GOLD: While GOLD may have halted its declines and triggered a mild recovery, it still faces bear threats. As long as GOLD remains below its declining trendline resistance, our broader bias remains lower. Support lies at its December 2012 low at 1,625 level. Further declines could mean a return to 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. Its weekly RSI is bearish and…Continue
Added by fxtech on January 9, 2013 at 10:48pm — No Comments
Capital Economics - "While the lull in the euro-zone debt crisis has continued in recent months, the news on the region’s economy has remained distinctly downbeat. Despite some improvement towards the end of last year, activity indicators remain generally consistent with a deepening of the recession in the single currency area during 2013. We expect a 2% drop in euro-zone GDP, a much weaker out-turn than that expected by the consensus. This will both hinder the efforts of the peripheral…Continue
Added by Francesc Riverola on January 9, 2013 at 6:11pm — No Comments
Goldman Sachs -…
Added by Francesc Riverola on January 9, 2013 at 5:53pm — No Comments
Westpac - "SCENARIOS
1. Debt limit raised by at least $1trn well ahead of deadline: <5%.
2. Debt limit raised late Feb, very close to default date: >85%
3. Government goes into partial shutdown in order to make interest payments: 10%.
4. Debt limit raised without fiscal concessions/ President Obama invokes 14th Amendment: 0%.
BOTTOM LINE FOR MARKETS: Under our most likely scenario, risk currencies should suffer damage at times,…
Added by Francesc Riverola on January 9, 2013 at 5:49pm — No Comments
Starting today, we do not accept anymore blog posts that do not allow comments. This is a community to interact with others, so we do not see the point to ban interaction.
Those closing comments will be asked to stop this practice. If they persist, they will be banned from the community.
Extending on the close below 1.3100 psychological support, EURUSD continues to decline on the session. The move lower is seen as a simple extension of the technical break, bolstered by bearish data that continues to fuel speculation over an ECB rate cut decision tomorrow.
According to Eurostat data, the European economy contracted by a finalized 0.1% in the third quarter of last year. Although relatively expected by the…
Added by Richard Lee on January 9, 2013 at 4:32pm — No Comments
$EURJPY Recent drop a chance to rebuy?
After O/N spike rate experienced rollercoaster action in Europe plummeting twds 114,00 mark. As expected 23% Fibo res provided chance to enter longs S/t outlook remains constructive abv 113,70/60 area .Sticking to longs.Like us and sign up for free research & trading strategies @ www.greenwhaleanalytics.com…
Added by Greenwhale on January 9, 2013 at 4:18pm — No Comments
S/t outlook still bearish with no signs of basing. Cable moved easily through supp @ 1,6020/10 opening test of 1,60/1,5960 area.Sticking to shorts off 1,6120 for extension lower . (unf part was squared too early) .Like us and sign up for free research & trading strategies @ …
Added by Greenwhale on January 9, 2013 at 4:16pm — No Comments
$USDJPY Upside pressure shld persist for a while
S/t outlook turns bullish >87,15 .Consilidation in 87,40/50 area shld create a base for a retest of 87,80/88,00 res zone .Sticking to longs .Like us and s ign up for free research & trading strategies @ …
Added by Greenwhale on January 9, 2013 at 4:09pm — No Comments
$EURUSD Still no signs of bottom but buyers active on dips
As expected moved lower in Europe and early Noram .S/t oulook milldy bearish <3100 for an extension lower but momentum unimpressive so far. Sticking to shorts but willing to TP on dips
Like us (FB) and sign up for free research & trading strategies @ …
Added by Greenwhale on January 9, 2013 at 4:00pm — No Comments
My first blog post for the community. I've been writing about gold since it was trading around $800 per ounce & suggesting to anyone who would listen to go and buy some!! So, you could say I'm a bit of a fan!
February gold futures continued to trade in a narrow range yesterday, having opened the session at $1647.60 before finally closing $15 per ounce higher at $1662 per ounce, recovering some of the losses suffered on Monday.
Royal Bank of Scotland - "One by one the drivers of AUD strength gave way last year, as slowing Chinese growth, falling commodity prices, USD strength and even the narrowing interest rate differential all argued for a lower Aussie. Against this background, the AUD has proven nothing if not resilient, sustained by resource project capital inflows and foreign purchases of AUD bonds. But are these last pillars of support also at risk? The RBA sees mining investment peaking later this year,…Continue
Added by Francesc Riverola on January 9, 2013 at 3:12pm — No Comments
Shallow dip in AUDJPY has found fresh buyers.
Intraday strength indicators (RSI) have given positive signal in last couple of hours. 92.86 top then 93.23 targeted.…Continue
Currently we are at 1.6004 and breaking the descending wedge which is bearish for the pair. The target area down is the support cluster @ 1.5904-5916. The average daily trading range (ATR) is 57 pips.…Continue
Added by Scott Barkley on January 9, 2013 at 2:13pm — No Comments
The intraday outlook is negative below 1.3100 resistance area and I favor a slide towards 1.2997 low before reversal for one more test around 1.3175. But this is all technical and the driving power will be tomorrows…Continue
Added by Drago Titev on January 9, 2013 at 1:30pm — No Comments
Swissquote is now among the Data Sources you can select in our Retail FX Rates.
Check it out!
Added by Francesc Riverola on January 9, 2013 at 12:30pm — No Comments
UBS - "USDJPY BULLISH The pair is consolidating and the strong support lies at 86.67. While this holds, the risk is for resumption of strength. Resistance is at 88.41 ahead of 89.19.
USDCHF BEARISH With the momentum threatening to cross lower, the risk is for resumption of downside. Support lies at 0.9165 ahead of 0.9079. Resistance is at 0.9303/47."
Added by Francesc Riverola on January 9, 2013 at 12:30pm — No Comments
BBH - " Major currencies have been confined to narrow ranges, with only the Japanese yen showing much movement. Both the dollar and euro have recovered nearly all the ground lost against the yen yesterday. The news stream was light and the market continued to focus on the likelihood that the BOJ eases policy again in a couple of weeks. USD/JPY is trading around 87.50 as yesterday's yen strength gave Tokyo operators a new and better selling opportunity. (...) There is much market talk about a…Continue
Added by Francesc Riverola on January 9, 2013 at 12:25pm — No Comments
The skirmish between the commodity dollars today is set to direct the Canadian dollar above its Australian counterpart after the Land Down Under posted an unexpected decline in retail sales performance. Risk appetite is still trying to reignite as US corporate earnings season starts to kick in.
After rounds of profit taking from a sharp rally at the start of the new year subsided, investors now await corporate earnings season to kick off in full force. Asian shares were mostly…
Added by Aviv Shapiro on January 9, 2013 at 12:16pm — No Comments