Royal Bank of Scotland - "Cyprus has further delayed the reopening of its banks until Thursday and is planning capital controls, anticipating capital flight. It has further reduced the daily limit on ATM withdrawals to EUR100. The Cyprus economy is likely to rapidly deteriorate and require a further bailout at some point. Eyes should be opening to see the declining appetite across Europe for bailouts.
Banks across Europe will fear recent events in Cyprus and further retrench their…
Added by Francesc Riverola on March 26, 2013 at 9:22am — No Comments
UBS - "USDCHF BULLISH The pair bounced sharply yesterday after testing important support at 0.9359. While this holds on closing basis, there is scope for a move higher to 0.9567.
AUDUSD BULLISH With the trending and momentum indicators pointing north, setbacks will be limited. There is no major resistance until 1.0599. Support is at 1.0333.
USDCAD BULLISH While support at 1.0181 holds, there is scope for resumption of upside. Resistance is at 1.0285 ahead of 1.0342."
Added by Francesc Riverola on March 26, 2013 at 9:12am — No Comments
EUR/USD is settling down in a low range, after making a convincing break of support. The deal that was announced in Cyprus left many uncertainties, and an ill timed comment by the head of the Eurogroup also put a lot of pressure on the common currency. Banks in Cyprus remain closed as officials try to sort out the details of the bank haircut. The focus will shift to the US for some time, as a wide…Continue
Added by Yohay Elam on March 26, 2013 at 9:06am — No Comments
Cyprus final bailout agreement is worse for the FX brokers by Gerald Segal at Leaprate
Unlike the original proposal, uninsured depositors will likely lose around 40% (not 10%) at Cyprus' two largest banks.
The new (and seemingly final) Cyprus bailout agreed to Sunday night by senior Cyprus government…Continue
Added by Francesc Riverola on March 26, 2013 at 9:02am — No Comments
Gold failed at come significant resistance at 1608. This makes the market look a little bit more under pressure...and we see this coming lower and below 1595 we have 1587/85 as the targeted area.
Above 1608 we re-think shorts and look for 1619/20
Added by Carol Harmer on March 26, 2013 at 9:01am — No Comments
There are a few reason to sell AussieUsd today. We have a double top on the 60 min charts at 1.0482, and we also have the 76.4 med term Fib level here as well....So this is quite a low risk trade....we should have resistance at 1.0525 and again at the top of the channel at 10545..so outside risk if 1.0545.
Our downside target is 1.0395...There are reasons for this....the 200 and 55 day M/A comes in at 1.0365
Recommendations: SHORT positions below 1.2940 with 1.2840 & 1.2765 as next targets.
Alternative scenario: The upside breakout of 1.2940 will call for a rebound to 1.2995/1.3040.
Description: The pair trades below its resistance at 1.2940, below this level look for further downside loses towards 1.2840/1.2765 levels, a break above 1.2940 - an hourly close is better - will reverse risks to the upside…
EUR has reversed yesterday and a huge drop followed the reverse on fears of possible Cyprus leaving the eurozone. Recovery is less possible from now on, because we have a daily close below MA200 and after some normal pullback downside will continue with next targets 1.2740 and 1.2680. Level 1.2750 is very important because there s the border of the upside recovery from 1.2040, breaking below combined with negative tendency in eurozone will open the way to 1.2040 again. Dark clouds over the…Continue
Added by Vladimir Mihaylov on March 26, 2013 at 5:30am — No Comments
Added by Carol Harmer on March 26, 2013 at 5:21am — No Comments
Today will be very choppy trading sections (like always...)
I am focused on e/j and e/u and i am noticing that euro is weakening further and further again.
Some useful breaking news you should read:
Mar 26 10:10 Italy Eur 8.5bn new 6M (Sep 2013) BOT
Mar 26 10:30 UK Gbp 1.0bn 5% Mar 2025 Gilt mini tender
Mar 26 17:00 US Usd 35bn 2Y Notes
Probably we shall wait for 100 pips retracement on euro/usd and…Continue
Added by Igor Titara on March 26, 2013 at 5:00am — No Comments
On Monday USD made Gains against EUR ,GBP and CHF and Weakened against AUD, NZD and CAD providing an overall mix sentiment about USD strength. This may continue today as USD pairs seem out of Sync
Outlook – Mixed Sentiments…Continue
Added by Sardar Uddin on March 26, 2013 at 4:30am — No Comments
Small Scalp .... Waves looks pretty cute with Line chart !Candle charts looks messy!
Pending Order Sell Stop GBP/USD 1.5160 Stoploss 1.5190 Target 1.5130+Spread
P.S : Cancel Pending order if market hit…Continue
Added by Jyotiprakash Pal on March 26, 2013 at 3:00am — No Comments
Today was very very choppy i hope that euro could recover losses in next 24-48hrs.
This could happen technically speaking because 1) stochs are oversold, 2) MACD indicates to buy it and specially 3) Bearish pin bar on H4 chart which could give us 100-150 pips.…Continue
Added by Igor Titara on March 26, 2013 at 12:21am — No Comments
I may be accused of flogging a dead horse. These days, in fact, that could mean trading in burgers supplied to almost any large high street chain. I am as ever negative on the key sterling cross.
The euro continues to weaken and sterling is making healthy gains s a result. The…Continue
Added by Brian Kiely on March 25, 2013 at 10:12pm — No Comments
EURJPY MIDTERM profile TG 120.62 as it's close also inter day profile see a fake sell , so 120.62 a nice dayly entry to running long at least will take us to 122.10 today or tom , happy trade all
Hi guys... time to have some fun again! :)
Let's see who is going to be this week's "Forex Oracle", this case in GBPUSD also known as Cable.
Attention to a new rule: In case of a tide of traders winning, there will not be multiple winners anymore. The trader that makes the call first wins... So we will apply here the famous FIFO principle, first in first out or what it is the same, first calling for a price wins in case of…Continue
Added by Francesc Riverola on March 25, 2013 at 2:59pm — No Comments
Currently we are at 1.0198 after breaking through the significant resistance @the same level. A continuation here targets the support/S3 @ 1.0152-0139. We are bearish. The current average daily trading range (ATR) is 68 pips.…Continue
Added by Scott Barkley on March 25, 2013 at 1:00pm — No Comments