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December 28, 2011 - The AUD/USD Consolidates

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By Forextvblog on
Forex Trading TV Blog
AUD/USD The AUDUSD has once again returned to test the key price range of 1.02-1.04, pulling back from the recent slide down to .9900.  The 50 and 200 EMA curves have converged and are moving sideways, indicating the market is largely trendless.  A break below the recent .9900 swing low could indicate a resumption in the downtrend, while a break through 1.04 would mark an attempt to move higher. USD/CAD A large consolidation triangle is forming in the USDCAD, as the price range between peaks and valleys grows increasingly narrow.  P... ( read more )

Daily Forex News

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By Forextvblog on December 28, 2011 -
Forex Trading TV Blog
The broad markets largely produced a day of sideways trading as thin volumes continued to take their holiday toll. The major currencies produced consolidated movement throughout Tuesday as data and news proved to lack impetus. There will be no major data releases today and this will leave existing sentiment as king. While the European financial crisis continues to lurk in the shadows it is highly unlikely that any big developments will unfold before the New Year. The EUR/USD pair, followed by the GBP, AUD, and JPY performed nearly dormant on Tu... ( read more )

December 27, 2011 - Volume expected to increase today Forex and broad market...

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By Forextvblog on
Forex Trading TV Blog
Volume will begin to increase slowly to the Forex and broad markets today. The EUR/USD pair will be of interest to watch as traders begin to test its ranges. The GBP and AUD will both follow the EUR, but it should be noted that the U.K. and Australia are celebrating Boxing Day. Many equities markets will open today, being led by Wall Street which investors will use as a barometer. It should be noted however that normal market volumes will not return until perhaps late next week after the New Year’s holiday and until then correlations for trad... ( read more )

December 26, 2011 - The EUR Short Squeeze Presents Opportunities

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By Forextvblog on
Forex Trading TV Blog
The overstretched market positioning has allowed for a bit of a EUR short squeeze on the back of a solid Spanish bond auction and strong US housing numbers. However, there are significant resistance barriers in the 1.3140 area. The most recent CFTC Commitment of Traders report shows speculators in the futures market have built their largest EUR short position since May 2010. As of last Tuesday speculators were holding -116k contracts short, up from -95k. The one sided positioning highlights the market's pessimism against the EUR but also bri... ( read more )

July 21, 2010 - The EUR Trades Higher from Risk Appetite ahead of Stress...

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By Forextvblog on
For the moment, anyways, the EUR continues to enjoy the spotlight while the market awaits the results of the recent stress tests. Risk appetite in the market has surged from a wave of optimism. A number of analysts have been concerned about the EUR's sudden surge, however, since there is little to support such movement. European debt concerns remain, growth continues to lag behind expectations, and the bank stress test results are due this Friday which may reveal just how bad off the region is financially. The US Dollar continues its decline a... ( read more )
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