#GBPUSD 300714 #FOREX #VIENTRADINGSYSTEM
Showing posts with label Trading Signal. Show all posts
Showing posts with label Trading Signal. Show all posts
Thursday, July 31, 2014
Monday, July 28, 2014
#GBPUSD UPDATE #FOREX 280714 #VIENTRADINGSYSTEM
the complicated pattern of gbpusd sideways. this pattern acted as correction to wave 4.
Friday, January 10, 2014
Tuesday, December 10, 2013
#GBPUSD UPDATE #FOREX 101213 #VIENTRADINGSYSTEM
Dear traders, I would like to apologize about my lack update of my analysis due to my busyness of my new daily routine from where i worked at local broker.
but on this opportunity, i ve seen that all currency is on critical issue lately, especially gbpusd. the final triangle had already seen as the last high of wave "E" is at around below 1.6500.
Our first target in on 1.6380 has already to break for another assumption of gap issue on the last legs of "B" pattern.
We should realize that the mission of this month is finding closing price of yearly. So in that case we assume that the new trend would be on next year. But we should also realize that the start of new trend is not on the highest high, so this month mission are as double mission for finding closing price and entry for new trend .
but on this opportunity, i ve seen that all currency is on critical issue lately, especially gbpusd. the final triangle had already seen as the last high of wave "E" is at around below 1.6500.
Our first target in on 1.6380 has already to break for another assumption of gap issue on the last legs of "B" pattern.
We should realize that the mission of this month is finding closing price of yearly. So in that case we assume that the new trend would be on next year. But we should also realize that the start of new trend is not on the highest high, so this month mission are as double mission for finding closing price and entry for new trend .
Thursday, November 21, 2013
#GBPUSD 201113 UPDATE #FOMC #FOREX #VIENTRADINGSYSTEM
Today issue is on FOMC meeting as important movement of GBP. As you can see below on picture, the target of today's volume before FOMC is on fibo 0.618 of yesterday daily range that acted as today's Low and 1.618 as today's high. This is still indicate that the possibility of another correction pattern may occur. because yesterday volume is nearly the same as today's volume. That is typical of A-B correction.
This scenario has give us another possibility the next target would be nearly the first of wave of A or on yesterday Low or there is also possibility to break with estimate between 1.6115 to 1.6070
But we should considering of this weekly volume that still on 120pip. is it Logical?
This scenario has give us another possibility the next target would be nearly the first of wave of A or on yesterday Low or there is also possibility to break with estimate between 1.6115 to 1.6070
But we should considering of this weekly volume that still on 120pip. is it Logical?
Wednesday, November 20, 2013
#GBPUSD update 201113 #FOREX #VIENTRADINGSYSTEM
The complicated pattern and the mixed between UK and US data has give us uncomfortably decision on latest entry.
Our target as you can see on picture is describe that from the bottom of latest trend of ranging that is the wave of A-B and the current target will nearly last month high
the key of the target is today low, as you can see on marked on blue rectangle the volume of first trend usually the same as today or current trend. The first volume of trend reached 160 point, so we assume if the first motive was begin on 1.6103 so the next target will be on 1.6248
After reach the target we assume that GBPUSD will finding the last entry for bearish trend.
Our target as you can see on picture is describe that from the bottom of latest trend of ranging that is the wave of A-B and the current target will nearly last month high
the key of the target is today low, as you can see on marked on blue rectangle the volume of first trend usually the same as today or current trend. The first volume of trend reached 160 point, so we assume if the first motive was begin on 1.6103 so the next target will be on 1.6248
After reach the target we assume that GBPUSD will finding the last entry for bearish trend.
Friday, November 15, 2013
Thursday, November 14, 2013
Wednesday, November 13, 2013
#GBPUSD D1 131113 update #FOREX #VIENTRADINGSYSTEM
GBPUSD still reaching bearish target, the formation pattern would be making another impulse or downtrend with minimum correction, typically the volume target will the same as on first wave.
if you can see the image above, there is x---A-B---C (current on target).
The volume of x---A typically the same as B---C
Tuesday, November 12, 2013
#GBPUSD target review 121113 #FOREX #VIENTRADINGSYSTEM
klik for enlarge
Just what we said before on last month analysis, GBPUSD will continue in bearish that making important pattern that the target is done based on what we marked before, why its important pattern?
the pattern of GBPUSD has found the "E" target of major triangle pattern, this mean it could be the new trend would be come probably for next year, but we should await on completed bottom target and review the pattern, because it is also have possibility of making "F"-"G" and "H" as complicated triangle. That show that GBPUSD still await on fundamental issue.
The Key of the pattern is based of if this will making as impulse or another correction bearish.
#GBPUSD 121113 update #FOREX #VIENTRADINGSYSTEM
klik for details
Beware of the GAP its usually indicated that the bullish is weak, this mean the target are moved into below, you can see the sample the power of gap on usdjpy.
Monday, November 11, 2013
#GBPUSD M15 update #FOREX #VIENTRADING SYSTEM
GBPUSD has reach the "B" correction pattern the target is on 2nd wave of "A" . this indicate to be flat pattern and should be ended on wave "A" or above.
#GBPUSD H4 #FOREX update #vientradingsystem
klik for bigger size
This week GBPUSD move as correction to yesterday impulse, the target usually on wave 4. and built another pattern it might be flat pattern.
klik for bigger size
The characteristic of flat (as you can see on the image) is on the first wave is targeting on 4th and bounching back bearish to wave 5 and ended again on 4.
Saturday, November 9, 2013
Fundamental focus #GBPUSD - When will interest rates rise?
When will interest rates rise? Growing divide between economists, markets and the Bank over when an increase will come
UPDATED: 09:01 GMT, 8 November 2013
LATEST
Base rate was held once more at 0.5 per cent yesterday but a growing divide is emerging between the Bank of England's forward guidance, the money markets and some economists on when it will have to rise.
Britain's rapidly improving economy has not dramatically pulled forward money market expectations but another forecast for a swifter increase arrived this week from think tank the NIESR.
There is a view gaining increasing traction that unemployment will fall faster than the Bank predicted in its forward guidance, which pledged to not consider a raise until this was below 7 per cent.
But this week’s forecast of rates needing to go up sooner was not tied to this. Instead an earlier rise was tipped by the NIESR, to keep the economy from overheating. It said rates would move off their record low in 2015 - earlier than the Bank of England's late 2016 forecast.
Divided: A gap is emerging between Mark Carney's forward guidance and what economists say will happen to interest rates.
The economists who believe the Bank will find it impossible to stick to its predication are looking at the property market, economy and confidence heating up.
The NIESR predicts an ahead of schedule increase to stop low rates from causing instability - with rising consumer spending and house price inflation the potential triggers.
In contrast, money markets have calmed since their late summer wobble and now put a first rise slightly earlier in 2016 than the Bank does. They also suggest that even if an earlier rise comes, rates will stay low for a long time
All eyes are now on the Bank's inflation report on November 13 and whether it will stick to its forward guidance guns in that.
Strong GDP growth of 0.8 per cent was reported while minutes from the Bank of England monetary policy committee meeting showed members admitting they foresee unemployment falling faster than previously predicted as a result of the stronger economic growth. Read more here.
Swap rates, which measure the cost of fixed term borrowing, have risen slightly over the past week. Five-year swaps stood at 1.755 on 6 November, up from 1.664 per cent on 28 October. Two-year swaps stood at 0.845 up from 0.805 per cent.
Holding steady: Consumer prices stayed at 2.7 per cent in September despite falls in petrol prices, food and airfares
Forward guidance, inflation and unemployment
The all important numbers for the interest rate outlook show both inflation and unemployment proving sticky.
Higher than expected inflation, at 2.7 per cent, was offset by no drop in unemployment to keep interest rates set reasonably fair for no rise from 0.5 per cent until 2016.
The Bank of England has laid out a plan to keep rates at 0.5 per cent until 2016, unless unemployment falls to 7 per cent, or the inflation outlook spikes.
Money markets have calmed after initially rejecting this forward guidance as unrealistic and now also suggest a first rate rise will not come until early 2016 - slightly earlier than the Bank's forecasts.
The unemployment rate held steady at 7.7 per cent in the three months to the end of August, official figures showed. A potential fly in the ointment for low rates for longer was that despite this, the claimant count – those people claiming jobseeker’s allowance – fell at the sharpest rate since 1997.
The Office of National Statistics showed the fall in the overall unemployment figure was 18,000 in the three months to the end of August, taking the total jobless figure to 2.49million - or 7.7 per cent of the UK's available workforce.
Yet at 41,700 the fall in the claimant count well surpassed expectations for a drop of 25,000 and the number of people in full time jobs also rose 148,000.
Some economists suggest we could therefore see unemployment at 7 per cent by 2015 and a stronger than expected recovery could see rates rise sooner than tipped.
However, the Bank and other analysts argue that Britain has plenty of underused jobs capacity and unemployment may fall more slowly, as firms up the hours of those working part-time and more of those not currently actively looking for work start to do so.
Bolstering that case, the ONS figures also showed that 1.45million people were working part-time because they could not find full-time jobs, the highest figure since records began in 1992.
Inflation stuck at 2.7 per cent in August, higher than expectations of a dip to 2.6 per cent. The ONS said despite the fall in food, petrol and diesel prices other contributing factors to CPI saw little change compared to most months.
Petrol prices have declined further in recent weeks and could have a bigger impact on October's cost of living measure.
But further ahead utility bill rises could have an upward effect, after SSE last week became the first of the Big Six energy firms this year to announce a hike in gas and electricity tariffs. Other major energy firms are tipped to soon follow suit.
Robust growth: Economists described the employment figures as showing economic conditions were continuing to improve
Forward guidance vs inflation
The UK interest rate outlook has undergone a transformation with this initiative from Mark Carney, which was launched alongside his first quarterly inflation report as Bank of England governor.
He has pledged that rates will not go up as long as the unemployment rate remains above 7 per cent. The Bank itself projects a very slow recovery that will not see it fall below 7 per cent much before late 2016.
The move has been broadly welcomed by the markets and economists, although they have indicated the Bank may be overly pessimistic and rates could go up sooner than suggested.
While forward guidance has many supporters, there are fears that the Bank will be painting itself into an even tighter corner by saying when it expects to raise base rate.
It is already hamstrung by the nation's high levels of mortgage debt and the more mortgage lending that is done at low interest rates now, the harder it will be for homeowners to stomach rates returning to anywhere near normal.
Luckily, for those borrowers but unfortunately for savers, economists don't predict a rise anytime soon.
When will rates rise? The benchmark chart from the inflation report shows how money markets expect rates to rise.
QE vs Funding for Lending
Should the economy take another serious turn for the worse, more QE is forecast, but if it continues along the current path the Funding for Lending scheme is tipped to be the most likely stimulus for the near future - allowing banks and building societies to take cheap cash from the Bank and pass it on to mortgage borrowers and businesses.
The jury is still out on whether Funding for Lending is a winner.
It has driven mortgage rates down substantially, albeit with the best benefits delivered to those with big deposits, but banks are still being accused of hoarding cash and shunning small and medium-sized businesses.
Figures are being skewed by mammoths Lloyds Banking Group and Royal Bank of Scotland winding down their historical loan books and Spanish giant Santander easing back on its former mortgage expansion policy.
One group undeniably hit very hard by Funding for Lending has been savers. Returns on savings accounts have dived since its launch in a race to the bottom that has seen big cuts in the best deals on offer.
The best easy access savings rate now stands at just 1.6 per cent, whereas before the launch of Funding for Lending savers could get between 2.5 per cent and 3 per cent.
Mind the gap: How base rate and inflation have moved over the past 24 years - the dramatic slashing of rates since the financial crisis shows how far from normal we are.
Rollercoaster ride: The inflation report chart shows how money market and economists' expectations of when a first rate rise will come have moved.
HOW DO YOU FORECAST FUTURE INTEREST RATE RISES?
We can't - no one can. But we look at overnight swap rates to work out roughly when money markets forecast the Bank Rate will start to rise from the rock-bottom level of 0.5 per cent.
This is very far from a precise business - not only do financial traders make wrong predictions all the time, but swap rates are only a snapshot of their views at a given moment in time.
Money market forecasts often diverge from reality, as well. For instance, swap markets for some time predicted a cut to 0.25 per cent within the next few years, well before a hike to 0.75 per cent is likely to materialise.
However, this was considered most unlikely to happen even though the Bank rate-setters dutifully discussed it every month. Economic experts say that for practical reasons it could curb lending rather than increase it, making it counterproductive as a method of promoting recovery.
The overnight swap rates move substantially. Take a look at the following chart, which appeared in the May Bank of England inflation report and illustrates interest rate projections in May compared with February. There is almost a two year gap between the outlook just a few months apart.
Outlook: The Bank of England's May Quarterly Inflation report mapped out the market's expected path for Bank Rate.
Like the Bank of England, we use the overnight index swaps curve to look at what the money markets are predicting for interest rates, and importantly how this is shifting.
Economists also make predictions of when rates will go up, which are often quite different from those signalled by the money markets.
We frequently quote their views here too if they help shed light on the issue for readers.
You can then consider all the available information and make your own best guess on when interest rates will rise.
Why 'swap rate' money markets matter to savers and borrowers
When markets move a decent amount - and the move holds - it can affect the pricing of some mortgages and savings accounts. When swaps price a rate rise to come sooner, fixed rate savings bonds tend to marginally improve in the weeks that follow. But it also puts pressure on lenders to withdraw the best fixed mortgages.
As for using swaps as a forecast, we've consistently warned on this round-up that they are extremely volatile and should be treated with caution - they should be used more as a guide of swinging sentiment rather than an actual prediction.
Important note: Markets, economists and other experts haven't had a great record of making the right calls in recent years: 2010 predictions 2008 predictions.
This is Money has always advocated caution with any sort of prediction (including our own!). There's no guarantee that those who have made correct calls in the past will make them in the future.
We'd also urge consumers not to gamble with their personal finances when it comes to predicting rate swings.
Rate rise predictions: Money markets and economists
Swap markets reflect the City's bank rate expectations - not in an exact way, but they indicate trends in forecasting.
Some swap rate prices and and charts are displayed below to show how the market moves as economic prospects shift.
One year ago - 2012
• 0.82% - one year
• 0.80% - two years
• 1.07% - five years
• 0.80% - two years
• 1.07% - five years
2 October
• 0.75% - one year
• 0.71% - two years
• 1.00% - five years
• 0.75% - one year
• 0.71% - two years
• 1.00% - five years
21 November
• 0.67% - one year
• 0.70% - two years
• 1.06% - five years
• 0.67% - one year
• 0.70% - two years
• 1.06% - five years
12 December
• 0.65% - one year
• 0.66% - two years
• 1.00% - five years
• 0.65% - one year
• 0.66% - two years
• 1.00% - five years
This year - 2013
16 January 2013• 0.67% - one year• 0.72% - two years• 1.12% - five years
19 February• 0.64% - one year• 0.69% - two years• 1.19% - five years
6 March (after Bank of England raised possibility of negative interest rates)
• 0.57% - one year• 0.59% - two years• 1.05% - five years
• 0.57% - one year• 0.59% - two years• 1.05% - five years
19 March
• 0.57% - one year• 0.61% - two years• 0.97% - five years
• 0.60% - one year• 0.61% - two years• 0.95% - five years
• 0.58% - one year• 0.58% - two years• 0.93% - five years
• 0.57% - one year• 0.58% - two years• 0.92% - five years
• 0.59% - one year• 0.62% - two years• 1.05% - five years
• 0.59% - one year• 0.635% - two years• 1.06% - five years
• 0.625% - one year• 0.735% - two years• 1.28% - five years
• 0.754% - one year• 0.961% - two years• 1.787% - five years
• 0.671 - one year• 0.815% - two years• 1.552% - five years
31 July
• 0.606 - one year• 0.696% - two years• 1.400% - five years
• 0.637 - one year• 0.750% - two years• 1.573% - five years
20 August
• 0.654% - one year• 0.819% - two years• 1.751% - five years
29 August
• 0.647% - one year• 0.824% - two years• 1.716% - five years
5 September
• 0.682% - one year• 0.954% - two years• 2.00% - five years
10 September
• 0.679% - one year• 0.932% - two years• 1.98% - five years
30 September
• 0.649% - one year• 0.835% - two years• 1.732% - five years
16 October
• 0.615% - one year• 0.810% - two years• 1.83% - five years
28 October
• 0.640% - one year• 0.805% - two years• 1.664% - five years
6 November
• 0.590% - one year• 0.845% - two years• 1.755% - five years
One-year swap rates (which influence one-year fixed-rate bonds)
Since January 2011
Five-year swaps (influences 5-yr savings bonds and fixed mortgages)
Since January 2010
Since January 2010
Beware false dawns
In early 2010, markets prematurely began pricing in a greater chance of rate rises because of rising UK inflation. They did the same again in early 2011. But as we've repeatedly argued on this round-up, deflation rather than inflation has remained the greater long-term threat. Treat claims of rapidly rising rates with caution!
What decides rates?
The BoE's Monetary Policy Committee meets once a month and sets the bank rate. Its government-set task is to keep inflation below 2% (and above 1%), looking two years ahead. So if inflation looks likely to pick up, it raises rates.
Viewpoint: Why rates WILL rise
The 'inflation nutters' (in the words of former BoE MPC member Adam Posen) fear that measures aimed at reviving the economy - rate cuts and masses of quantitative easing - have unleashed forces that will create rampant price rises and that rate rises will be needed to prevent hyperinflation taking hold. They also fear rising demand from emerging market economies will push up prices.
When inflation was worryingly high in 2011, these views gained traction.
One popular theory is that Western governments want to create inflation to try and erode their record debts, created in part by bailing out banks. Billionaire Warren Buffett (right) warned about this in August 2009 well ahead of the pack (as usual).
One controversial economist warned inflation would force the MPC into a series of rate rises, taking the bank rate to 8% by 2012.
Weak sterling in 2010 and 2011 also added inflationary pressure: falls in the pound make it more expensive for Britons to buy foreign goods, effectively importing inflation. [ what next for the pound?] And we're also importing inflation from booming China.
Others point out that rapid rate rises are rarely expected. Insurance service RateGuard points out periods of quick-fire increases in the chart below.
This round-up was created in 2007 by Andrew Oxlade and downloaded more than 13 million times. His involvement ceased in December 2012 and it is now updated by the ThisisMoney team.
Bank of England
Read more: http://www.dailymail.co.uk/money/news/article-1607881/When-UK-rates-rise.html#ixzz2k7eIevtE
#FOREX Fundamental focus - GLOBAL MARKETS-U.S. jobs growth boosts Wall Street stocks, dollar
GLOBAL MARKETS-U.S. jobs growth boosts Wall Street stocks, dollar
Most economists expected businesses to be cautious during the shutdown than they were, he said. "Clearly what transpired were businesses viewed the shutdown as a temporary phenomenon and that the economy was still growing and would continue to grow going forward," he said.
The Dow Jones industrial average was up 101.81 points, or 0.65 percent, at 15,695.79. The Standard & Poor's 500 Index was up 16.47 points, or 0.94 percent, at 1,763.62. The Nasdaq Composite Index was up 50.01 points, or 1.30 percent, at 3,907.34.
U.S. Treasury prices fell on the prospect of Fed tapering, while German Bunds hit two-week lows after the surprisingly strong U.S. jobs gains.
The benchmark 10-year U.S. Treasury note was down 35/32 in price to yield 2.7402 percent. The 30-year U.S. Treasury bond was down 72/32, the yield at 3.840 percent.
The rally on Wall Street helped a measure of global equity markets rebound. MSCI's all-country world index rose 0.12 percent.
But European shares edged lower, with France underperforming after a rating downgrade by Standard & Poor's, which cut the French sovereign rating by one notch.
Still, many investors see increasing signs of a global recovery that will support equities in the longer term.
"We believe 2014 will see an increase in profitability across the region and this should translate into positive performance for European equity investors," said Andrew Arbuthnott, head of large-cap European equities at Pioneer Investments.
The pan-regional FTSEurofirst 300 index of leading European shares fell 0.14 percent to close at 1,295.17.
The Labor Department also revised upward by 60,000 its previous payroll reports for September and August in a report that pointed to a more robust economy going forward.
The dollar rose broadly, reversing a recent trend in which it has fallen on speculation the Fed would not start reducing its $85 billion a month in bond purchases until next year.
A Fed cutback at a time when the European Central Bank and Bank of Japan are in easing mode would boost the dollar's appeal.
The dollar index, which tracks the greenback versus a basket of six currencies, rose 0.42 percent to 81.261.
The euro fell 0.48 percent to $1.3354, having earlier hit a session low of $1.3319, according to Reuters data.
Against the yen, the dollar gained 1.08 percent to 99.14.
Bund futures dropped nearly a percentage point to 140.87 at one point, their lowest since Oct. 25. Bunds settled 81 ticks lower at 141.02.
German 10-year yields rose 7 basis points to 1.76 percent .
Brent oil bounced off a four-month low to trade higher on the U.S. jobs data, while traders kept close watch over a meeting between Western powers and Iran on its nuclear program.
Brent rose $1.66 to settle at $105.12 a barrel. U.S. oil settled up 40 cents at $94.60 a barrel.
U.S. gold futures for December delivery settled down $23.90 at $1,284.60 an ounce.
By Herbert Lash
NEW YORK, Nov 8 (Reuters) - An unexpected surge in U.S. jobs growth in October drove Wall Street stocks higher on Friday and in turn boosted the dollar and bond yields by raising expectations the Federal Reserve could scale back its economic stimulus as soon as December.
The jump in new jobs - the Labor Department said employers added 204,000 new jobs last month, well above forecasts of 125,000 - suggested the economy is on strong enough footing for the Fed finally to begin trimming its bond purchases.
The price on 30-year U.S. government debt fell as much as two full points to yield 3.85 percent.
"The first part of the equation for the Fed to taper is data showing the economy is getting better," said Eric Kuby, chief investment officer at North Star Investment ManagementCorp in Chicago.
"If companies are doing well and business is good, you don't need to have zero percent short-term money in order for the stock market to do well," he said.
While the unemployment rate ticked up one-tenth of a percentage point to 7.3 percent, the government report said there was no "discernible" impact on payrolls from the 16-day federal government shutdown last month.
The jobs data and a separate report showing personal income grew 0.5 percent in September should please retailers as it boosts the sales outlook for the holiday season, said Russell Price, senior economist at Ameriprise Financial Services Inc in Troy, Michigan.
The jump in new jobs - the Labor Department said employers added 204,000 new jobs last month, well above forecasts of 125,000 - suggested the economy is on strong enough footing for the Fed finally to begin trimming its bond purchases.
The price on 30-year U.S. government debt fell as much as two full points to yield 3.85 percent.
"The first part of the equation for the Fed to taper is data showing the economy is getting better," said Eric Kuby, chief investment officer at North Star Investment ManagementCorp in Chicago.
"If companies are doing well and business is good, you don't need to have zero percent short-term money in order for the stock market to do well," he said.
While the unemployment rate ticked up one-tenth of a percentage point to 7.3 percent, the government report said there was no "discernible" impact on payrolls from the 16-day federal government shutdown last month.
The jobs data and a separate report showing personal income grew 0.5 percent in September should please retailers as it boosts the sales outlook for the holiday season, said Russell Price, senior economist at Ameriprise Financial Services Inc in Troy, Michigan.
Most economists expected businesses to be cautious during the shutdown than they were, he said. "Clearly what transpired were businesses viewed the shutdown as a temporary phenomenon and that the economy was still growing and would continue to grow going forward," he said.
The Dow Jones industrial average was up 101.81 points, or 0.65 percent, at 15,695.79. The Standard & Poor's 500 Index was up 16.47 points, or 0.94 percent, at 1,763.62. The Nasdaq Composite Index was up 50.01 points, or 1.30 percent, at 3,907.34.
U.S. Treasury prices fell on the prospect of Fed tapering, while German Bunds hit two-week lows after the surprisingly strong U.S. jobs gains.
The benchmark 10-year U.S. Treasury note was down 35/32 in price to yield 2.7402 percent. The 30-year U.S. Treasury bond was down 72/32, the yield at 3.840 percent.
The rally on Wall Street helped a measure of global equity markets rebound. MSCI's all-country world index rose 0.12 percent.
But European shares edged lower, with France underperforming after a rating downgrade by Standard & Poor's, which cut the French sovereign rating by one notch.
Still, many investors see increasing signs of a global recovery that will support equities in the longer term.
"We believe 2014 will see an increase in profitability across the region and this should translate into positive performance for European equity investors," said Andrew Arbuthnott, head of large-cap European equities at Pioneer Investments.
The pan-regional FTSEurofirst 300 index of leading European shares fell 0.14 percent to close at 1,295.17.
The Labor Department also revised upward by 60,000 its previous payroll reports for September and August in a report that pointed to a more robust economy going forward.
The dollar rose broadly, reversing a recent trend in which it has fallen on speculation the Fed would not start reducing its $85 billion a month in bond purchases until next year.
A Fed cutback at a time when the European Central Bank and Bank of Japan are in easing mode would boost the dollar's appeal.
The dollar index, which tracks the greenback versus a basket of six currencies, rose 0.42 percent to 81.261.
The euro fell 0.48 percent to $1.3354, having earlier hit a session low of $1.3319, according to Reuters data.
Against the yen, the dollar gained 1.08 percent to 99.14.
Bund futures dropped nearly a percentage point to 140.87 at one point, their lowest since Oct. 25. Bunds settled 81 ticks lower at 141.02.
German 10-year yields rose 7 basis points to 1.76 percent .
Brent oil bounced off a four-month low to trade higher on the U.S. jobs data, while traders kept close watch over a meeting between Western powers and Iran on its nuclear program.
Brent rose $1.66 to settle at $105.12 a barrel. U.S. oil settled up 40 cents at $94.60 a barrel.
U.S. gold futures for December delivery settled down $23.90 at $1,284.60 an ounce.
#FOREX fundamental focus - European shares fall after France credit downgrade
European shares fall after France credit downgrade
PARIS
Nov 8 (Reuters) - European stocks dropped in early trade on Friday, slipping from five-year highs hit in the previous session, as S&P's downgrade of France revived concerns over the health of the euro zone.
At 0805 GMT, the FTSEurofirst 300 index of top European shares was down 0.4 percent at 1,291.25 points, with France's CAC 40 falling 0.6 percent.
S&P lowered its long-term sovereign credit ratings on France by one notch to 'AA' from 'AA+'. It said high unemployment is weakening support for further significant fiscal and structural policy measures and that recent economic reforms will not substantially raise the country's growth prospects.
"S&P's decision reflects the worries over French growth, and the sentiment that government action is not enough," said Philippe Waechter, head of economic research at Natixis Asset Management in Paris.
"The French government sees the crisis as cyclical while S&P thinks the problems faced by the country are structural, and the credit agency sees the measures taken so far as insufficient."
French banking stocks featured among the biggest losers, with Societe Generale down 1.3 percent and Natixis down 1.2 percent.
Friday, November 8, 2013
#GBPUSD #FOREX review for #NONFARMPAYROLL
There he goes, its on target again.
if you can see the compared image, we can see the target on above is on the second wave where i marked, that is the target for the typical of correction pattern and move below to another 2nd wave.
The forecast of NFP and Jobless must be not confirm with this pattern, because the target is hopping for another top. But we still optimistic that GBPUSD bearish as pattern, and the fact of data release confirm.
| click for bigger image |
| click for bigger image |
If you found of any my technical analysis usefull, please do not hesitate to fill the comment.
Thursday, November 7, 2013
Friday, November 1, 2013
#GBPUSD ONTARGET H4 011113 #FOREX update
There GBPUSD goes, needs 2 days on target. After Fed Interest Rate Decision gbpusd built ranging back to the top on 2nd wave and slowly shoot on target where gbpusd should be.
But what is the next target?
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