Royal Bank of Scotland - "After a string of better data, we expect some weaker UK data to start coming through over the next week or so. More broadly, data surprises appear to be having a diminishing supportive impact on GBP. While data forecasters may have been slow to adjust, there appears a more widespread market view that data will surprise. Investors can't be surprised by a surprise that everyone expects. The second derivative of surprises already looks to be turning over. GBP/USD…Continue
Added by Francesc Riverola on May 13, 2013 at 6:30pm — No Comments
GOLD: Unless the commodity returns above the 1,488.00 level, there is risk of further downside in the days ahead. On the downside, support comes in at the 1,403.66 level where a breach will target the 1,385.00 level. A violation will aim at the 1,350 level and then the 1,321.79 level. On the upside, GOLD will have to return above the 1,488.00 level to resume its recovery. Further out, resistance is seen at the 1,590.40 level followed by the 1,619 level. All in all, GOLD remains on corrective…Continue
Added by fxtech on May 13, 2013 at 6:03pm — No Comments
This is my scenario:
Added by Andrius on May 13, 2013 at 5:00pm — No Comments
National Bank Financial - "The Bank of Canada is one of the few major central banks that has remained relatively passive regarding its currency. That stance may have inflated the degree of the loonie’s overvaluation and hurt our exporters, particularly manufacturers, who have seen their US market share shrink dramatically. While domestic demand picked up the slack in recent years, it would be unwise to expect it to continue compensating for underperforming exports. Canada will need exports…Continue
Added by Francesc Riverola on May 13, 2013 at 4:52pm — No Comments
Waiting for a price action buy signal when USDJPY comes back to retest the resistance and use it as support at 99.85. Should also tie in nicely with the 20ema on daily timeframe, adding an extra…Continue
Westpac - "AUD/USD: Broad USD strength has been punishing AUD more than most, just as the opposite usually holds true. Stronger local data calls into question when the RBA will cut again, helping limit AUD/USD downside. But the cleanout could easily extend to 0.9850/70 near term before bouncing back above 1.00 on stretched short positioning.
NZD/USD: A possible peak in NZ economic momentum and record spec long NZD positions in the futures market dovetail with the stronger USD move to…
Added by Francesc Riverola on May 13, 2013 at 2:54pm — No Comments
Rabobank - "Early May, (...), has brought better US data and therefore a new least of life for the greenback. Better US data has increased the market’s sensitivity to speculation regarding when the Fed could start to reduce the amount of its monthly $85 bln asset purchases. (...) Despite this better tone, we are sceptical on the ability of the USD to push aggressively higher from current levels. The fiscal consolidation announced in the US this year will continue to have an impact for months…Continue
Added by Francesc Riverola on May 13, 2013 at 2:16pm — No Comments
Currently we are at 0.8274. We are looking for a sideways move and then a break to the confluence of the S5 and 2.618 Fibo @0.8200-8214 area. The current average daily trading range (ATR) is 88 pips.…Continue
Added by Scott Barkley on May 13, 2013 at 1:03pm — No Comments
EUR/USD will rise till 13100 and will fall from 1.2860.
Added by Davaanyam on May 13, 2013 at 12:53pm — No Comments
Contradicting signals between MACD and Stochastic in Weekly and Monthly time frames will keeps the movement sideways with expected fluctuation range within 1.28XX (Support) and 1.31XX (Resistance). The obvious Head/Shoulder may not be breaking out until these 2 signals synced in one direction (downwards).
4 Hourly MACD and Stochastic should play very important roles in keeping the fluctuation going. We wait and see how the market goes about.…Continue
Added by Investross on May 13, 2013 at 11:00am — No Comments
Societé Generale - "Our Technical Analysts Stephanie Aymes and Kusai Kansara put out a piece today recommending longs in USD/CHF, on the grounds that this pair has now broken out above both a downtrend from last summer's (recent) peak, and a head and shoulders formation. (...) I agree with the view 100% (...)
A number of currency pairs and assets have been pushed to unsustainable valuations by super-easy monetary policy and the European crisis. The yen, the Australian dollar, TIPS, gold…
Added by Francesc Riverola on May 13, 2013 at 11:00am — No Comments
Let's have some fun... Do you trade EURUSD?, then place your bets here:
1. Place here you call for EUR/USD price for Friday May 17th 2013 London Open at 7:00AM GMT or 8:00AM BST (British Summer Time).
2. Just place ONE forecast. example: EURUSD at 1.3130
3. All forecasts must be placed before Wednesday May 15th 12:00AM GMT or 13:00PM BST.
4. There will be a…Continue
UBS - "This week's key points for currencies are:
- several US data releases due but claims still key
- ECB to develop an exchange rate policy?
- G7 doesn't criticise Japan, USDJPY a buy on dips
- BoE Inflation Report key in the week ahead
- Swiss deflation, rising stocks to weaken franc
- buy DNTs as Norges Bank keeps krone rangebound
- expect more RBA easing now, stay bearish AUDNZD"
Added by Francesc Riverola on May 13, 2013 at 10:23am — No Comments
prepare to sell the Eur/usd @ 1.2954
Added by Victor Chiejine Bruce on May 13, 2013 at 10:04am — No Comments
Brown Brothers Harriman - "1. The gross short yen positions increased by 10.4k in the week ending May 7. This is consistent with ideas that the speculators were anticipating a break out after the Golden Week holidays ended. Some cast conspiratorial allusions to the fact that the dollar broke above JPY100 prior to news that Japanese investors had bought (a relatively small amount) foreign bonds in the past two weeks. Anticipation more than malfeasance is the more likely explanation.
Added by Francesc Riverola on May 13, 2013 at 9:18am — No Comments
Danske Bank - "EUR/JPY – Breaks higher for gains to a projected target at 136.55
• Strategy Summary – Buy into dips for gains through 134.54 and 135.76 to 136.30. Place a stop under 129.60/128.99.
US 2-Yr T-Note Futures (M3) – Tests 2-month bull channel support
• Strategy Summary – Buy on pullbacks, targeting 110 -14 with scope for an extension to 110-17*5. Place a protective stop below 110-07*7.
Cash Gold – The 1½ year…Continue
Added by Francesc Riverola on May 13, 2013 at 9:10am — No Comments