Added by Naveed Anjum on December 5, 2012 at 11:27am — No Comments
With the EUR/USD approaching the 1.3138 level and the lack of progress on the Fiscal Cliff talks there is still some room for the Euro to reach 1.3138 and even 1.3170. Right now with overbought levels the pair is falling back from 1.3126, but it may retrace and get higher, depending on today's US ADP Nonfarm Employment Change news as well as US Jobless Claims and ECB Interest Rate decision tomorrow. Nonfarm payrolls on Friday will be the…Continue
Added by Thom Grey on December 5, 2012 at 11:13am — No Comments
Westpac - "AUD/USD has been resilient in the face of RBA easing and soft domestic data and faces few major local hurdles into year end, keeping dips shallow. Further Fed easing should lend support but likely mixed news on commodities and US fiscal policy should keep a lid on the pair, to around 1.04 at year end. The outlook seems more clearly positive for Q1 2013 however, as commodity prices should swing higher on stronger Chinese growth. We target 1.06 by…Continue
Added by Francesc Riverola on December 5, 2012 at 11:04am — No Comments
Rabobank - "CAD correlation to ‘risk’ (as proxied by % daily returns in S&P500)
1Week 1Month 3 Month 1Year
USDCAD -0.023 -0.901 -0.867 -0.863
GBPCAD -0.892 0.199 -0.403 -0.308
AUDCAD -0.857 -0.279 -0.691 -0.231
NZDCAD -0.925 0.700 -0.419 0.326
EURCAD -0.961 0.435 -0.237 -0.527
NOKCAD -0.925 0.446 -0.511 -0.021
SEKCAD C -0.965 0.554 0.051 0.204
JPYCAD C -0.869 -0.550 0.270 -0.731
CHFCAD -0.568 0.352 -0.410 -0.481
Added by Francesc Riverola on December 5, 2012 at 11:02am — No Comments
UBS - "EURUSD BULLISH The pair is approaching significant resistance at 1.3140/72 - a break above would extend the broader recovery phase to 1.3284. Support lies at 1.3046.
EURGBP BULLISH The risk is for extension of the recovery and next major resistance is at 0.8169. Support lies at 0.8099."
Added by Francesc Riverola on December 5, 2012 at 10:54am — No Comments
Be careful guys!!!!... hard to believe but it seems real :(
Some forex traders are so good they get kidnapped!
by Michael Greenberg at Forex Magnates
From a ‘funny if it wasn’t so sad’ story that came out of Russia:
In Kalmykia (region in Russian) three people were arrested for kidnapping a programmer who developed a…
ASSALAMOLAEIKUM MY DEAR FELLOWS
EURO TREND IS BULLISH TODAY
TODAY WE HAVE A DATA OF USD AND MAY BE ON THIS DATA EURO WILL AGAIN GOTO UP.
BUY EURO AT 3110 TP 3150 SL 3090
"MY ADVISE FOR EURO TRADERS DONT BE FOOL BY SELLING EURO" JUST BUY IT TILL FEBRAURY BECAUSE EURO CAN HIT 3180 IN 2013 OR BEFORE BECAUSE DOLLER IS IN…Continue
Added by Hussain malik on December 5, 2012 at 9:50am — No Comments
Recommendation: Long positions above 32.90 with 33.44 & 33.84 as next targets.
Alternative scenario: The downside breakout of 32.67 will open the way to 32.33 & 32.02.
Comment:.The pair found support at 32.67. more gains on the horizon, losing 32.67 will reverse risk to the downside and might target 32.00 levels !!
Added by Haitham653 on December 5, 2012 at 9:05am — No Comments
Added by David Pegler on December 5, 2012 at 8:23am — No Comments
EUR has continued upside progress as expected, and in short term it will try to break 1.3140, if unsuccessful the price will return to 1.3050 support. You have to watch this support zone 1.3030-1.3050, if the price breaks that zone enter SHORT for 1.2940 and below. If we break 1.3140 next stop will be at 1.3180-1.3200. Many analysts are forecasting a fail there. Technically the EUR has the potential to reach 1.3320-1.3350 before Christmas, but let's see what will happen. Please remember that…Continue
EURO @ 1.3114 = Since there is no news from US on fiscal cliff yet, market is watching Central Banks behaviour globally. While, Malawi had to raise its interest rates by 400 basis point to defend its currency, Uganda slashed its rate for the 9th time this year to stimulate its ailing economy.
But Bank of Canada’s policy rate announcement to maintain its rate that was kept unchanged for 18th consecutive time was a bit of surprise as market was expecting hike as…
Recommendation: Long positions above 1.3060 with 1.3120 & 1.3145 as next targets.
Alternative scenario: The downside breakout of 1.3045 will open the way to 1.3015 & 1.2985.
Comment:.The pair found support above 1.3060. Now challenges strong resistance on daily and weekly,stability above 1.3108 will bring strong bullish momentum and might test 1.3139/71 levels.…
Strategy: Average @1705
Take Profit @1683
Stop Loss @1712
Added by Ronald Mewengkang on December 5, 2012 at 2:03am — No Comments