Sep 6, 2011

Forex Crunch EUR/USD Sep 6 – Swiss Sugar Rush Fades Away

Forex Crunch EUR/USD Sep 6 – Swiss Sugar Rush Fades Away

EUR/USD Sep 6 – Swiss Sugar Rush Fades Away

Posted: 06 Sep 2011 04:49 AM PDT

Euro dollar was saved from the abyss by the super strong Swiss move to hold EUR/CHF above 1.20. But this effect is fading away as the reality of the debt crisis resumes its weight on the pair.

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

Read the rest of the article EUR/USD Sep 6 – Swiss Sugar Rush Fades Away

USD/CHF: A daily close above 0.85 calls for 0.9

Posted: 06 Sep 2011 04:40 AM PDT

The Swiss franc moved lower across the board significantly this morning after Swiss Central Bank intervention.

Always when you see move like this you need to make a step back and look at the larger time frames, to see where the price stands and where is it headed.

Read the rest of the article USD/CHF: A daily close above 0.85 calls for 0.9

AUD/USD: Trading the Australian GDP

Posted: 06 Sep 2011 04:30 AM PDT

Gross Domestic Product (GDP) is a measurement of the production and growth of the economy. It is considered by analysts as one the most important indicators of economic activity. Thus, publication of Australian GDP may have a significant impact on AUD/USD.

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

Read the rest of the article AUD/USD: Trading the Australian GDP

Taking the Profit

Posted: 06 Sep 2011 03:45 AM PDT

When the trade is going in your favor, what do you do? Do you wait until the pair hits your Take Profit goal? Extend the band? Or just take the profits and call it a day?

1) Sticking by the original plan has its advantages. First, you take no additional action that can trigger even more additional action afterwards. Changing your Stop Loss and Take Profit orders consumes time, adds to the pressure and most importantly: you’ll lose the lesson.

Read the rest of the article Taking the Profit

EUR/USD Saved from Abyss On Swiss Move

Posted: 06 Sep 2011 01:55 AM PDT

The Swiss National Bank made a powerful move to peg the euro to the Swiss. EUR/USD couldn’t stay on the sidelines and leaped just as low critical support was about to be challenged. 

The SNB announced a minimum exchange rate for EUR/CHF: 1.20. This sent EUR/UCF immediately from around 1.10 to above 1.2150 and now still above 1.20. As the Swiss authorities are targeting the euro, which is psychically all around them, the common currency was saved from falling below the long term range against the dollar.

Read the rest of the article EUR/USD Saved from Abyss On Swiss Move

The desperate rush to avoid risk

Posted: 06 Sep 2011 01:32 AM PDT

The apparent urge to reduce risk which has been so apparent over recent weeks shows absolutely no sign of ending any time soon, judging by market developments over recent days. Friday's truly terrible US payrolls figures, Europe's slow-motion sovereign debt train crash, and a growing sense of inevitability that most of the world's largest economies will soon be back in recession have further perpetuated this intolerance for risk, which in turn has provided safe haven currencies like the Swiss franc, Japanese yen and US dollar with some further impetus, and given safe haven assets like gold and bonds another lift. Both gold and bonds are in unchartered waters, the former reaching a new record high of $1,921 overnight.

Similarly, in the three major bond markets, yields have never been this low. US 10yr treasury and German 10yr Bund yields are well below 2.0% and 10yr Gilt yields are now at just 2.29%. These gains in bonds are not simply a risk reduction reflex – there is a genuine probability that major central banks such as the Fed and the BOE will soon need to implement measures to prevent their economies from sliding back into recession, such as quantitative easing or twist operations (which would require further purchases of long term securities). In contrast, the mood in equity markets continues to darken. For the quarter-to-date, the UK market is down by 14%, while across the pond the S&P 500 has lost 11% (it was closed yesterday on a day of heavy losses).

Read the rest of the article The desperate rush to avoid risk

USD/CHF Outlook – September 5-9

Posted: 05 Sep 2011 02:24 PM PDT

With the Swiss franc looking as if it was slowly beginning to lose its safe haven status towards the end of last week, the USD/CHF was bearish this week.  

The upcoming week consists of 2 important indicators. Here is an outlook for these indicators, and an updated technical analysis for USD/CHF.

Read the rest of the article USD/CHF Outlook – September 5-9

Forex Daily Outlook – September 6 2011

Posted: 05 Sep 2011 02:00 PM PDT

ISM Non-Manufacturing PMI in the US and Halifax HPI in the UK are the main events lined up.  Let’s see what awaits us today.

In the US, ISM Non-Manufacturing Purchasing Managers’ Index (PMI); measurement of the relative level of business conditions based on a monthly survey, slightly reduced from the last month to 51.3 points from 52.7 points.

Read the rest of the article Forex Daily Outlook – September 6 2011

EUR/USD: Trading the US ISM Non-Manufacturing PMI

Posted: 05 Sep 2011 08:40 AM PDT

The Non-Manufacturing PMI (purchasing managers' index) is an important leading indicator which focuses on the non-manufacturing sector of the economy. As the PMI comes out at the beginning of each month, traders look closely at the index for any hint of a market trend.

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

Read the rest of the article EUR/USD: Trading the US ISM Non-Manufacturing PMI

EUR/USD Free Falling on Debt Crisis Complications

Posted: 05 Sep 2011 08:10 AM PDT

EUR/USD continues to dig lower and is getting close to the round 1.40 level. Will it break below the long term range? The reasons for the current fall are quite wide. 7 Reasons for the downfall.

Euro/dollar doesn’t take a vacation on Labor Day. The thin volume just exacerbates the situation.

Read the rest of the article EUR/USD Free Falling on Debt Crisis Complications
posted by

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)