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Parity The Parity ContinuesTitle:
Technical analysis of the AUD/USD parity on May 20th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD continues its rebound towards 1.07 after a pullback on 1.06 as support. Indicators are mitigated.
We maintain to trade only short positions as far as 1.07 is resistance. A return below 1.06 will comfort our bearish feeling and the breakout of 1.05 will give a new sell signal and open the way towards 1.04. However, if 1.07 is broken, we will then advise to trade long positions.
See the previous analysis of the AUD/USD parity of May 19th, 2011
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Technical analysis of the AUD/USD parity on May 19th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD continues its rebound towards 1.07 after a pullback on the support at 1.06. Indicators are mitigated. We maintain to trade only short positions as far as 1.07 is resistance. A return below 1.06 will comfort our bearish feeling and the breakout of 1.05 will give a new sell signal and open the way towards 1.04. However, if 1.07 is broken, we will then advise to trade long positions.
See the previous analysis of the AUD/USD parity of May 18th, 2011
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The Weekly Bottom Line : 14/05/2011
The Weekly Bottom Line
HIGHLIGHTS OF THE WEEK
United States
The risk of debt restructuring in Greece is mounting, which in turned spurred Standard & Poor's to downgrade the country's credit rating by two notches.
Meanwhile, the roller coaster ride of crude oil underscored the volatility in oil markets, prompting U.S. stock markets to mirror these movements.
The effects of surging oil prices were evident on March's trade data, and April's retail sales and consumer price data
Going forward, should the recent drops in the price of crude oil be sustained, it could provide some relief to consumer spending and the trade balance.
Canada
Inflation is expected to record another sizeable gain when data are released next Friday. Food and energy have only been mostly ...
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Technical analysis of the AUD/USD parity on May 9th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD continues its rebound towards 1.08 as resistance. Indicators are now mitigated. We maintain to trade only short positions as far as 1.08 is resistance. A return below 1.07 will comfort our bearish feeling and the breakout of 1.06 will give a new sell signal and open the way towards 1.05. However, if 1.08 is broken, we will then advise to trade long positions.
See the previous analysis of the AUD/USD parity of May 6th, 2011
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Technical analysis of the AUD/USD parity on May 2nd, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD continues its bullish rallye towards new historical highs. The pair just tested the resistance at 1.10. All indicators are bullish. We maintain to trade only long positions as far as 1.0850 is support. The breakout of 1.10 will give a new buy signal and open the way towards new highs.
See the previous analysis of the AUD/USD parity of April 29th, 2011
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The Weekly Bottom Line : 29/04/2011
The Weekly Bottom Line
HIGHLIGHTS OF THE WEEK
United States
* The U.S economy grew at a 1.8% annualized pace during the first quarter. While the headline figure was dragged down by broad declines in government spending and real estate construction, the details were encouraging with healthy gains in consumer spending and business investment.
* The Federal Reserve met this week to discuss monetary policy. There were no major changes from the FOMC, but Chairman Bernanke did reiterate the Fed's unwavering commitment to maintaining price stability.
* Equities continued to move higher, and the S&P500 is now approaching a 3-year high.
* The risks and rewards of ultra-accommodative policy will start changing in the quarters ahead, an inevitability investors must consider when ...
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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 Dropping Fast as Sell-Off Gains Momentum
The US dollar has continued to plummet since yesterday after statements from the Federal Open Market Committee (FOMC) removed all doubt about US monetary policies remaining unchanged. The record low interest rates will persist for the foreseeable future, ...
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Technical analysis of the AUD/USD parity on April 29th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD continues its bullish rallye towards new highs and is still moving on 1.09. All indicators are bullish. We maintain to trade only long positions as far as 1.08 is support. THe breakout of 1.10 will give a new buy signal and open the way towards new highs.
See the previous analysis of the AUD/USD parity of April 28th, 2011
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Technical analysis of the AUD/USD parity on April 28th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD continues its bullish rallye towards new highs. The pair just validated the breakout of 1.09, offering a new buy signal. All indicators are bullish. We maintain to trade only long positions as far as 1.08 is support. THe breakout of 1.10 will give a new buy signal and open the way towards new highs.
See the previous analysis of the AUD/USD parity of April 27th, 2011
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