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GMT 7:20-GOLD $ 1623...Gold is likley to make more gains could hit $1635, should hold $1614
Euro alarm bells have started ringing and we may be heading for the next series of down move. Yesterday German bond auction was a bit disappointment. Spain once again in the lead story as its banking sector may be in urgent need of Euro 50 billion to meet capital requirement. So Spain could…Continue
Added by asad rizvi on January 5, 2012 at 3:00am — No Comments
So I trade. In this crowd, that statement gets a big fat "meh". But out there in the bigger world, that statement often meets with some fascination, and stories of uncle so and so who blew $30k trying out E-Trade. People out there have many questions about what we do, and how can we answer them? The media is full of info of the markets, but with little guidance of how to process that info into a good decision. People lose a lot of money because the don't know what they are doing. Because we…Continue
the daily trend is generally down. the 4 hr has retraced and after a bit of consolidation it has formed an inside bar inside an inside bar. i will enter on a break down of the second mother bar. i thought about entering on a break of the first mother bar but i didn t like the risk. i didnt want to move my stop down since the location just above the s/r makes sense to me so i move the entry up. the target is at the support level around 2:1 r:r. this trade entry is very similar to my last 2…Continue
Hello traders! Nice to meet you here in 2012, I hope your NY celebration was great.
During the first trading sessions of a new year, EURUSD showed some strength, going back up to 1.308 level. That was pretty close to a critical level 1.312 - if the pair manages to break higher, that would indicate finish of short-term bearish move for me.
Well, after two attempts to get through resistance line around 1.308 EURUSD made an impressive leg down 180 pips. Instrument broke support…Continue
Added by Rao Khassan on January 4, 2012 at 8:48pm — No Comments
XAU/USD 2012 Overview
Hello everyone and happy new year, this is my report for AXU/USD for 2012 hope you’ll find it useful and help you in trading!
First of all, I’d like to start with the yearly chart posted below!
Why I so often miss all the party? Grgrgrgrgrrr .. I just get back in front of my PC and see the 170 pips down move on EurUsd pair. I think it's pointless to say that I didn't get any pips of this move. But I got my -30 pips yesterday in a too early short. The only consolation are my two short trades on a demo account and some 3% increase on the balance. I'm currently long (on demo) from 1.2916.
Let's put a 15m chart first:…Continue
Five emerging market FX trades for 2012
Tom Osborn at Financial News
Emerging market currencies will offer a better return than developed market FX investments this year, Societe Generale said in its global research outlook for 2012 today.
Latin American currencies in particular are set to appreciate against the dollar, the French bank’s…
Added by Francesc Riverola on January 4, 2012 at 2:44pm — No Comments
Narrative for 0403251 - CURRENSEE INC
On December 23, 2011, NFA issued a Complaint charging Currensee with failing to implement an AML program.
Currently the cross is @ 99.45. Lots of bearish activity but below the 99.32 has nothing but Fib targets to shoot for. We have not been in this price range since 2001! Next Target after the break of the 0.786 fibo is the 1.270 Fib @ 98.48 with the 1.618 target at 97.87.…Continue
Added by Scott Barkley on January 4, 2012 at 2:01pm — No Comments
Euro dollar made a big move downwards, losing the New Year optimism and refocusing on new worries from Spain and Italy. Recession seems more and more real. The pair reached the pivotal line. Will it stop here? The move higher seems indeed like short covering. The first sign for the US Non-Farm Payrolls was very positive.
Here’s an update on technicals, fundamentals and what’s going…Continue
Added by Yohay Elam on January 4, 2012 at 1:45pm — No Comments
Euro @ 1.2955 So it was another perfect call Euro exhausting around 1.3080 an hiting target 1.2945. Now should find support around 1.2925 zones for a bounce back to 1.2980 or 1.3020.
GBP @ 1.5595 has good support around 1.5570, but will make a comeback to hit1.5610 or…Continue
Added by asad rizvi on January 4, 2012 at 1:36pm — No Comments
Markets were little changed during the Asian session with no major headlines to guide traders and this was combined with a relatively directionless meeting statement from the latest G10 Summit. Japanese markets were open for the first time since the holidays but trading volumes were still thin and the result was a lackluster market session.
The most important release came during the US session, as the FOMC minutes from the last monetary policy meeting in December showed that there is…Continue
Added by Henry Daniels on January 4, 2012 at 12:41pm — No Comments
Oil prices had many twists and turns during 2011 but in the end, oil prices finished the year moderately above their initial price level from the beginning of the year: WTI inclined by 7.9% and Brent rose by 12.27%. Let's shortly examine the oil market in 2011 and try to provide and outlook for crude oil prices in 2012.
Added by Lior Cohen on January 4, 2012 at 11:44am — No Comments
Gold and silver started the first trading day of 2012 with very sharp gains. These gains were not only in commodities markets, but also in the American stock markets. It seems that the recent positive reports on the growth in the manufacturing sectors in the U.S. and China helped push up the financial markets. The January effect may have also played a role in this rally. Today, the Euro Area Annual Inflation report will be published, U.S. Factory Orders and the Australian Trade Balance…Continue
Added by Lior Cohen on January 4, 2012 at 11:43am — No Comments
If the price can close higher to 3100 and esp above 3135-40 suspecting the bull run to continue eventually upto at-least around 3410 or close.
Added by Tahir Khan on January 4, 2012 at 8:26am — No Comments
Added by Tahir Khan on January 4, 2012 at 8:25am — No Comments
3010-14 supp for EU session and extended comes around 2970 which is a better one.
If 3010-14 supps looking for a 3135 as initial tgt extended to 3175.
3135 if getting tested and fails there would be the ideal spot to set shorts for a deeper drop as it is the confirmation lvl of 3095-3100 resis ( a breakout lvl)…Continue
Added by Tahir Khan on January 4, 2012 at 7:32am — No Comments
The DXY(Dollar Index) divergence that we mentioned last week, heralding possible US$ weakness has worked very well, as the attached chart shows and it has come to rest at the important 79.60 support. The Indicators on most charts are pointing to the possibility of further US$ weakness in sessions ahead although for the time being the hourly charts are oversold (ie overbought Aud/Usd, Nzd/Usd + Eur/Usd in particular) and are currently in the process of unwinding. While risk sentiment remains…Continue
Added by FX Charts: www.fxcharts.com.au on January 3, 2012 at 10:42pm — No Comments
As the markets have started to wake up, we are back with our first report of the New Year. To learn more, visit the link Price Action Trade Signals and Setups Jan. 3rd.
Also keep an eye out as we have several articles in the pipeline which you will enjoy.
Added by 2ndSkiesForex on January 3, 2012 at 10:35pm — No Comments