Currencies Outlook

[LQD Markets]

EUR/USD – 1 Hr Chart

A like ‘M’ pattern was thought to be forming as of yesterday as the correction failed to happen at the C level but carried on upwards instead following the 1 Hr chart. Prices was supposed to have reached the C point as of yesterday itself at approximately 1.3053 to 1.3059 and then start moving downwards. Then didn’t happen. Overall the Euro is still believed to be in Bullish territory. For longer term traders, the 5-0 Bearish pattern seemed to still be intact.

Read more: Currencies Outlook 10th April 2013 | Liquid Markets Blog

 

[LQD Markets]

EUR/USD Forecast

As for patterns this morning, I am not particualrly keen in making any ‘set-in-stone’ forecasts as the closest I got to was the ABCD pattern for the EUR/USD 1 Hr chart. The chart below is one that compares the uptrend move as indicated as ‘momentum’ but a divergence occured with the Volume to be total the opposite. That move up could potentially be the first leg of an ‘M’ pattern indicating Bullishness. Although being Bullish in most time frames for the EUR/USD, I am not forgetting positive sentiments for the Dollar follwoing the FOMC meetings. I am doubting the formation of a clear pattern forming so ‘when in-doubt, stay out’ which is my strategy for the day.

EUR/USD Forecast 11th April 2013 | Liquid Markets Blog

 

[tradingmarket]

I think now is good time to sell eur/usd as it has retraced at 38.2% fib of the previous downtrend

 

[LQD Markets]

Gold Forecast

For a Friday, markets are hinting towards the dollar and yen’s downward movement while more investors are betting on the upside move for the Euro, Aussie and Kiwi. What could have been the catalyst for the Comm dolls (Aussie & kiwi) moving upwards? The answer to that is – China’s strong data coming from its government indicating initiatives in the financial sector proven by the increased amount of lending or loans. Isn’t it bizarre how local Australian data such as its labor market report in march didn’t influence it as much as the Chinese data.

Read More: Gold Forecast 12th April 2013 | Liquid Markets Blog

 

[LQD Markets]

EUR/USD Forecast
Despite some high-impact data due to be released today, the deadly Boston Marathon blasts has contributed to the decline of the Asian markets together with Japan’s stock indexes falling (approx.2% drop) as did the whole lot including Aussie’s , Oil and Gold prices .This would mean that investors would be more risk averse and be worth for us as traders giving a lookout for less risky currencies seen as safe heavens like the USD, JPY and CHF. Saying that, is this the reason for the short term fall for the euro as in both the 15 min and 1Hr charts below?



EUR/USD Forecast 16th April 2013 | Liquid Markets Blog

 

[LQD Markets]

EUR/USD Forecast
The German ZEW report released yesterday missed expectations by 3.2 basis points (a lower expectation), which contributed to the euro falling right after the announcement to levels forecasted following the bearish ‘W’ pattern. As for the euro zone’s CPI for March figures settled at 1.2% MM poses a neutral sentiment with no break above or lower to these levels. For a bigger picture on what is in store for the euro zone, it’s best to see what we concluded from Draghi’s speech based on the following mentioned topics:
1) Updates in Areas of Economic and Monetary Policy – Generic Outlook/ Current Status
Initially, Draghi sounded like a broken record during his speech where he talked about the start of the euro’s recession in 2012, contributing to its unprecedented unemployment levels especially amongst young people. The key point for traders to consider is that gradual recovery is expected but Downside Risks governs. In summary, bearish sentiments are expected and we need to see governments efforts working in synergy with the banks as opposed to just a name and blame game.

Read More: EUR/USD Forecast 17th April 2013 | Liquid Markets Blog

 

[LQD Markets]

Yesterday, most traders were hoping for a single answer as to why Euro plunged but that one question may have multiple answers. As mentioned in my previous analysis, comments made by Draghi unfolded bearish sentiments while members of the European Monetary Board (EMU) didn’t sound like they would long the Euro if they were to trade it. Following more news and comments later that evening, German Central Bank’s Jean Weidmann contributed to the further fall of the Euro after hinting the possibility of a ‘rate change’ by the ECB.

Read More: Currencies Outlook 18th April 2013 | Liquid Markets Blog

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Yesterday, most traders were hoping for a single answer as to why Euro plunged but that one question may have multiple answers. As mentioned in my previous analysis, comments made by Draghi unfolded bearish sentiments while members of the European Monetary Board (EMU) didn’t sound like they would long the Euro if they were to trade it. Following more news and comments later that evening, German Central Bank’s Jean Weidmann contributed to the further fall of the Euro after hinting the possibility of a ‘rate change’ by the ECB.

Read More: http://www.lqdmarkets.com/blog/currencies-outlook-18th-april-2013/

 

[LQD Markets]

EUR/JPY Forecast

Friday again, that’s right and whilst wrapping the market for the week, we are still wondering whether volatility for various instruments would provide the persistence in momentum either towards trend continuation or trend reversals. As for today’s Economic data, we are awaiting Bank Of Canada’s (BOC) Consumer Price Index due later on today. However, it would be wise for us to monitor how stocks and the equities markets are performing. Saying that, the S & P 500 which is giving more hints in its’ breakout downwards concluding a Risk Aversion move.

Read More: EUR/JPY Forecast 19th April 2013 | Liquid Markets Blog

 

[LQD Markets]

EUR/JPY Forecast

Today, despite being two days prior to the close of the trading week, speculations surrounding the possibility of the European rate cut continues to intensify. Similarly, fear of a double recession is supposedly no laughing matter for the UK as it waits for the GDP figures due out later on this afternoon. What a concoction of emotions and with it being a Thursday, does spice up situations even more as traders with open positions would wonder whether their TP level would see to some returns while those itching to trade would feel equally as guilty, despite whatever their decisions were.

Read more: EUR/JPY Forecast 25th April 2013 | Liquid Markets Blog

 

[LQD Markets]

EUR/JPY Forecast

As we look back at last week’s US economic data, results were overwhelmingly short of expectations. Would the overall bearish sentiment for both the US dollar and the various correlated instruments carry through next week? The implications onto the market from previous as well as upcoming data would most probably show a clearer picture after next week’s Core Consumption Expenditures data. As for the euro zone, Germany is waiting for its’ Consumer Price Index (CPI) figures which would add to the weight of either continuing existing trends or becoming a catalyst to the change of direction.

Read More: EUR/JPY Forecast 26th April 2013 | Liquid Markets Blog

 

[LQD Markets]

Gold Forecast
Let us begin this week with gold’s movement in the market and match it with its recent performances from a technical or chart patterns point of view. Gold, after its 26 month low, rallied last week driven by retail shoppers in India and China who were shopping for physical gold and jewellery.
Read More: Gold Forecast 29th April 2013 | Liquid Markets Blog

 

[LQD Markets]

Midday Currency
In Asia, activities concerning the major currencies seemed to be on a halt or on a sideways backburner for now. Hence, it would be wise to explore the other continents particularly the euro zone for possible trading opportunities. Yesterday, we witnessed the euro’s rally against the dollar which was backed up by some fundamental drivers starting with some “positive” developments following the formation of Italy’s government.

Get the full analysis here: Midday Currency Outlook 30th April 2013 | Liquid Markets Blog

 

[LQD Markets]

USD/CHF Forecast

Most talks this week would be whether the US Dollar rally would persist and what are the ideal take profit and stop loss levels if one is to still ride along the uptrend. Some traders however, are parking their sell target by entering at the correction phase of the Dollar’s existing trend. The current economic situation of the US should be closely connected to what is happening in Japan where the rate cuts has been implemented and the so called ‘Abenomics’ method of running the country is causing quite a stir in various countries as for other currencies. It looks like Japan could be tempted to copy what the US has implemented instead which to have its manufacturing industry is benefited from its exports due to the lower dollar. Is this what maybe happening in Japan?

Read More: http://www.lqdmarkets.com/blog/usdchf-forecast-13th-june-2013/

 

[LQD Markets]

Currencies Outlook

The markets seemed to be triggering more impulsive moves for various currency pairs since the beginning of the week with most fingers pointing to Japan. Today’s news headlines read “Markets could be on a verge of a blowup, thanks to Japan”. For FX traders, what would you think the sentiments are in the markets at present following that statement? I would say, chaos flooded with an increased amount of uncertainties would describe the present market conditions. Despite the Bank of Japan’s previous move of flooding the markets with printed money and the given impact on the market today, the Governor of the Bank of Japan, Haruhiko Kuroda, made a statement saying that the rising stock prices does not present a bubble at the moment.

Full technical analysis here: Technical Analysis | Liquid Markets Blog

 

[LQD Markets]

Reading Forex Charts – A Beginner’s Guide

Forex charts may seem like a puzzle at first, but once you learn to read them you will be able to figure out the interpretations of the charts in minutes. Reading forex charts can help a forex trader make good trading decisions. Here is a brief guide to help beginners learn how to read forex charts.

Find out more about forex charts only here: Reading Forex Charts – A Beginner’s Guide | Liquid Markets Blog