HSBC - "The best and worst of 2013:
Buy EUR-GBP Sell USD-JPY
Added by Francesc Riverola on January 7, 2013 at 1:55pm — No Comments
BBH - "Yen: The JPY88.80 area is the next immediate dollar target. As the JPY90 area is approached, it may be increasingly important to watch how the yen performs in Asia and whether Japanese corporates try to lock in profits or hedges. Buying dollars on modest dips is likely to be the preferred strategy of the trend following and momentum traders. We anticipate pullbacks to be limited to the JPY86.80-JPY87.30 range.
Sterling: The recovery before the…
Added by Francesc Riverola on January 7, 2013 at 1:50pm — No Comments
Rabobank - " In our view EUR/USD will also end the year moderated higher (around EUR/USD1.35). Even though we see a significant chance of the ECB cutting rates again this year which is currency negative, the EUR in 2012 proved itself to be very sensitive to sentiment regarding the coherence of EMU. The market is still very short of the EUR, but in H2 2012 confidence in the future of EMU was strengthened allowing the EUR to reclaim ground. We expect the EUR shorts will continue to be eroded…Continue
Added by Francesc Riverola on January 7, 2013 at 1:45pm — No Comments
BNZ - "In the short-term, we suspect the NZD/USD will continue to trade at the whim of offshore risk appetite and equity market sentiment. Key in this regard is not only the strength of global data (which for the moment remains encouraging), but also US political developments with regard to the spending cuts portion of the fiscal cliff and the fast approaching US debt ceiling. The fundamentals underpinning…Continue
Added by Francesc Riverola on January 7, 2013 at 1:08pm — No Comments
In my last update on December 26 I was suggesting that the corrective pattern from the July 2012 high had resumed the downtrend with the second wave (A) (Off the November´s peak) within the assumed Double Zig Zag From last July´s top. (Blue count)
Today I lower substantially the odds that price has began a new Zig Zag down, instead I believe that a more likely outcome will imply a larger sideways correction or even an upward move if bulls reclaim the pivot resistance at 81.52 (Black…Continue
Added by ANDREA CALISSANO on January 7, 2013 at 12:32pm — No Comments
Added by Honey Bhai on January 7, 2013 at 11:11am — No Comments
The EUR/USD is steady as we begin the new trading week. The pair has leveled off after last week’s sharp slide, and remains above the important 1.30 line. On Friday, US employment numbers did not bring any surprises, while ISM Non-Manufacturing came in well above the estimate. There are only two releases on Monday, both out of the Eurozone. Sentix Investor Confidence posted another decline, but…Continue
Added by Yohay Elam on January 7, 2013 at 10:34am — No Comments
Bearish sign on RSI 14 as it breached its momentum support. In the interim, AROON continued to give off negative signal suggesting additional bearishness, particularly if oil succeeds to come below 92.25 once again i see crude oil to target 89.27 at least in this week......…Continue
Added by Honey Bhai on January 7, 2013 at 9:48am — No Comments
ASSALM O ALEIKUM my dear fellows
first of all thanx to ALLAH
trend is bearish
i think in these 1 or two days EU can hitt 1.2930 but not continuously infact slowly slwoly
recently EU maked M in h1 so now it can move up one time for…
Added by David Pegler on January 7, 2013 at 7:53am — No Comments
Here is one of my reasons for entry after my downside target of 1.2990 area was hit I am now long with a target of 1.3471 as shown on my weekly chart. Daily chart showing good support supported by weekly S3 a bounce of the 50 day sma, and 61.8% retracement. For those who are used to seeing me in the chat room I will only be visiting there when my targets are hit and or i am expecting a reversal as the madness of the room distracts my trading.…Continue
Added by forex max on January 7, 2013 at 7:30am — No Comments
Added by HectorFXtrader on January 7, 2013 at 7:09am — No Comments
I have a bearish bias for this week. I like to see the pair in the 1.3120 area to short it to 1.2950
Added by HectorFXtrader on January 7, 2013 at 6:52am — No Comments
EUR has dropped 40 pips this morning in early Asia reaching again the support line @ 1.3030 and seems to continue its further fall in the beginnning on this week. First important support is 1.2970-80 if broken we are going to 1.2900 where is the second important support. The final support is 1.2780 but that won't be reached today. Below the last EUR will enter in a free fall mode and will reach 1.2600.
GOLD has made a huge drop and a huge recovery, which means that everybody used the…Continue
Looking at the dauly DX, I see a bearish start to bullish at the end of the week.
I see first support at 80.30 (weekly CPP) and resistence target at 81.50
And in the 4H…Continue
Added by HectorFXtrader on January 7, 2013 at 3:30am — No Comments
Happy New Year Everyone !!!
Here are my first analysis for 2013, let hope 2013 brings us all alot of pips, with that lets get trading !!!
Market open with some significant gaps in some pairs after holidays. Last week market get back into rhythm and this week everything start again....
Outlook USD Weak
Foreign Currency Reserves …Continue
Added by Sardar Uddin on January 7, 2013 at 3:25am — No Comments
The world financial market did survive, albeit meekly, a scary 2012. The Eurozone sovereign debt crisis that went through a long phase of struggle before making a recovery appears to be in a better shape and China, which was struggling to make a strong comeback, is now on a recovery path.
And then finally a last minute patch-up by the US Congressmen did not allow 'fiscal cliff' to overstep the deadline last week. But this does not ensure that there will be economic hiccups as the…
buy euro usd now and take a stop loss of 1.2997 take profit at 1.3155
GOLD: Unless GOLD triggers a corrective recovery following its flat close the past week, our broader bias remains to the downside. 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 pointing lower supporting this view. GOLD must return to 1,694 level to…Continue
Added by fxtech on January 6, 2013 at 11:46pm — No Comments