ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
Previous Analysis Of The Aud/usdTitle:
Technical analysis of the AUD/USD parity on May 21th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD found support on 0.98 last friday.
The pair continues to move on the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 0.9950 is resistance.
The breakout of 0.98 will give a new sell signal and open the way towards 0.97.
In case of return above 0.9950, we will wait the breakout of 1.0 to advise long positons.
See the previous analysis of the AUD/USD parity of May 18th, 2012
AUD/USD Analysis
Title:
Dukascopy Morning Forex Overview : 05/18/2012
Fundamental Analysis
EUR
"Spain, once again, is where the confidence game is played"
- Sebastian Paris Horvitz, strategist at HSBC Private Bank Suisse
Spain sold the maximum targeted amount of debt, 2.5 billion euros, during yesterday’s auction with spiking borrowing costs. The interest rate of three-year bonds rose to 4.373% from April’s figure of 2.89% while interest rate of five-year bonds surged to 5.106% from 3.374 in March.
USD
"What we’re seeing in foreign-exchange markets is strong demand for the U.S. dollar"
- Steven Saywell, head of foreign-exchange strategy for Europe at BNP Paribas SA
Latest US initial unemployment claim data was released yesterday – 370 000 Americans demanded their jobless benefits last week versus a 368 000 consensus forecast. The Labor Department revised ...
Title:
Technical analysis of the AUD/USD parity on May 18th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD took up yesterday its bearish movement and the breakout of 0.99 gave us new sell signal.
The pair is now moving below its falling wedge (brown lines) and below the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 1.00 is resistance.
The breakout of 0.98 will give a new sell signal and open the way towards 0.97.
In case of return above 1.00, we will wait the breakout of 1.01 to advise long positons.
See the previous analysis of the AUD/USD parity of May 17th, 2012
AUD/USD Analysis
Title:
Dukascopy Morning Forex Overview : 05/17/2012
Fundamental Analysis
EUR
"We expect euro-region inflation to normalize in 2013"
- Michael Schubert, an economist at Commerzbank AG
Inflation in the seventeen nation bloc eased to 2.6 per cent in March from 2.7 per cent the previous month, said the European Union’s statistics office in Luxembourg on Wednesday.
USD
"Uncertainty about Greece and the effects a potential exit out of the euro would have on Europe, the global economy and the financial system in general is driving investors out of stocks into safe havens"
- Markus Huber, head of German sales trading at ETX Capital
The Standard & Poor's 500 lost 0.44%, or 5.86 points, to 1,324.80. The Dow Jones Industrial Average declined by 0.26%, or 33.45 points, to 12,598.55.
GBP
Unemployment figures are a "welcome step in the right ...
Title:
Technical analysis of the AUD/USD parity on May 17th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has rebounded yesterday on the support at 0.99 and also on the lower band of its bearish channel (purple lines).
The pair got back into its falling wedge.
Indicators are globaly bearish.
We continue to advise short positions as far as 1.0050 is resistance.
The breakout of 0.99 will give a new sell signal and open the way towards 0.98.
In case of return above 1.0050, we will wait the breakout of 1.0125 to advise long positons.
See the previous analysis of the AUD/USD parity of May 16th, 2012
AUD/USD Analysis
Title:
Dukascopy Afternoon Forex Overview : 05/16/2012
Dukascopy Fundamental Analysis
EUR
Stoxx Europe 600 index have dropped for third consecutive day and reached the lowest level since the start of this year as specialists speculate that elections in Greece could take place as early as 10 of June. The index lost 0.5% of its value by noon in London and around 10% from its peak this year in mid-March.
USD
Facebook increases the share offering by 25% to 421.2M shares to collect near $16B. At the offering's price of $34-$38 per share Facebook is rushing towards the largest technology IPO in the history. Production of utilities, mines and factory's in the U.S. surpassed expected 0.6% level and increased by 1.1% in April.
GBP
The number of unemployed people for January-March decreased to 2.63 million, 45,000 down on the quarter, the Office for ...
Title:
Dukascopy Morning Forex Overview : 05/16/2012
Fundamental Analysis
EUR
"Germany is holding up the rest of the euro zone”"
- Nick Kounis, head of macroeconomic research at ABN Amro
Germany helped the Eurozone avoid its second recession in three years. Overall gross domestic product stagnated in the first three months of 2012, compared to the previous quarter, Eurostat data showed on Tuesday.
USD
"There’s a lot of slack in the economy"
- Scott Brown, chief economist at Raymond James & Associates Inc.
Inflation in the U.S. stagnated in April, restrained by a decline in energy costs. The core consumer price index, which excludes food and energy costs, rose 0.2 per cent, showed Bureau of Labor Statistics data on Tuesday.
GBP
"March's UK trade figures showed a bit of an improvement, although the external sector still looks likely to ...
Title:
Technical analysis of the AUD/USD parity on May 16th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has continued its bearish movement and is currently the support 0.99 and also the lower band of its bearish channel (purple lines).
All indicators are bearish.
The pair just broke the lower band of its falling wedge.
We continue to advise short positions as far as 1.0050 is resistance.
The breakout of 0.99 will give a new sell signal and open the way towards 0.98.
In case of return above 1.0050, we will wait the breakout of 1.01 to advise long positons.
See the previous analysis of the AUD/USD parity of May 15th, 2012
AUD/USD Analysis
Title:
Dukascopy Afternoon Forex Overview : 05/15/2012
Dukascopy Fundamental Analysis
EUR
Investors battered European stocks, dumped the bonds of Spain and Italy, and bid the euro down against the dollar Monday after the collapse of weekend coalition talks in Greece edged that country closer to an exit from the euro zone.
USD
Retail sales in the U.S. rose in April at the slowest pace of the year, showing unseasonably mild weather and pre-Easter shopping may have pulled consumers to stores the prior month.
GBP
Governor Mervyn King looks set to leave the door open to more support for the struggling economy when he presents the Bank of England's new economic outlook on Wednesday, which is likely to show a tricky mix of lower growth and higher inflation ahead.
CHF
Swiss stocks lost ground on Monday on concern Greece will exit the Eurozone.
...
|