HSBC - "The USD is the next currency getting ready for lift off in our eyes. We are now only two meetings away from not knowing exactly what the Fed is going to do: we are getting to the point where uncertainty is replacing certainty. This should lead to increased speculation regarding US rate rises. As rate expectations rose in New Zealand, the NZD took off. In the UK constant speculation regarding a rate rise has boosted GBP. On the monetary slopes the US is getting ready for take-off…Continue
Added by Francesc Riverola on August 1, 2014 at 3:15pm — No Comments
Currently we are at 1.8102.We are looking for a continuation to the S5 area @ 1.7997 AFTER the break of the triangle and after NFP. The average daily true range (ATR) for the pair currently is 91 pips. …Continue
Added by Scott Barkley on August 1, 2014 at 12:55pm — No Comments
We have seenbefore hand in the forecast yesterday that for NFP data release (12:30 GMT) ,EURO and GBP were expected to firm up and then slide again and to continue the drop during US session.
We have seen the data is less than expected so EURO and GBP firmed up on pretention,then all started the USD gaining move much against the expectation of the traders - the continuation of the unassuming moves. This is called market…Continue
Added by Dr. Sivaraman on August 1, 2014 at 12:49pm — No Comments
"The USD is heading into the data carnival roughly flat, on balance, from yesterday's close, down smalls against the EUR, but up smalls against JPY, CAD, GBP, and the Antipodeans. Having risen more than 2% in July and held on to gains after a relatively dovish FOMC statement, the greenback is well positioned to extend gains today, but it will require strong data outcomes to deliver moves of significant magnitude. EURUSD…Continue
Added by Daologic on August 1, 2014 at 11:55am — No Comments
GBPUSD fell to a new low of the week, which has been expected as we were looking down within a third leg of decline that is unfolding from 1.7094. Pair reached levels beneath 1.6850 after breaking 100% Fibonacci projection level compared to wave 1, which confirms the idea of an extended wave 3 in progress that is part of a bearish impulse. Based on 161.8% Fibonacci extension, which is very close to current market price, we may see a corrective bounce soon up in wave 4, but only for a…Continue
Added by Gregor Horvat on August 1, 2014 at 11:16am — No Comments
GBP USD 5 Min:
This is one for the experts but once you know what you are looking for fairly straightforwards.
Price spiked down from the open and pulled back in 2 waves High 1 Low 1…Continue
The US Non-farm Payrolls will be published today at 12:30 GMT, Last month was at 288 K forecast was 202 K, this month analyst expected to be 233 K., I think personally it would be much lower this month and expected to be around 144 K to 155 K, BUY EURUSD @ 1.3380 TP 1.3451 / 1.3485, BUY GBPUSD @ 1.6835 TP 1.6865 / 1.6888 .... All the best
Added by Ghazwan Antoine Haddad on August 1, 2014 at 9:30am — No Comments
The US Non-farm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity, Released monthly, usually on the first Friday after the month ends. Last month jumped to 288 K , this month is expected to decline to 233 K . It will be published today at 12:30 GMT .
How the US Non-farm…Continue
Added by Haitham653 on August 1, 2014 at 8:42am — No Comments
Hi Friends, This analysis is about the intraday key support/resistance levels for EUR/USD . These levels are identified as per technical outlook and the discerned movement till date that includes the fundamental analysis also. These levels therefore give you a high probability case for price to bounce/pull back (by 5-20 pips) when it reaches these levels for the first time in the day. So follow these levels and make better trade set ups!
Thursday's high 1.3399, low…Continue
Added by Nili on August 1, 2014 at 4:00am — No Comments
So the world is a dangerous place and we do not live in a perfect world, at least that is what the market says today. The worst day for US stocks since February the 3rd, the Dow Jones closing down 317 points and the S&P down 39 points and sits just above 1930, it was just a few days ago where 2000 looked imminent. Last week I got a laugh from an analyst response to why the stock market was reversing its 1% losses from the previous day, "it's real simple folks, this market just does not…Continue
Added by martin on August 1, 2014 at 1:07am — No Comments
Characteristically, EUR/AUD is a quintessential range pair. Viewed from a 50 year period, EUR/AUD trends with conviction when its time to move otherwise its listless. Trends for EUR/AUD mean 500, 1000 pips, 1500 at best but over time, years mainly not months. EUR/AUD has actually seen its best price movements post 2008. Last time similar price action was seen was 1997 - 1999 but this period was volatile for all currency prices due from the Thai Baht crisis in 1997, Russian Rouble…Continue
Outlook in GBPJPY remains neutral at the moment , resistance comes at the 174.30 levels , break of the 174.30 levels on a daily closing basis will print support at the 172.64 levels and recapture the 175.36 levels , If this important resistance is taken out , expect the pair to flyby towards the 176.20/177.40 levels and possible higher towards the 178.50 levels….
On the downside , support comes at the 172.36 levels , sustained trading below this level will extend losses towards the…Continue
Added by Haitham653 on July 31, 2014 at 6:33pm — No Comments
EURUSD: Vulnerable But With Caution
EURUSD: With EUR extending its weakness on Thursday, further downside pressure is likely. With a rejection candle printed on Wednesday, beware of a recovery higher risk. Support lies at the 1.3000 level where a break will expose the 1.3350 level. Below here will pave the way for a move lower towards the 1.3300 level. If this continues, expect further downside to occur towards the 1.3250 level. On the upside, resistance lies at the 1.3650 level, its…Continue
Added by fxtech on July 31, 2014 at 6:31pm — No Comments
Yesterday we have seen the market making small swings for the FOMC and today continuing the slide as expected (continuation of unassuming slide).
Now we are on the month end.Then tomorrow the market is expected to make week end and month beginning moves....how the move will be?????? - listen to the recorded webinar....
I have explained the expected market moves for today and tomorrow during my Asian session: Live market analysis webinar.The…Continue
Added by Dr. Sivaraman on July 31, 2014 at 1:34pm — No Comments
GBP USD 5 Min:
Price fell from the open in an expanding triangle down channel hitting a major channel line (bold dotted line slanting down left to right) on the nose rising then just breaking it…Continue
Outlook in USDCAD remains on the upside as long as support 1.0795/1.0865 holds on a daily closing basis , resistance comes at the 1.0945 levels , a halt is likely , but further gains will pave the way towards the 1.1025 levels ahead of the 1.1075 levels…
On the downside , support comes at the 1.0865 levels ahead of the 1.0795 levels (main) , losing this level on a daily closing basis will turn outlook neutral for retesting the 1.0737/1.0710 levels before the next rise…….
Added by Haitham653 on July 31, 2014 at 12:41pm — No Comments
The AUDUSD maintained a bearish momentum yesterday , bottomed at the 0.9302 levels and topped at the 0.9387 levels .This development leaves the pair targeting the 0.9256 levels , a halt is likely , but losing this level on a daily closing basis will open 0.9200 next , further downside will aim the 0.9135 levels…..
On the upside , resistance comes at the 0.9330 levels ahead of the 0.9387 levels ( main ) , break of the 0.9387 levels on a daily closing basis , will turn outlook neutral…Continue
Added by Haitham653 on July 31, 2014 at 12:39pm — No Comments