Mar 3, 2011

Forex Crunch EUR/USD Mar. 3 – Hesitant on High Ground

Forex Crunch EUR/USD Mar. 3 – Hesitant on High Ground

EUR/USD Mar. 3 – Hesitant on High Ground

Posted: 02 Mar 2011 10:42 PM PST

EUR/USD managed to settle on higher ground, but the break is very cautious. It’s a busy day with the ECB meeting and last hints for the Non-Farm Payrolls. Will it hold to these gains? Here's a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session:  Quiet session sees Euro/Dollar around 1.3860. Current

Forex Daily Outlook – March 3 2011

Posted: 02 Mar 2011 02:00 PM PST

Unemployment Claims in the US and ECB Press Conference in Europe are only some of the exciting news. .Let’s see what awaits us today. In the US, Unemployment Claims, individuals who filed for unemployment insurance for the first time during the past week; is about to reduce by 1K. important since consumer spending is highly

AUD/USD Mar.03–Aussie Up against US Dollar

Posted: 02 Mar 2011 12:22 PM PST

The Aussie was up against the Greenback Wednesday following fears of continued unrest in the Middle East, overshadowing positive US economic data. The Aussie was trading at 1.0162, up 0.34% as of this writing. Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie has risen steadily throughout the

The risk of an ECB about turn

Posted: 02 Mar 2011 08:11 AM PST

Quite a few parallels are being drawn between the current situation with food and energy prices and that being seen in 2008.  Food prices, looking in absolute but general terms (i.e. the Economist index) are now higher than was the case back then. Food price inflation isn't as high, but is certainly moving up. Guest

Greenback With Its Back Against the Wall

Posted: 02 Mar 2011 07:18 AM PST

The US dollar index is at the lowest level since the height of the financial crisis in November 2008. The chart below shows that the next support line isn’t too close. While USD/CHF  is at all time lows and precious metals are at record highs, the Euro is hesitating in joining this extreme dollar weakness.

EUR/USD Mar. 2 – Stuck at Support

Posted: 01 Mar 2011 11:49 PM PST

EUR/USD failed to break higher and fell back down to support, as risk to global growth looms. Will this support be lost? Here's a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session:  Quiet session sees Euro/Dollar slightly lower. Current range – 1.3760 – 1.3860. Further levels in both directions: Below 1.3760,

Forex Daily Outlook – March 2 2011

Posted: 01 Mar 2011 02:00 PM PST

Fed Chairman Bernanke continues to testify in Washington DC, ADP Non-Farm Payrolls will provide a hint towards the NFP and much more important events are due. Let’s see what awaits us today. In the US, Federal Reserve Chairman Ben Bernanke, due to testify on the semi-annual monetary policy report before the House Financial Services Committee,

AUD/USD Mar.02–Aussie down against US Dollar

Posted: 01 Mar 2011 12:20 PM PST

The Aussie was down against the Greenback Tuesday following confirmation data of an improving US economic recovery and an expected Interest rate decision by the RBA. Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie has been steadily dropping throughout the session, reaching a low of 1.0129 late

Gold is Approaching a New Breakout

Posted: 01 Mar 2011 07:29 AM PST

Now is the time to take advantage of the rising prices of Gold, if you haven't already. Gold futures (April contracts) have been in a rising trend line since the beginning of February. A break above 1420 would be very significant and would push prices ever closer to 1500. One of the best ways to
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