EU GBP Gold and Oil Forecast 21 May 2013
Good afternoon forex,
Nice to see all seven currencies meet or exceed my expectations today as per my trading plan. Support and resistance lines tracked according to my specs and volatility was equally matched. After reviewing today's price action here's my technical blueprint.
USDCAD: Closed at 1.0239. Resistance now at or near 1.0295. Minor support at or near 1.0218 followed by stronger support at or near 1.0150. BIAS: Mildly bearish. Catalysts: CAD…Continue
Added by The Zedder on May 20, 2013 at 10:30pm — No Comments
Recommendations: SHORT positions below 1.2901 with 1.2795 & 1.2700 as next targets.
Alternative scenario:The upside breakout of 1.2901 will call for a rebound to 1.2945/1.3030.
Description: The pair's already found resistance at 1.2901 level, as long as this level holds, look for further losses towards 1.2795/1.2700 levels, an hourly close above 1.2901 will call for a…
Added by Haitham653 on May 20, 2013 at 8:09pm — No Comments
UBS - "The dollar remains our favoured currency for 2013. The US economy is likely to expand more than its peers. The Federal Reserve is set to exit uncoventional monetary policy before other major central banks. Dollar diversification by central bank reserve managers and sovereign wealth funds is subdued, and America's shale energy revolution is cutting its current account deficit. Our bullish view on the greenback has become more consensus now. But if the dollar does embark on a multi-year…Continue
Added by Francesc Riverola on May 20, 2013 at 5:28pm — No Comments
Brown Brothers Harriman - "Euro: A large head and shoulders pattern is being carved out. The neckline is seen near the late March and early April lows around $1.2740. Below there is the low from last November near $1.2660, which is just below the $1.2680 retracement objective ($1.2680) of Draghi's OMT induced rally. The measuring objective of the head and shoulders pattern would carry the single currency below $1.20, our year-end target. The euro's 50-day moving average has…Continue
Added by Francesc Riverola on May 20, 2013 at 5:20pm — No Comments
The EUR vs USD is facing major uphill resistance at key levels. Currently the market is sitting right below the Weekly Pivot @ 1.28885. This level will be a level of resistance in the short term future in order to see more upside. The R-1 level sits @ 1.29795 which is near the psychological S&R level of 1.30000. This level has been a key S&R level in the past for this pair. The current short term…Continue
Added by ChaosTrader63 on May 20, 2013 at 3:33pm — No Comments
Marc Faber likes gold and is buying more.
Not gold ETFs, but real, live gold.
When asked why he wouldn’t keep any of his gold holding in America if it’s supposed to be one of the safest countries in the world for assets,
Dr. Faber answered, “Safe country? I’m not so sure about that…”
Click on the picture for the interview.…Continue
Added by Ron Schelling on May 20, 2013 at 3:15pm — No Comments
Currently we are at 1.2852. We have had a small retracement at the S5 so are looking for the continuation to the Day chart bottom @ 1.2738 and then the 1.618 support @ 1.2710. We are bearish. The current average daily trading range (ATR) is 109 pips.…Continue
Added by Scott Barkley on May 20, 2013 at 1:16pm — No Comments
The AUDCAD has bounced off of a major support level and should rally or retrace to at least 1.0241.
A good entry would be above 1.0070 for this setup.
Added by Successworks on May 20, 2013 at 12:30pm — No Comments
My forecast for this week I have explained during today's (20th May) " Asian session :Live market analysis" webinar time.
The recording of the webinar is available in the given below link:
You may view the video…Continue
Bank of America Merrill Lynch - "We expect the Euro outlook in the next few months to be determined by ECB policies and market expectations for their direction compared with FED policies. In turn, we believe that the impact of ECB policies on the Euro will be determined by the balance between monetary policy loosening to address weakness in the core
Eurozone economies and deflation risks on the one hand, and policies to address the continued credit crunch in the periphery on the other.…
Added by Francesc Riverola on May 20, 2013 at 11:11am — No Comments
The pair has broken below its uptrend channel and keeps below both its moving averages in a short-term…Continue
Added by Andre Hughes on May 20, 2013 at 11:08am — No Comments
Royal Bank of Scotland - "On the road seeing clients is always most enlightening, always the best way to take the market pulse. But the road can be a tricky place from which to develop detailed strategy ideas – too much distance from day-to-day detail.
So just a few bullets on broader, thematic, directional, conviction: In three words, keep buying Dollars.
(...) Yen is still your number (1) funding currency as Japanese foreign bond buying begins in semi earnest and on the critical…
Added by Francesc Riverola on May 20, 2013 at 11:02am — No Comments
Added by Andre Hughes on May 20, 2013 at 10:58am — No Comments
I found this nice article...talking about me!!! :)
What an honor ;)
Forex Thought Leaders: Francesc Riverola, Founder and President FXstreet.com
by Paul Milnes
Francesc Riverola is one of the foremost thought leaders in the world of forex trading, being founder and President,…
Today is a Monday made worst by the many Bank Holidays in Europe and also I believe in Canada
Mondays are normally slow ( not always though - as the market like to catch traders out when it can ;-0 ) - and so we expect movements at the London Open - but since then it's hardly been a morning…Continue
EUR/USD has started the week quietly, as the pair trades in the 1.2870 range in Monday’s European session. We can expect thin trading on Monday, as the French and German markets are closed for a holiday. The US wrapped up last week on a positive note, as UoM Consumer Sentiment climbed to a six-month high. Today’s sole release is from the US, as FOMC member Charles Evans delivers a speech in…Continue
Added by Yohay Elam on May 20, 2013 at 9:25am — No Comments
eur/usd sell 2886 sell 2799
spy buy 1676 sell 1661
apple buy 437 sell 428
Added by Jon Sproule on May 20, 2013 at 8:34am — No Comments
EURUSD once broke lower on Friday and hit 1.2800 level that we were focusing on already a week back. Now we can count five waves down in wave 3 from 1.3195 peak which means that bottom could be near. Notice that price also tested 200% extension level of wave 1 measured from wave 2 high which could also react as a support in wave 3. With that in mind, EURUSD could make a corrective bounce this week in wave 4, back to 1.2935 before new sell-off occurs. If 1.2800 is out then watch out for the…Continue
Added by Gregor Horvat on May 20, 2013 at 8:01am — No Comments