ANZ - "· Declining resistance (off 2008’s 1.6040 high), which capped EUR/USD at 1.3885-90 in December, is being breached (1.3820-25 this week).
· A weekly close above 1.3825 (confirmed above 1.3895) should trigger a range flip to 1.4150 if not a broader measured target of 1.4420.
· Despite breaking declining resistance, broad patterns since 2008 are considered corrective with strong resistance likely at 1.4420-50.
· A close below 1.3820 would reduce near term upside…Continue
Added by Francesc Riverola on March 7, 2014 at 10:54am — No Comments
Societé Generale - "People frequently ask for longer-term views on EUR/USD and I feel guilty for not having written thrilling tomes to provide regular updates on this fascinating subject. Over the last 5 years, EUR/USD has traded in a 1.2-1.5 range, averaging 1.35. The link above is to a summary of my thoughts, the very short version of which is:
1) EUR/USD will remain in the current range, with a slight upward bias, until the front end of the US rates market actually prices in rate…Continue
Added by Francesc Riverola on March 6, 2014 at 12:27pm — No Comments
Me, Francesc Riverola President and Founder at FXStreet will be doing my first “AMA” - or Ask Me Anything - on Reddit on tomorrow Wednesday March 5th at 4pm CET Time (15.00 GMT – 10.00am EST).
We will be posting the link to the event on this page 30 min before it starts so that you have time to post the questions.
Our AMA will be opened under the “Entrepreneurs” category, so the focus will…Continue
JP Morgan - "The setup for the broad USD picture weakened over the past week while presenting another important test for the short term view. In this regard, the failure against key initial resistance levels has shifted the focus back to critical support levels which should define whether a recovery phase or deeper retracement can develop. While the current oversold framework favors a recovery phase, the late-week decline raises some doubts. In turn, we highlight the key markers that should…Continue
Added by Francesc Riverola on March 3, 2014 at 8:51pm — No Comments
Deutsche Bank - "Net implied dollar longs fell for the third consecutive week. Digging into the detail, the TFF report shows that fast money was responsible; leveraged funds reduced their long holdings to almost zero. Speculative EUR and GBP longs were added to. Speculative NZD longs were also added to substantially as net longs as a percentage of open interest jumped from 41% to 50%. Also worth mentioning, asset managers increased CAD longs holding significantly from 18% of open interest to…Continue
Added by Francesc Riverola on March 3, 2014 at 10:00am — No Comments
Bank of America Merrill Lynch - "The growing disconnect between US rates and the US stock market suggests that US rates (and the USD by extension) may have more at stake in how the weather story plays out. We believe, once data begin to improve with the weather, Treasury yields and the USD could snap higher in a relatively short space of time.
To place the severity of this winter in historical context, we have developed an Extreme Winter Weather (EWW) index using state level data going…
Added by Francesc Riverola on February 27, 2014 at 6:30pm — No Comments
FXStreet in partnership with IG Markets is proud to announce today the launching of a new Meetup group in Melbourne, Australia.
Added by Francesc Riverola on February 27, 2014 at 12:00pm — No Comments
The new year started recovering the losses seen in December 2013, where almost all sites fell quite considerably due mainly to end of year effect.
The most extraordinary news seen in December and January is that the gain in unique visitors seen in September and October continued after a sharp fall in November. Since September 2013, FXStreet's network of sites + mobile have gained 100k unique users jumping from 750,000 to 850,000 uniques.…Continue
We’ve been busy preparing the March meetups and they are finally ready and the registration is now open!
One more time, on the first week of the month traders from 6 different cities will meet to talk about Forex and Trading, and why not to say it too, for a drink.
As guest speakers, we will have Nicole Elliot in London, Dan Blystone in Barcelona,…Continue
Added by Francesc Riverola on February 21, 2014 at 1:00pm — No Comments
Allow me guys to congratulate Vladimir Mihaylov for the prize
Vladimir, it is an honor and a pleasure to have you with us here at Forexstreet.net and I am personally could not be happier when I knew that you have been selected the Most Valuable Network member in our this year's Forex Best Awards 2014.
Congratulations my friend!
Westpac - "EUR/USD seemed to satisfy the consensus early in the new year, settling into a low intensity decay from 1.38 to sub-1.35 in Jan. However, price action in Feb has seen those losses completely unwound. There are four key near term (inter-related) themes for EUR/USD: 1) the complexion of the US data; 2) the complexion of the Eurozone data; 3) the prospects for ECB easing; and 4) developments in the periphery. We assess that on balance the positives outweigh the negatives. We quantify…Continue
Added by Francesc Riverola on February 19, 2014 at 4:57pm — No Comments
Most viewed Forex Webinars for the week of February 10th - 16th:
#1 Sam Seiden - Finding Key Profit Zones in Forex
#2 Steve Ruffley -…Continue
Added by Francesc Riverola on February 18, 2014 at 9:59am — No Comments
Royal Bank of Scotland - "Trading Summary: Stay with stronger EUR/USD as the ECB dithers on easier policy and US data fizzles. With event risk from the BoE Inflation Report now passed, GBP strength can continue. We reaffirm our 1.69 end-Q1 target for GBP/USD, but see increased overshooting risks for the coming month. NOK price action remains constructive, with a move back in line with its traditional drivers ongoing. Further outperformance is likely on a confirmed break of 8.31 in EUR/NOK…Continue
Added by Francesc Riverola on February 17, 2014 at 10:52am — No Comments
Last Thursday Febrary 6th it was meetup day. 140 traders gathered in 6th cities to learn together, make friends and enjoy a nice evening with FX peers. Unfortunately, our biggest meetup (London) was cancelled due to tube strikes ocurred last week.
It was the first meetup in Los Angeles,…Continue
After one month of activity and still in a period of soft launch, I am proud to share with you all the promising figures of the new FXStreet News App:
Active Users 3,727
Screen Views 160,377
Screens / Session 4.54
Avg. Session Duration 00:02:03
% New Sessions 9.75%
Country Sessions %Sessions
Added by Francesc Riverola on February 11, 2014 at 9:30am — No Comments
Added by Francesc Riverola on February 11, 2014 at 9:07am — No Comments
UBS - "In the week ahead Federal Reserve Chairwoman Yellen appears before Congress and Bank of England Governor Carney will present the February Inflation Report. (...) policymakers in both the US and UK are likely to signal interest rate increases will still only start from next year.
That will temper rallies in the dollar and pound. But we expect the greenback still to outperform this year as the Fed steadily cuts its pace of quantitative easing. The Fed's slowing balance sheet…Continue
Added by Francesc Riverola on February 10, 2014 at 9:33am — No Comments
It seems like it was yesterday that we put together the Best Awards but the truth is that this is going to be the fourth edition of the Forex Best Awards, a way to determine the best analysis, educational content and contributors on its website during the previous year.
Vote will close on February 14th at 8 GMT.
Westpac - "Trades to think about for the coming week:
Sell 1 month USD/KRW at 1090, stop at 1101
Sell 1 month USD/MYR at 3.35, stop just above 3.3800
Sell 1 month USD/PHP at 45.30, stop just above 45.70.
Buy USD/SGD at 1.2620, stop at 1.2525"
Added by Francesc Riverola on February 7, 2014 at 10:07am — No Comments
I just want to send a huge thanks to Benjamin. He made my day today by sending to our office e-mail contact the following e-mail:
"Good Day my dear fellow Traders.
I just wanted to tell you how happy i am with the great service that you provide. QUALITY INFORMATION and lots an lots of tools backed by an awesome community. Bravo. Since today FXStreet is my new Startpage. I wish you all the luck,…
Added by Francesc Riverola on February 6, 2014 at 9:55am — No Comments