Is EUR/USD Nearing a Golden Cross?
Golden and Death crosses in technical analysis do not always have much relevance, but in some widely watched CFD trading markets, such as EUR/USD, the pattern has proven effective in 6 out of 7 occasions since 2008.
Golden Crosses occur when shorter-term moving averages cross above longer-term MAs, leading [...]
Archive of posts filed under the CFD FX Trading category.
CFD Trading: Rising DMA Sees EUR/USD’s Chance of a Golden Cross Rise
Weak US Economic Data Sends Dollar CFDs Lower
During most of last week the dollar looked comfortable, consolidating the two or three cents’ gains it had made since the beginning of the month.
There was growing evidence that forex CFD trading investors had ceased to regard it solely as a safe-haven in times of trouble.
Instead, they were reverting to the ‘Old Ways’, in [...]
CFDs: Weak German PMI Sees US Yield Advantage Reach 13 Month Highs
The differential between US 10-year yield and that of Germany hits 13-month highs at +0.35% (US minus Germany), compared to 8-month highs reached just last week.
Nine days after Germany’s ZEW expectations index shot up to a 21-month high in March, Germany manufacturing PMI fell back below 50 for the same month, dipping to its lowest [...]
FX CFD Trading: CAD Strengthens on Improved Economic Data
In FX CFD trading, the Canadian dollar came top of the tree for a second week, albeit only by the narrowest of margins over the US dollar.
Its gains were derived at least partly from the success of the Greenback after a strong showing by US employment on Friday afternoon.
But the Canadian employment numbers, announced [...]
FX CFD Trading: Improving US Economy Set to Weaken EUR/USD
The latest comments from China’s central bank hinting at further currency strength and resorting to FX as part of monetary policy manoeuvrings are mainly aimed at assuring Washington and foreign holders of RMB bonds of value preservation.
This comes after the first sub 8% GDP outlook in 5 years and the lowest CPI reading in [...]
CFD Trading: Strong US ADP Figures Set the Tone for Positive USD Movement
33 members of the committee holding 40.8% of the €206bn in private Greek debt have agreed to accept the debt exchange offer being proposed by Athens.
This is twice the number of bondholders accepting the debt exchange on Tuesday. This means the Greek government is close to attaining sufficient participation to activate collective action clauses [...]
EUR/USD FX CFD Market Rises Despite Improved US Housing Data
The pound and the US dollar fared equally well – or badly – last week, falling behind the rejuvenated euro and leaving the latest whipping boy, the yen, in their wake.
It was not the usual risk-on/risk-off pendulum moving currencies: investors were upbeat, but that wasn’t enough to prevent the commodity-related dollars bringing up the [...]