AUDUSD Forecast September 16, 2014, Technical Analysis
The AUDUSD pair went back and forth during the course of the day on Monday, showing the 0.90 level to be supportive though, which of course is very important as far as we can see.
ETF
Oil Prices Hit By Perfect Storm
Oil traders hoping for a slow down in the bearish trend, to enjoy a relaxing weekend away from the screens, may have been tripped up by the Chinese (FXI, quote) data which slipped out on Saturday, with industrial production coming in at 6.9% against a forecast of 8.8%, missing the forecast by some distance, and whipping up the perfect storm.
AUDUSD Collapses Under the Domino Effect
There was no hiding place for the Australian dollar last week, which came under relentless and remorseless pressure, with the December futures contract closing with yet another wide spread down candle on Friday, and further confirming the bearish picture for the Aussie dollar.
GBPUSD Daily Analysis – September 12, 2014
GBPUSD’s bounce from 1.6051 extended to as high as 1.6276, however, the bounce is likely consolidation of the downtrend from 1.7190 (Jul 15 high),
EURUSD Daily Analysis – September 12, 2014
EURUSD continued its sideways movement in a range between 1.2859 and 1.2987.
AUDUSD Forecast September 12, 2014, Technical Analysis
The AUDUSD pair broke higher during the course of the day on Thursday, but found the 0.92 level to be far too resistive in order to go higher.
Gold Bugs Crushed….Again
Gold has continued to remain heavily under pressure once again in today’s gold trading session, with the bears in full cry, as the precious metal moved relentlessly lower to trade at $1238.70 on the December contract at time of writing.
EURUSD Daily Analysis – September 11, 2014
EURUSD is forming a sideways consolidation in a range between 1.2859 and 1.2987.
AUDUSD Forecast September 11, 2014, Technical Analysis
The AUDUSD pair fell during most of the session on Wednesday, but bounce significantly off of the 0.91 handle, as we formed a massive hammer.
A Plateau of Price Action On The ES Emini
In a post several days ago, I described the recent price action for the major US indices as perhaps the most elegant we have ever seen, arching higher through August and into early September before reaching a plateau.