A mixed outlook from Germany gave euro bulls a pause this morning but unexpectedly poor U.S. manufacturing and housing data and their potential impact on monetary policy brought the euro back to within points of it January 1st high.…Continue
Added by Joseph Trevisani on February 18, 2014 at 7:15pm — No Comments
Most viewed Forex Webinars for the week of February 10th - 16th:
#1 Sam Seiden - Finding Key Profit Zones in Forex
#2 Steve Ruffley -…Continue
Added by Francesc Riverola on February 18, 2014 at 9:59am — No Comments
Full webinar recording:
Global Linkages- Past, Present and Future
Without any important economic data EUR traded in a narrow range yesterday and this morning too. For today Germany's ZEW will be released, and the data is expected to be mixed to good, later we have the New York Empire Manifacturing index which last time came a lot better than expected, but to beat the previous result will be hard and from the USA we also expect Treasury International Capital flows and the number here is quite possible to be worse too. So for today we have a great…Continue
Added by Vladimir Mihaylov on February 18, 2014 at 6:17am — No Comments
Added by Omkar Godbole on February 18, 2014 at 4:26am — No Comments
The correction we discussed in our weekly commentary has begun in this market now. We are waiting for price to move back to the EMAs before looking for price action buy signals on the daily / 4-hour timeframe to trade inline with the dominant uptrend.
Tonight’s video features all the 11 markets I follow for which you can review my last Newsletter (if you are not a subscriber you can receive my last 6 issues simply by subscribing; it is free, see below).
The market featured in the below video and commentary are EUR/USD, S&P500, Dollar Index, Gold, USD/JPY, EUR/JPY, GBP/JPY, GBP/USD, AUD/USD, USD/CAD & NZD/USD.…Continue
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One of the signals posted last week got completed, namely bearish EUR/USD BAT pattern @1.3708 area. Despite all the fundamentals are being against short EUR positions at the moment this was pretty much textbook pattern completion, since the 1.37's levels were market stalled there for now. Short AUD/USD Cypher pattern is still in play unless we break 0.9086's levels. So far there have not been much conviction to the downside, however from technical…Continue
Added by FuturesMO on February 17, 2014 at 2:00pm — No Comments
Gold is currently ranging between weekly demand upline to monthly supply downline on MN Chart and heading up to 1324.09.Which is almost 23% monthly retracement. so currently price is entering to the monthly fresh supply area if it breaks then we have next targets at 1351.76 fresh daily supply downline and then 1364.60 daily supply upline if breaks next target would be at another daily fresh supply zone at 1264.44 and 1274.58. On weekly the price is in uptrend and making…Continue
Added by Saud Shah on February 16, 2014 at 8:30pm — No Comments
Recommendations: LONG positions above 1.3655 with 1.3715 & 1.3750 as next targets.
Alternative scenario:The downside breakout of 1.3655 will call for a slide to 1.3618/1.3585.
Description: Intraday outlook in EURUSD is on the upside with risk towards 1.3715 ahead of 1.3750 levels as long as support 1.3655 holds on hourly basis , break of 1.3750 will open 1.3800 next .On the downside ,losing the 1.3655 levels on hourly basis…Continue
Added by Haitham653 on February 17, 2014 at 10:50am — No Comments
"The first farewell to guidance This week the Bank of England became the first central bank to say goodbye to forward guidance, but certainly not the last. In its quarterly Inflation Report, the Old Lady turned back to a multivariate approach in assessing future prospects for inflation and hence monetary policy, abandoning the focus on a single indicator of slack in the economy…Continue
Recent consolidation ended last week with a move that emphasised the importance of buying at a 50% pullback point. Increasing demand resulted in the most powerful weekly gains since Jun and with the highest levels since 2009. The speed of the upside means signals are overbought and prone to profit taking but with prices hugging the top of both weekly and daily Keltner channels, and the 13 day avg supportive there is potential for 1.6878 and 1.7043…Continue
Added by Alan Collins on February 17, 2014 at 8:23am — No Comments
The AUDUSD maintained a bullish momentum last Friday , bottomed at the 0.8965 levels , and topped at the 0.9043 levels . This development leaves the pair targeting the 0.9066 levels where a breach is likely , If seen , the pair will target the 0.9150 levels , break of 0.9150 will open 0.9280 next, further out will aim the 0.9430 levels.
Alternatively , a failure to hold above the 0.9066 levels , could mean a return to the 0.8965 levels , losing the 0.8965 levels on a daily closing…Continue
Added by Haitham653 on February 17, 2014 at 8:07am — No Comments
An extremely bullish week for the EUR, GOLD and GBP has passed. All of these closed the week almost at the top with no signs of correction. There will be no so important news releases for today and also it is a holiday in the USA so the markets there will remain closed. The important data will be released on Wednesday and it will influence heavily GBP and the EUR. Dollar is expected to remain under pressure at least until Thursday.
GOLD benefits too from the weak dollar and is trying…Continue
The GBPUSD maintained a strong bullish momentum last week , bottomed at the 1.6382 levels and topped at the 1.6754 levels . Now pressure will be on the key resistance 1.6754 .
The GBPUSD will have to hold above the 1.6754 levels on a weekly closing basis to push the market for further upside gains , If seen , It will target the psychological level 1.7000 , a halt is suggested but a breach will call for a run towards the 1.7300 levels.
Alternatively , a failure to hold above…Continue
The EURUSD maintained a bearish momentum 2 weeks ago , topped at the 1.3716 levels and bottomed at the 1.3478 levels , now pressure will be on the key support 1.3478.
The EURUSD will have to hold below the 1.3478 levels on a weekly closing basis to push the market for further downside losses, If seen It will target the 1.3365 levels where a breach will turn focus on the 1.3225 levels , further losses will aim the 1.3065 levels.
Alternatively , a failure to hold below the 1.3478…Continue
Added by Haitham653 on February 17, 2014 at 2:18am — No Comments
"EURUSD is displaying a little more obvious strength this week as the market has pushed through, and held above, the 100-day MA and minor resistance off the late December high. What it still lacks though is a stronger sense of conviction that this move up will prove durable. On the face of it, moves are positive.…Continue
Added by Daologic on February 16, 2014 at 9:30am — No Comments