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EUR/USD Tapering Effect

I've posted this chart and analysis of EUR/USD on my linkedin page last week just before the FOMC statement and I would like top post that analysis here as well as this chart as been a great map for those how traded EUR/USD this year.
This is the final update of the famous EUR/USD tapering effect chart which has been providing a great map to trade EUR/USD over the last few months. Last time I spoke about it was here: …
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EUR/USD Fed Taper Effect. Last Update.

Since we're getting close to end for good the "glorious" FED QE program it's time for my last update on the famous EUR/USD Fed Taper Effect that was a good map for providing the direction for EUR/USD since beginning of the year.
You only need to watch the "technical effect" on EUR/USD, without the need to know any other details from Fed monetary policy and their next steps in order for you to be able to trade successfully EUR/USD.
You can find more details of my previous post on this subject her…
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Shalomavahatikvah avatar

Nice analysis, whazzzzuuppp? Long time>

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What to Expect For Non-Farm Payrolls

There is no better way to start the new trading month contest but with such a big risk event like NFP figures.
For sure this is quite a big opportunity to make a quick buck, but we have to take in consideration the downside as well as if you're trading full size your account balance can be wiped out from the first day, if you're using limit orders you may not get a fill and if you're using market orders you can get quite a big slippage.
But no doubt even in this environment you can make money a…
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EUR/USD FED Tapering Effect (part 2)

It's that time again when all eyes will be on FED and US economic data as today we have two important figures scheduled to be release. Not only that we have the FOMC decision as main risk event on top of that we also have the US GDP figures and US employment figures.
Market expectation for this week's FOMC meeting has not changed as QE tapering is on an autopilot and we should expect another $10B taper. The focus will be more on the updated Summary of Economic Projections (SEP) which will g…
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EUR/USD - Fed Tappering Effect

Since I'm already out of the Trader Contest without having any changes to get back in top 10 I just want to take the time and talk a little bit about the main event risk of the week: Fed Monetary Policy Statement
Last time I have talk about this issues was 2 months ago and you can find my blog post here: Fed Taper Effect
Market expectation for this week's FOMC meeting has not changed as QE tapering is on an autopilot and we should expect another $10B taper. The focus will be more on the u…
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FOMC Meeting - Another 10 Billion Taper Possibility

Upcoming week is considered another important week on USD pairs based on the fact that Fed is expected to taper another 10b in next FOMC Meeting as it is quite evident form their previous statements that Fed wants out of the asset purchase business on the belief that tapering is not tightening and even if it was tightening, they could compensate via forward guidance.
Despite recent data from US which strongly support another tapering EURUSD continues to go up and there are no signs yet of a sel…
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From PermaBear EURUSD to Bull EURUSD

Since beginning of the year I've been the permabear guy and I've sold almost every rally, but because I was too biased I just couldn't see the other side of the market. Now, don't get me wrong I've made some decent profits from this shorts but I was expecting for the runner and almost every trade I've made went in profit like 50-100-200 pips but didn't booked profits because I was expecting EUR/USD going much more lower. So, on each of this trade I ended up either at a small loss o…
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Dieselfx avatar
Dieselfx 10 Mar.

at least you can change...and you'll be surprised again ;))

Daytrader21 avatar

Well, that depends on what do you mean by "surprised":) you can elaborate more if you wish

Jignesh avatar
Jignesh 13 Mar.

It's interesting how similar our views are!  I had some 100 pip short trades on EUR turn to 0 as well.  I'm watching the 61.8% retracement from 2011 high @ 1.3826  Unless we get a weekly close below that, or a break of 1.37, there's no reason to be a bear here at these levels in my opinion. 

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Fed Continues to Taper

As expected Fed decided to continue with the current peace of of quantitative easing reduction at 10B/ meeting. In my yesterday blog post I've been highlighting why Fed is going to taper another 10B you can find my last blog post here: FOMC Statement another 10B Taper?
  • Figure 1. FOMC Economists Taper Expectation.
It seems that the recent emerging market turmoil wasn't reason enough for the FED to stop the tapering and Fed decided to continue with the tapering as expected. However I think if …
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rivan avatar
rivan 30 Jan.

soft german unemployment figures :D

Metal_Mind avatar
Metal_Mind 31 Jan.

thanks from keeping me informed. Didn't have time to read this week !!

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Metal_Mind 31 Jan.

I need a special summary at the end of the week!!

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USD/JPY-Bullish dollar backed by taper ?

Charts: 4Hours, 1 Day.
Elements used: Fibonacci Retracements,MACD, EMA 3,5,13,21,50,100,Time Markers.
Current Level : 102.12

USD/JPY after last month reaching an high at (105) level has begin retracing to (102) price level , which lasted most of January.The dollar hited a 1 month low.The current price level hit fibonacci retracement level 38.20%(102.20) and from my point of wiew i think this is the start of the bullish trend. I base my analysis both tehnically but most important
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Metal_Mind 26 Feb.

UPDATE 1: Current price level is 102.35 which is very far from target and fairly looks unrecheble by the end of the month.

Metal_Mind avatar

UPDATE 2: Current deviation is over 250 pips bellow my target.

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NFP NEGATIVE BUT EMPLOYMENT POSITIVE – USDJPY down, why?

Big slip on the NFP figure but impressive improvement/reduction in the unemployment rate – was pretty surprising.
How did you interpret this?
USD bias was Bullish, but disappointing NFP crippled Dollar bullishness. And, JPY was fairly Bearish, however, improved
unemployment suddenly changed it’s bearish outlook into Bullish. This is despite the long term Bearish bias.
Why? I wondered.
Then I understood the connection – improved employment in US is a big push for US to not only be firmer on their…
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Daytrader21 avatar

The fact that we had such a big miss in the nonfarm payrolls numbers was reason enough for the dollar to sell off. With the equity market is a win-win situation no matter what the numbers is because bad numbers translate into postponed further QE cut and if good NFP number also good for the market.

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