Someone said that those who are patient usually get the largest piece of pie. I don’t know if it’s true, I always thought that the quickest get the largest piece, but it’s not always like that. In forex you can’t rush, especially when making trade decisions and analyzing the market. Right now we are seeing some kind of rertacement and as today is a new week, this vague hourly euro…Continue
Added by Tomas Greiciunas on June 17, 2013 at 6:59am — No Comments
UBS - "Currency markets face three key events for the rest of June. The Bank of Japan meets on June 11, under pressure to take further measures to reduce volatility in JGB and stock markets. The Federal Open Market Committee holds its next meeting on June 18-19. Last, on June 27-28 European Union leaders will discuss further steps on banking union, ahead of a critical finance ministers meeting on July 8-9. If the BoJ is able to stem the plunge in the Nikkei, then further speculation about…Continue
Added by Francesc Riverola on June 10, 2013 at 10:22am — No Comments
UBS - "This week's key points for currencies are:
- several US data releases due but claims still key
- ECB to develop an exchange rate policy?
- G7 doesn't criticise Japan, USDJPY a buy on dips
- BoE Inflation Report key in the week ahead
- Swiss deflation, rising stocks to weaken franc
- buy DNTs as Norges Bank keeps krone rangebound
- expect more RBA easing now, stay bearish AUDNZD"
Added by Francesc Riverola on May 13, 2013 at 10:23am — No Comments
UBS - "We believe euro bulls should buy euro crosses like EURGBP and EURJPY rather than EURUSD. First, the Fed is set to end quantitative easing this year. Second, Eurozone policymakers are more apt to comment on sharp EURUSD rises rather than increases in the other euro crosses. This was demonstrated by French President Hollande arguing 'the euro should not fluctuate according to the mood of the markets' and by European Central Bank President Draghi saying 'the exchange rate is not a policy…Continue
Added by Francesc Riverola on February 12, 2013 at 10:02am — No Comments
I want to talk a little on eur/usd pair in the post. As the New Year has started there is a lot of talk as to where the currency pair will go in 2013. We saw a strong reversal in the pair on the 25th of July 2012 from downtrend to uptrend when ECB president Mario Draghi announced that ECB will do everything in its’ power to save Euro. Although threat of a default for South Europe remains imminent threat the impact of the announcement continued till the end of last year and a lot…Continue
In my first short post I want to talk a little about eur/aud cross. It is one of my favorite forex pairs as it makes huge moves and trends quite often. If you looked at daily chart of last year you will clearly see that. There were three big moves: 1 up and two down before the pair went into a range, where it is at the time of writing. If you are a trend trader you would have been much better off trading eur/aud than eur/usd last year. The former was trending much better than the…Continue
UBS - "We continue to prefer the dollar amongst the major currencies. Foreign exchange markets are already largely discounting the Fed easing policy further when 'Operation Twist' finishes this month. But they are not reflecting additional easing from the world's other major central banks in 2013. This week's key points for currencies are:
- dollar already pricing in upcoming Fed easing
- euro bulls should heed ECB, Bundesbank downgrades
- USDJPY bulls shouldn't exit after…
Added by Francesc Riverola on December 10, 2012 at 3:20pm — No Comments
Increased appetite for risk boosted the Euro versus the US dollar in the previous European trading session as economic data from the US and Germany reduced worries over the world economy, and on increasing hopes of a Greek agreement this week. In contrast, the Greenback dropped as markets became more willing to buy riskier assets because of improving prospects for the global economy. With the recent positive risk environment, the single currency is seen to go higher than the Buck in today's…Continue
UBS - "We expect the dollar to be the best-performing major currency next year. UBS expects the US to grow by 2.3% in 2013 while the Eurozone, UK and Japan suffer stagnation or weak growth at best. Financial markets have largely priced in the Federal Reserve's third round of quantitative easing, while the European Central Bank, Bank of England and Bank of Japan are likely to undertake further balance-sheet expansion in 2013. Dollar diversification over the past decade by US fund managers,…Continue
Added by Francesc Riverola on November 23, 2012 at 8:25am — No Comments
UBS - "This week we discussed our bullish dollar view with forty clients in London, Stockholm and Paris. We found hedge fund managers ready to short the yen but real money managers often unwilling to sell Japan's currency given fears over America's 'fiscal cliff'. That suggests positioning is not extreme despite the yen hitting six months lows against the greenback.
We continue to see the yen falling to 85 over the next three months. We also remain sceptical about the Australian dollar…
Added by Francesc Riverola on November 20, 2012 at 7:20pm — No Comments
Added by ForexCharts on November 15, 2012 at 7:00pm — No Comments
Added by ForexCharts on November 13, 2012 at 6:38pm — No Comments
The EUR/USD had a quite session today and so far the Euro traded in the hourly consolidation range around the low of November 8th.
The European session started with a shakeout/ stop fishing at 6 a.m. GMT. This false breakout led to a reversal of the EUR/USD. Market moved down to the 1.27 level and in the following market price action was capped in the…
Added by ForexCharts on November 12, 2012 at 5:30pm — No Comments
Added by ForexCharts on November 8, 2012 at 6:30pm — No Comments
The Euro found support at the 100 % Fibonacci Extension Cluster yesterday and moved up to the daily 10 SMA. From there, market moved lower with strong bearish momentum and created a new daily low.
On the 4 hour chart the EUR/USD…
Added by ForexCharts on November 7, 2012 at 6:12pm — No Comments
played out well. The EUR/USD found support at the Fibonacci Support zone, which consists of the two 100 % Fibonacci Extension levels. Furthermore, this support zone coincided with Yesterdays Daily S1 and the consolidation price zone of the prior consolidation pattern on the left side of the Euro US Dollar Chart.…Continue
Added by ForexCharts on November 7, 2012 at 9:56am — No Comments
UBS - "Our core view remains bullish on the dollar. Friday's better than expected payrolls report underscores our belief that America's economy will emerge from the crisis sooner than the Eurozone, UK and Japan. As a result the Fed's current round of easing seems to be priced into markets already. In contrast, further easing by other major central banks like the BoJ and BoE is still likely to weigh on their domestic currencies over the next few months. With dollar diversification having…Continue
Added by Francesc Riverola on November 5, 2012 at 7:46pm — No Comments
In spite of a sharp drop in demand for the Canadian dollar following recent comments by Bank of Canada Governor Mark Carney, gains opposite the US dollar are projected today. Fundamental data from the world’s largest economy are perceived to give a boost to risk confidence, and direct some of the bullish demand to the Loonie.
In just about a day after strengthening the case for tightening monetary policy, BOC chief Mark Carney said that the need for higher interest rates has become…
Added by Aviv Shapiro on October 25, 2012 at 8:16am — No Comments
Please wake up!
I’m impressed by the performance of the Greek government, by the willingness of the coalition parties in Greece to undertake whatever will have to be undertaken in order to respond to our wishes,” Luxembourg Prime Minister Jean-Claude Juncker told reporters in Luxembourg late yesterday after chairing a meeting of euro finance chiefs.
I just read that statement on Bloomberg. I wonder what he is impressed with. Oh yes, their willingness.
“It’s time to…Continue