All Blog Posts Tagged 'USD' (1,290)

USDCHF - Building positive base

Unable to extend Tuesday's setback from 9 week highs, renewed demand was seen yesterday. While the net upside was limited prices are supported by the Ichimoku Cloud and the 13 day moving average.

In addition the 'golden' cross of the 13 & 100 day averages confirms a trending market with potential for the upside to retest this week's .9156 top and even towards .9192 in the coming days.…

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Added by Alan Collins on January 23, 2014 at 6:59am — No Comments

TD: CAD Technical outlook

"USDCAD

No correction in USDCAD and the sharp advance in the market this morning to the mid 1.10 area attains the short-term bull target we have outlined here recently and keeps the market on track for an extended rally to the upper 1.12 area—the measured move target from the mid-January bull triangle…

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Added by Daologic on January 23, 2014 at 6:01am — No Comments

EUR/USD & GOLD forecast 23.01.2014

Another day of sideways trading in EUR/USD has passed. If you take a closer look at H4 you can see the pair is in an ascending channel with bottom 1.3507 and top 1.3583. For now we are moving inside and i think this is some kind of correction move before making some 200-300 pips down. Seems that market is waiting for FED to decide about further tapering. Today PMI from EU will be released which are expected to support the EUR and also US jobless claims later today. Technical picture didn't…

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Added by Vladimir Mihaylov on January 23, 2014 at 5:54am — 6 Comments

EUR/USD & GOLD forecast 22.01.2014

It was difficult trading day yesterday as Germany's ZEW came out mixed and while USD was stronger during the asian session, with the american session start it came under pressure and this allowed the EUR to break again above the important 1.3550 level, which now serves as support. We need a H4 close below 1.3540 to increase the downside pressure. As we can see also 1.3510 is the next strong support which bounced several times too. It will be passed with high downside power which will reach…

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Added by Vladimir Mihaylov on January 22, 2014 at 6:29am — 3 Comments

USDCHF - Rejection of key average gives bullish signals

The importance of Friday’s stalling at the 13 day moving average was proved by fresh demand yesterday. This upside itself faltered at the 200 day line and so prices are currently trapped between those key indicators. This type of price action does not provide strong signals but with the support of the 13 day line in the background, intraday sentiment is assessed as positive with potential to .9014 or even towards .9050.…

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Added by Alan Collins on January 21, 2014 at 7:00am — No Comments

EUR/USD & GOLD forecast 21.01.2014

Yesterday was a holiday in the USA and there were no any significant moves hours before Daily close. EUR pullbacked to around 1.3560 as forecasted. During the early Asian session EUR dropped some 25 pips and currently is trading inside 1.3540-50 area. Today Germany's ZEW will be released, the expectations are for a better than previous value, which will support the EUR further, but on the other side - if we have a lower value the market will be disappointed and the EUR will continue to drop… Continue

Added by Vladimir Mihaylov on January 21, 2014 at 6:26am — 1 Comment

Deutsche Bank - Fixed Income Research IMM Commitment of Traders - CHF positions turn net short after five months

"Net implied USD long positions increased modestly over the previous week, with speculative longs now above 35% of open interest. The most significant change observed over the week was in CHF whose speculative position turned net short for the first time in five months from 11% of open interest to -7%. The TFF report showed that leverage funds pared their long positions, while…

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Added by Daologic on January 20, 2014 at 10:51am — No Comments

TD: FX: CFTC Commitment of Traders Report

"-IMM positioning data reflect investors warming to the USD a little more overall. The net long USD position rose to an aggregated total equal to USD 21.3bn in the week through January 14th, today’s CFTC data showed.  That’s the biggest net long exposure to the USD since July last year. 

·…

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Added by Daologic on January 20, 2014 at 7:38am — No Comments

EUR/USD & GOLD forecast 20.01.2014

EUR has dropped finally below 1.3550 and this morning has made an attempt to test 1.3510, however bearish power is not enough to break the solid 1.3500 support area. On H4 frame we have a huge empty space between the current price level and the negative Ichimoku. So i expect some little pullback to take place today, for example to 1.3540-45. Today is Martin Luter's day in the USA and the markets there will remain closed. There is some not so important news from Europe today which is likely…

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Added by Vladimir Mihaylov on January 20, 2014 at 6:18am — 6 Comments

Better days for the dollar?-Rabobank FX

"

Better days for the dollar?

The USD may have been thrown a curve ball by the release of the weaker than expected US…

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Added by Daologic on January 17, 2014 at 11:00am — No Comments

EUR/USD & GOLD forecast 17.01.2014

After yesterday's 'tennis' day EUR has finally stabilized above 1.3600 level and still preserves chances to break higher the and to return inside the 'triangle'. However for this the necessary condition is to close the day above 1.3630. If this doesn't happen today, then we may assume that the trend reversal has started and that next target will be around 1.3500 and below. During the Asian session EUR price moves are extremely small so uncertainty continues. I am still confused and cannot…

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Added by Vladimir Mihaylov on January 17, 2014 at 6:17am — 11 Comments

EUR/USD & GOLD forecast 16.01.2014

As expected the EUR tested 1.3580-1.3600 support zone then a small pullback appeared to 1.3620 area. For now the EUR stays inside the negative Ichimoku and keeps the chances of breaking it higher, but yesterday's move may be an early signal for a huge downside move ahead. For now immediate resistance is 1.3632. If we break through it next target will be around 1.3670-75. A fail there will result into reversal and the target will be set at 1.3540-20 area or even below 1.3500. At the moment of…

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Added by Vladimir Mihaylov on January 16, 2014 at 6:54am — No Comments

AUDUSD - Upside Rejection gains ground with .8865/75 targeted

This week’s signals for temporary gains have been confirmed with Monday’s strong 1 Big Fig gain and new 4 week high at .9087. The end to a sequence of higher daily lows generated a short position on Tuesday and with no sign that the deterioration is ending there is potential for .8865/75 area.…

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Added by Alan Collins on January 15, 2014 at 7:41am — No Comments

EUR/USD & GOLD forecast 15.01.2014

As i have said yesterday on fail breaking 1.3700 the price will drop down to test the supports at 1.3580-1.3600. Currently 1.3630 intermediate is holding the asian bears, but breaking below is a matter of time. To restore the upside we need a H4 close above 1.3670 and i do not see this to happen today. So it is good to sell below 1.3650, however we are some 15-20 pips below that. I hope for some pullback to enter Short. Breaking below 1.3610 may destroy the whole upside recovery picture if…

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Added by Vladimir Mihaylov on January 15, 2014 at 5:30am — 3 Comments

FX Set-up: Still USD-positive, Watch Retail Sales-TD: Morning FX Outlook

"FX Set-up: Still USD-positive, Watch Retail Sales

US yields edged lower through much of yesterday’s sessions but 10-year bond yields have—so far—steadier around the 2.80/82% area or near the spike lows…

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Added by Daologic on January 14, 2014 at 1:09pm — No Comments

EUR/USD & GOLD forecast 14.01.2014

Today you may use my yesterday's forecast levels because it was a very calm day as no important news in calendar. We have the retail sales in the USA to be released with the american session opening and if the value equals or is worse than expected this may support the EUR and to test 1.3720 area. On H4 we are supported by the Senkou span A of the negative Ichimoku and tomorrow, if today's test of 1.3700 is not successful, to test the support at 1.3600-1.3580. Somewhere around these levels…

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Added by Vladimir Mihaylov on January 14, 2014 at 6:12am — 2 Comments

Goldman Sachs - US Dollar FX View

Goldman Sachs - "US Dollar FX Forecasts: We maintain our EUR/$ forecasts at 1.38, 1.40 and 1.40 in 3, 6 and 12 months and revise our $/¥ forecasts to 103, 107, 110 from 98, 103 and 107 in 3, 6 and 12 months respectively. Current GSDEER for EUR/$: 1.19; $/¥: 103.9.

Motivation for Our FX View: The continued deficits in the US balance of payments and government budget, combined with accommodative monetary policy, will likely keep the trade-weighted Dollar…

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Added by Francesc Riverola on January 13, 2014 at 10:36am — No Comments

CABLE - 13 day average platforms gains

Buying interest reasserted last week. This resulted in a 3rd up week from the last 4 and maintained the positive tone reflected by a rising Keltner channel. The preceding week’s entire losses were regained after initial downside, and a strong setback Friday, attracted demand below the 13 day moving average. The volatility means that sentiment cannot be assessed as strong but our call is Cautiously Bullish with potential to 1.6566 and 1.6603.…

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Added by Alan Collins on January 13, 2014 at 8:42am — No Comments

EUR/USD & GOLD forecast 13.04.2014

EUR finally is safe inside the 'triangle' formation, far away from the Senkou Span A following the very disappointing data from the USA last Friday. This means that FED will not taper again until March , and then is also uncertain. This means a generalized dollar weakness will present, as we shall continue to move inside the triangle in the following weeks. Once above 1.3720 the upside will be fully restored and the target will be set at 1.3830 and possibly to a new top. Whether we shall…

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Added by Vladimir Mihaylov on January 13, 2014 at 7:02am — 1 Comment

BNZ Markets Outlook - 2014: A Year of Extreme Interest

"Forex market

The US payrolls report determined most currency’s fates at the end of last week. The softer than-expected outcome (74k vs. 197k expected) resulted in a knee-jerk fall in the USD index. The data was probably a bit of a rogue number, largely explained by unseasonably severe winter weather last month. Still the market’s response was abrupt. The NZD benefitted along with most of its peers.

The NZD/USD is also supported by buoyant risk appetite induced by speculation the…

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Added by Daologic on January 13, 2014 at 6:56am — No Comments

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