Posts Tagged ‘R1’
Wednesday, September 8th, 2010
New York 9-8-10
The Aud-Usd moved sharply higher following the release of Austrailian employment data.Australia’s dollar rose to a four- month high against the greenback after a report showed employers added more jobs than expected and the jobless rate fell.
Australia’s currency gained against all of its 16 major counterparts on speculation the data will increase pressure on the central bank to resume raising interest rates. New Zealand’s dollar was near a four-week high against the U.S. currency as Asian stocks gained, boosting demand for higher-yielding assets.
Baron Forex Research
Tags: 50MA, Add new tag, AUD/USD, Aussie, Australian, Baron Forex, Baron Fx, breakout, Cad, David Moore, ECB, economy, eur, Euro, Financial, Foreign Currency Trading, Global, Japanese Yen, Market Depth, minimum account, moving average, oversold, Precious metals, R1, RBA, traders
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Gasoline, Index Futures News, NY#2, RBOB, S&P 500, USD/CAD, USD/CHF, USD/JPY, Uncategorized | No Comments »
Friday, August 27th, 2010
New York 8-27-10
After a less bad Fed revision of 2nd Quarter GDP Risk currencies such as the Aussie showed sharp rallies in early New York dealings alleviating oversold conditions.
The world’s largest economy grew at a 1.6 percent annual pace, exceeding the median forecast of economists surveyed by Bloomberg News and down from an estimate of 2.4 percent issued last month, revised figures from the Commerce Department showed today in Washington.
Monday will be important day to wait and see if we can get strong follow through to the risk side of the fence. Currently we see a near term bottom at .8765 with resistance pegged at .9015 and up to .9185.
David Moore
Tags: 50MA, AUD/USD, Aussie, Australian, Baron Forex, Baron Fx, Ben Bernanke, breakout, bullish, ECB, economy, Fed, G-5 currencies, Global, Market Depth, pivot numbers, pivot points, R1, R2, R3, RBA, support, swiss, technical, traders
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Gasoline, Index Futures News, NY#2, RBOB, S&P 500, USD/CAD, USD/CHF, USD/JPY, Uncategorized | No Comments »
Tuesday, August 24th, 2010
New York 8-24-10
The Greenback is just pulling back after rallying sharply against the Majors in London overnight,pushing the Euro down to late June lows of 1.2587
Currently (14:30 GMT) we are witnessing a sharp retracement rally in the Euro. If the Eur-Usd can close in NY above the 1.2685 level we will have put in a near term low. As I have stated previously the FX markets are really based on a risk on risk off scenario and in many cases ignoring true fundemental factors.
David A. Moore
Tags: 50MA, AUD/USD, Aussie, Australian, Baron Forex, Baron Fx, breakout, bullish, David Moore, ECB, economy, Euro, Fed, Federal Reserve Bank, Financial, Foreign Currency Trading, forex pick, G-5 currencies, Global, institutional, Japanese Yen, minimum account, moving average, oversold, pivot numbers, Precious metals, R1, R2, R3, RBA, technical, Tim Geithner, traders, USD
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Gasoline, Index Futures News, NY#2, RBOB, S&P 500, USD/CAD, USD/CHF, USD/JPY, Uncategorized | No Comments »
Friday, August 20th, 2010
New York 8-20-10
The euro fell to the lowest level in five weeks against the dollar after council member Axel Weber said the region’s economy may need help from the central bank through the end of the year.
The shared currency dropped to the least since July 1 versus the Swiss franc after Weber told Bloomberg Television the ECB should assist banks to prevent year-end liquidity tensions. The yen headed for a weekly gain versus 15 of its 16 major counterparts on signs the global economic recovery is slowing, boosting demand for the currency as a refuge.
“They’re interpreting the comments as suggesting there is more ambiguity about how the ECB will respond down the road,” said Steven Englander, head of Group of 10 currency strategy at Citigroup Inc. in New York. “They’re nervous that the pragmatism may disappear down the road and that is generating that move in the euro.”
The euro fell 1.1 percent to $1.2683 as of 10:36 a.m. in New York, after touching $1.2673, the weakest since July 13. Japan’s currency was at 108.71 per euro from 109.49 in New York yesterday, after reaching 108.26, the strongest since July 1. The euro traded at 1.3171 francs from 1.3233 francs yesterday, after touching 1.3140 francs. The yen fell 0.3 percent to 85.68 per dollar.
Bloomberg By Catarina Saraiva and Bo Nielsen
Tags: 50MA, Add new tag, Aussie, Australian, Baron Forex, Baron Fx, breakout, bullish, Cad, ECB, economy, eur, Euro, Financial, Foreign Currency Trading, G-5 currencies, Japanese Yen, Precious metals, R1, R3, RBA, Tim Geithner, traders, USD
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Gasoline, Index Futures News, NY#2, RBOB, S&P 500, USD/CAD, USD/CHF, USD/JPY, Uncategorized | No Comments »
Monday, August 16th, 2010
New York 8-16-10
As we suspected would happen the Aud-Usd has again failed to find the needed momentum to push it to a test of the .9385 level.
While solid support is found at lower levels especially at the .8800 area we see a channel forming between .8785 to .9100 for the next 7 to 10 days. Expect the reduced August volumes to contrbute to the volatility, for the next several weeks.
David Moore
Tags: 50MA, Add new tag, Aussie, Australian, Baron Fx, breakout, bullish, ECB, economy, eur, Euro, Financial, Foreign Currency Trading, G-5 currencies, Global, institutional, Market Depth, minimum account, moving average, oversold, Precious metals, R1, Tim Geithner, traders
Posted in AUD/USD, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Gasoline, Index Futures News, NY#2, RBOB, S&P 500, USD/CAD, USD/CHF, USD/JPY, Uncategorized | No Comments »
Thursday, August 5th, 2010
New York 8-5-10
Could it be a repeat of the largest Crude Oil run up in history,that had no reasonable fundamental basis. Well who said markets have to abide by the fundamentals. Currently the Crude Oil market is making new highs for the year. Yet no one knows where the demand is coming from.When you have the largest refiner in the U.S. telling you there is sufficient product actually their words “oceans of gasoline” who do you believe? Could it be that Oil is being treated just like gold or a currency,used to hedge a falling USD and other currencies. It is very possible that this commodity the life blood of the modern world is being packaged as an asset class that not only will protect you from a falling USD.But is also good for making petro chemicals and gasoline plus thousands of other applications. Wow sounds like a better hedge than gold maybe we’ll call it Black Gold.
David A Moore
Tags: AUD/USD, Aussie, Australian, Baron Forex, Baron Fx, breakout, Crude Oil, David Moore, ECB, economy, eur, Fed, Financial, Foreign Currency Trading, forex pick, G-5 currencies, Gasoline, Heating Oil, Mexico City, minimum account, moving average, oversold, pivot, pivot numbers, pivot points, R1, R2, R3, resistance, support, swiss, traders
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Gasoline, Index Futures News, NY#2, RBOB, S&P 500, USD/CAD, USD/CHF, USD/JPY, Uncategorized | No Comments »
Tuesday, August 3rd, 2010
New York 8-3-10
The Aud-Usd continued higher in quiet dealings during the N.Y session,the Aud-Usd is finding tough resistance as we test higher levels and lighter summer time volumes. Do not make a case for a momentum play through the .9380 level. As we stated previously I expect the Aussie to stall at higher levels and pull back before making any sustained attempt at breaking through the .9500 level.
David A. Moore
Tags: 50MA, AUD/USD, Aussie, Australian, Cad, ECB, economy, eur, Euro, Fed, Foreign Currency Trading, forex pick, G-5 currencies, Global, institutional, Japanese Yen, Market Depth, Mexico City, minimum account, moving average, oversold, pivot numbers, pivot points, Precious metals, R1, R2, R3, resistance, support, Tim Geithner, traders
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Index Futures News, S&P 500 | No Comments »
Monday, July 26th, 2010
New York 7-26-10
Last week we told you to expect the Aud-Usd to trade thru the .9000 level within ten days. Now the question remains can the Aud-Usd break the .9387/9405 area which has been a very formidable resistance area. Well right now I would say this feat is not likely to occur until after August. I do expect the Aud-Usd to remain in a range between .8800 and .9200 for the next six to eight weeks. While the markets digest the phenomenal reversal and rally of the last six weeks in the Aud-Usd.
David A. Moore
Baron Forex
Tags: AUD/USD, Aussie, Australian, Baron Forex, Baron Fx, breakout, bullish, David Moore, ECB, economy, eur, Fed, Financial, Foreign Currency Trading, forex pick, G-5 currencies, institutional, Japanese Yen, Market Depth, minimum account, moving average, oversold, pivot, pivot numbers, pivot points, Precious metals, R1, R2, RBA, resistance, support, swiss, technical, traders
Posted in Uncategorized | No Comments »
Tuesday, July 20th, 2010
New York 7-20-10
Aud-Usd ran higher even as dismal earnings reports where shrugged off by equities traders,that had pushed the S&P 500 down by as much as 15.00 points just after the opening. The Capital markets still seem to be embracing risk despite bad economic news in the U.S..The Aud-Usd has been moving steadily in the direction of major resistance at the .8885 area, a breach of this area will set the Aud-Usd for a test of the .9000 level within the next ten days.
David A Moore
Tags: AUD/USD, Aussie, Australian, Baron Forex, Baron Fx, breakout, bullish, David Moore, ECB, economy, eur, Euro, Financial, Foreign Currency Trading, G-5 currencies, Global, Japanese Yen, Market Depth, Mexico City, moving average, pivot numbers, pivot points, Precious metals, R1, R2, RBA, resistance, Swine Flu, technical, Tim Geithner, traders
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Index Futures News, S&P 500, USD/CAD, USD/CHF, USD/JPY, Uncategorized | No Comments »
Wednesday, July 14th, 2010
New York 7-14-10
Is the Aussie reborn again returning as the belle of the risk ball. We have seen the AUD-USD break through resistance after resistance level. Today we have seen the Aussie break through solid resistance at the .8815 level. Even the drop in U.S. Retail Sales failed to discourage Aussie bulls taking the Aussie/USD up to the .8869 level before profit taking trimmed the gains.
Australian consumer confidence surged in July by the most in 13 months, reversing the previous three months of declines, after the central bank kept borrowing costs unchanged and global financial markets stabilized.
Yesterdays report adds to signs households are weathering the most aggressive round of interest rate increases by a Group of 20 member as the nation’s economy benefits from China’s demand for raw materials. The survey was conducted the same week that Governor Glenn Stevens kept the benchmark lending rate unchanged on July 6 for a second month, and a report showed Australian job growth capped the best quarter in almost four years in June.
“The solid base for consumer sentiment is coming from an upbeat view on the economy,” said Bill Evans, chief economist at Westpac Bank in Sydney. “We saw a comparable surge in confidence in 2009 when households realized that Australia had avoided recession.”
While the question remains can the Aud-Usd break higher past the old .9387 of 4-2010 relies on the global risk trade and the countinued economic growth worldwide.
Baron Forex Research
Tags: 50MA, Add new tag, AUD/USD, Aussie, Australian, Baron Forex, Ben Bernanke, BP, bullish, David Moore, ECB, economy, eur, Financial, Fomc, Foreign Currency Trading, forex pick, G-5 currencies, Global, institutional, Japanese Yen, Market Depth, Mexico City, minimum account, moving average, oversold, pivot numbers, pivot points, Precious metals, R1, R2, R3, RBA, resistance, support, swiss, technical, Tim Geithner, traders
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Index Futures News, S&P 500, USD/CAD, USD/CHF, USD/JPY, Uncategorized | No Comments »