All Blog Posts (20)

Inventor of Computer Mouse, Dies at 88

The computer mouse is what we also need for our trading.

Of course, today it's different, but the mouse was and still is  part of trading for most of us.

Click the Mouse on the picture for more:

(c) Reuters

 

Added by Ron Schelling on July 4, 2013 at 6:52pm — No Comments

NFP Trading Strategy

NFP Trading Strategy


Let’s talk about how to trade this release: We’ll wait for the numbers to come out but continue to hold on a trade, Even if we get our tradable figures (160K to 20K). Wait for a possible revision of the previous release number of 54K as the market usually overreacts with the Revision and chances favor that a solid trade will present itself if we dont get a conflicting releases between the revision and the actual…
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Added by rajeeb saha on July 4, 2013 at 6:28pm — 4 Comments

EURUSD – Monthly Technical Analysis – July 2013

The EURUSD continued to maintain its bearish momentum last month, topped at 1.3415 and bottomed at 1.2955, now pressure will be on the key support 1.2955, the EURUSD will have to hold below the 1.2955 levels on a monthly closing basis, to push the market for further downside losses, If seen, it will target the 1.2661 levels where a breach will turn focus on the 1.2500 levels, recovery may be seen around 1.2500 levels, but losing 1.2500 on a monthly closing basis will pave the way towards the…

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Added by Haitham653 on July 4, 2013 at 4:22pm — No Comments

TD Securities - Fed Policy Guidance Supports USD

TD Securities - "We are bearish on EUR/USD. While the Fed appears to be inching towards the QE exit, policy makers in Europe have made it clear that it is premature to even talk about removing policy accommodation which will remain in place for the "foreseeable future".

(...) Eurozone growth trends, especially in the peripheral economies, remain sluggish and EZ unemployment has reached record highs, in contrast to the relatively better macro-economic trends in the US. Peripheral…

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Added by Francesc Riverola on July 4, 2013 at 3:10pm — No Comments

UBS - USDJPY Bullish. Our focus is on the key resistance at 103.74

UBS - "EURUSD BEARISH With the bear trend intact focus is on the key support at 1.2797. A break below this would suggest scope for further downside. Resistance is at 1.3078.

USDJPY BULLISH Our focus is on the key resistance at 103.74. Downside should be limited with support at 98.16.

GBPUSD BEARISH The pair closed below the key support at 1.5183. This was a strong bearish development, exposing 1.5009. Resistance is at 1.5279.

USDCHF BULLISH Any recovery should be limited with a…

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Added by Francesc Riverola on July 4, 2013 at 10:23am — No Comments

Deutsche Bank - We Remain Bearish GBP

Deutsche Bank - "UK data has been unambiguously strong recently, but we remain bearish GBP. First, similar to the yen, we don't think outright growth matters for a currency, but how it translates into flow. For the UK, the odds are stronger data translate into weaker flow.

(...) Second, we don't think better growth numbers will translate into tighter monetary policy either. It is too early to justify a hawkish turn, with the output gap large and both household and government leverage…

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Added by Francesc Riverola on July 4, 2013 at 9:56am — No Comments

EUR/USD July 4 – Steady Ahead of ECB Rate Decision

EUR/USD continues to trade close the 1.30 line in Thursday’s European session. US markets are closed for the July 4th holiday, but we could see some volatility from the pair, as the ECB announces its benchmark interest rate. The rate is expected to remain pegged at 0.50%, but the accompanying press conference has proven to be a significant market-mover in the recent past. There…

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Added by Yohay Elam on July 4, 2013 at 9:29am — No Comments

Elliott Review: EURUSD, GBPUSD and Stocks Futures-Risk on Sentiment Ahead Of the ECB

Markets are very slow today ahead of ECB and BOE and also because of closed markets in the US in observance of Independence Day. As such, market could be very choppy and overlapping today with no-real direction.

On the EURUSD we are tracking an incomplete correction in wave 2 which can be a flat because of a three wave fall from 1.3100 to 1.2930. If that’s the case then wave (c) should be made by five waves and reverse from 1.3100-1.3150 resistance zone. Keep a close eye on this…

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Added by Gregor Horvat on July 4, 2013 at 8:30am — No Comments

INTRA DAY TRADES IN SIX MAJOR INSTRUMENTS4-07-13

look at the graphical view of my analysis.…

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Added by Usman Ali on July 4, 2013 at 7:43am — 2 Comments

Euro Buyers May Well Be Back In Control

Added by Carol Harmer on July 4, 2013 at 7:18am — No Comments

Pre EU Session market report. WILL EURO MOVE TO UPSIDE?

According to H4 euro is supported at 1.2940, IT can be moved to upside  but on breakage of 1.2900 a further drop is expected.

Instrument Trend Recommendation  04-07-2013

 

EUR/USD

Buy  above 1.2990,TP1.3050/70,SL1.2960 ,BOS1.2950

GBP/USD  

  Buy above 15250,TP1.5303/40 ,SL1.5220 ,BOS1.5210

GOLD  

Buy above1252,TP1263/68,SL1247,BOS1243

USD/JPY

 

Sell below 100,TP 99.30,SL100.25 BOB 100.30

CRUDE OIL

Sell below  101.30,TP 100.75…

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Added by Usman Ali on July 4, 2013 at 6:13am — No Comments

EUR/USD DAILY as of Thursday, 04 July, 2013

A Daily black body has formed (because prices closed lower than they opened).

For the past 10 Daily candlestick bars as of 04/07/2013, there are 4 white candles versus 6 black candles with a net of 2 black candles.

For the past 50 Daily candlestick bars as of 04/07/2013, there are 28 white candles versus 22 black candles with a net of 6 white candles.

MACD is currently BEARISH. The MACD is currently below the signal…

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Added by Martin Kay on July 4, 2013 at 5:59am — No Comments

EURUSD – Intraday Strategy (04 Jul 2013)

Recommendations: SHORT positions below  1.3038  with 1.2960 & 1.2920 as next targets.

Alternative scenario:The upside breakout of 1.3038 will call for a rebound to 1.3077/1.3135

Description: The pair trades below its resistance  at 1.3038, as long as this level holds,look for further downside losses towards 1.2960/1.2920 levels, a break below 1.2920 will target 1.2860 ahead of 1.2790 , a 30 min close above 1.3038 would delay the…

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Added by Haitham653 on July 4, 2013 at 5:44am — 3 Comments

Gold Daily forecast 04 07 13

Added by Naveed Anjum on July 4, 2013 at 5:25am — No Comments

EURUSD: Vulnerable Despite Recovery Attempts

Yesterday was the second try to bottom at 1.2922, after failing at 1.3058 last week, now pressure will be on the key resistance 1.3078, break of 1.3078 will open the way towards 1.3150, to neutralize the bearish threat , it needs a daily close above 1.3150, If seen,Intraday bias will turn bullish in short term and in medium term , it will turn from bearish to neutral,break of 1.3150 will open the way for retesting 1.3250/300 levels.

On the downside , a failure to hold above…

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Added by Haitham653 on July 4, 2013 at 5:22am — 1 Comment

EUR/USD & GOLD forecast 04.07.2013

We had a high volatility yesterday, but closed positive above 1.3000. However the EUR maintains the bearish tone, trying to find support at a tiny piece of a negative Ichimoku. Another test of 1.2950 is quite possible before the ECB rate decision. The most important for today will be the mr.Draghi speech. More significant moves i expect on Friday, because today US markets are closed. We need a daily close above 1.3100 to destroy the bearish outlook. Currently indicators on almost all time…

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Added by Vladimir Mihaylov on July 4, 2013 at 4:33am — 3 Comments

Asian session: Live market analysis -webinar

Dear All

I have given on 01st July the expected market moves in this week )1-05 July) along with the range of the levels the majors may show.

I will be reviewing the forecast and also explain what may happen during and after BOE,ECB rate decisions,ECB press conference and NFP of tomorrow during today's (04 July)  "Live Asian session: market analysis" webinar between 05:00-05:30 GMT.

looking forward to meet you all over there to make live interactive session,that may…

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Added by Dr. Sivaraman on July 4, 2013 at 3:48am — No Comments

Rabobank - EURJPY Taking a breather; EURGBP Going nowhere

Rabobank - "The last few weeks have also seen the EUR push to better levels vs. the JPY. The gains, however have been moderate and EUR/JPY remains well below the levels achieved in May. We remain of the view that the yen can weaken over the medium term. The BoJ in April launched an extremely accommodative monetary policy and this should feed into a softer currency. However, the recent pullback in risk appetite is not conducive to significant yen slippage given the currency’s safe haven…

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Added by Francesc Riverola on July 3, 2013 at 5:49pm — No Comments

Current Trading Positions EURUSD

Hi Folks,

These are the positions currently reported at FXstreet by our dedicated contributors. Highlighted is the area were most of the positions seem to cluster:

I've been expecting false breaks this week, staying on the side. But a strong retracement towards an area with liquidity…

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Added by Gonçalo Moreira on July 3, 2013 at 2:00pm — No Comments

$EURAUD- fifth wave?

Currently we are at 1.4292 after breaking out of the wedge.  We are looking for a continuation to the 1.4434 with the overall target around 1.4500.  The average daily true range (ATR) for the pair currently is 209 pips.…

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Added by Scott Barkley on July 3, 2013 at 12:57pm — No Comments

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