FXstreet.com Live Sessions Archives

MONTHLY WEBINAR: Working With Fibonacci

Expert:  Mark De La Paz, Instructor at FX Instructor
Moderator: Vicky Ferrer

Summary:

Among the most powerful tools in a technicians arsenal is Fibonacci analysis. Learn how technicians came up with the different Fibonacci tools, consider the purpose behind their development and use these in real market conditions.

Forex Swing Trading With Supply and Demand Analysis

Expert: Sam Seiden, Stocks and Commodities Instructor, Author and Mentor at Online Trading Academy
Moderator: Maud Gilson, Conference Manager

Summary:

During this session, we will quantify the supply and demand equation in many Forex markets to identify low risk, high reward trading opportunities live during this session.

Summertime Trading

Expert: Adam Rosen, CEO and Co-Founder at 4xLounge
Moderator: Maud Gilson, Conference Manager

Summary:

As we enter the slow and sometimes erratic summer trading environment, we will discuss various trading techniques and points of interest that may help us make the most out of the current fx trends.

US CPI Live Coverage

US CPI Live Coverage with Valeria Bednarik

(05/19/2010)

  

Close

1:14	FXstreet.com:  Information and opinions contained in this live coverage session are for educational purposes only and do not constitute trading recommendations. Wednesday May 19, 2010 1:14 FXstreet.com

1:14

FXstreet.com:  Trading OTC Forex on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange or futures you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange and futures trading, and seek advice from an independent financial advisor if you have any doubts. Wednesday May 19, 2010 1:14 FXstreet.com

1:15

FXstreet.com:  Good morning, good afternoon and good evening to everyone all over the world. Today's U.S. Consumer Price Index Live Coverage is going to start shortly. I am pleased to introduce Valeria Bednarik who is going to take part in this live event today as a co-presenter. She will be giving us a direct picture for the market status. Wednesday May 19, 2010 1:15 FXstreet.com

1:15

FXstreet.com:  Valeria Bednarik has been an active Forex trader for the last 5 years, specializing in the International Foreign Exchange Market. She also graduates in the Universidad Catolica del Salvador, in Argentina, as a Public Account, specializing in financials and cost managements. Wednesday May 19, 2010 1:15 FXstreet.com

1:16	FXstreet.com:  She currently works as chief analyst for Fxstreet.com, and trough her own company, manages an important clients portfolio for Fxsolutions, also training new traders around the word. Wednesday May 19, 2010 1:16 FXstreet.com

1:17	Valeria Bednarik:  Hi everyone, and welcome to this live coverage! Wednesday May 19, 2010 1:17 Valeria Bednarik

1:17	FXstreet.com:  Hi Valeria welciome back to live coverage. Wednesday May 19, 2010 1:17 FXstreet.com

1:17	Valeria Bednarik:  As always my pleasure to be here with you and Fxstreet.com team! Wednesday May 19, 2010 1:17 Valeria Bednarik

1:18	Valeria Bednarik:  We are waiting for the macro data of the day, US CPI and at the same time CAD Wholesales inventories, with majors in extreme oversold levels against greenback Wednesday May 19, 2010 1:18 Valeria Bednarik

1:19	Valeria Bednarik:  Just before starting, dollar jumped down strongly as market realized that German ban of short sell bonds will be limited not as worse as it was understood yesterday. Wednesday May 19, 2010 1:19 Valeria Bednarik

1:19	[Comment From RAJURAJU: ]  GOLD TREND Wednesday May 19, 2010 1:19 RAJU

1:20	Wednesday May 19, 2010 1:20

1:21

Valeria Bednarik:  Gold has been in a strong bullish trend lately, reaching a fresh high around 1250. Currently pair approaching to the 38.2% retracement of the last bullish rally from 1124 to mentioend 1250, exactly at 1202. I will expect further downside in gold, if 1202 gives up, probably heading towards 1182/86 area. Wednesday May 19, 2010 1:21 Valeria Bednarik

1:22	Valeria Bednarik:  If current level holds, above 1213 gold could resume bullish trend and approach intraday yo 1222/26 zone Wednesday May 19, 2010 1:22 Valeria Bednarik

1:22	[Comment From ElvirElvir: ]  Hi Valeria, what is your prediction for US CPI? Thanks, Wednesday May 19, 2010 1:22 Elvir

1:23	Valeria Bednarik:  After yesterday's PPI readings under expectations, I believe we could see also a worse than expected reading in CPI. previous month was 0.1% and market expects a 0.2% now, while Core is expected at 0.1% from 0.0% Wednesday May 19, 2010 1:23 Valeria Bednarik

1:23	[Comment From glen from indonesiaglen from indonesia: ]  Hello Val, what do you think for GBP/JPY, why still down trend Wednesday May 19, 2010 1:23 glen from indonesia

1:23	Wednesday May 19, 2010 1:23

1:25	Valeria Bednarik:  Pair is strongly rebounding right now from 129.80 area, past May 5th low, forming a probable double bottom there, Wednesday May 19, 2010 1:25 Valeria Bednarik

1:26

Valeria Bednarik:  news that German ban is not as bad as believed yesterday are increasing slightly risk appetite, thus at this point, could be just corrections after yesterday's fall. GBP/JPY holds a strong bearish tone and only a daily close above 133.10 could revert the bias. Wednesday May 19, 2010 1:26 Valeria Bednarik

1:26	[Comment From GuestGuest: ]  How do you see EURJPY Wednesday May 19, 2010 1:26 Guest

1:26	Wednesday May 19, 2010 1:26

1:28

Valeria Bednarik:  Pair has just also spike back above 112,00, quoting now around 112.30; if corrective movement manages to extend above 112.60, next resistances come at 113.20 and 113.80, while longer term bias remains bearish as long as under 115.50. Supports now are located at 111.60 110.80 and 110 area Wednesday May 19, 2010 1:28 Valeria Bednarik

1:28	[Comment From SenthilSenthil: ]  Hi Valeria what is you predication of AUD ? Wednesday May 19, 2010 1:28 Senthil

1:28	Wednesday May 19, 2010 1:28

1:30

Valeria Bednarik:  Several info cames form weekly charts in the pair. as you can see I have market the 0.8580 area: is the neeckline of a double roof; pair has break under it, and attempt to regain it several times today, still unable to do so. I see a quite huge support at the 0.8380 area, a Fibo level, also in the weekly chart. A daily close under it should signal further mid term falls. Short term, pair is extremelly oversold, and we could see some corrections with immediate resistances at 0.8480 0.8530 and 0.8580 area Wednesday May 19, 2010 1:30 Valeria Bednarik

1:31	Valeria Bednarik:  Data is already here, as comment above, negative! Wednesday May 19, 2010 1:31 Valeria Bednarik

1:32	Valeria Bednarik:  That should be dollar negative as it dull the chance of a rate hike in the US. Probably a good excuse to see some dollar bearish corrections today. Wednesday May 19, 2010 1:32 Valeria Bednarik

1:32	[Comment From LeoLeo: ]  hi, whats the expectation on USD/JPY Wednesday May 19, 2010 1:32 Leo

1:32	Wednesday May 19, 2010 1:32

1:33

Valeria Bednarik:  Tight now, pair is struggling with 91.60, 100 SMA in the daily chart in general pair has a bearish tone, as risk aversion keeps ruling market and after breaking the base of past weeks range. under 91.20 supports come at 90.70 and 90.30 zone. Wednesday May 19, 2010 1:33 Valeria Bednarik

1:34	Valeria Bednarik:  I dont see the pair regaining the upside in the short term. above 91.70 intraday pair could extend to 92.10/30 area but not much more. Wednesday May 19, 2010 1:34 Valeria Bednarik

1:34	[Comment From manomano: ]  any predictions for eur usd Wednesday May 19, 2010 1:34 mano

1:35

Valeria Bednarik:  Regardin Euro, pair has apporached to 1.2130, that represents the 50% retracement of a Fibonacci rally, measured from the 0.82 all time low, to the 1.60 all time high; many eyes are focus on that level as an inflection point for the pair, yet as for my technical analysis I see stronger support just a bit under it, around 1.2110, really not much more difference, but anyway, if the pair lose this last, 1.2065 is next support area, followed by 1.2000 zone for today. Wednesday May 19, 2010 1:35 Valeria Bednarik

1:36

Valeria Bednarik:  However, we are nos above 1.2230 that has been capping the upside for the past 2 sessions. Pair tested 1.2280 and above it, maybe rally short term talking could extend close to 1.2330 zone. Still is too early to call for a bottom and a long term bullish correction. Pair will need a daily close above 1.2460 or so, to signal that. Wednesday May 19, 2010 1:36 Valeria Bednarik

1:36	[Comment From ScottScott: ]  Hi Valeria, thank you for your time today! What do you see for the AUDUSD & AUDJPY? Wednesday May 19, 2010 1:36 Scott

1:39

Valeria Bednarik:  Regarding AUD/USD, comments are already above; in what it has to do with AUD/JPY, oair is retreating strongly form the 76.00 level, a huge support that if gives up, likely signal a strong downside continuation long term talking. However, as all yen crosses remains mostly bearish; now at 77.50, pair needs to regain 78 area to lose current bearish tone, and maybe extend rally close to 78.80. Supports now are at 77.00, and 76.00/20 zone. Wednesday May 19, 2010 1:39 Valeria Bednarik

1:39	[Comment From ADXADX: ]  near term supports and resi for crude oil...tks Wednesday May 19, 2010 1:39 ADX

1:40	Valeria Bednarik:  supports for oil are at 71.40, 70.60 and then 69.80. Resistances 73,00 area, 73.80 and 75.00 Wednesday May 19, 2010 1:40 Valeria Bednarik

1:40	[Comment From GuestGuest: ]  valeria, what do you think of pound/us. I am thinking of shorting it now. Wednesday May 19, 2010 1:40 Guest

1:41	Wednesday May 19, 2010 1:41

1:43

Valeria Bednarik:  Pound has set a fresh low today, barely under previous 1.4250 one; both lows and current recovery could be a double floor still too early to care; pair is trying to regain 1.4310720 resistance level, if it does, could extend first to 1.4360 and later an approach to 1.44 area, thus if we start falling again, under 1.4260 or so, I would expect the pair to approach to 1.4200. As for euro and aussie, long term bias remains strongly bearish, while intraday or short term talking, we could see some limited upside corrrections. Wednesday May 19, 2010 1:43 Valeria Bednarik

1:43	[Comment From mariyappanmariyappan: ]  what about eur/usd Wednesday May 19, 2010 1:43 mariyappan

1:43	Valeria Bednarik:  Already comment, please take a look above. unless we overcome 1.2280 short term, and 1.2460 mid term, pair remaisn bearish Wednesday May 19, 2010 1:43 Valeria Bednarik

1:44	[Comment From RAJURAJU: ]  SILVER TREND Wednesday May 19, 2010 1:44 RAJU

1:44	Valeria Bednarik:  sorry Raju, I don't follow silver. Wednesday May 19, 2010 1:44 Valeria Bednarik

1:44	[Comment From GuestGuest: ]  high CPI will affect Fed policy??? Wednesday May 19, 2010 1:44 Guest

1:45	Valeria Bednarik:  well a high cpi reading should signal a rate hike. Data was worse than expected and even more, negative; adding to that current unemployment levels in the US, seems a rate hike is far, far away at this point. Wednesday May 19, 2010 1:45 Valeria Bednarik

1:45	[Comment From thomasthomas: ]  do you think the usdjpy remain bullish? what is the support and resistance level. Wednesday May 19, 2010 1:45 thomas

1:46

Valeria Bednarik:  As comment above, no, the pair is mostly bearish, after losing 92.35 area, thus I don't discard a correction to such levels intraday talking. Longer term, pair really needs to overcome and consolidate above 94 to return to it's previous bullish trend. Wednesday May 19, 2010 1:46 Valeria Bednarik

1:46	[Comment From MaximusMaximus: ]  We're heading toward 1.2 nett for the EUR/USD pair if the current issue in Europe isn't going to be rectified... Wednesday May 19, 2010 1:46 Maximus

1:47	Valeria Bednarik:  In fact, pair could adress even lower than that, mid term talking if 1.2100 area gives up. That does not mean movement will be straight to the downside. Wednesday May 19, 2010 1:47 Valeria Bednarik

1:48	Valeria Bednarik:  Seems more than 1 think is taking place right now in markets. EUR7CHF jumped 100 pips to the upside, could be some intervention movement form SNB Wednesday May 19, 2010 1:48 Valeria Bednarik

1:48	[Comment From MaximusMaximus: ]  It doesn't augur well for the Euro and at the same time, it'll hurt the American exports as well... Wednesday May 19, 2010 1:48 Maximus

1:50	Valeria Bednarik:  Yes you have a point there. General euro zone situation is bad maybe worse than american at this point, and that's why dollar gain strongly these days, but not because US is in it's best shape. Wednesday May 19, 2010 1:50 Valeria Bednarik

1:50	[Comment From DaveDave: ]  How gold looking Wednesday May 19, 2010 1:50 Dave

1:50	[Comment From petrickpetrick: ]  Hi Valeria, can you ive me your view on xau/usd?? Wednesday May 19, 2010 1:50 petrick

1:51	Valeria Bednarik:  As comment above, gold has the 38.2% retracement of past bulish daily rally around 1202, and seems to be rebounding from that level. Wednesday May 19, 2010 1:51 Valeria Bednarik

1:51	Valeria Bednarik:  I will expect further downside in gold, if 1202 gives up, probably heading towards 1182/86 area, but if current level holds, above 1213 gold could resume bullish trend and approach intraday yo 1222/26 zone Wednesday May 19, 2010 1:51 Valeria Bednarik

1:52	[Comment From GuestGuest: ]  where do u see gbpjpy going by next wk? Wednesday May 19, 2010 1:52 Guest

1:53

Valeria Bednarik:  That will depend on how its ends this one. As long as under 1.4500, pair is mid term bearish, heading towards 1.4000 strong support area; short term talking pair is now tring to overcome 1.4310/20 resistance area, as comment above, that should trigger further upsdie corrective movements towards 1.4360 area, if it manages to hold above this levels. Wednesday May 19, 2010 1:53 Valeria Bednarik

1:53	[Comment From KentKent: ]  How do you think about AUD/JPY? Wednesday May 19, 2010 1:53 Kent

1:54

Valeria Bednarik:  As comment above pair is reboundingstrongly form the 76.00 level, a huge support that if gives up, likely signal a strong downside continuation long term talking. However, as all yen crosses remains mostly bearish; now at 77.80, pair needs to regain 78 area to lose current bearish tone, and maybe extend rally close to 78.80. Supports now are at 77.00, and 76.00/20 zone Wednesday May 19, 2010 1:54 Valeria Bednarik

1:55	[Comment From GuestGuest: ]  Hi valeria, wat do you think of eur/jyp is it a gd time to short ? Wednesday May 19, 2010 1:55 Guest

1:56	Wednesday May 19, 2010 1:56

1:56	Valeria Bednarik:  i believe intraday we could see further upside in the pair, so is not the best take for me. At this point, current rally could extend to 113.60/80 area before halting the rally Wednesday May 19, 2010 1:56 Valeria Bednarik

1:56	[Comment From angeloangelo: ]  Hello,,,I wander if the target for eur usd today is 1.246 and I think that it's strong to breake this point...Isn't it? Wednesday May 19, 2010 1:56 angelo

1:57	Valeria Bednarik:  Hi Angelo, yes is a very strong point, but seems a bit far away now. Pair needs first to overcome 1.2330 and then 1.2380 area, to confirm a continuation rally. Wednesday May 19, 2010 1:57 Valeria Bednarik

1:57	[Comment From timtim: ]  Do you think it is possible to see euro at 100yen? Wednesday May 19, 2010 1:57 tim

1:58	Valeria Bednarik:  Everything is posible.. the question is when... I can't see that level anytime soon my friend, Wednesday May 19, 2010 1:58 Valeria Bednarik

1:58	[Comment From LeoLeo: ]  what effect do u think the JAP GDP news tmr will have effect on USD?JPY? Wednesday May 19, 2010 1:58 Leo

1:58	Valeria Bednarik:  Japan news barely affect the market usually, so probably no much effect. Wednesday May 19, 2010 1:58 Valeria Bednarik

2:00	FXstreet.com:  We have just 10 mnutes left. If you have any questions related to the Forex market, please do not hesitate to ask Valeria. Wednesday May 19, 2010 2:00 FXstreet.com

2:00	[Comment From GuestGuest: ]  max high for the day for eur? Wednesday May 19, 2010 2:00 Guest

2:00	Valeria Bednarik:  seems a bit too much but tops 1.2420/40 area Wednesday May 19, 2010 2:00 Valeria Bednarik

2:00	[Comment From GuestGuest: ]  Hi Val, wats your view for eur/jyp Wednesday May 19, 2010 2:00 Guest

2:01	Valeria Bednarik:  As comment above, long term bias remains bearish as long as under 115.50, yet short term, we are heading towards 113.60 resitance area now, ahead of 114.20 zone Wednesday May 19, 2010 2:01 Valeria Bednarik

2:01	[Comment From GuestGuest: ]  gbpy is a buy for 135 or short for 128? Wednesday May 19, 2010 2:01 Guest

2:02	Valeria Bednarik:  Well those are no doubts strong long term resistance and support area. but is not just the levle, is how a pair reached it what suggest if the trend is likley ot contniue or not. Wednesday May 19, 2010 2:02 Valeria Bednarik

2:02	[Comment From SanjaySanjay: ]  Do you see EUR/USD making new low today. Wednesday May 19, 2010 2:02 Sanjay

2:03	Valeria Bednarik:  if the pair loses back the 1.2280 level, could run back to daily lows yes. Has just tested 1.2330 resistance area, stil capped under it Wednesday May 19, 2010 2:03 Valeria Bednarik

2:03	[Comment From angeloangelo: ]  thanks Wednesday May 19, 2010 2:03 angelo

2:04	[Comment From ErnestErnest: ]  Hi Valeria, I have been trading upwards trend in GBPJPY for a week now. do you think it will change direction and moves upwards or I should just get out of the trade. Wednesday May 19, 2010 2:04 Ernest

2:06

Valeria Bednarik:  My friend, I can't take your trading decisions for you. You have to ask yourself, what signal do you see to buy the pair, if that signal is still valid, and if you risk capital according to your risk management plan; and the answer of course will depend on where you buy, and many other factors than only you know. Yet if the pair dont regain at least 132.60/80 area quickly, bias remains short there Wednesday May 19, 2010 2:06 Valeria Bednarik

2:06	[Comment From aslamaslam: ]  hi i am aslam from pakistn.i buy the euro when it is 1.52 now it is 1.2330.do u think its break 1.20 level Wednesday May 19, 2010 2:06 aslam

2:08	Valeria Bednarik:  I do believe yes, that's there is still achance of lower lows. Again you must ask and answer yourself, why you took that trade, and if it's worth it to risk a % of your capital holding a position for so long. Wednesday May 19, 2010 2:08 Valeria Bednarik

2:09	[Comment From rezrez: ]  hello valeria what is the pair to trade then in your idea,many thanks love. Wednesday May 19, 2010 2:09 rez

2:10

Valeria Bednarik:  I believe that now, probably will be focusing my attention in Pound if manages to overcome the 1.4360 level, and austrian dollar also, probably heading towards 0.8580 again, thus I will give the market a couple of minutes and take a good look as being here is keeping me out of following 100% the pairs. Wednesday May 19, 2010 2:10 Valeria Bednarik

2:11	FXstreet.com:  Sorry we are short of time today, I have to wrap up the session. Wednesday May 19, 2010 2:11 FXstreet.com

2:11	FXstreet.com:  Thank you Valeria for the great market view!... and every one who has joined the session today. I have had a great time with you. Wednesday May 19, 2010 2:11 FXstreet.com

2:12	Valeria Bednarik:  Sorry, guys times over, I have to go. As usual, it has been great for me being here with you! hope you enjoyed the session as much as I do! . I also hope to see you all back soon in next live coverage. Wednesday May 19, 2010 2:12 Valeria Bednarik

2:12	FXstreet.com:  Valeia, please give us a final word. Wednesday May 19, 2010 2:12 FXstreet.com

2:12	Valeria Bednarik:  Remeber trade what you see, not what you believe, and never forget to protect your trades with stop losses! Seeyou. bye for now. Wednesday May 19, 2010 2:12 Valeria Bednarik

2:13	Valeria Bednarik:  Bye Bye! Wednesday May 19, 2010 2:13 Valeria Bednarik

2:13	[Comment From ErnestErnest: ]  Thanks for your help. Wednesday May 19, 2010 2:13 Ernest

2:13	FXstreet.com:  Alright evey one,, Thank you for coming today! I hope to see you all in the next live coverage. Have a nice trading day! Wednesday May 19, 2010 2:13 FXstreet.com

2:13	[Comment From rezrez: ]  many many thanks love Wednesday May 19, 2010 2:13 rez

2:14	FXstreet.com:  Information and opinions contained in this live coverage session are for educational purposes only and do not constitute trading recommendations. Wednesday May 19, 2010 2:14 FXstreet.com

2:14

FXstreet.com:  Trading OTC Forex on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange or futures you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange and futures trading, and seek advice from an independent financial advisor if you have any doubts. Wednesday May 19, 2010 2:14 FXstreet.com

2:15

 

 

Anticipating the Forex Trends - Part 1: Foundations for Trading Forex

Expert:  Greg Michalowski, Chief Currency and Trading Analyst at FXDD
Moderator: Maud Gilson, Conference Manager

Summary:

Greg Michalowski. Chief Currency Analyst at FXDD, will discuss his forex trading philosophy and ideology, using Metatrader 4 currency software. The introductory webinar - in a series - will build the foundation for trading success in forex through the use of simple technical tools that can be used to help anticipate trends and keep fear to a minimum. Too many traders forget about the foundation needed in order to be a successful forex trader. Don’t make that mistake with your trading. Tune in for an understanding of what you need to do before you even pull the trigger. For seasoned traders, come back for a refresher or new ideas.

The Quarters Theory - Part 2: Practical Applications of a New Forex Trading Method

Expert: Ilian Yotov, FX Strategist and Founder at AllThingsForex
Moderator: Maud Gilson, Conference Manager

Summary:

• Important Price Levels within the Large Quarters
• Analyzing Price Behavior Using the Methodology of The Quarters Theory
• Recognizing Sings of Strength or Weakness
• The 3-Day Rule of The Quarters Theory
• Practical applications of The Quarters Theory methodology in today’s Forex Market and Q&A Discussion

View here the first part!

Pip Movement Ranges for Better Trade Management

Expert: Raghee Horner, Trader and Author at Raghee.com
Moderator: Maud Gilson, Conference Manager

Summary:

Join Raghee Horner as she walks you through PowerStats and discuss the current volatility of the market with the pip movement ranges and learn how to better place you stop loss and profit targets.

Asian Session: Live Market Analysis

Expert: Dr.S.Sivaraman, CEO and owner at i-knowindices.com
Moderator: Maud Gilson, Conference Manager

Summary:

Dr. Sivaraman will review the previous day close levels and calls given in his blog and present expected trading ranges in 4 majors and 2 commodity pairs.