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  • Squawk / 1 hour ago
    -
    Poland
    GBPUSD M15.
    There is a trigger up which expanded just to 2.4220, still given the fact from where the bounce off took place it satisfies the condition of 3:1 P/L ratio for 50/50,
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  • Squawk / 1 hour ago
    -
    Poland
    GBPUSD M30.
    There are more actions visible on the M30 chart. Shorter scales mean less money involved, could be a rule but may be contradicted by the HFT who work in different dimensions of the market. Anyway, this M30 scale shows more initiatives, perhaps smaller in size nevertheless their goals can be clearly defined, some targets are met, so they knew what they were doing. Interesting that both the sellers and the buyers are still sitting on some profit. At a glance it looks that selling was more fearful than buying. Buyers pocketed handsome F times the size of the trigger up.
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  • Squawk / 4 hours ago
    -
    Poland
    GBPUSD H4.
    It looks heavy with the massive selloff early March and a strange jerk to 1.5169 extinguished there and the gas burner flame hardly heating big figure 1.5000 now. It is interesting that the short lived bounce off (hardly 8 hours long) began from MIN RISK level @ 1.4671, their stops sitting @ 1.4557. Those stops are still intact, but notice that they managed to pocket standard profit for which the 3:1 ratio line I marked in red. The line is quite a resistance. So in my judgement, they closed a lot of their positions inspired by the 50/50 and 3:1 rule. On the other hand the trigger down from end of February expanded to 1.4762 and there is so much more energy behind the slide. When markets cannot create a direction they move towards stops. I marked three nearest (dense) stoplosses @ 1.5170, 1.5151, and 1.4557.
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  • Squawk / Yesterday at 10:45 GMT
    Senior Analyst / Tallinex.com
    Saint Vincent and the Grenadines
    Weekly Trading Forecasts on Major Pairs (March 30 – April 3, 2015)
    GBPUSD
    Dominant bias: Bearish
    The movement on Cable for the last week was flat, and should the market remain flat for this week, the overall bias would turn neutral. The recent bias is bearish and the current price action shows a serious tug of war between the bull and the bear. For the price to move seriously (to go out of balance), either the bull or the bear must dominate, for price will remain flat as long as the bull and the bear appear to have equal strength. Whether this week or next week, there would be a rise in momentum, which may force the price below the accumulation territory at 1.4750 or above the distribution territory at 1.5050. However, it is more likely that Cable would rally, meaning that the expected increase in the momentum will likely favor buyers.

    Source: www.tallinex.com
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  • Article / Friday at 18:00 GMT

    FX 4 next week: Uncertain times for the US dollar

    Head of FX Strategy / Saxo Bank
    Denmark
    FX 4 next week: Uncertain times for the US dollar
    Unsettled times for the US dollar after a rejection of big fig 1.1000 in USDJPY. With a key Yellen speech on the agenda and a minefield of US data in store, the week ahead might well be choppy. Elsewhere, EURGBP strength is waning, EURNOK looks headed for downside and the AUDJPY/NZDJPY bearish reversal seems assured.
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    1d
    goldfinger goldfinger
    I assume first head should read euro dollar in flux at 1.10 rejection?
    3h
    Aldwin Kennedy Aldwin Kennedy
    Key Highlights
    • US dollar lost the plot and traded lower after the US GDP report missed the expectation.
    • In the US, the Gross Domestic Product Annualized released by the...
  • Article / Friday at 17:42 GMT

    Market Close: US markets rally ahead of Yellen speech

    TradingFloor.com Team / Saxo Bank
    Denmark
    US stocks are trading in the green, ahead of the US Fed Chair Janet Yellen’s speech later today. On the macro front, revised data released in the US showed that economic growth in the last quarter of 2014 slowed as previously anticipated. UK stocks ended in negative territory, led by a decline in energy and mining sector stocks.
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  • Article / Friday at 13:57 GMT

    WCU: Commodity focus turns to Yemen

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Commodity focus turns to Yemen
    Yemen was the big story of the week as a Saudi Arabian-led coalition attacked Hauthi rebels, sparking fears of a spike in tensions between Shiite Iran and its Sunni neighbours and triggering sharp gains for oil and precious metals. Elsewhere, industrial metals lagged and the agricultural sector awaited a key report due next week.
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    1d
    Ole Hansen Ole Hansen
    With regard to oil markets also remember that the deadline for an agreement between Iran and six major powers is on Tuesday March 31. Look out for...