Hello Traders, Most important today: US NFP data What we could see after? In my opinion every number above 120.000-150.000 should push usd on higher levels and 1,2450-1,2500 will be on the cards, but what could happen if number will be below 100.000? we could see usd sell-off, ok, but how long? to 1,2740 or 1,2800 and after this another round of buing usd? Propably number below 50.000 will see strong sell-off usd on the boards... At this moment dont want to trade against usd, propably better to put sell order eur-usd ahead NFP, maybe will see surprise number? Good Luck Piotr
12.10.2006 EUR-USD â New low yesterday at 1,2501 after FOMC , strong bounce back today but at this moment still favor short positions⦠Selling area 1,2575-90 and above 1,2610, sl above 1,2640-50 for 1,2460-80, Important US Trade Balance todayâ¦. Currently short from 1,2545⦠GBP-USD â Pair now trying to back above 1,8600-15, next resistance near 1,8635-60 also looks good for short⦠Short from 1,8524 was stopped out⦠Holding short from 1,8565, will add near 1,8645 sl above 1,8685 USD-JPY- As I wrote yestrday, correction possibleâ¦but still favor long positions⦠level to buy 119,25-30 or 118,60-85⦠USD-CAD- As I wrote yesterday, bullish for 1,14 while above 1,1320, max today 1,1384, if Youâre long try to take profit here at 1,1360 or put sl on entry level⦠Fundamental: The Canadian dollar was down versus the greenback on Wednesday as another slide in commodity prices weighed on the currency, which could drift further given the lack of any key domestic data. With no key Canadian data due out during the session to impact the currency, traders seemed content to focus on weaker commodities, particularly oil and gold, which often move in line with the Canadian dollar. The commodity story has been hurting the Canadian dollar for a while now. What's kept it as high before that is the huge amount of M&A activity," said Bart Melek, senior economist, at BMO Capital Markets. "But I think that's kind of getting washed out of the market and a lot of the strong commodity-based fundamentals are weakening." USD-CHF â look to buy on dips 1,2630-50 for 1,2780-2800 AUD-USD â Good demand noted this morning for topside Aussie calls after strong employment data overnight. Traders note stops at $0.7485 and $0.7495. 200 DMA at 0,7478, now we are above this level⦠Bearish below 0,7440-50, bullish above 0,7500, still watching NZD-CHF- Current 0,8362 ⦠testing 50% fall from 0,9448 to 0,7375⦠200 DMA below 0,81, also good support at 0,8100 ( trendline ), watching⦠USD-CZK- Very interesting situation, long term downtrend-line on daily chart is underpressure, daily close above could be very bullish, on the other hand consolidation 21,7000-22,6000 also possible⦠USD-DKK- Consolidation 5,7500-5,9500, supoort 5,85 then 5,80, also range âbreak to the upside possible⦠USD-HRK â Look to buy again on dip 5,85-5,86 for minimum 5,94-95â¦and for 6 and above later.. USD-HUF- HUF is a stronger than we expected at this moment range-break to the downside possible, watch support near 212,00, speculative traders can to take long here ( 212,50 ) with tight sl below 212 for move minimum 216, daily close below 212, we will have bigger chances for back to 208⦠USD-MXN â Watch support 10,9200-9500, resistance 11,1000, bigger chances at this moment for bears USD-PLN - If You are still long, You can take some profits here 3,1215-25 for rest put sl on entry level tp 3,14, look to buy on dips againâ¦or on break to the upside More details about other currency than majors after weekend GOOD LUCK and GOOD TRADE Piotr