Sunday, July 10, 2011

DailyMarkets.com - Forex – USD/CHF Weekly Outlook: July 11 – 15

DailyMarkets.com - Forex – USD/CHF Weekly Outlook: July 11 – 15


Forex – USD/CHF Weekly Outlook: July 11 – 15

Posted: 10 Jul 2011 03:12 AM PDT

Forex Pros – pros &ndash; The U.S. dollar closed trading at a six-day low against the Swiss franc on Friday, after U.S. government data showed that non-farm payrolls rose significantly less-than-expected in June, with employers hiring the fewest workers in nine months.<br /><br />USD/CHF hit 0.8520 on Friday, the pair&rsquo;s highest since July 1; the pair subsequently consolidated at 0.8360 by close of trade, tumbling 1.42% over the week.<br /><br />The pair … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Futures – Weekly Review: July 4 – 8

Posted: 10 Jul 2011 02:53 AM PDT

Forex Pros – pros &ndash; Last week saw gold prices post their biggest weekly gain in 19 months, after weak employment data added to concerns over the U.S. economy and amid fears over sovereign debt contagion in the euro zone.&nbsp;&nbsp; <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery settled at USD1,544.45 a troy ounce by close of trade on Friday, rallying 3.7% over the week, the most since early November 2009. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Weekly Outlook: July 11 – 15

Posted: 10 Jul 2011 02:22 AM PDT

Forex Pros – pros &ndash; Last week saw the U.S. dollar end lower against the yen, after Friday&rsquo;s disappointing U.S. non-farm payrolls report sparked fears that the U.S. economic recovery is losing momentum.<br /><br />USD/JPY hit 81.62 on Friday, the pair&rsquo;s highest since May 31; the pair subsequently consolidated at 80.57 by close of trade on Friday, shedding 0.29% over the week.<br /><br />The pair is likely to find support at 80.00, the low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Weekly Outlook: July 11 – 15

Posted: 10 Jul 2011 01:39 AM PDT

Forex Pros – pros &ndash; The U.S. dollar weakened against its major counterparts on Friday, after June&rsquo;s disappointing U.S. non-farm payrolls report, while the euro was pressured lower amid concerns over sovereign debt contagion in the single currency bloc.<br /><br />The Department of Labor said U.S. nonfarm payrolls rose by just 18,000 in June, far below the 89,000 increase forecast by economists, with employers hiring the fewest workers in nine months, while the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


How 3D Printing Will Revolutionize And Revive American Manufacturing In The 21st Century

Posted: 09 Jul 2011 09:37 PM PDT

Forbes (Rich Karlgaard) — “The transformative technology of the 2015-2025 period could be 3D printing. This has the potential to remake the economics of manufacturing from a large-scale industry back to an artisan model of small design shops with access to 3D printers. In other words, making stuff, real stuff, could move from being a capital intensive industry into something that looks more like art and software. This should favor the American skill set of creativity.”

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GDX And The Trampoline

Posted: 09 Jul 2011 08:38 PM PDT

Earlier today I was pondering what price might be a reasonable entry point for either the Market Vectors Gold Miner ETF (GDX) or just some mining stocks in general. I started staring at the daily GDX chart and immediately I started imaging I was seeing a repeating pattern.

This is weird, but I visualize a guy on a trampoline.  I imagine his body weight descending from high above the ground, accelerating toward the trampoline mat  – as stock price accelerates towards a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/JPY Technical Analysis For July 11, 2011

Posted: 08 Jul 2011 10:27 AM PDT

By ForexMansion.com

 
USD/JPY fell hard on Friday as the Non-Farm Payroll report was absolutely horrible. The pair is still stuck between 80 and 82, and as long as that is the case, we expect choppy consolidation. The fact that this daily candle looks so large, but is only 80 pips or so shows how dead this pair has been recently. We are waiting for a breakout or breakdown from this area before getting involved.

Originally posted here

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USD/CHF Technical Analysis For July 11, 2011

Posted: 08 Jul 2011 10:26 AM PDT

By ForexMansion.com

 
USD/CHF fell on Friday, but managed to stay above the 0.83 level – the bottom of the recent consolidation range. We think that selling is the best way to play this pair, but it should be noted that this range has been holding firm. Because of this, we prefer to sell the rallies as they come, unless of course we get a breakdown past the 0.83 level.

Originally posted here

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USD/CAD Technical Analysis For July 11, 2011

Posted: 08 Jul 2011 10:24 AM PDT

By ForexMansion.com

 
USD/CAD rose on Friday, but managed to stay below the 0.9650 level – the bottom of the recent consolidation range which should now serve as resistance. The fact that the level did hold shows us that this pair remains very bearish as even the Non-Farm Payroll numbers couldn't do significant damage to the downtrend.

Originally posted here

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NZD/USD Technical Analysis For July 11, 2011

Posted: 08 Jul 2011 10:24 AM PDT

By ForexMansion.com

 
NZD/USD rose on Friday, making fresh all-time highs against the Greenback. The pair is most certainly bullish, and this move only makes it more so. The entry can be had right away, as this pair should continue to float higher in the foreseeable future. We never sell the New Zealand Dollar.

Originally posted here

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GBP/USD Technical Analysis For July 11, 2011

Posted: 08 Jul 2011 10:23 AM PDT

By ForexMansion.com

 
GBP/USD rose on Friday, staying clear of breaking below the 1.59 area again. We still think that a breakdown of the 1.59 is more than likely going to happen, and when it does – look out below. The Pound is universally disliked, and as such – should be sold…even against the Dollar. We look to sell rallies at this point.

Originally posted here

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GBP/JPY Technical Analysis For July 11, 2011

Posted: 08 Jul 2011 10:23 AM PDT

By ForexMansion.com

 
GBP/JPY fell hard on Friday, but managed to bounce a bit towards the end of the session. However, rallies notwithstanding, the 130 area above seems very, very resistive. Until we can get above that on a daily close, we are sellers of rallies. Each time the market gets near 130 – it keeps falling. This is 90% of what you need to know in order to trade this market right now.

Originally posted here

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GBP/CHF Technical Analysis For July 11, 2011

Posted: 08 Jul 2011 10:22 AM PDT

By ForexMansion.com

 
GBP/CHF fell hard on Friday, but managed to stay above the 1.34 support area. Because of this, we feel shorting at these levels could only bring trouble, and would advise that waiting to see a fresh new low is the way to go. Rallies can also be sold as well.

Originally posted here

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EUR/USD Technical Analysis For July 11, 2011

Posted: 08 Jul 2011 10:21 AM PDT

By ForexMansion.com

 
EUR/USD fell on Friday as the Non-Farm Payroll report came out much lower than expected. The pair looks extraordinarily weak at the moment, and the markets are now starting to worry about Italy now. The pair looks like it could fall, but with the way it has been trading lately – one has to be very careful and quick to take profits.

Originally posted here

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EUR/JPY Technical Analysis For July 11, 2011

Posted: 08 Jul 2011 10:20 AM PDT

By ForexMansion.com

 
EUR/JPY fell hard on Friday as the Non-Farm Payroll report was absolutely horrible. The pair slammed into the 115 levels, and area that have given the market support in the past. With the length of the candle though, we expect a bit farther down is a likely scenario in this pair. The 113.50 area is the major support area, and we will be looking to see if any supportive signs are to be found there, which would be a natural place to buy.

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EUR/GBP Technical Analysis For July 11, 2011

Posted: 08 Jul 2011 10:19 AM PDT

By ForexMansion.com

 
EUR/GBP fell on Friday, showing how weak the pair has suddenly become. The pair closed towards the bottom of the daily range, and this shows a failure of confidence in the Euro. The pair looks set to test the 0.88 level again, and as such – we are stepping back on the daily chart and looking for longer-term set ups.

Originally posted here

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EUR/CHF Technical Analysis For July 11, 2011

Posted: 08 Jul 2011 10:19 AM PDT

By ForexMansion.com

 
EUR/CHF fell on Friday, breaking back through the 1.20 level. The trade set up is simple, if we break through the all-time lows – we sell. If we bounce and fail at the 1.20 level – we sell. If we rally higher, we sell. We never buy this pair as it has been so weak over the last few years.

Originally posted here

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AUD/USD Technical Analysis For July 11, 2011

Posted: 08 Jul 2011 10:18 AM PDT

By ForexMansion.com

 
AUD/USD fell on Friday, but managed a bounce later in the day to form a hammer around the 1.0750 level. This suggests that there is good support in the area, and that we will more than likely see a continuation of the bull run that has been this market for so long. We like buying dips, and a break of the Friday highs.

Originally posted here

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AUD/NZD Technical Analysis For July 11, 2011

Posted: 08 Jul 2011 10:17 AM PDT

By ForexMansion.com

 
AUD/NZD fell on Friday, and is presently aiming to test the 1.28 level again. This level is important because if it gives way – we are looking for a longer-term move to the downside. Until we get below 1.28 or above 1.32 for that matter – we are sitting still.

Originally posted here

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USD/JPY Technical Analysis For The Week Of July 11, 2011

Posted: 08 Jul 2011 10:08 AM PDT

By ForexMansion.com

 
The USD/JPY pair rose during the week, but ended up giving back all of the gains and printing a shooting star. The pair is stuck in a 200 pip range, and as such we need to see a move beyond 82 or below 80 in order to pick a long-term direction. In the meantime, we are simply waiting.

Originally posted here

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USD/CHF Technical Analysis For The Week Of July 11, 2011

Posted: 08 Jul 2011 10:07 AM PDT

By ForexMansion.com

 
The USD/CHF pair fell this past week, but is still stuck between 0.85 and 0.83. This shows that the pair is in tight consolidation, and as such – there aren't many long-term opportunities in this market at the moment. If we can get below the 0.83 level – we would be strong sellers. A break above 0.85 simply means we wait until higher levels in which to sell the market.

Originally posted here

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USD/CAD Technical Analysis For The Week Of July 11, 2011

Posted: 08 Jul 2011 10:06 AM PDT

By ForexMansion.com

 
The USD/CAD pair rose this past week, but formed a shooting star. This normally shows a continuation of the previous move when it is at the bottom of a downtrend, and as such we still feel very bearish of this pair. A break below the week's lows is a selling signal.

Originally posted here

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NZD/USD Technical Analysis For The Week Of July 11, 2011

Posted: 08 Jul 2011 10:06 AM PDT

By ForexMansion.com

 
The NZD/USD pair rose this past week as it reached new highs against the US Dollar. The pair looks content to keep moving up, so buying at these levels is certainly acceptable. Any pullbacks must be thought of as opportunities to buy at cheaper prices. We don't sell the NZD at all.

Originally posted here

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GBP/USD Technical Analysis For The Week Of July 11, 2011

Posted: 08 Jul 2011 10:05 AM PDT

By ForexMansion.com

 
The GBP/USD pair fell this previous week, but formed a hammer at 1.60. This is a bullish sign, but more than likely only foretells a bounce – not a bullish move. The pair is on its back foot, and we do not trust bullish signals in it at this point. We are looking for a rally to sell and it looks like we might just get it.

Originally posted here

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GBP/JPY Technical Analysis For The Week Of July 11, 2011

Posted: 08 Jul 2011 10:04 AM PDT

By ForexMansion.com

 
The GBP/JPY pair fell this previous week, and formed a red candle. We are still struggling to get above the 130 level, and this pair currently looks lost, albeit weak. The truth is that this pair is probably more of a reflection on the GBP than anything else. We expect this pair to be choppy based upon the last few weeks, but would be bullish on a daily close above 131. Selling is possible for shorter-term trades.

Originally posted here

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GBP/CHF Technical Analysis For The Week Of July 11, 2011

Posted: 08 Jul 2011 10:03 AM PDT

By ForexMansion.com

 
The GBP/CHF pair fell this previous week, stopping right at the 1.34 support area. The pair certainly is a "sell only" pair, but at this support level, it could very well bounce. Because of that, we are looking for rallies to sell, or perhaps new lows. We don't buy this pair at all.

Originally posted here

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EUR/USD Technical Analysis For The Week Of July 11, 2011

Posted: 08 Jul 2011 10:02 AM PDT

By ForexMansion.com

 
The EUR/USD pair fell this past week, and has probably caused traders more pain than any other market lately as various headlines come out, rocking the pair back and forth. As this continues, this pair is becoming more and more difficult to trade. Because of this, we feel that a few more candles are needed to formulate any serious trading decisions on a long-term basis.

Originally posted here

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EUR/JPY Technical Analysis For The Week Of July 11, 2011

Posted: 08 Jul 2011 10:01 AM PDT

By ForexMansion.com

 
The EUR/JPY pair fell to the 115 area, the top of a massive support zone that extends down to 113.50 or so. This market is still technically bullish from the breakout in March, but we now find ourselves in a sideways consolidation, and we suspect it will continue in the near future. We are looking to see support hold at 113.50, and would fancy buying at that area on signs of support.

Originally posted here

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EUR/GBP Technical Analysis For The Week Of July 11, 2011

Posted: 08 Jul 2011 10:00 AM PDT

By ForexMansion.com

 
The EUR/GBP pair fell this past week, but is sitting on the beginning of a support zone. The pair looks weak, but has been erratic over the last few weeks, and we are more likely to sit out the pair for a while, at least until some of the headline risks in Europe and Great Britain fall by the wayside.

Originally posted here

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EUR/CHF Technical Analysis For The Week Of July 11, 2011

Posted: 08 Jul 2011 09:59 AM PDT

By ForexMansion.com

 
The EUR/CHF pair fell this past week, breaking through the 1.20 level. Because of this, we are getting more bearish this pair as we could see the all-time lows give way. If we get a bounce, we also like the idea of selling rallies as this pair has been so bearish over the last couple of years.

Originally posted here

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AUD/USD Technical Analysis For The Week Of July 11, 2011

Posted: 08 Jul 2011 09:59 AM PDT

By ForexMansion.com

 
The AUD/USD pair fell this past week, but ended up forming a hammer at the top of the range from the previous week. This is very bullish, and it suggests that the 1.07 area is going to hold as support. Because of this, we like buying at the levels with the expectation of seeing 1.10 again, and very soon.

Originally posted here

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AUD/NZD Technical Analysis For The Week Of July 11, 2011

Posted: 08 Jul 2011 09:58 AM PDT

By ForexMansion.com

 
The AUD/NZD pair fell this past week as it tries to retest the 1.28 level. As it closed just 45 pips or so above that level, we feel it certainly should make it there. The level is important, and if it gives way – we expect the pair to fall drastically from this level. The 1.32 on the upside needs to give way for the pair to rise on the long-term time frames.

Originally posted here

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Oil Technical Analysis For July 11, 2011

Posted: 08 Jul 2011 09:47 AM PDT

By CommoditiesMansion.com

 
Light Sweet Crude
The CL market fell hard on Friday as the jobs report out of America was so weak. However, it should be noted that the selling stopped right at the $95 support area, so this could show more underlying strength in the market than most people understand. The next thing we are looking for is a supportive candle from which to buy this market.

Brent
The Brent market had a fairly neutral day as the charts formed a doji right at resistance. This … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Technical Analysis For July 11, 2011

Posted: 08 Jul 2011 09:46 AM PDT

By CommoditiesMansion.com

 
The natural gas markets found themselves forming another hammer at the end of Friday, showing that the area that we find ourselves in is indeed support. The trading signal on this market is quite simple: buy on a break of both the Thursday and Friday highs. We don't like selling until we can hold under the $4 for a daily close.

Originally posted here

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Gold Technical Analysis For July 11, 2011

Posted: 08 Jul 2011 09:45 AM PDT

By CommoditiesMansion.com

 
Gold markets rose on Friday after the Non-Farm Payroll numbers came out at only 18,000 jobs added in June. The fear trade seems to be driving this market at the moment. However, the why doesn't matter – only the what. And the what is that this market is a buy only market currently. We think the $1,550 area might be resistance that can provide a dip form which to buy.

Originally posted here

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Oil Technical Analysis For The Week Of July 11, 2011

Posted: 08 Jul 2011 09:44 AM PDT

By CommoditiesMansion.com

 
Light Sweet Crude
The CL market fell hard on Friday but had a rather constructive week until that point. The market is currently treading water just under the $100 mark, and looks ready for a slight pullback. However, this may just provide the chance to buy oil at cheaper prices. We are looking to buy on supportive candles.

Brent
The Brent market has risen rather dramatically in the last 2 weeks as prices have got all the way up to the $120 neighborhood by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Technical Analysis For The Week Of July 11, 2011

Posted: 08 Jul 2011 09:43 AM PDT

By CommoditiesMansion.com

 
The natural gas markets are currently testing the $4 to $4.20 support area, an area that has been very supportive over the last several months. Because of this, we think that another run towards $4.90 to $5 is in the offering. The last few days of the week formed hammers as well – a typically bullish sign. We like buying and aiming for the next $0.50 or so in the markets.

Originally posted here

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Gold Technical Analysis For The Week Of July 11, 2011

Posted: 08 Jul 2011 09:42 AM PDT

By CommoditiesMansion.com

 
Gold markets rose this previous week as traders jumped back into the buy side of the market. It still looks very strong, and currently we are expecting a battle at the $1,550 area. If we can get above that level and hold it –we are going much, much higher. We don't like selling under any circumstance at the moment.

Originally posted here

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Gold Weekly Fundamental Analysis For July 11-15, 2011

Posted: 08 Jul 2011 01:38 AM PDT

By CommoditiesMansion.com
Last week was surely and strongly bullish on gold that ended with five straight days of gains and capped a strong weekly rise.
The metal rallied on the rising uncertainty in the market and renewed haven demand with slowing growth fears and deepening debt crisis.
This week, the metal will continue to be affected by the market sentiment with the major highlight on Europe and on the outlook for global growth.
Key aspects will be the euro area and the EU finance ministers … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Weekly Fundamental Analysis For July 11-15, 2011

Posted: 08 Jul 2011 01:37 AM PDT

By CommoditiesMansion.com
Natural gas prices fell last week on moderate weather conditions, in addition to the bigger than expected rise in natural gas inventories last week, where the EIA report showed that natural gas stockpiles increased last week by 95 billion cubic feet, compared with median estimates of 82 BCF and the prior estimate of 78 BCF, which pressured natural gas prices to drop, although natural gas prices recovered some of its losses on Friday amid expectations of warm weather … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Weekly Fundamental Analysis For July 11-15, 2011

Posted: 08 Jul 2011 01:36 AM PDT

By CommoditiesMansion.com
Crude oil prices returned back within the opening levels by the end of last week after the huge disappointment from the U.S. jobs report, which showed severe weakness in employment in June, opposite to expectations that were fueled last week by the better than expected ADP employment figure, which suggested strong growth in employment only to be quashed by the infamous jobs report, as it showed only 18,000 jobs were added in June, compared with median estimates of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Daily Fundamental Analysis For July 11, 2011

Posted: 08 Jul 2011 01:35 AM PDT

By CommoditiesMansion.com
Gold ended last week with strong gains and starts Monday with expected volatility as the pessimism remains dominant and with light fundamental load the metal might be pressured by some correctional moves.
The focus with the beginning of the week will be again on the debt crisis as the market trades pessimistically in light of the jobs report, as Asian markets are expected to start Monday with a downbeat reaction to the weak numbers.
Attention will also be given to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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