| BoE and ECB Interest Rates decision Live Coverage with Valeria Bednarik | (10/08/2009) |
| 11:45 | FXstreet.com: Information and opinions contained in this live coverage session are for educational purposes only and do not constitute trading recommendations.
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| 11:45 | 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. |
| 11:45 | FXstreet.com: Good morning, good afternoon and good evening to everyone all over the world. Today's BoE and ECB Interest Rates Decisions Live Coverage will start in 10 minutes. I am really happy to introduce Valeria Bednarik, who is going to take part in this live event today as a presenter. She will be giving us a direct picture fo the market status. |
| 11:46 | FXstreet.com: Valeria Bednarik has been an active Forex trader for the last 4 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. She currently manages an important clients portfolio for IFX Markets, Boston and is senior trader manager at Molfx-Management; besides she works training new traders with Trader College LLC specializing in technical analysis, for the English speaking community.
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| 11:46 | Valeria Bednarik: Hi everybody, and welcome to this live coverage! As usual, is a pleasure to be with you all here today!.
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| 11:47 | FXstreet.com: Valeria Bednarik has been an active Forex trader for the last 4 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. She currently manages an important clients portfolio for IFX Markets, Boston and is senior trader manager at Molfx-Management; besides she works training new traders with Trader College LLC specializing in technical analysis, for the English speaking community.
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| 11:47 | FXstreet.com: Valeria will be one of the speakers at the FXstreet.com International Traders Conference in Barcelona, Spain(Oct 14 to 16). |
| 11:47 | Valeria Bednarik: We are waiting for both central banks to kkep things pretty unchanged; no more QE, no rates cuts or hikes; however, havinf a week dollar as we do, across the board, seems likely majors will extend the upside. Lets see if we can define the key points. |
| 11:47 | [Comment From Imran]
Hi, what r the expectations |
| 11:48 | [Comment From dag]
Hi Val |
| 11:48 | Will the BoE cut the bench mark interest rate?Yes, the BoE will cut it by 25bps to 0.25%. Yes the BoE will cut it by 50bps to Zero. No, the BoE will rather hold the ongoing rate. No, the BoE will rather hike it by 25bps. No, the BoE will rather hike it by 50bps. |
| 11:49 | Valeria Bednarik: Hi Dag, hi Imram, my expectations are not placed in bank, but in gold and stocks that continue leading the way |
| 11:49 | [Comment From Arun Kandyal]
Hi Val where do you see euro today 1.4850 below 1.4700 |
| 11:50 | Valeria Bednarik: Hi Arun! just arrived to spain, the fact is that if rates remain unchanged, chances are of a continuation of current upside trend; GBP/USD key level to watch will be the 1.6120 area, while Euro could reach 1.4850 as long as above 1.4720 |
| 11:50 | [Comment From nagalla]
it's nice to see again valeria |
| 11:51 | Valeria Bednarik: tks, nagalla |
| 11:51 | [Comment From nagalla]
what will happen if BOE leaves the rates and QE today? |
| 11:52 | FXstreet.com: Sorry everyone, i have inserted a wrong text. Today only Valeria takes part in the coverage. |
| 11:52 | Valeria Bednarik: Well, Gbp remains more weak than any other major against greenback, so as posted above 1.6120 resistance area , close in fact... should be key: confirmations above that level could open doors for more bullish rise in there |
| 11:52 | [Comment From Imran]
so wat abt GOLD |
| 11:53 | Valeria Bednarik: Gold is an historical high, and continues pushing higher; that's one of the main reasons dollar remains under extra pressure. As long as gold remains above previous 1031 previous high, dollar has little chances to extend a rally |
| 11:53 | [Comment From KISHORE]
HI WHERE DO U SEE EURO AFTER ECB INTREST RATE |
| 11:54 | Valeria Bednarik: Hi Kishore, more likely to the upside; i usually wait at least a 15 minutes candle close to define where daily trend will take us |
| 11:54 | [Comment From sSs]
any body tells about the resistance and support of eurousd |
| 11:55 | Valeria Bednarik: eur/USd first support, not that strong, comes at 1.4735 area; under that, key level to watch to the downside will be the 1.4680 zone. Resistances are at 1.4786, and 1.4840 previous yearly high |
| 11:56 | Valeria Bednarik: Above that level, chances of an upside movement to the 1.4920 area become strong |
| 11:56 | [Comment From rocco]
would u conisder gold at now a tech breakout day since its broken 1033/44 range? |
| 11:58 | Valeria Bednarik: Yeap, seems so, and seems gold not ready for a downside correction yet; investors continues to push it higher. |
| 11:58 | [Comment From MFX]
Hi Valeria, may be we see weak GBP if BOE increase QE program ? |
| 11:59 | Valeria Bednarik: Gbp, is weak. and no doubts, if they increase the 175B QE Pound will likely fall. Supports there are at 1.6020 and 1.5950 area |
| 11:59 | [Comment From ben]
later in the day we expect us jobless claim report...what is ua views if the rate rise n ecb dicide to keep interest rate on hold...i mean in eur/usd |
| 12:00 | Valeria Bednarik: Unemployment remains as another key dollar negative factor, and pair lilkely to extend gains at least in the short temr. |
| 12:00 | Valeria Bednarik: BOE live rates unchanged |
| 12:01 | FXstreet.com: The BoE has decided to hold the ongoing interest rates at 0.50% |
| 12:02 | Valeria Bednarik: No reaction still in pound, spike higher, but turning down now. watch for 1.6020 support. QE also unchanged |
| 12:02 | [Comment From Imran]
can we any impact on GOLD after the BoE announcement |
| 12:03 | Valeria Bednarik: No, is not that the relationship, as commment at the beginning, gold leads the way |
| 12:03 | [Comment From adish]
if the ecb hikes interest rates what effect will be there on eur/usd |
| 12:03 | Valeria Bednarik: seems quite unlikley, yet no doubts, euro should rise if so due to market sentiment |
| 12:03 | [Comment From John]
Where do you think the decision will send the gbp/jpy cross |
| 12:04 | Valeria Bednarik: pair remains consolidating at the lows, the fact is that we have a double roof there, neck break confirmed... I see more bearish continuation there in fact, despite any intraday movement |
| 12:04 | [Comment From kevin]
Hi Valerie is gold tied more likely to EUR/USD or GBP/USD or AUD/USD |
| 12:05 | Valeria Bednarik: First of all, to AUD, Euro in second term, GBP less likely |
| 12:05 | [Comment From pankaj]
sir,if boc and ecb hold the rates so whats the effect on gbp and euro |
| 12:05 | Valeria Bednarik: well market is being drive my gold and negative dollar sentiment... more than banks decisions... |
| 12:06 | Valeria Bednarik: if they leave rates unchanged, we are going to see some short lived spikes in gbp,but regarding euro, market attention will be on Mr Trichet speech later |
| 12:07 | Valeria Bednarik: Hawkish or Dovish tone there, could define theintraday trend. |
| 12:07 | [Comment From Muzz80]
so u r watching eu/usd at 1.4900 ? |
| 12:08 | Valeria Bednarik: If so, should not last long. many central banks are complaining of the fact, that strong currency rises, eman slow economic recovery. |
| 12:08 | Valeria Bednarik: Of coourse, Mr Trichet never said so.. and seems unlikley he will do it... yet is a chance no doubts. |
| 12:09 | Valeria Bednarik: However, keep in mind that is just an especulative movement, non drive by fundamentals., |
| 12:09 | [Comment From rocco]
where would u put strong support for the pound? |
| 12:10 | Valeria Bednarik: 1.5870 taht's the level to break to see a midterm downside acceleration |
| 12:10 | Valeria Bednarik: short term ones are at 1.6020 1.5960 and 1.5920 |
| 12:10 | [Comment From Muzz80]
what is the your trade stragety today ? |
| 12:11 | Valeria Bednarik: As usual this days, I will wait till market diggest the news, and go with trend... really wait for a break either down or up |
| 12:11 | [Comment From zaphy]
do you expect any effect of the BoE decision on the EUR/USD? |
| 12:11 | Valeria Bednarik: No, has been long since we don't see that. |
| 12:12 | [Comment From A]
What about eur/gbp |
| 12:13 | Valeria Bednarik: well bias is there still bullish.. the fact is that as long as above 0.9080, chances are to the upside.. break above 0.9300, will confirm midterm rises...
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| 12:13 | [Comment From Muzz80]
mam i have bought Cl @ 71.10 what should i do now |
| 12:13 | Valeria Bednarik: Sorry Muzz, not sure to understand your question, what do you buy? |
| 12:14 | [Comment From jr]
i think gold is tried of going more towards north? ur say pls |
| 12:15 | Valeria Bednarik: As long as above 1031 seems so, yes.. the fact is that the pair is also above a 61.8 of a Fibonacci expansion, around 1046. watch that as first support from current price |
| 12:15 | FXstreet.com: I want to know what do you think about the EUR/USD so vote the poll! |
| 12:15 | Has the EUR/USD found a top, before the release of the interest rate decision?Yes - it has reached a temporary top No - It can still go much higher today |
| 12:16 | [Comment From yasir kidwai]
hi u think gbp will cross 1.61 |
| 12:17 | Valeria Bednarik: Hi yasir... not really... the fact is that I see Pound week and have seen it for a long time... as well as as under 1.6110/20 area, seems unlikley to see the pair recovering ground. |
| 12:17 | [Comment From Benjamin]
Hey Valeria. You think pound will trade till 1,5 usd soon ? |
| 12:18 | Valeria Bednarik: Watch for a daily close under key 1.5870. That will increasechances to the downside, yet seems a bit to much 1.50.. maybe closer to 1.53 |
| 12:18 | [Comment From pepa]
if GBP/USD breaks 1.6120 what is the next level? |
| 12:18 | Valeria Bednarik: 1.6160 and 1.6210 |
| 12:18 | [Comment From Imran]
wat could be the highest level of GOLD |
| 12:18 | Valeria Bednarik: Well, 1200 seems to be a general market target at this point. |
| 12:19 | [Comment From Arun Kandyal]
Val 1.4850 is good for short with tight stops? |
| 12:19 | Valeria Bednarik: Will depend on the movement... but if you want to made a counter trade, yes, is previous yearly high.. stops 1.4890 or so not much more... |
| 12:19 | [Comment From pankaj]
whts abt us jobless data |
| 12:20 | Valeria Bednarik: well, reaction will be reflected more likely in stocks.. and stocks are quite positive at this point, so a better than expected data, could mean rising stocks and more dollar pressure. |
| 12:20 | [Comment From a]
if gold leads then the dollar weakess is not true,and we might see turn over ,am i right? |
| 12:21 | Valeria Bednarik: Yes, I do think that, yet. technically, we still don't have a any sign of that turn, not in gold, not in euro. |
| 12:22 | Valeria Bednarik: meaning, not only dollar is weak.. all economies around the world are weak.. some more than others... just current movement against greenback seems a bit overextended, does not mean is over, see the point? |
| 12:22 | [Comment From jr]
where is yen/usd heading? will it go back to 92 levels? |
| 12:23 | Valeria Bednarik: Pair remains strongly bearish, and at this point a retest of 87.15 area seems more than likely. We need to have a daily close above 90.35 to call for an upside correction... and seems quite far |
| 12:23 | [Comment From Guest]
what about GBP/USD now? where it can go? |
| 12:24 | Valeria Bednarik: now we are consolidating in the middle of nowhere. watch 1.6020 and 1.6110/20 area.. those are the ones to overcome to define a more clear trend |
| 12:24 | [Comment From fxcr24]
Did BOE give a hint as to when they will exit QE ? |
| 12:24 | Valeria Bednarik: Sorry, i'm not seen... I will check |
| 12:24 | [Comment From Guest]
GBP is the weakest and JPY is the strongest on the market at this moment. Is that right? |
| 12:25 | Valeria Bednarik: yes, no doubts.. that's why gbp/Jpy is favored to the downside after breaking neck of daily doulbe roof. |
| 12:25 | [Comment From zaphy]
sorry I sent that question about 15 mins ago! |
| 12:26 | Valeria Bednarik: Sorry Zaphy! we have some delay... and is just me answering, and lots of you asking |
| 12:26 | [Comment From Guest]
am having a sell EU at 1.4740.Will it reach 1.4600 today by any chance?? |
| 12:26 | Valeria Bednarik: well, we should wait and see what happens with ECB decision there. |
| 12:26 | [Comment From moreno]
usd seem to be worthless until a clear support from fed - usd idx is going to test new low soon? under 75 possible |
| 12:27 | Valeria Bednarik: well, at this point seems more than posible.. I believe the comment about general weakness in currencies has cover part of this, but let's made one general idea ok? |
| 12:28 | Valeria Bednarik: We are ina global crisis, and despite falling dollar, remains one of the main reserves across the world; rise in gold, and fall in dollar, at this point, is especulative... |
| 12:29 | Valeria Bednarik: central banks (canada, new zealand, ingland, korea) are complaining that such strength in their currencies will delay economic recovery... |
| 12:29 | Valeria Bednarik: so... bottom line.. dollar weakness is exagerated maybe, should correct maybe, yettt we have no signs of such turn. |
| 12:29 | [Comment From Muzz80]
crude oil Mam :) @ 71.10 |
| 12:30 | Valeria Bednarik: umm sorry! je! I have been awake for the last 24 hours! just arrived to spain... for the ITC! |
| 12:31 | Valeria Bednarik: Ok.. OPEP says is comfortable with current price zone... not seen higher that 75 a barrel.. at this point, I see more chances to the downside there, as OPEP also decide to continue current production |
| 12:31 | [Comment From PepeFX]
Hi Valeria, do you use a trend line? |
| 12:31 | Valeria Bednarik: yes of course.. |
| 12:31 | [Comment From srv]
i hav a question ..wat abou gbp/usd ? |
| 12:31 | Valeria Bednarik: Hi svr, please take a look above... |
| 12:32 | [Comment From Nadia]
Heyy. May i have your opinions as i think a close rally in commodities while currencies are in this range ? |
| 12:32 | Valeria Bednarik: well, I believe part of the answer is what I said before right? there is no real reason to see currencies SO strong... it's ok, dollar is weak, but also the others... |
| 12:33 | [Comment From rocco]
did u see the news the other day (ithink it was on bloomberg) that trichet wanted to weaken the euro.. any thoughts on that? eastern europe has started to flair again in default (latvia) risk can u recomend any indicator other than the news ticker to watch if the banking sector has problems again |
| 12:34 | Valeria Bednarik: Well, is exactly what we are talking about see? there is no reason to have such strong euro, other than especulative. That means it can reach maybe 1.50.... and then reverse.... top is not clear at this point, and watch for consuption inflation! Europe has Deflation also Germany, despite Trichet consider it a bad word and never talk about it. |
| 12:35 | [Comment From dag]
Val, when do you see correction in stocks? Do you expect to reach 10000, beforbigger correction? |
| 12:36 | Valeria Bednarik: DJIA is now hovering around a 61.8% weekly retracement. Has fight this zone for a couple of weeks, so seems we are gettinginto a consolidation phase there. Under 9300/50, consider a dowside correction |
| 12:36 | [Comment From fxcr24]
Is the EURO following AUD? |
| 12:37 | Valeria Bednarik: Yes in part... following aud and gold... Australian is among the 3 main gold producers of the world, that's why Aud and gold had such a strong correlation |
| 12:37 | Valeria Bednarik: and of course, that's why we see a weaker greenback |
| 12:37 | [Comment From Guest]
aussie looks to be totally overbought,agree? i just sold it at .9040 lets find out |
| 12:38 | Valeria Bednarik: Ok, seems in fact over bought, yet as mentioned before, no signs of turn around yet there... thus some downside correction no doubts should come sooner than later. |
| 12:38 | [Comment From Guest]
hi what do u think about usd/jpy today |
| 12:39 | Valeria Bednarik: If the pair moves under 88.00, will likley approac h to 87.15 area. Under that, next real strong level comes at 85.! to the upside, 89.00 should keep it capped. |
| 12:39 | [Comment From barry]
do you see eur/gbp close to parity again |
| 12:40 | Valeria Bednarik: No that much infact as the pair is more overbought than any other in fact... above 0.93, consider an approach to 0.95 the most |
| 12:40 | [Comment From Imran]
any reason of weaker GBP against USD |
| 12:41 | Valeria Bednarik: lots... bad production reports,.too much QE, governor King talking of a strong Pound harming economy.. and let's add today no mention to exit QE, yet! in the long term, England has at least more inflation that the rest of the big economies... could be forced to rise rates sooner... rememeber this! |
| 12:41 | [Comment From Guest]
hi Val, will the usd/jpy continue the downward move ? how interest rate affect it |
| 12:42 | Valeria Bednarik: Jpy is not ingfluenced by rates infact... and yes, I see it falling, against my will je ;) |
| 12:42 | [Comment From Masa]
Val. Gold: do you see its price rising vs EURO as well as USD? If so, is it a new trend? |
| 12:43 | Valeria Bednarik: Hi Masa, and yes... gold is rising against all, and as long as above 1031/46 area, chances are for an upside continuation, while strong downside movements could came there only under 980 area |
| 12:43 | [Comment From rip]
do you day trade or longterm trade |
| 12:43 | Valeria Bednarik: both regarding my mood or what i see ;)
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| 12:43 | [Comment From Cayslue]
I hear the EUR/USD is in wave #2 weekly and is expected to take a major down turn. Do you see this happening and if so approximately when? |
| 12:44 | Valeria Bednarik: Sorry, to be complete honest, I never folow waves.. and again to be really honest! only daily close under 1.4440 area could trigger downside movements close to 1.3750 level. If we close a day above 1.4900.. then we could reach even 1.5200 zone, before the strong downside correction |
| 12:45 | [Comment From Muzz80]
Dear Mam i have bought Crude oil @ 71.10 what should i do now plz help me |
| 12:45 | FXstreet.com: ECB keep the rates unchanged! |
| 12:45 | Valeria Bednarik: Well, if you don't used to much leverage, place a stop under 66.50... if you can, hold it |
| 12:46 | Valeria Bednarik: ECB rates unchanged, no reaction in Euro.. as usual, will wait for Tricet spech |
| 12:47 | [Comment From M]
Val: Can you tell me what makes eur/jpy rising? |
| 12:49 | Valeria Bednarik: the fact is that I see the pair more consolidative right? no real rises there.. euro a bit stronger, yen reaching a top and retreving.. seems hard to see that particular one rising, and less euro breaks higher. |
| 12:49 | [Comment From Shahab Mirsadri]
I do believe EUR/USD will remain bullish. |
| 12:49 | Valeria Bednarik: I do also, but not because of fundamental reasons. |
| 12:50 | [Comment From JOSH]
according to you what will be the catalyst for change in this extreme sentiment prevailing now in currency markets |
| 12:50 | Valeria Bednarik: Seems hard to tell... but... a strong risk aversion sending stocks down could be one, or a FED exit QE plan or rising rates, what I don't see now |
| 12:50 | [Comment From FX-Max]
It is the GBP/JPY higher trend sustainable despite BoE dissapointed decision? |
| 12:51 | Valeria Bednarik: As commented ealier, for me the pair is quite bearish. Take a look at the daily double rrof broken around 146.60 and following developments there. |
| 12:51 | [Comment From Guest]
then its better to sell euro/usd waiting dollar action/ |
| 12:51 | Valeria Bednarik: Not now, not at current levels. |
| 12:52 | [Comment From fxr24]
Is AUD/CHF expected to rise much further?# |
| 12:52 | Valeria Bednarik: well Swiss will remain weak doe to bank non official intervention, and AUD strong, due to gold .... so should continue rising yes |
| 12:53 | [Comment From fxr24]
Is it true that its best not to make a trade during lunch hours?, like now.. |
| 12:54 | Valeria Bednarik: well! is breakfast time for me.. je.. joking sorry... there are better than other times no doubts..European opening.. europe/america overlaping. and Japan opening are the most movers sessions. |
| 12:54 | [Comment From ian]
before the rumor of cutting deposit rate hit pound data was supportive neckline of prev uptrend is 1.6220 do you think can get back there? im looking to short there |
| 12:55 | Valeria Bednarik: well if you take a look, pair already approached to neck line, yet seems unlikley to see such movement... to be honest level for me is the 1.6110/20 area. |
| 12:55 | [Comment From Tom Jones]
How do you cope with such crazy questions ??? |
| 12:56 | Valeria Bednarik: With love for waht I do and for teaching! I have been a newbie too.. I thank the help I recived, helping others. |
| 12:56 | [Comment From Nadia]
tnx |
| 12:56 | [Comment From fxr24]
Can USDCHF break 1.03 resistance? |
| 12:57 | Valeria Bednarik: I rather wait for a break above 1.0320, yet 1.0450 proved strong enough to keep pair capped. |
| 12:57 | [Comment From fxr24]
Valerie, looks like a hanging man is forming in Cable 1hr or is it a hammer in 4hr charts?? |
| 12:58 | Valeria Bednarik: As i comment earlier, really I don't see any upside strength there. |
| 12:58 | [Comment From Abdullah]
oil will punch 100 in 2 months |
| 12:58 | Valeria Bednarik: Ok let's see. tks for the comment! |
| 12:58 | [Comment From deepak]
hi sir, can u tell me plz euro vs dollar long term strtergy i mean euro will be stronger? |
| 12:59 | Valeria Bednarik: As postead above, 1.4440 will mean a long term fall, and above 1.4920 a mid term rise close to 1.53 area... not before that levels. |
| 12:59 | [Comment From Marc]
Baltic Dry index is showing stocks fall,Usd rise ! |
| 12:59 | [Comment From Mohammad]
can you see euro at 1.5100 this year |
| 1:00 | Valeria Bednarik: honestly, not really... but well, could happen no doubts. let's see what Trichet have to say today |
| 1:00 | [Comment From ashish]
don't you think Euro is overvalued considering it is in worse shape than US ? |
| 1:01 | Valeria Bednarik: I dont know if worst.. at least the same as bad and yes as you can see above, i consider it overvalued |
| 1:01 | [Comment From ashish]
do you see euro reacting negatively post event ? |
| 1:02 | Valeria Bednarik: will depend on ECB comments, but could happen watch for supports mentioned above.. key level is 1.4680 |
| 1:02 | [Comment From Masa]
Val.: I hv Silver and gold! I bet both will rise even when USD start rising. What is your opinion? Sorry my message comes very late! |
| 1:02 | Valeria Bednarik: No problem! I do think that they are higly correlated at this point so please be carefull and always use protective stops |
| 1:03 | [Comment From Muzz80]
ok thx alot mam |
| 1:03 | [Comment From jasmin]
hello val i open position gbp/usd short |
| 1:03 | Valeria Bednarik: use a stop above 1.6130 no much more. |
| 1:03 | [Comment From Masa]
Val: Inflation worry pushing Gold up. What about Deflation or depression worry. That pushed Gold up before! Then, Gold wins in a long term! Agree? |
| 1:04 | Valeria Bednarik: well seems no doubts what we are seing this days in the market. |
| 1:04 | [Comment From moreno]
... and Thichet will say all and the contrary of all - so again FX will follow only DJX as usual |
| 1:05 | Valeria Bednarik: yes... is chance also.. a high one in fact. Trichet never gives surprises. |
| 1:05 | [Comment From ashish]
Euro is overvalued at this level considering the fundamentals |
| 1:05 | Valeria Bednarik: well what we have been talking see above please. |
| 1:05 | [Comment From Ali]
Cannot Wait ...I think i will go long with euro, "hope it still goes north! any objection,Val? |
| 1:06 | Valeria Bednarik: well, not my trading style, but if your analysis tell you so, go for it |
| 1:06 | [Comment From Peter]
Will GBP/JPY sail if England is forced to rise rates? |
| 1:06 | Valeria Bednarik: well, when I talk about England forced to rise rates, I don't mena tomorrow, or next month... butyes,likely. |
| 1:06 | [Comment From Yasir Ali]
what about AUD/USD remain bulish??? |
| 1:07 | Valeria Bednarik: aslong as supported by rising gold yes |
| 1:07 | [Comment From Fid]
What is the support level for Eurusd could be 1,4744? |
| 1:07 | Valeria Bednarik: yes I see 1.4735 zone, so agree with you |
| 1:07 | [Comment From fxr24]
Thanks Valerie youre the best! |
| 1:08 | Valeria Bednarik: tks you! |
| 1:08 | [Comment From dag]
earier this week there was a statement that oil currency (dollar) will be removed by a currency basket including EUR/Yuan/rubel...and some other currencys. Do you believe it could happen, let´s say in the next 5 years? |
| 1:08 | Valeria Bednarik: seems unlikley really...at least for me. |
| 1:08 | [Comment From gr]
do you think USD/YEN reached the bottom so time to go long !!?? |
| 1:09 | Valeria Bednarik: not yey. as coooemted earlier we have 87.15 and if we move undert here 85.00 will be a nice level for that!!!! |
| 1:09 | [Comment From Arun Kandyal]
Thx Val For your all efforts and i am waiting for reply which i asked through mail from you regarding market |
| 1:10 | Valeria Bednarik: hi Arum! give me a couple of days! a bit crazy with ITC... |
| 1:10 | [Comment From Cayslue]
When the Fib. Retracement consolidates arround 61.8% on EUR/USD weekly chart, does this usually mean reversal or does the pair continue following trend? |
| 1:11 | Valeria Bednarik: well, consolidating around a fibo, is telling as its a strong resistance/ area... however to confirm follow or reversal I would like to see the pair moving from it for a certain number of pips. |
| 1:11 | [Comment From Happy]
Mam i have sell eu at 1.4770 what u say about my TP ? |
| 1:12 | Valeria Bednarik: 1.4730 1.4680
|
| 1:12 | [Comment From gun2]
hallo....what do you think about GBPUSD now...? |
| 1:13 | Valeria Bednarik: exactly where we were 1 hour ago.. in the middle of nowhere, with downside pressure |
| 1:14 | [Comment From a]
i have no open trades now,ifu were me what to do? waitigwhat? |
| 1:14 | Valeria Bednarik: Till Trichet speech is over |
| 1:14 | [Comment From Imran]
is there any relation with GBP/USD and EUR/USD...means can move together |
| 1:15 | Valeria Bednarik: will likley come back to that.. yet not seen rtight now |
| 1:15 | [Comment From T]
where does your USD optimism come from? Deutsche bank recently changed target to 1.60. US has trade deficit, budget deficit, health care issues, large commitment from the mortgage crisis, reserve currency status is questioned ... |
| 1:16 | FXstreet.com: Sorry guy we have 10 minutes left. Please ask Valeria anything related to the market.. |
| 1:16 | Valeria Bednarik: Sorry if you miss understood me.. is not dollar optimism.. is a negative view FOR ALL currencies...some are worse than others, but I just saying this current movement is an overreaction... |
| 1:16 | [Comment From Masa]
Long term strategy EUR/USD: I saw analysts comment on Fib figers since Jul 2008, 3, 5, 8, 13 & 21 mths duration. USD will peak vs. EUR in Apr 2010(it goes ups and downs following Fib.). That is what it says. It may help some people here. I am holding USD since 1,47 area. Can hold it thru 1,52. & S&P 500 1200. |
| 1:17 | [Comment From ashish]
it seems stage is set today for correction across currencies and commodities |
| 1:17 | Valeria Bednarik: should be loghic yes. but corrective, we are far far away from a trend change |
| 1:17 | [Comment From ashish]
gold is even more overvalued asset class |
| 1:18 | [Comment From ashish]
it should fall by 15% from here |
| 1:19 | Valeria Bednarik: gold and euro both comments i believe! and is what we call earlier... despite both are overvaluted and should correct, there are no signs of it |
| 1:19 | [Comment From mafacifa]
hi Val.. i think sterling will appreciate above 1.70 by dec... do u concur? |
| 1:19 | Valeria Bednarik: I can't see such movement at this point.. we have a very tough 1.6660 area, quite far from here. |
| 1:20 | [Comment From Bund]
Hi Valeria, i am a graduate who has just started working for a prop. trading firm. Just wanted to what all is needed to become a good trader. I understand hardwork and all are very important but apart from that? |
| 1:21 | Valeria Bednarik: Lot's of patient studing currencies behaviour: non all pairs react the same way to the same indicators, under the same circumstances... learn that! |
| 1:21 | [Comment From dilmurad]
this time he will give surprise |
| 1:21 | [Comment From fxr24]
What is Trichet expected to say that will move the Euro? |
| 1:22 | Valeria Bednarik: Trichet could announce, euro negative, more rate cuts, or more QE; euro positive, no rates cuts and an exit strategy. Let's see if market believes him |
| 1:22 | [Comment From Thomas]
EURUSD on H1 or M30 I think there is a head and shoulders. Is taht correct? |
| 1:23 | Valeria Bednarik: I can't see it, sorry... where do you see the neck around 1.4740? |
| 1:23 | [Comment From a]
if every1 going long euro ,coz u feel so.i ll sell |
| 1:23 | Valeria Bednarik: Well, sell with low leverage if you want to... .always remember, and use stops. |
| 1:23 | [Comment From Guest]
i sold eur/usd,what do U think Val? |
| 1:24 | Valeria Bednarik: is not the level i like really... isjust a bet |
| 1:24 | [Comment From Muzz80]
Mam what is your email id ? i wanna do some deal with u |
| 1:25 | [Comment From gun2]
so what we have to do with gbpusd...? |
| 1:25 | FXstreet.com: We are short of time today, Sorry I have to wrap up the session. |
| 1:25 | Valeria Bednarik: sellaround1.6110with tigh stop,orwait for a clear break of 1.5870 for a longer term downside rally! |
| 1:25 | [Comment From ashish]
i strongly believe today is the end to overblown uptrend across currencies and commodities - go & short everything accept dollar |
| 1:26 | Valeria Bednarik: ok ashish, tks for your comment!
|
| 1:26 | Valeria Bednarik: Sorry I must leave you all now, as always a pleasure! really, wait after Trichet speach is over. |
| 1:27 | FXstreet.com: Thank you Valeria for the great market view!... and every one who has joined the session.
I have had a great time with you.
Many thanks to all the traders gathered here today for your participation! |
| 1:28 | Valeria Bednarik: I do had a great session also! see you back on the blog starting tomorrow! tks all really! |
| 1:28 | FXstreet.com: Any final word for everyone, Valeria? |
| 1:30 | FXstreet.com: well sorry we have a little timelag... Valeria already gave us a word.. |
| 1:31 | [Comment From Bund]
thanks so mch |
| 1:31 | [Comment From gun2]
thaks a lot val... |
| 1:31 | [Comment From Guest]
yr session has been fun |
| 1:31 | [Comment From reza]
Thanks |
| 1:31 | [Comment From nagalla]
thank you val for giving great guidelines |
| 1:31 | [Comment From yasir]
have a nice day |
| 1:32 | FXstreet.com: Thank you again for joining the live coverage. I hope to see you all in the next coverage! Bye for now. Have a beautiful day! Adios! |
| 1:32 | Valeria Bednarik: sorry!!! tks you all !!! see you all soon! |
| 1:33 | FXstreet.com: Information and opinions contained in this live coverage session are for educational purposes only and do not constitute trading recommendations.
|
| 1:33 | 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. |
| 1:34 | 
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Disclaimer: 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.
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