UBS - This week's key points are:
- payrolls key in the week ahead for dollar
- ECB rate decision and press conference to cap euro
- Japanese data increases pressure on BoJ again
- stay wary of Cable as BoE meets in the week ahead
- no change from SNB franc policy one year on
- remain long NOKSEK ahead of Riksbank meeting
- Australian dollar increasingly resembles Cable in 2007
by Mansoor Mohi-uddin, Managing Director and Head,…
Added by Francesc Riverola on September 2, 2012 at 4:04pm — No Comments
Federal Court in Texas Orders Christopher B. Cornett to Pay over $17 Million in Sanctions in Foreign Currency Fraud Action
The CFTC obtained a federal court order of default judgment and permanent injunction requiring defendant Christopher B. Cornett of Buda, Texas, to pay $10.16 million in restitution and a $6.78 million civil monetary penalty in connection with a foreign currency…
Added by Francesc Riverola on September 2, 2012 at 4:00pm — No Comments
USDJPY: With fresh weakness registered the past week, USDJPY looks to weaken further in the new week. This will leave it targeting the 77.88/66 levels. A violation of here will aim at the 77.00 level, its psycho level. Below here will call for more declines towards the 77.35 level and then the 76.49 level. Its weekly RSI is bearish and pointing lower suggesting further declines. On the upside, the pair must break and hold above the 79.64 level to annul its present bearishness. This could…Continue
Added by fxtech on September 2, 2012 at 3:43pm — No Comments
Euro ... Reversal of trend???
Added by JT on September 2, 2012 at 3:09pm — No Comments
The daily EUR/USD trend, see green area at the bottom, is still up since July 30 at 1.2317 (NY Close).
Only a NY Close below 1.2465 this week can change the daily trend from green to red.
Click on the chart for more pairs.…Continue
Added by Ron Schelling on September 2, 2012 at 2:00pm — No Comments
EURUSD: Having continued to maintain its recovery strength, EUR looks to build up on further gains in the new week. As long as it holds and trades above the 1.2442 level, the risk is for it to recapture the 1.2634/72 levels. A breach will aim at the 1.2748 level where a breather may occur and turn the pair back lower. However, if this fails to occur, expect the pair to strengthen further towards the 1.2824 level. Its weekly RSI is bullish and pointing higher supporting this view. The…Continue
GBP/USD traded in a narrow range this week, and closed the week at 1.5858. The upcoming week is very busy, with 14 releases. Here is an outlook of the upcoming events, and an updated technical analysis for GBP/USD.
US and UK releases were unspectacular this week, and the pair responded with choppy trading. The US economy continued to zigzag last week, as employment figures were…Continue
Added by Yohay Elam on September 2, 2012 at 10:01am — No Comments
Euro/dollar edged up on the last week of August, anticipating action from the ECB and also enjoying some dollar weakness. As volume and volatility return, the rate decision is the main event in a very busy week. Will Draghi turn strong words into action? A lot depends on Spain as well. Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD.
Added by Yohay Elam on September 2, 2012 at 8:07am — No Comments
Please take a look at the divergence between 3rd and 5th waves in C, also A=C and 1st of C = 5th of C.
First targets around 1.2440-1.2380 prevoius resistances (maybe we'll deal only with corrrection). If we"ll deal with 5th wave at daily TF, it's target could be 1.17. In order to calculate…Continue
Added by Alex Zalts on September 1, 2012 at 9:37pm — No Comments
Added by Alex Zalts on September 1, 2012 at 4:36pm — No Comments
What Forex Target Traders See: We are currently sitting @ 1.2577 and broken out of the day chart wedge to the upside. We are bullish above 1.2500. The targets up are the R6 resistance @ 1.2652 and then the 1.618 Fib extension @1.2700 area and the 1.2744. The target down are the R5 @ 1.2419 (possible bounce there on the trend line. The average daily true range (ATR) for the pair currently is 83 pips. …Continue
Added by Scott Barkley on September 1, 2012 at 3:15pm — No Comments
USDCHF: With USDCHF holding below the 0.9655 level, Aug 06’2012 low and closing lower the past week, risk of further decline is developing. The pair continues to hold on to its downside pressure initiated from the 0.9970 level leaving the risk of further downside pressure towards the 0.9480 level. A violation of here could force more declines towards the 0.9421 level where a breach will aim at the 0.9366 level. Its weekly RSI is bearish and pointing lower supporting this view. The…Continue
Added by fxtech on September 1, 2012 at 10:54am — No Comments
The news event of the week was Federal Reserve Chairman Ben Bernanke's monetary policy speech at the Jackson Hole Symposium. The week's biggest move on the EUR/USD currency pair unfolded over the six hours leading up to…Continue
Added by Curt Wehrley on September 1, 2012 at 3:37am — No Comments
Added by Alex Zalts on September 1, 2012 at 12:50am — No Comments
BNP Paribas - It is in Europe that central banks will open the autumn monetary festivities next Thursday.
1- The Bank of England is likely to sit tight, while it waits to quantify the effect of the last two measures implemented this summer on the economy (launch of a new scheme, Funding for Lending, aimed at reducing banks’ funding costs, in collaboration with the British Treasury in June, and raising of the ceiling on asset purchases by GBP 75bn to GBP 375bn in July).
Added by Francesc Riverola on August 31, 2012 at 4:12pm — No Comments
One of the most popular contents on FXstreet.com - for not saying the best content on the site.
We have experts, brokers and banks participating in this weekly poll updated every Friday in the afternoon.
Change the major of your interest in the drop down menu and enjoy!…Continue
ANZ - We recommend four views into the coming event risk: (1) Short SGD/MYR, (2) Long USD/IDR, (3) Long EUR/AUD, and (4) Short AUD/NZD. The world feels like it is entering a GFZ; a growth free zone. Fortress Asia has found that Europe has stolen its export crutch, and China is adjusting to slower investment growth. The event risk calendar, obviously, is packed.
Added by Francesc Riverola on August 31, 2012 at 3:15pm — No Comments
Added by Francesc Riverola on August 31, 2012 at 3:11pm — No Comments
In recent years a wave of new reform…Continue
Added by Ron Schelling on August 31, 2012 at 1:23pm — No Comments