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EUR/AUD intraday technical levels and trading recommendations for August 28, 2014

2014-08-28 15:12:35 – Best Cash Back Forex Rebates : EUR/AUD intraday technical levels and trading recommendations for August 28, 2014
Cabafx.com News:

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By breaking down the price level of 1.5050, the bears confirmed a long-term Head and Shoulders bearish reversal pattern.

The bears managed to break down to 1.4950, then 1.4730 corresponding to 50% and 61.8% Fibonacci levels.

Two bullish spikes were expressed above 1.4950 (50% Fibonacci level on the daily chart) took place. However, the bulls failed to pursue the bullish breakout leading to failure of the bullish breakout attempt.

Since then, the EUR/AUD pair has been moving within the depicted RED channel in an attempt to reach the lower limit located roughly around 1.3880.

Natural gas supplies increase slightly below expectations

2014-08-28 14:49:45 – Best Cash Back Forex Rebates : Natural gas supplies increase slightly below expectations
CashBack Forex News:

U.S. supplies of natural gas increased 75 billion cubic feet in the week ended Aug. 22, the Energy Information Administration said Thursday. That was slightly below an expected increase between 76 bcf and 80 bcf, according to analysts polled by Platts. Natural gas for September delivery was up 5…

Every effort is made to provide accurate and complete information. However, with the thousands of documents available, often uploaded within short deadlines, we cannot guarantee that there will be no errors. Any republication or redistribution of Cabafx.com content is expressly prohibited without the prior written consent of Cabafx.com.Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any
doubts.Any opinions, news, research, analyses, prices or other information contained on this story, by Cabafx.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. Cabafx.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.:

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The Greater Depression

2014-08-28 14:12:10 – Best Cash Back Forex Rebates : The Greater Depression
Cabafx.com News:

First it was the 2007 financial crisis. Then it became the 2008 financial crisis. Next it was the downturn of 2008-2009. Finally, in mid-2009, it was dubbed the “Great Recession.” And, with the business cycle’s shift onto an upward trajectory in late 2009, the world breathed a collective a sigh of…

Risks of Trading Forex :
Successful traders are aware of this risk, and carefully plan their trades in order to minimize the risks to their trading capital. Even with implementing risk management tools, the risks of trading Forex remain substantial.:

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Top Trade Idea For August 28th, 2014 – AUDUSD

2014-08-28 12:10:02 – Best Cash Back Forex Rebates : Top Trade Idea For August 28th, 2014 – AUDUSD
CashBack Forex News:

audusddaily

For the audusd pair there is still trouble ahead as the path of least resistance seems to be still to the downside and not the upside like recent price action might indicate.

The thing is that the pair is consolidating for the last 5 months around 0.95 and 0.9300 levels, so 200 pips range that tells everything about what summer trading means.

However, things are about to change as we’re getting closer to the Fed ending the tapering and probably with the Fed rising the rates sooner than expected.

The unemployment rates in the two countries, the benchmark for an economy that is moving in the right direction, seem to be divergent. While in Australia we’ve recently seen biggest unemployment in the last 12 years, the US is approaching full employment as the current 6.1% is 14 months ahead of the Fed’s projections.

Only this simple fundamental difference is enough to push the currency lower for the medium/long term, not to mention the technical picture.

After the pair fell out of that contracting triangle that ended around 1.05 area, a clear five waves structure started, shaping up a beautiful impulsive move for wave a of a zigzag. The b wave seems to be completed as well, and now the c wave is mandatory to break the lows in the previous wave a blue, as this is a must in any zigzag.

Hence, our recommendation to stay short for the 0.8880 area is quite a shy target, but nevertheless, one that most likely will come to fruition.

About Mircea Vasiu

capital properties fxMircea Vasiu has an MBA in International Business from an American University, graduating Magna Cum Laudae. He has been a professional trader for the last 8 years and is involved in various educational projects for different financial companies. He also runs a trading signal for the currency markets at www.capitalpropertiesfx.com.

The post Top Trade Idea For August 28th, 2014 – AUDUSD appeared first on ForexNews.com.

Risks of Trading Forex :
Like any trading or investment vehicle, there is a high level of financial risk in trading Forex. In particular, the increased amount of leverage offered in the Forex market means that a trader can lose all, or a large portion, of his trading capital if the market makes a significant move against the trader’s position.:

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USD/CAD Signals a Bearish Outlook with Trendline Breakout

2014-08-28 11:43:00 – Best Cash Back Forex Rebates : USD/CAD Signals a Bearish Outlook with Trendline Breakout
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USD/CAD is turning a bullish breakout signal into a bearish one this week. At the beginning of the week, USD/CAD broke above a resistance at 1.0985 and looked poise to rally toward the next resistance around 1.0150 from April. However, we saw sharp retreat after this brief breakout. As we wind down…

Every effort is made to provide accurate and complete information. However, with the thousands of documents available, often uploaded within short deadlines, we cannot guarantee that there will be no errors. Any republication or redistribution of Cabafx.com content is expressly prohibited without the prior written consent of Cabafx.com.Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any
doubts.Any opinions, news, research, analyses, prices or other information contained on this story, by Cabafx.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. Cabafx.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.:

Link:

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German 10-year bund yield falls below 0.90%

2014-08-27 13:54:39 – Best Cash Back Forex Rebates : German 10-year bund yield falls below 0.90%
Business News:

German 10-year yields are down 4 bps to a record low 0.898%.

Only 40 basis points to go to match Japanese 10s.

Risks of Trading Forex :
There are also specific steps that a trader can take to minimize the risks involved in Forex trading, particularly involving safe ways to use the margin. Calculating the Risk-Reward Ratio is one of the most effective risk management tools in Forex trading. But be aware that Forex trading involves a substantial risk of losses.:

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GBP/USD intraday technical levels and trading recommendations for August 27, 2014

2014-08-27 12:33:32 – Best Cash Back Forex Rebates : GBP/USD intraday technical levels and trading recommendations for August 27, 2014
Best Forex News:

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One month ago, the bears initiated a bearish trend off price levels around 1.7150-1.7190. Since then, the GBP/USD pair has been declining within the depicted bearish channel.

The price levels of 1.7050 – 1.7000 failed to provide enough support for the pair. Hence, the bears had a potential bearish target around 1.6920.

However, this price zone of

EUR Shorts Hanging Tough For Now

2014-08-27 10:22:03 – Best Cash Back Forex Rebates : EUR Shorts Hanging Tough For Now
Business News:

marketpulse

With the U.K. markets back online today after a holiday long weekend, playing catch-up is the order of the day. European credit markets are trading firmer this morning despite the non-rapturous applause in Asia that saw the Nikkei, Shanghai Composite Index, and Hang Seng Index close in the red after some quick profit-taking on the back of a strong rally over the past few weeks.

When it comes to forex trading these days everyone should know the rules by now: the central banks dictate market direction. Last week’s Economic Symposium in Jackson Hole, Wyo., will be regarded as a watershed moment for the eurozone’s survival. Despite Federal Reserve Chair Janet Yellen’s “neutral or less dovish” tone, it was “super” Mario Draghi’s assertion that the European Central Bank (ECB) stands ready to act again that has quickened the pulse of capital markets. Specifically, it was the ECB chief’s comment that plans for initiating asset-backed securities buying are moving forward quickly — potentially shifting the mix of the ECB’s austerity-driven plan to quantitative easing (QE). Draghi’s sense of conviction has incited many to call for the introduction of QE at the ECB’s next meet in September, and it’s the main reason for the ongoing current credit tightening after the indices were more or less closed in-line with the U.K.’s timeout. 270814gBanker Chatter Reverberates
Smooth-talking central bankers have managed to reverse the hefty U.S. August correction in the markets, especially equities. Stock records continue to fall (S&P’s mythical 2,000 print, the Dow knocking on record highs), while U.S. 10′s rally to +2.37%. In Europe, the moves have been more pronounced. Draghi’s QE battle cry will naturally favor equities and bonds, and hopefully in the longer term manage to keep the EUR (€1.3199) on its knees in aiding regional growth prospects. It’s natural that a dovish shift in tone by any central bank official probably justifies some market optimism; nevertheless, it’s also important not to get too far ahead, especially in reference to the ECB’s QE idea. Structurally, the ECB is nowhere near ready for it to be introduced, and such plans are usually heavily data dependent. Before Europe can achieve its utopia, various positional squeezes will occur. 270814hPositional Plays Influenced by Month-End
Draghi’s dovish comments on inflation, weak German Ifo data, and eurozone yields trading at record lows (10-year Bunds at +0.94%) will favor the EUR and maintain its allure as a funding currency. Nevertheless, the market’s weaker EUR short positions will be squeezed and eventually forced to exit from time-to-time; the single unit’s demise is not exactly linear. It’s been reported that influential reserve names continue to want to fade any EUR/USD upticks (€1.3225-35). The recent month-end dynamics (spot day this Friday) has seen U.S. corporations being better USD buyers to close out the month. The mighty buck seems to be consolidating some of its post-Jackson Hole pow-wow gains ahead of the release of U.S. Durable Goods Orders this morning. Even the techies note that the dollar may have drifted into ‘overbought’ territory — a possible reason for the lack of movement. Mind you, the appearance of a plethora of option barriers usually handcuffs a market until they come off.

The significant rate divergence rhetoric, coupled with U.S.-German two-year spreads climbing (+2bp to a new +54.5bp high) has encouraged the growth of EUR short positions on the international monetary market. Intraday sellers continue to be camped on the topside with €1.3245 providing strong resistance while €1.3150 barriers remain the focus for the next support. Some real-money buyers remain attracted to this area. However, EUR bears remain very much in control of the broader tone. 270814iFollow the Yield Interest
It’s not a surprise to see U.K. gilts open sharply higher — they need to play catch-up after yesterday’s summer bank holiday. The whiff of implementing QE by the ECB will favor U.K. debt products and the pound (both a yield grab). Despite data and events remaining thin on the ground, the market will be looking for any evidence to favor owning sterling over euros. Sterling’s bounce from Monday’s five-month low (£1.6542) is threatening to force a break above the psychological £1.66 handle. A momentum breakthrough at this level certainly opens the way for further gains to £1.6635-50. Nevertheless, without sustainable harder evidence, Monday’s low will remain vulnerable.

Light buying from international and domestic interest continues to power the bid in the eurozone’s peripheral debt markets. Supporting the QE story is the significant outperformance of Spanish bonds over Italian bonds. The Bund-Italian spread has tightened -4bp to Bunds, which suggests that intraday dealers are bidding the market up as they grab the most liquid of instruments. Spanish bonds are doing even better: the 10-year benchmark to Bunds are -5bp tighter, probably reflecting investors’ greater comfort level for Spanish debt, and the fact that Italy does have midweek supply to contend with. Investors are factoring in ECB QE pricing. Now, all they need is the EUR to comply.270814jAbout Dean Popplewell

PopplewellDirector of Currency Analysis and Research, Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2007, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders. Follow on Twitter and on his Google+ profile.

The post EUR Shorts Hanging Tough For Now appeared first on ForexNews.com.

Every effort is made to provide accurate and complete information. However, with the thousands of documents available, often uploaded within short deadlines, we cannot guarantee that there will be no errors. Any republication or redistribution of Cabafx.com content is expressly prohibited without the prior written consent of Cabafx.com.Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any
doubts.Any opinions, news, research, analyses, prices or other information contained on this story, by Cabafx.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. Cabafx.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.:

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