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Target Trading in the Forex upcoming week of March 17th ,2013


What Forex Target Traders See:  We are currently sitting @ 1.3058  after a breakout of the down trend wall.  We still need to put a bottom in on this new trend so watch for the pullback first and then the bounce for the move to the R4 resistance @ 1.3152. A false breakout to downside targets the double bottom @ 1.2911. The average daily true range (ATR) for the pair currently is 114 pips. …


Added by Scott Barkley on March 16, 2013 at 4:08pm — No Comments

EURUSD- Daily chart;Further upside risks towards 1.3190-1.3370 !

The EURUSD maintained a bullish momentum the past few days after bottoming at 1.2910 levels, pressure now will be on the key resistance 1.3190 ,EURUSD will have to hold above 1.3190 on a daily closing basis to push the market for further upside gains,  if seen this scenario could push the market further higher towards the 1.3370  levels, where a breach will turn focus on the 1.3577 levels, further break above 1.3577 will expose 1.3710 and target 1.3850.

Alternatively,A failure…


Added by Haitham653 on March 16, 2013 at 3:35pm — 2 Comments

USDCHF: Turns Lower On Price Failure

USDCHF- A serious blow has been dealt on USDCHF’s recovery triggered from the 0.9021 level as it reversed its previous week gains to close lower on Friday. On a hold below the 0.9388 level, risk of further downside will develop towards the 0.9230 level and possibly the 0.9150 level. Its weekly RSI is bearish and pointing lower supporting this view. On the upside, for the pair to reverse its present weakness and resume its short term uptrend, it will have to break and hold above the 0.9566…


Added by fxtech on March 16, 2013 at 1:57pm — No Comments

US Dollar Index (Spot, not the futures contract)

The average on the 6 major pairs against the US Dollar has dropped in the last 4 sessions, from very strong to neutral.

For more click on the chart:


Added by Ron Schelling on March 16, 2013 at 10:57am — No Comments

Deutsche Bank - Asia Forex: Uneven ground

Deutsche Bank - "USD strength has played out unevenly across Asian FX. Regional currencies can be grouped into three categories reflecting the distance from their post-crisis highs against the USD. The first group (CNY, PHP and THB) is trading at or very near their highs, with currencies benefiting from strong structural stories or supportive policy biases. The second group (SGD, TWD, KRW and MYR) began to struggle only this year, succumbing to yen weakness and broader USD headwinds. The…


Added by Francesc Riverola on March 16, 2013 at 9:04am — No Comments

UBS - Sterling is likely to be the biggest mover in the week ahead

UBS - "Sterling is likely to be the biggest mover in the week ahead. On Wednesday, Bank of England Monetary Policy Committee minutes are released while, separately, the UK Budget may announce a review of the central bank's inflation target. We expect this will cause the pound to weaken.

(...) This week's key points are:

- dollar bulls should check the FOMC's new forecasts

- PMI data key for euro in the week ahead

- new BoJ leadership approved, still buy USDJPY…


Added by Francesc Riverola on March 16, 2013 at 8:48am — No Comments

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Added by pandora on March 16, 2013 at 7:06am — No Comments

pendant trading dicussion

Hello everyone,

I haven't been too busy on here lately so thought it may be time come in and talk about what I am working on atm and a few other  general trading things. I actually was in Peters blog earlier today so that i could log…


Added by Indy on March 15, 2013 at 10:09pm — 13 Comments

Goldman Sachs - Central Bank Watch

Goldman Sachs -

Added by Francesc Riverola on March 15, 2013 at 3:02pm — No Comments

TD Securities - Upcoming Week: The Big Three - Central banks, PMIs and the UK Budget to dominate

TD Securities - "Upcoming Week:


1. 2013-14 Budget (Wed 20 Mar): We expect the OBR’s

forecasts to judge that most of the weakness in the UK

economy is cyclical but expect the PSNCR forecast for

2013/14 to be revised up from £161bn to £163.3bn.

2. BoE Minutes (Wed 20 Mar)

3. Retail Sales (Thurs 21 Mar)

Remaining Europe

1. Italian Politics (ongoing)

2. Flash PMIs (Thurs 21 Mar)

3. EU Leaders’ Summit (Thurs-Fri…


Added by Francesc Riverola on March 15, 2013 at 2:52pm — No Comments

$GBPJPY –continuation

Currently we are at 145.65 @ the .214 Fibo.   The overall target is the R7 @ 147.74.  Expect a pullback and then a move above 145.85.  A good target for today (triple witching day) would be the 146.00 before the square up.  The ATR (Average True Range) for the pair currently is 155 pips.…


Added by Scott Barkley on March 15, 2013 at 12:59pm — No Comments

Rabobank - GBP Enough is enough?

Rabobank - "BoE Governor King may have had a preference for more QE at last month’s policy meeting but his remarks yesterday suggest that he has become unsettled by the extent of sterling’s drop this year and potentially by the accusation that he has specifically tried to weaken the pound. If the MPC do judge that the falls in sterling in recent weeks have been ‘too far too fast’ there is reason to expect that the committee may collectively decide to delay further policy stimulus. This…


Added by Francesc Riverola on March 15, 2013 at 12:21pm — No Comments

Westpac - EM Asia: USD/KRW, USD/SGD & INR/IDR

Westpac - "EM Asia: USD/KRW: Risks to USD/KRW still appear skewed to the upside and while we should see more selling interest emerge in the pair on moves above 1120, it certainly doesn't fell like we have reached a top yet.

USD/SGD: We maintain our bias to buy dips in USD/SGD. Data momentum remains soft and if next week's inflation data is benign, we see scope for easier policy at the April MAS meeting. We would look to…


Added by Francesc Riverola on March 15, 2013 at 12:06pm — No Comments

Forex Specs

Added by Vasil Burlyanov on March 15, 2013 at 12:00pm — 3 Comments

EUR/USD Edging Higher as Markets Eye Key US Data

EUR/USD has edged higher in Friday trading, as the pair moved back above the pivotal 1.30 level. The EU Economic Summit continues and the Eurogroup Finance Ministers are also meeting today. The markets are waiting for the release of Eurozone inflation numbers. The trading week wraps up with a string of US data, including two major releases – Core CPI and UoM Consumer…


Added by Yohay Elam on March 15, 2013 at 11:10am — No Comments

BTMU - USD/JPY will find it difficult to sustain these levels once the BOJ takes its first monetary steps

Bank of Tokyo-Mitsubishi - "Our view is unchanged – we suspect yen weakness can carry on over the coming weeks into the first meeting, possibly through the second meeting but beyond then we expect the yen to correct stronger. Our three-month USD/JPY forecast is currently 92.00. With little sign of any major shift in risk appetite amongst Japanese households and with Life Insurance Companies more likely to reduce hedging ratios only gradually by buying on dips, we suspect USD/JPY will find it…


Added by Francesc Riverola on March 15, 2013 at 9:24am — No Comments

Gold 15th March

Hello All,

Metals pairs are slowly trying to get out of lows of 2012, but still struggling. Overall trend remains Bullish but momentum is not there to break strong resistance levels. 

Expect to gain against USD.

Posting a snapshot of the trade taken as per our analysis. Will post the out come end of day. So stay tuned.




Added by Sardar Uddin on March 15, 2013 at 9:14am — 1 Comment

Societe Generale - Three themes, one king

Societé Generale - "The FX markets are now under the influence of a trilogy of themes: the American economic revival, diverging monetary policy expectations and the (unfinished) euro area (EA) crisis.

Those themes all point in the same direction: a stronger dollar. Dollar strength is now far less dependent on risk conditions; the US economic outperformance and the fears of a not-too-distant Fed exit imply that the dollar is no longer a funding currency of choice in the carry trade. The…


Added by Francesc Riverola on March 15, 2013 at 9:11am — No Comments

JP Morgan - American energy independence and the dollar

JP Morgan - "The multi-year boom in US oil and gas production has spawned bold forecasts, such as eventual American energy independence and long-term dollar appreciation. The logic is simple and powerful: since America’s energy trade deficit has accounted for 30% to 50% of the country's overall trade deficit over the past decade, becoming a net energy exporter could improve the current account substantially and transform the dollar from a generally counter-cyclical asset like the yen to a…


Added by Francesc Riverola on March 15, 2013 at 8:49am — No Comments

UBS - EURUSD Focus is on the support at 1.2876; USDJPY Scope for further strength in the near-term

UBS - "EURUSD BEARISH Bearish trend conditions persist. Focus is on the support at 1.2876, a break below would expose 1.2662. Resistance is at 1.3074 ahead of 1.3134.

USDJPY BULLISH There is scope for further strength in the near-term. A break above 96.71 would open 97.79 and then 99.875. Support is at 95.45 ahead of 94.48.

GBPUSD BEARISH Yesterday's sharp advance does not change the broader bearish picture. Important resistance is at 1.5199. Support is at 1.4912 ahead of…

Added by Francesc Riverola on March 15, 2013 at 8:37am — No Comments

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