Valeria B Bednarik's Blog – May 2011 Archive (45)

Starting the day

Hi everyone and welcome! Against my expectations and despite quite disappointing figures early Europe, the Euro is showing an impressive strength against its rivals, steady around 1.4400 against dollar and above 117.00 area against yen. Strong recovery in stocks since early Asian opening, and commodities, may be reason of this run, yet also the fact that Germany capitulated to demand further tightening and restructuration, along with geting ready to provide more loans. No matter what…

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Added by Valeria B Bednarik on May 31, 2011 at 10:28am — No Comments

Beginners Corner upcoming webinar

Hi all! I'm getting reading for today's Beginners Corner webinar at 17:00 GMT. Today we are going to talk about figures, when and when not to trust those, and a lot more stuff regarding trading them. As usual at the end, I will be asnwering questions and doubts. Hope you all join me there! Here is the link for…

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Added by Valeria B Bednarik on May 27, 2011 at 2:51pm — No Comments

The Beginners Corner tricks and tips

 

Hi all my friends! I would love to share with you all some of the things we discuss in the Beginners Corner every Friday, tips for market, interesting questions, ect that are always good to remember. So here comes the first:

While Canada is among the 10 biggest producers of oil in the world,…

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Added by Valeria B Bednarik on May 25, 2011 at 3:31pm — 1 Comment

Majors outlook for the US session

Euro lost its charm on more and more Greece jitters, while AUD/USD below 1.0500 (38.2% retracement of this year bullish run) is neither an interesting buy, so Pound seems to be getting all the attention and heading towards strong 1.6300 area, as long as above 1.6220 immediate support. Swiss Franc is also strong yet now, only below 0.8730 we could see strong bearish movements now.

USD/JPY, is capped below 100 DMA, while poor Euro seems heading to 1.3860 expected…

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Added by Valeria B Bednarik on May 25, 2011 at 2:31pm — No Comments

Risk aversion easing in the European morning

Hi everyone and welcome back! Dollar is losing early Asian momentum, as European markets are off yeterday's lows. GBP/USD managed to break above 1.6220 and continues tending higher, while EUR/USD remains mostly weak, limited to the upside by the 20 SMA in the 4 hours chart with a strong bearish tone. ( You can see the technical perspective for today here:…

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Added by Valeria B Bednarik on May 25, 2011 at 12:07pm — No Comments

USD/CHF technical perspective

No matter what happens with the dollar, Swiss Franc continues to be among the stronger currencies of the board, still inside its' long term bearish trend.

 

 

Here is the intraday view and levels for the pair:

 …

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Added by Valeria B Bednarik on May 24, 2011 at 11:24am — No Comments

Starting the day

Hi everyone and welcome back to this blog. Despite the shy bounces in majors against the greenback seen following European opening, dollar has managed to extend gains to new monthly highs against high yields Euro, Pound and Aussie. Current dollar strength has more of Euro weakness than anything else: the euro zone sovereign debt jitters had been hitting euro over and over, day after day. Monday saw the EUR/USD reaching 1.3970 after worse than expected PMI readings in Germany and France.…

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Added by Valeria B Bednarik on May 24, 2011 at 9:53am — No Comments

Beginners' Corner upcoming webinar

At 17:00 GMT, we are going to have another Beginner's Corner session, where I will discuss the different tools technical analysis offers to determinate support and resistance levels. Also remember, we have a late session of questions, where I will try help you with any doubt about forex market.

 

Here is the link for the session:

 …

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Added by Valeria B Bednarik on May 20, 2011 at 3:33pm — No Comments

EUR/USD: another selloff on Greece jitters

EUR/USD once again failled to hold above 1.4300, yet still the downside remains limited in the short term, by 1.4250, and in the longer, by past week low @ 1.4040.

 

 

Here are the intraday levels to take care of:

 …

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Added by Valeria B Bednarik on May 20, 2011 at 10:55am — No Comments

Starting the day

Hi everyone! Risk aversion continues easing slowly, dragging dollar down across the board, although so far rises in high yield currencies had been pretty much limited, with Euro and Pound unable to gain bullish momentum. Commodity currencies have a better tone, with AUD/USD nearing 1.0700 and USD/CAD around 0.9640 area, and signaling a continuation, while Swiss Franc and Yen, despite bullish against dollar, had hardly managed to move from past Asian opening levels.

 

EUR/USD…

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Added by Valeria B Bednarik on May 20, 2011 at 9:31am — No Comments

USD/CHF may head to new historical lows

The movement towards 0.8900 was just a shy correction in the long term bearish trend and a break below 0.8770 could be the kickstart for a selloff towards fresh lows:

 

 

 

Here is the intraday perspective for the cross:

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Added by Valeria B Bednarik on May 18, 2011 at 11:50am — 1 Comment

Beginners Corner: Last recorded webinar

The beginners corner continues growing!

Here is the link to past Friday webinar, where we discussed trend, Fibonacci studies and several interesting tips on trading. Enjoy!

 

http://www.fxstreet.com/webinars/sessions/session.aspx?id=7e80dc83-98c0-4f8e-9f31-2895f4077faf

Added by Valeria B Bednarik on May 18, 2011 at 11:43am — No Comments

Starting the day

Hi everyone! Commodities are up, stocks are down, and market continues looking for direction: major crosses are barely unchanged from Asian opening levels, with dollar mixed across the board and Pound posting the biggest loses of the day so far, after BOE’s Minutes show no changes in the 6-3 vote to keep interest rate on hold, while UK unemployment claims rose by the most since January 2010. Back down and below 1.6200 after being rejected by the daily ascendant trend line, GBP/USD approaches…

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Added by Valeria B Bednarik on May 18, 2011 at 10:34am — No Comments

Starting the day

Hi everyone and welcome back. Market is seeking for direction, and that's it rigth now. Dollar strong bearish momentum found a bottom, a correction started, and now investors hesitate of what to do next. Up till now, majors recovery has remained quite limited, with major currencies still near recent lows against greenback, suggesting the dollar run is not yet over.

As comment past Asian session opening Webinar, the GBP/USD bullish spike after also expected higher inflation…

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Added by Valeria B Bednarik on May 17, 2011 at 12:07pm — No Comments

AUD/USD quite limited to the upside below 1.0600

While stocks and commodities extend their slide, AUD/USD dangerously approaches to 1.0500 Fibonacci support, 38.2% retracement of this year gains:

 

 

I would expect the selloff to accelerate below mentioned 1.0500, as stops should be big in that area; here is the link for the intraday levels…

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Added by Valeria B Bednarik on May 16, 2011 at 11:12am — No Comments

Starting the day

Hi everyone and welcome back! I usually woke up around my 5:00 a.m. (8:00GMT) and read what's up in the world. then I take a look at charts to see what happened in Asia, and wait till European opening market reaction to figure out the day movements. Well what a surprise to find out that top news today is that Dominique Strauss-Kahn, the head of the IMF, was arrested in New York accused of sexually attack an hotel maid. Despite the news could affect the EU-IMF bailout for Greece or Portugal,…

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Added by Valeria B Bednarik on May 16, 2011 at 10:24am — No Comments

Beginners Corner Webinar today!

Today at 17:00 GMT I will be again with you all at the Beginners Corner!  We will talk about trends and Fibonacci studies, but also remember, you can take your questions and doubts!

Here is the link to register:

 

http://www.fxstreet.com/webinars/sessions/session.aspx?id=7e80dc83-98c0-4f8e-9f31-2895f4077faf

 

and if you missed previous one, don't…

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Added by Valeria B Bednarik on May 13, 2011 at 2:56pm — No Comments

GBP/USD treathening the trend line

GBP/USD continues treathening the trend line coming form eaarly January in the daily chart:

 

Here is the technical intraday view:

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Added by Valeria B Bednarik on May 13, 2011 at 12:07pm — No Comments

Starting the day

Hi everyone! After reaching key supports level yesterday, majors managed to bounce higher as stocks and commodities are reversing yesterday’s losses. Easing risk aversion is favoring some dollar slides across the board, still near key points tested yesterday. Interesting, early European data seems pretty positive, with French and German preliminary GDP well above expectations for the first quarter of the year, but of course those are not the troubled countries. Amazing news should have been…

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Added by Valeria B Bednarik on May 13, 2011 at 9:54am — No Comments

GBP/USD, long term bearish potential increasing

Pound bearish potential against dollar increases as the pair approaches 1.6240 daily ascendant trend line coming from early January. Here is the daily chart:

 

And here is the short term, intraday perspective:

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Added by Valeria B Bednarik on May 12, 2011 at 10:46am — No Comments

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