JP Morgan - "The JPY has room to extend its latest gains within its broader 4th wave recovery
Given the break below first Fib.-support at 119.41 (minor 38.2 %) in EUR/JPY we see additional downside to 117.25 (38.2 % on higher scale) where the market would offer the perfect risk-reward to bet on a still missing 5th wave advance towards 132.04 (50 %). Similar setups are given in USD/JPY and in various JPY-Crosses where we see good JPY selling opportunities against 89.78 and 88.78/04 (int.…
Added by Francesc Riverola on March 4, 2013 at 12:01pm — No Comments
Deutsche Bank - "Given our bullish USD view for the rest of the year, we’re turning bearish EUR/USD. Even if Fed QE continues throughout 2013, US 2-year yields will turn up this summer and there’s little additional good news that can be priced into the euro. EUR/USD should lag broad dollar moves however, as the Euro-area’s external accounts look good, suggesting most EUR-crosses are likely to hold up. We’re looking for 1.20 over the course of H2.
(...) For the last three years, the…
Added by Francesc Riverola on March 4, 2013 at 11:17am — No Comments
Royal Bank of Scotland - "I could buy dollars because US growth recovery is (relatively) more robust than elsewhere. Just don't mistake that for a 'US hits escape velocity growth' dollar story. As the debt sequester kicks in, it's more a 'US muddles along, Europe (including UK) does worse', story. (My name is Cliff Fiscal. I can be volatile. As of March 1st I am reality ....)
I will buy dollars because the world is still a fundamentally risky place. That's a world in which the dollar…
Added by Francesc Riverola on March 4, 2013 at 10:56am — No Comments
In graf above you can see what trend is downtrend or uptrend.
Intraday: resistance level is 1.3212
Day: The resistance level is 1.3300 after cross this level it will continue in uptrend.
Intraday: Resistance level is 1.5214.
Day: The resistance level is 1.5481 after cross this level will start long time…Continue
Added by Miroslav Dolezal on March 4, 2013 at 10:49am — No Comments
Danske Bank - "AUD/USD – Corrective structure nearing completion
Strategy summary – Buy at 1.0150 for an objective of 1.0857. Place stop at .9950.
US 2v10 - year yield spread – Minor triple top caps
Strategy summary – Enter into a flattener with scope towards 145, possibly 134. Place a protective stop above 175."
Added by Francesc Riverola on March 4, 2013 at 10:49am — No Comments
This year have given traders Volatility, Trends and Opportunity.
Currency markets are no longer frozen under the weight of a coma induced by financial regulators, Central Banks and Politicians.
In the past few months I have got some things right, not everything I would like to stress. The recovery…Continue
Added by Brian Kiely on March 4, 2013 at 10:41am — No Comments
BBH - "Euro: The month-long slide is carrying into March. The euro broke below $1.30 for the first time since mid-December. While momentum indicators are getting stretched, there is not divergence. Our next target is near $1.2880, the 50% retracement of the gains scored after ECB's Draghi promised to do whatever it took (within his mandate, broadly interpreted). The 200-day moving average is a bit lower, near $1.2840. A break there signals a move toward $1.2700. On the…Continue
EUR/USD remains under pressure, as the pair struggles to stay above the all-important 1.30 level. The markets are nervous as US lawmakers could not reach an agreement on how to deal with the country’s budget deficit, which resulted in automatic spending cuts on Friday. The week is getting off to a quiet start, with no US economic releases on schedule. In the Eurozone, there was some positive news…Continue
Added by Yohay Elam on March 4, 2013 at 10:35am — No Comments
Societé Generale - "The US sequester, softer Chinese non- manufacturing PMI data, and on-going Italian political uncertainty are giving us, again, a somewhat risk averse start to the week. We’re in a slightly strange market where risk aversion rules, but major equity indices are in a bull market all the same, thanks to Fed policy. For all that though, starting the week long USD against GBP, AUD, and a raft of other over-priced European currencies (EUR, CHF, NOK) seems the right strategy.…Continue
Added by Francesc Riverola on March 4, 2013 at 10:30am — No Comments
UBS - "EURUSD BEARISH A closing break below 1.2998 would be an important bearish development, exposing 1.2877. Resistance is at 1.3162.
USDJPY BULLISH The recent strength reinforces the broader bullish theme and focus is on resistance at 94.77, a break above this would open 97.79. Support is at 92.01.
GBPUSD BEARISH Bearish trend conditions persist. The support focus is at 1.4949, a break below would expose 1.4687. Resistance is at 1.5104 ahead of 1.5222."
Added by Francesc Riverola on March 4, 2013 at 10:30am — No Comments
Added by Sardar Uddin on March 4, 2013 at 9:01am — No Comments
No "Silver Lining" for Silver today !!
Metals are settling into down trend after strong bullish moves earlier last week. Currently bears are keeping their hold on Metals, thus keep your shorts.
Our outlook for Silver is Short.
Added by Sardar Uddin on March 4, 2013 at 8:51am — No Comments
Recommendations: Long positions above 1.2986 with 1.3040 & 1.3100 as next targets.
Alternative scenario: The downside breakout of 1.2986 will open the way to 1.2915/1.2875.
Description: The pair finds support at 1.2986 levels, as long as this level holds, rebound is suggested to 1.3040/100 levels, only an hourly close below 1.2986 will reverse risks to the downside and target 1.2900…
Added by David Pegler on March 4, 2013 at 7:39am — No Comments
EUR is still under heavy downside pressure, there are also speculations that ECB has to do a rate cut soon these rumors even have thrown a shadow over the fiscal cliff problem in the USA which seems to be still unsolved. In this situation the dollar firmed its positions against most of the currencies including GOLD too. The precious metal is now prepaired for another dive deeper. This morning's trade started very calmly because we are currently almost in the middle of the rance between…Continue
Maybe today there is a good possibility to enter long aussie/jpy. I see that AUD is oversold it and some bounce could happen (or not!). …Continue
Added by Igor Titara on March 4, 2013 at 5:15am — No Comments
I am selling eurjpy with 100-200 pips's range.
Seems appropriate considering europe fundamental data.
I remain bearish on eur crosses.
Dinapoli target give me a hint that we could close position at 120,26. Will it happen?
US economy drama is far from over and by this reason USD could follow some rise trend. Seems the most logical step for now but everything could happen.
To buy USDCHF could be nice for a while. Expecting a targeting of 50/80 pips in Sunday-Monday.
So, buying at 0,9419 with target in 0,9460/90 and SL of (-50 pips).
Prepare your coffee for a nice up. …Continue
Added by Igor Titara on March 4, 2013 at 12:58am — No Comments
My hands down choice for FX Trade of the Week (TOTW) is a EUR/JPY short position taken near the 125 level during the Monday 25 February New York morning trading session. As the chart below illustrates, the confluence of two trendlines -- the blue one from the 4-hour chart featured in my February 11-15 TOTW post, the red one based on a series of…Continue
Added by Curt Wehrley on March 4, 2013 at 12:25am — No Comments