Forex - Us session

Hello Traders,

USD is stronger from Monday after better than expected us data ( on Monday and Tuesday...)

EUR-USD - As I wrote earlier... usd needs a time :)...
In my opinion, If You have short EUR-USD, You can to take some profits here
1,2675-90, and try rebuild near 1,2740 or below 1,2630 ( last double bottom )for first target 1,2560 and 1,2460-80 later... Move above 1,2740-60 could change short term view, long term view will be change above 1,2940-80....

All in all usd bulls are back ....

Tommorow important :

CHF - KOF

GBP - GDP & C/A, later CBI

USD - Durable Goods Orders & New Home Sales

Good Luck
Piotr

p.s.
If You have to recive all details ( commentary, analysis, trading strategy, any alerts ) simple send email to me: piotr.wilczynski@finexo.de,
when You send e-mail to me it's mean You also agree to recive info about fx-brokers,
and remember Your e-mail adress will stay only in my base. If You will have remove from my database simply sent blank email to me.

Forex - pre Asia open

Hello Traders,

USD lost ground today after bad numbers ( Leading Indicator and Phily FED ) also negative for greenback are things with China ( protctionizm )..., so i need change some my positive view for usd...

EUR-USD - i wrote yestrday after FOMC, that im usd bulls as long as 1,2980 resistance will hold, propably we have good levels for build new usd longs positions, i wrote yesterday that below 1,2750-80 bigger chances have bears, all propably, at this moment a need to change some my view... better to wait till tommorow...

Note: watching cad,chf and jpy...

Good Luck
Piotr

p.s.
If You have to recive all details ( commentary, analysis, trading strategy, any alerts ) simple send email to me: piotr.wilczynski@finexo.de,
when You send e-mail to me it's mean You also agree to recive info about fx-brokers,
and remember Your e-mail adress will stay only in my base. If You will have remove from my database simply sent blank email to me.

Forex - pre Asia open

Hello Traders,

USD lost ground today after bad numbers ( Leading Indicator and Phily FED ) also negative for greenback are things with China ( protctionizm )..., so i need change some my positive view for usd...

EUR-USD - i wrote yestrday after FOMC, that im usd bulls as long as 1,2980 resistance will hold, propably we have good levels for build new usd longs positions, i wrote yesterday that below 1,2750-80 bigger chances have bears, all propably, at this moment a need to change some my view... better to wait till tommorow...

Note: watching cad,chf and jpy...

Good Luck
Piotr

p.s.
If You have to recive all details ( commentary, analysis, trading strategy, any alerts ) simple send email to me: piotr.wilczynski@finexo.de,
when You send e-mail to me it's mean You also agree to recive info about fx-brokers,
and remember Your e-mail adress will stay only in my base. If You will have remove from my database simply sent blank email to me.

Forex - after FOMC

Hello Traders,

The U.S. Federal Reserve on Wednesday held its benchmark interest rate steady for a second straight meeting, biding time to assess whether cooling economic growth will curb price pressures.

Some traders said that is dovish some that is hawkish.....

In my opinion....

EUR-USD - all after FOMC was fully in price, no surprise..... so why usd will be stronger in my opinion?
1. Technically, while below 1,2750-80 , bigger chances for bears
2. OIL drop to 60 usd from the long time, it could help us economy, not only inflation could be main driver for usd....
3. Carry Trade....

My Long Term View - while below 1,2980 possible target is even below 1,2000 till the end of the year, i will change my view on daily close above this level....

good luck

Forex - pre-Asia open

Hello Traders,

tommorow:
EUR - German PPi and ZEW index
CAD - CPI
USD - PPI and Housing Starts and building permits

GBP-CHF - see daily chart below

after week...

Hello Traders...

EUR-USD - as i wrote in my last post, bigger chances had bears, during fridays session we saw new low at 1,2629, but earlier ( Thursday evning ) we had stop hunting near 1,2735-50 area...all in all next week we have a chance for test 1,2555-80 level....


GBP-USD - thursday evning pair touched 61,8% from last fall, but friday pair back under 1,8800 level and tested 1,8755-70 support, strong resistance near 1,8900-25, but i expect another test 1,8600 early next week...

USD-JPY - support at 117,30 looks very strong, also we have very strong resistance ( long term downtrend line ) near 118,30-60, also during this week G-7 meeting... very interesting is where we will open after G-7

good luck

morning edition

...and after vacation...

Hello traders,

im back in after vacation and...

EUR-USD - today need to break 1,2715-35 or 1,2650-60 for clear direction, bears have bigger chances at this moment...

GBP-USD - till 1,8810 should name only correction abovethis level bears could be under-pressure, after i watched chart early morning i still see a chance for another test 1,86 level this week

USD-JPY - strong resistance comming near 118,30-60, long term down-trend line, support 117,30-40.... above resistance big target is 140 as i wrote earlier...

good luck

vacation from 28.08....till....we will see

some vacation - propably till 09.09.2006