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USDJPY Morning FX Outlook TD Securities

USD/JPY: Grinds Lower

The JPY is the top performing G10 currency overnight, adding to its

outperformance since the beginning of the month. ‘Safe haven’

demand on US debt worries continues to add to the JPY’s appeal

(as well as the CHF), with more divisive comments from House of

Representatives Speaker Boehner and President Obama over the

weekend adding to concerns that a resolution is not any closer than it

was on Friday.

Seasonally, October has been one of…

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Added by Daologic on October 7, 2013 at 11:54am — No Comments

USDCAD Morning FX outlook-TD Securities

Open 1.0321 Range 1.0287/1.0325 Previous Close 1.0295

USD/CAD continues to pivot around the 1.03 area. Risk aversion is a

modest drag on the CAD’s short-term performance at least but shortterm

rate spreads are currently the most potent correlation with the

CAD and spreads remain supportive, if off the recent highs. More

backtracking in spreads (recall that the BoC downgraded its views on

growth into the end of the year) plus more risk aversion are needed to

push…

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Added by Daologic on October 7, 2013 at 11:51am — No Comments

EURGBP and GBPUSD FX Technical Strategy-RBS 07 October 2013

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Added by Daologic on October 7, 2013 at 11:41am — No Comments

USDCAD-BMO Capital markets;Fx Strategy Daily

We start a new week and Usd/Cad continues to trade around the same levels which have held for two weeks. Good demand is still seen for Usd a little lower down towards the 1.0275 area, and we would expect to see System stops below there through 1.0260. Topside looks capped near 1.0350/60 for now. Eur/Cad drifted lower in to the tail end of last week as some long liquidation was seen on Friday. 1.4100/1.4125 is still critical resistance on that cross, the highs seen earlier this year. Support…

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Added by Daologic on October 7, 2013 at 11:21am — No Comments

Flight to Safety should give the US dollar - contrarian approach

This morning’s sharp fall in European equity markets and overnight falls in Asia combined with the Dow Jones futures nursing a triple digit fall should give a boost to the US dollar. However, this has not been the case thus far today with the greenback below last Friday’s closing levels against the Euro, Sterling and Yen. The US dollar was picking up strength against most currencies at the end of last week after the slump since July. The US dollar has weakened from 1.28 Euro to 1.36 Euro in…

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Added by Ronnie Chopra on October 7, 2013 at 11:14am — No Comments

GBPUSD - Under Pressure , Resistance is at 1.6177 !

The GBPUSD has lost some of its upside momentum last week , printed a new resistance at the 1.6177 levels, stability below this level on a daily closing basis is likely to add pressure to the 1.5954/1.6004 levels , a halt is suggested but losing this level will confirm short term topping and flip bias to the downside towards the 1.5716/50 levels.

On the upside , sustained break above the 1.6177 is likely to recapture the 1.6259 levels with a breach , above the 1.6259 will target the…

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Added by Haitham653 on October 7, 2013 at 10:26am — No Comments

What is gold up to?

Gold is a chemical element with the symbol AU and atomic number 79. It is a dense, soft, malleable and ductile metal with an attractive, bright yellow color and luster that is maintained without tarnishing in air or water. Briefly, gold is nothing else than an chemical element on Mendeleev's periodic table and still is not as the other elements from the table. That's because gold has been widely used throughout the world as a vehicle for monetary exchange, either by issuance and…

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Added by Arenoosh on October 7, 2013 at 10:08am — No Comments

Amazon.com trade idea update

Only a few days ago I was suggesting to trade the Amazon.com shares as CFD buying in the 318 - 320 area with the SL at 313.80. Yesterday evening (my time) the Amazon.com shares made a higher high of all time at 322.58$/share and a few hours later I saw my SL hit :(



So what's happening here? The fundamentals suggest to buy this share, the technicals suggest to buy Amazon.com, the Dow Theory says to buy Amazon.com when market goes higher than its last peak (and it…

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Added by Arenoosh on October 7, 2013 at 10:05am — No Comments

EURUSD - Under pressure , Support is at 1.3537/1.3461 levels !

Although the EURUSD maintained some bullish momentum last week , but the pair has lost some of its upside momentum , support is at the 1.3537 levels, losing this level on a daily closing basis should weaken the current bullish run , next support comes at the 1.3461 levels, to reverse risks to the downside, the pair will have to hold below the 1.3461 levels on a daily closing basis ,If seen , a short term top will be confirmed , next support comes at the 1.3385 levels, further downside will…

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Added by Haitham653 on October 7, 2013 at 10:00am — No Comments

AUDUSD – Weekly Forecast 07-11 Oct 2013

The AUDUSD maintained a bullish momentum last week, printed a new support at the 0.9280 levels , stability above this level is likely to build a pressure on the 0.9528 levels, break of 0.9528 levels will open the 0.9665 levels, further upside will aim the 0.9960 levels.

on the downside, losing the 0.9280 levels on a weekly closing basis will open the 0.9068 levels , further downside will aim the 0.8891 ahead of the 0.8847 levels.

In all the AUDUSD will remain biased to the…

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Added by Haitham653 on October 7, 2013 at 9:19am — 1 Comment

USDJPY – Weekly Forecast 07-11 Oct 2013

The USDJPY continued its consolidation phase last week but with some bearish momentum, a weekly close above the 99.27 levels is likely to add pressure on the 100.86/101.52 levels, to resume rise from the 95.80 levels , the pair needs to clear the 101.52 levels to open 103.73 levels, a breach will have large bullish implication towards the 108.21 levels, further upside will aim the 112.30 levels.

On the the downside, stability below the 99.27 levels is likely to add pressure on the…

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Added by Haitham653 on October 7, 2013 at 9:16am — No Comments

Elliott Wave Morning Review For USD Index And US Bonds

Morning traders! I hope you all had a wonderful weekend!



Stocks futures and commodities are showing some weakness this morning, put markets into the risk-off mode as the U.S. government shutdown continues after the House Speaker Boehner said he would not pass a bill to increase the US debt ceiling without addressing longer-term spending and budget challenges as reported by the media.



On USD Index we have seen a quite sharp rally in the last 48 hours of trading which…

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Added by Gregor Horvat on October 7, 2013 at 9:01am — No Comments

Forex market forecast for the week 07-11 October

Dear All

Good day.we are in the new week after some profit booking moves during the month beginning week.

The expected market moves for the week 07-11 October was given during my today's (07 Oct)  "Asian session: Live market analysis" webinar .

The recording of the webinar is displayed in fxstreet.com under the main menu webinars.

You can click the given below link to open the webinar recording.

 …

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Added by Dr. Sivaraman on October 7, 2013 at 7:25am — No Comments

GBPUSD - Weekly Forecast 07-11 Oct 2013

The GBPUSD maintained some bearish momentum last , bottomed at the 1.6004 levels ,and topped at the 1.6259 levels, now pressure will be on the 1.6004 levels.

The GBPUSD will have to hold below the 1.6004 levels on a weekly closing basis to push the market for further downside losses ,If seen ,It will target the 1.5716/1.5750 levels where a breach will turn focus on the 1.5426/1.5500 levels .

Alternatively, a failure to hold below the 1.6004 levels could mean a return to the…

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Added by Haitham653 on October 7, 2013 at 7:08am — No Comments

EURUSD - Weekly Forecast 07-11 Oct 2013

The EURUSD continued its upside bias last week , topped at the 1.3645 levels, to resume its upside offensive; the pair will have to hold above the 1.3645 levels on a weekly closing basis,If seen , It's likely to recapture the 1.3710 levels with a breach , next resistance comes around at the 1.3785 levels, further upside will aim the 1.4000 /1.4280 levels , a rejection is strongly suggested around the 1.4280 levels , but sustained break above the 1.4280 levels would open the 1.4685/1.4940…

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Added by Haitham653 on October 7, 2013 at 7:05am — 2 Comments

Forex Oracle of the Week Contest - Place Your Calls For GBP/USD Friday's London Open Price

Rules:

1. Remember to place here you calls for GBPUSD price for Friday October 11 - 2013 London Open at 7:00AM GMT or 8:00AM BST (British Summer Time).

2. Just place ONE forecast. example: EURUSD at 1.5920

3. All forecasts must be…

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Added by Daologic on October 7, 2013 at 7:00am — 24 Comments

FX Daily

EUR/USD, Neutral, R 1.3660/70, S 1.3500/3460

USD/JPY, Oversold, R 98.00/70, S 96.90/95.80

GBP/USD, Bearish, R 1.6310/6260, S 1.6100/1.5955

Added by Bagehot Tomas on October 7, 2013 at 6:37am — No Comments

EURGBP - Bullish outside week to lead higher this week

3 weeks of fluctuating price action in EURGBP were followed by a rejection of initial lows and strong buying in the last 5 days. The resulting gains, using a Marabuzo line from January as a platform, created a Bullish Outside Week.

This positive pattern often signals a change in market sentiment and with the daily Keltner channel trending positively now and the 13 day mvg avg exceeded for the first time in a month, we look for demand to continue.

.8532 and towards .8591 are valid…

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Added by Alan Collins on October 7, 2013 at 6:32am — No Comments

Daily Brief for EU Session as on 07-10-2013

 MARKET UPDATE 07.10.13

EUR/USD: Buy Above 1.3560,TP1.3590/3615,SL1.3530,BOS1.3525

GBP/USD: Buy above 1.6040,TP1.6075/6100,SL1.6015,BOS1.6012

GOLD: Buy above 1312, TP1318/23, SL1309,BOS1307

#CL: Sell Below 103.35,TP102.85/55,SL103.50,BOB103.58

USD/JPY: Sell Below 97.15,TP96.85/65SL97.50,BOB97.58

 

 

 

Added by Usman Ali on October 7, 2013 at 6:27am — No Comments

Last week we predicted an end to the 3 month rally in GBPUSD as we approached the 2 year trend line at 1.6225

We gave this trend line a good test as we topped at 1.61260 but then sold off sharply in to the end of the week. This leaves a negative candle on the weekly chart as you can see below, to confirm our expectations of an end to the 3 month rally. Immediate support for the week is at 1.6110/00 & then 1.5920.  …

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Added by Jason Sen on October 7, 2013 at 6:21am — No Comments

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