Unemployment makes all my Analysis Otherwise (EurUsd review )

Huge fighting yesterday night, i try to hold with short until the price reach the bottom trendline, unfortunately im misslook the Unemployment claim @ 9.30 gmt 8 ( kuala lumpur ). The actual result is "467K".

I assume this data makes my order hit my stop loss ;). Fuck U fundamental hahaha

EurUsd Shi Channel Setup

Ranging market always make trader suffer to make the decision. Usually for this case 1st tips is marked the support and resistance level, draw the trendline, draw the channel, and zoom out your chart. Basically it will show you a clear trend and situation especially where to tackle breakout area.

For now EU still consolidate, but the major movement is bearish bias.

According to the SHI channel, price playing at median line and will try to reach the bottom line. Together we wait and see.

Dollar Ends '09 Win Streak

The dollar retreated against the euro, the yen and the pound as concern flared about the U.S. economy, but the greenback clawed back losses as stock markets crumbled.

Wednesday marked the dollar's first losing session in 2009, snapping a five-day winning streak against the yen and three days of gains versus the euro.

The greenback had fallen against most rivals in overnight trading, stung by the bleak outlook on the U.S. economy shown Tuesday in the minutes of the December meeting of the policy-setting Federal Open Market Committee.

Foreign Exchange Data

The dollar's slide accelerated after a report by payroll company Automatic Data Processing Inc. and consultancy Macroeconomic Advisers indicated private-sector job losses of 693,000 in December, a far larger decline than expected by analysts.

A slump in U.S. equities coincided with the dollar's partial recovery, said analysts.

Late afternoon in New York, the euro was at $1.3630, up from $1.3522 late Tuesday. The dollar was at 92.66 yen, down from 93.85 yen, while the euro traded at 126.30 yen, off from 126.91 yen. The pound traded at $1.5110, up from $1.4956, and the dollar was at 1.1016 Swiss francs, below 1.1143 francs late Tuesday.

"Although [the dollar] already was in retreat thanks to the FOMC minutes and President-elect Obama's musing on the potential for 'trillion dollar deficits for years,' the ADP employment report was another stone-cold dose of sober reality about the U.S. economy that helped cut the legs out from under U.S. stocks at the open and stemmed the recent movement toward higher-risk securities," said a report from David Watt, senior currency strategist at RBC Capital Markets in Toronto.

Economists surveyed by Dow Jones Newswires believe the Labor Department's nonfarm payrolls data will show a loss of about 525,000 jobs in December. Wariness ahead of that report could weigh on the dollar Thursday.

"I think there is a case for a somewhat weaker dollar in the run-up to the nonfarm payrolls report," said Vassili Serebriakov, currency strategist at Wells Fargo Bank in New York.

And while the euro managed to retain a significant portion of it gains, the common currency could prove vulnerable, analysts said.

The euro could be stymied by expectations for continued rate cuts from the European Central Bank, as well as continued deterioration in economic data, said Tyson Wright, at Custom House, a currency-services firm in Victoria, British Columbia, Canada.

—Robert Flint contributed to this article.

this article i copy from wallstreet journal because im a subscriber. Enjoy the share ;)

GBPUSD SHI CHANNEL SETUP

Instrument : GBPUSD
TimeFrame : 1 Hour.


Technical Analysis :

This instrument still moving inside the correction. In technical analysis reading the price for right now is bullish bias ( lower timeframe ) but consolidate at higher tframe especially 4 Hour and Daily.

At this moment quite hard for chartist to expect without any fundamental sentiment. But market can be anything.

My advise wait until this pair end the correction. And focus with Major trend ( bearish bias ).

EurJpy Review

Hi my last post was describe about EurJpy movement. At that moment im satisfied with my analysis becauase EJ move up around 100 pip ++ . Unfortunately it wasnt reach 161.8 fibonacci Expansion target and EJ simple turn back and i assume as retracement.

By the way. For right now its not good to swing. Better play safe for being time until this pair end the correction.

Good Evening EurJpy

Hi this is my first analysis for this year, i begin with EURJPY timefame 4hour. In my view at 1 hour timeframe EJ try to complete the correction before trigger the wave C or 3.

my opinion is Bullish bias but there is one hard resistance mebbi could be an obstacle for this pair to breakout.

by the way i will stick with my analysis untill the price reach the floor price.