| Forex Notes On “Commodity” Currencies In The AUD/USD, NZD/USD, USD/CAD Posted: 16 Apr 2011 07:13 AM PDT The Aussie (AUD), Kiwi (NZD), and Loonie (CAD) have been in a perma-bull market since the end of 2008 and show no sign of stopping yet. Rising "commodity" prices in gold and oil have helped boost these positively correlated currencies against the USD. If this dynamic continues in Q2 2011, what are the short-term and medium-term targets for the AUD/USD, NZD/USD and USD/CAD pairs?
AUD/USD
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| The City That Outsourced Everything Posted: 16 Apr 2011 06:20 AM PDT From Reason.tv: “While cities across the country are cutting services, raising taxes and contemplating bankruptcy, something extraordinary is happening in a suburban community just north of Atlanta, Georgia. Since incorporating in 2005, Sandy Springs has improved its services, invested tens of millions of dollars in infrastructure and kept taxes flat. And get this: Sandy Springs has no long-term liabilities. This is the story of Sandy Springs, Georgia—the city that outsourced … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| AUD/NZD Technical Analysis For The Week Of April 18, 2011 Posted: 16 Apr 2011 05:40 AM PDT By ForexMansion.com
AUD/NZD fell hard this week, and is sitting right at a support level in the form of 1.3200, which has held for the moment. However, this candle is closed right at the lows, and that will make bulls very nervous about buying. The trend is still up, so sooner or later you should get a buying opportunity. However, at the moment the momentum is certainly with the sellers. Originally posted here
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| EUR/CHF Technical Analysis For The Week Of April 18, 2011 Posted: 16 Apr 2011 05:40 AM PDT By ForexMansion.com
EUR/CHF had a bearish week and is looking to break through the 1.29 for good. If it does – we are heading towards the lows and maybe beyond. Remember, this pair is in a massive downtrend, and the recent bullish movement hasn't changed that at all. In order to get bullish – we need to see a 1.33 print. Originally posted here
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| GBP/USD Technical Analysis For The Week Of April 18, 2011 Posted: 16 Apr 2011 05:38 AM PDT By ForexMansion.com
GBP/ USD had a slightly bearish week this week, but still looks good over the long run. Look to find support back down by the 1.60 area, a favorite of traders recently. A break above 1.65 would also be very bullish as well. A break below 1.60 signals more selling to come. It should be noted that the pair is biased to the upside at the moment. Originally posted here
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| GBP/JPY Technical Analysis For The Week Of April 18, 2011 Posted: 16 Apr 2011 05:37 AM PDT By ForexMansion.com
GBP/JPY fell hard this week, erasing last week's gains. The central banks are below, so selling is always going to be somewhat risky. The 135 level seems to be somewhat key for the bullish traders out there. Look to see how this level does, and if it holds. Even if it doesn't hold, the pair has several minor support areas as well as the major ones at 1.30 and 1.25 below. Selling can't be done; buying is done after proven support. Originally posted here
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| USD/CHF Technical Analysis For The Week Of April 18, 2011 Posted: 16 Apr 2011 05:33 AM PDT By ForexMansion.com
USD/CHF is currently sitting right at the all-time lows and has even closed the week at the bottom of the range. Because of this, a break down looks immanent, and should see the Franc continue to gain strength over the USD. Looking to sell rallies has been the way to go, and should continue to be. Originally posted here
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| NZD/USD Technical Analysis For The Week Of April 18, 2011 Posted: 16 Apr 2011 05:32 AM PDT By ForexMansion.com
NZD/USD continues to defy gravity on both the daily and weekly charts. The 0.80 level is currently being tested, and if the recent past is any indication – should give way sooner or later. However, if you buy now, you are chasing the trade – a great way to lose money. By waiting for pullbacks, you can get this pair at a discount. Selling isn't advised at all. Originally posted here
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| AUD/NZD Technical Analysis For April 18, 2011 Posted: 16 Apr 2011 05:31 AM PDT By ForexMansion.com
AUD/NZD fell again today, and not surprising if you think about how the NZD has been doing in general. Because it doesn't want to fall – it won't lose value against the AUD. This pair is continuing a grind downward – but this move is countertrend. Before it is all said and done – there should be a buying opportunity. We just aren't seeing it yet. Originally posted here
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| USD/CAD Technical Analysis For April 18, 2011 Posted: 16 Apr 2011 05:30 AM PDT By ForexMansion.com
USD/CAD tried to rally today, but fell short as it ended up printing a shooting star. This bodes well for the sellers as it looks like the 0.97 level is holding firm for the sellers. This points to lower prices as the Loonie continues its dominance in North America. Buying simply cannot be done as this pair is in a strong down trend. Originally posted here
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| EUR/JPY Technical Analysis For April 18, 2011 Posted: 16 Apr 2011 05:29 AM PDT By ForexMansion.com
EUR/JPY had a bearish day today, but stopped just short of breaking below the hammer from Thursday. It still looks like it is trying to find support, but the buyers haven't taken control yet. The sellers will have to watch out for the central banks, and will be very cautious. The bulls are looking more long-term, and should prevail over the long term. Originally posted here
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| USD/JPY Technical Analysis For The Week Of April 18, 2011 Posted: 16 Apr 2011 05:27 AM PDT By ForexMansion.com
USD/JPY had a bearish week, pulling back some of those gains due to central bank intervention and the mass covering that an event like that causes. However – it is still above the important 80 mark and looks like the buyers could be stepping in here pretty soon. Selling isn't possibly as the central banks will get involved somewhere below here if they have to. Look for signs of strength and buy when it shows support. Originally posted here
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| GBP/CHF Technical Analysis For April 18, 2011 Posted: 16 Apr 2011 05:27 AM PDT By ForexMansion.com
GBP/CHF fell today, testing the bottom of the recent hammer shaped bars. The level held though, but looks like it will seriously be tested soon. If we break below the 1.45 level, we could see a push below to 1.40 or farther as the trend is certainly down in this pair. Buying isn't advised at the moment because of the risk of a sudden move. Originally posted here
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| USD/CHF Technical Analysis For April 18, 2011 Posted: 16 Apr 2011 05:24 AM PDT By ForexMansion.com
USD/CHF is currently sitting right at the all-time lows. This pair looks very weak, but managed a virtually unchanged day today despite all of this. Sellers are looking for a rally to fade or possibly new lows to signal more selling. Buyers are non-existent. This is a "sell on the rallies" pair. Originally posted here
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| EUR/GBP Technical Analysis For The Week Of April 18, 2011 Posted: 16 Apr 2011 05:23 AM PDT By ForexMansion.com
EUR/GBP formed a shooting star this week, after forming a hammer last week. Because of this, it looks very confused at the moment, and a break above or below needs to happen in order to determine direction before you get involved. Next week could be telling. Originally posted here
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| GBP/CHF Technical Analysis For The Week Of April 18, 2011 Posted: 16 Apr 2011 05:21 AM PDT By ForexMansion.com
GBP/CHF fell this week, after being set up last week by a shooting star. The pair has been in a major down trend, as this trading community looks to Switzerland for safety in uncertain times. The 1.45 level is important, but it looks like we are going to test it, and fast. The break down from there could be strong, as there is no real support to be found once we break the lows. We are going to be in uncharted waters at that point. Buying isn't … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| BofA Disappoints Again Posted: 16 Apr 2011 05:05 AM PDT Bank of America Corporation's (NYSE:BAC) first quarter 2011 earnings came in at 17 cents per share, way below the Zacks Consensus Estimate of 27 cents. This also compares unfavorably with earnings of 28 cents in the prior-year quarter.
Lower credit costs, gains from equity investments, and higher asset management and investment banking fees were among the positives. Even U.S. credit card continued to show improvements. However, these positives were primarily marred by a lower top line and higher … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| GBP/JPY Technical Analysis For April 18, 2011 Posted: 16 Apr 2011 02:34 AM PDT By ForexMansion.com
GBP/JPY fell hard today, testing the bottom of yesterday's hammer. The level held though, and is trying to be supportive. The close was at the very low, and looks ominous. A break below this level could get the market into a selling mode. However, there are several central banks waiting below. As such – selling is hard to do at this point.
Originally posted here
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| GBP/JPY Technical Analysis For April 18, 2011 Posted: 16 Apr 2011 02:34 AM PDT By ForexMansion.com
GBP/JPY fell hard today, testing the bottom of yesterday's hammer. The level held though, and is trying to be supportive. The close was at the very low, and looks ominous. A break below this level could get the market into a selling mode. However, there are several central banks waiting below. As such – selling is hard to do at this point.
Originally posted here
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| USD/JPY Technical Analysis For April 18, 2011 Posted: 16 Apr 2011 01:14 AM PDT By ForexMansion.com
USD/JPY had a bearish day today, but stopped just short of breaking below the hammer printed the day before. Because of this, it still looks like it is trying to find support, but isn't convinced yet. The bears will have to watch out for the central banks, and as such should only have a limited amount of time to run. The bulls are looking more long-term, and should prevail – sooner or later. Originally posted here
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| USD/CAD Technical Analysis For The Week Of April 18, 2011 Posted: 16 Apr 2011 01:06 AM PDT By ForexMansion.com
USD/CAD barely moved by the end of the week. Because of this, it looks more and more like the recent bearish momentum is going to stick. Selling is preferred, especially around the 0.97 handle. A break of the lows gets more sellers involved. A bounce could happen – but will only encourage more sellers to step in and push it back down. Originally posted here
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| EUR/CHF Technical Analysis For April 18, 2011 Posted: 16 Apr 2011 12:45 AM PDT By ForexMansion.com
EUR/CHF had a bearish day today stopping just above the low of the hammer from Thursday. It looks like the pair is trying to prevent its own fall – but is struggling. The 1.27 area looks like it might be supportive. Another day or two of observation might be needed before we settle this next move's direction. Originally posted here
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| NZD/USD Technical Analysis For April 18, 2011 Posted: 16 Apr 2011 12:24 AM PDT By ForexMansion.com
NZD/USD continues to defy gravity as it has been a straight shot up for a few weeks now. However, if you are not in the pair – there is no real entry as you are simply chasing the trade. 0.80 served as resistance on Friday – but this pair continues to amaze and could go even higher. A strong pullback is needed for new buyers. Selling just isn't happening right now. Originally posted here
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