Brown Brothers Harriman - "In the first part of next week, ahead of the FOMC meeting, we expect a generally firmer dollar. It seems to be a much more forgivable to be long dollars ahead of the decision that has been awaited for a third of the year than to be short dollars. That said, we suspect the dollar may weaken after the FOMC decision. The Fed is more likely to do less rather than more relative to market expectations.
That sell-off can extend into the end of the week. However, we…
Last week, we spotted a potential opportunity to sell CADCHF on the daily timeframe and informed our clients on our forex training courses. It gave us an opportunity with good reward potential and a confluence of reasons in supporting a potential downward based on the bearish pin bar reversal of the 6th September.
However, despite being triggered into the trade, its state of indecision over the course of last…Continue
Added by The Lazy Trader on September 16, 2013 at 7:29am — No Comments
FED : Lawrence Summers has taken himself out of the running to be the next chair of the Federal Reserve after a bloc of key Democratic senators indicated they would oppose his nomination.
This week’s main highlight is the FOMC meeting on Wednesday. Expect the FOMC to announce its intention to reduce its bond purchases, albeit by a small amount (by about USD 10bn), and to sound dovish on interest rates.
Added by Bagehot Tomas on September 16, 2013 at 6:54am — No Comments
Please check the today analysis.BOB mean break out buy and BOS mean breakout sell.Du to GAAP opening market may fulfill this GAAP, So look at today plan.
GOLD: Sell1327, TP1317/12,SL1333,BOB1335
#CL: Sell 107.35,TP106.85/50,SL107.75,BOB107.85
Draghi Speaks 1 pm,…
Added by Carol Harmer on September 16, 2013 at 6:35am — No Comments
1- Those levels are strong support and resistance levels on short term , the market usually respects those levels strongly.
2- If the market rallies into resistance levels , a sell-off is expected.
3- If the market sells-off into support levels, a rally up is expected.
4-I highly recommend using divergences techniques, to find possible turning point during the week!
5- The recommended time frame , the 1 hour and below.
6- In trending…
Added by Haitham653 on September 16, 2013 at 4:22am — No Comments
Now we may learn that the slow rise on Friday is not the weakness of EURO and GBP....the players slowly gained levels and accumulated all the sells from the nervous traders.
Now they are used some excuse and made upward gap opening and further rise to surprise the traders.
What is expected from now on?
I will be giving the forecast for this week 16-20 september during my "Asian session Live market analysis " webinar today (16th Sep)…Continue
Added by Dr. Sivaraman on September 16, 2013 at 2:50am — No Comments
The XAUUSD maintained bearish momentum last week , topped at the 1393 levels, and bottomed at the 1.304 levels, now pressure will be on the key support 1.304.
The XAUUSD will have to hold below the 1.304 levels on a weekly closing basis to push the market for further downside losses,If seen,It will target the 1180 levels , a halt is suggested, but losing this level will open the way towards the 1122 levels, further downside will aim the 1024…
The AUDUSD maintained some bullish momentum last week , topped at the 0.9353 levels, closed at the 0.9244 levels. On the upside , resistance comes at the 0.9317 levels, a weekly close above the 0.9317 levels is needed to confirm bottoming at the 0.8847 levels,If seen the pair would target the 0.9666 levels, a breach will turn focus on the 0.9960 levels, further upside will aim the 1.0310 levels.
On the downside, support comes at the 0.9068 levels ahead of the 0.8847 levels (main) ,…
Added by Haitham653 on September 16, 2013 at 1:08am — No Comments
When I saw this article I knew something was up.... http://www.cnbc.com/id/101034622
But anyway, no amount of analysis can fight real events....I'll be sitting back watching how this plays out for now.
For the record I won't be bullish until we close strongly over the light blue trend line but what is funny to me is I went long late Friday with a tight stop and got stopped out as I was expecting a move higher…Continue
Added by Futuristic on September 15, 2013 at 11:07pm — No Comments
The NZDCHF at the close of last weeks trading formed a bearish pinbar candle on the daily chart. This pinbar is significant because it occurred at a key resistance level of 0.76**. Giving that the weekly chart remains slightly bearish and the pinbar formation on that daily chart a valid one, price is expected to fall towards the dynamic support zone as illustrated in the chart. Traders are advised to take a bearish position on this pair…Continue
Added by Henry nnalue on September 15, 2013 at 10:05pm — No Comments
Last week I posted a chart on Daologic's Live Calls blog showing why a GBPCHF short was a good trade. A few hours later the same trade idea appeared as a blog by Henry Nnalue. I was irked but kept quiet about it.
Now I see the same thing happening with my NZDCHF blog that I posted sometime on Saturday.
I therefore request Henry to post trades that have not already been posted by others.
GBP/USD had a banner week, gaining over two cents. The pair closed the week at 1.5871. There are 10 events this week, including a host of inflation releases, highlighted by CPI. Here is an outlook of the events and an updated technical analysis for GBP/USD.
The pound received a strong boost from Claimant Count Change, which hit a multi-year low. As well, US…Continue
Added by Yohay Elam on September 15, 2013 at 4:33pm — No Comments
GBP/USD Daily chart..... Bearish three drive pattren+ Bearish Butterfly Pattren on daily Chart Perfect 1.5904 and 1.6000(78.60% fibo) level for sell let see this level hold this week or not if hold we can sell with 1.5750 (61.8% fibo)and 1.5576(50.00% fibo) target…Continue
Added by Abdul Rehman on September 15, 2013 at 1:30pm — No Comments
The USDJPY continued its consolidation phase last week, the 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, a weekly close back below the 99.27 levels , will confirm rejection from the 101.52 levels, If…
Added by Haitham653 on September 15, 2013 at 7:17am — No Comments
The GBPUSD maintained a strong bullish momentum last week , broke above the key resistance 1.5844 ,and topped at the 1.5884 levels, the weekly close above the 1.5884 levels is likely to open the 1.6150 levels, a breach will turn focus on the 1.6380 levels, further upside will aim the 1.6440 level where halt is suggested , but sustained break above the 1.6440 levels will have large bullish implication towards the 1.7500/1.8300 levels.
On the downside, a weekly close back below the…
Added by Haitham653 on September 15, 2013 at 6:28am — No Comments