Parity On August 24th

Citing a failure of the Congressional super committee to address the US deficit Fitch moved to change its outlook on US government debt to negative from stable. Economic News USD - Fitch Warns on US Credit Rating Yesterday Fitch warned on the US credit rating. Citing a failure of the Congressional super committee to address the US deficit Fitch moved to change its outlook on US government debt to negative from stable. Technically this means there is a chance of a ratings downgrade within the next two years. This puts Fitch on the same level with Moody's and one level above S&P who downgraded the US credit rating in August, igniting a storm in the financial markets. The move by S&P to lower the AAA rating of the US fueled sharp declines in equity markets and a rush to safe haven ...

Commentary of the AUD/USD parity: The pair AUD/USD continues to move above 1.04 but failed to break the resistance at 1.05. Indicators are globaly bullish. 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 24th, 2011

Commentary of the AUD/USD parity: The pair AUD/USD just faked the breakout of the resistance at 1.05. The pair is currently falling towards 1.04. All indicators are still bullish. 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 23th, 2011

Commentary of the XAU/USD parity: The parity got back above 1225 after a lowest on the support on 1210. The price is now moving on its bullish slant. All indicators are getting bullish again. We advise to trade only long positions as far as 1220 is support. Next resistances are at 1240 and 1250. See the previous analysis of the XAU/USD parity of August 24th, 2010

Commentary of the AUD/USD parity: The parity just found support on 0.88 and is currently testing a pullback on 0.89. We note that a bearish slant is making resistance. Indicators stay globaly bearish. We maintain to trade only short positions as far as 0.89 is resistance. The breakout of 0.88 will give a new sell signal. See the previous analysis of the AUD/USD parity of August 24th, 2010

Commentary of the EUR/CHF parity: The breakout of 1.31 gave us a new sell signal. The next support at 1.30 has been reached. All indicators are bearish. We maintain to trade only short positions as far as 1.31 is resistance. The breakout of 1.30 will give a new sell signal. See the previous analysis of the EUR/CHF parity of August 24th, 2010

Commentary of the EUR/GBP parity: The parity continue to move into its bearish channel. The price is currently testing a return above 0.82. Indicators are now mixed. We stay neutral on the parity between 0.82 and 0.8250 and we advise to wait an exit of this range to take position: - Long if 0.8250 is broken - Short if 0.82 is broken See the previous analysis of the EUR/GBP parity of August 24th, 2010

Commentary of the EUR/JPY parity : The parity just found support on 106 for a rebound on 107 as resistance. Indicators stay globaly bearish. We maintain to trade only short positions as far as 107 is resistance. The breakout of 106 will give a new sell signal. See the previous analysis of the EUR/JPY parity of August 24th, 2010

Commentary of the EUR/USD parity : The parity continues its bearish movement below its bearish slant. The price just found support on 1.26 for a rebound on 1.27. Indicators stay globaly bearish. We maintain to trade only short positions as far as 1.27 is resistance. The breakout of 1.26 will give a new sell signal. See the previous analysis of the EUR/USD parity of August 24th, 2010