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Daily Forex Market by FXCC 09Feb2012 Australia’s dollar reached C$1.0784 on Wednesday, its highest level versus the loonie since May 1997. The euro fell 0.1 percent to $1.3245 as of 8:30 a.m. in Tokyo from the close in New York yesterday. The European currency declined 0.1 percent to 102.03 yen. The dollar was unchanged at 77.04 yen. The pound was little changed at $1.5811 after losing 0.5 percent yesterday. USD/CHF has been consolidating since a sell off around the 0.9100 area on Tuesday, trading a limited range between 0.9104 and 0.9148 overnight and then through Wednesday before ending the trading session in New York virtually unchanged, at 0.9120. Read More UPCOMING EVENTS 2012-02-09 01:30 GMT China Consumer Price Index (YoY) (Jan) 2012-02-09 12:00 GMT United Kingdom BoE Interest Rate Decision (Feb 9) 2012-02-09 12:00 GMT United Kingdom BoE Asset Purchase Facility (Feb) 2012-02-09 12:45 GMT EU - ECB Interest Rate Decision (Feb 9) FOREX NEWS 2012-02-09 05:02 GMT | Japan: Consumer Confidence Index (Jan): 40 2012-02-09 01:04 GMT | China PPI (YoY) improves to 2.7% in Jan from 1.7% 2012-02-09 01:04 GMT | China Jan Consumer Price Index (YoY) rises to 4.2% 2012-02-09 00:34 GMT | AUD/JPY gently offered; off 4-month highs -------------- EURUSD 1.32997 / 1.33004 DAILY WEEKLY MONTHLY High: 1.33124 | Low: 1.32149 | Chg: 0.0039 0.29% Resistance Levels: 1.3431 | 1.3398 | 1.3375 | 1.3340 Support Levels : 1.3205 | 1.3162 | 1.3096 | 1.3026 SUMMARY : up TREND : up trend MA10 : Bullish MA20 : bullish STOCHASTIC : neutral MARKET ANALYSIS - Intraday Analysis EURUSD managed to stay above 1.3242 after the breakout and now it seems that is moving upwards with a strong bullish momentum. The next upward target is set at 1.3340 (R1) and will then focus on 1.3375 (R2). Look for long positions in today’s trading session as we expect the EURUSD to continue its uptrend move. --------------- GBPUSD 1.58376 / 1.58388 DAILY WEEKLY MONTHLY High: 1.58476 | Low: 1.57926 | Chg: 0.0022 0.14% Resistance Levels: 1.5989 | 1.5964 | 1.5929 | 1.5869 Support Levels : 1.5788 | 1.5729 | 1.5704 | 1.5655 SUMMARY : up TREND : up trend MA10 : Bullish MA20 : bullish STOCHASTIC : neutral MARKET ANALYSIS - Intraday Analysis GBPUSD found a strong support at 1.5788 (S1) level and now the pair seems to be heading towards level 1.5869 (R1) for a retest. A break above that level would suggest a target of 1.5929 (R2) record high since October 2011 and a further rise will then focus on the next target at 1.5964 (R3) a technical and psychological level. Look for long positions as both of our Moving Averages turned bullish. ---------------- USDJPY 77.196 / 77.198 DAILY WEEKLY MONTHLY High: 77.233 | Low: 77.004 | Chg: 0.166 0.22% Resistance Levels : 78.71 | 78.39 | 77.93 | 77.56 Support Levels : 76.83 | 76.49 | 76.25 | 76.01 SUMMARY : up TREND : up trend MA10 : Bullish MA20 : bullish STOCHASTIC : overbought MARKET ANALYSIS - Intraday Analysis USDJPY gained momentum and formed higher bottoms and now is moving towards 77.56 (R1) a technical and psychological resistance level for the bullish. A break above that level, can expect the price to retest 77.93 (R2). On the downside, decline below 76.83 will confirm our short positions towards 76.25 (S3) and then 76.01 (S4). Source: FX Central Clearing Ltd, (http://www.fxcc.com) URL: https://support.fxcc.com/email/technical/09022012

Daily Forex Market by FXCC 08Feb2012 The euro was 0.1 percent from an eight-week high.. The euro traded at $1.3252 as of 8:30 a.m. in Tokyo from $1.3261 in New York yesterday, when it climbed to as high as $1.3270, the most since Dec. 12. The shared currency was little changed at 101.80 yen after advancing 1.3 percent to 101.79 yen yesterday. The yen was at 76.80 per dollar from 76.76. GBP/USD ranged below 1.5900, the British pound hit a fresh 3-month high versus the greenback, peaking at 1.5903 from an earlier low of 1.5786 before experiencing a slight pullback to end the American session at 1.5894, up circa 0.47% on the day. EUR/CHF rose more than 40 pips throughout Tuesday and hit its highest rate since Jan 25 at 1.2100 before retreating. Interim head of the SNB, Thomas Jordan, confirmed Tuesday that the SNB is determined to maintain the minimum exchange rate at circa 1.20. Read More UPCOMING EVENTS 2012-02-08 05:01 GMT Japan Eco Watchers Survey: Current (Jan) 2012-02-08 05:01 GMT Japan Eco Watchers Survey: Outlook (Jan) 2012-02-08 06:45 GMT Switzerland Unemployment Rate n.s.a (MoM) (Jan) 2012-02-08 07:00 GMT GermanyTrade Balance s.a. (Dec) FOREX NEWS 2012-02-08 06:32 GMT EUR/USD breaks higher ahead of London 2012-02-08 05:10 GMT Japan Jan Eco Watchers Survey: Outlook 47.1 2012-02-08 00:01 GMT United Kingdom Jan BRC Shop Price Index (MoM) 1.4% 2012-02-08 00:00 GMT Japan Trade Balance - BOP Basis ¥-145.8B in Dec -------------------- EURUSD 1.32725 / 1.32729 DAILY WEEKLY MONTHLY High: 1.32866 | Low: 1.32414 | Chg: 0.0013 0.09% 1.3398 | 1.3371 | 1.3340 | 1.3313 1.3205 | 1.3096 | 1.3026 1.2979 SUMMARY : up TREND : up trend MA10 : bullish MA20 : bullish STOCHASTIC : overbought MARKET ANALYSIS - Intraday Analysis EURUSD has successfully broken above yesterday's resistance of 1.3141 and took out our 2 targets that were set below 1.3205. The price broke above that level and this is a valid breakout of the trading range (H4). Traders that held their positions as per yesterday’s analysis, saw gains of +150. The price now seems to be heading towards 1.3313 (R1). If the pair fails to reach that level we can expect the price to retest 1.3241 and then to continue its upward move as we are in a clear uptrend in the intraday timeframe since the beginning of February. Look for long positions as the momentum is upwards. --------------- GBPUSD 1.59098 / 1.59106 DAILY WEEKLY MONTHLY High: 1.59179 | Low: 1.58859 | Chg: 0.0017 0.11% 1.6137 | 1.6014 | 1.5987 | 1.5940 1.5860 | 1.5831 | 1.5788 | 1.5729 SUMMARY : up TREND : up trend MA10 : Bullish MA20 : bullish STOCHASTIC : overbought MARKET ANALYSIS - Intraday Analysis GBPUSD saw a sharp rise yesterday and broke above 1.5882, the second target in yesterday’s analysis (+80) and continued to rise from 1.5788 (S3) forming a top at 1.5900 . If the GBPUSD holds above that level we can expect a target at 1.5940 (R1). A further rise will then focus on 1.5987 (R3). On the other hand, if the price does not manage to hold above 1.5884 we can expect the price to move downwards and retest the first support level at 1.5860 (S1) a technical and psychological level for the bulls. We believe the upward momentum will continue. --------------- USDJPY 77.082 / 77.087 DAILY WEEKLY MONTHLY High: 77.155 | Low: 76.739 | Chg: 0.325 0.42% 78.32 | 77.92 | 77.68 | 77.15 76.49 | 76.25 | 76.01 | 75.54 SUMMARY : up TREND : up trend MA10 : Bullish MA20 : bullish STOCHASTIC : neutral MARKET ANALYSIS - Intraday Analysis USDJPY gained momentum yesterday and made a top at 77.15 (S1) penetrating all of our resistance levels. A break above 77.15 (R1), our first resistance level, will give us a proper confirmation for long positions targeting 77.92 (R3). On the downside, if the price rebounds from the current resistance level we can expect retesting at 76.49 (S1). A further fall will then bring focus to the next support level at 76.25 (S2) and 76.01 (S3) a technical and psychological level. Source: FX Central Clearing Ltd, (http://www.fxcc.com) URL: https://support.fxcc.com/email/technical/08022012

Daily Forex Market by FXCC 07Feb2012 Euro in limbo due to Greece stalemate.. The euro traded at $1.3122 as of 8:08 a.m. in Tokyo from $1.3130 in New York yesterday when it fell 0.2 percent. EUR/USD is trading a tight 1.3109-33 range in Tuesday’s Asia-Pacific session, last seen printing in the 1.3120 price zone, just above the 50-day EMA. The common currency was little changed at 100.47 yen after losing 0.3 percent yesterday. The dollar fetched 76.56 yen from 76.55. GBP/USD is trading in consolidation mode after rising around 100 pips during the days sessions from an intra-day low at 1.5730 to reach a daily high at 1.5840 on the back of talks on a possible Greece agreement. The pair is pricing at 1.5825, moving in a small range between 1.5820 and 1.5830. USD/CHF falls below 0.9200. The Dollar is currently trading lower versus the Swiss Franc. After testing highs at 0.9260, the USD/CHF fell sharply losing more than 90 pips to reach levels below 0.9200 and trade close to 0.9180. Price has been hitting 0.9200 in the early part of the Asian/Pacific session. AUD/USD has been (late evening/early morning) in a consolidation range, trading between 1.0680 and 1.0763, ending the day lower at 1.0723, 25 pips below its starting price. In the Asia-Pacific session the paring is virtually unchanged, hovering circa 1.0720, as investors await the RBA interest rate decision. The Canadian currency, nicknamed the loonie, appreciated 0.9 percent to 99.34 cents per U.S. dollar yesterday in Toronto, from C$1.0018 on Jan. 27, the longest winning streak since the four weeks ended Oct. 28. The loonie touched 99.28 cents yesterday, the most since Oct. 31. One Canadian dollar buys $1.0066. At 1:00 am the price is currently 99.61 down 0.02 in the first part of the Asian/Pacific session. Read More UPCOMING EVENTS 2012-02-07 03:30 GMT | Australia RBA Interest Rate Decision (Feb 7) 2012-02-07 05:00 GMT | Japan Leading Economic Index (Dec) Preliminar 2012-02-07 11:00 GMT | Germany Industrial Production s.a. w.d.a. (YoY) (Dec) 2012-02-07 11:00 GMT | Germany Industrial Production s.a. (MoM) (Dec) FOREX NEWS 2012-02-07 05:03 GMT | Japan Dec Coincident Index increase to 93.2 2012-02-07 05:02 GMT | Japan: Leading Economic Index (Dec): 94.3 2012-02-07 03:30 GMT | RBA Interest Rate Decision steadies at 4.25% in Feb 7 2012-02-07 00:01 GMT | UK - BRC Retail Sales Monitor - All (YoY) -0.3% in Jan --------------- EURUSD 1.31137 / 1.31144 DAILY WEEKLY MONTHLY High: 1.31366 | Low: 1.30891 | Chg: -0.0017 -0.13% 1.3247 | 1.3205 | 1.3167 | 1.3141 1.3026 | 1.2962 | 1.2909 | 1.2873 SUMMARY : up TREND : sideway MA10 : bullish MA20 : bullish STOCHASTIC :: neutral MARKET ANALYSIS - Intraday Analysis Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo. --------------- GBPUSD 1.58071 / 1.58081 DAILY WEEKLY MONTHLY High: 1.58314 | Low: 1.57962 | Chg: -0.0016 -0.1% 1.5919 | 1.5882 | 1.5860 | 1.5831 1.5729 | 1.5704 | 1.5653 | 1.5604 SUMMARY :up TREND : up trend MA10 : Bullish MA20: bullish STOCHASTIC : oversold MARKET ANALYSIS - Intraday Analysis Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo. --------------- USDJPY 76.665 / 76.669 DAILY WEEKLY MONTHLY High: 76.78 | Low: 76.517 | Chg: 0.118 0.15% 77.92 | 77.68 | 77.29 | 76.80 76.49 | 76.25 | 76.01 | 75.54 SUMMARY : up TREND : up trend MA10 : bullish MA20 : bullish STOCHASTIC : oversold MARKET ANALYSIS - Intraday Analysis Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo. Source: FX Central Clearing Ltd, (http://www.fxcc.com) URL: https://support.fxcc.com/email/technical/07022012

Daily Forex Market by FXCC 06Feb2012 The euro weakened versus 13 of its 16 major counterparts USD/JPY opened the Asian trading session on Monday morning with an upside-gap price of 76.59, up from 76.54 Friday down from the recent (4-day high) of 76.13 printed last week. The euro fell 0.2 percent to $1.3129 as of 8:15 a.m. in Tokyo from the close in New York on Feb. 3. It lost 0.3 percent to 100.50 yen. GBP/USD has traded a limited 1.5785/1.5823 range at the start of trading this Monday, last at 1.5800. AUD/USD has been slowly declining since Tokyo opened at 00:00 GMT. Data for both retail sales and jobs ads were disappointing in Aus., retail sales fell -0.1% expected to come in positive +0.2%, newspaper job ads fell -2.6% internet job ads rose +6.4. USD/CAD. After falling around 100 pips from its intra-day high at 1.0040, the Dollar has found support versus the Canadian at the lowest level seen since October 31 at 0.9930. Read More UPCOMING EVENTS 2012-02-06 00:31 GMT | Australia Retail Sales s.a. (MoM) (Dec) 2012-02-06 08:00 GMT | United Kingdom Halifax House Prices (3m/YoY) (Jan) 2012-02-06 09:30 GMT | EU - Sentix Investor Confidence (Feb) 2012-02-06 11:00 GMT | Germany Factory Orders s.a. (MoM) (Dec) FOREX NEWS 2012-02-06 05:43 GMT | GBP/USD pressured in risk-off Asia 2012-02-06 03:38 GMT | AUD/USD trades down to 1.0700 2012-02-06 00:32 GMT | Australia ANZ Job Advertisements 6% in Jan 2012-02-06 00:31 GMT | Australia Dec Retail Sales s.a. (MoM) -0.1% -------------- EURUSD 1.30599 / 1.30605 DAILY WEEKLY MONTHLY High: 1.31307 | Low: 1.30545 | Chg: -0.0097 -0.74% 1.3274 | 1.3241 | 1.3205 | 1.3167 1.3026 | 1.2986 | 1.2947 | 1.2909 SUMMARY : Down TREND : down trend MA10 : bearish MA20 : Bearish STOCHASTIC : overbought MARKET ANALYSIS - Intraday Analysis The EURUSD continued to rise from 1.3026 (S1) and reached a high yesterday at 1.3205 (R2). It seems the pair is moving downwards and it will retest the first support 1.3026 (S1) soon. A break below that level would suggest a target of 1.2986 (S2) and a further decline will then focus on the next target at 1.2947 (S3). On the upside, if the price rebounds from the first support level 1.3026 (S1) we can expect retesting of 1.3167 (R1). A further rise will then bring focus to the next resistance level at 1.3205 (R2). -------------- GBPUSD 1.57723 / 1.57738 DAILY WEEKLY MONTHLY High: 1.58217 | Low: 1.5765 | Chg: -0.0044 -0.28% 1.5913 | 1.5882 | 1.5860 | 1.5831 1.5749 | 1.5704 | 1.5653 | 1.5615 SUMMARY : Down TREND : down trend MA10 : bearish MA20 : Bearish STOCHASTIC : neutral MARKET ANALYSIS - Intraday Analysis The GBPUSD is under bearish pressure as it is approaching towards a crucial support level 1.5749 (S1). The pair reached a high at 1.5882 (R3) and then fell back towards 1.5749 (S1). Further fall will test 1.5704 (S2) and decline below this level, suggesting target at 1.5653 (S3). On the other hand, if price manages to stay above 1.5749 (S1) then we expect the price to retest 1.5831 (R1) and then further rise to 1.5860 (R2). We look for short positions in today’s session with a stop loss above 1.5831 (R1). -------------- USDJPY 76.705 / 76.708 DAILY WEEKLY MONTHLY High: 76.802 | Low: 76.494 | Chg: 0.118 0.15% 77.97 | 77.58 | 77.29 | 76.89 76.01 | 75.54 | 75.05 | 74.69 SUMMARY : up TREND : up trend MA10 : Bullish MA20 : bullish STOCHASTIC : overbought MARKET ANALYSIS - Intraday Analysis USDJPY rise sharply on Friday (70 pips) and made a top at 76.74. If it breaks above first resistance level 76.89 (R1) we can expect the price to approaches towards 77.29 (R1). Be on the alert for a correction downwards towards 76.49 and then a continuation to an upward move. Both of our Moving Averages are pointing to a bullish signal. We believe that the bullish pressure will continue. Source: FX Central Clearing Ltd, (http://www.fxcc.com) URL: https://support.fxcc.com/email/technical/06022012

Daily Forex Market by FXCC 02Feb2012 MARKET OVERVIEW – FEBRUARY 02 2012 Cable puts on over 600 pips inside two weeks The dollar was at $1.3169 per euro as of 8:13 a.m. in Tokyo from $1.3161 in New York yesterday. It slid to $1.3234 on Jan. 27, the lowest since Dec. 13. The yen dipped 0.1 percent to 100.35 per euro after losing 0.5 percent yesterday. The Japanese currency was little changed at 76.19 per dollar and within only one yen of a record high set on Oct. 31 suggesting further BOJ intervention (by selling the yen) is only a matter of time. The GB pound traded above the 1.5800 mark, levels not seen since past November 2011. After bottoming at 1.5236 past Jan 13th, the pair has seen a steady winning strike adding over 600 pips during the past 2 weeks. The Swiss Franc bounced from the low of 0.9115 on Wednesday, the lowest level seen since December 2nd and the December 27 low. The pair began to rise at this level to gain 50 pips reaching prices above 0.9150, however, in early Asian trading the pair is now back printing quotes at 0.91340. UPCOMING EVENTS 2012-02-02 00:30 GMT | Australia Trade Balance (Dec) 2012-02-02 07:00 GMT | Switzerland Trade Balance (Dec) 2012-02-02 10:00 GMT | EU - Producer Price Index (YoY) (Dec) 2012-02-02 10:00 GMT | EU - Producer Price Index (MoM) (Dec) FOREX NEWS 2012-02-02 05:35 GMT | EUR/USD capped by 1.3200 in Asia 2012-02-02 05:14 GMT | EUR/JPY; bullish key reversal pattern confirmed 2012-02-02 00:33 GMT | Australia Dec Trade Balance 1.71B 2012-02-02 00:32 GMT | Australia Building Permits (MoM) -1% in Dec EURUSD 1.31752 / 1.31758 DAILY WEEKLY MONTHLY High: 1.31965 | Low: 1.31583 | Chg: 0.0015 0.11% Resistance Levels :1.3372 | 1.3332 | 1.3267 | 1.3234 Support Levels : 1.3133 | 1.3075 | 1.3024 | 1.2962 SUMMARY up TREND up trend MA10 neutral MA20 neutral STOCHASTIC neutral -------------- MARKET ANALYSIS - Intraday Analysis EURUSD made a high at 1.3218 just a few pips away from the year high and our first resistance 1.3234 (R1) as it continued its move upwards (since January 13th). Going above the nearest resistance level at 1.3234 (R1) would confirm continuation of the bullish trend, towards the next objective upwards 1.3267 (R1). And if the price holds its momentum on the upside we can expect a further rise towards 1.3332 (R3). On the other hand, if the price does not manage to break above 1.3234 (R1) then we can expect the pair to retest support at 1.3133 (S1) and a further fall will be limited to 1.3075 (S2). GBPUSD 1.58478 / 1.58493 DAILY WEEKLY MONTHLY High: 1.58573 | Low: 1.58256 | Chg: 0.0015 0.09% Resistance Levels : 1.5984 | 1.5967 | 1.5924 | 1.5882 Support Levels : 1.5798 | 1.5704 | 1.5653 | 1.5551 SUMMARY up TREND up trend MA10 neutral MA20 neutral STOCHASTIC Overbought -------------- MARKET ANALYSIS - Intraday Analysis GBPUSD raised sharply yesterday and continued in rise from 1.5704 (S2) forming a top at 15882 (R1). If GBPUSD break above that level, we can expect target at 1.5924 (R2). Further rise will then focus on 1.5967 (R3). On the downside, decline below current support level 1.5798 (S1) will confirm our short positions towards 1.5704 (S2). Deeper fall will be probably be limited at 1.5653 (S3) support. USDJPY 76.123 / 76.127 DAILY WEEKLY MONTHLY High: 76.212 | Low: 76.107 | Chg: -0.087 -0.11% Resistance Levels : 78.67 | 78.13 | 76.79 | 76.42 Support Levels : 76.01 | 75.53 | 75.03 | 74.51 SUMMARY Down TREND sideway MA10 bearish MA20 Bearish STOCHASTIC overbought -------------- MARKET ANALYSIS - Intraday Analysis The USDJPY still trapped in range area of 76.42 – 76.01. A break in either direction will determine the trading bias in today’s session. Break below 76.01 will confirm our short positions targeting 75.53 (S2) and further fall will be limited at 75.03 (S3). On the other hand, a break above the first resistance level 76.42 (R1) will expect t the price to retest 76.79 (R2). In a longer time frame the pair is in a downtrend and both of our Moving Averages are bearish therefore wait for a break below 76.01 (S1) and then open a short position targeting second support level. A stop loss should be placed above 76.79 (R2). Source: FX Central Clearing Ltd, (http://www.fxcc.com) URL: https://support.fxcc.com/email/technical/02022012

Daily Forex Market by FXCC 01Feb2012 MARKET OVERVIEW – FEBRUARY 01 2012 EUR/USD slips to five day lows due to a flight to safety The euro traded at $1.3090 as of 8:00 a.m. in Tokyo from $1.3084 in New York yesterday where it slid by 0.5 percent. The seventeen nation shared common currency was little changed at 99.88 yen after touching 99.55 yesterday, the lowest price seen since Jan. 23. The dollar bought 76.31 yen from 76.27. USD/JPY dipped to as low as 76.15 on Tuesday, extending its decline to a fresh 3-month low. GBP/USD rallied to a zone at circa 1.5795 on Tuesday, reaching fresh 2-month highs from an earlier low of 1.5697. The pair ended the American session at 1.5754, 0.3% above its opening price. The amount of retail FX traders who are long Euro vs the Swissy has hit record highs according to the team at Daily FX, most expect that the Swiss National Bank will defend their stated Euro/Swiss Franc exchange rate at SFr 1.2000. Over 96% of retail traders are long. NZD/USD opened Wednesday’s Asia-Pacific session with a bid appearance after peaking and closing at its highest price in four months. The pair climbed to the 0.8300 price zone overnight, up from a low of 0.8176. NZD/USD ended the American session at 0.8259, 0.85% up on the day. The Australian dollar surrendered most of its earlier gains versus the U.S. dollar on Tuesday, retreating sharply from the 1.0680 price zone. AUD/USD ended trade in New York at 1.0618, gaining 0.20% on the day.. The USD/CAD ended Tuesday with modest gains. The pair leapt from 3-month lows at 0.9962 to 1.0051. UPCOMING EVENTS 2012-02-01 01:00 GMT | China NBS Manufacturing PMI (Jan) 2012-02-01 07:00 GMT | UK - Nationwide Housing Prices n.s.a (YoY) (Jan) 2012-02-01 08:53 GMT | Germany Purchasing Manager Index Manufacturing (Jan) 2012-02-01 09:00 GMT | EU - Purchasing Manager Index Manufacturing (Jan) FOREX NEWS 2012-02-01 06:25 GMT | USD/JPY investors patiently await cues from BoJ 2012-02-01 01:09 GMT | Aussie underpinned after 50.5 China Manuf PMI 2012-02-01 01:01 GMT | China Jan NBS Manufacturing PMI up to 50.5 2012-02-01 00:03 GMT | Australia Dec HIA New Home Sales (MoM) -4.9% -------------- EURUSD 1.30373 / 1.30380 High: 1.30906 | Low: 1.30325 | Chg: -0.0044 -0.34% SUMMARY: Up INTRADAY TREND: Upward penetration MA10: Bullish MA20: Bearish STOCHASTIC: Overbought Resistance Levels: 1.3274 | 1.3233 | 1.3161 | 1.3090 Support Levels: 1.3050 | 1.2988 | 1.2931 | 1.2877 Intraday Analysis: EURUSD made a sharp move downwards and formed a bottom at 1.3050 (S1) a strong technical support level. It now seems that it is going to retest 1.3050 (S1). A break below that level will be suggesting target at 1.2988 (S2) as we are in a correction phase of our uptrend. On the other hand if the price manages to break above 1.3090 (R1) we will then expect the price to retest 1.3161 (R2) and then further rise will then approach towards 1.3233 (R3). --------------- GBPUSD 1.57329 / 1.57334 High: 1.57666 | Low: 1.57277 | Chg: -0.0027 -0.17% SUMMARY: Down INTRADAY TREND: Downtrend MA10: Bearish MA20: Bearish STOCHASTIC: Neutral Resistance Levels: 1.6027 | 1.5945 | 1.5860 | 1.5726 Support Levels: 1.5626 | 1.5656 | 1.5552 | 1.5515 Intraday Analysis: GBPUSD has successfully broke above yesterday resistance 1.5726 and formed a top at 1.5796 (R1) and now it seems that it is heading towards 1.5656 (S2) for a correction. Fail to break below first support level then we will expect the price to retest 1.5796 (R1) and then further rise will limit to 1.5860 (S2). Our recommendations for today’s session is short positions targeting 1.5656 (S2) with a stop loss above 1.5796 (R1). ------------- USDJPY 76.225 / 76.230 High: 76.308 | Low: 76.145 | Chg: -0.037 -0.05% SUMMARY: Neutral INTRADAY TREND: Side way MA10: Bearish MA20: Bearish STOCHASTIC: Neutral Resistance Levels: 78.28 | 77.84 | 77.28 | 76.63 Support Levels: 75.54 | 75.04 | 74.58 | 74.13 Intraday Analysis: USDJPY it is moving in trading range between the levels of 76.41 and 76.14. A break above upper level we be suggesting target at 77.28 (R2). On the other hand if the price breaks below lower level 76.14 then it will confirm our short position targeting 75.54 (S1) a technical and psychological level as it is a record low since 20 Oct. 2011. Source: FX Central Clearing Ltd, (http://www.fxcc.com) URL: https://support.fxcc.com/email/technical/01022012

Daily Forex Market by FXCC 31Jan2012 MARKET OVERVIEW – JANUARY 31 2012 Futures traders increase net shorts on the euro-dollar The yen appreciated by 1% to 100.34 per euro by 5 p.m. New York time on Monday evening having earlier touched 99.99, the lowest level witnessed since Jan. 23. The Japanese currency strengthened 0.5 percent to 76.35 per dollar, reaching 76.22. Traders will recall that the yen touched 75.35 yen on Oct. 31st, this set a post World War II record low. After falling below 76.50 and reaching a 3-month low at 76.20, USD/JPY was unable to bounce above the 76.30 level and has been trading trapped in a tight range between 76.25 and 76.30. Price is currently printing at circa 76.30. The euro declined 0.1 percent to 1.20528 Swiss francs after sliding to 1.20405, the weakest level seen since Sept. 19th. The EUR/CHF did then recover after hitting the 4-month low. The Euro rose up after reaching its lowest level in 4 months versus the Franc, climbing back above the 1.2050 level as investors awaited positive news from the EU summit. After gaining ground for ten successive days, GBP/USD finally managed to end it's secular bullish run trading in New York at 1.5707 on Monday where it remains in consolidation, having lost a moderate 0.13% on the day. Read More UPCOMING EVENTS 2012-01-31 00:01 GMT | United Kingdom Gfk Consumer Confidence (Jan) 2012-01-31 07:00 GMT | Germany Retail Sales (YoY) (Dec) 2012-01-31 08:55 GMT | Germany Unemployment Rate s.a. (Jan) 2012-01-31 10:00 GMT | European Monetary Union Unemployment Rate (Dec) FOREX NEWS 2012-01-31 05:02 GMT | Japan Dec Housing Starts (YoY) -7.3% 2012-01-31 00:31 GMT | Australia National Australia Bank's Business Confidence increase to 3 in Dec. 2012-01-31 00:04 GMT | Japan: Industrial production flat, 2.5% increase predicted in January 2012-01-31 00:02 GMT | UK - Jan Gfk Consumer Confidence rises to -29 ------- EURUSD 1.31764 / 1.31769 DAILY WEEKLY MONTHLY High: 1.31985 | Low: 1.31334 | Chg: 0.0034 0.25% Resistance Levels : 1.3347 | 1.3313 | 1.3275 | 1.3234 Support Levels : 1.3133 | 1.3075 | 1.3024 | 1.2962 SUMMARY : up TREND : up trend MA10 : Bullish MA20 : bullish STOCHASTIC : overbought MARKET ANALYSIS - Intraday Analysis The EURUSD moved upwards and managed to stay above yesterday’s support 1.3075 (S2) and now it is moving towards 1.3234 (R1). A break above that level, we are suggesting a further rise towards 1.3275 (R2) and then 1.3313 (R3). On the other hand, if the price manages to hold below 1.3234 (R1) then we can expect retest of 1.3133 (S1) and then we will focus on 1.3075 (R2). ------- GBPUSD 1.57359 / 1.57368 DAILY WEEKLY MONTHLY High: 1.57423 | Low: 1.56979 | Chg: 0.0026 0.17% Resistance Levels : 1.5879 | 1.5845 | 1.5813 | 1.5742 Support Levels : 1.5658 | 1.5626 | 1.5579 | 1.5535 SUMMARY : up TREND : up trend MA10 : Bullish MA20 : bullish STOCHASTIC : Overbought MARKET ANALYSIS - Intraday Analysis GBPUSD found a strong support at 1.5658 (S1) level and this morning the price formed a top at 1.5742.Now it seems to be heading towards level 1.5742 (R1). A break above that level would suggest a target of 1.5813 (R2) and a further rise will then focus on the next target at 1.5845 (R3). On the downside, if the price rebounds from the first resistance level we can expect retesting of 1.5658 (S1), a technical and psychological level. A further decline will then bring focus to the next support level at 1.5626 (S2). ------- USDJPY 76.322 / 76.327 DAILY WEEKLY MONTHLY High: 76.413 | Low: 76.175 | Chg: -0.009 -0.01% Resistance Levels : 78.28 | 77.55 | 76.89 | 76.42 Support Levels : 75.45 | 75.06 | 74.63 | 74.16 SUMMARY : Down TREND : down trend MA10 : bearish MA20 : Bearish STOCHASTIC : neutral MARKET ANALYSIS - Intraday Analysis USDJPY lost momentum yesterday and it is moving downwards towards our support levels. (R1). A break below 76.00 level will give us a proper confirmation for short positions targeting 75.45 (S1) and 75.06 (S2), as we expect the pair to continue its downwards pressure. A stop loss should be placed above 76.89 (S1). Source: FX Central Clearing Ltd, (http://www.fxcc.com) URL: https://support.fxcc.com/email/technical/31012012

Daily Forex Market by FXCC 30Jan2012 MARKET OVERVIEW – JANUARY 30 2012 Be mindful of SNB moves on the Swiss franc this coming week The euro traded at $1.3213 as of 8:40 a.m. in Tokyo from $1.3220 on Jan. 27 in New York. It strengthened 2.2 percent against the dollar last week. It reached a low of circa 13190.5 in early trading. The common currency was little changed at 101.130 yen, following a 0.1 percent drop on Jan. 27. The dollar fetched 76.74 yen from 76.70. EUR/CHF is now quoted around its session high of 1.2065, up from an earlier low of 1.2058 and up 0.05% so far on the day. GBP/USD has traded in a tight range of 1.5710-35 in Asia, last at circa 1.5720, down approx. 0.08% so far today. AUD/USD is virtually unchanged in early Asia-Pacific trade, holding slightly below the multi-month high of 1.0685, the pair is last quoted at 1.0610 after opening below past Friday’s closing price of 1.0637. UPCOMING EVENTS 2012-01-30 All day | European Monetary Union EU Economic Summit 2012-01-30 | Germany Consumer Price Index (YoY) (Jan) Preliminar 2012-01-30 | Germany Consumer Price Index (MoM) (Jan) Preliminar 2012-01-30 08:00 GMT | Spain - Gross Domestic Product (QoQ) (Q4) FOREX NEWS 2012-01-27 05:54 GMT | EUR/JPY dips to 101.00 2012-01-27 05:32 GMT | EUR/USD below 1.3200 in Asia 2012-01-27 01:39 GMT | Aussie struggling to hold above 1.0600 in Asia-Pacific 2012-01-27 00:49 GMT | USD/JPY recovering from oversold levels ------ EURUSD 1.31532 / 1.31539 High: 1.32241 | Low: 1.31487 | Chg: -0.0065 -0.49% SUMMARY: Up INTRADAY TREND: Uptrend MA10: Bearish MA20: Bearish STOCHASTIC: Oversold Resistance Levels: 1.3388 | 1.33311 | 1.3268 | 1.3223 Support Levels: 1.3093 | 1.3050 | 1.2952 | 1.2877 Intraday Analysis: The EURUSD continued to rise from 1.3093 (S1) and reached a high this morning at 1.3223 (R1). Following that we can see now that the price is heading for a correction towards the second support level at 1.3050 (S2). A break below that level will be suggesting target at 1.2952(S3). On the other hand, If the price will have enough momentum we can expect a rise and retest towards 1.3223 (R1) and break above that level will be suggesting target at 1.3268 (R2). ------- GBPUSD 1.56816 / 1.56828 High: 1.57309 | Low: 1.56781 | Chg: -0.0044 -0.28% SUMMARY: Up INTRADAY TREND: Uptrend MA10: Bearish MA20: Bearish STOCHASTIC: Oversold Resistance Levels: 1.5894 | 1.5861 | 1.5775 | 1.5741 Support Levels: 1.5621 | 1.5552 | 1.5515 | 1.5449 Intraday Analysis: GBPUSD broke above 1.5621 (S1) level and formed a top at 1.5741 (R1). It now seems to be heading towards the first support level 1.5621 for a retest. A break below that level would suggest a target of 1.5552 (S2) and a further decline will then focus on the next target at 1.5515 (S3). On the upside, if the price rebounds from the first support level we can expect retesting of 1.5741 (R1), a technical and psychological level. A further rise will then bring focus to the next resistance level at 1.5775 (R2). Look for short positions with a stop loss above 1.5741 (R1) as we expect the pair to move downwards. ------  USDJPY 76.686 / 76.691 High: 76.775 | Low: 76.652 | Chg: -0.015 -0.02% SUMMARY: Down INTRADAY TREND: Downtrend MA10: Bearish MA20: Bearish STOCHASTIC: Neutral Resistance Levels: 79.86 | 78.75 | 78.28 | 77.28 Support Levels: 76.53 | 76.06 | 75054 | 75.04 Intraday Analysis: USDJPY fell sharply and formed a strong support level close to 76.53 (S1) .A break below that level we suggest further decline towards 76.06 (S2). On the other hand if the price manages to stay above our first support level of 76.53(S1) then the expected target is at 77.28 (R1). Our recommendation for today is long positions with a stop loss below 76.53 (S1)- (-35 pips). Source: FX Central Clearing Ltd, (http://www.fxcc.com) URL: https://support.fxcc.com/email/technical/30012012

Daily Forex Market by FXCC 27Jan2012 MARKET OVERVIEW – JANUARY 27 2012 The dollar heads for a weekly decline The dollar bought $1.3100 per euro as of 8:57 a.m. Tokyo time from $1.3109 Thursday. It yesterday dropped as low as $1.3184 per euro, the weakest level printed since Dec. 21. The greenback was little changed at 77.48 yen. The 17-nation euro fetched 101.50 yen from 101.53, following a 0.4 percent slide yesterday. The U.S. currency has weakened 1.3 percent versus the euro this week. It has appreciated 0.6 percent versus the yen since Jan. 20. The Euro retreated versus sterling after hitting at 0.8398, which was the strongest level seen in 4 weeks. The EUR/GBP dropped from the highs to 0.8347, a new daily low, during the American session. The US Dollar gained momentum across the board versus its major peers as Wall Street turned lower later in the NY session due to bank equities sliding. GBP/USD previously above 1.5700, lost strength retreating to 1.5685. USD/CHF bottomed on Wall Street opening at 0.9155, this was the lowest price witnessed since December 2, the pair moved off session lows later in the session. The recovery of the US Dollar found resistance at 0.9185/90 Read More UPCOMING EVENTS 2012-01-27 08:00 GMT | Spain Retail Sales (YoY) (Dec) 2012-01-27 09:00 GMT | European Monetary Union M3 Money Supply (3m) (Dec) 2012-01-27 09:00 GMT | European Monetary Union M3 Money Supply (YoY) (Dec) 2012-01-27 10:30 GMT | Switzerland KOF Leading Indicator (Jan) FOREX NEWS 2012-01-27 05:20 GMT | EUR/JPY drops below 101.00 on general JPY buying interest 2012-01-27 04:01 GMT | EUR/JPY sneaks lower; 102.00 blocks rally scope 2012-01-27 00:27 GMT | Japan Retail Trade s.a (MoM) -0.4% in Dec 2012-01-27 00:04 GMT | BoJ to continue expansion of asset buying EURUSD 1.31011 / 1.31016 High: 1.31193 | Low: 1.30775 | Chg: -0.0007 -0.05% SUMMARY: Up INTRADAY TREND: Uptrend MA10: Bearish MA20: Bearish STOCHASTIC: Neutral Resistance Levels: 1.3311 | 1.3268 | 1.3218 | 1.3185 Support Levels: 1.3050 | 1.2952 | 1.2877 | 1.2813 Intraday Analysis: The EURUSD formed a top at 1.3185 (R1) and as mentioned in yesterday’s analysis we expect the price to make a correction downwards and then to continue its upward move. We expect the price to test 1.3050 (S1) a strong technical support level for the intraday, and then to bounce upwards towards 1.3185 (R1). A break above the 1.3185 level would suggest a target of 1.3218 (R2). Look for long positions around our support levels targeting 1.3218 (R2). GBPUSD 1.56865 / 1.56875 High: 1.56955 | Low: 1.56612 | Chg: -0.0002 -0.01% SUMMARY: Up INTRADAY TREND: Uptrend MA10: Bearish MA20: Bearish STOCHASTIC: Neutral Resistance Levels: 1.5894 | 1.5861 | 1.5775 | 1.5735 Support Levels: 1.5621 | 1.5552 | 1.5449 | 1.5407 Intraday Analysis: GBPUSD made a high at 1.5735 (R1) as it continued its move upwards (since January 13th). We expect the price to retest 1.5621 (S1) and then to bounce upwards towards our first resistance level of 1.5735 (R1). A break above that level will concentrate our focus on 1.5775 (R2) a technical and psychological level as it has been retested 3 times in the past (November and December of 2011) and is considered a strong resistance level.   USDJPY 77.130 / 77.134 High: 77.483 | Low: 76.897 | Chg: -0.315 -0.41% SUMMARY: Down INTRADAY TREND: Downtrend MA10: Bearish MA20: Bearish STOCHASTIC: Neutral Resistance Levels: 79.86 | 78.75 | 78.28 | 77.85 Support Levels: 76.87 | 76.54 | 76.06 | 75.54 Intraday Analysis: USDJPY made a sharp move downwards this morning and confirmed our recommendations for short positions and also for a continuation of the downtrend. We except the price to continue its downward move as it is under bearish pressure at the moment and it seems to be heading towards 76.54 (S2) and 76.06 (S3). A proper confirmation for the short positions will be when the price manages to break below the first support level of 76.87 (S1). A stop loss should be placed above 77.85(R1). Source: FX Central Clearing Ltd, (http://www.fxcc.com) URL: https://support.fxcc.com/email/technical/27012012

Daily Forex Market by FXCC 26Jan2012 MARKET OVERVIEW – JANUARY 26 2012 Cable continues it's eighth day of gains The dollar traded at $1.3112 per euro as of 8:31 a.m. in Tokyo from $1.3106 in New York yesterday, when it dropped to $1.3121, the lowest level since Dec. 21. Japan’s currency dropped to 101.98 yen per euro, the weakest since Dec. 26, before trading little changed at 101.93. The yen was at 77.76 per dollar from 77.78 yesterday, when it reached 78.28, the weakest since Nov. 29. GBP/USD traded in a wide range between circa 1.5525 and 1.5780 during Wednesday's sessions, ending trade in New York at 1.5654 reaching an eighth successive positive day, 0.20% higher on the day. New Zealand’s dollar traded little changed at 81.69 U.S. cents and 63.48 yen. Australia’s dollar fetched $1.0601 from $1.0597. It traded at 82.39 yen from 82.43 yen. Canada’s currency, nicknamed the loonie, appreciated 0.5 percent to C$1.0043 per U.S. dollar at 5 p.m. Toronto time, the strongest level on a closing basis since Oct. 31. The currency earlier dropped as much as 0.6 percent. One Canadian dollar purchases 99.57 U.S. cents. UPCOMING EVENTS 2012-01-26 07:00 GMT | Germany Gfk Consumer Confidence Survey (Feb) 2012-01-26 08:30 GMT | Italy Consumer Confidence (Jan) 2012-01-26 10:00 GMT | Italy Wage Inflation (YoY) (Dec) 2012-01-26 11:00 GMT | United Kingdom CBI Distributive Trades Survey - Realized (MoM) (Jan) FOREX NEWS 2012-01-26 05:21 GMT | EUR/USD frozen above 1.3100 in Asia 2012-01-26 02:04 GMT | EUR/JPY poised to test 102.50 2012-01-26 02:04 GMT | USD/CHF consolidating above 0.9200 2012-01-26 02:03 GMT | GBP/USD steady around 1.5650 in early Asia EURUSD 1.31184 / 1.31190 High: 1.31335 | Low: 1.30901 | Chg: 0.0013 0.1% SUMMARY: Up INTRADAY TREND: Uptrend MA10: Bullish MA20: Bullish STOCHASTIC: Overbought Resistance Levels: 1.3319 | 1.3287 | 1.3268 | 1.3204 Support Levels: 1.3050 | 1.2952 | 1.2877 | 1.2813 Intraday Analysis: After the pair formed a bottom at 1.2930 –Fibonacci 23.6%, the EURUSD was able to break above yesterday’s resistance at 1.3050 (S1) and we now expect the price to find a strong resistance around 1.3150 – September low. A break above the 1.3150 level would suggest a target of 1.3204 (R1). On the other hand if the price fails to break above 1.3150, we can expect the pair to retest 1.3050 (S1). If we consider that the price is forming a top at the current level or the top is around 1.3150 then we should expect a correction downwards and then the continuation of the uptrend.   GBPUSD 1.56637 / 1.56646 High: 1.56755 | Low: 1.56481 | Chg: 0.0007 0.05% SUMMARY: Up INTRADAY TREND: Uptrend MA10: Bullish MA20: Bullish STOCHASTIC: Neutral Resistance Levels: 1.5881 | 1.5775 | 1.5715 | 1.5680 Support Levels: 1.5627 | 1.5552 | 1.5515 | 1.5449 Intraday Analysis: GBPUSD is forming higher bottoms and is now moving towards 1.5680 (R1) to retest that level again, as it is considered a technical and psychological resistance level for the bears. A break above that level will concentrate our focus at 1.5715 (R2). On the downside, if the price declines below 1.5627 (S1) we can expect the price to retest 1.5552 (S2) and then to bounce upwards for a continuation of the uptrend (intraday).   USDJPY 77.532 / 77.537 High: 77.807 | Low: 77.522 | Chg: -0.246 -0.32% SUMMARY: Down INTRADAY TREND: Downtrend MA10: Bearish MA20: Bearish STOCHASTIC: Neutral Resistance Levels: 79.86 | 79.21 | 78.75 | 78.28 Support Levels: 77.34 | 76.54 | 75.98 | 75.58 Intraday Analysis: USDJPY made a sharp move upwards and formed a top at 78.28 (R1) and then fell and was supported at 77.53. It now seems that it is going to retest our first support level at 77.34 (S1). If it breaks below that level, we can expect the price to retest our second support at 76.54 (S2). As we mentioned in yesterday’s analysis, a break above 77.28 (R1) brings the possibility of a trend reversal into play. As long as the pair remains below that level, the price remains trapped in a trading range on the daily timeframe and a downtrend on the weekly. Source: FX Central Clearing Ltd, (http://www.fxcc.com) URL: https://support.fxcc.com/email/technical/26012012

Daily Forex Market by FXCC 25Jan2012 The dollar rose 0.8 percent to 77.67 yen at 5 p.m. in New York and touched 77.85, the highest level since Dec. 29. The greenback dropped 0.2 percent to $1.3036 per euro. The common currency rose 1 percent to 101.25 yen. The yen’s fall gained further momentum after breaking through the 70.40 yen per dollar level, which was a key technical level. The pound rose 0.4 percent to $1.5626 and appreciated 0.2 percent to 83.42 pence per euro. USD/CHF rose after Wall Street opened, rising to 0.9310 but failing to hold gains above the crucial round number of 0.9300 and retreated. The US Dollar lost the majority of the gains, falling to 0.9275 ending the day circa 0.9280, a nominal gain of 0.05% on the day. Read More 2012-01-25 00:30 GMT | Australia Consumer Price Index (YoY) (Q4) 2012-01-25 09:30 GMT | United Kingdom Bank of England Minutes 2012-01-25 09:30 GMT | United Kingdom BBA Mortgage Approvals (Dec) 2012-01-25 09:30 GMT | United Kingdom Gross Domestic Product (YoY) (Q4) Preliminar 2012-01-25 03:17 GMT | EUR/JPY hits one-month high, 101.80 next resistance 2012-01-25 00:40 GMT | Australia: CPI rose 3.1% through the year to the December quarter, weaker than expected 2012-01-25 00:31 GMT | Australia Consumer Price Index (QoQ) 0% in 4Q 2012-01-25 00:06 GMT | Japan: Logs trade deficit for 2011, first in a generation EURUSD 1.30250 / 1.30256 DAILY WEEKLY MONTHLY High: 1.30469 | Low: 1.30155 | Chg: -0.0011 -0.08% 1.3267 | 1.3218 | 1.3132 | 1.3053 1.2953 | 1.2874 | 1.2838 | 1.2807 SUMMARY : up TREND : up trend MA10 : Bullish MA20 : bullish STOCHASTIC : oversold MARKET ANALYSIS - Intraday Analysis Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo. - GBPUSD 1.55894 / 1.55906 DAILY WEEKLY MONTHLY High: 1.56274 | Low: 1.55877 | Chg: -0.0035 -0.23% 1.5715 | 1.5698 | 1.5668 | 1.5627 1.5564 | 1.5515 | 1.5449 | 1.5407 SUMMARY : up TREND : up trend MA10 : Bullish MA20 : bullish STOCHASTIC : oversold MARKET ANALYSIS - Intraday Analysis Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo. - USDJPY 77.936 / 77.938 DAILY WEEKLY MONTHLY High: 77.979 | Low: 77.615 | Chg: 0.272 0.35% 79.92 | 79.60 | 78.87 | 78.28 77.55 | 77.12 | 76.54 | 76.08 SUMMARY : up TREND : up trend MA10: Bullish MA20: bullish STOCHASTIC : overbought MARKET ANALYSIS - Intraday Analysis Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo. Source: FX Central Clearing Ltd, (http://www.fxcc.com) URL: https://support.fxcc.com/email/technical/25012012

Daily Forex Market by FXCC 24Jan2012 Euro Yen rallies from the eleven years lows seen over recent weeks The euro gained 0.6 percent to $1.3013 at 5 p.m. New York time after rising to $1.3053, the highest level seen since Jan. 4. The seventeen nation common currency advanced 0.6 percent to 100.25 yen, while the dollar was little changed at 77.02 yen. EUR/JPY accelerated higher on Monday from an earlier test of 99.00, reaching fresh 4-week highs in the 100.50 price zone before ending trade in New York at 100.22, 0.70% higher on the day. a significant move away from the fresh eleven year lows being reached over recent weeks. The pound weakened 0.8 percent to 83.66 pence per euro at 5:01 p.m. London time. Sterling was little changed at 119.87 yen and $1.5580. The rally of the Pound versus the Dollar finally stalled at the key round number level of 1.5600 as the Greenback managed to trim its losses across the board. USD/CHF dropped more than 120 pips on Monday, sliding to its lowest level since Dec 21 at 0.9250 before recovering, the pair was printing around circa 0.9260, down 1.2% on the day earlier in the evening. Read More UPCOMING EVENTS 2012-01-24 03:35 GMT | Japan BoJ Interest Rate Decision (Jan 24) 2012-01-24 08:28 GMT | Germany Purchasing Manager Index Manufacturing (Jan) 2012-01-24 08:58 GMT | European Monetary UnionPurchasing Manager Index Manufacturing (Jan) 2012-01-24 09:30 GMT | United Kingdom Public Sector Net Borrowing (Dec) FOREX NEWS 2012-01-24 06:48 GMT | EUR/USD flat after Asian session 2012-01-24 04:34 GMT | GBP/USD retreats from 1.5600 on run to safety 2012-01-24 03:36 GMT | Japan Jan 24 BoJ Interest Rate Decision steadies at 0.1% 2012-01-24 02:08 GMT | EUR/AUD finds a short term base above 1.2350 EURUSD 1.30154 / 1.30160 DAILY WEEKLY MONTHLY High: 1.30299 | Low: 1.29874 | Chg: 0.0002 0.02% 1.3267 | 1.3218 | 1.3150 | 1.3051 1.2986 | 1.2874 | 1.2838 | 1.2807 SUMMARY : up TREND : up trend MA10 : neutral MA20 : neutral STOCHASTIC : neutral MARKET ANALYSIS - Intraday Analysis The EURUSD continued to rise from 1.2874 (S2) and reached a high yesterday at 1.3051 (R1). Following that we saw a correction towards the first support level at 1.2986 (S1). It seems the pair will re-test a high soon. If the price will have enough momentum we can expect a rise towards 1.3051 (R1) and focus on 1.3150 (R2) a strong technical and psychological level. GBPUSD 1.55586 / 1.55596 DAILY WEEKLY MONTHLY High: 1.558 | Low: 1.5537 | Chg: -0.0008 -0.05% 1.5715 | 1.5698 | 1.5668 | 1.5601 1.5515 | 1.5449 | 1.5407 | 1.5343 SUMMARY : up TREND : up trend MA10 : neutral MA20 : neutral STOCHASTIC : neutral MARKET ANALYSIS - Intraday Analysis The GBPUSD fell and formed a bottom at 1.5515 (S1). After that the price rebounded and was able to break above yesterday’s resistance at 1.5579 and it seems it will re-test a high soon. A break above the first resistance would suggest a target of 1.5668 (R2). If price holds its momentum on the upside we can expect a further rise towards 1.5698 (R3). On the other hand, if the price does not manage to break above 1.5601 (R1) we can expect the pair to retest support at 1.5515 (S1) and a further fall will be limited to 1.5449 (S2). USDJPY 77.004 / 77.009 DAILY WEEKLY MONTHLY High: 77.047 | Low: 76.956 | Chg: -0.017 -0.02% 78.87 | 78.20 | 77.68 | 77.32 76.85 | 76.55 | 76.08 | 75.53 SUMMARY : neutral TREND : sideway MA10 : neutral MA20 : neutral STOCHASTIC : overbought MARKET ANALYSIS - Intraday Analysis USDJPY rose yesterday and was stopped at 77.32 (S1) where price rebounded and fell forming a bottom at 76.85 (S1). A break below 76.85 (S1) will be a proper confirmation for short positions targeting 76.55 (S2) and 76.08 (S3). Look for short positions at current price with a stop loss above first resistance 77.32 (R1). Source: FX Central Clearing Ltd, (http://www.fxcc.com) URL: https://support.fxcc.com/email/technical/24012012

Daily Forex Market by FXCC 23Jan2012 Euro falls sharply on open versus many of its peers The euro fell 0.3 percent to $1.2890 as of 9:20 a.m. in Tokyo from $1.2931 in New York on Jan. 20th when it reached $1.2986, the highest level since Jan. 4th. The seventeen nation common currency declined 0.4 percent to 99.24 yen. The dollar traded at 76.99 yen from 77.01. The USD/JPY possibly remains in consolidation around 77.00 at the start of trading this Monday, after last week saw the paring retrace below 77.05 after failing to break above 100 DMA. Australia’s dollar fetched $1.0463 from $1.0484 on Jan. 20. It earlier rose as high as $1.0494, its strongest level since Nov. 1. The overall positive mood which enveloped global equity markets last week helped support the Aussie AUD at the open, price is off slightly following a slight fall in the Australian producer price index (QoQ) at 0.3% from a 0.5% consensus. Read More UPCOMING EVENTS 2012-01-23 00:30 GMT | Australia Producer Price Index (QoQ) (Q4) 2012-01-23 00:30 GMT | Australia Producer Price Index (YoY) (Q4) 2012-01-23 09:00 GMT | European Monetary Union EcoFin Meeting 2012-01-23 15:00 GMT | EU - Consumer Confidence (Dec) Preliminar FOREX NEWS 2012-01-23 05:35 GMT | EUR/USD gap down unfilled in Asia 2012-01-23 00:41 GMT | Australia: PPI rises 2.9% in year to December 2012-01-23 00:31 GMT | Australia: Producer Price Index (QoQ) (4Q): 0.3% 2012-01-23 00:17 GMT | USD/JPY still consolidating below 77.00 EURUSD 1.28911 / 1.28917 DAILY WEEKLY MONTHLY High: 1.29081 | Low: 1.28759 | Chg: -0.004 -0.31% Resistance Levels: 1.3056 | 1.3025 | 1.2987 | 1.2948 Support Levels: 1.2838 | 1.2807 | 1.2732 | 1.2624 SUMMARY up TREND up trend MA10 bearish MA20 Bearish STOCHASTIC neutral MARKET ANALYSIS - Intraday Analysis The EURUSD continued to rise the whole week from 1.2624 (S4) and formed a high at 1.2987 (R2). The pair seems to be forming a correction downwards, towards 1.2878 and there are also possibilities to retest our first support level at 1.2838 (S1). Look for a long position near the support levels, targeting 1.2987 (R2). GBPUSD 1.55370 / 1.55380 DAILY WEEKLY MONTHLY High: 1.55621 | Low: 1.55273 | Chg: -0.0039 -0.25% Resistance Levels: 1.5677 | 1.5639 | 1.5614 | 1.5579 Support Levels: 1.5500 | 1.5448 | 1.5402 | 1.5339 SUMMARY up TREND up trend MA10Bullish MA20bullish STOCHASTICneutral MARKET ANALYSIS - Intraday Analysis GBPUSD broke above 1.5500 (S1) level and formed a top at 1.5579 (R1). It now seems to be heading towards the same resistance level. A break above that level would suggest a target of 1.5614 (R2) and a further rise will then focus on the next target at 1.5639 (R3). On the downside, if the price rebounds from the current resistance level we can expect retesting at 1.5500 (S1), a technical and psychological level. A further fall will then bring focus to the next support level at 1.5448 (S2). USDJPY 77.030 / 77.034 DAILY WEEKLY MONTHLY High: 77.08 | Low: 76.929 | Chg: 0.005 0.01% Resistance Levels: 78.21 | 77.78 | 77.56 | 77.32 Support Levels: 76.91 | 76.55 | 76.05 | 75.56 SUMMARY : neutral TREND : sideway MA10 : Bullish MA20 : bullish STOCHASTIC : neutral MARKET ANALYSIS - Intraday Analysis USDJPY after a short consolidation, continue to rise from Friday’s support level of 76.55(S2) and has reached a high at 77.32 (R1) so far. If we switch to an H4 timeframe, we can see that the pair is going through another consolidation and if the pair manages to hold above 76.55 (S2) we can expect a further rise towards our first resistance level at 77.32 (R1) and a sustained rise will then approach 77.56 (R2). On the other hand, if the price does not manage to break above 77.32 ( R1) we can expect the price to move downwards and retest the second support level at 76.55 (S2) and a deeper decline could be then supported at 76.05 (S3). Source: FX Central Clearing Ltd, (http://www.fxcc.com) URL: https://support.fxcc.com/email/technical/23012012

Daily Forex Market by FXCC 20Jan2012 MARKET OVERVIEW – JANUARY 20 2012 Euro appreciates to two week high versus the greenback, is 1.3000 in sight, then 1.3200? The euro appreciated to a two-week high of $1.2927 before trading 0.2 percent higher at $1.2890. It reached a 16-month low of $1.2624 on Jan.13th. The Dollar Index fell 0.1 percent to 80.372 today. The dollar was little changed at $1.2964 per euro as of 8:24 a.m. in Tokyo from yesterday in New York. The yen was at 99.93 per euro from 99.99 yesterday when it reached 100.06, also the lowest since Jan. 4. The U.S. currency traded fairly static at 77.09 yen. USD/CHF lost nearly 60 pips throughout the day on Thursday, sliding towards its lowest level in over 2 weeks of 0.9329. USD/CHF is trading at the 0.9330/35 zone early in the Asian session, down 0.6% on the day. USD/CHF has dropped over 240 pips since its new year peak of 0.9574 on Tuesday. The Pound broke above 1.5465 rising to 1.5487 the highest quote since January 10 versus the US Dollar. The GBP/USD moved sideways in a tight range during Thursday and in the last hour moved to the upside. The Pound rose in the last hours of the NY session versus its European rivals. The GBP/CHF then also tested levels above the crucial round psychological number of 1.4500 after finding support at 1.4440, the EUR/GBP dropped from 0.8364 to 0.8325. Canada’s currency, also known as the loonie, was static at C$1.0108 per U.S. dollar at 5 p.m. in Toronto after touching C$1.0071, the lowest quote since Dec. 8th. One Canadian dollar is buying 98.93 U.S. cents, falling 0.8 percent to C$1.3109 versus the euro. AUD/USD traded in a 1.0370/1.0435 range on Thursday ending in New York 0.16% lower on the day at 1.0417. AUD/USD is trading slightly off at the start of the Asian session, last printing at 1.0410, support is seen at 1.0400. UPCOMING EVENTS 2012-01-20 04:30 GMT | Japan All Industry Activity Index (MoM) (Nov) 2012-01-20 05:00 GMT | Japan Leading Economic Index (Nov) 2012-01-20 07:00 GMT | Germany Producer Price Index (MoM) (Dec) 2012-01-20 09:30 GMT | United Kingdom Retail Sales (YoY) (Dec) FOREX NEWS 2012-01-20 04:32 GMT | Japan: All Industry Activity Index (MoM) (Nov): -1.1% 2012-01-20 02:51 GMT | Japan contribution to the IMF contingent on US 2012-01-20 02:39 GMT | Japan - HSBC Manufacturing PMI signals industry contraction for third consecutive month 2012-01-20 00:33 GMT | Australia 4Q Export Price Index (QoQ) -1.5%   EURUSD 1.29673 / 1.29680 High: 1.29808 | Low: 1.29538 | Chg: -0.0002 -0.01% SUMMARY: Up INTRADAY TREND: Uptrend MA10: Bullish MA20: Bullish STOCHASTIC: Neutral Resistance Levels: 1.3260 | 1.3206 | 1.3120 | 1.3050 Support Levels: 1.2876 | 1.2809 | 1.2711 | 1.2624 Intraday Analysis: EURUSD moved upwards and formed a high at 1.2980 this morning. The upward moved started from 13th of January and since then the EUR picked up and has successfully penetrated upwards the downtrend trend line. We expect the price to reach 1.3050 (R1) and then to bounce back for a correction. If the price breaks above our first resistance then we have a new trend (uptrend) and the next target is set at 1.3120 (R2).   GBPUSD 1.54880 / 1.54888 High: 1.54966 | Low: 1.54749 | Chg: 0.0001 0.01% SUMMARY: Up INTRADAY TREND: Uptrend MA10: Bullish MA20: Bullish STOCHASTIC: Neutral Resistance Levels: 1.5862 | 1.5775 | 1.5669 | 1.55572 Support Levels: 1.5410 | 1.5344 | 1.5281 | 1.234 Intraday Analysis: GBPUSD has successfully broke above yesterday resistance and now it seems that is heading towards 1.5572 (R1). Fail to reach that level then we expect the price to retest 1.5410 (S1) and then further decline will limited to 1.5344 (S2). On the intraday, the pair is moving upwards – uptrend valid trend line and both of our Moving Averages are bullish. The bearish are under pressure as a lot of stop losses have been hit yesterday as we are in a strong upward momentum at the moment.   USDJPY 77.131 / 77.134 High: 77.206 | Low: 77.053 | Chg: 0.024 0.03% SUMMARY: Down INTRADAY TREND: Trading Range MA10: Bullish MA20: Bullish STOCHASTIC: Neutral Resistance Levels: 78.21 | 77.78 | 77.56 | 77.33 Support Levels: 76.80 | 76.59 | 76.10 | 75.56 Intraday Analysis: USDJPY made a sharp move yesterday (60 pips) and formed a top at 77.33 (R1) a strong resistance level. A break above that level we expect the price to retest 77.56 (R2). At the moment, the price it seems that is still moving downwards and it is possible to retest our support levels at 76.80 (S1) and 76.59 (S2) a strong technical and psychological level. It is very important to see a move above our first resistance or our first support to get a clearer picture of the trend. In the long run a break below 76.59 (S2) will confirm the downtrend – No position. Source: FX Central Clearing Ltd, (http://www.fxcc.com) URL: https://support.fxcc.com/email/technical/20012012

Daily Forex Market by FXCC 19Jan2012 MARKET OVERVIEW – JANUARY 19 2012 Will the euro strengthen versus the yen? GBP/USD broke through the levels of resistance from R1-R3 on Wednesday to reach a fresh 5-day high 1.5440, ending the American session 0.68% higher at 1.5435, this represented cables's third successive day of gains. As is its habit on occasion USD/JPY traded in a very limited 76.65/86 range before ending the American session virtually unchanged, at 76.81. The Swiss Franc strengthened versus many major counter party currencies as the US Dollar weakened, the USD/CHF fell to its lowest level in two weeks, below the psychological level of 0.9400. The pair flattened at 0.9382, remaining below 0.9400. The Swissy also rose versus its European rivals. The EUR/CHF broke below 1.2080 to 1.2067, tempting last week's lows at 1.2062, GBP/CHF fell sharply from 1.4515 to 1.4482. EUR/USD ended trading in the New York session circa 1% higher at 1.2862, just below the 20-day EMA resistance level seen at 1.2870 with support seen at 1.2840. AUD/USD spent Wednesday trading below 1.0450 a 2-month high. The pair ended trading in New York higher for the third consecutive day, closing at 1.0435, up from a session low of 1.0355. A Kiwi sell-off occurred across the markets after a 0.3% fall in inflation was published. NZD/USD lost 45-50 pips rapidly after a sell off took the pair as low as 0.8025 from its earlier highs of 0.8080. After peaking at 1.0176, USD/CAD lost momentum dropping over half a cent late Wednesday currently printing circa 1.0120, a couple of points above Wednesday's daily low of 1.0118. UPCOMING EVENTS 2012-01-19 00:00 GMT | Australia Consumer Inflation Expectation (Jan) 2012-01-19 00:30 GMT | Australia Unemployment Rate s.a. (Dec) 2012-01-19 00:30 GMT | Australia Employment Change s.a. (Dec) 2012-01-19 09:00 GMT | European Monetary Union ECB Monthly Report FOREX NEWS 2012-01-19 01:26 GMT | GBP/JPY targeting lows below 118.50 2012-01-19 00:40 GMT | Australia: Unemployment steady at 5.2%, big miss in job creation 2012-01-19 00:27 GMT | Swissy supported by successful auctions 2012-01-19 00:01 GMT | Australia Jan Consumer Inflation Expectation 2.8%   EURUSD 1.28475 / 1.28477 High: 1.28784 | Low: 1.28417 | Chg: -0.0016 -0.12% SUMMARY: Up INTRADAY TREND: Uptrend MA10: Bullish MA20: Bullish STOCHASTIC: Neutral Resistance Levels: 1.3120 | 1.3075 | 1.2989 | 1.2878 Support Levels: 1.2807 | 1.2714 | 1.2647 | 1.2624 Intraday Analysis: EURUSD rose yesterday towards resistance at 1.2878 (R1) and now it is testing the downtrend trend line again. A break above that level we can expect price to move towards 1.2989 (R2) and this is a proper conformation for a trend reversal. On the downside, if the pair do not manage to break above first resistance then we expect to move towards 1.2807 (S1) and then 1.2714 (S2).   GBPUSD 1.54163 / 1.54172 High: 1.54453 | Low: 1.54159 | Chg: -0.0021 -0.14% SUMMARY: Up INTRADAY TREND: Uptrend MA10: Bullish MA20: Bullish STOCHASTIC: Neutral Resistance Levels: 1.5669 | 1.5580 | 1.5488 | 1.5445 Support Levels: 1.5404 | 1.5320 | 1.5278 | 1.5233 Intraday Analysis: GBPUSD gained momentum yesterday and formed a top at 1.5445 (R1) now it seems that is moving towards 1.5404(S1). A break below that level can expect the pair to retest 1.5320 (S2). If the price moves upwards and breaks above our first resistance level 1.5445 (R1) then we expect the price to approach towards 1.5488 (R2).   USDJPY 76.764 / 76.767 High: 76.834 | Low: 76.721 | Chg: -0.054 -0.07% SUMMARY: Down INTRADAY TREND: Downtrend MA10: Bearish MA20: Bearish STOCHASTIC: Neutral Resistance Levels: 77057 | 77.33 | 77.05 | 76.87 Support Levels: 76.65 | 76.59 | 76.10 | 75.56 Intraday Analysis: USDJPY is moving sideways between 76.87 (R1) and 76.65 (S1). A break below our support level, we can expect the price to retest 76.59 (S2) and further decline we’ll focus on 76.10 (S3). Look for short positions with a stop loss above 77.05 (R2). Source: FX Central Clearing Ltd, (http://www.fxcc.com) URL: https://support.fxcc.com/email/technical/19012012

Daily Forex Market by FXCC 18Jan2012 The dollar fell versus the euro in early trading The dollar was little changed at 1.2741 per euro as of 8:30 a.m. in Tokyo after falling 0.5 percent yesterday. The yen fetched 97.88 per euro after a 0.6 percent decline yesterday. USD/JPY broke support at circa 76.60 to reach a fresh 3-month low of 76.54 on Tuesday, recovering to end the American session at 76.82. The pound declined 0.4 percent to 83 pence per euro at 5:03 p.m. London time, after rising 1.1 percent over the previous two days. The currency slid 0.6 percent to A$1.4767 after falling to A$1.4713, the weakest since February 1985. Sterling strengthened 0.2 percent to $1.5348. Canada’s currency touched C$1.0113 per U.S. dollar, the strongest since Jan. 4. It ended 0.3 percent higher at C$1.0151 in Toronto. One Canadian dollar purchases 98.51 U.S. cents. The Australian Dollar is approaching 1.0370, after it recovered from a dip which halted ahead of 1.0350. AUD/USD retreated 100 pips from its daily highs seen on Tuesday. AUD/USD peaked at a 2 ½-month high of 1.0447 before Wall Street opening, but then dropped nearly 100 pips throughout the NY session. Read More UPCOMING EVENTS 2012-01-18 04:30 GMT | Japan - Industrial Production (YoY) (Nov) 2012-01-18 09:30 GMT | UK - ILO Unemployment Rate (3M) (Jan) 2012-01-18 09:30 GMT | UK - Average Earnings including Bonus (3Mo/Yr) (Nov) 2012-01-18 09:30 GMT | UK - Claimant Count Change (Dec) FOREX NEWS 2012-01-18 04:36 GMT | Japan Nov Industrial Production (YoY) -4.2% 2012-01-18 04:34 GMT | Japan Capacity Utilization -2.9% in Nov 2012-01-18 04:34 GMT | Japan Industrial Production (MoM) -2.7% in Nov 2012-01-18 00:34 GMT | Australia Dec New Motor Vehicle Sales (YoY) -3% EURUSD 1.27906 / 1.27910 DAILY WEEKLY MONTHLY High: 1.27927 | Low: 1.27333 | Chg: 0.0055 0.43% 1.2944 | 1.2878 | 1.2843 | 1.2807 1.2711 | 1.2647 | 1.2624 | 1.2592 SUMMARY : up TREND : up trend MA10 : Bullish MA20 : bullish STOCHASTIC : neutral MARKET ANALYSIS - Intraday Analysis After price formed bottom at 1.2624 (S3) EURUSD was able to break above 1.2711 (S1) and now has found a strong resistance at 1.2807 (R1). If we take a look in the short term time frame, the price is heading close to the downtrend trend line 1.2843 (R2). A break above that level will be suggesting target at 1.2878 (R3) and possibilities for a trend reversal. On the other hand if price fails to break above 1.2807 (R1) we will then expect the price to retest 1.2711 (S1) and then further decline towards 1.2647 (S2). We are in a very crucial level as it is a possibility to either have a continuation of the downtrend or a breakout and trend reversal. GBPUSD 1.53709 / 1.53718 DAILY WEEKLY MONTHLY High: 1.53745 | Low: 1.53264 | Chg: 0.0035 0.23% 1.5579 | 1.5527 | 1.5487 | 1.5409 1.5278 | 1.5233 | 1.5203 | 1.5164 SUMMARY : up TREND : up trend MA10 : bearish MA20 : Bearish STOCHASTIC : neutral MARKET ANALYSIS - Intraday Analysis GBPUSD formed higher bottoms and now is moving towards 1.5409 (R1) a technical and psychological resistance level for the bullish. A break above that level, it will be a proper conformation for long positions as we expect the price to retest 1.5487 (R2). On the downside, decline below 1.5320 will be confirmed the short positions towards 1.5278 (S1) and then 1.5233 (S2). USDJPY 76.693 / 76.699 DAILY WEEKLY MONTHLY High: 76.844 | Low: 76.653 | Chg: -0.133 -0.17% 78.03 | 75.56 | 77.33 | 77.05 76.55 | 76.03 | 75.54 | 75.13 SUMMARY : Down TREND : down trend MA10 : bearish MA20: Bearish STOCHASTIC versold MARKET ANALYSIS - Intraday Analysis USDJPY fell yesterday and was supported at 76.55 (S1) and now it seems that it is going to retest that level. We expect the price to retest and then break below our support level targeting fresh lows at 76.03 (S2) and 75.54 (S3). Look for short positions below 76.55 (S1) with a stop loss above 77.05 (R1). Source: FX Central Clearing Ltd, (http://www.fxcc.com) URL: https://support.fxcc.com/email/technical/18012012

Daily Forex Market by FXCC 17Jan2012 MARKET OVERVIEW – JANUARY 17 2012 Major currency pair and Commodity currency pair analysis Europe’s shared currency was 0.3 percent weaker at 97.30 yen at 11:40 a.m. in London, after falling to 97.04, the least since December 2000. The euro fell 0.1 percent to $1.2673, after dropping to $1.2626. The dollar dipped 0.3 percent to 76.77 yen. U.S. markets are closed today. Sterling is in a range above the psychological level of 1.5300. This looming round number should represent a test, once breached lower support is at circa 1.5320. EUR/GBP extended its decline to 0.8253, where it bottomed out during the European trade. EUR/GBP is quoting at around 0.8270, 0.06% above its opening price. USD/JPY erases Friday’s gains and falls back to 76.75 down 0.22% on the day. The USD/CHF has retraced back to Monday’s opening price, at 0.9540, after falling to a 0.9525 daily low on the European opening. NZD/USD is down ahead of NZIER. The pair is flat at 7930, obviously 8000 represents a key level. Improved housing/lending data has helped push up the AUS/USD, the pair is up 0.33% at 10314 with the next resistance levels waiting at 1.0387 followed by key number level of 1.0400. As crude oil rises, the USD/CAD falls. Friday’s gains obtained ahead of the S&P downgrades on European sovereigns have Ben eradicated as price sticks in a range determined by the 200 ma on a 4 hr chart. The pair is below 1.0200, in line with the 200-hourly MA, making this an extremely interesting position to monitor. UPCOMING EVENTS 2012-01-17 09:30 GMT | United Kingdom Core Consumer Price Index (YoY) (Dec) 2012-01-17 10:00 GMT | United Kingdom BoE's Governor King Speech 2012-01-17 10:00 GMT | EU - Consumer Price Index - Core (YoY) (Dec) 2012-01-17 10:00 GMT | EU - ZEW Survey - Economic Sentiment (Jan) FOREX NEWS 2012-01-17 05:21 GMT | Another day, another record low for EUR/AUD 2012-01-17 02:04 GMT | China: Retail Sales (YoY) (Dec): 18.1% 2012-01-17 02:04 GMT | China: Industrial Production (YoY) (Dec): 12.8% 2012-01-17 02:03 GMT | China Gross Domestic Product (YoY) 8.9% in 4Q   EURUSD 1.27429 / 1.27434 High: 1.27434 | Low: 1.26489 | Chg: 0.0076 0.06% SUMMARY: Down INTRADAY TREND: Downtrend MA10: Bullish MA20: Bullish STOCHASTIC: Overbought Resistance Levels: 1.2944 | 1.2882 | 1.2812 | 1.2763 Support Levels: 1.2624 | 1.2592 | 1.2560 | 1.2513 Intraday Analysis: The EURUSD moved upwards and managed to stay above yesterday’s support 1.2624 (S1) and now it is moving towards 1.2763 (R1). A break above that level we suggest further rise towards 1.2812 (R2) and then 1.2882 (R3). On the other hand, if the price manages to hold below 1.2763 (R1) we can expect retest of 1.2624 (S1). The pair is moving downwards since November 2011 and the stochastic is ready to exit downwards to the 80 level. Our recommendation for today’s session is to look for short positions close to 1.2763 (R1) with a stop loss above 1.2812 (R2).   GBPUSD 1.53819 / 1.53831 High: 1.53824 | Low: 1.53107 | Chg: 0.006 0.039% SUMMARY: Up INTRADAY TREND: Uptrend MA10: Bullish MA20: Bullish STOCHASTIC: Overbought Resistance Levels: 1.5629 | 1.5579 | 1.5487 | 1.5409 Support Levels: 1.52758 | 1.5233 | 1.5203 | 1.5164 Intraday Analysis: The GBPUSD is under bearish pressure as it is approaching towards a crucial support level 1.5233 (S2). The pair reached a high at 1.5409 (R1) and then fell back towards 1.5278 (S1). Further fall will test 1.5233 (S2) and decline below this level, suggesting target at 1.5203 (S3). On the other hand, if price manages to stay above 1.5278 (S1) then we expect the price to retest 1.5409 (R1) and then further rise to 1.5487 (R2). We look for long positions in today’s session with a stop loss below 1.5278 (S1).   USDJPY 76.651/ 76.655 High: 76.878 | Low: 76.64 | Chg: -0.117 -0.117% SUMMARY: Down INTRADAY TREND: Downtrend MA10: Bearish MA20: Bearish STOCHASTIC: Oversold Resistance Levels: 78.03 | 77.56 | 77.33 | 77.05 Support Levels: 76.60 | 76.03 | 75.54 | 75.13 Intraday Analysis: USDJPY fell sharply and formed a strong support level at 76.60 (S1) and then we saw is rised up and made a high at 77.05 (R1). A break above that level, 77.05 (R1), we suggest further rise towards 77.33 (R2). Both of our Moving Averages are bearish, so we expect the pair to continue its downward move towards 76.03 (S2). A stop loss should be placed above 77.05 (R1). Source: FX Central Clearing Ltd, (http://www.fxcc.com) URL: https://support.fxcc.com/email/technical/17012012

Daily Forex Market by FXCC 16Jan2012 MARKET OVERVIEW – JANUARY 16 2012 The euro hits a fresh all-time low of AUD 1.2264 on Monday With the U.S. markets closed on Monday, due to Martin Luther King day, the currency markets and the euro in isolation may experience a slight reprieve, particularly if France's debt auction gets away with good numbers. The euro fell 0.3 percent to $1.2643 as of 8:15 a.m. in Tokyo from the close in New York on Jan. 13 when it touched $1.2624, the least since Aug. 25, 2010. The shared currency depreciated 0.4 percent to 97.23 yen after dropping to 97.17, the lowest since December 2000. EUR/AUD has opened on Monday with a starting price of 1.2275, down from 1.2304 Friday in New York, the paring has closed the gap, climbing to a session high of 1.2300 from the recent all-time low. At the start of the week's session this Monday, the Japanese yen in gaining versus its European and American counterparts. USD/JPY has fallen sharply down from its starting price of 77.06, it was last at 76.88 some 10 pips below Friday’s close. EUR/JPY has slipped, opening the week offered at 97.36 from 97.58 late Friday. Last quoted at 97.21, EUR/JPY is down 0.38% so far in the early part of the trading session the day. The USD/JPY is down 0.05%. Cable is off slightly printing at 1.5297, down 0.03%, sterling is down versus the yen at 1.1762, down 0.08%. The Aussie and Kiwi are down versus the dollar by 0.15% and 0.08% respectively. The loonie is down versus the dollar by 0.06% UPCOMING EVENTS 2012-01-16 00:00 GMT | UK - Rightmove House Price Index (YoY) (Jan) 2012-01-16 12:30 GMT | Australia - Home Loans (Nov) 2012-01-16 07:00 GMT | Germany - Wholesale Price Index (YoY) (Dec) 2012-01-16 09:00 GMT | Italy - Consumer Price Index (YoY) (Dec) FOREX NEWS 2012-01-16 05:02 GMT | Japan Dec Consumer Confidence Index 38.9 2012-01-16 02:03 GMT | S&P downgrades will affect reserve managers 2012-01-16 00:33 GMT | Some Aussie buying post home loans, adverts report 2012-01-16 00:00 GMT | United Kingdom Jan Rightmove House Price Index (YoY) 0.4%   EURUSD 1.26549 / 1.26555 High: 1.26259 | Low: 1.26259 | Chg: -0.0018 -0.14% SUMMARY: Down INTRADAY TREND: Downtrend MA10: Bearish MA20: Bearish STOCHASTIC: Neutral Resistance Levels: 1.2944 | 1.2820 | 1.2812 | 1.2727 Support Levels: 1.2621 | 1.2592 | 1.2560 | 1.2513 Intraday Analysis: EURUSD fell and formed a bottom at 1.2621 (S1) and now it seems that it is heading towards 1.2592 (S1) a Fibonacci retracement level - 76.40%. A break below that level, we can expect the price to retest 1.2560 (S3). We can see clearly that the pair is in a downtrend move and both of our Moving Averages are above the price (bearish signal), but a correction upwards is expected leading to a further decline.   GBPUSD 1.53146 / 1.53160 High: 1.53269 | Low: 1.53160 | Chg: 0.0003 0.02% SUMMARY: Up INTRADAY TREND: Sideway MA10: Neutral MA20: Neutral STOCHASTIC: Neutral Resistance Levels: 1.5629 | 1.5579 | 1.5487 | 1.5400 Support Levels: 1.5275 | 1.5233 | 1.5203 | 1.5164 Intraday Analysis: GBPUSD fell sharply yesterday and continued to decline from 1.5400 (R1) to 1.5233 (S2). If GBPUSD breaks above 1.5400 (R1), we can expect re-testing resistance at 1.5487 (R2). Further rise will then focus on 1.5579 (R3). On the downside, decline below current support level 1.5275 (S1) will retest 1.5233 (S2) and 1.5203 (S3). Since the pair is moving above 1.5233 a strong support level (daily) in technical and psychological way for the bullish, we look for long positions with a stop loss below 1.5233 (S2).   USDJPY 76.831/ 76.837 High: 77.831 | Low: 76.81 | Chg: -0.116 -0.15% SUMMARY: Down INTRADAY TREND: Downtrend MA10: Bullish MA20: Bearish STOCHASTIC: Oversold Resistance Levels: 78.03 | 77.56 | 77.33 | 77.05 Support Levels: 76.60 | 76.03 | 75.54 | 75.13 Intraday Analysis: USDJPY lost momentum yesterday and made a bottom at 76.66 after forming a top at 77.05 (R1). A break below our support level at 76.60 (S1), will give us a proper confirmation for short positions, as we expect the pair to continue its downwards pressure. A stop loss should be placed above 77.05 (S1). Source: FX Central Clearing Ltd, (http://www.fxcc.com) URL: https://support.fxcc.com/email/technical/16012012

Daily Forex Market by FXCC 13Jan2012 Canada’s dollar fell versus most of its major counterparts The pound dropped by 0.9 percent to 83.61 pence per euro shortly after the London main market closed at 4:35 p.m after falling as much as 1 percent, the most since Nov. 21. Sterling was little changed at $1.5335 after sliding to $1.5279, the lowest since Oct. 6. The currency also slipped to A$1.4801, the weakest since Aug. 1, before trading back at A$1.4877. The EUR/USD rebound from support in the 1.2700 price territory extended to levels ahead of the 1.2850 area, the single currency was supported due to better than expected Spanish and Italian bond auctions on Thursday. The Swissy, the Swiss Franc, strengthened to be the best performer across both Thursday sessions versus all its major peers, posting gains around 1% against the USD, JPY, GBP and AUD. Thursday's trading sessions saw the USD/JPY fall lower on depressed demand for the greenback, the pair has so traded a limited 76.73/80 range in the start to trading in the Asian session on Friday morning. The Canadian currency was little changed at C$1.0191 per U.S. dollar at 5 p.m. Toronto time, after gaining has much as 0.6 percent. One Canadian dollar buys 98.13 U.S. cents. Australia’s dollar bought $1.0335 at 10:50 a.m. in Sydney from $1.0333 in New York on Thursday, when it rose as high as $1.0378 which was the strongest level since Jan. 4. The Aussie was at 79.35 yen from 79.32 yesterday. New Zealand’s currency, the Kiwi, bought 79.37 U.S. cents, this was virtually unchanged from the previous day, when the pair reached a high as 79.81 cents, a level unseen since Nov. 9th. It traded at 60.94 yen from 60.93. Read More 2012-01-13 09:30 GMT UK - Producer Price Index - Input (YoY) n.s.a (Dec) 2012-01-13 09:30 GMT UK - Producer Price Index - Output (YoY) n.s.a (Dec) 2012-01-13 10:00 GMT European Monetary Union Trade Balance s.a. (Nov) 2012-01-13 10:00 GMT European Monetary Union Trade Balance n.s.a. (Nov) 2012-01-13 05:28 GMT EUR/USD on a second attempt higher in Asia 2012-01-13 03:45 GMT EUR/AUD prints bullish engulfing candle; yesterday's high tested 2012-01-13 01:45 GMT The kiwi struggling to get much headway 2012-01-13 00:10 GMT GBP/USD unchanged after dip to multi-month lows EURUSD 1.28639 / 1.28646 DAILY WEEKLY MONTHLY High: 1.28782 | Low: 1.28071 | Chg: 0.0049 0.38% Resistance Levels: 1.3124 |1.3076 |1.2998 |1.2909 Support Levels: 1.2807 |1.2730| 1.2666 |1.2607 SUMMARY : up TREND up trend MA10: Bullish MA20: bullish STOCHASTIC : neutral MARKET ANALYSIS - Intraday Analysis The EURUSD found strong support at 1.2666 (S3) and within 2 sessions rose sharply to form a high at 1.2870. The pair is in a strong bullish momentum as it heads towards the downtrend trend line and as we have mentioned in previous sessions, we can expect a break out or a continuation of the downtrend. Our recommendation for today’s session is no position, as we should wait for the correction or the break out to take place and then re-evaluate our positions. - GBPUSD 1.53790 / 1.53795 DAILY WEEKLY MONTHLY High: 1.53925 | Low: 1.53249 | Chg: 0.0047 0.31% Resistance Levels: 1.5747 |1.5693| 1.5577| 1.5503 Support Levels: 1.5280 |1.5246 | 1.5202 |1.5160 SUMMARY: Down TREND: down trend MA10: bearish MA20 : Bearish STOCHASTIC : neutral MARKET ANALYSIS - Intraday Analysis GBPUSD rebounded after a slight decline down to 1.5280 (S1), and is now moving towards our first resistance level at 1.5503 (R1). If it breaks above that level, it will be a proper confirmation for long positions targeting the second resistance level at 1.5577 (R2). If the price manages to stay below 1.5413, this would suggest a retest of 1.5280 (S1) and a break below this level would probably be limited to 1.5246 (S2). - USDJPY 76.732 / 76.734 DAILY WEEKLY MONTHLY High: 76.837 | Low: 76.683 | Chg: -0.023 -0.03% Resistance Levels: 77.24 |77.04| 76.97| 76.83 Support Levels: 76.67| 76.13| 75.67 |75.08 SUMMARY: Down TREND: down trend MA10 : bearish MA20 : Bearish STOCHASTIC : overbought MARKET ANALYSIS - Intraday Analysis The USDJPY is forming a lower tops at 77.04 (R3), 76.97 (R2) and at 76.83 (R1). In the hourly time-frame the pair is moving downward. The 10 Moving Average and the 20 Moving Average formed a strong resistance above the pair and both are pointed a bearish signals. Our recommendation therefore for today’s session is short positions at 76.67 (S1) with a stop loss above 76.97 (R2). Source: FX Central Clearing Ltd, (http://www.fxcc.com) URL: https://support.fxcc.com/email/technical/13012012

Daily Forex Market by FXCC 12Jan2012 The euro was 0.4 percent from its sixteen month low versus the dollar The euro was little changed at $1.2709 as of 8:15 a.m. in Tokyo from yesterday in New York, when it slid to as low as $1.2662, the weakest level since September 2010. It bought 97.72 yen from 97.67. The dollar traded at 76.89 yen from 76.85. GBP/USD sold off on Wednesday as doubts regarding the fragile European economy pushed market participants toward safer haven currencies causing interest in the greenback across the board. The sell-off broke through several levels of clustered support, extended to a fresh 3-month low of 1.5307 finally losing circa 1% on the trading day. EUR/GBP reached at 0.8287 the highest price since last Thursday. Price began testing the resistance area located around 0.8290 that capped the rise a week ago. The pair is extending the recovery after falling on Monday to 0.8220, this was the the lowest price printed in over 15 months, the euro rise was supported by the decline of the Pound across the board versus most of its major peers. The Canadian currency, nicknamed the loonie for the image of the aquatic bird on the C$1 coin, declined 0.4 percent to C$1.0196 per U.S. dollar at 5 p.m. Toronto time. One Canadian dollar buys 98.08 U.S. cents. Wednesday saw the AUD/USD pair trade in range between 1.0260 and 1.0325, ending trade in New York flat over thd 24 hours prior period. New Zealand’s currency was little changed at 79.67 U.S. cents. 2012-01-12 12:00 GMT United Kingdom BoE Asset Purchase Facility (Jan) 2012-01-12 12:00 GMT United Kingdom BoE Interest Rate Decision (Jan 12) 2012-01-12 12:45 GMT European Monetary Union ECB Interest Rate Decision 2012-01-12 13:30 GMT European Monetary Union ECB President Draghi's Speech 2012-01-12 05:36 GMT EUR/USD, semi-paralyzed ahead of risk events 2012-01-12 05:15 GMT Japan Eco Watchers Survey: Current improves to 47 in Dec 2012-01-12 01:36 GMT China: CPI, PPI both lower in the year to Dec 2012-01-12 00:08 GMT EURUSD 1.27200 / 1.27204 DAILY WEEKLY MONTHLY High: 1.27279 | Low: 1.2702 | Chg: 0.0014 0.11% Resistance Levels: 1.3021| 1.2969|1.2897 |1.2817 Support Levels: 1.2666 |1.2597 |1.2561| 1.2507 SUMMARY : Down TREND : down trend MA10: neutral MA20: neutral STOCHASTIC : neutral MARKET ANALYSIS - Intraday Analysis EURUSD fell yesterday and reached a low at 1.2666 (S1) and then rebounded for a couple of pips and is now heading towards the same support level. A break below that level, we can expect target at 1.2597 (S2) and 1.2591 (S3). On the other hand if price manages to stay above our support level of 1.2666 (S1) the expected target is at 1.2817 (R1). Our recommendation for today is short positions at 1.26666 (S1) with a stop loss above 1.2709. - GBPUSD 1.53279 / 1.53287 DAILY WEEKLY MONTHLY High: 1.53347 | Low: 1.53096 | Chg: 0.0001 0% Resistance Levels: 1.5629| 1.5579| 1.5497 |1.5394 Support Levels: 1.5262 |1.5213| 1.5178| 1.5134 SUMMARY : Down TREND: down trend MA10 : bearish MA20 : Bearish STOCHASTIC : neutral MARKET ANALYSIS - Intraday Analysis GBPUSD fell sharply yesterday and made a bottom at 1.5308. A break below that level we can expect the price to retest 1.5262 (S1), a weekly support level. Both of our Moving Averages are pointing to a bearish signal. We believe that the bearish pressure will continue. USDJPY 76.890 / 76.894 DAILY WEEKLY MONTHLY High: 76.915 | Low: 76.825 | Chg: 0.033 0.04% Resistance Levels: 78.03 |77.56| 77.33| 77.03 Support Levels: 76.76 |76.60| 76.04 |75.08 SUMMARY : up TREND: up trend MA10 : bullish MA20: neutral STOCHASTIC : neutral MARKET ANALYSIS - Intraday Analysis USDJPY formed a top at 77.03 (R1) but couldn’t break above that level and bounced back towards 76.76 yesterday support. It seems that the USDJPY is gaining momentum and we can expect bullish moves in today’s session. Look for long positions targeting 77.33 (R1) with a stop loss below 76.60 (S2). Source: FX Central Clearing Ltd, (http://www.fxcc.com) URL: https://support.fxcc.com/email/technical/12012012

Daily Forex Market by FXCC 12Jan2012 The euro was 0.4 percent from its sixteen month low versus the dollar The euro was little changed at $1.2709 as of 8:15 a.m. in Tokyo from yesterday in New York, when it slid to as low as $1.2662, the weakest level since September 2010. It bought 97.72 yen from 97.67. The dollar traded at 76.89 yen from 76.85. GBP/USD sold off on Wednesday as doubts regarding the fragile European economy pushed market participants toward safer haven currencies causing interest in the greenback across the board. The sell-off broke through several levels of clustered support, extended to a fresh 3-month low of 1.5307 finally losing circa 1% on the trading day. EUR/GBP reached at 0.8287 the highest price since last Thursday. Price began testing the resistance area located around 0.8290 that capped the rise a week ago. The pair is extending the recovery after falling on Monday to 0.8220, this was the the lowest price printed in over 15 months, the euro rise was supported by the decline of the Pound across the board versus most of its major peers. The Canadian currency, nicknamed the loonie for the image of the aquatic bird on the C$1 coin, declined 0.4 percent to C$1.0196 per U.S. dollar at 5 p.m. Toronto time. One Canadian dollar buys 98.08 U.S. cents. Wednesday saw the AUD/USD pair trade in range between 1.0260 and 1.0325, ending trade in New York flat over thd 24 hours prior period. New Zealand’s currency was little changed at 79.67 U.S. cents. 2012-01-12 12:00 GMT United Kingdom BoE Asset Purchase Facility (Jan) 2012-01-12 12:00 GMT United Kingdom BoE Interest Rate Decision (Jan 12) 2012-01-12 12:45 GMT European Monetary Union ECB Interest Rate Decision 2012-01-12 13:30 GMT European Monetary Union ECB President Draghi's Speech 2012-01-12 05:36 GMT EUR/USD, semi-paralyzed ahead of risk events 2012-01-12 05:15 GMT Japan Eco Watchers Survey: Current improves to 47 in Dec 2012-01-12 01:36 GMT China: CPI, PPI both lower in the year to Dec 2012-01-12 00:08 GMT EURUSD 1.27200 / 1.27204 DAILY WEEKLY MONTHLY High: 1.27279 | Low: 1.2702 | Chg: 0.0014 0.11% Resistance Levels: 1.3021| 1.2969|1.2897 |1.2817 Support Levels: 1.2666 |1.2597 |1.2561| 1.2507 SUMMARY : Down TREND : down trend MA10: neutral MA20: neutral STOCHASTIC : neutral MARKET ANALYSIS - Intraday Analysis EURUSD fell yesterday and reached a low at 1.2666 (S1) and then rebounded for a couple of pips and is now heading towards the same support level. A break below that level, we can expect target at 1.2597 (S2) and 1.2591 (S3). On the other hand if price manages to stay above our support level of 1.2666 (S1) the expected target is at 1.2817 (R1). Our recommendation for today is short positions at 1.26666 (S1) with a stop loss above 1.2709. - GBPUSD 1.53279 / 1.53287 DAILY WEEKLY MONTHLY High: 1.53347 | Low: 1.53096 | Chg: 0.0001 0% Resistance Levels: 1.5629| 1.5579| 1.5497 |1.5394 Support Levels: 1.5262 |1.5213| 1.5178| 1.5134 SUMMARY : Down TREND: down trend MA10 : bearish MA20 : Bearish STOCHASTIC : neutral MARKET ANALYSIS - Intraday Analysis GBPUSD fell sharply yesterday and made a bottom at 1.5308. A break below that level we can expect the price to retest 1.5262 (S1), a weekly support level. Both of our Moving Averages are pointing to a bearish signal. We believe that the bearish pressure will continue. USDJPY 76.890 / 76.894 DAILY WEEKLY MONTHLY High: 76.915 | Low: 76.825 | Chg: 0.033 0.04% Resistance Levels: 78.03 |77.56| 77.33| 77.03 Support Levels: 76.76 |76.60| 76.04 |75.08 SUMMARY : up TREND: up trend MA10 : bullish MA20: neutral STOCHASTIC : neutral MARKET ANALYSIS - Intraday Analysis USDJPY formed a top at 77.03 (R1) but couldn’t break above that level and bounced back towards 76.76 yesterday support. It seems that the USDJPY is gaining momentum and we can expect bullish moves in today’s session. Look for long positions targeting 77.33 (R1) with a stop loss below 76.60 (S2). Source: FX Central Clearing Ltd, (http://www.fxcc.com) URL: https://support.fxcc.com/email/technical/12012012

Daily Forex Market by FXCC 11Jan2012 MARKET OVERVIEW – JANUARY 11 2012 The dollar and yen fell versus most of their major peers The franc was little changed at 1.2128 per euro after earlier gaining to 1.2107, the strongest since Sept. 20.The dollar fell 0.1 percent to $1.2778 per euro at 5 p.m. in New York after weakening 0.4 percent yesterday. It depreciated earlier today to $1.2818, the least since Jan. 5. The yen declined 0.1 percent to 98.19 per euro. The dollar was unchanged at 76.85 yen. The GBP/USD rally from its recent lows continued on Tuesday, reaching the 1.5500 price area from the earlier session low of 1.5445, ending trade in New York 0.17% higher at 1.5482. New Zealand’s currency, nicknamed the kiwi, rose 0.9 percent to 79.44 U.S. cents, and Australia’s dollar advanced 0.7 percent to $1.0314. The Canadian dollar has appreciated more than 1% this week, Tuesday saw USD/CAD fall to a 3-day low of 1.0152 from the earlier high of 1.0238. UPCOMING EVENTS 2012-01-11 05:00 GMT |Japan - Leading Economic Index (Nov) Preliminar 2012-01-11 08:00 GMT | Germany - Real GDP Growth 2012-01-11 08:00 GMT | EU - Gross Domestic Product s.a. (QoQ) (Q3 2012-01-11 09:00 GMT | EU - Gross Domestic Product s.a. (YoY) (Q3) FOREX NEWS 2012-01-11 05:05 GMT | Japan Leading Economic Index rises to 92.9 in Nov 2012-01-11 02:12 GMT | China should use $2 trill FX reserves for overseas investment 2012-01-11 01:15 GMT | The Greenback roars ahead through an active Asian session 2012-01-11 00:01 GMT | United Kingdom Dec BRC Shop Price Index (MoM) 1.7%   EURUSD 1.27540 / 1.27547 High: 1.27789 | Low: 1.26287 | Chg: -0.0024 -0.19% SUMMARY: Up INTRADAY TREND: Uptrend MA10: Bearish MA20: Bearish STOCHASTIC: Neutral Resistance Levels: 1.3021 | 1.2969 | 1.2897 | 1.2818 Support Levels: 1.2719 | 1.2666 | 1.2597 | 1.2561 Intraday Analysis: EURUSD found a strong technical support at 1.26666 (S2) and in yesterday’s session it moved upwards and reached a top at 1.2818 (R1). Following that we saw a decline towards Tuesday’s support level at 1.2719 (S1). A break below that level we can expect the price to retest 1.2666 (S2), and with further decline we will be targeting 1.2597 (S3). On the upside, if price manages to break above our first resistance level 1.2818 (R1) price will most probably approach 1.2897 (R2). In the daily chart the pair is in a downtrend mode with the price moving closer to the downtrend trend line. Our recommendation for today’s session is no position as we can wait either for a reaction upwards and retest of the downtrend trend line or for a move downwards and continuation of the downtrend trend.   GBPUSD 1.54612 / 1.54618 High: 1.54904 | Low: 1.54472 | Chg: -0.0023 -0.15% SUMMARY: Up INTRADAY TREND: Uptrend MA10: Bearish MA20: Bearish STOCHASTIC: Neutral Resistance Levels: 1.5630 | 1.5579 | 1.5525 | 1.5497 Support Levels: 1.5422 | 1.5395 | 1.5364 | 1.5312 Intraday Analysis: The GBPUSD formed a top yesterday at 1.5497 (R1) and now it seems that it is moving upwards to retest the same resistance level. A break above that level will confirm our long positions targeting 1.5579 (R3). A stop loss should be placed below 1.5447. On the downside if price manages to stay below 1.5525 (R2) we will focus for a retest downwards towards our support level 1.5364 (S3) a strong technical and psychological level for the bulls.   USDJPY 76.906/ 76.909 High: 76.941 | Low: 76.812 | Chg: 0.068 0.09% SUMMARY: Neutral INTRADAY TREND: Sideways MA10: Bullish MA20: Bullish STOCHASTIC: Neutral Resistance Levels: 78.03 | 77.56 | 77.33 | 77.00 Support Levels: 76.76 | 76.60 | 76.04 | 75.08 Intraday Analysis: USDJPY is moving in a trading range between the levels 76.76 (S1) and 77.00 (R1). Now the price is retesting our resistance level and a break above 77.00 we expect the price to rise more towards 77.33 (R2). On the other hand, if price bounce from 77.00 (R1) we expect the price to move further downwards towards 76.60 (S2) a strong technical support level. Deeper decline will then retest 76.04 (S3). Look for a long or short position above or below either level. Source: FX Central Clearing Ltd, (http://www.fxcc.com) URL: https://support.fxcc.com/email/technical/11012012

Daily Forex Market by FXCC 10Jan2012 MARKET OVERVIEW – JANUARY 10 2012 Major currency pair and Commodity currency pair analysis The euro appreciated 0.4 percent to $1.2770. The euro strengthened 0.3 percent to 98.15 yen, rebounding from the lowest level since December 2000. The Swiss franc strengthened against 13 of its 16 major counterparts, gaining 0.6 percent versus the dollar. The USD/JPY ended lower for a second consecutive session on Monday, having ended with a loss of 0.23% on the day at 76.81, down from 76.99 of last Friday. GBP/JPY trading close to last week’s closing price, around 118.75, Monday saw the pair extend its slide to fresh 3-month lows. The Canadian currency, nicknamed the loonie, advanced 0.5 percent to C$1.0235 per U.S. dollar at 5 p.m. Toronto time having weakened by up to 0.3 percent earlier. One Canadian dollar buys 97.70 U.S. cents. The Aussie is showing upside strength versus the U.S. dollar early in the Asian session recovering from fresh 2-week lows below 1.0150 on Monday, currently printing at 1.0250 from an earlier session low of 1.0226. UPCOMING EVENTS 2012-01-10 04:05 GMT |China - Trade Balance (Dec) 2012-01-10 08:00 GMT | Denmark - Retail Sales (YoY) (Nov) 2012-01-10 08:30 GMT | Sweden - Industrial Production (YoY) (Nov) 2012-01-10 09:00 GMT | Norway - Producer Price Index (YoY) (Dec) FOREX NEWS 2012-01-10 03:45 GMT | Aussie and Kiwi rally in risk-on Asia 2012-01-10 03:03 GMT | China Dec Trade Balance 16.5B 2012-01-10 00:04 GMT | UK - RICS Housing Price Balance -16 in Dec 2012-01-10 00:02 GMT | UK - Dec BRC Retail Sales Monitor - All (YoY) 2.2%   EURUSD 1.27881 / 1.27887 High: 1.27967 | Low: 1.26594 | Chg: 0.0023 0.18% SUMMARY: Up INTRADAY TREND: Uptrend MA10: Bullish MA20: Bullish STOCHASTIC: Neutral Resistance Levels: 1.3013 | 1.2969 | 1.2897 | 1.2814 Support Levels: 1.2719 | 1.2666 | 1.2597 | 1.2561 Intraday Analysis: After EURUSD formed a bottom at 1.26666 (S2) a strong support for the bulls, it seems that now is heading for an upward correction towards our second resistance 1.2897 (R2). A proper confirmation of this scenario will take place if the price manages to break above 1.2814 (R1). On the downside, if price falls back below 1.2719 (S1), we can expect the price to retest 1.2666 (S2) at a strong psychological level. A break below that level, then we will start focusing at the next support level 1.2597 (S3).   GBPUSD 1.54711 / 1.54721 High: 1.54849 | Low: 1.54444 | Chg: 0.0012 0.08% SUMMARY: Up INTRADAY TREND: Uptrend MA10: Bullish MA20: Bullish STOCHASTIC: Overbought Resistance Levels: 1.5666 | 1.5630 | 1.5579 | 1.5525 Support Levels: 1.5422 | 1.5395 | 1.5364 | 1.5312 Intraday Analysis: The GBPUSD moved upwards and closed above yesterday’s resistance 1.5469 and now is moving towards 1.5525 (R1). A break above that level suggests further rise towards 1.5579 (R2) and then 1.5630 (R3). In the other hand, if the price manages to hold below the first resistance level 1.5525 (R1) we can expect retest of 1.5422 (S1) and a break below that level, expecting the price to retest 1.5395 (S2) and 1.5364 (S3) which is a strong technical and psychological support for the bulls.   USDJPY 76.832/ 76.836 High: 76.904 | Low: 76.775 | Chg: 0.001 0% SUMMARY: Down INTRADAY TREND: Downtrend MA10: Bearish MA20: Bearish STOCHASTIC: Neutral Resistance Levels: 78.03 | 77.56 | 77.33 | 76.95 Support Levels: 76.60 | 76.04 | 75.56 | 75.08 Intraday Analysis: USDJPY after price formed a bottom at 76.76 yesterday’s support level, price continued in sideways move between that level and 76.95. A break above 76.95 could trigger further bullish moves towards 77.33 (R2). On the downside, if price breaks below 76.60 (S1), will confirm our short positions targeting 76.04 (S2). A stop loss should be placed above 76.95 (R1). Source: FX Central Clearing Ltd, (http://www.fxcc.com) URL: https://support.fxcc.com/email/technical/10012012

Daily Forex Market Update by FXCC 09Jan2012 MARKET OVERVIEW – JANUARY 09 2012 Major currency pair and Commodity currency pair analysis The euro fell 0.4 percent to 97.54 yen as of 8:28 a.m. in Sydney after earlier touching 97.38, the lowest level witnessed since December 2000. The currency declined by 0.2 percent to $1.2687 and earlier reached $1.2671, its lowest level since September 2010. The dollar was at 76.89 yen from 76.97. Canada’s currency depreciated 0.8 percent to C$1.0284 per U.S. dollar yesterday in Toronto, from C$1.0213 on Dec. 30. It touched C$1.0077 on Jan. 3, the strongest level since Dec. 8. One Canadian dollar buys 97.24 U.S. cents. The Australian dollar is under pressure in Asia reaching a 5-day low versus the greenback and a 7-day low versus the yen as the FX market focus remains on the euro zone debt and banking crisis in the week ahead. AUD/USD started from 1.0225 Friday and has since traded a 1.0189/1.0211 range intraday, below the 200-day EMA. AUD/JPY has traded 78.25/60 since the session open down from 78.72 Friday. UPCOMING EVENTS 2012-01-09 06:45 GMT |Switzerland - Unemployment Rate n.s.a (MoM) (Dec)) 2012-01-09 07:00 GMT | Germany - Trade Balance s.a. (Nov) 2012-01-09 09:30 GMT | EU - Sentix Investor Confidence (Jan) 2012-01-09 11:00 GMT | Germany - Industrial Production s.a. w.d.a. (YoY) (Nov) FOREX NEWS 2012-01-09 03:00 GMT | Investors should keep a bullish stance on the dollar in 2012 2012-01-09 01:51 GMT | Spec positioning back in BOJ intervention zone - Westpac 2012-01-09 00:38 GMT | Australia: No change in retail sales past Nov. 2012-01-09 00:08 GMT | Australia: New home sales rise 6.8% on RBA rate cut   EURUSD 1.27376 / 1.27382 High: 1.27458 | Low: 1.26662 | Chg: 0.0023 0.18% SUMMARY: Down INTRADAY TREND: DOWNTREND MA10: Bearish MA20: Neutral STOCHASTIC: Oversold Resistance Levels: 1.2969 | 1.2897 | 1.2814 | 1.2763 Support Levels: 1.2666 | 1.2597 | 1.2561 | 1.2507 Intraday Analysis: EURUSD fell and formed a bottom at 1.2666 (S1) and now it seems that is heading towards 1.2763 (R1). A break above that level, we can expect a correction upwards towards 1.2814 (R2). We can see clearly that the pair is in a downtrend move but a correction upwards is expected leading to a further decline. Try to sell near resistance 1.2763 (R1) with a stop loss above 1.2814 (R2).   GBPUSD 1.54447 / 1.54449 High: 1.54473 | Low: 1.53955 | Chg: 0.0019 0.012% SUMMARY: DOWN INTRADAY TREND: DOWNTREND MA10: Bearish MA20: Neutral STOCHASTIC: Neutral Resistance Levels: 1.5630 | 1.5579 | 1.5526 | 1.5466 Support Levels: 1.5395 | 1.5364 | 1.5312 | 1.5274 Intraday Analysis: GBPUSD fell sharply yesterday and continued in decline from 1.5526 (R2). If GBPUSD break above that level, we can expect re-testing resistance at 1.5526 (R2). Further rise will then focus on 1.5579 (R3). On the downside, decline below current support level 1.5395 (S1) will confirm our short positions towards 1.5364 (S2) and then 1.5312 (S3). A stop loss should be placed above 1.5433.   USDJPY 76.915/ 76.920 High: 77.007 | Low: 76.79 | Chg: -0.046 -0.06% SUMMARY: DOWN INTRADAY TREND: DOWNTREND MA10: Bearish MA20: Bearish STOCHASTIC: Neutral Resistance Levels: 78.34 | 78.603 | 77.56 | 77.33 Support Levels: 76.85 | 76.60 | 76.04 | 75.56 Intraday Analysis: USDJPY lost momentum yesterday and made a bottom at 76.85 (S1) after forming a top at 77.33 (R1). A break below our support level at 76.85 (S1), will give us a proper confirmation for short positions, as we expect the pair to continue its downwards pressure. A stop loss should be placed above 77.33 (S1). Source: FX Central Clearing Ltd, (FXCC.COM) URL: https://support.fxcc.com/email/technical/09012012/

Daily Technical Analysis by FXCC 06Jan12 MARKET OVERVIEW – JANUARY 06 2012 Major currency pair and Commodity currency pair analysis The euro fell 0.6 percent to 98.68 yen at approx. 3 p.m. New York time, after reaching 98.48 yen earlier, once again pushing back lows not seen since December 2000. It dropped 1.2 percent to $1.2788, tumbling below $1.28 for the first time since Sept. 13, 2010, and touching $1.2777. The dollar appreciated 0.6 percent to 77.17 yen. The pound rose to its highest level versus the euro since September 2010, reaching 82.52 pence before trading at 82.59 pence, up 0.3 percent. It depreciated 0.9 percent to $1.5488. The pound also rose against the Swiss franc and the Danish krone. GBP/JPY didn't hold above 120.00 during Wednesday trading. The Pound peaked during the European morning session at 119.92 but then fell to 119.16, daily low. The 119.15/20 area appears to be support holding after several tests. USD/CHF touched a fresh 3-week high of 0.9530 continuing to threaten the resistance area. The Canadian currency, the loonie, depreciated 0.7 percent to C$1.0198 per U.S. dollar at 5 p.m. Toronto time. One Canadian dollar currently buys 98.06 U.S. cents. It touched$1.0226, this was the weakest level since Dec. 29. The loonie dropped by 0.2 percent to 75.61 yen on Thursday after earlier falling 0.5 percent. It dropped on Oct. 4Th to 72.16 yen, the lowest level since February 2009. The Aussie weakened 1 percent to $1.0262, and New Zealand’s dollar dropped 0.9 percent to 78.10 U.S. cents. EURUSD 1.27808 / 1.27812 High: 1.27991 | Low: 1.27633 | Chg: -0.001 -0.08% SUMMARY: Down INTRADAY TREND: DOWN MA10: Bearish MA20: Bearish STOCHASTIC: Oversold Resistance Levels: 1.3067 | 1.3031 | 1.2998 | 1.2909 Support Levels: 1.2730 | 1.2703 | 1.2676 | 1.2645 Intraday Analysis: EURSD fell sharply in yesterday’s session and successfully broke below the recommended support levels taking away 53+ pips on the first support and 100+ pips in the second support level. After a sharp decline the price is now moving around the 1.2770 and is heading towards the return line 1.2645 of the downtrend trend line. A strong resistance for the bearish is at 1.2909 (S1). Look for a short position below 1.2909 (S1) with a stop loss at 1.2998 (S2).   GBPUSD 1.54974 / 1.54984 High: 1.55074 | Low: 1.54759 | Chg: 0.0003 0.02% SUMMARY: Neutral INTRADAY TREND: DOWN MA10: Neutral MA20: Neutral STOCHASTIC: Neutral Resistance Levels: 1.5709 | 1.5669 | 1.5577 | 1.5512 Support Levels: 1.5465 | 1.5411 | 1.5383 | 1.5347 Intraday Analysis: GBPUSD fell and formed a low at 1.5465 (S1) a strong support level with the combination of the downward move, took away 43+ pips of profit. Now the pair found a strong support at that level and is moving upwards towards 1.5512 (R1). A break above that level, will confirm long positions towards 1.5577 (R2). On the other hand if the pair fails to break above that level then we expect the target to be at 1.5411 (S2).   USDJPY 77.147 / 77.151 High: 77.259 | Low: 77.067 | Chg: 0.042 0.05% SUMMARY: Neutral INTRADAY TREND: Up MA10: Bullish MA20: Bullish STOCHASTIC: Neutral Resistance Levels: 78.98 | 78.67 | 78.16 | 77.55 Support Levels: 76.60 | 76.03 | 75.68 | 75.31 Intraday Analysis: USDJPY after a consolidation, rise relatively sharply towards our resistance levels giving us a profit of 43 pips. Now it seems that the price is rising again towards 77.55 (R1) a strong resistance level in technical and psychological way. A break above that level we are suggesting the target to be at 78.16 (R1) and then 78.67 (R3). On the other hand if the price retest that resistance level and bounces back then we expect the price to decline towards 76.60 (S1) and then 76.03 (S2). We do not suggest any position with today's trading session until we get a clearer direction of the price. Source: FX Central Clearing Ltd. (FXCC) http://www.fxcc.com/tech-analysis