Autochartist – Daily Forex Update: EUR/GBP

Trading 11 avr 2012 Commentaire »
Autochartist has recently identified the high Quality Down Channel chart pattern on the daily EUR/GBP charts. The overall Quality of this chart pattern is rated at the 8 bar level as a result of the strong Initial Trend (measured at the 7 bar level), higher Uniformity (8 bars) and near maximum Clarity (9 bars).

EURUSD: Broadly Biased To The Downside

Trading 11 avr 2012 Commentaire »
While EUR may be attempting to stage a recovery, as long as it trades and holds below the 1.3387 level, our bias remains to the downside. The broader risk remains for the pair to weaken towards the 1.3003 level, its Mar 15'2012 low. On a cut through here, the 1.2975 level will be aimed at followed by the 1.2879 level, its Jan 23'2011 low.

EURJPY: Holds Below Trendline And 200 Ema, Downside Risk Points To 105.63

Trading 11 avr 2012 Commentaire »
Having broken and held below its key supports at the 107.75 level, its medium term trendline and the 106.79 level,its 200 daily ema, the risk is for EURJPY to weaken further in the days ahead.

AUDUSD : Trading du rapport sur l’emploi australien

Trading 11 avr 2012 Commentaire »
La croissance de l'emploi en Australie devrait s'accélérer en mars et un développement positif pourrait déclencher un fort renversement de l'AUDUSD alors que les participants au marché limitent les prévisions de baisse des taux.

GBP/USD Sets up a Range Between 1.5810 and 1.5940

Trading 11 avr 2012 Commentaire »
The GBP/USD bounced off the support area around 1.58, and has been trading just under 1.5950 in the 4/11 European and US trading sessions. The 4H chart shows that during US trading, the market has stalled near a recent range resistance, although it did reach beyond the previous high slightly. The GBP/USD is ranging roughly between 1.5810 and 1.5940.

U.S. Treasury Deficit Up 5.3% At -$198.2B In March

Trading 11 avr 2012 Commentaire »
The U.S. Department of the Treasury said today in its monthly statement that budget deficit rose 5.3 percent to -$198.2 billion in March from $188.2 billion, exceeding the median deficit of -$196.0 billion expected previoulsy.

Euro Builds Up Against Dollar As Stocks, Oil Advance

Trading 11 avr 2012 Commentaire »
Markets are on its way to recoup yesterday's losses as traders are charged back with more optimism about a probably available painkiller for Europe's debt crisis while U.S. traders saw a surprisingly good start for the earnings season - kicked off by Alcoa Inc yesterday, and now anticipate the Feder.

Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

Trading 11 avr 2012 Commentaire »
v USD pares recent gains as risk aversion wanes; import prices gain 1.3% month/month suggesting inflationary pressure may again be emerging; v EUR rebounds within its recent ranges as yields on both Spanish and Italian debt pull back from recent highs; ECB comments suggest that the Bank may maintai...

JPY – Bullish Momentum Tested in the 1H Time-Frame (USD/JPY, EUR/JPY, GBP/JPY)

Trading 11 avr 2012 Commentaire »
The Japanese Yen has extended its strength especially with the BoJ NOT mentioning any further stimulus measures for now. The slowing of growth in China forewarns risk aversion in the Asia region, which adds to the safe-haven flow that buoys the JPY.

AUD/USD – Preview – Can Employment Data Seal the Deal for May RBA Rate Cut?

Trading 11 avr 2012 Commentaire »
Will March Employment Data Be A Catalyst for AUD? Data for Australia this week showed that home loans fell at the biggest pace in since March 2011 while consumer confidence continued to decline in March. That continues this string of poor fundamentals from that economy and increases the pressure for the RBA to lower interest rates.