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…

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…

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…

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…

eur/usd  buy  2943   buy  2754

usd/jpy  buy  10359   buy  10222

dow 30  buy 15459   sell  15154

apple  buy  446   sell  435

ASSALM O ALEIKUM fellows .. .. .. 

i hope yesterday and a day before yesterday we all got reasonable profit ... i,m happy by this 

EURO 

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…

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…

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.…

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:

• It’s having daily support @ 1.5025
• RSI already diverged
• Volume…

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…

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 .......

Best Regards,

Sir Gissachance…

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…

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.

We…

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…

Bernanke's mess

EU with up to 8 pips spread

GC - today's winner giong away with 29 pips…

Most of us are familiar with the Dollar Index, but there is another very useful index which tracks the Japanese yen against a basket of primary currencies. 

The great thing about the Yen index is that it is not European weighted and therefore far more representative of Yen strength and weakness.

The…

The chart above is a 3 minute over 3 days on the EJ. As I am sure you know - I am mainly a scalper and so you would expect to see me on the small frames - but I think its important to point out - that every week - I do look at my monthly / weekly charts and most days will have brief look at the "history channel" - ie…

Eurodollar's current phase of price action on the daily chart has now been in place since early March, with the pair oscillating between 1.2750 to the downside and 1.32 to the upside.

Price action over the last two weeks has been classic eurodollar with an initial move lower now reversing with the pair now…

UBS - "USDJPY BULLISH With the broader bull trend in place, the next major resistance focus is at 105.60. Support is at 101.26.

EURUSD BEARISH Any upside will be limited as bearish conditions persist. Resistance is at 1.2967 and 1.3020. Support is at 1.2797, a break below would expose 1.2746 ahead of the critical 1.2662.

The pair sold off sharply to test support at 1.5128 yesterday.

GBPUSD BEARISH There is scope for more downside in the near-term. Next support is at 1.5034 ahead…