EUR/JPY. EJ at 126.75 is currently in the neutral zone, caught between 123.58 to distinguish the downside is safe and 128.65 for confident longs. This represents my longer scale. Shorter scale sees 125.16 for safe shorts and 127.08 to assure longs reach destination targets. Sunday night's breakout from 125.43 to the upside reveals an oversold situation despite price caught in neutral zones. Normally neutral zones are areas to wait for price breaks either way. So my Targets are…

The prices of gold and silver haven’t done much during last week as they moved in an unclear trend. Next week, however, the precious metal market might stir up as the FOMC will convene and decide to any changes to its monetary policy. Let’s analyze the upcoming events that may affect gold (GLD) and silver (SLV).

Will the FOMC taper QE3?

This question will be the…

JP Morgan - "The big picture is still favoring the view that the recovery from 1.2746 (April low) is nothing else but a classical 3- step countertrend rally with a maximum upside potential of 1.3483/1.3521 (int. 76.4 %/pivot). That said we have opened a strategic short position in expectation of a minimum decline to 1.2436/26 (76.4 %/C = A) and intend to add up either at 1.3450 or on a break below key-support at 1.3177/73 (pivot/minor 38.2 %) as a break below the latter would confirm the…

Societé Generale - "Our Technical analysts see a move in AUD/USD to 0.99 or so, even within the context of the longer-term downtrend. In terms of EUR/AUD, a 38.2% retracement of the recent rally would take us down to 1.34 and that seems a reasonable target. 1.4150 is a viable stop above here. On the EUR/USD side, a lot of bearish sentiment in the European economy and in the currency has been flushed out by the last month’s jump in PMIs. That means that a further PMI gain is now priced in and…

Hihi frnds,

Originally posted for Oasis in his eurusd LT view, but I will repeat it here for myself. In my personal view fiber is overvalued, but like everything in this world u can find another view that cud be extremely on the other side (for example Dr.S. view). There is always a lot of arguments for any of the parties, but to us as…

After massive few weeks rally of Canadian Dollar we can have almost the first time a long position. We did at 1,0165, SL 1,0150, TP 1,0190.

Our day trading workshop is on skype. Skype name: „Blindfoldedmonkey” or go to…

Currently we are at 149.05..  A couple of different scenarios.  1:  bullish: a move to the upper day chart trend line @ 150.68 area) and break out we will look to the 0.382 fibo @ 151.52.  2: Bearish : A break down at  the 1.2996 area would set up a nice move to the S7 @ 147.10. The average daily true range (ATR) for the pair currently is 233 pips.…

EUR/SEK, has climbed the 1e six months in 2013, but now correctiing on low inflation.

3-6 months forecast 8.45 - 8.60 as the economy is improving.

Unemployment 8.8%, up 0.1%…

Brown Brothers Harriman - "Observations on the speculative positioning in the CME currency futures:

1. In the CFTC's reporting week, the gross short currency futures positions were cut across the board. Gross long position adjustment were more mixed; the euro, yen, sterling and Swiss franc longs expanded, while the Canadian and Australian dollars and Mexican peso were reduced.

2. There were four significant gross position adjustments (more than 10k contracts): Both the gross euro…

Royal Bank of Scotland - "The market will be waiting for the FOMC meeting on Wednesday which is complemented by the quarterly FOMC member forecasts and press conference by Governor Bernanke.

(...) Our Economists write that they slightly favour tapering to begin in December, but think September is an "attractive option". They think that Bernanke will prefer to "err on the side of caution" and not taper until December. They also think when it begins it will be a $20bn reduction in the…

Dear All

I have given my market analysis for this week 17-21 June during " asian session: Live market analysis " webinar.The recording of the webinar is available in the given below link:

http://www.fxstreet.com/webinars/sessions/session.aspx?id=817e6549-9ff3-4692-9bb0-94f9585d068d

You may view the webinar and get the basic info about the expected market moves the…

UBS - "EURUSD BULLISH With the MACD above its zero line, the potential is for further upside. Resistance is at 1.3390 ahead of 1.3520. Support is at 1.3266

USDJPY BEARISH The weakness since mid–May is approaching the significant support at 93.57. A closing break below this would be further negative opening 90.43. Resistance is at 96.10.

GBPUSD BULLISH There is a strong resistance at 1.5789. A closing break above this would be further positive opening 1.5879. Support is at…

Cable is still very bullish, which tells me if we have a pull back after we have to try again the buy of the bull. So I did at 1,5720, SL 1,5700, TP1 1,5735, TP2 I do not have a faintest idea. After the break out might be anywhere.

Our trading room on skype each day from CET10:15AM to 14:15PM. Register on…

EUR/USD is starting off the new trading week quietly. The euro gained closed to one cent last week, and is trading in the mid-1.33 in Monday’s European session. Taking a look at Monday’s releases, it’s a  quiet start to the week. Eurozone releases started off with a whimper ,as today’s tow releases disappointed. Both Italian and Eurozone Trade Balances fell well short of their estimates. In the…

Today is the anniversary of one month the EURUSD is in huge uptrend. In this trend, we have to bullish too. So I placed also a long position this morning at 1,3346, SL 1,3320, TP1 1,3370, TP2 1,3390.

Our trading room on skype each day from CET10:15AM to 14:15PM. Register on skype:…

Morning Traders - a bit different today - I am going to post some of my intraday chart for the key pairs/

The first one above is the EUR /JPY  - this pair is currently in a up channel for the early London session

The next chart below is the GBP /USD - …