Forex Video Technical Update 7.6.2010 – Greenback Pressured; Gold Even More SoDaily \ \ 1:00 PM EST \ July 6th, 2010 |
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In the US session today, the Yen and Euro were the gainers, while the USD and gold were losers. The Euro was able to keep its gains on the USD, while the British Pound could not. USD weakness and Yen strength can be seen in the USD/JPY. Also, the USD/CAD appears to have completed a double top. Lastly, gold continues to head lower after topping and may be crashing through the current support near 1220.
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Join me as I discuss retail trader positioning, our DailyFX PLUS trading signals, and general markets starting NOW: http://t.co/Z5y1HXZm
RT @JenTho3: I'm still hanging out with the this AUDCAD chart: http://t.co/AiTjZWih Have a wonderful day.
RT @LeeGrins: WOLF Greek deal WOLF imminent WOLF > Who's Afraid of the Big Bad Wolf? lol
$GBPUSD came w/in 5 pips of the 200-day SMA before reversing (a level it hasn't closed above since early Sept) ..all eyes on BoE APF #forex Head and Shoulders Cash $DJIA versus same pattern as yesterday before 120pt rally...Interesting.. #djia
GBPUSD liquidates lower. Technical levels breached in the process - http://t.co/Kfzwgvm0 Like to think calculated risk not balls.lol. either way its early days still for 12750 $DJIA lRT @dinnycal18: Thats a ballsy move Mr. Matts
$AUDNZD: Will be keeping a close eye on this pair as we have New Zealand 4Q Employment later today. Employment is expected to increase 0.4%. $GBPUSD tests support at 1.5840. http://t.co/11hxcFnO . Key level #forex
Cutting loose $BIG $BUD $EXR $PSA $CCL My latest for Real Money http://t.co/4CIRLzI2 $$ RT @Brenda_Kelly *ECB LTRO ISN'T QE, BUT ULTIMATELY HAS SAME PURPOSE, S&P SAYS Automated trading strats never going to have the same vision as human eye. Stop on that EUR psn is 1.3152, but no major levels there. Writeup for recent EUR psn from 'Optimal Entry' DFX+ trading strat. I think risk is too wide, but like it otherwise http://t.co/f0tRzvcU RT @JamieSaettele: join me for an impromptu market timing webinar http://t.co/GPDOQtY6 $EURUSD RBA Growth Girl Warns Overvalued Aussie Hurting Economy http://t.co/NCFQ8hLE ..“I’m a growth girl, but I’m not a stupid one.” $AUD #forex Come one come all: “@JamieSaettele: join me for an impromptu market timing webinar http://t.co/fL8s2Sgp $EURUSD”
join me for an impromptu market timing webinar http://t.co/d6NqIItO $EURUSD I like the risk/reward on a short-term EURUSD position here. Stop below morning low of 1.3242, initial target of range high of 1.3285. Selling some AUDUSD and wondering what's good on Spotify. Any recommendations? Crude oil prices trading at top of downward-sloping multi-month range. Make-or-break time http://t.co/CN7FPkiI after yesterday's outside strong $AUDNZD , $NZDUSD is prob more vulnerable What's SSI showing? EUR -1.8, GBP -2.5, USDJPY 11.3, USDCHF 2.5, AUD -2.9, NZD -2.5, EURCHF 19.0. Crowds still heavily long USD. ECB rate cut more or less a coin flip ..0.75% refi rate likely by this time nxt month #OIS $EUR
Why BoE is Expected to Ease and ECB is Not http://t.co/cyYEBuWH #fxtalk #forex #ecb #boe
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