"(...)n some respects the Canadian economy faces the same scepticism as that of the US: the September employment report showed a surprising drop in the unemployment rate to 6.9% but this was wholly attributable to a decline in participation. Other key indicators such as the rates of change in house prices and household credit balances remain stable. The fact that the Bank of Canada has been able to register very little change in both 'rhetoric/statement volatility' and policy expectations is…Continue
Added by Daologic on October 23, 2013 at 7:23am — No Comments
Added by Daologic on October 23, 2013 at 7:18am — No Comments
"(...)Market reaction was as could have been expected. US Treasury yields have plunged, with 10-years down 9bp to 2.51, the lowest since late July. Equivalent Bunds have rallied less, yields falling 5bp to 1.80, although Gilts kept pace, with yields down 10bp to 2.64. Meanwhile, 10-year JGBs are likely to rally in sympathy today, continuing a trend decline seen since their sharp sell-off back in early May. Meanwhile, as should also be expected in a ‘Great Flotation’ phase - where more US QE…Continue
Added by Daologic on October 23, 2013 at 7:14am — No Comments
"EUR/USD uptrend intact. If the break of this year's high is sustained in the short term, a move above 1.40 can be expected.
Soundings from the Governing Council of the ECB over the strength of the euro may grow, but the ECB does not target the exchange rate and flexible labour and product markets have a materially bigger impact on competitiveness anyway - something which the euro area is embracing.
The Fed may be happy with a weaker dollar as observations suggest it can have a…
Added by Daologic on October 23, 2013 at 7:07am — No Comments
*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.3781
Sell Stop: 1.3804
Enter New SELL on OPEN and exit SELL 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…Continue
Added by Martin Kay on October 23, 2013 at 6:16am — No Comments
MARKET UPDATE 23.10.13
EUR/USD: Sell Below 1.3775,TP1.3740/23,SL1.3800,BOB1.3805
GBP/USD: Sell Below 1.6230,TP1.6185/1.6150,SL1.6260,BOB1.6273
GOLD: Sell Below 1338,TP1328/23,SL1343,BOB1346
CL: Sell Below 98,TP97.45/20,SL98.30,BOB98.45
USD/JPY: Buy above 97.35,TP97.65/83,SL97,BOS 96.97
GBP MPC Official Bank Rate Votes at 1.30pm, CAD BOC Monetary Policy Report at 7.30pm, BOC Press Conference 8.15pm
Added by Usman Ali on October 23, 2013 at 5:58am — No Comments
Recommendations: LONG positions above 1.3747 with 1.3825 & 1.3870 as next targets.
Alternative scenario:The dwonside breakout of 1.3747 will call for a slide to 1.3711/685 .
Description:The pair is very bullish , trades above its support 1.3747 , stability above this level will keep the bullish momentum strong and intact , resistance is at 1.3785, sustained break will open 1.3825, further out will aim the 1.3870 levels.On the…
EUR reached new highs yesterday as the NFP was far worse than expected. This makes the market think that FED will not taper its program at the next meeting and that fact will continue to weight on dollar price till the end of this month. It is quite possible to see prices around 1.3950-1.4000 in the next 10 days as the dayly and H4 indicators are extremely bullish. Only H1 and smaller frames show a little profit taking is currently in place. The economic confidence for the eurozone will be…Continue
End week of this month. Gold is climbing, euro is surging, what can be said... what can be told... about this madness, this bad governance, this precise behaviour of the markets? I can only tell you this:
Check the august 28, check the june 28 and see for yourselves.
Aside from Fed, tapering already started, united states republican party decided to start tapering by themselves. It was only a matter of time before they intervened and they just did. It is ridiculous, to think…Continue
GBPUSD spiked down to 1.5890 last week but then reversed strongly to the upside, above 1.6120 swing. If we take a look on the latest decline more closely then we can actually count 7 legs down from 1.6260 which is the number of subwaves in corrective retracement. With that said, we suspect that GBPUSD will remain supported and attack 1.6260 high and probably extended up to 1-6300 while 1.5892 holds as a support.
GBPUSD 4h Elliott Wave Analysis…Continue
Added by Gregor Horvat on October 23, 2013 at 3:49am — No Comments
Added by muthusamy perisamy on October 23, 2013 at 2:37am — No Comments
Added by muthusamy perisamy on October 23, 2013 at 2:37am — No Comments
I am a breakout trader and I am a range trader, which strategy I use depends on the situation. With the way I have my Bollinger Bands set up, I rarely see a touch on these, and when I do, I take the opportunity. I do have a stop here on this sell, but it is well above 1.38 which I think…Continue
After touching new all-time highs in July 2013 (11,483,000), lead by the main site FXstreet.com (English) and the irresistible move up of the mobile sites, August was once again the month off for traders and overall figures went down accordingly. September had to be a month to regain growth but it was not at all. The lack of momentum and volatility did not help to recover traffic numbers and after a promising start of the month, traffic just languished throughout the month…Continue
Currently we are at 158.67 and looking for a break north. This is a 2 part trade opportunity. 1) We are looking for a bullish continuation to the 1.2700 Fibo area @ 159.23 and 2) the next target the top and 1.618 fibo @ 159.81. The average daily true range (ATR) for the pair currently is 88 pips.…Continue
Added by Scott Barkley on October 22, 2013 at 12:58pm — No Comments
Here you have the Top3 Most Viewed Webinars for the last week:
Added by Francesc Riverola on October 22, 2013 at 12:47pm — No Comments
"Market sentiment is almost universally negative on the USD outlook in the near-term at least, with the Fed expected to remain sidelined for some months. We have not seen any CFTC positioning data for some time but the last release (covering the week through late September) showed net EUR positioning rising to the biggest net long since early 2011; given the price action since then, net EUR long positioning is only likely to have increased. …Continue
Added by Daologic on October 22, 2013 at 11:58am — No Comments
NFP & Unemployment US data to be released today at 13:30 LND ... I expect NFP figure will be much higher than consensus of 180k
SELL EURUSD @ 1.3651 TP 1.3582 / 1.3554
SELL GBPUSD @ 1.6117 TP 1.6033 / 1.6003
All the best
Added by Ghazwan Antoine Haddad on October 22, 2013 at 10:30am — No Comments
The prices of gold and silver resumed their upward trend and rose again during yesterday’s trading. The gold market was very quiet on Monday as the volume of trade in the CME was the lowest since Christmas Day of 2012. The modest volume could start to pick up today once the U.S employment report will come out. If the report surprises the markets, this could also stir up the precious metals…Continue
Added by Lior Cohen on October 22, 2013 at 10:06am — No Comments
Added by Abdalmouhemen Haj Madoun on October 22, 2013 at 10:00am — No Comments