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More unpredictability to come in 2014?

November 6, 2014 in Economy

In hindsight, last week’s chaotic run for the markets looks almost inevitable. The sustained lull in forex in volatility, overinflated stocks in the US and beyond, and an almost fanatical belief that key economies were on an unimpeded journey towards health all combined in spectacular fashion, and panic set in. The view held by many […]

Currency Speculators raised US Dollar bullish positions higher for 4th week

October 19, 2014 in Forex Analysis

By CountingPips.com The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators pushed their overall US dollar bullish bets higher last week for a fourth straight week and to the highest overall level since May 2013. Non-commercial […]

Weekly Technical Strategist On EURUSD

October 12, 2014 in Forex Analysis

EURUSD: Recovers Higher On Correction EURUSD: Except EUR returns above the 1.2791 level, it faces a possible reversal of its corrective recovery triggered the past week. Support lies at the 1.2550 level where a break will expose the 1.2500 level. Below here will pave the way for a move lower towards the 1.2300 level. If […]

Daily Technical Strategist On AUDUSD

September 26, 2014 in Forex Analysis

AUDUSD: Price hesitation Sets In. AUDUSD: Though seeing a price hesitation during Friday trading session today, it continues to maintain its broader medium term downside pressure. Support lies at the 0.8750 level. A cut through here will turn attention to the 0.8700 level and then the 0.8650 level where a violation will set the stage […]

Special Focus On EURJPY

September 25, 2014 in Forex Analysis

EURJPY: Extends Corrective Pullbacks EURJPY- With the cross vulnerable and targeting further downside, more decline is envisaged. Support comes in at the 138.50 level where a break will aim at the 138.00 level. A break will target the 137.50 level with a breach turning focus to the 137.00 level. Below here will aim at the […]

Trading Opportunities with USD/JPY in the Coming Days

September 23, 2014 in Forex Analysis

As we had mentioned during the first week of this month in an USD/JPY update titled “USD/JPY – Is 110 still a dream or becoming a reality?“, repeating the same thoughts which were voiced almost 9 months back in another post titled “USD/JPY 2014 Outlook – Is 110 a question of “when” not “whether”?“, the […]

Special Focus On AUDUSD

September 15, 2014 in Forex Analysis

AUDUSD: Halts Weakness, Looks To Recover Higher. AUDUSD: With the pair halting its past week sell off during Thursday trading today, we envisaging a corrective recovery higher in the days ahead. Support lies at the 0.8983 level. A cut through here will turn attention to the 0.8950 level and then the 0.8900 level where a […]

USD/JPY – Is 110 still a dream or becoming a reality?

September 3, 2014 in Forex Analysis

It was December 28, 2013 i.e. over 8 months back when we had indicate that the year 2014 should see USD/JPY to target 110.00. Well, the pair failed to move beyond 105.44 and had fallen to 100.75. The psychological support of 100.00 ranges had come at rescue but since then the currency pair had been […]

Currency Speculators increased US Dollar bets to highest level since February last week

August 3, 2014 in Forex Analysis

By CountingPips.com The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large trader and speculators increased their bullish bets in favor of the US dollar for a second consecutive week and euro positions fell to their lowest level since 2012. Non-commercial […]

Gold Rallying On Back of US Dollar Gains

July 21, 2014 in Trading with Other Commodities

The gold price has rallied strongly in recent weeks to hit a high of $1322 per ounce in recent weeks. Renewed demand from Jewellers and producers together with increased global political tensions have caused the yellow metal to rally from lows at $1193. However despite recent gains the metal still remains far from the recent […]

USD/CAD Outlook – The Pair Is Near Some Resistances

July 14, 2014 in Chart Alert

During the previous USD/CAD outlook update, we had indicated that the price was hitting a mid-term trend-line support and that we could expect some upward gains, including the possibilities of a near-term bottoming. The support was witnessed within a couple of days of posting that outlook. Let’s have the new chart with the current price-action. […]

Currency Speculators increased bullish US Dollar bets for 1st time in 4 weeks

July 13, 2014 in Forex Analysis

By CountingPips.com The latest data for the weekly Commitments of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and speculators slightly added to their US dollar bullish bets last week for the first time in four weeks. Non-commercial large futures traders, including hedge funds and large […]