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FXEmpire's Commentaries

Showing Posts 1 - 15 out of 1000 found.

Crude Oil Eases in Asian Trading

By FXEmpire.com As of this writing, crude oil prices are trading almost flat at $96/bbl in international market although price is showing a bit of weakness in Asian trading on Tuesday morning. Concern of China easing after property price rose high in July is weighing in Asian equities market. Thus, lower equity market might be weighing on oil futures prices. Ahead of tomorrow's meet of...

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Is there life for the EURGBP after the Olympics ?

By FXEmpire.com Yesterday the price swings in the EUR/GBP cross rate basically followed the price pattern of the EUR/USD headline pair. UK Rightmove house prices were below consensus but had hardly any impact on sterling trading. The pair filled offers in the 0.7870 area early in the session as markets reacted to headlines from the article on ECB bond buying in Der Spiegel. However, last...

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Optimism Supports Gold

By FXEmpire.com The Asian equities opened on a stronger note on hopes of increased optimism over the Euro-zone leaders meeting scheduled this weekend, however the strength remains weak. Presently, the market is rather confused regarding the Euro-zone's development and lack of easing from China and US (the major global economies). This morning base metals are trading down by 0.05 to 0.27...

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US Dollar Index Forecast August 21, 2012, Technical Analysis

By FXEmpire.com The US dollar had a back-and-forth session on Monday, as denoted buying the Dixie. This contract is currently sitting just above the 82.50 handle, and as such is sitting on top of an uptrend line. We have been trading in the channel for some time, essentially the entire summer, and we think that eventually we will break out of this channel. Of course, the real question is in...

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USD/JPY Fundamental Analysis August 22, 2012, Forecast

By FXEmpire.com Analysis and Recommendation: The USD/JPY is trading at 79.29 as the US dollar continues to drift downward. There is no single element that can be blamed for the dip in the dollar index, but investors are looking waiting on home sales number which could be the deciding factor in monetary stimulus for the US as hopes have faded with better than expected eco data last week....

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S&P 500 Index Forecast August 21, 2012, Technical Analysis

By FXEmpire.com The S&P500 Index had a fairly interesting session on Monday, as it initially fell only to turn around and bounce to form a hammer. The hammer of course is pressing the resistance level above which is also considered to be massive in its go. The 1425 level represents the highs from April, and this would in fact be a return trip from that fall if we were to clear it. The...

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AUD/USD Fundamental Analysis August 22, 2012 Forecast

By FXEmpire.com Analysis and Recommendation: The AUD/USD gained momentum on Monday and traded above the 1.05 level again, but dipped ahead of the RBA meeting minutes. The pair is trading at 1.0481 regaining momentum after the release showed a positive view of the economy. The main event for markets this week would be RBA Governor Glenn Stevens' speech to the House of Representatives...

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FTSE 100 Index Forecast August 21, 2012, Technical Analysis

By FXEmpire.com The FTSE 100 Index had a positive session during the Monday trading day, to continue with the consolidation just above the 5800 level. The market looks like it's trying to build momentum to breakout above the overhead resistance, which we see as being settled around the 5900 to the 6000 level. Our suspicion is that the trading world is simply waiting for the volume to come...

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EUR/JPY Fundamental Analysis August 22, 2012, Forecast

By FXEmpire.com Analysis and Recommendations: The EUR/JPY declined to trade at 97.99 on Tuesday morning. The EUR/JPY cross is in a struggle as the Euro slightly bounces from recent downside in the FX market while the Japanese Yen strengthens since the US session on a wave of "risk off" sentiment. The ECB fully rejected Der Spiegel's report about the plan to cap yields in the Spanish and...

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Dow Jones Industrial Average Forecast August 21, 2012, Technical Analysis

By FXEmpire.com The Dow Jones had a very similar day to the S&P 500, as it fell originally but found support later in the day to form a hammer. This hammer is pressing up against the massive resistance at the 13,300 or so level, and as such we think that a breakout is coming. Certainly, we can see that we are at the top of some type of resistance line, almost a up trending channel but...

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NZD/USD Fundamental Analysis August 22, 2012, Forecast

By FXEmpire.com Analysis and Recommendation: The NZD/USD gained its momentum back after the US declined in Monday's session. The kiwi is trading at 0.8109 It was a sleepy day around the world on Monday, with markets waiting for the FOMC meeting minutes on Wednesday. The ECB caught trader's attention on rumors of a program to cap bond yields but it was just rumor at present. Markets are also...

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EUR/USD Forecast August 21, 2012, Technical Analysis

By FXEmpire.com The EUR/USD pair had a back-and-forth session during the Monday trading day, to in the session and basically unchanged. The candle is very neutral, and sitting on an uptrend line from the rising wedge that we've been talking about. This suggests to us that the 1.23 level is going to act as support, and as such we think the market will continue to rise. We still see the 1.24...

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USD/JPY Forecast August 21, 2012, Technical Analysis

By FXEmpire.com The USD/JPY pair fell during the Monday session after initially trying to push higher. This shouldn't be much of a surprise, as it has surged so high in such a short amount of time. This could be the pullback that many of the bullish in this market have been waiting on as the move has been so sudden. We still see the market as a "buy only" one, but think a pullback is needed...

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GBP/USD Forecast August 21, 2012, Technical Analysis

By FXEmpire.com GBP/USD rose during the Monday session, but was repelled again just above the 1.57 level. This area has acted as massive resistance over the last few weeks, and we think that it is without a doubt the most important level on this chart. We think that resistance runs all 100 pips higher, and as such are looking to buy a daily close above the 1.58 level. Even with all of this...

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EUR/GBP Forecast August 21, 2012, Technical Analysis

By FXEmpire.com The EUR/GBP pair fell during most of the session on Monday, but did bounce in order to form a hammer. The 0.7850 level looks to be supportive at this point in time, and it bounced does seem likely. However, we don't like buying the Euro in general and will more than likely pass on this signal. After all, the trend is decidedly negative, and there is nothing that has changed...

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