Forex-Analysis for 13 September 2013

EUR/USD
For the pair is currently difficult to determine a direction, since both currencies prevail uncertainty among investors. In the euro zone has created problems of individual countries are emerging again, and for the United States is an open question whether the Fed will slow in the coming week, the program for the purchase of bonds.
There are still not data much from the euro zone. At 05:00 h the data on changes in employment in the euro zone are published. The forecasts see here a slightly smaller decline than in the previous month. In light of yesterday's industrial production figures, however, the values could be slightly worse than forecast and the euro could turn in a short-position.
From the United States today come at 08:30 h the figures on retail sales. By the positive trend in the U.S. labor market, this should turn out in the forecasts or slightly above and support the USD.

Long: 1.3330
S/L: 25 Pips
TP:  40 Pips
Trailing Stop: 25 Pips

Short: < 1.3258
S/L: 25 Pips
TP:  50 Pips
Trailing Stop: 25 Pips

GBP/USD
The couple showed yesterday a little volatility and the USD was able to finish the day with a slight increase. From the UK to date, no data are available, so here is probably determined only after the U.S. data, the direction for the last day of the trading week.

Long: > 1.5843
S/L: 25 Pips
TP:  40 Pips
Trailing Stop: 20 Pips

Short: < 1.5767
S/L: 25 Pips
TP:  35 Pips
Trailing Stop: 20 Pips

AUD/USD
The AUD had yesterday lost a part of its profit from the last eight days, after poor numbers from the labor market, but could recover slightly in late trading. For the Australian economy today, there are no new data, so that here only after 08:30 h the final direction is taken.

Long: > 0.9295
S/L: 25 Pips
TP:  40 Pips
Trailing Stop: 25 Pips

Short: < 0.9223
S/L: 25 Pips
TP:  35Pips
Trailing Stop: 20 Pips

USD/JPY
The yen could rise the past two days against the USD, but at first could not break the resistance at 99.15. if he does according to the Japanese industrial production, which rose slightly, the direction until 08:30 h should be short.

Long: > 99.86
S/L: 25 Pips
TP:  40 Pips
Trailing Stop: 25 Pips

Short: < 98.98
S/L: 25 Pips
TP:  35 Pips
Trailing Stop: 20 Pips

The data for entry, S/L and TP are shown as a guide only and that is probably conservative. They can be adapted to the current market behavior and your own trading style. Also be reminded at the possibility to take part of the benefits in a positive trade.

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Risk Warning / Disclaimer
The opinions of the author to market behavior do not constitute a solicitation to buy or sell any financial products, but are merely a personal opinion. When you go into the trade in leveraged financial products, you must be aware that a loss up to the amount of your deposit and in addition, can also be an obligation to arise. Make yourself familiar with the active trade or get independent advice before you invest your own money and use only invest money that you can get over the worst case.

 

 

 

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