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Offering A BuyTitle:
Technical analysis of the EUR/CHF pair on August 24th, 2011
Commentary of the EUR/CHF pair:
The pair EUR/CHF just validated the breakout of 1.14, offering a buy signal.
The pair is currently testing a pullback on this level and is still below its bearish slant.
Indicators are globaly bullish.
We maintain to trade only long positions as far as 1.13 is support.
The breakout of 1.15 will give a new buy signal and open the way towards 1.16.
In case of return below 1.13, we will wait the breakout of 1.12 to advise short positions.
See the previous analysis of the EUR/CHF pair of August 23th, 2011
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Bank of Japan may ease monetary policy again
(Reuters) - The Bank of Japan will consider easing monetary policy further, possibly at an emergency meeting before next month's rate review, if further rises in the yen push down Tokyo stock prices enough to hit business sentiment, sources said.
The government may also intervene unilaterally again in the currency market to weaken the yen, although analysts doubt whether such moves can alter a broad weak dollar trend.
A senior government official expressed Tokyo's readiness to step into the currency market to stem yen rises if necessary, saying that recent moves have been speculative.
"Japan's stance is consistent in that it will take decisive action depending on market developments," the official told Reuters on Sunday.
The central bank loosened policy just two weeks ago to ease the ...
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Bonds rally on economy, eurozone fears
(Reuters) - More fears about the global economy drove prices of safe-haven U.S. government bonds up on Thursday and perceptions about the U.S. and euro zone outlook are likely to govern trading in coming days.
Early buying intensified after data showed factory activity in the Mid-Atlantic region fell to a nearly 2-1/2 year low in August. (The survey period was August 8 through August 16.)
Other data showed U.S. consumer prices rose in July and that 408,000 Americans claimed new jobless benefits last week.
Fear that the euro zone fiscal crisis was having an impact on its financial sector also fed the safe-haven bid a day after an unidentified euro zone bank borrowed $500 million in one-week dollars from the European Central Bank.
It was the first time a euro zone bank tapped the ECB for ...
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Technical analysis of the XAU/USD (Gold) pair on August 19th, 2011
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD has validated yesterday the breakout of 1800 points, offering a new buy signal.
The pair is currently continuing its bullish rallye towards new historics highs.
All indicators are bullish.
We advise to trade only long positions as far as 1800 is support.
The breakout of 1850 will give a new buy signal and open the way towards new historics highs.
In case of return below 1800, we will be neutral, waitint for new signals.
See the previous analysis of the XAU/USD pair of August 18th, 2011
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Technical analysis of the AUD/USD parity on August 19th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD just validated the breakout of 1.04, offering a sell signal.
All indicators are now bearish.
We maintain to trade the pair according to 1.04:
- Only short positions as far as 1.04 is resistance. The breakout of 1.03 and 1.02 will both give a new sell signal
- Only long posiitons if 1.04 become support. The breakout of 1.05 and 1.06 will both give a new buy signal.
See the previous analysis of the AUD/USD parity of August 18th, 2011
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Technical analysis of the EUR/GBP pair on August 19th, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP validated yesterday the breakout of 0.87, offering a new sell signal.
The pair is now moving towards the next support at 0.8650.
All indicators are bearish.
We maintain to trade the pair according to 0.8750:
- Only long positions as far as 0.8750 is support. The breakout of 0.88 will give a new buy signal
- Only short positions as far as 0.8750 is resistance. The breakout of 0.8650 will give a new sell signal and open the way towards 0.86.
See the previous analysis of the EUR/GBP pair of August 18th, 2011
Title:
Insight: Absolute return funds: no sure refuge
(Reuters) - Absolute return funds could be turning into Europe's next investment mis-selling row.
As freefalling equity and bond markets ravage people's savings, private investors globally are piling into the funds, which aim to deliver positive returns whether markets are rising or falling.
That demand has driven the assets held in absolute return funds to 182.1 billion euros globally at June 30, data from Lipper, a Thomson Reuters unit, show. This is almost a fifth higher than a year ago and double the assets held in such funds at the start of 2009.
Perhaps encouraged by such headlines as "Absolute-return funds - a safe haven?" from one UK newspaper in 2008, people may think these investments can't lose money. They absolutely can.
The funds may seem simple and safe, but they are more ...
Title:
Technical analysis of the AUD/USD parity on August 18th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD has validated yesterday the breakout of 1.05, offering a new buy signal.
The pair reached in extension the next resistance at 1.06 but just fall dow below 1.05.
All indicators are still bullish.
We maintain to trade only long positions as far as 1.04 is support.
The breakout of 1.05 will give a new buy signal and open the way towards 1.06/1.07.
However, if 1.04 is broken, we will then advise to trade only short positions.
See the previous analysis of the AUD/USD parity of August 17th, 2011
Title:
Technical analysis of the EUR/GBP pair on August 18th, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP validated yesterday a return below 0.8750, offering a sell signal.
The pair just found support at 0.87.
All indicators are now bearish.
We maintain to trade the pair according to 0.8750:
- Only long positions as far as 0.8750 is support. The breakout of 0.88 will give a new buy signal and open the wau towards 0.8850.
- Only short positions as far as 0.8750 is resistance. The breakout of 0.87 will give a new sell signal and open the way towards 0.8650.
See the previous analysis of the EUR/GBP pair of August 17th, 2011
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