EURUSD @ 1.3230
The EURUSD continued its bullish momentum last week, topped at 1.3270, bottomed at 1.3103 and closed at 1.3242...
This week I assume a bearish move testing the key support 1.3103, a clear break below this level would lead for more loses testing the key support 1.3000..
Immediate resistance is seen around 1.3320 where bounce back to downside is expected , stability below 1.3320 is indeed to keep the bearish move suggested for this week valid , a…
Consumer price inflation (CPI) in Europe dropped during the month of April, as the latest release showed that prices rose 2.6 percent on a yearly basis. This is a slight drop from the 2.7 percent rise that was seen in March but the number was slightly higher than the 2.5 percent forecast that was generated by most market analysts.
The President of the European Central Bank (ECB) released comments outlining the official inflation outlook at the end of last week and he used the term…Continue
Added by Henry Daniels on April 30, 2012 at 5:43pm — No Comments
Welcome Dinner at Sal Café on the BEACH!
That will take…Continue
Added by FX BOOTCAMP on April 30, 2012 at 4:25pm — No Comments
CME Group Expands Multi-Asset Class OTC Offering with First Cleared FX Non-Deliverable Forward
CHICAGO, April 30, 2012 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, announced today that on April 27 the company cleared its first customer FX Over-the-Counter Non Deliverable Forward (NDF) trade, further expanding the company's market leading OTC solution across multiple asset classes. The currency cleared was the Brazilian Real.…
Added by Francesc Riverola on April 30, 2012 at 4:24pm — No Comments
Added by Sundaram on April 30, 2012 at 1:42pm — No Comments
Currently we are @ 80.05 just below the 80.21 support. Since we did not get a bounce but a breakdown here we are now looking for the S4 Target @ 79.46. Lots of confluence here for a bounce ( 2 supports, trendline bottom and the S4). If we can bounce here - Looking for a move back to the support @ 80.21…
Added by Scott Barkley on April 30, 2012 at 1:30pm — No Comments
Brian Twomey goes inside the currency market
Plato: I see Spain GDP was released "better than forecast" for the quarter at -0.3%. Is that why the Euro won't drop due to the better than forecast report.
Socrates: Again it makes no sense Plato. News reports compare Spain's GDP quarterly forecast to last year's quarter. As if that makes a difference. You see Plato, you must look at Spain's GDP forecast today in terms of the larger picture. All of 2011 saw…Continue
Added by Brian Twomey on April 30, 2012 at 11:50am — No Comments
Gold and silver slightly increased on Friday and may continue this slow-paced trading on the last day of the month. Spain published its GDP report: Spain's GDP had contracted by 0.3% in the first quarter of 2012 – the same rate as in the previous quarter. This is another report showing the economic slowdown Spain is at. Currently this news doesn't seem to have much of an effect on the financial markets. In a recent report by the IMF Mexico, Russia and Turkey added to their gold reserves…Continue
Added by Lior Cohen on April 30, 2012 at 11:28am — No Comments
Target from the 4/21 weekly update achieved :-)Continue
Euro dollar took advantage of weak US data, as the pair climbed to the mid-1.32 level. United States GDP for Q1 posted an increase of 2.2%, disappointing the markets which had predicted a 2.5% increase. Last week’s bright spot for the US economy was the UoM Consumer Sentiment release, which posted a slight increase and posted its highest reading in over a year. On the continent, concerns continue…Continue
Added by Yohay Elam on April 30, 2012 at 9:57am — No Comments
I'm proud to announce today that we have added research from JP Morgan, ING and Fidelity to the recently launched beta version of Interbank Talk, the new interbank's sentiment news feed integrated inside FXstreet's Market Talk section:…Continue
Added by Francesc Riverola on April 30, 2012 at 9:52am — No Comments
I feel pair has formed Double Top Pattern, continuous rejection below 1.33 level
pair find minnor support @1.3217 and below 1.3217 pair will resume bearish view towards 1.3030 initially target 1.3185,1.3145…Continue
in short term E/u re bounce ~= 1.3250 so watch us session
Added by kmsikar on April 30, 2012 at 9:37am — No Comments
While all attention is on European debt problems, many forget what's going on in the rest of the world.
Interesting YouTube movie and article what it mean to the US Dollar, Gold, inflation, etc.
Maybe old news but still reality.
Added by Ron Schelling on April 30, 2012 at 9:30am — No Comments
Added by Mihai Marinescu on April 30, 2012 at 7:12am — No Comments
Looking at the chart above we are doing our top down analysis to find a trade on the 4 hour time frame. Therefore we start with this daily time frame to get the market sentiment. The things that we will take notice is:
1. Price vs Kumo:
Price is inside the Kumo…Continue
Added by ChaosTrader63 on April 30, 2012 at 4:27am — No Comments
this was the end of the evening the ehem gentleman sort of in the pic is the young ladies fiancee - she caught the bouquet he caught the garter - it's all almost perfectly legal they…Continue
Added by JT on April 29, 2012 at 11:30pm — No Comments
Added by Lior Cohen on April 29, 2012 at 10:24pm — No Comments
Despite the high expectations for dramatic turns during last week's big news items including the FOMC meeting and U.S GDP for Q1 2012, eventually there were little movements in the forex and commodities. As we are entering a new…Continue
Added by Lior Cohen on April 29, 2012 at 9:48pm — No Comments