EURUSD

Good morning all,

The EUR/USD on the hourly chart seems to be trading within a well defined range of 70 pips, ranging from 1.0706 up to 1.0775.

So I see three possible strategy's:

1. Short @ 1.0760 near the resistance, although its a higher risk due to the mid-term trend that is bullish and a break to the upside is most probable.

2. Buy @ 1.0715 near the support, backed up by the the mid-term trend that is bullish.

3. Buy @ 1.0780 on a breakout of the hourly resistance also backed up by the the mid-term trend that is bullish.

Every time I wanna enter eu I end up entering au instead LOL! anyway, long on au at 0.75397. Targets 15 & 30 pips again. Looks like eu/au wants another attempt at going north.

Yeah, I heard that about Trump wanting a weaker dollar ...good for trade ...and also about he's fiscal policy contradictory to the trade stimulus

...Trump:"print more money and you're fired!"
...Yellen: "I was confirmed by the Senate for a four-year term which ends in January of 2018," .

well, she owns the chair until 2018
Reasonable setup!

GEOPOLITICAL RISK ?


http://www.zerohedge.com/news/2017-0...ops+to+zero%29

Snippet:
Will Italy Have Early Elections: A Preview Of Today's Constitutional Court Decision
http://www.zerohedge.com/sites/defau.../picture-5.jpg
by Tyler Durden
Jan 25, 2017 2:43 AM


On Wednesday at around 1pm CET, the Italian Constitutional Court will unveil its ruling on changes in Italy's electoral law, or Italicum, which was approved during Matteo Renzi’s tenure and changed the way the lower house is elected. The court began hearing challenges Tuesday to the law, the outcome of which could help determine when new elections are held. The 2015 law under review governs elections for the lower, 630-seat Chamber of Deputies. Among other things it assigns a bonus to the majority party if it reaches a 40 percent threshold.


It was adopted under the assumption that parliament's upper Senate chamber would be reformed. Italians, however, overwhelmingly rejected the proposed Senate reforms in a Dec. 4 referendum, leading to Matteo Renzi's resignation as premier.

Renzi's successor, Paolo Gentiloni, is running the government until new elections can be held. Most political forces agree that a new electoral law must be passed before any vote, taking into account the constitutional court's ruling, which is expected Wednesday.

With that in mind, here is what to watch for in tomorrow's decision. First, some background

 

1. Under the law, a majority of seats goes to the leading party that wins at least 40% of the vote in the first round, or wins the second round; party threshold is 3% nationally
2. Senate seats remained assigned via proportional representation and without a majority bonus
   1. Senate kept different vote thresholds for party representation: 8% regionally for parties going solo, 3% within a coalition

   
   
   

3. Democratic Party (PD) head Matteo Renzi and his entourage are pushing for a vote in the first half of the year to exploit the party’s lead in some opinion polls
   1. President Sergio Mattarella has called for both laws to be harmonized as “an indispensable condition” for new elections

   
   
   

4. Renzi’s PD and Silvio Berlusconi’s Forza Italia have signaled they’re awaiting a full ruling before starting talks
   1. Berlusconi seeks more proportionality as Forza Italia polls less than 15% in opinion surveys and wants to keep door open for grand coalition with PD
   2. Renzi favors majority bonus

   
   
   

Scenarios
Court strikes down second round of Italicum, keeps bonus for parties with at least 40% of votes

1. This is most likely scenario according to newspapers including Il Sole 24 Ore; election laws in lower house/Senate remain different; Renzi has more negotiating power in talks to make the two laws coherent; early elections still possible

Court rules both premium, second round unconstitutional

1. Senate/Chamber laws remain fully proportional; parties could just agree to harmonize party thresholds; early elections possible

If the court approves new Italicum law, Renzi wins but talks for election laws are more complicated, early elections will be more difficult

1. Current system could favor Five Star movement in one of the houses; any new system parties agree upon will be less friendly for Five Star, Rabobank said in Jan. 23 note

Source: Bloomberg

Go, bulls! 1.0770 in sight again

Good Morning !

Today's SR levels on MT4 Templates for EURO, CABLE, DAX, USDJPY & EURGBP

your late....

easy now....

lets sell some 63s first, and think about it a minute...

Always remember from where the wave starts. !.07120 is support and from it has reversed.
That is form where it bounced straight to 1.07800.
Sell only 1.07700-900 dont before that.
Also it has tested twice already 1.07700 this time it may move forward.

market is waiting for twitter news.

Good Morning !

Today's SR levels on MT4 Templates for EURO, CABLE, DAX, USDJPY & EURGBP

Right. Even 1.0760 first

http://www.bkassetmanagement.com/dai...h-highs_10414/

Snippet:
Pound Makes Fresh Highs

January 25th, 2017

Market Drivers January 25, 2017

Cable hits fresh highs as stops pop
IFO misses
Nikkei 1.20% Dax 1.43%
Oil $53/bbl
Gold $1201/oz.

Europe and Asia:
AUD CPI 0.4% vs. 0.5%
EUR IFO 109.8 vs. 111.3

North America:
USD House Price Index 10:00

Cable broke out to fresh highs in early London trade flirting with the 1.2600 figure as the rally in the pair continued for second day. The move was caused by a pop of stops in GBPJPY but the real power behind the move stems from the fact that investors are reevaluating the risks to the currency now that Brexit appears to be inevitable.

As we noted yesterday, “The situation within the EU is further complicated by the upcoming elections in Netherlands, France and possibly Italy. In all those countries the populist candidates are enjoying massive support and should the populist parties win, the Brexit vote would look prescient as it would confirm the EU is in danger of breaking up anyway. Under that scenario the UK approach to bilateral negotiations could prove to be superior that the current single market model, which explains why cable is trading near multi-week highs despite every indication that Brexit will become a reality.”

Elsewhere in Australia, the CPI data printed cooler than expected with trimmed mean CPI coming in at 0.4% versus 0.5% eyed as the year over year figure remained well below the 2% mark at 1.5%. Some analysts suggested that the lack of inflation offers RBA scope to cut rates further, but we doubt that Australian monetary authorities would change their stance from neutral given the steady growth in the AU economy. On the other hand, the central bank is unlikely to assume a more hawkish posture anytime soon, and that should put a cap on any AUDUSD rally for the time being. The pair slipped to a low of .7515 in late Asian trade but stabilized in European dealing and if it rallies back to the .7600 figure momentum could propel it to the triple top resistance at the .7700 level.

In Europe, the German IFO came in a bit softer than forecast printing at 109.8 versus 111.3.This was the lowest reading since September as companies expressed concerns about the future. Given the protectionist rhetoric of the Trump administration, it’s understandable that German business sentiment would sour, but IFO also showed that current conditions remained steady and EUR/USD shrugged off the news rebounding back towards 1.0750.

With very little data on the eco calendar, today FX markets could continue to chop for the rest of the day. Today’s President Trump is expected to make several announcements regarding security including the building of the wall with Mexico which depending on the size of the budget could be seen as stimulative by the market and could prop USDJPY back to 114.00 as the day proceeds.

Vix is not so far from historical lows

the market is allways manipulated, and now they are faking a brutal up or un brutal down ! ...so from now 1.03xx or 1.10 !? ....My personal guess it's down!

Although used for SP500 it's a good tool for all markets ...mmmright, volatility pretty high these days

Going short from here

aint happening now, and that level is a tad suspect I think...anyway, done waiting, will look elsewhere....laters...

Hey PTL, youre still here while I was 2 times suspended.

yup still here...