Sunday, December 11, 2011

DailyMarkets.com - Forex Trading: USDHKD Pressing Some Resistance

DailyMarkets.com - Forex Trading: USDHKD Pressing Some Resistance

Forex Trading: USDHKD Pressing Some Resistance

Posted: 11 Dec 2011 05:35 PM PST

On the chart below we see the USD rally at the end of last week has met the trending 21 day moving average and former trendline support above the 50% retracement of latest move. A break back above the 21day/trendline could push the pair back toward the November … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDSGD Moving Higher

Posted: 11 Dec 2011 05:34 PM PST

Despite seemingly 'positive news' toward a final resolution in Europe, Draghi dovish move on rates last week to help banks with liquidity  and no suitable financing mechanism to hold the union together through the planned fiscal austerity the market continues to view risk and the Euro in a negative light. On the chart below we see the USDSGD pair benefiting from this as it trades above the 50% retracement toward trendline resistance and the 61.8% retracement where perhaps some offers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down On Economic Data

Posted: 11 Dec 2011 04:50 PM PST

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Monday after the release of Australian data on Home Loans.

AUD/USD was trading at 1.0182, down 0.36% at time of writing.

The pair was likely to find support at 1.0049, Friday's low, and resistance at 1.0380, Thursday's high.

Earlier in the day, official data showed that The number of new home loans granted in Australia rose more-than-expected to a seasonally adjusted 0.7% last month from 2.2% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Slides As European Optimism Tempers

Posted: 11 Dec 2011 04:47 PM PST

Forexpros – The euro slid against the dollar Monday as optimism stemming from last week’s agreement among European Union countries to better coordinate fiscal policies tempered a bit, with investors shifting their focus to the United States ahead of key data later this week.

EUR/USD hit 1.3365 during early Asian trading, down 0.16% and slightly up from a session low of 1.3360.

The pair was likely to find support at 1.3282, Friday's low, and resistance at 1.3459, Thursday's high.

In … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Australia’s Trade Balance Rises Less-than-expected

Posted: 11 Dec 2011 04:40 PM PST

Forexpros – Australia's trade balance rose less-than-expected last month, official data showed on Monday.

In a report, Australian Bureau of Statistics said that Australia's trade balance rose to a seasonally adjusted 1.60B, from 2.25B in the preceding month whose figure was revised down from 2.56B.

Analysts had expected Australia's trade balance to rise 2.02B last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Australian Home Loans Rise More-than-expected

Posted: 11 Dec 2011 04:40 PM PST

Forexpros – The number of new home loans granted in Australia rose more-than-expected last month, official data showed on Monday.

In a report, Australian Bureau of Statistics said that Australian home loans rose to a seasonally adjusted 0.7%, from 2.2% in the preceding month.

Analysts had expected Australian home loans to rise 0.2% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down During The Asian Session

Posted: 11 Dec 2011 03:30 PM PST

Forexpros – The British Pound was lower against the U.S. Dollar on Sunday.

GBP/USD was trading at 1.5654, down 0.11% at time of writing.

The pair was likely to find support at 1.5561, Tuesday's low, and resistance at 1.5770, Thursday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.04% to hit 0.8538 and GBP/JPY falling 0.09% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up In Asian Trade

Posted: 11 Dec 2011 03:00 PM PST

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Sunday.

USD/JPY was trading at 77.64, up 0.03% at time of writing.

The pair was likely to find support at 77.14, Thursday's low, and resistance at 77.86, Tuesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.18% to hit 1.3362 and GBP/USD falling 0.15% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 11 Dec 2011 02:25 PM PST

Forexpros – The Euro was lower against the U.S. Dollar on Sunday.

EUR/USD was trading at 1.3369, down 0.13% at time of writing.

The pair was likely to find support at 1.3282, Friday's low, and resistance at 1.3459, Thursday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.04% to hit 0.8538 and EUR/JPY falling 0.12% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

INTRADE ODDS: Newt Closes In On Mitt

Posted: 11 Dec 2011 11:34 AM PST

Current Intrade odds have Romney’s chances down to 40.2% and Gingrich’s chances up to 36.5%, which is the smallest-ever Romney-Gingrich gap at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: AUSTRALIA 200 (AUS200)

Posted: 11 Dec 2011 04:31 AM PST

By ForexMansion.com
By, James A. Hyerczyk
The Australian 200 (AUS200) index CFD formed a rare Gartley Fibonacci pattern on the 240-minute chart. The Gartley Fibonacci pattern is a reversal pattern that can appear in all time frames. This pattern is usually formed near important support or resistance levels such the 50 percent level of a major range. Once this pattern is confirmed, it typically reverses into a series of Fibonacci retracement levels.

The pattern that has set up is known as a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weekly Index Update: E-mini S&P 500 Futures

Posted: 11 Dec 2011 04:02 AM PST

By ForexMansion.com
By, James A. Hyerczyk
The 30-minute E-mini S&P 500 futures chart has formed an emerging flag pattern. Based on the number of successful touches of the uptrending resistance line, Autochartist is suggesting a continuation move to the downside. Although the chart pattern formation has been confirmed, the lack of follow-through to the downside suggests the possibility of a reversal move to the upside.
This can be deemed a dangerous short trade; however, the risk/reward … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weekly ASX Update: Automotive Holdings Group Limited (AHE.AX)

Posted: 11 Dec 2011 04:02 AM PST

By ForexMansion.com
By, James A. Hyerczyk
Automotive Holdings Group Limited recently ran into a wall of resistance near 1.91, triggering a gap to the downside and a subsequent break through the support line of a triangle chart pattern on the 60-minute chart. The size of the last candlestick suggests strong momentum that should lead to a near-term test of the Autochartist forecast price zone at 1.81 to 1.76.

The overall quality of the chart pattern is rated 6-bars. The initial trend which … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 11 Dec 2011 04:02 AM PST

By ForexMansion.com
By, James A. Hyerczyk
The FTSE 100 index rallied with a vengeance on Friday.  Although the index closed lower for the week, the solid finish put the market in a position to continue the move this week. The question that traders have to be asking is whether this index has the buying power and upside momentum to accomplish the task. The price action was strong but the volume was weak, once again indicating that short-covering rather than strong buying may have been … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Unleaded Gas

Posted: 11 Dec 2011 01:31 AM PST

By ForexMansion.com
By Jonah S. Ford
Unleaded Gas held key support at the $4.00 per gallon level before reversing higher to form a potentially bullish pattern for the week ahead. The price has been meandering inside of a large downtrend that forms a Flag chart pattern on the hourly time frame.

After rebounding from the price support shown at $3.98 per gallon, the market pressed gradually higher to the upper resistance trend line created by the flag. Monday's session should either confirm a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weekly Commodities Update: Gold

Posted: 11 Dec 2011 12:31 AM PST

By ForexMansion.com

By Jonah S. Ford
A chart analysis of the Comex Gold futures reveals the week ahead may prove to be a pivotal one. Autochartist has identified multiple support lines on the Key Level indicator platform. These key levels are all converging between $1,700 and $1,708 per ounce, which lies just beneath Friday's trading range.

Gold has already rebounded from this support zone several times in recent rally attempts. The rallies have met resistance as broader commodities and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

No comments:

Post a Comment