FXstreet.com: Technical

Fed causes Aussie Crash, stocks down, US dollar higher

support@vantagefx.com (Vantage FX) — Wed, 19 Jun 2013 22:55:01 GMT

Recap Is it possible that for all the criticism that has been directed at the Fed that the nuances are actually starting to become apparent between a “taper” and a withdrawal of stimulus? I’ll have a chat about it below but as a recap stocks did really well last night, better than I would have thought and the Euro pushed further into nose bleed territory making a high of 1.34 on better than expected German data. Bonds haven’t reacted terribly though to the stock rally which suggests a more

USD bounces hard after FOMC; AUD falls in risk-off environment

sean@fxww.com (FXWW) — Wed, 19 Jun 2013 22:55:42 GMT

Ben Bernanke pretty much delivered what the market had been anticipating when he signalled a reduction in the Fed’s quantitative easing programs. The initial market reaction was to sell stocks, sell gold, buy the USD and sell risk-related currencies. The market will now focus on emerging markets in Asia and see how badly affected their equity and debt markets are by the announcement. Elsewhere the HSBC version of Chinese manufacturing PMI should also have an impact on market volatility and the

Fedspeak

jupiterpeakfinancial@gmail.com (Jupiter Peak Financial, LLC) — Wed, 19 Jun 2013 22:40:51 GMT

Good Afternoon, Bernanke is still fielding questions. Overall, I think the statement wasn't that much different from my expectations in yesterday's market commentary. There is still the possibility for more QE through various "tools". He stressed looking at economic data, so let's continue to monitor that starting with tomorrow's claims and Philly Fed. Technically, it looks like the SPX is heading back into its range - so buying the rumor, selling the fact continues to work. The markets seem

NZDUSD gets rejected by a key resistance level

info@forex.com (FOREX.com) — Wed, 19 Jun 2013 22:33:58 GMT

Yesterday we looked at the short-term potential of the kiwi, now we readdress our long-term view after the FOMC-related action overnight. From a fundamental perspective the kiwi has more going for it, at least in our opinion, than its neighbouring currency, the Aussie. This was highlighted overnight by around a 270 pip sell-off in AUDUSD, compared with a more modest, but still severe sell-off of around 190 pips in NZDUSD. Technically, the pair was rebuffed around 0.8110 - 38.2% retracement

Gold breaks below triangle support at $1355 after hawkish FOMC meeting

info@forex.com (FOREX.com) — Wed, 19 Jun 2013 22:32:24 GMT

One of the primary reasons investors flock to Gold is due to its perceived safe-haven status, however this key pillar of support was taken away earlier today when the FOMC stated that “downside risks to the outlook for the economy and the labor market have diminished since the fall”. Essentially, this implies tapering QE may come sooner rather than later and that the US economic outlook is on sound footing. Bernanke took this point a step further by when he said “it may be appropriate to

EURUSD breaks base of bullish channel after Fed

info@forex.com (FOREX.com) — Wed, 19 Jun 2013 22:30:04 GMT

EUR/USD dropped sharply on the back of a stronger USD after the FOMC announcement and Bernanke press conference reinforced expectations of an adjustment to the pace of asset purchases later this year. The break below channel support in prices and corresponding break of a horizontal support line in the 4-hour RSI indicator suggests the potential for continued downside in the near term. Some key levels to keep an eye on are (Fibonacci levels are retracements of the move from May 29 lows to

Supply/Demand Analysis Post FOMC

forex@fxstreet.com (FXstreet.com) — Wed, 19 Jun 2013 22:17:45 GMT

Simplified Supply Demand Table The table below includes updated supply/demand levels as well as commentaries on the current outlook of the pair. The table is updated on a daily basis after the NY close. The levels will help trading decisions for intraday, swing and positions traders. **RBR = Rally-base-rally **RBD = Rally-base-drop **DBD= Drop-base-drop **DBR= Drop-base-rally ** Refer to footnote for further information on supply/demand analysis Supply Demand Charts and Analysis

EUR/USD: FED Delivered!

forex@fxstreet.com (FXstreet.com) — Wed, 19 Jun 2013 20:04:30 GMT

EUR/USD Current price: 1.3280 View Live Chart for the EUR/USD The EUR/USD lost over 100 pips in less than an hour, following FED decision: the Central Bank President, Ben Bernanke not only announced that economic policy will remain “highly accommodative” and that there is some improvement, but he also drew the first lines of QE tapering: the pace of purchases will be moderated later this year if improvement continues. The EUR/USD fell as low as 1.3261 before halting the bleeding, now

June FOMC statement removes downside risks and opens the door to tapering QE in 2013

info@forex.com (FOREX.com) — Wed, 19 Jun 2013 19:43:39 GMT

Today’s FOMC statement produced no major changes to monetary policy: Maintains $85B a month pace of purchasing Treasuries & Mortgage Backed Securities Kept rates at 0-0.25% as long as the unemployment rate remains above 6.5% and 1-2 year projected inflation remains below 2.5% Two key proclamations within the statement: Downside risks to the labor market & economy have diminished since the fall – Hint towards tapering? Inflation is running below the FOMC’s longer-run objective partly

Capital3x reversal trade setups

support@capital3x.com (Capital3x) — Wed, 19 Jun 2013 16:47:34 GMT

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Copper slumps to new low on back of weak demand

privatesalesuk@saxomarkets.com (Saxo Capital Markets - Forex Trading Specialist) — Wed, 19 Jun 2013 16:00:02 GMT

Copper has seen an extension to the losses witnessed over the past four days. It is currently trading at the lowest level since early May and has almost fully removed the rally which was triggered back then when a supply disruptions at the worlds second largest copper mine in Indonesia triggered an almost 10 percent jump in the price. Resumption of production at the Grasberg mine in Indonesia together with expectations of a weaker HSBC PMI due out of China tonight has taken its toll on the

All eyes on Bernanke

a.kingra@amplifytrading.com (Amplify Trading) — Wed, 19 Jun 2013 15:13:21 GMT

Market Review Yesterday's session was mildly bullish for the S&P with our long strategy working nicely as the entry was hit in the dip prior to the US cash open before pushing higher to reach both first and second targets going into the European close. The push higher was not straight forward and so the trade was difficult to hold with some choppy price action in the hour after the US cash open but once Monday's high was breached this generated a technical extension higher. The US

CADJPY in a triangle on the neckline.

support@forextrading.tv (ForexTrading.TV) — Wed, 19 Jun 2013 14:33:18 GMT

A ForexTrading.TV Technical Analysis Video Alert for CADJPY

NZDUSD: Stuck between a rock and a hard place

info@forex.com (FOREX.com) — Wed, 19 Jun 2013 13:44:50 GMT

NZDUSD has remained in a fairly tight range for the last 24 hours or so, with the pair trapped by support and resistance levels. On the downside, the 200hr SMA is providing the first level of defence, currently around 0.7960, followed closely by the pair’s 50.0% retracement level from its high on the 15th, which is around 0.7945. On the other side of the equation, the 100hr SMA is providing resistance. Overall, the aforementioned levels are keeping the pair fairly close to its 38.2%

Math models afternoon update

info@chifbaw.com (Chifbaw LLC ) — Wed, 19 Jun 2013 13:42:07 GMT

BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 15:00 GMT): EURUSD: 1.3425-1.3440 on the upside, 1.3320-1.3335 on the downside. AUDUSD: 0.9535-0.9550 on the upside, 0.9410-0.9425 on the downside. USDJPY: 95.85-96.00 on the upside, 94.30-94.45 on the downside. GBPUSD: 1.5685-1.5700 on the upside, 1.5560-1.5585 on the downside. USDCAD: 1.0240-1.0255 on the upside, 1.0160-1.0175 on the downside. NZDUSD: 0.8035-0.8050 on the upside,

Russell 2000 continues upwards and onwards

support@forextrading.tv (ForexTrading.TV) — Wed, 19 Jun 2013 13:38:44 GMT

A ForexTrading.TV Technical Analysis Video Alert for RUSSELL 2000 INDEX

EUR/USD: Just waiting

forex@fxstreet.com (FXstreet.com) — Wed, 19 Jun 2013 13:40:06 GMT

EUR/USD Current price: 1.3398 View Live Chart for the EUR/USD The EUR/USD holds in a tight range since yesterday’s US session, trading in a 30 pips range as investors wait for FOMC. The Central Bank is expected again to hint some QE tapering, yet the market wants to confirm if we actually are going to see the beginning of the end of facilities, and in which measure the FED will reduce monthly buying. Anyway, the EUR/USD maintains a positive tone as per trading around 1.3400, well above a short

USD/JPY Awaiting the FOMC Decision to Break out from Consolidation

(FXTimes) — Wed, 19 Jun 2013 13:33:16 GMT

USD/JPY 4H chart 8:25AM EDT 6/19/2013 Consolidation: The USD/JPY is finding itself in a consolidation range between 95.80 and 93.75 . The RSI in the 4H chart is around 50, reflecting a neutral momentum, but with bearish bias since it has just tagged 30 and below twice. FOMC: If the Bernanke and the FOMC provides new clues for tapering, the market is likely to react with USD-strength. In this scenario, the USD/JPY might break above 95.80 . Then if it pushes through any resistance at the 96.00

NZDJPY stuck closer to this year's lows rather than highs

support@forextrading.tv (ForexTrading.TV) — Wed, 19 Jun 2013 13:26:26 GMT

A ForexTrading.TV Technical Analysis Video Alert for NZDJPY

S&P500 Maintaining Bullish Bias ahead of the FOMC Policy Decision

(FXTimes) — Wed, 19 Jun 2013 13:27:32 GMT

SP500 daily chart 6/19/2013 8:05AM EDT Bullish maintenance: The S&P500 has retreated from a record high at 1687.4 to find support at a previous resistance near 1598.5. So far in June, it has traded sideways, holding the RSI above 40, and therefore still maintaining overall bullish momentum in the daily chart. The moving averages are still for most part in bullish alignment. Price has held above a key rising trendline that goes back to November 2012. Price also just pushed above a pivot a t

EUR/USD Consolidates Around 1.34 ahead of the FOMC Risk

(FXTimes) — Wed, 19 Jun 2013 13:22:55 GMT

EUR/USD 1H chart 6/19/2013 7:05AM EDT Triangle breakout: EUR/USD price action during the 6/18 broke above an ascending triangle seen in the 1H chart as well as break above the 1.34 handle. However, ahead of the FOMC meeting, it is holding around the 1.34 handle, with support at 1.3383 and resistance at 1.3414. Despite the bullish break, the RSI is still held mostly between 40 and 60, showing lack of bullish momentum on the breakout. The market is leaning bullish, but is tentative. FOMC: We are

Bonds Higher, S&P's Lower, Silver Higher

offers@pricegroup.com (PRICE Futures Group) — Wed, 19 Jun 2013 13:07:34 GMT

Financials: Bonds are currently 6 higher at 139’24 and the 10 Yr. Notes 2.5 higher at 129’10.0. The markets awaits the results of todays FOMC meeting and will rally or break depending on the language of the comments as to when and/or if there will be a scaling back of the Fed’s monthly Bond purchases. I feel that there will eventually be a scaling back but we are a good six months or more away from any type of action. In previous readings of FOMC comments it is clear that the FED will keep

USDCAD approaching 4 hour 20 period SMA and S1 pivot support at 1.0180

support@forextrading.tv (ForexTrading.TV) — Wed, 19 Jun 2013 13:04:13 GMT

A ForexTrading.TV Technical Analysis Video Alert for USDCAD

Technical Daily Analysis

requestinfo@proacttraders.com (ProAct Traders) — Wed, 19 Jun 2013 13:00:32 GMT

$EURUSD- Rising Wedge? Currently we are at 1.3402 in a rising wedge which is bearish for the pair. A couple of different scenarios. 1: a move to the lower chart trend line and bounce creating a head and shoulders top 2: A break down here to the 0.618 Fibo @1.3187. The average daily true range (ATR) for the pair currently is 110 pips.

Ichimoku Cloud Analysis: GBP/USD, Gold

info@roboforex.com (RoboForex) — Wed, 19 Jun 2013 12:54:10 GMT

Analysis for June 19th, 2013 GBP/USD GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); Tenkan-Sen and Senkou Span A are moving downwards, Senkou Span B is directed upwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is on the chart, and the price is below Tenkan-Sen and Kijun-Sen, above Kumo Cloud. Short‑term forecast: we can expect support of Senkou Span A and D Tenkan-Sen.

Gold & Silver; Whipsaw-Day

info@sharpspixley.com (Sharps Pixley) — Wed, 19 Jun 2013 12:05:16 GMT

Bullion Round Up Note to oneself – today FOMC meeting statement may shed more lights on who could be the next Fed Chairman rather than the topic on tapering. Nevertheless, the market has high anticipation on the result of the meeting that tapering will be in effect as early as September or by end of this year. Several articles from so called “fed-watchers” have moved market and the US equity especially did not take rumours or possible leak kindly. This indicate that the market remain on edge

EURNZD short term broadening base formation

support@forextrading.tv (ForexTrading.TV) — Wed, 19 Jun 2013 11:52:05 GMT

A ForexTrading.TV Technical Analysis Video Alert for EURNZD

EURAUD would kick in to overdrive on a weekly close above 1.4100

support@forextrading.tv (ForexTrading.TV) — Wed, 19 Jun 2013 11:40:51 GMT

A ForexTrading.TV Technical Analysis Video Alert for EURAUD

Are EUR Bulls Prepared For The FOMC Decision?

marketpulsefx@oanda.com (OANDA Corporation) — Wed, 19 Jun 2013 11:34:06 GMT

So far there have been no surprises – consolidation is the name of the game this morning before ‘helicopter’ Ben gets to his press conference. The G10 major currencies have essentially traded sideways ahead of today’s FOMC economic projections, statement and rate announcements. However, for the EUR it has been a far different story up until this point. It seems that the single-currency bulls have become somewhat immune to negative EUR factors, allowing the currency to bid right up until the

EURUSD Spot

a.kingra@amplifytrading.com (Amplify Trading) — Wed, 19 Jun 2013 11:40:43 GMT

Currency Majors Technical Analysis

forex@mataf.net (Mataf.net) — Wed, 19 Jun 2013 11:21:22 GMT

EUR/USD - Euro / US Dollar Entry : 1.3395 Stop : 1.342 Resistances : 1.3455 - 1.343 - 1.3415 Supports : 1.329 - 1.3345 - 1.3385 EUR/AUD - Euro / Australian dollar Entry : 1.4115 Stop : 1.407 Resistances : 1.424 - 1.42 - 1.4135 Supports : 1.3965 - 1.402 - 1.408 EUR/GBP - Euro / British Pound Resistances : 0.861 - 0.86 - 0.8585 Supports : 0.85 - 0.8535 - 0.855 USD/CHF - US Dollar / Swiss Franc Resistances : 0.929 - 0.9265 - 0.9215 Supports : 0.913 - 0.9165 - 0.9185 AUD/USD - Australian dollar /

GBP/USD: Ranging, still bearish

forex@fxstreet.com (FXstreet.com) — Wed, 19 Jun 2013 11:08:33 GMT

Market is pretty quiet this Wednesday as investors wait for FED economic policy meeting result, later today. Nevertheless, the Pound maintains the negative bias, trading below its 20 SMA in the 4 hours chart that now offers dynamic resistance around 1.5668, daily high. Indicators in the mentioned time frame, present a bearish tone, as per heading south below their midlines supporting a downward movement, yet again, is all in FED’s hands, so there’s a chance price will keep ranging until the

AUDNZD sees Australians snapping up Kiwi property

support@forextrading.tv (ForexTrading.TV) — Wed, 19 Jun 2013 10:55:49 GMT

A ForexTrading.TV Technical Analysis Video Alert for AUDNZD

GBPJPY trading on trend line support

support@forextrading.tv (ForexTrading.TV) — Wed, 19 Jun 2013 10:27:32 GMT

A ForexTrading.TV Technical Analysis Video Alert for GBPJPY

USDCAD unmoved by political scandals

support@forextrading.tv (ForexTrading.TV) — Wed, 19 Jun 2013 10:21:49 GMT

A ForexTrading.TV Technical Analysis Video Alert for USDCAD

Focus on the FOMC meeting

info@chifbaw.com (Chifbaw LLC ) — Wed, 19 Jun 2013 10:19:17 GMT

Recommendations: Medium risk: Sell the EURUSD at 1.3520, SL 1.3565, targets 1.3450, 1.3235, 1.2850, 1.23(!). Medium risk: Buy the USDJPY at 90.50, SL 89.90, targets 91.50, 92.60, 95.00, 100.00, 105.00. Analysis: Last week, the EURUSD continued to strengthen as we suggested. This week, however, the fed meeting might change the dynamics of all the currency pairs related to the US dollar. All the risks are now to the USD bullish side since no one can expect any additional easing measures and

USDCHF Pointing @90 Despite OS

support@forexsurvivor.com (ForexSurvivor) — Wed, 19 Jun 2013 09:56:39 GMT

1minute with ForexSurvivor Latest Impact: USDCHF Pointing @90Despite OS USDCHF OS zone won’t deprive the 90from screening in the coming sessions. A rally is expected to trigger Mon.’s high, a sellable point. Ahead, aggressive traders may consider triggering pre-emptive sell at current price (92). Only a close above 9350 negates the bearish phenomenon.

FOMC Verdict is Key

support@ac-markets.com (Swissquote Bank SA) — Wed, 19 Jun 2013 10:02:29 GMT

Forex News and Events: Today, the key event is the FOMC meeting and the following decision on whether the Fed will taper the QE or not. In his May 22th press conference, the Fed President Bernanke had stated that if the economic data and the labor market give satisfactory signs of recovery, the Fed would start gradually tapering the monthly USD 85bn worth bond purchases by the end of 2013. As immediate reaction, the markets had started to price in the QE tapering by September 2013, the

The Commodities Report

piet.lammens@kbc.be (KBC Bank) — Wed, 19 Jun 2013 09:51:09 GMT

Calls and Signals: Traders Helping Traders

forex@fxstreet.com (FXstreet.com) — Wed, 19 Jun 2013 09:45:12 GMT

These calls are generated by members of our discussion forum Forexstreet.net who are not requested to provide a verifiable track record nor trading experience in the same way as dedicated contributors of our main site FXstreet.com. The information given in this report represents the member's personal opinions, its purpose is purely informational and should not to be construed as investment advice. Bloggers Calls