EURUSD Et Al Trading

[Vinayak 10]

I make things pretty crystal clear about what to do with the EUR/USD.

[slick60 10]

I make things pretty crystal clear about what to do with the EUR/USD.

 

What happens if there is a split in power?

 

slick60

[autotrader1 10]

EUR/CHF DAILY as of Wednesday, 27 February, 2013

A Daily black body has formed (because prices closed lower than they opened).

For the past 10 Daily candlestick bars as of 26/02/13, there are 3 white candles versus 7 black candles with a net of 4 black candles.

For the past 50 Daily candlestick bars as of 26/02/13, there are 22 white candles versus 24 black candles with a net of 2 black candles.

A Daily long lower shadow has formed. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).Three Daily black candles has formed during the last three Daily bars. Although these candles were not big enough to create three Daily black crows, the steady downward pattern is bearish.

Euro Dollar / Swiss Franc broke below the downside support level of 1.23, 1 day ago. This is a bearish sign. This previous support level of 1.23 may now provide upside resistance. Prices having only declined 0.06% since the breakout, the validity of the breakout is questionable.

Euro Dollar / Swiss Franc closed below the lower Bollinger Band by 10.1%. This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely. Bollinger Bands are 97.38% wider than normal. The large width of the Bollinger Bands suggest high volatility as compared to Euro Dollar / Swiss Franc'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 Bollinger bands have been in this wide range for 33 days. The probability of prices consolidating into a less volatile trading range increases the longer the Bollinger Bands remain in this wide range.

EURUSD might retracment intraday to 1.3104 before declining.

Mid-term: Sell

Intraday: Buy (Target: 13104; Stop loss: 1.2986)

[Vinayak 10]

US PPI - Thursday

 

The PPI has is a leading indicator of inflation and it impacts company's profits positively when it rises. It is understood that a rising PPI increases costs to consumers, but the rising PPI benefits stocks and the currency; in this case the S&P 500, Dow Jones and the US dollar.

 

Euro zone Core CPI - Friday

 

This is the Core CPI we are talking about and so food and energy sectors are not included.

Higher CPI means that one Euro buys less goods. The ECB may then decide to raise the interest rates.

 

US Core CPI - Friday

 

The exact same effect of the Euro zone CPI but this time the Fed will decide whether to increase or decrease interest rates based on the outcome.

[ntrader 10]

Cyprus bankrun, Pepe Grillo in Italy and Greece in deep recession; that doesn't sound good for the future of the Euro..

[Vinayak 10]

Mario Draghi: The Impact On The Euro

 

The euro has been on a bumpy ride the last few months, sort of like the Japanese Yen. A lot of the stuff that I am about to discuss here is extremely relevant to forex traders that focus on the major currency pairs like the EUR/USD and the EUR/JPY, even though it will be about one man and his impact on a currency.

 

Euro Minimum Bid Rate Announcement

 

Before we go any further, I want to point out why you should continue reading this article. There is a big event at 12:45PM GMT today (Thursday) and it concerns the Bid Rate decision. This will then be outshone by the European Central Bank (ECB) Press Conference that will take place 45 minutes later. Speculators will be hanging on to every remark that ECB President Mario Draghi makes as history has proved him to be a big mover and shaker of the financial markets. And especially the euro.

 

Past Performance: A Guarantee of Future Results?

 

Fundamental analysts should note that Draghi's comments are of high value and impact the markets greatly like they did in the first week of February 2013. Draghi spoke then at the ECB Press Conference with a warning note about the euro that was soaring at the time. The comments were enough to send the euro tumbling within minutes.

 

Read the rest of this article here: Mario Draghi: The Impact On The Euro - Seeking Alpha