Obsidian

CHF Chart (Weekly CFTC Commitments of Traders Report)

CAD Chart (Weekly CFTC Commitments of Traders Report)

JPY Chart (Weekly CFTC Commitments of Traders Report)

GBP Chart (Weekly CFTC Commitments of Traders Report)

EUR Chart (Weekly CFTC Commitments of Traders Report)

you should know how to convince the bank! :rofl:

Summary of open orders and positions: AUD/USD

history repeats itself...will buy more again around 1.2040 level

I think jpy will not pass 84 so easy and retrace back to 81.50 but it is better to wait till charts confirm this

U.S. CPI Core: +0.1% vs. +0.20% exp. vs. +0.20% prev Canada Manufacturing Sales -0.9% vs. +0.20% exp. vs. +0.60% prev

Summary of open orders and positions: GBP/USD

Summary of open orders and positions: EUR/USD

EU Trade Balance (EUR bln) -7.6 vs. -7.0 exp. vs. +9.1r prev eur/gbp is falling again...

probably 1650/48 zone yansen..upside may be capped at 1.671/5 today. if 1684 is breached, then look for 1732...a breaking below the 1630 level would send gold down to 1613 level. if it does not stop there, then 1561 is the next target...

EUR/USD: The US dollar weakened against the euro, despite the data released last night showed the U.S. economy continues to improve. EUR/USD was in a consolidation mode during the Asian and London sessions. EUR/USD climbed after failing to break below 1.3000 support level. Now the pair is trading at 1.3085. In order to remain bullish, price needs to break 1.3160. If the bulls can penetrate this barrier, the next and important resistance, which is also daily moving average(100), is located at 1.3220. If the bears increase the pressure and take over, the pair will revisit support at 1.3000. Again markets will be most focused on figures that provide a measure of strength of the U.S. economy. Capacity Utilization Rate, Industrial Production, University of Michigan Consumer Sentiment and CPI numbers will be released today. GBP/USD: GBP/USD had been very choppy yesterday. The near-term news has undoubtedly got better, certainly than was the case in November. It is also possible that funding and credit conditions could improve. As a result, the pair rose and tested EMA(34). This is a critical level for the Cable. It will need to break above 1.5700 before challenging 1.5810 on its way to 1.6000. This is possible for sure, but it is early to tell. However if price turns bearish and the bears follow through, the pair’s next targets will be 1.5530 and 1.5470. AUD/USD: Data this month has shown just how much pain the strong AUD has inflicted on Australia’s economy. However demand from central banks seeking to diversify their reserves has been holding the AUD above the parity for a long time. AUD/USD is trading at 1.0543 by the time of typing and 4-Hour chart is indicating that we could see prices pushing higher. The pair stopped its fall yesterday at the 38.2 fibonacci level and bounced back to 1.0500 resistance after it broke the wedge formation. If the pair holds above 1.0500, look for 1.0599 and 1.0690. If the bears win the battle, there will be support at 1.0477 and 1.0400. USD/CHF: USD and EUR slipped against CHF after the Swiss National Bank kept policy steady as expected. The SNB doubled its growth forecast for 2012 and said it was determined to enforce its cap on the strong franc at 1.20 per euro because it was helping stabilize the economy. The Swiss franc strengthened after the SNB announcement and pulled back to 0.9200. If price holds above 0.9200 and turns bullish, look for resistance at 0.9287 and 0.9347. If it can’t stay above 0.9200, look for support at 0.9140 and 0.9090.

not bad closing 1/2, moving sl to entry, 1.0595 next stop?

Summary of open orders and positions

Today's US data is generally better than forecasts but jpy looks heavy...

we may see another attempt to 1.0550 and 1.06 meanwhile also watching jpy&crosses closely...

Monetary policy assessment of 15 March 2012: http://www.snb.ch/en/mmr/reference/pre_20120315/source/pre_20120315.en.pdf

EUR/USD: The markets continue to react to Fed's statement. EUR/USD fell to a one-month low of 1.3004. The markets are still nervous about the eurozone and the situation in Europe has been driving everything. Now the things are changing as the recent U.S. economic data suggest that the overall economy and customer sentiment are improving. If the recent economic strength continues, then the Fed will be less likely to launch another round of bond buying. According to the daily charts, the euro is under the selling pressure when the market trades below 1.3050. If the pair fails to bounce back up, that would give the bears the opportunity to break the 1.30 level. Once the pair is below this crucial level, look for 1.2950 and 1.2873. There is plenty of resistance to be concerned about to the upside with daily moving average(50) at 1.3090 and the daily resistance at 1.3160 (38.2% Fibonacci level). Bear in mind that there are 4 key news items for the greenback including PPI, Unemployment Claims, TIC Long-Term purchases and Philadelphia Fed Manufacturing Index numbers. GBP/USD: GBP/USD had another volatile day. The pair tried to break 34EMA, which has been acting like a S/R line, but failed to break this barrier as Fitch Ratings changed the outlook on UK from “stable” to “negative”. Currently the pair is stuck between 1.5740 and 1.5640. 1.5600 is an important level for the bulls to protect but if it gives way, the pair would fall to 1.55 and possibly 1.53 in fairly quick order. If prices rise from this level, look for resistance at 1.5700, 1.5740 and 1.5815. It appears that there is still a lot of possible headwinds in both directions so the pair is probably best left alone until the range is broken out of completely. USD/CHF: USD/CHF is strongly bullish and it is quite possible that the pair will continue rising as long as it stays above 0.9250/00 zone. If the pair can stay above 0.9300, buying pressure will increase and its next targets will be 0.9380, 0.9474 and 0.9600. If prices turn bearish from here, support will be seen at 0.9250, 0.9200 and 0.9163 levels. Keep in mind that the pair is a slightly manipulated one, because of the SNB and its 1.20 EUR/CHF floor. USD/JPY: USD continued to climb against JPY and this is the sixth straight bullish week in a row. I have to admit that BoJ is doing a better job this time. 84.00/10 zone may slow the bulls down for a while though. This is an important level because a bearish weekly trend line is passing as well. If the bulls can break and hold above the 84 level, the pair’s next target will be 85.50. If it fails to break above and turns bearish, look for support at 83.10, 82.60 and 82.25.

nice summary Tams...hope beginners are reading posts such as these

A picture paints a thousands words... Luis de Guindos (left) and Jean Claude Juncker (right)

I think it is worth watching aud/nzd, may consider going long above 1.2920 aud/usd longs seem to be dangerous at the moments...gold is falling pretty fast...

The United States has asked Russia to warn Iran it has a last chance in negotiations expected in April to avoid military strikes against its nuclear programme, a report said Wednesday. Russia's Kommersant daily said US Secretary of State Hillary Clinton had told Russian Foreign Minister Sergei Lavrov that the talks between Iran and world powers were a "last chance" to resolve the crisis. "She asked her Russian colleague to make this clear to the Iranian authorities" as Washington has no diplomatic relations with the Islamic Republic, the newspaper said. Their discussion took place after Monday's UN Security Council meeting on Syria in New York, it added. The newspaper said that a precise date and location for the talks is still being decided. Turkey's Foreign Minister Ahmet Davutoglu said last month he expected the discussions to start in April at the latest. The report gave no further details on the kind of military action Tehran faced but it said Russian diplomats at the United Nations believed it was a "matter of when, not if" Israel would strike against Iran. Israel, as well as its main ally the United States, has repeatedly refused to rule out using force against Iran over its nuclear programme, which the West suspects is aimed at making nuclear weapons, a claim denied by Tehran. Russia has always warned in public that military action against Iran risked having catastrophic consequences and has said that the crisis must be solved diplomatically. But Kommersant said the Russian military was now at a state of "mobilised readiness" to protect the country from the knock-on effects of a possible conflict like an influx of refugees into neighbouring Azerbaijan. Source: AFP