| Forex – USD/JPY Weekly Outlook: May 23-27 Posted: 22 May 2011 03:08 AM PDT Forex Pros – The U.S. dollar advanced to a three-week high against the yen last week before trimming gains after official data showed that Japan entered its third recession in a decade and Prime Minister Naoto Kan said he expects the central bank to maintain a flexible monetary policy. <br /><br />USD/JPY hit 82.23 on Thursday, the pair’s highest since April 28; the pair subsequently consolidated at 81.69 by close of trade on Friday, gaining 1.02% over the week.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| Forex – Weekly Outlook: May 23-27 Posted: 22 May 2011 01:44 AM PDT Forex Pros – Concerns over euro zone sovereign debt issues saw the euro fall sharply against the U.S. dollar on Friday, trimming the week’s gains after ratings agency Fitch downgraded Greece’s credit ratings by three notches.<br /><br />The single currency was already under pressure as fears that debt contagion would spread to Spain, the euro zone’s fourth largest economy, pushed up the country’s borrowing costs.<br /><br />The euro found support … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| State Bank Of Pakistan Holds Discount Rate At 14.00% Posted: 21 May 2011 07:15 PM PDT The State Bank of Pakistan held its discount rate unchanged at 14.00% as inflation pressures eased somewhat, and as the Bank waits to analyze next month’s annual government budget. The Bank noted: “The government is mindful of fiscal pressures and has expressed its resolve to address these issues, especially containment of the fiscal deficit. The budget for FY12 is expected to reflect this commitment,”. Pakistan reported annual inflation of 13.04% in April (with prices rising 1.62% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| USD/JPY Technical Analysis For May 23, 2011 Posted: 20 May 2011 04:54 PM PDT By ForexMansion.com
The USD/JPY barely moved on Friday, showing how under traded this pair is right now. However, there are central banks underneath willing to bid this pair up if it falls too much. Since this was the site of the largest portion of interventions last time, you can be assured the central bankers are definitely watching this pair. We expect choppy and tight ranges for the short-term, with a little bit of drifting in the market. Originally posted here
Read more about … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| USD/CHF Technical Analysis For May 23, 2011 Posted: 20 May 2011 04:53 PM PDT By ForexMansion.com
The USD/CHF has had another choppy day in the markets on Friday, but currently looks weak as the 0.88 level becomes a magnet for price lately. The trend is down, and the lows keep getting lower on shorter-term charts. The pair is considered the inverse of EUR/USD, and could get pushed higher if we see the EUR/USD meltdown. Of course, over time – the correlation should correct itself. The pair looks very weak for the time being though. As long as we are under the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| USD/CAD Technical Analysis For May 23, 2011 Posted: 20 May 2011 04:52 PM PDT By ForexMansion.com
The USD/CAD pair fell, and then rose later in Friday trading as the market began to fear issues in Europe. While this isn't necessary an indictment on the Canadian dollar, it was more a symptom of people simply wanting to buy the USD in general. The 0.97 area is still a massive cluster, and should be watched. For the time being, we can't help but notice how much trouble this pair has staying above it for any length of time. If we break higher, we will look to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| NZD/USD Technical Analysis For May 23, 2011 Posted: 20 May 2011 04:51 PM PDT By ForexMansion.com
The NZD/USD pair had a very bullish day on Friday, but fell short of breaking the 0.80 level, signaling that perhaps the range will continue. Because of this, we look to buy at 0.78, and sell at 0.80 until we break through one of those levels. It should be said that the overall trend is up, and buying is certainly safer. Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
About … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| GBP/USD Technical Analysis For May 23, 2011 Posted: 20 May 2011 04:41 PM PDT By ForexMansion.com
The GBP/USD pair ran in circles Friday, eventually finishing slightly up. The market looks very choppy, and although it has a bullish bias – this pair is simply too choppy to trade this pair for our liking right now. The pair will be more attractive for us to buy above the 1.64 area. Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
About ForexMansion.com: www.ForexMansion.com is a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| GBP/JPY Technical Analysis For May 23, 2011 Posted: 20 May 2011 04:40 PM PDT By ForexMansion.com
The GBP/JPY traded in a very tight range on Friday, eventually finishing as a doji. The market looks very stagnant as the rest of the world is trying to figure out if the financial markets are going to hold up. Because of this, we are waiting on another larger bullish candle to get long again. Shorting isn't advised as the central banks are waiting below. Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| GBP/CHF Technical Analysis For May 23, 2011 Posted: 20 May 2011 04:39 PM PDT By ForexMansion.com
The GBP/CHF traded in a very choppy range on Friday, eventually finishing as a slightly bearish doji. The market looks very weak, and the CHF is gaining against many other currencies. This market is still a sell only situation, and we look to sell either new lows or rallies as the trend is certainly down. Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
About … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| EUR/USD Technical Analysis For May 23, 2011 Posted: 20 May 2011 04:38 PM PDT By ForexMansion.com
The EUR/USD fell hard on Friday as the markets began to worry about the Greek debt issues again. This leads the market into the weekend thinking about various scenarios, and none of them good. Because of this, the pair fell back into the support "zone" between 1.40 and 1.42 areas. The market is still technically bullish until we break through the 1.40 area to the downside, but it is going to take real courage to go long at this point as the market is closing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| EUR/GBP Technical Analysis For May 23, 2011 Posted: 20 May 2011 04:34 PM PDT By ForexMansion.com
The EUR/GBP pair fell apart on Friday, and closed right at the lows. This shows that the trend may turn downward, and that the 0.87 level giving way could be a signal that it falls further. The Pound isn't exactly loved either, but the Euro is absolutely toxic at the moment. We look to sell any rallies in this pair for a while until we break back above the 0.90 level. Originally posted here
Read more about forex technical analysis, forex fundamental analysis … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| EUR/JPY Technical Analysis For May 23, 2011 Posted: 20 May 2011 04:33 PM PDT By ForexMansion.com
The EUR/JPY fell hard Friday, and looks ready to test the 115 level again. This area has been significantly important as it was the breakout point that the market burst from via central bank intervention. The pair looks lackluster, but with a bias to the upside because of those central banks. We are currently waiting to see 115 tested, and signs of support before we buy. We won't short. Originally posted here
Read more about forex technical analysis, forex … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| EUR/CHF Technical Analysis For May 23, 2011 Posted: 20 May 2011 04:30 PM PDT By ForexMansion.com
The EUR/CHF looks absolutely horrible. The pair tested the all-time lows at 1.24 late Friday, and only managed to bounce about 40 pips above it. While it didn't give way – this certainly shows that the floor is there, and if it gives way – we fall, and fall hard. Measuring the consolidation range, we could be falling as much as 800 pips if we break through. With all of the Euro weakness out there, and the fact that the Franc is a safe haven currency, it will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| AUD/USD Technical Analysis For May 23, 2011 Posted: 20 May 2011 04:29 PM PDT By ForexMansion.com
The AUD/USD found itself flat at the end of the day on Friday, and stalling in the middle of a range. The pair looks like it wants to rise – but the market's anxiety is currently hurting its performance. As long as we are over 1.05 – we think it should be a buy only. If it breaks lower, we look at 1.02 are a great area as well. It isn't until under that level that we even think of a short. Originally posted here
Read more about forex technical analysis, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| AUD/NZD Technical Analysis For May 23, 2011 Posted: 20 May 2011 04:28 PM PDT By ForexMansion.com
The AUD/NZD fell hard on Friday, and looks weak. However, we are currently near a minor support area at the 1.34 area, and there is significant support below at 1.32 as well. In fact, the 1.32 area is our trigger to short as it is such an important floor for this pair. The ceiling is currently in the neighborhood of 1.37, and we look for shorter term trades in this pair if anything at all. The overall trend is up – but looks vulnerable at the moment. Originally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| USD/JPY Technical Analysis For The Week Of May 23, 2011 Posted: 20 May 2011 04:12 PM PDT By ForexMansion.com
The USD/JPY pair rose this week, showing how supportive the 80 level really is. The central banks are below, and will defend the USD against another fall in this market. We certainly see the area as a buy, but be advised that the daily chart looks a bit slow – there might not be the pop you would like to see, but if you are patient – it looks bullish. Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| USD/CHF Technical Analysis For The Week Of May 23, 2011 Posted: 20 May 2011 04:11 PM PDT By ForexMansion.com
The USD/CHF has had a bearish week this previous week, and is currently testing the 0.88 level after falling from the 0.90 area. This looks a lot like a simple stop on the continuing bearishness that this market has had for so long. On any panic of economic issues we could see the Franc appreciate considerably. The market isn't a buy market at all – we only sell on rallies or new lows. Originally posted here
Read more about forex technical analysis, forex … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| USD/CAD Technical Analysis For The Week Of May 23, 2011 Posted: 20 May 2011 04:10 PM PDT By ForexMansion.com
The USD/CAD ended the week slightly higher, but only barely so. It continues to hover around the 0.97 level, and looks like it is coming into serious resistance in this area. The main reason for buying wasn't selling the CAD – it was a buying of the USD in the markets as a whole on Friday. The issues are in Greece and Europe – not in Canada. Because of this, we are looking to sell weakness, or even better – sell near parity if we get there. Originally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| NZD/USD Technical Analysis For The Week Of May 23, 2011 Posted: 20 May 2011 04:07 PM PDT By ForexMansion.com
The NZD/USD pair had a very bullish week, but still sits below the all-important 0.80 level as the market looks to break out. Of course it hasn't yet – and as such we are simply waiting to see if it can. We are still buying on dips, and look to enter this raging bull market. Shorting isn't advised. Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
About … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| GBP/USD Technical Analysis For The Week Of May 23, 2011 Posted: 20 May 2011 04:06 PM PDT By ForexMansion.com
The GBP/USD pair gained slightly this week, and looks like it is trying to find some footing at these levels. However, this area looks very choppy on the daily charts, so we are waiting to see a 1.64 print before we get too bullish this pair. We are not willing to sell at this moment. Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
About ForexMansion.com: www.ForexMansion.com is a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| GBP/JPY Technical Analysis For The Week Of May 23, 2011 Posted: 20 May 2011 04:05 PM PDT By ForexMansion.com
The GBP/JPY pair rose this week, and looks like it is trying to find footing as the bottom of the recent range is just under the area we are currently trading in. The GBP/JPY is a risk currency pair, and could be upset by a meltdown due to European concerns. The central banks are below, and will certainly get involved if this pair falls. Because of that, we only buy this pair – and are looking for a surge upward to do so. Originally posted here
Read more about … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| GBP/CHF Technical Analysis For The Week Of May 23, 2011 Posted: 20 May 2011 04:04 PM PDT By ForexMansion.com
The GBP/CHF pair fell slightly this week, and looks like it is trying to break the all-time lows situation just below where we are at the moment. Because of this, we are looking to sell any rallies, and certainly any new lows. The bearish pressure on this pair is significant, and should eventually prevail as the market continues its bearishness. Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| EUR/USD Technical Analysis For The Week Of May 23, 2011 Posted: 20 May 2011 04:03 PM PDT By ForexMansion.com
The EUR/USD fell hard towards the end of the week, and has formed a shooting star like candle. Because of this, it looks like any break lower could be massive trouble for the Euro bulls, especially since the 1.40-1.42 area is where we find ourselves. This area has been a major pivot point for this pair over the years, and still has had an effect on this pair recently. The Euro is surrounded by fears coming out of Greece, and it shows. Originally posted here
Read … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| EUR/JPY Technical Analysis For The Week Of May 23, 2011 Posted: 20 May 2011 03:59 PM PDT By ForexMansion.com
The EUR/JPY pair rose this week, again showing how important 115 is to this pair. The break out is still somewhat intact as long as we can stay above the area. The central banks below are no doubt monitoring this pair as well as the USD/JPY for signs of trouble again. Because of this we buy only, but are waiting to see if 115 provides supportive on the daily chart first before getting involved again on the buy side. Originally posted here
Read more about forex … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| EUR/GBP Technical Analysis For The Week Of May 23, 2011 Posted: 20 May 2011 03:58 PM PDT By ForexMansion.com
The EUR/GBP rose this week overall, but fell hard on Friday, and ended up forming a bit of a continuation shooting star. Because of this, we feel that the buyers have to be discouraged at this point, and may move to the sidelines – allowing this pair to fall even further. The 0.87 area will be crucial as it has to hold as support to get buyers back in the game. We are still neutral long term, at least until we clear this area, or rise above 0.90 in this pair. A … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| EUR/CHF Technical Analysis For The Week Of May 23, 2011 Posted: 20 May 2011 03:57 PM PDT By ForexMansion.com
The EUR/CHF pair fell again this week, and finished just above the all-time lows at the 1.24 handle. Because of this, the pair looks horrible, and also looks like it is dead set on breaking through to new lows. Add to this the fact that the Euro itself is surrounded with serious doubts, the pair should continue to fall over time. The 1.24 level is truly key – and if it can be broken with conviction, the recent consolidative pattern suggest we could see as much … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| AUD/USD Technical Analysis For The Week Of May 23, 2011 Posted: 20 May 2011 03:57 PM PDT By ForexMansion.com
The AUD/USD bounced this week from the all-important 1.05 level. It should be noted that the trend still looks strong, and as long as we are above the 1.05 area – this pair is a buy only. In fact, 1.02 looks solid underneath as well, as it is the original point of break out on this latest bull run in the Aussie. We are still looking to buy on rallies. Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| AUD/NZD Technical Analysis For The Week Of May 23, 2011 Posted: 20 May 2011 03:56 PM PDT By ForexMansion.com
The AUD/NZD fell again this week, and especially so on Friday. The market is still in bull mode though, as the 1.32 area below should be a point of serious support. We look to buy on dips, and continue to believe in the rally. However, it looks as if the market wants to try and retest the 1.32 area to see if it will truly hold. We believe that the long term implications of this area cannot be overstated. We are waiting to see if it holds before entering long term … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| USD/JPY Weekly Fundamental Analysis For May 23-27, 2011 Posted: 20 May 2011 08:03 AM PDT By ForexMansion.com
The dollar and the Japanese yen have lost grounds against major currencies last week. As for the USD/JPY pair, it moved to the highest level in 18 days, as both the U.S. economy and the Japanese economy have released disappointing fundamental.
The dollar dropped against most of its major counterparts after the negative US economic data, which added to the uncertainty about the U.S. economic outlook. The U.S. housing sector is still showing negative signs, beside the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| NZD/USD Weekly Fundamental Analysis For May 23-27, 2011 Posted: 20 May 2011 08:02 AM PDT By ForexMansion.com
The New Zealand dollar (the Kiwi) continues its upside movement against major currencies, especially versus the greenback, after the NZ government announced that it will repair its annual budget that may return to a record a surplus during the year, encouraging investors to buy the nation’s higher-yielding securities.
The economic conditions in New Zealand are rebounding as the nation’s government aims to fuel economic growth. The New Zealand government’s steps to support … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| GBP/USD Weekly Fundamental Analysis For May 23 – 27, 2011 Posted: 20 May 2011 08:00 AM PDT By ForexMansion.com
The GBP/USD showed a slight rebound in the week ending May 20 after two week of decline as both currencies showed weakness which made the pair trading close to the week’s opening level.
The UK economy data such as the unexpected rise in jobless benefits in April raised some concerns and cemented King’s downbeat announcement stated earlier this month in the quarterly inflation report as he said there are "clear downside risks" facing the British economy, adding that the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| USD/CHF Weekly Fundamental Analysis For May 23 – 27, 2011 Posted: 20 May 2011 07:59 AM PDT By ForexMansion.com
The USD/CHF halted its rebound in the week that ended May 20 after two weeks of rising as the dollar lost momentum on downbeat US data which revived speculations the Fed would keep lose monetary policy till late this year to boost the fragile recovery, while the Swiss franc followed the general direction of the market due to the absence of fundamentals from the Swiss economy.
In the week ending April 29, US weak housing data ignited fears that the sector the previously … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| AUD/USD Weekly Fundamental Analysis For May 23-27, 2011 Posted: 20 May 2011 07:58 AM PDT By ForexMansion.com
The AUD/USD pair moved higher last week after two consecutive weekly declines, as the RBA’s minutes signaled the possibility for more measures by the bank to contain inflation, bolstering the appeal of Aussie.
Australian iron ore and coal exports will accelerate in the upcoming period amid global economic recovery. The demand for Australian currency is to strengthen as the nation produces about 20% of the world's iron ore, which climbed 4.3%, while coal-export prices … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| AUD/NZD Weekly Fundamental Analysis For May 23-27, 2011 Posted: 20 May 2011 07:56 AM PDT By ForexMansion.com
The AUD/NZD pair fluctuated last week with the appreciation of both currencies versus greenback, which pushed the AUD/NZD pair to move between specific levels.
The economic conditions in New Zealand are rebounding as the nation’s government aims to fuel economic growth. The New Zealand government’s steps to support the economy are helping to enhance the outlook for the Kiwi, besides the drop of the US dollar which gives the NZD enough momentum to keep its gains against the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| EUR/USD Weekly Fundamental Analysis For May 23-27, 2011 Posted: 20 May 2011 07:53 AM PDT By ForexMansion.com
The volatility remains high for the EUR/USD with the uncertainty hovering over the outlook for growth amid inflation threats and debt woes.
Last week the pair continued to fluctuate heavily amid the mixed sentiment in the market with investors growing pessimistic with the downbeat U.S. data and also cautious over the euro with the speculation over the outlook for Greece.
Debt-laden nations continue to suffer in the euro area and the Greek tragedy is still the center of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| USD/JPY Daily Fundamental Analysis For May 23, 2011 Posted: 20 May 2011 07:49 AM PDT By ForexMansion.com
The USD/JPY pair advanced last week amid the downbeat economic data from Japan and the deeper than expected contraction in the first quarter, sending the economy back into recession.
The Japanese economy contracted during the first quarter by 0.9% after another contraction of 0.8% during the fourth quarter of 2010. The nation’s exports plunged in the first quarter, affected by the March earthquake.
The Bank of Japan Governor Masaaki Shirakawa warned during a parliamentary … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| NZD/USD Daily Fundamental Analysis For May 23, 2011 Posted: 20 May 2011 07:48 AM PDT By ForexMansion.com
The kiwi has jumped versus the greenback last week following two weeks of consecutive decline, fueled by signs of economic growth and unwinding of the heavy pessimism over the outlook with easing commodities sell-off that helped kiwi regain some of its losses.
The New Zealand economic recovery is likely to strengthen in the coming period as the government and the central bank aim to stimulate growth following the earthquakes.
Furthermore, tourism in New Zealand plays an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| GBP/USD Daily Fundamental Analysis For May 23, 2011 Posted: 20 May 2011 07:48 AM PDT By ForexMansion.com
With no fundamentals from the UK and US, the pair may witness calm movements on Monday trading. Fears regarding the outlook of the British economy may push the pair to the downside, where on the other hand there are some worries that the Fed may keep lose monetary policy for a while to boost recovery.
Consequently, the outlook for the pair remains to the downside as the end of the US $600 billion bond-purchase program in June may lower the supply of dollar from markets and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
| USD/CHF Daily Fundamental Analysis For May 23, 2011 Posted: 20 May 2011 07:47 AM PDT By ForexMansion.com
As of 07:00 GMT, the Swiss economy will release money supply M3 for the year ending April, yet it is expected to have slight effect on the pair’s movements, where the US lacks fundamentals at the beginning of the week.
Later in the week, eyes will be on some trade data from Switzerland, and housing and GDP data from the United States.
The outlook for the pair remains to the upside as the dollar is predicted to continue its rebound against the franc after having a break in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
 |
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home