Crude oil prices are likely to move higher in the near term with increasing demand from China in November, and with the signs of the US economy improving.
The prices are currently stable with the help of the bond buying program in the US. Cold weather is also likely to cripple production on Oil and Gas, leading to higher prices.
Technically, if you look at the charts below :-
click here to view…Continue
Added by Jay Khanna on December 9, 2013 at 1:49pm — No Comments
The USD/JPY is the key to the boom and doom of the global economy, this carry trade determines each point to which a global economic crisis is likely to take place.
If you watch the USD/JPY carefully from 1985, you will notice lower highs forming. With each peak of the high is the date where the recession had already taken place, where as if you measure the peaks for each lower high you could precisely predict when the next recession would have taken place, and following the…Continue
UBS - "In the week ahead, most of the Fed's doves including Chairman Bernanke, New York Fed President Dudley, current FOMC voting members Evans, Rosengren and Bullard, and non-voting FOMC member Kocherlakota - are scheduled to speak. In addition, the October 29-30 FOMC meeting minutes will be released. Together, the upcoming communications will provide more insight into whether policymakers are willing to consider tapering as early as the December 17-18 FOMC meeting.
Added by Francesc Riverola on November 18, 2013 at 12:01pm — No Comments
"(...)We do not subscribe to the view, such as outlined in the Financial Times, that the role of US Treasuries and the dollar are at increased risk. The key agents here, central banks, move at glacial speeds and have few compelling alternatives. A number of countries have long desired and sought alternatives. Remember that the demand for gold by foreign officials that…Continue
Added by Daologic on October 18, 2013 at 10:50am — No Comments
"The news stream is shaping the foreign exchange market in arguably a clearer way than has been the case recently
- Even though some of the rhetoric remains heated, there is growing evidence that the worst for the US impasse has passed…
Added by Daologic on October 10, 2013 at 11:34am — No Comments
1. Remember to place here you calls for GBPUSD price for Friday October 11 - 2013 London Open at 7:00AM GMT or 8:00AM BST (British Summer Time).
2. Just place ONE forecast. example: EURUSD at 1.5920
3. All forecasts must be…Continue
UBS - "The new month starts with a high degree of event risk. The US may launch strikes against Syria as early as this weekend. In the week ahead, the European Central Bank, the Banks of Japan, England and Canada, the Reserve Bank of Australia and the Riksbank all hold policy meetings. The US August payrolls report is due at the end of the week, and emerging market currencies are likely to face further pressure if America's employment data suggest the Federal Reserve will agree this month to…Continue
Added by Francesc Riverola on September 2, 2013 at 9:59am — No Comments
UBS - "Several of the world's major currencies are experiencing or are close to important turning points. The dollar is starting to trend higher following Chairman Bernanke's suggestion after the June Federal Open Market Committee meeting that the central bank may taper its asset purchases later this year. Similarly, the yen, despite volatility over the last few weeks, is set to trend lower following the Bank of Japan's decision on April 4 to double the monetary base. Our view that the…Continue
Added by Francesc Riverola on July 1, 2013 at 2:50pm — No Comments
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 Thom Grey 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
Added by Aviv Shapiro on November 26, 2012 at 7:30am — No Comments
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