Dollar is trading at an all-time high and closed above 63.00 levels. The strong underlying momentum exhibits that the pair could extend its bull rally targeting new highs during the coming months. Since, the price curve has gone beyond all the peaks and lies in the uncharted area; we may go with the trend to find the next target. The level of accuracy while going with the trend may prevail between…Continue
The Turkish central bank injected 2.5 billion lira ($1.29 billion) into the market in a one-week repo auction on Monday at a fixed simple rate of 4.5 percent.
Below the daily chart during 2013
More to come ??…Continue
Added by Ron Schelling on August 19, 2013 at 11:15am — No Comments
I have presented today 19th august " Asian session: Live market analysis" webinar .The recording of the same is available in the given below video recording:
During the webinar I have presented session wise expected market moves of the 5 days of this week (19-23…Continue
Added by Dr. Sivaraman on August 19, 2013 at 11:08am — No Comments
The strength in the Euro over the last few weeks has surprised many. Euro strength has certainly defied the bears but for how much longer? The euro is currently trading at 1.3340 just 3 cents below its 52 week high against the US dollar. Even as political crises have intensified in Greece, Portugal and Spain, the Euro has edged higher against the US dollar. Economic data in Europe has started to show some green shoots of recovery with powerhouse Germany leading the way but the continent is…Continue
Added by Olimpiu Tuns on August 19, 2013 at 9:57am — No Comments
MTG MARKET UPDATE 19-8.13
EUR/USD: Sell Below 1.3335, TP 1.3300/3275 SL1.3365, BOB1.3380
GBP/USD: Sell Below 1.5635, TP1.5500/5475,SL1.5660,BOB1.5670
GOLD: Buy above 1373T, P1382/90,SL 1367, B0S 1365
Crude Oil: Sell Below 107.50, TP107/106.75, SL107.75BOB 107.85
USDJPY: Buy above 97.60, TP 98/98.25,SL97.30 BOS 97.25
Added by Usman Ali on August 19, 2013 at 8:28am — No Comments
The USD is declining for few weeks now, but volume and momentum are low and slow during the summer trading, so I do not trust this direction much. I suspect that current falling price action on USD index will sooner or later find a support and that USD will recover against the majors, while stocks will find a bottom based on latest positive correlation between equities and the buck. However, markets are not there yet. Something needs to happen, and this week could be a good timing if we…Continue
Added by Gregor Horvat on August 19, 2013 at 8:20am — No Comments
1. Remember to place here you call for GBP/USD price for Friday August 23 - 2013 London Open at 7:00AM GMT or 8:00AM BST (British Summer Time).
2. Just place ONE forecast. example: GBPUSD at 1.5430
3. All forecasts must be…Continue
EURUSD : the EURUSD maintained a bearish momentum on the 4 hour chart, topped at the 1.3362 levels, bottomed at the 1.3314 levels, now pressure will be on the key support 1.3314 levels.
The EURUSD will have to hold below the 1.3314 levels on a 4 hour closing basis to push the market for further downside losses , If seen,It will target the 1.3260 levels, a halt is strongly suggested , but losing this level will turn focus on the 1.3187 levels, losing this level will…
Please put your live calls here with SL and target, if posible. Thanks!
On last Friday EUR was not able to progress above 1.3380 and some of the traders prefered to take their profit. The currency pair reached 1.3310 and closed the day around the support area 1.3320-30. Currently we are still there and as long as the pair trades above 1.3300, the upside is still quite possible. If the price stays above 1.3300 until the american session start , H1 model shows another test of 1.3360-80 is possible. Progress above that will be hard as there is no important news…Continue
The crude oil continued its bullish momentum last week , printed a new support at the 106.54 levels, this scenario is likely to build a pressure on the key resistance 109.30, a break would turn focus on the 110.52, a halt is suggest but a break would have large bullish implication towards the 114.80 levels , further more will aim the 118.00 levels.
On the downside , support comes at 106.54 , a break would confirm short term topping and open the way towards the 105.62 levels, further…
Added by Haitham653 on August 19, 2013 at 5:31am — No Comments
The XAGUSD rose strongly last week as suggested , printed a new support at 20.57 levels and new high at 23.41 levels, however; with the key support 20.57 intact, further rise couldn't be ruled out , next resistance is at 24.60, a break will have large bullish implication towards the 27.61 levels.
On the downside , support is at 22.82 , next support comes at the 21.94 ahead of 20.57 (main) , to reverse risks to the downside , the pair will have to hold…
Added by Haitham653 on August 19, 2013 at 5:28am — No Comments
The GOLD rose last week as suggested , broke above 1347 levels, topped at the 1.379 levels , anyway , with the key support 1315 intact , further rise couldn't be ruled out, next resistance is at 1386 levels, above this level will turn focus on the 1425 levels , further more will aim the 1448 levels.
On the downside , support is at 1347 ahead of 1315 ( main) , below 1315 will flip bias back towards the 1270 levels, further more will aim the 1245 ahead of…
Added by Haitham653 on August 19, 2013 at 5:00am — No Comments