ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
|
Opened On A BearishTitle:
Currencies and commodities attempting to regain, USD backs off briefly
The clock is ticking ... tick-tock ... tick-tock; the leaders of France and Germany told Greece on Monday “time was running out”, a deal should be done to reduce spending and progress with the needed budget cuts as the country is grappling with time, the austerity measures should be agreed upon today for Greece to be granted the second bailout of 130 Billion Euros. However, no news so far, we are still waiting.
One Greek official denied that the Greek parities involved in these negotiations ...
Title:
Technical analysis of the NZD/USD pair on February 6th, 2012
Commentary of the NZD/USD pair :
After a test of the upper band of its bullish channel (black lines), the pair NZD/USD is currently testing a pullback on the suppport at 0.83.
The pair opened on a bearish gap that has not been filled in.
All indicators are bullish.
We continue to advise long positions as far as 0.8238 is support.
The breakout of 0.8350 and 0.84 will both give a new buy signal.
In case of return below 0.8238, we will be neutral between this level and 0.82.
The breakout of 0.82 ...
Title:
A better-than-expected China PMI gives AUD a temporary boost
FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400)
USD
The price action overnight was largely driven by a better-than-expected China PMI which gave AUD a modest but temporary boost. The euro meanwhile remained under downward pressure as investors digested yesterday’s news reports suggestingGreeceis resisting further austerity measures to bring debt down to sustainable levels, and that negotiations on this front are likely to make slow progress. This is a timely reminder that the proposed bond swap is ...
Title:
Risk appetite was boosted overnight
FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400)
USD
Risk appetite was boosted overnight by an article in the Financial Times claiming that the ECB’s next 3y LTRO (due on Feb 29) could see demand for up to EUR1 trn in cash, double the previous amount. If so, it would go a long way towards alleviating term funding concerns for Eurozone banks as their bonds fall due throughout the year. There were no major surprises out of Monday’s Eurozone summit. In French President Sarkozy’s words, the summit ‘ ...
Title:
Dukascopy Afternoon Forex Overview : 26/01/2012
Fundamental Analysis
EUR
Big rethink is necessary in the Euro Zone within world's economy, said Angela Merkel at the World Economic Forum. Structural reforms aimed at creating new jobs are crucial, she added. Indebted Euro Zone is the most discussed issue at the forum. Many consider Germany and other strong economies have to inject more money into rescue fund.
USD
Due to weak recovery and slowing inflation in the US, market speculation on possible further easing has skyrocketed. On the last ...
Title:
SunBirdFX Daily Market Analysis : 01/26/2012
www.sunbirdfx.com
The bulls in Wall Street released their power right after the FOMC rate statement was published yesterday. As we estimated, the markets have waited the whole week for the main event and the volatility in the markets was extremely higher.
The S&P 500 and the Dow-Jones opened the day in the red zone, whereas NASDAQ was already green due to Apple's reports that lifted the stock 6%. The technology index passed 2011' picks and set a new high. The S&P is getting close to last year' ...
Title:
The euro settled above 1.30
FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400)
USD
The euro settled above 1.30 during the US session as investors remain hopeful of a settlement on the Greek PSI. However, reports remain conflicting – a finance ministry source noted that there will be a final offer on the bond swap by February 13th, and the Eurogroup said that current talks on the debt deal were ‘constructive’, but other sources warned that there is currently no intention by either the Eurozone or the IMF to give more money to ...
Title:
Higher yielding currencies surge, filling the weekend's bearish gap
In anticipation for the Greek issue’s developments, the Euro/Dollar pair rallied this morning as traders printing a new high at 1.3007(Market Price) after surpassing yesterday’s high at 1.2985. The pair opened the trading session with a bearish gap at 1.2877 after closing last week at 1.2929; however it quickly recovered the losses. The current rally is an extension of the relief rally that was trigger after bottoming at 1.2625 which was trigger by the series of encouraging data from auctions ...
Title:
SunBirdFX Daily Market Analysis : 01/23/2012
www.sunbirdfx.com
Wall Street completed its best opening since 1987 last week and the results season is the main engine for this powerful rally. It is clear on this point that the correction will occur during the following weeks and it might be a strong one. All it takes is just one disappointing report by one of the leading companies, or a disappointing economic data, to trigger the bearish correction. At the same time, this rally might continue even higher and take the main indices to new ...
|
||||||
