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Daily Forex Market by FXCC
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#1 |
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I'm ready to invest!
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Daily Forex Market by FXCC 23Apr2012
EUR/USD steady below 1.3200 EUR/USD has been around the 1.3200 round mark up and down during Asian session, last at 1.3194, printing session lows at 1.3177 and highs at 1.3209, slightly below Friday's close. Local share markets trade in the red overall, with Nikkei index down by -0.19%. For the London session ahead not many big risk events Euro related will come out but PMI figures, first French one at 07:00 GMT, followed by Germany one half hour later, and EU manufacturing PMI at 08:00 GMT, all of them expected to come slightly better than previous. Investors are fleeing the Australian Dollar through the Asian session on a lower-than-expected Australian PPI print, which came at +1.4 YoY, -0.3 QoQ actual against 2.2%, 0.4% consensus, respectively. The Australian Dollar had been trading sluggish in the lead-up to the event as equity markets turned from flat to red territory despite last Friday's risk appetite mood. The results make the case for an RBA rate cut in the next policy meeting even more likely now. Read More https://support.fxcc.com/email/technical/23042012/ UPCOMING EVENTS 2012-04-23 07:30 GMT | GermanyPurchasing Manager Index Manufacturing (Apr) 2012-04-23 07:30 GMT | GermanyPurchasing Manager Index Services (Apr) 2012-04-23 08:00 GMT | EU - Purchasing Manager Index Manufacturing (Apr) 2012-04-23 08:00 GMT | EU - Purchasing Manager Index Services (Apr) FOREX NEWS 2012-04-23 05:03 GMT | Japan: Coincident Index (Feb): 95 2012-04-23 01:43 GMT | AUD/USD declines on Australia PPI data 2012-04-23 01:31 GMT | Australia 1Q Producer Price Index (QoQ) -0.3% 2012-04-23 01:30 GMT | Australia 1Q Producer Price Index (YoY) 1.4% ---------------- EURUSD : 1.31897 / 1.31904 DAILY WEEKLY MONTHLY ![]() 1.3367 | 1.3313 | 1.3269 | 1.3214 1.3153 | 1.3102 | 1.3057 | 1.3000 SUMMARY : TREND : Up trend MA10 : Neutral MA20 : Neutral STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis EURUSD gained momentum in Friday’s session and formed a higher bottom and top, successfully penetrating Friday's resistance level. After that the price found a strong resistance at 1.3214 (R1) a strong technical level. We expect the price to move upwards but only a break above 1.3214 (R1) will give as a confirmation for long positions targeting 1.3269(R2) and further rise will then be limited at 1.3313 (R3). A stop loss should be placed above 1.3153 (S1). --------------- GBPUSD : 1.61166 / 1.61178 DAILY WEEKLY MONTHLY ![]() 1.6291 | 1.6247 | 1.6189 | 1.6143 1.6078 | 1.6009 | 1.5963 | 1.5909 SUMMARY : TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Overbought MARKET ANALYSIS - Intraday Analysis GBPUSD made a sharp move upwards and successfully broke above Fridays’s resistance level continuing the upward move. As long as it is above our first support level 1.6078 (S1), we can look for long positions targeting 1.6247 (S3). A stop loss should be placed at 1.6009 (S2) but the most conservative and tactical traders can hold and wait for the break above 1.6143 (R1) to open their long positions. -------------- USDJPY : 81.286 / 81.292 DAILY WEEKLY MONTHLY ![]() 83.43 | 82.89 | 82.34 | 81.77 81.20 | 80.73 | 80.29 | 79.61 SUMMARY : Down TREND : Down trend MA10 : Bearish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The USDJPY fell from 81.77 (R1) and formed a lower bottom at 81.25 after which the price rebounded from from that level. A break above the first resistance level of 81.77 (R1) would suggest a target and retest of 82.34 (R2). If the price holds its momentum on the upside we can expect a further rise towards 82.89 (R3). On the other hand, if the price does not manage to break above 81.77 (R1) we can expect the pair to retest support at 81.20 (S1) and a break below that level would suggest target at 80.73 (S2). Source: FX Central Clearing Ltd, (http://www.fxcc.com) |
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#2 |
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I'm ready to invest!
Join Date: Nov 2011
Posts: 32
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Daily Forex Market by FXCC 24Apr2012
EUR/USD quiet in Asia despite markets turmoil; holds above 1.3150 EUR/USD is quietly trading within a descending tight channel of less than 20 pips wide 1.3145/57 since NY close, last at 1.3152, despite big moves in Aussie and Yen in Asia-Pacífic trade. EUR/AUD is currently printing fresh 2-week highs at 1.2822 after much lower than expected Aus 1Q CPI showed a 0.1% increase while some +0.6% was expected, which opens the RBA doors for a rate cut next meeting May 1st. Local share markets are trading overall deep in the red. London session ahead brings a relatively quiet agenda in EUR macro data related with only EU industrial new orders at 09:00 GMT, though several sovereign debt auctions will take place, including short term Spanish one and longer term Italy and Netherlands from 08:00 to 09:00 GMT. Market will test Netherlands yields after recent government debacle. AUD/USD has come under a new round of selling pressure on risk-off flows after soft consumer inflation data from down under, which has reinforced the case for a 25 basis point interest rate cut by the RBA at its meeting next week, and a possible 50 basis point rate cut over the next few months. The pair has pushed to a fresh 2-week low of 1.0246, down 0.7% from 1.0318 late Monday in New York. Read More https://support.fxcc.com/email/technical/24042012/ UPCOMING EVENTS 2012-04-24 07:30 GMT | Sweden Unemployment Rate (Mar) 2012-04-24 08:30 GMT | United Kingdom Public Sector Net Borrowing (Mar) 2012-04-24 09:00 GMT | Italy Wage Inflation (MoM) (Mar) 2012-04-24 09:00 GMT | Italy Wage Inflation (YoY) (Mar) FOREX NEWS 2012-04-24 03:50 GMT | AUD/USD slides below 1.0250 2012-04-24 01:31 GMT | Australia 1Q Consumer Price Index (QoQ) 0.1% 2012-04-24 01:30 GMT | Australia 1Q Consumer Price Index (YoY) 1.6% 2012-04-24 00:14 GMT | China’s banks may find it harder to raise capital ------------------ EURUSD : 1.31561 / 1.31568 DAILY WEEKLY MONTHLY ![]() 1.3351 | 1.3287 | 1.3226 | 1.3181 1.3118 | 1.3057 | 1.3000 | 1.2957 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis EURUSD fell sharply and formed a strong support level close to 1.3100. Following that the price rebounded and broke above our Friday’s support and now is moving between that level and 1.3181 level. A break above that level we suggest further rise towards 1.3226 (R2) and further rise will then focus on next target at 1.3287 (R3). On the other hand if the price manages to stay below our first resistance level of 1.3181 (R1) then we expect the price to retest 1.3118 (S1) and a break below that level then the expected target is at 1.3057 (S2). --------------- GBPUSD : 1.61229 / 1.61241 DAILY WEEKLY MONTHLY ![]() 1.6291 | 1.6249 | 1.6187 | 1.6143 1.6078 | 1.6009 | 1.5963 | 1.5909 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The GBPUSD didn’t made any significant moves in yesterday’s session as it traded in a consolidation mode between the 1.6078 (S1) and 1.6143 (R1) levels. A break below 1.6078 would suggest a target at 1.6009 (S2) and further fall will then focus on 1.5963 (S3) a strong technical and psychological level. On the other hand if the price manages to stay above the first support (S1) level we expect the price to retest 1.6143 (R1) and a break above that level will concentrate our focus on 1.6187 (R2). -------------- USDJPY : 80.883 / 80.887 DAILY WEEKLY MONTHLY ![]() 82.89 | 82.41 | 81.77 | 81.20 80.73 | 80.29 | 79.57 | 79.13 SUMMARY : Down TREND : Down trend MA10 : Bearish MA20 : Bearish STOCHASTIC : Oversold MARKET ANALYSIS - Intraday Analysis USDJPY continued to move downwards from 81.77, forming a new low above 80.73 (S1) this morning. A break below that level would suggest target at 80.29 (S2) and further fall will then focus on 79.57 (S3). Look for short positions in today’s trading session, as this is supported by the fact that both of our Moving Averages are turned bearish and are proving a strong resistance to the price. A stop loss should be placed at 81.20 (R1). Source: FX Central Clearing Ltd, (http://www.fxcc.com) |
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#3 |
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I'm ready to invest!
Join Date: Nov 2011
Posts: 32
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Daily Forex Market by FXCC 25Apr2012
EUR/USD around 1.3200 ahead of FOMC EUR/USD keeps struggling around 1.3200 mark last at 1.3196, trading a tight range during Asian session, with highs at 1.3207, and lows at 1.3191. The pair has not moved much since yesterday's NY open, closing the gap lower with which opened Monday with yesterday's highs at 1.3220 ahead of today's FOMC at 16:30 GMT and further economic projections and press conference at 18:00-18:15 GMT. The London session ahead will also bring ECB chairman Mario Draghi testifying before European Parliament's Economic and Monetary Committee in Brussels at 07:00 GMT, German 30 year bond auction at 09:00 GMT, and UK GDP at 08:30 GMT which could have an impact on EUR/GBP. USD/JPY’s overnight bounce from 80.84 has extended above the 81.50 price zone in quiet Asia-Pacific trading, having touched a session high of 81.55 as the market holds a bullish tone ahead of the BOJ meeting on Friday. Read More https://support.fxcc.com/email/technical/25042012/ UPCOMING EVENTS 2012-04-25 08:30 GMT | United KingdomGross Domestic Product (QoQ) (Q1) 2012-04-25 08:30 GMT | United KingdomGross Domestic Product (YoY) (Q1) 2012-04-25 12:30 GMT | United States Durable Goods Orders (Mar) 2012-04-25 12:30 GMT | United StatesDurable Goods Orders ex Transportation (Mar) FOREX NEWS 2012-04-25 04:42 GMT | GBP/USD within 20-pip margin; UK GDP eyed 2012-04-25 04:23 GMT | EUR/USD around 1.3200 ahead of FOMC 2012-04-25 00:49 GMT | AUD/USD bracketed between 1.0310/40 2012-04-25 00:11 GMT | USD/JPY pushes up to 81.50 ---------------- EURUSD 1.31950 / 1.31952 DAILY WEEKLY MONTHLY ![]() 1.3389 | 1.3351 | 1.3287 | 1.3226 1.3180 | 1.3118 | 1.3057 | 1.3000 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis EURUSD has been moving upwards since the middle of April and the bulls face a major hurdle at the 1.3226 level (resistance), a level that is significant both, psychologically and technically. A break above 1.3226 (R1) would suggest a target at 1.3287 (R2) and further rise will then be limited to 1.3351 (R3). On the other hand if the price manages to stay below our first resistance level then we expect the price to retest 1.3180 (S1) and if a break occurs below that level the expected target is at 1.3118 (S2). ----------------- GBPUSD : 1.61424 / 1.61433 DAILY WEEKLY MONTHLY ![]() 1.6291 | 1.6249 | 1.6187 | 1.6164 1.6078 | 1.6009 | 1.5963 | 1.5909 SUMMARY : Neutral TREND : Sideway MA10 : Neutra MA20 : Neutral STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis GBPUSD didn’t make any significant moves in yesterday’s trading session apart from a false break out above 1.6150. Following that the price fell and trapped in a trading range between yesterday’s current support and resistance levels. Our recommendation for today’s trading session is no position until we see a clearer trend direction. No position. -------------------- USDJPY : 81.371 / 81.376 DAILY WEEKLY MONTHLY ![]() 83.57 | 82.89 | 82.41 | 81.77 81.20 | 80.85 | 80.29 | 79.57 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The USDJPY moved upwards and broke above yesterday’s support level closing around to 81.60, just below our first resistance. A break above 81.77 (R1) will confirm our long positions targeting 82.41 (R2). On the other hand a break below 81.20 (S1) would suggest a target at 80.29 (S3). Source: FX Central Clearing Ltd, (http://www.fxcc.com) |
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#4 |
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I'm ready to invest!
Join Date: Nov 2011
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Daily Forex Market by FXCC 26Apr2012
EUR/USD holds steady ahead of EZ, Germany data EUR/USD has traded a very limited range in Asia between 1.3215 and 1.3232, hovering below its 3-week high after the dollar took a recent hit on USD-negative comments from the Fed, in particular, that the central bank stands ready to use additional measures (more QE) if necessary, which fueled a broad greenback selloff. In the European session ahead, the risk focus for EUR will be Euro-zone consumer confidence data along with Euro-zone economic and industrial confidence data for April, due for release at 09:00 GMT. A few hours later, at 12:30 GMT, German CPI figures are to be published, with economists anticipating a +2.0% reading in the year to April. EUR/JPY extended its bounce from the 50% retracement of the 104.60/107.98 upswing in overnight trading, reaching the 107.65 price zone before closing at 107.50. So far in Asia, the pair is edging lower, on the verge of losing all of the previous day’s gains, last at 107.33. Read More https://support.fxcc.com/email/technical/26042012/ UPCOMING EVENTS 2012-04-26 08:30 GMT | United Kingdom BBA Mortgage Approvals (Mar) 2012-04-26 09:00 GMT | European Monetary Union Consumer Confidence (Apr) 2012-04-26 09:00 GMT | European Monetary Union Economic Confidence (Apr) 2012-04-26 12:30 GMT | Germany Consumer Price Index (YoY) (Apr) Preliminar FOREX NEWS 2012-04-26 04:57 GMT | GBP/USD consolidating recent gains ahead of Europe 2012-04-26 04:32 GMT | Japan Feb All Industry Activity Index (MoM) improves to -0.1% vs -1% 2012-04-26 03:26 GMT | EUR/JPY correcting lower 2012-04-26 01:24 GMT | EUR/USD trading at 3-week highs ------------- EURUSD 1.32246 / 1.32251 DAILY WEEKLY MONTHLY ![]() 1.3391 | 1.3341 | 1.3275 | 1.3234 1.3180 | 1.3118 | 1.3057 | 1.3000 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The EURUSD didn’t make any significant moves in yesterday’s trading session as it moved between the first support and resistance level. A break in either direction will determine the trading bias in today`s session. A break below 1.3180 will confirm our short positions targeting 1.3118 (S2) and a further fall will be limited to 1.3057 (S3). On the other hand, if the pair breaks above the first resistance level of 1.3234 (R1), we would expect the price to retest 1.3275 (R2) and a further rise will then focus at 1.3341(R3). -------------- GBPUSD : 1.61712 / 1.61721 DAILY WEEKLY MONTHLY ![]() 1.6351 | 1.6292 | 1.6247 | 1.6183 1.6078 | 1.6009 | 1.5963 | 1.5909 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis GBPUSD made a high at 1.6183(R2) as it continued its move upwards since middle of April. A break above 1.6183 (R1) would suggest target at 1.6247 (R2) and further rise will then be limited at 1.6292 (R3). On the other hand a break below 1.6078 (S1) would suggest target at 1.6009(S2) and further fall will then be limited at 1.5963 (S3). --------------- USDJPY : 81.177 / 81.183 DAILY WEEKLY MONTHLY ![]() 83.33 | 82.81 | 82.42 | 81.77 80.85 | 80.29 | 79.81 | 79.37 SUMMARY : Neutral TREND : Sideway MA10 : Neutral MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis USDJPY released a lot of volatility in yesterday’s trading session moving upwards above 81.50 and then moved downwards breaking below that level touching our support level. After that the price bounced from 81.00 level and moved upwards successfully penetrating our resistance level. It seems that the pair is gaining momentum and is moving towards 81.77. A break above that level would suggest a target at 82.42 (R2) a strong technical level. Look for long positions above 81.77 (R1) targeting 82.42 (R2). Source: FX Central Clearing Ltd, (http://www.fxcc.com) |
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#5 |
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I'm ready to invest!
Join Date: Nov 2011
Posts: 32
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Daily Forex Market by FXCC 27Apr2012
EUR/USD quiet around 1.3200 EUR/USD is currently at 1.3203, holding below yesterday's lows, previous to the S&P announcement of the Spanish sovereign debt downgrade two notches from A to BBB+. The pair fell from NY close price around 1.3240 to as low as 1.3178 on the news, recovering from there till current quotes with not much of a move since then, for the last 4 hours moving in a 20 pip range. The session ahead for London shows a moderately soft agenda in terms of EUR data related, with GfK German consumer climate and German import prices on monthly basis at 06:00 GMT, followed by French consumer spending 45 minutes later, and several Spanish minor data coming out along the European morning. Market will also pay attention to Italian bond auctions at 09:00 GMT, in order to find what resulting yields come out from the auctions. The cross EUR/AUD is currently trading at 1.2717 near a double session low, down from a 3-day move lower started Tuesday at double 1.2835 highs following much worse than expected CPI numbers from Australia. It is down by -0.34% since yesterday's Asia-Pacific opening price Read More https://support.fxcc.com/email/technical/27042012/ UPCOMING EVENTS 2012-04-27 08:00 GMT | Italy Retail Sales n.s.a (YoY) (Feb) 2012-04-27 08:00 GMT | Italy Retail Sales s.a. (MoM) (Feb) 2012-04-27 09:00 GMT | Switzerland KOF Leading Indicator (Apr) 2012-04-27 09:00 GMT | Greece Producer Price Index (YoY) (Mar) FOREX NEWS 2012-04-27 05:07 GMT | Japan: Construction Orders (YoY) (Mar): -0.3% 2012-04-27 04:45 GMT | GBP/USD bracketed between 1.6165/88 2012-04-27 03:47 GMT | Japan BoJ Interest Rate Decision flat at 0.1% 2012-04-27 02:30 GMT | EUR/AUD holds the decline above 1.2700 --------------- EURUSD : 1.31802 / 1.31807 DAILY WEEKLY MONTHLY ![]() 1.3398 | 1.3364 | 1.3313 | 1.3262 1.3171 | 1.3118 | 1.3057 | 1.3000 SUMMARY : Down TREND : Down trend MA10 : Bearish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis EURUSD couldn’t hold in yesterday’s trading session and fell, breaking below our support level and forming a new low at 1.3171 (S1). A break below that level would suggest a target at 1.3118 (S2) and a further fall will focus attention on 1.3057 (S3) a significant technical and psychological level. On the other hand if the pair moves upwards and manages to break above 1.3262 (R1) we expect the price to retest 1.3313 (R2) and any further rise will then be limited to 1.3364. --------------- GBPUSD : 1.61638 / 1.61648 DAILY WEEKLY MONTHLY ![]() 1.6347 | 1.6293 | 1.6267 | 1.6208 1.6134 | 1.6078 | 1.6009 | 1.5963 SUMMARY : Neutral TREND : Sideway MA10 : Neutral MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The GBPUSD didn’t made any significant moves in yesterday’s session as it traded in a consolidation mode between the 1.6134 (S1) and 1.6208 (R1) levels. A break below 1.6134 would suggest a target at 1.6078 (S2) and further fall will then focus on 1.6009 (S3) a strong technical and psychological level. On the other hand if the price manages to stay above the first support (S1) level we expect the price to retest 1.6208 (R1) and a break above that level will concentrate our focus on 1.6267(R3). --------------- USDJPY : 80.872 / 80.878 DAILY WEEKLY MONTHLY ![]() 82.49 | 82.13 | 81.77 | 81.43 80.48 | 80.29 | 79.47 | 79.10 SUMMARY : Neutral TREND : Sideway MA10 : Neutral MA20 : Neutral STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis USDJPY released a lot of volatility in yesterday’s trading session moving upwards above first resistance and then moved downwards breaking below 81.00 touching our yesterday’s support level. Our recommendation for today’s trading session is no position until we get a clearer direction of the trend. No position. Source: FX Central Clearing Ltd, (http://www.fxcc.com) |
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#6 |
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I'm ready to invest!
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Daily Forex Market by FXCC 30Apr2012
EURUSD trapped in Trading Range EUR/USD is currently at 1.3249, near the upper bound of the tiny range the pair has traded into this Monday in Asia-Pacific, with main markets Japan and China closed for Golden Week holiday. US and European share markets point for a marginal higher open, according to their futures. For the London session ahead agenda shows German retail sales at 06:00 GMT as EUR macro data related, followed by EU M3 money supply and private loans at 08:00 GMT and CPI figures at 09:00 GMT, as well as short term sovereign debt auctions from France along the European morning. Despite the Bank of Japan expanded its QE program by JPY5trn to JPY70trn last Friday in Asia, an outcome in line with expectations, the measure seems to have underwhelmed the market, which continues to buy the Yen ignoring the recent aggressive monetary easing. Read More https://support.fxcc.com/email/technical/30042012/ UPCOMING EVENTS 2012-04-30 08:00 GMT | European Monetary Union M3 Money Supply (3m) (Mar) 2012-04-30 08:00 GMT | European Monetary Union M3 Money Supply (YoY) (Mar) 2012-04-30 09:00 GMT | European Monetary Union Consumer Price Index (YoY) 2012-04-30 09:00 GMT | Italy Consumer Price Index (YoY) (Apr) Preliminar FOREX NEWS 2012-04-30 01:31 GMT | Australia Mar Private Sector Credit (YoY) 2.3% 2012-04-30 00:31 GMT | Australia Apr TD Securities Inflation (YoY) 1.9% 2012-04-30 00:30 GMT | Australia TD Securities Inflation (MoM) 0.3% in Apr 2012-04-30 00:30 GMT | GBP/USD quiet near 7-month highs -------- EURUSD : 1.32542 / 1.32546 DAILY WEEKLY MONTHLY 1.3423 | 1.3375 | 1.3324 | 1.3269 1.3171 | 1.3118 | 1.3057 | 1.3000 SUMMARY : Neutral TREND : Sideway MA10 : Bullish MA20 : Bullish STOCHASTIC : Oversold MARKET ANALYSIS - Intraday Analysis The EURUSD found a strong support at 1.3171 (S1) and moved upwards breaking above our resistance levels. We expect the price to continue its move upwards as this is supported by the fact that both of our Moving Averages are bullish and are providing a strong support just above previous low. Look for long positions at 1.3269 targeting second resistance level at 1.3324 (R2). -------- GBPUSD : 1.62849 / 1.62857 DAILY WEEKLY MONTHLY 1.6474 | 1.6424 | 1.6389 | 1.6345 1.6207 | 1.6134 | 1.6078 | 1.6009 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis GBPUSD gained momentum and formed higher bottoms successfully penetrating Friday's resistance levels. We expect the price to continue its upwards move targeting 1.6345 (R1) and further rise will then be limited at 1.6389 (R2). -------- USDJPY : 80.124 / 80.129 DAILY WEEKLY MONTHLY 81.77 | 81.43 | 81.04 | 80.65 79.54 | 79.05 | 78.47 | 78.13 SUMMARY : Down TREND : Down trend MA10 : Bearish MA20 : Bearish STOCHASTIC : Oversold MARKET ANALYSIS - Intraday Analysis USDJPY fell sharply and formed a strong support level close to 80.00 level. Look for short positions at current level targeting 79.54 (S1) and further fall will then focus on next support level at 79.05 (S2). A stop loss should be placed at 80.65 (R1). Source: FX Central Clearing Ltd, (http://www.fxcc.com) |
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#7 |
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I'm ready to invest!
Join Date: Nov 2011
Posts: 32
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Daily Forex Market by FXCC 01Mai2012
EUR/AUD back to last week highs above 1.2800 EUR/AUD is shooting up after RBA cut 50pbs to 3.75% sending AUD/USD to fresh 4-day lows now around 1.0340, while EUR/USD is climbing higher now stalling below 1.3260, making the cross reaching the 1.2825 mark. The cross is higher by more than 170 pips in the week or a +1.29% increase, while more than half of that is just from the RBA just released rates. EUR/AUD is stalling ahead of past Tuesday's highs at 1.2836, printing a fresh session high at 1.2825, last at 1.2812 bids. Most countries in Europe will close today on Labor Day holiday, drying up liquidity during London session, with no EUR data related being published. With Nikkei index open falling again below the 9500 key figure losing some -0.98%, USD/JPY trades at 79.87 off from session highs at 79.93, and bouncing from double intraday low at 79.75 near NY close. Most local markets are closed for holidays, and key risk event China manufacturing PMI will deliver at 01:00 GMT. Read More https://support.fxcc.com/email/technical/01052012/ UPCOMING EVENTS : 2012-05-01 07:00 GMT | Denmark Retail Sales (YoY) (Mar) 2012-05-01 08:30 GMT | United Kingdom Purchasing Manager Index Manufacturing (Apr) 2012-05-01 02:00 GMT | United States Construction Spending (MoM) (Mar) 2012-05-01 02:00 GMT | United States ISM Manufacturing (Apr) FOREX NEWS : 2012-05-01 01:32 GMT | Australia 1Q House Price Index (YoY) -4.5% 2012-05-01 01:30 GMT | Australia House Price Index (QoQ) -1.1% in 1Q 2012-05-01 01:00 GMT | China Apr NBS Manufacturing PMI increase to 53.3 2012-05-01 00:20 GMT | USD/JPY capped below 80.00 -------------- EURUSD : 1.32457 / 1.32462 DAILY WEEKLY MONTHLY ![]() 1.3423 | 1.3367 | 1.3313 | 1.3269 1.3208 | 1.3156 | 1.3104 | 1.3057 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The EURUSD formed a top on yesterday’s session at 1.3269 (R1) and then fell forming a new low at 1.3208. Now it seems it is moving away from this level to retest the resistance levels. A break above 1.3269 (R1) would suggest a target of 1.3313 (R2) and a further rise will then focus on the next target at 1.3367 (R3). On the downside, if the price breaks below the first support level of 1.3208 (S1) we can expect retesting of 1.3156 (S2). A further decline will then bring focus to the next support level at 1.3104(S3). --------------- GBPUSD : 1.62263 / 1.62276 DAILY WEEKLY MONTHLY ![]() 1.6481 | 1.6413 | 1.6367 | 1.6301 1.6207 | 1.6134 | 1.6078 | 1.6009 SUMMARY : Up TREND : Up trend MA10 : Bearish MA20 : Bearish STOCHASTIC : Overbought MARKET ANALYSIS - Intraday Analysis After a successful run since the beginning of April, GBPUSD formed a top in yesterday’s trading session at 1.6301 (R1) and fell creating a support level near 1.6200. Yesterday the price was able to break above the same level (S1), and now is moving downwards for a correction. Our recommendation for today’s trading session is look for long position between 1.6200 and 1.6134 level. A stop loss should be placed at 1.6078 (S3). -------------- USDJPY : 79.764 / 79.766 DAILY WEEKLY MONTHLY ![]() 81.43 | 81.04 | 80.65 | 80.21 79.13 | 78.57 | 78.19 | 77.57 SUMMARY : Down TREND : Down trend MA10 : Bearish MA20 : Bearish STOCHASTIC : Oversold MARKET ANALYSIS - Intraday Analysis USDJPY fell and penetrated successfully our support levels forming a new low at 79.70. A break below that level would suggest target at 78.57 (S2). Look for short positions targeting second support as both of our Moving Averages turned bearish. A stop loss should be placed at 80.21 (R1). Source: FX Central Clearing Ltd, (http://www.fxcc.com) |
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#8 |
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I'm ready to invest!
Join Date: Nov 2011
Posts: 32
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Daily Forex Market by FXCC 02Mai2012
EUR/USD stuck in the middle with 1.3235 EUR/USD is recovering at 1.3228 part of today's Asia-Pacific session losses, bouncing from lows at 1.3205, after falling from session highs around 1.3240. The pair is marginally lower by -0.09% from yesterday's open, with local share markets on the rise overall Nikkei +0.33% and Hang Seng +1.15%. The London session ahead brings different EU countries PMI and job figures, starting with Italy, France and Germany PMI figures around 07:45 GMT, Germany unemployment at 07:55 GMT, followed by EU PMI at 08:00 GMT and Italy unemployment at same hour, Italy PPI at 09:00 GMT and UE unemployment at same hour. No major sovereign debt auctions will take place today, while Ecofin is scheduled for all morning long. GBP/JPY is marginally higher in Asia-Pacific at 130.09 from an open around 129.90, though retreating from session highs at 130.26. The cross is still lower for the week by -0.36%. AUD/USD is currently at session highs 1.0343, bouncing from session lows 1.0327. The pair found support this Tuesday at 1.0305 after the massive sell-off following the RBA 50bps rate cut yesterday sending AUD/USD from above 1.0400 to mentioned day lows. It is down by -0.79% from yesterday's Asia-Pacific open price. Read More https://support.fxcc.com/email/technical/02052012/ UPCOMING EVENTS : 2012-05-02 07:30 GMT Switzerland SVME - Purchasing Managers' Index (Apr) 2012-05-02 08:00 GMT Germany Purchasing Manager Index Manufacturing (Apr) 2012-05-02 08:00 GMT Germany Unemployment Change (May) 2012-05-02 08:00 GMT European Monetary Union Purchasing Manager Index Manufacturing (Apr) FOREX NEWS : 2012-05-02 02:38 GMT China: HSBC PMI up at 49.3 vs 48.3 2012-05-02 01:11 GMT USD/JPY can't break above 80.30 2012-05-02 01:03 GMT New Zealand Apr ANZ Commodity Price -4.5% 2012-05-02 00:20 GMT AUD/USD capped below 1.0350 ---------------- EURUSD 1.32155 / 1.32161 DAILY WEEKLY MONTHLY ![]() 1.3443 | 1.3381 | 1.3347 | 1.3283 1.3203 | 1.3156 | 1.3104 | 1.3051 SUMMARY : Neutral TREND : Sideway MA10 : Bearish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The EURUSD didn’t made any significant moves yesterday as it traded in a consolidation mode between the 1.3203 (S1) and 1.3283 (R1) levels. A break below 1.3203 would suggest a target at 1.3156 (S2) and further fall will then focus on 1.3104 (S3) a strong technical and psychological level. On the other hand if the price manages to stay above the first support (S1) level we expect the price to retest 1.3283 (R1) and a break above that level will concentrate our focus on 1.3381(R3). --------------- GBPUSD : 1.62275 / 1.62282 DAILY WEEKLY MONTHLY ![]() 1.6392 | 1.6349 | 1.6301 | 1.6247 1.6186 | 1.6134 | 1.6078 | 1.6009 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The GBPUSD fell yesterday and was supported at 1.6186 (S1) a strong technical level (correction). The price then rose and was able to break above yesterday's resistance completing a close just above our Fibonacci level 38.2%. We expect the price to move upwards and to retest our resistance levels at 1.6247 (R1) and 1.6301 (R2). A stop loss should be placed at 1.6186 (S1). ------------- USDJPY : 80.364 / 80.369 DAILY WEEKLY MONTHLY ![]() 81.89 | 81.45 | 81.04 | 80.65 80.05 | 79.65 | 79.13 | 78.67 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bullish STOCHASTIC : Oversold MARKET ANALYSIS - Intraday Analysis The USDJPY moved closer to support levels at 79.65, retested it twice but didn’t manage to break below it. After that, the price rise and was supported at that level. If price will be able to break above today’s first resistance level at 80.65 (R1) would suggest target at 81.04 (R2). On the downside, a break below 80.05 (S1) would suggest target at 79.65 (S2) and further fall will then be limited at 79.13 (S3). Source: FX Central Clearing Ltd, (http://www.fxcc.com) |
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#9 |
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Daily Forex Market by FXCC 03Mai2012
EUR/USD below 1.3150 ahead of ECB EUR/USD is currently at 1.3145 off session lows at 1.3137, coming lower from NY session highs 1.3167, in a relatively quiet Asia-Pacific session with Tokyo closed for holiday. Local open share markets trade in the red over all, with Shanghai index leading the way lower with some -1.85%. The London session ahead shows a busy agenda though not because of many risk events but because of very key ones, including ECB interest rate statement at 11:45 GMT this time extraordinarily coming from Barcelona, followed by press conference at 12:30 GMT. Also at 09:00 GMT will come EU monthly PPI, but more importantly, two major bond auctions will take place along the European morning, from Spain and France at 08:30 and 08:50 GMT respectively. Cable is quietly trading within a tight range 1.6207/1.6188 since early NY, last at 1.6195, lower by -0.15% since yesterday's Asia-Pacific open. The pair is down for the week some -0.43% after hitting fresh 7-month highs Monday at 1.6301, now retreating from there with weekly lows yesterday at 1.6162. Read More https://support.fxcc.com/email/technical/03052012/ UPCOMING EVENTS : 2012-05-03 08:30 GMT | United Kingdom Purchasing Manager Index Services (Apr) 2012-05-03 09:00 GMT | European Monetary Union Producer Price Index (YoY) 2012-05-03 09:00 GMT | European Monetary Union Producer Price Index (MoM) 2012-05-03 11:45 GMT | European Monetary Union ECB Interest Rate Decision FOREX NEWS : 2012-05-03 04:00 GMT | EUR/USD below 1.3150 ahead of ECB 2012-05-03 03:33 GMT | AUD/CAD hits fresh 5-month low 1.0146 2012-05-03 00:57 GMT | GBP/USD quietly trading below 1.6200 2012-05-03 00:27 GMT | USD/JPY frozen above 80.00 --------------------- EURUSD : 1.31412 / 1.31415 ![]() 1.3283 | 1.3241 | 1.3203 | 1.3168 1.3123 | 1.3104 | 1.3057 | 1.3000 SUMMARY : Down TREND : Down trend MA10 : Neutral MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The EURUSD fell and formed a bottom at 1.3123 (S1). After that the price rebounded and was able to break above yesterday’s support at 1.3168. A break above the first resistance would suggest a target of 1.3203 (R2). If price holds its momentum on the upside we can expect a further rise towards 1.3241 (R3). On the other hand, if the price does not manage to break above 1.3168 (R1) we can expect the pair to retest support at 1.3104 (S2). A break below that level would suggest target at 1.3057 (S3). -------------- GBPUSD : 1.61897 / 1.61905 DAILY WEEKLY MONTHLY ![]() 1.6374 | 1.6301 | 1.6248 | 1.6209 1.6160 | 1.6128 | 1.6075 | 1.6013 SUMMARY : Down TREND : Down trend MA10 : Neutral MA20 : Neutral STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The GBPUSD rebounded from 1.6301 (R3) yearly high and then fell, forming a bottom at 1.6160 (S1). A break below the first support level (S1) would suggest a target of 1.6128 (S2) and a further fall will be limited at 1.6075 (S3). On the other hand, if price holds its momentum on the upside we can expect a rise and retest towards 1.6209 (R1). A break above that level will then bring focus to the next resistance level at 1.6248 (R2). ------------ USDJPY : 80.202 / 80.207 DAILY WEEKLY MONTHLY ![]() 81.94 | 81.43 | 81.04 | 80.65 80.05 | 79.65 | 79.08 | 78.67 SUMMARY : Neutral TREND : Sideway MA10 : Neutral MA20 : Neutral STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis The USDJPY didn’t made any significant moves in yesterday’s session as it traded in a consolidation mode between the 80.05 (S1) and 80.65 (R1) levels. A break below 80.05 would suggest a target at 79.65 (S2) and further fall will then focus on 79.08 (S3) a strong technical and psychological level. On the other hand if the price manages to stay above the first support (S1) level we expect the price to retest 80.65 (R1) and a break above that level will concentrate our focus on 81.43(R3). Source: FX Central Clearing Ltd, (http://www.fxcc.com) |
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#10 |
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I'm ready to invest!
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Daily Forex Market by FXCC 10Mai2012
Greece expected to leave the Eurozone Global markets continued to fall, including equities, and commodities as investors were in full risk aversion mode. Traders are moving in droves to the safe harbor, of the US dollar and the Japanese Yen. Political turmoil ranging from France to Greece has upset markets. The EU had stated that they will without the rest of the bailout money from Greece until political issues are resolved. In Spain, the government has had to step in and take over the largest bank, Bankia. Economic worries have spooked markets and forced Spain’s borrowing costs to skyrocket.Gold continues to decline along with oil. Yesterday the EIA release crude oil inventory reports showing that crude oil inventories had continued to rise. In early morning Asian news, equity markets continued to decline, as data released in China showed a continued slowdown, while Australia reported a better the forecast unemployment report. Read More https://support.fxcc.com/email/technical/10052012/ UPCOMING EVENTS : 12:00 : GBP Interest Rate Decision 13:30 : CAD Trade Balance 13:30 : USD Trade Balance 13:30 : USD Initial Jobless Claims FOREX NEWS : Trade surplus wider than expected in April AUD/USD dives on worse than expected China data, back below 1.0100 GBP/AUD off from fresh yearly highs 1.6074 back below 1.6000 EUR/AUD slips after upbeat Aus. jobs data --------------- EURUSD 1.29611 / 1.29614 DAILY WEEKLY MONTHLY ![]() 1.2804 | 1.2858 | 1.2896 1.2988 | 1.3042 | 1.308 SUMMARY : Bearish TREND : Down trend MA10 : Bearish MA20 : Bearish STOCHASTIC : Bearish MARKET ANALYSIS - Intraday Analysis The euro is weak, having lost close to 0.2% against the USD, but still trading within Wednesdays range. The inability to break below 1.2955 was reassuring for EUR bulls in an environment where most drivers are turning rapidly bearish. Having broken the 1.2955 in yesterday, we will see the bears continue to gain strength. The markets are taking a breather this morning as the euro has recovered to 1.2951 after opening at 1.2927 It seems to be moving down again now and if there is a break below 1.2922 that could lead to an acceleration of the move lower, with support at 1.2818 targeted from both a monthly and a weekly pivot. A recovery on the other hand would most likely see the exchange rate struggle higher to fill the gap at 1.3080. ------------------ GBPUSD 1.61460 / 1.61469 DAILY WEEKLY MONTHLY ![]() 1.5996 | 1.6032 | 1.6084 1.6172 | 1.6208 | 1.626 SUMMARY : Neutral TREND : Down trend MA10 : Bearish MA20 : Bearish STOCHASTIC : Bearish MARKET ANALYSIS - Intraday Analysis The 1.6142 line is now fluid, after providing support for the past two weeks. This is followed by the psychologically important support level of 1.60, which could be tested if the dollar continues to rally. Next, 1.5930, which saw a lot of movement by the pair in April, has been providing strong support for the pair. Below, there is support at 1.5805, which also was tested in April. The next support level is 1.5750, which has provided support since mid-March. The final line for now is 1.5648, which was last tested in March. Overall technicals are mixed ‐ indicators that remain bullish are waning, though near term support is found at the 21 day MA-1.6098. Resistance remains at the 9 day MA -1.6189 ---------------- USDJPY : 79.702 / 79.707 DAILY WEEKLY MONTHLY ![]() 78.9506 | 79.1933 | 79.4551 79.9596 | 80.2023 | 80.4641 SUMMARY : Bearish TREND : Down trend MA10 : Bullish MA20 : Bearish STOCHASTIC : Bearish MARKET ANALYSIS - Intraday Analysis Technical are showing bearish ‐ the value of the RSI indicator is negative and declining, MACD is thinly negative and steady, while CCI has crossed down the 100 line on the 1-hour chart, giving over all short signals. A break above yesterday's top and nearest resistance 80.08 would encourage further recovery of the dollar. Immediate support is today's bottom at 79.60, and consistent break below it could strengthen the yen further down towards next target 78.76. Source: FX Central Clearing Ltd, (http://www.fxcc.com) |
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