The Wild Card - page 4
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Dollar Falls on Fed Official's Rate Comments And The Wild Card Gold 19 Nov 2009
Dollar Falls on Fed Official's Rate Comments And The Wild Card Gold 19 Nov 2009
Thursday, 19 Nov 2009
Dollar Falls on Fed Official's Rate Comments
The EUR advanced on the U.S dollar Wednesday, but failed to reach the $1.50 mark as investors zeroed in on a Fed official's comment suggesting key interest rates could remain low until 2012. Federal Reserve officials were quoted saying that the Fed could keep short-term fed funds rates at near-zero until early 2012. The ultra-low rates weigh on the U.S dollar, as investors use the buck to fund investments in higher-yielding assets.
The Wild Card
Gold
Gold prices rose significantly in the last month and peaked at $1141.25 for an ounce. However, the daily chart's RSI is floating in an overbought territory suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. This might be a good opportunity for forex traders to enter the trend at a very early stage.
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Gold Continues to Climb And The Wild Card EUR/GBP 23 Nov 2009
Gold Continues to Climb And The Wild Card EUR/GBP 23 Nov 2009
While all the major currencies continue to provide mix results, there is still one extremely strong in the market - the bullish Gold. During last night gold reached over$1,163 an ounce, making another all time high. However, a recovery of the Dollar, if indeed takes place, has the potential to put an end to Gold's uptrend.
The Wild Card
EUR/GBP
There is a very accurate bullish channel forming on the 4 hour chart, as the pair has consecutively appreciated for the past 4 days. Currently, as the RSI on the daily chart is floating above the 50 line and the Slow Stochastic is pointing up, the pair might extend its bullish trend. This might be a great opportunity for forex traders to join a very popular trend.
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Technical analysis 04/12/09 of fxcbs
This is the fundamental analysis and technical daily and provided by specialists and analysts from the company FXCBS
Previous session overview
Major currencies traded within a narrow range against the U.S. dollar during the Asian section, the dollar index traded between the highest price at 74.82 and lowest price at 74.74, the euro against the dollar traded in a narrow range between the lowest price at 1.50367 and the highest price at 1.50909, the pair now trade at level 1.50639 ,sterling against the dollar also traded in a narrow range between the lowest price at 1.65223 and the highest price at 1.66449, the pair now trade at level 1.6526 ,the dollar against the yen traded between the highest price at 88.418 and the lowest price at 87.993, the pair now trade at levels of 88.220.
Today we are waiting to read the issuance of orders factories, and Unemployment rates for the month of November from the U.S economics, and then we will wait for Non-Farm Employment Change.
Market Expectations
EUR/USD
The pair Euro against the U.S. dollar returned yesterday to test the support level at 1.50350 , and make a correction to the level of 61.8% Fibonacci ,we expect an upward trend for today aimed the level of 1.51800, this expectation need stability of trading above 1.50350 and break through the resistance level 1.51000
GBP/USD
We expected that the sterling against the U.S. dollar rise to achieve the goals at1.68500 and then to the level 1.69150, all of those expectations need stability of trading above 1.66430 and close four hours candle above this level with the possibility of some volatility for the price at that level.
USD/ JPY
The dollar continues gains against the Yen, we expected the trend will stay up for the pair During the day, this expectations requires essentially a constant of level at 87.500, then we can wait for more more substantive goals at 89.120.
Ali Hasan / Senior Analyst /FXCBS
technical analysis of the day 07/12/09 of FXCBS
Previous session overview
The euro against the dollar rose during the period of Asian to achieve at the highest price 1.49040, the pair now trading at the level 1.47967, while we are waiting for the day the Sentix Investor confidence from the European economy.
The pair Sterling against the U.S dollar achieves the highest price at 1.65153 during the Asian session, the pair now trading the price 1.63552.While the U.S dollar against the Japanese Yen was fall at the Asian session and achieves the lowest price at 89.696 , the pair trading now at the level 89.991.
Market Expectations
EUR/USD :
The EURO against the U.S. dollar was down at the end of trading on Friday at the end of last week after a vulnerability in some of the statements issued by the United States economy and achieve the lowest price at 1.48182, we expected that the pair will continues his down side to achieve a new goal at 1.47350 then the pair will make a correction to the level 1.49250, the Stochastic index supports our expectations.
GBP/USD :
We expected sterling against the U.S. dollar pair will drop today to the aim 1.62930 after that we expected that the pair will make a correction movement to the level 61.8% Fibonacci at the price 1.64400.
USD/JPY :
The U.S dollar against Japanese Yen achieve raising at the end of the trading last week to the level 90.700 , we expected today that the pair will make correction to the level 61.8% Fibonacci at the price 89.120 but we expected before that happen the pair will Affected in some volatility.
Technical analysis 08/12/09 of FXCBS
Previous session overview
The euro against the dollar traded in a narrow range during the Asian session and achieves the lowest price at 1.47819 and the highest price at 1.48671, the pair now trading at the levels of 1.48194.
Sterling fell against the dollar during the Asian session and achieves the lowest price at the level 1.63260, the pair now trading at the level 1.63696.
The dollar fell against the yen during the Asian session after the issued of the economic data there; the pair achieves the lowest at the level 88.762 and the highest at the level 89.506, trading at this time between the level 89.250 and 88.980.
Market Expectations
EUR/USD :
Today we expect that the pair Euro against the U.S dollar will drop down to the level 1.47350 then 1.46650 , this expectations need stability of trading below the broken support areas at the level 1.49040 and requires 1.49040 to remain intact and come in below it in the four hour closing.
GBP/USD :
We expect that the pair starling against U.S dollar will drop down to the level 1.62970 then to the level 1.62300 , all of that will happen after the pair finish its correction which was started last day and arrive to the level 1.64400.
USD/JPY :
We expect the dollar against the yen to rise today after he completed its corrective which was started yesterday and we expect that those rising will arrive to the level 91.250 and that requires Constant of trading over the level 88.550.Ali Hasan / Senior Analyst /FXCBS
Technical analysis 09/12/09 of FXCBS
The pair Euro against the U.S dollar rose during the Asian session and achieves the highest price at 1.47350 with the lowest price at 1.46680, at this time the pair trading around the level 1.4719.
Sterling also rose against the dollar during the Asian session; achieve the highest price at 1.62880 with the lowest price at 1.61669, the pair now trading near the level 1.61956.
Finally the pair Dollar against the yen was trading in a narrow range as the pair traded between the lowest price at 87.784 and the highest price at 88.692, the pair trading at this time around the level 87.879.
Market Expectations
EUR/USD :
The pair Euro against the U.S dollar passed the support point 1.47350 yesterday and brought down to level 1.46680 , we expect today the pair will continues its down side to the level 1.46100with reference to the possibility to make corrective before continues his down side as shown by stochastic indicators.
GBP/USD :
The sterling against the U.S dollar achieve our goal yesterday to the points 1.62300 , we expect today that the pair will continues the falling to the level 1.61350 then to the level 1.60000 , With reference to the possibility of corrective before that as shown by stochastic indicator.
USD/JPY :
The U.S. dollar against Japanese yen Affected by some volatility as the trading pair is confined between the level of 88.180 and 88.690 level we expect today that the pair will rise if the four hours candle close above the level 88.550
Ali Hasan / Senior Analyst /FXCBS