April 15, 2014
The Aussie is just taking a little breather on the overnight drain of liquidity in China. This kind of behaviour is seen as worrying but not really damaging to the prospects of the Aussie. In comparison the Smart Money (bonds) is still looking favourably on Australia according to Debelle: “The past year in the Australian… View Article
April 14, 2014
Gold seems to have recovered from the couple of weeks downturn after the Crimea stuff settled down. Using our in-house Fibonacci strategy, we have got long on the retraces to the 38.2 and 50.0 retracements of the Fibonacci from 31.12.2013 to 16.03.2014. The key to this strategy is that the magi 61.8 does not break… View Article
April 14, 2014
This afternoon we have seen dovish comments from ECB policy makers: – Bonnici stated that Negative deposit rate could impact EURUSD in the right direction. – Noyer stated that the more EUR appreciates, the more need to act The common message is that the ECB will act to combat the rise in EURUSD as it… View Article
April 14, 2014
EURUSD – This is the the quote that we are walking into this morning from Draghi: “The strengthening of the exchange rate would require, to make our monetary policy stance to remain equally accommodative, it would require further monetary policy accommodation, the strengthening of the exchange rate requires further monetary stimulus. That’s an important dimension for our price stability.” So… View Article
April 11, 2014
The pair has seen nothing but selling pressure since last Fridays disappointing NFP read, dropping almost 300 pips from last Fridays highs. Despite this all is not lost just yet for the bulls as we focus now on the key 100.75 key pivot point. The steep trend line on the chart coincides with this level… View Article
April 11, 2014
With talk from the ECB they are prepared to do easing it is a wonder why EURUSD is so high, we have now broken through support at the 1.3879 and we now eye the key 1.3835 as an important place for sellers to take out.
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