Societé Generale - "If I thought that we were in for calmer times across markets, I would be very, very sorely tempted to come over all yen bearish again, right here and right now. Was $/Y 95 the low for a mini-cycle? The BOJ meeting tomorrow is one of several highlights this week (the German Constitutional Court on Wednesday, Australian employment data Thursday and US retail sales and industrial production data later in the week are others). I doubt they will do much, since the overall…Continue
Added by Francesc Riverola on June 10, 2013 at 8:24am — No Comments
Since mid April I've been suggesting that gold is weak, and perhaps even more so since last Friday's price action. The reason is simple. The initial rally failed to breach resistance in the $1480 per ounce area thereby creating a strong barrier to any move higher. In the last few weeks we now have a second,…Continue
Added by Anna Coulling on June 10, 2013 at 7:29am — No Comments
Added by Carol Harmer on June 10, 2013 at 7:13am — No Comments
NFP took Gold Short as USD retained strength against Metals despite mixed data. Currently Gold are resting in Support Zone ( 1382.58 - 1378.96), break of these support zone may see Gold
going further short and retesting recent Lows at 1360 and 1345. With current momentum Gold remain under-Pressure if current support break , another sharp dip is on the cards otherwise expect a slow rise to upwards.
For Intraday Traders, Upon break of current…
Added by Sardar Uddin on June 10, 2013 at 7:05am — No Comments
On Friday we saw some EUR/USD spikes and nose dives below 1.3224. As today is the new week with less important news, I don't think we will be going further north. It seems that selling the price from 1.3184 (in case of a breakout) with stops above 1.3231 can be a good idea to make some pips. Right now I am still buying the price from 1.3200 level, but with such vague movement, I don't think we can make it back to 1.3299 and higher. My profit targets of long positions are set at 1.3228 and…Continue
Instrument Trend Recommendation 10-6-2013
Sell below 1.3225TP1.3175/50,SL1.3255 BOB 1.3275
Sell below,1.5540 TP1.5475/50 ,SL1.5575 ,BOB1.5585
GOLD Sell below 1385 TP1377/72,SL1390 ,BOB1395
Buy above 97.90,TP98.50/90,SL97.60.BOS 97.50
Sell below 96.20,TP95.50/95 ,SL96.50 BOB 96.60
Sell below 21.70,TP 21.50,SL21.80,BOB 21.90
Added by Usman Ali on June 10, 2013 at 6:07am — No Comments
Added by Carol Harmer on June 10, 2013 at 5:43am — No Comments
After reaching 1.3305 on Thursday the EUR was unable to record a new high, even it didn't give a try to, some partly profit taking took part on Friday. If we manage today to stay above 1.3200 and to test 1.3250-80 again it is possible to make a flag formation which will open the way above 1.3300 level but i doubt that this scenario has a future. On Daily the nearest support is below 1.3100 and breaking below 1.3200 will increase bearish pressure to 1.3100 and even below. However 1.3050-60 is…Continue
Added by Vladimir Mihaylov on June 10, 2013 at 4:27am — No Comments
The pound rocketed higher, gaining 350 points against the US dollar. GBP/USD closed at 1.56784. This week’s major events include Manufacturing Production and Claimant Count Change. Here is an outlook of the events and an updated technical analysis for GBP/USD.
British economic data looked good last week, as all three PMIs beat their estimates, and all were above…Continue
Added by Yohay Elam on June 9, 2013 at 4:47pm — No Comments
Last week, there was lot of excitement amongst investors due to monetary policy announcement by Australian (RBA), European (ECB) and Britain’s Central Bank (BoE). Nothing very extraordinary happened, as all three Central Banks showed their concern about economic recovery, but all opted for hold.
ECB President Mario Draghi, as always tried to give sweetener is his talk to the press about recent improving economic conditions in the Euro-zones, though…
Added by asad rizvi on June 9, 2013 at 1:25pm — No Comments
hello.i want to shows interesting orders for this week..GBPUSD...sell limit 1.5685 sl 1.5690 tp 1.5660-1.5655-1.5615...sell limit 1.5700/04 sl 1.5710 tp 1.5685-1.5660...sell limit 1.5770 sl 1.5795 tp 1.5750-1.5705...sell limit 1.5788(61.8%fib)..sl 1.5803 tp 1.5760-1.5705-1.5685-1.5605...EURUSD:sell limit 1.3285 sl 1.3310 tp 1.3250...sell limit 1.3305 sl 1.3310 tp 1.3285-1.32450...sell limit 1.3340 sl 1.3355 tp 1.3305-1.3285-1.3245..buy limit 1.3115 sl 1.3100 tp 1.3165/70..gold looks on cable…Continue
Added by gregorian on June 9, 2013 at 12:57pm — No Comments
Added by Romano on June 9, 2013 at 11:56am — No Comments
On May 7th the interest rate was cut by the RBA from 3.0% to 2.75% and that immediately brought a steep fall for the Australian Dollar. The following daily chart of AUD/USD shows the price action and fall since that day.
Added by Himanshu Jain on June 9, 2013 at 11:02am — No Comments
Important points and notes:
1- These levels are strong support and resistance levels on short term , the market usually respects those levels strongly.
2- I highly recommend using divergences techniques, to find possible turning point…Continue
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