EURUSD - Trends, Forecasts and Implications (Part 2) - page 1836
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Gold is waiting for something, the cup is drawn but not completely, I assume a correction to 1375 (not necessarily) and then an assault to 1500
I think it will be a synchronous movement, the Euro will go over 1.4, oil will exceed 100 and will stop after that, till it will be confirmed by FA and TA or will be rejected
The USD index is just the third on the D1, short of 75
This is my current scenario (until March 14th)
p.s. the posts loaded faster up to about 1,000 pages, but from there on it's a push)))What else can you draw?)))
What kind of toy did you find? It's interesting.
http://www.google.com.ua/search?hl=ru&client=opera&hs=Uo1&rls=ru&q=+Gannalyst&aq=f&aqi=&aql=&oq=
News and analysis from FBS brokerage company for 25.02.11(www.fbs.com)
Citigroup: EUR/USD to rise to 1.4283
Technical analysts at Citigroup note that the single currency could rise above 1.4000 against the US dollar after it formed an inverted "head and shoulders" pattern consisting of three lows with the lowest value in the middle. The pattern started to form on February 2.
According to Citigroup, the EUR/USD could rise to 1.4030 and 1.4283.
Experts note that expectations that the ECB will raise the key interest rate soon made market participants revise their bearish attitude towards the euro.
Morgan Stanley: higher outlook for the euro
Analysts at Morgan Stanley have increased forecasts for the rate of the European currency against the U.S. dollar and the Japanese yen.
The experts named recent hawkish comments of the European Central Bank as the main reason for change of forecast. Lately ECB officials have talked a lot about the need to tighten monetary policy in order to cope with rising inflation. Moreover, the bank stressed that European authorities are definitely working harder to find a solution to the eurozone's debt problems and they have managed to significantly reduce the risk of the crisis spreading to the region's as yet unaffected countries.
Morgan Stanley changed its target for the EUR/USD pair from $1.25 to $1.32 by March 31 and from $1.20 to $1.24 by the end of 2011. EUR/JPY will be trading at 111 yen at the end of March, while the previous estimate was just 108 yen. The annual forecast for the euro/yen exchange rate was raised from 112 to 115 yen.
It should also be noted that economists reduced the forecast for the USD/JPY pair by the end of March from 86 to 84 yen, while the annual estimate remained unchanged at 93 yen.
Sumitomo Mitsui: The euro could rise to $1.4200
Currency strategists at Sumitomo Mitsui Banking Corporation believe the single currency will continue to rise against the U.S. dollar in the next few weeks.
Specialists expect oil prices to remain extremely high due to the tense situation in the Middle East. This will boost inflation in the eurozone, stimulating expectations of a rate hike by the European Central Bank and pushing up the euro.
Of course, inflationary pressures will also increase in the United States. However, analysts believe that the Fed will lag behind the ECB in tightening monetary policy because high oil prices will be extremely negative for the US economy and the US monetary authority will stick to its monetary stimulus policy in an effort to support the economic recovery. In addition, the US dollar is negatively impacted by political worries: investors worry that mass protests against pro-US governments in countries such as Egypt and Saudi Arabia suggest that the credibility of the US in the world is declining.
According to Sumitomo Mitsui, the EUR/USD pair could rise above 1.4150 and possibly even above 1.4200.
Commerzbank: comments on EUR/ GBP
The single currency rose from Friday's low of 0.8360 to a new monthly high of 0.8575, just below the resistance of the medium-term trendline connecting the highs of October 2010 and January 2011.
Technical analysts at Commerzbank believe the EUR/GBP pair has already peaked around 0.8584 and will now fall to support at levels between 0.8530 and 0.8490. Above these levels the short-term outlook for the euro is bullish.
Mizuho: Euro will rise if it closes the week above $1.38The single currency climbed against the US dollar from levels around 1.3430 in mid-February to new 3-week highs around 1.3840.
Technical analysts at Mizuho Corporate Bank say the EUR/USD managed to close above resistance at 1.3740, representing a 61% Fibonacci recovery, and above the top end of the "flag" pattern on Wednesday and Thursday, indicating a continuation of the trend.
Experts believe that momentum is bullish and the euro could continue to strengthen if the currency closes the week above 1.3800. In this case there will be a second round of short covering.
I made a mistake with the sells, it's good that I let them close the breakeven buy to 1.40.
The general movement seems to be as follows for the time being. The alternatives have been removed so as not to embarrass me =) For this is the most likely option, in my opinion. We will see.
EURUSD H4