Posted by: in Forex News, tags: Asia Markets, Australia Miners, Australian Dollar, Commodity Producers, Downside, Excerpt, Face Pain, Forex Market, Forex News, Global Demand, Market News, Market Watch, News Sources, Term Share, Watch News
News Sources wrote an interesting post today on
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A rising Australian dollar is often a sign that global demand for resources is recovering, but its downside is that it’s seen hurting shares of the nation’s commodity producers in the near term.
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Posted by: in Forex News, tags: Aud Usd, Aussie, Barcelona, Eur Usd, Euro, Excerpt, Fxstreet Com, Greenback, International Traders, News Sources, Technical Strategist, Term Share, Uptrend, Video Interview
News Sources wrote an interesting post today on
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An exclusive interview with James Chen, Chief Technical Strategist at FX Solutions, recorded at the FXstreet.com’s International Traders Conference 2009 in Barcelona. James gave us his forecast for the EUR/USD and AUD/USD. He expects the Euro and Aussie to continue its uptrend against the Greenback in the mid-term.
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News Sources wrote an interesting post today on
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The 100 day MA for the GBPUSD comes in at the 1.6349 level. The price has moved above the level today on a number of occassions, most recently to a high of 1.6367 but each time the price has moved back lower. The level is more important on a daily close. However, the market will be paying attention to the level intraday as well. If the price trades above - buy. If the price trades below - sell. It should have a influence on trading intraday as well as being important longer term.
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Posted by: in Forex News, tags: Deflation, Economic Growth, Excerpt, Feds, Fisher, Inflation Pressure, News Sources, Price Stability, Risk, Term Share
News Sources wrote an interesting post today on
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Deflation poses a risk to price stability Economic growth to remain sluggish for some time Expects inflation pressure to remain low in the near term.
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News Sources wrote an interesting post today on
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Comment: Very tricky as Fed Fund futures price in rates at 0.165% this September, rising to 1.00% in a year’s time, benchmark two-year TNote yields drop to 0.88% (close to December’s all-time low at 0.6125%), and front month Eurodollar futures showing small signs of instability at record highs (99.685 front Sep). This March contract continues working in a potential ‘broadening top’ and is still very overbought. Strategy: Possibly attempt tiny shorts at 99.315; stop above 99.380. Short term
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