Added by 50Pips on October 30, 2012 at 8:00am — No Comments
Added by 50Pips on October 30, 2012 at 7:46am — No Comments
“To aggressively pursue opportunity and equally aggressively refrain from risk when opportunity is not present requires a highly developed Will. We train ourselves for our careers, and we train ourselves physically. Rarely, however, do we train the Will and cultivate our capacity to act with purpose and intent. Many a wise mentor has advised new traders to “trade well and the money will come.” Without a developed Will, however, there can be no consistent…Continue
Added by 50Pips on October 30, 2012 at 7:00am — No Comments
EUR has spent the beginning of the week in a tight range trade around 1.29 and is currently still there. Market is totally confised as there is too much uncertainty in the eurozone, and there is a hurricane over the Atlantic which is expected to make a lot of damage to the East coast. Today's econimic calendar is full of news from EU and i think that they will move the market, the bad news is that it will be another range trade - but in a wider range. 1.2880 capped yesterday's downmove as…Continue
GBPJPY: Pulls Back Off Recent Highs
GBPJPY – While GBPJPY may have turned lower following its recent rally, it continues to retain its broader upside bias in the medium term. As long as its rising trendline support presently at the 12568 level holds, we look for the cross to eventually return above the 129.62 level. Above here will call for a move higher towards the 130.84 level with a cut through here allowing for more upside towards the 131.80 level. Alternatively, support lies at…Continue
Added by fxtech on October 29, 2012 at 11:30pm — No Comments
Skynet was offline today, along with all human traders as hurricane Sandy forced US exchanges to close today. Regardless, a key support level in 13000 is coming under pressure for the Dow Jones. Although a decent sized pin bar formed Friday off this level, pressure remains on the major index, and should the key support fail, 12750 and 12500 will be under attack shortly after.
Bears currently have control so …Continue
Added by 2ndSkiesForex on October 29, 2012 at 10:12pm — No Comments
Westpac - "USD Index: Ranges should be tight ahead of US payrolls and the presidential election but overall we remain sellers of Dollar Index into 80.60/70.
AUD/USD: The upside surprise on CPI has injected extra doubt on the RBA’s decision next week, limiting downside on the pair to perhaps 1.0250, but most likely capped just above 1.0400 as global risk appetite should be wary.…
Added by Francesc Riverola on October 29, 2012 at 3:14pm — No Comments
HSBC - "RORO ‘risk-on – risk-off’ is the default paradigm under which to analyse market moves and has been since the crisis. However, it is the very strength of this paradigm which leads to such peculiar behaviour of the market with respect to the USD. If the fiscal cliff occurs, we expect that this will lead to a generic risk-off move. For equities and bonds the default risk-off behaviour makes sense. However, buying the USD on such news is an implausible reaction to the news. So one should…Continue
Added by Francesc Riverola on October 29, 2012 at 2:51pm — No Comments
Currently we are @ 0.9376 and sitting on the support-which is bullish for the pair. The expected move is up to the resistance zone in the 0.9414-0.9427 area. A break here suggests a move to 0.9467. The daily ATR (Average True Range) is 55 Pips.…Continue
Added by Scott Barkley on October 29, 2012 at 12:59pm — No Comments
Deutsche Bank - "For now, our G10 regional strategists retain their bullish euro and bearish sterling stances. Similarly, they like AUD against CAD and NZD (the latter particularly after the RBNZ governor’s first speech) so long as the Chinese data hold up. They anticipate a turn-up in the Swedish data and target 8.75-8.80 as the ideal zone to sell EUR/SEK. Finally, they reiterate our 82 year-end target in USD/JPY, but caution that the path to get there is unlikely to be straight."
Added by Francesc Riverola on October 29, 2012 at 12:49pm — No Comments
here is the link to ciew the recorded webinar explaining the expected market moves for the week.
Please remember to use the forecast as guiding factor and use the market reading technique to fine tune the reading - still we may go wrong ,so use the…Continue
Added by Dr. Sivaraman on October 29, 2012 at 11:31am — No Comments
The Flat idea I posted on October 22 is not looking good since the down leg in progress is not impulsive.
Instead of a Flat correction (from the September 17 high), price could be unfolding a contractive pattern (Triangle).
So far bears have not been able to inflict any…Continue
Added by ANDREA CALISSANO on October 29, 2012 at 11:23am — No Comments
UBS - "EURUSD NEUTRAL Important support lies at 1.2802, a break below would trigger deeper sell-off to 1.2741. Resistance is at 1.3023 ahead of 1.3084.
GBPUSD NEUTRAL Any setback appears to be limited and support lies at 1.6028 ahead of 1.5912. Resistance is at 1.6158 ahead of 1.6217."
Added by Francesc Riverola on October 29, 2012 at 10:56am — No Comments
Danske Bank - "GBP/CAD - contracting wedge expected to resolve higher
Buy at 1.5985 for an objective of 1.6725. Place stop at 1.5780.
EUR/PLN - a fresh medium-term down leg is favoured to start unfolding
Look to sell for a medium-term bear extension through 4.0255, towards the 3.8840/3.8220 region. Place a stop above 4.2170."
Added by Francesc Riverola on October 29, 2012 at 10:53am — No Comments
National Australia Bank - "IMM positioning for the week ended October 23 shows a sizeable reduction in the overall net speculative short USD position. This is mostly accounted for by a flip in JPY positioning from long to short in front of the October 30 BoJ meeting - positions which will have been hurt by Friday’s sharp fall in USD/JPY to back well below Y80.0
Against other G10 currencies, net USD speculative…
Added by Francesc Riverola on October 29, 2012 at 10:18am — No Comments
As shown on the daily chart below , the pair started falling after breaking below 1755 levels, but looks like it tries to find strong support around 38.2% retracement (1694) of (1527/1797) run , a break above 1730 would increase the risk towards 1754 levels, stability above 1754 on a daily closing basis would mean that rise from 1698 is resuming and target 1800 levels, however, if 1698 fails on a weekly closing basis, expect GOLD to weaken further towards 1630/20 levels..…Continue
Added by Haitham653 on October 29, 2012 at 10:00am — No Comments
Much to the chagrin of the Japanese Ministry of Finance and the Bank of Japan, the markets have taken an aversion to the data released over the past few days and risk is back off the table.
Having had a brief look at life above 80.00 and 104 we now see the JPY strengthening. It will be some time before the Japanese authorities considering intervention but tactically they may have missed an opportunity while the market was looking at a weakening JPY.
The Euro has…Continue
Added by 50Pips on October 29, 2012 at 8:00am — No Comments
29th oct -02nd Nov - this week shows the month of october gets over and the start of the new month.During such weeks the market is known to show very volatile moves and ideal for quick swing trades and may not be suitable for position trade.
aslo in this week day light saving system is off in Europe and UK.So there is change in the timings to be followed
Japanese session: 00:30 -07:30 GMT
gap time : 07:30-08:00…Continue
“We keep our cool when others don’t. The point is, market adapt. People adapt. Don’t listen to all the crap out there.”
- David Tepper
Added by 50Pips on October 29, 2012 at 6:30am — No Comments