Forex News Blog
Back to The Headlines
Friday May 15, 2009 - 12:27:49 GMT
Share This Story
FX Thoughts for the Day - www.fxthoughts.com
FX Thoughts for the day : 15-May-2009 - 1215 GMTEURO, JAP YEN and EURO-YEN
Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at
Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below
USD-CHF @ 1.1122/25...Ranged
R: 1.1130 / 1.1170-80 / 1.1213
S: 1.1061 / 1.0980-54 / 1.0784-65
Dollar-Swiss continued to trade comfortably within the range. Buy on dips and sell on highs continues to be the right thing till the range is not breached. On the upside, the 8-DMA and 55-week MA provides good Resistance while the Support which has held over the last few days has been 1.0980. We continue to maintain the view that: "break on the upside is likely to find next Resistance at 1.1170 whereas the next prominent Support is only available near 1.07-08". TO see the chart of Swiss, click on: http://www.kshitij.com/graphgallery/chfcandle.shtml#candle
Limit Sell Order:
Sell USD 10K at 1.1125, SL 1.1140, TP 1.1050
GBP-USD @ 1.5183/85...Mixed
R: 1.5200 / 1.5336 / 1.5550
S: 1.5054 / 1.4938 / 1.4901
Cable has dipped during the day towards 1.5133 but is likely to take Support near 1.51 and the range of 1.51-1.53 is likely to be honoured during the day. Though it has dipped below the 8-DMA but as we had mentioned in the morning, that unless the 21-DMA at 1.4911 is broken past the pair looks likely to move towards the upper end of the channel over a medium time frame. Inability to hold above could increase chances of 1.45. To see the chart and the channel, click on: http://www.kshitij.com/graphgallery/gbpcandle.shtml#candle
AUD-USD @ 0.7524/26...Support at 0.7475
R: 0.7592 / 0.7677 / 0.7901
S: 0.7477-75 / 0.7399 / 0.7367
Aussie fell below the 8-DMA Support at 0.7578 and also below the Support that we were eyeing at 0.7560 after the Resistance region of 0.7596-0.7613 could not be broken past. It could now be treading towards 0.7475 over the US session. But if it manages to rise towards 0.77, we would go Short.
AUD 10K Short at 0.7536, SL 0.7565, TP 0.7507
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."
Elevate Your Trading With The Amazing Trader!
The Amazing Trader includes:
Register To Test Your Amazing Trader
- Actionable trading levels delivered to YOUR charts in real-time.
- Live trading strategy sessions.
- Market Updates with Trading Tools.
Trading Ideas for 23 October 2017
Register for the Amazing Trader
Amazing Trader EVENT RISK Calendar:
Tue 24 Oct
All Day flash PMIs
Wed 25 Oct
01:30 AU- CPI
08:00 DE- IFO Survey
08:30 GB- GDP
14:00 CA- BOC Decision
14:30 US- EIA Crude
Thu 26 Oct
11:45 EZ- ECB Decision
12:30 US- Weekly Jobless
14:00 US- Pending Homes Sales
Fri 27 Oct
12:30 US- GDP
14:00 US- final Univ of Michigan
Potential Trading Opportunities
John M. Bland, MBA
- POTENTIAL PRICE RISK: Medium Tue-- All Day Global flash PMIs. First good look at October economic performances.
- POTENTIAL PRICE RISK: HIGH Wed-- 01:30 GMT AU- CPI. Top Inflation indicator.
- POTENTIAL PRICE RISK: HIGH Wed-- 08:00 GMT DE- IFO Survey. Top German indicator.
- POTENTIAL PRICE RISK: HIGH Wed-- 14:00 GMT CA- BOC Decision. No Policy Change Expected.
- POTENTIAL PRICE RISK: Medium Wed-- 14:30 GMT US- EIA Crude. Top Weekly WTI Statistic.
co-founding Partner, Global-View.com
EXCLUSIVE: Global-View Daily Trading Chart Points Updated
EXCLUSIVE: Global-View Free Forex Database updated
TRADER ADVOCACY ARTICLES
Trader's Advocate Articles..