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Parity Continues To MoveTitle:
Technical analysis of the AUD/USD parity on January 18th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD continues it move between 0.99 and 1.0. Indicators are globaly bullish. We stay neutral on the pair between these two levels. We will wait an exit of this range to take position:
- Long if 1.0 is broken
- Short if 0.99 is broken
See the previous analysis of the AUD/USD parity of January 17th, 2011
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The Weekly Bottom Line: 16/01/2011
The Weekly Bottom Line
HIGHLIGHTS OF THE WEEK
United States
* Economic data were sparse early in the week, but equities still performed well following some successful debt auctions in Europe
* By the week's end, markets turned their attention to a torrent of data releases including retail sales, industrial production and CPI
* However, the releases offered few major surprises, and the market's reaction was muted
* The releases did however signal that as some sectors of the economy - including manufacturing and consumer spending - continue to press forward, price pressures and Eurozone worries remain an ever present challenge to the recovery
Canada
* The Canadian dollar has showed some renewed strength through the first two weeks of 2011, rising past parity vis-à- ...
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The Growing Fiscal Disparity Between Insiders and Outsiders
To the barricades!
Today, we continue to explore our new idea. Alert readers have already figured out that it is not a completely new idea. The ancient Greeks toyed with it too. Really new ideas are extremely rare.
In our modern version, it might be called the General Theory of Decadence…or the Cycles of Growth and Decline, or more playfully, the Unified Zombie Theory.
Life goes on. Material progress accumulates. The story of human life on earth grows longer, and more interesting. We see no end to it. But each component part comes to an end. Each life, each economy, each company, each society and each civilization still shrivels, corrodes, and exterminates itself. The past must become history so that the future may become the present.
It takes many downsides to make upside progress. ...
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Technical analysis of the AUD/USD parity on January 13th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD continues to move between 0.99 and 1.0. Indicators are mitigated. We stay neutral between 0.99 and 1.0. We will wait an exit of this range to take position:
- Long if 1.0 is broken
- Short if the price gets back below 0.99. The breakout of 0.98 will give a new sell signal.
See the previous analysis of the AUD/USD parity of January 12th, 2011
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Technical analysis of the AUD/USD parity on January 7th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD continues its bearish movement since the breakout of 1.0 and of its bullish slant. All indicators are bearish. We maintain to trade only short positions as far as 1.0 is resistance. The breakout of 0.99 will give a new sell signal. The next support is at 0.98.
See the previous analysis of the AUD/USD parity of January 6th, 2011
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US Dollar Rallies as FOMC Sounds the “All Clear Horn”
Well… The rally for the euro (EUR) didn’t have strong legs yesterday. Seems that a strong Factory Orders number here in the US got everyone thinking once again that the all-clear horn has been sounded for the US… The dollar rallied, commodities sold off, and gold lost $34 (as I left for the day). I’ll just say this about the all-clear horn being sounded… If things were so rosy, would the Fed/Cartel/Bernank, be leaving interest rates near zero? Why would the same crew be carrying out their implementation of quantitative easing?
And… If you read the Top Ten Currency Stories of 2010, last Friday, you’ll recall that about this time last year, some people (who should know better) were talking about a “recovery”… And the Fed/Cartel/Bernank was talking about removing emergency measures… And by ...
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Technical analysis of the AUD/USD parity on January 5th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD continues its bearish movement and is currently testing the support at 1.0 and also its bullish slant. All indicators are bearish. We stay neutral on the pair between 1.00 and 1.01. We will wait an exit of this range to take position:
- Long if the price gets back above 1.01. The breakout of 1.02 will give a new buy signal
- Short if 1.00 is broken. The breakout of 0.99 will give a new sell signal.
See the previous analysis of the AUD/USD parity of January 4th, 2011
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Dollar perks up on upbeat data
(Reuters) - The dollar edged broadly higher on Tuesday, with the yen on the backfoot after upbeat U.S. data suggested the world's biggest economy will accelerate in 2011.
The Australian dollar came under pressure with traders citing worries about the massive floods in the country's northeast, which has severed roads and closed ports, curtailing production of coal, Australia's top export.
The euro eased slightly after last week's short-covering surge, with some traders citing talk of euro-selling by investors related to euro zone bond redemptions.
Overall, the dollar seems likely to stay supported in the near term, said Todd Elmer, currency strategist with Citi in Singapore.
"If you look at the trend in terms of U.S. data, we have seen more propensity for the data to surprise on the ...
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2-Year High for Oil Pushes the Loonie Higher
Well… As I expected, the euro (EUR) really ran up on Friday’s trading, as shorts were covered and trading books were squared for year-end. I truly believe that this euro-buying could be reversed as we go through the first month of 2011… The reason I say that is I truly believe that the euro will come under pressure, as the Eurozone gets probed to come up with better solutions to their periphery countries’ problems. I expect Germany to balk at many things, and when they balk, the runners get to move up…the runners being the dollar, and gold…
Eventually Germany will come up with a solution that’s agreeable by all parties (except Italy; they always whine), and that’s when we’ll see the euro come back… At least that’s my thought for the first part of 2011…
Now… All that could change in a NY ...
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