I have taken almost today off.. Just came in peaking on the rates...
103.70ish on YEN and EJ almost making to 134 and boom down it comes...
Got me shorts on euro at 2974 / yen 103.69 and EJ failing at complete entries off 133.91-99 had to take smaller ones on a 132.27 break a bit later at 133.03 but managed to see my entry hitting out at 131.40 rt above previous halt mark of 131.30.. It then went further down to my surprise..
YEn had a smaller limit of 60 pips and was done and…
Added by Tahir Khan on May 23, 2013 at 2:11pm — No Comments
Currently we are at 1.4579 on support. We are looking for a small retracement then a continuation down to the 0.382 Fibo @ 1.4543 and then theS5 support @ 1.4444. The current average daily trading range (ATR) is 114 pips.…Continue
Added by Scott Barkley on May 23, 2013 at 1:10pm — No Comments
BMO Capital Markets - "the forthcoming key US data today and tomorrow will, we think, be significant for USD/JPY and equity markets. If the data are particularly strong, we suspect that a decent portion of the moves towards a weaker USD could be unwound by the end of the week, particularly if European equities move towards the “black” and US equities strike a buoyant tone. In the event of strong US data, we might look to start fading rallies or taking profit on long USD positions in AUD/USD…Continue
Added by Francesc Riverola on May 23, 2013 at 11:45am — No Comments
The EURUSD continued to maintain its bearish momentum yesterday after topping at 1.2998 levels, pressure now will be on the key support 1.2795, the EURUSD will have to hold below 1.2795 levels on a daily closing basis to push the market for further downside losses, If seen , it will target 1.2625 where a breach will turn focus on the 1.2500 ahead of 1.2400 levels.
Alternatively , a failure to hold below 1.2795 could mean a return to the 1.2998 levels,to completely eliminate the…Continue
Added by Haitham653 on May 23, 2013 at 11:40am — No Comments
Fidelity Worldwide Investment - "The rise in Japanese government bond yields is starting to undermine equity sentiment and especially J-REITs which have been selling off for the last month. Market volatility in Japan is such that it remains to be seen if this will be a lasting correction or just a natural pull back after many days of strong rises.
The danger I see from JGB market volatility is that a rise in yields could:
· hurt confidence via stock prices
· reduce support for…
Added by Francesc Riverola on May 23, 2013 at 10:15am — No Comments
Societé Generale - "Good Morning. Buy the dollar, sell EMFX and sell carry. It isn't about when the Fed “tapers”, it's about too many positions on the same side of the boat and the danger of a capsize.
When the Fed will slow its Treasury purchases will be data-dependent and the Funds rate may be less important in policy-making going forwards. Those are the direct takeaways from the FOMC minutes but the market tells us something different. The prospect of low rates for a long time…
Added by Francesc Riverola on May 23, 2013 at 10:04am — No Comments
This week started slowly, but that all changed dramatically on Wednesday, as the euro went on a wild ride following remarks by Federal Reserve Chair Bernard Bernanke before a Congressional Committee. The euro tested the 1.2998, but then fell hard, closing the day at 1.2842. Almost forgotten in the excitement was US Existing Home Sales, which fell below expectations. There are a host of US and Eurozone releases on Thursday. European PMIs were mixed, but French and German Manufacturing…Continue
Added by Yohay Elam on May 23, 2013 at 9:37am — No Comments
Added by Carol Harmer on May 23, 2013 at 9:12am — No Comments
HSBC - "The USD rally has further to run. The currency war is getting bigger and more intense, drawing ever more protagonists into the fray. In part, this may be because of the success of those central banks who have already sought economic advantage through targeting their currency. The market has realised there is no point in fighting the central banks at this time, and the USD is the natural candidate to act as the offset to this desire for depreciation elsewhere. If anything, the risks…Continue
Added by Francesc Riverola on May 23, 2013 at 9:10am — No Comments
eur/usd buy 2943 buy 2754
usd/jpy buy 10359 buy 10222
dow 30 buy 15459 sell 15154
apple buy 446 sell 435
Added by Jon Sproule on May 23, 2013 at 8:08am — No Comments
ASSALM O ALEIKUM fellows .. .. ..
i hope yesterday and a day before yesterday we all got reasonable profit ... i,m happy by this
oooooo my GOD today we have plenty of data from EU
and i think today trading is in EU on targets is not safe just trading on data.... for…Continue
A Daily black body was formed during yesterday’s trading session.
A Daily engulfing bearish line has formed (where a black candle's real body completely contains the previous white candle's real body). The engulfing bearish pattern is bearish during an uptrend. It signifies that the momentum may be shifting from the bulls to the bears.
If the engulfing bearish pattern occurs during a downtrend (which appears to be the case with Euro Dollar / US…Continue
AUD/JPY DAILY as of Thursday, 23 May, 2013
A Daily big black candle was formed during yesterday’s trading session.. This is a bearish candle as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trend line, or price resistance level), the long black candle adds credibility to the resistance.…Continue
Added by Martin Kay on May 23, 2013 at 6:17am — No Comments
GBP/USD is well followed a path mentioned on my weekly count.
I believe, GBP/USD is now completed it’s pattern and looking for pull back here, I am building my long here. There are few reason for going long which are as follow:
a couple quick definitions to get the kick the cat here
rr=risk/reward-the amount at risk compared as a ratio to the amount you make
opportunity-the amount of set ups a method gives you to enter the market in a period of time
expectancy- the amount of pips( or whatever you want but pips is best ) you excpect to gain(lose) employing a method per pip risked
in order to profit in the long run you must have a positive expectancy, this is a must. the amount of…Continue
Dear Friends, ForeXmospherians and Countrymen lend me your E.A.R.S.
EY EPR 60 Second H/S verses EPR 5 Second 3B = Gone in 1/10th of a Second.
Everything is .......
Royal Bank of Scotland - "There are no major changes in our view. We still favour buying dollars. We still forecast sizeable declines in EUR and in GBP against the USD over the next 12 months. We think the dollar strengthens initially (next six months) in a world of squashed volatility globally, cross asset class and some relative US cyclical growth optimism. Your funding currencies in this ‘li quidity solutions dominate’ world are Yen, pounds, and then Euros. We think the dollar strengthens…Continue
Added by Francesc Riverola on May 22, 2013 at 7:00pm — No Comments
National Australia Bank - "We have closed our long USD/JPY from 94.40 at 102.01; a gain of 8.1%. We look to buy again on a dip to 101.80
Our short AUD, long CAD established at 1.0635 was closed at 1.0078 for a 5.2% profit in just four weeks.
We exited our long-standing EUR/CHF position at 1.2440 for a gain of 3.4% and would be keen to re-establish this at 1.2390.
The short GBP/USD position from 1.5150 was exited for minimal loss at 1.5198. We are currently neutral here.
Added by Francesc Riverola on May 22, 2013 at 6:39pm — No Comments
ING Bank - "Bernanke’s testimony to Congress on the economy did not result in many surprises. As “Chief Dove” on the FOMC, he clung to the notion that the tax rises and sequester from earlier this year would have a profoundly negative effect on the economy (which is not totally supported by recent evidence), and that the Fed needed to counteract this with easy monetary policy.
There was no change in his view that the Fed’s dual mandate of price stability and maximum employment required…
Added by Francesc Riverola on May 22, 2013 at 5:59pm — No Comments
EU with up to 8 pips spreadContinue