Follow Till: 1489.96
Added by Usman Pervez on May 10, 2013 at 10:25am — No Comments
Royal Bank of Scotland - "As a Top Theme and Trade for 2013 we recommended establishing a short GBP/USD position. We hit our initial 1.5050 within three months. We eventually closed the position on 11th April after spot retraced to hit our revised take-profit stop of 1.5390. The relatively poor structural position of the UK, particularly against the US has remained unchanged and hence the strategy remains compelling. We now believe that short-term risk/reward has once again shifted in favour…Continue
Added by Francesc Riverola on May 10, 2013 at 9:19am — No Comments
After scrapping 11 million page views level in March (10.9), an overall growth of 1% of FXstreet's websites took the whole network to break the 11M level for the first time ever.
On the negative front, we still must highlight FXstreet's Social Site Forexstreet.net.The site has not recovered from the big spam attack it suffered last February that lead Google to remove the site from…
Bank of Tokyo-Mitsubishi - "The euro continues to remain relatively stable in the near-term with EUR/USD lacking direction. We do not expect that dynamic to change in the week ahead with no clear fresh catalyst on the horizon. The euro appears well supported against the US dollar above the 1.30-level where its 200-day moving average is located. Even ECB President Draghi’s signal that the ECB is open to lowering its deposit rate into negative territory has had only a limited negative impact…Continue
Added by Francesc Riverola on May 10, 2013 at 8:29am — No Comments
After see saw battler for last few days USD showed some strength Thursday and did gained over GBP/USD. Expect USD to keep the momentum as week winds up.
For Intraday Trader BUY USD at dips
Outlook - GBP/USD Short…
Added by Sardar Uddin on May 10, 2013 at 7:19am — No Comments
Added by Carol Harmer on May 10, 2013 at 7:15am — No Comments
UBS - "The overnight break above the psychological 100 level is likely to pave the way for further upside too. The break was accompanied by broad-based dollar strength which chimes with our more general stronger dollar view for 2013.
With events unfolding in favour of further yen weakness, we take this opportunity to raise our 1m and 3m USDJPY forecasts to 102 and 105 respectively (previously both stood at 95.00). Our end-2013 forecast remains at 110.
(...) The dollar has chalked up…
Added by Francesc Riverola on May 10, 2013 at 7:08am — No Comments
The GBPUSD has been consolidating for almost 2 weeks below the key resistance 1.5630, note that as long as 1.5803/1.5630 levels hold on a daily closing basis , the risk to return to 1.4830 level will remain valid and strong ,a daily close below 1.5457 will pave the way towards 1.5284 levels, but in return, stability above 1.5803 on a daily closing basis is likely to have large bullish implication, If seen, sooner or later the pair would target 1.6300 levels...
Support levels : 1.5457,…Continue
In this blog I'll be posting trend forecast for the most important currencies , hope it would help you filter your trades .
4 H : Down
4 H : Down
4 H :…Continue
Sweden and the Euro: Logos-driven People vs. Pathos-driven Establishment.
In 2003, Sweden held a referendum on the issue of joining the EMU. The Swedish elite on both the left and the right virtually uniformly supported joining.
Added by Ron Schelling on May 9, 2013 at 6:30pm — No Comments
I just started trading through Belforfx. They recommended this broker to me, but I dont know what is te best option for me, an amateur. This broker offers a social trading network, a auto trading system, and all the tools to trade in teh market. Im planning to open a Demo account to try on how does it go. Any advice for an amateur like me? Thanks you all!
Currently we are at 83.61. We are looking for a break above the R3 @ 83.71 and then a continuation up to the R4 resistance @ 84.60. The current average daily trading range (ATR) is 139 pips.…Continue
Added by Scott Barkley on May 9, 2013 at 12:49pm — No Comments
There's a quick buy signal for short-term trading on EURUSD. The pair currently tests support line for the 3rd time. I try long positions from 1.3125, sl below 1.3117.…Continue
There was only one Eurozone release on Wednesday, but EUR/USD took full advantage of a sharp German Industrial Production reading, which hit a ten-month high. The euro responded by gaining close to a cent, and was trading in the mid-1.31 in Thursday’s European session. The markets are closed in Germany and France for a holiday, and the lone Eurozone release is the ECB Monthly Report. It’s been a…Continue
Added by Yohay Elam on May 9, 2013 at 9:37am — No Comments
After Corrective move USD/JPY showed signs of Bullish move on Wednesdays keeping the Bullish momentum alive for USD/JPY . With Current price action expect JPY pairs to test recent highs but will need higher momentum to break through.
For Intraday Traders, go long on dips with TPs at previous highs.
Outlook - USDJPY Long…Continue
Added by Sardar Uddin on May 9, 2013 at 8:04am — No Comments