ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
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Wait A ReturnTitle:
The Federal Reserve and Other Crimes Against Capitalism
New York Times writer, Steven M. Davidoff, recently dubbed the Federal Reserve, “the most successful hedge fund around.”
After reading the article, we concluded that Mr. Davidoff is the most creative financial writer around. As such, Mr. Davidoff may be the perfect apologist for today’s dysfunctional monetary “system.” Certainly, he possesses the cerebral alacrity to dodge whatever cold, hard facts may be standing in the way of a good story.
“I call the Fed a hedge fund,” Davidoff cheerily ...
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Bernanke urges Congress to address Bush tax cuts
(Reuters) - Federal Reserve Chairman Ben Bernanke on Tuesday warned Congress that putting off a decision on the fate of expiring Bush administration tax cuts could unsettle businesses and households, undercutting the U.S. economic recovery.
With presidential and congressional elections looming in November, many analysts think Congress is unlikely to act until the final months of the year. The tax cuts expire on January 1.
Bernanke told the Senate Budget Committee that lawmakers might not have ...
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European Main Equities retreat slightly ahead of Greek debt-talks results
The sentiment is mixed in the market today as investors are still waiting the results of the Greek debt-talks with creditors, which lasted for a long period of time, where Greece remains in focus as the nation's future should determine the economic situation in the euro-area region in 2012.
Greece returned to be the main focus in the market, where all eyes are still tracking any developments in the Greek debt talks with the private sector over the coupon rate paid on the new bonds to be issued ...
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Greek talks check euro, results hit shares
(Reuters) - The euro was underpinned on Tuesday by hopes a way would be found to push through a second bailout deal for Greece, though fresh signs of exposure to Europe's economic troubles among leading banks rekindled investor unease, sending shares lower.
U.S. stock index futures pointed to the unresolved Greek deal weighing on Wall Street at the open, ahead of Senate testimony from Federal Reserve Chairman Ben Bernanke that may grab the spotlight at 1500 GMT (10 a.m. EST) after last week's ...
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Technical analysis of the XAU/USD (Gold) pair on February 7th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD has faked yesterday the breakout of 1720 points.
The pair XAU/USD continues to move on the upper band of its long term bullish channel (long term analysis).
Indicators stay globaly bullish.
We continue to advise long positions as far as 1720 points is support.
A return above 1730 points will comfort our bullish feeling.
The breakout of 1750 and 1800 points will both give a new buy signal.
In case of return below 1720 points, we will wait ...
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Technical analysis of the AUD/USD parity on February 7th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has found support yesterday on 1.07 and is currently testing again the resistance at 1.08.
The pair is still moving above its falling wedge and above a bullish slant (blue line).
All indicators are bullish.
We continue to advise long positions as far as 1.0650 is support.
The breakout of 1.08 and 1.09 will both give a new buy signal.
In case of return below 1.0650, we will wait a breakout of 1.06 to advise short positions.
See the ...
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Technical analysis of the EUR/CHF pair on February 7th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF found resistance yesterday on 1.2080 and is now back on the support at 1.2060.
All indicators are bearish.
The pair is still moving into its long term bearish channel (black lines).
We continue to advise short positions as far as 1.21 is resistance.
The breakout of 1.20 and 1.1950 will both give a new sell signal.
In case of return above 1.21, we will wait the breakout of 1.2150 to advise long positons.
See the previous analysis of the EUR/ ...
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Technical analysis of the EUR/USD pair on February 7th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD made yesterday a double bottom on 1.3027 with the low of February 1st.
Then, the pair has validated a return above 1.31 and just made a pullback on this level as support.
Indicators are globaly bullish.
We continue to advise long positions as far as 1.3050 is support.
The breakout of 1.32 will give a new buy signal and open the way towards 1.33.
In case of return below 1.3050, we will wait the breakout of 1.30 to advise short positions.
...
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Technical analysis of the GBP/JPY pair on February 7th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY broke yesterday a strong resistance at 121, giving us a buy signal.
The pair is still moving above its bullish slant (purple line).
All indicators are bullish.
We continue to advise long positions as far as 120.50 is support.
The breakout of 121.85 will give a new buy signal and open the way towards 122.50.
In case of return below 120.50, we will wait the breakout of 120 to advise short positions.
See the previous analysis of the GBP/JPY ...
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