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
The British pound is deemed to strengthen alongside the Euro today as a gauge of UK manufacturing unexpectedly expanded in December, suggesting renewed strength in the economy at the end of 2012. In contrast, the Euro is apt to dip as a similar factory report for the Euro Zone contracted more than expected and as labor reports due today are estimated to come in weak.
In a report that largely boosted the outlook for the UK economy, British manufacturing expanded at its fastest pace…
Added by Aviv Shapiro on January 3, 2013 at 6:42am — No Comments
I have explained today during my webinar the expected market moves for this week.
The link for the video is given below:
The market is expected to be very qyuick and aggressive till mid January.Extended moves could be seen to attract margin calls…Continue
Added by Dr. Sivaraman on December 31, 2012 at 10:53am — No Comments
We are now seeing slow and steady upward move - this is the process of upward shift in trading zone.EURO/USD,GBP/USD,USD/YEN are making contrarian moves to make upward moves in YEN crosses - soon we may see people talking about carry trade in different name.
USD/CAD and AUD are not participating.USD/CHF is expected to rise again similar to USD/YEN after this quick downward move.
All majors we can buy during small dips and they are expected to rise and rise with small…Continue
Added by Dr. Sivaraman on December 19, 2012 at 12:46pm — No Comments
UBS - "GBPUSD BULLISH The pair continues to extend its strength and is currently testing resistance at 1.6217. The next critical resistance is at 1.6309. Support lies at 1.6153.
USDCHF BEARISH Bearish trend conditions persist. A break below first support at 0.9115 would signal extension of weakness to 0.9041. Resistance is at 0.9240."
Added by Francesc Riverola on December 18, 2012 at 11:05am — No Comments
I have explained the expected market moves for this week 17-21 December and also what could happen during year end in my webinar given today.
You can get the video of the same by clicking the given below link:
As I have some other works to focus on I will…Continue
Added by Dr. Sivaraman on December 17, 2012 at 12:27pm — No Comments
UBS - "(...) The Fed's new policies are likely to keep the dollar constrained as the new year starts but will support the currency in 2013 as the US economy keeps recovering. That means the greenback is likely to stay at current levels of 1.30-1.32 against the euro for now but recover back to 1.15-1.20 next year.
(...) In our last comment here for 2012, the key points for currencies are:
- new Fed policies tempering dollar for now, to bolster it later
- ECB watchers should…
Added by Francesc Riverola on December 16, 2012 at 12:00pm — No Comments
BBH - "We expect the dollar to remain in broad trading ranges against the euro and sterling. The prospects of more aggressive expansion of the Fed’s balance sheet and the protracted fiscal cliff self-created crisis, even as Europe muddles along, could see the dollar begin 2013 in a softer phase. This could see the euro trade toward $1.35 and sterling toward $1.65. We look for the dollar to recover subsequently. We anticipate the US economy will strengthen after Q1 and that the European debt…Continue
Added by Francesc Riverola on December 15, 2012 at 1:19pm — No Comments
On monday we saw dip in EURO and GBP as week beginning false move and then they gained levels.Tuesday they made the eitherway moves - dip during early part of the day and rised during European and US sessions as Intentional move.
Today wednesday - mid week - they are expected to make dip during early part of European session and then rise during late European and US sessions .
Today (12th Dec) I will be presenting " Tracking the forex market together "…Continue
Added by Dr. Sivaraman on December 12, 2012 at 5:04am — No Comments
The expected market moves for the week 10-14 December is explained today during my " Asian session: Live market ".The recording of the webinar is given below:
You can view the webinar and use the expected market moves as a guidance while taking trading…Continue
Added by Dr. Sivaraman on December 10, 2012 at 8:20am — No Comments
Here is the turning points for this week , (10 Dec - 14 Dec) 2012
Important points and notes:
1- These levels are strong support and resistance levels on short term , the market usually respects these levels…Continue
Now that EURO,GBP and USD/YEN reached their bottom ( extimated bottom) they are expected to firm up and rise after some volatile moves during NFP data release time (13:30 GMT).
As I have explained during the webinars first week of the month they make the volatile moves and set the tredning moves from second week of the month.
This week - Monday and Tuesday they have been holding high and building sell positions but we mostly perceived as buy opportunities but…Continue
Very nice approach
Deutsche Bank - "As we look forward at different multi-year scenarios, GBP is subject to some ‘smile’ considerations, doing worst in fat tail risk scenarios.
Scenario 1: If global growth is much weaker than expected, the rebalancing of a still overvalued UK housing sector (at least relative to the US) will create significant additional downside pressure on cable. This fits with a broader view that the…
Added by Francesc Riverola on December 5, 2012 at 7:07pm — No Comments
We have come to the last month of the year.The market is known to make year end trend reversal moves - mostly it will be very volatile moves throughout the month.So it may be wise to do swing trades during this time trade using the right trading strategies.
I have explained the expected market moves for the week -03-07 Dec and also following weeks during " Asian session: Live market analysis " webinar.
The recording of the same is available in the given below…Continue
Added by Dr. Sivaraman on December 3, 2012 at 7:30am — No Comments
Here is the turning points for this week , (03 Dec - 07 Dec) 2012
Important points and notes:
1- These levels are strong support and resistance levels on short term , the market usually respects these…Continue
UBS - "This week we visited clients in Saudi Arabia, Kuwait, Qatar and Abu Dhabi. Middle East accounts remain cautious on the euro, have little interest in sterling and believe the yen may weaken. Thus they continue to be overweight dollars. This is partly a reflection of increased social spending since the Arab Spring began, reducing accumulated foreign reserves. But it also reflects ongoing concern about the Eurozone debt crisis. In short, the region's clients largely share our underlying…Continue
Now for the month end and week end time visible gains are seen in EURO,GBP,USD/YEN.AUD and USD cad are showing USD gaining moves.A contrarian move to handle the crosses.So after handling the crosses they came to majors and now making extreme moves in crosses to hit the stops - acted against the market sentiment.From late european session they are expected to make extreme moves in majors for the month end.
We have seen during japanese session swing and firm up moves in…Continue
I have explained the expected market moves for today (29th NOV) during my " Asian sesson: Live market analysis" webinar,For the benefit of those not attended the webinar I am giving below the expected market moves for today.
Swing and firm up moves during japanese session ( extended move for 2 hrs)
swing and quick rise move is expected during European session ( intentional move)
Swing and rise moves are expected during US session.
Dips are buy…Continue
Added by Dr. Sivaraman on November 29, 2012 at 8:09am — No Comments
I will be presenting today 29th Nov._yet another session of "Asian session: Live market analysis " webinar between 05:00-05:45 GMT.- it is a free access day in www.fxstreet,com to attend all the webinars FREE.
To register for the webinar below given link can be used:…Continue
Added by Dr. Sivaraman on November 29, 2012 at 3:52am — No Comments
On Monday 26th Nov when EURO was holding high GBP made the dip.yesterday Tuesday 27th Nov when GBP was holding EURO made the drop - these moves are done to rise and hit the stops of the short sellers in EURO/GBP initially and later drop and hit the stops of the higher level buyers.As explained the first 2 days of the last week of the month the players handled the crosses.they are expected to handel the majors from today 28th Nov.
being mid week,today the players are expected to make…Continue