USD yields nudged back towards the recent highs (just above 2.80% for the 10y yield) on the back of the better than expected ISM data yesterday—a clear warning of what might lie ahead if the key US data points for the week produce positive upside surprises. Tapering risks are low…Continue
Added by Daologic on December 3, 2013 at 1:35pm — No Comments
"USD/CAD: Highest Since October 2011
Open 1.0614 Range 1.0610/1.0654 Previous Close 1.0634…Continue
Added by Daologic on December 2, 2013 at 1:04pm — No Comments
What ECB President Draghi and others have attempted to do recently is assure the market that the central bank has plenty more options for stimulating monetary conditions in the region. While the ECB do not have direct control over the level of the exchange rate, clearly a softer EUR would be welcome. The ECB have clearly left the…Continue
Added by Daologic on November 26, 2013 at 10:35am — No Comments
Markets are playing it relatively safe ahead of the key US data releases and ECB policy meeting later this week. We are a little concerned that super low volatility across financial markets might mean the markets are growing complacent about the potential for movement to pick up, however. After a poor week last week and looking ahead, we continue…Continue
Added by Daologic on November 5, 2013 at 12:48pm — No Comments
"(...)The euro has peaked at 1.38 against the dollar for the year. First, October's very weak Eurozone inflation data has strongly increased the risk of the European Central Bank cutting interest rates. Second, the latest Federal Open Market Committee meeting did not rule out the Fed tapering asset purchases even as early as this year. America's economy will need to bounce back from last month's government shutdown for the Fed to start lowering its pace of quantitative easing. That would…Continue
Added by Daologic on November 3, 2013 at 5:55am — No Comments
"(...)With the FOMC meeting looming ahead tomorrow, we think that headwinds on the dollar will continue. As such, this week’s modest dollar gains are seen as consolidative in nature. Deeper euro losses are needed to signal that this is more than a corrective move in the dollar, as there is very little reason to expect Fed tapering anytime soon. Sterling is underperforming after…Continue
Added by Daologic on October 29, 2013 at 11:07am — No Comments
"EURUSD BULLISH With bullish trend in place, the next major resistance focus is at 1.3833. There's scope for a setback to unwind the overextended upside conditions from here, with support at 1.3742 ahead of 1.3695.
USDJPY NEUTRAL Support is at 96.57 ahead of 95.81. Resistance is at 98.48 ahead of 99.07.
GBPUSD BULLISH Initial resistance is at 1.6260. A break through which would open the way to the critical 1.6381. Support is at 1.6116.
USDCHF BEARISH The immediate risk is for a…
Added by Daologic on October 28, 2013 at 7:17am — No Comments
"EUR/USD has made a lot of progress over the past week, and some decent PMI releases and additional comments from ECB officials downplaying the prospects of additional LTROs…Continue
Added by Daologic on October 24, 2013 at 12:01pm — No Comments
"(...)The euro approached the year's high, set in early February near $1.3710, though stopped just shy of it. Assuming this is breached next week, the next target is near $1.40. The main caveat from our technical analysis is that the euro closed above the top of its Bollinger Band (two standard deviations above the 20-day moving average) for two consecutive sessions at…Continue
Added by Daologic on October 21, 2013 at 7:31am — No Comments
"Focus: unsynchronised fiscal tightening is affecting the outlook for G3 currencies.
The Eurozone's austerity, America's budget battles and Japan's impending sales tax rise have led to fiscal policy being tightened at different times in the G3 economies over the last few years. This is affecting the
outlook for currencies as the major central banks accommodate budgetary consolidation by expanding their balance sheets. Textbook economics suggests fiscal tightening combined with…
Added by Daologic on October 21, 2013 at 7:26am — No Comments
"Investors will be grateful for the direction offered by the forthcoming releases of delayed US economic data. That said the relevance of it will clearly be reduced by the fact that for the most part it will refer to the period before the government shutdown. S&P has offered its estimate…Continue
Added by Daologic on October 18, 2013 at 3:30pm — No Comments
When I saw this article I knew something was up.... http://www.cnbc.com/id/101034622
But anyway, no amount of analysis can fight real events....I'll be sitting back watching how this plays out for now.
For the record I won't be bullish until we close strongly over the light blue trend line but what is funny to me is I went long late Friday with a tight stop and got stopped out as I was expecting a move higher…Continue
Added by Futuristic on September 15, 2013 at 11:07pm — No Comments
Let’s look at the big picture of EUR/GBP – monthly chart. You will easily find that the pair has been struggling at a sensitive zone for 6 months, yes I mean half a year. Why does it take EUR/GBP so much time at this zone? Because this is the upper edge of a multiple-year downward trend, with huge resistance accompanied. The market rule is very simple: if a pair cannot manage to go up, it will have to drop. Therefore, I see an imminent lasting downtrend for EUR/GBP, which…Continue
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
7/8 level-yelow line and +1/8 white line:…Continue
Hello friends, ... new tag line :)
++ I think only breakout and breakdown strategy should be applied for EUR/USD this week.
++ My trading plan here included template file for MT4…Continue
TREND: NEUTRAL BECAUSE THERE IS A MARKET MISALIGNMENT
+ ETF METER BULLISH
VOLATILITY: EXTREME LOWER LEVEL, ENTRY…Continue
Added by Gino R. on January 17, 2013 at 3:19am — No Comments
EUR USD on bearish channel now. Watch 1.3156 area and if that breaks then the first target will be 1.3071 and the second target will be 1.2985 - 1.3009 area. and one can look for long position from these levels with SL…Continue
Added by Unni on January 1, 2013 at 9:07am — No Comments