Technical Analysis

Forex Strategy Outlook: Financial Stresses Favor Volatility Trading

September 13, 2011
By
Forex Strategy Outlook: Financial Stresses Favor Volatility Trading

DailyFX Individual Currency Pair Conditions and Trading Strategy Bias DailyFX+ System Trading Signals –Breakout2 has started yet another week with strength, consistently outperforming on strong market volatility. Yet it serves to note that Breakout2 and other SSI-based strategies (including Momentum1 and Momentum2) took a sizeable hit on Swiss National Bank intervention in the EURCHF...

Read more »

Demand for Safety Continues Following Italian Bond Sale

September 13, 2011
By
Demand for Safety Continues Following Italian Bond Sale

Fundamental Headlines • Merkel Eschews ‘Uncontrolled Greek Insolvency’ – Bloomberg • Obama May Limit Tax Breaks on Muni Bonds – Bloomberg • Geithner Heads to Europe as Debt Fears Mount – Reuters • Italy Under Pressure as Debt Worries Grow – Reuters • Stock Futures Hover Around Break-Even – WSJ European Session Summary Although...

Read more »

USD Correction On Tap, Aussie Weakness To Accelerate

September 13, 2011
By
USD Correction On Tap, Aussie Weakness To Accelerate

DJ FXCM Dollar Index The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.07% higher on the day after moving 93% of its average true range, and the near-term correction may gather pace as the greenback appears to have carved a near-term top just below 9800. In turn, the dollar index threaten the upward...

Read more »

USD/CAD Offers Short Scalp Targets on Dollar Correction

September 13, 2011
By
USD/CAD Offers Short Scalp Targets on Dollar Correction

A daily chart shows clear RSI divergence after the pair tested upper-bound trendline resistance of the long-term descending channel dating back to May 2010. A downward sloping RSI suggests further downside moves with a dip below the 50-mark which has held since early August. The recent surge in the greenback is likely to taper...

Read more »

FOREX: Euro Looks to Italy Debt Sale for Direction, Pound May Rise

September 13, 2011
By

Talking Points Euro Outlook Rests on Italy Bond Sale Outcome, China May Step In UK Inflation to Hit Highest Since May, Sinking Hopes for More QE All eyes turn to Italy in European trading hours as the Euro Zone’s third-largest economy taps the markets to auction off a tranche of bonds spread across 2016,...

Read more »

Crude Oil Set to Resume Selloff, Gold Outlook Appears Conflicted

September 13, 2011
By
Crude Oil Set to Resume Selloff, Gold Outlook Appears Conflicted

Talking Points Crude Oil Likely to Fall as SP 500 Futures Point to Risk Aversion Gold, Silver Fundamental Cues Conflict with Bearish Chart Setups WTI Crude Oil (NY Close): $88.19 // +0.95 // +1.09% Crude prices remain intimately tied to underlying risk appetite trends, with the correlation between the WTI contract and the SP...

Read more »

Forex Quotes