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
Societé Generale - "Sometime soon after the publication of the G7 communique on foreign exchange rates, policy-makers met resistance to the idea of effectively giving Japan carte blanche to go on weakening the yen. Markets were told that everyone was misinterpreting the communique (I certainly didn't read any concern about a weaker yen in the statement) and so the yen shorts were duly cut back. The resistance to a weaker yen is greater outside the G7 economies (but within G20) and the rally…Continue
Added by Francesc Riverola on February 13, 2013 at 10:24am — No Comments
Live Squawk launches unique audio-visual Technical Analysis
Added by Francesc Riverola on February 13, 2013 at 10:20am — No Comments
On a night out with friends, you start flirting with a beautiful girl at the other side of the room.
Making ostentatious gestures of how funny your friends are. What a nice person you are, greeting acquaintances like long lost friends.
You will do anything to keep that beautiful girl’s attention.
The excitement is building and after around 20 minutes you have built up the courage to walk over and actually talk to this vision.
Then she gets up off her seat,…Continue
EURUSD found some support yesterday and is now testing the upper side of a corrective channel. As such, we need to be aware of an uptrend continuation as A-B-C corrective decline from 1.3710 may have already finished. However, recovery from latest swing low is still not in five waves, therefore we need to wait on more price data and time before bullish run for the EURUSD can be confirmed. Ideally, current recovery from 1.3350 will extend in five waves towards 1.3550 with a daily close above…Continue
Added by Gregor Horvat on February 13, 2013 at 8:16am — No Comments
Recommend Sell 1652.00 Target 1638.00 Stoploss 1656.00
Note : A clear Breakout of 1656 is Bullish then target 1662.00
Recommend buy at 97.00 Target 98.20 Stoploss 96.50
Note : A Clear Breakout of 96.50 Is Bearish Then Target 95.80
Recommend buy at 1.3450 Target 1.3516 Stoploss 1.3405
Note : A clear Breakout of 1.3405 is Bearish Then Target 1.3360
Recommend Sell at 1.5680 Target 1.5610 Stoploss 1.5720
Note : A clear breakout…