Wednesday, September 08, 2010

Posts Tagged ‘Forex’

Australian Dollar US Dollar Exchange Rate Forecast

Last Updated on Wednesday, 8 September 2010 12:46 Written by Ngọc Ánh Wednesday, 8 September 2010 12:46

Australian Dollar / US Dollar Monthly Technical Forecast Monthly Chart Prepared by Joel Kruger Although the market has been very well bid over the past several months, with the latest rally opening yet another move beyond critical psychological barriers by 0.9000, longer-term studies show the price trading near its cyclical highs, with any rallies in previous years up into current levels very well capped ahead of some major declines. A closer look at the major moving... Detailt »»

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Euro US Dollar Exchange Rate Forecast

Last Updated on Wednesday, 8 September 2010 12:46 Written by Ngôi Sao Wednesday, 8 September 2010 12:46

Euro / US Dollar Monthly Technical Forecast Monthly Chart Prepared by Joel Kruger The overall trend remains intensely bearish and we are now looking for the formation of a fresh medium-term lower top just over 1.3300 to be confirmed on an eventual break back below the 2010 lows by 1.1880 further down. Any rallies towards 1.3000 should be aggressively sold, with only a break back above 1.3335 to negate structure and give reason for rethink. Euro / US Dollar Interest... Detailt »»

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New Zealand Dollar US Dollar Exchange Rate Forecast

Last Updated on Wednesday, 8 September 2010 12:46 Written by admin Wednesday, 8 September 2010 12:46

New Zealand Dollar / US Dollar Monthly Technical Forecast Monthly Chart Prepared by Joel Kruger Currently locked in multi-month consolidation with a good portion of the price action largely confined to the 0.7000-0.7300 area. This consolidation follows a major corrective upside move from just under 0.5000 and we contend that the market is on the verge of ending the current consolidation ahead of the next major downside extension back below 0.6500 and towards 0.5000 over the... Detailt »»

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Forex Technical and Fundamental Forecasts for September

Last Updated on Wednesday, 8 September 2010 12:46 Written by Phương Thùy Wednesday, 8 September 2010 12:46

EURUSD: Euro US Dollar Exchange Rate Forecast USDJPY: US Dollar Japanese Yen Exchange Rate Forecast GBPUSD: British Pound US Dollar Exchange Rate Forecast USDCHF: US Dollar Swiss Franc Exchange Rate Forecast USDCAD: US Dollar Canadian Dollar Exchange Rate Forecast AUDUSD: Australian Dollar US Dollar Exchange Rate Forecast NZDUSD: New Zealand Dollar US Dollar Exchange Rate Forecast Our Forex Monthly Technical and Fundamental Outlook report examines long-term forecasts for... Detailt »»

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U.S. Dollar Loses Ground Ahead of Fed Beige Book

Last Updated on Wednesday, 8 September 2010 12:46 Written by admin Wednesday, 8 September 2010 12:46

The greenback weakened across the board, with the EUR/USD paring the sharp decline from the previous day to reach a high of 1.2732 during the overnight trade, and the reserve currency is likely to face increased volatility throughout the day as the Federal Reserve is scheduled to release its Beige Book Economic report at 18:00 GMT. Talking Points Japanese Yen: Mixed Amongst Majors Pound: Home Prices Unexpectedly Rise for Second Month Euro: German Trade Surplus Narrows in July... Detailt »»

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USDJPY: Stay Flat, Looking For Buying Opportunities

Last Updated on Wednesday, 8 September 2010 12:46 Written by Mai Chi Wednesday, 8 September 2010 12:46

USDJPY positioning has been little changed in recent weeks despite a drop to 15-year lows, with the pair consolidating above the bottom of a falling channel established from April. The boundary doubles as the lower portion of a Falling Wedge bullish reversal pattern. Positive RSI divergence reinforces the case for an upward scenario. Our fundamental outlook continues to call for a bullish bias and we will look for a daily close above the wedge top (now at 84.44) to position for buying opportunities,... Detailt »»

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British Pound Rallies Against the U.S. Dollar Ahead of the BoE Interest Rate Decision

Last Updated on Wednesday, 8 September 2010 12:46 Written by admin Wednesday, 8 September 2010 12:46

All major currencies were up against the U.S. dollar overnight, with the British pound leading the way, climbing some 0.71 percent ahead of the Bank of England interest rate decision.                  Fundamental Headlines • Global-Bank Deal Targets Reserves – Wall Street Journal • Yen Extends Climb Against Dollar – Wall Street Journal • Eurozone Worries Linger Over Markets... Detailt »»

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Japanese Yen Outperforms, Further Gains Ahead as Risk Aversion Persists

Last Updated on Wednesday, 8 September 2010 09:27 Written by admin Wednesday, 8 September 2010 09:27

The Japanese Yen outperformed in overnight trade , rising on safety demand as stocks slumped across Asian exchanges. More of the same is promised ahead as stock index futures tick lower, pointing to continued risk aversion. Key Overnight Developments Yen Bought as Asian Shares Decline on European Debt, Fed Beige Book Japanese Current Account Surplus Widens, Machine Orders Outperform Euro, British Pound Advance as US Dollar Retraces US Session Rally Critical Levels... Detailt »»

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Crude Oil Gets Boost From Refinery Explosion, Gold Inches Toward All-Time Highs

Last Updated on Wednesday, 8 September 2010 09:27 Written by admin Wednesday, 8 September 2010 09:27

Without the usual government inventory report on Wednesday, crude oil will likely fluctuate on the usual suspects: equity market direction and the economic sentiment du jour. Gold will attempt to break the all-time highs, but a failure at these levels could lead to a substantial correction. Commodities – Energy Crude Oil Gets Boost From Refinery Explosion Crude Oil (WTI) - $ 73 . 66 // $0. 43 // 0. 58 % Commentary: Crude oil kicked off the new, holiday-shortened... Detailt »»

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Gold Marks a Record High Close and Crude Retreats as Risk Appetite Retreats

Last Updated on Wednesday, 8 September 2010 03:31 Written by Phương Thùy Wednesday, 8 September 2010 03:31

After an extended holiday weekend for the US markets, speculators would return to an active market with a very clear vote on investor confidence – uncertainty and fear. For the benchmark risk and safe haven commodities, the impact was met with nuance. North American Commodity Update Commodities - Energy A Correction in Capital Markets Keeps Crude Under Wraps Crude Oil (LS Nymex) - $ 73.79 // -$ 0.51 // -0. 68 % US-based oil fell for the third consecutive active... Detailt »»

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