January 2012 Blog Posts (432)

EURO Head Shoulders?

The Euro looks like it may be trying to carve out a Head Shoulder top, but really needs to stay under 1.3100 to remain valid. 1.3090 is 23.6% of 1.2623/1.3234 and currently acts as short term resistance.If it works, 1.2925 would be the target, so not a bad risk reward!…

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Added by FX Charts: www.fxcharts.com.au on January 31, 2012 at 10:55pm — 5 Comments

Are the Recent Rallies of Silver and Euro related?

During most of January silver and the Euro rallied from their slump of past months. These two indexes tended to have a strong relation in recent months, but has the relation between the two tighten? Could we explain the rally of silver during January with the appreciation of the Euro?  

 

 For the compete report on the analysis of silver and Euro see here in…

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Added by Lior Cohen on January 31, 2012 at 9:08pm — No Comments

EU 3030-40 if supp 3300 is still the tg

Been away since Friday..

Looking quickly on 4 and 8 hrs and it seems 3030-40 is imp supp and if holds we should get close enuf to 3300 b4 possibly shorts coming back kicking and firing all cylinders..



GL..…
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Added by Tahir Khan on January 31, 2012 at 6:22pm — No Comments

$GBPUSD–more left?

Currently we are @ 1.5772  just below the -0.270 Fibo.  A sideways move or small pullback is possible here .  Looking for the bullish move to the R6 @ 1.5860.  A failure to break the -0.270 Fibo  here would signal a move to the double top @ 1.5740.  We are remain bullish for now.…

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Added by Scott Barkley on January 31, 2012 at 2:36pm — No Comments

Most Watched Forex Webinars Of The Week - Ron William and James Chen Join the Club

Most Watched Webinar Recordings - Jan 23-29

#1
Sam Seiden - Major Forex Moves for 2012 and The All Star Entry - Lesson and…

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Added by Francesc Riverola on January 31, 2012 at 11:42am — No Comments

Gold and Silver Outlook for February 2012

During January, gold demonstrated its strongest performance in a single month since August 2011; for silver it was since July 2011.   Gold price is currently 10.76% above its price from the end of 2011; silver has added 21.05% to its value. What were the driving forces for this rally in gold and silver during January? Part of it might have to do with the recent pledge of the…

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Added by Lior Cohen on January 31, 2012 at 10:17am — No Comments

EUR/USD Rising in Channel While Ignoring Greece and Weak Data

Euro dollar continues it’s near perfect channel trading and moves higher. The EU Summit failed to produce any news regarding the burning issues of Greece and weak figures from Germany and France. The Greek PSI deal is forever “close” as Portugal continues signs of following the Hellenic Republic. End-of-month moves also make the market more choppy. Will the pair fall when the month…

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Added by Yohay Elam on January 31, 2012 at 10:02am — No Comments

EURUSD & Silver Outlook 31 JAN 2012

EUR/USD Daily Outlook 31 JAN 2012

The EURO declined yesterday as mentioned in the weekly report, and tested the area around 1.3080, but it pulled back again and attacked 1.3200 level last night..

As said yesterday,…

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Added by Haitham653 on January 31, 2012 at 9:59am — 9 Comments

Gold & Silver - Daily Outlook January 31

Gold and silver started off the week slightly falling along with other commodities. The Euro and AUD also traded down against the US dollar. There are still concerns regarding the Greek debt and the recent EU Summit, which was held yesterday, didn't seem to ease these concerns. Today, the EU unemployment rate will come out; other publications that might affect the market include: U.S consumer confidence report; Canada's GDP and China's Manufacturing PMI.     …

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Added by Lior Cohen on January 31, 2012 at 9:58am — No Comments

EURUSD 31 Jan 2012

Euro try to break 1.3240 top was unsuccessful, pair moved down below 1.3100 upward channel support and reached  1.3075 low (23% fib of 1.2620-1.3220) on yesterday trade, returning to 1.3200 make just triple top sense for me. In high probability we should see another dip correction below 1.3070, my initial target is round 1.3000 number.

Enter Short  above 1.3150  for 1.3050 and 1.3000 test with stops above 1.3250.

Thanks

Added by Reza Ajorloei on January 31, 2012 at 7:44am — No Comments

DolLaR is a SelL, but GoLD a BuY

 

 

Market will remain choppy and undecided about the trend unless there is clear view about the outcome of Greece meeting. The key to Euro’s next major up move largely depends on announcement of agreement between Greece negotiators and the private creditors. Otherwise Greece will not be able to avail bailout package facility that it requires to meet its March bond maturity.

While, market is also keen to know the…

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Added by asad rizvi on January 31, 2012 at 7:16am — 3 Comments

USD/CDN RE-ENTER

This market came up and retested the new resistance /old support area.  There was a double touch on the hourly and i entered on a break below the swing low on the 1 hr.  Stop is above the swing high, and just above resistance area.  Target is down to the next support area about 3:1.…

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Added by talisman on January 31, 2012 at 1:51am — 3 Comments

EUR/USD - Conitinued -2

Well, in the previous post I had mentioned that I expected a support near 1.3080. The support came there i.e. at 1.3077.

 

Now I would expect a resistance near 1.3065. If a firm break take over that then I would take that as an indication that the recent downward correction is over and possibilities of a retest of 1.3233 and then the earlier upward correction to continue would become stronger. On the other side if EUR/USD breaks below 1.3077, I would still expect supports in…

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Added by Himanshu Jain on January 30, 2012 at 10:30pm — No Comments

China to make Shanghai global trading hub for yuan

The Chinese government wants to emphasise once again that it has the final say in the value of the currency.

China will make Shanghai the global centre of yuan trading, clearing and pricing by 2015, according to a specific state plan laying out the city's future as an international financial centre.

The detailed plan, published jointly by the country's economic planning agency and the Shanghai government, shows the scale of China's ambition in creating its own version of New…

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Added by Ron Schelling on January 30, 2012 at 8:27pm — No Comments

Asian session: Live market analysis - webinar recording

Today (30th Jan) I have presented "Asian session: Live market analysis " webinar and the same is recorded and given in the below mentioned link:

 

http://www.fxstreet.com/webinars/sessions/session.aspx?id=b2d72c50-b223-4ff3-aea7-2a670821c9f4

 

I have explained the expected market moves during this  monthly trend reversal…

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Added by Dr. Sivaraman on January 30, 2012 at 5:10pm — No Comments

FM: US Treasury Department reconsiders exempting Forex from OTC Derivatives Regulations

US Treasury Department reconsiders exempting Forex from OTC Derivatives Regulations

by Michael Greenberg at Forex Magnates

En route to an official visit to Israel, Neal Wolin, the US Deputy Secretary of the Treasury Department commented that the treasury dept is currently debating whether or not to exempt FX products…

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Added by Francesc Riverola on January 30, 2012 at 12:35pm — No Comments

WSJ: Retail FX Traders Going Mobile In Droves

Retail FX Traders Going Mobile In Droves

By Erin McCarthy Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--There's a long-standing rule in Jared Johnson's household: no smartphones, iPads or foreign-exchange trading at the dinner table.

Johnson, an Indianapolis-based financial services broker who trades currencies on the side, is one of a rapidly growing number of retail…

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Added by Francesc Riverola on January 30, 2012 at 12:31pm — No Comments

Australia and New Zealand Forex Market Gathering Steam

Leading Australian Forex Trading Broker IC Markets Ends a Record 2011 Year

International Capital Markets Pty Ltd (IC Markets) a market leading Australian forex broker today announced its 2011 results culminating an exciting year for the company. Over the 2011 year forex trading volumes increased by 83%, with the number of clients increasing by a record 93% representing two straight years of double…

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Added by Francesc Riverola on January 30, 2012 at 12:27pm — No Comments

Gold & Silver - Daily Outlook January 30

During last week, gold and silver had one of their best performing weeks in recent time. But currently gold and silver are traded down. Today, the EU Summit will be held; the U.S. Personal Income and Outlays will be published.     

For the complete gold and silver daily outlook for January 30th see here in Trading NRG

 …

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Added by Lior Cohen on January 30, 2012 at 11:00am — No Comments

Interview to Michael Greenberg, FX Person of the Year 2011

The discreet insider who investigates and shares the sector's secrets and news



“I don't like discussing myself much” answered Michael Greenberg when asked to tell us more about himself…

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Added by Francesc Riverola on January 30, 2012 at 10:47am — No Comments

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