The EURO Loses its Shackles

Just when you thought that short EUR position you had been carry was about to strike big, along comes a few US politicians to throw yet another curve ball.

The US fiscal cliff is again capturing the markets attention, as investors look for signs of an imminent resolution to the tax hikes and spending cuts that are scheduled to hit the US in a matter of weeks. The prospect of a compromise on the US deficit strategy has boosted global equities and the vulnerable EUR against the dollar, while also giving oil and commodity prices a lift.

USD/JPY Uncertain, Hovering Around 82

On the 1 hour chart the upward channel is on hold, while on the 3 hour chart the upward channel looks good. Break above yesterday's top and nearest resistance 82.62 would encourage further recovery of the Dollar.

 Immediate support is yesterday's bottom at 81.85, and consistent break bellow it could strengthen the Yen further down towards next target 81.00.

FREE Trading Signal: EUR/USD

EUR/USD intraday: bullish bias above 1.294 Pivot: 1.2940. Our preference: LONG positions @ 1.295 with 1.3015 & 1.3035 as next targets. Alternative scenario: The downside breakout of 1.294 will open the way to 1.2895 & 1.2865. Comment: the pair stands above its support and should reach its previous high.

EUR/USD Heads Up After Greek Debt Solution

On Monday Euro/Dollar continued increasing insignificantly with 60 pips. The European currency appreciated from 1.2943 to 1.3008 yesterday, matching the positive money flow sentiment at nearly +22%, closing the day at 1.2968. This morning the Euro is trading quietly, with movements at the upper half of yesterday's range for now.

On the 1 hour chart range trading has formed, while on the 3 hour chart the upward channel has turned into wide trading scope. Break above the nearest resistance and yesterday's top at 1.3008 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.2943, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2828.

Today's focus is on Germany Import prices, US Durable goods orders, Redbook, and Consumer confidence, at 6, 8:30, 13:30, 13:55 and 15 GMT respectively.

Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and calm, MACD is thinly positive and inclining upwards, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.

Technical resistance levels: 1.3008 1.3120 1.3244
Technical support levels: 1.2943 1.2828 1.2700

FREE Trading Signal: EUR/USD

EUR/USD Trading range: 1.2930 – 1.3035 Trend: Upward Buy at 1.2944 SL 1.2912 TP 1.3021

EUR/USD Stable On Hopes For Greek Deal

This morning the Euro is trading quietly, with movements at the upper end of Friday's range for now.

On the 1 hour chart range trading has formed, while on the 3 hour chart the upward channel has turned into wide trading scope. Break above the nearest resistance and Friday's top at 1.2991 may trigger further strengthening of the Euro. Going bellow Friday's bottom and first support at 1.2868, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2750.

Today's focus is on Italy Consumer confidence, and US Chicago Fed National and Manufacturing activity indexes, at 8, 13:30 and 15:30 GMT respectively.

Quotes are moving above the crossing 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and calm, MACD is thinly positive and inclining upwards, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.

Technical resistance levels: 1.2991 1.3110 1.3235
Technical support levels: 1.2868 1.2750 1.2626

KTM’s 1290 Superduke R will take your breath away

Probably the most exciting bike unveiled lately, the KTM 1290 Superduke R prototype, might have the best power-to-weight ratio ever! It’s an ultra light, trellis framed naked bike, powered by a massive 1290cc version of the RC8R V-Twin engine that’s expected to produce somewhere between 180 and 200 horsepower by the time it’s launched on the market.

It also features a lot of carbon fibre elements, drive by wire, electronic rider assistance and a new prototype WP suspension for a smooth ride. Thanks to the removal of everything that’s not entirely necessary on a bike, the Superduke R is expected to weight a lot less than the RC8 R bike which already tips the scales at just 200 kg with a full tank.

Wonder what a Tree Cutter feels like

Buy EUR/USD in dips around 1.2915

Panesar's second ten-wicket haul in Tests gave England a huge advantage over India

England ran India ragged in the field on Sunday and stood on the brink of equalizing the series, after turning in commanding performances with the bat and ball at the Wankhede Stadium. Having attained an 86-run lead through record-equaling centuries from Kevin Pietersen and Alastair Cook, England decimated India's second innings via Monty Panesar – inexplicably left out of the Ahmedabad Test – who took out five wickets, and completed ten for the match, in a terrifying spell of left-arm spin bowling in the last session. 

Aston Martin DBS Carbon Edition

There are just a few cars in the world that are worth being thankful for and the Aston Martin DBS is definitely one of 'em. It's one of the most stunning cars you could think of, yet the guys at Wheelsandmore have managed to make it even better, presenting their "Carbon Edition" of the wonderful DBS.These tuners from Germany refined the car's looks with a new set of wheels, a suspension upgrade, a couple of styling tweaks and they've also added more horses to the car's total power output. They've installed F1 sport air filters, a catalytic converters neutralization kit and a brand new flap controlled exhaust system, raising the power output of this supercar to 557 HP, 40 horsepower and 90 Nm of torque more than the normal DBS.

The Euro Held Steady

The euro held steady against the dollar around 1.2884, within Friday's three-week high of 1.2899. Asian markets rallied, buoyed by signs of an improvement in manufacturing from China and the eurozone. German IFO business climate and core consumer price index in Canada are the major market movers.

EURUSD
Resistance is seen around 1.2935 level. A break and close above that level targets 1.3020, alternative a close below 1.2850 targets 1.2805.

FREE Trading Signal: EUR/USD

EUR/USD Trading range: 1.2870 – 1.2970 Trend: Upward Buy at 1.2883 SL 1.2851 TP 1.2960

FREE: EUR/USD Trading Signal

EUR/USD intraday: bullish bias above 1.282. Pivot: 1.282 Our preference: Long positions above 1.282 with targets @ 1.29 & 1.292 in extension. Alternative scenario: Below 1.282 look for further downside with 1.2795 & 1.2765 as targets. Comment: the pair stands above its new support and remains on the upside.

Race 2 - Official Film Trailer - Upcoming Bollywood Movie

Sit back and enjoy the official trailer of Hindi movie Race 2.

Releasing in theaters 25th January 2013

 

Movie Directed By: Abbas-Mustan

Produced By: Ramesh S. Taurani

Starcast: Saif Ali Khan, Deepika Padukone, John Abraham, Jacqueline Fernandez, Anil Kapoor & Ameesha Patel.

USD/JPY Uptrend Limited By 81.6 Resistance

The single currency remains glued to the psychological support/resistance at 1.2800 on Tuesday, as Fed's B.Bernanke is giving his speech. Bernanke has emphasized that the 'fiscal cliff' poses a significant threat to the US economy, adding at the same time that the Federal budget edges to unsustainable levels. He also remarked that the recovery of he housing sector remains moderate and the labor market evidences some sluggishness. He later affirmed that the Fed would see a sustainable recovery before any rate hike.

FREE Trading Signal: GBP/USD

SELL GBP/USD 1.5833 take profit 1.5813 stoploss 1.5863 ADVICE : SIDEWAYS MARKET AHEAD SIGNAL VALID FROM 6.00 GMT - 18.00 GMT

FREE Trading Signal

EUR/USD intraday: rebound. Pivot: 1.2675. Our preference: LONG positions above 1.2675 with 1.2735 & 1.2755 in sight. Alternative scenario: The downside penetration of 1.2675 will call for 1.2655 & 1.2635. Comment: the pair has validated a falling wedge and should post further advance.

FREE Trading Signal: EUR/USD

EUR/USD Trading range: 1.2705 – 1.2600 Trend: Downward Sell at 1.2691 SL 1.2723 TP 1.2614

Euro zone number one worry for WEF delegates in Dubai

 The prospect of the euro zone breaking up is the main fear among the experts assembled in Dubai for the World Economic Forum's global agenda councils.

On the rising fears over the euro zone, Daniel Gros, the director of the Centre for European Policy Studies, said: "In early summer the heads of EU governments finally acknowledged that fiscal adjustment and structural reforms alone are not enough to establish market confidence."

In one of the opening day's discussions, Gordon Brown, the former British prime minister and now a United Nations special envoy for global education, said: "I'd like to change the old saying of US presidents to 'it's the global economy, stupid'."

"Such a shift in priorities among members surveyed suggests that experts now contemplate a considerable political as well as financial fallout from the crisis, as euro-zone countries struggle to keep public debt levels in check," said the WEF.

EUR/USD medium-term outlook remains lower – Wells Fargo

"FX positioning and technicals both offer scope for euro declines, and we see a weaker euro outlook over both the near and medium-term".

 

Technically, EUR/USD has broken below 200-day MA support at $1.2826, says Wells Fargo. "The next downside targets are prior lows at $1.2466, $1.2242, and $1.2134 (all August lows), and eventually $1.2043 (July low)".

 

There are layers of resistance from prior highs at $1.3140 (October), $1.3172 (September), $1.3284(May), $1.3386 (March) and $1.3487 (February), according to the analysts.

EUR/USD stabilizes around 1.2710

The research team of the Australian bank Westpac assessed “the delay in the decision on Greece’s loan tranche is chipping away at EUR, with Eurozone Q3 GDP likely to add to the gloom. We now doubt the pair will recapture 1.30, seeing risks growing of a substantial decline into year-end”.

 

The cross is now unchanged at 1.2713 facing the next resistance at 1.2739 (high Nov.12) ahead of 1.2791 (high Nov.9) then 1.2800 (psychological level) and finally 1.2820 (MA200d). 

On the downside, a break below 1.2690 (low Nov.9) would aim to 1.2627 (low Sep.7) then 1.2607 (50% of 1.2042-1.3172) and the psychological level at 1.2600.

Eurogroup talks get underway: EUR/USD steady

The euro was steady just above a two-month low against the U.S. dollar on Monday, as euro zone finance ministers began talks in Brussels on whether to release Greece's next tranche of bailout aid.

EUR/USD hit 1.2739 during U.S. morning trade, the session high; the pair subsequently consolidated at 1.2719, inching up 0.07%.

The pair was likely to find near-term support at 1.2689, Friday's low and a two-month low and resistance at 1.2789, Friday's high.

The euro found support after Greece's government approved a budget of spending cuts and tax increases for 2013 late Sunday, just days after the parliament passed a EUR13.5 billion austerity package required to secure the country's next installment of financial aid.

EUR/USD at 1.18 for end of 2013 Q1

Toronto based analysts for TD Securities have forecasted EUR/USD to be at 1.18 by end of first quarter in 2013, while USD/JPY at 80, GBP/USD at 1.55, and AUD/USD at 1.04, a recent research note shows.

 

So, while bullish overall in USD in the mid term as EUR/USD counts for 60% of USD index, they have a flat stance for Aussie, with a less bearish view for Cable, as they see it at same price than today for end of year 2012.

US Fiscal Cliff And European Debt Crisis Focus Of Attention

 With the U.S. elections behind us, the situation in Europe and the American fiscal cliff are now front and centre in investors' minds. European Central Bank (ECB) President Mario Draghi stated yesterday that the economic situation on the Old Continent was deteriorating and that the ECB was prepared to take action on markets. We are therefore carefully monitoring developments in credit spreads in Spain and Italy, which have been widening over the past few trading days.

 

Fears surrounding the U.S. fiscal cliff could continue to serve as a pretext for additional profit-taking over the coming weeks. Although politicians will probably come up with a last-minute solution, it does increase fears for a return to recession for the U.S. economy. This increased risk aversion is weighing heavily on U.S. equities, the loonie and crude prices, which are down 4%, 2% and 8% respectively since the start of the fourth quarter.

EUR/USD: Outlook for the week ahead

 The EUR crosses remain quite heavy overall, with EUR/JPY definitely turning bearish and EUR/GBP also losing its bullish momentum, and this sentiment is making it hard for the EUR/USD to make any significant bounces. More losses look possible from a technical perspective, but remember that this pair has been entrenched in range-trading mode so the market is lacking confidence and therefore we will see nasty dips and spikes against the short-term trend. Overall, I prefer the sell-rally strategy here but we could be trading 1.24/1.30 for the rest of the year.

EUR/USD opens above 1.27; 'fiscal cliff' in focus

 The EUR/USD closed lower for a third straight week on Friday around 1.2710 and spot opens Asia virtually unchanged beneath a key 38.2% retracement level at 1.2740. A descending trend line at 1.2680 is supporting price in the short term. 

"Having tested 1.2689 on Friday, break below that level would open doors for a test of next Fibo support around 1.2610," says Valeria Bednarik, Chief Analyst at FXstreet.com. The analyst also identifies the 1.2740 area as potential resistance (38.2%, 1.2040 /1.3170), with the 100-day EMA (today at 1.2785) likely to attract offers above there. 

The U.S. dollar has advanced 2.4% against the euro since Oct 21, primary on the back of safe haven bids leading up to last week's U.S. election, and now attention quickly shifts to the 'fiscal cliff' - investors are likely to continue to seek safe haven refuge in anticipation of complex fiscal and budgetary negotiations between lawmakers on Capitol Hill needed to keep the American economy from sliding back into recession.

You can't help getting older, but you don't have to get old

A famous quote by George Burns: "You can't help getting older, but you don't have to get old"

George Burns, born Naftaly Birnbaum, was an American comedian, actor, and writer. He was one of the few entertainers whose career successfully spanned vaudeville, film, radio, and television.

You can't help getting older, but you don't have to get old

A famous quote by George Burns: "You can't help getting older, but you don't have to get old"

George Burns, born Naftaly Birnbaum, was an American comedian, actor, and writer. He was one of the few entertainers whose career successfully spanned vaudeville, film, radio, and television.

Arianny's Halloween Looked Fun

UFC ring girl Arianny Celeste did a Halloween themed photoshoot for something or other. More girls should dress like this for Halloween. "Just in lingerie?" Yes, just in lingerie. She even looks hot lying there on the ground with blood coming out of her mouth.

Bérénice Marlohe - Skyfall's superhot Bond girl will leave you both shaken and stirred

Skyfall is the twenty-third spy film in the James Bond series, produced by Eon Productions and distributed by MGM and Sony Pictures Entertainment.

USD/JPY Heading Down Towards 79

Dollar/Yen continued decreasing with almost 70 pips. The currency couple depreciated from 80.00 to 79.31 yesterday, matching the negative money flow sentiment at under -14%, closing the day at 79.46. This morning the Dollar weakened further against the Yen, dropping down to 79.07. On the 1 hour chart the upward channel is turning into range trading, while on the 3 hour chart quotes returned into the wide trading range. Break above yesterday’s top and nearest resistance 80.00 would encourage further recovery of the Dollar. Immediate support is today’s bottom at 79.07, and consistent break bellow it could strengthen the Yen further down towards next target 78.20.

FREE Trading Signal EUR/USD

EUR/USD intraday: under pressure. Pivot: 1.2810. Our preference: SHORT positions below 1.281 with 1.273 & 1.269 as next targets. Alternative scenario: The upside breakout of 1.281 will open the way to 1.284 & 1.2875. Comment: the pair is under pressure and is challenging its support.

GBP/USD moves sideways between 1.5913 and 1.6178

GBPUSD moves sideways in a range between 1.5913 and 1.6178. Another fall to test 1.5913 support would likely be seen, a breakdown below this level will signal resumption of the downtrend from 1.6309, then deeper decline to 1.2800 area could be expected. However, as long as 1.5913 support holds, the fall from 1.6174 would possibly be correction of the uptrend from 1.5913, and another rise towards 1.6309 is still possible. Resistance is at 1.6050, a break above this level will suggest that a cycle bottom is being formed on 4-hour chart, then further rise to re-test 1.6178 resistance could be seen.

FREE Trading Signal: EUR/USD

EUR/USD intraday: under pressure. Pivot: 1.2810. Our preference: SHORT positions below 1.281 with 1.277 & 1.275 in sight. Alternative scenario: The upside penetration of 1.281 will call for 1.284 & 1.286. Comment: the pair remains under pressure but is challenging its bearish channel upper boundary.

If Obama Is Re-elected, This Investment Will Explode

As the battle the U.S. Presidency nears its conclusion, the world's economy is at a standstill - just waiting to explode. Smart investors have been quietly removing their cash from the stock market and placing it into other investments not directly tied to the outcome of this election cycle. However, like most average investors, you are probably unaware of the most profitable "hidden opportunity" of this current global financial crisis. This investment is set to be a nuclear explosion of wealth, focused exclusively on one specific micro-niche asset class. It is true that millionaires - and even billionaires - could be created overnight. The micro-niche asset I am referring to is at the equivalent of a $35 billion market cap. When it is detonated, it will explode to a $3.5 TRILLION. That is a 10,000% increase. This is the investment opportunity of five lifetimes. It has never happened before at this level. I'm sure that we will never see it happen again.

FREE Trading Signail: EUR/USD

EUR/USD Trading range: 1.2855 – 1.2750 Trend: Downward Sell at 1.2841 SL 1.2873 TP 1.2764

EUR/USD At Two Month Low After US Jobs Data

On Friday Euro/Dollar decreased with 125 pips. The European currency appreciated from 1.2947 to 1.2820 on Friday, matching the negative money flow sentiment at bellow -21%, closing the week at 1.2835. This morning the Euro extended losses even further, reaching down to 1.2913.
On the 1 hour chart quotes are testing the lower limit of the trading range, while on the 3 hour chart the upward channel is still on hold. Break above the nearest resistance and Friday's top at 1.2947 may trigger further strengthening of the Euro. Going bellow today's bottom and first support at 1.2913, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2700.

iPad Mini is here - Every inch an iPad

Everything you love about iPad — the beautiful screen, fast and fluid performance, FaceTime and iSight cameras, thousands of amazing apps, 10-hour battery life — is everything you'll love about iPad mini too. And you can hold it in one hand.

USD/JPY is facing 80.37 resistance

USD/JPY is facing 80.37 previous high resistance, a break above this level will indicate that the uptrend from 77.43 has resumed, then further rise towards 82.00 could be expected. Support remains at the lower line of the price channel on 4-hour chart, only a clear break below the channel support will suggest that lengthier consolidation of the uptrend from 77.43 is underway, then range trading between 79.27 and 80.37 could be seen.