Goldman Sachs -…
Added by Francesc Riverola on January 28, 2013 at 10:55am — No Comments
Rabobank - "Our medium-term target for EUR/USD has stood at 1.3500 for some time. As long as risk appetite holds we continue to expect the EUR to remain well supported and the USD to remain on the back foot suggesting there is scope for an upward revision to our forecast. That said, we continue to warn that there is scope for pullbacks. In the year as a whole we expect the Eurozone to be unable to produce any growth at all. While there is plenty of opportunity for economic data to provide…Continue
Added by Francesc Riverola on January 28, 2013 at 10:42am — No Comments
Despite a steep drop coming into the New York session, the USDCHF currency pair is forecast to make a rebound in later trades on upcoming economic data from the world’s largest economy. Orders for durable goods probably climbed in December, showing that the nation’s manufacturing sector saw some stability towards the end of the year after a mid-year slump.
The US dollar fell opposite the Swiss franc by 31 pips on a temporary halt to the rally in the European stock markets. This led…
Added by Aviv Shapiro on January 28, 2013 at 10:40am — No Comments
Recommendation: LONG positions above 1.3424 with 1.3485 & 1.3520 as next targets.
Alternative scenario: The downside breakout of 1.3424 will open the way to 1.3380/1.3350.
Comment: The pair's already found support at 1.3424, above this level will push the pair higher towards 1.3500 levels, below this level will reverse risks to the downside to 1.3380/1.3350.…
EUR/USD has edged lower as we begin a new trading week, and was trading in the mid-1.34 range. The euro enjoyed an excellent week, gaining over a cent against the US dollar. Eurozone M3 Money Supply was a disappointment, dropping to a three-month low. In the US, there are two major releases on Monday – Core Durable Goods Orders and Pending Home Sales.
Added by Yohay Elam on January 28, 2013 at 9:44am — No Comments
USD has been trading higher against its rivals during the Asian trading hours. AUD, GBP and CAD are still one of the weakest while JPY is trying to find some support for the near-term. Larger picture of the markets remains unchanged but still very messy.
Below we have an overlay chart between some major FX currencies compared to S&P Futures and Crude Oil. We can see a strong negative correlation between FX pairs where only the EUR is moving higher in-line with risk-on assets,…
Added by Gregor Horvat on January 28, 2013 at 9:43am — No Comments
BBH - "We had been persuaded by the potential double top in the euro near $1.34 and the divergence in the RSI that the dollar's gains were likely to broaden. However, news that the banks repayment of the LTRO funds was greater than expected, and the backing up of Euribor rates, pushed the euro through the ceiling. The next immediate target is near $1.35, which also corresponds with a 50% retracement of the euro's decline from its last attempt at $1.50 back in May 2011. The $1.3400 area…Continue
Added by Francesc Riverola on January 28, 2013 at 9:31am — No Comments
Royal Bank of Scotland - "The IMM futures market suggests that the market remains significantly long USD/JPY, but it has tended to take profit for the last six weeks in a row after reaching its record short JPY position back on 4-Dec. The profit-taking reflects the rapid fall in the JPY and the sense of many that it was due a correction or would not be sustained as Japan policy makers failed to follow through with their rhetoric. That sentiment appears to be fading and the strong rally in…Continue
Added by Francesc Riverola on January 28, 2013 at 9:26am — No Comments
I have explained the expected market moves for today (28th jan) and for the week 28 Jan -01 Feb. during the webinar .The recording of the webinar is available in the given below link:
We could come accross more volatile moves with upward bias in…Continue
Added by Dr. Sivaraman on January 28, 2013 at 9:00am — No Comments
Weekly technical indicators point at further depreciation of Kiwi while the previous candlesticks structures send sell signals suggesting potential bearish correction.
Added by Honey Bhai on January 28, 2013 at 8:30am — No Comments
Added by Naveed Anjum on January 28, 2013 at 8:15am — No Comments
Added by Sardar Uddin on January 28, 2013 at 7:01am — No Comments
Added by Carol Harmer on January 28, 2013 at 6:21am — No Comments