I have presented " tracking the forex market together " twin webinar on 16th Jan (yesterday).
The video recording of the same are available in the given below links:
HSBC - "The financial crisis has forced policymakers into some radical choices to underpin the global economy and financial system. Yet now, the market seems to be adopting a different radical notion – that the world is returning to normal and policy with it. FX markets flirt with the idea that the Fed may be ready to turn off the liquidity tap before too long. They ponder life without further monetary easing in the Eurozone or the UK. They look for China’s economic growth to return to the…Continue
Added by Francesc Riverola on January 16, 2013 at 6:41pm — No Comments
In a surprising announcement, World Bank officials have downgraded growth forecasts for the global economy in the upcoming year. The announcement is weighing heavily on major currency advancements, particularly the EURUSD. Continuing off of yesterday’s decline, the single currency still remains below 1.3320 support.
World Bank Lowers Growth
Officials at the Washington based bank today forecasted global growth to remain lackluster in 2013,…
Added by Richard Lee on January 16, 2013 at 5:44pm — No Comments
Japanese yen strength continued for the second straight session, keeping the USDJPY pair below 89.00 resistance in the near term. And, given the recent spate of bearish fundamental events, it’s possible the pair could see a test of support via the 86.00 in no time.
Japanese Consumer Slump
With the world’s third largest economy mired in an economic slump, today’s economic data release may have worsened the overall picture a bit. According…
Added by Richard Lee on January 16, 2013 at 5:42pm — No Comments
Currently we are 0.8303 after bouncing on the 214 Fibo. The target area up is the R5@ 0.8337 then 0.8383. This pair moves slow but pays big.. The average daily trading range (ATR) is 44 pips.…Continue
Added by Scott Barkley on January 16, 2013 at 5:13pm — No Comments
S/t outlook negative <3320 for a serious test of key supp @ 3265 (MET) and 3225 in ext .
Strategy to switch from longs off 3270 to shorts @3315 proved correct .TP on dips twds 3265/55 or trail stops down to 3310/20 targeting 3225/20 .
Like us (FB) and sign up for free research & trading strategies @ www.greenwhaleanalytics.com…Continue
Added by Greenwhale on January 16, 2013 at 1:57pm — No Comments
S/t outlook negative>6070 for a test of 5985 (MET ) and 5955/25
As expected cable sold off twds 5985 Despite sharp selloff we'd not
chase prices at current depressed levels as more choppy price action may be seen .
Our short strategy off 6030/50 area is in the money .TP @ 5985 or stay short with stops trailed down to 6040/50 targeting 5955/45 and 5925 in ext.
Like us (FB) and sign up for free research & trading strategies @…Continue
Added by Greenwhale on January 16, 2013 at 1:41pm — No Comments
From all the ideas received and…Continue
I have presented part I of " Tracking the Forex Market Together - Part I " webinar during European session.The recording of the same is available in the "recorded webinar video link" given below:…Continue
Added by Dr. Sivaraman on January 16, 2013 at 12:35pm — No Comments
Societe Generale - "The short JPY, CHF long EUR trade should lead to some consolidation ahead of the BOJ's meeting next week. EUR/JPY remains far from a break below the support of its upward trending channel. This presumably means that gamma will start to settle down after some panic buying in JPY and CHF crosses. EUR/JPY 1 week gamma once at 10 is now almost at 18. The equivalent EUR/CHF gamma moved from 2 to 8.
(...) We are now in a wait and see mode looking to buy USD/JPY on dips,…
Added by Francesc Riverola on January 16, 2013 at 12:24pm — No Comments
EUR/USD lost ground after Jean-Claude Juncker, head of the Euro group of finance ministers, said that the euro was too high. The pair has now dropped below the 1.33 line. In the US, retail sales numbers were strong, but manufacturing data disappointed. It is another busy day, with a host of releases out of Europe and the US, as both release important inflation data. In Italy, the country’s Trade…Continue
Added by Yohay Elam on January 16, 2013 at 12:20pm — No Comments
Recommendation: SHORT positions below 1.6180 with 1.5882 & 1.5753 as next targets.
Alternative scenario: The upside breakout of 1.6252 will call for a rebound to 1.6380/425.
Comment:Bearish momentum breakout has been completed on the daily chart at 1.6058, more losses are suggested as long as the pair trades below 1.6252, only a daily close above this level will reverse risks to the upside…
Added by Honey Bhai on January 16, 2013 at 11:37am — No Comments
More Top 10 lists today: the…Continue
Added by Francesc Riverola on January 16, 2013 at 11:30am — No Comments
Westpac - "AUD/GBP looks to be a buy on dips multi-week, eyeing 0.6650-0.6700, with the RBA not rushing to cut rates again given China’s stronger growth momentum and not coincidental recovery in iron ore prices.
The main threat to the pair in Q1 is likely to be a period of risk aversion in Feb-Mar stemming from the US debt ceiling negotiations. AUD/GBP fell steeply during the US’s Aug 2011 debt limit…
Added by Francesc Riverola on January 16, 2013 at 11:00am — No Comments
UBS - "EURUSD BULLISH The latest setback found support at 1.3249, a break below would trigger further correction to 1.3201. While this holds, risk is for a test of resistance at 1.3493.
AUDUSD BULLISH The important resistance is at 1.0625, a break above would expose 1.0744. Support lies at 1.0494."
Added by Francesc Riverola on January 16, 2013 at 10:56am — No Comments
HSBC - "USD - USD only expected to gain vs JPY, weaker elsewhere. Short-term direction: DXY
EUR - Further EUR upside against both USD and GBP. Short-term direction:…
Added by Francesc Riverola on January 16, 2013 at 10:33am — No Comments
Last week's 4.0660 low was the 3rd in a series of higher lows that suggest that EURPLN has formed a significant base.
As you can see from the chart an important Marabuzo line at 4.0930 protected the topside for a while but since that's been broken subsequent Marabuzo lines are acting as platforms that support setbacks and preparing for the next leg upwards.
We're now looking for 4.1200 to protect the downside…Continue
Added by Alan Collins on January 16, 2013 at 10:16am — No Comments
JP Morgan - "JPY weakness remains the key trend. While the short term setup suggests some pause is close, the medium term backdrop continues to deteriorate. Sell retracements. Stay long EUR/JPY, CAD/JPY, TRY/JPY, USD/NOK, USD/ZAR and EUR/CZK & short EUR/INR, NZD/CAD, NZD/NOK, EUR/KRW and ZAR/HUF"
Added by Francesc Riverola on January 16, 2013 at 10:13am — No Comments