All Blog Posts (19,685)

Rabobank - Downside potential for EUR/USD near-term limited?

Rabobank - "The weakness of growth in the Eurozone is likely to be highlighted by next week’s round of April PMI data. Insofar as this is set to stir speculation that the ECB could cut interest rates in the coming months, the EUR is likely to be on the back foot. That said, US data has recently disappointed. Yesterday’s releases of Philly Fed and leading indicators were plainly subdued. These follow weak March retail sales and payroll data releases earlier in the month. As a consequence of…

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Added by Francesc Riverola on April 19, 2013 at 11:11am — No Comments

EUR/USD – Little Movement as Euro numbers Mixed, G-20 Awaited

After taking the markets for a wild ride mid-week,EUR/USD has settled down, and was trading in the high-1.30 range in the European session. German inflation numbers disappointed, but the Eurozone Current Account was outstanding. In the US, the grim news continues, as Unemployment Claims and the Philly Fed Manufacturing Index missed their estimates. There are no economic releases out of the US on…

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Added by Yohay Elam on April 19, 2013 at 9:53am — No Comments

EURUSD short-term trading

Good morning traders,

Yesterday's price action on EURUSD went in a tight range of ascending channel. In general, I expect from Friday several attempts to post new local hights (1.309-1.312) with possible strong decline after its rejection.

Today I started with opening buy position from 65 (during the test of marked red line on the chart below) and closed this trade recently at 92, as resistance line (on the 2nd chart) was touched.

The price has moved just 1 pip higher…

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Added by Rao Khassan on April 19, 2013 at 9:07am — 8 Comments

NBF - U.S.: Destocking in Q2?

National Bank Financial - "Some clouds are gathering over the U.S. economy. Yesterday’s Fed Beige book confirmed that several districts reported weakness in defense-related sectors, with furloughs, layoffs, and even plant closures in anticipation of the sequester. The concern, of course, is that such layoffs and moderation in production could spill over to the rest of the economy. The Philadelphia Fed’s indices of manufacturing activity added to those concerns this morning. True, the…

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Added by Francesc Riverola on April 19, 2013 at 8:01am — No Comments

UBS - EURJPY BULLISH A break above 129.74 would open 132.05 ahead of 134.38

UBS - "EURCHF NEUTRAL Resistance is at 1.2213. Strong support is at 1.2120.

EURGBP BULLISH The cross came under pressure from resistance at 0.8648. A closing break above would be positive, opening 0.8747. Support is at 0.8490 ahead of 0.8436.

EURJPY BULLISH Initial resistance is at 129.74, a break above would open 132.05 ahead of 134.38. Support is at 126.44 ahead of 124.94.

EURUSD NEUTRAL Support is at 1.2974 ahead of 1.2920. Resistance is at 1.3126 ahead of the more critical…

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Added by Francesc Riverola on April 19, 2013 at 7:47am — No Comments

Westpac - AUD/USD to test 1.0150 in coming weeks?

Westpac - "Gold’s “flash crash” accounted for much of the recent AUD/USD reversal and shouldn’t be repeated. However weakness in base metals prices and growing market pricing for RBA easing in Q2 should see the pair test 1.0150 in coming weeks. The outlook brightens from mid-year though as BoJ QE should dovetail with the Fed’s to push AUD/USD back towards this year’s highs around 1.06.

(...) Shorter term, support looks to lie around 1.0260 then 1.0225, the 76.4% retracement of the 1.0115…

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Added by Francesc Riverola on April 19, 2013 at 7:40am — No Comments

Eur/Jpy Marches On

Added by Carol Harmer on April 19, 2013 at 7:33am — No Comments

Aud/Jpy, 19th April

Yen pairs remained sideways as they tested near by support and resistance and kept within range. Current price action is at strong support in most pairs, expect JPYs pairs to mostly stay in range with bias towards weak Yen. 

Our outlook for Aud/Jpy is Long & A look at the detailed technical…

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Added by Sardar Uddin on April 19, 2013 at 6:26am — No Comments

Euro Looks To Be Under Pressure Once More

Added by Carol Harmer on April 19, 2013 at 5:29am — No Comments

April 19th - EURUSD - Sardar Uddin

USD pairs were most sideways as price action remain within a range. After some strong moves earlier in the week , market seem to have lost the momentum. Considering current price action expect more of sideways move giving opportunity for both buys and sells.

Outlook – USD  Neutral to Strong…

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Added by Sardar Uddin on April 19, 2013 at 5:00am — No Comments

EUR/USD & GOLD forecast 19.04.2013

EUR has been stopped at the resistance 1.3075-85, currently consolidation continues only a break above 1.3100 may increase the upside pressure to test 1.3140 again if that is broken too we may extend to 1.3180-1.3200. Fail at the top or lower will lead to reverse to the south with first target 1.3000 and then 1.2970. Daily MA200 passes through 1.2920 and will be a target if 1.2970 fails to hold the downside. We have a thick Daily negative Ichimoku at 1.3120 so it is very likely to have a…

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Added by Vladimir Mihaylov on April 19, 2013 at 4:42am — 4 Comments

Euro Intraday 19/04/2013

Hello guys,

I want to post better ideas and surely to take advice from experienced traders. We shall keep humble before to enter a new setup on markets because the most of things we think always doesn't happen but yes how the markets behaves.

About the euro crosses , i am continuing watching out very closely.

Euro is refusing to down despite of political uncertainties. So, this means that the trend is up. And i am waiting to reach 1,3130 level in…

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Added by Igor Titara on April 19, 2013 at 2:06am — 2 Comments

USD/JPY DAILY as of Friday, 19 April, 2013

USD/JPY formed a daily white body yesterday. For the past 10 Daily candlestick bars, there are 6 white candles with 4 black candles, a net of 2 white candles.

For the past 50 Daily candlestick bars, there are 23 white candles with 27 black candles, a net of 4 black candles.

A Daily spinning top has formed (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action…

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Added by Martin Kay on April 19, 2013 at 2:00am — 1 Comment

USD/JPY DAILY as of Friday, 19 April, 2013

USD/JPY formed a daily white body yesterday. For the past 10 Daily candlestick bars, there are 6 white candles with 4 black candles, a net of 2 white candles.

For the past 50 Daily candlestick bars, there are 23 white candles with 27 black candles, a net of 4 black candles.

A Daily spinning top has formed (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action…

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Added by Martin Kay on April 19, 2013 at 1:59am — No Comments

Some wise word ,,who fit the EUR /USD market today :-)

Some wise word ,,who fit the eur /USd market today :-)

 Preparation is key and that is something I will expand on much more in future blogging. But what is one of the most important skills that every new, intermediate, and experienced trader needs to do to be consistent is to be as flexible and adaptive both mentally and skillfully as possible.

There is a quote that I read many years ago that has stuck with me and always pops into my head when I get asked these…

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Added by pandora on April 18, 2013 at 3:21pm — 1 Comment

BTMU - EUR/USD to remain stable in near-term although some upside risks beyond

Bank of Tokyo-Mitsubishi - "The euro is little changed against the US dollar during 2013 providing an anchor of stability. In contrast the other major currencies of the yen and pound have both declined sharply against the US dollar by around 6.0% and 12.0% respectively. EUR/USD has been fluctuating around the 1.3000-level since the start of 2012. The pair briefly attempted and failed to break higher in early February overshooting short-term fundamentals when rising above 1.3500 driven by…

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Added by Francesc Riverola on April 18, 2013 at 2:56pm — No Comments

Are You a Beginner in Forex Trading? Want to Learn? This is What You Should Do To Succeed!

Hi everyone

This week I have been approached by a few fellow members that were looking for advise to get started with Forex trading. This is what I told them they should do to really get started with the right foot and to try to become a succesful Forex trader:

(all resources offered here by FXstreet.com are free)

If you were a real REAL beginner, so you know nothing about FX, then please watch these ABC videos…

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Added by Francesc Riverola on April 18, 2013 at 2:00pm — 11 Comments

$GBPUSD- bounce?

Currently we are at 1.5280  after bouncing on the trend wall.  We are looking for a continuation to the double top resistance @ 1.5416 with a stall @ the 1.5341. We are bullish.    The current average daily trading range (ATR) is 99 pips.…

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Added by Scott Barkley on April 18, 2013 at 1:30pm — No Comments

EU

EU mar 24/25 top was 1.3050 and since Apr 11 support down here with latest bounce up to 1.32 - yesterdays drop I read as sellers are done this time around but they will come back next month.

Added by Christian Kirkemo on April 18, 2013 at 11:05am — No Comments

Short term buy position on EURUSD, 18.April

Hello traders,

This morning I expect opportunity for an elegant move on EURUSD. In Peter's thread I started covering my buy positions on EURUSD from 40s area, but the last move is interesting as an independent trade.…

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Added by Rao Khassan on April 18, 2013 at 10:11am — 4 Comments

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