Dailyfx's SSI suggest EUR/USD GBP/USD could still move higher. Traders are still very long USD against all except AUD, NZD, CAD
GBP USD Trendline Trading Opportunity
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Friday, August 16, 2013
GBP USD bounced with Core CPI m/m and unemployment claims results. Current daily chart shows a good opportunity for short position but the ratio of long to short positions in the GBPUSD stands at -2.02 as 33% of traders are long. Long positions are 8.1% lower than yesterday and 1.2% above levels seen last week. Short positions are 3.8% higher than yesterday and 7.1% above levels seen last week. Speculative Sentiment Index suggest GBP USD may move higher.
Here is the SSI chart from #Dailyfx
:: Will go for short @ 1.5640 with a stop loss activated @ 1.5743 June high.
Important Week Ahead for USD
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Saturday, August 10, 2013
High impact news is waiting for USD next week.
Some of High Impact News are
Interest rate decision
Non Farm Payrolls
Retail Sales - on Tue
Inflation
Employment and Unemployment rate - on Thu
Industrial Production
Business sentiment surveys
Consumer confidence surveys
Trade Balance
Manufacturing sector surveys
Some of High Impact News are
Interest rate decision
Non Farm Payrolls
Retail Sales - on Tue
Inflation
Employment and Unemployment rate - on Thu
Industrial Production
Business sentiment surveys
Consumer confidence surveys
Trade Balance
Manufacturing sector surveys
Speculative Sentiment Index - Euro Selling Nears Record
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Thursday, August 8, 2013
The ratio of long to short position stands at 24% and the fact that the majority of traders are short gives signal that the EURUSD may continue higher. The combination of current sentiment (SSI) and recent changes gives a further bullish trading bias.
(SSI Report from Dailyfx)
Even risk of the day
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Wednesday, August 7, 2013
BOE Governor Jul 2013 - Jun 2018. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues.
As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.
As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.
(From forexfactory.com)
EUR USD Breakout Call
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Tuesday, August 6, 2013
DailyfxPlus just suggested EUR USD buy, even though the currency analyst Ilya Spivak at Dailyfx (FXCM) is on short. Stop loss / Trailing stop is yet to be activated.
Update : Limit : 1.3317 / 1.3350 / 1.3380 / 1.3420 and Stop loss 1.3248
We remain unable to rule out a retest of the 1.5432 July high - Commerzbank
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Commerzbank on GBP USD
“Currently we remain unable to rule out a retest of the 1.5432 July high. Loss of 1.5100 is needed to suggest further losses to the 1.5015 May low then 1.4854/32 support zones.”
“Only should 1.5435 be eroded (not favoured) we will have to allow for further upside gains to 1.5551 the 78.6% retracement.”
“Only should 1.5435 be eroded (not favoured) we will have to allow for further upside gains to 1.5551 the 78.6% retracement.”
GBP USD Day Chart - Bullish Engulfing Pattern
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GBP USD Daily chart shows a clear bullish engulfing. A positive Manufacturing Production m/m data took the pair towards 1.5390.
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