All Blog Posts (17,546)

Roadmap - Gold

Little time for written update -which will come later.

In the meantime, a picture speaks a thousand words…

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Added by Demian Pack on December 18, 2012 at 8:42pm — No Comments

Roadmap * Crude Oil $USO $CL_F

Little time for written update -which will come later.

In the meantime, a picture speaks a thousand words.

Longer Term (Perspective)

Shorter Term…

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Added by Demian Pack on December 18, 2012 at 8:42pm — No Comments

EURUSD UpTrend Elliott Wave

Added by Robert SlyQsx on December 18, 2012 at 6:08pm — No Comments

ANZ - Forex Forecasts Changes and Current Trades

ANZ - "FORECAST CHANGES We have slightly reduced our GBP/USD, AUD/USD and NZD/USD forecasts for the second half of 2013.

CURRENT TRADES

· Long NZD/CAD and NZD/JPY on December seasonality

· Long AUD/USD spot, long a AUD/USD put as a hedge over the fiscal cliff

· Long USD call/HKD put

· Short USD/KRW via put spread

· Short USD/INR via put spread

· Short USD/CNY NDF

· Short USD/PHP NDF"…

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Added by Francesc Riverola on December 18, 2012 at 6:04pm — No Comments

Westpac - USD/Asia vulnerable to an upside correction, although this is still likely to be viewed as a selling opportunity

A very interesting market summary from Westpac

Francesc

Westpac -

  • FX: The Fed’s super-loose monetary stance should weigh on USD multi-week but there may be haven support at times if US fiscal negotiations falter. Stretched positioning is a challenge for USD/JPY and AUD/USD.
  • AUD/USD: The Fed’s money printing plans helped the Aussie punch higher but as of today it is flat vs pre-FOMC…
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Added by Francesc Riverola on December 18, 2012 at 5:53pm — No Comments

FXA - A Few More Weeks of Upward "Pressure", Buy Near Term Pullback Toward 1.3035/50

David Solin, Partner at FXA - "EURUSD Nearer-Term Strategy/position: With another few weeks of upward "pressure" still favored, prefer to be trading from the long side.  However, with the magnitude of the upside a question and the market trading near longer term resistance at the ceiling of the bearish channel from May 2011, not seen as a good risk/reward in just chasing the market higher from here.  So instead for now, would buy a pullback toward 1.3035/50 (lower entry, lower risk),…

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Added by Francesc Riverola on December 18, 2012 at 5:43pm — No Comments

€URO UPDATE - $EURUSD

Already included in yesterday´s post, no critical leveles have changed.

Aceptance/rotation within upper areas of value, contained between 1.3190-1.3145.

I would wait for the accepted levels to be breached before makign any decision.

Buyers still in control, so far.

If sellers take action, teh first (important) area where I would like to see buying will be 1.3100-1.3070, followed 1.3040 (mild) & 1.3016-1.2998... Lots to fill, in the event of downside…

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Added by Demian Pack on December 18, 2012 at 2:43pm — No Comments

Deutsche Bank - Breakdown of FX/equity correlation in 2013

Deutsche Bank - "The spike in correlation between G10 FX and equities beginning in 2008 and lasting through the present is unprecedented in the free float era. Next year may finally see the breakdown in this correlation for three reasons.

1. Global yield compression and light positioning has unwound carry trades: FX positioning has been reduced in large part because carry-to-vol ratios were not compelling; currencies such as EUR and CAD were still behaving like risky…

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Added by Francesc Riverola on December 18, 2012 at 2:39pm — No Comments

The EUR-USD trend line break out ....can it be False?

 

 The way euro has risen above 1.3100 has caught every body's attention and more contrarians to the trend. As we see the impulse wave that began from close to 1.2000 since July'12 was expected as one of the bear corrective rise within a larger bear trend.

At current…

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Added by trendprofiles on December 18, 2012 at 2:31pm — No Comments

$NZDJPY bounce

Currently we are at 70.62  and looking to see if we get a bounce  on the 0.214 Fibonacci level to the north.   The target area is the resistance cluster 1.270 Fibonacci extension @ 71.60.  The big target is the1.618 Fibo extension @ 72.48.   The average daily trading range (ATR) is 61 pips.…

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Added by Scott Barkley on December 18, 2012 at 2:00pm — No Comments

Fidelity - Equity Markets to be driven upwards by an expansion of valuation multiples in 2013

Fidelity - "My overall view is that a world of low growth, accompanied by low interest rates and substantial liquidity, should provide a favourable environment for equity investment. Liquidity is not just a reflection of central bank measures such as QE but is also due to large investor cash balances, which are currently sitting on the sidelines earning very low returns. We have already seen how this has driven up the prices of bonds across…

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Added by Francesc Riverola on December 18, 2012 at 12:14pm — No Comments

JP Morgan - Stay long CAD/JPY, TRY/JPY, USD/NOK, USD/ZAR and EUR/CZK

JP Morgan - "The prospects for a broader EUR recovery have improved but decisive breaks to confirm are still outstanding. JPY has provided additional strong evidence that a broader and sustainable downtrend has been launched but having reached key-supports in form of preceding lows, a temporary pause is likely before the downtrend resumes. Stay long CAD/JPY, TRY/JPY, USD/NOK, USD/ZAR and EUR/CZK, and short EUR/INR, NZD/CAD, EUR/CAD, EUR/KRW, EUR/MXN and NZD/NOK."

Added by Francesc Riverola on December 18, 2012 at 11:58am — No Comments

UBS - GBPUSD The pair continues to extend its strength; USDCHF Bearish trend conditions persist

UBS - "GBPUSD BULLISH The pair continues to extend its strength and is currently testing resistance at 1.6217. The next critical resistance is at 1.6309. Support lies at 1.6153.
USDCHF BEARISH Bearish trend conditions persist. A break below first support at 0.9115 would signal extension of weakness to 0.9041. Resistance is at 0.9240."

Added by Francesc Riverola on December 18, 2012 at 11:05am — No Comments

Rabobank - AUD Resilience

Rabobank - "One of the most noticeable features of the FX market this year has been the resilience of AUD/USD.  At the start of this quarter the market consensus was in favour of a push lower in AUD/USD to 1.02 by the end of the year.  Within the consensus many forecasters were noticeably more bearish on the AUD.  Today, the market has edged higher its consensus view modestly but most forecasters are still of the opinion that AUD/USD is trading near its highs and that it will end 2013 below…

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Added by Francesc Riverola on December 18, 2012 at 11:02am — No Comments

EUR/USD – Rangebound Trading Continues

EUR/USD remains steady and continues to trade in a tight range. The euro is coming off last week’s strong rally, and continues to trading close to five-month highs against the US dollar. With Q4 behind us, market focus has shifted to the fiscal cliff, with intense negotiations continuing on Capitol Hill. There is no breakthrough to report, but the markets and lawmakers are hoping to reach an…

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Added by Yohay Elam on December 18, 2012 at 10:04am — No Comments

Daily forcast Gold 18 12 2012

Added by Naveed Anjum on December 18, 2012 at 8:53am — No Comments

EURGBP: chart and outlook

Added by 50Pips on December 18, 2012 at 8:18am — No Comments

EUR/USD: Draghi’s Comments, Fiscal Cliff Hopes Support the Euro

The Euro is deemed to continue its strength opposite the US dollar today as European Central Bank President Mario Draghi foresees a gradual economic recovery for the Euro Zone in the next year. Meanwhile, the single currency is also seen to receive support from fresh optimism that the US fiscal cliff budget impasse could be settled before tax hikes and spending cuts begin to take effect early next year.



In a testimony to the European Parliament’s Economic and Monetary Affairs…

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Added by Aviv Shapiro on December 18, 2012 at 8:03am — No Comments

GBPUSD

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Added by Robert SlyQsx on December 18, 2012 at 8:00am — No Comments

GOLD

Added by Robert SlyQsx on December 18, 2012 at 7:28am — No Comments

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