Better economic figures, higher OMX and lower interest difference helped the EUR/SEK.
Short term a better economy, but long term weak growth is expected.
1 month forecast 8.55…Continue
Added by Ron Schelling on July 2, 2013 at 6:30pm — No Comments
UBS expects to see EUR/USD at 1.2000 !!!
Analysts of UBS bank assume that target of EUR/USD for the end of 2013 is 1.2000 level.
The main reason is interest of global investors to American stock market.
If tendency of inflow in American stocks and bonds will continue then EUR will lose huge positions against USD.
It has to be mentioned that for the current moment currency pair is traded between…
Added by rajeeb saha on July 2, 2013 at 2:09pm — No Comments
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Currently we are at 0.9159 after breaking out of the bear flag. After the RBA announcement yesterday - we are looking for a continuation to the double bottom @0.9115 with the next target at the 1.270 Fibo @ 0.9054. The average daily true range (ATR) for the pair currently is 142 pips.…Continue
Added by Scott Barkley on July 2, 2013 at 1:00pm — No Comments
NAB - "We are short AUD/USD from 0.9210 but see declines as a multi-month process rather than an imminent collapse.
We open a fresh short position in AUD/NZD at 1.1813 initially targeting 1.15 in Q3 but lower still in Q4.
Our bias is to buy USD/JPY though the asset market reaction in the first data-heavy week of Q3 will be key to timing an entry point. Japanese Upper House elections on 21 July will soon come on to investors' radar screens.
Should tentative signs of…
Added by Francesc Riverola on July 2, 2013 at 12:00pm — No Comments
UBS - "EURUSD BEARISH With the MACD below its zero line, potential is for further downside. Immediate support is at 1.2985 ahead of 1.2797. Resistance is at 1.3150.
USDJPY NEUTRAL The pair is trading just below the strong resistance at 99.94. A closing break above this would be positive, opening 103.74. Support is at 99.18 ahead of 96.82.
GBPUSD NEUTRAL Weakness is held by the key support at 1.5183, which was tested on Friday. A closing break below this would a strong bearish…
Added by Francesc Riverola on July 2, 2013 at 11:43am — No Comments
Societé Generale - "The dollar is slightly stronger, RUB and AUD the notable ‘fallers' today. The markets are biding time ahead of the Riksbank tomorrow (no change), the UK MPC on Thursday (no change) the ECB on Thursday (dovish) and of course Friday's NFP data.
Most of our trade ideas can be summarised as: Stay long USD, short Treasuries vs Europe, keep away from EM (still)
Paying 2yr/2yr US dollars and receiving in Euros remains one of my favourite trades and has performed much…
Monthly: As shown on the monthly chart below , the pair is trapped inside a triangle, after topping at 1.3710 levels last Feb, the pair declined to 1.2745 levels affected by the bearish divergence of %R on monthly chart , then retraced to 1.3415 levels, and found a dynamic resistance , this scenario is bearish , a monthly close below 1.2954 - Jun law - will pave the way towards 1.2400/200 levels before the big rise towards 1.4200 levels..…Continue
ANZ - "As USD/JPY continues towards the secondary squeeze target of 100.00, the biggest concern is that this is not merely a sharp corrective squeeze, but could be an early resumption of JPY weakness and a push towards 105.00-106.00. Either way, dips should now be seen as a buying opportunity.
A dip below 99.10 could trigger some near term pullbacks to the 96.65-97.50 area (a buying opportunity) with stops raised to 96.00.
GBPUSD Although the…
Added by Francesc Riverola on July 2, 2013 at 10:20am — No Comments
EUR/USD started the new trading week on the right foot, posting gains against the dollar on Monday.EUR/USD was trading in the mid-1.3000 range in the European session. The week has started with some positive employment numbers out of the Eurozone. On Monday, the Eurozone Unemployment Rate dipped lower,…Continue
Added by Yohay Elam on July 2, 2013 at 9:27am — No Comments
US stocks reversed lower yesterday during Asian session which interestingly did not impact any other markets. Normally we would see a sell-off also on commodities and XXX/USD pairs as well, but maybe it will happen with a delay. On the S&P Futures we can see nice minor impulsive reversal lower, which we think it’s a first leg of a minimum three waves down. We expect to see fall to 1600 area in coming sessions.
S&P Futures 30min…
Added by Gregor Horvat on July 2, 2013 at 7:56am — No Comments
Recommendations: LONG positions above 1.3048 with 1.3100 & 1.3140 as next targets.
Alternative scenario:The downside breakout of 1.3048 will call for a slide to 1.3014/1.2984
Description: The pair has found multi support levels on the 1 hour chart, at 1.2984,1.2991,1.3014 and 1.3048 levels, stability above 1.3048 will keep pressure to the upside towards 1.3100/1.3145 levels, an hourly close below 1.3048 will…
Added by Haitham653 on July 2, 2013 at 7:46am — No Comments
No change on my previous posts, after topping at 103.73 levels, the pair is under pressure with risk to the downside, resistance is at 100.66 levels, rebound from 93.78 is likely to be contained by 100.66 levels where resumption of whole fall is suggested , note that rejection from 100.66 on weekly/daily is likely to retest 94.00 levels.
On the upside, break of 100.66 levels, would weaken the bearish view, If seen , it will pave the way towards 103.73, stability above 103.73 on a…
The GBPUSD continued to maintain its bearish momentum last week,topped at 1.5477, bottomed at 1.5165, and closed at 1.5205.
On the downside , the weekly close below 1.5368 , opens the way towards 1.5130 levels ahead of 1.4900 levels,break of 1.5165 will accelerate the bearish move towards 1.5130/1.4900 levels.
On the upside, resistance is at 1.5345, a daily close above this level will open the way towards 1.5477 levels, break of 1.5477 on a daily closing basis is likely…
Added by Haitham653 on July 2, 2013 at 6:56am — No Comments
Instrument Trend Recommendation 02-07-2013
EUR/USD Buy above 1.3055,TP1.3085/3100,SL1.3030 ,BOS1.3025
Sell below 1.5220,TP1.5170/50 ,SL1.5250 ,BOB1.5255
Buy near 1255,TP1265,SL1247,BOS1245
Buy above99.60,TP 100.15,SL99.35 BOS 98.30
Sell below 98,TP97.75,SL 98.40.,BOB 98.55
Momentum Bias is to the Down side as long as 1.3070 holds
On the upside, if 1.3070 gives way, BUY on DIPS - eu%20my%20intraday%20strategy%2002.07.2013%2C%20bias%20-%20bearish%20as%20long%20as%201.3070%20holds.png
Added by Abok Patrick on July 2, 2013 at 5:17am — No Comments
Upside seems blocked by the 1.3085 resistance, and also on H4 we are approaching a huge negative Ichimoku cloud, which is quite likely to push the price down again. Market is waiting for the 4th of July ECB interest rate decision, it is also interesting to note that 4th of July is a holiday in the USA and the markets will remain closed, so i think an interesting Friday is ahead. If we have the unchanged interest rate and no signs from mr.Draghi for further cutting till the end of this year…Continue