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What Will Be The Next Forecast?

  • Post #1
  • Quote
  • First Post: Jul 8, 2007 11:04am Jul 8, 2007 11:04am
I have observed and seen this is the best place where we can easily find quality information. Now, let's see what will be the best forecast for this coming week. Last week, to some is a fortune time and to some is unfortunately event. What it is going to be for EUR/USD, uptrend or down trend? Some says the fundamental shows downtrend and the trend went opposite direction. Let's discuss our point of view here
Quoting FF001
I have observed and seen this is the best place where we can easily find quality information. Now, let's see what will be the best forecast for this coming week. Last week, to some is a fortune time and to some is unfortunately event. What it is going to be for EUR/USD, uptrend or down trend? Some says the fundamental shows downtrend and the trend went opposite direction. Let's discuss our point of view here
I have been long for quite some time now. Until I see some weakness, I will stay long. There has not been enough fundamental change to justify a trend change at this point, especially a trend this strong
Quoting superdezign
I have been long for quite some time now. Until I see some weakness, I will stay long. There has not been enough fundamental change to justify a trend change at this point, especially a trend this strong

Another point : Why is there a fundamental shows the trend will move downwards. Out of a sudden why it moves up? The question is what happened to forex EU?
Quoting FF001
Another point : Why is there a fundamental shows the trend will move downwards. Out of a sudden why it moves up? The question is what happened to forex EU?
Fundamentals show us to short because of the NFP: revision 190k while there was 152k(I'm not quite sure of the last number ) and the forecast for last month was 125k while the real number is 132k. To sum up, 45k new jobs have been created more than expected.

And the answer to the other two questions is simple: it wouldn't be Forex
Quoting Mindaugas
Fundamentals show us to short because of the NFP: revision 190k while there was 152k(I'm not quite sure of the last number ) and the forecast for last month was 125k while the real number is 132k. To sum up, 45k new jobs have been created more than expected.

And the answer to the other two questions is simple: it wouldn't be Forex
Eur/USD has been in a clear uptrend starting in late 2000 with a fairly deep retracement in the year 2005. Late 2005 we continued with the uptrend. We are hitting the high of 2005 for the 2nd time this year, looking to break it & continuing the up-trend. After the news release price spiked up (not down). New information is usually included in the price within 30mins.
I guess what I'm trying to say is... no way will 45k new US jobs get the EURUSD out of its uptrending bias.

I'll be looking for long opportunity's; a decent break of the 1.3700 level will likely get me into a long position. I will not be looking for any short-entry on this pair.
Quoting FrankS
Eur/USD has been in a clear uptrend starting in late 2000 with a fairly deep retracement in the year 2005. Late 2005 we continued with the uptrend. We are hitting the high of 2005 for the 2nd time this year, looking to break it & continuing the up-trend. After the news release price spiked up (not down). New information is usually included in the price within 30mins.
I guess what I'm trying to say is... no way will 45k new US jobs get the EURUSD out of its uptrending bias.

I'll be looking for long opportunity's; a decent break of the 1.3700 level will likely get me into a long position. I will not be looking for any short-entry on this pair.
Yap, I absolutely agree with you. But as we prefer different types of trading, positive news + 45k unexpected new job vacancies can move the graphic and make me some pips I think you understand what I mean.
ST, who knows, long term - the NFP and ADP continue to show job growth in the service sector rather than mfg and other export related areas. To me this means more consumers - particularly of low end products, since the jobs tend to the McJob sector - and less producers. Together, no improvement of the current account, bad news for the $.
I think most people are chicken to make forecasts in a public forum for fear of embarassment and humiliation if they are wrong lol. I've been wrong so many times I'm used to it so here goes my prognosis . I'll be looking at the daily EURUSD Relative Strength indicator to weaken for most of July. This doesn't necessarily mean the EURUSD itself will go down but it may have a harder time going up if this actually happens.

Jokey
I prefer make my own forecats. I think we will see 1.40 in nearest months.
AUD/JPY looks like it will go down alot very soon from around here
Screen was upside down?
  • Post #12
  • Quote
  • Last Post: Jul 12, 2007 8:15am Jul 12, 2007 8:15am
Quoting johs
AUD/JPY looks like it will go down alot very soon from around here

i believe AUD/JPY will rise, nearest aim is a 117 mark
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