That’s very interesting price action on GBPUSD; where a five wave pattern could be unfolding from the lows, so we are wondering if we have seen low on this pair. However, we always want to see daily close price to confirm a direction for the coming day or two. If market stays bullish, with a daily close above the falling trend-line connected from 1.5845 then we will be looking higher for a deeper corrective pull-back, possibly even back to 1.5000. A fall back beneath 1.4880 will open door…Continue
Added by Gregor Horvat on March 13, 2013 at 9:47am — No Comments
Goldman Sachs - "Given the move down in sterling and the fall in real interest rates we raise our FTSE 100 targets, to 6,600, 6,800 and 7,200 over 3, 6 and 12 months respectively. Our previous targets were 6,200, 6,300 and 6,500 respectively. Our revised 12 month target gives a price return of 10% from current levels and would put the UK market above its previous peak of 6930. Although measuring the price index in dollar terms the market would still be c.25% below peak. We would also prefer…Continue
Added by Francesc Riverola on March 13, 2013 at 9:47am — No Comments
UBS - "USDCHF BULLISH As long as support at 0.9394 holds, watch for a closing cross higher in momentum tools to signal resumption of strength. Resistance is at 0.9552.
AUDUSD NEUTRAL Resistance is at 1.0357 ahead of 1.0414. Support is at 1.0267 ahead of 1.0202.
USDCAD BULLISH As long as support at 1.0186 holds, there is scope for a break above resistance at 1.0296, opening 1.0366. Near-term support is at 1.0235."
Added by Francesc Riverola on March 13, 2013 at 8:35am — No Comments
While everyone is talking about the Sterling Pound or Euro and their weakening outlook, our currency for today is the New Zealand Dollar. We expect it to go long intraday. Below is our detailed analysis for the pair:
Cable still strong bearish, however see potential spot trade long, if at the london session we back to 1.4900 with a target to 1.4980
If the price dont pullback and keep up to 1.4980 look for a short to 1.4900…Continue
Added by HectorFXtrader on March 13, 2013 at 6:33am — No Comments
Added by Carol Harmer on March 13, 2013 at 6:13am — No Comments
Metals gained momentum in Tuesday market with strong bullish rally, but failed to break out of strong resistance up ahead. Expect a corrective move before Metals retests strong resistance areas.
Metals – Short then Long…Continue
Added by Sardar Uddin on March 13, 2013 at 6:02am — No Comments
Another day of annoying consolidation has passed. Below 1.3000 level EUR quickly finds buyers and seems that we are close to a correction higher. For breaking 1.2940-60 we need a catalyzer, but for now there is no any in this situation some investors may wish to take part of the profit from SHORT-s and this will bring the correction in the pair. If we are able today to break successfully 1.3060 the upside move will accelerate and we can reach 1.3140-50, breaking above that will take us to…Continue
We shall really pay attention for news!
Okay, i will share the news i'm reading and hope to help on your trading decisions.
Trade individually without advice of gurus...etc.
Pay attention to bond yields.
Mar 13 10:10 Italy Eur 2.5-3.5bn 2.75% Dec 2015 BTP, Eur 1.5-2.0bn 4.75%
Mar 13 10:30 Germany Eur 5.0bn 0.25% Mar 2015 Schatz
Mar 13 10:30 Swiss Bond auction
Mar 13 10:30 UK Gbp 1.5bn 3.75% Jul 2052…
Added by Igor Titara on March 13, 2013 at 12:36am — No Comments
A few years ago my attention was almost totally devoted to three different projects.
I was also day-trading Euro-Dollar CFD’S on the side.
This could have been a very stupid idea.
I didn’t have a lot of time to watch the markets. I’d make my call and take my positions, always entering a target and stop loss, at the inception of every new trade.
Maybe once a day, I glanced at the rates for less than five minutes, I closed a trade or and looked at the possibility…Continue
Next up is the market will make a decision, futher down or up, I don't see it going sideways much longer. I'm leaning towards up in the medium term (week).
It looks like there is almost no strength in eur/usd at the moment, the last hourly bar shows 'no demand' which is low spread and very low volume. I suspect we will see that for the next few hours before a rejection later tonight or tomorrow morning and another move down. I'm waiting for it to test the…
Added by Metaneural Trading Systems on March 12, 2013 at 8:33pm — No Comments
The daily VIX is now moving into the danger zone, and the closer we move to the dreaded single figures, then the more likely a sharp reversal for equities and consequent rush to safe haven.
In the current trading session the index has moved marginally higher today to 12.55. but still extremely low, and testing support at this level. All looking bearish on the VIX but for how much longer! You have been warned.…Continue
Added by Anna Coulling on March 12, 2013 at 7:17pm — No Comments
The interesting point to note here is the potential pennant pattern now forming on the daily chart, with the centre of the pattern forming around the $1575 per ounce region. The longer this price action continues then the more…Continue
Added by Anna Coulling on March 12, 2013 at 7:06pm — No Comments