₦airaland Forum

WINNINGWAYZ: Welcome bro. Hope to hear ur feedback from my pivot observation.
Market fine well well

i will ASAP,

not been constant this days

Forex Market Review And Upcoming Forex Calendar (May 28 ~ June 1, 2012)


Forex Market Review And Upcoming Forex Calendar (May 28 ~ June 1, 2012) news may28 Turbulence in Europe exacerbated this week as the two summit meetings (G8 and informal EU Summit in Brussels) failed to reassure the market. Traders responded by taking it out on the combined currency as first time in almost two years. Oddly enough, divergence in the Equity market begin to take form as major indices in both Europe and U.S. ended the week positively, although the strength in safe-haven currencies, particularly the USD, added pressure to commodities as precious metals and crude oil remained subdued; of course, concerns in China cooling its demand for hard commodities didn’t help either.

In Greece, recent polls suggested the majority of Greeks want to “remain in the euro zone” but “renounce” the terms of the bailout agreement, leading them to support the anti-bailout Greek party Syriza which is polling as high as 30%. Syriza Party Leader Tsipras once again shocked the market by commenting this week that “Potential for Greece exit from the EMU would destroy the EMU” and “Chancellor Merkel should realize she is an equal partner in the EMU and there are no ‘landlords or tenants’ in the EMU“… Former Greek PM Papademos coined the word “GREXIT” describing the inevitability of Greece exiting the EMU given the increasingly apparent political stalemate surrounding austerity rejections… Most analysts are currently forecasting “GREXIT” in 6 to 18 months.

In Spain, the government is struggling to deal with its regional governments’ deficits and its problematic banking system. The estimated price tag for the Bankia bailout rose from around €4.5B at the start of week to an astounding €19B on Friday. Market perception worsened for Spain and the Euro as new reports out of the wealthiest region in Spain, Catalonia, requesting a government bailout. Catalonia accounts for about 20% of Spanish economy.

In Europe, the preliminary European May PMI data indicated further contraction is underway on the continent, as the Manufacturing PMI reading came in at 45.0 v 46.0e, one of the lowest readings since June 2009, and Services PMI at 46.5 v 46.7e. In Germany, Manufacturing PMI came in at 45.0 v 47.0e, lower than the European average and one of the sharpest monthly drop since June of 2009, while Services PMI came in at 52.2 v 52.0e (slightly better).

In UK, the sentiment of doom and gloom settled in as the Revised Quarterly GDP for the first quarter of 2012 (Q1 2012) came in worse than expected at -0.3%, and the April Retail Sales figure came in at -2.3% v -0.8%, which is one of the worst release since 1997. Meanwhile, Bank of England released its Meeting Minutes and showed that the majority of its voting members felt that BOE’s monetary policy is “finely balanced”, which reminds me of the band playing while the Titanic sunk… BOE is out of touch with reality and the worst thing is that BOE has a track of record of being out of touch… I’d expect further pressure on the GBP as the credibility of BOE come into question.

In Japan, Fitch cut its sovereign credit rating by two notches to A+ (from AA) citing BOJ’s “leisure approach” to its consolidation plans compared to other fiscally challenged high income countries, and that its implementation is subject to political risk. BOE’s Posen chimed in by stating that “there is room left for BOJ to further ease monetary policy, there is no point for the BOJ to maintain self-imposed limits on JGB bond buying…”. On Wednesday, BOJ’s Shirakawa responded during his Interest Rate Press Conference and said “the central bank had no change to its stance of pursuing powerful easing. He added that he saw big demerits to further rate cuts including cutting the 0.5% interest paid to excess reserves and needed to measure effects of easing by interest rates and not by size of monetary base. He did not see immediate risk of BOJ failing to meet asset purchase target. The tail risk regarding European debt woes was at forefront in his opinion”, essentially pointing the finger at Europe for recent JPY strengths and told Fitch and the market to stay out of BOJ’s business, but not in these exact words.

In China, government researcher warned that China’s 2012 GDP growth could dip below 7% and that China needs to adjust its rate policy early. Similar reports last week from China government economists Zhu Baoliang also calls for possible rate cut as early as Q2 of 2012, although his view on the GDP remains the same as the official government estimate at 7.5%. In other news out of China, evidence emerged of cooling China demand for hard commodities, as Financial Times noted local buyers were deferring on delivery or defaulting altogether on shipments of coal and iron.

In U.S., the US April Existing Home Sales number rose for the first time in three months, matching the high seen in the January data. The New Home Sales beat forecast 3 out of last four releases, posting a new high for the year while the University of Michigan consumer sentiment reading came in at the highest level in over four years. Market continued to flow into the safety and the positive fundamental outlook of the USD.

In conclusion, EUR and GBP are expected to be sold off this week, although we may see some limited consolidation like the beginning of last week’s trading, but the overall negative fundamental outlook and the risk of a “GREXIT” remains unchanged; I’d sell EURUSD and GBPUSD on any significant consolidation or rallies. JPY is likely to remain neutral against USD while strong against other majors, I’d only SELL JPY against USD and perhaps sit on the sidelines for JPY crosses as BOJ may step up its rhetoric and keep JPY strength in check. AUD and NZD should remain under pressure, although if China decides to cut interest rate this week, we should refrain from buying, but rather positioning sell trades towards the end of the day as the overall risk aversion momentum should drive the pairs back down… this should be a no-brainer for fundamental traders as the overall market climate remains unchanged. USDCAD is facing a strong support between 1.0300 ~ 1.0400 level, and I believe we may very well see a possible reversal of the pair… of course, if EURUSD falls beyond the 1.2500 level, the sheer strength of a strong across the board USD will probably blow USDCAD through the 1.0400, but if EURUSD were to remain at the current trading range, then we could look to position USDCAD SELL trades. USD is expected to remain strong this week, but of course the focus will be on the NFP release on Friday. Since we won’t have ISM PMI’s to possibly predict NFP release figure, this week’s ADP report on Thursday may play a major role.


The main event for the week is the NFP (Nonfarm Payroll), and
with the current political climate in Europe, I'd believe
that USD may actually get a boost coming into the news, of
course the key to NFP will be on the ADP report on Thursday...


Thanks,

;DHOW MARKET FOLKS

really missed, already page 5 wow!!!!!

i can see newbies all around the forum , but i just want u to know that forex is not a get rich quick syndrome .

when i started this business, it was hell but i refused to give up .funny enough, the dude that exposed me to it no longer trade the forex again.

forex trading is not for everybody, but it could be for you.

but thank God for where i am today, just persistent hard work kept me going

the two enemies that can make you unsuccessful in this business are fear and greed (FG).take them away and the sky will be your starting point.

look or design a system that work for you and stick to it that all . coz is all about make pips, keep pips and repeat pips.

fasten your belt and put God first coz without him we can do nothing.

always remember that THE TREND IS YOUR FRIEND AND THE MARKET CAN NEVER BE WRONG.

selling all my properties in lagos before the year runs out, and going back to heartland to stay and invest there

SuyaEater: fashola

fashi am comot and pass me my gulder

rochas remains the very best

preciousoz: Adams Oshiomhole of Edo State.

Fastest developing State ? Hmmmmm..... Edo

funny

e get as e dey do me uj just spoiled my account

thank God for eu, dax and dow

how market folks

so happy to be part of the family, one love

we shall get there..............

silibaba: our father
who art in heaven
how great is your name
thy kingdom come
may your will be done on us
as it is in heaven
give us this day
our daily GREEN PIPS

how market folks

i can see it coming

honeric01: market still has some room to the downside, but retracement could come from 1.2480-1.2530 area

which currency pair?

GOLD is whispering in my ears:i will be bearish for the whole of the day

our father
who art in heaven
how great is your name
thy kingdom come
may your will be done on us
as it is in heaven
give us this day
our daily GREEN PIPS

how market folks

sorry bro didnt see urs

[img]PRE EUROPEAN OPEN, Daily Technical Analysis, 24 May 2012
EUR/USD GBP/USD USD/JPY AUD/USD Gold Crude Oil
Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.
EUR/USD intraday: the downside prevails.
Pivot: 1.2645.

Most Likely Scenario: SHORT positions below 1.2645 with 1.2545 & 1.25 as next targets.

Alternative scenario: The upside breakout of 1.2645 will open the way to 1.2685 & 1.2735.

Comment: The pair stands below its resistance and remains on the downside.

Next »
GBP/USD intraday: the downside prevails.
Pivot: 1.5740.

Most Likely Scenario: SHORT positions below 1.574 with 1.565 & 1.5625 in sight.

Alternative scenario: The upside penetration of 1.574 will call for a rebound towards 1.5785 & 1.582.

Comment: The pair remains on the downside and is challenging its support.

« Previous | Next »
USD/JPY intraday: under pressure.
Pivot: 79.65.

Most Likely Scenario: SHORT positions below 79.65 with targets @ 79.2 & 78.95.

Alternative scenario: The upside penetration of 79.65 will call for 79.85 & 80.15.

Comment: The pair is rebounding but stands below its resistance.

« Previous | Next »
AUD/USD intraday: key ST resistance at 0.979.
Pivot: 0.979

Most Likely Scenario: Short positions below 0.979 with targets @ 0.9685 & 0.9665 in extension.

Alternative scenario: Above 0.979 look for further upside with 0.986 & 0.9935 as targets.

Comment: The pair stands below its resistance and remains under pressure.

« Previous | Next »
GOLD (Spot) intraday: further advance.
Pivot: 1533.00

Most Likely Scenario: LONG positions above 1533 with 1573 & 1585 as next targets.

Alternative scenario: The downside penetration of 1533 will call for 1527 & 1505.

Comment: A V-bottom has shaped and calls for a recovery.

« Previous | Next »
Crude Oil (Jul 12) intraday: the downside prevails.
Pivot: 90.80

Most Likely Scenario: SHORT positions below 90.8 with 89.3 & 88.9 in sight.

Alternative scenario: The upside breakout of 90.8 will open the way to 91.4 & 91.75.

Comment: As long as 90.8 is resistance, likely decline to 89.3.

« Previous | BACK TO TOP »
Disclaimer

Copyright
The information contained in this publication is produced by TRADING Central and not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects TRADING Central current judgment and may change without notice.

TRADING Central is not registered in France as an Investment Services Provider but complies with the following rules and directives, including:
- General Regulation Handbook of the AMF, Book III, Title III, Chapter VII "Investment Analysts Not Associated with an Investment Services Provider"
- EU Commission Directive 2006/73 dated 10 August 2006, Articles 24 and 25
- EU Commission Directive 2004/39 dated 21 April 2004
- EU Commission Directive 2003/125 dated 22 December 2003


Legal: FxPro Financial Services Ltd is authorised and regulated by CySEC (licence no. 078/07)

Email: info@FxPro.com Web: www.FxPro.com
Address: Karyatidon 1, Ypsonas 4180, Cyprus
24/5 International Customer Support Tel: +357 25 969 222 Fax: +357 25 969 233

Disclaimer: This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Past performance is not a guarantee of or prediction of future performance. FxPro does not take into account your personal investment objectives or financial situation. FxPro makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by an employee of FxPro, a third party or otherwise. This material has not been prepared in accordance with legal requirements promoting the independence of investment research and it is not subject to any prohibition on dealing ahead of the dissemination of investment research. All expressions of opinion are subject to change without notice. Any opinions made may be personal to the author and may not reflect the opinions of FxPro. This communication must not be reproduced or further distributed without prior permission of FxPro.

Risk Warning: CFDs, which are leveraged products, incur a high level of risk and can result in the loss of all your invested capital. Therefore, CFDs may not be suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved and take into account your level of experience. Seek independent advice if necessary.
To unsubscribe from future messages please Click Here.
[/img]

PRE EUROPEAN OPEN, Daily Technical Analysis, 24 May 2012
EUR/USD GBP/USD USD/JPY AUD/USD Gold Crude Oil
Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.
EUR/USD intraday: the downside prevails.
Pivot: 1.2645.

Most Likely Scenario: SHORT positions below 1.2645 with 1.2545 & 1.25 as next targets.

Alternative scenario: The upside breakout of 1.2645 will open the way to 1.2685 & 1.2735.

Comment: The pair stands below its resistance and remains on the downside.

Next »
GBP/USD intraday: the downside prevails.
Pivot: 1.5740.

Most Likely Scenario: SHORT positions below 1.574 with 1.565 & 1.5625 in sight.

Alternative scenario: The upside penetration of 1.574 will call for a rebound towards 1.5785 & 1.582.

Comment: The pair remains on the downside and is challenging its support.

« Previous | Next »
USD/JPY intraday: under pressure.
Pivot: 79.65.

Most Likely Scenario: SHORT positions below 79.65 with targets @ 79.2 & 78.95.

Alternative scenario: The upside penetration of 79.65 will call for 79.85 & 80.15.

Comment: The pair is rebounding but stands below its resistance.

« Previous | Next »
AUD/USD intraday: key ST resistance at 0.979.
Pivot: 0.979

Most Likely Scenario: Short positions below 0.979 with targets @ 0.9685 & 0.9665 in extension.

Alternative scenario: Above 0.979 look for further upside with 0.986 & 0.9935 as targets.

Comment: The pair stands below its resistance and remains under pressure.

« Previous | Next »
GOLD (Spot) intraday: further advance.
Pivot: 1533.00

Most Likely Scenario: LONG positions above 1533 with 1573 & 1585 as next targets.

Alternative scenario: The downside penetration of 1533 will call for 1527 & 1505.

Comment: A V-bottom has shaped and calls for a recovery.

« Previous | Next »
Crude Oil (Jul 12) intraday: the downside prevails.
Pivot: 90.80

Most Likely Scenario: SHORT positions below 90.8 with 89.3 & 88.9 in sight.

Alternative scenario: The upside breakout of 90.8 will open the way to 91.4 & 91.75.

Comment: As long as 90.8 is resistance, likely decline to 89.3.

« Previous | BACK TO TOP »
Disclaimer

Copyright
The information contained in this publication is produced by TRADING Central and not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects TRADING Central current judgment and may change without notice.

TRADING Central is not registered in France as an Investment Services Provider but complies with the following rules and directives, including:
- General Regulation Handbook of the AMF, Book III, Title III, Chapter VII "Investment Analysts Not Associated with an Investment Services Provider"
- EU Commission Directive 2006/73 dated 10 August 2006, Articles 24 and 25
- EU Commission Directive 2004/39 dated 21 April 2004
- EU Commission Directive 2003/125 dated 22 December 2003


Legal: FxPro Financial Services Ltd is authorised and regulated by CySEC (licence no. 078/07)

Email: info@FxPro.com Web: www.FxPro.com
Address: Karyatidon 1, Ypsonas 4180, Cyprus
24/5 International Customer Support Tel: +357 25 969 222 Fax: +357 25 969 233

Disclaimer: This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Past performance is not a guarantee of or prediction of future performance. FxPro does not take into account your personal investment objectives or financial situation. FxPro makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by an employee of FxPro, a third party or otherwise. This material has not been prepared in accordance with legal requirements promoting the independence of investment research and it is not subject to any prohibition on dealing ahead of the dissemination of investment research. All expressions of opinion are subject to change without notice. Any opinions made may be personal to the author and may not reflect the opinions of FxPro. This communication must not be reproduced or further distributed without prior permission of FxPro.

Risk Warning: CFDs, which are leveraged products, incur a high level of risk and can result in the loss of all your invested capital. Therefore, CFDs may not be suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved and take into account your level of experience. Seek independent advice if necessary.
To unsubscribe from future messages please Click Here.

nolly042: my brother i ask again where do u get ur infos from. me need the link

i got it from my chart, that all

i will sell-off uj massively at daily candle close

naijababe: I hope this call does not apply to dax, dow and gold. Until a decisive close below 1520 is seen on gold on the daily, i no dey follow anybody short. Dow might just head to 126xx b4 going south and that's if it goes south at all

i mean eu, gu au uj.

i cant say for gold coz is trying to form a hammer on the daily so i may consider long on gold

Here are some of the important headlines that may help with
your upcoming trading decisions today... Also we have one
important release out of UK tomorrow, which may further
weaken the Sterling or provide a bit of support pending on
the release:

4:30am UK Revised GDP


[BREAKING NEWS]

(UK) Bank of England (BOE) releases Monetary Policy Committee
Minutes show no change in the voting status from March. The
interest rate vote was again unanimous and the Asset Purchase
Target vote remained at 8 top 1. MPC member Miles again voted
for £25B in more QE. The minutes showed the decision not to
expand QE was "finely balanced" for several members. Majority
saw no necessity for more QE at this point and no evidence
that impact of QE would be different this time around.MPC to
monitor outlook each month, more stimulus could be added if
outlook warranted it.

How to interpret this?

While BOE members are feeling that the current monetary
policy is "finely balanced", the economy has fallen back into
recession, and to add insults to injury, the April Retail
Sales came at -2.3%, the worst reading we've ever seen in
the last 5 or more years (my calendar only goes back to
1997). Although there are lots of expectations riding on
the Olympic Games to bail out UK economy, fundamentals
remain unchanged with the central bank unwilling to consider
more aggressive measures. My view: SELL GBP on rally.

(GR) Former Greek PM Papademos indicated there is a real
risk Greece would exit the euro given the increasingly
apparent political stalemate surrounding austerity
rejection. Papademos did suggest that the pain of the
"grexit" would be worse than heeding lender demands and
subsequently clarified his position that no preparations for
an exit were taking place, but the damage had been done...

(EU) Renewed reports circulated ECB was setting up team to
deal with possibly worsening of Greek crisis.

How to interpret these headlines?

As we can clearly see, concerns over the EU collapse from
Greece exiting the EMU have once again risen as the primary
driver of Euro sell-offs today. With market flows to the
safe-haven currencies and the increased volatility in
European currencies, I believe EURUSD is now set to the
1.2000 level, especially if these kind of sentiments were to
continue.

Therefore, I'd suggest to SELL EURUSD on any significant
rallies like we saw this week. (1.2800 level).


Thanks,

unclenna: by that time yesterday when i made that call most people thought i was wrong. Thank GOD it paid off. Btw 10pm - 11pm tonight i will release another alert. From what my chart is showing me gu will crash and eu will follow. @nolly042, t.j., and others i dey great oh. May +ve pip be with u all.

well sighted oga sir, u dey see wella. i pity those wey dey buy when everytin still look bearish

naijababe: don't know about currencies but I beg to differ on indices and gold. Good ol' support and resistance holding sway. Missed the entry on gold, thanks to my bloody boss but got the perfect entry on Dow

babe, long time, greetings to you and may green pips be fruitful like a leave of a fruited pumpkin

sell continues at daily candle close

how market folks

pls house, those anyone know how to be a member of tradethenews

i will sell uj at candle close today, stay tunned

how market

yessssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssss

i have regain all my loss on uj and on serious profit now and still counting

i said it that gu, gold will fall

thank you Jesus.

will sell gold again

this is where i said it for gold

stoploss hit on uj, ok now

looking for a good position to sell GU

odiaero: Why u dey vex? lwkmd. Are we there there yet we? lol odiaero don go gaga 4 trademark speech

@bolded, i missed all the show ysterday. we must surely get there sooner than later

how market