Elections in Galicia (Spain) showed great support for the ruling People’s Party (PP), which supported the gains in Euro-dollar through the Asian session. In the Basque however, PP failed in garnering votes. The Basque Nationalist Party (PNV) and the EH Bildu dominated the votes, increasing the risk for a referendum on independence. Focus will be on 28 October where regional elections are expected to take place in Catalonia, Spain. In some way Spanish PM, Rajoy may be reluctant to ask the EU for a bailout that will be intertwined with new austerity measures, a move that will make his party less favourite in the eyes of the Kingdom of Spain.
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Showing posts with label GBP/AUD. Show all posts
Showing posts with label GBP/AUD. Show all posts
Thursday, November 1, 2012
Forex Daily Review: Spain Regional Elections and GBP/AUD
Posted By:
blogwer
on 5:21 AM
22 Oct 2012• Matti Williamson, FX and commodities analyst Spain Regional Elections in Galicia and the Basque
Wednesday, October 10, 2012
Forex Daily Review: What is the Bearish Target for GBP/AUD Correction?
Posted By:
blogwer
on 6:29 AM
08 Oct 2012• Matti Williamson, FX and commodities analyst Non-Farm Payrolls Strategy
My technical analysis for CAD/JPY for the Non-Farm Payrolls (NFP) triggered its bullish target as the previous figure was revised higher, smothering the market with positive sentiment that weakened the Japanese yen (JPY) and US dollar (USD) against a basket of currencies. National holidays in Japan, US and Canada are likely to ensure trading volume will be extremely thin, which could inject a hefty amount of volatility as the Eurogroup meeting is expected to take place in Brussels.
GBP/AUD Technical AnalysisI am giving additional focus to GBP/AUD daily chart as there is a great risk for a corrective weakness to the strong gains made on Friday's session:
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Forex Daily Review: GBP/AUD Skimmed the Target, EUR/USD is Observed
Posted By:
blogwer
on 6:14 AM
09 Oct 2012• Matti Williamson, FX and commodities analyst EUR/CHF 'Mysterious' Gain
What may have left certain traders puzzled is EUR/CHF unexpected bullish spike, perhaps thought to be a minor FX intervention by the Swiss National Bank (SNB):
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