Friday, April 28, 2006
PREDICTION APRIL 28, 2006
USD/JPY volatile, hits day's low of 114.08, then jumps to day's high of 114.50, in what seemed to be mixture of position adjustments, short-term play, say Tokyo traders. EUR/USD also already down to 1.2537 after spike to 1.2558 (highest since 1.2585 marked on Sept. 5). Volatility likely due partly to long Japan holidays next week, they say. But traders remain bearish on USD; "whatever materials come out, the market is inclined to react by selling the dollar," says Mizuho Corporate Bank trader Shuichi Kanehira, referring to USD/JPY's fall after BOJ report which was well within expectations
NEWS APRIL 28,2006
Henderson Global Investors senior economist Nicholas Brooks says 27bp increase in China's 1-year lending rate minimal, likely won't have significant impact on China's overall economy. Nevertheless, China's latest move "sends a strong signal to financial institutions and markets that China is serious about keeping growth, credit, investment and other key economic variables to its original targets
The GBP may have been helped by recent USD weakness but with the future of Prime Minister Tony Blair looking increasingly in doubt and uncertainties over the UK economy remaining, the UK currency could well come under pressure against the EUR. See Forex Focus on Telerate 1066
It seems as if we finally can confirm a longer term upside target in EURUSD. Last big support area is 1.2600 which could hold through today's trading session, but is the levels to watch for longer term buying interest. For today look to buy on dips in the 1.2460-90 area for more upside in the week to come.
The GBP may have been helped by recent USD weakness but with the future of Prime Minister Tony Blair looking increasingly in doubt and uncertainties over the UK economy remaining, the UK currency could well come under pressure against the EUR. See Forex Focus on Telerate 1066
It seems as if we finally can confirm a longer term upside target in EURUSD. Last big support area is 1.2600 which could hold through today's trading session, but is the levels to watch for longer term buying interest. For today look to buy on dips in the 1.2460-90 area for more upside in the week to come.
Thursday, April 27, 2006
PREDICTION APRIL 26, 2006
Prediction: Today Eur/Usd, in this time position of eur/usd have very high, eur/usd there is opportunity for drop today, S1 : 1.2515 S2 : 1.2490, look at to these level, if bound happened in 1.2490 and break High of opportunity of e/u continue journey go to 1.2600 opened wide, R1 : 1.2550 R2 : 1.2589.
Prediction made today 11.20 WIB, Have A Nice Pips Today :)
Prediction made today 11.20 WIB, Have A Nice Pips Today :)
NEGATIVE DOLLAR SENTIMENT
Most analysts expect Bernanke to repeat that future Fed tightening will depend on the shape of upcoming economic data. However some were doubtful of the dollar's potential to rally even if Bernanke's comments are more upbeat than expected, given the market's current dollar-negative mood. "Sentiment is generally negative for the dollar even in the face of good news. The market is looking through the expected rate hikes. If you take away the interest rate support for the dollar ... and the structural problem is still there, the trend for the dollar is downwards," said Adam Cole, currency strategist at Royal Bank of Canada.
PREDICTION, APRIL 27, 2006
JPY
Comment: The longer the ‘gap’ from the weekend remains, the stronger the next downside move. Yesterday’s small ‘spike high’ suggests we are about to kick off again by the end of the week. The US dollar is somewhat oversold but downside momentum is stronger than it has been all year. For this morning expect more work below 115.20, down to 114.25. Then down again to January’s low at 113.41.
Strategy: Sell at 115.00/115.20; stop above 115.40. Short term target 114.25/114.00 and eventually 113.50.
EUR
Comment: Squeezing relentlessly if slowly higher for the fourth day in a row. This may give some a false sense of security but it is just a matter of time until we trigger stops which should lie at 1.2500 and 1.2600. The Euro is not yet overbought and bullish momentum has increased a little. For this morning expect quiet consolidation around current levels, with the chance of a new recent high increasing if we hold above 1.2350.
Strategy: Buy at 1.2455, adding to 1.2385; stop below 1.2350. Short term target 1.2465 and the psychological 1.2500.
Review GBP/USD
Prediction G/U today in range 1.7800 - 1.7940, with critical point of uptrend in 1.7870, 1.7900, and last 1.7920an
For critical level of downtrend in 1.7825, 1.7800. If At the time of this level is passing and condition of oversold is not happened, hence very possibly will return to level 1.7770
Giving attention to the level, if happened by the direction inversion, better close position & paying attention to if decreasing more than 10 pips, you can do sideways trading.
Comment: The longer the ‘gap’ from the weekend remains, the stronger the next downside move. Yesterday’s small ‘spike high’ suggests we are about to kick off again by the end of the week. The US dollar is somewhat oversold but downside momentum is stronger than it has been all year. For this morning expect more work below 115.20, down to 114.25. Then down again to January’s low at 113.41.
Strategy: Sell at 115.00/115.20; stop above 115.40. Short term target 114.25/114.00 and eventually 113.50.
EUR
Comment: Squeezing relentlessly if slowly higher for the fourth day in a row. This may give some a false sense of security but it is just a matter of time until we trigger stops which should lie at 1.2500 and 1.2600. The Euro is not yet overbought and bullish momentum has increased a little. For this morning expect quiet consolidation around current levels, with the chance of a new recent high increasing if we hold above 1.2350.
Strategy: Buy at 1.2455, adding to 1.2385; stop below 1.2350. Short term target 1.2465 and the psychological 1.2500.
Review GBP/USD
Prediction G/U today in range 1.7800 - 1.7940, with critical point of uptrend in 1.7870, 1.7900, and last 1.7920an
For critical level of downtrend in 1.7825, 1.7800. If At the time of this level is passing and condition of oversold is not happened, hence very possibly will return to level 1.7770
Giving attention to the level, if happened by the direction inversion, better close position & paying attention to if decreasing more than 10 pips, you can do sideways trading.
Wednesday, April 26, 2006
GREET TO RECOGNISE
Hi all
Start from this day, I will try to write all my activity go together forex trading in marketiva. I very very glad if you often visit my blog. Just hopefully this blog can as source of reference and also as medium of reading and practice especially to all new trader. And can become link of additional collection to all experienced trader. Will very very glad if all senior can give input to us. So that fill this blog can be complete progressively
That way my first posting and thank's. Congratulation learn and trading.
OWNER
S U N A R T O
Start from this day, I will try to write all my activity go together forex trading in marketiva. I very very glad if you often visit my blog. Just hopefully this blog can as source of reference and also as medium of reading and practice especially to all new trader. And can become link of additional collection to all experienced trader. Will very very glad if all senior can give input to us. So that fill this blog can be complete progressively
That way my first posting and thank's. Congratulation learn and trading.
OWNER
S U N A R T O
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