Posts Tagged ‘Breaks’
“One important memory of 1990 in Japan is that dramatic things were happening in the equity markets, with share prices falling day after day. But the economy seemed to be unaffected. It went on growing quite strongly, in fact, for almost two years. A lot of economists and other observers concluded that the financial drama [...]
I have recently been talking about the range-bound nature in the markets of late and how good trading opportunities are available to trade between those ranges. Most notably, I highlighted the British pound (GBP/USD) as one such opportunity.
Well there is also another opportunity that is available, and occurs when the range breaks out or breaks [...]
It’s not the voting that’s democracy, it’s the counting. ~ Tom Stoppard Good morning. Euro’s sell-off continues in risk-off trade after yesterday’s Fed statement and remains under pressure ahead of bond auctions in Europe. USD Index Horizontal resistance has been breached, so it’s time to see whether the dollar will hold above the said barrier which [...]
So the grand plan and final resolution was fianlly released late last night and the market has responded favorably at this point. This is the European “bazooka” that the market has been calling for and there was nothing extraordinary about this release.
So the market has responded with continued risk appetite, and table appears to be [...]
As we predicted on Monday, the Aussie has broken out vs. USD and is now trading firmly above parity as risk appetite has returned to the markets. Global stocks and commodities are up as the marekt believes that a resolution to the Euro debt crisis is near.
In addition, a strengthening Chinese Yuan may actually be [...]
The British Pound (GBP) appears to have broken out of a nasty downtrend which had seen world markets tank as the US dollar strengthened. Problems in the Euro zone with their debt crisis increased fears in the marketplace which went into risk aversion mode. “Operation Twist” by the US Fed also helped increase short-term demand [...]
London Gold Market Report
from Ben Traynor
BullionVault
Monday 5 September, 08:00 EDT
THE U.S. DOLLAR gold price stuck its nose above $1900 an ounce Monday morning London time – its first breach of that level in nearly two weeks – before easing back towards lunchtime.
The silver price, by contrast, fell to a low of $42.42 per ounce – [...]
The 240-minute chart of the AUD/USD has broken through the resistance of an Ascending Triangle. Ascending Triangles are made up of a more horizontal resistance level and a the support of an uptrend line. They are also best traded within the context of a sideways market phase such as the one seen here as prices [...]
The break higher in the EUR/USD has carried the pair to 1.4250 where psychological level resistance at the “50″ pip has pushed price lower and broken the uptrend line support of the Rising Wedge pattern. This pattern is a trending pattern that should ideally form within the context of an uptrend and has three possible [...]
