Finance
Yahoo! Finance: Currencies News
Soaring China home prices thwart ordinary buyers (AP)
The luxury apartment buildings Yang Xuhua passes on her way to work are a daily reminder of her own frustrated efforts to buy a home. Prices for even modest apartments in Shanghai have soared, putting home purchases out of reach for white collar workers and professionals.
Australian Home Loans Drop Most in Nearly a Decade on Rates, Grants (Daily FX)Australian Home Loans unexpectedly fell 7.9 percent in January, marking the largest decline in nearly a decade, after the central bank raised interest rates while the government reduced cash handouts to first-time homebuyers.
Australian Consumer Confidence May Fall on Rate Hikes, Says Westpac (Daily FX)An index of Australian Consumer Confidence compiled by the Westpac Banking Corp rose 0.2 percent in March. The details of the report pained a mixed picture, with expectations of household finances in a year from now rising 5.5 percent while those of the overall economy declined for the second consecutive month, down 1.9 percent.
Dollar Avoids a Trend Once Again after Retracing Risk Aversion Gains (Daily FX)• Dollar Avoids a Trend Once Again after Retracing Risk Aversion Gains • Euro Stumbles as Policy Officials Voice Their Doubts over Greece and an EMF Solution • British Pound Hit by Data and Credit Rating Warnings • Japanese Yen Benefits from Carry Unwinding and Strong Signs of Economic Recovery
Stop Placement: Negative Risk Reward Ratio (Daily FX)Student's Comments: 20 day crossed the 50 day, 20 day crossed the 200 day ,candlestick patterns showed a bearish engulfing pattern, enter at following candle at 132.54 -set stop at 132.21 - exit at 131.54 Next chart shows 200 day crossing 50 day with a double top. enter at 133.64 - stop at 135.05 - exit at 132.65
Dollar gains as ratings agencies warn on Europe (AP)The dollar strengthened Tuesday against the euro and the British pound as credit ratings agencies sounded warnings on Europe, while a Labor Department report showed that U.S. employers are slowly hiring more workers as the economy improves.
A Quick Recovery Prevents a Decisive Crude Reversal as Investor Fears Starts to Percolate (Daily FX)Just a day after testing an eight-week high, crude suffered a notable setback through the first half of Tuesday’s session. Through the European trading hours, the commodity would plunge as much as 2.1 percent and subsequently disrupt the steady drive bulls have been more or less able to sustain since the dramatic reversal a month ago.
Dollar rises versus euro and pound, falls against yen (CNNMoney.com)The dollar recovered losses versus the euro and rose against the pound, but fell versus the yen in quiet trading Tuesday.
Pound Directionless As Monetary Policy Remains Uncertain (Daily FX)The GBP/USD appears directionless as its main drivers of price action have continued to lose influence. Risk trends hold the strongest relationship with a 33% correlation, but recent divergence has seen the level of explanation slide from 41% a month ago.
AUD/USD: Trading the Change in Australian Employment (Daily FX)The labor market in Australia is expected to improve for the sixth consecutive month in February, with economists forecasting employment to expand 15.0K in February, and the data could drive the exchange rate higher as market participants speculate the Reserve Bank of Australia to normalize policy further over the coming months.
NZD/USD Range Contingent On Dovish RBNZ (Daily FX)Today’s bounce from the 200-Day SMA could be a sign that upside potential is increasing, especially considering the level of concern during early trading. Credit rating agency Fitch placed Portugal on a negative watch list which reignited concerns that the credit issues in Greece could develop into a contagion for the region.
Light Crude 03-09 (Daily FX)Gold 03-09 (Daily FX)
Japanese Yen Benefits From Risk Aversion, British Pound Extends Decline (Daily FX)
The Japanese Yen strengthened across the board as investors scaled back their appetite for risk, while the British Pound extended the decline from earlier this week and slipped to a low of 1.4937 as Fitch Ratings held a cautious outlook for the U.K.
The Moving Average Trade (Daily FX)The FX markets have always been known for their long trending moves and experienced traders use this to their advantage.
US Dollar / Swiss Franc 03-09 (Daily FX)US Dollar / Canadian Dollar 03-09 (Daily FX)
Dollar / Yen Support Zone is 8900/50 (Daily FX)
Given the extent and structure of the USDJPY advance from 8813, it is possible that an A-B-C decline is complete from 9380.
New Zealand Dollar / US Dollar 03-09 (Daily FX)NZD/USD Channel Presents Scalping Opportunity (Daily FX)
The NZD/USD has been trading in a tight 300 pip range since early February as ebb and flowing risk sentiment has left the pair without a clear direction. The improving global economy has been offset by lingering concerns that post credit crisis fallout remains, which has been enhanced by the credit issues in Europe.
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