Today at 11:45 (GMT) , the European Central Bank will release its highly anticipated Monetary Policy Statement, and ECB President Mario Draghi will comment on the decision at a press conference held 45 minutes later.
Expectations are to leave things unchanged , If seen , nothing is gonna help the EURO to recover higher , and another leg down will be suggested , however ; a cut in rate will bring unexpected bearish move – could reach 1.2389 – today , while an increase in rate should…Continue
Added by Haitham653 on October 2, 2014 at 7:34am — No Comments
Intraday outlook in EURUSD remains on the downside as long as resistance 1.2634 holds on a 4 hour closing basis , a failure to hold above the 1.2634 levels on a 4 hour closing basis could mean a return to the 1.2570 levels where a cut will open 1.2540 levels ahead of the 1.2500 levels . we might see hesitation around this level , but further downside will pave the way towards the 1.2450 levels ahead of the 1.2390 levels..
On the upside , resistance comes at the 1.2634 levels , a clear…Continue
German Unemployment Change measures the change in the number of unemployed people during the previous month.
Usual Effect: A high reading or a better than expected number is seen as negative for the EUR, while a low reading is positive.
Frequency: Released monthly, about 30 days after the month ends
Last Read :3 K
Expectations :-2 K
Actual : 13…Continue
Added by Haitham653 on September 30, 2014 at 8:29am — No Comments
September 30th 2014. The USD run has at this point probably gone too far, too fast and yet the pressure remains on the likes of EURUSD which is a key driver of many other pairs. The catalyst for a further move lower could come via Thursday’s ECB meeting and Initial Jobless claims from…Continue
Added by Gary on September 30, 2014 at 8:24am — No Comments
EURUSD is at the lows, now well beneath 1.2700, but most likely in wave v) of (iii) so new short-term corrective retracement can follow back to 1.2760 resistance. From there we will expect a new turn up, into five stages of a black wave 5 that will complete its own cycle from 1.3000 level. With that said, sooner or later EURUSD will turn into a bigger corrective rally, ideally at the start of October.
EURUSD 4h Elliott Wave…
September 29th 2014. Last week extended markets were largely extended further and on EURUSD we managed to break multi-year support.
NZDUSD – Continues lower. I am long this pair and will consider adding on a number of daily higher high’s that take us out of daily…Continue
Added by Gary on September 29, 2014 at 8:38am — No Comments
The EURUSD declined as expected last week , topped at the 1.2900 levels , bottomed and closed around 1.2680 levels , with no sign of recovery , further downside is likely this week , instant support comes at the 1.2660 levels , we might see hesitation before the next leg down , however ; a clear break below this level will continue falling towards the the psycho levels 1.2500 , a halt is likely , but , sustained trading below this level will open 1.2389 next , further downside will pave the…Continue
Added by Haitham653 on September 29, 2014 at 7:08am — No Comments
With breaking below the 1.2815 levels last week , further downside is likely and couldn’t be ruled out , next support comes at the psycho level 1.2500, a halts is likely , but losing this level on a weekly closing basis will bring a lower leg below the 1.2000 levels ..
On the upside , minor support comes at the 1.2500 levels , a rejection from the 1.2500 levels followed by a clear break above the 1.2815 levels on a weekly closing basis , will suggest false bearish breakout below the…Continue
Added by Haitham653 on September 29, 2014 at 7:00am — No Comments
Intraday outlook in EURUSD remains on the downside as long as resistance 1.2765 holds on a 4 hour closing basis , a failure to hold above the 1.2765 levels on a 4 hour closing basis could mean return to the 1.2696 levels where a cut will open the 1.2660 levels , more losses will aim the 1.2600 levels, ahead of the 1.2550/1.2500 levels..
On the upside , sustained trading above the 1.2765 levels will bring small recovery , but any recovery should be limited by the 1.2850/1.2900 levels…Continue
September 25th 2014. The Greenback Strengthened substantially overnight talking out EURUSD stops below 1.2750 and causing some panic across the board.
NZDUSD – Due partly to domestic data and partly to the USD moves Kiwi selling accelerated and I know of at least one major trader who…Continue
Added by Gary on September 25, 2014 at 8:58am — No Comments
Outlook in EURUSD remains on the downside as long as resistance 1.2826 holds on a daily closing basis , support comes at the 1.2735 levels , we might see hesitation , but a cut will open 1.2690 next , ahead of the 1.2620 levels , further downside will pave the way towards the psycho level 1.2500 .
On the upside , resistance comes at the 1.2826 levels , a clear break above his level will turn outlook neutral for retesting the 1.2930/1.3000 levels before the next fall..
In all ,…Continue
September 24th 2014. Scalped EURUSD and XAUUSD overnight, quite profitable…..again.
NZDUSD – So it may be a false dawn but I’m interested in the fact that Kiwi closed off the lows yesterday and is slightly higher this morning. Not much to write home about except looking at that other pair…Continue
Added by Gary on September 24, 2014 at 8:57am — No Comments
The German Ifo Business Climate Index rates the current German business climate and measures expectations for the next six months. It is a composite index based on a survey of manufacturers, builders, wholesalers and retailers. The index is compiled by the Ifo Institute for Economic Research.
The indicator has declined to 104.7 , below…Continue
Outlook in EURUSD remain on the downside as long as resistance 1.2865 /1.2930 holds on a daily closing basis , support comes at the 1.2815 levels , losing this level will open 1.2735 next , further losses will pave the way towards the 1.2620 levels head of the 1.2500 levels..
On the upside , resistance comes at the 1.2865 levels ahead of the 1.2930 levels , above the 1.2930 would weaken the current bearish run for retesting the 1.3000 levels before the next fall..
In all as…Continue
Added by Haitham653 on September 23, 2014 at 9:32am — No Comments
September 23rd 2014. Scalped EURUSD and XAUUSD overnight, quite profitable. Otherwise I am wondering about Kiwi and milk production figures later in the week. Its decline has been quite pronounced and I have an open position slightly out of the money but I could well add to it this week.
NZDUSD – Look for a…Continue
Added by Gary on September 23, 2014 at 9:00am — No Comments
September 22nd 2014. They say that trading Forex is risky and of course it is. However the implication is often that trading equities is not risky. For those people I have one word this morning, Tesco! TSCO and all equities gap at least five times a week and while forex can gap too, it’s not anywhere as much as that. End of…Continue
Added by Gary on September 22, 2014 at 8:30am — No Comments
Outlook in EURUSD remains on the downside as long as resistance 1.2920/1.2994 holds on a weekly closing basis , support comes at the 1.2825 levels , losing this level will accelerate the bearish move towards the 1.2735/1.2660 levels . A halt is likely , but further losses will pave the way towards the 1.2500 levels . At this point I’d expect strong support above the 1.2500 levels to contain fall from the 1.3993 levels and bring rebound. If 1.2500 fails , expect to see a free fall towards…Continue
Added by Haitham653 on September 22, 2014 at 8:20am — No Comments
Outlook in EURUSD has turned neutral with risk to the downside , resistance comes at the 1.2930 levels , a failure to hold above the 1.2930 levels on a daily closing basis could mean a return to the 1.2833 levels , a cut will resume the whole fall towards the 1.2730 levels , a halt is likely , but losing the 1.2730 levels will continue losses towards the 1.2600 levels ahead of the 1.2450 levels..
On the upside , resistance comes at the 1.2930 levels , sustained trading – daily…Continue
Added by Haitham653 on September 19, 2014 at 9:01am — No Comments
Finally , after consolidating below the 1.2962 levels for a couple of days , the EURUSD has declined towards the 1.2850 levels . Outlook remains on the downside , resistance comes at the 1.2920 levels ahead of the 1.2994 levels (main) , sustained trading – daily closing above the 1.2994 levels will put the pair in recovery mode , but upside gains above the 1.2994 levels should be limited strongly by the 1.3080/1.3159 levels ..
On the downside , support comes at the 1.2850 levels ,…Continue
No change , outlook in EURUSD remains neutral with risk to the downside at the moment , resistance comes at the 1.2962 levels , sustained trading – daily closing – above the 1.2962 levels will bring recovery towards the 1.3000 levels where a breach will turn focus on the 1.3080 levels ,a halt is likely but further upside will aim the 1.3159 levels..
On the downside , a failure to hold above the 1.2962 levels on a daily closing basis could mean a return to the key support 1.2859…Continue
Added by Haitham653 on September 17, 2014 at 9:13am — No Comments