MACD with Success Part 1

How to Trade the MACD with Success Part 1.avi

Spain on fire: demonstrations, more region's bailouts and early elections in Catalonia

Spain on fire: demonstrations, more region's bailouts and early elections in Catalonia

GBPUSD BULLISH

GBPUSD lies between support and resistance
Support @1.6192, 1.6160
Resistance @1.6270  1.6303 

AUDUSD has Pin Bar setup

Pair fall below 50DMA but regain half of it's ranges   RSI(14) is maintained above  50.

there is more chance bullish trend will resume soon 

Pin Bar support is at 1.0350

AUDUSD is in neutral zone  

above 1.0480 it will be bullish view towards 1.0620,1.0740

Please share your view 

NIDHI

AUDUSD

Please watch charts 
AUDUSD IS NEUTRAL - https://docs.google.com/drawings/d/1fOBZGHq1fhWK2h02HyBWLUYmCA8XxipqmNISBByqZFg/edit

GBPUSD is in triangle

Pair has symmetric triangle pattern 

if pair breaks lower then  pair may test 1.6 level

else if pair break upper side of triangle  then pair may find resistance 1.6303 

Above resistance 1.6303 it will be targeting towards 1.650

 please refer charts

GBPUSD has Bullish Emgulfing Pattern

Pair has formed Bullish Emgulfing Pattern in daily Charts

my long term view is bullish

Overall view is Bullish targeting 1.64

BUY @1.5890 target@1.6030

AUDUSD has Falling Wedge Pattern

AUDUSD has formed falling Wedge Pattern 

Current Price 1.0252

Pair lies below 50SMA in hourly charts.

 So Trend may be weak and targeting towards 1.0290& 1.0320

Reuters.com - RPT-GLOBAL ECONOMY-Big credibility test looms for ECB and Draghi

RPT-GLOBAL ECONOMY-Big credibility test looms for ECB and Draghi Mon Sep 03 07:00:00 UTC 2012 * ECB may struggle to meet market expectations * Many see grim economy justifying further easing * Data-driven Fed to watch job market, purchasers' survey By Alan Wheatley AMSTERDAM, Sept 2 (Reuters) - If Mario Draghi manages on Thursday to satisfy financial markets while forging a political consensus on how to lower southern Europe's sky-high bond yields, the European Central Bank chief should be offered the starring role in the next Mission Impossible movie. Friday's U.S. job figures for August could be critical in determining how quickly the Federal Reserve acts on the promise of its chairman, Ben Bernanke, to ease monetary policy further if necessary to promote growth and a sustained recovery in the labour market. But, given the potential of the euro zone's malaise to cause a global financial crisis and recession, Draghi's news conference following an ECB policy meeting will be the highlight of the week and could set the market tone for the rest of the year. Draghi raised expectations so high with a pledge in late July to do whatever is necessary to preserve the euro that investors will be disappointed if they have to wait a bit longer for details of how the ECB's proposed bond-market intervention will work. Nick Kounis, an economist at ABN AMRO in Amsterdam, said the big risk was that Draghi would fail to dispel the doubts of the Bundesbank, Germany's powerful central bank, over the legality and effectiveness of buying Spanish and Italian bonds. The Bundesbank does not have a veto at the ECB, but its opposition could limit the scope and thus the credibility of a bond-buying programme. "It's difficult to be confident, but we do think on balance that he will come with something substantial," Kounis said. Another growing risk is that the ECB's prospective conditions might prove too tough to lure Spain to swallow its pride and seek assistance from the European Stability Mechanism. The ESM, the euro zone's embryonic rescue fund, is expected to work alongside the ECB by purchasing peripheral countries' bonds when they are first auctioned. Conversely, Julian Callow with Barclays Capital said the conditions might not be applied strictly enough, taking pressure off governments to get their finances in order. "There is a danger that financial markets, which have already moved in anticipation of ECB interventions, may be disappointed by euro area developments," Callow said. SLUGGISH PAYROLLS Bond strategists at Deutsche Bank estimate that markets are pricing in bond buying of about 200 billion euros and are attaching a two-thirds probability to a quarter-point cut in the ECB's main financing rate, now at 0.75 percent. Unemployment in the 17-nation euro zone was a record 11.3 percent in July, and David Owen, an economist in London with Jefferies, said the gloomy economic picture would justify fresh monetary stimulus even if the spread between benchmark German bonds and other countries' debt was zero. In fact, investors buying 10-year Spanish bonds are demanding a risk premium of about 5.5 percent. "Whatever is announced at the ECB's press conference next Thursday, one should not lose sight of the bigger picture of a euro area economy sliding back into deeper recession," Owen said. The U.S. economy is doing a bit better, but growth is sub-par and stagnation in the job market is a "grave concern" in the words of Bernanke, who spoke at a Fed conference in Jackson Hole, Wyoming, on Friday. Employers are expected to have added 125,000 non-farm jobs in August, down from 163,000 in July and far too weak to make a dent in the jobless rate, which is likely to have been unchanged at 8.3 percent, according to economists polled by Reuters. The Institute of Supply Management's monthly manufacturing survey on Tuesday will not give the Fed much encouragement either. Forecasters expect it to have edged up from 49.8 in July to 50 in August, the demarcation line between expansion and contraction. Lacklustre figures are bound to ratchet up speculation that Bernanke will press the Federal Open Market Committee, the U.S. central bank's policy-making panel, to provide fresh monetary stimulus when it meets on Sept. 12/13. "The only questions are what form the easing will take and whether he can convince the rest of the FOMC to go along," said Kevin Logan, chief U.S. economist at HSBC. This service is not intended to encourage spam. The details provided by your colleague have been used for the sole purpose of facilitating this email communication and have not been retained by Thomson Reuters. Your personal details have not been added to any database or mailing list.

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