AUDUSD Daily Analysis – November 10, 2014
AUDUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 0.8910 had completed at 0.8540 already.
ETF
EURUSD Daily Analysis – November 10, 2014
EURUSD remains in downtrend from 1.2867, the rise from 1.2358 is likely consolidation of the downtrend.
AUDUSD Forecast November 6, 2014, Technical Analysis
The AUDUSD pair broke down during the session on Wednesday, breaking below the fresh lows and signifying that the market should head down to the 0.85 handle.
Oil Picks Up Bearish Momentum ….Again
For longer term oil traders it’s been a question of being patient and waiting, as the commodity continued to consolidate in a narrow trading range, following the extended move lower of early October, which saw the price of oil break through the floor of potential resistance in the $88 per barrel region, before moving down to consolidate in the $79 to $83 per barrel region, where it has remained since.
AUDUSD Forecast November 4, 2014, Technical Analysis
The AUDUSD pair continues to show significant weakness as we gapped lower at the open.
China’s PMI – Lowest is 5 Months
HSBC China (FXI, quote) manufacturing purchasing managers’ index (PMI) post no surprises from its earlier flash report of 50.4 for the month of October, a slight improvement over September’s 50.2 results.
Forex Markets Prepare For An Interesting Week Ahead
As another trading week and month gets underway, it’s time to take a look at several of the major currency pairs in the futures market ahead of what is likely to be an interesting time.
EURUSD Daily Analysis – November 3, 2014
EURUSD broke below 1.2500 support, indicating that the downtrend from 1.3700 (Jul 1 high) has resumed.
AUDUSD Daily Analysis – November 3, 2014
AUDUSD continued its sideways movement in a range between 0.8642 and 0.8910.
Trap Door Opens For Gold And Silver
For equity bulls, the nightmare is over for now. For gold and silver bugs it’s just beginning. If yesterday’s price action was concerning, the overnight news from Japan has opened the trap door for both metals, which has seen them plunge in early trading, as the Bank of Japan sent shock waves through the market announcing an acceleration of its bond buying program.