Click on my name above to find out I have tried everything . You name it Trend Following, Harmonics, Square Waves, Renko, Ichumoku, Fibonacci to name a few of my favourites. Nothing however works as well as the entry points my EA finds...
The following are Barclays Capital's latest technical setups for EUR/USD, GBP/USD, NZD/USD, and USD/CAD. EUR/USD: We prefer to fade uptics against the recent range highs near 1.1535. A move back below 1.1260 would confirm a re-test of the range lows near 1.1100. Below 1...
The following is EUR/USD range and outlook for next week as provided by Bank of Tokyo-Mitsubishi UFJ (BTMU). EUR/USD – NEUTRAL BIAS – (1.1200-1.1600). The focus in the week ahead is likely to remain on Greece with the talks this week not reaching a conclusion and set to extend into next week...
Analysts at Scotiabank noted how the USD reacted to a cease fire in Ukraine, a lack of agreement over Greece, negative rates and QE in Sweden & a slight hawkish shift at the BoE. Key Quotes: "FX competitive devaluations still an important market theme; and supports ongoing USD upside risk...
AUD/USD is currently trading at 0.7719 with a high of 0.7731 and a low of 0.7644. AUD/USD is recovering the losses from overnight and the jobs data, that will be alarming for the RBA, sending the Aussie down across the board. Versus the dollar, the Aussie dropped down to 0.7644 from the 0...
There is still no deal of any kind either to help ‘solve’ the Greek debt crisis, or to provide short-term funding to make sure that the ECB can support the Greek banks while the negotiations continue, notes SocGen. "However, markets are still priced relatively optimistically," SocGen adds...
Vladimir Miklashevsky, Economist at Danske, maintains the outlook for rouble, noting that the currency will remain driven by oil. Key Quotes “Before the talks in Minsk began, the rouble market switched from ‘the oil mode’ into a ‘headline driven’ one...
Pernille Bomholdt Nielsen, SeniorAnalyst at Danske Bank, forecasts eurozone Q4 GDP to print an above consensus (0.2% qoq) figure of 0.4% qoq, aided by a probable high growth in private consumption. Key Quotes “Euro GDP growth for Q4 is due for release on Friday...
Risk sentiment has been broadly stable, regardless of EU Finance Ministers not agreeing on a common approach when it comes to Greece. According to Eurogroup Chairman Dijsselbloem not enough progress was made in order to come to joint conclusions...
James Knightley, Senior Economist at ING, reviews BOE’s inflation report, and comments that the central bank has expressed willingness to expand its QE or cut bank rates from current 0.5% level on any downside threat to inflation...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, AUD/USD, and USD/CAD. EUR/USD: has been choppy on uncertainty around Greece. The pair overnight traded up to 1.1353 on news that Greece will stay in EU bailout program but slipped back to 1...
The Australian Bureau of Statistics said on Thursday that the number of people employed fell by 12,200 to 11.668 million in January, against market expectations of a fall of 5,000. This took the official unemployment rate to 6.4 per cent from 6...
Veteran trader Larry Pesavento explains a powerful tape reading technique in his 2000 book Opening Price Principle: Best Kept Secret on Wall Street. Through years of observation, he noticed how the first trade of the day often serves as support or resistance for the entire session...
The US data calendar has been quiet following the January employment report but picks up again Thursday with the release of January retail sales, notes BNP Paribas. "Headline sales will likely fall for the second month in a row, but largely because of the effects of falling gasoline prices...
Another contraction in U.S. Retail Sales may drag on the greenback and generate a near-term rebound in EUR/USD as it dampens the Fed’s scope to raise the benchmark interest rate in mid-2015...
Sean Callow of Westpac, shares that the disappointing Australian jobs data has had the markets pricing in a 25bp cut by the RBA at the March meeting, with probability of easing now standing at 75% from previous 50...
The TD Securities Team shares the market performance in the Asian trade, noting that AUD/USD was the biggest mover in the FX space post the disappointing jobs data release, while euro was seen pressurised by the inconclusive Greece discussions...
EUR/USD remained subdued in a choppy Asian session, having dipped to session lows just ahead of 1.13 threshold after Euro group’s Dijsselbloem stated that no deal was reached at the Greece- EU meeting overnight. Recovers from 1.1304 levels The EUR/USD now steadies at 1.1314, down -0...
Bollinger bands are very similar to moving averages. The bands are plotted at two standard deviations above or below the moving average. This is typically based off of the simple moving average, but an exponential moving average can be used to increase the sensitivity of the indicator...
The Australian Dollar was the main laggard in Asian hours, in response to a dismal Australian jobs report, with the Euro also the protagonist, seesawing to both sides of the chart on inconclusive Greek-EU debt talks, only to finish almost unchanged for the session...
