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Technical analysis of the NZD/USD pair on April 18th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD got back yesterday above the resistance at 0.8206.
Indicators are neutral.
We are neutral on the pair between 0.8206 and 0.8250.
We advise to wait an exit of this range to take position:
- Long above 0.8250. The breakout of 0.8312 will give a new buy signal
- Short below 0.8206. The breakout of 0.8136 will give a new sell signal.
See the previous analysis of the NZD/USD pair of April 17th, 2012
NZD/USD Analysis
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Technical analysis of the EUR/USD pair on April 17th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD found support yesterday on 1.30 and has then validated a return above 1.31.
The pair just made a pullback on 1.31 as support after a test of the resistance at 1.3150.
Indicators are mitigated.
We are neutral on the pair between 1.31 and 1.32.
We advise to wait an exit of this range to take position:
- Long above 1.32. The breakout of 1.3250 and 1.33 will both give a new buy signal
- Short below 1.31. The breakout of 1.3050 and 1.30 will both give a new sell signal.
See the previous analysis of the EUR/USD pair of April 16th, 2012
EUR/USD Analysis
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Spanish Debt Worries Cause Euro to Tumble
Investor concerns regarding Spanish debt led to an increase in risk aversion on Friday, and caused the euro to tumble vs. its main currency rivals. Furthermore, news that the Chinese economy grew at a slower than expected rate last quarter resulted in safe-haven assets, including the US dollar and Japanese yen, turning bullish. Turning to this week, traders can expect market volatility as significant news from both the euro-zone and US is scheduled to be released. Today, US retails sales data may help the dollar extend its current upward momentum, should it come in at or above expectations.
Economic News
USD - Risk Aversion Leads to Dollar Gains
The US dollar turned bullish vs. most of its main currency rivals on Friday following poor euro-zone news which led to an increase in risk ...
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Technical analysis of the GBP/USD pair on April 16th, 2012
Commentary of the GBP/USD pair :
A strong bearish movement occured on the pair GBP/USD who broke the support at 1.5850 and also its long term bullish slant (black line).
All indicators are bearish.
We are neutral on the pair between 1.58 and 1.5850.
We advise to wait an exit of this range to take position:
- Long above 1.5850. The breakout of 1.59 will give a new buy signal
- Short below 1.58. The breakout of 1.5728 will give a new sell signal.
See the previous analysis of the GBP/USD pair of April 13th, 2012
GBP/USD Analysis
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Technical analysis of the NZD/USD pair on April 16th, 2012
Commentary of the NZD/USD pair :
After a test of the resistance at 0.8313 last friday, a strong bearish movement occured on the pair NZD/USD who is going to test the support at 0.8180 and also the upper band of its former bearish channel (purple lines) as support.
All indicators are bearish.
We are neutral on the pair between 0.8180 and 0.8220.
We advise to wait an exit of this range to take position:
- Long above 0.8220. The breakout of 0.8250 will give a new buy signal.
- Short below 0.8180. The breakout of 0.8136 will give a new sell signal.
See the previous analysis of the NZD/USD pair of April 13th, 2012
NZD/USD Analysis
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Keep Selling The Euro Rallies
Keep Selling The Euro Rallies
China's decision to widen its currency band will tend to dominate markets at the Asian open on Monday. The move will be seen as a vote of confidence by China's leadership in the prospects for a controlled economic landing which should also boost risk appetite and as a by-product support the Euro as defensive dollar demand fades.
The more confident mood surrounding the Euro and risk appetite is unlikely to be sustained for long as economic and political pressures will intensify during the week and, again, selling Euro rallies remains the best strategy. Confidence in the peripheral economies has taken another beating and the most likely outcome is for a further deterioration during the forthcoming week. The Euro-zone is continuing to suffer both net capital ...
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Copper falls as China growth data disappoints
(Reuters) - Copper fell on Friday after Chinese growth data came below expectations, deepening worries over slower demand from the world's top metals consumer; while a stronger dollar and concerns about the euro zone debt crisis also undermined the metal.
Three-month copper traded at $8,120 in official rings, down more than 1 percent from a close of $8,220 on Thursday. Earlier it hit a session low of $8,008.75, its lowest in almost three months.
The red metal used in power and construction was on course for a 3 percent fall this week.
China's economy grew at its slowest in nearly three years in the first three months of 2012, with a weaker than expected reading that raised investor concerns that a five-quarter long slide has not bottomed and that more policy action will be needed to ...
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Technical analysis of the XAU/USD (Gold) pair on April 13th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD has validated yesterday the breakout of 1660 points after a pullback on 1650.
The pair is currently testing 1680 points as resistance.
On its last bullish movement, the pair has validated an exit of its short term bearish channel (purple lines) and continues to move above the lower band of its long term bullish channel.
All indicators are now bullish.
We stay neutral between 1660 and 1680 points.
We advise to wait an exit of this range to take position:
- Long above 1680 points. The breakout of 1700 points will give a new buy signal
- Short below 1660 points. The breakout of 1640 points will give a new sell signal.
See the previous analysis of the XAU/USD pair of April 12th, 2012
XAU/USD Analysis
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Euro Hits 1-Week High vs. USD
The euro rose to a one-week high against the US dollar during yesterday's trading session, as positive international fundamental data led to an increase in risk taking. Analysts are warning that overall market sentiment is still bearish toward the euro, and any gains made by the currency may be short lived. Today, traders will want to pay attention to data out of the US, including the Core CPI and Prelim UoM Consumer Sentiment figures. With both indicators forecasted to come in above last month's, the greenback could see gains to close out the week.
Economic News
USD - Dollar Continues to Fall vs. Riskier Currencies
The US dollar extended its recent bearish trend during yesterday's trading session, as positive data out of Australia and China led to an increase in risk taking. The EUR/ ...
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