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…
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
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
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
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…
Added by Carol Harmer on August 1, 2013 at 8:05am — No Comments
*** 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
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
Sell below 1.5185,TP1.5130/5100 ,SL1.5212 ,BOB1.5218
Sell below 1325,TP1315/10,SL1330,BOB1332
Buy above 98.35,TP98.80/99 SL98,BOS 97.90
Added by Usman Ali on August 1, 2013 at 6:30am — No Comments
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
The Crude Oil maintained a bullish momentum yesterday - after the false break below 103.71 - topped at 105.41 levels, now pressure will be on the key resistance 105.41, the crude oil will have to hold above the 105.41 levels on a daily closing basis to push the market for further upside gains,If seen it will target the 108.92 levels where a breach will turn focus on the 110.54 levels.
Alternatively, a failure to hold above the 105.41 levels could mean a return to the 102.67 levels…
Added by Haitham653 on July 31, 2013 at 11:57pm — No Comments
In the upcoming weeks, the world faces critical changes , in one way or another, the fx market will be effected directly or indirectly , let's start with situations in middle east, US role in Syria and Egypt may end once and forever, In Egypt more the 75% of foreign investments are US investment , the role of games…Continue
Currently we are at 1.5166 after the break south of the expanding wedge. We are looking for a bullish continuation to the R5 / day chart target @ 1.506-5025. We have to break the support cluster in the 1.5160 area first. FOMC later – be careful! The average daily true range (ATR) for the pair currently is 128 pips.…Continue
Added by Scott Barkley on July 31, 2013 at 12:48pm — No Comments
EURJPY is currently under the influence of a Dark Cloud Cover, as detected by the Candlestick Watch. It is serving as an early alert in the formation of a potential double top on the weekly charts.
Import these combination of studies to your personalized My Studies area by clicking below:…
Added by FXStreet on July 31, 2013 at 10:19am — No Comments
EUR/USD is putting pressure on the 1.33 line in Wednesday’s European session. Wednesday is very busy in both the Eurozone and the US, and we could see some volatility from the pair as a result. Taking a look at today’s Eurozone releases, German numbers were mixed, as Retail Sales slumped but Unemployment Change beat the estimate. French Consumer Spending disappointed, posting a four-month low. The…Continue
Added by Yohay Elam on July 31, 2013 at 9:56am — No Comments
As shown on the 4 hour chart posted below, the EURUSD has formed a breakout pattern, support at 1.3233, resistance at 1.3301,a four hour close above 1.3301 will advance the pair further higher towards 1.3370 ahead of 1.3440 levels, while a four hour close below 1.3233 will open the way to 1.3165 ahead of 1.3095 levels.
Recommendation 1 # : Buying the pair with a 4 hour closing above 1.3301 targeting 1.3370 and 1.3440 levels, stop loss below 1.3233 levels.