Archive for July, 2009
EUR/USD: Steady Moving In Ranges
By FXStreet -
The Dollar is calm across the board. In Wall Street results are mixed: the Dow Jones is down 0.1% and the Nasdaq rises 0.15%. EUR/USD is moving sideways in a small range between 1.4100 and 1.4125. Earlier the Euro rose to a two-week high at 1.4163 but failed to stay above and pulled [...]
New Zealand Dollar Tumbles as Fitch Downgrades Credit Outlook to a ‘Negative’ (Euro Open)
By Daily FX -
The New Zealand Dollar fell sharply late into the overnight session as credit rating agency Fitch downgraded the smaller antipode’s long-term credit rating to “negative” and warned the country could fall into a “low growth trap”. A slew of earnings reports from top companies including Carrefour and SAP are likely to guide [...]
The Most Profitable Forex Traders
By NoBrainerTrades -
The below list comprises a number of different observations of myself and others through experience working with traders of all shapes and sizes, and is equally relevant to all. Some of the information is rehashed and/or might sound cliche, but here it is:
They are experienced – Probably the most horrifying and worst myth [...]
AUD/USD Falls Below Old High But One More Step To Go…
By FXDD -
The AUDUSD has fallen back below the 0.8036 level which represented the high from July 7th. The pair has tested the 100 bar moving average at the 0.8013 level and will need to be broken to continue the downside correction. If broken the target will look toward the 0.7981 level which represented the [...]
Levelling Out the Forex Playing Field
By Forex District – Retail traders tend to be quite independent souls. We like to make our own decisions, hit the trigger or not hit the trigger; long or short; which pair today; what position size; what strategy; do our own homework. Being in charge of our own coin, having the latitude to make our [...]
EUR/USD Limit Sell at 1.4170
By Forex District – The pair is slightly higher but having a hard time above 1.4000. The Euro rose ahead of the German ZEW economic sentiment as risk appetite spurred demand for the currency and investors anticipated an advance in the index. However, the pair dropped around 30 pips as the data came in much [...]
EUR/USD and GBP/USD – Continued Weakness
By Back Bay FX – We have held a long-term bullish view on the USD since the Federal Reserve’s June 24 FOMC statement. Our view has been tested in the early days of July, but we remain convinced that EUR/USD and GBP/USD will fall.
Our reasoning stemmed from the FOMC statement and the actions of the [...]
Yen Outperforms Majors
By Forex District – The Dollar and the Yen advanced against higher yielding currencies as concerns mount over the quickness of the global economic recovery. Even as Government stimulus packages and enormous liquidity measures by Central Banks have been implemented, the economic slump is not expected to be followed by a sharp and sustained rebound [...]
Technical Analysis USD/JPY – July 13, 2009
By Forex District -
USD/JPY Open 92.40 High 93.18 Low 91.72 Close 92.52
On Friday Dollar/Yen continued descending. The currency couple made a peak at 93.18, than collapsed down to 92.02, closing the week higher at 92.52. The longer the pair stays under 92.50, each upward movement is considered as a normal correction, and our preferable short [...]
U.S. Dollar: the Good, the Bad and the Ugly
By Merk Investments -
Russian President Medvedev suggests the dollar is on its way out; Russian Finance minister Kudrin says there is no substitute for the dollar. The Chinese see a need to diversify out of the dollar; the Japanese say their trust in the dollar is unshakable. Let’s look at this puzzle and make some [...]
