ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
Parity The Parity FoundTitle:
Dukascopy Afternoon Forex Overview: 14/10/2010
Previous session overview
The dollar declined sharply Thursday after Singapore tightened its monetary policy, inspiring confidence in Asian economic growth.
The move by the Monetary Authority of Singapore, which involved widening as well as raising the trading band for the Singapore dollar, indicated Asian economies are now strong enough to tolerate monetary tightening, while the dollar languishes under prospects for more easing by the Federal Reserve.
The news accelerated dollar selling that had already been stoked by concern over low U.S. interest rates, a run-up in Asian equities this week and large gains in commodities like gold and oil.
The combination drove the yen as well as higher-yielding currencies to notable levels overnight.
The dollar ground down to a fresh 15-year-low of ...
Title:
Technical analysis of the XAU/USD (Gold) parity on October 13th,2010
Commentary of the XAU/USD parity:
The parity found support on 1340 twice but without breaking the resistance at 1350 (new buy signal). Indicators are getting bullish. We maintain to trade only long positions as far as 1340 is support. The breakout of 1360 (last highest) will give a new buy signal for new highs...
See the previous analysis of the XAU/USD parity of October 12th, 2010
Title:
Technical analysis of the EUR/GBP parity on October 13th, 2010
Commentary of the EUR/GBP parity:
The parity found support on 0.87 to make its return above 0.8750 and then broke the resistance at 0.88 (new buy signal). All indicators are now bullish. The price continues to move into its bullish channel. We maintain to trade only long positions as far as 0.8775 is support.
See the previous analysis of the EUR/GBP parity of October 12th, 2010
Title:
Technical analysis of the EUR/USD parity on October 13th, 2010
Commentary of the EUR/USD parity :
The parity found support on 1.39 and made its return above 1.39. Indicators are now mixed. We maintain to trade only long positions as far as 1.39 is support. The breakout of 1.40 will give a new buy signal. However, if 1.38 is broken, we will then advise to trade only short positions.
See the previous analysis of the EUR/USD parity of October 12th, 2010
Title:
Technical analysis of the XAU/USD (Gold) parity on October 12th,2010
Commentary of the XAU/USD parity:
The parity has some difficulties to pursuit its movement above 1350. THe price just found support on 1340 for a new test of 1350. Indicators are mixed. We maintain to trade only long positions as far as 1340 is support. A return above 1350 will comfirm our bullish feeling. The breakout of 1360 (last highest) will give a new buy signal. However, if 1340 is broken, we will stay neutral. First levels of supports are at 1330 and 1320.
See the previous analysis of the XAU/USD parity of October 11th, 2010
Title:
In Depth Currency Analysis: 10/07/2010
Dollar Continues to Struggle
Thursday, 7 Oct 2010
The slide in the value of the dollar continued today following weaker than expected ADP Non-Farm Employment change. The report showed job losses of -39K. Economists had expected the report to come in at a positive 23K. The payrolls company said the slide in private sector jobs confirms a pause in the economic recovery already evident in other data. Employment fell in all major sectors.
Dollar weakness was prevalent with sharp losses occurring versus the euro. The EUR/USD was trading higher at 1.3920, up from an opening day price of 1.3846. The USD/JPY was lower at 83.00, after opening the day at 83.17. The AUD/USD was higher at 0.9765 from 0.9713. The Dow Jones Industrials Average was up 0.21% today. This follows yesterday's rally of 1. ...
Title:
USD Continues to be Sold
The US dollar was weaker again as high yielding currencies performed well. The euro was up sharply versus the dollar and global bourses were higher following yesterday's strong trading session in the Dow.
Economic News
USD - Dollar Continues to Struggle
The slide in the value of the dollar continued today following weaker than expected ADP Non-Farm Employment change. The report showed job losses of -39K. Economists had expected the report to come in at a positive 23K. The payrolls company said the slide in private sector jobs confirms a pause in the economic recovery already evident in other data. Employment fell in all major sectors.
Dollar weakness was prevalent with sharp losses occurring versus the euro. The EUR/USD was trading higher at 1.3920, up from an opening day price of 1. ...
Title:
Technical analysis of the EUR/USD parity on October 6th, 2010
Commentary of the EUR/USD parity :
The parity found support on its bullish slant (started at the begining of september). The breakout of 1.38 gave us a new buy signal. All indicators are again bullish. We maintain to trade only long positions as far as the price is above 1.3750 or its bullish slant. The breakout of 1.39 will give a new buy signal.
See the previous analysis of the EUR/USD parity of October 5th, 2010
Title:
Technical analysis of the GBP/USD parity on October 6th, 2010
Commentary of the GBP/USD parity :
The parity again found support on the lower band of its bullish channel and the breakout of 1.5850 gave us a new buy signal. Currently, 1.5885 seems to act as support and the parity is moving towards the major resistance at 1.5972 (highest of August 3rd and 9th). The breakout of this level will give a new buy signal. We maintain to trade only long positions as far as the parity is moving into its bullish channel. In case of breakout, we will stay neutral.
See the previous analysis of the GBP/USD parity of October 5th, 2010
|