Sydney GW 23:51 GMT March 28, 2010
I guess there aren't any barriers at eurusd 1.35.
SF WM 23:27 GMT March 28, 2010
If cheating is running stops in an illiquid Sydney market then maybe you are right but part of the game.
la zh 23:25 GMT March 28, 2010
Did anyone know why EUR/USD, USDCHF up and down then back to last week quote? It looks like a kind of cheating?
Melbourne Qindex 23:07 GMT March 28, 2010
AUD/USD : How high can it go on April 2
Entry: Target: Stop:
AUD/USD : Weekly Cycle Analysis
The current expected trading range for this week is 0.8808 - 0.9290. The lower trading range is 0.8808 - 0.8968 and the upper trading range is 0.9069 - 0.9290. A projected resistant point is positioning at 0.9305. Buy on dips is the preferred trading strategy. A weekly cycle point is matured on April 2 and the reference point is 0.8822. Speculative buying interest will increase when the market is trading in the upper range of 0.9069 - 0.9290.
AUD/USD : Resistance at 0.9305
Downside Targeting Points = 0.9019 - 0.9022
Upside Targeting Points = 0.9122 - 0.9137
AUD/USD : Monthly Cycle Charts
HK [email protected] 23:03 GMT March 28, 2010
Eur/Usd daily key reversal.Early morning friday I suggested a possibility that ~1.3300 may form a pivot point. Combine the two and no need to ask why Euro moves up.
About the AUS/USD I suggest to be more careful as lot of Australian anal-lysts were giving wrong predictions(mostly bullishing the tops) and no one knows if they are sincere about what they publish. This weekend is a holiday and the charts point to 86.5 target after the wedge breach proved it's reliability. So beware when some Anal-lysts want to load you with what may be proven a wrong trade.
ABHA FXS 22:54 GMT March 28, 2010
= Weekly Signal =2
Sell usdjpy 95.12-94.20 Tp 88.60-8768
Sell eurjpy 125.34-125.15 Tp 120.28-120.09
Sell audjpy 85.93-85.60 Tp 80.86-80.53
Sell gbpjpy 139.37-139.81 Tp 133.62-133.18
THIS IS MY WEEKLY SIGNAL 2
Syd 22:37 GMT March 28, 2010
RBA Stevens' Comments Not Directed At Traders-CBA
Despite it catching many traders by surprise, RBA Governor Glenn Stevens' morning television appearance is having little market impact, with Joseph Capurso, currency strategist with Commonwealth Bank of Australia, saying his comments aren't directed at those in market. In an appearance on Channel 7, Stevens said official interest rates will push towards more normal settings. "He's going after the average person directly and the main message is to expect rates to keep going up. He wants people not to be complacent and not to over-invest in property," says Capurso.
HK c 22:33 GMT March 28, 2010
Into Monday Trade
I still like my long USDJPY from Friday (92.50). Sitting here with a large stop and a wide profit goal. Will tighten later. Markets need to get their bearings as the day wears on.
Toronto EDP 22:20 GMT March 28, 2010
I would think 1.3493
ABHA FXS 22:20 GMT March 28, 2010
= Weekly Signal =
Buy audusd 0.8961-0.8951 Tp 0.9266-0.9277
Sell usdchf 1.0815-1.0833 Tp 1.0491-1.0473
Buy eurusd 1.3177-1.3132 Tp 1.3675-1.3720
Buy gbpusd 1.4706-1.4681 Tp 1.5199-1.5224
THIS IS MY WEEKLY SIGNAL
Toronto EDP 22:15 GMT March 28, 2010
Re: Philadelphia JS 20:48 GMT March 28, 2010
Whatever the broker does will be in THEIR favor and never yours.
Let's assume you're short at 134.00 with a stop at 134.50 and the market opens at 135.00 then they will stop you out at 135.00 however, let's say you had an order in to sell at 134.50 and it opened at 135.00 then they would fill you at 134.50 so you would start off with a .50 loss even though ther markey opened at 135.00 so DON'T expect ANY favors...the brokerers will ALWAYS do what is in THEIR best interest not yours !
LA BV 22:12 GMT March 28, 2010
What high do we use for today to calculate eurusd retracements? Any suggestions?
Syd 21:55 GMT March 28, 2010
DJ AUD/USD Could Get To 0.9300 By Week End - CBA
Expect a quiet first couple days of week for AUD with a potential bailout deal for Greece now in rear-view mirror, says Joseph Capurso, currency strategist with Commonwealth Bank of Australia. "Wednesday is the big day to worry about when you have retail sales numbers and building approvals. That will help the market price in its expectations for a rate hike on next Tuesday," says Capurso. Market currently putting chance of April hike at 50%. "I suspect the local data will be pretty good, so we could nudge to US$0.9300 by the end of the week," adds Capurso. AUD/USD currently at 0.9049, down slightly from 0.9054 late Friday.
April RBA Rate Hike Better Than 50-50 Chance-Macquarie
RBA Governor Glenn Stevens' morning television appearance is a clear cut sign central bank is now more likely than ever to raise cash rate once again in April, says Rory Robertson, interest-rate strategist with Macquarie. "This was so unprecedented from Stevens, I don't remember an RBA Governor ever being on breakfast TV advertising higher interest rates," says Robertson. Market currently forecasting roughly 50% chance of hike in April, with Robertson forecasting that figure to move higher and short-term bond prices to move lower. 3-year closed overnight Friday at 94.64, up 1 tick overnight.
Miami JN 21:49 GMT March 28, 2010
Raising protective stop to 124.15 on long eurjpy from Friday. Target is 125.00 to 125.20
Lahore FM 21:42 GMT March 28, 2010
Entry: 1.0589 Target: 1.10/1.12 Stop: 1.0520
03/26/2010 14:26:47 FM Lahore 4
Entry: 1.0651 Target: open Stop: 1,0590
stoped for minus 61 for 1.0651 long usdchf.
long once more now at 1.0589 with mentioned stop and targets.
Melbourne Qindex 21:25 GMT March 28, 2010
AUD/USD : Current Comments
Entry: Target: Stop:
AUD/USD : Speculative buying interest will increase when the market is able to trade above the weekly cycle matrix system at 0.8890 - 0.9008 - 0.9051.
London SFH 21:22 GMT March 28, 2010
JS ...depends on the broker..if they are sharks a stop will be fillled a limit not...gl/gt
Ormond Beach FL AG 21:15 GMT March 28, 2010
In my case NOT. But you will find out soon :) GL
Philadelphia JS 20:48 GMT March 28, 2010
I have a question. Let's say I had a stop or limit in at eurusd 1.35. It trades there before my broker opens at 5 PM local time but opens below it. Is my stopped set off? Same goes for a limit order. is that executed?
Sydney GW 20:03 GMT March 28, 2010
My screen shows 1.3494 as the high but I read that 1.3527 (ugh!) traded.
Moscow Vasya 19:58 GMT March 28, 2010
Sinking $hit raising geopolitical concerns )) Funny enough, thanks GVI )))
GVI Forex Blog 19:50 GMT March 28, 2010
US equities initially gained after EU leaders agreed on a safety net for Greece based on EU and IMF financing. However, gains were pared back after a report of a South Korean naval ship sinking raised geopolitical concerns.
Forex Research - Morning Report
Lahore FM 19:48 GMT March 28, 2010
ABHA congratulations your usdchf target met.i will need to long again after collecting stopped trades as market opens.
Boston BR 19:38 GMT March 28, 2010
This is an old time stop hunt in Aussie-NZ time. Does anyone have the high trade?
Amman wfakhoury 19:23 GMT March 28, 2010
Most of take profit targets reached at the opening of the market.
PAR 19:12 GMT March 28, 2010
Looks like stops above 1.3540 will be safe .
PAR 19:00 GMT March 28, 2010
What s happening to the Us dollar ?
Moscow Vasya 18:52 GMT March 28, 2010
Maybe coz they traiding on holidays, and then we analize without lost history, and loosing weights then )))
paris pierre 18:43 GMT March 28, 2010
Hi, any news why eurusd is higher?? tks
Miami JN 18:41 GMT March 28, 2010
PAR. What are you talking about?
PAR 18:39 GMT March 28, 2010
Obama visting his friend Karzai in Afganistan before US troop withdrawal .
bucharest vicx 18:33 GMT March 28, 2010
the eur usd is going uup?!?! tokyo rana tell me is this right!?!? my trading sesion isnt start yet!
PAR 18:29 GMT March 28, 2010
What s going on . This cannot be for real . Any news ?
Moscow Vasya 18:22 GMT March 28, 2010
Does anyone have any idea how to restore lost ticks in history of my broker tradestation?
PAR 18:06 GMT March 28, 2010
Be Happy / Loose Money
Dubai Plan May Be âNegativeâ for Banks, JPMorgan Says
March 28 (Bloomberg) -- Dubai Worldâs debt-restructuring plan may be ânegativeâ for its bank creditors because repayments will be funded by asset sales and dividends, JPMorgan Chase & Co. said.
Dubai World, a state-owned holding company, is asking creditors to wait as long as eight years before they receive all their money back as part of its $23.5 billion debt reorganization announced last week.
âThere is no mention of a government repayment guarantee for Dubai Worldâs bank creditors,â Zafar Nazim, a London-based analyst at the bank, wrote in a report dated March 25. âThe government intends to inject only $1.5 billion of cash into Dubai World to support its creditors and working capital commitments. In essence, Dubai Worldâs creditors will be relying upon assets sales and dividends.â
Creditors to Dubai Worldâs real-estate arm, Nakheel PJSC, will be asked to restructure their loans at commercial rates, and trade creditors will be offered a cash payment and a tradable security. The companyâs Islamic bonds, or sukuk, due in 2010 and 2011 will be paid on maturity if the proposal receives enough support from creditors.
Dubaiâs benchmark index surged 4.3 percent on March 25, the most since Dec. 14, after the plan was announced, while Nakheelâs $750 million Islamic bond maturing in January gained 48 percent to 96 cents on the dollar, according to prices on Bloomberg.
âWe would be cautious on indiscriminately extending the potential positive outcome for Nakheel bonds to other Dubai Inc. entities,â the report said. âThe government has not explicitly ruled out restructuring other Dubai Inc. entities, and continues to distinguish between sovereign and non-sovereign obligations.â
tokyo rana 16:10 GMT March 28, 2010
Entry: 91.400 Target: open Stop: open
i sset some long orders but im still not too confident about usdjpy go up...ithink its too early to say anything as bloomburg alsosaid.....happy trade...best regards
tokyo rana 16:07 GMT March 28, 2010
gbpjpy Profitmaker short term chart
Entry: 135 to 136 Target: Stop:
Amman wfakhoury,gbpjpy will come to 136.700 to 134.700 mostly likely after that again go up....ithink straight up difficult....gbpjpy sell of around 138 to 138.500 and swing down.........happytrade...best regards
tokyo rana 14:08 GMT March 28, 2010
Entry: Target: Stop:
Cairo Hesham,your welcome.....you also write your view...happy trade...best regards..
Amman h5jordan 13:52 GMT March 28, 2010
Since I am short usd/jpy, I am biased towards this article:
March 26 (Bloomberg) -- The dollar may reverse gains versus the yen made over the past three months as the Federal Reserve will limit increases in interest rates through to the end of 2011, according to Nomura Securities Co.
The U.S.âs fragile economic outlook will prompt the Fed to keep the benchmark rate at a record low until next year, said Taisuke Tanaka, Tokyo-based head of foreign exchange research at Nomura, Japanâs biggest securities brokerage. Any increases in the rate over the next two years will be too slow to spur a sustainable rally in the dollar as the advantage over Japanâs borrowing costs will be too small, Tanaka said.
The dollar has risen 1.4 percent since Dec. 25 as evidence of an economic recovery prompted speculation the Fed will raise rates before policy makers in Japan and Europe. Initial jobless claims fell to the lowest level in six weeks as the rebound encourages U.S. companies to make fewer cuts in payrolls, a government report yesterday showed.
The dollar has fallen 6 percent against the yen over the past year and averaged 92.96 yen, compared with an average of 111.45 over the past 10 years, according to data compiled by Bloomberg. The U.S. currency fetched 92.55 yen as of 10:42 a.m. in Tokyo from 92.73 yen in New York yesterday.
The Bank of Japan will keep the key rate unchanged through the second quarter of 2011, according to analystsâ forecasts in a separate survey.
Any increase in the Fed benchmark may initially weigh down the greenback by driving down bond prices, reducing the allure of dollar-denominated assets, said Tanaka, who was first on this yearâs rankings of interest-rate and currency analysts by Nikkei Veritas.
âA rate hike will cause bonds to be sold,â he said. âAs low interest rates have kept up demand for equities, stocks will also fall for a while until the economy expands and companiesâ earnings recover. The dollar will be sold.â
The dollar will extend declines against the yen in the long run, while there is a risk it may test higher prices toward the end of 2010, Tanaka said.
âIf the economic recovery continues to be on track, the yen may weaken at times in accordance with expectations for the Fedâs rate increase,â Tanaka said. âBut itâs still too early to think the dollar-yen will keep rising.â
--Editors: Garfield Reynolds, Nate Hosoda.
Cairo Hesham 12:52 GMT March 28, 2010
To Rana: thank u
tokyo rana 12:44 GMT March 28, 2010
Entry: Target: Stop:
to Cairo Hesham,my guru is saying that...
After dipping to 134.53 initially last week, GBP/JPY recovered strongly to as high as 138.28. The development suggests that consolidation from 132.13 is still in progress. Broad based weakness in Japanese yen argues such consolidation is correction whole fall from 150.68 and stronger recovery might be seen. Initial bias remains mildly on the upside this week and further rise could be seen to 139.33, or even further to 55 days EMA (now at 139.87). However, upside should be limited below 143.59 cluster resistance (61.8% retracement of 150.68 to 132.13 at 143.59) and bring fall resumption. On the downside, below 136.61 minor support will turn intraday bias neutral first. Further break of 134.53 will argue that whole medium term fall from 163.05 is resuming for 132.13 and beyond.
In the bigger picture, there is no change in the bearish view. Medium term rebound from 118.18, which is correction to the long term down trend from 07 high of 251.90, has completed at 163.05 already. Decline from 163.05 is tentatively treated as resumption of the long term down trend from 2007 high of 251.09 and should target a new low below 118.81. On the upside, decisive break of 143.59 cluster resistance (61.8% retracement of 150.68 to 132.13 at 143.59) is needed to invalidate this view. Otherwise, outlook will remain bearish.
In the longer term picture, fall from 251.09 is treated as resumption of multi decade down trend. Note that the fall from 215.87 is not treated as the fifth wave, but the third wave inside the third wave that started at 241.35. On resumption, the down trend will extend to 61.8% projection of 215.87 to 118.81 from 163.05 at 103.03 next, which is close to 100 psychological support.
After edging lower to 121.05 last week, EUR/JPY rebounded strongly to as high as 124.45. The development suggests that consolidation from 119.64 is still in progress and initial bias remains mildly on the upside for further rise, possibly to 55 days EMA (now at 124.83). But at this point we'd still expect strong resistance from 125.22 cluster resistance (38.2% retracement of 134.36 to 119.64 at 125.26) to conclude the consolidation and bring fall resumption. On the downside, below 122.97 minor support will turn intraday bias neutral first. Further break of 121.05 will suggest that recent down trend is possibly resuming for another low below 119.64. However, note that sustained break of 125.22 cluster resistance will complete a head and shoulder bottom pattern (ls: 120.69, h: 119.64, rs: 121.05) and will argue that EUR/JPY has bottomed out in medium term and will turn focus to 126.88 support turned resistance.
In the bigger picture, there is still no change in our bearish view. That is, medium term rebound from 112.10, which is treated as a correction to long term down trend from 2008 high of 169.96, should have completed at 139.21 already, after multiple failure to sustain above 55 weeks EMA. Recent decline is expected to resume sooner or later to a new low below 112.10. However, note that decisive break of 125.22 cluster resistance will argue that recent fall might have completed already. Further break of 126.88 support turned resistance will indicate that medium term rise from 112.10 might be still in progress for another high above 139.21 before completion.
In the long term picture, up trend from 88.96 (00 low) has completed at 169.96 and made a long term top there. Fall from 169.96 should develop into a three wave correction with first wave completed at 112.10, second wave completed at 139.21. Current fall is likely the third wave and should extend beyond to 61.8% projection of 169.96 to 112.21 from 139.21 at 103.45 or further to 100 psychological support next.
tokyo rana 12:36 GMT March 28, 2010
Entry: Target: Stop:
To Cairo Hesham,idid not changed my mind markeet changed his mind friday close above last friday and markeet marking no sence...ihave guru my guru saying go up so ithink go up...eurjpy and gbpjpy markeet ithink want go up to main resistance..most likely gbpjpy 140 to 143.3likely eurjpy 125 to 127....and it will come down from there....ithink yen is weak for time being this is bcoz of risk aversion and other thing to many peoples short yen pairs if go up than forex companies can make profit only down and down difficult iwas thinking long time ago gbpjpy come to 130.........even bullish usd could not cross 93.00 so yen not so weak....markket is looking for lower tops...sorry for poor english...happy trade.best regards
GVI Forex Blog 12:16 GMT March 28, 2010
There have been many articles written about trading the news, which generally refer to trading after an economic report is released or after a comment by a scheduled speaker (e.g. monetary or finance official). We even devoted a chapter to this topic in our book. However, this is not the purpose of this article. The aim of this article is to discuss a different aspect of trading the news, which is what I refer to as ânews headline trading.â
Trading the News â A Different Perspective
Melbourne Qindex 12:13 GMT March 28, 2010
GBP/USD : How low can it go this week?
Entry: Target: Stop:
GBP/USD : Weekly Cycle Analysis
The current expected trading range for this week is 1.4718 - 1.5174. The lower trading range is 1.4695 - 1.4842 and the upper trading range is 1.4982 - 1.5174. A projected resistant point is positioning at 1.5192. Sell on rallies is the preferred trading strategy. A weekly cycle point is matured on April 2 and the reference point is 1.5951. Speculative selling pressure has been increased when the market is trading below this reference point, 1.5951.
GBP/USD : Resistance at 1.5192
Downside Targeting Points = 1.4716 - 1.4781
Upside Targeting Points = 1.5013 - 1.5035
GBP/USD : Monthly Cycle Charts
PAR 12:07 GMT March 28, 2010
Four More Banks SHUT DOWN, Expected Losses Total $320 MILLION
WASHINGTON â Regulators on Friday shut down two Georgia banks and one each in Florida and Arizona, bringing to 41 the number of bank failures in the U.S. so far this year following the 140 that fell in 2009 to mounting loan defaults and the recession.
The Federal Deposit Insurance Corp. on Friday took over the banks: McIntosh Commercial Bank, based in Carrollton, Ga.; Unity National Bank of Cartersville, Ga.; Key West Bank of Key West, Fla., and Desert Hills Bank, based in Phoenix.
The four failures are expected to cost the federal deposit insurance fund a total of around $320.3 million.
Cairo Hesham 10:39 GMT March 28, 2010
To Rana: Why did u change ur mind about jpy crosses?
tokyo rana 09:28 GMT March 28, 2010
Entry: Target: Stop:
weak yen thats why go for longs all yen pairs.....any view?best regards
tokyo rana 09:22 GMT March 28, 2010
longs orders gbpjpy
Entry: 135.700 Target: 139.300 to 143.300 Stop: open
gbpjpy long orders i put @ 135.700 target 139.300 to 143.300 gbpjpy shorts still hold.....usdjpy long orders 91.400 target 93.800 to 101.00 usdjpy shorts still hold......eurjpy shorts hold eurjpy long still stay sideline........next time not listen to any body all makes wrong predictions......when start going down any pair every body says go more down when start going upthan says go more up...simply next time buy low sale high.......happy trade.....best regards
Melbourne Qindex 09:04 GMT March 28, 2010
Gold : Closing above 1104.1 on April 2
Entry: Target: Stop:
Gold : Weekly Cycle Analysis
The current expected trading range for this week is 1095.7 - 1135.3. The lower trading range is 1062.0 - 1095.7 and the upper trading range is 1116.0 - 1130.6. A projected resistant point is positioning at 1152.6. Buy on dips is the preferred trading strategy. A weekly cycle point is matured on April 1 and the reference point is 1104.1. Speculative buying interest will increase when the market is trading above this reference point, 1104.1.
Gold : Critical Resistance 1052.6
Downside Targeting Points = 1089.1 - 1093.3
Upside Targeting Points = 1124.9 - 1130.6
Gold : Monthly Cycle Charts
MUMBAI MANISH 08:32 GMT March 28, 2010
Entry: Target: Stop:
i AM NEW IN THIS FIELD AND I AM PHYSICALLYE TRADING IN SMALLER SCALE . I NEED SUGGESTION FOR GOLD IN NEXT WEEK OR COMING FUTURE.
I AM WAITING FOR YOUR REPLY.
Melbourne Qindex 08:00 GMT March 28, 2010
USD/JPY : Can the market close below 91.62 on April 1
Entry: Target: Stop:
USD/JPY : Weekly Cycle Analysis
The current expected trading range for this week is 91.55 - 94.12. The lower trading range is 90.80 - 92.19 and the upper trading range is 93.47 - 94.76. A projected resistant point is positioning at 93.63. Sell on rallies is the preferred trading strategy. A weekly cycle point is matured on April 1 and the reference point is 91.62. Speculative selling pressure will increase when the market is trading below this reference point, 91.62.
USD/JPY : Critical resistance 93.63
Downside Targeting Points = 91.77 - 91.83
Upside Targeting Points = 93.01 - 93.18
USD/JPY : Monthly Cycle Charts