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Eurodollar holds the line at 1.30

Following today's ECB rate decision and press conference recent slide in eurodollar has come to a halt (at least for the time being!)
Weekly chart illustrates good support at 1.30 confirming Angela Merkel's comments last month "...... euro rates between $1.30 to $1.40 are normal from an historical…

Added by Anna Coulling on March 7, 2013 at 8:42pm — No Comments

RSI +% R in one window. Please comment on?

Added by Pavel Georgiev on March 7, 2013 at 5:39pm — No Comments

Westpac - AUD/USD Losses to not go further than the recent 1.0115 low; NZD/USD We see upside beyond 0.8600 in 2013

Westpac - "AUD Bias: The global appetite for USD despite aggressive Fed QE and a sluggish US economy makes it tough for AUD/ USD to break above 1.0380. Key commodity prices also remain unimpressive regardless of China property scares. The domestic story is mixed, not soft enough for the RBA to deliver on its easing threat but enough for markets to keep leaning towards at least one more cash rate cut. But underlying demand for risk assets is persistent (MS Asia-Pac shares at…


Added by Francesc Riverola on March 7, 2013 at 5:00pm — No Comments

TD Securities - TD View: Position for long term USD gains. Buy short term dips.

TD Securities - "The TD View: Trading Vias:

US: Position for long term USD gains. Buy short term dips.

Canada: Look to sell CAD rallies.

Europe: Sell EUR rallies below 1.3250.

Asia/Pacific: Both AUD and NZD are sagging below our mid-year targets but yield-seeking will prevail again

LatAm: We like short BRLMXN, targetting 6.34, or 6.16 if central bank comments support a sharp adjustment in rate expectations.

EMEA: We like short EUR/PLN, targetting 4.07. USD/RUB cheap…


Added by Francesc Riverola on March 7, 2013 at 5:00pm — No Comments

Nasdaq Retains H&S Pattern....2810 Is The Key Break Point

Added by Carol Harmer on March 7, 2013 at 4:09pm — No Comments

HSBC - USD: Heads I win, tails you lose

HSBC - "The dollar has risen materially on an index basis since the end of January and is higher against all other G10 currencies. While many would probably dismiss this move as reflecting no more than the effect of the negative stories that have afflicted the euro, the yen and sterling, there is a growing risk that its rally could be extended. A significant surprise in Friday’s payrolls, either positive or negative, could both see the dollar rise.

US activity data have been generating…


Added by Francesc Riverola on March 7, 2013 at 2:13pm — 1 Comment

$GBPJPY- Breakout?

Currently we are at 142.04  after the breakout of the downtrend.  . We are just above the 0.214 Fibo @ 141.96  and  looking now for the continuation to resistance @143.42 then the R6 @ 143.95.  The current average daily trading range (ATR) is 198 pips.…


Added by Scott Barkley on March 7, 2013 at 2:09pm — No Comments

NBF - US dollar finds second wind

National Bank Financial - "The US dollar just had its best month since May 2012. While last May concerns about the European sovereign debt crisis lifted the greenback, this time it was politics that prompted flows towards the world’s reserve currency. Congress failed to avert the automatic spending cuts, something which raised doubts about the US economic outlook this year. European politics also curbed investor enthusiasm with Italian elections yielding no clear winner and setting the stage…


Added by Francesc Riverola on March 7, 2013 at 1:49pm — No Comments

RBS - Sell everything, buy the USD?

Royal Bank of Scotland - "(...) The above is shifting the platelets in favour of the USD. It's happening now. It is happening before Bernanke ends QE, because Bernanke has established his credibility, because the US is closer to the exit game even if it may be another year away. It is happening long before there is any rate rise in the US. The dollar will rally now because if China or Europe falters we will need its safe-haven status. It will rally now because Japan and the UK are two steps…


Added by Francesc Riverola on March 7, 2013 at 1:19pm — No Comments

UBS - USDJPY BULLISH Watch for a break above resistance at 94.77, opening 97.79

UBS - "EURUSD BEARISH As the pair closed below the support at 1.2997, this is a major bearish development, paving the way for weakness to 1.2877. Resistance is at 1.3080.

USDJPY BULLISH With trending and momentum indicators pointing higher, watch for a break above resistance at 94.77, opening 97.79. Support is at 92.92 ahead of 92.01.

GBPUSD BEARISH The pair extends weakness posting a new corrective low. Support is at 1.4949 ahead of 1.4687. Resistance is at 1.5110 should hold any…

Added by Francesc Riverola on March 7, 2013 at 1:09pm — No Comments

GBPUSD: Resumes Broader Weakness.

GBPUSD: With GBP resuming its broader downside weakness, it looks to decline further towards the 1.4900 level. We expect this level to hold if tested and then turn the pair higher. Further down, support comes in at the 1.4800 level followed by the 1.4700 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance stands at the 1.5154 level followed by the 1.5198 level, its Mar 05’13 higher. Further out, resistance lies at the 1.5400 level and then the…


Added by fxtech on March 7, 2013 at 11:12am — No Comments

EUR/USD – Edges Higher as ECB Rate Decision Looms

EUR/USD is fluctuating, as the pair  dropped below the 1.30 level in Thursday’s Asian session. The pair has bounced back in European trading, but remains under pressure as the ECB holds a policy meeting today. The ECB is expected to hold interest rates at their current level of 0.75%. In the Eurozone, France and Spain hold a 10-year bond auction, and Germany releases Factory Orders. There are…


Added by Yohay Elam on March 7, 2013 at 10:41am — No Comments

Price Action Lesson #5 Support and Resistance

Added by David Pegler on March 7, 2013 at 10:31am — No Comments

Demand and Supply : Swing EURJPY

I had sold the EURJPY at the short term supply. orders were filled at 122.806

First target is 121.70

2nd Target at near Demand 1.20.75

The question is, will this move with the EURUSD ? we'll see how this progresses.…


Added by Haji Warithu on March 7, 2013 at 10:24am — 2 Comments

Glory Glory Man United

I met a man yesterday who has been a bookmaker for 26 years.  He was an expert gambler. 


He backed the draw in the United – Real Madrid game on Tuesday night.


With 35 minutes to go to full-time, he cashed in his bet when the score was 1-1.  He got around 60% of amount he would have received if match ended in a draw.   However, if he waited for the end of the game he would have lost all his money, as Real Madrid won 2-1.


I asked him why he chose…


Added by Brian Kiely on March 7, 2013 at 10:09am — 3 Comments

AUDUSD: Reversal Pattern Is Pointing Towards 1.0375

As per Elliott Wave Analysis, sharp impulsive reversal higher in this week suggests that AUDUSD found a temporary low and completed an ending diagonal in wave 5 with a throw-over formation. Throw-over occurs when volume is high in the fifth wave that approaches its lower trendline of the pattern, and extends slightly beneath it before reversal occurs. As such, the wave count is now pointing higher for a minimum three waves retracement back to former black wave four levels;…


Added by Gregor Horvat on March 7, 2013 at 9:00am — No Comments

Feared or Favoured...Eur/Usd for 7th March.

Its going to be an action filled day with the ECB and BOE rate decision due for release later. With that in mind our currency pair for today is the most feared or is it favoured pair, the EUR/USD.

It would be a pleasure to know how your trade turned out. Do let us know.




Added by Sardar Uddin on March 7, 2013 at 6:42am — No Comments

EURUSD - Double Bottom Under Development !

A shown on the chart posted below , the pair was rejected yesterday from 1.2965 levels, It formed a temporary bottom at 1.2965 levels, so we have double bottom pattern under development !

On the upside, the pair needs to hold above 1.3010 levels, to pave the way to 1.3075 levels, a clear break above 1.3075 will target 1.3185 and possible 1.3295 levels as second target.Anyway, according to 4 hour chart, above 1.3075, 1.3318 is strongly suggested !

On the downside , stability…


Added by Haitham653 on March 7, 2013 at 6:25am — 18 Comments

EUR/USD & GOLD forecast 07.03.2013

EUR preformed badly the recovery yesterday, witha a lot of uncertainty and as the result we have a drop to the lowest level supported by the better than expected US data. We have a tiny time frame of 5-6 days to break lower, so i think the investors will try their chance starting from today. Here i wish to add the forecasts of Societe Generale who expect EUR to fall to 1.2500 in the second quarter of the year, and Deutsche Bank who go even further to 1.1000 till the end of this summer. First…


Added by Vladimir Mihaylov on March 7, 2013 at 5:47am — 10 Comments

Aud/Jpy - 07/03/2013

Hello traders,

I am seeing one upward momentum on A/J. So, i would like of buy it and 97.00 target.

ST: 96.00…


Added by Igor Titara on March 6, 2013 at 11:21pm — No Comments

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