Wednesday, April 30, 2014

True Colors of the Market: CABLE (GBPUSD) vs.DXY

Coming from the fundamental side of the US GDP miss @0.1% have justified and driven the 'Top Heavy" USD Index back to its original levels at the bottom of the charts nearing the 79.33bp line of defense. And the all important price call previously mentioned dated the 11th of April.

Simply having walked thru these numbers, the Reinforced trend of CABLE has indeed provided a reasonable rally to its present high @1.6899; where the 1.6930 is what is being aimed at. While the EURO have renewed its vigor generating a lift from the low @1.3773 before the GDP figures came. And working @1.3866 as of this writing. Patience has indeed played a relatively good role as the current prices had eventually paid-off.

The three(3) successive higher lows as described in our market view analysis dated the 8th of April: Spot Check: GBP EUR AUD vs.USD. This has been attributed to the Cipher3 Trading Analysis which has now been justified. Although, it has been an extended period before the serious follow-through was made, supported by the news today. And have spilled-over to a GBPJPY recovery from its daily corrective move, aligned with the USDJPY currency pair. Of course session drawbacks are expected within the three major markets especially before the end of the trading week.Finally showing their true colors!

Market Update: GBPUSD weekly Chart as of April 30

Monday, April 28, 2014

Market brief Insight: GBP EUR AUD & Crosses

Patience is bitter but its fruit is sweet!

Market patience has been tested time & again; as prices have been in both directions since the European majors have decided to consolidate in the levels of range bound trading. With the initial decline in the Asian/ European trading sessions have earlier triggered a soft rally for CABLE in particular.

Although, some have claimed to be not convinced of the initial move since it has been more of an anticipation of good numbers that would be coming from UK improving economic outlook. The USD Index (DXY)'s decline to as low as 79.55 have only provided a slight push for both Euroepan majors. The recent pullbacks on prices is but a normal session correction as momentum and volume build-up would be contained nearest to the coming reports from an expected busy volatile week ahead. Somehow Wall-streeters as compared to  main-street as we'd like to term it; has been shrugging geo-political uncertainty and brushing it on the side contrary to the new Russian sanctions imposed  today.

Market brief Insight: GBP EUR AUD & Crosses

Sunday, April 27, 2014

One-on-One Pro Mentor Program Schedule - 3rd quarter schedule is in Dubai, UAE

The Third (3rd) quarter trading " One-on-One" schedule would be booked in advance for those interested traders and investors in the Middle-East particularly in Dubai, UAE. This is part of the professional services to our current premium clients that we assist in providing them a personal approach of the trading strategies other than the online discussions of the market. Limited slots available.

Calendar of Schedule: By appointment Only!
  • 3rd quarter schedule is in Dubai, UAE. With business address and location:  Standard Chartered Tower, Level 5 Emaar Square, Downtown Burj Khalifa, Dubai, UAE. Please send email for inquiry & schedule an appointment only.
  • 2nd quarter schedule for Philippines has just been concluded: Location is the 20th Floor Zuellig Bldg., Makati Avenue, corner Paseo de Roxas, Makati Financial District - Makati City  Philippines. By appointment Only.
 All Training programs has Variable Support levels via direct email are inclusive in the package. With the exception for Premium Client Services which includes: LIVE-Real Time Q&A (Asia, European & US Trading sessions) via Direct Twitter and/or Skype accounts by advance arrangement schedules only.

Thursday, April 24, 2014

Timing Market Shift: EUR AUD & Cross rate

Main market drivers after the bell was obviously focused on Apple and Facebook delivering the goods for their investors. This was a much awaited welcome with a few market twist on the stock-split from Apple. Nevertheless, timing these market shift while the USD is still in negative territory can only work well while waiting for the next catalyst to move the tightly range bound major currency pairs.

Apple and Facebook soared on earnings news; while Amazon earnings preview, later today, Amazon, Microsoft and Starbucks will be in focus scheduled to report their quarterly results after the close of trading. Some of the Dow components like Caterpillar (CAT) and General Motors (GM) also reported better-than-expected results keeping the DJIA simply making its corrective session moves while gaining momentum for the next leg up.

However, the DOW30 (DDM) is retesting its daily high @115. & currently @114.66 (+0.16%); while the DIA is @164.89 (+0.15%) to this writing; with the DJIA @16,533.67. So far so good for now!

Timing market shift: EUR AUD & Cross rate

Friday, April 11, 2014

1st Quarter Trading Break for 2014

NOTICE: To all our trading colleagues,

Well its that time of the year where we would be taking our quarterly trading break. The market had just been a bit over-extended before any real serious moves occur but it would not show on the technical charts. At any rate, from time to time we'll be monitoring the market for any sudden and unexpected moves from fundamentals. 

Have a great trading week ahead and we'll see you soon!
alexander@megatrade101

ONLY THE BEST FOR YOUR TRADES!

Insight: US DXY EUR GBP

Global equities have fallen with the DOW Jones ( the US Mt. Olympus of equity trading..so to speak) dragging the rest of the pack lower with the spillover effects have gone towards Asia with the Nikkei below the 14000 levels.

Continued risk aversion and investors market shift to unload have gained momentum. Even with some commodity currencies like the Aussie Dollar vs. the Japanese Yen and Candian Loonie have felt the volatility in the market place. The best performing currency pairs were still converging with the Euro and Cable pairs gaining from the decline of the US dollar (Index: DXY) running below the 79.50 basis point contrary to the jobless claims report that have slightly provided some positive support for the USD. However, the negative impact of this decline have continued to weigh oni investors minds with the continued uncertainty of the US sanctions to be imposed on Russia. these are the two main hightlights that would be addressed by traders as to which on these fundamentals would weigh more on the market.

Insight: US DXY EUR GBP

Tuesday, April 8, 2014

Spot.Check: GBP.EUR.AUD vs. USD

About time! Emerging market currency increases have provided a drive to push the USD lower, on top of the market shift from institutional and speculative investors moving towards the Gold market. With the increasing tensions emerging in Ukraine have refueled uncertainty in the market place.

Although, aside from what we already know, the recovery amongst the European majors have not been driven by any particular news but simply by the continuing decline in the USD; with the USD Index (DXY) is currently below the 80.05 basis point support level. As the previous week's rather sluggish recovery for the USD coupled with some positive data have not helped it to sustain above the 80.50/60 levels. Price momentum have diminished with investors shifting from both sides of the market with the Dow Jones recovery before the day's decline. These market shifts and price squeeze have enabled market traders to move in both directions between stocks, commodities and the currency market.

Spot.Check: GBP.EUR.AUD vs. USD

Tuesday, April 1, 2014

Price Action Analysis & Insight: EUR GBP AUD JPY

The positive sequence of USD news, the initial reaction from Janet Yellen's comments, consumer confidence and the recent ISM figures should have pushed the USD above the registered high @80.35 basis point. However, its failure to do so remains,as investors' contrarian sentiments on the USD recovery outweighs the reports. 
The USD Index DXY Spot, have been really sluggish as it now remains in negative territory below the 80.05 benchmark that whipsaw its way lower as of this writing. The market's behavior based simply on Price Action Analysis (PAA) have justified the prevailing market sentiments from its original trend behavior. Which in fact has been a relative short-lived USD rally that has not sustained its ability to push higher.
Price Action Analysis & Insight