AUDUSD Daily Analysis – May 5, 2014
AUDUSD remains in downtrend from 0.9461, the rise from 0.9202 is likely consolidation of the downtrend.
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Brent crude oil (BNO, quote) looked poised to end the week with its largest weekly decline in four months.
AUDUSD Daily Analysis – May 2, 2014
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9461, the rise from 0.9227 would possibly be consolidation of the downtrend.
China mulls ‘mega’ FTA
China (FXI, quote) has proposed studying the feasibility of a mega free-trade agreement in the Asia-Pacific region as the many flourishing FTAs in the area could burden businesses with different standards, a senior official said on Wednesday.
Trading the NFP Release with EURUSD (May 2, 2014)
EURUSD is trading inside a symmetrical triangle on its 4-hour time frame as traders can’t quite establish a clear direction on the pair. Price is testing the top of the triangle around the 1.3875 levels but stochastic is reflecting selling pressure.
AT&T and DIRECTV in Talks?
This morning reports are surfacing of more M&A in the media sector again. The Wall Street Journal is reporting that AT&T (T, quote) has approached DIRECTV (DTV, quote) concerning an acquisition.
EURUSD Daily Analysis – May 1, 2014
EURUSD is facing 1.3879 resistance, a break above this level will signal resumption of the uptrend from 1.3672, then next target would be at 1.3950 area.
AUDUSD Daily Analysis – May 1, 2014
AUDUSD is facing 0.9316 resistance, a break above this level will indicate that the downtrend from 0.9461 had completed at 0.9227 already,
AUDCAD Short-Term Downtrend (May 1, 2014)
AUDCAD is currently testing a falling trend line on its 1-hour time frame, as it has pulled up after reaching the 1.0150 minor psychological support.