Submitted by BBFX Blogger on Thu, 08/18/2011 - 06:04
As we have seen in the previous week with the all the fear and volatility, investors are running back into gold breaking back above the 1,800 level.
Submitted by BBFX Blogger on Thu, 08/18/2011 - 05:48
The DJIA, S&P 500, and Nasdaq all closed nearly flat yesterday (08/17/11). Overnight we now point to a lower U.S. open with the SPX 500 sitting at 1,168.4 (6:45 a.m. 08/18/11)
Submitted by BBFX Blogger on Wed, 08/17/2011 - 07:31
The SNB has not intervened with a peg and has only continued to pump liquidity in the Franc to decrease its value. We now look to target 0.7775 area again, if not broken look for a rebound back to 0.8000
Submitted by BBFX Blogger on Wed, 08/17/2011 - 07:12
EUR/USD is looking to break through 1.4500 area and the downward consolidation is starting dissipate. A large breakout is long overdue, be sure to play it safe as it could go either way to the upside or downside at this point.
Submitted by BBFX Blogger on Tue, 08/16/2011 - 07:33
USD/CHF is now off its high of 0.7990 after a 900 pip rally from its base of 0.7069. We now sit just above the 0.236 fib. If looking to sell this pair, be sure to take caution as many say it is overvalued and all the Euro peg rumors that are being thrown around.
Submitted by BBFX Blogger on Tue, 08/16/2011 - 07:10
The most liquid pair EUR/USD had tried to make a shot to break above 1.45 yesterday, but failed. We now continue in a consolidating downtrend as we have been. This pair can be very frustrating with what little price action we have seen compared to some other pairs such as USD/CHF and AUD/USD. A major news event will be required to move this pair below 1.40, as it has held up through all of last week’s volatility.
Submitted by BBFX Blogger on Tue, 08/16/2011 - 06:33
Futures point to a lower open based on the German GDP figure, which revealed the economy was nearly at a standstill in the second quarter. The next major event risk we have is the US building permit figures at 8:30 a.m. The markets look to put in bearish day for equities, but we may have to wait until the building permit data sets the trend at 8:30 a.m.
Submitted by BBFX Blogger on Mon, 08/15/2011 - 09:52
Dollar continues to decline as equity markets rally off of less than estimated TIC data (actual 3.7b vs forecasted 30.4b)
Submitted by BBFX Blogger on Mon, 08/15/2011 - 07:33
As of 8:00 am ET 08/15/11 the US 30 sits higher than last Fridays close. We look to open about 60 points higher. Today’s price action may be similar to last Fridays, AUD/USD may be a closely correlated pair to keep an eye on.
Submitted by BBFX Blogger on Mon, 08/15/2011 - 06:54
For the EUR/USD pair we still continue to make lower highs and consolidate with the 200 day moving average. EUR/USD may result in lower price volatility with France and Italy having a holiday today.