US Dollar Recovery Hinted as S&P 500 Chart Setup Warns of Reversal
Tue, 07 Feb 2012 03:04:00 GMT

The safe-haven US Dollar may be preparing to launch a recovery as S&P 500 technical positioning warns of a downward reversal ahead.

 

AUDUSD Readies for RBA, EURUSD Realigns with Risk Trends
Tue, 07 Feb 2012 01:12:00 GMT

We ended Friday with a strong signal of continuation for risk appetite trends with a Dow Jones Industrial Average and AUDUSD push to new highs.

 

British Pound Former Resistance acts as Support
Mon, 06 Feb 2012 23:33:00 GMT

 

Japanese Yen Pattern Suggests Sharp Moves Ahead
Mon, 06 Feb 2012 23:33:00 GMT

 

Crude 200 day Average Holding but Bearish Break Expected
Mon, 06 Feb 2012 23:33:00 GMT

 

USDOLLAR Channel Resistance Holds – Remains Vulnerable
Mon, 06 Feb 2012 23:33:00 GMT

 

Australian Dollar Short Term Topping Pattern
Mon, 06 Feb 2012 23:33:00 GMT

 

Euro 13025 Remains Trend Defining Level
Mon, 06 Feb 2012 23:33:00 GMT

 

Swiss Franc Corrective Move Complete at 9263
Mon, 06 Feb 2012 23:33:00 GMT

 

Gold Bearish Key Reversal
Mon, 06 Feb 2012 23:33:00 GMT

 

New Zealand Dollar Short Term Topping Pattern
Mon, 06 Feb 2012 23:33:00 GMT

 

Canadian Dollar Closes at 200 day Average
Mon, 06 Feb 2012 23:33:00 GMT

 

200 Day Moving Average Holds the Key for US Dollar Index
Mon, 06 Feb 2012 23:08:00 GMT

The dollar broke out of the descending channel formation which has held the index since January 15th. The advance however continues to lack conviction with the index holding just above key support. Here are the key levels to watch.

 

New Zealand Dollar Due for a Pullback- New Scalp Setup
Mon, 06 Feb 2012 21:32:00 GMT

The NZD/USD has held above daily overbought conditions for the ten consecutive sessions as the pair has continued to track broader market sentiment. However the kiwi look to have reached a critical exhaustion point. Here are the key levels to watch.

 

Analyst Interview: John Kicklighter on Greece, the ECB and QE3
Mon, 06 Feb 2012 21:16:00 GMT

With the Greek crisis carrying over to yet another week and the ECB rate decision on deck, this week’s analyst questions are particularly poignant for short and medium-term volatility expectations.

 

Bond Yields (And Their Relationship to FX)
Mon, 06 Feb 2012 21:03:00 GMT

One of the, if not the most pertinent indicators of price changes in financial markets are interest rates. This article will delve into this important relationship.

 

What is Forex?
Mon, 06 Feb 2012 20:18:00 GMT

Want to trade when you get home from work? Trade foreign exchange as it is one of the largest markets in the world.

 

Euro Speculative Shorts Moderate from Record
Mon, 06 Feb 2012 19:57:00 GMT

Euro speculative shorts have moderated from a record but that changes little regarding the larger trend. In fact, a backtest of this idea reveals a negative equity curve.

 

Respecting the Lean on Risk but Lack of Follow Through
Mon, 06 Feb 2012 19:24:00 GMT

 

Bank Research Consensus Weekly 02.06.12
Mon, 06 Feb 2012 18:50:00 GMT

As we have advocated in the last two editions of Weekly Focus, the arguments for buying the dollar have faded going into 2012. Not as a result of Europe’s debt profile becoming more sustainable but as a result of improved global economic data and a more aggressive easing of monetary policy by the major central banks. The Fed’s indirect promise of QE3 should the US economy slow again only confirms our expectation of a structural dollar downtrend. Not least against the commodity currencies but also against the stronger cyclical emerging market currencies. The outlook against the euro is less certain, though.
Kasper Kirkegaard, Senior Analyst, Danske Bank

 

US Dollar Eyes Further Lows as Forex Volatility Tumbles
Mon, 06 Feb 2012 17:00:00 GMT

US Dollar volatility trades near its lowest levels since the onset of the financial crisis in 2008; we favor further USD losses against the Australian Dollar and other forex counterparts.

 

USD Reversal To Accelerate, Australian Dollar Outlook Weighed By RBA
Mon, 06 Feb 2012 16:45:00 GMT

The greenback bounced back on Monday, with the Dow Jones-FXCM U.S. Dollar Index advancing to a high of 9,763, and the reserve currency should continue to recoup the losses from earlier this year as the shift away from risk-taking behavior gathers pace.

 

2 Ways to Trade a 2500 Pip Trend
Mon, 06 Feb 2012 16:38:00 GMT

Learn where to enter and exit once you find a strong trend to trade.

 

Canada’s January Ivey PMI Hits 8-month High; Loonie Mixed
Mon, 06 Feb 2012 16:09:00 GMT

Canadian Ivey Purchasing Managers Index (PMI) surprisingly hits eight-month high in the first month of 2012, indicating faster pace of purchasing activity in the Canadian economy.

 

US Dollar Finds Support Early in the Week as Equities Slide- Euro Heavy
Mon, 06 Feb 2012 15:43:00 GMT

Risk appetite has gone on the defensive in early North American trade as EU officials struggle to approve the next tranche of Greek aid. The dollar is bid higher as higher yielding assets retreated. Here are the key levels to watch on EURUSD and USDJPY.

 

The markets are likely to remain arrested
Tue, 07 Feb 2012 03:34:33 GMT

The foreign currency futures marked time in the Far East after making little progress on Monday. The markets are likely to remain arrested while the Greek government continues to negotiate with both the Troika and the IIF. The short-term outlook for the major currencies is sideways. The medium-term outlook for most of the foreign currencies is sideways. The LGR short-term model is long all the major currencies.   Overnight: Australia: The RBA may lower its cash target to 4.0% from 4.25%

 

Forex - Chart EUR/NOK, EUR/SEK, USD/NOK, USD/SEK Opening Summaries
Tue, 07 Feb 2012 03:21:47 GMT

Published at 03:16 (GMT) 07 Feb EUR-NOK Failed to sustain break under the 7.6200, Jan low, rebound from the 7.5920 low triggers a hammer candle and see scope for stronger recovery. Resistance is at 7.6710 then 7.6940, regaining the latter to swing focus higher. [P.L] EUR-SEK Strong rebound staged towards yesterday's closing in the appearance of a Piercing-pattern is dissipating downside pressure with prices settling into consolidation. Only higher lift above 8.8607/8737 hurdles to help regain

 

Daily Market Outlook
Tue, 07 Feb 2012 03:05:17 GMT

Market Review - 06/02/2012        21:54   All times in GMT   Euro rebounds on short-covering despite delay in Greek debt talk Despite weakness in Asia and European session on Monday after Greek coalition parties were unable to reach an agreement to receive a second bailout from international creditors, short-covering in New York session lifted the single currency.      The single currency opened lower at 1.3076 in Australian

 

Forex - Australia: What's Priced In- RBA Expectations (OIS) 7 Feb 2012, pre RBA
Tue, 07 Feb 2012 03:16:06 GMT

Published at 03:02 (GMT) 07 Feb

 

Forex - Hong Kong Flows: USD/HKD rebounds; SFC urged to cut fees; 5 options for new HOS pricing
Tue, 07 Feb 2012 03:02:35 GMT

Published at 02:47 (GMT) 07 Feb USD/HKD touched a low of 7.7534 by the wee hours of Asia and rebounded back to 7.7540-ish levels at last indication, even as the dollar index flatlined. Meanwhile despite multiple delays in the Greek debt talks, markets were surprisingly resilient with Hang Seng up 0.3% at last check. We look for trades to remain within 7.7530-7.7570 intraday. At home, majority of the LegCom's financial affairs panel called on the SFC to reduce transaction and license fees and

 

Forex - Chart USD/IDR Update: Consolidation prevails
Tue, 07 Feb 2012 01:55:26 GMT

Published at 01:51 (GMT) 07 Feb 07 Feb USD/IDR Daily 01:38 GMT - Tight trading seen last 2 trading sessions is giving little directional signals with little incentive to open fresh positions at current level. Best to trade the wide 8880-9045 band until decisive breakout to expose clearer signals. [W.T] R5: 9200 18 Jan high R4: 9140 * 13 Jan low R3: 9100 * 6 Jan low R2: 9063 30 Dec low R1: 9045 * 25 Jan high S1: 8970 3 Feb low S2: 8880 * 25 Jan low S3: 8820 31 Oct low S4: 8795 * 28 Oct low S5:

 

Forex - Chart USD/PHP Updates: Current decline not supported by bull-divergences
Tue, 07 Feb 2012 01:51:35 GMT

Published at 01:46 (GMT) 07 Feb 7 Feb USD / PHP Daily 01:16 GMT - Bears extending decline on opening but not supported by the oversold condition and bull-divergences seen on daily RSI-14/Stochastic and does not rule out corrective upmove in the making. Move above yesterday's high of 42.70 will expose further rebound to 42.82 and need clearance above latter to expose more upside. [W.T] R5: 43.085 * 30 Jan high R4: 43.03 1 Feb high R3: 42.82 * 3 Feb high R2: 42.75 30 Jan low R1: 42.70 6 Feb high

 

Greece Talks Extended, Euro Holding above 1.3000, RBA Today
Tue, 07 Feb 2012 01:04:45 GMT

U.S. Dollar Trading (USD) stocks pared back some of the Jobs data with Greece missing the deadline for a deal and extending talks to avoid a default amongst warnings from the rest of Europe to find a solution. Traders continued to buy on pull backs however and stocks rallied off their lows in the US session and the EUR/USD and other risk assets bounced into the close. In US stocks, DJIA -17 points closing at 12845, S&P -1 points closing at 1343 and NASDAQ -3 points closing at 2904. Looking

 

Forex - Chart EUR/JPY Update: Retains upside bias
Tue, 07 Feb 2012 01:02:02 GMT

Published at 00:42 (GMT) 07 Feb 07 Feb EUR/JPY Daily Retains upside bias from the 99.25 low last week and latest bounce from 99.86 low set up scope for retest of the 100.89, Fri's high. Clearance will see scope for return to 101.45 then the 102.21 high. Support is at 99.86 and 99.63 ahead of 99.25 low. [P.L] R5: 102.55 * 21 Dec high R4: 102.21 * 26 Jan high R3: 101.95 25 Jan high R2: 101.45 * 30 Jan high R1: 100.89 3 Feb high S1: 99.86 6 Feb low S2: 99.63 2 Feb low S3: 99.25 * 1 Feb low S4:

 

GBP/USD gained ground last week
Tue, 07 Feb 2012 00:27:14 GMT

Last week recap EUR/USD lost some ground last week as positive economic news worldwide eclipsed the uncertainty for a solution to the Greek sovereign debt debacle. The week began with the rate trading lower after making its weekly high of 1.3221 on Monday after French President Sarkozy announced it would unilaterally impose a 0.1% tax on bank transactions beginning in August. Also on Monday, Greek Finance Minister Evangelos Venizelos rejected a proposal by Germany for the EU to take over

 

The Trend Trader for ETFs
Tue, 07 Feb 2012 00:16:07 GMT

 

 

The Trend Trader for the Dow 30 Stocks
Tue, 07 Feb 2012 00:14:49 GMT

 

 

The Trend Trader for Forex
Tue, 07 Feb 2012 00:13:48 GMT

 

 

The Trend Trader for Futures
Tue, 07 Feb 2012 00:12:46 GMT

 

Forex - Chart USD/SGD Update: Staging rebound
Tue, 07 Feb 2012 00:05:49 GMT

Published at 00:03 (GMT) 07 Feb 7 Feb USD/SGD Daily 23:52 GMT - Oversold condition and bull-divergence on daily RSI -14/Stochastic triggered rebound to 1.2531 high last session, keeping the strong support at 1.2390 safely at bay and intraday trade expected to be on a supportive tone and lift above 1.2531 will extend recovery to 1.2547 then 1.2600. [W.T] R5: 1.2655 24 Jan low R4: 1.2615 * 27 Jan high R3: 1.2600 1 Feb high R2: 1.2547 * 200-day MA line R1: 1.2531 6 Feb high S1: 1.2467 intraday

 

Forex - EUR/JPY, USD/JPY Flows: USD/JPY eye BoJ/MoF talks; 76.00/75.50 Options
Mon, 06 Feb 2012 23:35:50 GMT

Published at 23:31 (GMT) 06 Feb USD/JPY at 76.55-57, traded tirange range of 76.52 to 76.80 overnight. Huge "solid" offers capping 76.80 - preventing it from extending last Friday's post US NFP rally. Focus on downside, at 76.00 option barriers. Though talks of good Japanese importers/ pension funds, oil firms, Kampo and options related bids ahead of 76.20-30 for now. Focus on any BoJ/MoF rumours - which supported USD/JPY when it hit 3-month lows of 76.03 on Feb 1 - just ahead of the 76.00

 

Forex - Chart AUD/USD Update: Consolidating, support at 1.0672
Mon, 06 Feb 2012 23:31:51 GMT

Published at 23:27 (GMT) 06 Feb 07 Feb AUD/USD Daily AUD backed off the 1.0793 high though the downside still limited above the 1.0672 support. Break here needed to trigger deeper corrective pullback with next support coming in at the 1.0640/00 area. Lower see 1.0569 and 1.0526. Resistance is at 1.0750/57 ahead of the 1.0793 high. [P.L] R5: 1.0950 intraday level R4: 1.0910 29 Jul low R3: 1.0860/78 intraday, 25 Jul highs R2: 1.0793 * 3 Feb high, channel R1: 1.0750/57 intraday, 2 Feb highs S1:

 

The foreign currency futures managed to recover early losses
Mon, 06 Feb 2012 22:47:02 GMT

The appetite for risk improved later on Monday from dismal early in the day amid hopes that somehow Greece will play by international rules and remove bumps from its own financial road. These hopes remain long in the tooth. The foreign currency futures managed to recover early losses after an unrealistically strong US employment report boosted only the commodity currencies on Friday. The US stock indexes and oil ended with only small losses and closed a little higher. News that Saudi Arabia

 

US Jobs Impress, Judgment Day for Greece
Mon, 06 Feb 2012 22:29:47 GMT

U.S. Dollar Trading (USD) stock markets enjoyed some solid gains on the back of the January’s NonFarm Payrolls surging to 243k vs. 170k forecast and the Unemployment rate falling to 8.3% from 8.5%. The USD was not sold off as usual but instead able to hold near the opening levels with Gold and the Euro under pressure. In other data we saw January ISM services jump to 56.8 vs. 53.0 previously. In US stocks, DJIA +156 points closing at 12862, S&P +19 points closing at 1344 and NASDAQ +45

 

NY Session: Euro softer as Greece struggles to reach a deal
Mon, 06 Feb 2012 22:07:44 GMT

With no economic data releases today, the market refocused its attention on Greece and price action was driven mostly by headlines out of Europe. Risk sentiment fell slightly and the dollar was mostly firmer as several EU officials spoke today. German Chancellor Angela Merkel said that “time is running out” in Greek talks and noted that the whole euro area is dependent on the outcome of Greek talks. Both she and French President Sarkozy said that there will be no additional aid for Greece

 

EUR/USD: The pair finished the session sharply lower
Mon, 06 Feb 2012 16:51:09 GMT

EUR/USD The pair finished the session sharply lower following reports that the Troika and other lenders bluntly told Greece it must achieve political consensus across all parties in the unity government over budgetary reforms and achieve a binding PSI deal with creditors before any further bailout funds are released. In addition to that, reports that Portugal has been discreetly sounding out advisers on options to restructure its debt did not help the sentiment. As a result, the spread between

 

Forex - EUR/USD, USD/JPY Flows: CAD in the middle: up vs ailing EUR and down vs USD
Mon, 06 Feb 2012 13:45:43 GMT

Published at 11:17 (GMT) 06 Feb CAD's reaction to the flood of weekend news regarding the growing spectre of ongoing problems with Greece in the eurozone has been predictable. EUR has crumpled across the board in reaction to the weekend's negative news reports and CAD has moved ahead. But, the press reports have forced the market to "switch" its bias from "risk on" to "risk off". Equities are down, interest in trading is minimal and the broad based rally in the USD, occurring almost by

 

Cattle prices spiked down on option expiration Friday
Mon, 06 Feb 2012 13:36:40 GMT

Energies Crude oil broke thru key support overnight heading into this report, suggesting a strong breakdown may be underway this week. Look for a close below 97.40 on the March contract to confirm. Natural gas quickly reversed its first stab at a rally in what feels like eons. I would expect some volatility this week, but ultimately this is a place to get long natural gas with straight calls. Financials Friday’s report showed unemployment dropping to the lowest level in 3 years, with 243,000

 

Brent price slightly eases
Mon, 06 Feb 2012 12:06:53 GMT

Crude On Friday, the US payrolls report for January turned to be the key factor for trading on almost all markets. It came out much stronger than expected and pushed the price of Brent to a three-month high. Hence, demand-side factors played the key role this time. As regards the situation in Iran, despite some sabre-rattling neither side looks keen to start an open conflict. Although committing to the alliance with Israel, the US president Obama warned on Sunday that any kind of military

 

Currency Index & Volatility
Mon, 06 Feb 2012 11:36:42 GMT

JPY The price of the Japanese Yen was volatile throughout the last five trading days, as it has sharply dipped and rallied several times. Nonetheless, the currency has been generally appreciating relative to the other currencies up until noon on Wednesday. Afterwards the Yen’s value has somewhat dropped and stabilised. There were no particular events that could have influenced the worth of the Yen during the period from 01:00 to 05:00 on Jan 27, though the currency commenced appreciating as

 

CME Launches Gold Forwards Clearing in London
Mon, 06 Feb 2012 11:14:27 GMT

CME Group Inc.’s customers got their wishes answered when CME Clearing Europe (CMECE) launched its centralized clearing service for over-the-counter (OTC) London Gold Forwards on 30, January 2012. The London-based CMECE is 100 percent owned by CME Group Inc., serves CME’s non-US customers and is regulated by the U.K’s Financial Services Authority. CMECE started clearing OTC derivatives on 6, May 2011. What is exciting is that CMECE continues to execute its expansion plan and the London Gold

 

US stock indexes are down in pre-open markets
Mon, 06 Feb 2012 10:44:19 GMT

The appetite for risk is low ahead of the US open because of a new twist in the Greek saga. The Greek government and party leaders have yet to agree on the terms of a second bailout with IMF and EU inspectors before euro zone finance ministers next meet. As I had warned you, expecting a resolution at the weekend to the impossible to fix Greek complex problem was not warranted. The foreign currency futures open lower after an unrealistically strong US employment report to boosted the commodity

 

Forex - Aid Talks Stall in Athens
Mon, 06 Feb 2012 10:29:01 GMT

Forex News and Events: High yielding currencies continued to outperform as the developed nations central banks have all committed to a sustained period of ultra-loose monetary policy (unlimited free liquidity) and the contraction of volatility has put the carry trade back on the map. As with the crowded dividend trading in the equity markets, we suspect that growth projections in many of these nations have already been priced in. So the kicker at this point will only be the interest rate

 

Today no significant economic indicators will be released
Mon, 06 Feb 2012 10:05:24 GMT

On Friday the non-farm payroll data were released in the US; the figure came out at 243,000 against the expected level at 140,000. In addition to the good employment figures, the preceding months’ figure was revised up by 60,000. It is god news that more people have found employment. This supports the positive sentiment in connection with the improvements in the US economy. Economic indicators from the US have now offered positive surprises for more than four months in a row. Today no

 

Daily Market Outlook
Mon, 06 Feb 2012 10:51:20 GMT

Market Review - 03/02/2012   21:36 All times in GMT   The greenback strengthens after strong US jobs data The greenback rose strongly against the yen and other European currencies on Friday as report of a larger-than-expected gain in U.S. jobs dampened speculation that the Federal Reserve will add another round of quantitative easing to spur growth.     U.S. non-farm payrolls in January rose 243K, much higher than street forecast of 150K and 200K in previous month,

 

USD/JPY: The pair will likely remain a by-product of news flow stemming from Europe
Mon, 06 Feb 2012 09:20:17 GMT

EUR/USD The price action this week is again expected to be dictated by the news flow surrounding the debt swap talks in Greece, where a sign of an agreement looks unlikely to be reached until the 11th hour. In turn, uncertainty about a potential default should support flows away from EUR. However countering that is speculation that the upcoming 3-y LTRO (to be conducted late Feb) will see banks tap the ECB for up EUR 1trl and soak up the debt which is to be auctioned off by the indebted

 

USD/JPY: The pair finished the session little changed
Mon, 06 Feb 2012 09:17:42 GMT

EUR/USD In spite of ending the week with a net loss of around 100pips, the fact that the pair managed to settle above 1.3100 level indicates that the outlook remains mildly bullish. Of note, the spread between the 3-month implied vs. realised volatility held steady, while the spread between the 1- month implied vs. realised volatility tightened further. In terms of this week’s news flow, the FT reported that EU banks may tap the upcoming 3-y LTRO for up to EUR 1trl, the pair finished the

 

Daily Forex Technical Overview
Mon, 06 Feb 2012 09:09:35 GMT

Technical Analysis EUR/USD "U.S. bond yields will remain compressed, giving no support for the U.S. dollar from higher U.S. yields for some time yet" - Credit Agricole (based on Marketwatch) In the short-term EUR/USD is likely to slide down to 1.3250/80. A close below this support would encourage further bearish action, which may last up until 1.3000. On the other hand, should 1.3250/80 withstand, the pair will commence recovering and return back to 1.3435. EUR/JPY "In the very short-term

 

Gold and silver glitter; natural gas dogged by oversupply
Mon, 06 Feb 2012 07:44:02 GMT

Looking at year-to-date returns across different asset classes one would almost think that we were looking at a 6 month review, not just one month. A very strong performance has been seen across many different asset classes and some have had the strongest start for decades. The negative sentiment that prevailed across financial markets towards the end of 2011 was all forgotten during January and investors, of which many had applied defensive strategies, were forced to chase the market

 

US Jobs Data Blows Past Forecasts, Stocks Rally
Mon, 06 Feb 2012 07:29:20 GMT

Equities Asian markets traded mostly lower as weaker-than-expected data from China weighed on shares. The Nikkei declined .5% to 8832, while Sony shares surged 8.1% after the company announced a new CEO would take over. Korea’s Kospi slid .6%, and the ASX 200 eased .4%. Chinese markets gained, with the Shanghai Composite rising .5%, and the Hang Seng inching up .1%. US payroll data blew past analyst estimates of 150k, with the economy gaining 243K jobs last month. The unemployment rate slipped

 

Technical Major Currencies Weekly Report
Mon, 06 Feb 2012 07:47:22 GMT

EUR/USD The pair has moved bearishly since the opening of the week where it came below SMA 50 over four-hour interval as seen on the secondary image. Over daily studies, the negativity continued appearing on Stochastic and OsMA and thus; the bearishness is still expected during this week. A break below 1.3070-1.3050 zones will accelerate declines softly targeting 1.2925 followed by 1.2870-1.2860. Our risk limit resides in the areas between 1.3340 and 1.3375 zones. The trading range for this

 

Forex - Philippines Flows: USD/PHP consolidative; 6.8-mag earthquake; govt's borrowing costs rise
Mon, 06 Feb 2012 07:34:22 GMT

Published at 06:59 (GMT) 06 Feb USD/PHP eased from 42.700 highs towards 42.600 on pent-up remittance inflows and positive stocks. Pair however found support thereafter as EUR/USD extended losses. Two-way forces are likely to confine intraday moves within the tested 42.580-42.700 range. Meanwhile, a 6.8-magnitude earthquake jolted Negros, Cebu region, with a local tsunami alert issued by the Philippines Institute of Volcanology and Seismology. Separately, data from the Bureau of the Treasury

 

Asia Session: Australia momentarily steals Greece's limelight
Mon, 06 Feb 2012 07:21:09 GMT

Australian retail sales surprised the market on the downside, coming in at -0.1% for December (consensus +0.2%m/m). The aussie was sent around 20 pips lower immediately following the release, with investors pricing in an increased chance for a rate cut tomorrow. Also, Australian interbank futures suggest that traders are pricing in around a 55% chance of a rate cut, up from 50.8% before the retail sales figure, but down from 62.8% at the beginning of the month. Nevertheless, according to

 

Friday brought another round of relatively strong US macroeconomic data
Mon, 06 Feb 2012 07:12:02 GMT

Key news Friday’s strong US labour market report has lifted the sentiment in the global stock markets. However, Greece’s woes continue and even though the government has agreed on some key austerity measures, some key stumbling blocks – in particular the issue of wage cuts in the private sector – remain. Greece’s deadline with the EU on a new bailout runs out today. Markets Overnight Friday brought another round of relatively strong US macroeconomic data as the US labour market report showed

 

Forex - Chart AUD/USD Update: Easier in range, support at 1.0672
Mon, 06 Feb 2012 07:20:15 GMT

Published at 06:21 (GMT) 06 Feb 06 Feb AUD/USD Daily AUD settled back from the 1.0793 high though dips see support at the 1.0700 level then the 1.0672 low. Would take break here to trigger deeper corrective pullback, lower see more support at the 1.0640/00 area. Further extension above not ruled out, higher targets 1.0860/78 then 1.0910. [P.L] R5: 1.0950 intraday level R4: 1.0910 29 Jul low R3: 1.0860/78 intraday, 25 Jul highs R2: 1.0800 * figure R1: 1.0793 3 Feb high S1: 1.0700 intraday level

 

The Brief Harmonic Daily Forecaster
Tue, 07 Feb 2012 01:45:45 GMT

BIAS : If this is to reach 1.5933-40 then ideally it should do so now… else risk extended consolidation MAIN ANALYSIS : This took the alternative outlook yesterday, dipping 2 points below the 1.5731 support. Ideally, this should mean that we see the move higher through 1.5841 and above 1.5882 to reach 1.5899 for a pullback that remains above 1.5830 to then see the upside follow-through to the 1.5933-40 target. From there a deeper correction can ensue. While not expected there is a higher

 

EURUSD Forecast for February 6
Mon, 06 Feb 2012 10:15:55 GMT

Good morning everyone. Friday's NFP release gave a false initial spike however, we were able to capture the entire movement specially with EURUSD. Today, I'm expecting the US Dollar to gain some strength across the board. I'm not adding any pairs to the hedge currency pairs list to offset the risk today. Currency Outlook US Dollar : Strong Short : EURUSD Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.30989 and 1.31341. Fundamental Watch - Foreign Currency

 

4H Graphs Weekly Gold Forecast
Mon, 06 Feb 2012 09:25:51 GMT

Forecast weekly, February 06 - 10 The pair is trading along an downtrend. The downtrend may be expected to continue from current levels, which will be followed by reaching support level 1682. An uptrend will start as soon as the pair rises above resistance level 1744, which will be followed by moving up to resistance level 1787. Resistance: 1744, 1787 Support: 1721, 1682, 1660

 

Today's Gold Forecast
Mon, 06 Feb 2012 09:25:09 GMT

The pair is trading along an downtrend. The downtrend may be expected to continue from current levels, which will be followed by reaching support level 1721 and then 1706/1700. An uptrend will start as soon as the pair rises above resistance level 1744, which will be followed by moving up to resistance level 1758. Resistances: 1744, 1758, 1787 Supports: 1721, 1706

 

4H Graphs Weekly GBP/USD Forecast
Mon, 06 Feb 2012 09:23:56 GMT

Forecast weekly, February 06 - 10 The pair is trading along an uptrend. The uptrend may be expected to continue from support level 1.5620 - 1.5710 and in case the market rises above resistance level 1.5835, which will be followed by reaching resistance level 1.6050. Resistance: 1.5835, 1.5955, 1.6050 Support: 1.5710, 1.5620, 1.5535

 

Today's GBP/USD Forecast
Mon, 06 Feb 2012 09:23:21 GMT

The pair is trading along an sideways trading pattern . The uptrend may be expected to continue from support level 1.5835, which will be followed by reaching resistance level 1.5955. An downtrend will start from current levels, which will be followed by moving down to support level 1.5710. Resistances:1.5835, 1.5955 Supports: 1.5710, 1.5620

 

4H Graphs Weekly EUR/USD Forecast
Mon, 06 Feb 2012 09:22:09 GMT

Forecast weekly, February 06 - 10 The pair is trading along an uptrend. The uptrend may be expected to continue from support level 1.2950 and in case the market rises above resistance level 1.3180, which will be followed by reaching resistance level 1.3420. An downtrend will start as soon as the pair drops below support level 1.2950, which will be followed by moving down to support level 1.2815 and then 1.2690. Resistances: 1.3180, 1.3345, 1.3420 Supports: 1.3040, 1.2812, 1.2690

 

Today's EUR/USD Forecast
Mon, 06 Feb 2012 09:21:28 GMT

The pair is trading along an downtrend. The downtrend may be expected to continue from resistance level 1.3095, which will be followed by reaching support level 1.2950. An uptrend will start as soon as the pair rises above resistance level 1.3115, which will be followed by moving up to resistance level 1.3160 and then 1.3215. Resistances: 1.3095, 1.3115, 1.3160, 1.3215 Supports: 1.3055, 1.2950

 

EUR/USD Daily Outlook
Mon, 06 Feb 2012 10:51:08 GMT

INTRA-DAY EUR/USD OUTLOOK     Current acceleration of intra-day selloff after the firm breach of last Fri's low of 1.3067 sug- gests erratic decline fm 1.3235 top to retrace rise fm Jan's low of 1.2624 remains in progress n re- test of 1.3026 sup is seen, below, 1.3000.     Sell on recovery with stop as indicated, break wud risk stronger gain to 1.3097. Range Forecast 1.3026 / 1.3070 Resistance/Support R: 1.3097/1.3131/1.3168 S: 1.3026/1.3000/1.2931 Rate

 

Daily technical outlook
Mon, 06 Feb 2012 08:43:26 GMT

If a man will begin with certainties, he shall end in doubts; but if he will be content to begin with doubts he shall end in certainties ~ Sir Francis Bacon Good morning. The euro started the week under pressure, testing bids around $1.3050 earlier today. Ongoing decline is a result of yesterday’s meeting between Greek PM Lucas Papademos and the leaders of three parties, which ended without any deal. While Greece is again in focus, euro is decoupling from risk sensitive pairs such as

 

The Brief Harmonic Daily Forecaster
Mon, 06 Feb 2012 02:22:54 GMT

BIAS : While 76.35-48 supports (max 76.29) this correction should reach 96.90-98 before extending losses MAIN ANALYSIS : The break above 76.35-42 clearly came as a surprise. However, I see the move so far as corrective and therefore a small shift of the structure I had been using is required. This could still mean a small dip to the 76.35-48 area but overall I see this correction extending just a little more to the 76.90-98 area. This should cap for the downtrend to resume. From that high the

 

The Brief Weekly Harmonic Elliott Wave Outlook
Sun, 05 Feb 2012 12:13:05 GMT

WEEKLY OUTLOOK FOR AUDUSD DAILY STRUCTURE 24th January : From the Dollar's performance in general and the slow way in which the rally so far has developed it's probably too skewed to be Wave ^B and therefore I feel more direcyly bullish to the 176.4% projection in Wave -iii- of Wave (c) to the 1.1039 area. From there we should see a pullback in Wave -iv- and then a push higher in Wave -v- which tentatively targets the 1.1325 area. Only below 1.0200 would concern and perhaps take us down in

 

Daily Technical Outlook
Fri, 03 Feb 2012 08:04:39 GMT

Plans are only good intentions unless they immediately degenerate into hard work. ~ Peter Drucker Good morning. It’s that day of the month again, when everyone is waiting for the release of NFP report, which is expected by analysts to post a figure around 150k. Most currency pairs are trading quietly since yesterday, ahead of today’s employment figures USD Index 79.50 provides a stable barrier to the upside; sellers are probably waiting on the sideline, in case of a rally in the next

 

Today's Gold Forecast
Fri, 03 Feb 2012 07:53:09 GMT

The pair is trading along an uptrend. The uptrend may be expected to continue in case the market rises above resistance level 1762, which will be followed by reaching resistance level 1770 and then 1787. An downtrend will start as soon as the pair drops below support level 1747, which will be followed by moving down to support level 1730. Resistances: 1762, 1770, 1787 Supports: 1747, 1738, 1730

 

Today's GBP/USD Forecast
Fri, 03 Feb 2012 07:52:02 GMT

The pair is trading along an uptrend. The uptrend may be expected to continue from support level 1.5790, which will be followed by reaching resistance level 1.5955. An downtrend will start as soon as the pair drops below support level 1.5790, which will be followed by moving down to support level 1.5665 - 1.5620. Resistances: 1.5835, 1.5955 Supports: 1.5790, 1.5620

 

Today's EUR/USD Forecast
Fri, 03 Feb 2012 07:51:27 GMT

The pair is trading along an sideways trading pattern. An uptrend will start from support level 1.3080 and as soon, as the pair rises above resistance level 1.3160, which will be followed by moving up to resistance level 1.3215 and then 1.3345. An downtrend will start as soon as the pair drops below support level 1.3080, which will be followed by moving down to support level 1.2980 and then 1.2890 - 1.2815. Resistances: 1.3160, 1.3215, 1.3345 Supports: 1.3080, 1.2980, 1.2815

 

EURUSD Forecast for February 3
Fri, 03 Feb 2012 06:55:35 GMT

Good morning everyone. Yesterday's forecasts were in line with the markets throughout the day. EURUSD held strong twice. Today, I'm expecting the same mixed sentiments as yesterday with the US Dollar. Please be cautious today as its NFP (Non Farm Payroll) News release today. Expect swings. I'm adding some pairs as hedged currency pairs to offset the trading risk today. Currency Outlook US Dollar : Mixed Sentiments Short : EURUSD Today we're expecting the EURUSD to proceed Short below the

 

The Brief Harmonic Daily Forecaster
Fri, 03 Feb 2012 01:18:39 GMT

BIAS : It looks like we'll see 76.35-42 again before lower MAIN ANALYSIS : A drift lower yesterday but stalling above the 76.02 low and from there a modestly firmer move higher that looks pretty much as if we'll see price recycle to the 76.35-42 area again. From there the next move lower to 75.55-76 should develop. COUNTER ANALYSIS : Only a direct break above 76.42 would test the 76.64 pivot resistance… However, only above the 76.77 high would trigger firmer gains with the 77.30 pivot

 

Today's Gold Forecast
Thu, 02 Feb 2012 10:03:06 GMT

The pair is trading along an uptrend. The uptrend may be expected to continue from support level 1747, which will be followed by reaching resistance level 1760 - 1766. An downtrend will start as soon as the pair drops below support level 1744, which will be followed by moving down to support level 1730. Resistances: 1760, 1768 Supports: 1747, 1740, 1738, 1730

 

Today's GBP/USD Forecast
Thu, 02 Feb 2012 10:02:34 GMT

The pair is trading along an uptrend. The uptrend may be expected to continue from support level 1.5790, which will be followed by reaching resistance level 1.5900 - 1.5955. An downtrend will start as soon as the pair drops below support level 1.5790, which will be followed by moving down to support level 1.5665. Resistances: 1.5900, 1.5955 Supports: 1.5790, 1.5665

 

Today's EUR/USD Forecast
Thu, 02 Feb 2012 10:00:48 GMT

The pair is trading along an sideways trading pattern . An uptrend will start from support level 1.3080 and as soon, as the pair rises above resistance level 1.3215, which will be followed by moving up to resistance level 1.3345 - 1.3420. An downtrend will start as soon as the pair drops below support level 1.3080, which will be followed by moving down to support level 1.2980 and then 1.2890 - 1.2815. Resistances: 1.3215, 1.3345, 1.3420 Supports: 1.3080, 1.2980, 1.2890, 1.2815

 

Daily technical outlook
Thu, 02 Feb 2012 08:20:46 GMT

The outcome of any serious research can only be to make two questions grow where only one grew before. ~ Thorstein Veblen Good morning. Dollar is back down retesting weekly bottom ahead of tomorrow’s NFP Report. USD Index 79.50 remains intact and provided a stable resistance point in the last 3 days. Judging by how things look now, I think there’s a good chance to test 78 soon EURUSD Recent decline to 1.3025/50 was corrective and upside is back in focus, so it’s time to keep an eye on

 

EURUSD Forecast for February 2
Thu, 02 Feb 2012 06:45:49 GMT

Good morning everyone. Yesterday's market ended up pushing through during the US Session. EURJPY was able to capture the entire move. Today, I'm expecting mixed sentiments for the US Dollar. I'm adding several pairs as a hedge to one another. Correlation trading today would not be recommended. Conservative traders stand aside. Currency Outlook US Dollar : Mixed Sentiments Short : EURUSD Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.31665 and 1.32094.

 

The Brief Harmonic Daily Forecaster
Thu, 02 Feb 2012 01:45:16 GMT

BIAS : This seems to be on track for the 1.0806-23 area - possibly higher - but take care at 1.0740-52 first MAIN ANALYSIS : The rally has remained cranky and choppy but did reach the 1.0737-54 projection area from where we have seen a correction. The question now is whether we see direct follow-through higher or a day of sideways consolidation. At most I feel the 1.0680 pivot support should hold and the upside risk remains. I do tend to prefer a more direct route higher but take care until

 

EURUSD Forecast for February 1
Wed, 01 Feb 2012 06:43:00 GMT

Good morning everyone. The markets have been swinging drastically from session to session lately. Today, I'm expecting the US Dollar to gain strength overall. However, I am adding some pairs to the hedged currency pairs list to offset the trading risk today. Conservative traders, continue to stand aside. Currency Outlook US Dollar : Strong Short : EURUSD Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.31129 and 1.30665. Fundamental Watch - Retail Sales y/y -

 

INTRA-DAY USD/JPY OUTLOOK - 76.19 - 01 Feb 2012 04:09GMT...
Wed, 01 Feb 2012 06:12:18 GMT

01 Feb 2012 04:09GMT... INTRA-DAY USD/JPY OUTLOOK - 76.19 Although dlr's sideways trading abv y'day's low at 76.14 wud continue n as long as said sup holds, another bounce to 76.30 is seen, abv 76.41/42 res needed to signal recent decline has possibly formed a temp. low there n yield gain to 76.55. Exit long n stand aside. On the downside, only below 76.05 wud abort daily bullish prospect of dlr

 

The Brief Harmonic Daily Forecaster
Wed, 01 Feb 2012 01:14:40 GMT

BIAS : It's now very important for this to rally else expect stronger losses MAIN ANALYSIS : The upside resistance didn't work but yesterday's low stalled just below the 99.60 support - at 99.53. This now looks critical. I'd still prefer one more rally but we must break above the 99.95-00 pivot resistance to provide the energy for extension through 100.39 towards yesterday's 100.88 high. This is likely to cause a pullback but not last too long and then for follow-through above 101.40-50 and

 

Weekly Brief Harmonic Elliott Wave Analyst
Tue, 31 Jan 2012 11:10:25 GMT

DAILY STRUCTURE 31st January : The 78.28 high held the pullback in a flat correction and the lack of alternation in the subsequent decline is pointing towards a much stronger extension lower. Overall this tends to point to Wave (c) of Wave (v) now under development with the high risk ending at the 94.4% projection in Wave (c) and 38.2% in Wave (v) at 70.90. On the way note the 198.4% projection in Wave -iii- at 72.41. However, we first need to navigate the end of Wave -a- of Wave -iii-.

 

The Brief Harmonic Daily Forecaster
Tue, 31 Jan 2012 02:47:53 GMT

BIAS : This remains complicated with several corrective structures possible but I don't see the 1.5757-79 area breaking yet… MAIN ANALYSIS : No move higher yesterday but a messy pullback. I'm now expecting the worst in terms of complexity in a corrective pattern. Unfortunately this opens up a variety of alternatives and we'll have to tick them off as each breaks down. First of all there is resistance at 1.5720-29. If this caps the risk will be for a triangle that should then trigger losses

 

4H Graphs Weekly Gold Forecast
Mon, 30 Jan 2012 09:56:53 GMT

The pair is trading along an uptrend. The uptrend may be expected to continue in case the market rises above resistance level 1747, which will be followed by reaching resistance level 1700 and then 1782. An downtrend will start as soon as the pair drops below support level 1718, which will be followed by moving down to support level 1700 and then 1682. Resistance: 1747, 1787 Support: 1718, 1700, 1682

 

Today's Gold Forecast
Mon, 30 Jan 2012 09:56:09 GMT

The pair is trading along an uptrend. An downtrend will start from curren levels, which will be followed by moving down to support level 1718 and then 1707 - 1700. Resistances: 1729, 1735, 1747 Supports: 1718, 1707, 1700, 1682

 

4H Graphs Weekly GBP/USD Forecast
Mon, 30 Jan 2012 09:54:52 GMT

The pair is trading along an uptrend. The uptrend may be expected to continue in case the market rises above resistance level 1.5710, which will be followed by reaching resistance level 1.5820 and then 1.5900. An downtrend will start as soon as the pair drops below support level 1.5665, which will be followed by moving down to support level 1.5535. Resistance: 1.5710, 1.5820, 1.5900 Support: 1.5665, 1.5620, 1.5535, 1.5425, 1.5355

 

Today's GBP/USD Forecast
Mon, 30 Jan 2012 09:53:31 GMT

The pair is trading along an sideways trading pattern. The uptrend may be expected to continue in case the market rises above resistance level 1.5710, which will be followed by reaching resistance level 1.5820. An downtrend will start as soon as the pair drops below support level 1.5665, which will be followed by moving down to support level 1.5535. Resistances: 1.5710, 1.5820 Supports: 1.5665, 1.5620, 1.5535

 

4H Graphs Weekly EUR/USD Forecast
Mon, 30 Jan 2012 09:52:12 GMT

The pair is trading along an uptrend. The uptrend may be expected to continue in case the market rises above resistance level 1.3230, which will be followed by reaching resistance level 1.3345 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.3520. An downtrend will start as soon as the pair drops below support level 1.3120, which will be followed by moving down to support level 1.2980. Resistances: 1.3230, 1.4435, 1.3520 Supports: 1.3120, 1.2980,

 

Today's EUR/USD Forecast
Mon, 30 Jan 2012 09:52:39 GMT

The pair is trading along an uptrend. An downtrend will start from current levels, which will be followed by moving down to support level 1.2980. The uptrend may be expected to continue in case the market rises above resistance level 1.3230, which will be followed by reaching resistance level 1.3345. Resistances: 1.3230, 1.3345 Supports: 1.3120, 1.2980

 

Daily technical outlook
Mon, 30 Jan 2012 08:34:02 GMT

The trouble with normal is it always gets worse. ~ Bruce Cockburn Good morning. Euro trades lower today, before European leaders meet in Brussels to discuss the region’s debt crisis and sign off a permanent rescue fund for the eurozone. Here’s a couple of charts to start the week with: USD Index Former support around 79.50 is now providing the first resistance level, so it’s a good idea to keep an eye on it if dollar’s recovery continues EURUSD 4hrs chart still looks quite bullish as the

 

EURUSD Forecast for January 30
Mon, 30 Jan 2012 07:04:56 GMT

Good morning everyone. As we approach the end / beginning of each month we need to stay cautious for swings. Reports for 2012's data will start releasing for here on out. Today, I'm expecting the US Dollar to weaken, however with the strength of the market on Friday, there is a strong possibility the markets will further drop (gain US Dollar Strength). If this is the scenario, a cross to the other side of the blue zones will trigger a change in direction. Conservative traders, stand aside.

 

The Brief Harmonic Daily Forecaster
Mon, 30 Jan 2012 02:25:56 GMT

BIAS : This should see a pullback to 0.9184-01 before lower to the 0.9080 target MAIN ANALYSIS : Price stalled perfectly in the 0.9221-28 resistance to extend losses below the 0.9187 pivot support to finally reach the 0.9114 level. Allow for 0.9111 but overall I feel today should see a pullback higher that could be quite deep, initially to the 0.9155-61 area for a correction and after a small correction we should see the recovery extend to the 0.9184-01 area. From here I see potential for

 

Today's Gold Forecast
Fri, 27 Jan 2012 09:16:06 GMT

The pair is trading along an uptrend. The uptrend may be expected to continue from support level 1715, which will be followed by reaching resistance level 1744. An downtrend will start as soon as the pair drops below support level 1715, which will be followed by moving down to support level 1700. Resistances: 1744 Supports: 1715, 1700, 1682

 

Today's GBP/USD Forecast
Fri, 27 Jan 2012 09:14:28 GMT

The pair is trading along an uptrend. The uptrend may be expected to continue in case the market rises above resistance level 1.5710, which will be followed by reaching resistance level 1.5790 - 1.5820. An downtrend will start as soon as the pair drops below support level 1.5620, which will be followed by moving down to support level 1.5535. Resistances: 1.5710, 1.5790, 1.5820 Supports: 1.5665, 1.5620, 1.5535

 

AUDUSD inside bar setup
Tue, 07 Feb 2012 01:33:58 GMT

Chart in Focus: Daily AUDUSD The AUDUSD has been in a very consistent uptrend recently and we can see price has respected the 8 / 21 day EMA support layer since about the end of December. Today, price formed an inside bar setup near the key level at 1.0750. If price breaks out above the mother bar high of today's inside bar setup we could see an extension of the recent uptrend and a potential re-test of the longer-term resistance at 1.1075.

 

AUD/USD Gives Back the NFP-Reaction-Gains Ahead of the RBA Meeting
Mon, 06 Feb 2012 21:11:38 GMT

AUD/USD The AUD/USD rallied above last week’s 1.0683 range resistance before setting up 1.0750 area as the next range resistance, which was broken to the upside after the better than expected Non-Farm Payroll data from the US. This week, the market fails to sustain the rally, falling back to 1.0683 to test as support again. The 1H chart shows that the market is basically consolidating and respecting 1.0683. It is trading above the 200-hour simple moving average (which has recently been acting

 

EUR/USD testing 1.3135, recovery expected to be limited
Mon, 06 Feb 2012 17:08:55 GMT

The Euro continues to trade inside last weeks' range, driven mostly by headlines coming from Greece where political leaders had postponed a meeting to agree on fiscal austerity measures needed to avoid default until tomorrow. Despite recent bounce, EUR/USD 4 hours chart holds a bearish tone as indicators are still heading south below their midlines while the price is testing the 20 SMA. More range is expected today, with the pair trading between 1.3020 and 1.3160. However, a break below the

 

USD/CHF
Mon, 06 Feb 2012 16:30:43 GMT

USD/CHF $CHF basing in the 60 min chart...and we have travelled higher and reached 9265 just blipping the short term 61.8 fib level...This afternoon then we look for the market to edge a little lower possibly the 9230/9200 and here we would be looking to buy this dollar once more.. We will keep stops below 9170 which offers the days lows thus far. So we do expect strength after this as the daily charts are showing for the market to move higher...If we exceed 9288 we will be on our way to 8340

 

Usd/Inr Incomplete Bearish Impulse
Mon, 06 Feb 2012 15:33:56 GMT

We expect a pull-back into 50 area in wave 4 retracement, before we will look for a downtrend continuation. Divergence also suggests that temporary low could be forming. For our trading results form January, please click here

 

GBPJPY: Biased To The Upside Nearer Term
Mon, 06 Feb 2012 14:29:53 GMT

GBPJPY: Biased To The Upside Nearer Term. GBPJPY – Despite the cross’s current price hesitation, it continues to hold on to its nearer term corrective uptrend started from the 117.26 level. This leaves the risk of a return to the 122.02 level and then the 122.75 level, its Dec 22’2011 low where a violation will extend gains towards the 123.14 level, its Nov 15’2011 high. A loss of there will aim at the 127.30/21 levels where a breather is expected to occur. On the downside, the risk to this

 

EUR/USD Ready for Another Bull Run After a Double-Three Correction
Mon, 06 Feb 2012 13:53:12 GMT

EUR/USD There were mixed reactions in USD-crosses after the better than expected Non-Farm Payroll  release last Friday. For the EUR/USD, there was USD-strength, then a pullback to the price levels right before the release. This week, we have some follow through to the downside, but as we gear up for the US session, the market has found support at 1.3030, just above the low from its recent consolidation. The one hour chart shows a reversal-type candle stick combination and also a failure

 

EUR/USD further losses seen below 1.3030
Mon, 06 Feb 2012 12:44:20 GMT

The Euro came under pressure on Monday amid fears that Greece would not accept new austerity measures needed to secure further funding from the troika and to avoid a potential sovereign debt default. Technically, EUR/USD holds a bearish tone with 4 hours chart showing indicators heading south below their midlines and price developing beneath a flat 20 SMA.  The pair has been trading in a range between 1.3025/1.3225 within the last weeks so a break below the 1.3030/25 zone could led to more

 

(Video) Elliott Wave Market Overview For Feb 06
Mon, 06 Feb 2012 09:20:45 GMT

Hello Traders! Hope you all had a great weekend! USD is trading higher after a gap lower on Euro and S&P Futures seen at the open. Commodity currencies are also looking weak after lower metals, with gold down more $40 from Friday highs. Looks like we could see more USD strenght in this week, but only within larger corrective pull-backs, which are part of a bullis htrend on majors. For more analysis please check our latest video analysis below in which we covered Euro, Aussie, Cad, Gold and

 

Wheat: Autochartist will continue tracking this pattern
Mon, 06 Feb 2012 08:26:37 GMT

Grain markets have long been susceptible to a seasonal decline commonly referred to as the “February Break”, where prices are seen weakening from the end of January through the beginning of March. This tendency is a result of farmers selling off old crop to raise capital for the spring planting season. Some years carry a more pronounced effect than others, and it is best to keep an eye on the longer term chart analysis to determine where the markets might be in the price cycle. Autochartist

 

The UK100 index CFD finally reached its October top near 5833.00
Mon, 06 Feb 2012 08:21:57 GMT

It took a while, but the UK100 index CFD finally reached its October top near 5833.00 after several months of tumultuous trading activity. Powerful short-term momentum drove the market up to the resistance level of an ascending triangle chart pattern on the 1440-minute chart, putting the market in a position to breakout to the upside. The initial trend is up as well as the projected direction of the next move. Based on this set-up, Autochartist has determined that this chart pattern is poised

 

GBP/JPY: Autochartist rates the overall Quality of this chart pattern
Mon, 06 Feb 2012 08:19:07 GMT

GBP/JPY continues to advance inside the Uniform Triangle chart pattern identified by Autochartist on the daily charts. Autochartist rates the overall Quality of this chart pattern at the 4 bar level which reflects the following values on the individual contributing Quality indicators: low Initial Trend (measured at the 2 bar level), significant Uniformity (7 bars) and average Clarity (5 bars). This chart pattern continues the previous upward price move from the major level of support 117.00.

 

Daily Technical Crosses: EUR/CHF, AUD/USD, USD/CAD, NZD/USD, EUR/GBP
Mon, 06 Feb 2012 08:08:01 GMT

EUR/CHF Forecast Technical Analysis The EUR/CHF pair rallied on Friday as risk entered back into the market. The Non-Farm Payroll report had everyone happy, and as a result the Franc got sold off in general. The pair was dangerously close to the “minimum acceptable rate” as the Swiss National Bank refers to 1.20, and as a result we weren’t surprised to see this move. Quite frankly, it looks as if the market wanted to test the will of the SNB until the jobs report came out. The move upwards was

 

Daily Technical Majors: EUR/USD, USD/JPY, GBP/USD, USD/CHF
Mon, 06 Feb 2012 07:50:31 GMT

EUR/USD Forecast Technical Analysis EUR/USD went back and forth like it normally does on a Non-Farm Payroll day on Friday. The pair simply didn’t go anywhere, and the market is still “stuck” between the 1.32 level and the 1.30 level. The area is massive consolidation, and with all of the issues surrounding the supposed Greek debt agreement, and the central bank meeting late this coming week – this pair could sit very still for a while. Traders can buy at the bottom of the range, and sell at

 

Live Cattle futures slipped from near-record highs in Friday's session
Mon, 06 Feb 2012 07:08:06 GMT

Live Cattle futures slipped from near-record highs in Friday’s session to signal a technical breakout to the downside. Autochartist has been following the development of a longstanding Triangle chart pattern, with the sell-off completing near the apex of the formation. This leaves the market vulnerable to a sharp sell-off to begin next week’s trading. The Triangle chart pattern is illustrated here on the 240-minute time frame and shows the recent failure to penetrate upside resistance. As this

 

Japan 225 (JP225): The overall quality rating is an average 5-bars
Mon, 06 Feb 2012 06:59:30 GMT

After several time periods of consolidation the Japanese 225 (JP225) index CFD finally broke out over the resistance line of an ascending triangle chart pattern on the 240-minute chart, completing the pattern and setting up a possible breakout into the Autochartist forecast price zone at 9054.42 to 9234.30. The size of the last candlestick suggests the presence of momentum. This boost of energy must continue to ensure that the index CFD will reach its target zone within the allotted time

 

EUR/NOK chart pattern continues the prevailing downtrend visible
Mon, 06 Feb 2012 06:45:07 GMT

EUR/NOK has recently completed the high Quality Descending Triangle chart pattern identified by Autochartist on the 240- minute charts. Autochartist rates the overall Quality of this chart pattern at the 8 bar level as a result of the average Initial Trend (rated at the 5 bar level) and near maximum Uniformity and Clarity (both rated at the 9 bar level). This chart pattern continues the prevailing downtrend visible on the daily and the weekly EUR/NOK charts. Both of the connecting points of

 

Lack of progress on Greek talks keeps EUR pinned back, for now
Mon, 06 Feb 2012 06:38:56 GMT

A seeming lack of progress on either of the Greek negotiations (PSI and Troika) over the weekend set the EUR off on a weak tone at the start of trading today. Opening close to New York closing levels from Friday, the EUR slid back to Friday’s lows as no developments were reported on Greek talks and the FT reported that talks with the government had broken down as no agreement could be reached on the deep spending cuts and structural reforms that the Troika were insisting on before the release

 

EUR/USD
Mon, 06 Feb 2012 06:13:26 GMT

EUR/USD Euros have excellent support in the 1.3015/10 area1.3015/10 area...and this will be the key.. If the market declines initially...we will look for this support to hold if we are to complete this basing pattern… We would then expect the market to rise off this support and once more we are looking to 1.3240 as key resistance on the topside...If we manage to hold 1.3005 and trade higher we still have the inverse H&S pattern to negociate this week...The break point on the topside is

 

EURUSD: Bullish Momentum Remains Despite Price Hesitation
Mon, 06 Feb 2012 06:03:12 GMT

EURUSD: Bullish Momentum Remains Despite Price Hesitation(Weekly Technical Strategist). EURUSD: Despite a marginal lower close due to pricehesitation the past week, its broader upside outlook remains intact. The pairmust break and hold above the 1.3233 level to strengthen further with eyes onthe 1.3375 level, its Dec 12’12 level. On further price extension, EUR shouldtarget the 1.3484 level, its Dec 05’2011 high and possibly higher towards itsDec 02’2011 high at 1.3547. Its weekly RSI is

 

GBP/USD
Mon, 06 Feb 2012 05:53:45 GMT

GBP/USD Cable failed to maintain over 1.5820 after hitting 1.5860. Now we do need to trade and hold above 1.5820 if we are to see any further strength. Failure to do so will result in the market coming lower and we would be able to see this push lower this week for 1.5695/80 to 1.5640. A move to these lower region will ease the overbought conditions on the daily charts. However if we take a look at the weekly charts we can see that although technical indicators still point higher, we are in

 

Historic congestion is seen in the ranges of 81.40- 83.50
Mon, 06 Feb 2012 05:46:40 GMT

Market Commentary The Dollar Index is finding support the short-term support of 78.20 on the event of the key equity index of the Dow Industrials reaching supply zone of previous year highs of 12900 ranges. DXH2 may trade sideways between 80.10 and 78.20; though the medium-term trend is bearish. The long-term trend is still bearish till the Dollar Index does not close above 83.50 on monthly basis. Historic congestion is seen in the ranges of 81.40- 83.50. The benchmark equity Index of the Dow

 

S & P March Contract
Mon, 06 Feb 2012 05:28:35 GMT

S & P March Contract S&P did rally on Friday, but never quite got to 1345/48 target...but did reach 1342. We have seen the market gap open and if we lose 1333 we shall see further selling pressure. Short term we are looking oversold...however we are still overbought in the med term and we would therefore look for 1333 to hold today and for another attempt at 1342 possibly 1438 before the market tops out...Sell on rallies to these higher levels and only reverse if above 1353. Below 1333

 

Index Recommended Levels
Mon, 06 Feb 2012 05:22:30 GMT

Dow Jones : Resistance ( daily close ) : 9382.12, 9744.26, 10 091.30, 10 935.23, 11 164.57, 344.92 and 11 520.30. Then 11 749.22, 11 970.00, 12 152.82, 12 600.24, 12 982.20 , 13 162.50 and 13 320.00. Break of the latter will lead to 13 567.60, 13 668.74 and 13 792.53 ( published on October 21, 2008). Support ( daily close ): 9630.33 and 9358.35(main), 9090.00, 8912.62 ( published on November 10, 2009) . Today’s support: - 12771.33 and 12757.44 (main), where a delay and correction may happen.

 

Dollar Canada
Mon, 06 Feb 2012 05:10:24 GMT

Dollar Canada Canada is looking weaker now and we can see this coming lower for 0.9885 quite quickly.This area is the med term 0.618 fib level and as such it is liable to offer some respite form the recent downward move. We are beginning to be oversold on the med term charts and this may also help to buoy prices in the not too distant future.. We also have the 55 weekly M/A coming in at 0.9910 so between these 2 prices is where we would like to see the market base.. We would look for a move

 

Australian Dollar
Mon, 06 Feb 2012 04:43:48 GMT

Australian Dollar Aussie slightly oversold in the short term...so we may well see a small bounce early in the session. However..med term technical indicators have turned negative and therefore we look for any bounce to be sold into. 1.0790/95 remains at present good resistance and we would view any challenge on this area as a place to re-sell. We would keep stops then above 1.0840. 1.0650 is looking the area where we should start to see a little profit taking. However as stated the med term

 

Trading Opportunities Review From January 2012
Sun, 05 Feb 2012 16:26:58 GMT

Traders, we just published new video in which we covered and analyzed all of the trade set-ups that we took and shared with members in January.

 

EUR/USD...1.3156...Weak Downtrend
Sun, 05 Feb 2012 14:50:27 GMT

EURUSD: 1.3156 Short-Term Trend: weak downtrend Outlook: EUR/USD has traded sideways for the past week or so between 1.30 and 1.32. The fact that the prices have remained abv the rising 21-day moving average is an encouraging sign that our bullish view here is correct. To remind you, we think that an important low was achived in January and a recovery twd 1.3520 and 1.3720 is now under way. Thus, despite the overbought conditions on the daily chart, we favor a move up this week. Firm and

 

Mixed Reactions in the US Dollar to the Non-Farm Payroll
Fri, 03 Feb 2012 20:38:16 GMT

Release: US Employment Change (Jan): 243K Consensus Forecast: 150K Previous: 203K Revised from: 200K Release: Unemployment Rate (Jan): 8.3% Consensus Forecast: 8.5% Previous:8.5% Anytime we get above forecast and above 200K employment change and decline in unemployment, we get welcoming sign for the US economy. Risk appetite usually leads to pressure for the USD. Indeed we saw that against the commodity currencies like USD/CAD, AUD/USD and NZD/USD where dollar weakness was apparent right after

 

GBP/USD: Testing 1.5800, bearish below 1.5740
Fri, 03 Feb 2012 16:16:28 GMT

The GBP/USD has been under selling pressure this Friday, regardless the strong risk appetite seen in stocks. The 4 hours chart shows the pair holds the bullish tone seen over the past few weeks despite testing 1.5740 o US employment readings, having bounced back to 1.5800 afterwards. Technically, the recovery has stalled in the 20 SMA while indicators head south still above their midlines. More range is expected till the end of the day, with the pair trading between 1.5740 and 1.5830 levels.

 

EUR/USD Continues to Range Ahead of the Non-Farm Payroll
Fri, 03 Feb 2012 12:22:01 GMT

EUR/USD The EUR/USD failed at another attempt to rally above 1.32 in the 2/1 Us session, and fell through the Asian-European session until it came to attack the 1.31 handle. This was also where the 200 hour simple moving average was, and the RSI reading was at 40. These conditions that give support to EUR/USD signal some slight bullish bias, but also reflects the indecision and hesitation of the EUR/USD market in either direction. As the US session winds down, the market has failed again to

 

AUD/USD: Steady around 1.0700 ahead of Payrolls
Fri, 03 Feb 2012 11:40:22 GMT

Market is on wait and see mode ahead of the US employment data, with dollar under pressure as stocks advance. High yielders, included Australian dollar, hold the overall bullish tone seen over the past few weeks, with AUD/USD 4 hours chart showing indicators heading north above their midlines, and price finding support in a slightly bullish 20 SMA. As the pair will trade on risk, be aware of stocks reaction to the data: rising stocks amid a surprise positive number, will likely favor a spike

 

Daily Technical Crosses: EUR/CHF, AUD/USD, USD/CAD, NZD/USD, EUR/GBP
Fri, 03 Feb 2012 11:43:58 GMT

EUR/CHF Forecast Technical Analysis EUR/CHF is falling over time, but Thursday saw a little bit of a reprieve. However, the gains were mostly given back. The Swiss National Bank is currently ready to defend the 1.20 level, and most certainly act if the pair falls below it. Because of this, the pair can only be bought if you are to trade it. The candles sticks actually look quite bearish, but the backstop is a large one considering the market is being held up by a central bank that has said

 

GBPUSD: Biased To The Upside Medium Term Despite Price Hesitation
Fri, 03 Feb 2012 11:10:38 GMT

GBPUSD: Biased To The Upside Medium Term Despite Price Hesitation. GBPUSD - Although GBP backed off higher prices to close lower on Thursday, we continue to maintain our upside outlook. This suggests that GBP should eventually return above the 1.5882/5 level.This will pave the way for further strength towards the 1.6074 level, its Nov’2011 high. Its daily RSI is bullish and pointing higher suggesting further strength. On the downside, support lies at the 1.5770/9 level where a reversal of

 

EURUSD – Buy at the 7am open with a stop of 1.3086
Fri, 03 Feb 2012 07:21:00 GMT

EURUSD – Trading in EURUSD was mixed with the initial dip bought but the subsequent rally rejected, resulting in little net change for the day. However, price action from Friday’s high of 1.3235 to Wednesday’s low of 1.3026, has formed a consolidating expanding wedge. This formation had a bias to break to the upside. This bullish sentiment is further highlighted by EURUSD posting a higher intraday low. In view of these facts our call is a Buy with a stop of 1.3086. The profit targets are

 

Brent Crude Oil futures are holding steady above $110 per barrel
Fri, 03 Feb 2012 07:15:59 GMT

Brent Crude Oil futures are holding steady above $110 per barrel after having hugged this key support level through most of the trading week. This level serves as the rising trend line which forms the bottom of a Flag chart pattern highlighted here by Autochartist. The Flag appears on the Autochartist 240-minute time frame, currently listed as an active trading opportunity. The approach to support has already confirmed the pattern is intact as of Thursday’s session with a bounce from $110.50

 

After forming Point C on the Japan 225 (JP225) index CFD 30-minute chart
Fri, 03 Feb 2012 07:05:14 GMT

After forming Point C on the Japan 225 (JP225) index CFD 30-minute chart, Autochartist had enough information to identify the making of an ABCD Fibonacci pattern and a possible rally to the Target Price or Point D at 8899.39. If this forecast price level is tested successfully during the time period allotted, the prediction is for the index CFD to break into a series of Fibonacci price levels ranging from 8885.63 to 8842.37. The ABCD Fibonacci pattern is known as the “backbone” of all

 

CAD/JPY continues to decline inside the Rising Wedge chart pattern
Fri, 03 Feb 2012 06:56:17 GMT

CAD/JPY continues to decline inside the Rising Wedge chart pattern identified by Autochartist on the daily charts. Autochartist rates the overall Quality of this chart pattern at the 6 bar level as a result of the strong Initial Trend (rated at the 8 bar level), average Uniformity (5 bars) and lower Clarity (4 bars). This Rising Wedge continues the prevailing downtrend visible on the daily CAD/JPY charts. Both of the connecting points of the upper resistance trendline of this Rising Wedge

 

Daily Technical Majors: EUR/USD, USD/JPY, GBP/USD, USD/CHF
Fri, 03 Feb 2012 07:10:04 GMT

EUR/USD Forecast Technical Analysis EUR/USD fell during the Thursday session in a tight range. The candle is a hammer, and it looks like the market wants to rise as a result of the Non-Farm Payroll numbers later today. The pair sees a lot of resistance at the 1.32 level, which of course is the 38.2% Fibonacci level from the larger move down. However, we need to see this pair either break and close above the level, or break and close below the 1.29 level in order to get some kind of clarity.

 

Asian markets steady ahead of today's US non-farm payrolls
Fri, 03 Feb 2012 06:42:53 GMT

Today it was the turn of the non-manufacturing category of PMI indices to grab the attention – and headlines seemed not quite so rosy as the manufacturing side. The official services PMI slid to 52.9 in January from 56.0 with a weak construction sector knocking the wind out of buoyant New Year-related retail sales and transportation. The privately conducted HSBC survey was unchanged from the previous month with a 52.5 print. We still feel that it is prudent to wait for March data to gauge the

 

Daily Chart Art - February 7, 2012
Tue, 07 Feb 2012 02:30:48 GMT

GBP/USD: 1-hour Price is making lower highs while Stochastic is making higher highs? That's a bearish divergence, baby! Could GBP/USD be on the verge of breaking down? Price tested the 1.5850 handle a couple times, and both attempts ended in failure. If you feel like rooting for the dollar, you may want to consider shorting at market or in the area of 1.5850. But if you feel that the pound's bullish momentum will carry it higher, you may want to wait until we see a solid close above this

 

USDCHF remains in downtrend
Tue, 07 Feb 2012 02:14:28 GMT

USDCHF remains in downtrend from 0.9594, the price action from 0.9114 is treated as consolidation of downtrend. Another fall towards 0.8900 is still possible after consolidation and a breakdown below 0.9114 will signal resumption of the downtrend. Key resistance is at 0.9350, only break above this level could indicate that the fall from 0.9594 has completed at 0.9114 already, then the following upward movement could bring price back towards 0.9594 previous high.

 

Top 3 Currency Market Movers
Mon, 06 Feb 2012 22:25:07 GMT

EURAUD  1.2227 +0.30% Fundamentals have played a big role in the recent turnaround in the EURAUD pair.  Euro speculation on a Greek resolution is trumping the dour economic sentiment plaguing the Australian dollar – with both supporting a rather strong upside move in the pair.  Finding support at the 1.2200 exchange rate, the pair is currently trading at 1.2236.  With consolidation expected in the near term future, we anticipate further momentum to push the exchange rate to

 

EURJPY - Complex b of B Range Trade
Mon, 06 Feb 2012 16:54:37 GMT

 

Indices Update: Europe has a weak start, but still looks good
Mon, 06 Feb 2012 16:19:20 GMT

European equities have pulled back today but this is entirely normal after last week’s rally. Stocks in Europe were up nearly 4% last week on average, and also closed above some fairly significant technical levels. The pan European Eurostoxx index broke above its 200-day sma at 2,448 and managed to sustain a weekly close above this level, on the daily candlestick chart there was a bullish shaven head pattern on Friday, which bodes well for the uptrend. So what now? It would be good if we could

 

Technical Summary for Majors
Mon, 06 Feb 2012 14:52:19 GMT

EUR/USD Near-term price action shows the pair under pressure, after several unsuccessful attempts at 1.32 barrier. While daily Ichimoku cloud continues to cap the upside, focus remains at lower targets, as the pair tested near-term range floor at 1.3025 so far. Negative hourly studies see scope for test of 1.3000, figure support / Fib 38.2% of 1.2622/1.3232 upleg, ahead of next significant level at 1.2930, 25 Jan low / Fib 50%. Negative news from Greece, put additional pressure on Euro. Upside

 

Could Gold Prices Double In The Next Two Years?
Mon, 06 Feb 2012 15:34:19 GMT

We have written many times about the 16- to 18-year cycles that markets and resources follow. For example, Gold increased in price 24 times from $35 in 1970 to $850 in 1980. Oil prices increased 13 times from $2.92 a barrel in 1965 to $38.34 in 1981. Commodity prices then dropped for almost two decades: Gold prices fell 18 years until prices bottomed at $253 in 1999, oil prices followed with a 17- year decline to reach a low of $10.35 in 1998. Seventeen or eighteen years is a long time! It is

 

Currency Majors Technical Perspective
Mon, 06 Feb 2012 14:30:24 GMT

EUR/USD Current price: 1.3043 View Live Chart for the EUR/USD EURUSD remains trading above the strong short term support around 1.3020. While there is no news in Greece, we should expect the pair above that level trading in the 1.3020 - 1.3170 range. In case there's an agreement to pay the second aid tranche to Greece, we should see the pair returning back to 1.3200; otherwise, if negotiations fail then we could have a strong sell off, pushing the pair below 1.2960.    Support

 

Currency Majors Technical Analysis
Mon, 06 Feb 2012 12:27:18 GMT

GBP/USD - British Pound / US Dollar Entry : 1.5765 Stop : 1.5805 Resistances : 1.586 - 1.583 - 1.578 Supports : 1.5525 - 1.566 - 1.5735 EUR/JPY - Euro / Yen Entry : 100.1 Stop : 100.35 Resistances : 101.4 - 100.7 - 100.3 Supports : 99.15 - 99.35 - 99.85 EUR/AUD - Euro / Australian dollar Entry : 1.2185 Stop : 1.222 Resistances : 1.231 - 1.224 - 1.222 Supports : 1.2 - 1.2145 - 1.218 EUR/CAD - Euro / Canadian Dollar Entry : 1.3015 Stop : 1.304 Resistances : 1.3115 - 1.3065 - 1.303 Supports :

 

Forex Technical Analysis on Majors
Mon, 06 Feb 2012 12:22:49 GMT

EUR/USD    Current level - 1.3041 Several test below 1.3230 resistance area have failed and current intraday outlook is bearish for a deeper corrective pullback towards 1.2930-1.2880 before renewal of the general uptrend towards 1.34+. Current slide from 1.3205 is now testing 1.3030 support area and a violation of that level will set the focus at 1.2930. Major resistance on the upside can be spotted at 1.3110, followed by 1.3230.

 

GBP/USD: Corrective activity from 1.5883
Mon, 06 Feb 2012 12:27:29 GMT

EUR/USD Euro activates reversal and targets psychological 1.30 level. EUR/USD has activated a reversal beneath key resistance at 1.3250 (38.2% Fib-Jan/Oct decline). Further compounded bearish pressure remains from the recent candle pattern and intraday DeMark™ signals. Only a successful challenge of 1.3250 will unlock an extended recovery into our next target zone at 1.3440/60 and 1.3548 (02nd Dec high). Meanwhile, the bears need to push back beneath 1.3000 (psychological support), then 1.2879

 

Daily Commodity Overview
Mon, 06 Feb 2012 11:31:15 GMT

Precious Metals Precious metals rallied on Thursday amid positive data from the US. Gold added 0.92%, hitting more than two-month high of USD 1759.55 per ounce. The yellow metal drew support from the fall in the US jobless claims and Fed’s decision to keep low interest rates. Silver, the top gainer, was mostly tracking the gold’s jump. At the same time, platinum is likely to gather momentum on the ongoing labor strikes in Impala. Palladium soared by 1.43% over the day as the metal was lifted

 

Global Stock Market Review
Mon, 06 Feb 2012 11:16:47 GMT

S&P 500 Index S&P 500 index modestly climbed on Thursday as the number for jobless claims fell to record low since June 2008. US benchmark index gained 0.11% or 1.45 points and finished at 1,325.54 . Retailer Gap advanced 10.7% after reporting a 6% increase in revenue at its Banana Republic stores. Abercrombie & Fitch Co. plunged 13.8% after the company said higher cotton costs will lower its adjusted 4th quarter profit and revenue will be less than Wall Street had expected. Alpha

 

EURGBP - Further Weakness would be Bullish!
Mon, 06 Feb 2012 11:08:46 GMT

 

AUDUSD and Dow Clear Resistance Post NFPs, EURUSD Anchored
Mon, 06 Feb 2012 09:40:08 GMT

 

Daily Majors and Commodities Technical Analysis
Mon, 06 Feb 2012 09:01:56 GMT

EUR USD TREND: Downward

 

Strategy for today: long USD/CHF
Mon, 06 Feb 2012 08:37:34 GMT

The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops. Every morning FTA reviews the market and the specific strategy, recalculates the risk/reward and then determines the strategy regardless of previous strategy in the

 

Weekly Technical Crosses Analysis: EUR/CHF, EUR/GBP, AUD/USD, USD/CAD, NZD/USD
Mon, 06 Feb 2012 08:49:32 GMT

EUR/CHF Forecast Technical Analysis The EUR/CHF pair had a bullish week after falling much of the last month and a half. The 1.20 level was close at one point and this more than likely got a lot of the weaker shorts out of the market. The “risk on” attitude of the markets started this rally after the US Non-Farm Payroll number certainly didn’t hurt either. It should be noted that the weekly candle is a hammer, (albeit a small one) and this could signal a rise in the rate. The breaking of the

 

Daily Strategic Report
Mon, 06 Feb 2012 08:32:04 GMT

OVERVIEW Once again all eyes are concentrated on Greece where the debt negotiations remain fraught and on a knife‐edge. For us the situation remains ‘the calm before the storm’. In many ways the market is trading as if a deal to restructure debt is inevitable. They simply do not want to consider the consequences of a disorderly default. However our reading of the situation is different. We reckon the Germans (and others) are placing such harsh conditions on any further Greek bailout funds that

 

The EUR weakened 0.3 percent to 100.46 against JPY
Mon, 06 Feb 2012 08:40:12 GMT

Good morning from icy Hamburg and welcome to our first Daily FX Report in this week. The EUR weakened against almost all of its most traded currency peers, before leading Greek politicians comment on the international demands for economic measures today. However, we hope you had a relaxing weekend and wish you a great start in the new trading week. Market Review – Fundamental Perspective After the European Commissioners have recorded only sluggish progress in implementing the assumed reforms

 

Weekly Technical Majors Analysis: EUR/USD, USD/JPY, GBP/USD, USD/CHF
Mon, 06 Feb 2012 08:29:08 GMT

EUR/USD Forecast Technical Analysis EUR/USD had a negative week over the last five sessions, and the pair seems to be stuck in between two big areas. The resistance can be defined as the 1.32 level, and the support can be defined as the 1.30 to 1.29 area. The resulting candle was a hammer though, and the market does look like it wants to rise. Looking at this candle, we have a simple and binary type of trade setup. The breaking of the top of the hammer, and by extension the 1.32 level would be

 

Technical Summary for Majors
Mon, 06 Feb 2012 08:02:13 GMT

EUR/USD Continues to move within 1.3025/1.3200 range, after repeated failure to reclaim previous peak at 1.3232. Near-term tone is showing the downside pressure, as the pair opened with gap lower and continues to move lower. Break below initial support and higher base at 1.3085/65, now looks for test of next levels at 1.3025/00, 01 Feb low / Fib 38.2% of 1.2622/1.3232 ascend, below which would question short-term bulls and open way for further retracement towards next significant support at

 

Currency Majors Technical Analysis
Mon, 06 Feb 2012 07:39:59 GMT

EUR/JPY - Euro / Yen Entry : 100.2 Stop : 100.45 Resistances : 101.45 - 100.75 - 100.45 Supports : 99.35 - 99.75 - 100 EUR/AUD - Euro / Australian dollar Entry : 1.219 Stop : 1.223 Resistances : 1.2315 - 1.2265 - 1.222 Supports : 1.2 - 1.2145 - 1.218 EUR/USD - Euro / US Dollar Resistances : 1.322 - 1.315 - 1.31 Supports : 1.288 - 1.2975 - 1.3035 USD/JPY - US Dollar / Yen Resistances : 77.6 - 77.25 - 76.75 Supports : 75.7 - 76.05 - 76.5 GBP/USD - British Pound / US Dollar Resistances : 1.594 -

 

Currency Majors Technical Perspective
Mon, 06 Feb 2012 06:08:20 GMT

EUR/USD Current price: 1.3085 View Live Chart for the EUR/USD Attacks towards the 1.3200 area remain well counter-attacked by good selling camped at the round number up to 1.3230, while on the downside the Euro appears to have built up a base around 1.3060/80. Consecutive topside failures suggest selling bounces for retests of last week's low should be considered upon price action confirmation. Lower prospects of QE3 coupled with more rate cuts by the ECB and Greek debt talk dragging on still

 

Gold fell despite the US losing ground on Friday
Mon, 06 Feb 2012 05:52:01 GMT

GOLD fell despite the US losing ground on Friday after the non-farm payrolls data release. After failing to hold above $1,750 we now turn neutral gold in the short time as we expect prices to consolidate to range trade this week. The failure of gold to break higher on Friday despite a number of factors favouring such a move has us approach trading in the metal with caution this week. The move from $1,630 critical support to $1,750 has given investors an opportuni-ty to reduce long positions

 

AUD/USD was happy to continue the tone of the Asia session
Mon, 06 Feb 2012 05:42:35 GMT

AUD/USD was happy to continue the tone of the Asia session ahead of the US Payroll numbers during European trade, as the price ranged between the 1.0675 lows and the 1.0715 tops. The better than expected numbers saw the risk sentiment rally take off with the commodity currencies being the flavour of the month. Jumping from below 1.0700 the price managed to reach into the mid 1.0790’s during the late US morning before profit taking and option protective offers took control. Warnings over Greek

 

Daily Forex and Dow Jones Recommended Levels
Mon, 06 Feb 2012 05:24:16 GMT

Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386 , 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 and 1.9430 (published on 23.10.2008) . Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181 (published оn 23.10.2008) . Dow

 

USDCHF – Nearer Term Bias Points Lower Despite Price Stall
Mon, 06 Feb 2012 05:23:36 GMT

USDCHF – Nearer Term Bias Points Lower Despite Price Stall. USDCHF: While USDCHF halted its declines to close slightly higher the past week, it continues to hold on to most of its weakness started from the 0.9591 level. This suggests its present attempt on the upside is corrective and should fade thus returning to its Jan 27’2012 low at 0.9114 with a violation of there shifting focus to the 0.9063/75 level, its Nov 30’2011 low.50 Fib Ret (0.8558-0.9591 rally). A clearance of here will extend

 

USDCHF broke above price channel
Mon, 06 Feb 2012 01:53:08 GMT

USDCHF broke above the upper line of the downward price channel on 4-hour chart last Friday, suggesting that a cycle bottom had been formed at 0.9114, and lengthier consolidation of the downtrend from 0.9594 is underway. Range trading between 0.9114 and 0.9249 would likely be seen in a couple of days. Key resistance is at 0.9350, as long as this level holds, we’d expect downtrend to resume, and one more fall towards 0.8900 is possible after consolidation, only break above 0.9350 could signal

 

Top 3 Currency Market Movers
Sun, 05 Feb 2012 22:22:59 GMT

AUDUSD  1.077 +0.57% The Australian dollar bounced on optimistic US employment data, helping to penetrate resistance at at 1.0750 against the US dollar.  However, as we head into afternoon trade, the major currency looks a bit weaker – only able to reach a session high of 1.0778.  As a result, we anticipate a short term correction back to at least the pivotal 1.0750 figure, before further consolidation can be expected.   USDCHF  0.9198 +0.37% Finding grounded support

 

GBPUSD Caught between 150&200 MA
Sun, 05 Feb 2012 15:02:17 GMT

 

Dollar Index Technical Update 5/2/2012
Sun, 05 Feb 2012 13:20:45 GMT

Dollar Index Analysis – Technical Update - The USDX has traded within a 78.61 – 79.56 range this week.  This comes in at 95 pips which is 57% of the average weekly range (AWR) over 26 weeks. - This week did provide the first higher close over the last 3 weeks.  This was far from convincing though and we see this as consolidation rather than a reversal signal. - The heavily weighted EUR/USD pair is likewise ranging and a sustained break above or below 1.3000 to 1.3200 is

 

What I See in FX Market
Sat, 04 Feb 2012 17:39:57 GMT

$EURUSD WHAT Forex Target Traders SEE: We are currently sitting @ 1.3146 after pulling back from the R6 resistance @ 1.3231. We are building a symmetrical wedge – this is bullish for the cross for now. There is still room to the upside but 1.3500 should cap any more upside. Looking to break the top and target the -0.270 Fib extension @ 1.3396. A failure to break the R6 is Bearish for the cross and we will look to the .618Fibo @ 1.2859. The average daily trading range for the cross currently is

 

USDCHF had formed a cycle top at 0.9594
Sat, 04 Feb 2012 04:36:34 GMT

USDCHF had formed a cycle top at 0.9594 on daily chart, and is now in downtrend. Further fall would likely be seen next week, and the target would be at the lower border of the price channel. Resistance is at 0.9350, only break above this level could signal completion of the downward movement from 0.9594. For long term analysis, USDCHF remains in uptrend from 0.7067. Further rise towards 1.0000 could be seen over next several months.

 

Currency Majors Technical Perspective
Fri, 03 Feb 2012 14:39:27 GMT

EUR/USD Current price: 1.3085 View Live Chart for the EUR/USD US employment data shook the markets with a much better than expected reading, 243K new jobs added and unemployment rate down to 8.3%. Despite a risk on spike in the EUR/USD towards 1.3200, the pair is now under strong selling pressure testing 1.3070 support area, as QE3 chances had fade. Hourly chart in the pair shows an increasing bearish tone with indicators below their midlines and price below 20 SMA: expect a clear break of

 

Technical Daily Analysis
Fri, 03 Feb 2012 14:14:11 GMT

$GBPUSD–and NFP? Currently @ 1.5830 and testing the R6 top. Non Farm Payroll is today so that could move it either way. A breakout north would target the -270 Fibo extension @ 1.5932. A break south targets the trendline @ 1.5786 (we could bounce here) and a breakout there might go to the 1.5744. We are bearish for now.

 

EURUSD - The Classic Formation set to SHAFT the Market!
Fri, 03 Feb 2012 12:46:52 GMT

 

EURUSD Bearish if not breaks 1.3196
Sun, 05 Feb 2012 14:43:19 GMT

 

Strategy for today: short USD/CHF
Fri, 03 Feb 2012 08:36:18 GMT

The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops. Every morning FTA reviews the market and the specific strategy, recalculates the risk/reward and then determines the strategy regardless of previous strategy in the

 

Daily Majors and Commodities Technical Analysis
Fri, 03 Feb 2012 08:48:10 GMT

EUR USD TREND: Ranging