Recently I have been studying currency pairs’ behaviors in different months and Im trying to see if there are any significant difference, decency and some other weird things ;) between the months in FX Market. Here Im simply considering EURUSD daily return in the month of January during 2002 - 2013. It should be added that daily return is counted base on the difference between Close Price Day2 and Day1, then Average of whole month, plus Standard Deviation (as the risk measure) and…

Anomalies in financial markets are interesting subjects which have been studied by practitioners and researchers in different markets. Same story exist for currencies and I tried to replicate the effect of December (last month of the year) on EurUsd pair, base on January 2002- November 2012 daily market rates.

During the last decade daily fluctuations of EurUsd in December sometimes has been less than the rest of the year and sometimes it has been higher. To compare December…

Have you ever wondered if average price of currency pairs may be indicative? Is it a right estimator?

   To apply some classic trading strategies in Retail Forex I have been working on 4 major pairs, EURUSD, USDJPY, USDCHF and GBPUSD since last year. Due to my work I found some characteristics about currencies which might be useful for day trading in retail Forex.

One of these characteristics is about having zero mean (average) in 4H time frame. I studied 4 majors during Jan…

Precious metals changed direction and rallied on Thursday following the decline in the U.S equity markets. The sharp drop in the Japanese equity markets may have dragged down along with it the Japanese yen and other equity markets. In the U.S: new home sales slightly rose by 2.3% in April compared to March;…

Goldman Sachs - "One of our key FX themes for 2013 remains a bearish view on the AUD. We now expect the cross to trade at 0.97, 0.96 and 0.90 in 3, 6 and 12 months. Our view remains predicated on Australia’s deteriorating fundamentals, prospects for lower commodity prices, slower Chinese activity and the likelihood that the search for yield will decline as global growth sustainably recovers. We chose to express that view in a Top Trade recommendation vs the Norwegian Kroner, given they are…

OPEN SELL US30@15230...

Aud.Jpy is on the path as mentioned on yesterday comment. Things are on the way to hit our 1st target @ 97, we can have second target 96.50 – 96.20 area. my recommendation is to book 80% @ 97 and leave 20% for 96.20. If you are in both trades, your avg entry will be 100.325, and so you should have more than 332 pips in profit @ 97.…

Danske Bank - "USD/CAD - Above 1.0446 would confirm a major reversal
Strategy Summary - Stay long or buy dips for gains to 1.0854, ahead of 1.1236 and then 1.1668. Suggest placing a stop under .9815.

NYMEX Crude - A potential double top formation warns of a decline
Strategy Summary - Look to sell for a decline towards the 87.07/85.61 region. Place a stop loss above 97.17."

Currently we are at 101.41 in  a breakout of the rising wedge which is bearish..  We are looking for a move down to the 0.618 Fibo @ 100.56  then a bounce.    The current average daily trading range (ATR) is 102  pips.…

Rabobank - "Over the past few years the ‘resilience’ of EUR/USD has surprised many investors. Even as the Eurozone crisis raged, the weakest level that EUR/USD achieved was a brief dip to 1.1877 back in June 2010. One of the most obvious explanations for this ‘resilience’ has been the weakness of the USD. In 2012 the USD was the second weakest performing G10 currency after the JPY. Insofar as the Fed stepped up QE towards the end of 2012, this is perhaps not surprising. (...), it is…

Last trade before the long weekend.

Yesterday was slow / corrective ✿՛՜՞՟⋱‿◞⁀

Price on the BUY side of the 50 EMA :…

M&G Investments - "One of the stories that has driven global financial markets higher for the past few months has been about how Japanese investors are piling, or will pile, into foreign assets. Surely a rational Japanese investor would dump Japanese assets in an attempt to escape the exploding yen and the ravages of domestic inflation, or at the very least seek out a bigger yield than the puny returns available on the artificially suppressed domestic government bonds?

Well, they…

Brown Brothers Harriman - "The dollar is mixed against the majors heading into the US holiday weekend. The euro firmed a bit after the stronger than expected German IFO confidence reading, but has been unable so far to breach the $1.30 area. The Swiss franc and the yen are up on the day as well, while the dollar bloc is underperforming and lower on the day. EM currencies are mostly firmer, but remain largely within recent ranges.

(...) The euro has bumped up against the week's high near…

GBP/USD H1…

EUR/USD Weekly…

Fxstreet messed up with GBP mortgage approval!!!

My luck is that y had another fx site with the real data. At first I was like: wtf?? Fxstreet is 33.2 but the other is 32.2. Than i moved over to another sit e and saw the 32.2 again. The thing is in the moment I saw the 33.2 in the Fxstreet y immediately bought  EUR/USD! Than, I kept on refreshing the page to see if it was possible that they had already sorted things out. I opened the Bankofengland site and read the speech for my self…

Morning Traders

For a change today I thought I would tackle the EU differently - and show how in the dynamic market place how the price bias can keep changing throughout the main two sessions - Europe and US. 

As you would expect from a high of yesterday at 1.2956 - price dropped through the end of the US session and into the early Asian session - finding a low of 2904 - range 52 pips.

Since then and over the last 6 hrs price rose back up to 2943.- 41 pips From London…

Morning frnds,

After Strong Shorts on Wednesday , Metals recovered sharply on Thursday.  Current price action

illustrates a See-Saw Affair between Bulls and Bears.

For Intraday Traders, Buy metals at breakout of current zones toward upward , Sell if zones break

downwards.

Sardar…