| The Week Ahead: Euro-zone Finance Ministers Meeting, Central Bank Meeting Minutes: FOMC, BoE, RBA, US Housing Starts, Existing Home Sales Posted: 13 May 2011 09:00 PM PDT |
| The $32.5 Trillion Global Stock Market Rally Posted: 13 May 2011 08:29 PM PDT The Paris-based World Federation of Exchanges, an association of 52 regulated stock market exchanges around the world, recently released data on the world stock market capitalization, which increased to $59.12 trillion in April. That was a 40-month high for world equity values and the highest level since December 2007 when the U.S. recession started. From the all-time high of $63 trillion in October 2007, the value of world equity markets is currently about 6% below that pre-crisis peak, or … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| USD/JPY Technical Analysis For The Week Of May 16, 2011 Posted: 13 May 2011 08:04 PM PDT By ForexMansion.com
The USD/JPY had a very quiet week, and is currently hugging the 80-81 support levels. The market produced a nice hammer the week before, showing this area to be important. Of course, we all know that as it is where the central banks blew everyone out of the water and intervened against the USD in favor of the JPY. We feel that a buying opportunity is starting to form – but not quite yet. Originally posted here
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| USD/CHF Technical Analysis For The Week Of May 16, 2011 Posted: 13 May 2011 08:03 PM PDT By ForexMansion.com
The USD/CHF had a very bullish week, and is currently pushing up against the 0.90 area. This area will be the first major hurdle for the bulls, and could prove to be very difficult to overcome. Above that, the 0.94-0.95 area should be massive resistance as well. Because of this, we are waiting to sell weakness at the peak of rallies. This pair isn't to be bought according to the charts. Originally posted here
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| USD/CAD Technical Analysis For The Week Of May 16, 2011 Posted: 13 May 2011 08:02 PM PDT By ForexMansion.com
The USD/CAD rose this week, but fell short of closing above the all-important 0.97 area. This shows that the area is indeed significant, and could be a massive headwind for USD strength in this pair. Compounding this is the fact that there is a downtrend line that we are currently bumping up against. We recommend selling rallies, and will continue to do so until this pair changes trends – and that is a long, long way away from here. Originally posted here
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| NZD/USD Technical Analysis For The Week Of May 16, 2011 Posted: 13 May 2011 07:58 PM PDT By ForexMansion.com
The NZD/USD fell this previous week, but still looks "stuck" between the 0.80 and 0.78 levels. It should be noted that we are in an uptrend overall, so buying is preferred. Presently though – we so no longer-term signals in this pair.
Originally posted here
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| GBP/USD Technical Analysis For The Week Of May 16, 2011 Posted: 13 May 2011 07:51 PM PDT By ForexMansion.com
The GBP/USD fell this previous week, but is currently sitting on a large consolidative area that looks to be fairly thick. Because of this, we are still only interested in buying, but the recently action needs to be corrected in order for us to feel confident in our bullishness. The 1.70 area still should be massive resistance, but the charts still look like we are going to try and brake out of the area before it is all said and done. Originally posted here
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| GBP/JPY Technical Analysis For The Week Of May 16, 2011 Posted: 13 May 2011 07:48 PM PDT By ForexMansion.com
The GBP/JPY formed a bearish candle this past week, and it looks like there are thoughts of testing the resolve of the various central banks around the world. The market certainly will find out the answer to that question somewhere below this area if they keep trying to sell. We are looking for bullish set ups, but currently don't see any. Because of this, we won't sell – no matter what. Originally posted here
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| GBP/CHF Technical Analysis For The Week Of May 16, 2011 Posted: 13 May 2011 07:47 PM PDT By ForexMansion.com
The GBP/CHF formed a hammer last week, and barely triggered it this week by breaking higher than the highs of the hammer. Because of this, there is a slight case for bullishness in this pair for the short-term. However, we feel that going long this pair will involve a lot of pain in the meantime as the trend is so bearish. We look for a more consolidative move in the near future. Originally posted here
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| EUR/USD Technical Analysis For The Week Of May 16, 2011 Posted: 13 May 2011 07:46 PM PDT By ForexMansion.com
The EUR/USD has fallen significantly over the last week, and is retesting the downtrend line that was broke a few weeks ago. The trend line goes all the way back to the beginning of the financial crisis, and as it was broke, we all felt that the dollar was going to be in serious trouble. The Greek issue around their debt markets continues to dog the Euro though. Until we see 1.40 broken, we are looking to see if the buying opportunity presents itself in the form … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| EUR/JPY Technical Analysis For The Week Of May 16, 2011 Posted: 13 May 2011 07:44 PM PDT By ForexMansion.com
The EUR/JPY fell on this week and broke below the 115 area that we have been watching for so long. Shorting still isn't recommended since the central banks are waiting for you to do so. We are presently sitting on our hands and looking for a buy signal. Originally posted here
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| EUR/GBP Technical Analysis For The Week Of May 16, 2011 Posted: 13 May 2011 07:42 PM PDT By ForexMansion.com
The EUR/GBP has fallen this week, and looks to break the gravity of the 0.88 mark and area that has been like a magnet for this pair. However, there is support just below where we sit at presently, and therefore we aren't overly excited about trading this pair at the moment. Originally posted here
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| EUR/CHF Technical Analysis For The Week Of May 16, 2011 Posted: 13 May 2011 07:40 PM PDT By ForexMansion.com
The EUR/CHF has formed a hammer-like bar on the weekly, and shows that the area below is going to be significant support. The market shouldn't be bought though, as the trend is so decidedly bearish. The new signal for shorting would be a break of the lows. A continuation of the downtrend would be seen if we can see that. For now, we wait to sell rallies. Originally posted here
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| AUD/USD Technical Analysis For The Week Of May 16, 2011 Posted: 13 May 2011 07:38 PM PDT By ForexMansion.com
The AUD/USD fell this week for the second week in a row. It should be noted that a lot of this is simply due to the commodities issues we are seeing in the futures markets. As such, the pair is currently sitting at the 1.05 support area, and could find a bid. We are not selling this pair under any circumstance until we see the 1.02 level broken, and even then would be somewhat cautious. Look to see if 1.05 holds – and if it does, we could see a move … [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 May 16, 2011 Posted: 13 May 2011 07:37 PM PDT By ForexMansion.com
The AUD/NZD fell this past week as the pair continues to drift sideways, looking for direction. The pair should be thought of as having a somewhat bullish bias as long as we are above the 1.32 line, but currently doesn't seem to have much in the way of momentum. It is because of this that we are currently avoiding new trades in this pair. Originally posted here
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| USD/JPY Technical Analysis For May 16, 2011 Posted: 13 May 2011 07:28 PM PDT By ForexMansion.com
The USD/JPY had a slightly bearish day on Friday, only to print another hammer-like candle at the close. This looks interesting to us as it is sitting right on massive support at the moment. This pair will be monitored by the central banks around the world, and a buy on strength could be possible – if we get it. A close above 81 gets us particularly interested in buying. Originally posted here
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| USD/CHF Technical Analysis May 16, 2011 Posted: 13 May 2011 07:26 PM PDT By ForexMansion.com
The USD/CHF had a very bullish day on Friday, and is testing the 0.90 area. This area could be massive resistance, and we will wait to see if it holds. If it does, this could be another sell signal. If it doesn't we will wait to see how the 0.94 to 0.95 area holds, as it seems to be even more resistance as well. We are selling rallies, not buying this currency. Originally posted here
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| USD/CAD Technical Analysis For May 16, 2011 Posted: 13 May 2011 07:19 PM PDT By ForexMansion.com
The USD/CAD has risen again, but stopped at the important 0.97 level. This massive resistance area did push the pair down significantly towards the end of Friday's trading, suggesting that the move may have been a knee-jerk reaction, and not a serious one. The pair is simply a sell until we break above 0.97, and more importantly – parity. Originally posted here
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| NZD/USD Technical Analysis For May 16, 2011 Posted: 13 May 2011 07:16 PM PDT By ForexMansion.com
The NZD/USD fell on Friday, but is still stuck within its consolidative range. This pair continues to be a scalper's playground, as the 0.80 and the 0.78 areas simply will not budge. The overall trend is up, so buying is preferred, but there is simply no real room to move at the moment. This is a short term trading environment for sure. Originally posted here
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| GBP/USD Technical Analysis For May 16, 2011 Posted: 13 May 2011 07:00 PM PDT By ForexMansion.com
The GBP/USD fell again on Friday, showing even more weakness. It should be noted that the area we are entering into is very choppy, and could make this pair a very difficult short. The overall direction is up, but the recent move has been decidedly bearish. We need to see 1.60 hold in order to get constructive again. In the mean time, we wait. Originally posted here
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| GBP/JPY Technical Analysis For May 16, 2011 Posted: 13 May 2011 06:59 PM PDT By ForexMansion.com
The GBP/JPY fell on Friday, testing the 131-130 area. The market looks like it is trying to find some kind of support in this area, and should provide a signal soon. However, we don't' see it yet. The central banks are below this area, and will certainly get involved if the pair falls too much. Because of this, we won't sell – no matter what. Originally posted here
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| GBP/CHF Technical Analysis For May 16, 2011 Posted: 13 May 2011 06:57 PM PDT By ForexMansion.com
The GBP/CHF rose on Friday, as the Pound lost against many other currencies. The Pair looks like it wants to consolidate around the 1.45 area, and test the previous support area there. Looking at this chart, we are still in a downtrend, but we could see a pop in the short-term. Look to sell rallies. Originally posted here
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| EUR/USD Technical Analysis For May 16, 2011 Posted: 13 May 2011 06:56 PM PDT By ForexMansion.com
The EUR/USD has fallen significantly, and is presently retesting the downtrend line that was broke a few weeks ago. This is common, and most technicians will be taking note of this. Because of this, we find ourselves at a sort of crossroads in the EUR/USD pair, and as such are willing to sit on the sidelines until we see some kind of convincing move. The 1.40 area is our bottom. If the area gets broken – we will be short. Until then, we are watching to see if … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| EUR/JPY Technical Analysis For May 16, 2011 Posted: 13 May 2011 06:49 PM PDT By ForexMansion.com
The EUR/JPY fell on Friday, breaking below the 115 area that we have been watching for so long. The pair still isn't a short as there are several different central banks below. Now it becomes a game of "chicken", and as such – we feel no real need to test the resolve of the central banks that are watching this development. 114 looks to be the bottom of this support area, so we must watch what happens over the next day or two to decided whether or not we … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| EUR/GBP Technical Analysis For May 16, 2011 Posted: 13 May 2011 06:48 PM PDT By ForexMansion.com
The EUR/GBP has fallen again, but only after slamming up against the all-important 0.88 level. It should be noted that the long-term downtrend line that we broke recently is just under where we are trading, and this could cap any moves down. The selling pressure is still on, so we think this market could be choppy. There are simply better markets to trade out there.
Originally posted here
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| EUR/CHF Technical Analysis For May 16, 2011 Posted: 13 May 2011 06:45 PM PDT By ForexMansion.com
The EUR/CHF rose, testing the recent highs on Friday. However, that was a short-lived move as the market quickly pushed the Euro down against many other currencies around the world, the Swiss franc being no different. The market still looks weak, but we see no clear technical entry at this point. Originally posted here
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| AUD/USD Technical Analysis For May 16, 2011 Posted: 13 May 2011 06:42 PM PDT By ForexMansion.com
The AUD/USD fell again on Friday to test the important price level of 1.05, and it looks like the market is currently trying to find out if it is going to be supportive or not. So far, it appears that it could be. The market is a certain uptrend, and it looks like that isn't going to change for several hundred pips. The signal for us is to see a bullish candle at either 1.05 or 1.02 to buy the pair. In the meantime, we wait to see what the market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| AUD/NZD Technical Analysis For May 16, 2011 Posted: 13 May 2011 06:39 PM PDT By ForexMansion.com
The AUD/NZD fell again on Friday to come back to the 1.34 area, which served as support the day before. Because of this, we feel that the market is still stagnant and somewhat directionless. We don't like these conditions and are simply observing the market for the time being. We wait for a break of 1.32 to get bearish, and a break of 1.37 to get bullish. Originally posted here
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| Stock Market Summary For Friday, May 13, 2011 Posted: 13 May 2011 03:26 PM PDT For the majority of today’s trading session stocks spent their time in the red. The DJIA and S&P 500 briefly were positive early on while the Nasdaq Composite spent the entire day in negative territory. Overall, each index declined at least 0.8% while the losses on the Nasdaq Composite and Semiconductor Index (the SOX) were much broader at 1.2% and 1.4%, respectively. The major indexes closed near session lows. Market breadth was decisively negative but the selling by investors happened at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| USD/JPY Weekly Fundamental Analysis For May 16- 20, 2011 Posted: 13 May 2011 08:08 AM PDT By ForexMansion.com
The USD/JPY pair traded last week within a consolidation area, as dollar was able to maintain its gains against most of the major currencies after the cheerful data regarding the employment sector in United States.
The dollar managed to end last week on a strong note against most of its major counterparts, amid gains across most of the weak with the fragile sentiment and the haven dollar demand.
Risk aversion sent U.S. bonds higher, while the yen remained volatile amid fears … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| NZD/USD Weekly Fundamental Analysis For May 16- 20, 2011 Posted: 13 May 2011 08:06 AM PDT By ForexMansion.com
The New Zealand dollar declined sharply against greenback last week, as New Zealand's budget deficit was wider than forecast in the nine months through March after the nation's deadliest earthquake in 80 years prevented some companies from paying tax.
Meanwhile, the New Zealand dollar weakened as declines in stocks and commodities supported the dollar and dampened demand for higher-yielding currencies.
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| AUD/USD Weekly Fundamental Analysis For May 16- 20, 2011 Posted: 13 May 2011 08:05 AM PDT By ForexMansion.com
The Australian dollar dropped last week against the U.S. dollar after Australian employers unexpectedly cut worker in April by the most since 2009 as hiring weakens in states less affected by the nation’s mining boom, pushing the nation’s currency (Aussie) to decline sharply versus majors.
The Australian dollar continued its downside movement against its major counterpart the U.S. currency for the second consecutive week, as the demand for the greenback accelerated on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| AUD/NZD Weekly Fundamental Analysis For May 16- 20, 2011 Posted: 13 May 2011 08:04 AM PDT By ForexMansion.com
The AUD/NZD pair drooped significantly last week, after Aussie lost grounds against greenback opening the door for the AUD/NZD to fall to its lowest level in thirteen days.
The Australian employers unexpectedly cut workers in April by the most since 2009, shedding 22,100 workers, compared with expectations for hiring about 17,000 workers, while the unemployment rate remained unchanged at 4.9%.
The disappointing data forced the Australian currency to decline against the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| GBP/USD Weekly Fundamental Analysis For May 16 – 20, 2011 Posted: 13 May 2011 08:03 AM PDT By ForexMansion.com
The GBP/USD retreated for the second week the previous week as some sell off in commodities and shares boosted demand on the green currency while investor’s became suspicious regarding the outlook of the British economy after King’s downbeat announcement as he said there are "clear downside risks" facing the British economy and said the outlook for growth is weaker than February. The economy is predicted, by the ONS, to expand 0.5% in 2011 which is actually weaker than … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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