GAINSY Hottest Forecasts

More of the Same from Carney at the BOE

The Governor-elect of the Bank of England Mark Carney has been testifying to the UK Treasury Select Committee this morning and so far his testimony suggests he will be a pragmatic Governor, who won't adopt radical changes at the Bank, but will implement subtle changes that could impact how policy...

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Can Draghi Bust The EUR Out Of Its Range?

The single currency starts the day with a bounce in its stride, trading higher against the mighty dollar. More importantly, Euro bonds yields are somewhat steady ahead of the European Bank's rate decision and Draghi's highly anticipated press conference. No changes are expected following the ECB Bank's monetary policy meeting this...

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U.S. Initial Claims Slipped in the Week Ending February 2

US initial claims slipped by 5,000 to 366,000 in the bank week ending February 2, 2013 from an upwardly revised 371,000 (was 368,000) level the previous bank week. The level of claims in the latest bank week was slightly above market expectations for a 360,000 reading....

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ECB Masters Verbal Intervention

So far, the ECB has had great success with intervening verbally. It is watching developments and signalling a willingness to act if necessary to keep the accommodation it wants to achieve. Today, this was enough to cool the market down and send yields at the short end lower and weaken...

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Daily Statement: Euro Topped in Short Term, Aussie Lower on RBA

Euro remains soft in Asian session today, still feeling the weighed from Draghi's dovish press conference. The fracture of 1.34 in EUR/USD signals short term topping while EUR/JPY looks likely to have a deeper pullback. Nonetheless, the current development doesn't warrant a change in trend yet and we'd tend to...

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Elliott Wave Forecast: AUD/USD – Buy at 1.0285

AUD/USD – 1.0321

Recent wave: Wave 4 ended at 0.8066 and wave 5 has possibly ended at 1.1081

Trend: Up

Original strategy :
Sell at 1.0400, Target: 1.0250, Stop: 1.0460

Target: -
New strategy : ... Are you interested? READ MORE

Elliott Wave Forecast: EUR/JPY – Exit long entered at 124.10

EUR/JPY – 124.35

Recent wave: wave v of (C) ended at 94.12 and major correction in wave A is unfolding for gain to 130.00

Trend: Up

Original strategy :
Bought at 124.10, Target: 127.50, Stop: 123.50

Long at 124.10
Target: - 127.50
123.50

New strategy : ... Are you interested? READ MORE

Forex Signal: EUR/USD – Sell at 1.3495

EUR/USD – 1.3389

Most recent candlesticks pattern : N/A

Trend : Near term down

Tenkan-Sen level :1.3399
Kijun-Sen level :1.3475
Ichimoku cloud top :1.3528
Ichimoku cloud bottom :1.3528

Original strategy :
Sell at 1.3495, Target: 1.3380, Stop: 1.3530

Target: -
New strategy : ... Are you interested? READ MORE

Forex Signal: GBP/USD – Stand aside

GBP/USD - 1.5722

Most recent candlesticks pattern : N/A

Trend : Near term down

Tenkan-Sen level : 1.5721
Kijun-Sen level :1.5712
Ichimoku cloud top :1.5718
Ichimoku cloud bottom :1.5657

New strategy : ... Are you interested? READ MORE

Forex Signal: USD/CHF – Buy at 0.9140

USD/CHF - 0.9177

Most recent candlesticks pattern : N/A

Trend : Near term down

Tenkan-Sen level :0.9123
Kijun-Sen level :0.9123
Ichimoku cloud top :0.9110
Ichimoku cloud bottom :0.9104

Original strategy :
Buy at 0.9140, Target: 0.9240, Stop: 0.9105

Target: -
New strategy : ... Are you interested? READ MORE

Forex Signal Update: USD/JPY – Sell at 93.05

USD/JPY – 92.50

Original strategy :
Sell at 94.50, Target: 93.50, Stop: 94.85

Target: -
New strategy : ... Are you interested? READ MORE

Forex Signal Update: EUR/USD – Sell at 1.3495

EUR/USD – 1.3416

Original strategy :
Sell at 1.3495, Target: 1.3380, Stop: 1.3530

Target: -
New strategy : ... Are you interested? READ MORE

Forex Signal Update: USD/CHF – Buy at 0.9140

USD/CHF - 0.9164

Original strategy :
Buy at 0.9140, Target: 0.9240, Stop: 0.9105

Target: -
New strategy : ... Are you interested? READ MORE

EUR/USD: Euro Dropped Following Draghi's Comments, Trading Higher This Morning

The pair is expected to find support at 1.3327, and a fall through could take it to the next support level of 1.3244. The pair is expected to find its first resistance at 1.3536, and a rise through could take it to the next resistance level of 1.3662....

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European Leaders Split On EU Budget

European leaders gathered in Brussels on Thursday for a two-day meeting to join a battle over one trillion euros in EU spending, leaders are set to bring for the first time in the EU history a reduction in the seven-year budget. European leaders began their summit meeting, aiming at settling...

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ECB Conference Pushes Euro Lower

The euro (EUR) decreased more than 200 pips against the US dollar (USD) after yesterday’s European Central Bank (ECB) press conference. The single currency lost nearly 1% as the investors felt ECB president Mario Draghi’s comments to be more dovish than expected. Following certain questions regarding the recent euro’s strength...

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China Trade Data Improves

Risk appetite was subdued in the Asian session as light news flow kept FX majors range-bound. Asian regional equities indices were generally higher as the Hang Seng rose +0.13, Shanghai up +0.57 yet the Nikkei languished down -1.80 (falling for a second day). The key data was out of China...

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Euro Sold Off On Draghi Comments

As was the case last month, the ECB press conference triggered a sharp repositioning in the euro. ECB's Draghi indicated that the ECB maintains an accommodative policy and will take the value of the euro into account when setting monetary policy. This warning triggered a repositioning in EUR/USD long exposure....

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European Shares In Green Ahead Of EU Summit Conclusions

European Equities kick-started Friday's session in green as European Union leaders were inching towards a deal on the bloc`s budget, while the President of the European Central Bank Mario Draghi promised to save the euro from fractureing up the clear commitment meant that confidence began to return to the region....

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Mario Draghi: Market Svengali

Mario Draghi, the President of the ECB, said very clearly yesterday that currency intervention is bad, the market should set interest rates and that the ECB doesn't have the mandate to control the single currency. Yet, since his press conference yesterday afternoon the euro is down by more than 1%....

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