Archive for the ‘Forex Analysis’ Category
Euro flies on the success of the Bond Auction of Spain, the unemployed claim significantly improve
Euro flies on the success of the Bond Auction of Spain, the unemployed claim significantly improve
€ surges against the dollar today, successfully using the bond auction in Spain and France. Spain sold all 3b Treasury Bond € 15, also known as the demand is known, the total of EUR 7.722b offers must bid-to-cover ration of 1.79 compared to April. The average yield was 5.116% which was higher than sales from April to 4.434% level, but less than 5.20% on the secondary market prior to the auction. In both cases, the French Treasury has sold € 8.395b in short-term paper due in 2012, 2013 and 2015 placed just below the maximum for $ 8.5B available. It also sells EUR 1.77b paper indexed to inflation, due in 2019 and 2022. Markets as a solid result of stress relaxation and offers financing up to €. EUR / USD breaks 1.28 level for the recent rally resumed later with other European headquarters.
Market sentiments today were a little weak, slow in front of China’s GDP expected to grow to 10.3% compared to Q2 QoY, while industrial production has slowed more than expected last year from 13.7% on-year in June, but again the feelings the auction of bonds in Spanish as well as solid earnings report from JPMorgan. In addition, applications for unemployment benefits declined in the U.S. by more than 429K expected, which may take another elevator. Additional data from the United States was published PPI dropped -0.5% MOM, rose by 2.8% year on year in June with the mother PPI 0.1% 1.1% over the same month last year. Empire State Manufacturing Index was extremely poor, which has significantly decreased from 19.57 to 5.08 in July. Industrial production rose by 0.1% in June
USD/CHF Forex Analysis 24 june 2010
USD/CHF Forex Analysis 24 june 2010
Forex Analysis Price action for USD/CHF, a daily chart of which is shown, has consolidated right above key support in the important 1.1000 price region after bouncing up off this level on Monday. The past couple of weeks have been extremely bearish for this currency pair, as the Swiss franc has strengthened dramatically.
Currently, as of Thursday (6/24/2010) morning, USD/CHF is in a bearish holding pattern just above 1.1000. If price manages to breakdown below this key level, an important support target immediately to the downside resides around 1.0900, a significant prior support/resistance level. Slightly below this support target is a dynamic support uptrend line extending from the late November long-term low. If price soon makes a clear bounce up off current support, strong upside resistance resides in the significant 1.1250 price region. We are only share our analysis, of course the decision is in yours.
Using Fundamental Analysis for Forex Trading
Forex fundamental analysis is a fundamental strategy of trading widely used by online trader of forex. This 
strategy contains some estimations where the different basic criteria, except for the price movement, are taken into consideration during currency trading. The economic conditions in the currency native country along with a number of other factors are the obligatory elements of these criteria. Any fundamental part of the economy is included into the fundamental analysis. A decent forex fundamental analysis includes a number of macroeconomic factors like economic growth rates, interest rates, inflation, unemployment level and others. The market supply and demand coming from political and social powers is the aim of fundamental analysis
The fundamentals are the combination of certain plans, unpredictable behaviors and unforeseen events found out from the factors like interest rates and the policy of central bank and even natural disasters. That’s why it’s better to be aware of the affective contributors of all these factors than to all the fundamentals listed.
Below is fundamental elements of the economy:
- The business cycle
- Inflation
- Deflation
- Gross National Product (GNP)
- Indicatorsof the business cycle
- The business cycle’s effectin forex
- Monetary policy
- Tha activity of the Federal Reserve System (FRS)
Forex Analysis May 17th, 2010
Daily Forex Predictions and Analysis for May 17, 2010
EUR/USD
It is more likely to go down to around 1.2270, and after that, it might have potentially to go up to around 1.24.
(Current Price: 1.2356)
GBP/USD
It is more likely to go down to around 1.4450, and after that, it might have potentially to go up to around 1.46.
(Current Price: 1.4532)
AUD/USD
It is more likely to go down to around 0.88 or may be 0.8780, and after that, it might have potentially to go up to around 0.8870.
(Current Price: 0.8856)
USD/JPY
It is more likely to go down to around 91.70, and after that, it might have potentially to go up to around 92.60 or higher.
(Current Price: 92.32)
USD/CHF
It is more likely to go up to around 1.14, and after that, it might have potentially to go down to around 1.13.
(Current Price: 1.1333)
Dow Jones in Triple Digit Rally
NEW YORK — Stocks jumped Thursday, with the blue-chip Dow index surging more than 100 points, as investors 
reacted to a jump in Exxon Mobil earnings and easing concerns about the debt problems in Europe.
The Dow Jones industrial average (INDU) gained 113 points, or 1%, about 1 hour into the session. The S&P 500 index (SPX) added 15 points, or 1.2%. The Nasdaq composite (COMP) rose 25 points, or 1%.
Gains were broad based, with 26 of the 30 Dow components advancing. The tech sector got a boost after Hewlett-Packard (HPQ, Fortune 500) said late Wednesday it will buy struggling smartphone maker Palm (PALM) for $1.2 billion, although HP’s stock was down 0.8%.
“The market is enjoying one of the best earnings seasons in recent history,” said Art Hogan, chief market strategist at Jefferies & Co. “It’s more than enough to shift focus from Europe and shed concerns about their debt.”
On Tuesday, rating agency Standard and Poor’s downgraded the sovereign debt ratings of Greece to junk status and lowered Portugal’s investment grade status. But concerns about Greece have abated recently as European officials seem to be nearing agreement on a rescue package for the debt-stricken nation.
On Wednesday, the Dow rose back above 11,000 after the Federal Reserve left interest rates unchanged and said the economy is improving. The central bank’s pledge to keep interest rates low helped investors turn their focus away from the debt issues in Europe.
Forex Analysis – February 9, 2010
Forex Analysis – February 9, 2010
USDCHF Analysis.
Being contained by the upper border of the rising price channel on 4-hour chart, USDCHF pulls back from 1.0794, suggesting that a short term cycle top is being formed. Sideways movement is more likely be seen later today and bottom of the channel would be tested by the end of the sideways movement. However, as long as the channel support holds, the price action from 1.0794 is treated as consolidation of uptrend from 1.0132, one more rise towards 1.0900 is possible after consolidation.
EURUSD Analysis.
EURUSD bounces from the bottom of the falling price channel, suggesting that a short term cycle bottom is being formed at 1.3585 on 4-hour chart. Move towards the upper border of the channel is expected later today. However, the bounce from 1.3585 is more likely consolidation of downtrend from 1.4579, one more fall towards 1.3400 area is still possible after consolidation.
GBPUSD Analysis.
After touching the lower border of the falling price channel on 4-hour chart, GBPUSD bounces from 1.5534 level. A short term cycle bottom is being formed. Sideways movement could be seen later today. Resistance is at the top of the price channel. As long as the channel resistance holds, we’d expect downtrend to resume and another fall towards 1.5400-1.5500 area is still possible after consolidation.
USDCAD Analysis.
No changed in our view, USDCAD remains in uptrend from 1.0224 and the fall from 1.0779 is more likely consolidation of uptrend. One more rise towards 1.1200 area is expected after consolidation. Key support is now located at 1.0545, only fall below this level will indicate that the uptrend from 1.0224 has completed.
USDJPY Analysis.
After a sharp drop from 91.27, USDJPY traded in a narrow range above 88.57. However, the rang trading is treated as minor consolidation of downtrend from 93.75, as long as the channel resistance holds, one more fall towards 88.00 area is still possible after consolidation.
AUDUSD Analysis.
AUDUSD might be forming a short term cycle bottom at 0.8577 level on 4-hour chart. Bounce towards the falling trend line is expected in a couple of day, a clear break above the trend line resistance could conform the cycle bottom and indicate that the fall from 0.9327 has completed.