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EUR/USD DAILY as of Saturday, 13 April, 2013

Last Firday EUR/USD closes with a daily black body. For the past 10 Daily candlestick bars as of 12/04/2013, there are 6 white candles versus 4 black candles with a net of 2 white candles and the past 50 Daily candlestick bars as of 12/04/2013, there are 25 white candles versus 25 black candles.

A Daily long lower shadow has formed. This is typically a bullish signal (particularly when it occurs near a low price level, at a…


Added by Martin Kay on April 13, 2013 at 2:50am — No Comments

BTMU - EUR/USD proving an anchor of stability

Bank of Tokyo-Mitsubishi - "EUR/USD – neutral bias – (1.2950-1.3250)

The euro continues to remain relatively stable against the US dollar trading just above the 1.3000-level. We do not expect the recent period of stability to break in the near-term although upward pressure has intensified following the BoJ’s monetary policy meeting. The aggressive monetary easing programme unveiled by the BoJ is encouraging a pick up in risk seeking behavior amongst global investors in search of yield.…


Added by Francesc Riverola on April 12, 2013 at 8:00pm — No Comments

BofAML - A$ trade-weighted index hits 28-year highs

Bank of America Merrill Lynch - "The Australia trade-weighted index (A$TWI) reached the highest level in over 28 years this week at 79.9. This came as other currencies continue to depreciate or remain at relatively low levels against both the US$ and A$. Chief among these has been the Japanese yen, which has depreciated around 28% against the A$ since October last year. But this also includes A$ appreciation against the euro, the Korean won and US dollar over recent months.



Added by Francesc Riverola on April 12, 2013 at 6:30pm — No Comments

Uschi Wins Forex Oracle Contest for 2nd Week in a Row!

Uschi, you seems to be touched by gods.... You are blessed... Can you please tell me if we Barça are going to beat Bayern Munich in the Europen Champions League or not??? :)

Congratulations Uschi, you are the best. You have even surpassed Haitham653 as the best forecaster in the community.

EUR/USD London Open 7:00 GMT - 1.3100…


Added by Francesc Riverola on April 12, 2013 at 5:49pm — 12 Comments

Gold and Silver Forecast for April 12

Gold and silver changed course again this time slightly rose after they have tumbled down a day earlier. Major “risk related currencies” such as the Euro and Canadian dollar also rallied against the USD.  Yesterday, it was reported that number of jobless claims declined by 42k to reach 388k. This news, however,…


Added by Lior Cohen on April 12, 2013 at 3:39pm — No Comments

ING Bank - The US macro story and likelihood of downscaled QE sometime this year strongly argue for a firmer USD

ING Bank - "In terms of the USD, we are comfortable being trapped in the narrative of a cyclically bullish dollar story. As Rob Carnell highlights, the US economy went into government sequestration on a strong footing. We doubt the US soft patch will weigh too heavily on the dollar (given the weak external environment) and a return to 3% growth in 2H13 can see the market credibly start to question the longevity of the Fed’s QE programme. That should move yield spreads move markedly in favour…


Added by Francesc Riverola on April 12, 2013 at 2:04pm — No Comments

Goldman Sachs - We expect strong equity returns globally over the next 3 years

Goldman Sachs - "We forecast annualized returns ranging from 9% for the US to 21% for Asia ex-Japan.

(...) Our returns are mainly driven by earnings growth. (...) We expect annualized earnings growth ranging from 8% in the US to 21% in Japan. The strong earnings growth outside the US reflects a rebound from cyclically weak margins. We forecast P/E multiples to fall 1% annualized in Japan and rise elsewhere between 1% in the US and 4% in Asia ex-Japan.

(...) Our forecasts are based on…


Added by Francesc Riverola on April 12, 2013 at 1:31pm — No Comments

TD Securities - Bullish Scenarios for the AUD

TD Securities - "In our April Global Markets published last week, we re- affirmed our forecast for a mid-year peak of USD1.05 for the AUD/USD, before gently sliding to USD1.03 by year-end, and further towards parity by mid-2014. The rationale is that although the AUD continues to be supported by positive structural factors, including global central bank diversification, its yield advantage is soon to be eroded as the Fed positions for a gradual withdrawal of QE by the end of this year.…


Added by Francesc Riverola on April 12, 2013 at 1:30pm — No Comments

EURGBP- Weakens, Extends Its Bearishness.

EURGBP- The cross is currently seeing a third – day of declines, halting its correction recovery and turning focus to the 0.8462 level. This leaves the risk of further downside on the cards. In such a case, further weakness could be seen towards the 0.8350 level. Further down, support comes in at the 0.8300 level. Its daily RSI is bearish and poining lower suggesting further downside. The alternative scenario will be for EURGBP to continue its recovery and return to the 0.8520 level where a…


Added by fxtech on April 12, 2013 at 12:27pm — No Comments

Eurocrisis – Stimulating or Stalling the FX Market?

The current economic crisis in Europe has lead to a lot of problems for financial markets around the world. Although it has affected the stock market, bond markets and commodities, it has also had a profound effect on currency trading. This situation has lead to both good and bad things for the participants in the market.

Affecting Euro Pairs

The euro is half of many of the currency pairs in the market. The situation in the market has driven down the value…


Added by Dan Harrison on April 12, 2013 at 11:01am — 3 Comments

Eur/Jpy,12th April...the correction is finally here.

Yens kept their Bullish outlook but are losing momentum as corrective move remains pending. At current price JPY pairs are expected to go for correction. For Intraday traders keep your Shorts Short .

Detailed technical outlook on Eur/Jpy shown in the chart below.




Added by Sardar Uddin on April 12, 2013 at 9:48am — 3 Comments

AUD/USD DAILY as of Friday, 12 April, 2013

AUD/USD yesterday closes with a daily white body.

A Daily spinning top has formed (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.Three Daily white candles has formed during the last…


Added by Martin Kay on April 12, 2013 at 8:31am — No Comments

BTMU - We expect EUR/USD to remain broadly stable, with a slight bias to the upside

Bank of Tokyo-Mitsubishi - "Euro-zone finance ministers are meeting in Dublin today and a final agreement on the bailout from Cyprus is likely to be agreed. However, this may be complicated by the reports that Cyprus’ bailout is already about EUR 6bn short. With Ireland holding the presidency there are also likely to be attempts to make some progress on ESM direct recapitalisation of banks, which both Ireland and Spain are pushing for but Germany is resisting. Ireland and Portugal are also…


Added by Francesc Riverola on April 12, 2013 at 8:20am — No Comments

April 12th - EURUSD - Sardar Uddin

Majors has been trending as USD remain weak. Currently testing trendlines and Support and resistance zone. Expect Corrective moves in most pairs.

Outlook -  USD Neutral to Strong…


Added by Sardar Uddin on April 12, 2013 at 6:11am — No Comments

USD/JPY 12th April 2013 Intra day Short Term ( Scalp 50+ pips Idea )

Broken trendline Support .. Fib Support .... Price action ... Touch and Go Daily Piviot ... all suggest USD JPY may kiss magic 100.00…


Added by Jyotiprakash Pal on April 12, 2013 at 6:00am — No Comments

GBP/USD 12/04/2013 Trade Plan

Looking for a retracement on cable to 1.5360 try anpther long. 1.5400 is becoming the first resistance

15min chart…


Added by HectorFXtrader on April 12, 2013 at 5:41am — No Comments

EUR USD & GOLD forecast 12.04.2013

EUR has made another upside attempt yesterday it was unsuccessful though we have a new maximum at  1.3737, then a pullback to 1.3086 support zone and finally bounced back above 1.3100. This morning EUR is calm with bullish mood and ready to make another upside test. If we are unable to record a new maximum with the beginning of the american session, the pair is very likely to suffer profit taking and to turn south unhappily. Today we have also the european finance ministers' summit and some…


Added by Vladimir Mihaylov on April 12, 2013 at 4:24am — 11 Comments

NZDUSD - Where are you headed ?

Please have a look at this blown up chart. My focus is on the large blue candle marked with a yellow arrow. As you can see price action in the subsequent 14 candles has been contained between its high and low (indicated by yellow horizontal lines). Or to put it in another way, the bulls have not let go of their control.

I am therefore bullish on this pair and do not see any resistance before the 0.8800 area.

I look forward to your thoughts.…


Added by Oasis on April 11, 2013 at 10:37pm — No Comments

GOLD: Weak, Vulnerable To The Downside.

GOLD: GOLD remains lower as it continues to look weak and vulnerable to the downside. This development leaves the commodity targeting further downside towards the 1,540 level where a violation will pave the way for a run at the 1,530.00 level. Further down, support comes in at the 1,500.00 level, its psycho level. We expect a price hesitation to occur here if tested but if broken we could see further decline towards the 1,478.05 level. Its daily RSI is bearish and pointing lower supporting…


Added by fxtech on April 11, 2013 at 9:36pm — No Comments

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