All Blog Posts (20,115)

BTMU - Declining reserves in Asia is EUR negative

Bank of Tokyo-Mitsubishi - "The lack of enthusiasm for the euro, still evident in the COFER data could mean even less demand for the euro from central banks as domestic currencies come under selling pressure versus the dollar. We monitor closely changes in FX reserves amongst Asian central banks, looking at the top 8 reserve holders excluding Japan and China. On that basis reserves hit a record peak during Q1 (January) of just under USD 2.0trn in line with the ADXY index hitting its highest…

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Added by Francesc Riverola on July 3, 2013 at 12:32pm — No Comments

S&P Has Excellent Support at 1594

Added by Carol Harmer on July 3, 2013 at 12:07pm — No Comments

Gold Claws Back Some Of The Decline

Added by Carol Harmer on July 3, 2013 at 12:06pm — No Comments

BofAML - Another Payroll, Another EMFX Selloff?

Bank of America Merrill Lynch - "Investors will closely watch this Friday’s non-farm payroll number in the US, and with good reason: the Federal Reserve said that the pace at which it purchases assets will depend on incoming data. Better employment data will bring forward a tapering in asset purchases. In turn, this may send long-term interest rates in the US even higher, triggering another round of EMFX selloff and outflows. A payroll around consensus – 165k as of today – is probably the…

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Added by Francesc Riverola on July 3, 2013 at 12:03pm — No Comments

4H chart - Possible Bat pattern on CADJPY

Potential Bat on CADJPY:
In case the pair will rally from the support zone, there will be a sell setup on completion of Bat pattern around 97

Added by Tomer Jakov on July 3, 2013 at 11:26am — No Comments

EUR/USD July 3 – Losses Continue After Weak Eurozone PMIs

The euro started the new trading week in promising fashion, but has changed its tune and has posted sharp losses against the US dollar.EUR/USD crashed below the 1.30 line on  Tuesday after the Portuguese finance and foreign ministers resigned. The pair continues to lose ground on Wednesday, as the Italian and Eurozone ServicePMIs fell short of their estimates. However, there was some…

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Added by Yohay Elam on July 3, 2013 at 9:54am — No Comments

EURUSD – Intraday Strategy (03 Jul 2013)

Recommendations: SHORT positions below  1.2985 with 1.2920 & 1.2880 as next targets.

Alternative scenario:The upside breakout of 1.2985 will call for a rebound to 1.3038/1.3077

Description: The pair trades below its resistance  at 1.2985, as long as this level holds,look for further downside losses towards 1.2920/1.2880 levels, an hourly close above 1.2985 would delay the bearish  move and pave the way towards 1.3038/1.3077 but…

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Added by Haitham653 on July 3, 2013 at 9:30am — No Comments

JP Morgan - Commodity currencies: bearish risks intact

JP Morgan - "While the price action over the past week has seen commodity currencies shift into a range against a number of important levels, the overall bearish risks have not been eliminated. Again, this is in line with the bearish shift and violation of critical support levels for both AUD/USD and NZD/USD over the past few weeks. Importantly, USD/CAD appears ready to play catch up given the sharp advance and extension into the medium term range highs over the past two weeks. In line with…

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Added by Francesc Riverola on July 3, 2013 at 9:28am — No Comments

Elliott Wave Intra-day Analysis: Risk-off Moves Are Bearish For USDJPY

Morning traders!

Markets are in risk-off mode for the last two sessions s and supported the USD and JPY. Eurozone service sector PMI disappointed; down to 50.4 in June from 51.3 in May which sent the EURUSD to 1.2920.

Stocks futures moved sharply down in the last few hours so this can be start of an impulsive weakness that will lead to much deeper prices. On the S&P futures we see bearish waves as long as 1608 is in place. At the same time we can also see some bearish…

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Added by Gregor Horvat on July 3, 2013 at 8:50am — No Comments

XAU/USD DAILY as of Wednesday, 03 July, 2013

 A Daily white body has formed (because prices closed higher than they opened).

For the past 10 Daily candlestick bars as of 03/07/2013, there are 4 white candles versus 6 black candles with a net of 2 black candles.

For the past 50 Daily candlestick bars as of 03/07/2013, there are 21 white candles versus 29 black candles with a net of 8 black candles.

A Daily spinning top has formed (a spinning top is a candle with a…

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Added by Martin Kay on July 3, 2013 at 8:27am — No Comments

Euros Have Trendline Support at 1.2965

Added by Carol Harmer on July 3, 2013 at 6:40am — 4 Comments

Context: BarclayHedge RankingsMay2013

Added by 50Pips on July 3, 2013 at 6:30am — No Comments

INTRA DAY TRADES IN FIVE MAJOR INSTRUMENTS 3-07-13

look at today levels

Instrument Trend Recommendation  03-07-2013

 

EUR/USD

Sell below  1.2975,TP1.2940/,SL1.3000 ,BOB1.3003

GBP/USD  

  Sell below 1.5160,TP1.5100 ,SL1.5190 ,BOB1.5203

GOLD  

Buy above1242,TP1253/58,SL1234,BOS1232

USD/JPY

 

Buy above100.50,TP 101,SL100.35 BOS 100.25

CRUDE OIL

Sell below  101.80,TP 101.25,SL 102.03.,BOB 102.20



 

 

 



Important news , US Trade Balance, Unemployment…

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Added by Usman Ali on July 3, 2013 at 6:04am — No Comments

EUR/USD & GOLD forecast 03.07.2013

EUR reversed yesterday as the negative Ichimoku keeped the pressure over the price and it was unable to make any progress above 1.3070 for several times on H4. We are currently near the support 1.2960-40, and breaking below will open the way for testing 1.2850-40. Indicators on all timeframes point to the downside with no signs of recovery, however by the end of Asian session and beginning of the european we may withness some profit taking and pullback to 1.2990, then we have important data…

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Added by Vladimir Mihaylov on July 3, 2013 at 4:30am — 2 Comments

What may happen today (Fundamental impact)

# Fundamental overview at a glance: 

As we know today very important day. There are so many news. 

Check USD INDEX: Its like BOOM.

http://prntscr.com/1d9qs7

TOday news: 

http://prntscr.com/1d9otc



Now we try to overview all news: 

@…

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Added by rajeeb saha on July 3, 2013 at 4:23am — No Comments

Market overview at a glance

Market update at a glance: ( Long term overview)

http://prntscr.com/1d7i20

# EURUSD: according to weekly chart this pair now very near to face huge breakout that can turn this pair towards 1.27 area (FIBO 61.8%). That we will see next few days. This is the long term overview of this pair. I will post short term technical soon.…

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Added by rajeeb saha on July 3, 2013 at 4:13am — No Comments

EUR/SEK

Better economic figures, higher OMX and lower interest difference helped the EUR/SEK.

Short term a better economy, but long term weak growth is expected.

1 month forecast 8.55…

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Added by Ron Schelling on July 2, 2013 at 6:30pm — No Comments

Breaking news: UBS expects to see EUR/USD at 1.2000!



UBS expects to see EUR/USD at 1.2000 !!!

Analysts of UBS bank assume that target of EUR/USD for the end of 2013 is 1.2000 level.



The main reason is interest of global investors to American stock market.



If tendency of inflow in American stocks and bonds will continue then EUR will lose huge positions against USD.



It has to be mentioned that for the current moment currency pair is traded between…

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Added by rajeeb saha on July 2, 2013 at 2:09pm — 1 Comment

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