All
  • All
  • Articles
  • Squawks
  • Trade views
  • Must reads
  • Videos
  • Calendar
Views on Forex
Write a Squawk
No posts
  • Squawk / 30 minutes ago
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    The Bank of Spain released its Q1 GDP forecast yesterday. The central bank estimates that the Spanish economy grew 0.4% q/q in the first quarter, 0.1 percentage point higher than the current consensus estimate of 0.3%. The Bank of Spain is traditionally very good at estimating GDP growth.

    The central bank further notes that it expects private consumption to have risen in Q1, in which case it would be a fourth consecutive quarterly increase.

    Spain's Q1 GDP report will be released on April 30 at 07:00 GMT.
    Read the Squawk
  • Squawk / 1 hour ago
    wizard65 wizard65
    Senior Analyst / Tallinex.com
    Estonia
    Weekly Trading Forecasts on Major Pairs (April 28 – May 2, 2014)

    EURUSD
    Dominant bias: Neutral
    The overall bias on the EURUSD is neutral because the market has been in an equilibrium phase for about two weeks. While there is currently no directional bias on this pair, momentum would soon return to the market, which would cause a significant movement in one direction. The most probable directional movement could be towards the north (as confirmed by the price action). Should this happen, one may be looking at the resistance lines at 1.3850 and 1.3900 as targets for long trades.

    USDCHF
    Dominant bias: Bullish
    This market is bullish but the situation remains precarious. It is so precarious that a movement below the support level at 1.8800 is enough to render the bullish outlook invalid. For the outlook to continue to make sense, the price needs to rise above the resistance level at 0.8850; although the logical target for the bull is at the resistance level of 0.8900.
    Read the Squawk
  • Squawk / 1 hour ago
    Market_Impulses Market_Impulses
    Financial Newsletter / Quantesys S.A.
    Switzerland
    GBPCHF keeps moving down towards the Objective after SELL signal at 1.490 given last Tuesday
    Read the Squawk
  • Squawk / 1 hour ago
    John J Hardy John J Hardy
    Head of FX Strategy / Saxo Bank
    Denmark
    Extreme complacency alert: Deutsche Bank's measure of 1-month implied volatility of the G7 currencies, currently at around 5.50% after an impressive collapse in recent months, is close to the all time lows from 2007 (series started 1994). Extremely low volatility is usually a sign of complacency and a sign that the market is not prepared for whatever will surprise it next... Chart was created in Bloomberg.
    Read the Squawk
  • 33m
    alex1304 alex1304
    Below 1.68 and up to 1.67675 "thick" layer of short positions and the growing "cloud" buy orders
    28m
    alex1304 alex1304
    Apparently 1.68085 can pass, see the volumes for sale decreases with each passing minute. :)
  • Squawk / 2 hours ago
    nana nana
    Global Head of FX Spot / Saxo Bank
    Denmark
    XAUUSD: Resistance now at 1300 - 200DMA and psychological level and support at 1280 (just below 100DMA). Below that next strong support comes in in the 1260-70 region (yesterdays low was 1268 and we have an important support at 1262.62 -the 62% retracement of the December 2013-March 2014 advance). If Ukraine/Russia tensions escalate and we trade through 1300- focus will turn to 1315.86 - the 38% retracement of the March-April 2014 sell-off.
    On the downside we need a close below 1262 to open up for a longer term bearish sentiment.
    Read the Squawk
  • Squawk / 2 hours ago
    alex1304 alex1304
    FMTU Int Corp
    Saint Kitts and Nevis
    Yesterday's trading range boundaries are not violated.
    USDJPY - Resistance: 102.575/102.67; Support: 102.215/101.8; Easier movement in the direction: downward; 24/04/14

    Today's trading range to former U.S. session
    USDJPY - Resistance: 102.54; Support: 102.17; Easier movement in the direction: downward; 25/04/14
    Read the Squawk