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Rebound And We Will Then Advise To TradeTitle:
Technical analysis of the EUR/USD pair on November 29th, 2011
Commentary of the EUR/USD pair :
The pair EUR/USD has rebounded yesterday until 1.34 as resistance.
Then, the pair felt towards 1.33.
The pair is now moving between these two levels and is still moving into its bearish channel (purple lines).
Indicators stay globaly bearish.
We maintain to trade only short positions as far as 1.34 is resistance.
A return below 1.33 will comfort our bearish feeling.
The breakout of 1.32 will give a new sell signal and open the way towards 1.31.
In case of ...
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German and Eurozone activity indicators on focus today
FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400)
USD
Price action overnight suggests the market is still holding on to hopes that a half-satisfactory plan for a comprehensive solution to the Eurozone debt crisis can be found, but final results will need to wait until the Wednesday summit. This meeting will now be held between all 27 members of the European Union rather than the Eurozone alone, much to French displeasure according to French reports. German Chancellor Merkel’s priority over the next ...
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Technical analysis of the NZD/USD pair on October 21th, 2011
Commentary of the NZD/USD pair :
The pair NZD/USD again rebounded on 0.79 (and on the upper band of the former bearish channel) but this not invalidae the head and shoulders pattern (0.79 is the neckline).
Indicators are neutral.
We maintain to trade only long positions as far as 0.79 is support.
A return above 0.80 will comfort our bullish feeling.
The breakout of 0.8124 will give a new buy signal and open the way towards 0.82.
However, in case of return below 0.79, a sell signal will be given. ...
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Technical analysis of the AUD/USD parity on October 5th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD made a lows yesterday on the support at 0.94.
Then, the pair rebounded on 0.96 to make a pullback on 0.95 as support.
The pair continues to move below the lower band of its long term bullish channel (purple line).
All indicators are bearish.
We maintain to trade only short positions as far as 0.96 is resistance.
A return below 0.95 will comfort our bearish feeling.
The breakout of 0.94 will give a new sell signal and open the way towards 0.93. ...
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Markets Recovers on Hopes for European Action
Following several days of sharp declines, yesterday's session brought trading correction all over the globe. In the forex market, the euro managed to correct losses against the U.S. dollar, rebounding from a 10-month low. In commodities trading, crude oil saw a 500 pips gain and reached as high as $82.45 a barrel.
Economic News
USD - Dollar Drops versus Majors on Speculation Greece Might Prevent Default
The U.S dollar depreciated against most of the major currencies during Monday's trading ...
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Forex - Merkel, Sarkozy & Papandreou Talks Dominate The Spotlight
Forex News and Events:
Market attention today is fixed firmly on the upcoming talks between Greece’s PM Papandreou, German Chancellor Merkel and French President Sarkozy, with a conference call scheduled to take place at 4pm GMT. Thus far, markets are hoping for optimistic developments from these discussions, and in turn, EURUSD has stabilized around 1.3650 levels. The risks to investor sentiment are great however; if the market does not believe that any new progress has been made between the ...
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Oil pares gains on weak demand forecast
(Reuters) - Oil pared early gains after the International Energy Agency (IEA) cut its estimate for demand growth and raised its supply forecast on Tuesday, countering support provided by rebounds in the euro and in stock markets.
The IEA, which advises 28 industrialized countries on policy, said slowing economic growth had led the agency to cut its oil demand growth forecast by 160,000 barrels per day for 2011 and by 190,000 bpd for 2012.
Supply was also seen to rise more rapidly than ...
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Technical analysis of the EUR/USD pair on July 14th, 2011
Commentary of the EUR/USD pair :
The pair EUR/USD continued yesterday its rebound and just validated a return above 1.42, offering a new buy signal.
The pair made its return into its symmetrical triangle.
All indicators are now bullish.
We maintain to trade only long positions as far as 1.41 is support.
A return above 1.42 will comfort our bullish feeling.
The breakout of 1.43 will give a new Buy signal and open the way towards 1.44.
However, in case of return below 1.41, we will then advise ...
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Weak US Jobs Data May Reverse Bounce in Risk
The Week Ahead
Highlights
Weak US jobs data may reverse bounce in risk
Debt concerns drill down to Europe's core
PBoC hikes rate but not yet finished as inflation remains elevated
Important technical levels to watch in the week ahead
Key data and events to watch next week
Weak US jobs data may reverse bounce in risk
'Extremely disappointing' is about the only way to characterize US June employment data. After a classic ADP-induced shift to more positive expectations on ...
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