All Blog Posts Tagged 'forex' (1,641)

RBS: A week in economics UK

BoE: No alarms and no surprises

October’s BoE policy meeting looks like a non-event for markets: the MPC has voted unanimously for unchanged settings in each of the past three months, there have been few significant UK developments over the past month, and we are just one month from the next quarterly Inflation Report forecast. September’s MPC meeting signalled a significant dovish retreat with two members abandoning their explicit easing bias and a clearer acknowledgement of the…

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Added by Daologic on October 4, 2013 at 10:19am — No Comments

RBS:EM Flow Monitor

"Inflows were short-lived

EM bond funds failed to sustain the dovish FOMC-induced inflows. Outflows from both hard and local currency bonds funds resumed in the week ending 2nd October. Albeit small, the latest set of outflows suggest that the delay in Fed tapering might not be enough to spur a sustained turn around in flows, even after the markets witnessed the highest amount of outflows since the Lehman crisis during the summer sell-off. EM Equity funds also saw outflows, after…

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Added by Daologic on October 4, 2013 at 10:05am — No Comments

$GBPUSD- near a top?

Currently we are at recent top area @ 1.6261.  Overall we are looking for 1.6370 as the top. The average daily true range (ATR) for the pair currently is 103 pips.…

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Added by Scott Barkley on October 2, 2013 at 1:01pm — No Comments

Gbp/Aud bearish divergence on daily chart

September's last week came with some strange rumors about RBA willing to cut the rate further and the market reacted for a short time by selling the AUD. This morning RBA's statement said: "At today's meeting, the Board judged that the setting of monetary policy remained appropriate. The Board will continue to assess the outlook and adjust policy as needed to foster sustainable growth in demand and inflation outcomes consistent with the target." So at its meeting…

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Added by Arenoosh on October 2, 2013 at 12:31pm — No Comments

$EURAUD- Channel?

Currently we are at 1.3962 in a channel.  We are looking for a bullish continuation to the R5  area @ 1.4026-37area.    The average daily true range (ATR) for the pair currently is 121 pips.…

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Added by Scott Barkley on October 1, 2013 at 12:47pm — No Comments

EURUSD - Setbacks bought. Keltner channel positive.

Although EURUSD opened with a negative gap lower yesterday, this attracted buying interest. While Sep’s high was not retested a 2nd up day in a row kept prices above the 13 day moving average and the focus on the topside, especially with the demand being extended in Asia. Although there is the likelihood of some reaction to the Asian move in early trading, signals for sentiment are positive.

So higher levels expected in the coming days. 1.3602 and 1.3626 are likely to be in the…

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Added by Alan Collins on October 1, 2013 at 6:21am — No Comments

$NZDUSD- Trend bounce?

Currently we are at 0.8297 after the bounce on the trend wall.  This is a 2 part trade opportunity.  1) We are looking for a bullish continuation to the R6 @ 0.8335 and 2) the next target the top @ 0.8395/0.8400.  The average daily true range (ATR) for the pair currently is 83 pips.…

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Added by Scott Barkley on September 30, 2013 at 12:42pm — No Comments

Forex Oracle of the Week Contest - Place Your Calls For EUR/USD Friday's London Open Price

Rules:

1. Remember to place here you calls for EURUSD price for Friday October 4 - 2013 London Open at 7:00AM GMT or 8:00AM BST (British Summer Time).

2. Just place ONE forecast. example: EURUSD at 1.3410

3. All forecasts must be…

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Added by Daologic on September 30, 2013 at 7:19am — 25 Comments

GBPUSD - Gains to Extend, with dips attractive

A 4th positive weekly performance in succession last week keeps the steady demand from July's low intact. GBPUSD is now testing the most positive levels traded for 8 months and with prices 'hugging' the upper end of both weekly and daily Keltner channels and the 13 day moving average supporting, we look for the upside to continue.…

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Added by Alan Collins on September 30, 2013 at 5:58am — No Comments

$GBPUSD- Top?

Currently we are at 1.6100 after the bounce on the Day chart trend wall.  We are looking for a bullish continuation to the double top @ 1.6165.  Square up day today so watch the sellers there.  The average daily true range (ATR) for the pair currently is 104 pips.…

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Added by Scott Barkley on September 27, 2013 at 1:14pm — No Comments

$AUDUSD –downside continuation?

Currently we are at 0.9358  and sitting on the 618 Fibo.  WE anticipate continued downside first to the .786 Fibo @ 0.9288 and  then the double bottom. The big target is the S5 at the 0.9154. The ATR (Average True Range) for the pair currently is 102 pips.…

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Added by Scott Barkley on September 25, 2013 at 1:10pm — No Comments

The Top 10 Simple forex Rules

1. Never Let a Winner Turn Into a Loser

2. Logic Wins, Impulse Kills

3. Never Risk More Than 2% per Trade

4. Trigger Fundamentally, Enter and Exit Technically

5. Always Pair Strong With Weak

6. Being Right but Being Early Simply Means That You Are Wrong

7. Know the Difference Between Scaling In and Adding to a…

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Added by Abdul Rehman on September 24, 2013 at 6:41pm — No Comments

AUDUSD: Short-term Weakness Towards 0.9300-0.9330

Intra-day wave structure on AUDUSD is showing a corrective price action from 0.9376 to 0.9455 labeled as wave B that is part of an incomplete larger three wave decline from 0.9527 top. As such short-term weakness is expected down in wave C that should unfold in five waves. Fibonacci projections are pointing for a decline towards 0.9300-0.9330. Any intra-day short positions should have stops above 0.9455, short-term invalidation level.

AUDUSD 30min…

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Added by Gregor Horvat on September 24, 2013 at 8:41am — No Comments

$EURUSD- continuation?

Currently we are at 1.3515 in a sideways move which is bullish for the cross. We are looking for a  continuation to the 1.3600 area.  The average daily true range (ATR) for the pair currently is 81  pips.…

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Added by Scott Barkley on September 23, 2013 at 12:59pm — No Comments

Keltner Channels lead EURUSD Higher

The renewal of investor demand from this month’s lows continued last week. A 2nd positive weekly performance in a row resulted taking EURUSD to the most positive levels traded since February. Both the weekly and daily Keltner channels are trending higher, with the market ‘hugging’ the upper end of the daily parameters. With the 13 day moving average offering buying opportunities, and despite overbought extremes, we're looking for the upside to extend during this week. 1.3643 is the initial…

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Added by Alan Collins on September 23, 2013 at 7:26am — No Comments

Forex Oracle of the Week Contest - Place Your Calls For USDCHF Friday's London Open Price

Rules:

1. Remember to place here you calls for USDCHF price for Friday September 27 - 2013 London Open at 7:00AM GMT or 8:00AM BST (British Summer Time).

2. Just place ONE forecast. example: USDCHF at 0.9005

3. All forecasts must be…

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Added by Daologic on September 23, 2013 at 6:30am — 23 Comments

$EURAUD- Wedge Break?

Currently we are at 1.4374 after the break north of the wedge.  We are looking for a bullish continuation to the R4 area @ 1.4426 The average daily true range (ATR) for the pair currently is 138 pips.…

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Added by Scott Barkley on September 20, 2013 at 12:59pm — No Comments

$EURJPY- consolidate and go?

Currently we are at 134.02 after the break north of the wedge.  We are looking for a short sideways move and then a bullish continuation to the R7 @ 134.84.The average daily true range (ATR) for the pair currently is 118 pips.…

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Added by Scott Barkley on September 19, 2013 at 1:02pm — No Comments

AUDUSD In Impulsive Uptrend: Pull-back Could Be Opportunity

AUDUSD is looking bullish after yesterday's sharp rally which was most likely wave three of a five wave rally in black wave 3. Wave 3 must be made by five smaller waves so we favour more upside on AUDUSD, towards 161.8%; a typical third wave target measured from waver 2 low. With that said, current slow price action around the high is most-likely wave (iv) in 3, so break higher could follow very soon into wave (v). Nice support comes in around 0.9460 from where any long positions could be…

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Added by Gregor Horvat on September 19, 2013 at 10:00am — No Comments

$GBPUSD- One more thrust?

Currently we are at 1.5968. We are looking for a bullish continuation to the R6 Wave @ 1.6056 which we anticipate will be the head of a head and shoulders reversal pattern. The average daily true range (ATR) for the pair currently is 93 pips.…

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Added by Scott Barkley on September 18, 2013 at 1:04pm — 2 Comments

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