Central Bank President Mario said that the central bank’s monetary policy will “remain accommodative as long as needed”.
He added that rates will stay low for an “extended period of time.” Draghi’s comments came after the ECB held its benchmark interest rate at a record low 0.50% in July, in line with expectations. Goldman Sachs said the ECB "is more likely than not to ease further from here."
Due to important news, Non-Form Employment Change and Unemployment…
Dear Trader. Good morning all!
This is my Prediction for today July, 5:
EJ can go up to 129.75 ,129.95 then down again. EU still in downtrend, but from now, it can go to 1.3015. UJ can go to 100.70, 100.95 before drop again , but i prefer for short today. AU can come back 0.9050, 0.9215 is key for up from now 0.9141. GU will buy near 1.5010. UCA will test 1.0533 as a key for up!(im not trade UCA today), UCHF prefer for short, near 0,9585 , TP near 0.9435. Gold can go to 1253 test key…
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:
Added by Ron Schelling on July 4, 2013 at 6:52pm — No Comments
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…Continue
Added by Haitham653 on July 4, 2013 at 4:22pm — No Comments
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…
Added by Francesc Riverola on July 4, 2013 at 3:10pm — No Comments
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…
Added by Francesc Riverola on July 4, 2013 at 10:23am — No Comments
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…
Added by Francesc Riverola on July 4, 2013 at 9:56am — No Comments
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…Continue
Added by Yohay Elam on July 4, 2013 at 9:29am — No Comments
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…Continue
Added by Gregor Horvat on July 4, 2013 at 8:30am — No Comments
Added by Carol Harmer on July 4, 2013 at 7:18am — No Comments
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
Buy above 1.2990,TP1.3050/70,SL1.2960 ,BOS1.2950
Buy above 15250,TP1.5303/40 ,SL1.5220 ,BOS1.5210
Sell below 100,TP 99.30,SL100.25 BOB 100.30
Sell below 101.30,TP 100.75…
Added by Usman Ali on July 4, 2013 at 6:13am — No Comments
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…Continue
Added by Martin Kay on July 4, 2013 at 5:59am — No Comments
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…