Rabobank - "Central bankers and US payrolls data appeared to leave the outlook for EUR/USD and GBP/USD cut and dried last week. Both the ECB and BoE were dovish while the better headline numbers within the US labour report has encouraged speculation of tapering of QE from the Fed as soon as September. Although there is little US data scheduled this week, investors will have the benefit of the minutes of the June FOMC meeting in addition to a speech from Fed President Bernanke later in the…Continue
Added by Francesc Riverola on July 8, 2013 at 11:04am — No Comments
Still fixing many bugs... Many of you still facing problems to navigate the site, but I am delighted with the changes made.... The site is now more organized, better structured and if you allow me to say it, more POWERFUL! :)
Do not miss the new Technical page :)
Added by Francesc Riverola on July 8, 2013 at 10:24am — No Comments
EUR/USD had a rough week and finds itself in the low-1.28 range in Monday’s European session. The euro lost ground on Thursday after Mario Draghi’s dovish remarks, and dropped further on Friday after strong US employment data. In economic releases, Monday didn’t start out well as German Trade Balance dropped to a thirteen-month low, and Eurozone Sentix Investor…Continue
Added by Yohay Elam on July 8, 2013 at 10:18am — No Comments
TD Securities - "EMFX performance has been ugly this year. In some cases atrocious. Only two currencies managed to appreciate to the dollar; the Chinese renminbi and the Mexican peso. But even the peso eventually faltered during the ‘great unwind.’ Looking forward, the FX outlook looks more complicated than ever, but will feature, we think, more weakness and plenty of volatility.
For as much as the May-June correction may have appeared brutal, things can get worse for EMFX particularly…
Added by Francesc Riverola on July 8, 2013 at 9:27am — No Comments
BMO Capital Markets - "Two weeks ago we highlighted the bearish weekly reversal formation coupled with a sell signal on the daily stochastic and MACD which suggested continued downside risks in the days and weeks ahead with the move looking like it should target 1-year old support line at 1.2866. We hit that line at 1.2916 on July 4th and extended to an intra week low so far of 1.2883. We also said attention should be paid to the complex head and shoulder formation – highlighted here…Continue
Added by Francesc Riverola on July 8, 2013 at 8:49am — No Comments
UBS - "USDJPY BULLISH The pair extended its strength this morning and the potential is for the test of key resistance at 103.74. Support is at 99.26.
GBPUSD BEARISH Sharp fall seen on Friday is trading just above the key support 1.4832. A closing break below this would be negative. Resistance is at 1.5080.
USDCHF BULLISH Friday the pair closed above the resistance at 0.9568. This was positive opening 0.9839. Support is at 0.9560.
EURUSD BEARISH With the bear trend intact focus is…
Added by Francesc Riverola on July 8, 2013 at 8:42am — No Comments
Added by Carol Harmer on July 8, 2013 at 6:28am — No Comments
mr.Draghi's comments and NFP release on Friday didn't leave the EUR many chances for recovery. Please take a look on Weekly , you can see there clearly this is the thrid bottom at 1.2805 after the middle of March, then middle of May and now we are close to the middle of July. So we have a repeating pattern every two months with 1.2805 bottom. Breaking below is not impossible, but will be too risky. Looking at the Monthly there is something like a small H&S and we are currently building…Continue
I will be presenting " Asian session; live market analysis" webinar today 08 July between 05:00-05:30 GMT explaining the expected market moves in this week and also the range in which the majors and commodity pairs could trade.This may help you to take appropriate trading decision.
The link to register for the webinar is given below:…Continue
GOLD: With its downside pressure remaining intact, further decline is envisaged in the new week. Support comes in at the 1,180.22 level. A violation of here will turn attention to the 1,150 level. Further down, support lies at the 1,100 level. Its weekly RSI is bearish and pointing lower supporting this view. On the upside, GOLD will have to return above the 1,269.00 level and then the 1,321/38 levels to reduce its present downside pressure. Further out, resistance is seen at the 1,370.00…Continue
Added by fxtech on July 7, 2013 at 7:52pm — No Comments
We have entered into a new week with lot of clarity after BOE and ECB providing market a clear direction that it wants to maintain and carry on with easy policy stance. The language of 2-Central Banks may differ, but the message is identical that they want easing for a longer period of time, growth and creation of job topping the list.
In UK, the unemployment condition is comparatively…Continue
Added by asad rizvi on July 7, 2013 at 7:08pm — No Comments
Brown Brothers Harriman - "The euro has taken out the trend line objective we have been highlighting that came in near $1.2850. That area, and perhaps extending toward $1.2900 may offer fresh selling opportunities on corrective upticks. Our next target is the $1.2680-$1.2750 area. The euro-dollar exchange rate continues to track the US-German 2-year rate differential. That spread has widened sharply from about 8 bp on June 20 to nearly 29 bp before the weekend, a new high for the year.…Continue
Added by Francesc Riverola on July 7, 2013 at 6:09pm — No Comments
UBS - "The dollar is entering a perfect storm that should see the currency rallying this year to 1.20, 110, 1.41 and 1.03 against the euro, yen, pound and Swiss franc respectively.
First, June's payrolls shows the Federal Reserve is on track to start tapering its asset purchases from the September 17-18 Open Market Committee meeting. Second, the European Central Bank in contrast announced an important dovish shift in policy, signalling interest rates would remain at present levels or…
Added by Francesc Riverola on July 7, 2013 at 5:52pm — No Comments
Added by Ron Schelling on July 7, 2013 at 4:09pm — No Comments
Exclusive Market Update At A Glance:
Due to lack of time,, I just provide chart and analysis hope you will understand the deep meaning.
Success is a journy not a destination. So forget about yoru previous loss,, frustartion, ...... now start journey with new motivation. :)
I belief that every analysis will work.. Because my chart talk with me.. LOL
EURUSD: Downtrend market (…
Added by rajeeb saha on July 7, 2013 at 3:36pm — No Comments
EURUSD: With a sharp sell off occurring the past week, further downside is likely. This leaves the pair targeting the 1.2750 level with a turn below here shifting attention to the 1.2700 level and then the 1.2600 level. Its weekly RSI is bearish and pointing lower supporting this view. On the other hand, the pair will have to return above the 1.3000 level to halt its present weakness. This could force further upside towards the 1.3100 level and then the 1.3200 level. All in all, EUR…Continue
This is my prediction for monday, July 8.
Ej still in up trend , can go to 130.20 then if across can touch 130.65 next then down again, 128.80 still is a good S until now,
Eu up again but slowly, can range 1.2830 -1.2930, if have enought power, it can go to 1.3040 next few days if 1.2930 break,
UJ 99.89 and 89.45 is two big S.
Au can down to 0.9020 then up again 0.9170 and 0.9180, two big R
GU can down to 1.4840 then up again 1.5090.
UCA can down to 1.0514 then…
EUR/USD had another week of falls, due to a dovish turn in the euro-zone and more reasons for hawkishness in the US. Eurogroup meetings, industrial production figures are the main market-movers this week. Here is an outlook on the main events ahead and an updated technical analysis for EUR/USD, now at lower ground.
At the Press conference following the ECB rate decision, President Mario…Continue
Added by Yohay Elam on July 7, 2013 at 8:36am — No Comments