US Dollar at Critical Levels Ahead of Nonfarm Payrolls, ECB Decision
Panic stock market sell-offs set the stage for continued S&P weakness into what promises to be a critical week for the US Dollar and broader financial markets.
Archive for September, 2011
New Zealand Dollar Weakness To Gather Pace On Rate Expectations
The New Zealand dollar slipped to a fresh monthly low of 0.7606 and the high-yielding currency may continue to lose ground over the following week as the fundamental outlook for the isle-nation deteriorates.
Gold Outlook Remains Bearish On USD Strength
Gold traded heavy during the last week of September and the bearish sentiment underlying the bullion may carry into the following month as market participants diversify away from the precious metal.
AUDUSD and NZDUSD Break Multiyear Trendlines
The AUDUSD and NZDUSD have broken trendlines that date back to 2008 and 2009, respectively. Extended weakness faces initial objectives at 9400 and 7500.
Euro / Aussie Remains Solid Risk Baromoter: Focus on 14055
Continue to look higher in the EURAUD as long as price is above its Elliott channel and specifically 13779
Mary’s EUR/USD Analysis Wins This Week’s BYOA Contest
Congrats to Mary the newest winner of the Be Your Own Analyst contest! Watch her analysis of EUR/USD.
How to Space the Time Frames for Multiple Time Frame Analysis
Deciding which Charts to Use for the Analysis
