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Dailyfx
Joined: Sep 16, 2008
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After a brief shock to market-wide risk trends, many of the currency market’s most liquid pairs have pulled back to close out the week. For GBPUSD, however, the market’s surge highlights a... -GBPCHF vulnerable to a drop below 1.6160 but larger trend is bullish -GBPAUD breaks above trendline and 200 day SMA Last week, I wrote that “the rally consists of a clean 5 waves, so ... Current Yesterday USD 0.13625 0.11750 GBP 1.51250 ... Update - New Zealand Weakness To Continue Before Short Reversal (Forex Hedging Strategy)By - Jan 12, 2009 In our original article we advocated an overall long position in the Australian Dollar against its New Zealand counterpart. We also felt that a short-term southward bias would ensue once the pair ... The dollar gained some ground back in the Asian trading session, after the sell-off NY but the move was seen as position-adjustment ahead of the all-important U.S. non-farm payroll data. Fundamentals ... The USDCHF fell in 5 waves from the November high (1.2303) and a correction of that decline is underway now. There is a bullish opportunity against 1.0861 and the initial target would be 1.15 ... A relatively volatile week has ended, yet the broader market has not taken up trend on risk sentiment. This remains one of the greatest fundamental threats to range conditions in the currency ... |