You know i try to limit the blog just to forex stuff. The fact is that in less than 24 hours, I will be flying to Spain, for the ITC, and using the trip to enjoy a part of beautiful Europe. I love learning and living new things, and that’s exactly what the ITC will be: a whole new learning experience, because I have always tink  that we have to seize all experiences we can from life.  At the same time I’m a mom!!! I have two girls that are the center of the universe and I am already missing them; we have never been apart. Who cares gold reached 1043 today? not me really .  I still believe to be complete honest, movements are exaggerated, but well, mass don’t have a logical mind right? I won’t be posting till next Thursday, and in fact, I will be here for the live coverage of  BOE and ECB as usual. Let’s see what surprises I find them regarding majors, but with Europe and Germany at deflationary levels, don’t expect Euro rally to last too much or go too far. Same goes for Swissy and non official intervention.

I will be making my Daily Wrap up Webinar tonight again, at 22:30 GMT, and I will come back there in a couple of weeks.

Anyway! just to say bye for a couple of days!  Trade wise.

Hi everybody and welcome back! Japan returned to markets after a 5 days holiday,with Nikkei opening strongly up, halting dollar recovery across the board in Asia. Since early Europe, strong gold is keeping dollar under pressure against most rivals, except GBP that fell strongly after Governor King comments on a need of a weaker currency to speed economic recovery. And that makes two: same happened in Canada a couple of days ago; more warnings from the fundamental side, that greenback slump is been a bit too much. Anyway, we have unemployment claims, and existing home sales later in the U.S., that will drive stocks, that will drive market, as usual. Anyway, here is the link for today’s calendar:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!

I will be one of the key speakers in Barcelona, October.  Here is the link if you want to know more about it: http://www.traders-conference.com 

FED is finally here, and as expected, they leave rates unchanged, adding that “the Committee continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period.” Also, they added that ”Economic activity has picked up following its severe downturn,” and “conditions in financial markets have improved further, and activity in the housing sector has increased.” rates will remain low as ”the Committee expects that inflation will remain subdued for some time.” First reaction has send dollar down across the board, yet not under previous daily lows, with U.S. stocks rising strongly printing fresh yearly highs, S&P at 1079 and DJIA at 9917.  Gold also spike to the 1018 level, but all, majors, stocks and gold retreat from highs.

Maybe we could see some profit taking, or position covering, yet news are no good for dollar. A trend reversal keeps diluting after this report; let’s see how the end days, yet if majors keep hovering around daily highs dollar could extend the fall in the midterm.

Hi everybody and welcome.Well, seems we are finally out of range! As we talk about yesterday, gold was leading the way. The commodity reached $ 1007/oz. and dollar fell across the board, with Euro reaching almost the 1.4500 level, Swiss Franc under the key 1.0550 and Gbp at 1.6550. Majors are overbought from 4 hours charts to 5 minutes one, but there are no signs of losing momentum , no time for corrections yet. Good European data, plus rising stocks both in Asia and Europe support the dollar fall; I will post levels to watch shortly. Here is the link for today’s calendar:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!

I will be one of the key speakers in Barcelona, October.  Here is the link if you want to know more about it: http://www.traders-conference.com 

Hi everybody and welcome! Slow Monday, as usual lately, and more due to U.S. and Canada holidays today. European currencies remain slightly bullish, following last Friday’s risk appetite move, also supported by Germany Factory Orders, that rose a 3.5% printing 5 month in a row of growth. European stocks are up, and commodity currencies keep leading the way: Australian dollar, hit a fresh intra year high at 0.8566 as gold prices continue  climbing and after breaking above 0.8500 (at this point,seems to stay, for a while); despite gold remains hovering around $ 68.00 a barrel, Canadian dollar quotes at 1.0760, at the key 1.0770 level; confirmations here, will likely send the pair lower, and dollar will get more pressure across the board. Anyway, we have no reports today, and I will covering the News section at Fxstreet.com, so I will be posting the links.

Have a great day!

I will be one of the key speakers in Barcelona, October.  Here is the link if you want to know more about it: http://www.traders-conference.com 

Pound has recovered some upside momentum during European session, but hourly indicators suggest pair has found a top around 1.6250 resistance level. Indicators point for a downside movement to come, with 1.6180 as first support to consider. Bigger time frames show pair upside movement has halted exactly at the 20 SMA in 4 hours charts, suggesting further upside movements will remain limited.

Support levels: 1.6180 1.6145 1.6110

Resistance levels: 1.6220 1.6250 1.6300

Hi everybody and welcome back! sorry for not been here yesterday, the fact is that I was renewing my passport and getting my tickets for the ITC! I’m so excited about traveling to Spain in October and meet a lot of traders from around the world! hope you can be there. I missed part of the action, with falling equities lifting dollar and yen since past American session. Europeans are recovering some ground at this point, yet still holding under some resistance/supports levels. Let’s see if i can post then all. However, market will likely wait for U.S. ADP report, so I don’t expect majors to break anything in the next hour, and as usual, movements will depend on how reports affect stocks. Here is the link for today’s calendar:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!

I will be one of the key speakers in Barcelona, October.  Here is the link if you want to know more about it: http://www.traders-conference.com 

Core PCE Price Index come out at 0.1% against 0.2% previous month; Personal Spending decrease to 0.2% from 0.4%, while Personal Income printed a 0.0%. All pretty bad for the U.S. Would this trigger some risk aversion and save poor greenback? Seems not.. market is not reacting to the news, yet stocks are slightly down. Later universitiy of Michican consumer sentiment is just a revision, so should not affect market that much unless the reading come very different than previous month.

Have you ever noticed, the relationship sometimes GBP and CAD have? no? well pay attention to Canada fundamentals to be release in 30 minutes: if good for Canada, USD/CAD will likely fall and Gbp/Usd will likely rise; not a complete a perfect mirror as we have with Eur and Chf, but well take a look.

Gbp/Usd has turned bullish in the 4 hours charts, pointing for further wins today. Above 1.6380, consider next resistances at 1.6415 and 1.6440 level, where we have 200 EMA; if cleared, pair could approach to 1.6500, but 1.6520 should keep the upside strongly capped; under 1.6310,  supports come at 1.6270 area, 1.6220 and finally, the 1.6160 zone.

Eur/Jpy quotes under yesterday’s low, moving inside a descendant channel, with 132.00 as fist support to consider. Smaller tome frames seem a bit oversold, so expect some upside correction that should remain capped by 132.80/133.00 zone. Under 132.00 next support comes at 131.60, ahead of stronger 130.80. Above 133.00, resistances lie at 133.60, roof of the channel. Pair breoke 100 MA in the daily, now at 133.10, so chances remain to the downside in the pair.