November 2012 -

Forex: Dollar Analysis Update 18th Nov

November 18, 2012 4:52 pm GMT+0  in Forex Articles

Dollar Index Analysis Update, (Forex FX) 18th Nov The US dollar index ended the week trading just under a key near term technical level comprised of the following tech elements: previous support from June, the 50% retrace of 72.69 – 84.1 and the highlighted FE 161.8 extension area. Large Forex/FX futures speculators were net long the US dollar, […]

Aussie’s Fall – Combination Of New Leadership At People’s Bank Of China And Drop in Inflation

November 15, 2012 3:39 am GMT+0  in Forex Analysis

Australian Dollar fell strongly against U.S. Dollar during past 15 hours after failing below 1.0500 psychological level.   Uncertainties About New Economic Leadership in China Indications from China that the China’s central bank i.e. People’s Bank Of China (PBOC) will undergo a leadership change and the current Governor of PBOC Zhou Xiaochuan will be retiring. The possible candidates of […]

Austerity Measures And Strikes And Unrest in Europe

November 14, 2012 11:38 pm GMT+0  in Euro Zone

The second general strike of the year was called in Spain, demonstrations, partial strikes across Portugal, Italy and Greece and the unions of workers across Europe falling in line for bigger coordinated protests. Effects Of The Second General Strike It was estimated that the number of auto workers working in the night shift who joined […]

GBP/USD Broke Below The Trend Line Support

November 14, 2012 9:53 pm GMT+0  in Forex Analysis

Since the end of May 2012 to Middle of August 2012, GBP/USD had remained in a very volatile sideways range. The price action had broken over that range strongly in August and market had witnessed a very strong upward move for the currency pair. The price had gone as high as 1.6309 which was slightly […]

Today’s Economic Events And The Age Old Game of Technical Indicators

November 14, 2012 8:48 am GMT+0  in Forex Analysis

USD/CHF has been continuously failing for past 4 days at or below 200-day Moving Average resistance. Out of these 4 days, 3 days made us witness the classical example of 200-day moving average power when the currency pair failed just after touching that level. Similar pattern has been with EUR/USD where the pair kept on […]

Greece Gets 2 More Years – Clouds Of Questions Against The Ray Of Hopes

November 14, 2012 4:10 am GMT+0  in Euro Zone

Another compromise reached in Brussels when European finance ministers met to discuss the ongoing Greece rescue issue. Options have been only two! To risk the Greece to default or compromise on the rescue terms? The latest compromise has been to grant Greece 2 more years i.e. up to 2016 for bringing down the budget deficit to […]

Chinese Yuan At 19 Years’ High

November 13, 2012 5:06 am GMT+0  in China

Chinese Yuan hit the 6.2262 mark today against 1 dollar in Shanghai today. This is the highest level in past 19 years and reflects the improved confidence in the economy’s growth prospects. CNY Versus U.S. Dollar – Historical Price Action   The Chinese currency was pegged to U.S. Dollar till 2005. In 2005 the Yuan was […]

USD/CHF Facing Resistance At 200-day Moving Average

November 13, 2012 4:01 am GMT+0  in Forex Analysis

USD/CHF had broken the barrier of 200-day moving average support on September 11th. Before that the currency pair had been over this level since May 2nd,2012 i.e. for four and a half months. After being under this resistance the pair is testing this resistance now after a gap of approximately 2 months. USD/CHF Daily chart […]

Australian Dollar – Stuck Up With The Push and Pulls

November 13, 2012 12:59 am GMT+0  in Forex Analysis

AUD/USD remains in the short-term pricing channel since the beginning of October and without showing the signs of any good volatility. The price generally has been finding support near the 55-day EMA and well above the 220-day moving average. On October 23rd when it fell strongly to break 55-day EMA support, the support came just […]

Chinese Economic Data – Encouraging Signs

November 12, 2012 1:03 pm GMT+0  in China

With the Japanese and the Euro-zone economies in the doldrums, and the fragile economic recovery in the US in grave danger from the ‘fiscal cliff,’ the fast-developing economies out of Asia will probably do the heavy lifting as far as global growth is concerned. The Chinese economy has been a powerhouse of growth this decade, […]

Japan Gross Domestic Product Declines Further

November 12, 2012 1:25 am GMT+0  in Japan

Keeping the trend of recent poor economic data, today’s economic releases showed that the Annualized Gross Domestic Product fell in Q3 more than the expectations. The preliminary report showed a drop of -3.5% against the 0.7% rise which took place in Q2. The expectations were for a drop of -3.4%. The quarter on quarter change […]

Gold Update WC 12th November

November 11, 2012 7:37 pm GMT+0  in Trading with Other Commodities

Gold Update WC 12th November Gold Technical Analysis – Gold finished the week close to the $1730 per oz mark on Friday, after scaling to highs around $1738.71, a two-week high for the precious metal. A risk aversion tone dominated throug the week with the SPX (S&P 500 index which is often seen as a barometer […]