Market review from Tradingforex

jimmy sergill

Active Trader
Oct 2, 2012
99
0
27
Mon, 08 Oct 2012 09:20:00 EDT
The dollar rose against most major currencies on early Monday after investors spent the weekend digesting a stronger-than-expected U.S. September jobs report, concluding the numbers did not indicate significant recovery was taking shape in the U.S. economy. The U.S. unemployment rate fell to 7.8% percent in September from 8.1% in August, the Bureau of Labour Statistics reported Friday. Employers added a net 114,000 jobs in September, while households reported that total employment rose by 873,000 in September following three months of little change. Meanwhile, the creation of just 114,000 new nonfarm payrolls reflected no major improvement from previous monthly jobs reports, investors concluded, which prompted many to take up long dollar positions early in Asian trading. Elsewhere, demand for safe-haven currencies like the dollar rose ahead of the release of output data out of Germany, Europe's largest economy. Germany will release month-on-month industrial output figures later in the day and until the numbers hit the wire, investors opted for safe-haven currencies such as the yen and the dollar. A group of eurozone finance ministers are due to meet on Monday in Brussels, and investors sold the euro to await any policy announcements that may come from the talks.
 

jimmy sergill

Active Trader
Oct 2, 2012
99
0
27
Euro under pressure due to uncertainty over Spain bailout

The euro was on the back foot on Tuesday as uncertainty about Spain persisted after euro zone ministers said the country did not need a bailout yet, dashing investors' hopes they might inch closer to a resolution of the debt problems of the region's fourth largest economy.
Caution on company earnings also kept risk assets, including the euro, in check, as investors weighed the impact of the global slowdown on corporate earnings due out this week.
The euro bought $1.2971 in early Asian trade, s lightly higher than l ate U.S. levels but s till about a full cent be low a two-week high of $1.3072 hit on Friday
 

jimmy sergill

Active Trader
Oct 2, 2012
99
0
27
Yuan steady, Chinese firms sell dollars after post-holiday influx

The yuan held steady on Wednesday as corporates sold dollars, which had flooded in since China's onshore market resumed trading on Monday after a week-long holiday last week
, traders said.
The post-holiday influx of dollars had put off a long-anticipated correction in the yuan, they said, and had helped the Chinese currency defy a rally in the dollar in global markets.
Spot yuan traded at 6.2873 versus the dollar at midday, after moving in a narrow range of 6.2866 and 6.2899, little changed compared with Tuesday's close of 6.2878.
 

jimmy sergill

Active Trader
Oct 2, 2012
99
0
27
Market outlook 10/11/12

GBP/USD hit 1.6034 during U.S. morning trade, the daily high; the pair subsequently consolidated at 1.6015, adding 0.07%.
Cable was likely to find support at 1.5960, the low of September 10 and resistance at 1.6083, the high of September 11.

EUR/USD hit 1.2913 during U.S. morning trade, the session high; the pair subsequently consolidated at 1.2897, inching up 0.09%.
The pair was likely to find near-term support at 1.2802, the low of October 1 and resistance at 1.2990, Tuesday’s high.

USD/CHF pulled back from 0.9431, the session high, to hit 0.9390 during European afternoon trade, slipping 0.13%.
The pair was likely to find support at 0.9321, Tuesday’s low and resistance at 0.9431, the session high and a seven-day high.
 

Alan58

Trader
Sep 14, 2012
17
0
12
Thank you for sharing guys,helpful informations.Still have a very long way to be right where you are.
 

jimmy sergill

Active Trader
Oct 2, 2012
99
0
27
Market outlook 10/12/12

EUR/USD was trading at 1.2939, up 0.09% at time of writing.
The pair was likely to find support at 1.2932, today’s low, and resistance at 19.3300, Monday’s high.

EUR/GBPwas trading at 0.8066, up 0.09% at time of writing.
The pair was likely to find support at 0.8023, Thursday’s low, and resistance at 0.8099, Tuesday’s high.

USD/JPY was trading at 78.40, up 0.08% at time of writing.
The pair was likely to find support at 77.95, Thursday’s low, and resistance at 78.71, Monday’s high.

EUR/JPY was trading at 101.54, up 0.27% at time of writing.
The pair was likely to find support at 100.15, Thursday’s low, and resistance at 102.45, Monday’s high.
 

jimmy sergill

Active Trader
Oct 2, 2012
99
0
27
Market outlook from Tradingforex

EUR/USD was trading at 1.2957, up 0.03% at time of writing.
The pair was likely to find support at 1.2824, Thursday’s low, and resistance at 1.3015, Monday’s high.

GBP/USD hit 1.6020 on Tuesday, the pair’s lowest since September 11; the pair subsequently consolidated at 1.6064 by close of trade on Friday, down 0.41% on the week.

AUD/USD hit 1.0292 on Thursday, the pair’s highest since October 2; the pair subsequently consolidated at 1.0230 by close of trade on Friday, still up 0.74% for the week.
 

sashoy

Trader
Oct 15, 2012
4
0
12
Do you think that Euro will continue raising against Dollars next days? I think so, but I have no solid ground for my saying.
 

jimmy sergill

Active Trader
Oct 2, 2012
99
0
27
Market outlook from Tradingforex

GBP/USDhit 1.6022 during U.S. morning trade, the daily low, the pair subsequently consolidated at 1.6053, edging down 0.14%.
Cable was likely to find support at 1.5983, Thursday’s low and resistance at 1.6141, the high of October 8.

EUR/USD pulled back from 1.2979, the session high, to hit 1.2938 during U.S. morning trade, slipping 0.11%.
The pair was likely to find support at 1.2824, Thursday’s low and resistance at 1.2990, Friday’s high.

USD/CHF hit 0.9372 during European late morning trade, the daily high; the pair subsequently consolidated at 0.9333, easing up 0.01%.
The pair was likely to find support at 0.9307, the low of October 12 and resistance at 0.9384, the high of October 4.
 

jimmy sergill

Active Trader
Oct 2, 2012
99
0
27
Market outlook from Tradingforex

EUR/USD was trading at 1.3074, up 0.05% at time of writing.
The pair was likely to find support at 1.2890, Monday’s low, and resistance at 1.3139, Wednesday’s high.

GBP/USD was trading at 1.6058, up 0.08% at time of writing.
The pair was likely to find support at 1.6022, Monday’s low, and resistance at 1.6178, Wednesday’s high.

USD/JPY was trading at 79.30, up 0.04% at time of writing.
The pair was likely to find support at 78.33, Monday’s low, and resistance at 79.45, Thursday’s high.
 

jimmy sergill

Active Trader
Oct 2, 2012
99
0
27
Market outlook

Market Outlook
EUR/USD was trading down 0.02% at 1.3020, up from a session low of 1.3016, and off from a high of 1.3029.
The pair is likely to find support at 1.2952, the low of October 16 and resistance at 1.3077, Friday’s high.

USD/JPY was trading at 79.24, down 0.11% at time of writing.
The pair was likely to find support at 78.62, Wednesday’s low, and resistance at 79.45, Thursday’s high.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USDshedding 0.03% to hit 1.3019 and GBP/USD falling 0.06% to hit 1.5996.

GBP/USDhit 1.6177 on Wednesday, the pair’s highest since October 5; the pair subsequently consolidated at 1.6001 by close of trade on Friday, down 0.41% for the week.
Cable is likely to find near-term support at 1.5975, the low of October 10 and resistance at 1.6065, Friday’s high.
 

jimmy sergill

Active Trader
Oct 2, 2012
99
0
27
Market outlook from Tradingforex

EUR/USD was trading up 0.11% at 1.3073, up from a session low of 1.3020, and off from a high of 1.3083.
The pair is likely to find support at 1.3016, Monday's low, and resistance at 1.3129, Thursday’s high.

USD/JPY was trading at 79.88, down 0.08%, up from a session low of 79.84 and off a high of 79.99.
The pair was likely to find support at 79.22, Monday's low, and resistance at 80.01, Monday's high.

GBP/USDpulled away from 1.6051, the session high, to hit 1.6027 during U.S. morning trade, still up 0.16% for the day.
Cable was likely to find support at 1.5989, the session low and a seven-day low and near-term resistance at 1.6065, Friday’s high.
 

jimmy sergill

Active Trader
Oct 2, 2012
99
0
27
Market outlook 10/25/2012

Currencies
EUR/USD The dollar gained 0.1 percent to $1.2974 per euro at 5 p.m. New York time and touched $1.2921, the strongest level since Oct. 15. It was little changed at 79.81 yen. Europe s shared currency fell 0.1 percent to 103.54 yen.
USD/JPY Japan ’s currency fell 0.2 percent to 79.98 per dollar as of 1:44 p.m. in Tokyo from the close in New York, nearing the three-month low of 80.01 reached on Oct. 23. It dropped 0.3 percent to 103.81 per euro. The 17-nation euro fetched $1.2980 from $1.2974 yesterday, when it reached $1.2921, the weakest level since Oct. 15.
GBP/USD Pound Sterling gained 0.7 percent to 80.89 pence per euro at 4:23 p.m. London time, posting the steepest intraday advance since July 5, after reaching 81.65 pence on Oct. 22, the weakest since June 11. Sterling rose 0.4 percent to $1.6023.
 

jimmy sergill

Active Trader
Oct 2, 2012
99
0
27
Market Outlook 10/26/2012

Currencies
GBP/USD The pound climbed the most in three weeks against the dollar after Britain’s economy expanded by more than analysts forecast in the third quarter, pulling the nation out of a recession.
The pound added 0.6 percent to $1.6128 at 4:21 p.m. London time, after rising as much as 0.7 percent, the steepest gain since Oct. 4.
USD/JPY The dollar may strengthen to a six- month high against the yen should it break through a level of so-called resistance, Credit Suisse Group AG said, citing trading patterns.
The dollar gained 0.5 percent to 80.20 yen at 4:15 p.m. London time, extending this month’s advance to 2.9 percent. The U.S. currency last traded at 81.49 yen was on April 25.
 

jimmy sergill

Active Trader
Oct 2, 2012
99
0
27
Market Outlook 10/29/2012

Currencies
USD/JPY The yen fetched 79.68 per U.S. dollar as of 3:04 p.m. in Tokyo after rising 0.8 percent to 79.65 on Oct. 26, the largest gain since Aug. 22. It was at 102.99 per euro following a 0.2 percent advance last week to 103.05. Europe’s shared currency lost 0.1 percent to $1.2926.
AUD/USD The Australian dollar dropped 0.2 percent to $1.0354 as of 4:19 p.m. in Sydney from the close on Oct. 26. It bought 82.46 yen from 82.62. The New Zealand dollar, nicknamed the kiwi, slid 0.2 percent to 82.09 U.S. cents. The currency weakened 0.2 percent to 65.40 yen.
Commodities
Gold for immediate delivery climbed as much as 0.3 percent to $1,716.05 an ounce and was at $1,715.26 at 1:54 p.m. in Singapore. Bullion for December delivery rose as much as 0.3 percent to $1,716.70 an ounce on the Comex, and was at $1,715.90. The U.S. securities industry canceled all stock trading as Hurricane Sandy headed toward New York City.
Crude oil for December delivery gained 23 cents, or 0.3 percent, to settle at $86.28 a barrel on the New York Mercantile Exchange. Prices fell 4.8 percent this week and are down 13 percent this year.
 

jimmy sergill

Active Trader
Oct 2, 2012
99
0
27
Market Outlook 10/30/2012

Currencies
USD/JPY The Japanese currency reached 79.28 per dollar, the strongest since Oct. 22, before trading at 79.43 as of 6:13 a.m. in London, 0.5 percent higher than yesterday’s close.
AUD/USD Australia’s dollar traded at $1.0334 at 2:53 p.m. in Sydney from $1.0332 yesterday, when it fell 0.4 percent. It was little changed at 82.49 yen . Australian bonds gained for a third day, pushing the yield on 10-year debt down by seven basis points, or 0.07 percentage point, to 3.12 percent.
USD/CAD The loonie, as the currency is known for the image of the aquatic bird on the C$1 coin, weakened 0.4 percent to C$1.0010 per U.S. dollar at 5 p.m. in Toronto. It hasn’t lost for five consecutive days since May. The Canadian dollar last closed weaker than parity on Aug. 6. One Canadian dollar buys $0.9990.
Commodities
Brent oil for December settlement on the London-based ICE Futures Europe exchange dropped as much as 69 cents, or 0.6 percent, to $108.75 a barrel. The European benchmark crude was at a premium of $23.75 to the WTI contract. The spread increased for a sixth day yesterday to $23.90, near the widest in more than a year.
GOLD The rise in gold prices in recent years added to the metal’s popularity. Spot gold, which traded at $1,711.38 an ounce on Oct. 29, has climbed 9 percent this year, heading for a 12th consecutive annual gain, as investors bought bullion to protect against inflation.
 

jimmy sergill

Active Trader
Oct 2, 2012
99
0
27
Market Outlook 10/31/2012

Currencies USD/JPY The dollar bought 79.62 yen as of 1:53 p.m. in Tokyo after falling 0.2 percent yesterday. It fetched $1.2957 per euro following a 0.4 percent decline in New York, the biggest drop since Oct. 17. Europe’s shared currency was little changed at 103.17 yen after rising 0.2 percent yesterday. The dollar has strengthened 2.1 percent against its Japanese counterpart this month. It has declined 0.8 percent versus the euro since Sept. 30.

USD/CAD The loonie, as the currency is nicknamed for the waterfowl on the C$1 coin, rose 0.2 percent to 99.92 per U.S. dollar cents at 5 p.m. in Toronto. It closed weaker than that level yesterday for the first time since Aug. 6. The currency is down 1.6 percent this month. One Canadian dollar buys $1.0008. The Stoxx Europe 600 Index (SXXP)advanced 0.9 percent while crude oil, Canada’s largest export, rose 0.2 percent to $85.69 per barrel in New York.

GBP/USD The pound gained 0.3 percent to $1.6081 at 4:19 p.m. London time after falling to $1.5914 on Oct. 23, the lowest level since Sept. 6. Sterling weakened 0.2 percent to 80.66 pence per euro.
 

Robert

Trader
Oct 24, 2012
53
0
22
Currencies USD/JPY The dollar bought 79.62 yen as of 1:53 p.m. in Tokyo after falling 0.2 percent yesterday. It fetched $1.2957 per euro following a 0.4 percent decline in New York, the biggest drop since Oct. 17. Europe’s shared currency was little changed at 103.17 yen after rising 0.2 percent yesterday. The dollar has strengthened 2.1 percent against its Japanese counterpart this month. It has declined 0.8 percent versus the euro since Sept. 30.

USD/CAD The loonie, as the currency is nicknamed for the waterfowl on the C$1 coin, rose 0.2 percent to 99.92 per U.S. dollar cents at 5 p.m. in Toronto. It closed weaker than that level yesterday for the first time since Aug. 6. The currency is down 1.6 percent this month. One Canadian dollar buys $1.0008. The Stoxx Europe 600 Index (SXXP)advanced 0.9 percent while crude oil, Canada’s largest export, rose 0.2 percent to $85.69 per barrel in New York.

GBP/USD The pound gained 0.3 percent to $1.6081 at 4:19 p.m. London time after falling to $1.5914 on Oct. 23, the lowest level since Sept. 6. Sterling weakened 0.2 percent to 80.66 pence per euro.

Can you please provide us with trading signals, entry, stop and take profit?