" The RBNZ decision is due and the market is well priced for a 25bp hike in the OCR at the March meeting. The latest housing markets indicators have shown a bit of weakness, but more broadly economic indicators have remained robust. Because the market is largely priced for a hawkish statement from the RBNZ, it may be difficult for the RBNZ decision to come off as particularly more hawkish.
Broadly solid domestic data has likely been one of the factors contributing to the resilience of…Continue
Added by Daologic on March 12, 2014 at 5:05pm — No Comments
The High Frequency trading company that's about to go public only had 1 day of trading losses in 5 years ! Click the link for the full story.
Added by Ron Schelling on March 12, 2014 at 5:00pm — No Comments
EURJPY 5 Min :
Price reached a high then spiked down in an up down complex. It pulled back into two lower highs forming a double top lower than the original high. This is a high probability set up.
The double top also…Continue
Today (12 March ) I presented monthly Twin webinar - "Tracking the forex market together " part I & II.I have explained how I trake trading decisions using the direction from my forecast,fine tune it using the market reading technique following their types of market moves, and take trades.In that expecting the unexpected,I use hedging to limit the risk and eitherway trading.
I have taken live positions during Early European session and close during late european…Continue
Added by Dr. Sivaraman on March 12, 2014 at 3:53pm — No Comments
No 1.1: AUDCHF (12-03-2014 / Last Price: 0.7938).
Bullish traders will pay attention to the immediate resistance level at (0.7880). If the pair manages to go through this level, further resistances are situated at 0.7940.
Trading strategy (based 1H chart)
Buy at 0.7830 /20 area and price target 0.7920 and then 0.7940 stop loss at…
For the 3rd time in a row, FXStreet will nominate its “Forex Person of the Year”. With this title, we want to highlight the work of a person, a team of people or a project that has positively contributed to make the Forex world better. Our market is big and many professionals work in it… some of them to make the business easier and better for the traders. Our focus has…Continue
Added by Francesc Riverola on March 12, 2014 at 2:49pm — No Comments
GBPUSD; triangle placed in wave (iv) suggest that move to the lows was final within a five wave decline from 1.6783. We also can see a divergence between waves (iii) and waves (v) so rally can be seen in sessions ahead. Break of 1.6634 will confirm a completed leg, maybe even of a wave C of a three wave retracement from Feb 17th high, so we should be aware of a bullish reversal in that instance.
GBPUSD 1h Elliott Wave Analysis…
Added by Gregor Horvat on March 12, 2014 at 2:11pm — No Comments
The XAUUSD continued its bullish momentum yesterday , printed support at the 1337 levels . This development leaves the pair targeting the 1365 levels where a breach will turn focus on the 1380 levels , further out will aim the 1400 levels .
On the downside , support comes at the 1337 levels , stability above this level on a daily basis will keep pushing towards the 1365/1380 levels . losing the 1337 levels will turn outlook neutral and open 1328 levels before the next possible…Continue
Added by Haitham653 on March 12, 2014 at 12:48pm — No Comments
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In February 2014, the App has reached 4,589 Active Users, 47,904 Sessions, 213,447 Screen Views with an average Screens/Session of 4.46 and Avg. Session Duration of 00:02:15.
Excellent number to get started.... Still not using it? now it includes our famous Economic Calendar, that covers the most important…Continue
"USD/JPY – struggling for strong direction
At the start of this year USD/JPY notched a multi-year high in the region of 105.44. Following a rally through the final two months of last year, the market…Continue
Added by Daologic on March 12, 2014 at 12:07pm — No Comments
"FX Set-up: AUD Slips on Risk Off…Continue
Added by Daologic on March 12, 2014 at 11:53am — No Comments
After starting the year recovering the losses seen in December 2013, February was a quite disappointing month and traffic figures fell an almost 6% in page views overall.
The extraordinary performance of the unique visitors seen in December and January had no follow up in December, so after bouncing to 850,000 uniques in January it fell to 777,000 in February.
EUR/USD is steady in Wednesday trade, as the pair shows little movement for the second straight day. In the European session, the euro is trading in the mid-1.38 range. Eurozone Industrial Production declined in February but the euro did not lose ground as a result. In the US, JOLTS Job Openings dipped to a three-month low and fell short of the estimate. It’s a quiet day in the US, highlighted by Crude Oil…Continue
Added by Yohay Elam on March 12, 2014 at 10:39am — No Comments
EURGBP - Pound to under perform EUR
Added by Omkar Godbole on March 12, 2014 at 9:11am — No Comments
The S&P500 turned down yesterday, but FX markets did not follow much. We can see USD still within intraday ranges, the only exception was AUDUSD where we have seen a move down with the S&P losses.
As you know on AUDUSD we have been observing a potential bearish scenario which is playing out now it seems, as decline from above 0.9040 can be wave iii) so current slow price action can be wave iv) with reversal down coming from 0.8980/0.8990 intraday resistance zone.…
Added by Gregor Horvat on March 12, 2014 at 9:00am — No Comments
“The success rate of trades is the least important performance statistic and may even be inversely related to performance” William Eckhardt, Hedge Fund Manager.
So after yesterday’s Doji candle in NZDUSD we have already been a good deal lower…Continue
Added by Gary on March 12, 2014 at 8:58am — No Comments
The GBPUSD continued its bearish correction yesterday , topped at the 1.6652 levels and bottomed at the 1.6595 levels . Now pressure will be on the key support 1.6595…
The GBPUSD will have to hold below the 1.6595 levels on a daily closing basis to push the market for further downside losses , If seen It will target the 1.6540 levels , a halt is strongly suggested and the pair might revere to the upside from that point , If 1.6540 fails on a daily basis , expect the market to weaken…Continue
Added by Haitham653 on March 12, 2014 at 8:31am — No Comments
Recommendations: LONG positions above 1.3832 with 1.3870 & 1.3910 as next targets.
Alternative scenario:The downside breakout of 1.3832 will call for a slide to 1.3812/1.3775.
Description: Intraday outlook in EURUSD remains on the upside as long as support 1.3832 holds on hourly basis, a clear break above 1.3872 is needed to resume the upside offensive , If seen , It will target the 1.3915 , break of 1.3915 will open…Continue
Added by Jason Sen on March 12, 2014 at 8:15am — No Comments
Added by Jason Sen on March 12, 2014 at 8:08am — No Comments