Market Overview by FXCC

[alayoua]

Daily Forex Market by FXCC 28Mar2012

 

Daily Forex Market by FXCC 28Mar2012

 

EURUSD is trading bellow 1.3400 level

 

After losing ground Tuesday on a strong dollar advance, EUR/USD is gently bid in early Asia, having inched up to a session high of 1.3335 from an earlier low of 1.3312, last quoted near the top of the range, 30 pips above its opening price.Cable is currently at 1.5955, inside a very limited range 1.5944/61 the pair has been within since session started from the lower part of it. Local share markets are in a risk-off mode bringing down Nikkei index by -1.15% among others, with oil and gold at session lows.

 

After a second attempt at critical resistance just shy of 111.50 on Tuesday, EUR/JPY pulled back to close modestly higher on the day at 110.74 from110.61. So far this Wednesday in Asia, the pair is trading a limited range between 110.52 and 110.86, last at 110.60. Support is noted at 110.12 (19 March high), while resistance is at 110.91 (intraday).

Read More

https://support.fxcc.com/email/technical/28032012/

 

UPCOMING EVENTS

2012-03-28 08:30 GMT | United Kingdom Current Account (Q4)

2012-03-28 08:30 GMT | United Kingdom Gross Domestic Product (QoQ) (Q3)

2012-03-28 08:30 GMT | United Kingdom Gross Domestic Product (YoY) (Q3)

2012-03-28 08:30 GMT | United Kingdom Total Business Investment (YoY) (Q4)

 

FOREX NEWS

2012-03-28 04:09 GMT | Aussie at session lows vs. USD, JPY

2012-03-28 01:18 GMT | USD/JPY breaks below 83.00

2012-03-28 00:45 GMT | EUR/USD inching higher, reaches 1.3335

2012-03-28 00:14 GMT | AUD/USD dips below 1.0440

 

-------------------

EURUSD : 1.33316 / 1.33324

DAILY WEEKLY MONTHLY

 

 

1.3550 | 1.3493 | 1.3441 | 1.3382

1.3284 | 1.3220 | 1.3177 | 1.3133

 

SUMMARY : Neutral

TREND : Sideway

MA10 : Neutral

MA20 : Neutral

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD didn’t made any significant moves yesterday as it moved in a consolidation mode between the 1.3284 (S1) and 1.3382 (R1) levels. The bulls face a major hurdle at the 1.3370 (R1) level, a significant both psychological and technical level. As we want to continue our winning streak on this pair our recommendations for today’s trading session is no position until we see a break above first resistance and continuation of the uptrend or a break below 1.3284 (S1) that it will trap the pair in a trading range. No position.

 

---------------

GBPUSD : 1.59554 / 1.59563

DAILY WEEKLY MONTHLY

 

 

1.6149 | 1.6096 | 1.6057 | 1.6000

1.5907 | 1.5817 | 1.5769 | 1.5711

 

SUMMARY : Up

TREND: Up trend

MA10 : Neutral

MA20 : Neutral

STOCHASTIC : Overbought

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD formed a low below 1.5817 (S2) and after that the pair rebounded and rise moving closer to our resistance level at 1.6000 level (R1). After a successful run the pair fell and trapped again in a trading range between 1.5907 (S1) and 1.6000 (R1). A break above 1.6000 level could trigger further bullish pressure targeting 1.6057 (R2) while a break below 1.5907 (S1) could trigger further bearish pressure towards support levels. Look for long positions above 1.6000 level targeting resistance levels. A stop loss should be placed at 1.5950.

 

---------------

USDJPY : 82.908 / 82.917

DAILY WEEKLY MONTHLY

 

 

84.59 | 84.08 | 83.81 | 83.39

82.64 | 82.31 | 81.97 | 81.31

 

SUMMARY : Up

TREND : Up trend

MA10 : Bearish

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The USDJPY continued to rise from 81.97 (S3) and reached a high yesterday at 83.39 (R1). It seems the pair made a correction downwards and it will retest the first resistance soon. Look for long positions at current price, as the pair is moving upwards towards 84.00 level with a strong bullish momentum. A stop loss should be placed above 82.31 (S2).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 29Mar2012

 

Daily Forex Market by FXCC 29Mar2012

 

EUR/USD flat in Asia

 

EUR/USD is trading now at 1.3319 exactly same opening price started Asian session, in the middle of a 25 pip range 1.3307/1.3332. With not much change since late NY, there is a clear ask line at 1.3332 limiting the upside, while downside has been pretty much contained as well despite risk-off mode during the Asian trade, with local share markets overall in the red, Nikkei losing -0.67%. GBP/USD has so far traded up to a session high of 1.5907 in Asia, extending the overnight bounce from ascending trendline support at 1.5840 - taken from the 1.5700 and 1.5800 troughs - and is now hovering around the 1.5900 handle, up 15 pips on the day.

 

The combination of Yen shorts bailing themselves out of stale long positions coupled with an acceleration in Aussie bears continues to damage the AUD/JPY, which has seen the rate dive from 86.06 NY close all the way down to currently approach 85.63, yesterday's low. Current price stays at 85.76, day lows.

Read More

https://support.fxcc.com/email/technical/29032012/

 

UPCOMING EVENTS

2012-03-29 07:55 GMT | Germany Unemployment Rate s.a. (Mar)

2012-03-29 08:30 GMT | United Kingdom Mortgage Approvals (Feb)

2012-03-29 09:00 GMT | European Monetary Union Economic Confidence (Mar)

2012-03-29 09:00 GMT | European Monetary Union Industrial Confidence (Mar)

 

FOREX NEWS

2012-03-29 04:31 GMT | GBP/USD hovers around 1.5900

2012-03-29 01:11 GMT | AUD/JPY long squeeze picks up, 85.63 low in sight

2012-03-29 00:58 GMT | AUD/USD drops, finds support at 1.0360

2012-03-29 00:01 GMT | New Zealand Business Confidence increase to 33.8 in Mar

 

------------

EURUSD : 1.33192 / 1.33199

DAILY WEEKLY MONTHLY

 

 

1.3550 | 1.3493 | 1.3441 | 1.3382

1.3276 | 1.3220 | 1.3177 | 1.3133

 

SUMMARY : Neutral

TREND : Sideway

MA10 : Neutral

MA20 : Neutral

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The EURUSD formed a high at 1.3382 (R1) retesting for second time the upper level without managing to break above it as a result the price to trap in a trading range between 1.3382 (R1) and 1.3276 (S1). Yesterday the price retested and bounced from the lower boundary and now it seems that is trading in the middle of the channel. As far as the price is moving between these levels we remain flat. Our recommendation for today’s trading session is no position as we do not have a clear trend direction.

 

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GBPUSD : 1.59134 / 1.59150

DAILY WEEKLY MONTHLY

 

 

1.6098 | 1.6051 | 1.6000 | 1.5940

1.5842 | 1.5805 | 1.5769 | 1.5703

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

-------------

GBPUSD fell and formed a bottom at 1.5842 (S1) and now it seems that is heading towards 1.5940 (R1). A break above that level, would suggest target at 1.6000 (R2) a strong technical level for the bulls as a break above it will then focus on 1.6051 (R3). A stop loss should be placed at 1.5878.

 

USDJPY : 82.663 / 82.670

DAILY WEEKLY MONTHLY

 

 

84.57 | 84.09 | 83.55 | 82.97

82.54 | 81.97 | 81.41 | 80.91

 

SUMMARY : Down

TREND : Down trend

MA10 : Bearish

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The USDJPY formed a new low at 82.54 and it is moving downwards. A break below 82.54 (S1) would suggest target at 81.97 (S2) and further fall will then be limited at 81.41 (S3). Look for short positions in today’s trading session as both of our Moving Averages 10 - 20 turned bearish and the pair is under bearish pressure.

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[necat02]

Can you take a look at this demo account and comment about

 

Login : 5089637

Password : tf3xVTw (read only password)

 

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[alayoua]

Daily Forex Market by FXCC 30Mar2012

 

Daily Forex Market by FXCC 30Mar2012

 

EUR/USD above 1.3350 in late Asia

 

EUR/USD is currently at 1.3350 near Asian session highs at 1.3359, bouncing from as low as 100 pips below, where the NY session started. The pair resumed the rebound in Asia with almost no retrace in the middle, clearing out stop losses previously reported by ForexLive in the 1.3340 area, in what it seems a massive stops hunting action, rapidly sending price above yesterday's highs. USD also had a big sell off against yen taking USD/JPY to multi week lows.

 

AUD/USD has traded in range between 1.0365 and 1.0412 so far this Friday, last at 1.0390 from 1.0381 at the Asian opening. AUD is generally weak given speculation over a potentially dovish stance from the RBA’s decision on monetary policy next week, having slid to a 2-month low of 1.0303 versus the greenback overnight.GBP/JPY is currently at 131.16 slightly below Asian opening prices, in an overall pretty volatile session, specially coming from JPY and its final day in the fiscal year in Japan. The cross has reached session lows at 130.62, before recovering sharply matching again opening prices around 131.48 for then retreating again to current levels.

Read More

https://support.fxcc.com/email/technical/30032012/

 

UPCOMING EVENTS

2012-03-30 09:02 GMT | European Monetary Union Consumer Price Index (YoY)

2012-03-30 12:30 GMT | Canada Gross Domestic Product (MoM) (Jan)

2012-03-30 12:30 GMT | United States Personal Income (MoM) (Feb)

2012-03-30 12:30 GMT | United States Core Personal Consumption Expenditure - Price Index (MoM) (Feb)

 

FOREX NEWS

2012-03-30 05:02 GMT | Japan Construction Orders (YoY) -1.8% in Feb

2012-03-30 05:01 GMT | Japan Feb Housing Starts (YoY) 7.5%

2012-03-30 00:01 GMT | USD/JPY trades softer post Japanese CPI data

2012-03-30 00:01 GMT | Japan Feb Industrial Production (MoM) -1.2%

 

----------------

EURUSD : 1.33477 / 1.33486

DAILY WEEKLY MONTHLY

 

 

1.3549 | 1.3489 | 1.3451 | 1.3381

1.3277 | 1.3220 | 1.3177 | 1.3133

 

SUMMARY :

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The EURUSD fell from 1.3350 and formed a lower bottom at 1.3250 after which the price rebounded from that level and rise above yesterday’s support closing just above it. A break above the first resistance level of 1.3381 (R1) would suggest a target of 1.3451 (R2). If the price holds its momentum on the upside we can expect a further rise towards 1.3489 (R3). On the other hand, if the price does not manage to break above 1.3382 (R1) we can expect the pair to retest support at 1.3277 (S1) and a further fall will be limited to 1.3220 (S2).

 

----------------

GBPUSD : 1.59801 / 1.59819

DAILY WEEKLY MONTHLY

 

 

1.6145 | 1.6098 | 1.6051 | 1.6000

1.5933 | 1.5842 | 1.5805 | 1.5769

 

SUMMARY :

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD rise from 1.5842(S2) and made a sharp move upwards breaking above our yesterday’s resistance levels and closing just below of our recommended target ending our day with profits. After the price formed a top at 1.6000 (R1) level, the price fell and now the price is moving upwards again to retest that level. A break above 1.6000 would suggest target at 1.6051 (R2) and further rise will then be limited at 1.6098 (R3).

 

--------------

USDJPY : 82.005 / 82.013

DAILY WEEKLY MONTHLY

 

 

84.09 | 83.55 | 82.97 | 82.54

81.83 | 81.21 | 80.56 | 80.11

 

SUMMARY : Down

TREND : Down trend

MA10 : Bearish

MA20 : Bearish

STOCHASTIC : Overbought

 

 

MARKET ANALYSIS - Intraday Analysis

 

After the USDJPY retested 82.54 (R1) it could not break above that level and fell, penetrating successfully our support levels and forming a new low at 81.83 (S1) ending our day with a good profit!!. A break below that level would suggest a target at 81.21 (S2) and a further fall will then be limited at 80.56 (S3). On the other hand if the price manages to stay above 81.83 (S1) we expect the price to retest 82.54 (R1). If a break occurs above that level we suggest a target at 82.97 (R2).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 02Apr2012

 

Daily Forex Market by FXCC 02Apr2012

 

EUR/USD still below 1.3350; PMI, employment data eyed

 

EUR/USD has been little changed after giving up the early upside advantage at the weekly opening, having started the day at 1.3360, then trading down to a session low of 1.3330 during the Asia-Pacific hours, last at 1.3340/45 versus 1.3335 late Friday.In the European session ahead, the Purchasing Manager Index Manufacturing data for March is due at 0758 GMT, expected to remain in contractionary territory. About two hours later, the February Unemployment Rate will be released, with surveyed economists anticipating an increase in the rate by 0.1% to 10.8%.

 

For the past two weeks EUR/JPY has been range bound between 108.45 and 111.45, last quoted near the top of the range at 110.95 this hour in Asia as it operates around the 111.00 figure, up from 110.40 late Friday.The Australian dollar has fallen to fresh session lows against the greenback this Monday in Asia after disappointing building approval numbers for February were released by the Australian Bureau of Statistics. AUD/USD slid sharply from pre-data 1.0415, to lows below the 1.0400 mark, last at 1.0395 versus 1.0365 late Friday, still up 0.4% on the day.

Read More

https://support.fxcc.com/email/technical/02042012/

 

UPCOMING EVENTS

2012-04-02 07:15 GMT | Switzerland Real Retail Sales (YoY) (Feb)

2012-04-02 07:53 GMT | GermanyPurchasing Manager Index Manufacturing (Mar)

2012-04-02 07:58 GMT | European Monetary Union Purchasing Manager Index Manufacturing (Mar)

2012-04-02 10:01 GMT | European Monetary Union Unemployment Rate (Feb)

 

FOREX NEWS

2012-04-02 04:01 GMT | GBP/USD at session lows below 1.6000

2012-04-02 02:57 GMT | EUR/JPY trading sideways around 111.00

2012-04-02 01:58 GMT | EUR/USD closes the opening gap

2012-04-02 01:30 GMT | Australia Feb Building Permits (MoM) -7.8%

 

--------------

EURUSD : 1.33381 / 1.33388

DAILY WEEKLY MONTHLY

 

 

1.3548 | 1.3498 | 1.3451 | 1.3382

1.3308 | 1.3260 | 1.3220 | 1.3177

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD after a short consolidation, continue to rise from Friday’s support level of 1.3260(S2) and has reached a high at 1.3382 (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 1.3308 (S1) we can expect a further rise and retest towards our first resistance level at 1.3382 (R1). A break above that level would suggest target at 1.3451 (R2). On the other hand, if the price does not manage to break above 1.3382 (R1) we can expect the price to move downwards and retest the first support level at 1.3308 (S1) and a deeper decline could be then supported at 1.3260 (S2).

 

---------------

GBPUSD : 1.59924 / 1.59935

DAILY WEEKLY MONTHLY

 

 

1.6178 | 1.6129 | 1.6071 | 1.6036

1.5943 | 1.5882 | 1.5842 | 1.5805

 

SUMMARY : Up

TREND : Up trend

MA10 : Neutral

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD moved upwards and formed a lower high at 1.6030 and after that the price fell retesting Friday’s support level. A break below 1.5943 (S1) would suggest target at 1.5882 (S2) and further fall will then be limited at 1.5842 (S3). On the other hand if the pair find a strong momentum to the upwards we expect the price to retest 1.6036 (R1) a significant level for the bulls as a break above that level would suggest target at 1.6071 (R2).

 

--------------

USDJPY : 83.040 / 83.044

DAILY WEEKLY MONTHLY

 

 

84.67 | 84.09 | 83.77 | 83.31

82.54 | 81.83 | 81.43 | 80.97

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

USDJPY rebounded from 81.83 (S2) and made a sharp move upwards successfully penetrating our first resistance level and closed just below of our second level. It now seems the pair is doing a small correction before it continues its move upwards towards 83.77 (R2). A proper confirmation for long positions will be when the price manages to break above our first resistance level. A stop loss should be placed above 81.83 (S2)

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 03Apr2012

 

Daily Forex Market by FXCC 03Apr2012

 

EUR/USD capped below 1.3350 in Asia

 

EUR/USD is retreating at 1.3340 from session highs at 1.3355 ahead of Australia's RBA cash rate statement at 04:30 GMT, with local share markets mostly flat and mixed, with Hang-Seng showing gains, while Nikkei is down by -0.61% after its lunch break. Not much data for today's London session ahead Euro related, with final GDP and PPI figures at 09:00 GMT, being FOMC minutes later on at 18:00 GMT key event for the day.

 

AUD/USD spiked higher given massively wide spreads during the RBA cash statement release, printing session highs as high as 1.0476 depending on the feed, for now plummeting near opening prices last at 1.0417, falling from 1.0435 by the time the data came out. The RBA left rates unchanged as widely expected at 4.25% with now market reacting selling off the Aussie, even against Kiwi, sending the cross AUD/NZD also near session lows, last at 1.2633 after printing session highs at 1.2705.EUR/JPY is currently at 109.27 bouncing from fresh 5-day lows at 108.67 following USD/JPY dive towards 81.55 after much worse than expected Japanese monetary base figures, which blew the 82.00 support away. The cross is down for the week -1.45%.

Read More

https://support.fxcc.com/email/technical/03042012/

 

UPCOMING EVENTS

2012-04-03 08:30 GMT | United Kingdom PMI Construction (Mar)

2012-04-03 09:00 GMT | EU Gross Domestic Product s.a. (QoQ) (Q1)

2012-04-03 09:00 GMT | EU Gross Domestic Product s.a. (YoY) (Q1)

2012-04-03 09:00 GMT | EU Producer Price Index (YoY) (Feb)

 

FOREX NEWS

2012-04-03 04:43 GMT | RBA: Rates unchanged at 4.25%; inflation outlook fluid

2012-04-03 04:10 GMT | EUR/USD capped below 1.3350 in Asia

2012-04-03 01:33 GMT | Japan Labor Cash Earnings (YoY) 0.7% in Mar

2012-04-03 01:31 GMT | Australia Retail Sales s.a. (MoM) 0.2% in Feb

 

----------------

EURUSD 1.33390 / 1.33394

DAILY WEEKLY MONTHLY

 

 

1.3548 | 1.3498 | 1.3451 | 1.3382

1.3277 | 1.3248 | 1.3191 | 1.3134

 

SUMMARY : Neutral

TREND : Sideway

MA10 : Bullish

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD formed a high at 1.3382 (R1) as we previously mentioned in yesterday’s analysis as it has reached a very crucial level that has been retest 3 times in the past. A break above that level, it will indicate an upward break out from the trading range of the intraday chart. This is very important as it will determine our bias towards the next trading sessions. Overall, a break above that level we will look to confirm an uptrend as the outlook continues to be positive for the EURUSD. A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 1.3382 (R1) targeting 1.3451 (R2). A stop loss should be placed above 1.3277 (S1).

 

--------------

GBPUSD : 1.60323 / 1.60335

DAILY WEEKLY MONTHLY

 

 

1.6189 | 1.6143 | 1.6095 | 1.6063

1.6000 | 1.5943 | 1.5888 | 1.5842

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Overbought

 

 

MARKET ANALYSIS - Intraday Analysis

 

The GBPUSD rise and broke above our yesterday’s resistance level forming a new high at 1.6063 (R1) and it seems that it will continue its upward movement. The pair is in a crucial moment as a break above first resistance would suggest target at 1.6143 (R3). On the other hand if the price fails to break above 1.6063 (R1), we can expect the pair to retest 1.6000 (S1) level. A break below that level would suggest a target at 1.5943 (S2) and further fall with then be limited at 1.5888 (S3).

 

----------------

USDJPY : 82.090 / 82.094

DAILY WEEKLY MONTHLY

 

 

84.09 | 83.77 | 83.31 | 82.54

81.54 | 80.67 | 80.21 | 79.55

 

SUMMARY : Down

TREND : Down trend

MA10 : Bearish

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

After the pair formed a high at 83.31 (R2), the USDJPY was able to break below yesterday’s support and formed a new low at 81.54 (S1). A break below the 81.54 level would suggest a target of 80.67. On the other hand if the price fails to break below 81.54, we can expect the pair to retest 82.54 (R1) and a break above that level would suggest target at 83.31 yesterday’s first resistance level.

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 04Apr2012

 

Daily Forex Market by FXCC 04Apr2012

 

EUR/USD hovering over 1.3200

 

EURUSD is grinding lower on Wednesday ahead of the ECB rate decision due later on.After dropping more than 100 pips after the FOMC minutes in yesterday’s session, from the 1.3340 region to the 1.3220 area, the negative sentiment has extended into the Asian session dragging the cross as low as 1.3184 so far. Ahead in the day, PMI services and Factory Orders are expected in Germany, Retail Sales in the pan-European composite and the ECB interest rate decision. In the US, ISM non-manufacturing and the ADP employment change will also be published.

 

EUR/AUD is currently at 1.2847 retreating from session highs at 1.2870 when Australia's trade deficit was published, and a surplus was expected by market participants. Those highs are about the same seen yesterday and Monday as well, and last Thursday. Current yearly highs sit right above it few pips higher reached Friday at 1.2887. Recent weekly lows printed Tuesday after RBA no move on interest rates read 1.2733. Aussie has just momentarily broke below 2-month lows at 1.0300 reached right after Fed minutes were out suggesting no more QE is in the horizon, printing new lows at 1.0289 few minutes ago during current Asian session.

Read More

https://support.fxcc.com/email/technical/04042012/

 

UPCOMING EVENTS

2012-04-04 07:53 GMT | Germany Purchasing Manager Index Services (Mar)

2012-04-04 08:00 GMT | European Monetary Union Purchasing Manager Index Services (Mar)

2012-04-04 08:30 GMT | United Kingdom Purchasing Manager Index Services (Mar)

2012-04-04 09:00 GMT | European Monetary Union Retail Sales (MoM) (Feb)

 

FOREX NEWS

2012-04-04 06:16 GMT | GBP/USD below 1.5900 ahead of PMI

2012-04-04 03:56 GMT | EUR/AUD below 1.2850 back to where it was 4 days ago

2012-04-04 02:21 GMT | EUR/USD cracks 1.3200

2012-04-04 01:34 GMT | Australia Feb Trade Balance -480M

 

---------------------

EURUSD : 1.32036 / 1.32041

DAILY WEEKLY MONTHLY

 

 

1.3382 | 1.3340 | 1.3277 | 1.3248

1.3183 | 1.3134 | 1.3081 | 1.3014

 

SUMMARY : Down

TREND : Down trend

MA10 : Bearish

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD moved all the way down from 1.3340 forming a new low at 1.3183 (S1). It seems the pair has found a strong support at that level, but we expect the pair to continue its downward move. Our Moving Averages both turned bearish and are providing a strong resistance to the price confirming us the break out and the downtrend. Look for short positions targeting 1.3134 (S2). A stop loss should be placed below 1.3248.

 

-----------------

GBPUSD : 1.58887 / 1.58895

DAILY WEEKLY MONTHLY

 

 

1.6124 | 1.6063 | 1.5977 | 1.5920

1.5842 | 1.5783 | 1.5713 | 1.5651

 

SUMMARY : Down

TREND : Down trend

MA10 : Bearish

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD fell this morning forming a new low at 1.5866 and now is trading below first resistance of 1.5920. A break above first resistance would suggest target at 1.5977 (R2). On the other hand if the price continues its downward move we expect the price to retest 1.5842. A break below that level would suggest target at 1.5783 (S2).

 

--------------

USDJPY : 82.688 / 82.692

DAILY WEEKLY MONTHLY

 

 

84.51 | 83.81 | 83.31 | 82.97

82.41 | 81.54 | 81.05 | 80.57

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

USDJPY rise all the way from 81.54 and formed a new high at 82.98. A break above that level would suggest target at 83.31 (R2) and further rise will be limited at 83.81. On the other hand if price fails to move upwards we expect the price to retest 82.41 and a break below that level would suggest target at 81.54 yesterday’s first support level.

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 05Apr2012

 

Daily Forex Market by FXCC 05Apr2012

 

EUR/USD quietly advances to session highs

 

EUR/USD is printing fresh session highs at 1.3158 following China services PMI in line with expected at 53.3 which means expansion, and market participants have taken it as a risk on relief for a while, either exiting existing positions, or entering new ones pushing USD lower across the board. Local share markets also are on the bounce from multi-week lows, with yen selling off currently at 82.29 for USD/JPY. Euro kind of lags in the reaction, like against AUD for example, with EUR/AUD cross siting at session lows 1.2783. With only main macro risk event ahead in the form of German industrial production at 10:00 GMT, and many countries getting ready for a three to four day weekend for Eastern, everything will be set up for big day Friday with US NFP which will bring plenty of volatility given low liquidity available with almost all Europe on holidays.

 

AUD/JPY is currently at 84.61, retreating from session highs at 84.81, following last dip in USD/JPY with yen demand on the rise as Nikkei index keeps falling another -0.77% adding to yesterday's -2.29% loss. Main focus for current Asian session, ahead of the 4-day weekend coming tomorrow in Australia, will be Chinese PMI services at 02:30 GMT

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https://support.fxcc.com/email/technical/05042012/

 

UPCOMING EVENTS

2012-04-05 08:30 GMT United Kingdom Industrial Production (YoY) (Feb)

2012-04-05 10:00 GMT Germany Industrial Production s.a. w.d.a. (YoY) (Feb)

2012-04-05 11:00 GMT United Kingdom BoE Interest Rate Decision

2012-04-05 11:00 GMT United Kingdom BoE Asset Purchase Facility

 

FOREX NEWS

2012-04-05 02:46 GMT USD/JPY at fresh session lows after China PMI

2012-04-05 02:34 GMT China Mar HSBC China Services PMI decreases to 53.3

2012-04-05 00:53 GMT AUD/JPY at a crossroads below 85.00

2012-04-04 23:22 GM GBP/USD hovers below 1.59 in early Asia

 

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EURUSD : 1.31541 / 1.31548

DAILY WEEKLY MONTHLY

 

 

1.3340 | 1.3277 | 1.3248 | 1.3189

1.3108 | 1.3057 | 1.3011 | 1.2967

 

SUMMARY: Down

TREND : Down trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD couldn’t hold in yesterday’s trading session and fell, breaking below our support level and forming a new low at 1.3108 (S1). A break below that level would suggest a target at 1.3057 (S2) and a further fall will focus attention on 1.3011 (S3) a significant technical and psychological level. On the other hand if the pair moves upwards and manages to break above 1.3189 (R1) we expect the price to retest 1.3248 (R2) and any further rise will then be limited to 1.3277 (R3).

 

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GBPUSD : 1.59010 / 1.59022

DAILY WEEKLY MONTHLY

 

 

1.6098 | 1.6063 | 1.5977 | 1.5934

1.5832 | 1.5799 | 1.5732 | 1.5668

 

SUMMARY : Down

TREND : Down trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Overbought

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD fell below our first support and formed a bottom at 1.5832. After that the price rise and closed just below of yesterday’s first resistance. We expect the GBPUSD to continue its move downwards and to complete the correction at the level of 1.5732 (S3). A proper confirmation for the short positions will be when the price manages to break below the first support level of 1.5832 (S1). A stop loss should be placed at 1.5934 (R1).

 

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USDJPY : 82.231 / 82.233

DAILY WEEKLY MONTHLY

 

 

84.51 | 83.79 | 83.31 | 82.98

82.08 | 81.54 | 80.81 | 80.23

 

SUMMARY : Down

TREND : Down trend

MA10 : Bearish

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The USDJPY moved closer to support levels at 82.08, retested it twice but didn’t manage to break below it. After that, the price rise and now is trading above 82.08 (S1). If price will be able to break below that level, USDJPY target is at 81.54 (S2). Further decline will re-test support at 80.81 (S3). A stop loss should be placed below 82.98 (R1).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 06Apr2012

 

Daily Forex Market by FXCC 06Apr2012

 

EUR/USD flat in Asia around 1.3070

 

EUR/USD had a little lift ahead of Shanghai open from session lows 1.3153 up to current 1.3069, and that was about it. Trapped in a tiny spread of 3 pips for the last two hours, the pair just sits above NY highs, holding onto some -0.53% from yesterday's Asian open, with Australia, New Zealand, Hong-Kong and Singapure on holidays for current session. The day ahead shows a blank agenda for the London session as both UK and Europe mainland will be closed on holidays, and main risk event will be US NFP at 12:30 GMT which is expected widely above the +200k figure for jobs added in the non farm payroll

 

With Tokyo the largest FX trading center open during the Asia-Pacific session, the USD/JPY pair is getting some modest action in an otherwise comatose start to trading this Friday due to the upcoming Easter holiday.

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https://support.fxcc.com/email/technical/06042012/

 

UPCOMING EVENTS

2012-04-06 06:45 GMT | France Trade Balance EUR (Feb)

2012-04-06 12:30 GMT | United States Nonfarm Payrolls (Mar)

2012-04-06 12:30 GMT | United States Average Hourly Earnings (MoM) (Mar)

2012-04-06 12:30 GMT | United States Unemployment Rate (Mar)

 

FOREX NEWS

2012-04-06 05:06 GMT | Japan Coincident Index increase to 93.7 in Mar

2012-04-06 05:04 GMT | Japan: Leading Economic Index (Feb): 96.6

2012-04-06 02:10 GMT | EUR/AUD paused above 8-day low 1.2660

2012-04-06 00:56 GMT | EUR/USD holds above 1.3050 after overnight push down

 

------------------

EURUSD : 1.30754 / 1.30763

DAILY WEEKLY MONTHLY

 

 

1.3341 | 1.3248 | 1.3205 | 1.3107

1.3035 | 1.3000 | 1.2951 | 1.2911

 

SUMMARY : Down

TREND : Down trend

MA10 : Neutral

MA20 : Neutral

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD fell below our first support and formed a new bottom at 1.3035 (S1). After that the price rise and closed below the first resistance level. We expect the EURUSD to find a strong support around 1.3000 (S2) as it is a strong technical and psychological level for the bulls. We might see a correction upwards and then a continuation of the downtrend or we can see a continuation of the downtrend without a correction. Our recommendations for today’s trading session is no positions as in the last 3-4 sessions we got around 250 pips of profit on this pair and it is better to wait until we see which of the bulls of the bear will win the battle. No position.

 

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GBPUSD : 1.58562 / 1.58578

DAILY WEEKLY MONTHLY

 

 

1.6063 | 1.6016 | 1.5965 | 1.5909

1.5804 | 1.5751 | 1.5703 | 1.5643

 

SUMMARY : Down

TREND : Down trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The GBPUSD fell and formed a strong support at 1.5804 (S1) a significant technical and psychological level. Following that, the price rise and now is moving below the first resistance level. The same with this pair as since this week we made around 250 pips in profit we remain flat as we expect the pair to find a strong support at 1.5804 (S1). Now it is very important what the bearish have in mind and if the traders will hold their short positions against the GBP. No position.

 

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USDJPY : 82.251 / 82.256

DAILY WEEKLY MONTHLY

 

 

84.00 | 83.31 | 82.98 | 82.43

81.82 | 81.54 | 81.05 | 80.55

 

SUMMARY : Down

TREND : Down trend

MA10 : Neutral

MA20 : Neutral

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The USDJPY fell and formed a new low at 81.82 (S1). Following that the price rise and closed just below of today’s resistance level. A break above 82.43 level would suggest target at 82.98 (R2) and further rise will then be limited at 83.31 (R3). On the other hand a break below 81.82 would suggest target at 81.05 (S3). A stop loss in both cases should be placed around 50 pips away from support or resistance level.

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 09Apr2012

 

Daily Forex Market by FXCC 09Apr2012

 

EUR/USD lower in Asia, holds above 1.3050

 

EUR/USD is currently recovering at 1.3061 from fresh 3-week lows at 1.3034, reached ahead of a better than expected CPI figures in China year to date, showing an increase of +3.6% vs +3.3% expected. Risk off sentiment is present in Asia with Australian markets closed and practically all European ones closed as well for holiday, with Nikkei index printing lows near the 9500 points mark, now recovering from session lows losing some -0.93% after lunch break.The session ahead in London shows a blank agenda as most European countries will be closed for holidays, and then the US still in the Eastern weekend on holidays though markets seem to open.

 

EUR/JPY has fallen to fresh 5-week lows this Monday in Asia, reaching as far as 106.15 from 106.72 at the end of trading in NY Friday as the market extends its bearish reversal.The Australian Dollar is under growing pressure in Asia, with the antithesis being a much firmer US Dollar across the board, only challenged by the Japanese Yen, which also resumes bullish momentum. The Aussie is currently trying to avoid being pushed lower as it levitates near day lows following a higher-than-expected Chinese CPI y/y data, which came at 3.6% in March as opposed to a 3.4% expected by analysts; the production price index y/y stood at -0.3% vs -0.2% estimate in the March reading.

Read More

https://support.fxcc.com/email/technical/09042012/

 

UPCOMING EVENTS

2012-04-09 07:00 GMT Romania Trade Balance (Feb)

2012-04-09 09:00 GMT Greece Consumer Price Index (YoY) (Mar)

2012-04-09 09:00 GMT Greece Industrial Production (YoY) (Feb)

2012-04-09 10:00 GMT Portugal Global Trade Balance (Dec)

 

FOREX NEWS

2012-04-09 05:07 GMT Japan Eco Watchers Survey: Outlook down to 49.7 in Mar

2012-04-09 04:23 GMT EUR/USD lower in Asia, holds above 1.3050

2012-04-09 01:45 GMT AUD/USD sees no change on soft tone after China CPI

2012-04-09 01:30 GMT China Consumer Price Index (YoY) rises to 3.6% in Mar from 3.2%

 

---------------

EURUSD : 1.30655 / 1.30661

DAILY WEEKLY MONTHLY

 

 

1.3341 | 1.3248 | 1.3168 | 1.3107

1.3032 | 1.3000 | 1.2951 | 1.2903

 

SUMMARY : Neutral

TREND : Sideway

MA10 : Bearish

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD fell and broke below our first resistance 1.3107 forming a new low at 1.3032 (S1). After that the price rise and is now moving in a consolidation mode. By the time that the price retested our support level 3 times without succeeding to break below that this will keep as flat for today not risking a break below 1.3032 level or 1.3000 as both of these levels are significant technical and psychological important for the bulls. Our recommendation for today’s trading session is no position until we see which of the bulls of the bear will win the battle.

 

----------------

GBPUSD : 1.58709 / 1.58725

DAILY WEEKLY MONTHLY

 

 

1.6063 | 1.6016 | 1.5965 | 1.5909

1.5804 | 1.5763 | 1.5729 | 1.5654

 

SUMMARY : Neutral

TREND : Sideway

MA10 : Neutral

MA20 : Neutral

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The GBPUSD didn’t make any significant moves in Friday’s trading session as it moved between the first support and resistance. A break in either direction will determine the trading bias in today`s session. A break below 1.5804 will confirm our short positions targeting 1.5763 (S2) and a further fall will be limited to 1.5729 (S3). On the other hand, if the pair breaks above the first resistance level of 1.5909 (R1), we would expect the price to retest 1.5965 (R2) and a further rise will then focus at 1.6016 (R3).

 

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USDJPY : 81.404 / 81.410

DAILY WEEKLY MONTHLY

 

 

83.31 | 82.98 | 82.43 | 81.82

81.19 | 80.55 | 79.98 | 79.61

 

SUMMARY : Down

TREND : Down trend

MA10 : Bearish

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The USDJPY fell and broke below our Friday’s resistance level forming a new low at 81.19 (S1) and it seems that it will continue its downward movement. Both of our Moving Averages are bearish creating a strong resistance to the price. Look for short positions around 81.82 targeting 81.19 (S1). A stop loss should be placed at 82.43 (R2).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 10Apr2012

 

Daily Forex Market by FXCC 10Apr2012

 

EUR/USD printing new weekly highs

 

After sporting a much firmer profile across the board, the USD is showing its weakest version in early HK trade, with the EUR/USD currently extending gains past the 1.3133 mark, yesterday's high. The origin of the latest bull run comes after a recovery off 1.3030 support, forming a double bottom in the process. The rate has been able to establish a new weekly peak after a brief drive through 1.3141. From a fundamental perspective, Spain and Italy remain on the spotlight with bond yields on the rise, undermining the allure towards the EUR. On the other side of the pond, Bernanke is yet to pull off the hat stronger easing rhetoric after today's uneventful speech.

 

AUD/USD is currently inching higher in Asia with Hong-Kong opening pushing higher, though Hang-Seng index is lower near -1%, and Nikkei is up around +0.5% bouncing in the 9500 points level after falling more than -5% in recent days. Aussie is trading at 1.3026 rising from session lows 1.0295.

Read More

https://support.fxcc.com/email/technical/10042012/

 

UPCOMING EVENTS

2012-04-10 08:00 GMT | Norway Consumer Price Index (MoM) (Mar)

2012-04-10 08:00 GMT | Norway Core Inflation (MoM) (Mar)

2012-04-10 08:30 GMT | United Kingdom DCLG House Price Index (YoY) (Feb)

2012-04-10 08:30 GMT | European Monetary Union Sentix Investor Confidence (Apr)

 

FOREX NEWS

2012-04-10 03:10 GMT | Japan BoJ Interest Rate Decision steadies at 0.1%

2012-04-10 03:07 GMT | China Trade Balance up to 5.347B in Mar

2012-04-10 01:30 GMT | Australia Mar ANZ Job Advertisements falls to 1% vs 3.3%

2012-04-10 01:30 GMT | Australia National Australia Bank's Business Confidence rises to 3 in Mar

 

---------------

EURUSD 1.31227 / 1.31232

DAILY WEEKLY MONTHLY

 

 

1.3387 | 1.3341 | 1.3248 | 1.3163

1.3035 | 1.3000 | 1.2951 | 1.2903

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The EURUSD moved upwards and managed to stay above yesterday’s support 1.3035 (S1) and now it is moving towards 1.3163 (R1). A break above that level we suggest further rise towards 1.3248 (R2) and then 1.3341 (R3). On the other hand, if the price manages to hold below 1.3163 (R1) we can expect retest of 1.3035 (S1) and further fall will then be limited at 1.2951 (S3).

 

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GBPUSD 1.59201 / 1.59213

DAILY WEEKLY MONTHLY

 

 

1.6112 | 1.6063 | 1.6016 | 1.5956

1.5884 | 1.5804 | 1.5763 | 1.5729

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD is forming higher tops, as it rise for 3 consecutive days after forming a high at 1.6063 (R3), formed a strong support level at 1.5804 (S1). Following that we saw a correction towards 1.5884 and it seems the pair will re-test our resistance levels soon. A break above 15956 (R1) would suggest a target of 1.6016 (R2) and a further rise will then focus on the next target at 1.6063 (R3) a technical and psychological level. A stop loss should be placed below 1.5884 (S1).

 

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USDJPY : 81.364 / 81.368

DAILY WEEKLY MONTHLY

 

 

83.31 | 82.98 | 82.43 | 81.82

81.19 | 80.55 | 79.98 | 79.48

 

SUMMARY : Down

TREND : Down trend

MA10 : Bearish

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The USDJPY rise and formed a new high (intraday) at 81.82 (R1) and after that fell towards yesterday’s first support. A break below 81.19 will confirm our short positions targeting 80.55 (S2) and further fall will then be limited at 79.98 (S3). A stop loss should be placed at 81.82 (R1).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 11Apr2012

 

Daily Forex Market by FXCC 11Apr2012

 

EUR/USD below 1.3100

 

EUR/USD has been thru a quiet up and down 30 pip range session this Wednesday in Asia, currently holding onto 10 pip gains over initial opening price last at 1.3090, finding resistance so far at session highs 1.3096, and support at session lows 1.3067. All local share markets are deep in the red, with Nikkei near session lows below the 9400 points mark, losing -1.53% for the day.The GBP/USD pair has gotten a moderate boost so far this Wednesday following a better than expected BRC retail sales reading in the year to March, pushing the pair slightly up to as session high of 1.5878 vs. 1.5860 late Tuesday in New York.

 

EUR/JPY is attempting to muster a recovery from its recent dip to fresh 2-month lows, having climbed to as high as 105.77 this Wednesday in Asia from an earlier low of 105.43, a price not seen since the 22nd day of February.

Read More

https://support.fxcc.com/email/technical/11042012/

 

UPCOMING EVENTS

2012-04-11 07:00 GMT | Hungary Consumer Price Index (YoY) (Mar)

2012-04-11 07:00 GMT | Denmark Industrial Production (MoM) (Feb)

2012-04-11 08:00 GMT | Norway Manufacturing Output (Feb)

2012-04-11 12:15 GMT | Canada Housing Starts s.a (YoY) (Mar)

 

FOREX NEWS

2012-04-11 03:16 GMT | USD/JPY limited between 80.59/80.8220

2012-04-11 03:00 GMT | EUR/JPY set for bullish correction EUR/JPY set for bullish correction

2012-04-11 01:42 GMT | AUD/USD on new session highs above 1.0260

2012-04-11 01:30 GMT | Australia Home Loans -2.5% in Feb

 

---------------

EURUSD : 1.30989 / 1.30995

DAILY WEEKLY MONTHLY

 

 

1.3382 | 1.3341 | 1.3248 | 1.3145

1.3035 | 1.3000 | 1.2951 | 1.2903

 

SUMMARY : Neutral

TREND : Sideway

MA10 : Neutral

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The EURUSD didn’t make any significant moves in yesterday’s trading session as it moved between the first support and resistance level. A break in either direction will determine the trading bias in today`s session. A break below 1.3035 will confirm our short positions targeting 1.3000 (S2) and a further fall will be limited to 1.2951 (S3). On the other hand, if the pair breaks above the first resistance level of 1.3145 (R1), we would expect the price to retest 1.3248 (R2) and a further rise will then focus at 1.3341(R3).

 

---------------

GBPUSD 1.58850 / 1.58861

DAILY WEEKLY MONTHLY

 

 

1.6098 | 1.6063 | 1.6016 | 1.5931

1.5804 | 1.5763 | 1.5704 | 1.5651

 

SUMMARY : Neutral

TREND : Sideway

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD couldn’t hold in yesterday’s trading session and fell, breaking below our support level and forming a new low at 1.5804 (S1). A break below that level would suggest a target at 1.5763 (S2) and a further fall will focus attention on 1.5704 (S3) a significant technical and psychological level. On the other hand if the pair moves upwards and manages to break above 1.5931 (R1), we expect the price to retest 1.6016 (R2) and further rise will then be limited at 1.6063 (R3).

 

---------------

USDJPY : 80.865 / 80.868

DAILY WEEKLY MONTHLY

 

 

82.98 | 82.43 | 81.82 | 81.18

80.63 | 79.96 | 79.50 | 79.11

 

SUMMARY : Down

TREND : Down trend

MA10 : Bearish

MA20 : Bearish

STOCHASTIC : Oversold

 

 

MARKET ANALYSIS - Intraday Analysis

 

After the USDJPY formed a top at 81.82 the price fell and broke below yesterday’s support levels closing below 81.18 (R1). A break above that level would suggest target at 81.82 (R2) a strong technical level for the bears. On the other hand if price fails to move above first resistance we expect the price to retest 80.63 (S1) yesterday’s low. A break below that level would suggest target at 79.96 (S2) and further fall will then focus at 79.50 (S3).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 12Apr2012

 

Daily Forex Market by FXCC 12Apr2012

 

EUR/USD is currently near session highs

 

EUR/USD is currently at 1.3133 near session highs 5 pips above, gaining +0.18% since Asian open. Markets had a lift on risk appetite once Australia's jobs data showed better than expected results, keeping unemployment rate steady at 5.2% while an increase to 5.3% was expected, and adding new 44k jobs to the economy. Local share markets and US futures are higher, Nikkei up by +0.15%, pointing for a slightly higher open in Europe.

 

EUR/AUD has recently fell from a cliff, losing about 80 pips in no time following the Aussie jobs report, and lower from yesterday's highs at 1.2784, last at 1.2664 with session and week lows at 1.2640. The Australian Dollar is soaring across the board after what may be labeled as a 'spectacular' jobs number in Australia. AUD/USD has so far posted a high of 1.0360 from 1.0300 following the creation of fresh 44k new jobs in March, restoring faith in the Australian economy after it lost 15.4k in February.

Read More

https://support.fxcc.com/email/technical/12042012/

 

UPCOMING EVENTS

2012-04-11 08:00 GMT | European Monetary Union ECB Monthly Report

2012-04-11 08:30 GMT | United Kingdom Goods Trade Balance (Feb)

2012-04-11 08:30 GMT | United Kingdom Trade Balance; non-EU (Feb)

2012-04-11 09:00 GMT | European Monetary Union Industrial Production w.d.a. (YoY) (Feb)

 

FOREX NEWS

2012-04-12 04:20 GMT | EUR/USD above 1.3100 in Asia

2012-04-12 01:30 GMT | Australia Unemployment Rate s.a. steadies at 5.2%

2012-04-12 01:00 GMT | Australia Apr Consumer Inflation Expectation 3.3%

2012-04-11 00:02 GMT | Japan Domestic Corporate Goods Price Index (MoM) 0.6%

 

-----------------

EURUSD : 1.31384 / 1.31389

DAILY WEEKLY MONTHLY

 

 

1.3382 | 1.3341 | 1.3248 | 1.3145

1.3035 | 1.3000 | 1.2951 | 1.2903

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD formed a high at 1.3145 (R1) as we previously mentioned in yesterday’s analysis as it has reached a very crucial level that has been retest 3 times in the past. A break above that level, it will indicate an upward break out from the trading range of the intraday chart. This is very important as it will determine our bias towards the next trading sessions. Overall, a break above that level we will look to confirm an uptrend as the outlook continues to be positive for the EURUSD. A proper confirmation for the long positions will be when the price manages to break above 1.3170. A stop loss should be placed above 1.3035 (S1).

 

--------------

GBPUSD : 1.59260 / 1.59272

DAILY WEEKLY MONTHLY

 

 

1.6114 | 1.6063 | 1.6016 | 1.5937

1.5852 | 1.5804 | 1.5751 | 1.5705

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD released a lot of volatility in yesterday’s trading session moving upwards above 1.5930 and then moved downwards breaking below 1.5900 touching our yesterday’s support level. It seems that the pair is gaining momentum and is moving towards 1.5937 (R1). A break above that level would suggest a target at 1.6016 (R2) a strong technical level. Look for long positions above 1.5937 (R1) targeting 1.6016 (R2). A stop loss should be placed above 1.5852 (S1).

 

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USDJPY : 80.948 / 80.954

DAILY WEEKLY MONTHLY

 

 

82.98 | 82.43 | 81.82 | 81.18

80.57 | 79.71 | 79.42 | 78.88

 

SUMMARY Neutral

TREND Sideway

MA10 Neutral

MA20 Neutral

STOCHASTIC Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

USDJPY fell and closed above yesterday’s support at 80.85 and now seems to be moving between 80.57 and the 81.18 level. A break above that level we suggest further rise towards 81.82 (R2) and then 82.43 (R3). On the other hand, if the price manages to hold below 81.18 (R1) we can expect retest of 80.57 (S1). A break below that level would suggest target at 79.71 (S2).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 13Apr2012

 

Daily Forex Market by FXCC 13Apr2012

 

EUR/USD in correction mode below 1.3175 in Asia

 

EUR/USD is last quoted at 1.3171, off from session lows at 1.3163, and correcting from yesterday's and 6-day highs at 1.3211, losing a -0.12% since Asian session started. The news of the day are the lower than expected China 1Q GDP at +8.1% vs +8.4% consensus expectations, and the failed North Korean missile launch. Local share markets overall show gains, with Nikkei above the 9600 points mark higher by +1.31%. The London session ahead shows a soft agenda in Euro related macro data to be published, with CPI figures coming out from several countries like Spain, Italy and Germany all along the European morning, as well as Italy industrial production at 08:00 GMT.

 

USD/JPY retreated from its session highs immediately following the weaker than expected Q1 Chinese GDP number, as investors were caught off guard and the safe-haven JPY enjoyed a dose of risk-off flows. The pair managed to dip as low as 80.96 from its 81.18 peak, and has since bounced back to levels above the 81.00 mark, last at 81.10 versus 80.88 at the end of trading in New York.

Read More

https://support.fxcc.com/email/technical/13042012/

 

UPCOMING EVENTS

2012-04-13 08:30 GMT | United Kingdom Producer Price Index - Input (MoM)

2012-04-13 08:30 GMT | United Kingdom Producer Price Index - Input (YoY)

2012-04-13 08:30 GMT | United Kingdom Producer Price Index - Output (MoM)

2012-04-13 08:30 GMT | United Kingdom Producer Price Index - Output (YoY)

 

FOREX NEWS

2012-04-13 04:26 GMT | EUR/USD in correction mode below 1.3175 in Asia

2012-04-13 02:10 GMT | China: Real GDP surprisingly weak at 8.1% in Q1

2012-04-13 02:02 GMT | China Mar Retail Sales (YoY) 15.2%

2012-04-13 02:01 GMT | China Mar Industrial Production (YoY) 11.9%

 

-------------------

EURUSD : 1.31724 / 1.31732

DAILY WEEKLY MONTHLY

 

 

1.3379 | 1.3341 | 1.3278 | 1.3214

1.3145 | 1.3088 | 1.3035 | 1.3000

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD gained momentum in yesterday’s session and formed a higher bottom and top, successfully penetrating yesterday's resistance level. After that the price found a strong resistance at 1.3214 (R1) a strong technical lelvel. We expect the price to move upwards but only a break above 1.3214 (R1) will give as a confirmation for long positions targeting 1.3278 (R2) and further rise will then be limited at 1.3341 (R3). A stop loss should be placed at 1.3088 (S2).

 

-----------------

GBPUSD : 1.59491 / 1.59503

DAILY WEEKLY MONTHLY

 

 

1.6163 | 1.6110 | 1.6045 | 1.5984

1.5907 | 1.5852 | 1.5804 | 1.5751

 

SUMMARY : Up

TREND : Up trend

MA10 : Neutral

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD continued to move upwards forming a new top at 1.5984 (R1). A break above that level would suggest target at 1.6045 (R2) and further rise will then focus on 1.6110 (R3). On the other hand a break below 1.5907 (S1) would suggest target at 1.5852 and further fall will then be limited at 1.5804 (S3).

 

------------------

USDJPY : 81.031 / 81.035

DAILY WEEKLY MONTHLY

 

 

82.98 | 82.43 | 81.82 | 81.20

80.57 | 79.81 | 79.25 | 78.57

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Oversold

 

 

MARKET ANALYSIS - Intraday Analysis

 

The USDJPY didn’t make any significant moves in yesterday’s trading session as it moved between the first support and resistance level. A break in either direction will determine the trading bias in today`s session. A break below 80.57 will confirm our short positions targeting 79.81 (S2) and a further fall will be limited to 79.25 (S3). On the other hand, if the pair breaks above the first resistance level of 81.20 (R1), we would expect the price to retest 81.82 (R2) and a further rise will then focus at 82.43(R3).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 16Apr2012

 

Daily Forex Market by FXCC 16Apr2012

 

EUR/USD barely above 1.3000 in late Asia

 

EUR/USD heads into London session open ending the Asian trade at 1.3018, near session and fresh 5-week lows at 1.3009, losing some -0.43% from its opening price around 1.3075, and session highs at 1.3096. Local share markets are in the red with Nikkei lower by -1.33% and oil and gold also both at session lows, gold just breaking below Friday's lows. The Yen is reigning so far this Monday, benefited by the ballooning Spanish 10-yr bond yields, which recently hit the 6%, coupled with short-term negative effects on the Chinese band widening, seen as factor that will increase market volatility.

 

AUD/JPY has traded down to as low as 83.41 late Friday so far this Monday in Asia fueled by risk off flows triggered by the PBOC’s decision Saturday to widen the USD/CNY trading band. EUR/JPY has broken below support in the 105.45-50 area and is now targeting lower levels, last at 105.30 vs 105.92 late Friday in New York.

Read More

https://support.fxcc.com/email/technical/16042012/

 

UPCOMING EVENTS

2012-04-16 08:00 GMT | Turkey Budget Balance (Mar)

2012-04-16 08:00 GMT | Italy Global Trade Balance (Feb)

2012-04-16 09:00 GMT | European Monetary Union Trade Balance n.s.a. (Feb)

2012-04-16 09:00 GMT | European Monetary Union Trade Balance s.a. (Feb)

 

FOREX NEWS

2012-04-16 05:24 GMT | USD/JPY breaks support at 80.60

2012-04-16 01:45 GMT | AUD/JPY dips below 83.50

2012-04-16 00:54 GMT | USD/CHF well bid in Asia

2012-04-16 00:51 GMT | EUR/USD hits fresh 1-month low

 

---------------

EURUSD : 1.30207 / 1.30209

DAILY WEEKLY MONTHLY

 

 

1.3278 | 1.3214 | 1.3140 | 1.3048

1.3004 | 1.2951 | 1.2913 | 1.2867

 

SUMMARY : Down

TREND : Down trend

MA10 : Bearish

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD after the pair formed a high at 1.3214 it fell for 2 consecutive days and formed a bottom at 1.3004 (S1) a significant technical and psychological level. A break below that level will confirm our short positions towards 1.2951 (S2) and a further fall with then be limited to 1.2913 (S3). On the other hand if the price manages to stay above 1.3004 (S1) we expect the price to retest 1.3048 (R1) and if a break happens above that level we expect the price to move towards next upwards objective at 1.3140 (R2) and to give a ‘big breath’ to the bulls as 1.3000 levels are crucial for them.

 

--------------

GBPUSD : 1.58278 / 1.58290

DAILY WEEKLY MONTHLY

 

 

1.6034 | 1.5984 | 1.5909 | 1.5858

1.5804 | 1.5755 | 1.5704 | 1.5664

 

SUMMARY : Down

TREND : Down trend

MA10 : Bearish

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD fell this morning and formed a low at 1.5822 penetrating below Friday’s resistance level. A break below 1.5804 (S1) will continue its downward move targeting the next support level at 1.5755 (S2) a strong technical level and further decline will then be limited to 1.5704 (S3). On the other hand if the price breaks above 1.5858 (R1) it would suggest a target at 1.5909 (R2).

 

--------------

USDJPY : 80.572 / 80.575

DAILY WEEKLY MONTHLY

 

 

82.98 | 82.43 | 81.82 | 81.20

80.35 | 79.67 | 79.13 | 78.81

 

SUMMARY : Down

TREND : Down trend

MA10 : Bearish

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

USDJPY couldn’t hold this morning and fell, breaking below our Friday’s support level. A break below 80.35 would suggest a target at 79.67 (S2) and a further fall will focus attention on 79.13 (S3) a significant technical and psychological level. The short positions are supported by the Moving Averages 10 – 20 that are both bearish. A stop loss should be placed at 81.20 (R1).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 17Apr2012

 

Daily Forex Market by FXCC 17Apr2012

 

Forex: EUR/USD holding above 1.3100 ahead of German ZEW

 

EUR/USD is currently bouncing at 1.3122 from session lows at 1.3106 following RBA minutes and worse than expected foreigners investment figures in China for the 5th consecutive month, following a -6% for the month of March. The pair retraces from yesterday's highs at 1.3148, and higher from yesterday's and 8-week lows at 1.2994. The London session ahead will be a busy one according to EUR macro data related being released, including German ZEW economic sentiment survey and EU CPI figures both at 09:00 GMT. Earlier at 08:30 GMT will take place the Spanish short term sovereign debt auction, according to Bloomberg, which will focus market's attention. Later at 12:30 GMT ECB's chairman Mario Draghi will give a speech at a conference in Frankfurt.

 

After operating in consolidation mode for over 6 days, the EUR/GBP pair finally broke lower overnight to fresh 2012 lows, touching 0.8208 before regaining the upside to close on Monday at 0.8263, ending 0.2% above past Friday’s close. USD/CAD is currently at 1.0003, marginally higher from yesterday's weekly open in Asia-Pacific, climbing from Friday's lows 0.9926, and retracing from yesterday's highs 1.0030. The pair is trading at the upper bound of a price range has been into since late January this year, reaching as low as 0.9842 by March 01 since then.

Read More

https://support.fxcc.com/email/technical/17042012/

 

UPCOMING EVENTS

2012-04-17 08:00 GMT | United Kingdom Consumer Price Index (YoY) (Mar)

2012-04-17 09:00 GMT | EU - Consumer Price Index (YoY) (Mar)

2012-04-17 09:00 GMT | EU - Consumer Price Index - Core (YoY) (Mar)

2012-04-17 12:30 GMT | European Monetary Union ECB President Draghi's Speech

 

FOREX NEWS

2012-04-17 05:00 GMT | Japan Mar Consumer Confidence Index increase to 40.3

2012-04-17 03:52 GMT | Forex: EUR/GBP trades down to 0.8250

2012-04-17 01:40 GMT | RBA Minutes: CPI Q1 to dictate case for easier policies

2012-04-17 01:32 GMT | Australia Mar New Motor Vehicle Sales increase to 4%

 

---------------

EURUSD 1.31103 / 1.31106

DAILY WEEKLY MONTHLY

 

 

1.3313 | 1.3257 | 1.3214 | 1.3147

1.3047 | 1.3000 | 1.2951 | 1.2913

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

After the EURUSD formed a bottom at 1.3000 (S2) the pair rose and penetrated upwards all of our resistance levels forming a new high (intraday) at 1.3147 (R1). If it breaks above that level we can expect a target at 1.3214 (R2). On the other hand if a break occurs below the first support at 1.3047 (S1) expect the price to retest 1.3000 (S2) a strong technical and psychological level for the bulls.

 

---------------

GBPUSD 1.58729 / 1.58741

DAILY WEEKLY MONTHLY

 

 

1.6088 | 1.6042 | 1.5984 | 1.5909

1.5858 | 1.5804 | 1.5764 | 1.5706

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Neutral

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD made a sharp move upwards and broke above yesterday’s resistance level forming a new top at 1.5909 (R1). A break above that level would suggest a target at 5984 (R2) a strong technical and psychological level. On the other hand if the price manages to hold below 1.5909 we expect a retest of the first support level at 1.5858 (S1). A break below that level will suggest target at 1.5804 (S2).

 

---------------

USDJPY 80.417 / 80.422

DAILY WEEKLY MONTHLY

 

 

82.43 | 81.82 | 81.20 | 80.73

80.29 | 79.57 | 79.13 | 78.67

 

SUMMARY : Down

TREND : Down trend

MA10 : Bearish

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The USDJPY fell and broke below our Friday’s resistance level forming a new low at 80.29 (S1) and it seems that it will continue its downward movement. Both of our Moving Averages are bearish creating a strong resistance to the price. Look for short positions around 80.29 targeting 79.57 (S2). A stop loss should be placed at 80.73 (R1).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 18Apr2012

 

Daily Forex Market by FXCC 18Apr2012

 

EUR/USD unchanged above 1.3120

 

EUR/USD kept during the Asian trade with its tight range since late Monday in NY, showing no change today from yesterday's open in Asia-Pacific, trading at 1.3123 as last, with a session high at 1.3140, and a low at 1.3109. Risk appetite also had another round in the local share markets, with Nikkei higher by +1.81% despite the bad Chinese housing data coming out, and gold also on the rise above $1650. Yen selling was the way to go today in the Asian trade. For the London session ahead everybody will be waiting for tomorrow's 10 year Spanish bond auction, as for today's agenda there will only be two significant risk events EUR related during the European morning, current account for the EU

 

The AUD/USD has slipped below 1.0400 after a collection of Aussie negative news coming down the pipe just as the HK market prints its first ticks. The pair has failed to break yesterday's high at 1.0415, pulling back to current 1.0396 level.

Read More

 

 

UPCOMING EVENTS

2012-04-18 08:00 GMT | European Monetary Union Current Account s.a (Feb)

2012-04-18 08:30 GMT | United Kingdom Bank of England Minutes

2012-04-18 08:30 GMT | United Kingdom ILO Unemployment Rate (3M) (Apr)

2012-04-18 08:30 GMT | United Kingdom Claimant Count Change (Mar)

 

FOREX NEWS

2012-04-18 04:31 GMT | GBP/USD in trendless period ahead of BoE Minutes

2012-04-18 04:24 GMT | EUR/USD unchanged above 1.3120

2012-04-18 00:31 GMT | Australia Feb Conference Board Australia Leading Index 0.2%

2012-04-18 00:15 GMT | USD/JPY pushes above 81.00

 

--------------

EURUSD : 1.31177 / 1.31178

DAILY WEEKLY MONTHLY

 

 

1.3313 | 1.3257 | 1.3214 | 1.3153

1.3090 | 1.3047 | 1.3000 | 1.2953

 

SUMMARY : Neutral

TREND : Sideway

MA10 : Neutral

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD didn’t made any significant moves yesterday as it traded in a consolidation mode between the 1.3090 (S1) and 1.3153 (R1) levels. A break below 1.3090 would suggest a target of 1.3047 (S2) and further fall will then focus on 1.3000 (S3) a strong technical and psychological level. On the other hand if the price manages to stay above the first support (S1) we expect the price to retest 1.3153 (R1) and a break above that level will concentrate our focus on 1.3214 (R2).

 

--------------

GBPUSD : 1.59288 / 1.59302

DAILY WEEKLY MONTHLY

 

 

1.6088 | 1.6048 | 1.5984 | 1.5951

1.5909 | 1.5858 | 1.5819 | 1.5763

 

SUMMARY : Up

TREND : Up trend

MA10 : Bearish

MA20 : Neutral

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The GBPUSD formed a top on yesterday’s trading session at 1.5970 and then fell forming a low just above first support level at 1.5920. Now it seems it is moving away from 1.5909 (S1) to retest the resistance levels. A break above 1.5951 (R1) would suggest a target of 1.5984 (R2) and a further rise will then focus on the next target at 1.6048 (R3). On the downside, if the price breaks below the first support level of 1.5909 (S1) we can expect retesting of 1.5858 (S2). A further decline will then bring focus to the next support level at 1.5819 (S3).

 

----------------

USDJPY : 81.379 / 81.383

DAILY WEEKLY MONTHLY

 

 

83.31 | 82.98 | 82.43 | 81.82

81.13 | 80.73 | 80.29 | 79.88

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

USDJPY made a sharp move upwards this morning and successfully broke above yesterday’s resistance level. Only a break above 81.82 (R1) will confirm our long positions targeting our resistance levels. A stop loss should be placed at 80.73 (S2).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 20Apr2012

 

Daily Forex Market by FXCC 20Apr2012

 

EUR/USD capped below 1.3150 ahead of German IFO business climate

 

EUR/USD kept on tightening its trading range once again during the Asia-Pacífic session in the last trading day of the week in the region, last at 1.3145, with session highs at 1.3154 and lows at 1.3128. Daily 14 ATR volatility indicator shows a record low reading since early December last year, indicative of the very thin range the pair has trade within this week, ahead of a pretty bussy next week. Local share markets trade with no exception in the red with Nikkei down by -0.39%. The London session ahead has a main risk even in the form of German Ifo Business Climate index, expected to come in line with previous, which will set the pace for EUR/USD at 08:00 GMT, till next key risk event follows thru at 12:30 GMT in the form of US CPI figures. IMF and G20 meetings also start today, with French first round elections to take place Sunday, and Sarkozy starting to feel the pain in the polls.

 

The EUR/AUD cross has touched a fresh 7-day high of 1.2736 this Friday in Asia, largely on the back of Aussie weakness after the export price index fell 7.0% in the first quarter versus expectations of a 0.2% decline, adding to views that Australia’s terms of trade are poised to cool in the months ahead. The pair is now at 1.2730 vs. 1.2714 late Thursday in New York, recording a modest 0.1% gain on the day, amid a relatively quiet session in FX. AUD/USD trades at 1.0320 vs 1.0322 before the release.

Read More

https://support.fxcc.com/email/technical/20042012/

 

UPCOMING EVENTS

2012-04-20 08:00 GMT | Germany IFO - Business Climate (Apr)

2012-04-20 08:00 GMT | Germany IFO - Current Assessment (Apr)

2012-04-20 08:30 GMT | United Kingdom Retail Sales (YoY) (Mar)

2012-04-20 08:30 GMT | United Kingdom Retail Sales ex-Fuel (YoY) (Mar)

 

FOREX NEWS

2012-04-20 04:22 GMT | GBP/USD trades quietly ahead of UK Retail Sales

2012-04-20 01:31 GMT | Australia Export Price Index (QoQ) -7% in 1Q

2012-04-20 01:30 GMT | Australia Import Price Index (QoQ) -1.2% in 1Q

2012-04-20 01:04 GMT | USD/JPY at weekly highs, resistance at 81.80

 

----------------

EURUSD 1.31530 / 1.31534

DAILY WEEKLY MONTHLY

 

 

1.3314 | 1.3269 | 1.3214 | 1.3153

1.3057 | 1.3000 | 1.2957 | 1.2905

 

SUMMARY : Neutral

TREND : Neutral

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD didn’t made any significant moves yesterday as it traded in a trading range between 1.3153 (R1) and 1.3057 (S1) level. The only difference from the last trading session is that the pair is moving just below the first resistance level. We remain flat on EURUSD until we see a clear break out and in which direction it will move to develop an uptrend or a downtrend with more reliable support and resistance levels. No position.

 

GBPUSD : 1.60647 / 1.60658

DAILY WEEKLY MONTHLY

 

 

1.6245 | 1.6178 | 1.6129 | 1.6072

1.6009 | 1.5963 | 1.5909 | 1.5858

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The GBPUSD formed a top on yesterday’s session at 1.6072 (R1) and then fell forming a new low at 1.6009. Now it seems it is moving away from this level to retest the resistance levels. A break above 1.6072 (R1) would suggest a target of 1.6129 (R2) and a further rise will then focus on the next target at 1.6178 (R3). On the downside, if the price breaks below the first support level of 1.6009 (S1) we can expect retesting of 1.5963 (S2). A further decline will then bring focus to the next support level at 1.5909(S3).

 

---------------

USDJPY : 81.536 / 81.538

DAILY WEEKLY MONTHLY

 

 

82.67 | 82.13 | 81.87 | 81.69

81.39 | 81.13 | 80.73 | 80.29

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The USDJPY fell from 81.75 and formed a lower top at 81.69(R1) after which the price rebounded from 81.39 (S1). A break above the first resistance level of 81.69 (R1) would suggest a target of 82.13 (R3). If the price holds its momentum on the upside we can expect a further rise towards 82.67 (R4). On the other hand, if the price does not manage to break above 81.69 (S1) we can expect the pair to retest support at 81.39 (S1) and a further fall will be limited to 81.13 (S2).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 23Apr2012

 

Daily Forex Market by FXCC 23Apr2012

 

EUR/USD steady below 1.3200

 

EUR/USD has been around the 1.3200 round mark up and down during Asian session, last at 1.3194, printing session lows at 1.3177 and highs at 1.3209, slightly below Friday's close. Local share markets trade in the red overall, with Nikkei index down by -0.19%. For the London session ahead not many big risk events Euro related will come out but PMI figures, first French one at 07:00 GMT, followed by Germany one half hour later, and EU manufacturing PMI at 08:00 GMT, all of them expected to come slightly better than previous.

 

Investors are fleeing the Australian Dollar through the Asian session on a lower-than-expected Australian PPI print, which came at +1.4 YoY, -0.3 QoQ actual against 2.2%, 0.4% consensus, respectively. The Australian Dollar had been trading sluggish in the lead-up to the event as equity markets turned from flat to red territory despite last Friday's risk appetite mood. The results make the case for an RBA rate cut in the next policy meeting even more likely now.

Read More

https://support.fxcc.com/email/technical/23042012/

 

UPCOMING EVENTS

2012-04-23 07:30 GMT | GermanyPurchasing Manager Index Manufacturing (Apr)

2012-04-23 07:30 GMT | GermanyPurchasing Manager Index Services (Apr)

2012-04-23 08:00 GMT | EU - Purchasing Manager Index Manufacturing (Apr)

2012-04-23 08:00 GMT | EU - Purchasing Manager Index Services (Apr)

 

FOREX NEWS

2012-04-23 05:03 GMT | Japan: Coincident Index (Feb): 95

2012-04-23 01:43 GMT | AUD/USD declines on Australia PPI data

2012-04-23 01:31 GMT | Australia 1Q Producer Price Index (QoQ) -0.3%

2012-04-23 01:30 GMT | Australia 1Q Producer Price Index (YoY) 1.4%

 

----------------

EURUSD : 1.31897 / 1.31904

DAILY WEEKLY MONTHLY

 

 

1.3367 | 1.3313 | 1.3269 | 1.3214

1.3153 | 1.3102 | 1.3057 | 1.3000

 

SUMMARY :

TREND : Up trend

MA10 : Neutral

MA20 : Neutral

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD gained momentum in Friday’s session and formed a higher bottom and top, successfully penetrating Friday's resistance level. After that the price found a strong resistance at 1.3214 (R1) a strong technical level. We expect the price to move upwards but only a break above 1.3214 (R1) will give as a confirmation for long positions targeting 1.3269(R2) and further rise will then be limited at 1.3313 (R3). A stop loss should be placed above 1.3153 (S1).

 

---------------

GBPUSD : 1.61166 / 1.61178

DAILY WEEKLY MONTHLY

 

 

1.6291 | 1.6247 | 1.6189 | 1.6143

1.6078 | 1.6009 | 1.5963 | 1.5909

 

SUMMARY :

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Overbought

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD made a sharp move upwards and successfully broke above Fridays’s resistance level continuing the upward move. As long as it is above our first support level 1.6078 (S1), we can look for long positions targeting 1.6247 (S3). A stop loss should be placed at 1.6009 (S2) but the most conservative and tactical traders can hold and wait for the break above 1.6143 (R1) to open their long positions.

 

--------------

USDJPY : 81.286 / 81.292

DAILY WEEKLY MONTHLY

 

 

83.43 | 82.89 | 82.34 | 81.77

81.20 | 80.73 | 80.29 | 79.61

 

SUMMARY : Down

TREND : Down trend

MA10 : Bearish

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The USDJPY fell from 81.77 (R1) and formed a lower bottom at 81.25 after which the price rebounded from from that level. A break above the first resistance level of 81.77 (R1) would suggest a target and retest of 82.34 (R2). If the price holds its momentum on the upside we can expect a further rise towards 82.89 (R3). On the other hand, if the price does not manage to break above 81.77 (R1) we can expect the pair to retest support at 81.20 (S1) and a break below that level would suggest target at 80.73 (S2).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 24Apr2012

 

Daily Forex Market by FXCC 24Apr2012

 

EUR/USD quiet in Asia despite markets turmoil; holds above 1.3150

 

EUR/USD is quietly trading within a descending tight channel of less than 20 pips wide 1.3145/57 since NY close, last at 1.3152, despite big moves in Aussie and Yen in Asia-Pacífic trade. EUR/AUD is currently printing fresh 2-week highs at 1.2822 after much lower than expected Aus 1Q CPI showed a 0.1% increase while some +0.6% was expected, which opens the RBA doors for a rate cut next meeting May 1st. Local share markets are trading overall deep in the red. London session ahead brings a relatively quiet agenda in EUR macro data related with only EU industrial new orders at 09:00 GMT, though several sovereign debt auctions will take place, including short term Spanish one and longer term Italy and Netherlands from 08:00 to 09:00 GMT. Market will test Netherlands yields after recent government debacle.

 

AUD/USD has come under a new round of selling pressure on risk-off flows after soft consumer inflation data from down under, which has reinforced the case for a 25 basis point interest rate cut by the RBA at its meeting next week, and a possible 50 basis point rate cut over the next few months. The pair has pushed to a fresh 2-week low of 1.0246, down 0.7% from 1.0318 late Monday in New York.

Read More

https://support.fxcc.com/email/technical/24042012/

 

UPCOMING EVENTS

2012-04-24 07:30 GMT | Sweden Unemployment Rate (Mar)

2012-04-24 08:30 GMT | United Kingdom Public Sector Net Borrowing (Mar)

2012-04-24 09:00 GMT | Italy Wage Inflation (MoM) (Mar)

2012-04-24 09:00 GMT | Italy Wage Inflation (YoY) (Mar)

 

FOREX NEWS

2012-04-24 03:50 GMT | AUD/USD slides below 1.0250

2012-04-24 01:31 GMT | Australia 1Q Consumer Price Index (QoQ) 0.1%

2012-04-24 01:30 GMT | Australia 1Q Consumer Price Index (YoY) 1.6%

2012-04-24 00:14 GMT | China’s banks may find it harder to raise capital

 

------------------

EURUSD : 1.31561 / 1.31568

DAILY WEEKLY MONTHLY

 

 

1.3351 | 1.3287 | 1.3226 | 1.3181

1.3118 | 1.3057 | 1.3000 | 1.2957

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD fell sharply and formed a strong support level close to 1.3100. Following that the price rebounded and broke above our Friday’s support and now is moving between that level and 1.3181 level. A break above that level we suggest further rise towards 1.3226 (R2) and further rise will then focus on next target at 1.3287 (R3). On the other hand if the price manages to stay below our first resistance level of 1.3181 (R1) then we expect the price to retest 1.3118 (S1) and a break below that level then the expected target is at 1.3057 (S2).

 

---------------

GBPUSD : 1.61229 / 1.61241

DAILY WEEKLY MONTHLY

 

 

1.6291 | 1.6249 | 1.6187 | 1.6143

1.6078 | 1.6009 | 1.5963 | 1.5909

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The GBPUSD didn’t made any significant moves in yesterday’s session as it traded in a consolidation mode between the 1.6078 (S1) and 1.6143 (R1) levels. A break below 1.6078 would suggest a target at 1.6009 (S2) and further fall will then focus on 1.5963 (S3) a strong technical and psychological level. On the other hand if the price manages to stay above the first support (S1) level we expect the price to retest 1.6143 (R1) and a break above that level will concentrate our focus on 1.6187 (R2).

 

--------------

USDJPY : 80.883 / 80.887

DAILY WEEKLY MONTHLY

 

 

82.89 | 82.41 | 81.77 | 81.20

80.73 | 80.29 | 79.57 | 79.13

 

SUMMARY : Down

TREND : Down trend

MA10 : Bearish

MA20 : Bearish

STOCHASTIC : Oversold

 

 

MARKET ANALYSIS - Intraday Analysis

 

USDJPY continued to move downwards from 81.77, forming a new low above 80.73 (S1) this morning. A break below that level would suggest target at 80.29 (S2) and further fall will then focus on 79.57 (S3). Look for short positions in today’s trading session, as this is supported by the fact that both of our Moving Averages are turned bearish and are proving a strong resistance to the price. A stop loss should be placed at 81.20 (R1).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 25Apr2012

 

Daily Forex Market by FXCC 25Apr2012

 

EUR/USD around 1.3200 ahead of FOMC

 

EUR/USD keeps struggling around 1.3200 mark last at 1.3196, trading a tight range during Asian session, with highs at 1.3207, and lows at 1.3191. The pair has not moved much since yesterday's NY open, closing the gap lower with which opened Monday with yesterday's highs at 1.3220 ahead of today's FOMC at 16:30 GMT and further economic projections and press conference at 18:00-18:15 GMT. The London session ahead will also bring ECB chairman Mario Draghi testifying before European Parliament's Economic and Monetary Committee in Brussels at 07:00 GMT, German 30 year bond auction at 09:00 GMT, and UK GDP at 08:30 GMT which could have an impact on EUR/GBP.

 

USD/JPY’s overnight bounce from 80.84 has extended above the 81.50 price zone in quiet Asia-Pacific trading, having touched a session high of 81.55 as the market holds a bullish tone ahead of the BOJ meeting on Friday.

Read More

https://support.fxcc.com/email/technical/25042012/

 

UPCOMING EVENTS

2012-04-25 08:30 GMT | United KingdomGross Domestic Product (QoQ) (Q1)

2012-04-25 08:30 GMT | United KingdomGross Domestic Product (YoY) (Q1)

2012-04-25 12:30 GMT | United States Durable Goods Orders (Mar)

2012-04-25 12:30 GMT | United StatesDurable Goods Orders ex Transportation (Mar)

 

FOREX NEWS

2012-04-25 04:42 GMT | GBP/USD within 20-pip margin; UK GDP eyed

2012-04-25 04:23 GMT | EUR/USD around 1.3200 ahead of FOMC

2012-04-25 00:49 GMT | AUD/USD bracketed between 1.0310/40

2012-04-25 00:11 GMT | USD/JPY pushes up to 81.50

 

----------------

EURUSD 1.31950 / 1.31952

DAILY WEEKLY MONTHLY

 

 

1.3389 | 1.3351 | 1.3287 | 1.3226

1.3180 | 1.3118 | 1.3057 | 1.3000

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD has been moving upwards since the middle of April and the bulls face a major hurdle at the 1.3226 level (resistance), a level that is significant both, psychologically and technically. A break above 1.3226 (R1) would suggest a target at 1.3287 (R2) and further rise will then be limited to 1.3351 (R3). On the other hand if the price manages to stay below our first resistance level then we expect the price to retest 1.3180 (S1) and if a break occurs below that level the expected target is at 1.3118 (S2).

 

-----------------

GBPUSD : 1.61424 / 1.61433

DAILY WEEKLY MONTHLY

 

 

1.6291 | 1.6249 | 1.6187 | 1.6164

1.6078 | 1.6009 | 1.5963 | 1.5909

 

SUMMARY : Neutral

TREND : Sideway

MA10 : Neutra

MA20 : Neutral

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD didn’t make any significant moves in yesterday’s trading session apart from a false break out above 1.6150. Following that the price fell and trapped in a trading range between yesterday’s current support and resistance levels. Our recommendation for today’s trading session is no position until we see a clearer trend direction. No position.

 

--------------------

USDJPY : 81.371 / 81.376

DAILY WEEKLY MONTHLY

 

 

83.57 | 82.89 | 82.41 | 81.77

81.20 | 80.85 | 80.29 | 79.57

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The USDJPY moved upwards and broke above yesterday’s support level closing around to 81.60, just below our first resistance. A break above 81.77 (R1) will confirm our long positions targeting 82.41 (R2). On the other hand a break below 81.20 (S1) would suggest a target at 80.29 (S3).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 26Apr2012

 

Daily Forex Market by FXCC 26Apr2012

 

EUR/USD holds steady ahead of EZ, Germany data

 

EUR/USD has traded a very limited range in Asia between 1.3215 and 1.3232, hovering below its 3-week high after the dollar took a recent hit on USD-negative comments from the Fed, in particular, that the central bank stands ready to use additional measures (more QE) if necessary, which fueled a broad greenback selloff. In the European session ahead, the risk focus for EUR will be Euro-zone consumer confidence data along with Euro-zone economic and industrial confidence data for April, due for release at 09:00 GMT. A few hours later, at 12:30 GMT, German CPI figures are to be published, with economists anticipating a +2.0% reading in the year to April.

 

EUR/JPY extended its bounce from the 50% retracement of the 104.60/107.98 upswing in overnight trading, reaching the 107.65 price zone before closing at 107.50. So far in Asia, the pair is edging lower, on the verge of losing all of the previous day’s gains, last at 107.33.

Read More

https://support.fxcc.com/email/technical/26042012/

 

UPCOMING EVENTS

2012-04-26 08:30 GMT | United Kingdom BBA Mortgage Approvals (Mar)

2012-04-26 09:00 GMT | European Monetary Union Consumer Confidence (Apr)

2012-04-26 09:00 GMT | European Monetary Union Economic Confidence (Apr)

2012-04-26 12:30 GMT | Germany Consumer Price Index (YoY) (Apr) Preliminar

 

FOREX NEWS

2012-04-26 04:57 GMT | GBP/USD consolidating recent gains ahead of Europe

2012-04-26 04:32 GMT | Japan Feb All Industry Activity Index (MoM) improves to -0.1% vs -1%

2012-04-26 03:26 GMT | EUR/JPY correcting lower

2012-04-26 01:24 GMT | EUR/USD trading at 3-week highs

 

-------------

EURUSD 1.32246 / 1.32251

DAILY WEEKLY MONTHLY

 

 

1.3391 | 1.3341 | 1.3275 | 1.3234

1.3180 | 1.3118 | 1.3057 | 1.3000

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The EURUSD didn’t make any significant moves in yesterday’s trading session as it moved between the first support and resistance level. A break in either direction will determine the trading bias in today`s session. A break below 1.3180 will confirm our short positions targeting 1.3118 (S2) and a further fall will be limited to 1.3057 (S3). On the other hand, if the pair breaks above the first resistance level of 1.3234 (R1), we would expect the price to retest 1.3275 (R2) and a further rise will then focus at 1.3341(R3).

 

--------------

GBPUSD : 1.61712 / 1.61721

DAILY WEEKLY MONTHLY

 

 

1.6351 | 1.6292 | 1.6247 | 1.6183

1.6078 | 1.6009 | 1.5963 | 1.5909

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD made a high at 1.6183(R2) as it continued its move upwards since middle of April. A break above 1.6183 (R1) would suggest target at 1.6247 (R2) and further rise will then be limited at 1.6292 (R3). On the other hand a break below 1.6078 (S1) would suggest target at 1.6009(S2) and further fall will then be limited at 1.5963 (S3).

 

---------------

USDJPY : 81.177 / 81.183

DAILY WEEKLY MONTHLY

 

 

83.33 | 82.81 | 82.42 | 81.77

80.85 | 80.29 | 79.81 | 79.37

 

SUMMARY : Neutral

TREND : Sideway

MA10 : Neutral

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

USDJPY released a lot of volatility in yesterday’s trading session moving upwards above 81.50 and then moved downwards breaking below that level touching our support level. After that the price bounced from 81.00 level and moved upwards successfully penetrating our resistance level. It seems that the pair is gaining momentum and is moving towards 81.77. A break above that level would suggest a target at 82.42 (R2) a strong technical level. Look for long positions above 81.77 (R1) targeting 82.42 (R2).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 27Apr2012

 

Daily Forex Market by FXCC 27Apr2012

 

EUR/USD quiet around 1.3200

 

EUR/USD is currently at 1.3203, holding below yesterday's lows, previous to the S&P announcement of the Spanish sovereign debt downgrade two notches from A to BBB+. The pair fell from NY close price around 1.3240 to as low as 1.3178 on the news, recovering from there till current quotes with not much of a move since then, for the last 4 hours moving in a 20 pip range. The session ahead for London shows a moderately soft agenda in terms of EUR data related, with GfK German consumer climate and German import prices on monthly basis at 06:00 GMT, followed by French consumer spending 45 minutes later, and several Spanish minor data coming out along the European morning. Market will also pay attention to Italian bond auctions at 09:00 GMT, in order to find what resulting yields come out from the auctions.

 

The cross EUR/AUD is currently trading at 1.2717 near a double session low, down from a 3-day move lower started Tuesday at double 1.2835 highs following much worse than expected CPI numbers from Australia. It is down by -0.34% since yesterday's Asia-Pacific opening price

Read More

https://support.fxcc.com/email/technical/27042012/

 

UPCOMING EVENTS

2012-04-27 08:00 GMT | Italy Retail Sales n.s.a (YoY) (Feb)

2012-04-27 08:00 GMT | Italy Retail Sales s.a. (MoM) (Feb)

2012-04-27 09:00 GMT | Switzerland KOF Leading Indicator (Apr)

2012-04-27 09:00 GMT | Greece Producer Price Index (YoY) (Mar)

 

FOREX NEWS

2012-04-27 05:07 GMT | Japan: Construction Orders (YoY) (Mar): -0.3%

2012-04-27 04:45 GMT | GBP/USD bracketed between 1.6165/88

2012-04-27 03:47 GMT | Japan BoJ Interest Rate Decision flat at 0.1%

2012-04-27 02:30 GMT | EUR/AUD holds the decline above 1.2700

 

---------------

EURUSD : 1.31802 / 1.31807

DAILY WEEKLY MONTHLY

 

 

1.3398 | 1.3364 | 1.3313 | 1.3262

1.3171 | 1.3118 | 1.3057 | 1.3000

 

SUMMARY : Down

TREND : Down trend

MA10 : Bearish

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

EURUSD couldn’t hold in yesterday’s trading session and fell, breaking below our support level and forming a new low at 1.3171 (S1). A break below that level would suggest a target at 1.3118 (S2) and a further fall will focus attention on 1.3057 (S3) a significant technical and psychological level. On the other hand if the pair moves upwards and manages to break above 1.3262 (R1) we expect the price to retest 1.3313 (R2) and any further rise will then be limited to 1.3364.

 

---------------

GBPUSD : 1.61638 / 1.61648

DAILY WEEKLY MONTHLY

 

 

1.6347 | 1.6293 | 1.6267 | 1.6208

1.6134 | 1.6078 | 1.6009 | 1.5963

 

SUMMARY : Neutral

TREND : Sideway

MA10 : Neutral

MA20 : Bearish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The GBPUSD didn’t made any significant moves in yesterday’s session as it traded in a consolidation mode between the 1.6134 (S1) and 1.6208 (R1) levels. A break below 1.6134 would suggest a target at 1.6078 (S2) and further fall will then focus on 1.6009 (S3) a strong technical and psychological level. On the other hand if the price manages to stay above the first support (S1) level we expect the price to retest 1.6208 (R1) and a break above that level will concentrate our focus on 1.6267(R3).

 

---------------

USDJPY : 80.872 / 80.878

DAILY WEEKLY MONTHLY

 

 

82.49 | 82.13 | 81.77 | 81.43

80.48 | 80.29 | 79.47 | 79.10

 

SUMMARY : Neutral

TREND : Sideway

MA10 : Neutral

MA20 : Neutral

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

USDJPY released a lot of volatility in yesterday’s trading session moving upwards above first resistance and then moved downwards breaking below 81.00 touching our yesterday’s support level. Our recommendation for today’s trading session is no position until we get a clearer direction of the trend. No position.

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 30Apr2012

 

Daily Forex Market by FXCC 30Apr2012

 

EURUSD trapped in Trading Range

 

EUR/USD is currently at 1.3249, near the upper bound of the tiny range the pair has traded into this Monday in Asia-Pacific, with main markets Japan and China closed for Golden Week holiday. US and European share markets point for a marginal higher open, according to their futures. For the London session ahead agenda shows German retail sales at 06:00 GMT as EUR macro data related, followed by EU M3 money supply and private loans at 08:00 GMT and CPI figures at 09:00 GMT, as well as short term sovereign debt auctions from France along the European morning.

 

Despite the Bank of Japan expanded its QE program by JPY5trn to JPY70trn last Friday in Asia, an outcome in line with expectations, the measure seems to have underwhelmed the market, which continues to buy the Yen ignoring the recent aggressive monetary easing.

Read More

https://support.fxcc.com/email/technical/30042012/

 

UPCOMING EVENTS

2012-04-30 08:00 GMT | European Monetary Union M3 Money Supply (3m) (Mar)

2012-04-30 08:00 GMT | European Monetary Union M3 Money Supply (YoY) (Mar)

2012-04-30 09:00 GMT | European Monetary Union Consumer Price Index (YoY)

2012-04-30 09:00 GMT | Italy Consumer Price Index (YoY) (Apr) Preliminar

 

FOREX NEWS

2012-04-30 01:31 GMT | Australia Mar Private Sector Credit (YoY) 2.3%

2012-04-30 00:31 GMT | Australia Apr TD Securities Inflation (YoY) 1.9%

2012-04-30 00:30 GMT | Australia TD Securities Inflation (MoM) 0.3% in Apr

2012-04-30 00:30 GMT | GBP/USD quiet near 7-month highs

 

--------

EURUSD : 1.32542 / 1.32546

DAILY WEEKLY MONTHLY

 

 

1.3423 | 1.3375 | 1.3324 | 1.3269

1.3171 | 1.3118 | 1.3057 | 1.3000

 

SUMMARY : Neutral

TREND : Sideway

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Oversold

 

 

MARKET ANALYSIS - Intraday Analysis

 

The EURUSD found a strong support at 1.3171 (S1) and moved upwards breaking above our resistance levels. We expect the price to continue its move upwards as this is supported by the fact that both of our Moving Averages are bullish and are providing a strong support just above previous low. Look for long positions at 1.3269 targeting second resistance level at 1.3324 (R2).

 

--------

GBPUSD : 1.62849 / 1.62857

DAILY WEEKLY MONTHLY

 

 

1.6474 | 1.6424 | 1.6389 | 1.6345

1.6207 | 1.6134 | 1.6078 | 1.6009

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

GBPUSD gained momentum and formed higher bottoms successfully penetrating Friday's resistance levels. We expect the price to continue its upwards move targeting 1.6345 (R1) and further rise will then be limited at 1.6389 (R2).

 

--------

USDJPY : 80.124 / 80.129

DAILY WEEKLY MONTHLY

 

 

81.77 | 81.43 | 81.04 | 80.65

79.54 | 79.05 | 78.47 | 78.13

 

SUMMARY : Down

TREND : Down trend

MA10 : Bearish

MA20 : Bearish

STOCHASTIC : Oversold

 

 

MARKET ANALYSIS - Intraday Analysis

 

USDJPY fell sharply and formed a strong support level close to 80.00 level. Look for short positions at current level targeting 79.54 (S1) and further fall will then focus on next support level at 79.05 (S2). A stop loss should be placed at 80.65 (R1).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 01Mai2012

 

Daily Forex Market by FXCC 01Mai2012

 

EUR/AUD back to last week highs above 1.2800

 

EUR/AUD is shooting up after RBA cut 50pbs to 3.75% sending AUD/USD to fresh 4-day lows now around 1.0340, while EUR/USD is climbing higher now stalling below 1.3260, making the cross reaching the 1.2825 mark. The cross is higher by more than 170 pips in the week or a +1.29% increase, while more than half of that is just from the RBA just released rates. EUR/AUD is stalling ahead of past Tuesday's highs at 1.2836, printing a fresh session high at 1.2825, last at 1.2812 bids. Most countries in Europe will close today on Labor Day holiday, drying up liquidity during London session, with no EUR data related being published.

 

With Nikkei index open falling again below the 9500 key figure losing some -0.98%, USD/JPY trades at 79.87 off from session highs at 79.93, and bouncing from double intraday low at 79.75 near NY close. Most local markets are closed for holidays, and key risk event China manufacturing PMI will deliver at 01:00 GMT.

Read More

https://support.fxcc.com/email/technical/01052012/

 

 

UPCOMING EVENTS :

2012-05-01 07:00 GMT | Denmark Retail Sales (YoY) (Mar)

2012-05-01 08:30 GMT | United Kingdom Purchasing Manager Index Manufacturing (Apr)

2012-05-01 02:00 GMT | United States Construction Spending (MoM) (Mar)

2012-05-01 02:00 GMT | United States ISM Manufacturing (Apr)

 

FOREX NEWS :

2012-05-01 01:32 GMT | Australia 1Q House Price Index (YoY) -4.5%

2012-05-01 01:30 GMT | Australia House Price Index (QoQ) -1.1% in 1Q

2012-05-01 01:00 GMT | China Apr NBS Manufacturing PMI increase to 53.3

2012-05-01 00:20 GMT | USD/JPY capped below 80.00

 

--------------

EURUSD : 1.32457 / 1.32462

DAILY WEEKLY MONTHLY

 

 

1.3423 | 1.3367 | 1.3313 | 1.3269

1.3208 | 1.3156 | 1.3104 | 1.3057

 

SUMMARY : Up

TREND : Up trend

MA10 : Bullish

MA20 : Bullish

STOCHASTIC : Neutral

 

 

MARKET ANALYSIS - Intraday Analysis

 

The EURUSD formed a top on yesterday’s session at 1.3269 (R1) and then fell forming a new low at 1.3208. Now it seems it is moving away from this level to retest the resistance levels. A break above 1.3269 (R1) would suggest a target of 1.3313 (R2) and a further rise will then focus on the next target at 1.3367 (R3). On the downside, if the price breaks below the first support level of 1.3208 (S1) we can expect retesting of 1.3156 (S2). A further decline will then bring focus to the next support level at 1.3104(S3).

 

---------------

GBPUSD : 1.62263 / 1.62276

DAILY WEEKLY MONTHLY

 

 

1.6481 | 1.6413 | 1.6367 | 1.6301

1.6207 | 1.6134 | 1.6078 | 1.6009

 

SUMMARY : Up

TREND : Up trend

MA10 : Bearish

MA20 : Bearish

STOCHASTIC : Overbought

 

 

MARKET ANALYSIS - Intraday Analysis

 

After a successful run since the beginning of April, GBPUSD formed a top in yesterday’s trading session at 1.6301 (R1) and fell creating a support level near 1.6200. Yesterday the price was able to break above the same level (S1), and now is moving downwards for a correction. Our recommendation for today’s trading session is look for long position between 1.6200 and 1.6134 level. A stop loss should be placed at 1.6078 (S3).

 

--------------

USDJPY : 79.764 / 79.766

DAILY WEEKLY MONTHLY

 

 

81.43 | 81.04 | 80.65 | 80.21

79.13 | 78.57 | 78.19 | 77.57

 

SUMMARY : Down

TREND : Down trend

MA10 : Bearish

MA20 : Bearish

STOCHASTIC : Oversold

 

 

MARKET ANALYSIS - Intraday Analysis

 

USDJPY fell and penetrated successfully our support levels forming a new low at 79.70. A break below that level would suggest target at 78.57 (S2). Look for short positions targeting second support as both of our Moving Averages turned bearish. A stop loss should be placed at 80.21 (R1).

 

Source: FX Central Clearing Ltd, (http://www.fxcc.com)