ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
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Parity Is Currently MakingTitle:
U.S. farmers to plant largest corn area in 68 years: poll
(Reuters) - U.S. farmers this spring will seed the largest area with corn since World War Two as a mild and dry winter has raised expectations for a quick planting this spring , a Reuters poll of 24 analysts showed, signaling a boost to razor-thin stocks and lower prices in 2012.
The survey showed that farmers were gearing up to plant 94.2 million acres, which could produce a record crop of 13.8 billion bushels based on a trendline yield of 161.4 bushels per acre. It would surpass the previous ...
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Weekly Economic and Financial Commentary : 02/12/2011
Weekly Economic and Financial Commentary : 02/12/2011
U.S. Review
Moderate Improvement in Economic Data
The November employment report showed a big drop in the unemployment rate. However, the overall pace of job growth remains constrained.
Housing market data this week indicated that new home sales rose modestly in October, while home prices continued their downward trajectory.
The latest read on manufacturing sentiment from the ISM-manufacturing survey indicated that output ...
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Technical analysis of the AUD/USD parity on October 17th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD has validated on friday the breakout of 1.02, offering a new buy signal.
The pair opened the week above 1.03 and is also validating a breakout of this level (new buy signal).
The pair is currently making a pullback on this level.
All indicators are bullish.
We maintain to trade only long positions as far as 1.0150 is support.
The breakout of 1.04 will give a new buy signal and open the way towards 1.05.
In case of return below 1.0150, we will ...
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The Weekly Bottom Line : 23/09/2011
The Weekly Bottom Line : 23/09/2011
HIGHLIGHTS OF THE WEEK
United States
A deterioration of the global economic growth outlook caused a worldwide sell-off in equities. U.S. Treasury yields are down sharply, and the U.S. dollar appreciated in tandem.
The Federal Reserve announced additional policy actions to stimulate the faltering U.S. economy.
Recent developments suggest the downside risks we highlighted in our latest quarterly economic forecast have intensified.
Canada
...
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Technical analysis of the AUD/USD parity on May 31th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD has validated the breakout of 1.07, offering a buy signal.
The pair is currently making a pullback on 1.07 as support.
All indicators are bullish.
We maintain to trade only long positions as far as 1.0650 is support.
The breakout of 1.08 will give a new buy signal.
However, if 1.0650 is broken, we will wait the breakout of 1.06 to trade short positions.
See the previous analysis of the AUD/USD parity of May 30th, 2011
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Technical analysis of the AUD/USD parity on May 26th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD faked a breakout of 1.05 yesterday.
The paior is currently making a pullback towards its bearish slant.
Indicators are now mitigated.
We maintain to trade only short positions as far as 1.06 is resistance.
The breakout of 1.05 will give a new sell signal and open the way towards 1.04.
However, if 1.06 is broken, we will then advise to trade long positions.
See the previous analysis of the AUD/USD parity of May 25th, 2011
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Bearish Pressure Growing on US Dollar
Forex traders, who had been hesitant to short the greenback due to a variety of reasons last week, found many justifications to push heavily against the greenback these past two days. The EUR/USD has now risen to a three-year high, reaching towards 1.4900 in yesterday's session. The AUD/USD witnessed a similar bull run, climbing to a 29-year high of 1.0920. The USD/JPY joined the chorus, despite weak fundamentals in Japan, and fell to 81.52 from 82.17 yesterday.
Economic News
USD - US Dollar ...
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GBP Strength Looks to Continue
A news heavy trading day saw sharp rallies in the pound while the Aussie dollar traded lower.
Economic News
USD - Dollar Shrugs Off Poor Retail Sales
Traders overlooked disappointing January retail sales numbers as the dollar was mixed versus the major currencies. Retail sales for the previous month failed to meet economists' expectations, positing a 0.3% increase on expectations of a 0.5% jump. December's sales numbers were revised lower to 0.5% from 0.6%, underscoring the negative tone of ...
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Rates, Data Support USD Rebound
The Week Ahead
Highlights
* Rates, data support USD rebound
* Aussie stays strong despite floods and cyclone
* The UK economic pendulum swings the other way
* Gold and silver may be unable to stay aloft
* U.S. growth outpacing Canadian growth
* Key data and events to watch next week
Rates, data support USD rebound
US data this past week pointed to a further gain in momentum for the US recovery, with personal spending, Chicago PMI, both ISM surveys, factory orders and ...
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