ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
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PursuitTitle:
Fed should raise rates in 2013, Bullard says
(Reuters) - The Federal Reserve should start raising interest rates next year, a top Fed official said on Monday, arguing that even if rates stay near zero for many years, U.S. economic output will not bounce back to pre-recession levels.
Last month the Fed said it was likely to keep interest rates exceptionally low through late 2014 to bolster a recovery that was moving too slowly.
St. Louis Fed President James Bullard said he disagreed with that decision, arguing that the housing collapse ...
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Oil falls on economic, demand concerns
(Reuters) - Oil prices fell on
Friday, pressured by economic uncertainty ahead of a possible debt deal in Greece, concerns about China's sluggish manufacturing sector and weak U.S. petroleum demand.
China's manufacturers had a sluggish start to the year, a survey of purchasing managers showed, weighing on oil and also on copper prices.
News that major powers seeking to negotiate an end to Iran's suspected pursuit of nuclear weapons are soon to lay out what Tehran would need to do return to ...
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Oil falls on economy worry, dollar strength
Oil prices fell on Friday and were on pace to post a weekly loss on pressure from a stronger dollar and uncertainty ahead of a possible debt deal in Greece along with concerns about China's contracting manufacturing sector.
The dollar index .DXY strengthened as the euro fell from a two-week peak against the greenback as investors locked in profits from this week's rally and remained wary about the outcome of Greek debt negotiations.
Slowing Chinese growth added to pressure on oil prices after ...
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The Weekly Bottom Line : 07/01/2012
The Weekly Bottom Line : 07/01/2012
HIGHLIGHTS OF THE WEEK
United States
Data released this week showed the U.S. economy gained some traction towards the end of last year.
December's non-farm payrolls surpassed market expectations with a net addition of 200K jobs. This drove the unemployment rate down to 8.5%.
However, we should keep our expectations on a short leash. Risks to the outlook remain tilted to the downside, dominated be a grim European outlook and its potential ripple ...
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Gold, silver rally as new year rekindles risk appetite
(Reuters) - Gold rallied more than 1 percent and silver jumped over 2 percent on Tuesday as investors returned in the new year with a renewed appetite for riskier assets such as commodities, although global economic worries still weighed on sentiment.
Better-than-expected manufacturing data from China fuelled interest among investors who had moved to the sidelines because of year-end credit tightness.
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Technical analysis of the EUR/GBP pair on December 21th, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP has pursuit its bearish movement and is currently testing the support at 0.8350.
The pair is still moving below its bearish slant.
All indicators are bearish.
We maintain to trade only short positions as far as 0.8425 is resistance.
The breakout of 0.84 will give a new sell signal and open the way towards 0.8350.
In case of return above 0.8425, we will wait the breakout of 0.8450 to advise long positions.
See the previous analysis of the ...
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Technical analysis of the EUR/CHF pair on December 20th, 2011
Commentary of the EUR/CHF pair:
The pair EUR/CHF has validated yesterday the breakout of 1.22, offering a new sell signal.
However, the pair has some difficulties to pursuit its bearish movement.
All indicators are bearish.
We maintain to trade only short positions as far as 1.2250 is resistance.
The breakout of 1.2150 and 1.21 will both give a new sell signal.
In case of return above 1.2250, we will be neutral between this level and 1.23.
See the previous analysis of the EUR/CHF pair of ...
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AUD/USD Daily technical analysis - December 2011
The pair AUD/USD continues to move into its bullish channel (purple lines). The pair is going to test the lower band.
Resistance 2 : 1.15
Resistance 1 : 1.10
Key point ; 1.05
Support 1 : 1.00
Support 2 : 0.95
On the long term:
The trend is clearly bullish into the bullish channel
In case of return below 0.95, the long term trend will become bearish.
On the short term:
The pair is moving below its key level at 1.05.
As far as this level is resistance, the trend will remain bearish
The ...
Title:
Technical analysis of the EUR/USD pair on December 13th, 2011
Commentary of the EUR/USD pair :
The pair EUR/USD has validated yesterday the breakout of 1.33, offering a new sell signal.
The pair just validated a new breakout, the support at 1.32 but seems to have some difficulties to pursuit its bearish movement.
The pair is still moving into its bearish channel.
All indicators are bearish.
We maintain to trade only short positions as far as 1.33 is resistance.
The breakout of 1.3150 will give a new sell signal and open the way towards 1.31.
In case of ...
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