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Swiss Central Bank surprises market
Comments from SNB board member that rates will not be able to stay low indefinitely caught investors by surprise. Lately some positive signs have emerged from Switzerland showing private consumption rose 2.05% and unemployment topped out at 4.5%. In the SNB meeting last week the SNB reiterated it is committed to keep the CHF [...]
Continue reading...Trading Opportunities, Mar 18
18. March 2010
Long Term Analysis USD.CHF, Daily General Overview- The Pair is getting close to the 200 day moving average at 1.047 which posses a strong support. Since we see the major long term trend we see a good potential of the pair to resume the major bullish trend at that area. Trading Advice- Place your stop loss under 1.04-1.045 [...]
Continue reading...Trading Opportunities
15. March 2010
Around the U.S Interest Rate Announcement Dear Trader, The U.S Interest Rate will be released today, March 16th at 6:15pm GMT. Due to the expected influence of the announcement on the Forex market, we have collected for you a few trading ideas, which you might consider to take advantage of prior to the rate announcement - EUR.USD, Hourly Trading [...]
Continue reading...Weekly Market Report 15th Mar , 10
14. March 2010
Riskier assets soared higher during the week as equities and petroleum surged forward and the dollar retraced. The Euro, the Aussie dollar, the loonie and the pound all presented solid returns. On Monday, the markets focused on economic news out of Asia. A record rise in exports helped Japan’s current-account balance swing back to surplus in [...]
Continue reading...Will Retail sales lift risk appetite?
12. March 2010
Today the retail sales figure is due with investors eyeing a fall of -0.2% MoM. Although the figure expected is negative investors bet on a March rebound in sales as snow storms and harsh winter conditions are considered to be the factors behind the dented February sales. Since the credit crisis has erupted consumer spending [...]
Continue reading...Gold under pressure
11. March 2010
Gold shed more than 30$ from its price in recent days settling around 1,108$, as Greek debt woes and lower risk appetite loomed. Although in the FX arena the Dollar trade rather stabilized with the Euro and the Sterling rebounding from their lows Gold remained under pressure. China has [...]
Continue reading...Technical Update-Gold
11. March 2010
Long Term Trading Advise- Current risk reward ratio for a long term bearish trend is rather high, wait for a rebound around 1,120$ and use the 1,130$ key resistance to place your stop loss above it, ride the bearish momentum with 1,072$ as your target. Short Term Trading Advise-For the short term trader a good risk [...]
Continue reading...Market Technical Update
10. March 2010
Trading advice: Trade with the range Although the pair is currently trading sideways on a daily basis, a good idea would be to take advantage of the current range for short term trading. The pair has found support around 1.352 and since then has slowly rebounded..Use the 1.352 as support with a target of the 1.369. [...]
Continue reading...Daily Market Review for 10th, Mar 2010
10. March 2010
The markets presented an unstable session yesterday, bouncing at the opening bell, only to close with minor gains. Cisco has been a major mover over the last couple of trading days and has helped to drive techs to higher ground. According to recent news headlines Cisco has stated that its new high-speed data router has [...]
Continue reading...FX sentiment cautious, Euro and Sterling slide
8. March 2010
The Euro and the Sterling gave up earlier gains from last week as risk aversion play weighed on the high yielders. Last week the high yielding currencies among them the Euro and the Sterling were able to recover losses and rebound against the Dollar and the Yen as better than expected job figures lifted [...]
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19. March 2010
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