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Parity The Parity ContinuesTitle:
Technical analysis of the GBP/JPY parity on september 13th, 2010
Commentary of the GBP/JPY parity :
The parity continues to move into its range between 129 and 130. We maintain to trade only short positions as far as 130 is resistance. The breakout of 129 will give a new sell signal. However, if 130 is broken, a buy signal will be given. The next resistance is at 130.86.
See the previous analysis of the GBP/JPY parity of September 10th, 2010
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Technical analysis of the NZD/USD parity on september 13th, 2010
Commentary of the NZD/USD parity :
The parity continues its bullish movement and the breakout of 0.7253 (level 23.60%) and 0.73 have both give a new buy signal. We maintain to trade only long positions as far as 0.7296 is support. The next resistance is at 0.74. The breakout of this level will give a new buy signal. If the price get back below0.73, we will stay neutral between this level and 0.7253.
See the previous analysis of the NZD/USD parity of September 10th, 2010
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Technical analysis of the USD/CAD parity on september 13th, 2010
Commentary of the USD/CAD parity :
The parity continues to test the support at 1.0313. The breakout of this level will give a new sell signal. We maintain to trade only short positions as far as 1.0380 is resistance. However, if this level is broken, a buy signal will be given.
See the previous analysis of the USD/CAD parity of September 10th, 2010
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Technical analysis of the EUR/GBP parity on september 10th, 2010
Commentary of the EUR/GBP parity:
The parity continues to move between the support at 0.82 and the resistance at 0.8250. Indicators stay globaly bearish. We maintain to trade only short positions as far as 0.8250 is resistance. The breakout of 0.82 will give a new sell signal. However, if 0.8250 is broken, a buy signal will be given.
See the previous analysis of the EUR/GBP parity of September 9th, 2010
Title:
Technical analysis of the NZD/USD parity on september 10th, 2010
Commentary of the NZD/USD parity :
The parity continues its bullish movement and is currently testing the resistance at 0.7253 (level 23.60%). The breakout of this level will give a new buy signal. The next resistance is at 0.73. We maintain to trade only long positions as far as 0.7219 is support. If the price get back below this level, we will stay neutral.
See the previous analysis of the NZD/USD parity of September 9th, 2010
Title:
Technical analysis of the USD/CAD parity on september 10th, 2010
Commentary of the USD/CAD parity :
The parity continues its bearish movement and is currently testing the support at 1.0313. The breakout of 1.0350 gave us a new sell signal. We maintain to trade only short positions as far as 1.0350 is resistance. The breakout of 1.0313 will give a new sell signal. However, between 1.0350 and 1.04, we will stay neutral.
See the previous analysis of the USD/CAD parity of September 9th, 2010
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Forex - Ireland And Greece Return To Concern
Risk sentiment continues to be the core driver of forex pricing and right now it is squarely negative. The market is once again squarely focused on events in Ireland and Greece. The decisions to split Anglo-Irish, while prudent, highlights the enormity of the potential banking problem. It has taken roughly 20% of Ireland’s GDP to bailout domestic banks and investors are concerned that further cash injections will be needed. In addition, there is growing speculation that the EU stress test lacked rigor and it will be a function of the markets to figure out which banks are in trouble. Unfortunately, it was this kind of groping in the dark which shut down credit markets the first time, and which we are witnessing once more. As to be expected, sovereign spreads have blown out and CDS have ...
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Technical analysis of the EUR/CHF parity on september 9th, 2010
Commentary of the EUR/CHF parity:
The parity continues to move between 1.28 and 1.29. Indicators stay globaly bearish. We maintain to trade only short positions as far as 1.29 is resistance. The breakout of 1.28 will give a new sell signal.
See the previous analysis of the EUR/CHF parity of September 8th, 2010
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Forex - Merkel's Comments Haunt the EURO
Safe-haven trades were slightly stronger this morning during the Asian session. The absence of any fresh economic news kept large participants sidelined this morning. Risk aversion was driven by further spread widening of peripheral EU bond spreads against Germany. The trend was set in motion yesterday as the S&P closed 1% lower and risk-correlated assets took their cue from the stock index.
Although the level of rhetoric in Japan continues to be ramped up, the Nikkei dropped 2% on risk aversion and Yen strength. Finance Minister Noda provided the usual comments, something about him watching Forex movements carefully and that he’s willing to take decisive actions, including FX intervention, if the situation warrants it. BoJ Governor Shirakawa upped the ante by giving the market his ...
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