Malaysia

katanya gold akan naik sampai 136x area...then we will see slight pullback.

Thing I'll be watching for today and tomorrow.


NZD/USD
NZD Trade Balance is positive. Tomorrow is NZD Cash Rate. CPI increased though 0.1 less than forecast.
Housing price is the main risk. The bank needs to raise the interest rate to prevent uncontrolled house price.
US will continue QE. Therefore, my short term projection is to buy the pair.
TP 1 at 0.8035 and TP 2 at 0.8060
SL 0.7930. I might close earlier if other short term data from AUD CPI and China PMI shows negativity. But I will most probably hold it until the cash rate tomorrow.

AUD/USD
AUD CPI and China PMI is the main event.
Forecast for increase CPI and HSBC Manufacturing PMI. Therefore i will buy depending on the result. TP 1 - 0.9325, TP 2 - 0.9350 and TP 3 - 0.9378
Currently waiting for the data before making any move.
Should the CPI comes less than expected. I will sell the pair and TP 0.9215

EUR/USD and GBP/USD
My forecast - it will continue to go higher. Will monitor the progress.

Hope I'm right. lol

EU sell opportunity @ 1.3326, sl-15pip...

Setup Void...
Eu want to close this week with new high... Hopefully we can see divergence next monday...

Open pending buy @ 1.3245, sl-15..

Its friday.. A lot of profit taking by big player...

EU Miss the hit by 6pip...
But GU are in (atm +30)... Sl move to BE...

Eu n gu will make new high... N we will have bearish divergence next monday...

Still hold GU buy trade from last friday.. Hopefully it will hit 1.5440 (closed)...

Today setup....
Eu sell @ 1.3316, sl -15.
Gu sell @ 1.5441, sl-15.

Regards..

Gu buy trade out at BE..
Sell setup for gu n eu void...

Catching up from previous analysis

AUD
signs for further dive down under
- CPI was less than expected - more room for a rate cut
- China PMI showing more contraction
- Building permit contracts - showing less recovery in construction sector.
- RBA Governor explicitly said that 'We have been saying recently that the inflation outlook may afford some scope to ease policy further if needed to support demand. The recent inflation data do not appear to have shifted that assessment' - therefore their policy to cut interest rate soon is something possible.
- Fed QE Tapering - market is going to find even a slightest sign of tapering to sell the pair heavily during the next FOMC

NZD
Negative
- China PMI is in contraction - but NZ is not as dependent on China as their aussie counterpart.
- QE tapering - if there is sign of tapering - then NZD will dive down.

Positive
- The recent rate statement is hawkish very very much. They have started to say something like 'okay, the next step we're going to do is to raise the interest rate' - this is very important
- Advance US GDP showing a forecast of slowing growth. If the data prints less than 1%, NZD should rally north

EUR

Market will be very choppy. Even though most people think that EUR is going to dive to 1.2750 again because of EUR/USD keeps on getting lower high during each rally for the past 5 years. But I believe that EUR/USD is going to head north.
Reason
1. QE is not going to go away soon.
2. ECB forecast in April stated clearly that they're expecting the eurozone economy to pick up in the 2nd half of 2013.
3. Recent data PMI from Eurozone showing positive results
4. Germany General Election is due in just ~5-6 weeks. So, Merkel surely give a pressure to ECB to show positive tone on Euro.
5. US GDP is more likely to disappoint

Having said that, of course sell when it is high is less risky than to buy. But who knows how high the current rally will actually continue~

Conclusion
1. Will definitely wait for FOMC, GDP and NFP releases.

My possible trade setup
1. If there is no sign of QE tapering, I will buy NZD/USD and hold it until friday with stop at BE. After NFP, if data is red, the I will possibly continue holding it for at least one week.
2. Aussie is prone to go down. More data showing negativity fundamentally. Will wait for FOMC, but most likely will try to trade AUD/NZD - I guess it is much safer than AUD/USD since NZD shows stronger demand and AUD is heavily pressured.

With QE tapering soon to come, rumours, fake news bla bla bla - I will try to stay away from USD pair.

Hello Malaysian...

Stop loss hunter analysis

Enter at their stop loss.. take 20pips..

biskut jacob weetameal was here..

bagus la demo ada kat cni...kawe pun ado jg...

Kat cni x happening la....jom la rakyat malaysia kita sama2 tukar pendapat psl forex ni.....sm2 membantu...

Ej i open short....wish me luck.....

hi all...my account is dying. (adeiii...)

good job malaysian

Trade pair ape yg leh sapa sakit tu?

AUDNZD. Takpe...ada lg USDJPY

1 die, 2 die, 3 die