Added by Oasis on October 31, 2012 at 11:59pm — No Comments
Thomson Reuters Probes FX Trading Breach
by Dow Jones Newswires
The electronic currencies-dealing unit of Thomson Reuters (TRI) is investigating whether one of its high-speed trading clients, Lucid Markets, broke its rules to gain an unfair advantage in foreign-exchange markets.
According to a document seen by…
Added by Francesc Riverola on October 31, 2012 at 7:51pm — No Comments
Added by 50Pips on October 31, 2012 at 5:40pm — No Comments
The EURUSD maintained a bullish momentum yesterday as previously suggested , the bullish momentum was capped by the daily resistance 1.3015/22 as suggested yesterday and earlier in my weekly report.
The assumed target according to 1 hour chart (%R) is not achieved yet at 1.3020, but Osma trend indicator indicates that the bullish development is weakening now, an hourly closing below the key support 1.2945 will confirm short term top at 1.3020 and threaten 1.2922/1.28881 levels, a…Continue
Forex Trading Slowed, But Not Stopped, by Sandy
With many New York banks’ foreign-exchange desks expected to be thinly staffed Monday as Hurricane Sandy bears down on the city, their colleagues in London and elsewhere are preparing for a larger work-load. Katie Martin reports on Markets Hub.
But forex players don’t have quite the same…
Added by Francesc Riverola on October 31, 2012 at 2:14pm — No Comments
The GBPUSD maintained a bullish momentum yesterday, pressure will be on the key resistance 1.6143 , GBPUSD will have to hold above 1.6143 on a daily closing basis to push the market for further upside gains, if seen this scenario could push the market further higher towards 1.6273 levels, where a breach will turn focus to 1.6309 , a break would suggest that recent rise from 1.5267 - June low -is resuming and target 1.6400/1.6700 levels in medium term outlook.
Alternatively a failure…Continue
Added by Haitham653 on October 31, 2012 at 1:30pm — No Comments
Currently we are @ 1.3003 after the break of the down trend. The expected move is up first to the R4 resistance zone in the 1.3038 area. A break here suggests a move to the R5 @ 1.3182 . The daily ATR (Average True Range) is 81 Pips.
Added by Scott Barkley on October 31, 2012 at 1:02pm — No Comments
BUY GENERATED IN EUR/USD @ 1.2981 AND ACHIEVED THREE TARGETS THAT IS 1.3017 AND A HIGH OF 1.3020 A GAIN OF +30PIPS
IN GBP/USD BUY GENERATED @ 1.6106 AND TWO TARGETS ACHIEVED THAT IS 1.6132 AND A HIGH OF 1.6136 ,,,,,,, +25 PIP GAINED
Added by Y.R.Gajjar on October 31, 2012 at 12:58pm — No Comments
EURUSD: Having continued to strengthen for a second day in a row, risk could be building up for a return to its key resistance at the 1.3171 level. This view remains valid unless a violation of the 1.2890/22 levels occurs. A breach of the 1.3171 level will resume its broader uptrend towards the 1.3282 level with a cut through here calling for a move further higher towards its weekly ema at 1.3415 level. Conversely, the pair will have to break and hold below the 1.2890/22 levels to put its…Continue
Added by fxtech on October 31, 2012 at 12:41pm — No Comments
EUR/USD is moving upwards, as the US struggles to recover following the devastation and misery caused by Hurricane Sandy, which slammed the US northeast coast earlier this week. The weather may be better in Europe, but the markets are anything but calm as the crises in Greece and Spain continue. Euro-zone finance ministers will hold a conference call later today to discuss Greece’s progress under…Continue
Added by Yohay Elam on October 31, 2012 at 11:54am — No Comments
We all have the desire to sound smarter than everyone else. At least sometimes.
We say, "Hey, so and so - your stop is too big, that's a bad risk to reward." Of course we don't know anything about that person's trading strategy. Or how often they win. Or if they actually put the stop there as a catastrophic stop but plan to exit earlier if it…Continue
Added by David Pegler on October 31, 2012 at 10:36am — No Comments
Austerity is something we have come to hear a great deal about over the term of the global downturn and in particular in relation to the debt crisis in Europe.
Those holding the purse strings in Northern Europe are used to austerity as a tool that has been frequently used, in varying degrees, to manage their economies.
Those in Southern Europe, the so-called PIIGS, have not used austerity to manage their economies as they have been used to high interest rate, high inflation…Continue
Added by 50Pips on October 31, 2012 at 8:30am — No Comments
Added by 50Pips on October 31, 2012 at 7:50am — No Comments
After several attempts to break 1.2880 USD finally gave up and weakened against the EUR. EU currency has made a nearly 100 pips rally on a background of rising unemployment in Germany and more bad than good EU data. It was a little bit surprising, and at the same time it was expected because it's too early to enter the big positive Ichimoku. So it bounced and now 1.2880 is far below EUR currently trades around 1.2960 ready to make another leg higher. Weekly close above 1.2960 will accelerate…Continue
yesterday EURO and GBP have gained nominally and holding the gains during japanese session.
They are expected to firm up during late japanese session.
During European session they are expected to firm up and gain slowly as intentional move.
swing and rise moves are expected during US session.
It is month end time the market may suddenly gain momentum to trigger the derivative market - trade with care using your other market analysis methods…Continue
Added by Dr. Sivaraman on October 31, 2012 at 5:35am — No Comments