All Blog Posts (21,241)

Elliott Wave Overview Ahead Of NFP: EURUSD and AUDUSD

EURUSD

Rally on EURUSD from 1.2750 can be counted in three legs with decreasing momentum in last part of the uptrend. We think that move was corrective, an A-B-C pattern that is pointing lower now against recent 1.3345 high. Ideally market will make a larger impulsive decline, but based on minimum expectations we expect a three wave retracement back to 1.3000-1.3100.…

Continue

Added by Gregor Horvat on August 2, 2013 at 8:25am — No Comments

Sacking Gold

I think Ben Bernanke is a genius. The US economy needed a stimulus, but since its economy was consumer based government initiatives wouldn't help. So he did something else...

By manipulating gold prices to immense levels, he created a baseline for stimulus debt since US government had 8000 tons of gold, the price increase would easily cover the debt for stimulus. That was the first part. 

The second was about the 150000 tons of gold world had. The sudden price increase created…

Continue

Added by gunes unver on August 2, 2013 at 7:49am — 11 Comments

USDJPY - Daily Forecast 02 Aug 2013

The USDJPY maintained a bullish momentum yesterday , bottomed 97.65 and topped at 99.56, now pressure will be on the 99.56 levels, the USDJPY will have to hold above the 99.56 levels on a daily closing basis to push the market for further upside gains, If seen it will target the 100.45 levels, a halt is strongly suggested and we might see a resume to the whole fall from 101.52 towards 97.00 levels, but break of 100.45 will target the 101.52 levels, above 101.52 will have large bullish…

Continue

Added by Haitham653 on August 2, 2013 at 7:41am — No Comments

today's outlook for Nymex WTI Crude

Added by Jason Sen on August 2, 2013 at 7:00am — No Comments

Daily forcast for PRE EU SESSION as on 02-08-2013.

Yesterday all the instruments hit their TP as per my recommendations, look at today analysis.

Instrument Trend Recommendation 02-08-2013

 



EUR/USD  Sell below 1.3220,TP1.3175/50,SL1.3250

GBP/USD  

  Sell below  1.5130,TP1.5075 ,SL1.5155

GOLD  

Sell limit  1295,TP1275/65,SL1303

USD/JPY

 

Buy above 99.50,TP99.80/100 SL98.20

CRUDE OIL

Sell below 108.50, TP 108/107.75 ,SL108.90



 

 

  …



Continue

Added by Usman Ali on August 2, 2013 at 6:00am — 2 Comments

EUR/USD & GOLD forecast 02.08.2013

Mr.Draghi did not say anything new, but only repeated his previous statement. The key phrase was that the interest rate will be kept at this level or lower for an extended period of time. However the market showed no reaction till now, the price has bounced from the 1.3260 resistance but the downside was capped by 1.3205. The false break to 1.3190 was short lived and the price quickly returned above the 1.3205 support. Yesterday's ISM release was a lot better than expected but despite that…

Continue

Added by Vladimir Mihaylov on August 2, 2013 at 5:21am — No Comments

TRADING LEVELS-SILVER-02.08.2013

TRADING LEVELS
SILVER
H-19.79-L-19.63
BUY-19.64-SELL-19.66/19.69/19.72/19.76
BUY>19.79-SELL<19.63

Added by Muthusamy on August 2, 2013 at 3:11am — No Comments

TRADING LEVELS-GOLD-02.08.2013

TRADING LEVELS
GOLD
H-1308.00-L-1305.70
BUY-1306.60-SELL-1307.80
BUY>1308.00-SELL<1305.70

Added by Muthusamy on August 2, 2013 at 3:09am — No Comments

GBPJPY – Daily Forecast 02 Aug 2013

The GBPJPY maintained a bullish momentum yesterday , bottomed at 148.23 and topped at 150.66, now pressure will be on the key resistance 150.66, the GBPJPY will have to hold above the 150.66 levels on a daily closing basis to push the market for further upside gains ,Is seen It will target the 152.82 levels where a breach will turn focus on the 154.00 levels.



Alternatively , a failure to hold above the 150.66 levels could mean a return to the 148.23 levels, losing this level will…

Continue

Added by Haitham653 on August 2, 2013 at 12:57am — No Comments

eu gu gold

gold rejected 38.2%fib on 1348 and moved back to strong zone defended by buyers(1305/10) so tomorrow if good data comes up for u.s.a then i expect first spike to 1290 and next to 1270 depence on data but my target for next week should around 1250..eu for now bearish momentum.on daily price bounced from 1.3344 where was top trend line which been defended by sellers .for now this moment i looking for good ressistance and want to sell with target 1.3165 if break next should be 1.3130/35 and…

Continue

Added by gregorian on August 1, 2013 at 9:03pm — No Comments

Is Retail Trading a Real Growing Force in Forex?

interesting....

Francesc

 

 

Retail trading a growing force in forex

Prue Moodie at Financial Review

There are no precise estimates of the split between retail and institutional activity in the Australian foreign exchange market. But this year, as part of the Bank of International Settlements’ 2013 triennial report on global…

Continue

Added by Francesc Riverola on August 1, 2013 at 5:01pm — 1 Comment

Deutsche Bank - August is the time to re-build USD longs

Deutsche Bank - "Our positive dollar view has been driven by two factors over the course of the year. First, the re-pricing of the Fed. The market was pricing a rate path that was even more dovish than the FOMC's own projections at the beginning of the year. This has now corrected, with June 2016 Fed funds inside the 1.3-1.8% range of dovish Fed Taylor rules. Second, flows. While US portfolio inflows remain weak, the big driver has been a surge in short-term flows, a combination of cash,…

Continue

Added by Francesc Riverola on August 1, 2013 at 3:37pm — No Comments

$NZDUSD- Wedge Break?

Currently we are at 0.7943 after the break of the trend.  We are looking for a bearish continuation to the Day chart Trend Area @ 0.7860-75 area.  Watch for a bounce there.   The average daily true range (ATR) for the pair currently is 109 pips.…

Continue

Added by Scott Barkley on August 1, 2013 at 12:33pm — No Comments

GOLD - Long or Short?

Continue

Added by Olimpiu Tuns on August 1, 2013 at 9:58am — No Comments

EUR/USD August 1 – Lower Ahead of ECB Announcement

The new month of August has greeted the markets with plenty of action, as EUR/USD is showing some volatility in Thursday trading. The pair crashed below the 1.33 line and is trading in low 1.32 territory. In Eurozone releases, Italian and Eurozone Manufacturing PMI’s beat their estimates, but Spanish PMI fell below the 50-point level. Later today, the ECB releases its rate statement, with a…

Continue

Added by Yohay Elam on August 1, 2013 at 9:26am — No Comments

EURUSD - Daily Forecast 01 Aug 2013

The EURUSD maintained a bullish momentum yesterday , bottomed at 1.3207 and topped at 1.3344 levels , but momentum indicators show that the pair has lost some of its upside momentum , now pressure will be on the key support 1.3207.

The EURUSD will have to hold below the 1.3207 levels on a daily closing basis to push the mark to the downside ,If seen , it will target the 1.3165 levels where a breach will turn focus on the 1.3082/1.3065 levels, below 1.3065 will look for the 1.3000…

Continue

Added by Haitham653 on August 1, 2013 at 9:14am — 3 Comments

Gbp Hits Trendline Support At 1.5130

Added by Carol Harmer on August 1, 2013 at 8:05am — No Comments

AUD/USD DAILY as of Thursday, 01 August, 2013

*** Intra-Daily Trading Strategy: BUY Australian Dollar / US Dollar

Buy Target: 0.8970

Buy Stop:   0.8889 

Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING…

Continue

Added by Martin Kay on August 1, 2013 at 7:43am — No Comments

Daily forcast for Intraday as on 01-08-2013.WILL EUR AND GBP WILL GIVE SAME PROFIT AS YESTERADAY???

AFTER A GREAT MOVEMENT YESTERDAY and A GOOD PROFIT AS PER MY PREDICTION, LOOK AT TODAY ANALYSIS AND MAKE HEAVY PROFITS.

Instrument Trend Recommendation 01-08-2013

 



EUR/USD  Sell below 1.3275,TP1.3230/3200,SL1.3305 ,BOB1.3310

GBP/USD  

  Sell below  1.5185,TP1.5130/5100 ,SL1.5212 ,BOB1.5218

GOLD  

Sell below 1325,TP1315/10,SL1330,BOB1332

USD/JPY

 

Buy above 98.35,TP98.80/99 SL98,BOS 97.90

CRUDE OIL

Buy above…

Continue

Added by Usman Ali on August 1, 2013 at 6:30am — No Comments

EUR/USD & GOLD forecast 01.08.2013

EUR has moved in both directions yesterday as in the end of the month such volatility is normal. This figured out the main support and main resistance levels. Main support is 1.3210 and main resistance is 1.3345. Today the market will look for any hints about the next rate cut by mr.Draghi at the ECB's pressconference. My technical outlook doesn't seem so bullish. I think it is time to test 1.3050 once again and maybe to drop below. Since 16.06 we are not able to record a new top, so i think…

Continue

Added by Vladimir Mihaylov on August 1, 2013 at 4:26am — No Comments

Blog Topics by Tags

Monthly Archives

2015

2014

2013

2012

2011

2010

1999

Members

© 2016   Created by FXStreet.   Powered by

Badges  |  Report an Issue  |  Terms of Service

Offline

Live Video