I think that the yen will rise to 107.00 area based on the weekly chart and will represent the fifth wave since the yen rise from 76.00 area.
what about you?
Added by mohamed Osman on December 7, 2013 at 2:06am — No Comments
My video newsletter is for educational purposes only and not to be considered reccommendation. We'll look at the Stock and currency market, providing support and resistance levels. Subscribe to the Daily Updates just subscribe here at youtube or follow us on Twitter https://twitter.com/jet813 and join us and other traders world wide in the…Continue
Added by JT on December 6, 2013 at 8:34pm — No Comments
Added by gregorian on December 6, 2013 at 6:56pm — No Comments
Danske Bank - "Following the decent job report for November we now expect Fed tapering to come already in December. Below is quick check-list for the Fed on the recent development.
Speaking in favour of December tapering:
1. Housing data have rebounded.
2. Retail sales stronger.
3. Job growth has improved.
4. ISM stronger.
5. Export growth picked up.
6. Financial conditions no longer an…Continue
Societé Generale - "Trades 2014
1. Long USD, NOK and GBP vs JPY, CHF and EUR
2. Buy USD/JPY, targeting 110
3. Sell AUD/USD for China structural slowdown trade
4. Keep short EUR/GBP to 0.78
5. Keep long NOK/SEK to 1.14
6. Buy USD/CAD, target 1.10
7. Buy EUR/CHF, target 1.2650
8. Go long a EUR/USD Forward Volatility Agreement 3M in 3M"
Added by Francesc Riverola on December 6, 2013 at 1:09pm — No Comments
USD and T6 to T4 play for now.. Incase this happens looks a fake down to T6 and a up move.. would imply majors can do fake up and a fall.. T6 breaks however and this is down and which implies majors are going for the kill on the USD..
AUD 15 mins channel play
[5:54:31 PM] tahirkhan989:…Continue
Added by Tahir Khan on December 6, 2013 at 1:09pm — No Comments
"Scenarios and FX responses
To simplify analysis of the market’s reaction function, I like to try to boil things down to a small set of outcomes. Real life is more complicated than 2 or 3 scenarios, but looking at scenarios helps structure thought.
With that in mind, Figure 1 below gives my view of what would constitute strong, weak and neutral for the US employment report. Along with that are my expectations for approximate moves in the pairs I view as most interesting due to…
Added by Daologic on December 6, 2013 at 12:30pm — No Comments
Earlier this year, the Australian Finance Minister, Mr Wayne Swan, said that the budget balance will have a 19.4 billion AUD deficit for the fiscal year ended on 30 of June and he was expecting 18 billion AUD deficit for the next year even if Mr Gillard's administration promised 1.5 billion AUD deficit for the fiscal year ended in June. Is quite unbelievable that Australia has such a deficit. The surprising balance deficit is a symptom of the beginning of an energy crisis. BHP Billiton…Continue
US data this afternoon, NFP may go above 220, unemployment at 7.2%
Short EUR @ 1.3636 TP 1.3581 / 1.3555
AUD 2 hrs.. 9075 break point.. else 8960ish on it..
Added by Tahir Khan on December 6, 2013 at 11:08am — No Comments
Good morning everyone!
Today it's a big day for the markets. We are waiting on US NFP numbers that will most likely have a strong impact on the market. Expectations are 180K; number around 160K or lower will send USD sharply down across the board while 200K or above should be positive for the buck.
From a technical perspective we are waiting on USD to turn bullish. The reason is USD Index where decline from start of November looks corrective but still without evidences of a…
Added by Gregor Horvat on December 6, 2013 at 9:56am — No Comments
MTG MARKET UPDATE 06-12.2013
EUR/USD: Sell Below 1.3665,TP1.3615/3590,SL1.3685,BOB1.3698
GBP/USD: Sell Below 1.6335,TP1.6300/6283,SL1.6355,BOS 1.6360
GOLD: Sell Below 1240,TP 1230/25,SL1232,BOB 1233
CL: Buy above 97.20,TP97.50/75,SL97,BOS96.95
USD/JPY: Buy above 102.10,TP102.45/75,SL101.80,BOS101.75
US Non-Farm Employment Change and Unemployment Rate at 6.30pm
This economic news can change the…Continue
Added by Usman Ali on December 6, 2013 at 7:28am — No Comments
Recommendations: LONG positions above 1.3681 with 1.3710 & 1.3740 as next targets.
Alternative scenario:Stability below 1.3681 may lead for a slide towards 1.3640/1.3615
Description: The pair is so close from critical resistance at 1.3681, an hourly close above 1.3681 will target 1.3710/1.3740 levels, break of 1.3740 will open 1.3770/1.3832 levels.On the downside, stability below 1.3681 will keep 1.3640/1.3615 in sight ,…
As shown on the monthly chart below , the EURUSD printed resistance at 1.3710 levels - Feb 2013 - this top was confirmed by the bearish divergence of %(R) Williams indicator, 2 months ago; 1.3710 was rejected with bollinger bands reversal pattern , the pair printed a new resistance at 1.3832 , with both levels intact , further decline is suggested towards 1.3104 first , below 1.3104 will aim 1.2754 levels.
On the upside, the pair needs to break and hold above 1.3832 levels on…
Added by Haitham653 on December 6, 2013 at 5:54am — No Comments
It was a volatile Thursday yesterday as the EUR/USD dropped to 1.3540 and then reversed to 1.3675 following the mr.Draghi's optimistic speech. Currently the pair is consolidating at the top, preforming small correction moves. Today's support is at 1.3620-30, then 1.3580 and 1.3560. They are too close and won't be broken by Friday's profit taking. To break them we need a lot better than expected and also than previous NFP, something in which i really doubt. We have a 'flag' to the upside but…Continue
Our core view is that even in the event of a very strong employment result, FOMC QE tapering is still likely to be a 2014 event. Relatively illiquid market conditions near year-end, risks of another government shutdown in January, concerns about the effects of the previous shutdown on longer-term business and consumer confidence, and uncertainty over the strength of consumer spending going into the holiday season all make the case for a December taper less compelling. Even as…Continue
Added by Daologic on December 6, 2013 at 5:34am — No Comments
Good Morning all, as we have seen a very strong pullback in Euro and it was not because of Draghi or Ben, it was more or less base on to many short orders in the market. well today we have 2 important Support line 3630 and 3609 which has to hold to see 3715 first. We have an Elliott impulse Wave showing up to 3740 and Pivot point at 3630 for today looking to chart we have important levels to wtach:
Reversal High: 3701 and Break out High : 3740
Reversal Low: …Continue
Added by Carol Harmer on December 6, 2013 at 4:27am — No Comments