July 18th, 2011 21:24:31 GMT

ForexLive Asian market open


Very little change in the majors compared with yesterday and it looks at first glance as though it’s going to be a quite session in Asia. The market is bearish on both the EUR and the USD and is also … Continue reading

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July 18th, 2011 03:27:30 GMT

Around the markets


Regional bourses are lower by just under 0.5% on average. Gold is trading at $1597/oz, having earlier seen record highs above $1599/oz. Oil is trading flat at $97.20 but some soft commodities like wheat and corn are over 1% lower. … Continue reading

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July 14th, 2011 23:57:07 GMT

Risk trades drifting lower after S&P statement


Little surprise to see USD/CHF and USD/JPY leading the move lower after the S&P statement; more reasons for risk aversion and more reasons to sell the dollar. Short-term support is seen around .8110 in USD/CHF and 78.70 in USD/JPY.


July 14th, 2011 21:38:27 GMT

Cititechs going long USD/CHF


Good luck boys, you can expect some ups and downs. They have gone long through the options market which, given the swings in the spot market, certainly makes sense. Their technical reasoning is sound; USD/JPY has stalled at major Fibo … Continue reading


July 13th, 2011 22:40:48 GMT

CHF staying very volatile


EUR/CHF has been up and down between 1.1500/50 and USD/CHF between .8100/30. The barrier at 1.1500 was breached, with 1.1496 the low I’m hearing. The lack of downside follow through suggests to me that the sole target was the barrier … Continue reading

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