Welcome to my Trading Blog

Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Wednesday, August 25, 2010

Good German IFO numbers and Poor US Housing data--- what will be the Impact on FX tradings ??

A good German IFO numbers has reduced the Selling pressure on Euros., 

The weak US Housing Data  will  boost the prospect of Further Easing Measures from  the Fed, resulting in the halting of Risk aversion in Dollars Trades, thereby limiting the growing strength of the Dollars.

And in my opinion, Strength of   Chf  and Cad and JPY will continue to being lifted higher near terms due to aggressive Risk Aversion. But CHF  may not be my  preferred trade due to imminent SNB's  intervention.  GBP may be lifted in tandem with the "feeling good " sentiments on Euros near term.

Gold will retest the 1240 resistance, and eying the 1270 near term


NZD/J and AUD/J  ,, -their downsides remain intact


USD/J  ----its downside remains 


U/CAD ---  is to test  1.2000 near term


GBP/U  -- may be retesting 1.5000 short term due to good sentiments on Gbp , coupling with good     German IFO data.


Euros/ Usd ---- may be trading in the range 1.2700- 1.2800 near terms

No comments:

Post a Comment