All Blog Posts (21,239)

BTMU - EURUSD: US dollar downside risks dominate in near-term

BTMU - "EUR/USD – bullish bias – (1.3350-1.3750)

The euro has derived upward momentum against the US dollar from the more dovish outlook for Fed monetary policy. The still exceptionally loose monetary policy stance of the Fed stands in starker contrast now to the gradual tightening in overall monetary conditions in the euro-zone as excess liquidity in the Eurosystem is gradually declining. ECB President Draghi has already strongly signaled that he will not tolerate a material tightening…


Added by Francesc Riverola on September 22, 2013 at 5:20pm — No Comments

M&G Investments - The Fed didn’t taper, what’s next for US monetary policy and bond markets?

Last night the Federal Open Market Committee (FOMC) delivered a massive surprise by not deciding to not taper QE. For us, this isn’t a huge deal. Since May, the market has placed way too much emphasis and concern over tapering and lost focus on the fundamental economic situation that the US has now found itself in – an economy where unemployment has fallen to 7.3% (helped by a falling participation rate) and a central bank that remains dovish due to a declining trend in core inflation. Now…


Added by Francesc Riverola on September 22, 2013 at 5:02pm — No Comments

Are we in QE unlimited ??

Gloom, Boom & Doom Report Editor Marc Faber comments on the Federal Reserve deciding not to taper QE today. He speaks on Bloomberg Television's "Street Smart."

(Source: Bloomberg)

Have a look:

Added by Ron Schelling on September 22, 2013 at 2:30pm — No Comments

USD Index Spot (Not USDX)

The average of 6 major currency pairs against the USD.

Click on the chart for more.

Added by Ron Schelling on September 22, 2013 at 1:38pm — No Comments

EURUSD: Bullish, Climbs Above The 1.3451 Level.

EURUSD: Having taken out the 1.3451 level, there is risk of a return to the 1.3600 level. Further out, resistance resides at the 1.3700 level followed by the 1.3800 level. Its weekly RSI is bullish and pointing higher supporting this view. Conversely, on a reversal of its current upside it could recapture the 1.3451 level. A reversal of roles is likely to occur here and turn it higher. Support lies at the 1.3300 level followed by the 1.3200 level. Below here will aim at the 1.3165 level. All…


Added by fxtech on September 22, 2013 at 11:55am — No Comments

Week ahead

Germany: Ifo business climate (Sep)

In September, the Ifo business climate is expected to rise for the fifth consecutive month, reaching the highest level since April 2012.

A higher reading in the Ifo business climate would add to the view that the recovery in the German

economy will gain momentum in coming months.

The outcome of the German election will have no impact on the data since the overwhelming…


Added by Bagehot Tomas on September 22, 2013 at 10:50am — No Comments

EUR/USD Forecast September 23-27

EUR/USD certainly enjoyed the surprising NO Taper decision by the US Fed, and jumped to a much higher range. Can the momentum continue as the focus shifts back to Europe? German Federal Elections, Flash PMIs and Draghi‘s speech are the main events this week. Here is an outlook on the market-movers ahead and an updated technical analysis for EUR/USD.

Ben Bernanke and his colleagues surprised…


Added by Yohay Elam on September 22, 2013 at 7:42am — No Comments

Contemplating a short on XAUUSD

1) I look at this weekly chart and realize that the pair has been in a downtrend for a year. I draw a fib from the high to low and see that a retracement occurred to 38.2% and the downtrend has resumed again.

2) Next I look at the daily chart. I can see more clearly that the retracement was…


Added by Oasis on September 21, 2013 at 1:10pm — 6 Comments

Week ahead - Calm after the storm?

Today we get to hear from FOMC members Bullard, Kochelakota, Tarullo and Esther George. 

Based on recent speeches, Bullard probably reiterates the importance of asset purchases as a signal of commitment to accommodation.

Further, he views tapering, lower growth forecasts, and lower inflation expectations as signaling a more hawkish reaction function.

Further, he could highlight, similar to Bernanke, that they want to step back at the right moment, and that…


Added by Hedgeson on September 20, 2013 at 1:27pm — No Comments

#Nymex #WTI tests important trend line support at 105.60

Added by Jason Sen on September 20, 2013 at 1:24pm — No Comments

Federal Reserve Is the greatest hedge fund in history

Billionaire investor Warren Buffett compared the U.S. Federal Reserve  to a hedge fund because of the central bank’s ability to profit from bond purchases while accumulating a balance sheet of more than $3 trillion.

For more click on the Dollar printing machine !



Added by Ron Schelling on September 20, 2013 at 1:00pm — No Comments

$EURAUD- Wedge Break?

Currently we are at 1.4374 after the break north of the wedge.  We are looking for a bullish continuation to the R4 area @ 1.4426 The average daily true range (ATR) for the pair currently is 138 pips.…


Added by Scott Barkley on September 20, 2013 at 12:59pm — No Comments

EURUSD: Targets Further Upside.

EURUSD: With EUR maintaining firmly above the 1.3451 level, more strength is likely. This development leaves the pair targeting the 1.3600 level. Further out, resistance comes in at the 1.3550 level followed by the 1.3650 level and possibly higher towards the 1.3700 level. Its daily RSI is bullish and pointing higher supporting this view. Conversely, on a price failure it will target the 1.3456 level followed by the 1.3321 level where a breach will target the 1.3250 level. Further down,…


Added by fxtech on September 20, 2013 at 12:50pm — No Comments

Is Kiwi Overdone!

NZDUSD has recovered 78.6% of its losses from April-June 2013 High-Low range. The pair has benefited from recent institutional inflow against its major counterparts such as EUR, GBP high-betas. The post-FOMC surge higher seems to be overdone but likely to sustain within weekly price range. As the Buy Climax…


Added by fx-Syndicate on September 20, 2013 at 12:30pm — No Comments

EUR/USD September 20 – Steady After Recent Gains

EUR/USD is steady in Friday trading, taking a breather after Wednesday’s huge gains, as the Federal Reserve did not take any action regarding QE. The pair is trading in the mid-1.35 range in the European session. In economic news, the US posted strong data on Thursday, highlighted by a solid Unemployment Claims release. However, this was not enough to bolster the beleaguered US dollar. Friday has just one economic…


Added by Yohay Elam on September 20, 2013 at 9:14am — No Comments

EURUSD– Intraday Strategy (20 Sept 2013)

Recommendations: LONG positions above 1.3508 with 1.3570 & 1.3620 as next targets.

Alternative scenario:The downside breakout of 1.3508 will call for a slide to 1.3451/415 .

Description: The pair trades above  its support 1.3508, stability above  this level will build a  pressure on the 1.3570/620 levels,break of 1.3620 will advance the pair towards the 1.3711 levels, further upside will aim the 1.3785 levels.On the downside ,…


Added by Haitham653 on September 20, 2013 at 8:29am — 6 Comments

GBPUSD - Possible Correction ,Support at 1.6021 !

The GBPUSD maintained some bearish momentum yesterday , topped at the 1.6162 levels, bottomed at the 1.6021 levels, now pressure will be on the 1.6021 levels.

The GBPUSD will have to hold below the 1.6021 levels on a daily closing basis to push the market for further downside losses ,If seen , It will target the 1.5716/1.5750 levels, a halt is suggested , but a breach will turn focus on the 1.5552 levels, further downside will aim the 1.5422 levels.

Alternatively, a failure…


Added by Haitham653 on September 20, 2013 at 7:56am — 2 Comments

EURUSD Forming Correction Within Uptrend-Elliott Wave Analysis

EURUSD broke to the upside in this week and closed above 1.3500 figure on a daily basis which suggests more upside in days ahead. The reason for this outlook is a sharp rally from 1.3320 low which appears to be a third leg within a third based on the personality of the move. Recently a third leg has stopped in 1.3520-1.3585 resistance area so we suspect that contra-trend movement is wave iv) that could look for completion around 1.3480 figure. Keep in mind that larger trend is up and that…


Added by Gregor Horvat on September 20, 2013 at 7:28am — No Comments

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