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Showing posts with label Poised. Show all posts
Showing posts with label Poised. Show all posts

Thursday, July 19, 2012

USD index lower tip on RBA policy poised for correction, AUD to mark

19 July 2012 15: 55 GMT USD_Index_Poised_For_Correction_AUD_To_Mark_Lower_Top_On_RBA_Policy_body_ScreenShot066.png, USD Index Poised For Correction, AUD To Mark Lower Top On RBA Policy although the Dow Jones FXCM US dollar index (ticker: USDollar) 0.17% remains lower open, we may look at the rebound of 10.036 speed gain, in the next 24-hours trading as the 30-minute relative strength oversold index territory back jumps. In fact that whole series of gloomy developments from the world's largest economy seems will weigh on market sentiment, and see we perhaps currency traders continue to their risk-taking back when headlines from Europe fears fuel for scale infection. The EU is fighting to curb the increase in borrowing costs in Spain, the continued turmoil in the eurozone can continue to SAP investor confidence and perhaps we provide a flight to safety in the days when the group maintains a reactionary approach in dealing with the debt crisis emerge. USD_Index_Poised_For_Correction_AUD_To_Mark_Lower_Top_On_RBA_Policy_body_ScreenShot067.png, USD Index Poised For Correction, AUD To Mark Lower Top On RBA PolicyAre planned as euro-zone finance ministers, Spain EUR bailout discuss 100B today Germany is likely to vote in favor of the extraordinary action and movement can support risk-taking behavior, as it reduces the ongoing turmoil in the financial system. The development can however fail to encourage a meaningful rally in risk, as the new initiative does little to the cause of the debt crisis, and we should see that the European Central Bank will continue to go on its easing cycle than the Governments under the fixed exchange rate more and more on financial support instructs you. Although the USDOLLAR not up keep up trending channel within the wider trend, we will remain optimistic for our forecast, as long as it keeps the June low (10.025) above. The relative strength index, the upward trend of this year claiming that we should how a rebound get to the end of the week, and we are looking for dips in the greenback to buy, as risk sentiment pointed running seems to be way.
USD_Index_Poised_For_Correction_AUD_To_Mark_Lower_Top_On_RBA_Policy_body_ScreenShot067.png, USD Index Poised For Correction, AUD To Mark Lower Top On RBA PolicyThree of the four components advanced against the greenback, led by a 0.57 per cent rally in the Australian dollar, but the bull market dynamics in the AUDUSD might be an end approaches, while the relative strength index overbought territory approaches. The fundamental Outlook for the economy of Australia is generally expected $1T continue to throw a bearish Outlook for the Aussie dollar, such as the Reserve Bank to deliver further interest rate cuts in the coming months and the Central Bank a leader to hit continue to sound for the monetary policy should, as the slowdown in China - Australia's largest trading partner - puts a damper on the prospects for economic growth. In turn, we seek the short-term rally in the AUDUSD fade, and we would have to keep see the pair below the high April (1.0473), to maintain our bearish forecast.

Wednesday, February 1, 2012

Wall Street Poised to End in Red on Consumer Confidence

(eToro Blog) Wall Street is poised to end the last day in January in the Red. Wall Street indices were down after the Conference Board reported that its gauge of consumer confidence fell in January. The confidence index fell to 61.1 in January from 64.8 in December. Consumer confidence dropped as sentiment on business conditions and employment declined from the previous two months. In another report, the S&P Case Shiller index reported that home price index dropped 1.3%. For the year, the index measured a 3.7% drop in home prices. This confirms with the statements from Fed Chairman Ben Bernanke that the housing market remains week and continues to make it difficult for the Fed to rescue the economy.


With Wall Street looking to end the last day in the red, OpenBook trader joker811 has been very actively trading the indices. This traded started shorting the DJ30, NSDQ100 and SPX500 in the European session and booked profits on several trades including a massive 22% profit on a short SPX500 position. This trader focuses on trading in the indices and EURUSD. The trader is up 15% so far this week primarily because of their wins in trading indices.


Wall Street was slumped in the red today with the Dow down 61 points, the Nasdaq down 9 points and the S&P 500 down 4 points at the time of writing this report. While European indices ended in the positive today on progress made at the EU summit, Wall Street reacted negatively to declining confidence and home prices. Traders on OpenBook are primarily short the Dow (DJ30) with average limits at 12,450 and stops at 12,750.


OpenBook trader qur1024 is another trader who has been mixing up his currency trading with indices. This trader too focuses on the EURUSD but also watches the SPX500. The trader allocates 18% of their portfolio to SPX500 and booked several profitable trades in the past several days as high as 20.83%.


Another OpenBook trader who benefited from the EURSUD drop today is trader Zapdos. This trader shorted the EURUSD near 1.3176 and closed it near 1.3123 for a 212% gain. This trader has closed other EURUSD trades as well this morning with gains ranging from 8% to 28%. In addition the trader is holding short positions on SPX500 with floating profits of 17% and 21% respectively.