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  1. EUR/USD Week of Jan 3rd to Jan 7th Outlook

    by , 01-02-2011 at 05:19 PM ( Forex Commentaries)
    [B]Recap of Last Week[/B]

    1-2-3 buy on 4-hour right off the start and run towards the 50% upside weekly expansion before the pair stalled. Euro then held up nicely at its week low and produced a even bigger 1-2-3 buy and tagged our resistance area (yellow zone) at the end of the week.


    [B]Next Week Outlook[/B]

    Last week close is also the close of last year/quarter/month. It will be the most important price level for the coming month.

    If previous week close acts as resistance, first stop for euro is 1.324 (red zone).

    If previous week close acts as support, first stop is 1.36 (green zone).

    [I](article reposted from[/I] ...
    Tags: eur/usd
    รูปขนาดเล็ก รูป  
  2. [Video] EUR/USD, GBP/USD, AUD/USD Before Year’s End

    by , 01-01-2011 at 12:52 PM
    [B]In an interview just before year’s end on Forex TV, I spoke with Julie Sinha about technical levels of EUR/USD, GBP/USD and AUD/USD, and what’s behind those moves. We also took a peek into 2011. Enjoy!
    [/B] While the Aussie had all the reasons to rise during the all the year and also into the next one, this week’s record breaking move was rather surprising – the Chinese rate hike during Christmas had a very small effect early on Monday. The Pound also enjoys strong support, stopping its fall. Will this continue in 2011? I don’t think so. EUR/USD traded in a rather wide range, as the low volume meant that small orders rocked it. When there are no bad news, the Euro could rise.
    [URL=""][B]See ...
  3. China Slows at the End of 2010 – Sign for 2011?

    by , 01-01-2011 at 09:23 AM
    [B]China’s manufacturing PMI unexpectedly fell, in the last release for 2010. Will this hurt the powerful Aussie, or be only a temporary bump like last week’s Chinese interest rate hike event? [/B]
    The purchasing managers’ index for the manufacturing sector disappointed with a drop to 53.9 points, instead of rising from 55.2 to 55.7 points, as expected. This figure was released during the new year weekend, as scheduled, so the market has time to digest this figure.
    Read the rest of the article about the [URL=""][I][B]Chinese Manufacturing PMI[/B][/I][/URL].
  4. Weekly forecast for Januar 3-7 2011

    by , 01-01-2011 at 08:54 AM
    [B]A New Year and a fresh start with US ISM Manufacturing PMI, US FOMC Meeting Minutes, American and Canadian Employment Data. Here is an outlook on the market movers on the first week of 2011. [/B]

    U.S. consumer confidence unexpectedly dropped in December slipping to 52.5 from 54.3 in November following disagreements in Congress, high unemployment rate, stagnant Housing market preventing economic growth. However analysts predict a full economic recovery is right around the corner.
    Read the rest of the [URL=""][I][B]weekly forex forecast[/B][/I][/URL].
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