All Blog Posts (19,784)

BUNDS-Near a key resistance, 140.9 0 might cap further advances-RBS charting fixed income Europe

"The market remains in a narrow range, as a bullish corrective target zone of 140.67/90 has been reached, where I suggested taking profits on S/T longs and looking to sell spikes to 140.90 on a caveat of a break above 141.33. This area marks a strong resistance zone formed by Fibonacci levels on the price chart and 100-day MA on the yield chart. The market also approaches a cyclical turning point. I think the yield will struggle to go below 1.70%, as weekly charts show double-bottom with…

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Added by Daologic on October 24, 2013 at 9:00am — No Comments

USDCAD: Rallies, Eyes Key Resistance.

USDCAD: With USDCAD rallying strongly on Wednesday, further price extension is likely in the days ahead. Resistance resides at the 1.0418 level. Further down, support is seen at the 1.0244 level followed by the 1.0200 level and then the 1.0150 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 1.0350 level followed the 1.0418 level. A violation of here will turn attention to the 1.0450 level followed by the 1.0500 level. Further…

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Added by fxtech on October 24, 2013 at 8:57am — No Comments

Let Nordics Run Their Course-UBS Morning Adviser

"(...)Firstly, developments this week have shown that markets cannot even count upon a 'risk-positive' environment anymore to at least give these two high-betas some tailwind. The AUD's sharp reaction to a gentle whiff of tightening in China is a clear sign that exigent positioning in risk longs is almost solely supported by liquidity, and this factor alone is no longer sufficient to guarantee sustained performance as major central banks have openly questioned the sustainability of such…

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Added by Daologic on October 24, 2013 at 6:49am — No Comments

London Open-TD Global Daily

"UK & Europe…

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Added by Daologic on October 24, 2013 at 6:45am — No Comments

Daily Brief for EU Session as on 24-10-2013

 MARKET UPDATE 24.10.13

EUR/USD: Sell Below 1.3825,TP1.3785/65,SL1.3850,BOB1.3860

GBP/USD: Sell Below 1.6220,TP1.6185/1.6150,SL1.6260,BOB1.6273

GOLD: Sell near 1338,TP1328/23,SL1346,BOB1347

CL: Buy above 97.20,TP97.75/98.10,SL96.90,BOS96.80

USD/JPY: Buy above 97.35,TP97.80/98,SL97,BOS 96.97

Important News;

French Flash Manufacturing PMI 12 pm, German Flash Manufacturing PMI 12.30pm, US Trade Balance 5.30pm, BOE Gov Carney Speaks 9.45…

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Added by Usman Ali on October 24, 2013 at 6:35am — 3 Comments

Acronyms Thursday: AQR, JPY, NSA, PMI, CBI- Rabobank Global Daily 24/10

"Equity markets reversed direction yesterday (Nikkei 12.0%, Eurostoxx -0.9%, and S&P -0.5%). This was led by a sharp move higher in the JPY in the case of the Nikkei, some disappointing earnings results in the US, and in Europe it was driven by the ECB’s announcement of the details of its Asset Quality Review (AQR). The AQR is to begin this month and last a year as a key step ahead of plans to move towards a single bank…

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Added by Daologic on October 24, 2013 at 6:31am — No Comments

EUR/USD & GOLD forecast 24.10.2013

Today a plenty of eurozone data will be released and continuing of the bullish move depends strongly on that release. Any disapponting value will lead to partly profit taking and building a temporary top. Indicators on H4 and Daily frames are still extremely bullish, on smaller frames we are also flat to bullish, so in this relation i expect further upside progress to be made, however keep in mind that these levels are quite high and ahead of 1.3840 we may encounter a huge profit taking…

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Added by Vladimir Mihaylov on October 24, 2013 at 5:42am — 1 Comment

AUD/USD DAILY as of Thursday, 24 October, 2013

*** Intra-Daily Trading Strategy: BUY Australian Dollar / US Dollar

Buy Target: 0.9675

Buy Stop:   0.9584 

Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING…

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Added by Martin Kay on October 24, 2013 at 5:38am — No Comments

EURUSD targets 1.3870/1.4025 , Support 1.3740 !

Even the pair has corrected a lower bit , but it's found support at the 1.3740, this development leaves the pair targeting the 1.3785 where a breach is likely , If seen , It will target the 1.3870 levels, further out will aim the 1.4025 levels.



On the downside, support is at 1.3740 levels, losing this level would delay the bullish move for retesting 1.3650 levels where halt is strongly suggested , sustained break below 1.3650 would open 1.3472 levels.



Overall, the pair…

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Added by Haitham653 on October 23, 2013 at 5:00pm — 8 Comments

$USDJPY- break through?

Currently we are at 97.42 after the break of the wedge.  Now we are sitting on a day chart diagonal and if we break through we are looking for continuation to the S5 – double bottom area @ 96.70.  The average daily true range (ATR) for the pair currently is 80 pips.…

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Added by Scott Barkley on October 23, 2013 at 1:04pm — No Comments

EURNOK At 8.1300 ~ At Supply?

While this pair has gone up quite a bit in the last 3 days, forming a Three White Soldiers formation within the up-channel, which could move it higher, I do think it is near the top of the range and I am…

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Added by Jason Justin Macko on October 23, 2013 at 12:44pm — No Comments

FX Set-up: A Squeeze on USD Shorts?-TD Morning FX outlook 23/10

"(...)We have been highlighting the almost universally negative sentiment on the USD recently, and yesterday’s soft US jobs report only reinforced that opinion.  But it appears the market had become a bit too one-sided against the big dollar, and all it too was a small trigger to squeeze some of that positioning.  Chinese liquidity concerns seem to have precipitated the overnight risk aversion, and without anything globally significant on the…

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Added by Daologic on October 23, 2013 at 12:00pm — No Comments

Understanding British English ..A must read for all you Johnny Foreigners!

I've just got this from a colleague and I am still in shock... Is it true?

I am a foreigner and I can see I do not understand a thing! :) :)

Francesc

WHAT THE BRITISH SAY WHAT THE BRITISH MEAN WHAT FOREIGNERS UNDERSTAND
I hear what you say I disagree and do not want to discuss it further He…
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Added by Francesc Riverola on October 23, 2013 at 11:16am — 1 Comment

Dollar Firms As China Rattles The Markets-BBH Currency view

"The weaker dollar theme that surfaced from the US payrolls data was reversed by a bout of risk aversion overnight, which was largely driven by negative financial news from China.  The current concerns were sparked by press reports that China’s biggest banks tripled the amount of bad loans written off in the first half of the year.  The reasoning is, reportedly, to clean…

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Added by Daologic on October 23, 2013 at 10:52am — No Comments

Fx Strategy Daily-BMO

"(...)USD/CAD continues to tread water after a high volume session yesterday post US NFP. The weaker than expected numbers led to a sharp fall in the USD against most currencies, and USD/CAD did participate to a degree, but once again very good Corporate demand was seen around 1.0270/1.0280, and the main take away from the day was Cad weakness on most of the cross…

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Added by Daologic on October 23, 2013 at 10:21am — No Comments

Long AUD/NZD basis a promising close- ANZ Technical Insight

"A change in trend has been evolving since the initial spike to test 1.1200 on 1 August. The gyrations seen since the test of 1.1200 (hit 1.1155-60) on 23 September could still be forming a frustrating corrective wedge, but today’s close above 1.1400 area (in Asian hours at least) is indicative of a larger…

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Added by Daologic on October 23, 2013 at 9:54am — No Comments

EURUSD: Pulls Back Still Maintains Medium Term Upside Bias.

EURUSD: We continue to maintain our medium term upside bias on EUR despite its pullback threats. Minimum resistance resides at the 1.3710 level, its Feb 01’2013 high. Further out, resistance comes in at the 1.3750 level followed by the 1.3800 level and possibly higher towards the 1.3850 level. Its daily RSI is bullish and pointing higher supporting this view. Conversely, support stands at the 1.3600 level where a breach will target the 1.3500 level followed by the 1.3456 level and then the…

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Added by fxtech on October 23, 2013 at 8:27am — No Comments

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