Brown Brothers Harriman - "The dollar is mixed against the majors heading into the US holiday weekend. The euro firmed a bit after the stronger than expected German IFO confidence reading, but has been unable so far to breach the $1.30 area. The Swiss franc and the yen are up on the day as well, while the dollar bloc is underperforming and lower on the day. EM currencies are mostly firmer, but remain largely within recent ranges.
(...) The euro has bumped up against the week's high near…
Added by Francesc Riverola on May 24, 2013 at 11:05am — No Comments
Fxstreet messed up with GBP mortgage approval!!!
My luck is that y had another fx site with the real data. At first I was like: wtf?? Fxstreet is 33.2 but the other is 32.2. Than i moved over to another sit e and saw the 32.2 again. The thing is in the moment I saw the 33.2 in the Fxstreet y immediately bought EUR/USD! Than, I kept on refreshing the page to see if it was possible that they had already sorted things out. I opened the Bankofengland site and read the speech for my self…Continue
Added by Francesc Riverola on May 24, 2013 at 9:00am — No Comments
After Strong Shorts on Wednesday , Metals recovered sharply on Thursday. Current price action
illustrates a See-Saw Affair between Bulls and Bears.
For Intraday Traders, Buy metals at breakout of current zones toward upward , Sell if zones break
Added by Sardar Uddin on May 24, 2013 at 6:47am — No Comments
Instrument Trend Recommendation
Buy above1.2900,TP1.2950/75,SL1.2875BOS 1.2860
Buy above 1.5085,TP1.5130/60 ,SL1.5060,BOS1.5050
Sell below 1398,TP1385/73,SL 1405,BOB1408
Sell below 22.60,TP22/21.50,SL23,BOB 23.05
Buy above 93.75,TP 94.30/90.SL 93.50,BOS 93.25
Important news, EUR German Ifo Business Climate at 1pm,US Core Durable Goods Orders m/m at 5.30pm
Added by Usman Ali on May 24, 2013 at 6:12am — No Comments
EUR has recovered yesterday and reached the resistance 1.2930 after dropping to 1.2820. Buyers appear around 1.2800-1.2820 so this area is well protected and should cap any downside. Currecntly EUR is trading around the Fibo level 1.2915 with the strong upside channel resistance line at 1.2930. On H4 we are inside the negative Ichimoku trying to break it higher, unfortunately drops to 1.2870 or even 50 are still possible. On Daily seems that the EUR is trying to reenter the upside channel…Continue
During yesterday’s trading session EUR/USD formed a Daily white. For the past 10 Daily candlestick bars there are 5 white candles versus 5 black candles and for the past 50 Daily candlestick bars there are 28 white candles versus 22 black candles with a net of 6 white candles.
A Daily engulfing bullish line has formed (where a white candle's real body completely contains the previous black candle's real body). The engulfing bullish pattern is bullish…Continue
Added by Usman Pervez on May 23, 2013 at 10:27pm — No Comments
I have taken almost today off.. Just came in peaking on the rates...
103.70ish on YEN and EJ almost making to 134 and boom down it comes...
Got me shorts on euro at 2974 / yen 103.69 and EJ failing at complete entries off 133.91-99 had to take smaller ones on a 132.27 break a bit later at 133.03 but managed to see my entry hitting out at 131.40 rt above previous halt mark of 131.30.. It then went further down to my surprise..
YEn had a smaller limit of 60 pips and was done and…
Added by Tahir Khan on May 23, 2013 at 2:11pm — No Comments
Currently we are at 1.4579 on support. We are looking for a small retracement then a continuation down to the 0.382 Fibo @ 1.4543 and then theS5 support @ 1.4444. The current average daily trading range (ATR) is 114 pips.…Continue
Added by Scott Barkley on May 23, 2013 at 1:10pm — No Comments
BMO Capital Markets - "the forthcoming key US data today and tomorrow will, we think, be significant for USD/JPY and equity markets. If the data are particularly strong, we suspect that a decent portion of the moves towards a weaker USD could be unwound by the end of the week, particularly if European equities move towards the “black” and US equities strike a buoyant tone. In the event of strong US data, we might look to start fading rallies or taking profit on long USD positions in AUD/USD…Continue
Added by Francesc Riverola on May 23, 2013 at 11:45am — No Comments
The EURUSD continued to maintain its bearish momentum yesterday after topping at 1.2998 levels, pressure now will be on the key support 1.2795, the EURUSD will have to hold below 1.2795 levels on a daily closing basis to push the market for further downside losses, If seen , it will target 1.2625 where a breach will turn focus on the 1.2500 ahead of 1.2400 levels.
Alternatively , a failure to hold below 1.2795 could mean a return to the 1.2998 levels,to completely eliminate the…Continue
Added by Haitham653 on May 23, 2013 at 11:40am — No Comments
Fidelity Worldwide Investment - "The rise in Japanese government bond yields is starting to undermine equity sentiment and especially J-REITs which have been selling off for the last month. Market volatility in Japan is such that it remains to be seen if this will be a lasting correction or just a natural pull back after many days of strong rises.
The danger I see from JGB market volatility is that a rise in yields could:
· hurt confidence via stock prices
· reduce support for…
Added by Francesc Riverola on May 23, 2013 at 10:15am — No Comments
Societé Generale - "Good Morning. Buy the dollar, sell EMFX and sell carry. It isn't about when the Fed “tapers”, it's about too many positions on the same side of the boat and the danger of a capsize.
When the Fed will slow its Treasury purchases will be data-dependent and the Funds rate may be less important in policy-making going forwards. Those are the direct takeaways from the FOMC minutes but the market tells us something different. The prospect of low rates for a long time…
Added by Francesc Riverola on May 23, 2013 at 10:04am — No Comments
This week started slowly, but that all changed dramatically on Wednesday, as the euro went on a wild ride following remarks by Federal Reserve Chair Bernard Bernanke before a Congressional Committee. The euro tested the 1.2998, but then fell hard, closing the day at 1.2842. Almost forgotten in the excitement was US Existing Home Sales, which fell below expectations. There are a host of US and Eurozone releases on Thursday. European PMIs were mixed, but French and German Manufacturing…Continue
Added by Yohay Elam on May 23, 2013 at 9:37am — No Comments
Added by Carol Harmer on May 23, 2013 at 9:12am — No Comments
HSBC - "The USD rally has further to run. The currency war is getting bigger and more intense, drawing ever more protagonists into the fray. In part, this may be because of the success of those central banks who have already sought economic advantage through targeting their currency. The market has realised there is no point in fighting the central banks at this time, and the USD is the natural candidate to act as the offset to this desire for depreciation elsewhere. If anything, the risks…Continue
Added by Francesc Riverola on May 23, 2013 at 9:10am — No Comments
ASSALM O ALEIKUM fellows .. .. ..
i hope yesterday and a day before yesterday we all got reasonable profit ... i,m happy by this
oooooo my GOD today we have plenty of data from EU
and i think today trading is in EU on targets is not safe just trading on data.... for…Continue
A Daily black body was formed during yesterday’s trading session.
A Daily engulfing bearish line has formed (where a black candle's real body completely contains the previous white candle's real body). The engulfing bearish pattern is bearish during an uptrend. It signifies that the momentum may be shifting from the bulls to the bears.
If the engulfing bearish pattern occurs during a downtrend (which appears to be the case with Euro Dollar / US…Continue
AUD/JPY DAILY as of Thursday, 23 May, 2013
A Daily big black candle was formed during yesterday’s trading session.. This is a bearish candle as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trend line, or price resistance level), the long black candle adds credibility to the resistance.…Continue
Added by Martin Kay on May 23, 2013 at 6:17am — No Comments