From BullionVault 7 June 2013 GOLD and silver prices whipped sharply Friday lunchtime in London, as new US jobs data matched analyst forecasts with a 175,000 rise in Non-Farm Payrolls for May and a slight rise in the jobless rate to 7.6%. Having touched 1-week highs above $1419 per ounce on Thursday, gold fell back through $1400 Friday as European stock markets erased earlier losses. Silver lost and then regained 30¢ per ounce before falling again through $22.40, also near this week's lowest…Continue
Added by anita88 on June 9, 2013 at 3:44am — No Comments
EUR/USD moved higher in a turbulent week, riding on dollar weakness and on a calming message from Draghi. Industrial production, ECB Monthly Bulletin and Inflation data are the major events this week. Here is an outlook on the main events ahead and an updated technical analysis for EUR/USD.
Mario Draghi said …Continue
Added by Yohay Elam on June 8, 2013 at 11:21pm — No Comments
Yesterday during NFP release I decided to trade CADJPY instead of looking for trades on EU. CAD had had fantastic data released and JPY was weak as shown by price action on other JPY crosses, so this pairing made for an ideal long trade. CADJPY gained over 270 pips and best of all in a very smooth and consistent rise, During this time I was also pulling Peter's leg about (my so called-his obsession with trading EURUSD). EU made some moves too but rather inconsistent and weak by…Continue
Added by Oasis on June 8, 2013 at 11:00pm — No Comments
The GBPUSD maintained a bullish momentum last week after topping at 1.5683, now pressure will be on the key resistance 1.5683. The GBPUSD will have to hold above the 1.5683 levels on a weekly closing basis to push the market for further upside gains,If seen ; expect the market to strengthen further towards the 1.5915 levels ahead of the 1.6215 levels, where a breach will turn focus on the 1.6540 levels.
On the downside, support is at 1.5191 ahead of the 1.5007 levels, then…Continue
Added by Haitham653 on June 8, 2013 at 10:13pm — No Comments
Added by Ron Schelling on June 8, 2013 at 9:00pm — No Comments
Ranking the major currency pairs and crossrates.
Click on the table for more.Continue
Added by Ron Schelling on June 8, 2013 at 9:00pm — No Comments
Plenty of emotion here today, so let's not speak about charts. I realized that we have all somehow become a part of each others lives. Even though there may not be a face to a (screen) name, we still have a connection. The thought of the name of a person does carry it with an association to something like colorful charts/statistics/ichimoku or whatever. We all probably made some kind of impact on each other - it might even be something negative but this faceless contact has linked…Continue
Added by Oasis on June 8, 2013 at 7:31pm — No Comments
What Forex Target Traders See: We are currently sitting @ 1.3219 after a bounce on the day chart trend wall. We are in a big wedge which means we could break either way. A break up of the 1.3341 ( .382 Fibo) signals a bullish market and the target would be the 1.3637 R8 Resistance. A failure to break indicates that the down trend is still in place and we will look for the move to the day chart bottom @ 1.2752. Wait for a clear signal. The average daily true…Continue
Added by Scott Barkley on June 8, 2013 at 2:53pm — No Comments
USDCHF – Having closed lower for a third consecutive week, there is risk of further weakness in the new week. The immediate challenge is for USDCHF to overcome its support located at the 0.9225/05 levels. Further down, support stands at the 0.9150 level where a violation will expose the 0.9100 level. Its weekly RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 0.9400 level where a breach will target the 0.9450 level and then the 0.9566 level.…Continue
Added by fxtech on June 8, 2013 at 12:30pm — No Comments
The EURUSD maintained a bullish momentum last week after topping at 1.3305, now pressure will be on the key resistance 1.3305. The EURUSD will have to hold above the 1.3305 levels on a weekly closing basis to push the market for further upside gains,If seen ; expect the market to strengthen further towards the 1.3450 levels ahead of the 1.3650 levels, where a breach will turn focus on the 1.3860 levels.
On the downside, support is at 1.2955 ahead of the 1.2745 levels, a…Continue
Added by Haitham653 on June 8, 2013 at 8:20am — No Comments
Deutsche Bank - "Next week will be quiet data wise and markets may use the opportunity to begin their summer hibernation.
However, US data is still central given the debate over Fed tapering and Thursday’s retail sales number will take prominence. The China data dump over the weekend and Tuesday’s BoJ meeting will be the other highlights.
On the wider docket we get the RBNZ meeting Wednesday. No further action is anticipated. Concerns over the overvalued currency should have been…
Added by Francesc Riverola on June 7, 2013 at 6:04pm — No Comments
Rabobank - "The June Bank of England policy meeting was never likely to be a game changer for sterling. That said, the UK economy has entered into an interesting phase. Finally there are sufficient signs of improvement in data releases to indicate that the country may be entering into a nascent economic recovery. The slightly better tone of economic data will be a relief to Governor King who retires at the end of the month after a difficult tenure. However, King has still left plenty of work…Continue
Added by Francesc Riverola on June 7, 2013 at 5:51pm — No Comments
Danske Bank - "CHF/JPY - buy into dips or on a topside break for 110.00 and above
Buy on a topside break at 106.10/85 for 108.40 and 110.00. Alternatively, buy into a corrective dip towards 100.20 with a stop under 97.45/95.
Cash gold - the 1.5-year top signals further medium-term losses
Kook to sell into corrective strength towards the 1521.95/1527.00 area for a medium-term decline towards 1156.90/1145.75. Place a stop above 1616.35"
Added by Francesc Riverola on June 7, 2013 at 1:57pm — No Comments
I am extraordinary happy and proud to announce that after the successful launch of the FXstreet.com Forex Group Meetup in Barcelona, we are excited to launch further events in London and New York in September 2013.
Currently we are at 1.0198 and sitting on the S4 after taking out the 0.618 Fibo. The target is the 1.0100 which is the .786 Fibo. The big target is the S5 at the 1.0454. The ATR (Average True Range) for the pair currently is 122 pips.…Continue
Added by Scott Barkley on June 7, 2013 at 1:03pm — No Comments
Societé Generale - "Conviction views: the EM sell-off goes on. AUD, CAD, are still a sell. EUR/GBP remains a decent short. Paying 2yr/2yr US vs Europe will remain a core view. For all the market reaction to Draghi, I think the chances of -ive deposit rates in Europe have gone up: he clearly left that door open.
Planning ahead, I want to receive in European rates and buy Gilts relative to Treasuries long before selling EUR/USD. And we are having a flushout in yen shorts that will be an…
Added by Francesc Riverola on June 7, 2013 at 12:00pm — No Comments
HSBC - "Risk on – risk off no longer has a grip on the FX market, either in terms of G10 or emerging markets. Instead, currencies are now able to behave independent of the fickle vagaries of RORO, allowing them to reassert their distinctiveness from other asset markets in many instances. Part of the explanation for this welcome fading of the link between currencies and RORO is the intensifying global currency war, as markets accept they cannot fight central bank appetite for a weaker…Continue
Added by Francesc Riverola on June 7, 2013 at 9:43am — No Comments
Bank of America Merrill Lynch - "The “most important payroll release in years” this Friday has followed:
The 7th worst monthly return for global government bonds since 1985, and
The largest week of bond fund redemptions since October 2008.
The High Liquidity-Low Growth regime of 2008-12 has been maximum bullish for fixed income, and in our view May reflected concerns of a regime shift in 2013.
Our economists expect a 150K increase in May non-farm payrolls, a tad below the…
Added by Francesc Riverola on June 7, 2013 at 8:57am — No Comments
EUR/USD shot higher on Thursday, gaining about 150 points on Thursday. The ECB opted to maintain the current benchmark interest rate at 0.50% and deposit rates at 0%. However, the pair got a boost from optimistic comments from ECB head Mario Draghi about Eurozone growth in 2014. In economic news, German Factory Orders looked weak, hitting a seven-month low. In the US, Unemployment Claims bounced…Continue
Instrument Trend Recommendation 7-6-2013
Sell below 1.3275,TP1.3225,SL1.3300 BOB 1.3305
Sell below,1.5610 TP1.5550 ,SL1.5630 ,BOB1.5635
GOLD Sell below 1415TP1400,SL1420 ,BOB1425
Buy above 96.60,TP97.20,SL96.30.BOS 96.20
Buy above 94.62,TP95.30/50 ,SL94.40 BOS 94.30
Close all the trades before 4pm du to important news. US Non-Farm Employment Change and US Unemployment Rate at 5.30pm
Added by Usman Ali on June 7, 2013 at 7:06am — No Comments