Post Tagged with: "breakout"
New Zealand Rates Unchanged – Kiwi Makes A Roundtrip
The interest rate in New Zealand remained unchanged at 2.5%. In the official RBNZ rate statement, the first paragraph talks about recovery while the last paragraph hints of future rate cuts. The kiwi went down just before the statement only to go up. A similar knee-jerk reaction was seen with Non-Farm Payrolls. Such events are
Second Wave of Dollar Weakness Began
After yesterday’s dollar fall and breakouts, the greenback made a small recovery. At the start of the New York session, the dollar tumbles again. For some currencies, this means erasing the dollar’s gains. But for EUR/USD – this means new ground. The US dollar index is at new lows. Yesterday’s European session pushed most currencies
No Green Shoots for the Greenback
The US dollar gives in to pressure and falls across the board – with serious breakouts, including in EUR/USD. This time it isn’t only risk aversion: also the Japanese Yen falls, and the correlation between the two safe haven currencies is broken. US Dollar index is in the lowest levels in a year. Only the
Forex Daily Outlook – September 8th 2009
The week opened with a breakout of NZD/USD and the confirmation of the AUD/USD breakout. The dollar’s weakness is felt across the board. Without any major American releases after the Labor Day holiday, British Manufacturing Production and German Industrial Production are the highlights of today. Let’s see what’s up for today. Australian NAB Business Confidence continued the
EUR/GBP Awaiting a Breakout
This morning’s influx of European figures was good, while British numbers were disappointing. This sent EUR/GBP to the high end of the range but didn’t supply a breakout. Will we see EUR/GBP jump? German job market improving German Unemployment Change was excellent: The number of unemployed people in Germany fell by 1000 people. The number
Forex Links for the Weekend – March 14 2009
Here are some very interesting reads that I’ve gathered this week from blog / sites that I like and read regularily: FX360 talks about the G20 summit in Sussex, reviewing past G20 and G7 meetings. Lena seeks a breakout in the most popular pair, EUR/USD. FX Instructor makes a good technical summary on the same pair:
USD/JPY on the March
The Japanese Yen began retreating today, with the USD/JPY above 99. It comes ahead of the ADP Non-Farm Employment Change and of the ISM Non-Manufacturing PMI – two major US figures that will shake the markets. USD/JPY crossed the 99 mark, and is now trading at 99.33. The break of 98.70 resistance line came in the late