... and yesterday the site jumped to new highs... I do not want to wake up of this dream..... beautiful!!! :)
Thursday January 10th 2013
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Any prediction based on charts technical analysis?
HSBC - Key trade: Buy AUD-JPY
Entry: 94.26 Target: 99.30 Stop: 91.70
We see three factors driving AUD-JPY higher in the short-term
1) A risk-on mood bolstered by dovish Fed speakers
2) AUD upside on the back of stronger than expected China data
3) Ongoing JPY weakness in the run-up to BoJ meeting.
Added by Francesc Riverola on January 11, 2013 at 5:29pm — No Comments
Societe Generale - "Dealers are short ATM and topside region, against long downside a tad above 1.20 obviously and then short again sub 1.20. In other words, a lousy position. Expect spot vol correlation to be massive, spot higher, vols higher big time all way till 1.24sh cause then dealers get long again from call spreads. Strikes then spread from 1.2250/1.23/ around 1.24/ 1.25 and general unpreparedness for a weaker CHF in the market making community."
Added by Francesc Riverola on January 11, 2013 at 4:41pm — No Comments
Deutsche Bank - "The pound's greatest flow strength could turn out to be its greatest weakness though. In contrast to Switzerland's steady inflow, the UK saw a 350bn GBP collapse in short-term flows in the first few years of the crisis, only to subsequently rebound as Eurozone tail risks picked up (chart 2). This could reflect outright inflows or liquidation of UK assets and hoarding in cash. We think this pattern puts sterling at major risk this year. First, we doubt this pace of…Continue
Added by Francesc Riverola on January 11, 2013 at 4:33pm — No Comments
In his first fiscal move since being re-elected as Japan’s prime minister, Shinzo Abe announced plans today that would pump more stimulus into the Japanese economy before Upper House elections in July. The enormity of the stimulus package has lifted concerns of further yen debasement, allowing the USDJPY pair to rocket through the 89.00 resistance barrier.
According to statements released by the Cabinet Office in the…
Added by Richard Lee on January 11, 2013 at 2:06pm — No Comments
Economic fundamentals are back in focus for next week with key data releases likely to dictate major currency price action. Incidentally, traders will continue to eye speculation regarding the impending debt ceiling debate, along with US earnings, as it coordinates with the rising concern over an early withdrawal of Fed stimulus.
UK Consumer Price Index (January 15th, 4:30AM EST)
Although not recently gaining attention, this month’s UK…
Added by Richard Lee on January 11, 2013 at 2:05pm — No Comments
Lower highs dominated the 2nd half of 2012 in USDMXN and prices are now trading to the lowest levels since Sept 2011.
However it is the latest down-leg from the end of December that I want to draw attention to. As you can see from the chart, the decline has been like steps leading to these significant lows. Each sharp fall beginning with Dec 31st - where incidentally a short-term sell signal was generated - created a Marabuzo line.
The most important being the one formed on Jan 2nd.…
Added by Alan Collins on January 11, 2013 at 2:00pm — No Comments
Currently we are at 1.2619 and testing a break of the resistance. The target area up is the R5@ 1.2703 then 1.2737. The average daily trading range (ATR) is 89 pips.…Continue
Added by Scott Barkley on January 11, 2013 at 1:59pm — No Comments
The US dollar is set to recover some of its earlier losses versus the Australian currency this week, as investor sentiment turned sour from earlier released economic data. Chinese inflation was reported to have quickened more than expected, spurring investor concerns and weakening the Aussie in turn.
After reporting yesterday that imports rose to a record in the world’s second largest economy’s biggest overseas market, Asian shares fell earlier today as a pick-up in Chinese…
Added by Aviv Shapiro on January 11, 2013 at 11:02am — No Comments
S/t outlook positive > distant 116,80 Rally overdone .TP @ 118,15
Pullbacks shld be seen as buy opp
Added by Greenwhale on January 11, 2013 at 10:51am — No Comments
Societe Generale - "The ECB effectively declared a conditional victory in the fight against financial market turmoil yesterday and is likely to be on hold for a while. That, at any rate, is what we took from the press conference after the ‚unanimous‛ decision to leave rates on hold. This highlights the on-going difference between the ECB approach and that of the US Fed. The ECB does not see the revival of the Euro Zone economy and turning around the upward trend in unemployment, as its main…Continue
Added by Francesc Riverola on January 11, 2013 at 10:21am — No Comments
$EURGBP pushed higher on EUR strenght across the board
S/t outlook improved on break of 8160 Bullish mom is maintained while abv>8195 .Rate is testing daily res @ 8235 at the mom of writing We feel that break abv and push higher on stops may be a good moment to take profit .Longs set yesterday on dip to 8150 are in the money .TP or trail stops to 8190 area . Pullbacks shld be seen as a buying opp.…Continue
Added by Greenwhale on January 11, 2013 at 10:16am — No Comments
S/t outlook improved on break of 6120. Shld see some upside in n/t but allow for a retracement before next leg higher .Mkt faces strong res in 1,6180-90 area ( Fibo +swing Fibo ) that shld cap for a mom .
We squared longs viewing recent surge as overdone.Looking for pullbacks to reenter longs with 1,6230/50 as a target
*Aggresive players may try small contra-trend shorts in 1,6170/80 area with tight stops >1,6205 target…
Added by Greenwhale on January 11, 2013 at 9:13am — No Comments
Yesterday's strong move higher has ended the setback from last month's top.
Prices are now back above the 13 day ema that supported the last bull trend so well.
There is potential for a dip towards 1.2976, half of yesterday's net gains, but only a daily close below that point would threaten this view.
Upside potential to an immediate 1.3116, then 1.3187.…Continue
USDJPY indeed moved significantly yestedrday ,pushing thru res @ 88,40 and testing lvls abv 89,00
S/t outlook is positive but looks stretched .We think that progress on the upside will be more and more laboured as we get close to 90 handle .Recent surge twds 89,40 meets our swing target of 161,8% (88.40-86,85) We took profit @ 89,30 and staying flat atm …Continue
Added by Greenwhale on January 11, 2013 at 8:44am — No Comments
Mkt is facing key Fibo (88,2%) res @ 3285 and tech res @ 3310.
Magnitude of recent rally suggeests we may see push abv @ 3310 at some juncture .However as long as this level holds we are still in range with some risk of pullback before next leg higher. We do not see current levels as attractive from R/R perspective and would not chase the price here
We were catchnig mkt on diff lvls yesterday from 3120 to 3150 .TP in 3280/3300 area .…Continue
Added by Greenwhale on January 11, 2013 at 8:24am — No Comments