All Blog Posts Tagged 'USD' (1,320)

FOREX forecast 29.09.2014-03.10.2014

EUR has continued the free fall which started nearly 10 weeks ago. News from the EU and ermany are continuous worse and worse while over the Atlantic Mrs.Yellen continues to reduce the stimulus program. From the other side seems that 1000 pips were not enough for the big players to take their profit and they continued to sell EUR. Are they brave enough to bring the price to 1.2210? Technically this is not impossible. This price is the monthly SMA200 line and it is a good target. This monthly…

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Added by Vladimir Mihaylov on September 29, 2014 at 5:12am — No Comments

TD:USD Rally In Pursuit of New Boundaries

"The next two weeks are going to be very busy in terms of data releases and events. The slew of data will kick-off tonight with Japanese inflation, followed by tomorrow's US Q2 GDP final estimate, US PCE and Eurozone inflation on Monday and Tuesday, the Japanese Tankan on Wednesday, the ECB meeting on Thursday, and…

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Added by Daologic on September 26, 2014 at 4:57am — 1 Comment

RBS: FX Trading Strategy-24 Sept.

"Viewpoint

USD strength still is apparent, but as the market loses confidence in the global growth outlook, led by concerns over growth in China and several other emerging countries, the losses are more noticeable in the last week in commodity and some EM currencies.. EM equities and bond markets have underperformed major markets in recent weeks and commodity price falls have been more broad-based. The market is de-risking somewhat from EM markets and this is spilling over to currency…

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Added by Daologic on September 24, 2014 at 5:04am — No Comments

RBS:Downside risks mount for AUD

"Viewpoint

Softer US data and broader concerns over a weaker global economic outlook, apparent in weaker commodities and equities, may contribute to the first significant retracement in the USD/JPY after its rapid month-long rally. The EUR may also benefit from reluctance by the ECB to take further easing steps at this time after the limited response to its first LTRO last week. Fears of the…

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Added by Daologic on September 23, 2014 at 5:02am — No Comments

BNZ: NZDUSD technical outlook-Sell a rally

Outlook: Sell a rally

ST Resistance: 0.8260 (ahead of 0.8470)

ST Support: 0.8060 (ahead of 0.7960)

After a brief test of the 0.8060 support post-FOMC last week, NZD/USD begins this week much in the same space as last Monday. The downtrend remains in place, and a breach of 0.8060 would see a quick trip…

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Added by Daologic on September 22, 2014 at 6:01am — No Comments

RBS: Trading Strategy

"A smaller than expected tLTRO take-up and largely unchanged FOMC language wasn't sufficient to squeeze EUR/USD higher as we had expected, so we square tactical long EUR/USD exposure. We continue to hold strategic shorts looking for a move to 1.27 or below by year-end and 1.22 by mid-2015 as negative nominal rates are a powerful medium-term EUR negative. While the dust settles post the Scottish referendum we keep our GBP powder dry, but will look to sell EUR/GBP rallies. Data surprises may…

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Added by Daologic on September 22, 2014 at 5:58am — No Comments

Forex forecast 22.09-26.09.2014

EUR continues free fall and indicators on H4, Daily and Weekly are extremely bearish. Seems that still noone is going to take profit from Short, and this tells me that more slide is to come. Today mr.Draghi will speak, but tomorrow will be the PMI data release and if it is weak again EUR will possibly drop below 1.2805 support. On Wednesday we shall have the Germany's IFO which is expected to be worse than previous too. On Thursday the most important news will be the US jobless claims report…

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Added by Vladimir Mihaylov on September 22, 2014 at 4:30am — 2 Comments

TD: USDCAD

Overall, we continue to feel that the USD’s broader rally is running out of steam and prone to a correction; that observation, combined with some soft-looking technical signals for USDCAD on the short-term charts continues to make us a little more concerned about a move lower in USDCAD in the next couple of weeks.  USDCAD struggled to hold a bid this week and has looked heavy near 1.10 or a little above. Short-term chart…

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Added by Daologic on September 19, 2014 at 11:37am — No Comments

BMO: USDCAD

Support 1.0925 Resistance 1.1000



Usd/Cad remains stuck in the range that has prevailed for most of this week, with flows still very much mixed. Usd strength has been countered by Cad strength on many of the crosses, especially Cad/Jpy and Aud/Cad. We would expect to see offers lined up towards 1.1000 now, and beyond that, the key 1.1100 area is still pivotal. To the downside we should still find stops through 1.0925, ahead of demand towards 1.0875/1.0900. Main focus today will be…

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Added by Daologic on September 19, 2014 at 11:30am — No Comments

TD:USDCAD NEW TRADE – September 18

Sell USDCAD at 1.0910 stop entry, risk 1.0950. Target 1.0780
We are extending our negative short-term view on the USD to the CAD this week and want to sell USDCAD on a break below technical support in the low 1.09s. The CAD is supported by stable interest rate spreads versus the USD, which might be enough to fuel a push under 1.08 near-term. That would also ’fit’ with seasonal trends that are typically adverse for USDCAD around this time of year.

Added by Daologic on September 19, 2014 at 3:53am — 1 Comment

TD:FOMC

"The FOMC will be the global focus on Wednesday as investors look to whether the Fed continues to pivot toward the first rate hike. Key points to watch at the meeting will be whether the “considerable time” phrase is removed from the statement, how aggressive the Fed’s hike projections are (in the Summary of

Economic Projections for the 2015-2017 period) and Yellen’s tone in the post-meeting press conference. We also expect the FOMC to discuss their updated exit strategy, potentially…

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Added by Daologic on September 17, 2014 at 10:51am — No Comments

FOREX forecast 16-19.09.2014

EUR is in a consolidation mode again before the next slide down. Possible support that will stop the downside is 1.2600 and the final one is around 1.2300 but i doubt we shall reach there soon. There was a large amount of unexpected bad EUR news and it seems the things over the Atlantic are getting a lot better. It is expected the FED to make another stimulus cut from 25 bln to 15 bln. This will push the EUR even lower till the end of this week. Today is expected the Gernamy's ZEW to be a…

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Added by Vladimir Mihaylov on September 16, 2014 at 5:30am — 3 Comments

TD: CAD technical outlook-15 september.

USDCAD

"We highlighted developments on the weekly chart Friday but it is probably worth reiterating what is going on here after USDCAD closed out the week at its best levels since March. The broader bull trend is slowly but surely getting back on track after the Q2 correction; that slide saw funds test, and hold, major support defined by the trend off the 2012 low and the 40- week/200-day MA. The consolidation since March formed a bull wedge and the July break above…

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Added by Daologic on September 15, 2014 at 2:55pm — No Comments

BNZ: NZDUSD-sell a rally- 15 Sept.

NZD/USD

Outlook: Sell a rally

ST Resistance: 0.8260 (ahead of 0.8470)

ST Support: 0.8060 (ahead of 0.7960)

The NZD slipped through the 50% Fib retracement level at 0.8260 last week, which now provides the first line of resistance. The 2014-low at 0.8060 would be the first stop ahead of a quick trip…

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Added by Daologic on September 15, 2014 at 5:48am — 1 Comment

FOREX forecast 09.09.2014

EUR continues the free fall and nothing seems to stop it. Target is set to 1.2805 and even below to 1.2765. Correction higher is needed, but still noone takes any profit, this means they expect more drop.Correction will start once we have over 60 pips upside H4 candle. Indicators on all time frames except M5 and M15 are extremely bearish. Maybe today we shall see some profit taking.

GOLD again is hit by the strong dollar and reached the support area 1254. If we don't see any EUR…

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Added by Vladimir Mihaylov on September 9, 2014 at 6:28am — No Comments

BNZ: NZDUSD-sell a rally

NZD/USD

Outlook: Sell a rally

ST Resistance: 0.8400 (ahead of 0.8470)

ST Support: 0.8260 (ahead of 0.8120)

The NZD continues to grind lower, but last week’s test of the 50% Fib retracement level at 0.8260 was rejected. This is the first line of support. The 0.8400 big figure will be difficult to break…

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Added by Daologic on September 8, 2014 at 6:10am — 1 Comment

USDJPY at key level, 110.50 next

For USDJPY 105.27 is a key level. A daily or weekly close above this level will send the price to the next key level at 110.50:

USDJPY…

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Added by Daologic on September 3, 2014 at 7:00am — No Comments

BMO FX strategy daily: USDCAD

"Support 1.0850 Resistance 1.0925

The Usd is trading broadly higher this morning, led by Usd/Jpy and the Nikkei overnight in Asia. We have seen some Macro demand for Usd/Cad from yesterday’s lows but offsetting…

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Added by Daologic on September 2, 2014 at 12:34pm — No Comments

BNZ: NZDUSD, sell a rally

Outlook: Sell a rally

ST Resistance: 0.8470 (ahead of 0.8600)

ST Support: 0.8330 (ahead of 0.8260)

Initial support at 0.8330 held after an early test last week. While some support around the 0.8300 figure should be expected, the 50% Fib retracement level at 0.8260 is the major target for…

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Added by Daologic on September 1, 2014 at 8:45am — No Comments

FOREX forecast 01.09.2014

Deeper and deeper EUR goes with another gap lower opening week. Finally the big players sold the EUR they have since close to 1.4000 levels. Where EUR is going to stop - it is not clear yet, but somewhere around 1.3066 we have a support area. We are currently some 200 pips below the weekly Senkou Span B price of the positive Ichimoku,however we have broken it lower too early and we have to make some significant correction higher before this break to be confirmed. The dollar is extremely…

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Added by Vladimir Mihaylov on September 1, 2014 at 5:06am — 3 Comments

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