| Forex – USD/CHF Weekly Outlook: June 20-24 Posted: 19 Jun 2011 03:08 AM PDT Forex Pros – The U.S. dollar closed the week slightly higher against the Swiss franc on Friday, but remained close to what Swiss National Bank Chairman Philipp Hildebrand called “extreme levels” amid concerns over the U.S. economic recovery.<br /><br />USD/CHF hit 0.8346 on Tuesday, the pair’s lowest since June 8; the pair subsequently consolidated at 0.8479 by close of trade on Friday, rising 0.60% over the week.<br /><br />The pair is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Forex – USD/JPY Weekly Outlook: June 20-24 Posted: 19 Jun 2011 02:39 AM PDT Forex Pros – The U.S. dollar fell to a one-week low against the yen on Friday, as ongoing fears over Greece’s sovereign debt crisis supported demand for the safe haven currency.<br /><br />USD/JPY hit 81.05 on Wednesday, the pair’s highest since June 2; the pair subsequently consolidated at 80.02 by close of trade on Friday, slipping 0.28% on the week.<br /><br />The pair is likely to find support at 0.79.69, the low of June 8 and a five-week low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Forex – Weekly Outlook: June 20-24 Posted: 19 Jun 2011 01:18 AM PDT Forex Pros – The euro rose against the U.S. dollar on Friday, amid renewed hopes for a solution to Greece’s debt crisis, after German Chancellor Angela Merkel dropped demands that bondholders should share the burden of a new bailout package for Greece.<br /><br />Following a meeting with French President Nicolas Sarkozy, Merkel said that Germany and France wanted a quick solution to the deadlock over a new aid package for Greece, while Sarkozy said “there was no time to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| AUD/NZD Daily Fundamental Analysis For June 20, 2011 Posted: 18 Jun 2011 11:48 AM PDT By ForexMansion.com
The AUD/NZD pair ended last week with gains, where the pair was able to cover most of its previous losses as the sharp fall of the New Zealand dollar against the greenback and other major currencies helped the Aussie to control the pair's movements.
The new 5.5 earthquake came just four months after the earlier devastating magnitude 6.3 that hit New Zealand. Concerns about disrupted output and the negative impact on major industries drove investors to abandon the New … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| USD/JPY Daily Fundamental Analysis For June 20, 2011 Posted: 18 Jun 2011 11:46 AM PDT By ForexMansion.com
The USD/JPY pair closed last week trading on gains, where the dollar was able to advance against its major counterparts due to the risk aversion that control financial markets.
The disappointed economic data about the EU as well as concerns about the debt crisis reduced demand for the high yielding currencies, and gave a chance to the dollar to cover most of its previous losses.
The Bank of Japan has kept its interest rate steady between 0.00% and 0.10%. The BOJ indicated … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| USD/JPY Technical Analysis For June 20, 2011 Posted: 17 Jun 2011 11:04 AM PDT By ForexMansion.com
The USD/JPY found itself falling on Friday and stopping right at the 80 level. This is an interesting turn of events, as the market knows that the area is where the central banks pushed price above the last round of interventions. Because of this, it is essentially become a game of chicken. Under most circumstances, the banks lose, and can only slow down the move. However, this move was coordinated, which makes this an even more dangerous game. Because of this, we … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| USD/CHF Technical Analysis For June 20, 2011 Posted: 17 Jun 2011 11:03 AM PDT By ForexMansion.com
The USD/CHF fell on Friday, only to form a hammer just under the 0.85 level. The pair looks like it is ready to try and break out of the range it has been in, but let's not kid ourselves – this is a massive down trend. Even if it were to rise 250 pips – that hasn't changed. We are simply looking to sell at higher levels, perhaps the 0.90 area if it presents itself. If we break below the bottom of Friday's candle, that would be very bearish as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| USD/CAD Technical Analysis For June 20, 2011 Posted: 17 Jun 2011 11:02 AM PDT By ForexMansion.com
The USD/CAD rose on Friday, only to fall – forming a shooting star for the second day in a row. This looks bearish, but let's be honest – we are stuck in the current range, and therefore cannot get too excited about shorting this pair until we break below the 0.9875 area or so. The trend is down, so that would be the expected move, but until then – we are currently in a scalping environment. Originally posted here
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| NZD/USD Technical Analysis For June 20, 2011 Posted: 17 Jun 2011 11:01 AM PDT By ForexMansion.com
The NZD/USD found itself up on Friday, after a hammer being printed on Thursday. This pair managed to climb back over the 0.81 levels, and this is a very bullish sign. Because of this, we feel that the Kiwi will return to a bullish move and retest the recent highs. Originally posted here
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| GBP/CHF Technical Analysis For June 20, 2011 Posted: 17 Jun 2011 10:51 AM PDT By ForexMansion.com
The GBP/CHF found itself up on Friday, forming a hammer in the process. The 1.36 level looks to be significant support, and the market looks like it is ready to pop for the short-term. We don't buy this market though, as the trend has been decisively down. The resulting rise in value simply invites us to sell at higher prices. A break of 1.36 would be significant, and would definitely get us short this pair. Originally posted here
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| GBP/USD Technical Analysis For June 20, 2011 Posted: 17 Jun 2011 10:50 AM PDT By ForexMansion.com
The GBP/USD found itself up on Friday, after a hammer being printed on Thursday. The Friday candle is also a hammer, so it looks like a bounce could be in the cards for the short-term. However, the weekly charts look somewhat complacent. The thinking is that we are going to be stuck in the 1.65 to 1.60 range for the time being. Originally posted here
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| GBP/JPY Technical Analysis For June 20, 2011 Posted: 17 Jun 2011 10:49 AM PDT By ForexMansion.com
The GBP/JPY found itself falling on Friday and even breaking below the all-important 130 line. However, it should be noted that the support area around this level goes down to about the 129.50 level or so, and it shouldn't be considered completely broken. The pair does look weak however, and set to tempt fate. The central banks that intervened a few months ago will certainly be paying attention. I don't feel the need to argue the point with them, so I … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| EUR/USD Technical Analysis For June 20, 2011 Posted: 17 Jun 2011 10:48 AM PDT By ForexMansion.com
The EUR/USD rose on Friday as hints of a German softening on the Greek crisis, which could be the beginning of yet another bailout for the Greek nation. Because of this, there is a real shot at a relief rally, but this could be short-lived, as the problems will simply be pushed back for another day. If we break higher, 1.45 should tell the story for the medium term. For the time being, this pair should bounce between 1.45 and 1.40 until we get some kind of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| EUR/JPY Technical Analysis For June 20, 2011 Posted: 17 Jun 2011 10:47 AM PDT By ForexMansion.com
The EUR/JPY found itself falling on Friday but ended the day in a bullish hammer formation. It is currently sitting just below the 115 support area, and looks like it wants to pop back over it. This would make sense as the Europeans are getting more and more likely to bail Greece out again. This could set up a relief rally of sorts. We don't sell, there are central banks below. A break of Friday's high gets us long for about 200 pips or so. Originally posted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| EUR/GBP Technical Analysis For June 20, 2011 Posted: 17 Jun 2011 10:46 AM PDT By ForexMansion.com
The EUR/GBP rose on Friday as the Germans and French look set to come to a conclusion on the Greek debt issue. The Thursday hammer was the first clue as to this possibility, and the announcement by German and French leaders that they were getting closer to an agreement on terms to bail out the Greeks was the catalyst for upward motion. This pair looks bullish at the moment, but only within the context of the consolidation range. A break of Friday highs more than … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| EUR/CHF Technical Analysis For June 20, 2011 Posted: 17 Jun 2011 10:45 AM PDT By ForexMansion.com
The EUR/CHF rose on Friday as the Germans and French look set to come to a conclusion on the Greek debt issue. There is a band aid ready, and they are looking to apply it to the Greek issue. However, the long-term viability of this rally is suspect at best, as the crisis is certainly a complex one. We still recommend selling rallies, and would like to see bearish price action around the 1.23 area. Originally posted here
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| AUD/USD Technical Analysis For June 20, 2011 Posted: 17 Jun 2011 10:44 AM PDT By ForexMansion.com
The AUD/USD rose on Friday, bouncing after the Thursday hammer formed on the 1.05 support line. The outlook for the immediate term is bullish as this is a good sign. It must be stated however, that the pair is having issues hanging onto the gains it keeps getting because of this, we are buying above 1.05, but are bailing out of trades at the first sign of trouble. Originally posted here
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| AUD/NZD Technical Analysis For June 20, 2011 Posted: 17 Jun 2011 10:44 AM PDT By ForexMansion.com
The AUD/NZD fell on Friday, and looks set to fall back to the 1.28 area which has been so supportive as the range looks to remain firm. The areas of 1.32 and 1.28 should act as a boundary of sorts, and this market is a scalper's delight until we break out in one direction or another. Originally posted here
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| USD/JPY Technical Analysis For The Week Of June 20, 2011 Posted: 17 Jun 2011 10:28 AM PDT By ForexMansion.com
The USD/JPY pair fell this week, after attempting a rally. It also stopped right at the 80 level – closing at the lows. This is a very bearish sign. However, we all know that the central banks got involved below this level, and we are now trying to test their orders. This is a game of chicken that can be very expensive. Because of this, we are not involving ourselves at the moment. Originally posted here
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| USD/CHF Technical Analysis For The Week Of June 20, 2011 Posted: 17 Jun 2011 10:27 AM PDT By ForexMansion.com
USD/CHF had a positive week after having both bullish and bearish moves. The 0.85 area is acting as resistance currently, and has kept prices below it, even after a swift move on Friday. The trend is most certainly down, but the strength of the down move almost looks as if it needs the pair to rise a little in order to find more buyers. We won't buy this pair, just simply wait for better places to sell it from. Originally posted here
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| USD/CAD Technical Analysis For The Week Of June 20, 2011 Posted: 17 Jun 2011 10:26 AM PDT By ForexMansion.com
USD/CAD had a slightly positive week after having both significant rises and falls in the pricing of this pair over the last week. We look to be stuck between the 0.9675 and 0.9850 levels, and are currently being held hostage by the oil markets. Until we get clarity in that market, the direction of the CAD will be difficult to ascertain. A break of the week's highs would be bullish, and a break of the lows would send us back down, looking to retest the all-time … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| NZD/USD Technical Analysis For The Week Of June 20, 2011 Posted: 17 Jun 2011 10:25 AM PDT By ForexMansion.com
The NZD/USD pair formed a wicked hammer on the 0.81 level, and looks set to return to a bullish motion again. The pair looks like the 0.811 level is padded by support all the way to 0.78 as well. Because of this, we are buyers of dips, and a break of the high printed this past week. Originally posted here
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| GBP/USD Technical Analysis For The Week Of June 20, 2011 Posted: 17 Jun 2011 10:24 AM PDT By ForexMansion.com
The GBP/USD pair fell this previous week, after both rising and falling earlier. The resulting candle ended up looking rather weak, but even more so confused. Because of this, we feel that the pair will be stuck between 1.60 and 1.65 for the foreseeable future. With all of the focus on Europe at the moment, there is a good chance many currency traders have simply forgot about cable. Originally posted here
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| AUD/NZD Technical Analysis For The Week Of June 20, 2011 Posted: 17 Jun 2011 10:17 AM PDT By ForexMansion.com
AUD/NZD had a positive week but did pull back slightly at the 1.32 resistance level. Because of this, we feel that the 1.32 and 1.28 areas will continue to contain the price of this pair in the short-term. Until we get above or below the marks, we will have a hard time finding long-term opportunities. Originally posted here
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| USD/JPY Weekly Fundamental Analysis For June 20-24, 2011 Posted: 17 Jun 2011 01:23 AM PDT By ForexMansion.com
The USD/JPY pair ended last week with gains, as the US dollar was able to dominate the currency market after the disappointed data from the euro-zone in addition to increasing the inflation pressure on the Feds.
The U.S. economy released its consumer price index for May, where the annual reading increased by 3.6% higher than the previous and the expected reading, to increase the inflation pressure on the Federal Reserve Bank.
The Bank of Japan kept its interest rate steady … [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 June 20-24, 2011 Posted: 17 Jun 2011 01:22 AM PDT By ForexMansion.com
Last week, the NZ dollar fluctuated against its majors and especially versus greenback, after the earthquake that hit New Zealand and the prevailing wave of pessimism that intensified risk aversion.
New Zealand dollar declined to a three-week low against the greenback after NZ government said the local dollar's strength is hurting the economy, while the demand for the nations' currencies was dented before U.S. data this week likely to indicate growth is losing momentum … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| AUD/USD Weekly Fundamental Analysis For June 20-24, 2011 Posted: 17 Jun 2011 01:21 AM PDT By ForexMansion.com
The Australian dollar declined against the dollar for the second week in a row amid rising uncertainties and jitters over the outlook for global growth and deepening debt crisis which supported the dollar on haven demand and risk aversion.
The debt crisis continues to intensify, fueling fears about the global economic recovery with rising expectations for Greece to default, supporting traders to withdraw their investments while they turn to safe investments.
Moreover, the … [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 June 20-24, 2011 Posted: 17 Jun 2011 01:19 AM PDT By ForexMansion.com
The AUD/NZD pair was able to bounce back to the upside to cover most of its previous losses, as the New Zealand dollar retreated sharply against it major counterpart, after the 5.5 earthquake that hit New Zealand last week.
The new 5.5 earthquake came just four months after the earlier devastating magnitude 6.3 that hit New Zealand. Concerns about disrupted output and the negative impact on major industries drove investors to abandon the New Zealand dollar, which push 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 June 20 – 24, 2011 Posted: 17 Jun 2011 01:18 AM PDT By ForexMansion.com
The GBP/USD showed decline for the third week in a row in the week ended June 17as the weak UK data which worsened outlook for the economy continued to push pair the down at the time that the US dollar benefited from the escalating debt crisis and global recovery concern as a safe haven.
In the week ended June 17, retail sales in May slumped 1.4%, the sharpest drop since January 2010, following 1.1% gain in April, while U.K. jobless claims in May surged by 19.6 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| EUR/USD Weekly Fundamental Analysis For June 20-24, 2011 Posted: 17 Jun 2011 01:17 AM PDT By ForexMansion.com
The EUR/USD fluctuated heavily last week and suffered heavy selling pressures on the worsening prospects for the debt crisis and worsening status in Greece. Nevertheless, the heavy selloff on Wednesday eased and the euro recovered some losses by the end of the week, yet the pair still ended lower.
High volatility was seen this week with the focus on the debt crisis that ignited a strong wave of pessimism across the globe as investors saw rising chances for default by Greece. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| USD/CHF Weekly Fundamental Analysis For June 20 – 24, 2011 Posted: 17 Jun 2011 01:17 AM PDT By ForexMansion.com
The USD/CHF continued its rebound for the second week in the week ended June 16 as the dollar benefited from its merit as a safe haven amid the escalating European debt woes and global recovery concerns in addition to expectations of a rebound in the dollar with the end of the $600 billion bond purchase program this month. On the other hand, latest announcements by the SNB refer to warning of further franc appreciation along with the stable inflation rate revived … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| NZD/USD Daily Fundamental Analysis For June 20, 2011 Posted: 17 Jun 2011 01:14 AM PDT By ForexMansion.com
The New Zealand dollar continues its downside movement versus majors as the NZ government announced that the local dollar's strength is hurting the economy, while demand for the nations' currencies was dented before U.S. data this week likely to indicate growth is losing momentum even after inflation numbers signaled rising price pressures.
The New Zealand government is trying to adopt measures that help limit Kiwi’s gains against the majors, because the NZ dollar’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| USD/CHF Daily Fundamental Analysis For June 20, 2011 Posted: 17 Jun 2011 01:13 AM PDT By ForexMansion.com
Both economies lack economic fundamentals which propose that there would be calm trading on the pair which is predicted to follow the general trend in market as it will not able to get direction from data.
The green currency is predicted to resume its rebound despite some disappointing data from the US as the dollar may continue to benefit from being a safe haven amid the looming European debt woes as it seems more favorite than the franc as the SNB is predicted to leave … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| GBP/USD Daily Fundamental Analysis For June 20, 2011 Posted: 17 Jun 2011 01:12 AM PDT By ForexMansion.com
Both economies lack economic fundamentals which propose that there would be calm trading on the pair which is predicted to follow the general trend in market as it will not able to get direction from data.
The outlook is in favor of some drop in the pair as the uncertain outlook for the British economy along with haven demand on the greenback as a refuge, amid the current global recovery concerns and escalating European debt woes.
Originally posted here
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| EUR/USD Daily Fundamental Analysis For June 20, 2011 Posted: 17 Jun 2011 01:11 AM PDT By ForexMansion.com
The euro starts a new week and hopes are for some light at the end of the tunnel for Greece to help the EUR/USD unwind from the heavy selling pressure seen last week.
The euro already started to unwind some of the pessimism to the end of last week after Merkel and Sarkozy assured a united German-Franco front on the new Greek bailout to be in line with the Vienna Initiative, which means the bondholders participation will be bound on a "voluntary" basis as the ECB … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| AUD/USD Daily Fundamental Analysis For June 20, 2011 Posted: 17 Jun 2011 01:10 AM PDT By ForexMansion.com
The Australian dollar also declined against its major counterpart the US dollar on concern the Australian economy will enter recession, after Australia suffered from the natural disaster.
The shrinking Australian economy in the first quarter by the most in two decades affected by the floods that caused the mining sector to drop, which has negative results on the nation’s exports, confirmed that the Reserve Bank of Australia will leave the rates at their levels in the next … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| USD/CAD Daily Fundamental Analysis For June 20, 2011 Posted: 17 Jun 2011 01:09 AM PDT By ForexMansion.com
The USD/CAD pair trimmed earlier gains and started to fall on Friday after news emerged that EU leaders are close to reach an agreement to bailout Greece, which spread optimism among investors and led them to target higher yielding assets including the CAD. Moreover, the U.S. leading indicators rose above expectations in May, which also supported risk appetite on Friday, and added further negative pressure on the USD/CAD pair.
EU leaders will be meeting on Sunday and Monday, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| USD/CAD Weekly Fundamental Analysis For June 20-24, 2011 Posted: 17 Jun 2011 01:08 AM PDT By ForexMansion.com
The USD/CAD pair was little changed throughout last week, where the pair was supported by rising risk aversion in markets, in addition to falling crude oil prices, as investors were concerned over the outlook for global growth, and the rising fears from the European debt crisis, which weighed down on confidence levels and forced investors to seek low yielding assets, which supported the USD against the CAD earlier in the week, but the pair erased its gains as optimism spread … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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