EURGBP Cross & USD Index
The 2Q U.S. GDP report bested market expectations with a 2.5% figure that served as the main fundamental catalyst for a much needed rally for the U.S. dollar. This annualized figure have beaten the 2.2% general forecast survey versus the 1.7% previous actual data which provided a better growth pace contrary to what the market have anticipated.
However, there still exists some valid arguments amongst some FED central bank members regarding the tapering schedule during their next 2 days September meeting. As the recent GDP figure can be interpreted in such a way that a much better economic recovery would be insight for the last quarter of 2013. And this is how a fundamentally oriented market moves when actual market data beats forecast coupled with volume trading supporting price action, particularly the USD Index. On the other hand, a careful watch should be taken serioiusly as to the Syrian crisis that may escalate more than any arguments since France have shown their intentions contrary to the no confidence vote in the Bristish parliamentary.
GDP Confirms Market Call:..
MEGATRADE101.com - The Business of Making the Right Trading Decisions Beyond Charting & Price Action Analysis
Friday, August 30, 2013
Wednesday, August 28, 2013
Market SRO: Majors & Crosses
USD YEN CHF GBPJPY EURGBP
with the recent rebound of the August US Consumer Confidence to 81.5 contrary to market expectations may probably signal to a better August NFP figure in the upcoming report.
This has been widely expected as the USD initial market price action for the US dollar index have recovered in today's trading sessions. Although, overshadowed by the overseas US reaction regarding the Syrian crisis both on the Oil and precious metals market have somehow capped and limited the USD Index advance to as high as 81.59 basis point
Market SRO: Majors & Crosses
with the recent rebound of the August US Consumer Confidence to 81.5 contrary to market expectations may probably signal to a better August NFP figure in the upcoming report.
This has been widely expected as the USD initial market price action for the US dollar index have recovered in today's trading sessions. Although, overshadowed by the overseas US reaction regarding the Syrian crisis both on the Oil and precious metals market have somehow capped and limited the USD Index advance to as high as 81.59 basis point
Market SRO: Majors & Crosses
Monday, August 19, 2013
Insight: Cross-Trade Strategies
Market Price Action: GBPJPY GBPUSD USDX
On the fundamental side of the market, the focus is on the FOMC minutes which we still expect to be in line with its previous policy stance that have sustained a releif recovery for the US Dollar. Although, a mix report transpired last week, uncertainty over how investors react have dictated price action in the market.
Higher yields, and a corrective phase for the Dow Jones have likewise proven to be the balancing act that investors and traders have to weigh. With no real catalyst except for the FOMC report other than the general expectations of retail forex analyst for a USD recovery; we remain neutral-to-bearish for the USD unless proven otherwise. A combination of cross-trading majors and crosses remains well positioned after certain trade settlements have been made.
MegaTrade101.com - Insight: Cross-Trade Strategies
On the fundamental side of the market, the focus is on the FOMC minutes which we still expect to be in line with its previous policy stance that have sustained a releif recovery for the US Dollar. Although, a mix report transpired last week, uncertainty over how investors react have dictated price action in the market.
Higher yields, and a corrective phase for the Dow Jones have likewise proven to be the balancing act that investors and traders have to weigh. With no real catalyst except for the FOMC report other than the general expectations of retail forex analyst for a USD recovery; we remain neutral-to-bearish for the USD unless proven otherwise. A combination of cross-trading majors and crosses remains well positioned after certain trade settlements have been made.
MegaTrade101.com - Insight: Cross-Trade Strategies
Friday, August 16, 2013
MegaTrade101.com - Trade Summary: PLAN & STRATEGY
CCY : EURUSD GBPUSD EURGBP AUDUSD
Understanding the market conditions is best serve by reviewing how price action of the majors and crosses have performed from the past to the current price settings today. The sequence of trades refelcted in this "TRADE PLAN & STRATEGY" for the period coverd from: 6.17 to 8.16, 2013.
Based on our previous video support at FOREX: EURGBP CROSS -T- Perspective LIVE 8.01, placing a traiing order for liquidation has been made last August 01. And re-establishing trade positions as decribed in our recent market view analysis "T-Angles" Majors & Crosses" dated as far back as June 17 - to - August 16 2013 Trade Plans & Startegies.
Our focus has been mainly on the EURGBP cross rate chart configuration nearing its cyclical pattern using the FIBO Time Zone settings and a bearish Gartley pattern formation have provided us an early warning since July 28th and we have expected price action contrary to its up trend would soon be in the making. This is just the first signal indication while waiting for a probable market confirmation between the USD, Euro and the Sterling Pound and whenever the probablility of a najor correction would continue. The Key price action below the 0.8467- 0.8500 channel support levels would equally be crucial in the techncial perpective that would trigger and confirm this outlook.
MegaTrade101.com - Trade Summary:
Understanding the market conditions is best serve by reviewing how price action of the majors and crosses have performed from the past to the current price settings today. The sequence of trades refelcted in this "TRADE PLAN & STRATEGY" for the period coverd from: 6.17 to 8.16, 2013.
Based on our previous video support at FOREX: EURGBP CROSS -T- Perspective LIVE 8.01, placing a traiing order for liquidation has been made last August 01. And re-establishing trade positions as decribed in our recent market view analysis "T-Angles" Majors & Crosses" dated as far back as June 17 - to - August 16 2013 Trade Plans & Startegies.
Our focus has been mainly on the EURGBP cross rate chart configuration nearing its cyclical pattern using the FIBO Time Zone settings and a bearish Gartley pattern formation have provided us an early warning since July 28th and we have expected price action contrary to its up trend would soon be in the making. This is just the first signal indication while waiting for a probable market confirmation between the USD, Euro and the Sterling Pound and whenever the probablility of a najor correction would continue. The Key price action below the 0.8467- 0.8500 channel support levels would equally be crucial in the techncial perpective that would trigger and confirm this outlook.
MegaTrade101.com - Trade Summary:
Thursday, August 15, 2013
Market Insight: FED Sentiments vs.Speculative Price Action
FOMC member from St. Louis - Fed Bullard's comments have been considered a warning within its members and for obvious reasons to traders in the market for over speculative optimism for the September taper policy action that resurfaced in the market place. This provided the additional short-lived and relief lifeline for the USD recovery which have taken place for the past several trading days. Unless better data comes out to support this weak USD rally, the directional trend for the US dollar index remains bearish.
Market Insight: FED Sentiments vs.Speculative Price Action
Wednesday, August 14, 2013
Game Changing Move Expected..
from Speculative Price action
The positive influence of Retail Sates couple with the recent precious metals decline have given the USD the lifeline every bull analyst have been waiting for. Although, price action for the past 3 consecutive days of US Dollar recovery have lost its steam and would soon retrieve back to its original directional trend heading lower.
Key price areas to check for the closing week with the US Dollar Index is whether it would stay above the 82.05 pivotal price to restore its bullish sentiment. Or would a retest and pullback below the 81.10 levels be done within the next 2 trading days. Watch these key prices on both sides of the range when European market open on thrusday going into the American trading sessions.
Game Changing Move...
The positive influence of Retail Sates couple with the recent precious metals decline have given the USD the lifeline every bull analyst have been waiting for. Although, price action for the past 3 consecutive days of US Dollar recovery have lost its steam and would soon retrieve back to its original directional trend heading lower.
Key price areas to check for the closing week with the US Dollar Index is whether it would stay above the 82.05 pivotal price to restore its bullish sentiment. Or would a retest and pullback below the 81.10 levels be done within the next 2 trading days. Watch these key prices on both sides of the range when European market open on thrusday going into the American trading sessions.
Game Changing Move...
Monday, August 12, 2013
Opening Market Insight for 8.12
Consistency & Protective Strategies on Effective Trade Positions:
The US Dollar has lost ground across the board for the past four weeks with only a week of recovery seen on the last week of July. As we have perceived that the US debacle is relatively not over yet; unless US retail sales and consumer confidence figures scheduled within the week would essentially provide some lifeline that would potentially give a boost of confidence for the safe haven currency.
Opening Market Insight for 8.12
The US Dollar has lost ground across the board for the past four weeks with only a week of recovery seen on the last week of July. As we have perceived that the US debacle is relatively not over yet; unless US retail sales and consumer confidence figures scheduled within the week would essentially provide some lifeline that would potentially give a boost of confidence for the safe haven currency.
Opening Market Insight for 8.12
Thursday, August 8, 2013
T-ANGLE: MAJORS & CROSSES -GBPUSD-GBPJPY-AUDUSD-EURUSD
After dissecting market reports from last week's trading activity & comparing price action based from our market perception, the end-result by making a market call for the USD debacle to continue its course lower have been confirmed.
The market perception then was a short-live corrective move higher which was suported with mix reports from the market place that registered a week's high @82.50 ending August 02, 2013. This was the result of the 2 day opening trading activity for August which overlap with the end of the week's trading for July as well.
MegaTrade101.com T-ANGLE: MAJORS & CROSSES
The market perception then was a short-live corrective move higher which was suported with mix reports from the market place that registered a week's high @82.50 ending August 02, 2013. This was the result of the 2 day opening trading activity for August which overlap with the end of the week's trading for July as well.
MegaTrade101.com T-ANGLE: MAJORS & CROSSES
Monday, August 5, 2013
US DOLLAR DEBACLE
The late trading activity last Friday was apparently a disappointment for other traders, when the negative effects of the Non-farm Payrolls figure reflected a decline in the US dollar. Contrary to a slightly good unemployment figure & the ISM numbers that didn't really sustain the recent relief recovery made by the USD Index registering a week's high @82.49 basis point.
The recent article on "Expectations & Market Perception" dated the 29th of July; that there would be enough room for the USD to make a recovery effort would be seen which still did contrary to its decline on the last trading day of the week. The overlapping trading activity for the new month of August, along with the last week of July have signaled such recovery before the risk events took place. As the candlestick bar of the week-ending August 02 could be perceived as an bullish inverted-hammer (tech-angle interpretation) frequently described as marker for the next price recovery for the USD. While opening with a slight price gap higher from its closing price would build some fresh speculative longs.
US DOLLAR DEBACLE
The recent article on "Expectations & Market Perception" dated the 29th of July; that there would be enough room for the USD to make a recovery effort would be seen which still did contrary to its decline on the last trading day of the week. The overlapping trading activity for the new month of August, along with the last week of July have signaled such recovery before the risk events took place. As the candlestick bar of the week-ending August 02 could be perceived as an bullish inverted-hammer (tech-angle interpretation) frequently described as marker for the next price recovery for the USD. While opening with a slight price gap higher from its closing price would build some fresh speculative longs.
US DOLLAR DEBACLE
Thursday, August 1, 2013
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