EUR has jumped to 1.3519 yesterday, and then quickly reversed reaching 1.3425, after this massive almost 100 pips drop, the currecny pulled back to 1.3450-60 area ahead of the G20 finance ministers' summit today. Currently we are trading around 1.3440 level, but the price may increase a little bit in search of sell opportunities. My yesterday's forecast was SHORT below 1.3490, and to 1.3430 is gives you 60 good pips, i think most of you have taken them. For today i am SHORT again as on Daily…Continue
Most of the eyes will be on BOJ statements again. As china is closed for the week and market is very quite during the asian session so BOJ is likely to bring some action.
EURJPY and GBPJPY will be looked for key support and investors will be keeping an eye on every dip. In the last two BOJ meeting the politicians disappointed the market and investors which made YEN stronger.
NZDUSD has got wings and flying in no fly zone. However it is limited till 8500. AUDUSD…Continue
Added by Rakesh Kumar on February 14, 2013 at 5:15am — No Comments
The Japanese yen is deemed to dip alongside the Australian dollar today as the Japanese economy contracted for the third consecutive quarter in Q4, indicating that the country is struggling to escape from a mild recession. Likewise, the markets are awaiting the outcome of the Bank of Japan’s monetary policy meeting today.
Amid economic uncertainties overseas, Japan’s economy shrank at an annualized pace of 0.4 percent in the final three months of 2012 to contract for a third…
Added by Aviv Shapiro on February 14, 2013 at 3:34am — No Comments
Weaker than expected growth prospects have been keeping $GBPUSD under pressure. BOE…Continue
Added by fx-Syndicate on February 13, 2013 at 8:59pm — No Comments
GOLD: The commodity’s downside vulnerability remains valid as it looks to recapture the 1,625.76 level following a strong sell off triggered on Monday. This is consistent with our call for more declines while GOLD holds below its declining trendline. This suggests further weakness towards the 1,600.00 level, its key psycho level. We expect a price hesitation to occur here if tested but if broken we could see further weakness towards the 1,582.10 level. On the upside, resistance resides…
Added by fxtech on February 13, 2013 at 7:50pm — No Comments
Hello all traders , i just see the bearish wave on GBPCAD on the daily time frame will end soon , we now run in a corr wave 2) which is close to the low @16-8-2012 in my opinion i think this wave will end soon and give us a very nice chance to run bullish again and catch the rising wave from the beginning , any daily close below 1.5510 mean that market running against our position , in this case we will exit in our entry point again with ZERO LOSE , so what about the targets , as it's…Continue
"With euro area risks largely absent, it is likely that the ECB stance and the improved financial conditions may remain where they are in the near term, pushing the EUR/USD towards 1.38 in 1 month, says Barclays Capital. However, Barclays thinks that these elevated levels are unlikely to last and the exchange rate will move lower to 1.28 in 12 months.
EURUSD has resistance in the 1.3480 area , 1.3520/30 . Support lies at 1.3410 , 1.3380 and 1.3330.
Added by peter tec on February 13, 2013 at 6:20pm — No Comments
Added by Shaun Powell on February 13, 2013 at 4:48pm — No Comments
It is clear to me that 1652 was a strong resistance line that Gold was not able to break. My bias is bearish and I expect it to break the support line 1642 with force…Continue
Added by Ashraf Abu-Abdou on February 13, 2013 at 3:11pm — No Comments
Mr. Draghi said exactly the opposite of everything. Despite ECB's efforts, euro will probably rise to its technical level of 1.39 before losing any strenght. Europe has no clear reforms and despite recognising their monetary problems they show no applicable propositions to solve it. Currency wars is real, however it is a war of attrition so it will probably continue for a decade and its daily effects should be negligible.
Europe is sinking, but not before italian elections.…Continue
Added by gunes unver on February 13, 2013 at 2:52pm — No Comments
Added by Igor Titara on February 13, 2013 at 2:47pm — No Comments
Added by Demian Pack on February 13, 2013 at 2:30pm — No Comments
Currently we are at 1.4271 after the pullback. We booked 90 pips on first part of the sell off and looking now for the completion on the break of the .786 Fibo @ 1.4261. There is a possible pullback first to the S4 @ 1.4320 area first and then the continuation to the double bottom @ 1.4170 area. The current average daily trading range (ATR) is 128 pips.…Continue
Added by Scott Barkley on February 13, 2013 at 2:11pm — No Comments
Goldman Sachs - "We expect global growth to improve from 3.1% in 2012 to 3.3% in 2013 and accelerate further to 4.1% by 2014. However, due to the drag from fiscal contraction we only expect the US to reach a trend-like level of growth by 4Q13. Some US fiscal uncertainty remains and the European sovereign situation could deteriorate again, but we see risks as smaller than last year.
Our views across asset classes
Equities: We remain Overweight over 12 months…
Added by Francesc Riverola on February 13, 2013 at 1:02pm — No Comments
Deutsche Bank - "Currently, the hedging heatmap is bullish on USD/CHF and USD/CAD, but bearish on NZD/USD and AUD/USD. This means that dollar based exporters to Switzerland and Canada should hedge a higher amount of their FX risk, while Australia or New Zealand based exporters to the US should hedge a lower amount."…Continue
With the lack of supporting data from the Maple Leaf, the Canadian dollar is foreseen to make way for gains by its Australian currency peer. More of the Asian commodity dollar is perceived to be purchased after earlier reports that Australian consumer sentiment surged to a 26-month high. Market participants are also likely to look into consumer spending data from the world’s largest economy, which could likewise affect the demand for the Canadian asset.
With the increased payroll…
Added by Aviv Shapiro on February 13, 2013 at 12:17pm — No Comments
Most Viewed Webinars for the Week of February 3rd-10th 2012:
#1 Sam Seiden - Forex Trading For Short Term Income
#2 Dr. S. Sivaraman - Asian Session: Live Market…Continue
Added by Francesc Riverola on February 13, 2013 at 11:46am — No Comments
Westpac - "We have maintained a highly sceptical view towards the recent plunge in the value of the ¥. We think verbal intervention has played a much larger part in pushing the ¥ down than most believe. This makes yesterday’s G7 statement all the more important for USD/JPY. We therefore recommend selling USD/JPY via options.
(...) We have bought half a unit of a 2 week 92 USD/JPY put for a cost of 0.58% of USD (spot reference 93.00 and volatility of 13.3%). While volatility is expensive…
Added by Francesc Riverola on February 13, 2013 at 10:50am — No Comments
EUR/USD continues to move higher, and has climbed to the high-1.34 range. The euro has gained over one cent so far this week. In the US, there was good news from the Federal Budget Balance, which posted a rare surplus in January. Eurozone Industrial Production rose sharply, easily beating the market forecast. Today’s highlights are US Retail Sales and Core Retail…Continue
Added by Yohay Elam on February 13, 2013 at 10:40am — No Comments
UBS - "EURUSD BULLISH The next resistance is at 1.3518 ahead of 1.3564, a break above this would open the way to 1.3711. Support is at 1.3325 ahead of 1.3270.
EURCHF NEUTRAL Resistance is at 1.2369 ahead of 1.2449. Support is at 1.2256 ahead of 1.2191 EURGBP BULLISH A closing break above 0.8613 would signal resumption of strength, opening the way to 0.8717. Support is at 0.8541 ahead of 0.8438.
EURJPY BULLISH The major support is at 122.38. While this holds, there is scope for…
Added by Francesc Riverola on February 13, 2013 at 10:32am — No Comments