Market has been sluggish with range bound moves. Expect USD Weak to Neutral
Outlook USD Weak to Neutral
Prelim UoM Consumer Sentiment USD 9:55 am EST…Continue
Added by Sardar Uddin on November 9, 2012 at 4:12am — No Comments
Seeking 1-on-1 mentoring? Email me >> curt (at) fxbootcamp (dot) com
Added by Curt Wehrley on November 9, 2012 at 1:57am — No Comments
BUYSTOPS @ 1.2771 SL 1.2727 TG 1.2780-98-15-33-51
SELLSTOPS@ 1.2719 SL 1.2762 TG 1.2711-93-76-59-41
Added by Y.R.Gajjar on November 9, 2012 at 1:42am — No Comments
Just recovered this interview from June 2010. In case anyone is interested...
Added by 50Pips on November 8, 2012 at 7:03pm — No Comments
Added by ForexCharts on November 8, 2012 at 6:30pm — No Comments
The markets are continuing to change, and the direction is (for now) continually becoming more algorithmic in terms of trading, markets and price movements. I personally think a lot of these algos, particularly HFTs, are highly toxic to markets, if not the global economies which are subject to them.
Take for example the Knight Capital disaster, the Facebook IPO, the Flash Crash, the Reverse BATS, and on and on and on...
Shoot, we now have Twitter-Feed based hedge funds…
Added by 50Pips on November 8, 2012 at 2:52pm — No Comments
Westpac - "EUR/USD price action is hardly encouraging but we expect the pair will find support into the 1.26-1.27 zone. Local press reports indicate Samaras should still secure a slim parliamentary majority for upcoming budget and reform even if all 16 members of the Democratic left vote en masse against the legislation. EUR/USD may yet rally back towards 1.29-1.30. But expect rallies to falter as risk appetite is sapped by protracted and probably acrimonious fiscal cliff negotiations.…Continue
Added by Francesc Riverola on November 8, 2012 at 2:30pm — No Comments
BBH - "The dollar violated the 3-week uptrend line against the yen yesterday but managed to close back above it, but now it is back below it (~JPY79.95). There is a bearish divergence unfolding in the 14-day relative strength index. However, it requires a break of JPY79.65 and ideally JPY79.50 to give confidence a dollar top may be in place."
Marc Chandler, Global Head of Currency Strategy at BROWN BROTHERS HARRIMAN
Added by Francesc Riverola on November 8, 2012 at 2:17pm — No Comments
I will be attending next week the Forex Magnates Summit that Michael Greenberg is putting together Wednesday 14th in London.
The Summit can be considered already a success as over 600 Top professionals of the Retail FX industry have confirmed their assistance to the event.…Continue
Currently we are at 1.6140 and have just broken out of the ascending wedge to the north. The target area is first the resistance @ 1.5174 then the R5 @ 1.5196. The big target is the former top @ 1.5248. The average daily trading range (ATR) is 71 pips…Continue
Added by Scott Barkley on November 8, 2012 at 1:46pm — No Comments
UBS - "EUR Targets: EURUSD 1m 1.30; 3m 1.25
AUD, NZD Targets: AUDUSD 1m 1.05; 3m 1.00; NZDUSD 1m 0.82; 3m 0.80
SEK Targets: EURSEK 1m 8.40; 3m 8.40"
Added by Francesc Riverola on November 8, 2012 at 12:44pm — No Comments
sell now at 1.2745 t/p: 1.2650 s/p:1.2780
buy stop at: 1.2780 …Continue
Added by David Pegler on November 8, 2012 at 11:34am — No Comments
if the order did not hit the t/p point and s/p activated then::
sell stop at :1.2735 …Continue
Added by mathi on November 8, 2012 at 9:10am — No Comments
EURUSD's recovery was limited yesterday by the key resistance 1.2882, the pair rejected strongly breached below 1.2763 , and tested 1.2735..
Anyway, by checking the 4 hour chart, the pair is in extended bullish divergence , bearish reversal in short term , bullish in long term. First of all, buyers tried to put a bottom in 1.2882 , since the pair lacked the needed momentum to move higher,buyers failed at 1.2882 and the pair extended below 1.2882 to get the needed momentum and now…Continue
Obama is re elected and Election are all done. How does that effect Dollar only time will tell, We can only look at our charts and analyze the price action. Expect weakening US Dollar
Outlook USD WeakerContinue
Added by Sardar Uddin on November 8, 2012 at 4:50am — No Comments
EUR bulls gave up in yesterday's fight too and EUR made a full reversal of the day dropping to 1.2736 from 1.2855 in less than 2 hours. So my bullish scenario has failed but bearish became true. On Daily we are going deeper and deeper into the positive Ichimoku, no matter it is very wide, and its Senkou Span B passes through 1.2606-1.2626 zone where i think the bulls will be in control. Yesterday was just a test of Senkou Span A @ 1.2878 which was unsuccessful. EUR now is in a downside…Continue
BUYSTOPS @ 1.2771 SL 1.2728 TG 1.2780-2789-2807-2824-2842-2860
SELLSTOPS@ 1.2728 SL 1.2771 TG 1.2719-2702-2685-2668-2650
Added by Y.R.Gajjar on November 8, 2012 at 1:28am — No Comments