Feedback
Feedback
TFIFX | Trade Forex with Success | Online Forex Broker
A TFI Markets Service
Secure Login
FX Accounts
SUBSCRIBE Today
FREE Forex Market News

Forex News - Daily

 Open Account
Dollar advances on global growth worries
Friday, 09 November 2012 18:20 GMT+2
 The US dollar and the Japanese yen advanced today while the euro and the aussie weakened as traders turned to safe heaven currencies. Growth in Germany is likely to slow in the fourth quarter while industrial production in France shrank in Ocotber and the country’s central bank said it expected to slip into recession at the end of 2012. Traders are also nervous ahead of a Greek vote on Sunday on the country’s 2013 budget which its approval is needed to unlock access to international aid. However euro zone officials stated that they would probably not sign off on the next tranche of aid to Greece just yet.
 
Technical Analysis
Currency Pair EUR/USD GBP/USD EUR/GBP USD/JPY EUR/JPY EUR/CHF DOW
Resistance 2 1.2790 1.6040 0.8075 80.60 102.15 1.2110 12920
Resistance 1 1.2745 1.5980 0.8030 79.80 101.25 1.2090 12825
Market   1.2715 1.5910 0.7990 79.50 101.00 1.2055 12780
Support 1 1.2640 1.5890 0.7960 78.85 100.15 1.2000 12700
Support 2 1.2610 1.5825 0.7920 78.60 99.60 1.1970 12665
 
 
Trade Idea
 
AUDUSD 4h chart
 
The pair found support on the ascending trendline but a break and close below opens the way towards 1.0170 in the short-medium term.


 
Disclaimer • Risk Warning
This document should not be relied upon as being an impartial or objective assessment of the subject matter and is not deemed to be “investment research” as defined by the applicable law. This document has been issued by TFI FX only for information purposes and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action.

Internet communications are not secure and therefore TFI FX does not accept legal responsibility for the contents of this message. Any views or opinions presented are solely those of the author and do not necessarily represent those of TFI FX unless otherwise specifically stated.

Trading in financial instruments may result in losses as well as profits. Trading in leveraged instruments can result in loses greater than the initial invested capital.

TFI FX is a trading name of TFI Markets Ltd.TFI Markets Ltd is licensed by the CySEC for the provision of Investment Services, CIF 117/10 and by the Central Bank of Cyprus for the provision of Payment Services, license no. 115.1.2.13.
Rate this Article:
Risk Warning: Trading in financial instruments may result in losses as well as profits. Trading in leveraged instruments can result in loses greater than the initial invested capital. Forex and CFDs are leveraged products and involve a high level of risk. Clients could lose more than their invested capital. These products are not suitable for everyone and clients are advised to seek independent advice, if necessary, in order to ensure that they understand the risks involved. Read Full Risk Warning.
Terms of use    Legal Documentation    Auditors    Disclaimer    Sitemap    Careers    Contact
Secure Site | Login Back to Top
ABOUT  FX TRADING
ACCOUNT TYPES
PLATFORM & PRODUCTS
MOBILE FX TRADING
FOREX NEWS
FX EDUCATION 
  Regulated by:
CySEC
Licenced by:
CBC
Governed by:
MiFID
Registered with:
AMF
Registered with:
BaFin
 

TFI Markets Ltd © 2013 TFIFX is a brand name of TFI Markets Ltd Licenced under the Central Bank of Cyprus. licence no. 115.1.2.13 Authorised and Regulated by the CySEC, CIF 117/10.