" EURUSD rallied in the wake of the ECB policy meeting yesterday which left expectations of some sort of policy action in tatters; no rate cut, not SMP suspension and no strong indication from…Continue
Added by Daologic on March 7, 2014 at 1:10pm — No Comments
For more than one month, I build a strong case for shorting the euro, bringing many fundamentals to support my idea, as also some technical patterns who were suggesting that it “might work”. I, as many other traders, were waiting for Mr Draghi to pull the trigger during his press conference, yesterday. However, something really strange happened yesterday morning, six hours before the ECB press conference: the euro-bund dropped from 144.67 till 142.45. How is it possible to sell so…Continue
Added by Arenoosh on March 7, 2014 at 12:23pm — No Comments
EURJPY 5 Min:
Price was on its first retracement after a spike up. It fell in three waves: Low 1 High 1 Low 2 High 2 Low 3. Entry was 1 pip above the signal candle.
There were 4 hard signs for the trade:
High 3 long signal after a spike which is usually a…Continue
Added by Constantine on March 7, 2014 at 11:21am — No Comments
ANZ - "· Declining resistance (off 2008’s 1.6040 high), which capped EUR/USD at 1.3885-90 in December, is being breached (1.3820-25 this week).
· A weekly close above 1.3825 (confirmed above 1.3895) should trigger a range flip to 1.4150 if not a broader measured target of 1.4420.
· Despite breaking declining resistance, broad patterns since 2008 are considered corrective with strong resistance likely at 1.4420-50.
· A close below 1.3820 would reduce near term upside…Continue
Added by Francesc Riverola on March 7, 2014 at 10:54am — No Comments
US Non Farm Payrolls data impact on markets - Scenario Analysis
"USD – can it recover?
ECB President Draghi was a little more forthcoming than usual in talking about the EUR at yesterday’s post policy meeting press conference. He highlighted the ECB’s rule of thumb…Continue
Added by Daologic on March 7, 2014 at 10:26am — No Comments
It took me five years to learn to play the game intelligently enough to make big money when I was right. Jesse Livermore (1877-1940), stock trader & speculator FRIDAY 7TH MARCH.
While the S&P continues to grind higher EURUSD has now broken the long held descending trend put in…Continue
Added by www.fxlight.co on March 7, 2014 at 9:30am — No Comments
GBPUSD - Trade Recommendation
Added by Omkar Godbole on March 7, 2014 at 9:30am — No Comments
Today is a big day for the markets; the US NFP report will be released later at 13:30GMT. The expectations are 151K. Number above it will send the USD higher and EUR would reverse from resistance while figure around 130K or even lower with be ca catalyst for EURUSD move above 1.3900.
Technically speaking we still don’t know if EURUSD is now at the top of wave D that is part of a triangle or if pair will continue straight up. However, short-term charting suggests a reversal down…
Added by Gregor Horvat on March 7, 2014 at 9:24am — No Comments
Thursday’s sharp advance reinforces the bullish trend as it closed above 1.3827. There’s scope for more upside to break above 1.3893 and then open the way to resistance at 1.4052. Support is at 1.3708.
The pair advanced on Thursday to bring our focus on the resistance at 103.65. A close above this will be positive, opening the way to 105.44. Support is at 102.12 ahead of 101.20.
Added by Daologic on March 7, 2014 at 8:17am — No Comments
"AUD is likely to squeeze out shorts and may rise to .92/93
As discussed in recent reports, the Australian economic data has been much stronger than expected over the last week. The RBA Governor has attempted to discourage the AUD from rising by saying it is historically high. He repeated that today to parliament. However, he has been reluctant to say more.
He has emphasised that the RBA currently expects a long period of stable rates. In fact he has suggested…
Added by Daologic on March 7, 2014 at 6:44am — No Comments
Sell EURAUD at 1.5330
Target of 1.45; Stop of 1.5510
"The ECB is not easing but it’s not tightening for a long time either. Meanwhile, better Australian data point to more focus on RBA policy prospects (we expect rates to move up late this year). Narrowing spreads risk pulling EURAUD sharply lower through the balance of the year and technical signals point to a possible trend reversal. Sell into modest EURAUD gains from here."
Added by Daologic on March 7, 2014 at 6:27am — No Comments
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LONG EUR above 1.3830 SL 1.3815 TP 1.3870-1.3890-1.3910-1.3925
SHORT EUR below 1.3925 SL 1.3950 TP…Continue
Added by Vladimir Mihaylov on March 7, 2014 at 6:26am — No Comments
"Two weeks back we highlighted why we thought the AUD/NZD had hit a trough. Having been NZD bulls for more than a year, we believed the NZ curve had well and truly priced for RBNZ rate hikes, reflecting New Zealand’s above trend growth, falling unemployment rate, and rising inflation. 12m OIS is currently priced for 115bps of rate hikes this year which is above TD’s forecast for the RBNZ to hike rates 100bps to 3.5% over the course of this year. Our view is that the RBNZ delivering on the…Continue
Added by Daologic on March 7, 2014 at 6:17am — No Comments
The EURUSD maintained a strong bullish momentum yesterday , printed support at 1.3720 levels . This development leaves the pair targeting the 1.4000 levels where a breach will turn focus on the 1.4120 levels , further out will aim the 1.4280 levels.
On the downside , minor support comes at 1.3832 levels , stability above this level will build strong pressure on the 1.4000 levels, losing the 1.3832 levels would open 1.3775 next , below 1.3775 will look for main support at the…Continue
The Crude Oil market produced a bullish price action false-break of key support today. From here we would not be surprised to see this market move higher and there will be high volatility tomorrow with the NFP announcement due out of the US.
Added by Lewis Barber on March 6, 2014 at 10:23pm — No Comments
Rand firms on broad-based dollar weakness.
Global risk-on trade is putting the dollar under pressure and so good for the Rand.
Added by Ron Schelling on March 6, 2014 at 8:30pm — No Comments
NBS will release the China’s February CPI and PPI reports on March 08. Analysts have predicted a decline in the CPI reading. PPI registered 23rd consecutive decline in January. USD/CNY may test 6.175, if February CPI reports miss expectations. Given the way things look, the USD/CNY will likely face two difficult hurdles near 6.175 and 6.217. Being that China is the largest consumer of many commodities in the world, a PPI reading lower than what's forecasted will be bearish for silver, gold,…Continue
Added by Daniel Elo on March 6, 2014 at 5:54pm — No Comments