BBH -"We make 8 points for the week ahead:
1. Larger trends remain in place. The dollar has appreciated against the yen for twelve consecutive weeks, which appears to be the longest streak in the floating exchange rate era. The euro has risen for six months against the dollar, the longest advance in nearly a decade. The six-month advance against the yen is the longest since 1999.
2. The ECB meeting is important. There has been passive tightening of monetary conditions in the… Continue
Added by Francesc Riverola on February 4, 2013 at 3:30pm —
Currently we are at 125.63 and in the middle of a corrective more after topping out @ 127.00 We are looking for the correction to continue to the 0.214 Fibo and the former trend line top. And then look for a bounce to the 128.00 area. The current average daily trading range (ATR) is 189 pips.…
Added by Scott Barkley on February 4, 2013 at 2:04pm —
Short taken @ 125.853, this time I am using Flex price action trading system, based on system rules there was a short opportunity and it was a clear breakout trade.…
Added by Rocky Master on February 4, 2013 at 1:36pm —
Picture the scene… average looking guy, not that confident, attractive or successful. Then we see him in front of his bathroom mirror putting on a ludicrous amount of brand XXX deodorant.
Suddenly his life is transformed… Cut to the most expensive bar in town, packed full of beautiful, exotic single girls (there is never any other men in sight which is puzzling). This man, who last week these girls would have stepped over if he fell in a puddle, is now an…
Added by Brian Kiely on February 4, 2013 at 1:00pm —
BNZ - "We’re embarking on an important week for the NZD/AUD. Tuesday’s RBA meeting, and employment figures for both NZ and Australia on Thursday, will help determine whether the uptrend that exploded into life last week will continue. Continue
Notwithstanding the potential for a brief (and shallow) pullback, we believe the uptrend has got legs. Indeed, we’ve been NZD/AUD bulls for some time. With our March quarter 0.8120 forecast (1.2300 in AUD/NZD terms) more or less…
Added by Francesc Riverola on February 4, 2013 at 11:39am —
Deutsche Bank - "In the coming week, with the RBA, ECB and BOE meeting, policy nuance will no doubt be particularly important. On the ECB, it is very unlikely that recent market inspired tightening is considered desirable. Draghi may well try to temper the back up in term EURIBOR, although the short-term rate market will need to get through the LTRO2 prepayments on February 22nd before stabilizing. Between attempts to undermine the recent upward drift in rates, and even some subtle hints on… Continue
Added by Francesc Riverola on February 4, 2013 at 11:22am —
Danske Bank- "Strategy Summary – Buy at market (1.5285) for an objective of 1.6185. Place stop at 1.0500. Continue
The trend lower off the 8 October 2008 peak at 2.7090 (not shown) reached a low of 1.4550 on 15 February. A wedge type pattern has since developed which, given the heavily over-sold nature of the market, may be part of a broader basing structure. Both the 50 and 100-Week MAs have flattened out, highlighting the diminished momentum,…
Added by Francesc Riverola on February 4, 2013 at 11:09am —
Just like how the Baltimore Ravens edged the San Francisco 49ers to win the Super Bowl XLVII, the US dollar is looked forward to get the better of its trades with the Australian currency today on investor speculations that the Reserve Bank of Australia will issue a surprise rate cut tomorrow. Continue
Assumptions of a surprise rate cut by the Reserve Bank of Australia are putting a damper on the Aussie’s advances. The Australian central bank holds its first policy meeting of the year…
Added by Aviv Shapiro on February 4, 2013 at 11:06am —
UBS - "EURUSD BULLISH Any setback in the near-term should be limited as trend indicators are pointing north. Resistance is at 1.3711 ahead of 1.3833. Support is at 1.3541.
EURCHF BULLISH Resistance is at 1.2469 ahead of 1.2569. Support is at 1.2270.
EURGBP BULLISH The trending/momentum indicators are pointing north. The risk is for a test of the major resistance at 0.8830. Support is at 0.8554."
Added by Francesc Riverola on February 4, 2013 at 11:01am —
Societe Generale - "FX positioning data from the IMM show a little risk fatigue at the end of January, as dollars were bought, CAD and to a lesser extent AUD sold. The speculative community is long the higher-yielding currencies - AUD, MXN, NZD in particular - and it is still building a short yen position. I am struck that the yen short is still not unusually big, while a net Euro long is still small. Finally, I am surprised there is a net long of GBP still. Overall, these figures would all… Continue
Added by Francesc Riverola on February 4, 2013 at 10:48am —
EURNZD has been moving in uptrend channel. Currently being rejected from the top trendline, and giving a strong Sell Signal. Price is right now in sell zone. Expect a strong move and retest of bottom trendline.
Usd/Cad is currently testing some strong support. Outlook on H4… Continue
Added by Sardar Uddin on February 4, 2013 at 10:31am —
FXstreet Network of sites recovered in January 2013 part of the ground lost in Q4 2012 and regained the 10M level lost in November and stayed close from the all-time high of 10,363,000 made in March 2012.
On the positive front, worth to highlight FXstreet's Social Site www.forexstreet.net that reached 400,000 page views for the first time ever, and the great performance of the Mobile… Continue
Added by Francesc Riverola on February 4, 2013 at 10:00am —
EUR/USD is holding steady above the 1.36 line, as market sentiment was positive following Friday’s Eurozone employment and PMI releases. In the US, employment numbers were a disappointment, as Non-Farm Payrolls did not meet the estimate and the unemployment rate moved higher. However, consumer sentiment and manufacturing data looked sharp. The new trading week is off to a slow start, with only… Continue
Added by Yohay Elam on February 4, 2013 at 9:44am —
Wisconsin bank accused of complicity in Cook fraud Continue
by DAN BROWNING , Star Tribune
Associated Bank either helped Trevor Cook defraud investors or simply turned a blind eye, a suit says.
The receiver rounding up assets in what federal prosecutors describe as the worst investment fraud scheme in the history of Minnesota filed a heavily redacted lawsuit Tuesday in…
Added by Francesc Riverola on February 4, 2013 at 9:25am —
EURUSD has extended its gains on Friday but then stopped at 138.2% Fibonacci extension level of wave i) measured from wave ii) low. In fact, pair found resistance after five waves up from 1.3414 so actually corrective retracement should not be a surprise as we expect a pull-back of a red wave iv). With that said, keep in mind that pull-back will be only temporary at may find a base around 1.3550/80 zone.
Only a break beneath 1.3480 would invalidate the wave count and suggests…
Added by Gregor Horvat on February 4, 2013 at 8:53am —
I have presented the expected market moves for this week -04-08 Feb during my Asian session: Live market analysis webinar.
The recording of the same is available in the given below link:
You may use the forecast as a guidance while taking trading… Continue
Added by Dr. Sivaraman on February 4, 2013 at 8:41am —
Added by Tahir Khan on February 4, 2013 at 8:39am —
Added by Carol Harmer on February 4, 2013 at 8:19am —
Added by Naveed Anjum on February 4, 2013 at 8:18am —
Added by Naveed Anjum on February 4, 2013 at 8:18am —