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GBPUSD - Daily Forecast 30 Jul 2013

The GBPUSD maintained a bearish momentum yesterday , topped at 1.5412 and bottomed at 1.5327 levels , now pressure will be built on the key support 1.5327 , the GBPUSD will have to break and hold below the 1.5327 levels on a daily closing basis to push the market for further downside losses,If seen  , a bearish pressure will be built on the 1.5288 levels, a break will aim the 1.5128 levels ahead of the psychological level 1.5000.



Alternatively ,  a failure to hold below the 1.5327…

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Added by Haitham653 on July 30, 2013 at 6:40am — 1 Comment

Daily forcast for swing trading as on 30-07-2013.

CORRECTION

Instrument Trend Recommendation  30-07-2013

 



EUR/USD  Sell below 1.3260,TP1.3225/3200,SL1.3290 ,BOB1.3300

GBP/USD  

  Sell below  1.5350,TP1.5310/5285 ,SL1.5383 ,BOB1.5395

GOLD  

Sell below 1329,TP1322/17,SL1334,BOB1340

USD/JPY

 

Buy above 98.20,TP98.75SL97.95,BOS 97.90

CRUDE OIL

Sell below 104.30,TP 103.75 ,SL104.70 ,BOB 104.75



 

 

 



US CB CONSUMER CONFIDENCE at 7pm

USMAN…

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Added by Usman Ali on July 30, 2013 at 6:09am — 3 Comments

AFTER GETTING A GOOD PROFIT YESTERDAY , LOOK AT TODAY ANALYSIS AND MAKE GOOD PROFITS. Instrument Trend Recommendation  30-07-2013 EUR/USD  Sell below 1.3260,TP1.3225/3200,SL1.3290 ,BOB1.3300GBP/USD  …

AFTER GETTING A GOOD PROFIT YESTERDAY , LOOK AT TODAY ANALYSIS AND MAKE GOOD PROFITS.

Instrument Trend Recommendation  30-07-2013

 



EUR/USD  Sell below 1.3260,TP1.3225/3200,SL1.3290 ,BOB1.3300

GBP/USD  

  Sell below  1.5350,TP1.5310/5285 ,SL1.5383 ,BOB1.5395

GOLD  

Sell below 1329,TP1322/17,SL1334,BOB1340

USD/JPY

 

Buy above 98.20,TP98.75SL97.95,BOS 97.90

CRUDE OIL

Sell below 104.30,TP 103.75 ,SL104.70 ,BOB 104.75



 

 …

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Added by Usman Ali on July 30, 2013 at 6:06am — No Comments

Market Overview 30 Jul 2013

EURUSD is bullish , so as long as 1.3175/1.3255 holds on a daily closing basis, next resistance is around 1.3400 levels, losing 1.3175 on a daily closing basis will open the way towards 1.3082 ahead of 1.30000



GBPUSD is neutral , support is at 1.5327 ahead of 1.5288 , resistance is at 1.5412, a daily close above 1.5412 will open 1.5475/1.5530,while  below 1.5288 will open 1.5128.



USDJPY is neutral , strong support is at…

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Added by Haitham653 on July 30, 2013 at 5:46am — No Comments

EUR/USD & GOLD forecast 30.07.2013

EUR moved in a tiny range yesterday and continues to trade calm since the beginning of today. More light in the current situation will put the consumer confidence for Germany and Eurozone later today. The expected values are not good and assuming that EUR needs a correction move before next upmove, i think that we have greater chances to return to 1.3205 and 1.3140-60 in the following hours, than going to 1.3300. We have an intermediate support at 1.3190 so keep in mind that it may bounce to…

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Added by Vladimir Mihaylov on July 30, 2013 at 5:25am — No Comments

Societé Generale - As we head into August, we are likely to approach key entry points in the long USD, short EUR and JPY trades

Societé Generale - "As we head into August, we are likely to approach key entry points in the long USD, short EUR and JPY trades. The market is already positioned for this and hence sadly at risk of a positioning squeeze in summer markets. Multiple risk events this week suggest implied vols should stop falling given the underlying risks. These include FOMC (GDP, ADP, NFP), BoE, ECB, Bank of Israel, RBI, Italian 5 and 10Y auction and Japanese IP.

We are getting closer to the point of…

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Added by Francesc Riverola on July 29, 2013 at 10:22pm — No Comments

Gold and Silver Outlook for July 29 - August 2

During last week, gold and silver traded up. Nonetheless, most of their gain came on Monday. During the rest of the week, both metals had an unclear trend. Their recent rally coincided with the ongoing depreciation of the US dollar against currencies including Euro and Aussie dollar. The weakness in the U.S equity market may have also contributed to the latest rally of precious metals prices.…

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Added by Lior Cohen on July 29, 2013 at 7:55pm — No Comments

Will USDINDEX & USDCHF send the EURO beyond 1.3420 !

As shown on the daily chart of USDINDEX posted below, the pair is in extended bullish divergence after losing 81.97 levels, the first assumed target of the last drop (84.91/81.97) has not been achieved yet , so there's a room for more downside losses, but the pair is likely to retest (81.97 / 82.47) levels before attacking 81.20 levels ahead of 80.15 levels..



The second chart is for USDCHF pair, as shown on it below, the pair is also in extended bullish divergence exactly as…

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Added by Haitham653 on July 29, 2013 at 7:18pm — 2 Comments

People Are Using Borrowed Money To Buy Stock Like It's 2007 Or 1999

No FX this time, but to important to avoid.

 

Leverage is dangerous for many reasons, but the dangers of an excessively  levered market are really rather simple to understand.  As DB says, it  creates an environment that can lead to a disorderly unwinding of excessive  risk:

“Margin debt can be described as a tool used by stock speculators to borrow  money from brokerages to buy more stock than they could otherwise afford on  their own. These loans are…

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Added by Ron Schelling on July 29, 2013 at 4:39pm — No Comments

NAB - Key trade ideas: USDJPY Looking to re-establish a long position on a sell-off below 96

National Australia Bank - "We remain short of AUD/USD from 0.9210 with a stop at 0.9350.

We have taken profit at 1.1469 on our short AUD/NZD position established at 1.1813.

EUR/USD is at the very top of the trading range we have been talking about for the last four weeks. In the absence of US data disappointments, look to fade this rally.

Our recommendation to buy USD/JPY at 100.29 proved to be a bad trade: either the wrong entry level, the wrong time, or both. We still expect…

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Added by Francesc Riverola on July 29, 2013 at 4:30pm — No Comments

UBS - This Week's Key Points: Fed tapering sufficient to push dollar higher

UBS - "Our bullish view on the dollar faces key tests in the week ahead. The Federal Open Market Committee meets. US GDP, ISM, payrolls and PCE inflation data are released. The European Central Bank holds its monthly meeting and the Bank of England Monetary Policy Committee also meets.

In the run up to next week's events, the greenback has weakened. US data remains mixed while Wall Street Journalist Hilsenrath suggested the Fed may sharpen its forward guidance. In contrast, Eurozone PMI…

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Added by Francesc Riverola on July 29, 2013 at 2:36pm — No Comments

Ascending kiwi

The indicators in our Currency Strength Meter confirms the ascending structure in the Kiwi. …

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Added by FXStreet on July 29, 2013 at 2:31pm — 1 Comment

Are Stocks Heading for a 1987-Style Crash?

Always good to know !

A year ago, Wall Street pundits and prognosticators were busy marking the 25th anniversary of the great stock market crash of October 1987, and speculating whether it could happen again to a market that had doubled over the prior three years, despite a weak underlying economy.

While October 2012 ultimately saw the Dow Jones Industrial Average decline by about 2.5%, that was nothing compared to the 22%none-day wipe out that…

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Added by Ron Schelling on July 29, 2013 at 2:07pm — No Comments

Danske Bank - Buy EUR/AUD for an 1.5250 objective as trend momentum remains strong

Danske Bank - "EUR/AUD Strategy summary – buy at 1.4170 for an objective of 1.5250. Place stop at 1.3860.

EUR/AUD saw a strong rally from a low of 1.2215 on 3 April this year to a high of 1.4415 on 20 June. Since then the market has traced out a shallow three-wave correction before attempting to resume the prior trend and posting a minor fresh high of 1.4480 on 12 July. Although we have already seen a substantial run-up, trend momentum remains strong and scope is seen for further…

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Added by Francesc Riverola on July 29, 2013 at 2:03pm — No Comments

TD Securities - USD/CAD stabilizes, balance of technical risks turning a little more constructive

TD Securities - "USD/CAD’s late July slide has failed to extend significantly—so far. Over the past week, the trend down has started to flatten out and the short-term candle chart (6-hour bars) shows some signs, via the relatively long upper and lower “shadows” (the tails on the candle bodies), that the market is less sure about the near-term direction. Short-term trend resistance (1.0281) is coming under pressure at the start of our session today and a push through here may yield a rebound…

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Added by Francesc Riverola on July 29, 2013 at 1:53pm — No Comments

UBS - EURUSD BULLISH As the bull trend persists, focus is on further upside

UBS - "EURUSD BULLISH As the bull trend persists, indicated by the trending and momentum indicators pointing higher, focus is on further upside. Key resistance is at 1.3417. Support is at 1.3253 ahead of 1.3166

USDJPY NEUTRAL The sharp sell-off since Thursday faces a strong support at 96.75.A closing break below this would trigger further sell-off. Resistance is at 99.41 ahead of 100.87.

GBPUSD NEUTRAL The pair is testing the critical resistance at 1.5394, since Thursday. A closing…

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Added by Francesc Riverola on July 29, 2013 at 1:39pm — No Comments

JP Morgan - EUR/USD needs breaks above 1.3337 and above 1.3483/1.3521 to get out of the danger zone

JP Morgan - "The latest overshooting of the first key-T-junction 1.3262 (minor 76.4 %) is certainly challenging the wave 2 sub- count view which would most likely be replaced as favorite by the red scenario once daily trend line resistance at 1.3337 would also give way. Such a break would start favoring an extension into the next key-resistance barrier at 1.3483/1.3521 (76.4 % on higher scale/pivot) where the c- wave up in the red scenario would be expected to stall.

It would take a…

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Added by Francesc Riverola on July 29, 2013 at 1:26pm — No Comments

$USDCHF- Falling wedge?

Currently we are at 0.9292 in a falling wedge.  These are bullish patterns EVENTUALLY.  We are looking for a bearish continuation after a pullback to the 0.9234 area where the bull bounce should occur.  It could just bounce here back to the 0.9492 area. The average daily true range (ATR) for the pair currently is 96 pips.…

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Added by Scott Barkley on July 29, 2013 at 12:46pm — No Comments

GOLD - Technical analysis

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Added by Olimpiu Tuns on July 29, 2013 at 12:34pm — No Comments

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