We are delighted to announce today that FXDD Forex price feed is now available at FXstreet's Rates&Charts section:
The Live Charts Window page includes now the price feed of 9 FX brokers: RT Forex,…Continue
Added by Francesc Riverola on October 3, 2012 at 8:00am — No Comments
UBS - "GBPUSD NEUTRAL The risk is for extension of the consolidation phase. Support at 1.6068 should hold in the short-term. Resistance is at 1.6187 ahead of 1.6273.
USDCHF NEUTRAL A break below 0.9315 would trigger resumption of weakness opening the way to 0.9239. Resistance is at 0.9438/67."
Added by Francesc Riverola on October 3, 2012 at 7:41am — No Comments
Discouraging labor and service sector data from the US are foreseen to diminish risk appetites today on heightened views of a slowing global economy, likely helping the US dollar to continue outclassing its Australian counterpart. Likewise dampening market sentiment are bleak reports on Australian trade and services activity.
In what could be a precursor to the vital Non-Farm Payrolls report on Friday, the Automatic Data Processing, Inc. is awaited to release its Non-Farm Employment…
Added by Aviv Shapiro on October 3, 2012 at 7:33am — No Comments
Added by 50Pips on October 3, 2012 at 7:30am — No Comments
Added by 50Pips on October 3, 2012 at 7:00am — No Comments
“Accept total responsibility for every response and feeling you have. Do not cast them out onto anything or anyone external to you.”
- Deepak Chopra
Added by 50Pips on October 3, 2012 at 6:30am — No Comments
Turning away from Europe for a today, I have taken a long look at the global growth scenario.
The Asian Development Bank (ADB) today lowered its growth forecast for 2012, Chinese economic activity, as measured by PMI, fell from 56.3 to 53.7 in September, Australia released its largest trade deficit since March 2008.
Growth in Asia ex. Japan will fall to 6.1% in 2012 the slowest since 2009.
While the developed world struggles to grow at all and the debt crisis in Europe…Continue
EUR again wasn't able to progress much higher, yesterday's carry trade moved it to 1.2967 but no more. All were waiting for mr.Rajoy speech and he disappointed the market saying that financial help from the EU is not impossible to avoid. This means no start of ECB new program, and everybody sold the EUR. Currently EUR is at the same position it was yesterday's morning, and for today the final PMI will be released if it's weak again this may increase the selling pressure over the EUR, pushing…Continue
Added by Vladimir Mihaylov on October 3, 2012 at 5:23am — No Comments
The US dollar declined against the major European currencies for the second consecutive trading day. High risk-to-reward long trade setups on the EUR/USD and GBP/USD currency pairs materialized during the third hour of the New York morning session.
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Added by Curt Wehrley on October 2, 2012 at 10:04pm — No Comments
USDCHF: With USDCHF failing to follow through higher on the back of its last week gains, further weakness is expected in the days ahead. This is coming on the heels of a second day of weakness during Tuesday trading session. The risk is for the pair to recapture its key support located at the 92.38 level. A violation will aim at the 0.9193 level, its May 07’2012 low followed by the 0.9100 level. On the upside, it will have to return above the 94.24 level to annul its current weakness and…Continue
Added by fxtech on October 2, 2012 at 4:15pm — No Comments
JP Morgan - "Risk scenarios to accompany Q4 2012 FX forecasts
Risk bias: Balanced in Q4
Potential trigger events: FOMC meetings on Oct 24 and Dec 12; China data each month; China Communist Party Congress this fall (no date set yet); Greek negotiations with troika; ECB meetings on Oct 4, Nov 8 and Dec 6; EU leaders’ summit October 18-19.
USD bearish: (1) US 10-yr inflation breakevens reach 3%, triggering a…
Added by Francesc Riverola on October 2, 2012 at 2:34pm — No Comments
At the moment of writing, EURUSD is trading below R1 at 1.2955 and above S1 at 1.2830 ,intraday bias remains neural as long as 1.2955 holds , break above this level would confirm resumption from 1.2042 and target R2 at 1.3080 and R3 at 1.3205 !!
But in return, a break below 1.2835 would extend the consolidation toward S2 at 1.2710, losing this level would mean that the bullish momentum in short term is gone…Continue
The pair is currently @ 1.2926 and sitting at the .618 Fibo. If we can break out of the pennant the next target is the 0.382 Fibo/ R4 target @ 1.3017. The overall target is @ 1.3100 area. Watch the 1.3000 Psychological area for a possible failure to hit the target. Average Daily Trading Range (ATR) for the pair is 107 pips.…Continue
EUR/USD is steady, but remains under pressure as the markets are unclear whether Spain will request a bailout. Meanwhile, Spanish unemployment claims hit a seven-month high, and Moody’s is expected to announce its rating review for the country. There are only three releases today, but things promise to be busier on Wednesday, with a host of European PMIs as well as key employment and manufacturing…Continue
Added by Yohay Elam on October 2, 2012 at 12:08pm — No Comments
UBS - "EURUSD BULLISH A break above 1.2988 would signal fresh extension of gains to 1.3031 and then, 1.3085. Support lies at 1.2804 ahead of 1.2758.
USDJPY BEARISH Only a closing break above 78.12 would signal scope for extension of the recovery to 78.54 and then, 79.22. Support lies at 77.44 ahead of 77.13."
Added by Francesc Riverola on October 2, 2012 at 12:03pm — No Comments
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Added by Francesc Riverola on October 2, 2012 at 11:50am — No Comments
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Added by Ron Schelling on October 2, 2012 at 11:30am — No Comments
Trouble times for the main sponsor of FXstreet.com and Forexstreet.net :(
I really hope GFT will get over these trouble times they are facing and they will continue in the business for many years to come. The retail FX industry needs companies like them. If I am not mistaken, they have one of the cleanest records of the industry with the NFA with no single action against…Continue
Abysmal Spanish employment data and a rate cut in Australia have kicked off a week that could set the tone for the rest of the year.
A surprise upturn in manufacturing output in the U.S. gave the dollar a brief upsurge but it is still capped in a relatively narrow range against most currencies.
The fourth quarter has started with currencies in a state of flux. It is difficult to get any kind of agreement on where they are headed.
The majors Eur, JPY, GBP, CHF and their…Continue
Added by Alan Hill From Sarrafx Trading on October 2, 2012 at 9:11am — No Comments