HSBC - "gold’s recent collapse and generally lower commodity prices have unnerved some investors, and anecdotally we have witnessed some profit-taking in EM currencies, even among some medium-term investors. However, we believe that what we are seeing is likely only to be a pause in risk appetite, and that cheaper levels will be viewed as buying opportunities.
(...) But while we believe many EM currencies will still be sought over the medium term, we still favor being selective within…
Added by Francesc Riverola on April 22, 2013 at 4:41pm — No Comments
Brown Brothers Harriman -
"- There were three developments from late Friday that will impact the investment climate this week.
. First, the G20 was not critical of Japan's efforts to reflate its economy
. Second, Fitch cut the UK's credit rating to AA+ from AAA
. Third, Italy took an unprecedented step this weekend to give the current president another term
- Meanwhile, PD leader Bersani resigned after he failed to carry a substantial number of deputies in support of…
Added by Francesc Riverola on April 22, 2013 at 4:22pm — No Comments
I was thinking about my mistakes and made up this few rules for myself. Believe me, it helps!
Price moves the same way also when you don't look every minute. Don't make yourself crazy!
Plan Trades carefully. Better pending orders at a good price than just “jumping in”. Wait for the price to come back, don't enter at peaks just because…
Added by Francesc Riverola on April 22, 2013 at 2:23pm — No Comments
Oil made a nice pull-back from 85.60 in the past few days, which we still think it represents part of a black wave 4. Notice that oil moved slightly above wave (a) swing high before price turned bearish in the last two hours. Thats very typical formation in expanded flats, so we like idea of a completed black wave 4 and wave 5 headed beneath 85. However, we need more aggressive sell-off and daily close below 87.45 to confirm the bearish view for this market.
Added by Gregor Horvat on April 22, 2013 at 2:18pm — No Comments
Currently we are at 1.3376 after breaking out of the uptrend. Remains to be seen if this is a false breakout but it pays to be ready. We are looking for a continuation to the support @ 1.3291 and then a bounce there. The current average daily trading range (ATR) is 112 pips.…Continue
Added by Scott Barkley on April 22, 2013 at 1:06pm — No Comments
according my last post for gold ..........i am going to set a pending order for gold .......pending sell @ 1505 and s/l @ 1531 and t/p 1278.........
for this sell order risk is 260 pips and reward is 2270 pips
and if s/l hit will see gold again with some tgt with longer term.....
Added by anil chauhan on April 22, 2013 at 11:42am — No Comments
Deutsche Bank - "Though sentiment may appear to be positive towards the US and the dollar, actual flows, positioning and views imply the opposite. Our dbSelect positioning indicator shows investors are short dollars. These short positions are larger than those seen in the euro, where investors are close to their smallest shorts in a year. Consensus analyst forecasts show a close-to-unchanged dollar profile against the majors this year and beyond.
Perhaps more importantly, when we look at…
Added by Francesc Riverola on April 22, 2013 at 11:20am — No Comments
UBS - "EURUSD NEUTRAL Support is at 1.2974 ahead of 1.2920. There’s an important resistance at 1.3228.
USDCHF BEARISH As long as resistance at 0.9345 holds, there is scope for resumption of downside. Support is at 0.9259 ahead of 0.9207.
AUDUSD BEARISH There’s scope for more downside with the trending indicators pointing south. Support is at 1.0202 ahead of 1.0115. Resistance is at 1.0359 ahead of 1.0398.
USDCAD NEUTRAL Resistance is at 1.0294, a break above this would open…
Added by Francesc Riverola on April 22, 2013 at 10:51am — No Comments
I continue coverign my short-term trades on EURUSD. If you feel you need more info for understanding you can have a quick look on my previous thread.
In recent days…Continue
I have presented Asian session Live market analysis webinar today and the recording of the same is available in the given below link:
Added by Dr. Sivaraman on April 22, 2013 at 9:33am — No Comments
A pair had a top on 105.4. From top, we are in larger wave 4. Last drop was impulse drop and can be counted a first wave in zigzag correction – A. There is very less chance of considering that wave as part of larger impulse move i.e. 1 (marked with red color), but having the probability, I keep that in my daily chart. On 240 min chart, price is well between in the channel, and depend on today close, we find reversal pattern on daily chart.…Continue
Added by FxMind on April 22, 2013 at 8:58am — No Comments
Current price is testing the uptrend channel, also testing the huge support drawn on daily chart. If this support breaks, we can see more downside towards 1.51, or we can possibly see two possibilities
a) Either we see bounce here, to test median and then fall back to 1.51
b) Or, we will see straight up to 1.546 area.…Continue
Added by FxMind on April 22, 2013 at 8:22am — No Comments
Added by Sardar Uddin on April 22, 2013 at 6:11am — No Comments
hello.my trades for today.sell eur/usd 1.3115/45 area sl 1.3230 1st tp 1.3005 2nd tp 1.2972.....gbp/usd sell 1.5350/1.5428 area sl 1.5455 1st tp 1.5215 2nd tp 1.5192 3rd tp 1.5170 ....buy limit gbp/usd 1.5175 sl 1.5148 1st tp 1.5214 2nd tp 1.5270/80 area 3rd tp 1.5300....gold sell limit 1448 sl 1460 1st tp 1425 2nd tp 1400 3rd tp 1390,if break 1390 sell off with 1st target 1350/60 area 2nd target 1340
Added by gregorian on April 22, 2013 at 5:56am — No Comments
EUR didn't move upside much on Friday and returned back below 1.3100 as expected. The price has formed an inverted hammer on Daily which is a low reliability bullish continuation candlestick. However after mr.Weidmann's comments the price will remain under downside pressure and any upside will be limited. The upside is limited also by the huge and thick negative Ichimoku above us on Daily. First support comes at 1.3035, then 1.3000 and then 1.2960.
Some investors prefered to take…Continue
EUR/USD closes with a Daily black body last Firday.
A Daily long upper shadow has formed. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
Euro Dollar / US Dollar appears to be locked in a trading range bounded by upside resistance and downside support. The most recently confirmed downside support level for Euro Dollar / US Dollar is around 1.27. …Continue
Added by Martin Kay on April 22, 2013 at 3:38am — No Comments
Added by asad rizvi on April 21, 2013 at 6:48pm — No Comments