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Forex News And Analysis |
Candlestick Daily: EUR/USD Hanging Near Stop, 1.2650 Next Support if Broken
CURRENCY CURRENT BIAS POTENTIAL STRATEGY EUR/USD (Short Term) Trade in progress: Long EUR/USD from 1.2744, stop at 1.2679, target at 1.2810. See full report for more details. GBP/USD (Short Term) Dropping sharply, looking for brief bounces toward 1.5900 as selling opportunities. USD/JPY (Short Term) Consolidating near the top of the recent 79.55-80.40 range. See full [...]
UK Labor Markets Resilient
UK unemployment surprised to the upside with claimant count dropping by -13,700 versus forecasts of 4,900 gain. The unemployment rate dropped to 8.2% from 8.3% the month prior. This was the fastest pace of job growth in nine months indicating that UK labor markets remain relatively buoyant despite broader economic slowdown in UK. Commentary from [...]
Euro breakup would traumatize U.S.-Fed’s Bullard
LOUISVILLE, Ky., May 16 (Reuters) – While a breakup of the euro zone would be devastating for the United States and for the world economy, the appeal of trade and currency ties will hold the currency… Reuters: US Dollar Report forex news
Is EUR/USD Prime For Short Covering Rally?
The selloff in risk FX continued in overnight European trade with EUR/USD plumbing fresh lows below the 1.2700 figure while cable dropped through the 1.5900 barrier in the wake of a dovish BOE inflation report. In Europe, authorities continued to navigate the Greek crisis with German Chancellor Angela Merkel reaffirming her support for Greece to [...]
CAD/JPY Long Opportunity at 78.48
A number of factors suggest that the CAD/JPY could rally at 78.48. Commentary from Brad Gareiss and Matt Weller, Technical Analysts, GFT latest forex news
EMERGING MARKETS-Latam currencies fall on Greece, real tests 2/dlr
SAO PAULO, May 14 (Reuters) – Latin American currencies weakened on Tuesday, Brazil’s real testing 2 per dollar for the second straight session, as Greece headed to new elections that could harden… Reuters: US Dollar Report forex news
INTRA-DAY GBP/USD OUTLOOK
INTRA-DAY GBP/USD OUTLOOK Although cable’s present retreat after staginga minor recovery fm Asian low at 1.6087 to 1.6114suggests choppy trading inside y’day’s range of 1.6051-1.6124 is seen, below 1.6087 is needed to bringpossible re-test of said lower lvl later. Stand aside n hold short for day trade as onlyabv 1.6124/30 wud signal a [...]
Friday was a surprisingly range bound day
S&P 500 (Jun 12) INTRADAY Review We had another short strategy on Friday looking to play the top of the week’s range. The strategy idea was spot on although our entry level in the end was too aggressive as the S&P moved up through 1355.50 following the best University of Michigan consumer sentiment data release [...]
FOREX-Euro slips to near 4-month trough on Greece
* Euro falls, approaches 4-month low vs dollar * Political risk factors undermining euro * Aussie dips below parity vs USD, hits 5-month low NEW YORK, May 14 (Reuters) – The euro… Reuters: US Dollar Report forex news
Classic Technicals: The Week Ahead, May 14 – 19 2012
A weekly preview into what this week’s price action might bring for 7 major currency pairs Commentary from Brad Gareiss and Matt Weller, Technical Analysts, GFT latest forex news
Risk FX Under Stress as Chinese Growth Slows
Weak Chinese economic data and a massive unexpected loss from JP Morgan kept risk FX under pressure in Asian and early European trade with EUR/USD coming within a few points of the 1.2900 barrier while Aussie drifted lower towards parity. JP Morgan reported a trading loss of more than -2 Billion dollars in credit derivatives [...]
Hopes of Greek Government Spur Short Covering Rally in Euro
After plumbing fresh lows in Asian session trade risk FX bounced in midmorning European dealing on speculation that Greece may cobble together a working coalition government without resorting to another Parliamentary election. Earlier in the session weak Chinese economic data and a massive unexpected loss from JP Morgan kept risk FX under pressure with EUR/USD [...]
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