Royal Bank of Scotland - "We should continue to expect Japan officials to attempt to manipulate the JPY through their comments on both sides. Talking JPY down if it rises and up of it falls. My preferred strategy for the short term is to expect a range between 88/95 with a view to buy for the longer term as the relative fundamentals continue to argue for a weaker JPY over the medium term.
(...) The downside risk for USD/JPY is underappreciated in the street. Adding to downside risk is…
Added by Francesc Riverola on February 18, 2013 at 3:42pm — No Comments
Goldman Sachs - "The sovereign crisis led to deep-rooted market concerns about the political viability of the Euro area. Many investors initiated tail-risk hedges, often in the form of short EUR/$ positions. Since the ECB’s OMT announcement, the need for these tail-risk hedges has diminished and risk premia in many Euro area assets have declined since last July. This process can continue further. Several benchmarking exercises suggest a move to EUR/$ 1.40 is likely but we would assume that…Continue
Added by Francesc Riverola on February 18, 2013 at 3:33pm — No Comments
While trading, please do not forget about your education. Here you have a selection of some Forex Webinars (online seminars) that you should not miss this week. Register to those you like the most now!
Monday February 18th:
Multiple Time Frame Analysis In Forex Trading, Sam Seiden, 16.00 GMT
Added by Francesc Riverola on February 18, 2013 at 3:00pm — No Comments
JP Morgan - "NZD maintains the bullish price action with the break through several key levels against the USD and crosses; still, the factors calling for a corrective phase have not been eliminated.br>The recovery for AUD/USD over the past week argues for additional upside retracement, but the setup on the crosses remains mixed. Stay long EUR/AUD.
While the short term range action continues to develop for USD/MXN, the failure at important resistance levels is consistent with the…
Added by Francesc Riverola on February 18, 2013 at 2:26pm — No Comments
Royal Bank of Scotland - "7 Consecutive weeks of ‘lower lows’ and ‘lower highs’ in GBP/USD; the bias strongly remains that rallies should be sold and the downside target remains the 1.53 level.
A running theme in this currency pair is that the market still seems attracted to this 1.5300 level just as it was In June ’12, January ’12, October’11 and September ’10. This is still the main support level to be aware of and still the level that I think that this GBP sell off will run out of…
Added by Francesc Riverola on February 18, 2013 at 2:14pm — No Comments
From observation here are the most active times of the trading day. They will not always be the most active times of the day in the currency market but they regularly are.
01:00 to 01:30 GMT
06:30 to 07:00 GMT
08:25 to 09:15 GMT
11:30 to 12:00 GMT
13:00 to 13:25 GMT
14:00 to 14:30 GMT
16:00 to 17:00 GMT
19:00 to 19:30 GMT
The frustration of not being around when the market moves or waiting endlessly for action can be…Continue
Added by Brian Kiely on February 18, 2013 at 11:00am — No Comments
EUR/USD continues to remain under pressure following last week’s release of weak GDP numbers out of the Eurozone. Growth rates throughout the Eurozone declined, and fell below market expectations. In the US, the trading week wrapped up on a high note, as consumer confidence and manufacturing data beat the forecast. The G-20 wrapped up its meeting in Moscow, and as expected, issued a mild…Continue
Added by Yohay Elam on February 18, 2013 at 10:33am — No Comments
Added by Francesc Riverola on February 18, 2013 at 10:18am — No Comments
I have presented today during my webinar the expected market moves for this week 18-22 Feb.The recording of the webinar is available in the given below link.
You can view the webinar and understand how forecast,market…Continue
Added by Dr. Sivaraman on February 18, 2013 at 10:17am — No Comments
Added by Francesc Riverola on February 18, 2013 at 9:30am — No Comments
Reviewed: $es_f $nq_f $gc_f $audusd $nzdusd $usdcad $eurjpy $gbpusd $eurusd
A decline from 2008 peak to 2009, 1.3500 low was in five waves, which in Elliott Wave theory indicates a direction of a larger trend. This is called an impulse wave, and once this leg is complete you will see a reversal in price, against the trend, normally into a slow, choppy and overlapping price action which is personality of a correction. Well, this is exactly what has market experienced since 2009 lows. As such, we are very confident that pair made a corrective pattern in wave (B)…Continue
Added by Gregor Horvat on February 18, 2013 at 8:46am — No Comments
As I discussed in my last blog EURJPY and GBPJPY has picked up the momentum however considering monday it is not likely to be so active. Tuesday,wednesday and thursday are the main days of trading for major pairs.
One interesting thing came up with looking at the chart on a 4h scale is AUDUSD is heading towards parity very soon. There has been immense pressure on the pair and the pair has not been able to break above 1.0400…
Added by Rakesh Kumar on February 18, 2013 at 8:31am — No Comments
Recommendation: SHORT positions below 1663 with 1600 & 1550 as next targets.
Alternative scenario: The upside breakout of 1683 will call for a rebound to 1720/50 levels.
Description: After bottoming last week at 1597 levels, rebound could be seen towards 1660 levels before resuming the bearish move towards 1550 levels.However, keep in mind that the precious metal will remain under pressure…