Money Matters

USD Pairs - an intriguing week (part 2)

Posted by Graham Parlane on 16 April 2012

All

Friday’s price action is highly suggestive that my preferred ‘negative equities –slowing global growth’ theme (see below previously)  is the prevailing wind. I’m suggesting selling EUR/USD here and now with sell signals in NZD,AUD, Gold and Silver very close at hand.

Technically if you look at the ‘risk’ complex they are all very ‘trend ready’……………..that is they have been confined to very narrow ranges (and thus very narrow Bollinger Bands) for a month or so and that is typically where the best moves spring from.

NZD/USD

NZDUSD – Click here to view chart

EUR/USD

EURUSD – Click here to view chart

Gold and Silver look on the edge of the precipice too with a move through last week’s lows likely to be a precursor to substantial falls.

Regards G.

Tags: AUD, Broker, Bullion, Commodities, EURUSD, Foreign Exchange, FX, FX trading, Gold, Gold investment, Gold trading, NZD, NZDUSD, Precious Metals, Silver, Silver investment, Silver trading, Trader

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Another confirming factor for USD weakness

Posted by Graham Parlane on 29 February 2012

We are seeing USD weakness prevalent everywhere right now. Gold and Silver moving strongly higher, EUR at 4 month highs, NZD and AUD pushing at the top of 1 month consolidations. In Asia earlier today we saw SGD (Singapore Dollar) gap higher and now this news on China

SYDNEY, Feb 29 (IFR) – The PBOC has set USD/CNY today at 6.2919, the lowest level (or highest yuan value) since the 2005 revaluation

This feels to me like the 2010 when I often noted “if it’s not one thing making new highs against the USD  then it’s another”.

Tags: AUD, Broker, Bullion, CFD trading, CFDs, Commodities, Foreign Exchange, Futures, Futures trading, FX, FX trading, Gold, Gold investment, Gold trading, NZD, Precious Metals, SGD, Silver, Silver investment, Silver trading, Trader, USD

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