All Blog Posts (19,304)

USD/CAD: Still Range-bound-TD Morning FX outlook

Open 1.0317 Range 1.0314/1.0334 Previous Close 1.0313

Another day, another open on a 1.03 handle.  Directionally, USD/CAD remains neutral between the 400-day/200-day MAs.  There is a little more…

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Added by Daologic on October 8, 2013 at 11:53am — No Comments

USD/JPY: At Risk of New Lows-TD Fx Morning outlook

The JPY is the worst performing G10 currency overnight, after yesterday’s outperformance.  That retracement reflects the overall consolidative tone of markets this week as participants await further direction from the US political impasse.  US developments will remain in focus, but if the week wears on without a resolution on the debt ceiling, risk aversion should become a clearer force and the JPY would be one of the biggest beneficiaries.  It’s…

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Added by Daologic on October 8, 2013 at 11:49am — No Comments

EUR/USD: Consolidates-TD Morning FX outlook

A notably softer than expected German factory orders release went unnoticed in the spot FX market, leaving EUR/USD with the same consolidative tone that has persisted for the past two weeks.  The focus on US developments is becoming progressively stronger for the pair as the debt ceiling deadline approaches in just 9 days now.  That should leave the USD…

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Added by Daologic on October 8, 2013 at 11:45am — No Comments

Major Overnight Headlines-BMO

Japan’s finance minister Taro Aso said that any US default would cause Japan to reconsider its US debt holdings. Chinese officials said similar yesterday. Along with the Fed, these are the two largest holders of US Treasury bonds.

 There are unconfirmed reports for the office of Senate Majority Leader Reid that he will try to push for a vote on a clean CR today in the Senate. It is unclear whether Senate Republicans would try to stall any such bill via filibuster.

 The RICS…

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Added by Daologic on October 8, 2013 at 11:21am — No Comments

Dollar Mixed as Global Markets Await Fresh Incentives-BBH

"The partial shutdown of the US government and the political impasse remains the most important factor for markets.  Many are also recognizing that the longer the government is closed, the more likely that the Fed's exit strategy from QE3 is delayed.  The recent string of non-government data, including the ADP jobs estimate, auto sales, and consumer confidence all softened from the…

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Added by Daologic on October 8, 2013 at 11:02am — No Comments

Gold and Silver Outlook for October 8th

The gold and silver market continues to seek direction and much like last week, prices of precious metals have changed direction from Friday and bounced back. Their recent rally coincided with the recovery of the Euro against the USD. The U.S government shutdown continues and it seems that investors and traders have taken a …

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Added by Lior Cohen on October 8, 2013 at 10:25am — No Comments

Bullish USD Supports Bearish Euro – Elliott Wave Analysis

Markets did not go far in the last two sessions so our bias remains unchanged for the near-term. We see a nice upward reaction on USD Index from around 79.70 which is pointing for stronger USD if we consider a five wave rally and three wave retracement. That's an eight-wave cycle that signals for a move above 80.30 in this week while past week low is in place.

USD Index 30min…

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Added by Gregor Horvat on October 8, 2013 at 9:42am — No Comments

USD/JPY 1 HOUR

Added by Pip Logic on October 8, 2013 at 9:14am — No Comments

GBPUSD - Monthly Forecast Oct 2013

The GBPUSD maintained a bullish momentum last month, topped at the 1.6202 levels, now pressure will be on the 1.6202 levels.The GBPUSD will have to hold above the 1.6202 levels on a monthly closing basis to push the market for further upside gains,If seen,It will target the 1.6580 levels where a breach will turn focus on the 1.7000 levels.

Alternatively, a failure to hold above the 1.6202 levels could mean a return to the 1.5200/1.5500 levels, at this point we might see reversal to…

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Added by Haitham653 on October 8, 2013 at 7:59am — No Comments

FX flows-UBS

EURUSD: Net bought overall. Strongest buying pressure from asset

managers in over a year. Leveraged accounts were sellers though.

USDJPY: Hedge funds were net sellers for a fourth week in a row, but

buying from other client categories kept the pair in net bought territory.

 USDCHF: Leveraged names were surprise buyers despite the deepening

US fiscal crisis.

 EURCHF: Net buying hit an 8-week high, with all client segments

joining in and pushing in the same…

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Added by Daologic on October 8, 2013 at 6:55am — No Comments

Investors see light at the end of the Eurozone tunnel - RBS

"The EUR may rise on evidence of modest recovery, potential for a drift up in money market rates, investors seeing light at the end of the tunnel for Eurozone banks and periphery debt, and a large current account surplus. Current levels of EUR/JPY provide a good entry level for long positions if you are prepared to bet on the US avoiding the worst case fiscal debt ceiling scenario."

Added by Daologic on October 8, 2013 at 6:40am — No Comments

Daily Brief for EU Session as on 08-10-2013

 MARKET UPDATE 08.10.13

EUR/USD: Sell Below 1.3575,TP1.3540/25,SL1.3603,BOB1.3610

GBP/USD: Sell Below 1.6085,TP1.6050/6023,SL1.6120,BOB1.6127

GOLD: Sell Below1327,TP1320/15,SL1333,BOB1335

#CL: Sell Below 103.20,TP102.75/55,SL103.50,BOB103.58

USD/JPY: Buy Above 97,TP97.30/53SL96.75,BOS96.68

EUR,German Factory Orders 3pm

 

 

Added by Usman Ali on October 8, 2013 at 6:26am — No Comments

USDJPY under pressure-Market musings-TD Securities

"JPY better supported on risk aversion as Washington deadlock continues. Risk of short-covering remains

high (probably).

  Japan PM Abe indicating that labour reforms may be delayed risks undermining perception of reform

progress (and weigh on Nikkei).

  Seasonal factors have not had a lot of traction in the past few months but history suggests that October

remains the best month of the year for the JPY. A soft close for USD/JPY last Friday was a “heads up” that…

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Added by Daologic on October 8, 2013 at 6:00am — No Comments

Crude Oil (Weekly Chart) : Possible Reversal , Resistance is at 105.08 levels !

The Crude Oil maintained some bullish momentum last week , printed a new support at the 101.04 levels, resistance is at the 105.08 levels, stability below the 105.08 levels on a weekly basis, would add pressure on the 101.04 levels , a break below the 101.04 levels would suggest that fall from 112.20 is resuming ,If seen, next support comes at the 98.20 levels, further downside will aim the 92.71 levels.

On the upside, sustained break above the 105.08 on weekly basis, would suggest…

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Added by Haitham653 on October 8, 2013 at 5:00am — No Comments

Aussie Looks Poised To Trade Higher...9600 Target

Added by Carol Harmer on October 8, 2013 at 4:44am — No Comments

Track the market along with me - read the market and trade at ease

Dear All

Today (08 Oct) I will track the market along with you during my live Twin webinars -"Tracking the forex market together " Part I & II.

I will explain the simple market tracking technique following the market timings,types of market moves using the live market quote page as a simple tool to track all the tradable pairs.

We also identify which 2 pairs they handle at a given time to take positions in them to close the trade with profit within the same session…

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Added by Dr. Sivaraman on October 8, 2013 at 3:30am — No Comments

NZD/USD 1 Hour

Added by Pip Logic on October 7, 2013 at 8:51pm — No Comments

Bonds and Dollar Becalmed Despite Debt Limit Rhetoric

The closer the date when the Federal government runs out of funds to pay all of its debts, October 17th according to Treasury Secretary Jack Lew, by the end of the month according to others, the less the credit markets seem to be concerned.

I exaggerate, but not by much.

On the morning of September 18th, the day of the last FOMC meeting, the yield on the generic 10-year Treasury opened at 2.84 percent and traded as high as 2.90 percent. After the announcement of the Fed…

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Added by Joseph Trevisani on October 7, 2013 at 6:18pm — No Comments

10y yield under US technical default

Added by Bagehot Tomas on October 7, 2013 at 4:15pm — No Comments

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