All Blog Posts (19,662)

EUR/USD Cautiously High After the ECB,Before the NFP

EUR/USD posted sharp gains in Thursday’s session, gaining over a cent and pushing past the 1.31 level. The markets reacted favorably to the ECB decision to hold interest rates at 0.75%, as well as positive comments from ECB head Mario Draghi. In the US, Employment Claims looked sharp, and the markets will be hoping for a repeat performance on Friday as the US releases Non-Farm Employment Change…

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Added by Yohay Elam on March 8, 2013 at 9:41am — No Comments

EURUSD: Corrective Bounce

EURUSD reversed higher yesterday in impulsive fashion and probably completed a five wave decline in blue wave (1) around 1.2960. As such, we are now expecting a minimum three wave rise because that's a structure of a corrective movement. Ideally we will see a simple A)-B)-C) pull-back in wave (2) back to 1.3300/20 level.…

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Added by Gregor Horvat on March 8, 2013 at 8:54am — No Comments

UBS - USDCHF The Currency Market's True Compass

UBS - "Traditionally, the dollar's moves against the euro and yen gain the most attention. But investors who share our view that the greenback will rally broadly this year should track the dollar's value against the Swiss franc.

(...) This year we expect the dollar to appreciate to 1.20 against the euro, 100 against the yen and 1.41 against the pound. The US economy is outperforming its peers.

(...) investors should keep a close eye on USDCHF as the currency market's true compass. As…

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Added by Francesc Riverola on March 8, 2013 at 8:35am — No Comments

Societe Generale - Focus is on US payrolls. ADP and Weekly Claims figures point to an above-consensus gain

Societé Generale - "With all due respect to industrial production data in Sweden and Germany, and to Swiss CPI, the focus is on US payrolls. ADP and the weekly claims figures point to an above-consensus gain. And the ISM employment indices suggest the data could be excellent. SG's forecast is at the top end of the range. This should be dollar supportive. I'm going high in the office sweep and I hope to persuade everyone else that possibility of good data has bene over-hyped, and the smart…

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Added by Francesc Riverola on March 8, 2013 at 8:24am — No Comments

OIL Daily Forecast 08 03 13

Added by Naveed Anjum on March 8, 2013 at 8:17am — No Comments

Silver Daily Forecast 08 03 13

Added by Naveed Anjum on March 8, 2013 at 8:14am — No Comments

Gold daily Forecast 08 03 13

Added by Naveed Anjum on March 8, 2013 at 8:12am — No Comments

EURUSD forecast for 8/3/2013

Today's forecast will be like a groundhog  day or let's try to sound more frenchy, like a deja vu. History always does matter so I'll share a  screenshot from March 9, 2012 and see if history repeats. Previous day March 8, 2012 EURUSD went from 1.3140 to 1.3290 then on next day from 1.3280 Asian high to 1.3100 in mid American session. On same day were  NFP's forecast 209K, actual 227K. Today expectation are 160K, but with 198K ADP and 340K Unemployment Claims (mid 350K)…

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Added by Georgi Vukov on March 8, 2013 at 7:21am — 2 Comments

EU = my view for FRY DAY

Added by anil chauhan on March 8, 2013 at 7:01am — No Comments

Spike trading and example of how you can trade your way out of a bad situation even if the broker sabotage you, that cost me 22.5 pips

 

 

Thanks to Jasmine, I have seen some of GBU / USD lately .. I trade normally Eur / Usd ..



I registered a lovely spike and thought to trade, it unfortunately I had not done my homework .. I missed a distinct S-line I registered it a bit after I had taken my ENTRY , but I decided to take the pain and try to trade me out of the situation.

I'd expected the price would go over to the range, where it will test the top of the spike go a bit sideways and then test…

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Added by pandora on March 8, 2013 at 6:57am — No Comments

EURUSD - Intraday Strategy (08 Mar 2013)

Recommendations: Long positions above 1.3070 with 1.3140 & 1.3185 as next targets.

Alternative scenario: The downside breakout of 1.3070 will call for a rebound to 1.3040/1.3010.

Description: The pair rebounded strongly yesterday after forming double bottom pattern at 1.2965, Intraday bias is neutral with bullish bias,however, the pair needs to clear 1.3116 to resume its bullish move towards 1.3185…

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Added by Haitham653 on March 8, 2013 at 6:56am — 17 Comments

EUR/USD & GOLD forecast 08.03.2013

EUR jumped up higher after unsuccessful attempt to break the 1.2960-1.3000 support zone. It has formed a flag and yesterday's close above 1.3080 has put the EUR in a recovery mode. The recovery may continue as long as the price is above 1.3060, next target is the resstance area 1.3165-75 and above that 1.3220-1.3250. I expect somewhere ahead of 1.3300 to start the next leg down of course if 1.3175 is sucessfully broken - this is the necessary condition. We have the Ichimoku border on Weekly…

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Added by Vladimir Mihaylov on March 8, 2013 at 6:00am — 8 Comments

GOLD AND SILVER TRADING LEVELS 08/03/2013

TRADING LEVELS
GOLD
H-1578-L-1575.20
BUY-1577/1575.50-SELL-1577.70
BUY>1578-SELL<1575

TRADING LEVELS
SILVER
H-29.12-L-28.66
BUY-28.76/28.73/28.70/28.67-SELL-28.82/28.86/28.91/28.95/28.99/29.03/29.08
BUY>29.12-SELL<28.66

Added by Muthusamy on March 8, 2013 at 5:41am — No Comments

Eurodollar holds the line at 1.30

Following today's ECB rate decision and press conference recent slide in eurodollar has come to a halt (at least for the time being!)
Weekly chart illustrates good support at 1.30 confirming Angela Merkel's comments last month "...... euro rates between $1.30 to $1.40 are normal from an historical…
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Added by Anna Coulling on March 7, 2013 at 8:42pm — No Comments

RSI +% R in one window. Please comment on?

Added by Pavel Georgiev on March 7, 2013 at 5:39pm — No Comments

Westpac - AUD/USD Losses to not go further than the recent 1.0115 low; NZD/USD We see upside beyond 0.8600 in 2013

Westpac - "AUD Bias: The global appetite for USD despite aggressive Fed QE and a sluggish US economy makes it tough for AUD/ USD to break above 1.0380. Key commodity prices also remain unimpressive regardless of China property scares. The domestic story is mixed, not soft enough for the RBA to deliver on its easing threat but enough for markets to keep leaning towards at least one more cash rate cut. But underlying demand for risk assets is persistent (MS Asia-Pac shares at…

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Added by Francesc Riverola on March 7, 2013 at 5:00pm — No Comments

TD Securities - TD View: Position for long term USD gains. Buy short term dips.

TD Securities - "The TD View: Trading Vias:

US: Position for long term USD gains. Buy short term dips.

Canada: Look to sell CAD rallies.

Europe: Sell EUR rallies below 1.3250.

Asia/Pacific: Both AUD and NZD are sagging below our mid-year targets but yield-seeking will prevail again

LatAm: We like short BRLMXN, targetting 6.34, or 6.16 if central bank comments support a sharp adjustment in rate expectations.

EMEA: We like short EUR/PLN, targetting 4.07. USD/RUB cheap…

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Added by Francesc Riverola on March 7, 2013 at 5:00pm — No Comments

Nasdaq Retains H&S Pattern....2810 Is The Key Break Point

Added by Carol Harmer on March 7, 2013 at 4:09pm — No Comments

HSBC - USD: Heads I win, tails you lose

HSBC - "The dollar has risen materially on an index basis since the end of January and is higher against all other G10 currencies. While many would probably dismiss this move as reflecting no more than the effect of the negative stories that have afflicted the euro, the yen and sterling, there is a growing risk that its rally could be extended. A significant surprise in Friday’s payrolls, either positive or negative, could both see the dollar rise.

US activity data have been generating…

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Added by Francesc Riverola on March 7, 2013 at 2:13pm — 1 Comment

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