Live Trading News » Foreign Exchange

Singapore Dollar Weekly Preview

Shayne Heffernan — Sun, 19 May 2013 19:02:36 +0000

Singapore Dollar Weekly Preview Shayne Heffernan takes a look at Singapore Dollar trading for the week ahead. The Singapore dollar is undervalued next to the USD for now, a break above 1.26 is where I will recommence selling USD and buying SGD Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bearish Singapore Dollar [...]

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USD/JPY Weekly Outlook

Shayne Heffernan — Sun, 19 May 2013 18:41:20 +0000

USD/JPY Weekly Outlook Technical Outlook Short Term: Overbought Intermediate Term: Bearish Long Term: Bearish Our volume indicators reflect volume flowing into and out of JPY= at a relatively equal pace (Turning Bearish). Our trend forecasting oscillators are currently bullish on JPY but have had this outlook for the last 30 periods. Our momentum oscillator is [...]

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EUR/USD Outlook

Shayne Heffernan — Sun, 19 May 2013 18:31:38 +0000

EUR/USD Outlook Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bearish Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish. EUR is currently 1.3% below its 200-period moving average and is in an downward trend. [...]

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FX Trading With MetaStock XENITH FOREX

Shayne Heffernan — Sun, 19 May 2013 16:45:00 +0000

FX Trading With MetaStock XENITH FOREX The foreign exchange market is unique because of the following characteristics: its huge trading volume representing the largest asset class in the world leading to high liquidity; its geographical dispersion; its continuous operation: 24 hours a day except weekends, i.e., trading from 20:15 GMT on Sunday until 22:00 GMT [...]

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USD/ZAR South African Rand Outlook

Shayne Heffernan — Sun, 19 May 2013 13:34:30 +0000

USD/ZAR South African Rand Outlook Shayne Heffernan takes a look at the USD/ZAR USD/ZAR closed above the upper band by 10.6%. Although prices have broken the upper band and an upside breakout is possible, the most likely scenario is for the current trading range that ZAR is in to continue for now but reverse and [...]

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USD Long Position Spikes

Paul A Ebeling Jr — Sun, 19 May 2013 10:56:44 +0000

USD Long Position Spikes DXY, AUD, EUR, NZD USD/JPY: 103.12.. EUR/USD: 1.2832 The US Dollar Index broke through the 84.00 level early in Friday’s US session, hitting a high of 84.35 before pulling back slightly. The USD Index held near 84.24, closing at its best mark since July 2010. The net amount of investor cash [...]

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Forex, Trade Idea Update: GBP/USD – Sell at 1.5315

Paul A Ebeling Jr — Sun, 19 May 2013 10:53:46 +0000

Forex, Trade Idea Update: GBP/USD – Sell at 1.5315 Chart by Pro RealTime.com GBP/USD – 1.5201 Original strategy: Sell at 1.5335, Target: 1.5180, Stop: 1.5370 New strategy: Sell at 1.5315, Target: 1.5175, Stop: 1.5350 The Cable has retreated again after meeting resistance at 1.5323 Thursday, so, a break of last week’s low at 1.5173 is [...]

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Forex, EUR/USD Broke Down Consolidation Support, and Rising Trendline

Shayne Heffernan — Sun, 19 May 2013 10:50:07 +0000

Forex, EUR/USD Broke Down Consolidation Support, and Rising Trendline EUR/USD: 1.2796 Let’s look at the falling trendline that held after a relief rally retreated from 1.2930. The 16 May session saw EUR/USD stuck in consolidation, but the 17 May Friday US session saw some action as EUR/USD broke below the previous 1.2842 low. This broke [...]

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Japan: Yen Manipulation Fails Economy

Paul A Ebeling Jr — Sun, 19 May 2013 10:17:04 +0000

Japan: Yen Manipulation Fails Economy Japan’s real GDP grew by a seasonally adjusted 0.9% Q-Q in Q-1, led by strong consumption and exports. This was the fastest rate of expansion since Q-1 of Y 2012, when the Japanese economy grew by 1.3%. On an annualized basis, the measure often quoted in local and international media, [...]

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Japan In Doubt Over Currency Move

Paul A Ebeling Jr — Thu, 16 May 2013 17:32:14 +0000

Japan In Doubt Over Currency Move BOJ Discussing Potential Impact of Rise in Long-Term Rates Amid concern over a sudden rise in long-term interest rates, the Bank of Japan will discuss the related risks and potential effect on its 2% inflation target at its 2-day policy meeting next week, The Nikkei reported in its Friday [...]

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Japan Targets China, ASEAN in Currency War

Shayne Heffernan — Thu, 16 May 2013 09:33:11 +0000

Japan Targets China, ASEAN in Currency War The depreciation in the Japanese yen has greatly affected China’s exports to the country, although Japan’s quantitative easing measures are conducive to its domestic market recovery, the Ministry of Commerce said on Thursday. China’s currency the yuan strengthened 6.1 percent against the yen in April, while China’s exports [...]

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DXY Rallies After ZEW Survey

Paul A Ebeling Jr — Tue, 14 May 2013 18:44:15 +0000

DXY Rallies After ZEW Survey USD, GBP, EUR, JPY 10-Yr: +02/32..1.917%.. USD/JPY: 101.96.. EUR/USD: 1.2978 The US Dollar Index spent most of the overnight sessions attempting to hold the 83 mark. It was successful and now has launched to test 83.40. Helping drive the move was a weaker than expected ZEW Survey out of Germany [...]

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AUD Appears Fragile Ahead of Budget

Paul A Ebeling Jr — Tue, 14 May 2013 07:41:13 +0000

AUD Appears Fragile Ahead of Budget The Australian Dollar traded just below parity with the USD Tuesday ahead of the government’s 2013-14 budget which is expected to confirm a sharp deterioration in finances. The Australian Dollar was trading at US$0.9986–down from US$0.9994 late Monday. It traded at a fresh 11-month low in New York of [...]

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Forex, EUR/USD Tapping at Range Low Under 1.30

Paul A Ebeling Jr — Sun, 12 May 2013 11:24:33 +0000

Forex, EUR/USD Tapping at Range Low Under 1.30 Range low: EUR/USD traded sideways since an early April upswing, and was supported just below 1.30, challenging 1.32 a few times, once breaking above that mark. To the downside, there was a fall to 1.2956, at the end last week’s trading, the EUR/USD cracked 1.30 and is [...]

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USD Has 2nd Straight Day of Strength

Shayne Heffernan — Sun, 12 May 2013 10:58:43 +0000

USD Has 2nd Straight Day of Strength EUR, USD, JPY DJIA +35.87 at 15118.49 , NAS +27.41 at 3436.58 , S&P 500 +7.03 at 1633.7 In the foreign exchange market Friday, the US Dollar Index has fallen from its best levels of the session, but still holds solid gains near 83.10. Early buying ran the [...]

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Australian Dollar Falls Below $1.00

Paul A Ebeling Jr — Fri, 10 May 2013 17:42:24 +0000

Australian Dollar Falls Below $1.00 The Australian dollar plunged to its lowest level in more than 10 months on concern about the outlook for the country’s economy. The fall Friday extended the Australian dollar’s 3.2% fall against the USD over the past week, outpacing even the fall seen in the Japanese Yen, which slipped below [...]

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AUD/USD to Test Parity

Shayne Heffernan — Fri, 10 May 2013 13:20:01 +0000

AUD/USD to Test Parity AUD/USD intraday: the downside prevails. Pivot: 1.0095 Our preference: Short positions below 1.0095 with targets @ 0.997 & 0.992 in extension. Alternative scenario: Above 1.0095 look for further upside with 1.015 & 1.0195 as targets. Comment: the break below 1.0095 is a negative signal that has opened a path to 0.997. [...]

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USD/CAD to Bounce

Shayne Heffernan — Fri, 10 May 2013 13:19:08 +0000

USD/CAD to Bounce USD/CAD intraday: bullish bias above 1.006. Pivot: 1.006 Our preference: Long positions above 1.006 with targets @ 1.01 & 1.0115 in extension. Alternative scenario: Below 1.006 look for further downside with 1.004 & 1.0015 as targets. Comment: the break above 1.006 is a positive signal that has opened a path to 1.01. [...]

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GBP/USD May Test 1.53

Shayne Heffernan — Fri, 10 May 2013 13:17:18 +0000

GBP/USD May Test 1.53 GBP/USD intraday: under pressure. Pivot: 1.5455 Our preference: Short positions below 1.5455 with targets @ 1.537 & 1.5335 in extension. Alternative scenario: Above 1.5455 look for further upside with 1.549 & 1.5515 as targets. Comment: the pair stands below its new resistance and remains on the downside, the RSI is badly [...]

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EUR/USD Headed Lower

Shayne Heffernan — Fri, 10 May 2013 13:16:31 +0000

EUR/USD Headed Lower EUR/USD intraday: under pressure. Pivot: 1.305 Our preference: Short positions below 1.305 with targets @ 1.295 & 1.2915 in extension. Alternative scenario: Above 1.305 look for further upside with 1.308 & 1.311 as targets. Comment: the pair has validated a bearish flag and should face further weakness as the RSI is badly [...]

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Malaysia maintains interest rate at 3%

Paul A Ebeling Jr — Fri, 10 May 2013 10:03:48 +0000

Malaysia maintains interest rate at 3% Malaysian central bank decided to keep the interest rate at 3% Thursday, saying the current stance of monetary policy is “appropriate given the outlook for inflation and growth.” The Monetary Policy Committee (MPC) decided to maintain the Overnight Policy Rate (OPR) at 3%, the central bank said in a [...]

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USD/CHF Headed to 93

Shayne Heffernan — Thu, 09 May 2013 08:10:58 +0000

USD/CHF intraday: the downside prevails. Pivot: 0.9375. Our preference: SHORT positions below 0.9375 with 0.933 & 0.9305 in sight. Alternative scenario: The upside penetration of 0.9375 will call for 0.94 & 0.9435. Comment: the pair has broken below a rising trend line and remains under pressure. Opinion published is an intraday view. Green Lines Represent [...]

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AUD/USD Improving

Shayne Heffernan — Thu, 09 May 2013 08:10:02 +0000

AUD/USD intraday: the upside prevails. Pivot: 1.019 Our preference: Long positions above 1.019 with targets @ 1.0255 & 1.029 in extension. Alternative scenario: Below 1.019 look for further downside with 1.015 & 1.011 as targets. Comment: the next resistances are at 1.0255 and then at 1.029. Opinion published is an intraday view. Green Lines Represent [...]

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USD/JPY Begins Reverse

Shayne Heffernan — Thu, 09 May 2013 08:08:44 +0000

USD/JPY Begins Reverse USD/JPY intraday: capped by a negative trend line. Pivot: 99.10. Our preference: SHORT positions below 99.1 with 98.6 & 98.4 as next targets. Alternative scenario: The upside penetration of 99.1 will call for 99.5 & 99.75. Comment: the pair is capped by a declining trend line and is challenging its support. Opinion [...]

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USD/CAD Moving Lower

Shayne Heffernan — Thu, 09 May 2013 08:07:34 +0000

USD/CAD Moving Lower USD/CAD intraday: the downside prevails. Pivot: 1.004 Our preference: Short @ 1.003 with targets @ 0.9995 & 0.998 in extension. Alternative scenario: Above 1.004 look for further upside with 1.008 & 1.01 as targets. Comment: the pair is trading in a bearish channel and the RSI is capped by a declining trend [...]

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EUR/USD Trading

Shayne Heffernan — Thu, 09 May 2013 08:06:26 +0000

EUR/USD Trading EUR/USD intraday: the bias remains bullish. Pivot: 1.3100. Our preference: LONG positions above 1.31 with 1.3215 & 1.324 in sight. Alternative scenario: The downside penetration of 1.31 will call for 1.305 & 1.302. Comment: the pair has broken above a declining trend line and remains on the upside, the RSI stands above its [...]

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GBP/USD Heads to 1.56

Shayne Heffernan — Thu, 09 May 2013 08:06:02 +0000

GBP/USD Heads to 1.56 GBP/USD intraday: the bias remains bullish. Pivot: 1.5490. Our preference: LONG positions above 1.549 with 1.5565 & 1.56 in sight. Alternative scenario: The downside penetration of 1.549 will call for a slide towards 1.545 & 1.5415. Comment: the pair has broken above its declining trend line and is facing a pull [...]

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Asia FX Peso and Baht Rally

Shayne Heffernan — Wed, 08 May 2013 19:39:27 +0000

In the Philippines the peso inched up on Wednesday as reports of growing Chinese exports and imports lifted outlook on emerging economies. The local currency closed at 40.835 against the US dollar, up by 3.5 centavos from Tuesday’s finish of 40.87:$1. Intraday high hit 40.81:$1, while intraday low settled at 40.86:$. Volume of trade amounted [...]

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Sterling Up Ahead of Thursday’s BOE Decision

Paul A Ebeling Jr — Wed, 08 May 2013 19:05:23 +0000

Sterling Up Ahead of Thursday’s BOE Decision 10-Yr: +06/32..1.763%.. USD/JPY: 98.86.. EUR/USD: 1.3161 The US Dollar Index fell to 81.70 early in the US session, but has managed to regain near-term support in the 81.80 region as trade presses 81.90. EUR/USD is +85 pips at 1.3165 as trade tests the 100-day moving average. The single [...]

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Korean Won to Fall as South Korea Maintains Currency War

Paul A Ebeling Jr — Wed, 08 May 2013 14:14:19 +0000

Korean Won to Fall as South Korea Maintains Currency War South Korea’s money supply has continued to grow due to the central bank’s accommodative monetary policy, data showed Wednesday. The country’s M2, or broad money, rose 0.5% from a month earlier to a seasonally-adjusted 1,862.1-T Won (US$1.71-T) in March after increasing 0.7 percent in the [...]

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Chinese “Gold Rush” reveals few investment options

Paul A Ebeling Jr — Wed, 08 May 2013 11:30:18 +0000

Chinese “Gold Rush” reveals few investment options Though credited with stabilizing Gold price, the recent Gold-buying spree in China reveals a lack of investment options for Chinese households looking to retain asset value. Despite a new price swing, the precious metal will stay buoyant at 1,542 oz for Y 2013, thanks in part to strong [...]

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USD Gains Vs Yen; EUR Falls Below 1.31

Paul A Ebeling Jr — Mon, 06 May 2013 16:32:23 +0000

USD Gains Vs Yen; EUR Falls Below 1.31 ICE, USD/JPY, AUD/USD, GBP/USD The USD rose against Japan’s currency Monday, adding to the gainer made after a stronger-than-expected monthly US jobs report. The dollar (USD/JPY) bought 99.31 yen, compared with Yen 99.08 late Friday in North America. Japanese and UK markets were closed Monday, and no [...]

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EUR/USD Looking to Fall

Shayne Heffernan — Mon, 06 May 2013 12:45:09 +0000

EUR/USD Looking to Fall EUR/USD intraday: under pressure. Pivot: 1.3150. Our preference: SHORT positions below 1.315 with 1.3075 & 1.3035 as next targets. Alternative scenario: The upside breakout of 1.315 will open the way to 1.318 & 1.322. Comment: the pair stands below its new resistance and remains on the downside as the RSI is [...]

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Australian Dollar Outlook AUS/USD

Shayne Heffernan — Sun, 05 May 2013 19:27:33 +0000

Australian Dollar Outlook AUS/USD Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bearish FOREX AUD= is currently 0.8% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of [...]

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EUR/USD Outlook

Shayne Heffernan — Sun, 05 May 2013 19:23:32 +0000

Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bearish Bollinger Bands are 49.34% narrower than normal. The narrow width of the bands suggests low volatility as compared to FOREX EUR=’s normal range. Therefore, the probability of volatility increasing with a sharp price move lower has increased for the near-term. The bands have been [...]

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Forex, Demand for Electronic Trading Growing

Paul A Ebeling Jr — Sun, 05 May 2013 08:14:31 +0000

Forex, Demand for Electronic Trading Growing CG The demand for electronic FX trading is growing in response to the global economy and new technology, such as mobile computing, that is rapidly transforming the once manual market. Operating a successful FX trading business requires both a user-friendly front-end that can attract mobile and tablet users, as [...]

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US Bond Buying Policy May Benefit China

Paul A Ebeling Jr — Fri, 03 May 2013 18:08:13 +0000

US Bond Buying Policy May Benefit China NMR, HCS The Chinese economy is expected to benefit from a more confident external environment, fueled by a gradual global economic recovery this year, according to economists. Reacting to the US Federal Reserve’s decision to continue its bond-buying policy an effort to support economic recovery and encourage job [...]

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US Dollar Climbs to 82.20

Paul A Ebeling Jr — Thu, 02 May 2013 18:41:30 +0000

US Dollar Climbs to 82.20 DXY, EUR/USD, GBP, USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD 10-Yr: -01/32..1.639%.. USD/JPY: 98.03.. EUR/USD: 1.306 The US Dollar Index has held on session highs near 82.20 for most of the day all of the action came following the ECB rate cut. Thursday’s gains have the index higher for the 1st time [...]

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USD/JPY To Move Lower

Shayne Heffernan — Thu, 02 May 2013 15:58:18 +0000

USD/JPY To Move Lower Relative Strength Index (RSI) The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 53.93. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was [...]

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Hot Charts: Gold Price to Fall

Shayne Heffernan — Thu, 02 May 2013 15:53:25 +0000

GOLD (Spot) intraday: the downside prevails. Bollinger Bands are 192.88% wider than normal. The large width of the bands suggest high volatility as compared to Gold Price’s normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The bands have been in this [...]

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New China Rules on the RMB

Shayne Heffernan — Thu, 02 May 2013 12:14:32 +0000

New China Rules on the RMB Shayne Heffernan takes a look at the new rules and how they impact foreign investors. China’s central bank on Thursday unveiled a technical guideline for foreign investors’ RMB-denominated activities in the mainland’s equity markets, moving a step closer in opening its capital markets and promoting the RMB’s overseas use. [...]

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Data Does Not Support Japanese Yen Devaluation

Paul A Ebeling Jr — Thu, 02 May 2013 11:47:35 +0000

Data Does Not Support Japanese Yen Devaluation The Bank of Japan sees that Japanese economy show sign of recovery during the recent period according to the recent improvement economic data, adding to signs that the world’s third largest economy near regaining its power. The Bank of Japan released its board meeting minutes concerning the 3-4 [...]

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Weak Chicago PMI Pushes DXY Below 82

Paul A Ebeling Jr — Tue, 30 Apr 2013 18:35:48 +0000

Weak Chicago PMI Pushes DXY Below 82 DXY, USD, GBP, EUR, JPY 10-Yr: +04/32..1.656%%.. USD/JPY: 97.40.. EUR/USD: 1.3175 Focus Remains on FOMC, ECB and Jobs The USD Dollar Index fell to below the 82 mark. The selling pressure picked up with the release of the April Chicago PMI number. The survey slipped below the 50 [...]

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Gold Price Technical Outlook

Shayne Heffernan — Tue, 30 Apr 2013 11:39:18 +0000

Gold Price Technical Outlook The Gold Price closed above the lower band by 50.0%. Bollinger Bands are 220.23% wider than normal. The large width of the bands suggest high volatility as compared to PREC.M.XAU=’s normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the [...]

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AUD a Sell As Australia Warns of Major Fiscal Gap

Paul A Ebeling Jr — Tue, 30 Apr 2013 10:58:01 +0000

AUD a Sell As Australia Warns of Major Fiscal Gap Australian government revenue will be about 12-B Australian Dollars (US$12.3-B) less than expected this fiscal year, Prime Minister Julia Gillard will say in a speech Monday. The latest warning on the state of the nation’s finances comes ahead of the annual budget on 14 May, [...]

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Shayne Heffernan: How to Develop an Inflation Hedge 2013

Shayne Heffernan — Sun, 28 Apr 2013 12:01:23 +0000

Shayne Heffernan: How to Develop an Inflation Hedge 2013 QE1, QE2, QE3, the Bernanke “Twist” and QE4 are pumping out money at a rate never before seen in history. The Fed will not only generate US inflation but it will be exporting that inflation to the rest of the World, especially emerging markets. It is [...]

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Is it Time to Widen CNY’s Daily Trading Range?

Paul A Ebeling Jr — Sun, 28 Apr 2013 11:57:22 +0000

Is it Time to Widen CNY’s Daily Trading Range? HK:0144 A year after China widened the daily trading limit of its currency, the yuan, experts are arguing whether it is time to further enlarge the band to make the exchange rate more market oriented. In mid April 2012, the People’s Bank of China (PBOC), the [...]

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Forex, Time for a JPY Correction?

Paul A Ebeling Jr — Sun, 28 Apr 2013 11:49:54 +0000

Forex, Time for a JPY Correction? USD/JPY The Japanese Yen firmed last week against its G-10 counterparts as consumer prices showed deflationary pressures lessened and the Bank of Japan BOJ maintained its plan to double the monetary base in 2 years. Monetary and fiscal policy measures in Japan have been aimed at re-flating the economy [...]

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The European Central Bank rate cut expectations running high

Paul A Ebeling Jr — Sun, 28 Apr 2013 11:43:06 +0000

The European Central Bank rate cut expectations running high EUR/USD The European Central Bank (ECB) meets Thursday to announce policy and the market is expecting a 25 bps reduction in the benchmark rate to 0.50% from the current 0.75%. The deposit rate is expected to remain unchanged at 0.0%. At the last policy meeting, President [...]

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Buenaventura NYSE:BVN CEO, Fundamentals to Support Gold Price in Place

Paul A Ebeling Jr — Thu, 25 Apr 2013 17:57:30 +0000

Buenaventura NYSE:BVN CEO, Fundamentals to Support Gold Price in Place NEM Peruvian precious metals miner Compania de Minas Buenaventura SAA NYSE:BVN, VL:BUENAVC1 said Thursday that development plans for its Minas Conga Copper and Gold project could be further complicated due to lower mineral prices. Minas Conga, which is being developed by a joint venture that [...]

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EUR/USD Heads Under 1.30

Shayne Heffernan — Tue, 23 Apr 2013 13:57:17 +0000

EUR/USD intraday: under pressure. Pivot: 1.305 Our preference: Short positions below 1.305 with targets @ 1.2965 & 1.2945 in extension. Alternative scenario: Above 1.305 look for further upside with 1.3085 & 1.3115 as targets. Comment: the pair stands below its new resistance and remains on the downside. Opinion published is an intraday view. Green Lines [...]

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USD Surging Against Weak Global Backdrop

Paul A Ebeling Jr — Mon, 22 Apr 2013 18:23:51 +0000

USD Surging Against Weak Global Backdrop The USD is attempting a comeback, gaining about 4% since the start of the year against other major currencies, in a duet with the rise in US stocks. A variety of factors are pushing the greenback upward, among them improvements in the US economy, Eurozone ills and aggressive monetary [...]

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Gold Price News and Outlook

Shayne Heffernan — Mon, 22 Apr 2013 08:34:26 +0000

Gold spot up 1.4 % to $1,423.10. Gold June up 1.8 % to $1,420, gaining for a 3rd day . Silver up 1.1 % to $23.504 rising for the first time in four days Pivot: 1381.00 Our preference: LONG positions above 1381 with 1436 & 1473 as next targets. Alternative scenario: The downside penetration of [...]

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ASEAN Under Attack From Japan

Paul A Ebeling Jr — Mon, 22 Apr 2013 08:00:55 +0000

ASEAN Under Attack From Japan A Weak Yen Could Set Off Asian Currency Crisis SCGLY, HCS, USD, JPY, EUR The Yen’s fall could herald bad news for Asia, just as it did prior to the Y 1997 currency crisis, says a global currency strategist at Societe Generale PA:GLE, PINK:SCGLY “It seems investors may have forgotten [...]

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The Gold Market Will Rally

Paul A Ebeling Jr — Sun, 21 Apr 2013 16:18:41 +0000

The Gold Market Will Rally SCGLY, CRZBY Many investment experts are strong on Gold despite its recent pull back. Gold will likley recover when traders Shorting Gold start to unwind their positions. I believe that when significant Short position holders begin to take profit, that this market will rally at least 50%+ and should Gold [...]

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Forex Trade IdeaUSD/CHF , Buy at 0.9265

Paul A Ebeling Jr — Sun, 21 Apr 2013 16:03:57 +0000

Forex Trade IdeaUSD/CHF , Buy at 0.9265, Target: 0.9365, Stop: 0.9230 USD/CHF – 0.9294 New strategy: Buy at 0.9265, Target: 0.9365, Stop: 0.9230 The USDs near term sideways trading indicates resistance at 0.9340 that is expected to continue and as long as that resistance holds, near term Soouthside risk remains for pullback to the lower [...]

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Net JPY Shorts Rose to 2013 High in Past Week

Paul A Ebeling Jr — Fri, 19 Apr 2013 20:30:07 +0000

Net JPY Shorts Rose to 2013 High in Past Week JPY, USD, AUD, NZD The net amount of investor cash betting the yen would fall grew 16% in the past week to its highest point this year, government data showed Friday. As of 16 April, investors increased their net short-Yen position–or positions that would benefit [...]

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Gold Price -7% on the week

Paul A Ebeling Jr — Fri, 19 Apr 2013 18:38:30 +0000

Gold Price -7% on the week Gold notched its 2nd straight gainer Friday, but did not reclaim the 1,400 mark by the close finishing the week with a loss of 7.1%. J Jun Gold +0.45% added 3.10, or 0.2%, to settle at 1,395.60 on the Comex division of the New York Merc. Gold prices, which [...]

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GBP Value as Britian Refuses to Print Money

Paul A Ebeling Jr — Fri, 19 Apr 2013 17:57:28 +0000

UK’s Osborne Indicates He Will Reject IMF Advice to Slow Austerity UK Treasury boss George Osborne Friday indicated he is prepared to reject International Monetary Fund advice to slow his austerity program, setting the scene for a battle with the Fund that was once a Key backer of his ambitious plan to correct the country’s [...]

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G-20 and the Currency Wars

Paul A Ebeling Jr — Fri, 19 Apr 2013 16:49:56 +0000

G-20 to Warn on Competitive Exchange Rates The finance ministers from the world’s biggest economics are expected send the message to avoid competitive devaluation of their currencies. Two officials representing Group of 20 nations said there would be no major changes to the Key points of the organization’s widely followed communique, expected to be issued [...]

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EUR/USD Headed Lower

Shayne Heffernan — Thu, 18 Apr 2013 12:54:48 +0000

EUR/USD intraday: the downside prevails. Pivot: 1.3085 Our preference: Short positions below 1.3085 with targets @ 1.3015 & 1.2985 in extension. Alternative scenario: Above 1.3085 look for further upside with 1.3115 & 1.3165 as targets. Comment: the pair is posting a rebound but stands below its new resistance, the RSI lacks upward momentum. Opinion published [...]

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Vietnam’s central bank auctions Gold

Paul A Ebeling Jr — Thu, 18 Apr 2013 09:31:08 +0000

Vietnam’s central bank auctions Gold The State Bank of Vietnam (SBV) has so far held seven consecutive gold auctions, with the first on 28 March and the 7th Tuesday, with the aim of balancing local supply and demand on Gold. The domestic Gold market became more stable in the past few weeks as the difference [...]

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China Plans Wider USDCNY Movement

Paul A Ebeling Jr — Thu, 18 Apr 2013 09:17:12 +0000

China Plans Wider USDCNY Movement China’s central bank plans to widen the USDCNY’s trading band in the near future, People’s Bank of China Vice Gov. Yi Gang said Wednesday, suggesting that China’s leaders will press ahead with change despite the surprise slowing of the economy. “The exchange rate is going to be more market-oriented,” Mr. [...]

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Brazil Interest Rate Hike May Be Just the Beginning

Paul A Ebeling Jr — Thu, 18 Apr 2013 09:14:31 +0000

Brazil Interest Rate Hike May Be Just the Beginning Brazil’s embattled central bank Wednesday raised its base interest rate for the first time in 22 months but the modest hike could be only the beginning in a long, tightening cycle to combat fierce inflation. The central bank’s monetary policy committee voted to raise its Selic [...]

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Currencies: Aussie Breaks to 1-Month Low

Shayne Heffernan — Wed, 17 Apr 2013 19:30:14 +0000

Currencies: Aussie Breaks to 1-Month Low DXY, EUR/USD, GBP/USD. USD/CHF, EUR/CHF, USD/JPY, AUD/USD, USD/CAD 10-Yr: +05/32..1.707%.. USD/JPY: 97.77.. EUR/USD: 1.3030 The US Dollar Index remains on track to close on session highs as trade holds near 82.60. Wednesday’s gains have more than erased Tuesday’s selling with trade on pace to close at its best level [...]

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GBP/USD May Hit 1.50

Shayne Heffernan — Wed, 17 Apr 2013 13:25:31 +0000

GBP/USD intraday: under pressure. Pivot: 1.53 Our preference: Short positions below 1.53 with targets @ 1.521 & 1.518 in extension. Alternative scenario: Above 1.53 look for further upside with 1.5335 & 1.536 as targets. Comment: the pair has broken below its support and remains on the downside as the RSI is badly directed. Opinion published [...]

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EUR/USD Moving Lower

Shayne Heffernan — Wed, 17 Apr 2013 13:24:24 +0000

EUR/USD Moving Lower EUR/USD intraday: under pressure. Pivot: 1.3165 Our preference: Short positions below 1.3165 with targets @ 1.3105 & 1.308 in extension. Alternative scenario: Above 1.3165 look for further upside with 1.32 & 1.323 as targets. Comment: the pair has broken below its support and remains on the downside as the RSI is badly [...]

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Euro (€) / US Dollar ($) (EURUSD) Overvalued

Shayne Heffernan — Tue, 16 Apr 2013 08:36:23 +0000

Euro (€) / US Dollar ($) (EURUSD) Overvalued EUR/USD intraday: the downside prevails. Pivot: 1.3110. Our preference: SHORT positions below 1.311 with targets @ 1.303 & 1.2995. Alternative scenario: The upside penetration of 1.311 will call for 1.314 & 1.316. Comment: the pair is rebounding but stands below its resistance, the RSI lacks upward momentum. [...]

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US Dollar ($) / Japanese Yen (¥) (USDJPY) Update

Shayne Heffernan — Tue, 16 Apr 2013 08:33:13 +0000

USD/JPY intraday: key ST resistance at 98.25 Pivot: 98.25. Our preference: SHORT positions @ 98.1 with 96.5 & 95.85 as next targets. Alternative scenario: The upside breakout of 98.25 will open the way to 99.1 & 100. Comment: the pair stands below its resistance and remains under pressure, the RSI lacks upward momentum. Opinion published [...]

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Yen Firm, Gold Falls

Paul A Ebeling Jr — Tue, 16 Apr 2013 08:24:38 +0000

Yen Firm, Gold Falls The JPY remained firm against other major currencies Tuesday in Asia as plunges in the prices of commodities like Gold along with the explosions in Boston herded investors toward the safe-haven currency. Commodities fell on growing concerns over a global economic slowdown after China reported worse-than-expected gross domestic product and industrial [...]

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States Push Gold and Silver as Legal Tender, Show Little Faith in Fed Tactics

Paul A Ebeling Jr — Mon, 15 Apr 2013 07:10:49 +0000

States Push Gold and Silver as Legal Tender, Show Little Faith in Fed Tactics Distrust of the US Federal Reserve and concern that USDs could become worthless are driving a push in more than a 12 US states to recognize Gold and Silver coins as legal tender. Lawmakers in Arizona are set to follow Utah, [...]

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Gold and Silver Prices in Focus

LiveTradingNews.com wire staff — Sun, 14 Apr 2013 07:56:08 +0000

Precious metals investors can’t look back at this week’s declines in gold and silver and not be a little upset. But it’s important to keep in mind that nothing happened this week that reversed the decade long bullish trends for gold and silver. So, keep in mind that for over a decade gold and silver [...]

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Reported Cyprus Gold Sale Not on the Central Bank’s Agenda

Paul A Ebeling Jr — Thu, 11 Apr 2013 03:49:22 +0000

Reported Cyprus Gold Sale Not on the Central Bank’s Agenda A spokesperson for the Central Bank of Cyprus told the Cyprus News Agency (CNA) that reports of the $523-M Gold sale have not been, “raised, discussed or debated,” with the bank’s board of directors. Aliki Stylianou told CNA Wednesday after reports on Reuters surfaced that [...]

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Follow-up Work Needed for RMB’s Going Global

Paul A Ebeling Jr — Thu, 11 Apr 2013 03:45:16 +0000

Follow-up Work Needed for RMB’s Going Global BACHF, DB, HK:1062 China and Australia started direct trading of their currencies Wednesday. Analysts said promoting the yuan’s direct trading and currency swap with other currencies will lay down institutional foundation for the yuan’s going global, but more follow-up work, including developing financial products and tools, is needed [...]

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The Return of USD/JPY Parity

Paul A Ebeling Jr — Thu, 11 Apr 2013 03:34:59 +0000

The Return of USD/JPY Parity EWJ, YCS, DXY The BOJ printing of money to purchase assets and bonds in Japan is a game-changing initiative. It devalues what had become a very overvalued Yen, but creates problems. Japan’s current $1.4-T or so of inflation efforts and asset buying is creating a situation in the currency markets [...]

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USD/JPY Head to 100 on BoJ Manipulation

Shayne Heffernan — Wed, 10 Apr 2013 12:39:41 +0000

USD/JPY Head to 100 on BoJ Manipulation USD/JPY intraday: the bias remains bullish. Pivot: 98.65 Our preference: Long positions above 98.65 with targets @ 99.65 & 100 in extension. Alternative scenario: Below 98.65 look for further downside with 98 & 97.15 as targets. Comment: the pair remains on the upside and is approaching its previous [...]

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EUR/USD Outlook

Shayne Heffernan — Wed, 10 Apr 2013 12:37:24 +0000

EUR/USD intraday: the upside prevails. Pivot: 1.306 Our preference: Long positions above 1.306 with targets @ 1.3135 & 1.316 in extension. Alternative scenario: Below 1.306 look for further downside with 1.303 & 1.2995 as targets. Comment: the pair is supported by a rising trend line and is challenging its previous high. Opinion published is an [...]

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North Korea and Asian Currencies

Shayne Heffernan — Tue, 09 Apr 2013 18:08:14 +0000

The Korean won has fallen the most against the dollar among global currencies this year after the Japanese yen. The won lost more than 6 percent between January and April 8 this year, losing more of its value against the dollar than 28 other currencies including the euro, the British pound and the Canadian dollar, [...]

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Try MetaStock for 30 Days

Shayne Heffernan — Tue, 09 Apr 2013 15:36:45 +0000

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The Yen Will Rally, BoJ Will Fail

Shayne Heffernan — Mon, 08 Apr 2013 15:56:51 +0000

The BoJ have finally delivered a major change in their monetary stance, greater than that anticipated by the markets, and greater than QE elsewhere, triggering major initial JPY weakness… …but history does not suggest initial JPY weakness will be sustained. The previous big increases in central bank balance sheets we have seen in this financial [...]

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Silver Price to Rally

Shayne Heffernan — Mon, 08 Apr 2013 14:00:07 +0000

Silver Price to Rally Stochastic Oscillator One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 28.1306. This is not an overbought or oversold reading. The last signal was a buy 0 period(s) ago. Relative Strength Index (RSI) The RSI shows overbought [...]

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Philippines Peso Falls

Shayne Heffernan — Mon, 08 Apr 2013 13:45:47 +0000

The peso continued its slide on the first trading day of the week as the bird-flu scare in China and Taiwan, and the nuclear program in North Korea bothered financial markets. The local currency closed at 41.27 against the US dollar on Monday, down by 11 centavos from Friday’s finish of 41.16:$1. Intraday high hit [...]

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What is Next for USD/JPY- It Broke to New Highs Last Week

Paul A Ebeling Jr — Sun, 07 Apr 2013 06:41:31 +0000

What is Next for USD/JPY- It Broke to New Highs Last Week The USD/JPY moved lower last week after taking out trendline support, drawn from the November low, around 94.05/15. That said, the daily RSI is still above the Key 40 mark where it found support signaling the overall uptrend is intact. This recovery came [...]

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Weak JPY to worsen competitiveness of South Korean exporters

Paul A Ebeling Jr — Sat, 06 Apr 2013 19:57:44 +0000

Weak JPY to worsen competitiveness of South Korean exporters The Japanese yen’s depreciation is feared to weaken price competitiveness of South Korean exporters though their stronger non-price competitiveness such as product quality is expected to relieve the negative impact, the BOK said Thursday. “Price competitiveness of our export items is worried to weaken as the [...]

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PIMCO’s Bill Gross, BOJ’s plan to end deflation risks weakening the Yen

Paul A Ebeling Jr — Sat, 06 Apr 2013 19:49:16 +0000

PIMCO’s Bill Gross, BOJ’s plan to end deflation risks weakening the Yen AZSEY Bill Gross, the Bond King, said the Bank of Japan’s plan to end deflation risks weakening the yen. The currency will have to depreciate “much more” for BOJ Governor Haruhiko Kuroda to reach his inflation target of 2%, Mr. Gross said. George [...]

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Brazil’s Real Up Past 1.99 per USD on US Jobs Report

Paul A Ebeling Jr — Sat, 06 Apr 2013 06:08:39 +0000

Brazil’s Real Up Past 1.99 per USD on US Jobs Report Brazil’s real gained against the USD Friday, trading at the strongest level in more than 2 wks, after the US reported slower job creation and Europe reported better economic data, while in Brazil investors prepare for possible interest-rate increases. The real traded at BRL [...]

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S&P Affirms UK’s Triple-A Rating

Paul A Ebeling Jr — Sat, 06 Apr 2013 06:05:28 +0000

S&P Affirms UK’s Triple-A Rating Standard & Poor’s Ratings Services affirmed its top-grade triple-A sovereign debt rating on the UK, though maintained a negative outlook on the country, saying there is still at least a one-in-three chance it could lower the UK’s rating. The rating firm said the negative outlook indicates it could still lower [...]

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USD/CHF Rebound

Shayne Heffernan — Thu, 04 Apr 2013 13:13:30 +0000

USD/CHF intraday: rebound. Pivot: 0.9465 Our preference: Long positions above 0.9465 with targets @ 0.9525 & 0.955 in extension. Alternative scenario: Below 0.9465 look for further downside with 0.9435 & 0.941 as targets. Comment: the pair is rebounding and is approaching its next resistance. Opinion published is an intraday view. Green Lines Represent Resistance | [...]

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AUD/USD on Path to Parity

Shayne Heffernan — Thu, 04 Apr 2013 13:11:23 +0000

AUD/USD intraday: under pressure. Pivot: 1.044 Our preference: Short positions below 1.044 with targets @ 1.04 & 1.038 in extension. Alternative scenario: Above 1.044 look for further upside with 1.045 & 1.0475 as targets. Comment: the pair is under pressure and is challenging its support. Opinion published is an intraday view. Green Lines Represent Resistance [...]

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USD/JPY Manipulation Creates Weakness

Shayne Heffernan — Thu, 04 Apr 2013 13:09:35 +0000

USD/JPY intraday: further advance. Pivot: 94.85 Our preference: Long positions above 94.85 with targets @ 95.75 & 96.1 in extension. Alternative scenario: Below 94.85 look for further downside with 94.4 & 93.95 as targets. Comment: the pair remains on the upside, the RSI is well directed but is also overbought. Opinion published is an intraday [...]

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USD/CAD Falls

Shayne Heffernan — Thu, 04 Apr 2013 13:07:26 +0000

USD/CAD intraday: key ST resistance at 1.016. Pivot: 1.016 Our preference: Short positions below 1.016 with targets @ 1.012 & 1.0095 in extension. Alternative scenario: Above 1.016 look for further upside with 1.018 & 1.02 as targets. Comment: the pair is rebounding but stands below its resistance. Opinion published is an intraday view. Green Lines [...]

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EUR/USD Headed Lower

Shayne Heffernan — Thu, 04 Apr 2013 13:02:00 +0000

EUR/USD intraday: under pressure. Pivot: 1.275 Our preference: Short positions below 1.28 with targets @ 1.258 & 1.246 in extension. Alternative scenario: Above 1.283 look for further upside with 1.2855 & 1.2875 as targets. Comment: the pair is breaking below a bearish flag lower boundary and remains under pressure. Opinion published is an intraday view. [...]

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Gold Price Under Pressure

Shayne Heffernan — Thu, 04 Apr 2013 12:59:28 +0000

GOLD (Spot) intraday: the downside prevails. Pivot: 1563.00 Our preference: SHORT positions below 1563 with targets @ 1535 & 1525. Alternative scenario: The upside penetration of 1563 will call for a rebound towards 1577 & 1584. Comment: the RSI is capped by a bearish trend line. Opinion published is an intraday view. Green Lines Represent [...]

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Japan Moves Higher, Yen Falls Manipulation Continues

Shayne Heffernan — Thu, 04 Apr 2013 08:43:25 +0000

Japan Moves Higher, Yen Falls Manipulation Continues After a two-day meeting the BoJ said it would embark on an aggressive spending program, boosting asset purchases including Japanese government bonds, while pledging to meet a two percent inflation target within two years. The moves would see the BoJ “enter a new phase of monetary easing both [...]

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The RMB and the Future of Asian Finance

Paul A Ebeling Jr — Wed, 03 Apr 2013 18:09:05 +0000

Global Economists to Meet in Hong Kong to Discuss Crucial Challenges More than 200 leading economic scholars, Nobel Prize winners, business leaders and policy makers from around the world will gather in Hong Kong from Thursday to Saturday to discuss the most vital economic and social challenges facing society. This is the first time since [...]

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USD/CHF to Advance

Shayne Heffernan — Wed, 03 Apr 2013 14:15:30 +0000

USD/CHF intraday: the upside prevails. Pivot: 0.9475 Our preference: Long positions above 0.9475 with targets @ 0.9525 & 0.955 in extension. Alternative scenario: Below 0.9475 look for further downside with 0.945 & 0.9435 as targets. Comment: the pair is rebounding on its support, the RSI is reversing up. Opinion published is an intraday view. Green [...]

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AUD/USD to Break 1.05

Shayne Heffernan — Wed, 03 Apr 2013 14:14:03 +0000

AUD/USD intraday: further advance. Pivot: 1.044 Our preference: Long positions above 1.044 with targets @ 1.0495 & 1.0525 in extension. Alternative scenario: Below 1.044 look for further downside with 1.043 & 1.0415 as targets. Comment: the pair is rebounding and is approaching its previous high, the RSI is well directed. Opinion published is an intraday [...]

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USD/JPY and the BoJ

Shayne Heffernan — Wed, 03 Apr 2013 14:12:32 +0000

USD/JPY intraday: the upside prevails. Pivot: 93 Our preference: Long positions above 93 with targets @ 93.85 & 94.4 in extension. Alternative scenario: Below 93 look for further downside with 92.5 & 92 as targets. Comment: the pair stands above its support and remains on the upside. Opinion published is an intraday view. Green Lines [...]

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USD/CAD Moving Lower

Shayne Heffernan — Wed, 03 Apr 2013 14:09:48 +0000

USD/CAD intraday: key ST resistance at 1.016. Pivot: 1.016 Our preference: Short positions below 1.016 with targets @ 1.012 & 1.0095 in extension. Alternative scenario: Above 1.016 look for further upside with 1.018 & 1.02 as targets. Comment: the pair has struck against its resistance and remains under pressure, the RSI is badly directed. Opinion [...]

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GBP/USD Outlook

Shayne Heffernan — Wed, 03 Apr 2013 14:08:20 +0000

GBP/USD intraday: the downside prevails. Pivot: 1.5135 Our preference: Short positions below 1.5135 with targets @ 1.506 & 1.502 in extension. Alternative scenario: Above 1.5135 look for further upside with 1.5175 & 1.522 as targets. Comment: the pair has struck against its resistance and remains under pressure, the RSI stands around its neutrality area. Opinion [...]

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Gold Price Update

Shayne Heffernan — Wed, 03 Apr 2013 14:02:02 +0000

GOLD (Spot) intraday: the downside prevails. Pivot: 1577.50 Our preference: SHORT positions below 1577.5 with 1561 & 1556 in sight. Alternative scenario: The upside breakout of 1577.5 will open the way to 1584 & 1590. Comment: the descending 50 moving average suggests that the gold still has potential for a decline. Opinion published is an [...]

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EUR/USD, USD/JPY Update

Paul A Ebeling Jr — Wed, 03 Apr 2013 12:45:07 +0000

EUR/USD Wednesday’s Support: 1.2793, 1.2771 and 1.2755 (main), where correction is possible. Break would give 1.2732, where correction also may be. Then follows 1.2701. Break of the latter would result in 1.2676. If a strong impulse, then 1.2657. Continuation will give 1.2644. Wednesday’s Resistance: 1.2826, 1.2853 and 1.2876 (main). Break would give 1.2894, where a [...]

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Malaysia Ringgit Update

Shayne Heffernan — Tue, 02 Apr 2013 19:22:01 +0000

The ringgit also has a chart resistance around 3.0800 and 3.0830, analysts said. The Malaysian currency had tried to strengthen past the area three times in early February, but it failed, resulting in a drop to 3.1390. Malaysia’s financial markets were caught napping in 2008 when shock electoral gains by the opposition redrew the country’s [...]

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US Dollar Testing 83.00

Paul A Ebeling Jr — Tue, 02 Apr 2013 18:50:35 +0000

US Dollar Testing 83.00 DXY, EUR/USD, GBP/USD, USD/CHF, EUR/CHF, USD/JPY, AUD/USD, USD/CAD 10-Yr: -10/32..1.866%.. USD/JPY: 93.35.. EUR/USD: 1.2819 The Dollar Index holds on session highs near 82.90 as trade threatens the Key 83.00 mark. The “Greenback” has seen steady buying over the course of the session after early selling tested 82.55. EUR/USD is -25 pips [...]

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The RMB Rally

Paul A Ebeling Jr — Tue, 02 Apr 2013 12:04:20 +0000

The RMB Yuan rose to the strongest in 19 yrs Vs the USD Monday after official data showed China’s manufacturing grew in March at the fastest pace in 11 yrs. The Yuan yesterday firmed 0.05% to 6.2080 per USD in Shanghai after briefly hitting 6.2073, the firmest since China unified the Yuan’s market and official [...]

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Australian manufacturing weakness continues in March

Paul A Ebeling Jr — Tue, 02 Apr 2013 12:00:43 +0000

Australian manufacturing weakness continues in March Australia’s manufacturing performance continued to weaken in March with production, exports and new orders falling further, according to a monthly survey released on Tuesday by the Australian Industry Group (Ai Group). The Ai Group performance of manufacturing index (PMI) fell 1.2 points in March to 44.4 points. The index [...]

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Gold Price Outlook

Shayne Heffernan — Mon, 01 Apr 2013 08:49:47 +0000

MARKETS US : FORECAST payrolls grew in March, according to a forecast of 58 economists. EURO-ZONE: FORECAST unemployment climbed to a record in February. GOLD: ETP fell 6.9 % this year as the USD Index gained 4.2 %. PLATINUM: ETP rose to a record of 52.3814 MT on March 28. GOLD : Falls 4.6% in [...]

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EURJPY Outlook

Shayne Heffernan — Sun, 31 Mar 2013 16:57:08 +0000

EURJPY Outlook Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bullish On 3/29/2013, EURJPY closed above the lower band by 16.2%. Bollinger Bands are 3.64% wider than normal. A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 5 white candles and 5 black [...]

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Forex Technical Analysis, EUR/USD and USD/JPY

Paul A Ebeling Jr — Sun, 31 Mar 2013 07:16:39 +0000

Forex Technical Analysis, EUR/USD and USD/JPY Current level – 1.2816 The downtrend after 1.3050 high is over with the double test of 1.2750 support zone and currently a consolidation pattern is underway with a potential for a test of 1.2900 resistance area. The overall outlook on the senior frames remains Bearish, focused on 1.2650 major [...]

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Platinum Cartel Being Formed

Paul A Ebeling Jr — Wed, 27 Mar 2013 18:16:50 +0000

Platinum Cartel Being Formed SWC Platinum prices have fallen nearly 10% from their Y 2013 highs in early February. Palladium prices are off as well, but the drop is just 3.6%. This is not good for South Africa, which produces about 70% of the world’s Platinum, or Russia, which produces about 40% of the world’s [...]

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USD Index Moving to Multi-Month Highs

Paul A Ebeling Jr — Wed, 27 Mar 2013 18:03:26 +0000

USD Index Moving to Multi-Month Highs DXY, EUR/JPY, USD, GBP Dollar Index Pushes Above 83 on Euro-Area Concerns The Dollar Index is making its first significant run into the 83 level. The DXY was previously rejected at the 83 mark, but is now pushing to its best levels since 26 July. The European unease is [...]

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USD/CHF to Rally

Shayne Heffernan — Wed, 27 Mar 2013 14:03:28 +0000

USD/CHF intraday: the upside prevails. Pivot: 0.9465 Our preference: Long positions above 0.9465 with targets @ 0.955 & 0.9565 in extension. Alternative scenario: Below 0.9465 look for further downside with 0.9445 & 0.941 as targets. Comment: the pair is breaking above its resistance and should post further advance. Opinion published is an intraday view. Green [...]

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AUD/USD to Trade Lower

Shayne Heffernan — Wed, 27 Mar 2013 14:02:07 +0000

AUD/USD intraday: the downside prevails. Pivot: 1.0465 Our preference: Short positions below 1.0465 with targets @ 1.0415 & 1.0385 in extension. Alternative scenario: Above 1.0465 look for further upside with 1.0495 & 1.0525 as targets. Comment: the pair has broken below its support and remains on the downside. Opinion published is an intraday view. Green [...]

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USD/CAD Heads to Parity

Shayne Heffernan — Wed, 27 Mar 2013 14:00:10 +0000

USD/CAD intraday: under pressure. Pivot: 1.02 Our preference: Short positions below 1.02 with targets @ 1.015 & 1.014 in extension. Alternative scenario: Above 1.02 look for further upside with 1.0215 & 1.0235 as targets. Comment: the pair is rebounding but stands below its resistance. Opinion published is an intraday view. Green Lines Represent Resistance | [...]

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BoJ Fails to Weaken Yen

Shayne Heffernan — Wed, 27 Mar 2013 13:59:46 +0000

USD/JPY intraday: under pressure. Pivot: 94.65 Our preference: Short positions below 94.65 with targets @ 93.95 & 93.5 in extension. Alternative scenario: Above 94.65 look for further upside with 94.95 & 95.2 as targets. Comment: the pair has broken below its support and remains on the downside. Opinion published is an intraday view. Green Lines [...]

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GBP to Fall Under 1.50

Shayne Heffernan — Wed, 27 Mar 2013 13:57:03 +0000

GBP/USD intraday: the downside prevails. Pivot: 1.5185 Our preference: Short positions below 1.5185 with targets @ 1.507 & 1.5025 in extension. Alternative scenario: Above 1.5185 look for further upside with 1.521 & 1.525 as targets. Comment: the pair is breaking below its support and should face further weakness as the RSI is badly directed. Opinion [...]

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Euro Falls as Reality Sets In

Shayne Heffernan — Wed, 27 Mar 2013 13:55:31 +0000

EUR/USD intraday: the downside prevails. Pivot: 1.2855 Our preference: Short positions below 1.2855 with targets @ 1.2755 & 1.273 in extension. Alternative scenario: Above 1.2855 look for further upside with 1.2895 & 1.292 as targets. Comment: the pair has broken below its previous low and should face further weakness as the RSI is badly directed. [...]

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US Dollar Tests 83.00, the Dollar Index is holding slim gains near 82.90 in quiet trade

Paul A Ebeling Jr — Tue, 26 Mar 2013 20:01:54 +0000

US Dollar Tests 83.00, the Dollar Index is holding slim gains near 82.90 in quiet trade DXY, EUR/USD. GBP/USD. USD/CHF, EUR/CHF, USD/JPY, AUD/USD, USD/CAD Tuesday’s action saw a couple tests of 83.00, but trade remains unable to retake the key level. EUR/USD is +5 pips at 1.2855 amid a rather uneventful day. Some early headlines [...]

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Megawati Seeks Global Financial Reform

Shayne Heffernan — Tue, 26 Mar 2013 08:01:48 +0000

Global financial institutions like the World Bank need to adapt to meet the needs of emerging economies instead of pushing one size fits all policies, former Indonesian president Megawati Sukarnoputri said on Tuesday. Megawati called for the reform of the World Bank, International Monetary Fund and the World Trade Organization during a panel titled “Challenges [...]

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USD/JPY pair – Sell at 94.80

Paul A Ebeling Jr — Tue, 26 Mar 2013 06:48:44 +0000

USD/JPY pair – Sell at 94.80 USD/JPY – 94.42 Most recent candlesticks pattern : N/A Trend: Sideways Tenkan-Sen level: 94.65 Kijun-Sen level: 94.62 Ichimoku cloud top: 95.17 Ichimoku cloud bottom: 94.71 New strategy : Sell at 94.80, Target: 93.80, Stop: 95.15 Despite the intra-day bounce to 94.97, as the Greenback retreated, suggesting another test of [...]

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USD/JPY – Stand aside

Paul A Ebeling Jr — Sun, 24 Mar 2013 14:04:37 +0000

USD/JPY – Stand aside USD/JPY – 94.77 New strategy: Stand aside Trend: Sideways Tenkan-Sen level : 94.62 Kijun-Sen level : 94.80 Ichimoku cloud top : 95.56 Ichimoku cloud bottom : 95.43 Despite intra-day initial fall to 94.21, as the Greenback found support there and has rebounded, retaning the POV that further consolidation within early established [...]

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Berlusconi Primed for a”Snap Vote”

Paul A Ebeling Jr — Sun, 24 Mar 2013 13:58:10 +0000

Italy’s Berlusconi Primed for a”Snap Vote” if No Deal is Done Silvio Berlusconi, 76 anni, the leader of Italy’s center-right bloc, told thousands of supporters gathered in central Rome he was ready for a “Snap Vote” as his rival began talks to try to form a government. “We are all ready for another election campaign [...]

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Singapore Dollar is Still a Buy

Shayne Heffernan — Fri, 22 Mar 2013 10:24:58 +0000

Economist and Fund manager Shayne Heffernan on the SGD SGD is currently 1.0% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp [...]

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Japan’s Currency War with Korea

Shayne Heffernan — Wed, 20 Mar 2013 18:47:41 +0000

The Korean won has been surging and the Japanese yen waning since October 2012. As of late February this year, the won was in the 1,080s range against the U.S. dollar, appreciating from the 1,110 level at the end of September 2012. Meanwhile, the yen depreciated to around 92 against the dollar from 77.6. As [...]

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Currencies: EUR Off, Cyprus Rejects EU Bailout Terms

Paul A Ebeling Jr — Tue, 19 Mar 2013 19:27:17 +0000

Currencies: EUR Off, Cyprus Rejects EU Bailout Terms DXY, EUR/USD, USD/JPY The EUR slipped below 1.29 Tuesday following reports that the parliament in Cyprus voted against a controversial plan to tax bank deposits as part of a bailout package. Reports also said that Cyprus’s finance minister had offered his resignation, though he later told Reuters [...]

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Gold Price Update

Shayne Heffernan — Tue, 19 Mar 2013 07:47:18 +0000

GOLD GOLD (Spot) intraday: further upside. Pivot: 1597.00 Our preference: LONG positions above 1597 with 1611 & 1619 in sight. Alternative scenario: The downside penetration of 1597 will call for a slide towards 1590 & 1584. Comment: the price is holding above its channel support. The upside prevails, as long as 1597 is support. Opinion [...]

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USD Stronger Despite Fed Easing, Talk of Currency War

Paul A Ebeling Jr — Mon, 18 Mar 2013 17:40:54 +0000

USD Stronger Despite Fed Easing, Talk of Currency War DXY, CRZBY The USD has scored strong gains since the beginning of February, as the US Federal Reserve sustains its massive easing program and talk intensifies of a currency war. Investors’ positive view of the US economy is what is pushing the Greenback North. That see [...]

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Investors Flee EUR, Fly To USD on EU Cyprus Plan

Paul A Ebeling Jr — Mon, 18 Mar 2013 17:39:53 +0000

Investors Flee EUR, Fly To USD on EU Cyprus Plan EUR, DXY, USD The EUR fell Monday, putting the shared currency at the epicenter of a selloff in financial markets after Cyprus announced plans for a one-time levy on bank deposits as part of a deal for a sovereign bailout. On the weekend, international lenders [...]

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Japan Struggles to Manipulate Yen

Shayne Heffernan — Mon, 18 Mar 2013 13:23:51 +0000

USD/JPY intraday: the downside prevails. Pivot: 95.00. Our preference: SHORT positions below 95 with 94.05 & 93.75 as next targets. Alternative scenario: The upside breakout of 95 will open the way to 95.3 & 95.6. Comment: the pair has broken below its support and should face further weakness as the RSI is badly directed. Opinion [...]

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GBP Stages Another Rebound

Shayne Heffernan — Mon, 18 Mar 2013 13:19:40 +0000

GBP/USD intraday: the upside prevails. Pivot: 1.5065. Our preference: LONG positions above 1.5065 with targets @ 1.5135 & 1.518. Alternative scenario: The downside penetration of 1.5065 will call for 1.5045 & 1.5005. Comment: the pair stands above its new support and should post a rebound as the RSI is turning up. Opinion published is an [...]

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Euro in Crisis Mode

Shayne Heffernan — Mon, 18 Mar 2013 13:16:00 +0000

UR/USD intraday: the downside prevails. Pivot: 1.2980. Our preference: SHORT positions @ 1.297 with 1.2875 & 1.2815 as next targets. Alternative scenario: The upside breakout of 1.298 will open the way to 1.304 & 1.3105. Comment: the pair has broken below its previous low and remains on the downside, the RSI is badly directed but [...]

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Philippines Peso Outlook

Shayne Heffernan — Sun, 17 Mar 2013 18:00:07 +0000

Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bearish Bollinger Bands are 62.87% narrower than normal. The narrow width of the bands suggests low volatility as compared to the Peso’s normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The bands have been in [...]

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Singapore Dollar Outlook

Shayne Heffernan — Sun, 17 Mar 2013 17:35:42 +0000

Singapore Dollar Outlook Technical Outlook for Singapore Dollar Short Term: Bearish Intermediate Term: Neutral Long Term: Bullish SGD is currently 0.7% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out [...]

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Euro Crisis: Another Run on Banks Expected

Paul A Ebeling Jr — Sun, 17 Mar 2013 04:13:47 +0000

Cyprus “bailout deal” shocks savers, they flock to banks Depositors by the 100′s flocked to co-operative banks early in the morning Saturday to withdraw their savings and cash following an Eurozone bailout deal for Cyprus to be told that their deposits are temporarily blocked. The Eurogroup Brussels deal, concluded in the early hours of Saturday [...]

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Shayne Heffernan on the Thai Baht

Shayne Heffernan — Fri, 15 Mar 2013 20:56:09 +0000

Shayne Heffernan on the Thai Baht As I said on the 20th of January 2013 the Thai Baht should see 28.50 to the US Dollar this year. Thailand: Thai Baht on Target for 28.50 For all of 2012, the baht strengthened about 3 percent. We remain convinced that the Thai Economy is set to become [...]

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US Dollar Falls to 82.50

Paul A Ebeling Jr — Thu, 14 Mar 2013 19:55:32 +0000

US Dollar Falls to 82.50 DXY, EUR/USD, GBP/USD, USD/CHF, EUR/CHF, USD/JPY, AUD/USD, USD/CAD The US Dollar Index climbed to almost 83.20 in early trade, but saw aggressive selling shortly after this morning’s data as a 0.7% jump in the PPI weighed. The Index fell to a session low art 82.40 as steady selling persisted over [...]

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Japan Yen Improves as Abe Fails

Shayne Heffernan — Wed, 13 Mar 2013 12:31:08 +0000

USD/JPY intraday: under pressure. Pivot: 96.3 Our preference: Short positions below 96.3 with targets @ 95.45 & 95.05 in extension. Alternative scenario: Above 96.3 look for further upside with 96.7 & 97 as targets. Comment: the pair is posting a rebound but stands below its resistance. Opinion published is an intraday view. Green Lines Represent [...]

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GBP Stages a Rally

Shayne Heffernan — Wed, 13 Mar 2013 12:29:46 +0000

GBP/USD intraday: the upside prevails. Pivot: 1.4885 Our preference: Long positions above 1.4885 with targets @ 1.498 & 1.501 in extension. Alternative scenario: Below 1.4885 look for further downside with 1.485 & 1.483 as targets. Comment: the pair has broken above a declining trend line and is challenging its resistance. Opinion published is an intraday [...]

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EUR/UD to Fall

Shayne Heffernan — Wed, 13 Mar 2013 12:28:28 +0000

EUR/USD intraday: under pressure. Pivot: 1.3065 Our preference: Short positions below 1.3065 with targets @ 1.2985 & 1.2955 in extension. Alternative scenario: Above 1.3065 look for further upside with 1.31 & 1.312 as targets. Comment: the pair is under pressure and is approaching its new support, the RSI is badly directed but is approaching its [...]

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Gold Price and Technicals

Shayne Heffernan — Wed, 13 Mar 2013 12:27:01 +0000

GOLD (Spot) intraday: rebound. Pivot: 1581.00 Our preference: LONG positions above 1581 with 1599 & 1609 in sight. Alternative scenario: The downside breakout of 1581 will open the way to 1575 & 1568. Comment: the break above 1587 is a positive signal that has opened a path to 1599. Opinion published is an intraday view. [...]

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Philippines Peso Outlook

Shayne Heffernan — Wed, 13 Mar 2013 03:56:42 +0000

Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bearish On 3/13/2013, FOREX PHP= closed above the lower band by 14.1%. Bollinger Bands are 72.02% narrower than normal. The narrow width of the bands suggests low volatility as compared to FOREX PHP=’s normal range. Therefore, the probability of volatility increasing with a sharp price [...]

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Shayne Heffernan on the Gold Price and China

Shayne Heffernan — Tue, 12 Mar 2013 14:03:26 +0000

Shayne Heffernan as an Economist, trader and venture capitalist writes about a possible gold backing of the Chinese Renminbi. If one compares the dollar amount of base money with the gold reserves, it shows that the dollar is only covered to 16 percent now, in 1980 that number was 168% – because the price of [...]

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GBP Shrinks as Economy Stalls

Shayne Heffernan — Tue, 12 Mar 2013 12:46:39 +0000

GBP/USD intraday: the downside prevails. Pivot: 1.4915 Our preference: Short positions below 1.4915 with targets @ 1.483 & 1.479 in extension. Alternative scenario: Above 1.4915 look for further upside with 1.496 & 1.5025 as targets. Comment: the pair is rebounding but stands below its resistance, the RSI stands below its neutrality area. Opinion published is [...]

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EURUSD Moves Higher Despite Fundamentals

Shayne Heffernan — Tue, 12 Mar 2013 12:44:09 +0000

EURUSD Moves Higher Despite Fundamentals EUR/USD intraday: the bias remains bullish. Pivot: 1.2985 Our preference: Long positions above 1.2985 with targets @ 1.3055 & 1.3075 in extension. Alternative scenario: Below 1.2985 look for further downside with 1.2955 & 1.2915 as targets. Comment: the pair is rebounding on its support as the RSI is reversing up [...]

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Britian GBP Update: Economy in Recession

Shayne Heffernan — Tue, 12 Mar 2013 12:16:41 +0000

British industrial production fell sharply in January, official figures show, raising fears that the country will suffer its third recession in not much more than four years. The Office for National Statistics said industrial production dropped a monthly rate of 1.2 percent from December, in contrast to expectations for a 0.2 percent rise. Industrial output [...]

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Europe in Recession

Shayne Heffernan — Tue, 12 Mar 2013 04:55:45 +0000

Europe in Recession Data confirms recession in the eurozone’s weakest economies last year, breathing new life into a heated debate on whether aggressive austerity measures may come at the cost of economic growth. The dire individual statistics for Italy, Greece, Portugal and Cyprus come just days ahead of a EU summit where the bloc’s leaders [...]

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Japan Manipulates Yen, JPY Heads to 100

Shayne Heffernan — Mon, 11 Mar 2013 13:10:43 +0000

USD/JPY intraday: further upside. Pivot: 95.45 Our preference: Long positions above 95.45 with targets @ 96.5 & 96.8 in extension. Alternative scenario: Below 95.45 look for further downside with 94.8 & 94.35 as targets. Comment: the pair remains on the upside and should reach its previous high, the RSI stands above its neutrality area and [...]

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GBP Continues Slide

Shayne Heffernan — Mon, 11 Mar 2013 13:07:43 +0000

GBP/USD intraday: the downside prevails. Pivot: 1.496 Our preference: Short positions below 1.496 with targets @ 1.4865 & 1.4835 in extension. Alternative scenario: Above 1.496 look for further upside with 1.5025 & 1.5075 as targets. Comment: the pair is breaking below its previous low and should face further weakness. Opinion published is an intraday view. [...]

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EUR/USD Heads to $1.29

Shayne Heffernan — Mon, 11 Mar 2013 13:06:26 +0000

MARKETS USD near a 3-1/2-year high against the JPY. USD at 96.13 JPY, about 0.15% above its late U.S. levels and not far from Friday’s high of 96.60 yen, which was its highest level since Aug. 12th, 2009. FACTORS The $639 trillion OTC derivatives market are now required under the 2010 Dodd-Frank Act to have [...]

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Singapore Dollar, Ringgit, Thai Baht Move Lower

Shayne Heffernan — Mon, 11 Mar 2013 02:20:59 +0000

ASEAN Currencies are among Shayne Heffernan’s best buys. Most notably the Singapore Dollar and the Thai Baht are rated strong buys at HeffCap. Singapore’s trade-dependent economy grew 1.3 percent in 2012, a touch above the advance estimate of 1.2 percent, the Ministry of Trade and Industry said in a statement. In 2011, the economy grew [...]

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Singapore Becomes China Currency Swap Hub

Shayne Heffernan — Sun, 10 Mar 2013 17:01:59 +0000

Singapore Becomes China Currency Swap Hub China and Singapore doubled a currency swap agreement to 300 billion yuan (US$48.3 billion) after the city-state became the third offshore center for the yuan last month. Under the new arrangement, the funds will be available to eligible financial institutions in Singapore and those operating in China for a [...]

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Bill Gross, JPY to Weaken to 100 Per Dollar on QE Concern

Paul A Ebeling Jr — Sun, 10 Mar 2013 13:16:31 +0000

Bill Gross, JPY to Weaken to 100 Per Dollar on QE Concern MFG, NMR PIMCO’s Bill Gross, manager of the world’s biggest bond fund, said the Yen is likely to weaken to 100 per USD on concern stimulus measures by the Bank of Japan will debase the currency. “We’re going to see a lot of [...]

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Technical Analysis: USD/JPY pair

Paul A Ebeling Jr — Sun, 10 Mar 2013 10:38:26 +0000

Technical Analysis: USD/JPY pair The USD/JPY pair rose sharply Friday as breaching the 94.53 mark triggering another Bullish momentum that took the pair around 95.81 levels. That mark is considered a possible level for a Bearish harmonic formation, but is still not confirmed. Therefore, we were Neutral Friday to see how the pair would react [...]

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China RMB Trading

Paul A Ebeling Jr — Thu, 07 Mar 2013 11:43:43 +0000

Innovation needed to further internationalize China’s RMB Yuan JPM To further internationalize China’s yuan, Beijing could adopt a two-pronged innovation strategy in products and institutional set-up, says a senior investment banker who is also a member of China’s top advisory body. The yuan has flourished overseas over the past years, Fang Fang, a member of [...]

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Japanese Yen Outlook

Paul A Ebeling Jr — Tue, 05 Mar 2013 15:42:10 +0000

Bank of Japan Nominees, Bold Policies Mixed with Caution The Japanese government’s nominees for the Bank of Japan’s 2 deputy governors offer contrasting policy views Tuesday, one described a bold path to meet an inflation target and the other declined to commit to unconventional policy steps. The differing POVs could raise questions as to how [...]

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ASEAN FX, Peso, Baht, Ringgit, Singapore Dollar

Shayne Heffernan — Mon, 04 Mar 2013 21:03:42 +0000

ASEAN FX, Peso, Baht, Ringgit, Singapore Dollar Peso The Philippine peso remained one of the fastest appreciating Asian currencies in the first two months of 2013 on the back of a surge in foreign “hot money.” Closing at 40.66 against the US dollar on Feb. 28, the peso had strengthened by nearly 1 percent since [...]

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Indonesia Rupiah Outlook

Shayne Heffernan — Mon, 04 Mar 2013 17:39:45 +0000

Indonesia Rupiah Outlook Indonesia’s trade balance in January 2013 was at a deficit of US$ 171 million, the consequence of import demand exceeding exports, which resulted in an increasing need for US dollars on the market. Investors are concerned the rupiah depreciation will persist as the market dollar demand grows compared to foreign exchange gains [...]

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Forex Trading Signals

Shayne Heffernan — Mon, 04 Mar 2013 10:58:45 +0000

Forex Trading Signals Trading Signals are powerful tools which help Forex and CFD traders recognize – and take advantage of – market momentum. Delivered by Trading Central, an industry-leading signal provider, these signals indicate market trends with simple up and down arrows. Markets.com Live Account holders who deposit over $2,000 can take advantage of Trading [...]

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Foreign Exchange Update

Shayne Heffernan — Mon, 04 Mar 2013 08:42:07 +0000

Foreign Exchange Update The euro hovered near a 2-1/2 month low on Monday while the USD stayed close to a six-month high versus a basket of currencies as signs of improvement in the U.S.economy stood in stark contrast to a series of weak euro zone data. FACTORS Yen Gains Versus All Peers on Europe concerns [...]

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Most Currencies Have Peaked Against the US Dollar

Paul A Ebeling Jr — Mon, 04 Mar 2013 05:37:49 +0000

Most Currencies Have Peaked Against the US Dollar USD, JPY, EUR. DB Technical and fundamental factors are Bullish for the USD, says Bilal Hafeez, currency strategist at Deutsche Bank NYSE:DB. We are hearing some “experts” that the US Federal Reserve’s massive easing program has set off a “currency war, : the US Dollar Index, which [...]

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GBP/USD Outlook

Shayne Heffernan — Sun, 03 Mar 2013 20:17:08 +0000

GBP/USD Outlook Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bearish Bollinger Bands are 130.98% wider than normal. The large width of the bands suggest high volatility as compared to FOREX GBP=’s normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the [...]

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Fx Report: EUR/USD pair Bearish

Paul A Ebeling Jr — Sun, 03 Mar 2013 07:18:15 +0000

Fx Report: EUR/USD pair Bearish, Testing Handle; 1.2875-1.2885 Zone Next ? Bearish continuation: The EUR/USD continued its downward course after a couple sessions of consolidation. The 4H chart shows the breakdown during the 28 Feb US session, a pullback during the 1 Mar Asian session, and then a continuation through the EU session. The moving [...]

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DXY, EUR/USD, GBP/USD, USD/CHF, EUR/CHF, USD/JPY, AUD/USD, USD/CAD

Paul A Ebeling Jr — Sun, 03 Mar 2013 06:37:23 +0000

US Dollar Finishes at Best Mark Since mid-August DXY, EUR/USD, GBP/USD, USD/CHF, EUR/CHF, USD/JPY, AUD/USD, USD/CAD, 10-Yr: +08/32..1.851%.. USD/JPY: 93.61.. EUR/USD: 1.3015 The USD Index rose to 82.50 in early trade, tapping its best level since the mid=August. The Index peaked just after Friday’s data, and dropped to 82.25 where action held for most of [...]

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US Treasuries Posted Gains on the Week

Paul A Ebeling Jr — Sun, 03 Mar 2013 06:34:43 +0000

US Treasuries Posted Gains on the Week 10-Yr: +07/32..1.853%.. USD/JPY: 93.56.. EUR/USD: 1.3025 US Treasuries posted solid gains on the week thanks to Monday’s flight to safety that developed after the Italian election failed to provide a winner. Tuesday and Wednesday, US Fed Chairman Ben Bernanke spoke in front of both the Senate Banking Committee [...]

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Weak Yen Hurts South Korea

Shayne Heffernan — Fri, 01 Mar 2013 11:48:50 +0000

South Korean automakers, steelmakers and others are expected to see their profitability decline as they lose their foothold in overseas markets due mainly to the weakening Japanese yen, a report said Thursday. According to the report compiled by the Korea Trade-Investment Promotion Agency, Japanese carmakers saw their combined sales in the U.S. soar 16 percent [...]

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Bernanke says, the US is Not Engaged in a Currency War

Paul A Ebeling Jr — Fri, 01 Mar 2013 11:29:06 +0000

Bernanke says, the US is Not Engaged in a Currency War US Federal Reserve Chairman Ben Bernanke strongly defended the US central bank’s monetary stimulus before Congress Tuesday, easing financial market worries over a possible early retreat from bond buys. The Fed chairman also urged lawmakers to avoid sharp spending cuts set to go into [...]

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USD Tracking for Best Close in More Than 6 Months

Shayne Heffernan — Thu, 28 Feb 2013 20:13:43 +0000

USD Tracking for Best Close in More Than 6 Months DXY, EUR/USD. GBP/USD. USD/CHF, EUR/CHF, USD/JPY, AUD/USD, USD/CAD, The US Dollar Index holding near session highs as action presses the 81.90 mark. Thursday’s bid has the Index on track for its best close since the middle of August 2012 as trade presses the 82.00 mark. [...]

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Vietnam’s Central Bank intervenes in local Gold market

Paul A Ebeling Jr — Thu, 28 Feb 2013 15:45:36 +0000

Vietnam’s Central Bank intervenes in local Gold market The State Bank of Vietnam SBV will intervene in the local Gold market to curb the rising disparity between local and global gold prices, SBV deputy governor Le Minh Hung said. His statement was made after Gold prices in Vietnam were traded much lower compared to the [...]

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Weak JPY attracts Chinese online shoppers

Paul A Ebeling Jr — Thu, 28 Feb 2013 15:43:37 +0000

Weak JPY attracts Chinese online shoppers AMZN, EBAY An increasing number of Chinese Internet users are turning their attention toward Japanese shopping websites as a weakening yen has made goods cheaper for overseas buyers. The Japanese currency at one point touched 15.19 Yen ($0.17 US) per Yuan on 24 February, its lowest in more than [...]

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Foreign Exchange Update

Shayne Heffernan — Thu, 28 Feb 2013 07:18:29 +0000

Foreign Exchange Update MARKETS The euro was firm on Thursday, EUR at $1.3134, having bounced from an eight-week trough of $1.3018 earlier in the week. Against the yen, the euro fetched 121.14, up from a five-week low of 120.20. FACTORS Smooth auction of Italian government bonds helped ease worriesabout the election Yen Falls for Third [...]

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BOJ’s Kiuchi Says 2% Inflation Target Not Easy

Paul A Ebeling Jr — Thu, 28 Feb 2013 05:35:06 +0000

BOJ’s Kiuchi Says 2% Inflation Target Not Easy A Bank of Japan policy board member stuck to his view Thursday that implementing a 2% inflation remains difficult, insisting that pursuing such a goal for now could impair the credibility of monetary policy and disturb communication with financial markets. “There is no change in my view [...]

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New York FX Update

Paul A Ebeling Jr — Mon, 25 Feb 2013 21:10:25 +0000

EUR Falls, Worries of Hung Parliament in Italy in the Air DXY, EUR/USD. GBP/USD. USD/CHF, EUR/CHF, USD/JPY, AUD/USD, USD/CAD 10-Yr: +18/32..1.897%.. USD/JPY: 92.89.. EUR/USD: 1.3110 The US Dollar Index has rallied to session highs near 81.90 with Monday’s gains running it to a 6 month high. Traders are now focusing on the 82.20 level as [...]

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Italian Elections, What it Means for Europe

Paul A Ebeling Jr — Sun, 24 Feb 2013 05:35:56 +0000

Italian Elections, What it Means for Europe EUR/USD, EUR/ JPY On Sunday, 24 February, Monday 25th February Italy will hold its 1st general election since Y 2008. The results should be known after 1400 GMT on the 25th when polling stations close, and exit polls released. Italy does not allow polling in the week leading [...]

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AUD/USD Outlook

Shayne Heffernan — Fri, 22 Feb 2013 14:45:43 +0000

AUD/USD intraday: further upside. Pivot: 1.029 Our preference: Long positions above 1.029 with targets @ 1.0365 & 1.0385 in extension. Alternative scenario: Below 1.029 look for further downside with 1.0265 & 1.0215 as targets. Comment: the RSI calls for a new upleg. Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent [...]

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Sell USD/JPY

Shayne Heffernan — Fri, 22 Feb 2013 14:43:59 +0000

USD/JPY intraday: key ST resistance at 93.5. Pivot: 93.5 Our preference: Short positions below 93.5 with targets @ 92.75 & 92.2 in extension. Alternative scenario: Above 93.5 look for further upside with 93.85 & 94.2 as targets. Comment: the 93.5 resistance area maintains a downside pressure and the RSI lacks upward momentum. Opinion published is [...]

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GBP/USD Heads to 1.50

Shayne Heffernan — Fri, 22 Feb 2013 14:42:37 +0000

GBP/USD intraday: key ST resistance at 1.533. Pivot: 1.533 Our preference: Short positions below 1.533 with targets @ 1.5215 & 1.513 in extension. Alternative scenario: Above 1.533 look for further upside with 1.541 & 1.5445 as targets. Comment: as long as the resistance at 1.533 is not surpassed, the risk of the break below 1.5215 [...]

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Gold Price Moving Higher

Shayne Heffernan — Fri, 22 Feb 2013 14:40:16 +0000

GOLD (Spot) intraday: the bias remains bullish. Pivot: 1570.00 Our preference: LONG positions above 1570 with targets @ 1597 & 1619. Alternative scenario: The downside penetration of 1570 will call for 1555 & 1525. Comment: the RSI is mixed with a bullish bias. Opinion published is an intraday view. Green Lines Represent Resistance | Red [...]

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USD Taps Best Mark Since August

Paul A Ebeling Jr — Fri, 22 Feb 2013 10:26:46 +0000

USD Taps Best Mark Since August DXY, EUR/USD. GBP/USD. USD/CHF, EUR/CHF, USD/JPY, AUD/USD, USD/CAD, 10-Yr: +12/32..1.971%.. USD/JPY: 93.03.. EUR/USD: 1.3173 The USD Index has rallied towards session highs near 81.50 after post-data selling dropped it to 81.20. Thursday’s bid has the Index on track for the 5th day of gainers in the past 7, and [...]

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US Treasuries yields moved off their highs to the support

Paul A Ebeling Jr — Fri, 22 Feb 2013 10:25:11 +0000

10-Yr: +09/32..1.982%.. USD/JPY: 93.15.. EUR/USD: 1.3179 US Treasuries moved off their highs ahead of the cash close as equity markets climbed off their worst levels. The complex had been trending higher over the course of the session after overnight weakness in both Asian and European equities sparked a safety bid. Buyers remained in control following [...]

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George Soros Currency Bets

Paul A Ebeling Jr — Wed, 20 Feb 2013 10:39:09 +0000

George Soros is going after the Japanese Yen JPY and the Great British Pound GBP. In the case of the Yen, the new Prime Minister Shinzo Abe has come into power with an aggressive easing agenda both monetary and fiscal. The JPY has been getting hammered since November. In the case of the GBP, the [...]

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US Dollar Falls to 80.45

Paul A Ebeling Jr — Tue, 19 Feb 2013 20:49:22 +0000

US Dollar Falls to 80.45 DXY, EUR/USD. GBP/USD. USD/CHF, EUR/CHF, USD/JPY, AUD/USD, USD/CAD, The US Dollar Index gave up its early gains and now holds small losses near 80.45. An early bid ran the Index above the 80.65 level, but sellers emerge as it prepared for a test of its best level in Y 2013. [...]

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Did Interest Rates Bottom in July 2012?

LiveTradingNews.com wire staff — Sun, 17 Feb 2013 11:39:56 +0000

Did Interest Rates Bottom in July 2012? 15 February 2013 What is going on with the Dow Jones? See in the BEV chart below how currently the Dow Jones has yet to rise up to the red line for a new all-time high. It’s been 1,350 trading days since the October 2007′s all-time high. The [...]

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Bernanke Abdicates World Leadership Role on Currencies

Paul A Ebeling Jr — Sun, 17 Feb 2013 10:54:21 +0000

Bernanke Abdicates World Leadership Role on Currencies Central banks around the world are meddling with their currencies through massive easing, none more so than Federal Reserve Chairman Ben Bernanke, according to a Wall Street Journal editorial. “The Fed is supposed to be the steward of the dollar, which is still the world’s reserve currency,” Journal [...]

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Fx Trade Idea: USD/JPY – Stand Aside

Paul A Ebeling Jr — Sun, 17 Feb 2013 10:47:06 +0000

Fx Trade Idea: USD/JPY – Stand Aside USD/JPY – 93.51 Trend : Up Tenkan-Sen level: 93.46 Kijun-Sen level: 93.30 Ichimoku cloud top: 93.83 Ichimoku cloud bottom: 93.36 New strategy: Stand aside Although USD’s rebounded after finding renewed buying interests at 92.83 suggests an intra-day low is formed there and consolidation with mild upside bias is [...]

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EUR/USD, EUR/JPY, GBP/USD, ENI, PPR, AEG, AAYKY, DTEGY, FINMY Outlook

Paul A Ebeling Jr — Fri, 15 Feb 2013 12:41:36 +0000

EU Market Update: G20 will not single out countries in FX communiqué EUR/USD, EUR/JPY, GBP/USD, , ENI, PPR, AEG, AAYKY, DTEGY, FINMY Economic Data Russia Narrow Money Supply w/e Feb 11th (RUB): 7.37T v 7.33T prior Spain Jan Consumer Price Index M/M: -1.3% v -1.4%e; Y/Y: 2.7% v 2.6%e Spain Jan CPI EU Harmonized M/M: [...]

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Australia’s “Aussie” is Strong

Paul A Ebeling Jr — Fri, 15 Feb 2013 12:27:54 +0000

Australia’s “Aussie” is Strong AUD A board member of Australia’s central bank Friday said the nation’s strong currency was among the Key issues facing policymakers. “In the short to medium term one of the issues that confront us and produce a need to adjust, is this incredibly high exchange rate in real terms, as high [...]

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EUR/USD Falls

Shayne Heffernan — Thu, 14 Feb 2013 14:14:21 +0000

EUR/USD intraday: the downside prevails. Pivot: 1.338 Our preference: Short positions below 1.338 with targets @ 1.3305 & 1.326 in extension. Alternative scenario: Above 1.338 look for further upside with 1.3415 & 1.344 as targets. Comment: the RSI is bearish and calls for further downside. Opinion published is an intraday view. Green Lines Represent Resistance [...]

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USD/CAD Headed Lower

Shayne Heffernan — Thu, 14 Feb 2013 14:11:49 +0000

USD/CAD intraday: under pressure. Pivot: 1.0035 Our preference: Short positions below 1.0035 with targets @ 0.9985 & 0.9965 in extension. Alternative scenario: Above 1.0035 look for further upside with 1.0065 & 1.0085 as targets. Comment: the RSI lacks upward momentum. Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels [...]

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USD/JPY Sell at 95

Shayne Heffernan — Thu, 14 Feb 2013 14:10:36 +0000

USD/JPY intraday: supported by a rising trend line. Pivot: 92.9 Our preference: Long positions above 92.9 with targets @ 93.85 & 94.45 in extension. Alternative scenario: Below 92.9 look for further downside with 92.4 & 92.1 as targets. Comment: the RSI lacks downward momentum. Opinion published is an intraday view. Green Lines Represent Resistance | [...]

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AUD/USD Finds Support

Shayne Heffernan — Thu, 14 Feb 2013 14:09:49 +0000

AUD/USD intraday: intraday support around 1.032. Pivot: 1.032 Our preference: Long positions above 1.032 with targets @ 1.037 & 1.04 in extension. Alternative scenario: Below 1.032 look for further downside with 1.0295 & 1.0255 as targets. Comment: the RSI is mixed and calls for caution. Opinion published is an intraday view. Green Lines Represent Resistance [...]

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USD/CHF Moving Higher

Shayne Heffernan — Thu, 14 Feb 2013 14:07:42 +0000

USD/CHF intraday: further advance. Pivot: 0.921 Our preference: Long positions above 0.921 with targets @ 0.925 & 0.929 in extension. Alternative scenario: Below 0.921 look for further downside with 0.9175 & 0.915 as targets. Comment: the break above 0.921 is a positive signal that has opened a path to 0.925. Opinion published is an intraday [...]

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Gold, Silver and Oil

Paul A Ebeling Jr — Wed, 13 Feb 2013 19:38:25 +0000

US Gold prices finished lower Wednesday, the market is hold in a tight range which is discourages new buying interest. A slightly higher USD put some on precious metals early in the session, but overall the influence of the USD was light. Apr Gold on the Comex division of the Nymex settled at 1,645.10 oz, [...]

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Currencies: DXY Tests 80, market waits for clarity

Paul A Ebeling Jr — Wed, 13 Feb 2013 19:10:11 +0000

Currencies: DXY Tests 80, market waits for clarity USD, EUR, GBP, JPY 10-Yr: -10/32..2.006%%.. USD/JPY: 93.39.. EUR/USD: 1.3435 Currency Markets Await Clarity on Currency Policies from G-20 The US Dollar Index slipped below the 80 level overnight as risk on trade led to selling pressure. The DXY was able to hold the 79.85, and is [...]

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GBP/USD to Fall

Shayne Heffernan — Wed, 13 Feb 2013 15:07:18 +0000

GBP/USD intraday: the downside prevails. Pivot: 1.5635 Our preference: Short positions below 1.5635 with targets @ 1.551 & 1.545 in extension. Alternative scenario: Above 1.5635 look for further upside with 1.5685 & 1.574 as targets. Comment: the break below the support at 1.5635 triggered a bearish acceleration to the support at 1.551. Opinion published is [...]

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EUR/USD to Test 1.36

Shayne Heffernan — Wed, 13 Feb 2013 15:05:52 +0000

EUR/USD intraday: further advance. Pivot: 1.3455 Our preference: Long positions above 1.3455 with targets @ 1.3575 & 1.3595 in extension. Alternative scenario: Below 1.3455 look for further downside with 1.3405 & 1.335 as targets. Comment: the RSI broke above a bearish trend line. Opinion published is an intraday view. Green Lines Represent Resistance | Red [...]

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USD/CHF Moving Higher

Shayne Heffernan — Tue, 12 Feb 2013 07:32:47 +0000

USD/CHF intraday: further upside. Pivot: 0.9150. Our preference: LONG positions above 0.915 with 0.922 & 0.925 as next targets. Alternative scenario: The downside penetration of 0.915 will call for a slide towards 0.911 & 0.906. Comment: the pair stands above its support and remains on the upside, the RSI stands above its neutrak area and [...]

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AUD/USD Heads to Parity

Shayne Heffernan — Tue, 12 Feb 2013 07:31:05 +0000

AUD/USD intraday: the downside prevails. Pivot: 1.029 Our preference: Short positions below 1.029 with targets @ 1.023 & 1.02 in extension. Alternative scenario: Above 1.029 look for further upside with 1.0325 & 1.035 as targets. Comment: the pair has broken below its previous low and remains on the downside, the RSI stands below its neutral [...]

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Sell USD/JPY over 95

Shayne Heffernan — Tue, 12 Feb 2013 07:29:47 +0000

USD/JPY intraday: further advance. Pivot: 93.15. Our preference: SHORT positions above 95.15 with targets @ 90.45 & 89.75. The downside breakout of 93.15 will open the way to 92.65 & 92.2. Comment: the pair has broken above its previous high and should post further advance as the RSI is turning up, get ready to sell. [...]

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USD CAD to Rally

Shayne Heffernan — Tue, 12 Feb 2013 07:27:00 +0000

USD/CAD intraday: further advance. Pivot: 1.0035 Our preference: Long positions above 1.0035 with targets @ 1.0085 & 1.01 in extension. Alternative scenario: Below 1.0035 look for further downside with 1 & 0.9985 as targets. Comment: the pair has rebounded on its new support and should post further advance as the RSI is turning up. Opinion [...]

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Sell GBP USD

Shayne Heffernan — Tue, 12 Feb 2013 07:25:29 +0000

GBP/USD intraday: under pressure. Pivot: 1.5700. Our preference: SHORT positions @ 1.569 with targets @ 1.563 & 1.557. Alternative scenario: The upside penetration of 1.57 will call for 1.5745 & 1.578. Comment: the pair remains under pressure and is challenging its support, the RSI stands below its neutral area and is turning down. Opinion published [...]

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