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Showing results for tags 'eur/usd'.
Found 8 results
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Minors: EUR/CAD, JULY 16TH. Today's analysis was for the minor pair of Euro versus Canadian dollar. This trade has already played out and our take profit has been hit. Nonetheless, we would still like to post it as a good example of a trade well traded. In this Intra day trade, entry was nearly at the day's high and exit and stops predefined. Once the trade moved 25 points in our favor the trailing stop loss kicked in and from there on it was a risk free trade, till a few minutes back when our TP was hit giving us 34 green pips for the day. At TradeCuts, no opportunity is ever lost. If one trade is missed , there are newer and fresher ones just round the corner.To take advantage of our analysis and precision entries and exits, do keep checking our updates on the Major, Minor and Commodity pairs. Feel free to write to us and read our blog articles for deeper insights into some of the happening pairs, the latest one being NZD/USD and dont forget to post your comments. Best TradeCuts.
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As an example, a One Cancels The Other Order can be seen in a trader sets a buy order in the EUR/USD at 1.30 along with a sell order in the same currency pair at 1.31. Once the first order is triggered, the other order will be immediately canceled, so that dual positions are not open in the same currency.
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An example of an Offsetting Position could be seen in a trader was currently long in the EUR/USD and then the trader decides to open a second position (a short) in the exact same currency pair. The total effect of these two trades will be neutral, and this can help to eliminate trading risk.
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The Major Pairs have characteristics that are not generally seen in less popular pairs. Some of these characteristics include lower volatility levels and lower spread prices, which makes trades in these currencies very attractive.
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An example of the Left-Hand Side can be seen in the EUR/USD bid ask price of 1.3000/1.3003. In this case, the Left-Hand Side can be seen at 1.3000.
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Can Eur hit 1.2700 area again??
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An early attempt by the USD to push higher failed to gather much traction as the European session got underway. EUR/USD failed to sustain a dip below USD1.4500 despite a EUR negative FT report that Portugal faces the risk of a downgrade. While USD/JPY remains off its overnight lows it continues to struggle to pull back to 92.50. Friday’s US payrolls data proved that the market had got too far ahead of itself with respect to optimism on the US economy. The slowdown in job losses did slow markedly during Q4 (to a monthly average of -69K from -199K in Q3), but the USD was priced for a return to job creation in December to sustain its view that the Fed is on the cusp of changing its policy stance. Comments from the Fed’s Bullard in Asian hours that rates would remain low “for quite some time” were another blow to sentiment to the USD. Going forward, the market is likely to come to terms with the outlook that while the worst is likely over for the US economy, 2010 will likely prove to be a tough year for economic growth. The USD, however, is likely to garner some support from the outlook that the Fed is likely to be out of the starting blocks well ahead of the BoJ and the ECB with respect to rate rises this cycle. Now that payrolls data are out of the way and with this week’s data calendar relatively light attention can be expected to turn towards US earnings session which kicks off today. Strong Chinese exports data overnight underpinned risk appetite. Exports rose 17.7% y/y in December boosting expectations for economic growth in the region. Chinese lending data was also strong. This will ensure fears remains about the potential for asset price bubbles in China though these fears will be soothed to some extent by measures announced by the State Council aimed at cooling the property market. AUD/USD has clawed its way up to USD0.9319 this morning aided by a rise in job vacancies to a 2.5 year high. The strong labour market is rekindling expectations that the RBA could hike rates again in Feb. Strong house price data in NZ has helped push the NZD above USD0.7400. USD/CAD, however, has backed off from a test of 1.0250.
