Here you see my GBP/USD daily chart!
Clearly we have the 61.8% GOLDEN FIB level being touched upon! after the sharp decline we have seen.
I think 1.5680 is a good buy point targeting 1.5800!
will watch for a bounce from this fib level :) before medium term direction can be…Continue
Added by Shaun Powell on January 28, 2013 at 12:49pm — No Comments
Added by Tahir Khan on January 28, 2013 at 12:49pm — No Comments
The prices of precious metals shifted gear again and this time declined last week. The recent news of the hike in the imposed tax on gold imports in India may have contributed to the expectations the demand for gold in this country will fall. In the U.S several reports came…Continue
Added by Lior Cohen on January 28, 2013 at 12:30pm — No Comments
GBP/USD continues to grind lower, in a slow but steady fall. The pair is trading at a 5 month low, with sterling showing weakness against many other currencies. Here are 3 reasons for the drop, and a guide to the next technical levels.Continue
Added by Yohay Elam on January 28, 2013 at 12:24pm — No Comments
Deutsche Bank - "We remain bullish EUR-crosses and bearish JPY. Balance of payments and monetary policy trends are highly supportive of the former but detrimental to the latter. We continue to target 1.37 in EUR/USD, 0.88 in EUR/GBP, 1.27 in EUR/CHF and 95 in USD/JPY.
(...)In the meantime, the flow story in Europe is the mirror image of Japan's. This week’s current account numbers showed another new record wide current account deficit for November, equivalent to around 2% of GDP on an…
Added by Francesc Riverola on January 28, 2013 at 12:19pm — No Comments
JP Morgan - "Trades: In the macro portfolio, stay long EUR/GBP, EUR/JPY and USD/JPY. Re-enter long NOK/JPY and sell GBP/SEK. Sell a EUR/CHF call to fund a EUR/GBP call. Hold a 2-mo worst-of basket of USD/JPY and AUD/USD. Stay short USD vs. basket of AUD, RUB and KRW. In the derivatives portfolio, open 9-mo DNTs in crosses (NZD/SEK, GBP/CAD, NZD/MXN). In the technical portfolio, stay long CAD/JPY, TRY/JPY, USD/ZAR and EUR/CZK."
Added by Francesc Riverola on January 28, 2013 at 12:07pm — No Comments
Here is my XAU/USD GOLD weekly chart!
As you can see Gold has been ranging between $1565 > $1783 Per ounce since Nov 2011! creating all time high just before @ $1918
Last week GOLD put in a bearish engulfing candle, bouncing off the upper channel line. I would say it it time for gold to revisit…Continue
Here is my NZD/USD H4 chart
As you can see we have a very strong breakout bar striking clean through support!
We have the breakout, now we must wait for the pullback (to resistance. former support) and the continuation!
I expect this pair to reach the lower support 0.8175…Continue
Added by Shaun Powell on January 28, 2013 at 11:15am — No Comments
Goldman Sachs -…
Added by Francesc Riverola on January 28, 2013 at 10:55am — No Comments
Rabobank - "Our medium-term target for EUR/USD has stood at 1.3500 for some time. As long as risk appetite holds we continue to expect the EUR to remain well supported and the USD to remain on the back foot suggesting there is scope for an upward revision to our forecast. That said, we continue to warn that there is scope for pullbacks. In the year as a whole we expect the Eurozone to be unable to produce any growth at all. While there is plenty of opportunity for economic data to provide…Continue
Added by Francesc Riverola on January 28, 2013 at 10:42am — No Comments
Despite a steep drop coming into the New York session, the USDCHF currency pair is forecast to make a rebound in later trades on upcoming economic data from the world’s largest economy. Orders for durable goods probably climbed in December, showing that the nation’s manufacturing sector saw some stability towards the end of the year after a mid-year slump.
The US dollar fell opposite the Swiss franc by 31 pips on a temporary halt to the rally in the European stock markets. This led…
Added by Aviv Shapiro on January 28, 2013 at 10:40am — No Comments
Recommendation: LONG positions above 1.3424 with 1.3485 & 1.3520 as next targets.
Alternative scenario: The downside breakout of 1.3424 will open the way to 1.3380/1.3350.
Comment: The pair's already found support at 1.3424, above this level will push the pair higher towards 1.3500 levels, below this level will reverse risks to the downside to 1.3380/1.3350.…
EUR/USD has edged lower as we begin a new trading week, and was trading in the mid-1.34 range. The euro enjoyed an excellent week, gaining over a cent against the US dollar. Eurozone M3 Money Supply was a disappointment, dropping to a three-month low. In the US, there are two major releases on Monday – Core Durable Goods Orders and Pending Home Sales.
Added by Yohay Elam on January 28, 2013 at 9:44am — No Comments
USD has been trading higher against its rivals during the Asian trading hours. AUD, GBP and CAD are still one of the weakest while JPY is trying to find some support for the near-term. Larger picture of the markets remains unchanged but still very messy.
Below we have an overlay chart between some major FX currencies compared to S&P Futures and Crude Oil. We can see a strong negative correlation between FX pairs where only the EUR is moving higher in-line with risk-on assets,…
Added by Gregor Horvat on January 28, 2013 at 9:43am — No Comments
BBH - "We had been persuaded by the potential double top in the euro near $1.34 and the divergence in the RSI that the dollar's gains were likely to broaden. However, news that the banks repayment of the LTRO funds was greater than expected, and the backing up of Euribor rates, pushed the euro through the ceiling. The next immediate target is near $1.35, which also corresponds with a 50% retracement of the euro's decline from its last attempt at $1.50 back in May 2011. The $1.3400 area…Continue
Added by Francesc Riverola on January 28, 2013 at 9:31am — No Comments
Royal Bank of Scotland - "The IMM futures market suggests that the market remains significantly long USD/JPY, but it has tended to take profit for the last six weeks in a row after reaching its record short JPY position back on 4-Dec. The profit-taking reflects the rapid fall in the JPY and the sense of many that it was due a correction or would not be sustained as Japan policy makers failed to follow through with their rhetoric. That sentiment appears to be fading and the strong rally in…Continue
Added by Francesc Riverola on January 28, 2013 at 9:26am — No Comments
I have explained the expected market moves for today (28th jan) and for the week 28 Jan -01 Feb. during the webinar .The recording of the webinar is available in the given below link:
We could come accross more volatile moves with upward bias in…Continue
Added by Dr. Sivaraman on January 28, 2013 at 9:00am — No Comments
Weekly technical indicators point at further depreciation of Kiwi while the previous candlesticks structures send sell signals suggesting potential bearish correction.
Added by Honey Bhai on January 28, 2013 at 8:30am — No Comments