All Blog Posts (20,614)

BMO capital Markets - Forthcoming US data today and tomorrow to be significant for USD/JPY & equity markets

BMO Capital Markets - "the forthcoming key US data today and tomorrow will, we think, be significant for USD/JPY and equity markets. If the data are particularly strong, we suspect that a decent portion of the moves towards a weaker USD could be unwound by the end of the week, particularly if European equities move towards the “black” and US equities strike a buoyant tone. In the event of strong US data, we might look to start fading rallies or taking profit on long USD positions in AUD/USD…

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Added by Francesc Riverola on May 23, 2013 at 11:45am — No Comments

EURUSD -Under Pressure with Risk Towards 1.2400 levels , Resistance at 1.2998 !

The EURUSD continued to maintain its bearish momentum yesterday after topping at 1.2998 levels, pressure now will be on the key support 1.2795, the EURUSD will have to hold below 1.2795 levels on a daily closing basis to push the market for further downside losses, If seen , it will target 1.2625 where a breach will turn focus on the 1.2500 ahead of 1.2400 levels.

Alternatively , a failure to hold below 1.2795 could mean a return to the 1.2998 levels,to completely eliminate the…

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Added by Haitham653 on May 23, 2013 at 11:40am — No Comments

Fidelity - The rise in Japanese government bond yields starting to undermine equity sentiment

Fidelity Worldwide Investment - "The rise in Japanese government bond yields is starting to undermine equity sentiment and especially J-REITs which have been selling off for the last month. Market volatility in Japan is such that it remains to be seen if this will be a lasting correction or just a natural pull back after many days of strong rises.

The danger I see from JGB market volatility is that a rise in yields could:

· hurt confidence via stock prices

· reduce support for…

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Added by Francesc Riverola on May 23, 2013 at 10:15am — No Comments

Societé Generale - Buy the dollar, sell EMFX and sell carry

Societé Generale - "Good Morning. Buy the dollar, sell EMFX and sell carry. It isn't about when the Fed “tapers”, it's about too many positions on the same side of the boat and the danger of a capsize.

When the Fed will slow its Treasury purchases will be data-dependent and the Funds rate may be less important in policy-making going forwards. Those are the direct takeaways from the FOMC minutes but the market tells us something different. The prospect of low rates for a long time…

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Added by Francesc Riverola on May 23, 2013 at 10:04am — No Comments

EUR/USD May 23 – Volatility Continues after Beranke Remarks

This week started slowly, but that all changed dramatically on Wednesday, as the euro went on a wild ride following remarks by Federal Reserve Chair Bernard Bernanke before a Congressional Committee. The euro tested the 1.2998, but then fell hard, closing the day at 1.2842. Almost forgotten in the excitement was US Existing Home Sales, which fell below expectations. There are a host of US and Eurozone releases on Thursday. European PMIs were mixed, but French and German Manufacturing…

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Added by Yohay Elam on May 23, 2013 at 9:37am — No Comments

S&P Finally Bows To Overhead Pressure At 1685/93 Resistance

Added by Carol Harmer on May 23, 2013 at 9:12am — No Comments

HSBC - Currency War, USD to soar. Turning bullish on the USD

HSBC - "The USD rally has further to run. The currency war is getting bigger and more intense, drawing ever more protagonists into the fray. In part, this may be because of the success of those central banks who have already sought economic advantage through targeting their currency. The market has realised there is no point in fighting the central banks at this time, and the USD is the natural candidate to act as the offset to this desire for depreciation elsewhere. If anything, the risks…

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Added by Francesc Riverola on May 23, 2013 at 9:10am — No Comments

today old man advise and audusd specialy for my dear fellow

ASSALM O ALEIKUM fellows .. .. .. 

i hope yesterday and a day before yesterday we all got reasonable profit ... i,m happy by this 

EURO 

oooooo my GOD today we have plenty of data from EU 

and i think today trading is in EU on targets is not safe just trading on data.... for…

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Added by Hussain malik on May 23, 2013 at 6:39am — 10 Comments

EUR/USD DAILY as of Thursday, 23 May, 2013

A Daily black body was formed during yesterday’s trading session.

A Daily engulfing bearish line has formed (where a black candle's real body completely contains the previous white candle's real body). The engulfing bearish pattern is bearish during an uptrend. It signifies that the momentum may be shifting from the bulls to the bears. 

If the engulfing bearish pattern occurs during a downtrend (which appears to be the case with Euro Dollar / US…

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Added by Martin Kay on May 23, 2013 at 6:19am — 1 Comment

AUD/JPY DAILY as of Thursday, 23 May, 2013

AUD/JPY  DAILY as of Thursday, 23 May, 2013

A Daily big black candle was formed during yesterday’s trading session.. This is a bearish candle as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trend line, or price resistance level), the long black candle adds credibility to the resistance.…

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Added by Martin Kay on May 23, 2013 at 6:17am — No Comments

RR, OPPORTUNITY, EXPECTANCY & THE GRADE 3 PAGE 1 DEFINITION OF HOW THEY INTER-RELATE

a couple quick definitions to get the kick the cat here

rr=risk/reward-the amount at risk compared as a ratio to the amount you make

opportunity-the amount of set ups a method gives you to enter the market in a period of time

expectancy- the amount of pips( or whatever you want but pips is best ) you excpect to gain(lose) employing a method per pip risked

in order to profit in the long run you must have a positive expectancy, this is a must.  the amount of…

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Added by talisman on May 23, 2013 at 1:22am — 3 Comments

RBS - Dollar Buyers

Royal Bank of Scotland - "There are no major changes in our view. We still favour buying dollars. We still forecast sizeable declines in EUR and in GBP against the USD over the next 12 months. We think the dollar strengthens initially (next six months) in a world of squashed volatility globally, cross asset class and some relative US cyclical growth optimism. Your funding currencies in this ‘li quidity solutions dominate’ world are Yen, pounds, and then Euros. We think the dollar strengthens…

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Added by Francesc Riverola on May 22, 2013 at 7:00pm — No Comments

NAB - Key trade ideas: We are sellers of AUD/NZD on a bounce to 1.2140

National Australia Bank - "We have closed our long USD/JPY from 94.40 at 102.01; a gain of 8.1%. We look to buy again on a dip to 101.80

Our short AUD, long CAD established at 1.0635 was closed at 1.0078 for a 5.2% profit in just four weeks.

We exited our long-standing EUR/CHF position at 1.2440 for a gain of 3.4% and would be keen to re-establish this at 1.2390.

The short GBP/USD position from 1.5150 was exited for minimal loss at 1.5198. We are currently neutral here.

We…

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Added by Francesc Riverola on May 22, 2013 at 6:39pm — No Comments

ING Bank - Bernanke not convinced QE's job is done

ING Bank - "Bernanke’s testimony to Congress on the economy did not result in many surprises. As “Chief Dove” on the FOMC, he clung to the notion that the tax rises and sequester from earlier this year would have a profoundly negative effect on the economy (which is not totally supported by recent evidence), and that the Fed needed to counteract this with easy monetary policy.

There was no change in his view that the Fed’s dual mandate of price stability and maximum employment required…

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Added by Francesc Riverola on May 22, 2013 at 5:59pm — No Comments

Well one has to choose between crazy spreads and market presence:)

Bernanke's mess

EU with up to 8 pips spread

GC - today's winner giong away with 29 pips…

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Added by Anastasi Ukrainskaya on May 22, 2013 at 4:30pm — 1 Comment

Yen Index Stays Bearish

Most of us are familiar with the Dollar Index, but there is another very useful index which tracks the Japanese yen against a basket of primary currencies. 

The great thing about the Yen index is that it is not European weighted and therefore far more representative of Yen strength and weakness.

The…

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Added by Anna Coulling on May 22, 2013 at 3:26pm — No Comments

Eurodollar continues to frustrate the bears!

Eurodollar's current phase of price action on the daily chart has now been in place since early March, with the pair oscillating between 1.2750 to the downside and 1.32 to the upside.

Price action over the last two weeks has been classic eurodollar with an initial move lower now reversing with the pair now…

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Added by Anna Coulling on May 22, 2013 at 2:32pm — No Comments

UBS - EURUSD Bearish, a break below 1.2797 to expose 1.2746 ahead of the critical 1.2662

UBS - "USDJPY BULLISH With the broader bull trend in place, the next major resistance focus is at 105.60. Support is at 101.26.

EURUSD BEARISH Any upside will be limited as bearish conditions persist. Resistance is at 1.2967 and 1.3020. Support is at 1.2797, a break below would expose 1.2746 ahead of the critical 1.2662.

The pair sold off sharply to test support at 1.5128 yesterday.

GBPUSD BEARISH There is scope for more downside in the near-term. Next support is at 1.5034 ahead…

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Added by Francesc Riverola on May 22, 2013 at 2:20pm — No Comments

BMO Capital Markets - What to expect in EUR/USD on Bernanke

BMO capital Markets - "Given the strength we’ve seen in EUR/USD so far this week, we suspect that the pair is roughly priced for a rather neutral outcome from Bernanke this afternoon (or even slightly dovish), with the spot level now roughly 0.70% above its recent low, printed over time in the wake of the three, consecutive lower-than-expected prints on US initial jobless claims between the weeks of April 19th and May 3rd. That would make a temporary move into the 1.2980 area today (roughly…

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Added by Francesc Riverola on May 22, 2013 at 2:00pm — No Comments

Attending iFXExpo. See You in Cyprus Next Week!

Hi everyone

I will be attending iFXExpo in Cyprus on 29th & 30th May 2013.

iFXEXPO is the largest financial B2B convention dedicated to the FX industry connecting service providers and brokers with over 1,500 senior executive attendees, over 60 exhibitors from around the world and top…

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Added by Francesc Riverola on May 22, 2013 at 1:48pm — No Comments

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