FOREX EASY WAY TO TRADE: 2009

Monday, June 29, 2009

EUR daily outlook

The estimated test of key supports for the implementation of pre-planned long positions has not been confirmed and activity parity of both parties marked by OsMA trend indicator as the result of previous trading day keeps preserving uncertainty concerning the choice of planning priorities for today

EUR: Attempt longs at 1.4005; stop below 1.3800

Still consolidating under the increasingly important 1.4200 level but giving up very little room. Bullish momentum should increase slightly if we can hold above 1.3900 this week. Only a weekly close above 1.4200 will really get things going and another big round of short-covering

USD/CHF Current Price: 1.0887

Neutral to slightly Bullish Hourly Sentiment is Seen as Price works through and Accumulating Range of 1.0798 Daily Static Support to 1.0913 Daily Static Resistance

USD/JPY Current Price: 95.36

Neutral to Bearish Sentiment is seen with Price just entering a 20SMA/200SMA Bearish Hourly Cross, as the 20SMA is providing Dynamic Support with holding on the Daily Pivot @ 95.42.

GBP/USD Current Price: 1.6443

Neutral to Corrective Bullishness is Seen, as Hourly Sentiment with Price finds a slight Reversal of the 20SMA/200SMA Hourly Bullish Cross with the 20SMA providing Dynamic Resistance Confluence at the 1.6482 Daily Pivot

EUR/USD Current Price: 1.3992

Neutral to Bearish Sentiment is Seen as Price finds a Bounce from the 1.4000 Handle Static Support caught at the Daily Pivot/20SMA Dynamic Resistance Area

Today's Trading Signals

The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days

Currency Majors Technical Analysis

1,4029. EUR USD is in a consolidation after the last bullish movement. EUR USD is in a range between 1,3890 and 1,4110. The volatility is low. Bollinger bands are flat

EUR/USD: (1.4033) Above Triangle pattern, but at apex

Daily Long Term Moving Average↑ (1.3934 today) managed to act as Support in recent downmove, with pair above Triangle pattern, but at apex

Daily Forex and Dow Jones outlook

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 и 1.9430(published on 23.10.2008)

Sunday, June 28, 2009

Crude Oil Weekly Technical Outlook

Crude oil's fall from 73.23 extended to as low as 66.25 last week but rebounded strongly. Nevertheless, such rebound was limited at 71.29, below 72.55 resistance and crude oil weakened towards the end of the week

Thursday, June 25, 2009

Forecast on US Dollar Minors

breached the prior day's trading range and closed @ 10980 which was well above the open. FED Chairman Bernanke Testifies

EURCHF update

The euro rallied on yesterday as a result of the SNB intervention - selling francs. The pair is expected to trade violently for a while

AUDUSD update

Resistance into the .8050 region formed by the upper band of a downward trend channel could not be breached on yesterday and the Aussie dollar is losing strength

EURUSD update

The euro dropped on yesterday, not being able to hold gains above the 1.4000 mark. The fast decline was mainly caused by the SNB intervention against the CHF

Forecast on US Dollar Majors

has been very difficult to predict in the recent days as the price signals are very noisy and closed @ 13930 which was below than the open

USD/JPY Daily Outlook

Although dlr has moved higher after intra-day brief retreat n abv o/head res at 96.36 wud extend the upmove fm this week's low at 94.88 to 96.50/60, near term loss of momentum shud cap upside below 96.90 n yield pullback later

Forex News and Events

While the FOMC failed to excite the market, it was SNB's currency intervention which provided the day's fireworks

Technical News

The GBP/USD pair has been very volatile lately. Nonetheless, the current upward trend may be under threat, as the chart's hourly MACD indicates that the pair is overbought

Crude Oil Inventories Data to Drive Oil Trading Today

Crude Oil prices rose nearly 4% on Tuesday to $68.59, as the U.S Dollar weakened and disruptions from OPEC member Nigeria stoked supply concerns

Yen Falls against the USD on Economic Concerns

The Japanese currency fell sharply on Tuesday, falling against most of its major currency pairs, tumbling from creeping doubts about the sustainability of any economic recovery

EUR Rises to a 2 Week High vs. the USD

The EUR rose 1.6% against the Dollar to $1.4075 in late afternoon trading yesterday, after hitting a session peak of $1.4109. It was the biggest one-day percentage gain since May 8

USD Under Pressure Ahead of Interest Rate Announcement

The U.S. Dollar went bearish against most major currencies on Tuesday, as uncertainty ahead of today's Federal Funds Rate announcement put the USD under strong selling pressure

NZD/USD Commentary and Trade Ideas

This pair has retreated very little from the highs made earlier this month. The commodity/inflation story has been told so many times it is becoming a fable

AUD/USD Commentary and Trade Ideas

International political turmoil combined with lower commodities and equities has caused the AUD to take a dive this morning

USD/CAD Commentary and Trade Ideas

All the potential inputs to the the Loonie seem to have turned negative at once

Read more..........

USD/CHF Commentary and Trade Ideas

The SNB will keep rates unchanged and intervene if necessary to keep the franc from appreciating

USD/JPY Commentary and Trade Ideas

The yen has gained a bit on the dollar this morning selling off a little under 95.75. Turbulent political conditions in N. Korea and Iran, combined with weaker equities has caused some yen demand

GBP/USD Commentary and Trade Ideas

This pair has been hard on the sellers since it started it's upward climb back in March, but maybe it will be different this time

EUR/USD Commentary and Trade Ideas

Great news for FOREX traders. In a recent survey of experts, the forecast for the year end price of the EURUSD could be 1.16 or 1.55 depending on your choice of the experts

Markets overnight

The US Federal Reserve decided, as expected, to maintain the fed funds rate at the current target range of 0.00-0.25% and leave the size, timing and scope of its security purchase programmes unchanged

Asia Session

After a strong run overnight in NY, the Dollar lost its grip in Asia, giving back ground to all but the Yen which faced perils of its own as stocks posted a second day of gains and traders looked to get back into riskier assets

S&P 500 UltraShort ETF (SDS) at Channel Bottom

Since yest. 's high, the UltraShort S&P 500 ProShares (NYSE: SDS) has declined from near the top of its June price channel (59.50-60.00), to the bottom of the channel in the vicinity of 56.40. The low today so far is 56.50

FOMC helps US Dollar Recover

U.S. Dollar Trading (USD) continued to trade in a wide range with the market selling USD ahead of the FOMC only to buy them back after a less dovish than expected statement

Dollar rebounds against European currencies as Fed removes low inflation warning

The greenback rose against European currencies on Wednesday as the Fed left interest rates unchanged as expected but removed the warning that inflation could be undesirably low

UPDATE: Netherlands 1Q GDP -4.5% On Yr,Largest Fall In 60 Yrs

The Netherlands' first-quarter gross domestic product posted the largest contraction in more than 60 years, the Dutch Central Bureau for Statistics, or CBS, said Thursday

AUD/USD: Aussie recovery reaches 0.8000/15 resistance level

Australian Dollar was rejected at 0.8050 resistance and dropped to 0.7930 low afterwards to bounce, after Fed's statement reaching resistance area at 0.8000/15 at the time of writing

Asian markets have risen on Thursday for second consecutive day

Asian markets have risen on Thursday for second consecutive day, after the Federal Reserve affirmed that the pace of U.S. economic decline is easing. Euro and Pound attempt recovery after yesterday's declines

COAL DATA: Vietnam Expects June Coal Exports Up 68% On Year

HANOI -Vietnam expects coal exports to rise 68% on year in June to 2.1 million metric tons, according to figures issued Thursday by the General Statistics Office

Asian Shares Rise Post-Fed; Techs, Financials Lift

Asian share markets shrugged off a mixed lead from Wall Street to post some solid gains Thursday, with technology shares supporting in Tokyo and Seoul

Asian Shares Rise As Tech Stocks Underpin; Nikkei +1.0%

"There seems to be no powerful catalyst to shoot up the stock market for the time being, at least this month," said You Seung-min at Samsung Securities in Seoul

US Dollar remains strong ahead of Asia

Dollar remains strong after FOMC held rates near zero, and highlighted fresh signs of economic stability and the potential for an economic rebound, and with no suggestions of expanding their quantitative easing policy

Argentina Stocks, Bonds Up On Early Wall St Gain; Peso Up

Argentine stocks and bonds closed higher Wednesday, getting a boost from the early gains on Wall Street and a relatively stable peso that inspired confidence

Mexico's Stocks Close Higher On US Data; IPC Up 0.9%

The local stock market's IPC index of 35 most-traded issues rose 0.9%, or 214.85 points, to close at 23,711.24. Volume was heavy at 290.8 million shares traded at a total of 6.2 billion pesos ($466 million)

US May Building Permits Unrevised, Remain Up 4%

U.S. building permits for May were not revised, remaining up 4.0% from April, to a seasonally adjusted rate of 518,000, the Commerce Department reported Wednesday

Wednesday, June 24, 2009

UPDATE: IMF: Ireland Must Take More Steps To Control Spending

Following years as a star performer, Ireland is undergoing a painful adjustment as critical internal imbalances unwind," the IMF said in its annual Article IV assessment of the Irish economy

USD/CHF tests intra-day high at 1.1020

The Swiss Franc is having the worst day since March against the Dollar. USD/CHF is now below 1.1000 after testing intra-day highs at 1.1020 for the second time in the sesionl after the released of the FOMC decision

Read more.........

3rd UPDATE: BOE King: Powers, Responsibilities Must Be Aligned

he also reiterated his concern that, at present, the bank has no real powers to fulfill its new statutory responsibility for financial stability

Read more...........

Silver Daily Technical Outlook

Silver's sidewya trading from 13.595 is still in progress and with 4 hours MACD crossed above signal line, intraday outlook is turned neutral for the moment

Read more........

EURUSD

EURUSD ex-resistance line at 1.3997 was broken and positive trend has started, for now to break this trend, bears needs to push prices at least to the 1.3990 price level

Read more........

Today's Trading Signals

The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days

Read more.........

NZD/USD Commentary and Trade Ideas

This pair has retreated very little from the highs made earlier this month. The commodity/inflation story has been told so many times it is becoming a fable

Read more.......

AUD/USD Commentary and Trade Ideas

International political turmoil combined with lower commodities and equities has caused the AUD to take a dive this morning

Read more.........

USD/CAD Commentary and Trade Ideas

All the potential inputs to the the Loonie seem to have turned negative at once. After the experts began touting the bull side of the crude market

Read more.........

USD/CHF Commentary and Trade Ideas

The SNB will keep rates unchanged and intervene if necessary to keep the franc from appreciating. If the intervention threat is real why not try the buy side of the dollar on weakness, down into the 1.0750/1.08 area

Read more........

USD/JPY Commentary and Trade Ideas

The yen has gained a bit on the dollar this morning selling off a little under 95.75. Turbulent political conditions in N. Korea and Iran, combined with weaker equities has caused some yen demand

Read more........

GBP/USD Commentary and Trade Ideas

This pair has been hard on the sellers since it started it's upward climb back in March, but maybe it will be different this time

Read more......

EUR/USD Commentary and Trade Ideas

Great news for FOREX traders. In a recent survey of experts, the forecast for the year end price of the EURUSD could be 1.16 or 1.55 depending on your choice of the experts

Read more.....

Markets overnight

US equity markets followed the European markets lower and the S&P500 closed down by 3.1% – taking the index back into negative territory for the year

Read more.........

Forex News and Events

In light trading, risk appetite has stabilized with USD weakening, while equities and commodities temporarily halted their downside slide

Read more......

Technical News

The pair reached as high as the 1.4100 level today, before dropping down to the 1.4080 level. This recent bullishness may continue according to the weekly chart's MACD and RSI

Read more.......

Crude Oil Inventories Data to Drive Oil Trading Today

Crude Oil prices rose nearly 4% on Tuesday to $68.59, as the U.S Dollar weakened and disruptions from OPEC member Nigeria stoked supply concerns

Read more.....

Yen Falls against the USD on Economic Concerns

The Japanese currency fell sharply on Tuesday, falling against most of its major currency pairs, tumbling from creeping doubts about the sustainability of any economic recovery

Read more........

EUR Rises to a 2 Week High vs. the USD

The EUR rose 1.6% against the Dollar to $1.4075 in late afternoon trading yesterday, after hitting a session peak of $1.4109. It was the biggest one-day percentage gain since May 8

Read more.......

USD Under Pressure Ahead of Interest Rate Announcement

The U.S. Dollar went bearish against most major currencies on Tuesday, as uncertainty ahead of today's Federal Funds Rate announcement put the USD under strong selling pressure

Read more.........

TLTs Continue to Climb

The iShares Barclays 20+ Year Treasury Bond ETF (NYSE: TLT) continue to act well, suggesting equity traders might be getting increasingly afraid of something... and need to buy some safety

Read more.......

US: Existing home sales show second consecutive rise

In May, US existing home sales rose by 2.4% M/M to a total number of 4.77 million (annualized), while a number of 4.82 million was expected

Read more.......

ECB 1-year refinancing operation in the focus

Today, the euro zone calendar is empty, but in the US, the durable good orders (May) and new home sales (May) are scheduled for release

Read more.........

Markets: Fixed Income

On Tuesday, global bonds traded sideways to slightly higher, as the eco data couldn’t convince investors that a real economic recovery was nearby. US Treasuries got some additional support from a very strong 2-year Note auction

Read more.......

Emerging market options see more action

EEM – iShares MSCI Emerging Markets Index – The emerging markets ETF dominated the upper slots of our ‘most active by options volume’ market scanner today with heavy trading activity across multiple contracts

Read more.......

Existing Home Sales – Inventories are Declining

On a regional basis, sales of single-family existing homes rose in the Northeast (+5.2%) and Midwest (+8.6%) but fell in the South (-0.6%) and West (-1.9

Read more......

Peru Stock Indexes Recover Slightly; Sol Strengthens

LIMA -Peru's main stock indexes registered slight gains in every sector on Tuesday, a day after plummeting along with Wall Street

Read more.........

GBP/USD: The Pound rises further, approaches 1.6505/15 resistance

Initial resistance lies at the mentioned 0.6505/15, and above here, 1.6560/65 (Jun 19 high) and 1.6620 (Jun 11 high). On the downside, support levels are located at 1.6435, and below here 1.6415 intra-day low and then 1.6340/60

Read more.........

GLOBAL MARKETS: European Stocks To Edge Higher; FOMC Key

Many traders are in a cautious mood as they await news from tonight's FOMC rate setting meeting," said Matt Buckland, a dealer at CMC Markets, "whilst the fundamentals in general remain relatively thin on the ground

Read more.........

EUR/USD: Euro consolidates above 1.4060 after Tuesday's rally

The Euro has been moving sideways, in a range from 1.4060 to 1.4110, consolidating after having rallied about 270 pips yesterday, from intra-day low at 1.3825 to 1.4110

Read more......

Asian markets, mixed ahead fo the Fed meeting; Euro and Pound consolidate

Asian markets have been mixed on Wednesday with investors acting with caution, searching for hints of U.S. economic health ahead of the Fed's meeting

Read more.........

Euro rose sharply

EUR/USD, Nikkei opening send the pair quickly up in this first hour of trading despite hourly indicators remain signaling overbought conditions in the pair

Read more.......

Yen remains bearish

USD/JPY, pair bearish trend remains intact in bigger time frames thus with some timid signs of exhaustion in 4 hours charts

Read more.........

GBP/USD current price: 1.6460

GBP/USD current price: 1.6460. Pair is forming a consolidation/continuation figure in the hourly with upside bias clear at this time

Read more.......

Asian Shares Mixed, Fail To Rebound Much; Fed Awaited

Expect a consolidation before the next leg up," said DBS regional equity strategist Joanne Goh. "We believe the market has priced in a lot of good news

Read more........

OIL DATA: Japan May Crude Imports Fall 18.8% On Yr To 15M KL

TOKYO -Japan's imports of crude oil and condensate in May fell 18.8% on year to 15 million kiloliters, the Ministry of Finance said Wednesday

Read more.......

US Dollar gains erased pre FOMC

Greenback sold off against all its major rivals Tuesday, on a bounce back oil prices and some also adjusting positions ahead of the FOMC decision Wednesday

Read more......

TOKYO --Here are the major economic events scheduled in Japan Wednesday. All times refer to GMT

Read more.......

Colombia Peso Ends Weaker After World Bank's Gloomy Outlook

The Colombian peso closed weaker against the dollar on Tuesday after the World Bank released a gloomy economic outlook on Monday

Read more...........

U.S. markets ended mix; Dollar plunged across the board

The day before the announcement of the FOMC meeting, markets finished with mix results. The Dow Jones fell 0.20% and the S&P rose 0.20%

Read more..........

Tuesday, June 23, 2009

ABC: US Consumer Confidence Down 4 Points Latest Week

NEW YORK (Dow Jones)--U.S. overall consumer confidence fell last week, according to an ABC News poll released Tuesday

Read more.......

Forecast on US Dollar Minors

as suggested was within prior day's trading range and closed @ 10865 which was above the open. The Hourly Oscillators are bullish but weak and price is above the MA, so cautious approach is needed till the breakout

Read more.........

Forecast on US Dollar Majors

as expected moved lower and closed @ 13870 which was below the open and within tight trading range. A slew of data is out today from Euro Zone

Read more......

London Session

Following a round of stock market losses in Asia overnight, European stocks turned higher signalling an easing of risk aversion trades that have dominated trading so far this week

Read more........

Forex News and Events

With any market move, pundits (such as myself) are forced to assign a rationale. This has been the case with the recent sell off in commodity prices and spillover effect into FX

Read more........

Technical News

This pair appears to be consolidating towards the price of 1.3875 with what appears to be an impending volatile movement

Read more.............

Crude Oil Drops below $67 a Barrel

The price of Crude Oil dropped more than $2 a barrel yesterday after the World Bank estimated the world economy will contract 2.9% in 2009

Read more.........

Political Turmoil Benefits JPY

The Japanese Yen gained against most major currencies Monday as risk aversion returned amid political unrest in Iran and a gloomy report from the World Bank regarding expected global recovery

Read more.........

EUR Loses against Most Currency Pairs

The EUR lost against its major currency pairs Monday as investors returned to risk aversion after a disappointing report from the World Bank

Read more.......

USD Gains on Return to Risk Aversion

The U.S. Dollar gained against its riskier counterparts Monday after the World Bank issued a poor forecast for 2009

Read more........

Asia Session

The Yen made gains against all of its counter currencies today in Asia as investors looked to the safety of the Japanese currency in light of concerns that the current global recession might still be far from over

Read more..........

Markets overnight

US equity markets followed the European markets lower and the S&P500 closed down by 3.1% – taking the index back into negative territory for the year

Read more........

NZD/USD Commentary and Trade Ideas

This pair has retreated very little from the highs made earlier this month. The commodity/inflation story has been told so many times it is becoming a fable

Read more.......

AUD/USD Commentary and Trade Ideas

International political turmoil combined with lower commodities and equities has caused the AUD to take a dive this morning

Read more.......

USD/CAD Commentary and Trade Ideas

All the potential inputs to the the Loonie seem to have turned negative at once. After the experts began touting the bull side of the crude market, that market turned south and is now trading under $67, gold like most commodities is lower, and equities are selling off

Read more.......

USD/CHF Commentary and Trade Ideas

USD/JPY Commentary and Trade Ideas

GBP/USD Commentary and Trade Ideas

This pair has been hard on the sellers since it started it's upward climb back in March, but maybe it will be different this time

Read more.......

EUR/USD Commentary and Trade Ideas

Great news for FOREX traders. In a recent survey of experts, the forecast for the year end price of the EURUSD could be 1.16 or 1.55 depending on your choice of the experts

Read more.......

Upside Reversal Imminet for Gold

Based on a textbook head-and-shoulders top pattern, the downside measured target in the SPDR Gold Shares (NYSE: GLD) is 89.50, which also happens to coincide with a test of the Jan-June up trendline, now at 89.20.

Read more........

Daily Market Outlook

The British pound weakened across the board due to cross selling in sterling and fell to 1.6320 in late New York session

Read more.....

EURUSD update

EURUSD support and resistance lines remains in the same place, but support line is in danger and soon can be broken

Read mora..........

EUR: Attempt small longs at 1.3845

A waste of time as prices creep across the page around the moving averages. Expect more of the same today

Read more.......

Today's Trading Signals

The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days

Read more..........

JPY daily outlook

The pre-planned short positions from key range resistance levels have been implemented with the achievement of main estimated targets

Read more.......

GBP daily outlook

The pre-planned long positions from key resistance range levels have been implemented with the achievement of minimal anticipated target

Read more......

CHF daily outlook

The pre-planned short-positions from key resistance range levels have been implemented with the achievement of minimal estimated target

Read more.......

EUR daily outlook

The pre-planned break-out variant for sales has been implemented but with loss in the attainment of minimal estimated target

Read more.......

USD/CHF Current Price: 1.0853

Neutral to Bullish Sentiment is held from the Hourly 20SMA Dynamic Support in an Area of Accumulation between the Daily Pivot @ 1.0849, and Daily Static Resistance at 1.0889

Read more...........

USD/JPY Current Price: 95.03

Bearish Sentiment is seen with Price clipping the 95.38 Daily Static Support and 95.18 Dynamic Level with Oversold RSI Readings and Slope @ “24”

Read more.......

GBP/USD Current Price: 1.6279

Bearish Sentiment is Seen as Price follows an Hourly Downtrend Channel anchored by Hourly 20SMA Dynamic Resistance and 1.6272 Static Support

Read more......

EUR/USD Current Price: 1.3854

Bearish Hourly Sentiment is seen as Price finds Depreciation from the 1.3881 Daily Pivot, with the 20SMA providing Dynamic Resistance between the 1.3832 Daily Static Support and Daily Pivot Range

Read more......

EUR/USD: (1.3863) Tested Neckline Head And Shoulders bottom (1.3793)

Support area at 1.3826/ .3822 (current week low/ reaction low hourly), with next levels at 1.3806/ .3793 (reaction low hourly/ daily envelope bottom), where pause favored

Read more...........

USD/CHF Current Price: 1.0869

Slightly bullish, pair is slowly regaining the upside thus 1.0900 continues to by first key resistance level for the next hours

Read more......

USD/JPY Current Price : 95.47

Japanese yen break ascendant daily trend line, and opened current candle under it, already accomplishing a pullback.

Read more......

GBP/USD Current price: 1.6328

Selling pressure continues and pair approaches to key daily ascendant trend line at 1.6280 that should hold the downside at least at a first approach

Read more.....

Monday, June 22, 2009

EUR/USD Current price: 1.3853

Bearish tone continues to keep the pair under pressure still inside daily range. 20 SMA in the hourly with a nice slope guides the pair

Read more.......

Chart of the Day – GBP/USD

GBP/USD – Price action on GBP/USD, a daily chart of which is shown, is currently entrenched in both a well-defined uptrend as well as a mature triangle formation

Read more.......

Currency Majors Technical Analysis

1,3834. EUR USD is in a range between 1,3800 and 1,4000. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high

Read more.......

Forecast on JPY Crosses

breached the prior day's high marginally and gave up all the gains towards the end and closed @ 13425 which was Unchanged

Read more.......

Forecast on US Dollar Minors

was within prior day's trading range and closed @ 10815 which was below the open. The Hourly Oscillators are turning bullish but weak, so the bulls must be cautious

Read more.......

Forecast on US Dollar Majors

as expected had a quiet session and closed @ 13945 which was above the open and within prior day's trading range. ECB President Speaks today

Read more........

EURCHF update

The 1.5000 mark is well protected and the euro rallied after reaching initial lows at 1.5005 last week. However, gains have been limited by the interim resistance at 1.5150 and the 1.5050 zone is under pressure now as the pair failed to hold gains above the 1.5100 mark

Read more........

AUDUSD update

Minor support is formed at .8000 and it is followed by .7950 - 61.8% of .7850-.8115 and .7880/90 - a rising trend line

Read more.......

EURUSD update

Downside is under pressure today as Friday's attempt on breaching above the 1.4000 mark has been rejected at 1.4010

Read more......

EUR/USD Daily Outlook

Despite intra-day bounce fm 1.3885, as renewed selling around 1.3920/25 has pressured euro, risk is seen for a re-test of said sup n below there wud extend near term decline fm last Friday's high at 1.4013 to 1.3850/60

Read more..........

Forex Market Outlook on Majors

1.3913 Although Friday's selloff fm 1.4013 has continued to pressure euro in Asian morning, as long as indi- cated 1.3883 sup (Friday's low) holds, further con- solidation is seen with mild upside bias for reco- very to 1.3935 but reckon 1.3955/60 wud cap upside

Read more......

USD/JPY Daily Outlook

Although dlr's intra-day weakness after retreat- ing sharply fm Friday's high at 97.20 confirms last week's correction fm 95.51 has ended there, nr term o/sold condition is likely to bring a recovery b4 prospect of another fall later today

Read more......

London Session

EUR/USD is little changed from the London open though the USD has retained a slight bid tone

Read more......

London Session

EUR/USD is little changed from the London open though the USD has retained a slight bid tone

Read more......

The Risk Today

EurUsd Slight bearish channel. Risk of a further correction to 1.3720 seems likely now. Move above 1.4170 will help reinstate bullish theme. Current bearish pennant will have traders watched for breakout opportunities

Read more......

Forex News and Events

Uncertainty seems to be the core theme in FX markets, with the USD stuck in limbo. With a busy week ahead, markets are taking a wait and see approach to pricing

Read more.......

Technical News

The daily chart is showing mixed signals with its RSI fluctuating in the neutral territory. However, the hourly chart's RSI is already floating in the over-sold territory, suggesting an upward correction may be imminent

Read more.....

Technical News

Crude Oil to Hit $75 a Barrel

Crude Oil managed to hold above $70 a barrel for most of last week. This was owed to a variety of factors, such as China and Japan's economies improving faster than originally forecast

Read more......

JPY - Yen to Dominate Forex Trading This Week

As Japan's economy is expected to rise out of the recession faster than many analysts anticipated, we have seen some renewed strength last week for the JPY, especially vs. the USD

Read more.....

EUR Weighed Down By Euro-Zone Banking Woes

Despite the EUR/USD rate reaching as high as 1.3982 last week, it now stands at 1.3910. This comes about as the U.S. economy is currently healthier than Europe

Read more......

EUR Weighed Down By Euro-Zone Banking Woes

Despite the EUR/USD rate reaching as high as 1.3982 last week, it now stands at 1.3910. This comes about as the U.S. economy is currently healthier than Europe

Read more......

USD - Dollar to Go Bullish on Weak Equity Market

The encouraging homes sales and manufacturing figures from the U.S. last Thursday helped boost confidence in the USD against the EUR. However, the bearish equity markets drove the USD lower last Friday

Read more....

JPY, GBP and USD gain versus AUD, SEK and NZD overnight

US stocks ended slightly higher as financials bounced in what traders said were short-covering rallies. On the week though, financial shares were marked by investors’ concern surrounding the White House’s plans to overhaul financial regulation. Also technology shares fared well on Friday

Read more....

Japanese Yen Still Correlated to Risk Trends – Bearish Potential Remains for the JPY Crosses

The Japanese yen fell against most of the majors, but that was due primarily to gains in FX carry trades during the European trading session

Read more......

Canadian Dollar the Weakest of the Day as Retail Sales Disappoint, New Zealand to See GDP Data Next Week

The Canadian dollar ended Friday as the weakest of the majors after Statistics Canada said that retail sales tumbled 0.8 percent during April after rising throughout Q1. The drop was disappointing in light of expectations for a 0.1 percent increase

Read more......

Euro, British Pound Consolidations Tighten – Levels to Watch for the Week Ahead

The euro and British pound didn’t see any major economic releases on Friday, and this will remain the case through much of next week. As a result, it makes it all the more important to keep technical considerations in mind, as well as US dollar trends

Read more.......

Japanese Yen Still Correlated to Risk Trends – Bearish Potential Remains for the JPY Crosses

The US dollar ended the day mostly lower, gaining only against the Canadian dollar, as the currency remains in consolidation mode versus most of the majors

Read more......

Asia Session

The trade week in Asia has started out amidst uncertainty, with traders concerned about the potential powder keg in Iran as well as the US FOMC meeting on Wednesday

Read more......

Larger Upleg Still Intact for Q's

When Goldman Sachs (GS) puts Microsoft (MSFT) on its Conviction Buy List, not only is it positive for the name, but perhaps it is very positive for big-cap technology, too, perhaps the kind of technology names imbedded in the NDX

Read more......

EURUSD update

EURUSD, like it was stated before, did reverse and this action made channel broken. Selling action is good to take, there is a possibility to wait and get better price for selling rather than now

Read more.......

JPY daily outlook

The estimated test of key supports has been confirmed but relatively high bullish activity level marked by OsMA trend indicator did not incline to the implementation of pre-planned long positions

Read more......

GBP daily outlook

The pre-planned short positions from key resistance range levels have been implemented but with loss in several points in the achievement of minimal estimated targets

Read more.......

CHF daily outlook

The estimated test of key resistance range levels for the implementation of pre-planned short positions has not been exactly confirmed and preservation of technical outlook of forces allocation according to OsMA trend indicator does not give any changes in planning of trading operations for today

Read more.....

EUR daily outlook

The pre-planned short positions from key range resistance levels have been implemented with the achievement of minimal estimated target

Read more.......

USD/CHF Current Price: 1.0868

Bullish Sentiment is Seen as Price pulls off of the Daily Static Support Hourly Double-Bottom Formation from 1.0774. An Hourly Uptrend Channel is Seen, as Price is held by 1.0861 Dynamic Resistance, and a current Breach as of this Writing will see 1.0888 onto 1.0901

Read more....

USD/JPY Current Price: 96.07

Bearish Sentiment is seen with Price holding at Tight Range between 95.75 Daily Static Support and 96.19 Dynamic Resistance from the Hourly 20SMA

Read more......

GBP/USD Current Price: 1.6456

Neutral to slightly Bullish Sentiment is Seen as Price attempts to Break the Immediate-Term Accumulation building in an Hourly Symmetrical Triangle Formation

Read more.......

EUR/USD Current Price: 1.3868

Bearish Hourly Sentiment is currently seen as Price finds Slight Depreciation from the 1.3943 Daily Pivot, as a Failed 20SMA/200SMA Bullish Cross is seen with the 20SMA and 200SMA moving in Parallel

Read more........

Today's Trading Signals

The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days

Read more.....

EUR/USD: (1.3909) Tested Neckline Head And Shoulders bottom (1.3793)

Reversal Day at 1.4339 has sent the pair back towards 1.3739 (neckline Daily Double Bottom) and tested the neckline of a Head&Shoulders top (1.3793)

Read more....

Currency Majors Technical Analysis

1,3909. EUR USD is in a range between 1,3880 and 1,4000. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat

Read more.......

Daily Forex and Dow Jones

USD/CHF Current Price: 1.0827

Slightly bullish in the hourly, the downside seems limited in the pair, as despite the bearish tone, intervention in the swissy remains more than just a chance

Read more......

USD/JPY Current Price 96.16

Still under bearish pressure, pair is forming a small continuation figure in the hourly, with base around 96.05. Break under that point could send the pair lower with 95.20/50 zone as probable bearish target for the next hours

Read more........

GBP/USD Current price: 1.6478

Pair failed to stay above 1.6500 and fell in these first trading hours, still with a bullish perspective in bigger time frames

Read more.....

EUR/USD Current price: 1.3914

Pair turn slightly bearish with Nikkei opening, with and a first support around 1.3902 ascendant trend line, still inside range

Read more.......

Sunday, June 21, 2009

Crude Oil Weekly Technical Outlook

Crude oil engaged in choppy sideway trading last week but closed below 70 level eventually. While 66.79 support remains intact, daily MACD is now staying well below signal line and crude oil has also broken near term trend line support decisively

Read more.....

Chart of the Day – USD/JPY

USD/JPY – Price action on USD/JPY, a 4-hour chart of which is shown, has reached up to bounce down off of a significant support/resistance level in the 97.15 price region

Read more........

Thursday, June 18, 2009

Forecast on JPY Crosses

had wild swings and closed @ 13355 which was marginally above the open. The Hourly Oscillators are mixed, so cautious approach is needed

Read more.......

Forecast on US Dollar Minors

held precisely the level we suggested and closed @ 10800 which was below the open. The Hourly Oscillators are bearish, so the bulls must be sidelined

Read more.....

Forecast on US Dollar Majors

had wild swings but was within our levels and closed @ 13945 which was above the open. The Hourly Oscillators are bullish but weak, so the bulls have to be cautious

Read more......

EURCHF update

The euro continues to face strong selling demand on its weak attempts on climbing higher against the swiss franc. Downside bias remains valid as long as the pair trades below 1.5150/60.

Read more.....

AUDUSD update

Downside remains under pressure as the pair still trades below the .8000 mark, 100 points above important support formed at .7850.

Read more.......

EURUSD update

Intra-day support is now formed on the 1.3900/20 level as the euro managed to recover initial losses on yesterday

Read more.......

EUR/USD Daily Outlook

Despite the retreat fm y'day's 1.3986 high, as renewed buying at 1.3921 has lifted euro, retaining upside bias for a re-test of said res n break there wud extend the rise fm this week's low at 1.3748 to 1.4010/15 b4 prospect of a pullback

Read more......

Forex Market Outlook on Majors

1.3944 Despite the retreat fm y'day's 1.3986 high, as renewed buying at 1.3921 has lifted euro, retaining upside bias for a re-test of said res n break there wud extend the rise fm this week's low at 1.3748 to 1.4010/15 b4 prospect of a pullback

Read more......

Forex Thoughts For This Day

Dollar-Swiss broke past the Support at 1.0788 and is now looking bearish for a fall towards 1.0700 or even 1.1650. But if this break just turns out to be a spike

Read more....

Gold Daily Technical Outlook

Gold recovers mildly after dipping to 926.5. With 4 hours MACD staying above signal line, an intraday low should be in place and outlook is turned neutral for the moment

Read more......

USD/CHF Current Price: 1.0804

Neutral Hourly Consolidation is Leading to Bearish Sentiment, as Price is Support at the Static 1.0766 Level with a 20SMA/200SMA Bearish Cross in Full-Form

Read more.......

USD/JPY Current Price: 95.96

Neutral Sentiment is seen with Price generally locked in the 95.52 Daily Static Support and 96.00 Daily Pivot Resistance Hourly Range

Read more.....

GBP/USD Current Price: 1.6427

Slight Bullish Sentiment is Seen as Price attempts to Break the Immediate-Term Accumulation for 1.6467 Daily Static Resistance

Read more.....

EUR/USD Current price: 1.3974

Slightly Bullish Hourly Sentiment is currently seen as Price finds Appreciation and Dynamic Support from the 20SMA despite being in an Accumulation Range

Read more....

EURUSD update

EURUSD has hit and did break resistance line at 1.3934, for now candles are forming a little box from which later on strong trend will start happening

Read more....

JPY daily outlook

Earlier opened and saved short positions have had a positive result of achievement of basic anticipated targets

Read more......

GBP daily outlook

Te pre-planned long positions from key supports were implemented with overlap of minimal anticipated target

Raed more....

CHF daily outlook

The pre-planned short positions of key support range levels were implemented with overlap of minimal anticipated target

Read more........

EUR daily outlook

The estimated test of key resistance range levels has been confirmed with conditions for implementing of pre-planned short positions and fixation of profit for previously opened sales

Read more....

GBP : Attempt small longs at 1.6385

Little to add as we hover above the ‘neckline’ of a potential ‘head-and-shoulders’, though proponents of this view may be getting a little frustrated

Read more......

Today's Trading Signals

The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days

Read more......

Currency Majors Technical Analysis

1,3927. EUR USD is in a consolidation after the last bullish movement. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue

Read more.....

EUR/USD: (1.3936) Tested Neckline Head And Shoulders bottom (1.3793)

Reversal Day at 1.4339 has sent the pair back towards 1.3739 (neckline Daily Double Bottom) and tested the neckline of a Head&Shoulders top (1.3793 )

Read more.....

Daily Forex and Dow Jones outlook

Chart of the Day – USD/CAD

USD/CAD – Price action on USD/CAD, a daily chart of which is shown, has just hit and slightly retreated from a critical resistance juncture in the 1.1450 price region on substantial bullishness

Read more....

NZD/USD Commentary and Trade Ideas

This pair has calmed down and seems to be going sideways. Perhaps the .6300 level is the right price. The NZD had been bought by those that think a deflated value of the US dollar will benefit the Kiwi because commodity prices will increase

Read more........

AUD/USD Commentary and Trade Ideas

This market is showing some signs that the bull move may bending. If the market closes under the apex of the reverse head and shoulders, there will be some technical and spec selling

Read more....

USD/CAD Commentary and Trade Ideas

The CAD has suffered a triple whammy with equities, crude and gold prices all retreating during the past few sessions

Read more......

USD/CHF Commentary and Trade Ideas

A modest increase in Swiss retail sales, up 1.2%, and a 9.7%increase is economic expectations has failed to provide much enthusiasm for the franc

Read more........

USD/JPY Commentary and Trade Ideas

It looks like the loss of the yen to the dollar might have some more room to work to the down side, perhaps to the 94/5 area

Read more......

GBP/USD Commentary and Trade Ideas

This pair was working higher until the Bank of England announced that business condition had not significantly improved and they would proceed with further quantitative easing

Read more........

EUR/USD Commentary and Trade Ideas

Economic reports from both side of the Atlantic confirmed that business activity is lagging. The Euro exports were 1.3%less than March, and down 26$ to the UK and 21% to the US from year ago

Read more......

No surprises in regulatory plan for US financial system

Equity markets started yesterday on a weak note but the US market made a comeback during the evening ending the session broadly unchanged

Read more.........

Asia Session

After a strong run earlier in NY that pushed the Euro to a weekly high of 1.3985, the Euro leveled off in Asian trading and stayed calm between 1.3932 and 1.3974. Many traders attributed the EUR/USD trading in a 42 pip range to investors looking for clues to the next move for the Dollar

Read more...

Bullish on the Q's

The Nasdaq indices are acting considerably stronger than the S&P indices. In addition, let’s notice that the recent weakness in the Q’s (a derivative of the NDX) managed to hold support right at its March-June up trendline and has pivoted to the upside from the test of the trendline

Read more......

Indices Give Up Half the Day's Rally to Close Mixed

The markets ended mixed after some intraday volatility. They were down in the morning, held near the 1440 area on the NDX and 904 on the S&P 500 and then bounced in a 5-wave move over the next several hours, reaching back up towards key overhead resistance at 1470 NDX and just under 920 SPX

Read more........

Wednesday, June 17, 2009

US Dollar comes under Pressure

U.S. Dollar Trading (USD) was unable to gain on the increase in risk aversion as multiple factors weighed. Oil jumped as US inventories dropped by 3.9M. US Current Account continued to worsen -101B vs. -85B forecast. US CPI jumped up 0.1% in May

Read more.........

Dollar declines against major currencies on low U.S. inflation data

The greenback fell against euro and other major currencies as a smaller-than-expected rise in U.S. inflation diminished speculations that the Federal Reserve will raise interest rate to curb inflation risk

Read more...........

US Dollar drifted lower as CPI rises less than expected

USD traded mixed Wednesday rebounding from weakness in overseas trade. USD was pressured by the BRIC communiqué which called for a more diversified global currency system and Russia's plan to boost use of the yuan and rouble in bilateral trade

USD/JPY Daily Outlook

Dlr's retreat after meeting renewed selling at 96.78 suggests intra-day recovery fm 95.97 (Aust.) has possibly ended n weakness to 96.15/20 cannot be ruled out but below said sup is needed to confirm decline has resumed, 95.60/70 later

Read more....

Forecast on JPY Crosses

closed @ 13340 which was well below the open. Fed Chairman Bernanke Speaks. The Hourly Oscillators are turning bullish, so cautious approach is needed for the bears

Read more....

Forecast on US Dollar Minors

had wild swings but was within the level we suggested and closed @ 10890 which was below the open. Fed Chairman Bernanke Speaks

Read more.....

Forecast on US Dollar Majors

had wild swings but was within our levels and closed @ 13840 which was above the open. Fed Chairman Bernanke Speaks

Read more......

Forex Market Outlook on Majors

1.3826 As euro has retreated after holding below the minor res at 1.3855, weakness twds 1.3800 cannot be ruled out, however, break of 1.3788 is needed to confirm correction is over n bring resumption of decline to 1.3748.

Read more......

Technical News

This pair has been range-trading between 1.4150 and 1.3750 for the past few days and doesn't seem to have much clear direction

Read more......

Crude Oil Prices Stable near $70

Oil fell during yesterday's trading session and closed around $70.60; giving back early gains as worries about the ailing world economy persist

Read more........

Yen Experiences Mixed Results against Major Currencies

The Yen completed yesterday's trading session with mixed results versus the other major currencies. The JPY was broadly unchanged versus the EUR yesterday and closed its trading session at around the 133.50 level

Read more.....

EUR Rises on Positive Economic Data

The EUR experienced a bullish day of trading yesterday against the USD, mainly due to the German ZEW economic expectation figure

Read more......

USD Erratic from Mixed Signals

The USD dropped against most of its major currency rivals yesterday, pressured by Russian angling for a new global reserve currency

Read more.......

London Session

Further falls in stock markets is suggestive of more risk being taken off the table today as the market worries about the strength of the 'green shoots' of recovery

Read more.....

Risk appetite continues to decline

Equity markets fell for the second day in a row yesterday sending S&P500 down by 1.3%. In Asia the S&P future has been broadly unchanged, while most Asian indices are showing losses

Read more.....

Asia Session

The daily debate as to whether the global recession is easing or worsening once again fueled the tug-of-war between risk appetite and risk aversion, with those believing the economic situation is looking brighter able to chalk up a win in Asian trade

Read more....