Dec 29, 2011

Forex Crunch 5 Most Predictable Currency Pairs – Q1 2012

Forex Crunch 5 Most Predictable Currency Pairs – Q1 2012

5 Most Predictable Currency Pairs – Q1 2012

Posted: 29 Dec 2011 04:45 AM PST

Not all forex pairs were born equal. Some will slow down and then bounce back when they approach a distinct line of resistance or support. If momentum is strong, they will break these lines in a convincing manner without looking back. These pairs, that have a better tendency to follow technical rules, are the more predictable ones. Not all currency pairs are the same. 

The nature of currency pairs tends to shift over time. Some move up the list, while others lose their charm and move down and sometimes out of the list. This is due to many factors, that change. Here is a ranked list of the top 5, with characteristics of every one of them for Q1 2012. Let’s start.

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EUR/USD at 15 Month Low Following Italian Auction

Posted: 29 Dec 2011 03:58 AM PST

In the final days of 2011, EUR/USD dips into a new year to date low, reaching the lowest levels since September 2010.

The move came after another worrying Italian bond auction. Italy managed to raise 7 billion euros, and some of the yields were better than the last time, but it’s clear that this isn’t sustainable.

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Italian Debt Is Unsustainable – EUR/USD Extends Drops

Posted: 29 Dec 2011 03:02 AM PST

Italy’s bond auction is very worrying, that the ECB jumped in and bought Italian bonds immeidately after the auction. While there are some improvements from previous long term auctions, the bottom line is that the burden of debt continues growing, while the economy is heading in the other direction.

This is unsustainable. EUR/USD drops and aims for a new year-to-date low. Update: EUR/USD broke to a new YTD low, at 1.2867 at the time of writing.

Read the rest of the article Italian Debt Is Unsustainable – EUR/USD Extends Drops

Gold Is NOT A Safe-haven; Now Headed Below $1530

Posted: 29 Dec 2011 01:40 AM PST

Commodities are trading lower this week, while the US dollar is rising sharply after a reversal lower of equities.  One of the very weak markets is also gold, which definitely does not have a status of a safe-haven at this point of time.

In fact, if we take a look on the intra-day sub-structure from 1641 high, then we can see some sharp bearish moves, which seems to be an impulsive pattern, but likely incomplete.

Read the rest of the article Gold Is NOT A Safe-haven; Now Headed Below $1530

EUR/USD Dec. 29 – Still Vulnerable After Crash, Eyeing YTD Low

Posted: 29 Dec 2011 01:29 AM PST

Euro dollar finally ended its consolidation and dropped sharply on fresh worries about a downgrade, the state of European banks and end-of-year flows. The pair is close to the year-to-date low. Will it set a new one in the last moment? Today we have quite a few US figures and another Italian bond auction.

Here's an update on technicals, fundamentals and what's going on in the markets.

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Forex Daily Outlook December 29 2011

Posted: 28 Dec 2011 02:00 PM PST

Unemployment Claims in the US and M3 Money Supply in Europe are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, weekly report for the new unemployment insurance, due to rise from 364K up to 372K.

Read the rest of the article Forex Daily Outlook December 29 2011

EUR/USD Dives to Fresh 11 Month Low – 6 Possible Reasons

Posted: 28 Dec 2011 08:43 AM PST

After very tight range trading, the hammer fell on EUR/USD: the pair made a sharp drop and eventually lost the 1.2945 line which was the previous trough seen in mid December.

The pair is now again in levels last seen in mid January. Update: Now 6 reasons are cited for this fall.

Read the rest of the article EUR/USD Dives to Fresh 11 Month Low – 6 Possible Reasons

EUR/USD: Trading the US Unemployment Claims

Posted: 28 Dec 2011 05:18 AM PST

The US Unemployment Claims indicator is published weekly, and measures the number of people filing for unemployment for the first time during the previous week. An increase in unemployment claims leads to less consumer spending and impacts on economic growth. A reading which is higher than the market forecast is bearish for the dollar.

Here are all the details, and 5 possible outcomes for EUR/USD.

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