tag:blogger.com,1999:blog-24574602701736051382024-03-19T01:14:32.307-07:00Free Forex Bonuses, News and Forecasts Read our posts such as Forex forecasts, Trading Strategies, Forex No-deposit Bonuses, FX welcome bonuses, and Forex for beginners and Daily updated forex newsfeed.Unknownnoreply@blogger.comBlogger35125tag:blogger.com,1999:blog-2457460270173605138.post-738056592069440392023-02-05T07:19:00.000-08:002023-02-05T07:19:03.893-08:00EUR/USD FORECAST – 06th – 11th February, 2023. – Forex Trading Tips.<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">Following the NFP-inspired selloff, the EUR/USD has stabilized at
1.0850.<o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">The EUR/USD was under heavy negative pressure and fell below 1.0850 as
the US Dollar gained momentum following the positive January employment data.
However, with Wall Street's key indexes rebounding from daily lows, the pair
appears to have found support.</p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="font-size: medium;"><b>Main events for the week: (All times are in GMT)</b></span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">EUR – Retail sales (YoY) (Jan) – Monday at 10:00<o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">USD - Fed's Chair Powell speech – Tuesday at 17:40<o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">EUR – (GER) Harmonized Index of Consumer Prices – Thursday at
13:00<o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">USD - Michigan Consumer Sentiment Index<span style="box-sizing: border-box; text-rendering: optimizelegibility;"> (</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;">Feb</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;">)</span> – Friday at 15:00<o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><br /></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="font-size: medium;">Our forecast is Bullish for the EUR/USD pair.</span><o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><o:p> </o:p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDTUZtf6mPRvPiphDWnHRyzGCKxapct18KiNYeYmWJBC-YaI4juGnv7xfp0iBl2Njj1ZsSa2RaJn-HJhf6eA3IM7towObiDphBnU8v2hj_FOFYrh88AyB9wP2gBEj3ZEJ6aS3HLMg4KBymBq3LURQIDu_Qw2Gax9N3q65RnKcqiipQG8iRLiAlSJL6/s241/bullish.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="241" data-original-width="211" height="241" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDTUZtf6mPRvPiphDWnHRyzGCKxapct18KiNYeYmWJBC-YaI4juGnv7xfp0iBl2Njj1ZsSa2RaJn-HJhf6eA3IM7towObiDphBnU8v2hj_FOFYrh88AyB9wP2gBEj3ZEJ6aS3HLMg4KBymBq3LURQIDu_Qw2Gax9N3q65RnKcqiipQG8iRLiAlSJL6/s1600/bullish.JPG" width="211" /></a></div><br /><p></p><span class="fullpost">
</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2457460270173605138.post-15288214143692758952023-01-01T05:11:00.000-08:002023-01-01T05:11:25.746-08:00EUR/USD FORECAST – 02nd – 06th January, 2023. – Forex Trading Tips.<p class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left;"><span style="font-size: medium;">As the year comes to a finish, the EUR/USD exchange rate remains over
1.0650. Earlier, it had risen as high as 1.0700 before slightly falling
down. Despite a lack of fundamental factors, the US Dollar's loss on the final
trading day of the year appears to be aiding the pair in maintaining positive
territory.</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="font-size: large;">Main events for the week: (All times are in GMT)</span></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">USD - ISM Manufacturing PMI (Dec) – Wednesday at 15:00<o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">USD - FOMC Minutes - Wednesday at 19:00<o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">USD - ADP Employment Change (Dec) – Thursday at 13:15<o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">EUR – (GER) Retail Sales (YoY) (Nov) – Friday at 07:00<o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">EUR - Core Harmonized Index of Consumer Prices (YoY) (Dec) – Friday at
10:00<o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">EUR - Harmonized Index of Consumer Prices (YoY) (Dec) – Friday at 10:00<o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">EUR - Retail Sales (YoY) (Dec) – Friday at 10:00<o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">USD - Nonfarm Payrolls (Dec) – Friday at 13:30 <o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">USD - ISM Services PMI (Dec) – Friday at 15:00 <o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><o:p> </o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="font-size: x-large;">Support and Resistance levels for EUR/USD (Technical and Historical
levels Analysis) – Forex Trading Tips</span><o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><o:p> </o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="font-size: large;"><i>Resistance Levels</i></span><o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">1.0735<o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><o:p> </o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="font-size: large;"><i>Support Levels</i></span><o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">1.0625<o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">1.0600<o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">1.0580<o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">1.0500<o:p></o:p></p>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><o:p> </o:p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYTKkdNX1UfM9uI-nfb-hVlEpFRgKfu7-JsjOXVPvET_KmxWVSelkRB4I_IJVKMRwT_Qef-K9oOhTsN7V8xuTo8BTfNP24mAiaZxUIOlLL6l8ub0xV3A4dkNuvppb_xE7syI1yNYFL8BddANXVoAS1PjdPhOYt094C3R0GOsBCDih5UW5uzROcF40h/s239/bearish.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="239" data-original-width="215" height="239" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYTKkdNX1UfM9uI-nfb-hVlEpFRgKfu7-JsjOXVPvET_KmxWVSelkRB4I_IJVKMRwT_Qef-K9oOhTsN7V8xuTo8BTfNP24mAiaZxUIOlLL6l8ub0xV3A4dkNuvppb_xE7syI1yNYFL8BddANXVoAS1PjdPhOYt094C3R0GOsBCDih5UW5uzROcF40h/s1600/bearish.JPG" width="215" /></a></div>
<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="font-size: large;"><b>Our forecast is Bearish for the EUR/USD pair.</b></span><o:p></o:p></p><span class="fullpost">
</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2457460270173605138.post-15962752844219590902022-12-17T07:39:00.001-08:002022-12-17T07:39:24.194-08:00EUR/USD FORECAST – 19th – 24th December, 2022. – Forex Trading Tips.<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="font-size: large;">Risk aversion causes the EUR/USD to fall toward 1.0600.</span><o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">On Friday, the EUR/USD lost momentum and fell near 1.0600 after
initially rising toward 1.0650 in response to the gloomy US PMI data. The US
Dollar gains strength and puts pressure on the pair as a result of the negative
shift in risk sentiment.<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">Following the erratic trading on Thursday, the EUR/USD pair has begun
to rise early on Friday. The short-term technical forecast for the pair
indicates that the bullish bias is still present. The pair may finish the week
strong unless safe-haven flows take over the markets before the weekend.<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">Following its policy meeting in December, the European Central Bank
(ECB) made the widely expected announcement that it had increased its main
interest rates by 50 basis points. However, ECB President Christine Lagarde
made unexpectedly aggressive remarks at the news conference, which led to a
surge in the euro.<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">In response to a question regarding the rate outlook, Lagarde stated
that "based on the information that we currently have available, that
predicates another 50 basis-point rate hike at our next meeting, and possibly
at the one after that, and possibly thereafter, but everything will also be
determined by the review of data." Because it's more than that, don't
assume it's a one-shot 50.<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">Despite rising to a new multi-month high of 1.0736 in response to these
statements, the EUR/USD ended up concluding the day in the red as safe-haven
flows helped the US Dollar outperform its competitors during the American
trading hours.<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">The market's slight Friday morning improvement indicates that the ECB's
hawkish perspective on the Euro is once again having a favorable effect. US
stock index futures were trading flat as of the time of publication. The
EUR/USD is anticipated to gain bullish momentum in the afternoon if Wall
Street's major indexes recover after Thursday's severe fall.<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">Later in the day, S&P Global will announce the preliminary
Manufacturing and Services PMIs for the US, the Eurozone, and Germany. The
market response to PMIs is probably going to be fleeting because investors are
analyzing the ECB and Fed's policy pronouncements.</p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="font-size: large;">Support and Resistance levels for EUR/USD (Technical and Historical
levels Analysis) – Forex Trading Tips</span><o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="font-size: medium;">Resistance Levels</span><o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">1.0740<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">1.0700<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">1.0680<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"> <o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="font-size: medium;">Support Levels</span><o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">1.0630<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">1.0600<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">1.0560<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<u1:p></u1:p>
</p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><o:p> We are bearish on EUR/USD this week.</o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2LmL81YA-_NBjZJD9oguaAx3Z7I_XsIc7kFoA0X-ZrdBO6F0h8REkxEXz8o1BbSQx5gi8pY6KI0jILMWQasCkJJ6PcW0irYYkECkLF6S1NNP3CRaICe8GjBKUGYD5xT_KfpiZY4DAabJ2eOtALvAWbxxdw-lQ0nNnPEiPTbzKo4b5zhyymSK4UPDS/s239/bearish.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="239" data-original-width="215" height="239" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2LmL81YA-_NBjZJD9oguaAx3Z7I_XsIc7kFoA0X-ZrdBO6F0h8REkxEXz8o1BbSQx5gi8pY6KI0jILMWQasCkJJ6PcW0irYYkECkLF6S1NNP3CRaICe8GjBKUGYD5xT_KfpiZY4DAabJ2eOtALvAWbxxdw-lQ0nNnPEiPTbzKo4b5zhyymSK4UPDS/s1600/bearish.JPG" width="215" /></a></div><br /><o:p><br /></o:p><p></p><span class="fullpost">
</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2457460270173605138.post-77159020513151038482022-12-10T19:40:00.000-08:002022-12-10T19:40:30.812-08:00EUR/USD FORECAST – 12th – 16th December, 2022. – Forex Trading Tips.<p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">During Friday's
American market hours, EUR/USD lost momentum and fell below 1.0550. With Wall
Street's key indexes trading flat on the day, however, the pair managed to retreat
from the bearish pressure and continues on track to close the week relatively
unchanged.<o:p></o:p></span></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: Arial, "sans-serif";"><span style="font-size: medium;">Main events for the
week: (All times are in GMT)</span><span style="font-size: 10.5pt;"><o:p></o:p></span></span></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">EUR - Germany - Harmonized
Index of Consumer Prices (YoY)</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;">(</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;">Nov</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;">)</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;"> </span>– Tuesday at 07:00</p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;">
USD - Consumer Price Index ex Food & Energy (MoM and YoY)(Nov) – Tuesday at
13:30<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">USD - Fed Interest
Rate Decision</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;"> </span>– Wednesday at
19:00<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">USD - Fed's Monetary
Policy Statement</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;"> </span>– Wednesday at
19:00<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">USD - FOMC Economic
Projections – Wednesday at 19:00<o:p></o:p></span></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">USD - FOMC Press
Conference</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;"> </span>- Wednesday at
19:30<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">EUR - EU leaders
summit – Thursday at 00:00<o:p></o:p></span></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">EUR - ECB Monetary
Policy Decision Statement</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;"> </span>- Thursday at 13:15<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">EUR - ECB Rate On
Deposit Facility</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;"> </span> - Thursday
at 13:15<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">EUR - ECB Rate On Main
Refinancing Operations</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;"> </span> - Thursday
at 13:15<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">USD - Retail Sales
(MoM)</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;">(</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;">Nov</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;">)</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;"> </span>- Thursday at 13:30<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">USD - Retail Sales
Control Group (Nov) - </span>Thursday at 13:30<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">EUR - ECB Press
Conference</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;"> </span>– Thursday at
13:45<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">EUR - S&P
Global/BME Composite PMI</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;">(</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;">Dec</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;">)</span> – Friday at 08:30<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">EUR - S&P
Global/BME Manufacturing PMI</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;">(</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;">Dec</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;">)</span><span style="color: #343434; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"></span><span style="box-sizing: border-box; text-rendering: optimizelegibility;"> - </span><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Friday
at 08:30<o:p></o:p></span></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;">
</p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">EUR - S&P Global
Composite PMI</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;">(</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;">Dec</span><span style="box-sizing: border-box; text-rendering: optimizelegibility;">)</span> – Friday at 09:00<o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: Arial, "sans-serif";"><span style="font-size: large;"><b>Support and Resistance
levels for EUR/USD (Technical and Historical levels Analysis) – Forex Trading
Tips</b></span><span style="font-size: 10.5pt;"><o:p></o:p></span></span></p><h4 style="line-height: normal; margin-bottom: 0.0001pt; text-align: left; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Resistance Levels</span></h4><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">1.0580</span><o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">1.0600</span><o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">1.0630</span><o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">1.0700</span><o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";"> </span></p><h4 style="line-height: normal; margin-bottom: 0.0001pt; text-align: left; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">Support Levels</span></h4><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">1.0540</span><o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">1.0500</span><o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">1.0480</span><o:p></o:p></p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;">
</p><p class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><span style="color: #343434; font-family: "Arial","sans-serif"; font-size: 10.5pt; mso-fareast-font-family: "Times New Roman";">1.0450</span><o:p></o:p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKoLIIBmtFxUl9_s15z5I2DGYjB1iFym6ubn6_5h04XYZjXyQfW-XN3Le97uh2xZprW0loCfjqloJgtI45TahnSdHvVUVRcTDYghrtmIiT1M5PONNUs-DZN8141GIFDvDbCPf-va2Pw4YZ3zJ5wcnl2iTd1aXaTh2A3AbCh93kiujjSlfboNBHfOWv/s241/bullish.JPG" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="Forex Trading Tips" border="0" data-original-height="241" data-original-width="211" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKoLIIBmtFxUl9_s15z5I2DGYjB1iFym6ubn6_5h04XYZjXyQfW-XN3Le97uh2xZprW0loCfjqloJgtI45TahnSdHvVUVRcTDYghrtmIiT1M5PONNUs-DZN8141GIFDvDbCPf-va2Pw4YZ3zJ5wcnl2iTd1aXaTh2A3AbCh93kiujjSlfboNBHfOWv/s16000/bullish.JPG" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table></p><p class="MsoNormal" style="line-height: 21.6pt; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><br /></p><p class="MsoNormal" style="line-height: 21.6pt; margin-bottom: .0001pt; margin-bottom: 0in; vertical-align: baseline;"><b><span style="border: none windowtext 1.0pt; font-family: "Arial","sans-serif"; font-size: 18.0pt; mso-border-alt: none windowtext 0in; mso-fareast-font-family: "Times New Roman"; padding: 0in;">Our forecast is Bullish for the </span></b><b><span style="border: 1pt none windowtext; font-family: Arial, "sans-serif"; font-size: 18pt; padding: 0in;">EUR/USD pair.<br /></span></b></p><div class="separator" style="clear: both; text-align: center;"><b><br /></b></div><b><br /></b><p></p><span class="fullpost">
</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2457460270173605138.post-76242069945891975952018-12-09T10:02:00.001-08:002018-12-09T10:02:57.377-08:00EUR/USD FORECAST – 10th – 14th December, 2018. – Forex Trading Tips.<div class="MsoNormal">
<b>The Euro/Dollar walked in a narrow space and stocks went
down last week due to Brexit and <st1:country-region>Italy</st1:country-region>’s
concerns. This week’s main concern is the ECB decision. Look for these
highlights and technical levels for the week of 10 to 14, December.</b><o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
* All times are GMT<o:p></o:p></div>
<div class="MsoNormal">
German Trade Balance – Monday at <st1:time hour="19" minute="0">7:00</st1:time><o:p></o:p></div>
<div class="MsoNormal">
Sentix Investor Confidence – Monday at <st1:time hour="9" minute="30">9:30</st1:time><o:p></o:p></div>
<div class="MsoNormal">
French Final Private Payrolls – Tuesday at <st1:time hour="18" minute="30">6:30</st1:time><o:p></o:p></div>
<div class="MsoNormal">
German ZEW Economic Sentiment – Tuesday at <st1:time hour="10" minute="0">10:00</st1:time><o:p></o:p></div>
<div class="MsoNormal">
Industrial Production – Wednesday at <st1:time hour="10" minute="0">10:00</st1:time><o:p></o:p></div>
<div class="MsoNormal">
German Final CPI – Thursday at <st1:time hour="19" minute="0">7:00</st1:time><o:p></o:p></div>
<div class="MsoNormal">
French Final CPI – Thursday at <st1:time hour="19" minute="45">7:45</st1:time><o:p></o:p></div>
<div class="MsoNormal">
ECB rate decision – Thursday at <st1:time hour="12" minute="45">12:45</st1:time><o:p></o:p></div>
<div class="MsoNormal">
press conference at <st1:time hour="13" minute="30">13:30</st1:time><o:p></o:p></div>
<div class="MsoNormal">
Flash PMI’s – Friday<o:p></o:p></div>
<div class="MsoNormal">
<st1:country-region>France</st1:country-region>
- <st1:time hour="8" minute="15">8:15</st1:time> <o:p></o:p></div>
<div class="MsoNormal">
<st1:country-region>Germany</st1:country-region>
– <st1:time hour="8" minute="30">8:30</st1:time><o:p></o:p></div>
<div class="MsoNormal">
Euro-zone - 9:00 <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: large;"><b>Support and Resistance levels for EUR/USD (Technical and
Historical levels Analysis) – Forex Trading Tips</b></span><o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: large;">Resistance Levels</span></div>
<div class="MsoNormal">
1.1650</div>
<div class="MsoNormal">
1.1615</div>
<div class="MsoNormal">
1.1500</div>
<div class="MsoNormal">
1.1475</div>
<div class="MsoNormal">
1.1415</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: large;">Support Levels</span></div>
<div class="MsoNormal">
1.1325</div>
<div class="MsoNormal">
1.1300</div>
<div class="MsoNormal">
1.1270</div>
<div class="MsoNormal">
1.1215</div>
<div class="MsoNormal">
1.1110</div>
<div class="MsoNormal">
1.1025</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: large;"><b>We remain Bearish on EUR/USD pair.</b></span><o:p></o:p></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJPKpTuh_0kY1RKED2MYvUYOyI2NBZIUgYqHBNw38xGA2EEsxenQ7BHxltQT2k_0NVZYckXY_dfH1RNI_L5pRTjsYE_nU0tqfIi-ms_d2U0IVdvITXtBYlBwz0PqN0ZuueFjbY2uc5tXU/s1600/Bearish.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="316" data-original-width="350" height="180" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJPKpTuh_0kY1RKED2MYvUYOyI2NBZIUgYqHBNw38xGA2EEsxenQ7BHxltQT2k_0NVZYckXY_dfH1RNI_L5pRTjsYE_nU0tqfIi-ms_d2U0IVdvITXtBYlBwz0PqN0ZuueFjbY2uc5tXU/s200/Bearish.jpg" width="200" /></a></div>
<div class="MsoNormal">
<span style="font-size: large;"><b><br /></b></span></div>
<span class="fullpost">
</span>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-2457460270173605138.post-57163247667541533922018-12-02T08:30:00.000-08:002018-12-02T08:30:16.642-08:00EUR/USD FORECAST – 3rd – 7th December, 2018. – Forex Trading Tips.<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<br /></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">The
EUR/USD pair was pulled down by Italian headlines and strengthening of USD.
While the spotlight is on the PMI data, </span><span style="border: none windowtext 1.0pt; color: #19232d; font-family: inherit; font-size: 13.0pt; font-weight: normal; mso-bidi-font-family: Arial; mso-border-alt: none windowtext 0in; padding: 0in;">look for
these highlights and technical levels for the week of 3<sup>rd</sup> to 7<sup>th</sup>
December.</span><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"><o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 12.0pt; font-weight: normal;"> </span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">Manufacturing
PMI’s<o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<st1:country-region><st1:place><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"> Spain</span></st1:place></st1:country-region><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"> – Monday at </span><st1:time hour="8" minute="15"><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">8:15</span></st1:time><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"><o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<st1:country-region><st1:place><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"> Italy</span></st1:place></st1:country-region><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"> – Monday at </span><st1:time hour="8" minute="45"><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">8:45</span></st1:time><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"><o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<st1:country-region><st1:place><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"> France</span></st1:place></st1:country-region><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"> – Monday at </span><st1:time hour="8" minute="50"><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">8:50</span></st1:time><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"><o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<st1:country-region><st1:place><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"> Germany</span></st1:place></st1:country-region><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"> – Monday at </span><st1:time hour="8" minute="55"><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">8:55</span></st1:time><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"><o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"> Euro-Zone
– Monday at </span><st1:time hour="9" minute="0"><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">9:00</span></st1:time><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"><o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">Sentix
Investor Confidence – Monday at </span><st1:time hour="9" minute="30"><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">9:30</span></st1:time><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"><o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">Spanish
Unemployment Change – Tuesday at </span><st1:time hour="8" minute="0"><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">8:00</span></st1:time><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"><o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">PPI –
Tuesday at </span><st1:time hour="10" minute="0"><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">10:00</span></st1:time><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"><o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">Services
PMI’s – Wednesday<o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<st1:country-region><st1:place><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"> Spain</span></st1:place></st1:country-region><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"> – at </span><st1:time hour="8" minute="15"><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">8:15</span></st1:time><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"><o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<st1:country-region><st1:place><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"> Italy</span></st1:place></st1:country-region><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"> – at </span><st1:time hour="8" minute="45"><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">8:45</span></st1:time><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"><o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<st1:country-region><st1:place><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"> France</span></st1:place></st1:country-region><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"> – at </span><st1:time hour="8" minute="50"><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">8:50</span></st1:time><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"><o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<st1:country-region><st1:place><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"> Germany</span></st1:place></st1:country-region><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"> – at </span><st1:time hour="8" minute="55"><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">8:55</span></st1:time><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"><o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"> Euro-Zone
– at </span><st1:time hour="9" minute="0"><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">9:00</span></st1:time><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"><o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">Retail
Sales – Wednesday at </span><st1:time hour="10" minute="0"><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">10:00</span></st1:time><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"><o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">German
Factory Orders – Thursday at </span><st1:time hour="19" minute="0"><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">7:00</span></st1:time><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"><o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">German
Industrial Production – Friday at </span><st1:time hour="19" minute="0"><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">7:00</span></st1:time><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"><o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">French
Industrial Production – Friday at </span><st1:time hour="19" minute="45"><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">7:45</span></st1:time><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"><o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">French
Trade Balance – Friday at </span><st1:time hour="18" minute="45"><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">6:45</span></st1:time><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"><o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">GDP –
Friday at </span><st1:time hour="10" minute="0"><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">10:00</span></st1:time><span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"><o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"> </span></h1>
<h3 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d;"><span style="font-size: large;">Support
and Resistance levels for EUR/USD (Technical and Historical levels Analysis) –
Forex Trading Tips</span></span></h3>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"> <o:p></o:p></span></h1>
<h4 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13pt;">Resistance
Levels</span></h4>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">1.1650<o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">1.1615<o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">1.1500<o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">1.1430<o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">1.1325<o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">1.1300<o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;"> </span></h1>
<h4 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13pt;">Support
Levels</span></h4>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">1.1215<o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">1.1110<o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt; font-weight: normal;">1.1025<o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13.0pt;"> </span></h1>
<h3 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 13pt;">We
remain Bearish on EUR/USD pair.</span></h3>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4trds6z6Sin1Bo-TP4lfd1TMmyBCGq9P2lETYOnVa8nJ4MtXZSG9k9p9ZVh77zJLH5-cMIWGnFLBVM-bl75DD5kfnOArKVTU44KIEIl4jghaQyZN4njJoJRq9OmCEwizz578zHsOkCTw/s1600/Bearish.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="316" data-original-width="350" height="288" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4trds6z6Sin1Bo-TP4lfd1TMmyBCGq9P2lETYOnVa8nJ4MtXZSG9k9p9ZVh77zJLH5-cMIWGnFLBVM-bl75DD5kfnOArKVTU44KIEIl4jghaQyZN4njJoJRq9OmCEwizz578zHsOkCTw/s320/Bearish.jpg" width="320" /></a></div>
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</span>Unknownnoreply@blogger.com4tag:blogger.com,1999:blog-2457460270173605138.post-44039954981473548192017-06-14T07:23:00.001-07:002017-06-22T04:36:42.666-07:00Dollar to Euro exchange rate difference and making Profits from it<div class="MsoNormal">
<span style="font-family: "verdana";">Yes, the exchange rate has
changed from yesterday, right?</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHqm5YnV_O6xdEphF9H_Yc9_xHI072Dqbo3lTkVde8PeD7Tsh1ivqafAxtg-rc2xd9knQnQ1Jxa82R6M-KSia4aBTY19Crn16xJZQL0q-xqbKAjaQiAUCJAe21E6XjQi-ebfPBu50ct3c/s1600/Dollar+Euro+Pound+currency+exchange+rate.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="dollar to euro; exchange rate; euro to dollar; pound to euro; pound to dollar; euro exchange rate; euro dollar; euro rate; eur usd; usd to euro; usd to eur; euro to pound; usd eur; dollar euro; dollars to pounds; dollar rate; euro to usd; eur to usd; Forex Economic Calendar; forex eur usd; forex dollar; forex day trading; forex usd; corrency forecast; forex trading software; euro dollar; eur usd technical analysis; currency pairs; forex pros; forex rates; eur usd analysis; eur usd daily forecast; news trader; pip forex; gbp forex news; currency chart; forex quotes; live forex rates; eur usd tips; live trading news; " border="0" data-original-height="364" data-original-width="517" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHqm5YnV_O6xdEphF9H_Yc9_xHI072Dqbo3lTkVde8PeD7Tsh1ivqafAxtg-rc2xd9knQnQ1Jxa82R6M-KSia4aBTY19Crn16xJZQL0q-xqbKAjaQiAUCJAe21E6XjQi-ebfPBu50ct3c/s320/Dollar+Euro+Pound+currency+exchange+rate.jpg" title="" width="320" /></a></div>
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<div class="MsoNormal">
<span style="font-family: "verdana";">In fact, the Dollar to
Euro rate is changing by fractions every moment. You can make a huge income
from these tiny little ups and downs of this USD to Euro or Pound to Euro rate,
if you are smart enough. You may have to spend some time to learn how to do it,
but you can do it without spending a dime. <o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: "verdana";">Certainly you may have
heard of Forex Trading. It simply opens the gate to average people like you and
I to earn a decent income, working at any time, any where we want. In the forex
trading industry, the fractional ups and downs of currency exchange rates are
calculated to the 4<sup>th</sup> or even 5<sup>th</sup> decimal place, and
trade currencies in a general virtual market collectively where all the buyers
and sellers connect online 24/5. The amounts of daily transactions are very
high, so small changes in currency exchange rates can make large sums of
profits. <o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: "verdana";">In order to do this, you
need an online trading platform. Its not rocket science, it helps you by
providing graphical views of currency exchange rates and tons of indicators,
tools and all that stuff. You also need the online trading platform to get in
and out of a trade. MT4 is one of the most used amongst thousands out there,
and your forex broker will provide you the online trading platform for
absolutely free, with all the training stuff you need.</span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJiZFbRE2vTeSUnQYHgGPzqX0mMOTkbmxqW_EOY2_LPUdvQtSgWNfnpSrfJZS0La2cPO6vO9gwmF_8WTABVk2r9GbpALq1UizWuUVo_1HKU6NMK5F010ysYR2xy8qOZMwURKJFIeW4MvE/s1600/Dollar+Euro+Pound+currency+exchange+rate+forex+brokers.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="dollar to euro; exchange rate; euro to dollar; pound to euro; pound to dollar; euro exchange rate; euro dollar; euro rate; eur usd; usd to euro; usd to eur; euro to pound; usd eur; dollar euro; dollars to pounds; dollar rate; euro to usd; eur to usd; Forex Economic Calendar; forex eur usd; forex dollar; forex day trading; forex usd; corrency forecast; forex trading software; euro dollar; eur usd technical analysis; currency pairs; forex pros; forex rates; eur usd analysis; eur usd daily forecast; news trader; pip forex; gbp forex news; currency chart; forex quotes; live forex rates; eur usd tips; live trading news;" border="0" data-original-height="640" data-original-width="751" height="272" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJiZFbRE2vTeSUnQYHgGPzqX0mMOTkbmxqW_EOY2_LPUdvQtSgWNfnpSrfJZS0La2cPO6vO9gwmF_8WTABVk2r9GbpALq1UizWuUVo_1HKU6NMK5F010ysYR2xy8qOZMwURKJFIeW4MvE/s320/Dollar+Euro+Pound+currency+exchange+rate+forex+brokers.jpg" title="" width="320" /></a></div>
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<span style="font-family: "verdana";"><br /></span></div>
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<span style="font-family: "verdana";">Forex broker is the institute
that provides facilities for you to take part of this exchange of Pound to Euro
or Dollar to Euro online. They also offer demo forex trading accounts with fake
money for you to practice. There are some Forex brokers who offer you free real
money to trade and make profits for yourself. You can collect over 250 USD free
welcome bonus real money to trade from <a href="http://theforexmasters.blogspot.com/p/free-bonus-sites.html"><span style="text-decoration-line: none;">these Forex brokers</span></a>,
I also have opened accounts and got bonuses very easily and continue to trade
using those free bonuses. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "verdana";"> After opening an account, the broker will give
you the link to download the trading platform. There are tons of websites,
blogs, videos, webinars and all to teach you the basics of Forex Trading and
you must follow and learn the basics, indicators and analyzing them as well.
Remember these indicators and technical drawings may have very big strange
names but when you start to use them you’ll see how simple they are.<o:p></o:p></span></div>
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgUGXeuuNUS0xek-ofyqr1rTfFVr03f3vpZGJoJnMOw4STWYO-Jk0MsgxeRQFMctZWziRtshKXywyFH8BLQ0VQWvm2FAh0mZG_rXvUd4D8_YF2wejc2jGJ3o7b2kKxLvFeqJ0n6V28wR4/s1600/Dollar+Euro+Pound+currency+exchange+rate+GBP+EUR.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="dollar to euro; exchange rate; euro to dollar; pound to euro; pound to dollar; euro exchange rate; euro dollar; euro rate; eur usd; usd to euro; usd to eur; euro to pound; usd eur; dollar euro; dollars to pounds; dollar rate; euro to usd; eur to usd; Forex Economic Calendar; forex eur usd; forex dollar; forex day trading; forex usd; corrency forecast; forex trading software; euro dollar; eur usd technical analysis; currency pairs; forex pros; forex rates; eur usd analysis; eur usd daily forecast; news trader; pip forex; gbp forex news; currency chart; forex quotes; live forex rates; eur usd tips; live trading news;" border="0" data-original-height="425" data-original-width="820" height="165" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgUGXeuuNUS0xek-ofyqr1rTfFVr03f3vpZGJoJnMOw4STWYO-Jk0MsgxeRQFMctZWziRtshKXywyFH8BLQ0VQWvm2FAh0mZG_rXvUd4D8_YF2wejc2jGJ3o7b2kKxLvFeqJ0n6V28wR4/s320/Dollar+Euro+Pound+currency+exchange+rate+GBP+EUR.jpg" title="" width="320" /></a></div>
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<span style="font-family: "verdana";"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "verdana";">Start using a forex demo account
first and test what you’ve learned. Stick with your strategies until you can
master them. A forex demo account only
differ from a real account by using just a number that looks like what you may
have in your real account as a capital. Forex broker will offer you leverage
from 1:100 to even 1:1000, so your free bonus is enough to make some profit to
start with. By this way, you won’t lose anything to try and learn this highly
profitable Dollar to Euro or Pound to Euro converting business. <o:p></o:p></span></div>
<div class="MsoNormal">
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<div class="MsoNormal">
<span style="font-family: "verdana";"><a href="http://theforexmasters.blogspot.com/p/free-bonus-sites.html"><span style="text-decoration-line: none;">Click here</span></a> to
receive a total of 250 USD free bonuses from tested top brokers.<o:p></o:p></span></div>
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<span style="font-family: "verdana";"><br /></span></div>
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<span style="font-family: "verdana";">Weekly technical level
forecasts of major currency pairs - <o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "verdana";"><a href="http://theforexmasters.blogspot.com/p/eur-f.html"><span style="text-decoration-line: none;">EUR/USD</span></a>
<a href="http://theforexmasters.blogspot.com/p/audusd.html"><span style="text-decoration-line: none;">AUD/USD</span></a> <span style="text-decoration-line: none;"><a href="http://theforexmasters.blogspot.com/p/cad-forecast.html">USD/CAD</a></span><o:p></o:p></span></div>
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<span style="font-family: "verdana";"><br /></span></div>
<span class="fullpost">
</span>Unknownnoreply@blogger.com5tag:blogger.com,1999:blog-2457460270173605138.post-47303657038523400932017-05-29T14:33:00.004-07:002018-10-17T07:24:20.040-07:00The most Popular Forex Trading Strategy – Trend Following.<span style="font-family: "verdana" , sans-serif;">Trend following is maybe the most popular long-term strategy in all monetary markets. It is exceptionally effective and beneficial when the conditions are favorable, is quite uncomplicated in its methodology, and there are many persons who have exercised this strategy to victory and riches. We must note that the technical part of trend following is in fact pretty easy, but also that it requires discipline, correct money management, and patience. We at Forex Trading Tips, believe trend following strategy is not short-term, and persistence and determination are as essential as correct analysis as an outcome. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCOb8RPdH4JuLs3sAbmlONTlUQ2tXI2KM7WNfJ4ejF4xnAp7BmzP0hQ1r1L6SHv9GQ1T_VhmDbUo-I6sXRO8368WfaqzvZUqilRkH371ZVu5vmGoLcukKw3W3yhNS99WFziU7zuOf_ogs/s1600/Forex+Trading+tips+2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="200" data-original-width="350" height="227" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCOb8RPdH4JuLs3sAbmlONTlUQ2tXI2KM7WNfJ4ejF4xnAp7BmzP0hQ1r1L6SHv9GQ1T_VhmDbUo-I6sXRO8368WfaqzvZUqilRkH371ZVu5vmGoLcukKw3W3yhNS99WFziU7zuOf_ogs/s400/Forex+Trading+tips+2.jpg" width="400" /></a></div>
<div>
<span style="font-family: "verdana" , sans-serif;"><br /></span><span class="fullpost" style="font-family: "verdana" , sans-serif;">
</span><br />
<div>
<span style="font-family: "verdana" , sans-serif;">Trends are produced by powerful underlying financial factors which may not be all that understandable to those who are unfamiliar with fundamental analysis. But the simple patterns formed by the price action in reaction to the economic events can often be identified through methods that are simple to learn and apply. Thus, the retail trader has as much possibility of success as skilled analyst if he can control his emotions and perform reasonably.</span><br />
<span style="font-family: "verdana" , sans-serif;"><br /></span>
<span style="font-family: "verdana" , sans-serif;">To apply this strategy we should first be aware of the existence of a trend. Without identifying a trend we would be gambling, and that’s not the idea of trading FX. Both fundamental and technical analysis can be engaged for identifying a trend, and both of them have their advantages and disadvantages. It is a good idea to use a mixture of them for deciding on the trend’s nature, and deciding on our entry and exit points.</span><br />
<span style="font-family: "verdana" , sans-serif;"><br /></span>
<span style="font-family: "verdana" , sans-serif;">To use trend following method, you must first decide whether you want to employ technical or fundamental analysis for your method, or a mixture of both.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfEDE_Q9Sf6GkTryI3vxj11VgUH8xcIO-x9NH6u078Ea_z8zd0rh_1RfsDx9r5P1l0vs2_VtzROq9ggDHwFbyp5sd8DisanYPFKb6_SOXGuNTDTeEKe0YbDNPSTaxBMLQFtbSjZcX08d8/s1600/Forex+Trading+tips.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="348" data-original-width="600" height="230" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfEDE_Q9Sf6GkTryI3vxj11VgUH8xcIO-x9NH6u078Ea_z8zd0rh_1RfsDx9r5P1l0vs2_VtzROq9ggDHwFbyp5sd8DisanYPFKb6_SOXGuNTDTeEKe0YbDNPSTaxBMLQFtbSjZcX08d8/s400/Forex+Trading+tips.jpg" width="400" /></a></div>
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<span style="font-family: "verdana" , sans-serif;">The fundamental analysis can supply you with information which can forecast the strength and length of a trend, while technical analysis can show you how it builds up. It is likely to base your strategy on one of these to the exclusion of the other, and it is still possible to turn a profit if you are lucky enough, but we have to reduce the role of luck to as slight as possible. Fundamental analysis is more trustworthy than technical analysis in defining a trend that has long term potential, but without technical analysis it would be very difficult to choose at what time or how to trade. Technical analysis can propose the start of a trend, but it’s unlikely to tell much about the length or strength of the same. Thus, we at Forex Trading Tips advise you may use both technical and fundamental methods for your trend following strategy, with fundamental factors removing the false signals of technical analysis, and technical tools provide you with a time-price frame for deciding on access points.<span class="fullpost">There are a lot of technical tools that can signal the existence of a trend, but there are an equal number of false signals generated by them. There are only three types of trends that can be present at any time: flat, up or down, and it is likely to consider of trends between any two points on a price chart. Simply take two casual points on a price chart, draw a moving average on it and the pattern that comes up can be analyzed as a trend. Thus it is always essential to have at least some basic understanding of the financial factors that can generate trends, before deciding on the accuracy of a chart pattern. You can do that by familiarizing yourself with the big picture; understand what drives market contributors; be aware of the stage of the trade cycle.<br /><br />A trend can be formed when there is some motivating certainty behind the price action which allows the trader to easily identify it visually. The trend that we search to trade is dissimilar from random variations, range patterns and comparable price movements in that the price itself, in the absence of any technical indicator, can still be recognized as showing a trend. Consecutive highs and lows should represent a rising or falling pattern in an uptrend or downtrend respectively, with relatively few irregularities. But such a case is frequently a rarity, and the trader will have to back his technical patterns with assurance that may only be gained through fundamental analysis.</span></span><br />
<span style="font-family: "verdana" , sans-serif;"><span class="fullpost"><br />Even though a trend can be identified without any technical tools, we still need technical tools to trade it, and time it. The main principle of a trend following strategy is, recognize the trend, identify counter-trend moves, and use them to enter a trade in the direction of the trend. Market timing in the background of a trend, with the intention of picking the counter-trend extremes, and using them to enter a trade, is required and beneficial. Also we at </span>Forex Trading Tips want you to remember market timing never works when one is trying to expect reversal points on only a technical basis. The basement of all trading is to utilize short-term irrational behaviors of the market in order to enter into long-term positions in positive alignment with basics. </span><br />
<span style="font-family: "verdana" , sans-serif;"><br /></span>
<span class="fullpost" style="font-family: "verdana" , sans-serif;">A trend follower should maintain his position for as long as the fundamental reasons that support the trend are leading. A trader can use technical patterns to time his exit point when he cannot recognize those reasons, or if he doesn’t trust for some unfathomable reason, that they are functional. Even if the trader is attentive to the fundamental reasons, and is able to calculate them correctly, technical analysis can provide him with a very useful early advice system. If the price action is suggesting powerfully that there’s some fault in the trader’s fundamental point of view, he can use the technical signals as an occasion to have another look at his fundamental picture. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiP9faTVpTy6uTfemfeitZxHhQjXrTzKmsTf26Iya-Fyx3R7qyr-72o0fxMI6I-YAak4ON6fXaV4KkG8ExRwXuEyeuEelfsY4BGDdt9TU6kNbc5ZMhMVxXJdr0TCE54fX5KwAlWwrcV4pc/s1600/Forex+Trading+tips+3.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="368" data-original-width="450" height="325" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiP9faTVpTy6uTfemfeitZxHhQjXrTzKmsTf26Iya-Fyx3R7qyr-72o0fxMI6I-YAak4ON6fXaV4KkG8ExRwXuEyeuEelfsY4BGDdt9TU6kNbc5ZMhMVxXJdr0TCE54fX5KwAlWwrcV4pc/s400/Forex+Trading+tips+3.jpg" width="400" /></a></div>
<span class="fullpost" style="font-family: "verdana" , sans-serif;"><br /></span>
<span class="fullpost" style="font-family: "verdana" , sans-serif;"><br />The best tools for trend following are produced by moving averages with simple price charts. Bar charts, candlesticks and many others can be similarly useful if engaged with moving averages. For instance, between October, 2007 and May 2008, the price action of USD/SGD always stayed below the 100-day moving average. And when the pattern collapsed, in June 2008, the trend had also broken down, and the price went on to crack the 200-day average, and a medium-term rising trend was formed. It is also possible to use changing average crossovers, and countless other methods, but any method you decide to use, we at Forex Trading Tips warn, you must ensure that you do not obscure the main feature of your strategy, which is trend following.</span><br />
<span class="fullpost" style="font-family: "verdana" , sans-serif;"><br />If you are a weekly or daily basis trader, the 100-day MA will most likely be able to capture the majority of the main trends for you. Anything with a longer time frame is likely to be insignificant because of too much data discarded, and a shorter time frame that is way below the 100-day period may be too responsive to price action. But as usual, one can use other timeframes below 100, given that he doesn’t mess his monitor with lots of indicators, charts and tools.</span><br />
<span class="fullpost" style="font-family: "verdana" , sans-serif;"><br />When trend following, placements of stop-losses and take profit orders depend on the term and environment of your method. A stop-loss order can be placed a short distance above or below the trend line, whether it is presented by the moving average, or a simple line drawn on the chart. And the trend follower should not recognize his profits until he has a very good explanation to do so. The principle of this strategy is to focus on underlying price dynamics by stripping out instability and short term movements, and there is little reason to realize profits in response to variation which are irrelevant to the core action of the trend. So the conclusion is to go as far as the trend goes and then you can take your profits. You can use the market analysis to decide how far a trend goes, but it’s far better to discover the fundamental reasons behind a trend, and then to exit the trade once those causes are no longer sustainable.</span><br />
<span class="fullpost" style="font-family: "verdana" , sans-serif;"><br /></span>
<span class="fullpost" style="font-family: "verdana" , sans-serif;">Happy Trading.</span><br />
<span style="font-family: "verdana" , sans-serif;"><span class="fullpost">- </span>Forex Trading Tips</span></div>
</div>
<div>
<span class="fullpost"><br /></span></div>
Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-2457460270173605138.post-78394844455510089382017-05-28T06:25:00.004-07:002017-05-28T06:25:54.511-07:00FORECAST - EUR/USD - May 29 – June 02, 2017<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;"><a href="https://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/"><span style="color: windowtext; text-decoration-line: none;">Euro/Dollar </span></a>had
an upbeat week, as predictions keep on looking healthier in the euro-zone than
in the <st1:country-region>USA</st1:country-region>. The
approaching week features basically inflation figures and PMIs. Let’s see the highlights
of this week and a technical analysis for the EUR/USD pair.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">Monetary data - Monday, <st1:time hour="8" minute="0">8:00
GMT</st1:time>.</span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">Mario Draghi talks - Monday, <st1:time hour="13" minute="0">13:00
GMT</st1:time></span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">German Import Prices - Tuesday, <st1:time hour="18" minute="0">6:00 GMT</st1:time></span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">French Consumer Spending - Tuesday, <st1:time hour="18" minute="45">6:45 GMT</st1:time></span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">French GDP - Tuesday, <st1:time hour="18" minute="45">6:45
GMT</st1:time></span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">Spanish Flash CPI - Tuesday, <st1:time hour="19" minute="0">7:00
GMT</st1:time></span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">German CPI - Tuesday <st1:time hour="12" minute="0">12:00
GMT</st1:time></span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">German Retail Sales - Wednesday, <st1:time hour="18" minute="0">6:00 GMT</st1:time></span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">French CPI - Wednesday, <st1:time hour="18" minute="45">6:45
GMT</st1:time></span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">German Unemployment Change - Wednesday, <st1:time hour="19" minute="55">7:55 GMT</st1:time></span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">CPI (Euro Zone) (preliminary) - Wednesday, <st1:time hour="9" minute="0">9:00 GMT</st1:time></span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">Unemployment Rate - Wednesday, <st1:time hour="9" minute="0">9:00
GMT</st1:time></span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">Manufacturing PMIs - Thursday morning: <st1:country-region>Spain</st1:country-region>
- <st1:time hour="19" minute="15">7:15</st1:time>, <st1:country-region>Italy</st1:country-region>
- <st1:time hour="19" minute="45">7:45</st1:time>, <st1:country-region>France</st1:country-region>
- <st1:time hour="19" minute="50">7:50</st1:time>, <st1:country-region>Germany</st1:country-region>
- <st1:time hour="19" minute="55">7:55</st1:time>, and the all-European update
at <st1:time hour="8" minute="0">8:00 GMT</st1:time></span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">Spanish Unemployment Change - Friday, <st1:time hour="19" minute="0">7:00 GMT</st1:time></span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">PPI - Friday, <st1:time hour="9" minute="0">9:00 GMT</st1:time></span></div>
<h3>
<span style="font-family: Verdana, sans-serif;">Support and Resistance levels for EUR/USD (Technical
Analysis)</span></h3>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">1.1420 - Strong Resistance</span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">1.1360 - Strong Resistance</span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">1.1300 - Strong Resistance (Round Number)</span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">1.1266 - Strong Resistance</span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">1.1160 - Strong Support</span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">1.1120 - Weak Support</span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">1.1000 - Strong Support (Round Number)</span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">1.0950 - Weak Support</span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">1.0870 - Strong Support</span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">1.0820 - Strong Support<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">1.0775 - Weak Support</span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">1.0720 - Strong Support</span></div>
<div class="MsoNormal">
<span style="font-family: Verdana, sans-serif;">1.0660 - Strong Support</span></div>
<h4>
<span style="font-size: 12pt;"><span style="font-family: Verdana, sans-serif;">We remain bullish for EUR/USD.</span></span></h4>
<span class="fullpost">
</span><br />
<div>
<span style="font-size: 12pt;"><span style="font-family: Verdana, sans-serif;"><br /></span></span></div>
Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-2457460270173605138.post-43337303261432662992017-05-21T11:03:00.003-07:002017-05-21T11:03:46.488-07:00FORECAST - EUR/USD - May 22 -26, 2017<div class="MsoNormal">
Euro/Dollar reached the uppermost in six months, generally
because of the weakness of the USD. The USD was declining as President Trump
was surrounded by more scandals. The fears of delaying of growth friendly
policies made the dollar fall. German PMIs, and the minutes of ECB meeting stand
out in the past week. Let’s see the highlights of this week and a technical
analysis for the EUR/USD pair.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
German GDP (final) – Tuesday at <st1:time hour="18" minute="0">6:00 GMT</st1:time>. - According to the first release, the largest
economy of <st1:place>Europe</st1:place> grew by 0.6% q/q. That figure is likely to be confirmed.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
German Ifo Business Climate – Tuesday at <st1:time hour="8" minute="0">8:00 GMT</st1:time>. This figure reached <st1:metricconverter productid="112.9 in">112.9 in</st1:metricconverter> last month. Further rising
up to 113.1 points are expected for May.</div>
<br />
<div class="MsoNormal">
ECB Financial Stability Review – Tuesday at <st1:time hour="8" minute="0">8:00 GMT</st1:time>. The ECB publishes this report twice
a year.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Flash PMIs – Tuesday - <st1:country-region>France</st1:country-region>
at <st1:time hour="19" minute="0">7:00 GMT</st1:time>, <st1:country-region>Germany</st1:country-region>
at <st1:time hour="19" minute="30">7:30</st1:time> and <st1:time hour="8" minute="0">8:00 GMT</st1:time> for the euro-zone.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
German GfK Consumer Climate – Wednesday at <st1:time hour="18" minute="0">6:00 GMT</st1:time>. This 2000 strong consumer survey, past
the expectations in April, reaching 10.2 points. A repeat is expected now.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
ECB Meeting Minutes – Thursday at <st1:time hour="11" minute="30">11:30 GMT</st1:time>. </div>
<div class="MsoNormal">
<br /></div>
<h3>
Support and Resistance levels for EUR/USD (Technical
Analysis)</h3>
<div class="MsoNormal">
Technical lines from top to bottom:</div>
<div class="MsoNormal">
<o:p></o:p></div>
<div class="MsoNormal">
1.1420 - Strong Resistance</div>
<div class="MsoNormal">
1.1360 - Strong Resistance </div>
<div class="MsoNormal">
1.1300 - Strong Resistance</div>
<div class="MsoNormal">
1.1170 - weak Support<o:p></o:p></div>
<div class="MsoNormal">
1.1120 - weak Support</div>
<div class="MsoNormal">
1.1000 - Strong Support</div>
<div class="MsoNormal">
1.0950 - Strong Support</div>
<div class="MsoNormal">
1.0870 - Strong Support</div>
<div class="MsoNormal">
1.0820 - weak Support</div>
<div class="MsoNormal">
1.0775 - Strong Support</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
EUR/USD pair has had three major and growing lows in this
year. 1.0340, 1.0490 and <st1:metricconverter productid="1.0565 in">1.0565
in</st1:metricconverter> April. And on the topside, higher highs has appeared.
Last week, the EUR/USD breach above the channel limits, and pointing upwards.</div>
<div class="MsoNormal">
<br />
We remain bullish for EUR/USD.</div>
<span class="fullpost">
</span>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-2457460270173605138.post-73199215976672087562017-05-06T10:28:00.002-07:002017-05-06T10:28:40.399-07:00FORECAST - EUR/USD - May 8th -12th, 2017<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="border: none windowtext 1.0pt; color: #19232d; font-size: 14.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">FORECAST - EUR/USD - May 8<sup>th</sup>
-12<sup>th</sup>, 2017<o:p></o:p></span></h1>
<h1 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #19232d; font-size: 12.0pt; font-weight: normal;"> </span></h1>
<div style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<strong><span style="border: none windowtext 1.0pt; color: #606569; font-weight: normal; mso-border-alt: none windowtext 0in; padding: 0in;">Euro/Dollar climbed
up ahead of the French elections second round. Will it climb up even higher?
GDP and other events from the euro zone are coming up apart from the elections.
Here are some major events of this week and an a technical analysis for
EUR/USD.</span></strong><span style="border: none windowtext 1.0pt; color: #606569; mso-border-alt: none windowtext 0in; padding: 0in;"><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #606569;">The most recent polls look good for
centrist Macron, with <span style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">above 60% support</span>. This
may help the euro. Economic data also gave a boost: GDP grew by 0.5% in Quarter
1, showing increased growth. PMIs were OK, pointing to further growth and
retail sales were higher than expectations with 0.3%. In the </span><st1:country-region><st1:place><span style="color: #606569;">US</span></st1:place></st1:country-region><span style="color: #606569;">, the Fed left rates untouched and<span class="apple-converted-space"> </span><span style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">did not seem bothered about the
latest slowdown</span>. The Fed supported the dollar, but the euro had more
support.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="background: white; color: #606569;">Here are the
upcoming big events :<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="background: white; margin-left: 15.75pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in; vertical-align: baseline;">
<!--[if !supportLists]--><span style="color: #606569; mso-fareast-font-family: "Times New Roman";">1.<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span dir="LTR"><strong><span style="border: none windowtext 1.0pt; color: #606569; mso-border-alt: none windowtext 0in; padding: 0in;">French
elections round 2</span></strong><span style="color: #606569;">: Sunday, exit
polls are at </span></span><st1:time hour="18" minute="0"><span style="color: #606569;">18:00 GMT</span></st1:time><span style="color: #606569;">
and the results will release by the market open. The result in
the opinion polls was favorable to the centrist, diminishing the talk of wearing
down in his popularity. If the polls are as accurate as they were in the first
round, Macron is set for a huge victory. This will support markets about the forthcoming
parliamentary elections, giving Macron a possible majority that will enable
reforms. A victory with lower than 60% might cause worry, but still prevent Le
Pen becoming president. If she becomes the winner against all odds, the euro is
set to fall down against the USD. Le Pen desires </span><st1:country-region><st1:place><span style="color: #606569;">France</span></st1:place></st1:country-region><span style="color: #606569;"> to leave the euro and euro may not exist without </span><st1:country-region><st1:place><span style="color: #606569;">France</span></st1:place></st1:country-region><span style="color: #606569;">. <o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; margin-left: -2.25pt; vertical-align: baseline;">
<br /></div>
<div class="MsoNormal" style="background: white; margin-left: 15.75pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in; vertical-align: baseline;">
<!--[if !supportLists]--><span style="color: #606569; mso-fareast-font-family: "Times New Roman";">2.<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span dir="LTR"><strong><span style="border: none windowtext 1.0pt; color: #606569; mso-border-alt: none windowtext 0in; padding: 0in;">German
Factory Orders</span></strong><span style="color: #606569;">: Monday, </span></span><st1:time hour="18" minute="0"><span style="color: #606569;">6:00</span></st1:time><span style="color: #606569;">. </span><st1:country-region><st1:place><span style="color: #606569;">Germany</span></st1:place></st1:country-region><span style="color: #606569;"> is the industrial “backbone” of the zone. Factory orders
raised by 3.4% back in February.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; vertical-align: baseline;">
<br /></div>
<div class="MsoNormal" style="background: white; margin-left: 15.75pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in; vertical-align: baseline;">
<!--[if !supportLists]--><span style="color: #606569; mso-fareast-font-family: "Times New Roman";">3.<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span dir="LTR"><strong><span style="border: none windowtext 1.0pt; color: #606569; font-weight: normal; mso-border-alt: none windowtext 0in; padding: 0in;">Sentix Investor Confidence</span></strong><span style="color: #606569;">: Monday, </span></span><st1:time hour="8" minute="30"><span style="color: #606569;">8:30</span></st1:time><span style="color: #606569;">.
This survey has advanced well in recent months, reaching </span><st1:metricconverter productid="23.9 in"><span style="color: #606569;">23.9 in</span></st1:metricconverter><span style="color: #606569;"> the month of April, above expectations for the 4<sup>th</sup>
successive month.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; vertical-align: baseline;">
<br /></div>
<div class="MsoNormal" style="background: white; margin-left: 15.75pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in; vertical-align: baseline;">
<!--[if !supportLists]--><span style="color: #606569; mso-fareast-font-family: "Times New Roman";">4.<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span dir="LTR"><strong><span style="border: none windowtext 1.0pt; color: #606569; mso-border-alt: none windowtext 0in; padding: 0in;">German
Industrial Production</span></strong><span style="color: #606569;">: Tuesday, </span></span><st1:time hour="18" minute="0"><span style="color: #606569;">6:00</span></st1:time><span style="color: #606569;">. Like the factory orders, also industrial output has
been climbed in </span><st1:country-region><st1:place><span style="color: #606569;">Germany</span></st1:place></st1:country-region><span style="color: #606569;"> in February, growing 2.2%.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; vertical-align: baseline;">
<br /></div>
<div class="MsoNormal" style="background: white; margin-left: 15.75pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in; vertical-align: baseline;">
<!--[if !supportLists]--><span style="color: #606569; mso-fareast-font-family: "Times New Roman";">5.<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span dir="LTR"><strong><span style="border: none windowtext 1.0pt; color: #606569; font-weight: normal; mso-border-alt: none windowtext 0in; padding: 0in;">German Trade Balance</span></strong><span style="color: #606569;">: Tuesday, </span></span><st1:time hour="18" minute="0"><span style="color: #606569;">6:00</span></st1:time><span style="color: #606569;">. </span><st1:country-region><st1:place><span style="color: #606569;">Germany</span></st1:place></st1:country-region><span style="color: #606569;">’s large trade surplus helps a stronger euro. After two
months below the 20 billion mark, the surplus expanded again to 21 billion in
February.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; vertical-align: baseline;">
<br /></div>
<div class="MsoNormal" style="background: white; margin-left: 15.75pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in; vertical-align: baseline;">
<!--[if !supportLists]--><span style="color: #606569; mso-fareast-font-family: "Times New Roman";">6.<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span dir="LTR"><strong><span style="border: none windowtext 1.0pt; color: #606569; mso-border-alt: none windowtext 0in; padding: 0in;">French
CPI (final)</span></strong><span style="color: #606569;">: Tuesday, </span></span><st1:time hour="18" minute="45"><span style="color: #606569;">6:45</span></st1:time><span style="color: #606569;">. According to the preliminary read for April, prices increased
by only 0.1% m/m, against the all-European movement. That will likely be
confirmed now.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; vertical-align: baseline;">
<br /></div>
<div class="MsoNormal" style="background: white; margin-left: 15.75pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in; vertical-align: baseline;">
<!--[if !supportLists]--><span style="color: #606569; mso-fareast-font-family: "Times New Roman";">7.<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span dir="LTR"><strong><span style="border: none windowtext 1.0pt; color: #606569; mso-border-alt: none windowtext 0in; padding: 0in;">French
Industrial Production</span></strong><span style="color: #606569;">: Tuesday, </span></span><st1:time hour="18" minute="45"><span style="color: #606569;">6:45</span></st1:time><span style="color: #606569;">. Industrial output in the euro-zone’s second-largest
economy fallen by 1.6% in February. We might see a bounce now.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; vertical-align: baseline;">
<br /></div>
<div class="MsoNormal" style="background: white; margin-left: 15.75pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in; vertical-align: baseline;">
<!--[if !supportLists]--><span style="color: #606569; mso-fareast-font-family: "Times New Roman";">8.<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span dir="LTR"><strong><span style="border: none windowtext 1.0pt; color: #606569; mso-border-alt: none windowtext 0in; padding: 0in;">French
Trade Balance</span></strong><span style="color: #606569;">: Wednesday, </span></span><st1:time hour="18" minute="45"><span style="color: #606569;">6:45</span></st1:time><span style="color: #606569;">. Opposing to </span><st1:country-region><st1:place><span style="color: #606569;">Germany</span></st1:place></st1:country-region><span style="color: #606569;">, </span><st1:country-region><st1:place><span style="color: #606569;">France</span></st1:place></st1:country-region><span style="color: #606569;"> has a deficit in its trade balance. This shortage has
widened to 6.6 billion in February.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; vertical-align: baseline;">
<br /></div>
<div class="MsoNormal" style="background: white; margin-left: 15.75pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in; vertical-align: baseline;">
<!--[if !supportLists]--><span style="color: #606569; mso-fareast-font-family: "Times New Roman";">9.<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span dir="LTR"><strong><span style="border: none windowtext 1.0pt; color: #606569; mso-border-alt: none windowtext 0in; padding: 0in;">ECB
Economic Bulletin</span></strong><span style="color: #606569;">: Thursday, </span></span><st1:time hour="8" minute="0"><span style="color: #606569;">8:00</span></st1:time><span style="color: #606569;">. Two weeks after<span class="apple-converted-space"> </span><span style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">Draghi was positive about growth but uncertain about inflation</span>,
we will get more data from the ECB, the data they used for making their estimations.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; vertical-align: baseline;">
<br /></div>
<div class="MsoNormal" style="background: white; margin-left: 15.75pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in; vertical-align: baseline;">
<!--[if !supportLists]--><span style="color: #606569; mso-fareast-font-family: "Times New Roman";">10.<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span dir="LTR"><strong><span style="border: none windowtext 1.0pt; color: #606569; mso-border-alt: none windowtext 0in; padding: 0in;">EU
Economic Forecasts</span></strong><span style="color: #606569;">: Thursday, </span></span><st1:time hour="9" minute="0"><span style="color: #606569;">9:00</span></st1:time><span style="color: #606569;">. The European Commission releases its economic forecasts,
three times a year for growth and other measures. Given the current firming of
the economies, we can look forward to an upgrade of the forecasts this time.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; vertical-align: baseline;">
<br /></div>
<div class="MsoNormal" style="background: white; margin-left: 15.75pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in; vertical-align: baseline;">
<!--[if !supportLists]--><span style="color: #606569; mso-fareast-font-family: "Times New Roman";">11.<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span dir="LTR"><strong><span style="border: none windowtext 1.0pt; color: #606569; mso-border-alt: none windowtext 0in; padding: 0in;">German
GDP</span></strong><span style="color: #606569;">: Friday, </span></span><st1:time hour="18" minute="0"><span style="color: #606569;">6:00</span></st1:time><span style="color: #606569;">. This is the first release of the German Gross Domestic Product
for Q1 in 2017. By now, we had the all-European number, but any shocker from </span><st1:country-region><st1:place><span style="color: #606569;">Germany</span></st1:place></st1:country-region><span style="color: #606569;"> can change that figure easily, as </span><st1:country-region><st1:place><span style="color: #606569;">Germany</span></st1:place></st1:country-region><span style="color: #606569;"> is the largest economy. In Q4, </span><st1:country-region><st1:place><span style="color: #606569;">Germany</span></st1:place></st1:country-region><span style="color: #606569;"> grew by only 0.4%, slightly below expectations.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; vertical-align: baseline;">
<br /></div>
<div class="MsoNormal" style="background: white; margin-left: 15.75pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in; vertical-align: baseline;">
<!--[if !supportLists]--><span style="color: #606569; mso-fareast-font-family: "Times New Roman";">12.<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span dir="LTR"><strong><span style="border: none windowtext 1.0pt; color: #606569; mso-border-alt: none windowtext 0in; padding: 0in;">German
CPI (final)</span></strong><span style="color: #606569;">: Friday, </span></span><st1:time hour="18" minute="0"><span style="color: #606569;">6:00</span></st1:time><span style="color: #606569;">. Prices remained same in April according to
the flash data. This will likely be confirmed. The final German statistics added
into the all-European statistics.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; vertical-align: baseline;">
<br /></div>
<div class="MsoNormal" style="background: white; margin-left: 15.75pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in; vertical-align: baseline;">
<!--[if !supportLists]--><span style="color: #606569; mso-fareast-font-family: "Times New Roman";">13.<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span dir="LTR"><strong><span style="border: none windowtext 1.0pt; color: #606569; mso-border-alt: none windowtext 0in; padding: 0in;">French
Non-Farm Payrolls</span></strong><span style="color: #606569;">: Friday, </span></span><st1:time hour="9" minute="0"><span style="color: #606569;">9:00</span></st1:time><span style="color: #606569;">. This is a quarterly measure of employment. In quarter 4,
we had a growth rate of 0.4%, encouraging given the previous, slower quarters.
We now get the initial figure for Q1 2017.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; vertical-align: baseline;">
<br /></div>
<div class="MsoNormal" style="background: white; margin-left: 15.75pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in; vertical-align: baseline;">
<!--[if !supportLists]--><span style="color: #606569; mso-fareast-font-family: "Times New Roman";">14.<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;">
</span></span><!--[endif]--><span dir="LTR"><strong><span style="border: none windowtext 1.0pt; color: #606569; mso-border-alt: none windowtext 0in; padding: 0in;">Industrial
production</span></strong><span style="color: #606569;">: Friday, </span></span><st1:time hour="9" minute="0"><span style="color: #606569;">9:00</span></st1:time><span style="color: #606569;">. Industrial output dropped by 0.3% across the euro-zone.
Regardless of being released after the big countries will already have released
their figures, the publication still moves markets.<o:p></o:p></span></div>
<h4 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<strong><span style="border: none windowtext 1.0pt; color: #19232d; font-size: 12.0pt; font-weight: normal; mso-border-alt: none windowtext 0in; padding: 0in;"> </span></strong></h4>
<h4 style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<strong><span style="border: none windowtext 1.0pt; color: #19232d; font-size: 13.0pt; mso-border-alt: none windowtext 0in; padding: 0in;">EUR/USD Technical Analysis<o:p></o:p></span></strong></h4>
<div class="MsoNormal">
<br /></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #606569;">EUR/USD began the week trading over
support at 1.0870. The pair then made a move upwards, reaching new highs for
2017.<o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<br /></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<strong><span style="border: none windowtext 1.0pt; color: #606569; mso-border-alt: none windowtext 0in; padding: 0in;">Technical lines from top to
bottom:<o:p></o:p></span></strong></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<br /></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #606569;">1.1300 – Strong Resistance<o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #606569;">1.1120 – Strong Resistance<o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #606569;">1.1000 – Strong Resistance (psychological
level)<o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #606569;">1.0950 – weak Support<o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #606569;">1.0870 – Strong Support<o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #606569;">1.0820 – Strong Support<o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #606569;">1.0775 – Strong Support<o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #606569;">1.0720 – Strong Support<o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #606569;">1.0660 – Strong Support<o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<br /></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<strong><span style="border: none windowtext 1.0pt; color: #606569; font-weight: normal; mso-border-alt: none windowtext 0in; padding: 0in;">Uptrend
channel stays unbroken<o:p></o:p></span></strong></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<br /></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<span style="color: #606569;">Euro/Dollar has had three considerable
and rising lows in 2017: </span><st1:metricconverter productid="1.0340 in"><span style="color: #606569;">1.0340 in</span></st1:metricconverter><span style="color: #606569;"> the early of the year, 1.0490 in March and </span><st1:metricconverter productid="1.0565 in"><span style="color: #606569;">1.0565 in</span></st1:metricconverter><span style="color: #606569;"> April. Also on the topside, higher highs were emerged.
If this remains, Euro will go up than down.<o:p></o:p></span></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<br /></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">
<strong><span style="border: none windowtext 1.0pt; color: #606569; mso-border-alt: none windowtext 0in; padding: 0in;">We remain bullish on Euro/Dollar<o:p></o:p></span></strong></div>
<span class="fullpost">
</span>Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-2457460270173605138.post-67812593311294134752017-05-03T17:27:00.000-07:002017-05-03T17:27:02.937-07:00A Strategy for trade the Non-Farm Payroll Report<div class="MsoNormal">
The Non-Farm Payroll report normally affects all major
currency pairs, but two of the favorites among traders are EUR/USD and GBP/USD.
Because the fx market is open 24 hours a day, all traders have the capability
to trade the news event.<span class="apple-converted-space"> </span><br />
<br />
The method behind this strategy is to wait for the market to process the
information's significance. After the early swings have occurred, and after
market participants have had a little time to react on what the number means,
they will enter a trade in the trend of the dominating momentum. They wait for
a signal that indicates the market may have chosen a direction to take rates.
This avoids getting in too early and decreases the probability of being
whipsawed out of the market before the market has chosen a direction.<br />
<br />
<strong>The Rules</strong><br />
The strategy can be traded off of five- or 15-minute charts. For the rules and
examples a 15-minute chart will be used, although the same rules apply to a
five-minute chart. Signals may appear on different time frames, so stick with
one or the other.</div>
<div class="MsoNormal">
Nothing is done during the first bar after the NFP report (<st1:time hour="8" minute="30">8:30 to 8:45 a.m.</st1:time> in the case of the 15-minute
chart).<o:p></o:p></div>
<div class="MsoNormal">
The bar created at <st1:time hour="8" minute="30">8:30 to
8:45</st1:time> will be wide ranging. Traders wait for an inside bar to occur
after this initial bar (it does not need to be the very next bar). In other
words, they are waiting for the most recent bar's range to be completely inside
the previous bar's range.<o:p></o:p></div>
<div class="MsoNormal">
This inside bar's high and low rate sets up our potential
trade triggers. When a subsequent bar closes above or below the inside bar,
market participants take a trade in the direction of the breakout. They can
also enter a trade as soon as the bar moves past the high or low without
waiting for the bar to close. Whichever method you choose, stick to it.<o:p></o:p></div>
<div class="MsoNormal">
Place a 30-pip stop on the trade you entered.<o:p></o:p></div>
<div class="MsoNormal">
Make up to a maximum of two trades. If both get stopped out,
don't re-enter. The inside bar's high and low are used again for a second trade
if needed.<o:p></o:p></div>
<div class="MsoNormal">
The target is a time target. Generally, most of the move
occurs within four hours. Thus, traders exit four hours after their entry time.
A trailing stop is an alternative if traders wish to stay in the trade.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiyeKh9Xh_S1uL_LEGpcAnXjR34jj-5EZ1qe8K_bqvXA09Yyn2DSGi6p3UwCFOsvgXj8laXXlk_xDvjWa0CIIl7-T6ue5jSmE2J2bCY-1DXMKhYUFrVY8P8gnIyTMKHq55iA9FyJnWihWc/s1600/Untitled.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="366" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiyeKh9Xh_S1uL_LEGpcAnXjR34jj-5EZ1qe8K_bqvXA09Yyn2DSGi6p3UwCFOsvgXj8laXXlk_xDvjWa0CIIl7-T6ue5jSmE2J2bCY-1DXMKhYUFrVY8P8gnIyTMKHq55iA9FyJnWihWc/s640/Untitled.jpg" width="640" /></a></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Figure 1 shows a 15 minute chart for the GBP/USD set in GMT format, the
vertical line marks the <st1:time hour="8" minute="30">8:30 a.m. EST</st1:time>
(<st1:time hour="13" minute="30">1:30 p.m. GMT</st1:time>) release of the NFP
report. As you can see from the chart, there are three bars, or 45 minutes, of
back-and-forth action following the release. During this time, traders do not
trade until they see an inside bar. The inside bar has a square around it on
the chart. This bar's price range is fully contained by the previous bar.
Traders will enter when a bar closes higher or lower than the inside bar. The
next bar's close is circled, as that is their entry; it closed above the inside
bar's high. Their stop is 30 pips below the entry price, which is marked by a
solid black horizontal bar.</div>
<div class="MsoNormal">
<br />
Because their entry occurred at approximately at <st1:time hour="9" minute="45">9:45
a.m. EST</st1:time> (<st1:time hour="14" minute="45">2:45 p.m. GMT</st1:time>),
they will close out their position four hours later. By entering the trade at
1.4670 and exiting four hours later at 1.4820, 150 pips were captured while
risking only 30 pips. However, it should be noted that not every trade will be
this profitable.<span class="apple-converted-space"> </span><br />
<br />
<strong>Strategy Pitfall</strong><br />
While this strategy can be very profitable, it does have some pitfalls to be
aware of. For one, the market may move in one direction aggressively and thus
may be beginning to fade by the time we get an inside bar signal. In other
words, if a strong move occurs prior to the inside bar, it is possible a move
could exhaust itself before we get a signal. It is also important to note that
in high volatility times, even after waiting for a pattern setup, rates can reverse
quickly. This is why it very important to have a stop in place.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<strong>Summary</strong><br />
The logic behind this strategy of trading the NFP report is based on waiting
for a small consolidation, the inside bar, after the initial volatility of the
report has subsided and the market is choosing which direction it will go. By
controlling risk with a moderate stop we are poised to make a potentially large
profit from a huge move that almost always occurs each time the NFP is released.<o:p></o:p></div>
<span class="fullpost">
</span>Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-2457460270173605138.post-14588637684636109182015-07-18T21:43:00.005-07:002015-07-18T21:43:57.435-07:00EUR/USD Forecast for July 20 – 24, 2015.<!--[if gte mso 9]><xml>
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<div class="MsoNormal">
This EURUSD pair heads downwards mainly because the Greek
crisis especially after mid June. Since the dark clouds are still there, the
health of the Euro is on the line. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b>These are the main events that will affect the EUR/USD pair.</b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
1. German PPI – 20.07.2015 at 6.00 GMT</div>
<div class="MsoNormal">
<span style="mso-tab-count: 1;"> </span>Consumer
prices depend on Producer Prices, as 0% in May, and no change is expected in
June.</div>
<div class="MsoNormal">
2. Current Account - 20.07.2015 at 8.00 GMT</div>
<div class="MsoNormal">
<span style="mso-tab-count: 1;"> </span>Mainly
because of the German exports, euro zone keeps a large surplus. In April, the
amount was 22.3 billion, and is expected to rise up to 23.1 bn.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
3. Spanish Unemployment Rate - 21.07.2015 at 7.00 GMT</div>
<div class="MsoNormal">
<span style="mso-tab-count: 1;"> </span>Sitting
along with the Greece’s
level, 23.8% reported in the first quarter, a slight drop to around 22.5% is
expected.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
4. Consumer Confidence - 23.07.2015 at 14.00 GMT</div>
<div class="MsoNormal">
<span style="mso-tab-count: 1;"> </span>The
Eurostat’s official figure was at -6 points in May, and expected to be
unchanged.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
5. Flash PMIs - 24.07.2015 at 8.00 GMT (whole Euro Zone)</div>
<div class="MsoNormal">
<span style="mso-tab-count: 1;"> </span>Manufacturing
sector is expected to be unchanged at 52.5, and a slight drop is expected in
services sector, from 54.4 to 54.2</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b>Technical levels for EUR/USD </b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
1.1200 - Strong Resistance</div>
<div class="MsoNormal">
1.1050 - Strong Resistance</div>
<div class="MsoNormal">
1.0910 - Weak Resistance</div>
<div class="MsoNormal">
1.0865 - Weak Resistance</div>
<div class="MsoNormal">
1.0815 - Weak Support</div>
<div class="MsoNormal">
1.0760 - Strong Support</div>
<div class="MsoNormal">
1.0715 - Weak Support</div>
<div class="MsoNormal">
1.0660 - Strong Support</div>
<div class="MsoNormal">
1.0615 - Strong Support</div>
<div class="MsoNormal">
1.0550 - Weak Support</div>
<div class="MsoNormal">
1.0462 - Very Strong Support (Lowest in 12 years)</div>
<div class="MsoNormal">
<br /></div>
<h3 class="MsoNormal">
We remain bearish on Euro / Dollar.</h3>
<h3>
</h3>
<h3 class="MsoNormal">
Mainly the Greece’s
situation and the European Central Bank is taking the easy measures of QE. </h3>
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</span>Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-2457460270173605138.post-22386597812086421712015-05-16T12:23:00.001-07:002015-05-16T12:26:32.695-07:00Free - No deposit bonus plus 100% deposit bonus from award winning forex broker!! <span class="fullpost"><!--[if gte mso 9]><xml>
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Unknownnoreply@blogger.com4tag:blogger.com,1999:blog-2457460270173605138.post-29708940201142570222013-04-15T07:07:00.000-07:002013-04-15T07:07:58.898-07:00EUR/USD Forecast April 15-19<!--[if gte mso 9]><xml>
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<b>The euro climbed for a second repeated week. As EUR/USD moved toward significant
resistance, could the Euro bounce back? </b>Last week, Euro zone statistics
continued to look weak but German readings were climbed. <br />
Keep a close look on these events :<br />
<ol start="1" type="1">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><b>Italian Trade Balance:</b>
<b>16-04-’13<span style="mso-spacerun: yes;"> </span>-<span style="mso-spacerun: yes;"> </span></b>9:00.</li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"> <b>German ZEW Economic
Sentiment: 16-04-’13<span style="mso-spacerun: yes;"> </span>-<span style="mso-spacerun: yes;"> </span></b>10:00.</li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><b>Inflation data: 16-04-’13<span style="mso-spacerun: yes;"> </span>-<span style="mso-spacerun: yes;">
</span></b>10:00.</li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><b>Mario Draghi speaks:
16-04-’13<span style="mso-spacerun: yes;"> </span>-<span style="mso-spacerun: yes;"> </span></b>14:00.</li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><b>G20 Meetings:</b> <b>18
& 19 -04-’13<span style="mso-spacerun: yes;"> </span></b></li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><b>German PPI: 19-04-’13<span style="mso-spacerun: yes;"> </span>-<span style="mso-spacerun: yes;">
</span></b>7:00.</li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><b>Current Account: 19-04-’13<span style="mso-spacerun: yes;"> </span>-<span style="mso-spacerun: yes;">
</span></b>9:00.</li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><b>IMF Meetings: 19 &
20-04-’13<span style="mso-spacerun: yes;"> </span></b></li>
</ol>
All times are in GMT<br />
<br />
<strong>EUR/USD Technical Analysis and EUR/USD Forecast</strong><br />
The EUR/USD started the week trading between the 1.2960 and 1.30 lines. It
then climbed up steadily, finally meeting resistance at 1.3140 before moving
back to close at 1.3111.<br />
<br />
<strong>Technical lines from top to bottom:</strong><br />
1.3400 – Strong Resistance<br />
1.3350 – weak Resistance<br />
1.3290 – weak Resistance<br />
1.3255 – Strong Resistance<br />
1.3170 – Strong Resistance<br />
1.3000 – Strong Support<br />
1.2960 – Strong Support<br />
1.2880 – weak Support<br />
1.2805 – weak Support<br />
<strong><span style="font-weight: normal;">1.2750</span></strong> – Strong
Support<br />
<br />
<strong>We remain neutral on EUR/USD at least shot term. The economic
indicators are not that good in the eurozone to remain a long term bullish
pattern.</strong><br />
<h3>
<strong>FX Empire’s technical forecast :</strong></h3>
<iframe width="560" height="315" src="http://www.youtube.com/embed/ZqAF4GuyOy8?rel=0" frameborder="0" allowfullscreen></iframe>
<h3>
<strong> </strong></h3>
<span class="fullpost">
</span>Unknownnoreply@blogger.com9tag:blogger.com,1999:blog-2457460270173605138.post-47239287463350660572013-04-08T09:36:00.000-07:002013-04-08T09:36:06.521-07:00EUR/USD Forecast for 08th to 12th April, 2013<!--[if gte mso 9]><xml>
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Past week, the ECB left interest rates untouched as estimated. The roller
coaster came in the press conference, where Draghi hinted on a rate cut, probably
within the next two months, but also provided a solid commitment to the Euro
project. The European Central Bank still believes the Euro zone will strengthen
this year, but will keep a close eye on the economy, to see if conditions keep
on to get worse. In light of a monetary attack from Japan
and no near end in sight to QE in the US
after the reduced Non-Farm Payrolls report, the euro is positively supported.<br />
<br />
<b>Keep a close look on these events :</b><br />
<ol start="1" type="1">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;">Sentix Investor
Confidence: 08-04-’13 - 9:30. </li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;">German Industrial
Production : 08-04-’13 - 11:00. </li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;">German Trade Balance: 09-04-’13
- <span style="mso-spacerun: yes;"> </span>7:00. </li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;">French Gov Budget Balance:
09-04-’13 - <span style="mso-spacerun: yes;"> </span>7:45. </li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;">French Industrial
Production: 10-04-’13 - 7:45. </li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;">Italian Industrial
Production: 10-04-’13 - 9:00.<b> </b> </li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;">French CPI: 11-04-’13
- 6:30. </li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;">ECB Monthly Bulletin: 11-04-’13
- 9:00. </li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;">German WPI: 12-04-’13
- 7:00. </li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;">Industrial Production: 12-04-’13
– 10:00. </li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;">Eurogroup Meetings: 12-04-’13
</li>
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;">ECOFIN Meetings: 13-04-’13 </li>
</ol>
<div class="MsoNormal" style="margin-left: .25in; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
*All times are GMT</div>
<div class="MsoNormal" style="margin-left: 0.25in;">
<br /></div>
<b>EUR/USD Technical Levels</b><br />
<br />
Euro/dollar was trading in a range, capped by the 1.2880 line. Things changed
on Thursday, as the pair dipped just below support at 1.2750, only to swing
higher. The 1.2960 line capped Euro/Dollar in the beginning, but in the end it rose
towards 1.3050 before closing just below 1.3000.<br />
<br />
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<br />
<b>Technical lines from top to bottom:</b><br />
1.3400 – Strong Resistance<br />
1.3350 – weak Resistance<br />
1.3290 – weak Resistance<br />
1.3255 – Strong Resistance<br />
1.3170 – Strong Resistance<br />
1.3130 – Strong Resistance<br />
1.3100 – weak Resistance <br />
1.3050 – weak Resistance<br />
1.2880 – weak Support<br />
1.2805 – weak Support<br />
1.2750 – Strong Support<br />
1.2700 – weak Support<br />
1.2660 – Strong Support<br />
1.2624 – Strong Support<br />
<br />
<b>We are neutral on Euro/Dollar</b><br />
<br />
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<br />
<b>FX Empire’s technical forecast : ( EUR/USD Forecast )</b><br />
<b><br /></b>
<br />
<iframe allowfullscreen="" frameborder="0" height="315" src="http://www.youtube.com/embed/uZQqLC9XuPc?rel=0" width="420"></iframe>
<span class="fullpost">
</span>Unknownnoreply@blogger.com14tag:blogger.com,1999:blog-2457460270173605138.post-50455292638127776922012-12-16T11:35:00.000-08:002012-12-16T11:35:07.950-08:00EUR/USD Forecast for 17th to 21st December, 2012<!--[if gte mso 9]><xml>
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<b><strong>The EURO had an outstanding week, eyeing levels last seen in the
month of May. </strong>The USD was damaged by the announcement of QE4 in the US.
Greece’s
situation certainly helped EURO, but Germany
shows some gloomy figures.</b><br />
<ol start="1" type="1">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><strong>Trade Balance :</strong>
17<sup>th</sup> Dec., 10:00 GMT.
The euro zone seasonally adjusted trade surplus widened to 11.3 billion
Euros, above analyst’s forecast for 9.5 billion Euros surplus. Exports
dropped 1.1% on September from 3.3% gain in August while imports declined
by 2.7% from 2.3% registered in August.</li>
</ol>
<ol start="2" type="1">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><strong>German Ifo Business
Climate : </strong>19<sup>th</sup> Dec., 9:00
GMT. This index climbed in November to 101.4, from 100 in
October, opposing to predictions of more decline in sentiment. The reading
may have been influenced by helpful data from the US
and China.
A climb to 101.9 is estimated now.</li>
</ol>
<ol start="3" type="1">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><strong>Current Account : </strong>19<sup>th</sup>
Dec., 9:00 GMT. The surplus of
the eurozone’s current account plunged to 0.8 billion euros in September
following 10.9 billion euros the August. The surplus over the 12 months to
September, exposed a surplus of 77.8 billion, compared with a shortfall of
7.6 billion in the same period last year. Current account surplus is projected
to rise to 5.8 billion.</li>
</ol>
<ol start="4" type="1">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><strong>German </strong>Producer
Price Index <strong>: </strong>20<sup>th</sup> Dec., 7:00 GMT. Producer Price Index remained unmoved in
October opposing to predictions of a 0.1% gain, following a 0.3% increase
in the earlier month. The 12 month decline in Producer Price Index was not
reflected in the core PPI; signifying output prices remain constrained by
weak domestic demand. The forecast is a <span style="mso-spacerun: yes;"> </span>decline of 0.1%.</li>
</ol>
<ol start="5" type="1">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><strong>NBB Business Climate
– </strong><strong>Belgium</strong><strong>
: </strong>20<sup>th</sup> Dec., 14:00 GMT.
Confidence among Belgian business leaders has grown in November to -13.4
from -13.5 in the previous month. Economists forecasted an un-changed reading.
Additional decline to -14.3 is forecasted.</li>
</ol>
<ol start="6" type="1">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><strong>Eurozone - Consumer
Confidence : </strong>20<sup>th</sup> Dec., 15:00
GMT. Euro zone consumer confidence fallen in last month to -27
following -25.7 in October caused by the debt crisis. Even under severe
cuts, a raise to -26 is projected now.</li>
</ol>
<ol start="7" type="1">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in;"><strong>GfK Consumer Climate
– </strong><strong>Germany</strong><strong>
: </strong>21<sup>st</sup> Dec., 7:00 GMT.
This indicator dropped in November to 5.9 from 6.1 in October, upon the current
debt crisis in the Union. Even with this decline,
the survey shows Germans do not fear recession. Household sentiment
remains to be acceptable and private expenditure is continuing to be
the main strength in the German economy. No change is estimated.</li>
</ol>
<h3>
<strong>Technical lines from top to bottom:</strong></h3>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3600 – Strong Resistance </span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3480 – Strong Resistance</span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3400 – Strong Resistance</span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3290 – Strong Resistance</span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3170 – Strong Resistance ( Keep an eye for </span></strong>break or
bounce )</div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3130 – Weak Resistance<span style="mso-tab-count: 2;"> </span></span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3000 – Strong Support<span style="mso-tab-count: 1;"> </span></span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.2880 – Strong Support<span style="mso-tab-count: 1;"> </span></span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.2750 – Strong Support<span style="mso-tab-count: 3;"> </span></span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.2690 – Strong Support</span></strong></div>
<h2>
<strong>We will stay bullish EUR/USD this week.</strong></h2>
<h2>
<strong> </strong></h2>
<span class="fullpost">
</span>Unknownnoreply@blogger.com4tag:blogger.com,1999:blog-2457460270173605138.post-63186363344731927222012-02-05T10:37:00.000-08:002012-02-05T10:37:58.537-08:00EUR/USD Forecast - 06.02.2012 to 10.02.2012EUR USD had a ‘sideways’ week upon the uncertainties of Greek debt crisis and talks about US QE3. We will get the results this week and it’s not a good idea to forecast EUR/USD without knowing the results of these two major facts.
We will not project this week’s behavior of the pair. Here are our technical levels.<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj6KZt2Im0Lr0nEIqsiXtiijTYYPeCMrbGKSSc4cs0uol7YOwsQZvvEUU8aBpwm_r3nNRt9p-gGi94MMeMe7Ba2e06HzFsQIWEHJ03bujwbLdNcG5qWbgdBRXVs6ysxhTq0Y2xay5TqWbA/s1600/EURUSD-06-10-02-2012.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="288" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj6KZt2Im0Lr0nEIqsiXtiijTYYPeCMrbGKSSc4cs0uol7YOwsQZvvEUU8aBpwm_r3nNRt9p-gGi94MMeMe7Ba2e06HzFsQIWEHJ03bujwbLdNcG5qWbgdBRXVs6ysxhTq0Y2xay5TqWbA/s640/EURUSD-06-10-02-2012.JPG" width="640" /></a></div>
Our Technical Levels are as follows :<br />
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<br />
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3800 – Strong Resistance </span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3700 – Strong Resistance</span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3615 – Strong Resistance</span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3550 – Strong Resistance</span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3450 – Strong Resistance</span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3330 – Weak Resistance<span style="mso-tab-count: 2;"> </span></span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3280 – Strong Resistance<span style="mso-tab-count: 1;"> </span></span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3212 – Strong Resistance<span style="mso-tab-count: 1;"> </span></span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3145 – Close of last week</span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3100 – Weak Support</span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3060 – Strong Support<span style="mso-tab-count: 1;"> </span></span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3023 – Weak Support</span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.2945 – Strong Support<span style="mso-tab-count: 1;"> </span></span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.2873 – Strong Support<span style="mso-tab-count: 3;"> </span></span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.2660 – Strong Support</span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.2623 – Strong Support</span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.2587 – Strong Support</span></strong></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;"></span></strong></div>
<div class="MsoNormal">
<span style="font-size: large;"><strong><span style="font-weight: normal;">We will be neutral for the EUR/USD</span></strong></span></div>
<span style="font-size: large;">
</span><div class="MsoNormal">
<br /></div>
<span style="font-size: large;">
</span><div class="MsoNormal">
<span style="font-size: large;"><strong><span style="font-weight: normal;">Greece</span></strong><strong><span style="font-weight: normal;"> and </span></strong><strong><span style="font-weight: normal;">Portugal</span></strong><strong><span style="font-weight: normal;"> are pulling Euro lower,
while the chance of QE3 sinks the Greenback. We will be neutral and see what
develops in the coming week.</span></strong></span></div>
<span style="font-size: large;">
</span><br />Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-2457460270173605138.post-32171691790275479532012-01-29T10:26:00.000-08:002012-01-29T10:26:07.274-08:00EUR/USD Forecast - 01.30.2012 to 02.03.2012<!--[if gte mso 9]><xml>
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<div class="MsoNormal">
<b><span style="font-size: small;"><strong><span style="font-weight: normal;">EURUSD had another excellent week, gaining over 350 pips almost
straight upwards. The single currency was helped by new hopes from </span></strong><strong><span style="font-weight: normal;">Greece</span></strong><strong><span style="font-weight: normal;"> and a weaker USD. The EU
economic summit starts an eventful upcoming week. Here is our projection for
the week, in a technical point of view. </span></strong></span></b></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEOnb5fuErBsYCRyJcQsLeRY90_Ug_PA5zDxcS2TTuSX5eXSbxzfu0l5yOV_SZ2x5yowk56E7Dr_st3KSvmdKIdXH3boQNB0SLPfOgc2sK1IVoyWMYpQ0sdlzGSwghxWwIUqbm4op0c5o/s1600/EURUSD-30-01-03-02-2012.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="328" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEOnb5fuErBsYCRyJcQsLeRY90_Ug_PA5zDxcS2TTuSX5eXSbxzfu0l5yOV_SZ2x5yowk56E7Dr_st3KSvmdKIdXH3boQNB0SLPfOgc2sK1IVoyWMYpQ0sdlzGSwghxWwIUqbm4op0c5o/s640/EURUSD-30-01-03-02-2012.JPG" width="640" /></a></div>
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</div>
<div class="MsoNormal">
<span style="font-size: small;"><b><strong><span style="font-weight: normal;">Here are our levels of supports and resistances. </span></strong></b></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3821 – Strong Resistance</span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3640 – Strong Resistance</span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3400 – Weak Resistance</span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3340 – Weak Resistance</span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3305 – Strong Resistance</span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3218 – Close of last week</span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3177 – Weak Support</span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3100 – Weak Support</span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.3080 – Strong Support</span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.2949 – Strong Support</span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.2853 – Strong Support</span></strong></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal; mso-bidi-font-weight: bold;">1.2631 – Strong Support</span></strong></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="font-size: large;"><strong><span style="font-weight: normal;">We remain Bullish on EUR/USD</span></strong></span></b></div>
<span style="font-size: large;">
</span><div class="MsoNormal">
<br /></div>
<span style="font-size: large;">
</span><div class="MsoNormal">
<span style="font-size: large;"><strong><span style="font-weight: normal;">Although they say the Greek crisis is far from over, </span></strong><strong><span style="font-weight: normal;">Europe</span></strong><strong><span style="font-weight: normal;"> is not only </span></strong><strong><span style="font-weight: normal;">Greece</span></strong><strong><span style="font-weight: normal;">. And the so called ‘safe
heaven’ has shaken last week. Since the economic indicators to be released this
week are projected in favors of Euro, we remain bullish for the pair for this
week.<span> </span></span></strong></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<strong><span style="font-weight: normal;"><a href="http://aud-fx.blogspot.com/" target="_blank"><b> Trade AUD/USD now !</b></a></span></strong></div>
<div class="MsoNormal">
<br /></div>
<span class="fullpost">
</span>Unknownnoreply@blogger.com4tag:blogger.com,1999:blog-2457460270173605138.post-6314707491897576852012-01-22T10:53:00.000-08:002012-01-22T10:56:02.471-08:00EURUSD Forecast - January 23-27, 2012<b>EUR / USD had a very healthy week (after a long time, I might
add), gaining 300 pips at the close. Time will tell if this is a new trend or
just a correction. We’ll have a look at the new events and a brief technical analysis.</b><br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwKgeVKDVg-pe8xhT_tZ5Ft9RAc14MIo3G2c0_kzsOQDte1ocRB7KkxpxAvx4bwDpisd7sZ4Nc9z5wVxtQpUdIsrEKcmVWK_5F2TdpMjciRNZtQNmaCPmlVrVeJxDHBm7_pyOEizUeSts/s1600/EURUSD-23-27-01-2012.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="475" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwKgeVKDVg-pe8xhT_tZ5Ft9RAc14MIo3G2c0_kzsOQDte1ocRB7KkxpxAvx4bwDpisd7sZ4Nc9z5wVxtQpUdIsrEKcmVWK_5F2TdpMjciRNZtQNmaCPmlVrVeJxDHBm7_pyOEizUeSts/s640/EURUSD-23-27-01-2012.JPG" width="640" /></a></div>
<br />
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>Consumer
Confidence</b>: 23.01.2012, 15:00.
This official Euro-stat survey has been negative, showing negativity for a long
time. It is estimated to indicate further down.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>Flash
PMI</b>: 24.01.2012. Starts in France
- 8:00, Germany
- 8:30 and ends with the all-European
information at 9:00. Purchasing
managers’ indices indicates growth, and are divided into manufacturing and
services sectors. German and French service sector records, all the rest are lower
than 50 points, pointing to reduction. The statistics are estimated to remain equal
to last month, showing a stressed services sector and a struggling manufacturing
sector. All the indicators are estimated slight improvement.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>Industrial
New Orders</b>: 24.01.2012, 10:00.
New orders with manufacturers dissatisfied in the past two months, and fell
short of expectations. After the smaller-than-expected rise of 1.8% last month,
a drop of 2.1% is predicted now.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>NBB
Business Climate</b>: 24.01.2012, 15:00.
This figure climbed up last month to -10.6 points. The negative figure symbolizes
weakening conditions. Another slight enhancement is likely, but the figure will
probable remain negative.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>German
Ifo Business Climate</b>: 25.01.2012, 9:00.
Signs of stabilization have been seen here, with the score increasing for two
months in a row. Another rise is expected from 107.2 to 107.7 points.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>Mario
Draghi talks</b>: 25.01.2012, 13:15.
The head of the ECB has had a positive impact on markets lately. This was seen
in his encouraging message in the latest rate decision press conference, and
with his announcement of seeing ‘signs of stabilization’ in the system. In a
speech at Davos, it will be exciting to see what Draghi says.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>German GfK
Consumer Climate</b>: 26.01.2012, 7:00.
This analysis of 2000 consumers was very stable recently. Germany
is not severely impacted by the debt crisis. The figure of 5.6 points seen in
the past two months will possibly remain the same.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>German
Import Prices</b>: 27.01.2012, 7:00.
German economy has seen fluctuations in currency prices with a see-saw like performance.
After last month’s climb of 0.4%, a further climb of 0.3% is expected now.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>M3
Money Supply</b>: 27.01.2012, 9:00.
Expansion in the quantity of money in exchange moves prices and economies.
After disappointing with a fall to 2%, a climb back to 2.3% is projected for
December.</div>
<div class="MsoNormal">
<br /></div>
* All times are GMT<br />
<br />
<b>EUR / USD Technical Analysis</b><br />
<br />
Last week :<br />
Opened with a 50 pips gap down, at 1.2632 and tested 1.2620 level.<br />
Dropped to 1.2625 immediately and then climbed, breach resistance at 1.2875<br />
Climbed to 1.2985 on Friday and Closed at 1.2932<br />
<br />
<b>Technical levels for the pair, AUD / USD.</b><br />
1.3280 - Strong Resistance<br />
1.3145 - Strong Resistance<br />
1.3074 - Strong Resistance<br />
1.2985 - Resistance (Reached last week)<br />
1.2874 - Strong Support<br />
1.2760 - Weak Support<br />
1.2660 - Weak Support<br />
1.2623 - Weak Support<br />
1.2587 - Strong Support<br />
<br />
<b>Downtrend channel broken</b><br />
<br />
EUR USD is trading in a parallel, but wide channel. Downtrend resistance is
more important than downtrend support, yet its fairly new. It was just broken,
and needs to be confirmed. Downtrend support begins in October, but is far from
the pair at the moment.<br />
<br />
After talks about the Greek haircut shattered last week, they started again
and it looks like they managed a deal. Further more, Spain’s
auctions retreated from the danger zone and helped the single currency. <br />
<br />
<span style="font-size: large;"><b>Slightly Bullish on EUR/USD</b></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">Greece seems
to have a breath with its debt deal, although it hurts banks. And the
successful Spanish auctions might open eyes of Italy.
The debt crisis is not over yet, but we would like to put our money on Euro for
this week. </span>Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-2457460270173605138.post-44713672838127942802012-01-15T10:01:00.000-08:002012-01-15T10:02:57.608-08:00EUR/USD Forecast for January 16 – 20, 2012EUR/USD<b> had another up and down week which ended in a new 16
month low. The forthcoming week features the significant ZEW survey and
inflation statistics plus other events. Here’s an outlook for the approaching
events, and an updated technical analysis for the pair.</b><br />
<br />
At the beginning, things went well for the euro – the single currency
enjoyed Draghi’s confidence concerning the accomplishment of the LTRO operation.
The aversion of a credit crunch is far from certain, after Friday’s
proceedings. France
lost its wonderful AAA rating, collectively with other euro-zone countries.
Further more, Greece
is on the edge of default after the talks regarding a haircut broke down. Will
the ECB substitute the private sector and take a hit on Greek bonds? Greek
banks are in bad shape than anticipated. Together with the collapse of Greek
PSI talks, the Greek troubles are not priced in.<br />
<br />
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>German
WPI</b>: Publication time unknown at the moment. Wholesale Price
Index in Europe’s #1 economy has seen a shocking jump in
prices last month, 0.7 percent. No change is likely now.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>German
ZEW Economic Sentiment</b>: Tuesday, 10:00.
This is one of Europe’s most significant surveys. After
9 successive drops, this 350 strong survey finally became stable, although at
low ground. The score of -53.8 reflects deep negativity and low prospect for
the economy. A fairly similar score is anticipated now. The less-important
euro-wide figure will probable remain around -54.1 points seen last month.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>CPI</b>:
Tuesday, 10:00. After a few stubborn
months at 3%, the CPI dropped to 2.8% (yearly) in the preliminary publication.
This will likely be established now. Core CPI will probably tick down from
1.6%. Note that the ECB pays less concentration to inflation now, and focuses
on growth and the debt crisis.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>Current
Account</b>: Thursday, 9:00. Europe’s
wide measure of the balance of goods, services, cash, etc. jumped to a deficit
of 7.5 billion euros last time. A lesser deficit is expected now.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>ECB
Monthly Bulletin</b>: Thursday, 9:00.
One week after the market moving rate conclusion, we will get to see the information
upon which policymakers were making their decisions. This will shed light on
how the central banks see the economy.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>German
PPI</b>: Friday, 7:00. Producer
prices in Germany
have stabilized and rose by very small numbers of late. No change is expected
after last month’s rise of 0.1%.</div>
<div class="MsoNormal">
<br /></div>
* All times are GMT<br />
<br />
<b>EUR/USD Technical Analysis</b><br />
<br />
EUR/USD began the week with a drop down to 1.2660. It then traded between
this line and the 1.2873 cap before falling as low as 1.2623 but closed above
the 1.2660 line.<br />
<br />
<b>Technical lines from top to bottom:</b><br />
1.3212 held the pair from falling and
switched to resistance later on. Very important resistance is at 1.3145
which was the lowest point recorded in October 2011, was only broken for a
short time from the other side.<br />
1.3085 was the top border of a very narrow range that characterized the pair
towards the end of 2011. It also provided support back in December 2010 and had
a pivotal role. The round number of 1.30 is psychologically important and also
worked as some support. After the breakdown, it was shattered and is now weak.<br />
<br />
The relatively new low of 1.2945 is still important, and now as clear
resistance. 1.2873 is the previous 2011 low set in January, and still provides
resistance. This was seen over and over again.<br />
1.2760 is a pivotal line in the middle of a recent range. It provided
support early in the year. 1.2660 was a double bottom during January and the
move below this line is not confirmed yet. 1.2623 is the current 2012 low,
but only has a minor role now.<br />
<br />
A more important line is 1.2587, the trough of August 2010. This line will
be closely watched on any move downwards. A break below this line will send the
pair to levels last seen 18 months ago.<br />
Even lower, 1.2520 is another minor support line, before the round number of
1.24, which was of importance a long time ago.<br />
<br />
1.2330 is also an ancient pivotal line, that now works as support. The last
important line for now is 1.2144.<br />
<br />
<b>Downtrend channel</b><br />
The pair can be seen as trading in a parallel, yet wide channel. Downtrend
resistance is more significant than downtrend support, even thought it dates
back only to December. Downtrend support starts in October, but is far from the
pair at the moment.<br />
<br />
<b>Remain bearish on EUR/USD</b><br />
The debt crisis has certainly worsened now. The breakup of talks between the
banks and Greece
paves the road for a Greek default, and it might turn ugly. Also the downgrade
of France and Austria
has severe consequences on the whole bailout concept, as the EFSF bailout fund
will likely see a downgrade.<br />
The ECB managed to buy time with the banks through the LTRO, but will have
to step up its efforts: either by taking a hit on its Greek bonds, or by buying
more peripheral bonds to help stabilize the system. Either way, this is a lose
lose situation for the euro, that is not fully priced in.<br />
<span class="fullpost">
</span>Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-2457460270173605138.post-20021379970175843982012-01-08T17:40:00.000-08:002012-01-08T17:40:34.194-08:00EUR/USD Forecast for January 09 – 13, 2012<!--[if gte mso 9]><xml>
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<strong>EURUSD dropped sharply as uncertainties around banks and
sovereigns strengthen in the euro year. The highlight of this week is the rate
decision by the ECB. Here is an outlook for the forthcoming events, and a
technical analysis for Eurodollar.</strong><br />
<br />
Troubles in Unicredit, gossips about issues at Deutsche Bank and the
expectation for a downgrade of France
all weigh on the euro, in addition to weak economic statistics from all over
the continent. Mean while, the US
continues seeing rise in jobs and a fall in unemployment. The IMF has suspicions
about Greece’s capability
to avoid default, and a German politician talks about a need for a bigger
haircut. This doesn’t promise well for the euro.<br />
<br />
<div class="MsoNormal" style="margin-left: .25in; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<strong>German Trade Balance</strong>: Monday, 7:00. Germany
usually enjoys a high excess in its balance of trade. After dipping surprisingly
from 15.1 to 12.6 billion, Germany’s
trade balance is estimated to remain unaffected this time, in the description
for November. </div>
<div class="MsoNormal" style="margin-left: 0.25in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<strong>Sentix Investor Confidence</strong>: Monday, 9:30. This survey of analysts and investors is
in negative region for 5 months already, plunging deeper each month. The same
level of distrust is expected to continue nearly unchanged, with the number
likely to tick up from -24 to -23.5 points.</div>
<div class="MsoNormal" style="margin-left: 0.25in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<strong>German Industrial Production</strong>: Monday, 11:00. The fresh report about a sharp dive in
factory orders lowers expectations for the country’s industrial production.
After increasing by 0.8% last month, a decrease of 0.4% is projected now.</div>
<div class="MsoNormal" style="margin-left: 0.25in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<strong>French Industrial Production</strong>: Tuesday, 7:45. The zone’s second major economy saw no
change last month. A modest increase of 0.1% is expected now.</div>
<div class="MsoNormal" style="margin-left: 0.25in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<strong>Final GDP</strong>: Wednesday, 9:00. According to the initial release, the euro-zone grows
by 0.2% in the third quarter of 2011. The final figure will almost certainly verify
this. The fourth quarter will likely show contraction.</div>
<div class="MsoNormal" style="margin-left: 0.25in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<strong>French CPI</strong>: Thursday, 6:30. Consumer prices most likely rose for the second
month in a row. December’s figure is expected to show a rise of 0.2%, a
downwards alteration from the first release, 0.3%.</div>
<div class="MsoNormal" style="margin-left: 0.25in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<strong>German Final CPI</strong>: Thursday, 7:00. According to the earlier release, prices
jumped by 0.7% after a few months of almost no changes. This will likely be
confirmed now.</div>
<div class="MsoNormal" style="margin-left: 0.25in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<strong>Industrial Production</strong>: Thursday, 10:00. This figure is published after Germany
and France
published their respective. However, the publication has a considerable impact
on the euro.</div>
<div class="MsoNormal" style="margin-left: 0.25in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<strong>Rate decision</strong>: Thursday, 12.45, press
conference at 13.30. After two consecutive rate cuts, Mario Draghi is expected
to oversee his initial judgment not to raise the rates. At 1%, the Minimum Bid
Rate is back to the low stage seen after the financial crisis. Another cut is preferred
by some members, despite inflation standing beyond target, yet this will possibly
wait. There is some possibility that the ECB will declare new measures to aid
the very troubled banks, adding to the 3 year unlimited and economical loans previously
announced. The earlier operation already saw a massive €489 billion tapping, but
it didn’t help the euro. </div>
<div class="MsoNormal" style="margin-left: 0.25in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<strong>Trade Balance</strong>: Friday, 10:00. The entire euro-zone saw two straight months of
trade surpluses. This will possibly continue now, with a surplus of 0.7
billion, less than last time.</div>
<div class="MsoNormal" style="margin-left: 0.25in;">
<br /></div>
* All times are in GMT<br />
<br />
<strong>EURUSD Technical Analysis</strong><br />
Euro/Dollar started the year with a nice climb but faced resistance at the
1.3060. It was all downward from there. After breaking 1.2945, this level
became resistance and the pair dipped beneath 1.27 to close at 1.2710.<br />
<br />
<strong>Technical lines for EUR/USD from top to bottom:</strong><br />
<br />
The level of 1.3380 is a minor pivotal line now once again. 1.3280 was the
bottom in December and is important resistance.<br />
Another line of concern is 1.3212 which held the eurusd from falling and transformed
to resistance later on. A key resistance is at 1.3145 which was the lowest
point seen in October was only broken for a short time from the other side.<br />
1.3085 was the top boundary of a very narrow range that characterized the
pair towards the end of the year 2011. It also provided support in December
2010 and had a pivotal character.<br />
The 1.3000 is psychologically important and also worked as some support.
After the breakdown, it was shattered. The fairly new low of 1.2945 is still vital
and now as clear resistance.<br />
1.2873 is the earlier 2011 low set in January, and still offer resistance.
1.2734 worked as support in 2010 and is the subsequent line below. It was
broken late in the week, but already managed to provide resistance.<br />
1.2640, is the next level of support, after providing support during the
fall of 2010. A more vital line is 1.2587, the trough of August 2010. This line
will be watched closely.<br />
Even lower, 1.2520 is another slight support, before the round number of
1.2400, which was of importance in the past.<br />
1.2330 is also an antique pivotal line and it now works as support. The last
significant line for the week is 1.2144.<br />
<br />
<strong>Downtrend channel</strong><br />
The downtrend channel we talked about last week can be seen widening,
and is stronger now after downtrend resistance stopped a recovery effort.
Downtrend resistance begins at October and has been widened to provide
accommodation to the changes.<br />
<br />
<span style="font-size: large;"><strong>Still Remain bearish on Euro / Dollar</strong></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">After two weeks of falls and severe short positioning, the euro may perhaps
look a bit oversold. However, all the facts points lower. The ECB’s actions are
not supporting the euro at this point. Greece
is nearer than ever to default, with Prime Minister Papademos talking about it,
and a haircut is too far and not sufficient. Italy’s
yields are also high and the banks are too in danger.</span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">S&P admits that its actions regarding France
are inappropriate, but the threatening French downgrade certainly weighs on the
Euro as well. </span><br />
<div class="MsoNormal">
<br /></div>
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</span>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-2457460270173605138.post-56874755350616432342012-01-03T11:44:00.000-08:002012-01-03T11:47:51.492-08:00EUR/USD Forecast for January 02 – 06, 2012<b><span style="font-size: xx-small;">fx crunch</span> </b><br />
<b>EUR/USD capped in a narrow range in the last week of 2011 but
in the end extended its losses for 2011. The first week of 2012 is filled with
economic indicators as market contestants return from their holidays. Here is
an outlook for the events pending, and an updated technical analysis for Euro /
Dollar.</b><br />
Italy had
another dreadful bond auction. It’s not that yields hopped, but if they continue
at current levels, the euro-zone’s third major country will find itself in a
debt trap that might be able to bring the whole system down. The currency pair
ended 2011, over 400 pips lesser.<br />
<br />
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>Final
Manufacturing PMI</b>: Monday, 9:00.
According to the early publication, the manufacturing sector is toning at a
slower speed than earlier, with the PMI at 46.9 points. This will probable be
confirmed now, and it replicates a 5th successive month of narrowing.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>German
Unemployment Change</b>: Tuesday, 8:55.
After one month of a climb in unemployment, the number fallen again, showing
the power of the German economy. A smaller fall than last month’s 20,000 is estimated
now – 9,000.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>French
Consumer Spending</b>: Wednesday, 7:45.
The euro-zone’s second largest economy has practiced no increase in consumer
spending last month, after very small changes earlier. An increase is expected
now, of 0.5%.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>Final
Services PMI</b>: Wednesday, 9:00.
The services sector is contracting at a slower pace than the manufacturing sector.
The primary score for December stood on 48.3 points. The figure is predicted to
be confirmed, showing a 4th consecutive month of contraction in services sector.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>CPI
Flash Estimate</b>: Wednesday, 10:00.
In the past three months, the inflation level stood on 3%. This was not enough
for the central bank to cut interest rates. Inflation is expected to drop
already now, but remain above the 2.00% target. 2.80% is the consensus.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>German
Retail Sales</b>: Europe’s greatest economy has
seen a miniature drop in the volume of sales last month. A return to expansion
is possible now, but this rise will likely be small, +0.3%.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>Industrial
New Orders</b>: Thursday, 10:00.
The total of new orders in the manufacturing sector dropped sharply last time:
6.2%. This was very disappointing. A rise of 2.6% is the forecast now, in this significant
figure.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>PPI</b>:
Thursday, 10:00. Producer prices are
moving little by little in current months. Last month saw a small rise of 0.1%,
and a parallel rise is likely now.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>Retail
Sales</b>: Friday, 10:00. This vital
consumer indicator improved from a drop two months ago and managed to rise by
0.3%. With a decelerate in many countries, a drop of 0.2% is expected now.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>Unemployment
Rate</b>: Friday, 10:00. After several
months without changes, the last three months saw a steady rise in the
unemployment rate, and this is quite disturbing. No change is expected from
last month’s 10.3% rate. </div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b>German
Factory Orders</b>: Friday, 11:00.
This is an extremely volatile indicator. After a plunge of 4.6% two months ago,
a leap of 5.2% was recorded last month. A rise of 1.5% is expected now. Despite
the high volatility, the indicator has a strong impact on the common currency.</div>
<div class="MsoNormal">
<br /></div>
* All times are GMT<br />
<br />
<b>EUR/USD Technical Analysis</b><br />
EUR/USD traded in a very thin range at the start of the week, around the
1.3060 line. It then took a drop and even dipped below the previous YTD low and
reached 1.2858. It ends 2011 on a low note.<br />
<br />
<b>Technical levels:</b><br />
1.3550 provided support early in September and then turned into resistance
after the fall. It proved it can act as good resistance as well, as seen after
the Non-Farm Payrolls. 1.3480 was able to stop an effort to rise in December.
It as well had a bi-directional function in September.<br />
The 1.3420 level is weaker now however still important. When this bottom edge
of the range was broken, it instantly switched to resistance. 1.3380
is the next line. It is a minor pivotal line now once again. 1.3280 was the
bottom in December and is key resistance.<br />
Another line of consideration is 1.3212 which held the pair from declining
and toggled to resistance afterward. Very vital resistance is at 1.3145
which was the lowest position seen in the current round of the crisis and was
only broken for a short time from the other side.<br />
1.3085 was the top boundary of a very narrow range that described the pair
towards the end of 2011. It also offered support in December 2010.<br />
The round number of 1.3000 is psychologically significant and also worked as
a level of support. After the collapse, it was shattered. The new low of 1.2945
is still essential as a pivotal line after the downwards move.<br />
1.2873 is the earlier 2011 low set in January, and still provides tough
support. The break was only momentary. 1.2734 worked as support in the summer
of 2010 and is the subsequent line below.<br />
1.2640, is a weaker level of support, after working as such through the fall
of 2010. The last is 1.2587, the trough of August 2010.<br />
<br />
<b>Downtrend channel</b><br />
A sharp and broadening downtrend channel can be visible on the graph,
and is stronger now after downtrend support offered support during the collapse.
Downtrend resistance started at the end of October and has been widened
to provide accommodation to the changes. Downtrend support was produced
later on but is more distinct – it wasn’t violated.<br />
<br />
<span style="font-size: large;"><b>Remain bearish on Euro / Dollar</b></span><br />
<span style="font-size: large;">As the New Year starts and all market contributors get back to their desks,
the decline in Europe, high funding costs of Italy
and no clarification to the debt crisis all point to lower ground. In the United
States, things are looking a little better.</span><br />
<br />
<span style="font-size: large;"><a href="http://aud-fx.blogspot.com/" target="_blank">TRADE AUD/USD NOW </a></span><br />
<span class="fullpost">
</span>Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-2457460270173605138.post-48207275373935061592011-12-25T10:40:00.000-08:002011-12-25T10:40:42.856-08:00EUR/USD Forecast December 26-30<!--[if gte mso 9]><xml>
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<br />
<div class="MsoNormal">
<b>FOREX CRUNCH :</b></div>
<strong>EUR / USD was under pressure before the holidays. The upcoming week,
between Christmas and New Years Eve, is very light in terms of events and
volume. Here is an outlook for the upcoming events, and an updated technical
analysis for EUR/USD.</strong><br />
<br />
The ECB weighed in with its enormous loans to the banks: more than 500
Euro-zone banks took loans that reached around 490 billion euros. The
confidence from this large operation was short-term. Peripheral bonds cannot
actually calm down without direct buying from the ECB.<br />
<br />
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<strong>German
CPI</strong><br />
Thursday. In the past four months, prices have barely moved in Europe’s
largest economy. After no change whatsoever in the past two months, a rise of
0.8% is estimated now. Note that the each German state publishes its CPI
estimation at a different hour during the day.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<strong>M3
Money Supply</strong><br />
Thursday, 9:00. After jumping to a
higher pace of 3.1% before two months, the growth of money in circulation eased
once again to 2.6%. Further drop is expected for November, to 2.5%.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<strong>Private
Loans</strong><br />
Thursday, 9:00. More loans represent
more economic movement. The pace of fresh loans has ticked up last month and
reached 2.7%, after publishing 2.5% beforehand. A climb to 2.8% is expected
now.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
(All
times are GMT)</div>
<br />
<strong>EUR / USD Technical Analysis</strong><br />
Euro/dollar traded in a fairly narrow range throughout the week. A break
above 1.3145 wasn’t complete and the pair fell, closing at 1.3046, nearly
unchanged from last week.<br />
<br />
<strong>Downtrend channel</strong><br />
A sharp and widening downtrend channel is visible on the graph, and is
stronger now subsequent to downtrend support provided support throughout the
downfall. Downtrend resistance begins at the end of October and has been
widened to accommodate to the changes. Downtrend support was formed afterward
on but is more distinct – it wasn’t violated.<br />
<br />
<strong>Remain neutral on EUR/USD</strong><br />
The great LTRO operation by the ECB prevented an immediate tragedy for the
European banks but didn’t solve the sovereign debt problem. This indirect QE
will likely buy time during the holiday week. In the long run, it’s a lose
lose situation for the euro.<br />
<br />
<a href="http://aud-fx.blogspot.com/" target="_blank">Trade Aussie Now !</a> <br />Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-2457460270173605138.post-11436323232557553542011-12-22T10:34:00.000-08:002011-12-22T10:34:05.079-08:00Markets still assess the impact of ECB money as euro area enter holiday mode and U.K. to exit with GDP<a href="http://www.fxstreet.com/fundamental/analysis-reports/top-fundamental-stories/2011/12/22/#.TvN4CILfnfA.blogger">Markets still assess the impact of ECB money as euro area enter holiday mode and U.K. to exit with GDP</a><br /><br /><span class="fullpost"></span>Unknownnoreply@blogger.com1