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  #1  
Old 01-02-2012, 13:00
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Default Daily Forex Market by FXCC

Daily Forex Market by FXCC 01Feb2012

MARKET OVERVIEW – FEBRUARY 01 2012
EUR/USD slips to five day lows due to a flight to safety

The euro traded at $1.3090 as of 8:00 a.m. in Tokyo from $1.3084 in New York yesterday where it slid by 0.5 percent. The seventeen nation shared common currency was little changed at 99.88 yen after touching 99.55 yesterday, the lowest price seen since Jan. 23. The dollar bought 76.31 yen from 76.27. USD/JPY dipped to as low as 76.15 on Tuesday, extending its decline to a fresh 3-month low. GBP/USD rallied to a zone at circa 1.5795 on Tuesday, reaching fresh 2-month highs from an earlier low of 1.5697. The pair ended the American session at 1.5754, 0.3% above its opening price. The amount of retail FX traders who are long Euro vs the Swissy has hit record highs according to the team at Daily FX, most expect that the Swiss National Bank will defend their stated Euro/Swiss Franc exchange rate at SFr 1.2000. Over 96% of retail traders are long.

NZD/USD opened Wednesday’s Asia-Pacific session with a bid appearance after peaking and closing at its highest price in four months. The pair climbed to the 0.8300 price zone overnight, up from a low of 0.8176. NZD/USD ended the American session at 0.8259, 0.85% up on the day. The Australian dollar surrendered most of its earlier gains versus the U.S. dollar on Tuesday, retreating sharply from the 1.0680 price zone. AUD/USD ended trade in New York at 1.0618, gaining 0.20% on the day.. The USD/CAD ended Tuesday with modest gains. The pair leapt from 3-month lows at 0.9962 to 1.0051.

UPCOMING EVENTS
2012-02-01 01:00 GMT | China NBS Manufacturing PMI (Jan)
2012-02-01 07:00 GMT | UK - Nationwide Housing Prices n.s.a (YoY) (Jan)
2012-02-01 08:53 GMT | Germany Purchasing Manager Index Manufacturing (Jan)
2012-02-01 09:00 GMT | EU - Purchasing Manager Index Manufacturing (Jan)

FOREX NEWS
2012-02-01 06:25 GMT | USD/JPY investors patiently await cues from BoJ
2012-02-01 01:09 GMT | Aussie underpinned after 50.5 China Manuf PMI
2012-02-01 01:01 GMT | China Jan NBS Manufacturing PMI up to 50.5
2012-02-01 00:03 GMT | Australia Dec HIA New Home Sales (MoM) -4.9%

--------------
EURUSD 1.30373 / 1.30380
High: 1.30906 | Low: 1.30325 | Chg: -0.0044 -0.34%
SUMMARY: Up
INTRADAY TREND: Upward penetration
MA10: Bullish
MA20: Bearish
STOCHASTIC: Overbought



Resistance Levels: 1.3274 | 1.3233 | 1.3161 | 1.3090
Support Levels: 1.3050 | 1.2988 | 1.2931 | 1.2877

Intraday Analysis: EURUSD made a sharp move downwards and formed a bottom at 1.3050 (S1) a strong technical support level. It now seems that it is going to retest 1.3050 (S1). A break below that level will be suggesting target at 1.2988 (S2) as we are in a correction phase of our uptrend. On the other hand if the price manages to break above 1.3090 (R1) we will then expect the price to retest 1.3161 (R2) and then further rise will then approach towards 1.3233 (R3).

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GBPUSD 1.57329 / 1.57334
High: 1.57666 | Low: 1.57277 | Chg: -0.0027 -0.17%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral



Resistance Levels: 1.6027 | 1.5945 | 1.5860 | 1.5726
Support Levels: 1.5626 | 1.5656 | 1.5552 | 1.5515

Intraday Analysis: GBPUSD has successfully broke above yesterday resistance 1.5726 and formed a top at 1.5796 (R1) and now it seems that it is heading towards 1.5656 (S2) for a correction. Fail to break below first support level then we will expect the price to retest 1.5796 (R1) and then further rise will limit to 1.5860 (S2). Our recommendations for today’s session is short positions targeting 1.5656 (S2) with a stop loss above 1.5796 (R1).

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USDJPY 76.225 / 76.230
High: 76.308 | Low: 76.145 | Chg: -0.037 -0.05%
SUMMARY: Neutral
INTRADAY TREND: Side way
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral



Resistance Levels: 78.28 | 77.84 | 77.28 | 76.63
Support Levels: 75.54 | 75.04 | 74.58 | 74.13

Intraday Analysis: USDJPY it is moving in trading range between the levels of 76.41 and 76.14. A break above upper level we be suggesting target at 77.28 (R2). On the other hand if the price breaks below lower level 76.14 then it will confirm our short position targeting 75.54 (S1) a technical and psychological level as it is a record low since 20 Oct. 2011.

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
URL: https://support.fxcc.com/email/technical/01022012
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  #2  
Old 02-02-2012, 09:12
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Default Daily Forex Market by FXCC 02Feb2012

Daily Forex Market by FXCC 02Feb2012

MARKET OVERVIEW – FEBRUARY 02 2012
Cable puts on over 600 pips inside two weeks
The dollar was at $1.3169 per euro as of 8:13 a.m. in Tokyo from $1.3161 in New York yesterday. It slid to $1.3234 on Jan. 27, the lowest since Dec. 13. The yen dipped 0.1 percent to 100.35 per euro after losing 0.5 percent yesterday. The Japanese currency was little changed at 76.19 per dollar and within only one yen of a record high set on Oct. 31 suggesting further BOJ intervention (by selling the yen) is only a matter of time. The GB pound traded above the 1.5800 mark, levels not seen since past November 2011. After bottoming at 1.5236 past Jan 13th, the pair has seen a steady winning strike adding over 600 pips during the past 2 weeks. The Swiss Franc bounced from the low of 0.9115 on Wednesday, the lowest level seen since December 2nd and the December 27 low. The pair began to rise at this level to gain 50 pips reaching prices above 0.9150, however, in early Asian trading the pair is now back printing quotes at 0.91340.

UPCOMING EVENTS
2012-02-02 00:30 GMT | Australia Trade Balance (Dec)
2012-02-02 07:00 GMT | Switzerland Trade Balance (Dec)
2012-02-02 10:00 GMT | EU - Producer Price Index (YoY) (Dec)
2012-02-02 10:00 GMT | EU - Producer Price Index (MoM) (Dec)

FOREX NEWS
2012-02-02 05:35 GMT | EUR/USD capped by 1.3200 in Asia
2012-02-02 05:14 GMT | EUR/JPY; bullish key reversal pattern confirmed
2012-02-02 00:33 GMT | Australia Dec Trade Balance 1.71B
2012-02-02 00:32 GMT | Australia Building Permits (MoM) -1% in Dec

EURUSD 1.31752 / 1.31758
DAILY WEEKLY MONTHLY
High: 1.31965 | Low: 1.31583 | Chg: 0.0015 0.11%



Resistance Levels :1.3372 | 1.3332 | 1.3267 | 1.3234
Support Levels : 1.3133 | 1.3075 | 1.3024 | 1.2962

SUMMARY up
TREND up trend
MA10 neutral
MA20 neutral
STOCHASTIC neutral

--------------
MARKET ANALYSIS - Intraday Analysis
EURUSD made a high at 1.3218 just a few pips away from the year high and our first resistance 1.3234 (R1) as it continued its move upwards (since January 13th). Going above the nearest resistance level at 1.3234 (R1) would confirm continuation of the bullish trend, towards the next objective upwards 1.3267 (R1). And if the price holds its momentum on the upside we can expect a further rise towards 1.3332 (R3). On the other hand, if the price does not manage to break above 1.3234 (R1) then we can expect the pair to retest support at 1.3133 (S1) and a further fall will be limited to 1.3075 (S2).

GBPUSD 1.58478 / 1.58493
DAILY WEEKLY MONTHLY
High: 1.58573 | Low: 1.58256 | Chg: 0.0015 0.09%



Resistance Levels : 1.5984 | 1.5967 | 1.5924 | 1.5882
Support Levels : 1.5798 | 1.5704 | 1.5653 | 1.5551

SUMMARY up


TREND up trend
MA10 neutral
MA20 neutral
STOCHASTIC Overbought

--------------
MARKET ANALYSIS - Intraday Analysis
GBPUSD raised sharply yesterday and continued in rise from 1.5704 (S2) forming a top at 15882 (R1). If GBPUSD break above that level, we can expect target at 1.5924 (R2). Further rise will then focus on 1.5967 (R3). On the downside, decline below current support level 1.5798 (S1) will confirm our short positions towards 1.5704 (S2). Deeper fall will be probably be limited at 1.5653 (S3) support.

USDJPY 76.123 / 76.127
DAILY WEEKLY MONTHLY
High: 76.212 | Low: 76.107 | Chg: -0.087 -0.11%



Resistance Levels : 78.67 | 78.13 | 76.79 | 76.42
Support Levels : 76.01 | 75.53 | 75.03 | 74.51

SUMMARY Down
TREND sideway
MA10 bearish
MA20 Bearish
STOCHASTIC overbought

--------------
MARKET ANALYSIS - Intraday Analysis
The USDJPY still trapped in range area of 76.42 – 76.01. A break in either direction will determine the trading bias in today’s session. Break below 76.01 will confirm our short positions targeting 75.53 (S2) and further fall will be limited at 75.03 (S3). On the other hand, a break above the first resistance level 76.42 (R1) will expect t the price to retest 76.79 (R2). In a longer time frame the pair is in a downtrend and both of our Moving Averages are bearish therefore wait for a break below 76.01 (S1) and then open a short position targeting second support level. A stop loss should be placed above 76.79 (R2).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
URL: https://support.fxcc.com/email/technical/02022012
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  #3  
Old 06-02-2012, 09:36
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Default Daily Forex Market by FXCC 06Feb2012

Daily Forex Market by FXCC 06Feb2012

The euro weakened versus 13 of its 16 major counterparts

USD/JPY opened the Asian trading session on Monday morning with an upside-gap price of 76.59, up from 76.54 Friday down from the recent (4-day high) of 76.13 printed last week. The euro fell 0.2 percent to $1.3129 as of 8:15 a.m. in Tokyo from the close in New York on Feb. 3. It lost 0.3 percent to 100.50 yen. GBP/USD has traded a limited 1.5785/1.5823 range at the start of trading this Monday, last at 1.5800.

AUD/USD has been slowly declining since Tokyo opened at 00:00 GMT. Data for both retail sales and jobs ads were disappointing in Aus., retail sales fell -0.1% expected to come in positive +0.2%, newspaper job ads fell -2.6% internet job ads rose +6.4. USD/CAD. After falling around 100 pips from its intra-day high at 1.0040, the Dollar has found support versus the Canadian at the lowest level seen since October 31 at 0.9930.
Read More

UPCOMING EVENTS
2012-02-06 00:31 GMT | Australia Retail Sales s.a. (MoM) (Dec)
2012-02-06 08:00 GMT | United Kingdom Halifax House Prices (3m/YoY) (Jan)
2012-02-06 09:30 GMT | EU - Sentix Investor Confidence (Feb)
2012-02-06 11:00 GMT | Germany Factory Orders s.a. (MoM) (Dec)

FOREX NEWS
2012-02-06 05:43 GMT | GBP/USD pressured in risk-off Asia
2012-02-06 03:38 GMT | AUD/USD trades down to 1.0700
2012-02-06 00:32 GMT | Australia ANZ Job Advertisements 6% in Jan
2012-02-06 00:31 GMT | Australia Dec Retail Sales s.a. (MoM) -0.1%

--------------
EURUSD 1.30599 / 1.30605
DAILY WEEKLY MONTHLY
High: 1.31307 | Low: 1.30545 | Chg: -0.0097 -0.74%



1.3274 | 1.3241 | 1.3205 | 1.3167
1.3026 | 1.2986 | 1.2947 | 1.2909

SUMMARY : Down
TREND : down trend
MA10 : bearish
MA20 : Bearish
STOCHASTIC : overbought


MARKET ANALYSIS - Intraday Analysis

The EURUSD continued to rise from 1.3026 (S1) and reached a high yesterday at 1.3205 (R2). It seems the pair is moving downwards and it will retest the first support 1.3026 (S1) soon. A break below that level would suggest a target of 1.2986 (S2) and a further decline will then focus on the next target at 1.2947 (S3). On the upside, if the price rebounds from the first support level 1.3026 (S1) we can expect retesting of 1.3167 (R1). A further rise will then bring focus to the next resistance level at 1.3205 (R2).

--------------
GBPUSD 1.57723 / 1.57738
DAILY WEEKLY MONTHLY
High: 1.58217 | Low: 1.5765 | Chg: -0.0044 -0.28%



1.5913 | 1.5882 | 1.5860 | 1.5831
1.5749 | 1.5704 | 1.5653 | 1.5615

SUMMARY : Down
TREND : down trend
MA10 : bearish
MA20 : Bearish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

The GBPUSD is under bearish pressure as it is approaching towards a crucial support level 1.5749 (S1). The pair reached a high at 1.5882 (R3) and then fell back towards 1.5749 (S1). Further fall will test 1.5704 (S2) and decline below this level, suggesting target at 1.5653 (S3). On the other hand, if price manages to stay above 1.5749 (S1) then we expect the price to retest 1.5831 (R1) and then further rise to 1.5860 (R2). We look for short positions in today’s session with a stop loss above 1.5831 (R1).

--------------
USDJPY 76.705 / 76.708
DAILY WEEKLY MONTHLY
High: 76.802 | Low: 76.494 | Chg: 0.118 0.15%



77.97 | 77.58 | 77.29 | 76.89
76.01 | 75.54 | 75.05 | 74.69

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : overbought


MARKET ANALYSIS - Intraday Analysis

USDJPY rise sharply on Friday (70 pips) and made a top at 76.74. If it breaks above first resistance level 76.89 (R1) we can expect the price to approaches towards 77.29 (R1). Be on the alert for a correction downwards towards 76.49 and then a continuation to an upward move. Both of our Moving Averages are pointing to a bullish signal. We believe that the bullish pressure will continue.


Source: FX Central Clearing Ltd, (http://www.fxcc.com)
URL: https://support.fxcc.com/email/technical/06022012
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  #4  
Old 07-02-2012, 10:01
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Default Daily Forex Market by FXCC 07Feb2012

Daily Forex Market by FXCC 07Feb2012

Euro in limbo due to Greece stalemate..
The euro traded at $1.3122 as of 8:08 a.m. in Tokyo from $1.3130 in New York yesterday when it fell 0.2 percent. EUR/USD is trading a tight 1.3109-33 range in Tuesday’s Asia-Pacific session, last seen printing in the 1.3120 price zone, just above the 50-day EMA. The common currency was little changed at 100.47 yen after losing 0.3 percent yesterday. The dollar fetched 76.56 yen from 76.55. GBP/USD is trading in consolidation mode after rising around 100 pips during the days sessions from an intra-day low at 1.5730 to reach a daily high at 1.5840 on the back of talks on a possible Greece agreement. The pair is pricing at 1.5825, moving in a small range between 1.5820 and 1.5830. USD/CHF falls below 0.9200. The Dollar is currently trading lower versus the Swiss Franc. After testing highs at 0.9260, the USD/CHF fell sharply losing more than 90 pips to reach levels below 0.9200 and trade close to 0.9180. Price has been hitting 0.9200 in the early part of the Asian/Pacific session.

AUD/USD has been (late evening/early morning) in a consolidation range, trading between 1.0680 and 1.0763, ending the day lower at 1.0723, 25 pips below its starting price. In the Asia-Pacific session the paring is virtually unchanged, hovering circa 1.0720, as investors await the RBA interest rate decision. The Canadian currency, nicknamed the loonie, appreciated 0.9 percent to 99.34 cents per U.S. dollar yesterday in Toronto, from C$1.0018 on Jan. 27, the longest winning streak since the four weeks ended Oct. 28. The loonie touched 99.28 cents yesterday, the most since Oct. 31. One Canadian dollar buys $1.0066. At 1:00 am the price is currently 99.61 down 0.02 in the first part of the Asian/Pacific session.
Read More

UPCOMING EVENTS
2012-02-07 03:30 GMT | Australia RBA Interest Rate Decision (Feb 7)
2012-02-07 05:00 GMT | Japan Leading Economic Index (Dec) Preliminar
2012-02-07 11:00 GMT | Germany Industrial Production s.a. w.d.a. (YoY) (Dec)
2012-02-07 11:00 GMT | Germany Industrial Production s.a. (MoM) (Dec)

FOREX NEWS
2012-02-07 05:03 GMT | Japan Dec Coincident Index increase to 93.2
2012-02-07 05:02 GMT | Japan: Leading Economic Index (Dec): 94.3
2012-02-07 03:30 GMT | RBA Interest Rate Decision steadies at 4.25% in Feb 7
2012-02-07 00:01 GMT | UK - BRC Retail Sales Monitor - All (YoY) -0.3% in Jan

---------------
EURUSD 1.31137 / 1.31144
DAILY WEEKLY MONTHLY
High: 1.31366 | Low: 1.30891 | Chg: -0.0017 -0.13%



1.3247 | 1.3205 | 1.3167 | 1.3141
1.3026 | 1.2962 | 1.2909 | 1.2873

SUMMARY : up
TREND : sideway
MA10 : bullish
MA20 : bullish
STOCHASTIC :: neutral


MARKET ANALYSIS - Intraday Analysis

Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo.

---------------
GBPUSD 1.58071 / 1.58081
DAILY WEEKLY MONTHLY
High: 1.58314 | Low: 1.57962 | Chg: -0.0016 -0.1%



1.5919 | 1.5882 | 1.5860 | 1.5831
1.5729 | 1.5704 | 1.5653 | 1.5604

SUMMARY :up
TREND : up trend
MA10 : Bullish
MA20: bullish
STOCHASTIC : oversold


MARKET ANALYSIS - Intraday Analysis

Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo.

---------------
USDJPY 76.665 / 76.669
DAILY WEEKLY MONTHLY
High: 76.78 | Low: 76.517 | Chg: 0.118 0.15%



77.92 | 77.68 | 77.29 | 76.80
76.49 | 76.25 | 76.01 | 75.54

SUMMARY : up
TREND : up trend
MA10 : bullish
MA20 : bullish
STOCHASTIC : oversold


MARKET ANALYSIS - Intraday Analysis

Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo.

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
URL: https://support.fxcc.com/email/technical/07022012
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  #5  
Old 08-02-2012, 09:19
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Default Daily Forex Market by FXCC 08Feb2012

Daily Forex Market by FXCC 08Feb2012

The euro was 0.1 percent from an eight-week high..

The euro traded at $1.3252 as of 8:30 a.m. in Tokyo from $1.3261 in New York yesterday, when it climbed to as high as $1.3270, the most since Dec. 12. The shared currency was little changed at 101.80 yen after advancing 1.3 percent to 101.79 yen yesterday. The yen was at 76.80 per dollar from 76.76. GBP/USD ranged below 1.5900, the British pound hit a fresh 3-month high versus the greenback, peaking at 1.5903 from an earlier low of 1.5786 before experiencing a slight pullback to end the American session at 1.5894, up circa 0.47% on the day. EUR/CHF rose more than 40 pips throughout Tuesday and hit its highest rate since Jan 25 at 1.2100 before retreating. Interim head of the SNB, Thomas Jordan, confirmed Tuesday that the SNB is determined to maintain the minimum exchange rate at circa 1.20.
Read More

UPCOMING EVENTS
2012-02-08 05:01 GMT Japan Eco Watchers Survey: Current (Jan)
2012-02-08 05:01 GMT Japan Eco Watchers Survey: Outlook (Jan)
2012-02-08 06:45 GMT Switzerland Unemployment Rate n.s.a (MoM) (Jan)
2012-02-08 07:00 GMT GermanyTrade Balance s.a. (Dec)

FOREX NEWS
2012-02-08 06:32 GMT EUR/USD breaks higher ahead of London
2012-02-08 05:10 GMT Japan Jan Eco Watchers Survey: Outlook 47.1
2012-02-08 00:01 GMT United Kingdom Jan BRC Shop Price Index (MoM) 1.4%
2012-02-08 00:00 GMT Japan Trade Balance - BOP Basis Ą-145.8B in Dec

--------------------
EURUSD 1.32725 / 1.32729
DAILY WEEKLY MONTHLY
High: 1.32866 | Low: 1.32414 | Chg: 0.0013 0.09%



1.3398 | 1.3371 | 1.3340 | 1.3313
1.3205 | 1.3096 | 1.3026 1.2979

SUMMARY : up
TREND : up trend
MA10 : bullish
MA20 : bullish
STOCHASTIC : overbought


MARKET ANALYSIS - Intraday Analysis

EURUSD has successfully broken above yesterday's resistance of 1.3141 and took out our 2 targets that were set below 1.3205. The price broke above that level and this is a valid breakout of the trading range (H4). Traders that held their positions as per yesterday’s analysis, saw gains of +150. The price now seems to be heading towards 1.3313 (R1). If the pair fails to reach that level we can expect the price to retest 1.3241 and then to continue its upward move as we are in a clear uptrend in the intraday timeframe since the beginning of February. Look for long positions as the momentum is upwards.

---------------
GBPUSD 1.59098 / 1.59106
DAILY WEEKLY MONTHLY
High: 1.59179 | Low: 1.58859 | Chg: 0.0017 0.11%



1.6137 | 1.6014 | 1.5987 | 1.5940
1.5860 | 1.5831 | 1.5788 | 1.5729

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : overbought


MARKET ANALYSIS - Intraday Analysis

GBPUSD saw a sharp rise yesterday and broke above 1.5882, the second target in yesterday’s analysis (+80) and continued to rise from 1.5788 (S3) forming a top at 1.5900 . If the GBPUSD holds above that level we can expect a target at 1.5940 (R1). A further rise will then focus on 1.5987 (R3). On the other hand, if the price does not manage to hold above 1.5884 we can expect the price to move downwards and retest the first support level at 1.5860 (S1) a technical and psychological level for the bulls. We believe the upward momentum will continue.

---------------
USDJPY 77.082 / 77.087
DAILY WEEKLY MONTHLY
High: 77.155 | Low: 76.739 | Chg: 0.325 0.42%



78.32 | 77.92 | 77.68 | 77.15
76.49 | 76.25 | 76.01 | 75.54

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY gained momentum yesterday and made a top at 77.15 (S1) penetrating all of our resistance levels. A break above 77.15 (R1), our first resistance level, will give us a proper confirmation for long positions targeting 77.92 (R3). On the downside, if the price rebounds from the current resistance level we can expect retesting at 76.49 (S1). A further fall will then bring focus to the next support level at 76.25 (S2) and 76.01 (S3) a technical and psychological level.

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
URL: https://support.fxcc.com/email/technical/08022012
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  #6  
Old 09-02-2012, 10:54
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Default Daily Forex Market by FXCC 09Feb2012

Daily Forex Market by FXCC 09Feb2012

Australia’s dollar reached C$1.0784 on Wednesday, its highest level versus the loonie since May 1997.

The euro fell 0.1 percent to $1.3245 as of 8:30 a.m. in Tokyo from the close in New York yesterday. The European currency declined 0.1 percent to 102.03 yen. The dollar was unchanged at 77.04 yen. The pound was little changed at $1.5811 after losing 0.5 percent yesterday. USD/CHF has been consolidating since a sell off around the 0.9100 area on Tuesday, trading a limited range between 0.9104 and 0.9148 overnight and then through Wednesday before ending the trading session in New York virtually unchanged, at 0.9120.
Read More

UPCOMING EVENTS
2012-02-09 01:30 GMT China Consumer Price Index (YoY) (Jan)
2012-02-09 12:00 GMT United Kingdom BoE Interest Rate Decision (Feb 9)
2012-02-09 12:00 GMT United Kingdom BoE Asset Purchase Facility (Feb)
2012-02-09 12:45 GMT EU - ECB Interest Rate Decision (Feb 9)

FOREX NEWS
2012-02-09 05:02 GMT | Japan: Consumer Confidence Index (Jan): 40
2012-02-09 01:04 GMT | China PPI (YoY) improves to 2.7% in Jan from 1.7%
2012-02-09 01:04 GMT | China Jan Consumer Price Index (YoY) rises to 4.2%
2012-02-09 00:34 GMT | AUD/JPY gently offered; off 4-month highs

--------------
EURUSD 1.32997 / 1.33004
DAILY WEEKLY MONTHLY
High: 1.33124 | Low: 1.32149 | Chg: 0.0039 0.29%



Resistance Levels: 1.3431 | 1.3398 | 1.3375 | 1.3340
Support Levels : 1.3205 | 1.3162 | 1.3096 | 1.3026

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD managed to stay above 1.3242 after the breakout and now it seems that is moving upwards with a strong bullish momentum. The next upward target is set at 1.3340 (R1) and will then focus on 1.3375 (R2). Look for long positions in today’s trading session as we expect the EURUSD to continue its uptrend move.

---------------
GBPUSD 1.58376 / 1.58388
DAILY WEEKLY MONTHLY
High: 1.58476 | Low: 1.57926 | Chg: 0.0022 0.14%



Resistance Levels: 1.5989 | 1.5964 | 1.5929 | 1.5869
Support Levels : 1.5788 | 1.5729 | 1.5704 | 1.5655

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD found a strong support at 1.5788 (S1) level and now the pair seems to be heading towards level 1.5869 (R1) for a retest. A break above that level would suggest a target of 1.5929 (R2) record high since October 2011 and a further rise will then focus on the next target at 1.5964 (R3) a technical and psychological level. Look for long positions as both of our Moving Averages turned bullish.

----------------
USDJPY 77.196 / 77.198
DAILY WEEKLY MONTHLY
High: 77.233 | Low: 77.004 | Chg: 0.166 0.22%



Resistance Levels : 78.71 | 78.39 | 77.93 | 77.56
Support Levels : 76.83 | 76.49 | 76.25 | 76.01

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : overbought


MARKET ANALYSIS - Intraday Analysis

USDJPY gained momentum and formed higher bottoms and now is moving towards 77.56 (R1) a technical and psychological resistance level for the bullish. A break above that level, can expect the price to retest 77.93 (R2). On the downside, decline below 76.83 will confirm our short positions towards 76.25 (S3) and then 76.01 (S4).


Source: FX Central Clearing Ltd, (http://www.fxcc.com)
URL: https://support.fxcc.com/email/technical/09022012
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  #7  
Old 10-02-2012, 09:39
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Default Daily Forex Market by FXCC 10Feb2012

Daily Forex Market by FXCC 10Feb2012

The 17-nation euro heads for its biggest 5 day advance versus the yen in over 17 weeks.

The euro was at $1.3276 as of 9:40 a.m. in Tokyo from $1.3286 in New York yesterday, when it reached $1.3322, the highest level since Dec. 12. It fetched 103.14 yen from 103.19. It climbed to as high as 103.29 yen yesterday, the strongest level since Dec. 12. Japan’s currency was little changed at 77.70 per dollar after earlier sliding to as low as 77.75, the weakest level since Jan. 26. The so-called Aussie lost 0.3 percent to $1.0754 and retreated 0.2 percent to 83.57 yen. The euro is set to rise 0.9 percent against the dollar this week. The shared currency is poised for a 2.4 percent gain versus the yen, the biggest since the week through Oct. 14. The GBP/USD upwards movement from 1.5790 was capped at 1.5882 with the pair falling around 65 pips to arrest at a support level at 1.5815.

UPCOMING EVENTS
2012-02-10 07:00 GMT | Germany Consumer Price Index (YoY) (Jan)
2012-02-10 08:15 GMT | Switzerland Consumer Price Index (MoM) (Jan)
2012-02-10 08:15 GMT | Switzerland Consumer Price Index (YoY) (Jan)
2012-02-10 09:30 GMT | UK - Producer Price Index - Input (YoY) n.s.a (Jan)

FOREX NEWS
2012-02-10 05:36 GMT | GBP/USD under pressure ahead of Europe
2012-02-10 04:16 GMT | Aussie weaker vs. majors
2012-02-10 03:05 GMT | China Jan Trade Balance increase to 27.3B
2012-02-10 00:19 GMT | EUR/CAD hits resistance ahead of 1.3250

EURUSD 1.32455 / 1.32458
DAILY WEEKLY MONTHLY
High: 1.32907 | Low: 1.3245 | Chg: -0.0038 -0.28%



Resistance Levels :1.3432 | 1.3395 | 1.3367 | 1.3322
Support Levels : 1.3215 | 1.3167 | 1.3096 | 1.3055

SUMMARY : up
TREND : up trend
MA10 : bearish
MA20 : Bearish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

The EURUSD continued to rise from 1.3215 (S1) and reached a high yesterday at 1.3322 (R1). It seems the pair will re-test a high soon. If the price will have enough momentum we can expect a rise towards 1.3322 (R1) and then a focus on 1.3367 (R2), a strong technical and psychological level. Our recommendation for today’s trading session is no position as we do not have a clear trend direction.

-
GBPUSD 1.57729 / 1.57734
DAILY WEEKLY MONTHLY
High: 1.5819 | Low: 1.57669 | Chg: -0.0041 -0.26%



Resistance Levels :1.6023 | 1.5977 | 1.5929 | 1.5885
Support Levels : 1.5723 | 1.5677 | 1.5612 | 1.5578

SUMMARY : neutral
TREND : sideway
MA10 : bearish
MA20 : Bearish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD fell yesterday and was supported close to 1.5723 (S1). It seems it will be retesting that level again. A break below that level will trap the pair in a trading range. We remain flat for today’s trading session until we see a break-out upwards or downwards. No position.

-
USDJPY 77.661 / 77.666
DAILY WEEKLY MONTHLY
High: 77.75 | Low: 77.519 | Chg: 0.019 0.02%



Resistance Levels : 79.26 | 78.89 | 78.28 | 77.76
Support Levels : 77.19 | 76.83 | 76.22 | 75.78

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY rose yesterday and formed a top at 77.76 (R1). A break above that level will then focus attention on 78.28 (R2) a technical level for a trend reversal. If we switch our timeframe to H4 we can see the price is approaching the record high for the year of 77.28 and a break above that level, brings the possibility for a break out and trend reversal for an uptrend. We remain at no positions at the moment until we see a break out upwards or if the above scenario fails then obviously we are still trapped in a trading range. No position.

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
URL: https://support.fxcc.com/email/technical/10022012
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  #8  
Old 13-02-2012, 09:48
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Default Daily Forex Market by FXCC 13Feb2012

Daily Forex Market by FXCC 13Feb2012

EUR/USD spikes as Greek Parliament began counting 'austerity deal' votes
The euro rose 0.3 percent to $1.3239 as of 8:00 a.m. in Tokyo from last week's close in New York. The shared common currency gained 0.4 percent to 102.81 yen. The dollar fetched 77.66 yen from 77.61. USD/JPY opened the Asian session with a downside gap open of 77.54 on Monday, but then climbed to an early high of 77.66, recovering the early gap and Friday’s modest losses. EURUSD spiked over 40/45 pips as retail platforms opened, short covering squeeze then intensified. EUR/USD had opened the Asian session just above 1.3200, up from 1.3171 late Friday, the paring is edging higher into the 1.3230 area, resistance at 1.3258 (Nov low), support at 1.3197 (Dec high).
Read More

2012-02-13 00:30 GMT | Australia Home Loans (Dec)
2012-02-13 07:00 GMT | Germany Wholesale Price Index (MoM) (Jan)
2012-02-13 07:00 GMT | Germany Wholesale Price Index (YoY) (Jan)
2012-02-13 08:15 GMT | Switzerland Producer and Import Prices (MoM) (Jan)


2012-02-13 05:59 GMT | USD/JPY rangebound around 77.60 ahead of Europe
2012-02-13 03:54 GMT | GBP/USD still bid amid CBI outlook
2012-02-13 01:07 GMT | EUR/USD retreats after run to 1.3260
2012-02-13 00:30 GMT | Australia Home Loans 2.3% in Dec

--------------
EURUSD : 1.32728 / 1.32731
DAILY WEEKLY MONTHLY
High: 1.3276 | Low: 1.31987 | Chg: 0.0077 0.58%



1.3394 | 1.3367 | 1.3322 | 1.3285
1.3206 | 1.3153 | 1.3096 | 1.3026

SUMMARY : up
TREND up : trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : overbought


MARKET ANALYSIS - Intraday Analysis

The EURUSD fell and formed a bottom at 1.3153 (S2) after which the price rebounded and was able to break above Friday’s support at 1.3206 and it seems it will soon re-test a high at 1.3322. A break above the first resistance level of 1.3285 (R1) would suggest a target of 1.3322 (R2). If the price holds its momentum on the upside we can expect a further rise towards 1.3367 (R3). On the other hand, if the price does not manage to break above 1.3222 (R2) we can expect the pair to retest support at 1.3153 (S2) and a further fall will be limited to 1.3096 (S3).

--------------
GBPUSD : 1.58145 / 1.58157
DAILY WEEKLY MONTHLY
High: 1.58168 | Low: 1.57581 | Chg: 0.0062 0.39%



1.5961 | 1.5929 | 1.5885 | 1.5848
1.5757 | 1.5729 | 1.5700 | 1.5665

SUMMARY : Down
TREND down : trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD is forming lower tops, as it fell for 3 consecutive days after forming a high at 1.5929 (R3), and formed a strong support level at 1.5729 (S2). Following that we saw a correction towards 1.5799 and it seems the pair will re-test our support levels soon. A break below 1.5757 (S1) would suggest a target of 1.5729 (S2) and a further fall will then focus on the next target at 1.5700 (S3) a technical and psychological level. On the upside, if the price rebounds from the first support level we can expect retesting at 1.5848 (S2). A further rise will then bring focus to the next resistance level at 1.5885 (R2).

-------------
USDJPY : 77.688 / 77.691
DAILY WEEKLY MONTHLY
High: 77.779 | Low: 77.532 | Chg: 0.066 0.09%



78.98 | 78.67 | 78.28 | 77.80
77.25 | 76.83 | 76.49 | 76.25

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : neutral
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY gained momentum and formed higher bottoms and is now moving towards 77.80 (R1) a technical and psychological resistance level for the bulls. If the pair breaks above that level, can expect the price to retest 78.28 (R2). Be on the alert for a correction downwards towards 77.25 (S1) and then a continuation to an upward move. We believe that the bullish pressure will continue. Look for long positions in today's trading session.

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
URL: https://support.fxcc.com/email/technical/13022012
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  #9  
Old 15-02-2012, 08:24
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Join Date: Aug 2011
Posts: 603
Default Daily Forex Market by FXCC 14Feb2012

Daily Forex Market by FXCC 14Feb2012

Yen Drops to Three-Month Low as Bank of Japan Boosts Stimulus..
Major currency pair and cross currency pair analysis: The euro traded at $1.3127 as of 8:30 a.m. in Tokyo from $1.3134 in New York yesterday, when it fell to as low as $1.3080, the weakest since Feb. 6. The common currency fetched 102.99 yen from 103.02. The dollar bought 78.46 yen from 78.44 yesterday, when it rose 1.1 percent. The euro has lost 4.8 percent in the past six months, the second-worst performance after the Swiss franc among the 10 developed-nation currencies tracked by Bloomberg Correlation-Weighted Indexes. The dollar gained 5.5 percent, and the yen rose 1.3 percent. The pound has declined 1.6 percent this year according to Bloomberg Correlation-Weighted Indexes, which track 10 developed-nation currencies. Over the past 12 months it has weakened 4.5 percent. The pound depreciated 0.6 percent to $1.5676 at 4:00 p.m. London time after falling as much as 0.7 percent, the most since Jan. 11. The currency has dropped 1.4 percent in the past week. Sterling declined 0.2 percent to 83.82 pence per euro. At midnight GMT cable was priced at 1.5689.
Read More

UPCOMING EVENTS
2012-02-15 09:30 GMT | UK - Claimant Count Change
2012-02-15 09:30 GMT | UK - Unemployment Rate
2012-02-15 10:30 GMT | UK - BOE Gov King Speaks
2012-02-15 10:30 GMT | UK - BOE Inflation Report

FOREX NEWS
2012-02-15 05:18 GMT | EUR/USD above 1.3150 in Asia
2012-02-15 04:58 GMT | AUD/USD stalls ahead of 1.0750
2012-02-15 01:29 GMT | GBP/JPY rally extends in Asia
2012-02-15 00:31 GMT | Australia Jan New Motor Vehicle Sales (MoM) 1.3%

--------------
EURUSD : 1.31790 / 1.31793
DAILY WEEKLY MONTHLY
High: 1.31906 | Low: 1.31086 | Chg: 0.005 0.38%



1.3379 | 1.3325 | 1.3285 | 1.3217
1.3112 | 1.3080 | 1.3026 | 1.2977

SUMMARY : Down
TREND : down trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

EUR/USD recovers after hitting 1.3080 (S2) but it’s kept below 1.3217 (R1) minor resistance and it seems after the correction upwards that it will soon retest our first support level 1.3112 (S1). A break above the first resistance level of 1.3212 (R1) would suggest a retest of 1.3385 (R2). On the other hand, a break below 1.3112 (S1) could trigger further bearish pressure targeting 1.3080 (S2) and a further fall will then focus on the next target at 1.3026 (S3).

-------------
GBPUSD : 1.57283 / 1.57291
DAILY WEEKLY MONTHLY
High: 1.57359 | Low: 1.56745 | Chg: 0.0036 0.23%



1.5923 | 1.5877 | 1.5828 | 1.5771
1.5676 | 1.5643 | 1.5604 | 1.5567

SUMMARY : Down
TREND : down trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD raised sharply yesterday and formed another correction upwards (intraday) above 1.5676 (S1) and continued in rise from 1.5643 (S2). If GBPUSD holds above first suppot level we can expect target at 1.5771 (R1). Further rise will then focus on 1.5828 (R3). On the other hand, if the price does not manage to hold above 1.5676 we can expect the price to move downwards and retest the second support level at 1.5643 (S1) a technical and psychological level for the bulls.

-----------------
USDJPY : 78.455 / 78.460
DAILY WEEKLY MONTHLY
High: 78.66 | Low: 78.355 | Chg: 0.018 0.02%



80.29 | 79.85 | 79.30 | 78.66
77.80 | 77.33 | 76.78 | 76.23

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

The USDJPY moved upwards and formed atop at 78.66 (R1) and now it is moving towards 78.80 (S1) for a correction. If the price breaks above 78.66 level we will suggest further rise towards 79.30 (R2) and then 79.85 (R3). The pair is moving upwards since beginning of February 2012 and both of our moving averages 10 and 20 are pointed bullish. Our recommendation for today’s session is long positions at current price with a stop loss below 77.80 (S1).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
URL: https://support.fxcc.com/email/technical/14022012
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  #10  
Old 16-02-2012, 08:09
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Posts: 603
Default Daily Forex Market by FXCC 16Feb2012

Daily Forex Market by FXCC 16Feb2012

Aussie enjoys 50 pip spike versus greenback on excellent employment data.
The seventeen nation shared currency lost 0.1 percent to $1.3059 as of 8:00 a.m. in Tokyo from yesterday in New York, when it slid to $1.3044, the lowest level witnessed since Feb. 6. The euro dropped 0.1 percent to 102.39 yen. The dollar fell 0.1 percent to 78.39 yen. The Aussie declined 0.1 percent to $1.0689 and retreated 0.1 percent to 83.79 yen. GBP/JPY traded in range between 122.59 and 123.50 on Wednesday, ending trade in NY at 123.06, just a few pips above its starting price.
Read More

UPCOMING EVENTS
2012-02-16 03:55 GMT | Australia Employment Change s.a. (Jan)
2012-02-16 03:55 GMT | Pellentesque habitant morbi tristique senectus
2012-02-16 03:55 GMT | Pellentesque habitant morbi tristique senectus
2012-02-16 03:55 GMT | Australia Employment Change s.a. (Jan)

FOREX NEWS
2012-02-16 03:55 GMT | AUD/JPY slumps after early gains
2012-02-16 01:13 GMT | EUR/USD edging lower on Greek anxiety
2012-02-16 00:34 GMT | Australia Jan Employment Change s.a. -46.3K
2012-02-16 00:31 GMT | Australia Jan Unemployment Rate s.a. 5.1%

---------------
EURUSD : 1.30121 / 1.30127
DAILY WEEKLY MONTHLY
High: 1.30656 | Low: 1.2994 | Chg: -0.0054 -0.41%



1.3285 | 1.3217 | 1.3153 | 1.3080
1.3006 | 1.2956 | 1.2904 | 1.2867

SUMMARY : Down
TREND : down trend
MA10 : bearish
MA20 : Bearish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

The EURUSD fell and formed a bottom at 1.3006 (Fibo-38.2% level) a level that has been retested 3 times in the past. If the price manages to hold above 1.3006 (S1) we can expect retest of 1.3080 (R1) and further rise will then focus at 1.3153 (R2). Look for long positions in today’s trading session with a stop loss below 1.2956 (S2).

----------------
GBPUSD : 1.56744 / 1.56751
DAILY WEEKLY MONTHLY
High: 1.56973 | Low: 1.56596 | Chg: -0.0018 -0.12%



1.5877 | 1.5828 | 1.5771 | 1.5723
1.5643 | 1.5594 | 1.5567 | 1.5543

SUMMARY : Down
TREND : down trend
MA10 : bearish
MA20 : Bearish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

GBPUSD fell sharply yesterday and made a bottom at 1.5643 (S1). If it breaks below that level we can expect the price to retest 1.5594 (S2), a significant strong support level. Be on the alert for a correction upwards towards 1.5723 (R1) and then a continuation to a downward move. Both of our Moving Averages are pointing to a bearish signal. We believe that the bearish pressure will continue.

-------------
USDJPY : 78.470 / 78.473
DAILY WEEKLY MONTHLY
High: 78.52 | Low: 78.36 | Chg: 0.046 0.06%



80.00 | 79.67 | 79.09 | 78.66
77.80 | 77.34 | 76.78 | 76.43

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

USDJPY after price formed top at 78.66 (R1), price continued in sideways move between 78.16 support and resistance at 78.66. Right now it seems USD is gaining momentum and we can expect probably the price will be targeting at second resistance at 79.09 (R2). Further rise above this level will then focus on 79.67 (R3) resistance and if USD holds its momentum, rise might be limited at 80.00 (R4) resistance.

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
URL: https://support.fxcc.com/email/technical/16022012
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  #11  
Old 17-02-2012, 08:44
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Default Daily Forex Market by FXCC 17Feb2012

Daily Forex Market by FXCC 17Feb2012

USD/CHF plunges due to Fed’s Ben Bernanke speech..
The euro rose 0.5 percent to $1.3130 at 5 p.m. in New York after sliding to $1.2974, the lowest level witnessed since Jan. 25. The shared seventeen nation common currency rose 1.1 percent to 103.65 yen after touching 103.84 yen, the highest level since Dec. 12. The dollar appreciated 0.7 percent to 78.95 yen after hitting 78.97 yen, the strongest level since Nov. 1 reaching 78.95 from an earlier session low of 78.34 before ending trade in NY at 78.92, 50 pips above its daily starting price. From key resistance at 0.9300, the USD/CHF plunged on the improved sentiment and is now around 0.9250. Sterling rose 0.2 percent to 83.13 pence per euro and gained 0.7 percent to $1.5800.
Read More

UPCOMING EVENTS
2012-02-17 07:00 GMT | Germany Producer Price Index (MoM) (Jan)
2012-02-17 07:00 GMT | Germany Producer Price Index (YoY) (Jan)
2012-02-17 08:55 GMT | Germany Purchasing Manager Index Services (Feb) Preliminar
2012-02-17 08:58 GMT | EU - Purchasing Manager Index Services (Feb) Preliminar

FOREX NEWS
2012-02-17 07:08 GMT | Germany: PPI grows more than expected in January
2012-02-17 07:02 GMT | Germany: PPI (MoM) grows 0.6% in Jan; (YoY) increases 3.4%
2012-02-17 02:06 GMT | USD weakens on healthy appetite for risk
2012-02-17 00:10 GMT | BoJ Minutes: Caution over Europe remains necessary

---------------
EURUSD : 1.31423 / 1.31432
DAILY WEEKLY MONTHLY



1.3322 | 1.3284 | 1.3216 | 1.3159
1.3080 | 1.2973 | 1.2904 | 1.2865

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD has reached a significant support level at 1.2973 (S2) it bounced from that level and rose subsequently to form a high at 1.3159 (R1). A break above that level would suggest a target of 1.3216 (R2) and a further rise will then focus on the next target at 1.3284 (R3). On the downside, if the price does manage to stay below current resistance level1.1.3159 (R1) we can expect retesting of 1.3080 (S1). A further decline will then bring focus to the next support level at 1.2973 (S2) a strong technical support level. We expect the price to retest first resistance level and then to move upwards targeting first and second resistance level. Look for long positions in today trading session with a stop los below 1.2973 (S2).

--------------
GBPUSD : 1.58056 / 1.58073
DAILY WEEKLY MONTHLY



1.5928 | 1.5885 | 1.5848 | 1.5827
1.5770 | 1.5735 | 1.5654 | 1.5613

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD rose sharply yesterday from 1.5654 (S3) and made a top at 1.5815. If it breaks above that level we can expect the price to retest 1.5885 (R3), a significant strong support level. Be on the alert for a correction downwards towards 1.1.5735 (S2) and then a continuation to an upward move. Both of our Moving Averages are pointing to a bullish signal. We believe that the bullish pressure will continue. Look for long positions around 1.5735 (S2) with a stop loss below 1.5654 (S3).

--------------
USDJPY : 79.108 / 79.116
DAILY WEEKLY MONTHLY



82.20 | 81.43 | 80.13 | 79.74
78.19 | 77.36 | 76.53 | 76.02

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY is forming higher bottoms and we are in a clear uptrend move, as it rises for 2 consecutive weeks penetrating successfully yesterday’s resistance level 78.63. Both of our moving averages are giving a strong support to the pair in its uptrend move and are both bullish. Look for long positions targeting 79.74 (R1) a significant technical and psychological level for the bears. A stop loss should be placed below 78.60.

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
URL: https://support.fxcc.com/email/technical/17022012
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  #12  
Old 20-02-2012, 09:20
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Default Daily Forex Market by FXCC 20Feb2012

Daily Forex Market by FXCC 20Feb2012

USD/JPY has rallied above the October 31st post-intervention high as Japan posts record trade deficit

USD/JPY has rallied above the October 31st post-intervention high of 79.52 in early Asia, extending to a 6-month high of 79.82 after closing the Friday NY session at 79.48, last quoted at 79.70. The seventeen nation shared common currency has jumped to as high as 1.3176 at the weekly opening from 1.3155 late Friday in NY, market sentiment is ‘risk-on’ lifting EUR/USD to a fresh 4-day high of 1.3200 ahead of resistance at 1.3213. GBP/USD broke above resistance (circa 1.5860) to reach a fresh 7-day high of 1.5876 in the early Asia session on Monday, up circa 40 pips above the end of trading late Friday in New York
Read More

UPCOMING EVENTS
2012-02-20 00:01 GMT | United Kingdom Rightmove House Price Index (YoY) (Feb)
2012-02-20 05:00 GMT | Japan Leading Economic Index (Dec)
2012-02-20 07:00 GMT | Greece Current Account (YoY) (Dec)
2012-02-20 09:00 GMT | Italy Industiral Sales n.s.a. (YoY) (Dec)

FOREX NEWS
2012-02-20 05:21 GMT | Japan Dec Coincident Index up to 93.6
2012-02-20 05:20 GMT | Japan Dec Leading Economic Index up to 94
2012-02-20 00:23 GMT | USD/JPY capped below 79.90
2012-02-20 00:04 GMT | UK - Rightmove House Price Index (MoM) 4.1% in Feb

--------------
EURUSD : 1.32089 / 1.32098
DAILY WEEKLY MONTHLY



1.3375 | 1.3322 | 1.3284 | 1.3237
1.3139 | 1.3080 | 1.3020 | 1.2973

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

After the pair formed a bottom at 1.2973 (S4) – Fibonacci 50% (daily chart), the EURUSD was able to break above yesterday’s resistance at 1.3139 (S1) and we now expect the price to find a strong resistance around 1.3300 – February high. A break above the first resistance level of 1.3237 (R1) would suggest a target of 1.3284 (R2). On the other hand if the price fails to break above 1.3237 (R1), we can expect the pair to retest 1.3139 (S1). We should expect a correction downwards towards 1.3139 (S1) and then a continuation of the uptrend.

----------------
GBPUSD : 1.58653 / 1.58671
DAILY WEEKLY MONTHLY



1.5993 | 1.5968 | 1.5928 | 1.5885
1.5815 | 1.5786 | 1.5735 | 1.5654

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The GBPUSD continued to rise from 1.5654 (S4) and reached a high yesterday at 1.5885 (R1). It seems the pair is heading for a correction and it will retest the first support level of 1.5815 (S1). A break below that level would suggest a target of 1.5786 (S2) and a further decline will then focus on the next target at 1.5735 (S3). On the upside, if the price rebounds from the first support level 1.5815 (S1) we can expect retesting of 1.5885 (R1). A further rise will then bring focus to the next resistance level at 1.5928 (R2) a strong technical resistance level – year high.

--------------
USDJPY : 79.527 / 79.541
DAILY WEEKLY MONTHLY



80.93 | 80.67 | 80.23 | 79.87
78.97 | 78.19 | 77.36 | 76.53

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The USDJPY continued to rise from 76.02 (S4) and reached a high on Friday at 79.87 (R1) a strong resistance level as it has been retested 3 times in the past (March, April, June 2011). If the bulls do not overcome that level then we expect the price to move downwards for a correction and then to continue its upwards move. A break below first support level would suggest a target of 78.19 (S2) and a further decline will then focus on the next target at 76.53 (S3). On the upside, if the price rebounds from the second support level 78.19 (S2) we can expect retesting of 79.87 (R1).Sustained rise will be then indicating second objective at 80.23 (R2) resistance level.

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
URL: https://support.fxcc.com/email/technical/20022012
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  #13  
Old 21-02-2012, 09:37
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Default Daily Forex Market by FXCC 21Feb2012

Daily Forex Market by FXCC 21Feb2012

USD/JPY eyeing the critical psychological level of 80.00

The yen advanced 0.4 percent versus Europe’s common currency to 105.09 as of 9:00 a.m. in Tokyo. The dollar climbed 0.3 percent to $1.3206 per euro. The U.S. currency was little changed at 79.58 yen. USD/JPY could be in consolidation mode just below the 79.90 zone, which is the recent 6-month high recorded during Monday’s Asian session. EUR/JPY was weaker at the start of trading on Tuesday. Last seen quoting at 105.20 from 105.42 late Monday in NY. GBP/USD is weak in early Asia as the greenback is well bid across the board as risk aversion begins to take hold. The Pound has slid to a session low of 1.5820.

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UPCOMING EVENTS
2012-02-21 00:30 | GMT Australia RBA Meeting's Minutes
2012-02-21 02:30 | GMT Australia RBA's Governor Glenn Stevens Speech
2012-02-21 04:30 | GMT Japan All Industry Activity Index (MoM) (Dec)
2012-02-21 07:00 | GMT Switzerland Trade Balance (Jan)

FOREX NEWS
2012-02-21 04:32 | GMT Japan: All Industry Activity Index (MoM) (Dec): 1.3%
2011-08-10 11:14 | GMT EZ FinMin reach deal on Greece
2012-02-21 02:56 | GMT NZ: Inflation expectations slide to 2.5% in Q1; 0.5% rise expected in Q2
2012-02-21 00:22 | GMT EUR/JPY in bearish mode on general euro weakness

--------
EURUSD : 1.32813 / 1.32821
DAILY WEEKLY MONTHLY



1.3424 | 1.3375 | 1.3322 | 1.3291
1.3182 | 1.3139 | 1.3080 | 1.3020

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD made a sharp move upwards and confirmed our recommendations for long positions hitting successfully the first resistance level at 1.3291 (R1) .We except the price to continue its upward move as it is under bullish pressure at the moment and it seems to be heading towards 1.3322 (R2) a strong technical resistance. A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 1.3291 (R1). If the price fails to break above first level then it will probably move towards the first support level 1.3182 (S1) for a retest and then to continue its upwards move.

-----------
GBPUSD : 1.58560 / 1.58581
DAILY WEEKLY MONTHLY



1.5993 | 1.5968 | 1.5928 | 1.5879
1.5808 | 1.5782 | 1.5735 | 1.5654

SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

GBPUSD fell yesterday from 1.5879 (R1) and made a bottom at 1.5808 (S1). If it breaks below that level we can expect the price to retest 1.5782 (S2), a significant strong support level. A further decline will then bring focus to the next support level at 1.5735 (S3). We expect the price to retest and break below first support level targeting 1.5782 (S2) and then 1.5735 (S3). Look for short positions in today's trading session with a stop loss above 1.5879 (R1).

------------
USDJPY : 79.785 / 79.797
DAILY WEEKLY MONTHLY



80.93 | 80.67 | 80.23 | 79.87
78.97 | 78.64 | 78.19 | 77.36

SUMMARY : Up
TREND Up : trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY formed a high at 79.87 (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 weekly 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 USDJPY. A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 79.87 (R1). A stop loss should be placed below 79.28 (above S1).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
URL: https://support.fxcc.com/email/technical/21022012
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  #14  
Old 22-02-2012, 09:39
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Default Daily Forex Market by FXCC 22Feb2012

Daily Forex Market by FXCC 22Feb2012

The yen fell for a fourth day versus the dollar, the longest losing streak in more than two months.

The yen fell 0.1 percent to 79.74 at 5 p.m. in New York, after touching 79.89 yesterday, the weakest level seen since Aug. 4. The euro declined less than 0.1 percent to $1.3234 after reaching $1.3293, the highest level since Feb. 9. Europe’s currency rose 0.1 percent 105.54 yen after earlier rising to 106.01 yen, the most since Nov. 14. Sterling was one of the weaker performers versus the US dollar on Tuesday, recording a daily decline of circa 0.40%. GBP/USD is still under pressure, printing at 1.5790 from 1.5844.
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URL: https://support.fxcc.com/email/technical/21022012

UPCOMING EVENTS
2012-02-22 08:30 | GMT GermanyPurchasing Manager Index Manufacturing (Feb)
2012-02-22 09:00 | GMT EU - Purchasing Manager Index Manufacturing (Feb)
2012-02-22 09:30 | GMT United Kingdom Bank of England Minutes
2012-02-22 10:00 | GMT EU - Industrial New Orders (YoY) (Dec)

FOREX NEWS
2012-02-22 04:59 | GMT USD/JPY above 80.00
2012-02-22 02:31 | GMT China HSBC Manufacturing PMI 49.7 in Feb
2012-02-22 02:02 | GMT New Zealand Credit Card Spending s.a. (YoY) 3.1% in Jan
2012-02-22 00:32 | GMT Australia Wage Price Index (QoQ) 1% in 4Q

-------------
EURUSD : 1.32579 / 1.32589
DAILY WEEKLY MONTHLY


1.3424 | 1.3375 | 1.3322 | 1.3291
1.3182 | 1.3139 | 1.3080 | 1.3020

SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD fell yesterday and formed a low just 12 pips away from our support level 1.3182 confirming our scenario for retesting that level and then continuing an upward move. The euro has been trapped in a sideways direction between 1.3291 (R1) and 1.3182 (S1). If we switch to a higher timeframe (4 hours or daily) we can observe a double top and this is a signal for a trend reversal. The EURUSD whipsawed traders on February, breaking higher, breaking lower, trading sideways and lastly forming a double top giving signs for trend reversal. Our recommendation for today’s trading session is no position until we get a clearer trend direction.

-------------
GBPUSD : 1.57839 / 1.57857
DAILY WEEKLY MONTHLY



1.5928 | 1.5879 | 1.5839 | 1.5807
1.5762 | 1.5735 | 1.5700 | 1.5654

SUMMARY : Down
REND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD made a sharp move downwards from 1.5860 towards 1.5762 level, successfully touching our support level and confirming our recommendations for short positions (+78 pips). Now the price has found a strong support at 1.5762, if it falls below this level we can expect the price to continue its downward move as it is under bearish pressure and it seems to be heading towards our support levels. This bearish pressure can also be confirmed by the moving averages that have turned bearish and the price is using them as a strong resistance. Look out for a correction upwards towards 1.5807 (R1) and then the continuation of the downward move.

--------------
USDJPY : 80.031 / 80.045
DAILY WEEKLY MONTHLY



81.86 | 81.47 | 80.93 | 80.67
79.35 | 78.97 | 78.69 | 78.19

SUMMARY: Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

The USDJPY broke above our resistance level 79.87 – yearly high, and has confirmed the upward direction seen since the beginning of February. So the most likely scenario is that the pair will continue its upward move targeting 80.67 (R1) and then a further rise will be limited to 81.47 (R2). Look for long positions in today’s trading session as the pair is in a strong upwards momentum with a stop loss below 79.35 (S1).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #15  
Old 23-02-2012, 09:17
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Default Daily Forex Market by FXCC 23Feb2012

Daily Forex Market by FXCC 23Feb2012

Sterling falls sharply as doubts emerge over quantitative easing levels by the Bank of England.

The greenback traded at $1.3248 per euro as of 8:32 a.m. Tokyo from $1.3249 in New York yesterday. It was at $1.0620 versus Australia’s dollar from $1.0638 yesterday, when it rose 0.2 percent. Against New Zealand’s currency, it traded at 82.83 U.S. cents after yesterday gaining 0.6 percent to 82.93. Japan’s currency was little changed at 80.34 yen per dollar after falling yesterday to 80.40, the weakest level since July 11. It fetched 106.43 per euro from 106.38 yen. Sterling declined 0.7 percent to 84.49 pence per euro at 4:34 p.m. London time after falling to 84.57 pence, the weakest level since Dec. 13. The U.K. currency slid 0.6 percent to $1.5678, and was little changed at 125.88 yen.
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URL: https://support.fxcc.com/email/technical/23022012

UPCOMING EVENTS
2012-02-23 09:00 GMT | Germany IFO - Business Climate (Feb)
2012-02-23 09:00 GMT | Germany IFO - Current Assessment (Feb)
2012-02-23 09:00 GMT | Germany IFO - Expectations (Feb)
2012-02-23 09:30 GMT | United Kingdom BBA Mortgage Approvals (Jan)

FOREX NEWS
2012-02-23 05:04 GMT | EUR/USD again rejected below 1.3265 in Asia
2012-02-23 04:25 GMT | GBP/JPY slips to 4-day lows below 125.50
2012-02-23 02:37 GMT | EUR/GBP trading off 2-month highs
2012-02-23 00:40 GMT | EUR/AUD taking stabs at 1.2475

--------------
EURUSD : 1.32769 / 1.32780
DAILY WEEKLY MONTHLY



1.3424 | 1.3375 | 1.3322 | 1.3291
1.3211 | 1.3182 | 1.3139 | 1.3020

SUMMARY : Neutral
TREND : Sideway
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

EURUSD after price formed lower top within the upper and lower barrier of the trading range, price continued in sideways move between 1.3211 support and resistance at 1.3291. Right now it seems that the pair is gaining momentum to the upwards and we can expect probably price will be targeting at resistance at 13291. Further rise above this level will then focus on 1.3322 (R2) and if EURUSD holds its momentum, rise might be limited at 1.3375 (R3). On the downside, if the price declines below 1.3211 (S1) we can expect the price to retest at 1.3182 (S2).

--------------
GBPUSD : 1.56924 / 1.56945
DAILY WEEKLY MONTHLY



1.5814 | 1.5762 | 1.5735 | 1.5700
1.5649 | 1.5625 | 1.5576 | 1.5523

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

The GBPUSD made a move upwards to retest the first resistance level at 1.5807 (yesterday's resistance) and after that it fell sharply penetrating successfully our support levels (targets) of 1.5762, 1.5735 and 1.5700 (S3) confirming our yesterday’s recommendations for short positions (+107 pips). Now it seems that the pair formed a strong support at 1.5649 (S1) a strong technical and psychological support level that it has been retested 2 times in February but price didn’t manage to break below it.On the other hand a break below 1.5649 (S1) we will then expect the price to retest 1.5625 (S2) and then further decline will then approach towards 1.5576 (S3). Look for long positions as far as the price is moving above 1.5649 (S1) with a stop loss close to 1.5625 (S2).

-------------
USDJPY : 80.138 / 80.152
DAILY WEEKLY MONTHLY



81.86 | 81.47 | 80.84 | 80.40
79.88 | 79.35 | 78.97 | 78.69

SUMMARY: Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The outlook for USDJPY continues to be positive as it successfully managed to stay above our support levels and its clear that it is moving upwards. This is supported by the fact that the 10 and the 20 Moving Averages are giving as a strong support in the uptrend as both of them are providing bullish signals. We remain bullish on the pair until we see a definite signal for correction or retracements and even for reversal. A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 80.40 (R1). A stop loss should be placed above 79.35 (S2).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #16  
Old 24-02-2012, 07:54
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Default Daily Forex Market by FXCC 24Feb2012

Daily Forex Market by FXCC 24Feb2012

Aussie Dollar Set for a Two-Week Gain..

The euro was unchanged at $1.3373 as of 8:40 a.m. in Tokyo from Thursday and earlier touched $1.3379, matching the highest since Dec. 12. The shared currency was at 106.90 yen from 106.98 yesterday, when it rose 0.6 percent. The yen was at 79.94 per dollar from 80 yesterday. The USD/JPY finally broke down through the key 80.00 support level late Thursday after falling almost 50 pips from 80.30 to break support posting fresh intra-day lows at 79.85. Sterling advanced 0.2 percent to $1.5696 at 5:08 p.m. London time, trimming yesterday’s 0.7 percent decline. The currency dropped 0.3 percent to 84.78 pence per euro, after depreciating to 84.89 pence, the weakest since Dec. 12.

Australia’s dollar gained 0.1 percent to $1.0728 at 11:00 a.m. in Sydney, set to rise 0.2 percent this week. The Aussie bought 85.75 yen from 85.74 yesterday. New Zealand’s currency bought 83.73 U.S. cents, 0.1 percent higher than yesterday’s close in New York. It was poised for a 0.6 percent weekly advance. The kiwi was at 66.93 yen from 66.90.
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URL: https://support.fxcc.com/email/technical/24022012

UPCOMING EVENTS
2012-02-24 07:00 GMT | Germany Gross Domestic Product s.a (QoQ) (Q4)
2012-02-24 07:00 GMT | Germany Gross Domestic Product n.s.a (YoY) (Q4)
2012-02-24 09:30 GMT | United Kingdom Gross Domestic Product (QoQ) (Q3)
2012-02-24 09:30 GMT | United Kingdom Gross Domestic Product (YoY) (Q3)

FOREX NEWS
2012-02-24 05:40 GMT | EUR/USD muted in Asia around 1.3370
2012-02-24 02:55 GMT | EUR/AUD slides below 1.2450 on RBA comments
2012-02-24 01:11 GMT | AUD/JPY breaks the 86.00 handle
2012-02-24 00:51 GMT | GBP/USD steady below 1.5750

--------------
EURUSD : Connection timeout
DAILY WEEKLY MONTHLY



1.3493 | 1.3469 | 1.3425 | 1.3377
1.3293 | 1.3211 | 1.3182 | 1.3139

SUMMARY : Up
TREND : Up trend
MA10: Bullish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD formed a high at 1.3377 (R1) taking away positive our 3 targets (1.3291, 1.3322 and 1.3375) that were recommended in yesterday’s analysis gaining a total of 117 pips!! EURUSD is in a strong uptrend momentum. A break above 1.3377 will continue its upward move targeting next resistance level at 1.3425 (R1). A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 1.3377(R2). A stop loss should be placed below 1.3293 (S1).

---------------
GBPUSD : 1.57313 / 1.57327
DAILY WEEKLY MONTHLY



1.5924 | 1.5879 | 1.5814 | 1.5755
1.5700 | 1.5649 | 1.5593 | 1.5424

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD rebounded from 1.5649 (S2) and made a sharp move upwards penetrating successfully first and second target (1.5700 and 15735) ending our day with profits!! It seems now the pair is doing a small correction before it continues its move upwards towards 1.5814 (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 below 1.5680.

---------------
USDJPY : 80.408 / 80.412
DAILY WEEKLY MONTHLY



81.86 | 81.47 | 80.84 | 80.48
79.88 | 79.35 | 78.97 | 78.69

SUMMARY : Neutral
TREND : Sideway
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY after a successful run since beginning of February USDJPY is moving in a consolidation mode between the levels of 79.88 (S1) and 80.46 (R1). A break above upper level we will be suggesting target at 80.84 (R2) and of course continuation of the uptrend. In the other hand a break below 79.88 (S1) we can expect the price to retest support at 79.35 (S2). As far as the price is moving between 79.88 (S1) and 80.46 (R1) we remain flat.

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #17  
Old 27-02-2012, 08:01
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Default Daily Forex Market by FXCC 27Feb2012

Daily Forex Market by FXCC 27Feb2012

The dollar climbed to its highest level in almost nine months against the yen

In the first hour of Asia-Pacific session the euro rose 0.6 percent to 109.83 yen as of 7:55 a.m. in Tokyo from 109.18 in New York on Feb. 24. The common currency traded as high as 109.91, its strongest level since Oct. 31. It advanced 0.1 percent to $1.3468. The dollar climbed as much as 0.6 percent to 81.67 yen, its highest level since May 31, before trading at 81.55. However, The yen erased its 0.6 percent loss versus the dollar before trading at 81.14 as of 9:35 a.m. Tokyo time from 81.20 on Feb. 24 in New York. GBP/USD opened the Asia-Pacific session at 1.5880 from 1.5896 Friday close in New York; the pair experienced heavy selling interest at 1.5899, dipping to as low as 1.5860.
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URL: https://support.fxcc.com/email/technical/27022012

UPCOMING EVENTS
2012-02-27 07:45 GMT | France Producer Prices (MoM) (Jan)
2012-02-27 9:00 GMT | Italy Business Confidence (Feb)
2012-02-27 9:00 GMT | European Monetary Union M3 Money Supply (YoY) (Jan)
2012-02-27 9:00 GMT | European Monetary Union M3 Money Supply (3m) (Jan)

FOREX NEWS
2012-02-27 05:56 GMT | EUR/USD holds above 1.3440 in Asia-Pacific
2012-02-27 04:29 GMT | GBP/USD range bound between 1.5860/1.5900
2012-02-27 03:59 GMT | EUR/JPY finds ground at 109.00 in Asia
2012-02-27 00:38 GMT | GBP/USD capped below 1.5900


EURUSD : 1.34401 / 1.34411
DAILY WEEKLY MONTHLY



1.3613 | 1.3586 | 1.3542 | 1.3486
1.3377 | 1.3293 | 1.3211 | 1.3139

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD rise on Friday and penetrated successfully our first resistance giving us a profit of 51 pips!! We expect the price to continue its upward move as it is under bullish pressure, but before that we can expect for a correction downwards below 1.3377 (S1) and then to continue upwards. Look for long positions below 1.3377 (S1) with a stop loss at 1.3293 (S2) targeting 1.3486 (R1).

GBPUSD : 1.58567 / 1.58584
DAILY WEEKLY MONTHLY



1.5998 | 1.5969 | 1.5934 | 1.5898
1.5813 | 1.5762 | 1.5700 | 1.5649

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Oversold


MARKET ANALYSIS - Intraday Analysis

GBPUSD rise from 1.5700 (S3) and made a sharp move upwards successfully penetrating our first target ending our day with profits (+59 pips)!! After that the price formed a high at 1.5898 (R1) and fell. Now it seems that the pair is moving downwards for a correction towards 1.5813 (S1) and even to our second support at 1.5762 (S2). Look for short positions at current price targeting 1.5813 (S1) and 1.5762 (S2) with a stop loss above 1.5898 (R1).

USDJPY : 81.090 / 81.099
DAILY WEEKLY MONTHLY



83.66 | 82.50 | 81.97 | 81.66
80.78 | 80.42 | 79.88 | 79.35

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY formed a high at 81.66 (R1) profiting on all our targets recommended on Friday's analysis gaining a total of 107 pips!! After that the pair fell and it now seems that it is going to retest 80.78 (S1) soon. A break below that level will be suggesting target at 80.42 (S2) as we are in a correction phase of our uptrend. On the other hand if price manage to break above 81.66 (R1) we will then expect the price to reach 81.97 (R2) and then further rise will then approach towards 82.50(R3). Look for long positions above 80.42 (S2) with a stop loss below 79.88 (S3) targeting second resistance level 81.97 (R2).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #18  
Old 29-02-2012, 08:22
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Default Daily Forex Market by FXCC 29Feb2012

Daily Forex Market by FXCC 29Feb2012

Euro could rise on LTRO expectation

The euro rose 0.5 percent to $1.3458 at 5 p.m. in New York. It added 0.3 percent to 108.29 yen. The dollar weakened 0.2 percent to 80.46 yen. The pound rose 0.5 percent to $1.5901 after reaching $1.5908, the strongest level since Feb. 8. The U.K. currency was little changed at 84.64 pence per euro. USD/CHF consolidated around the 0.8950 zone, cutting back from an earlier high of 0.9000 on Tuesday reaching a session low of 0.8947, recording a 0.45% loss on the day as nearing the end of trading in the New York session.

Canada’s dollar, the loonie, appreciated 0.4 percent to 99.53 cents per U.S. dollar at 5 p.m. in Toronto. The currency, which reached 99.42 cents, the most since Feb. 21, has appreciated 2.6 percent this year. One Canadian dollar buys $1.0047. The Aussie dollar climbed to a new weekly high of 1.0785 on Tuesday, stopping below that level stalling at 1.0764 in New York, circa 10 pips above the previous day’s close, ahead of the much-anticipated liquidity injection (LTRO) in Europe scheduled for announcement on Wednesday.
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URL: https://support.fxcc.com/email/technical/29022012


UPCOMING EVENTS
2012-02-29 08:55 GMT | Germany Unemployment Change (Feb)
2012-02-29 09:30 GMT | United Kingdom Consumer Credit (Jan)
2012-02-29 10:00 GMT | EU - Consumer Price Index (YoY) (Jan)
2012-02-29 10:15 GMT | EU - ECB LTRO auction

FOREX NEWS
2012-02-29 05:02 GMT | Japan Housing Starts (YoY) -1.1% in Jan
2012-02-29 00:37 GMT | Australia: Jan Retail Sales +0.3%, as expected
2012-02-29 00:18 GMT | Australia: New Homes Sales disappoint at -7.3%
2012-02-29 00:02 GMT | UK - Gfk Consumer Confidence steadies at -29 in Feb


EURUSD : 1.34731 / 1.34742
DAILY WEEKLY MONTHLY



1.3613 | 1.3586 | 1.3542 | 1.3486
1.3366 | 1.3293 | 1.3211 | 1.3139

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD after price formed top at 1.3486 (R1), price continued in sideways move between 1.3366 support and resistance at 1.3486. Right now it seems EURUSD is gaining momentum and we can expect probably price will be breaking above first resistance at 1.3486 (R1). Further rise above this level will then focus on 1.3542 (R2) resistance and if EURUSD holds its momentum, rise might be limited at 1.3586 (R3). On the other hand if the price manages to stay below 1.3486 we expect the pair to retest first support and then continue its sideways move.

GBPUSD : 1.59321 / 1.59340
DAILY WEEKLY MONTHLY



1.6029 | 1.5998 | 1.5969 | 1.5937
1.5899 | 1.5809 | 1.5762 | 1.5700

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC: Neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD made a sharp move upwards and confirmed our recommendations for long positions hitting successfully the second resistance level ending the day with 40 pips profit. We except the price to continue its upward move as it is under bullish pressure at the moment (both of our MA are bullish) and it seems to be breaking above 1.5937 (R1) a strong technical and psychological level as this level has been retested again in the past (beginning of February) without succeeding to break above it. A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 1.5937 (R1). A stop loss should be placed above 1.5809 (S2).

USDJPY : 80.430 / 80.438
DAILY WEEKLY MONTHLY



82.50 | 81.97 | 81.66 | 80.78
80.00 | 79.35 | 78.97 | 78.19

SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Bearish
STOCHASTIC : Oversold


MARKET ANALYSIS - Intraday Analysis

The USDJPY fell from 81.66 (R2) and formed a lower top at 80.78 (R1) after which the price rebounded from 80.00 (S1). A break above the first resistance level of 80.78 (R1) would suggest a target and retest of 81.66 (R2). If the price holds its momentum on the upside we can expect a further rise towards 81.97 (R3). On the other hand, if the price does not manage to break above 80.78 (S1) we can expect the pair to retest support at 80.00 (S1) and a further fall will be limited to 79.35 (S2).


Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #19  
Old 01-03-2012, 10:41
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Posts: 603
Default Daily Forex Market by FXCC 01Mar2012

Daily Forex Market by FXCC 01Mar2012

Cable reached a morning session highs after the ECB’s LTRO

The Euro fell to a 1-week low versus the UK Pound following the ECB LTRO operation, which injected €530 billion into the European banking system. EUR/GBP is quoting in the 0.8440 zone, where it's currently showing a 0.2% loss on the day. The euro has dropped 1 percent versus the New Zealand dollar, and has declined 0.7 percent versus Australia’s currency.

The Australian dollar rose 0.6 percent to $1.0834 after climbing to $1.0856, the strongest level witnessed since Aug. 2, 2011. USD/CAD has been edging lower, some 85 pips below parity, at 0.9916
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URL: https://support.fxcc.com/email/technical/01032012

UPCOMING EVENTS
2012-03-01 07:00 GMT | UK - Nationwide Housing Prices n.s.a (YoY) (Feb)
2012-03-01 09:00 GMT | EU - Purchasing Manager Index Manufacturing (Feb)
2012-03-01 09:30 GMT | UK - Purchasing Manager Index Manufacturing (Feb)
2012-03-01 10:00 GMT| EU - Unemployment Rate (Jan)

FOREX NEWS
2012-03-01 05:35 GMT | Australia Feb RBA Commodity Index SDR (YoY) 3.5%
2012-03-01 02:30 GMT | China Feb HSBC Manufacturing PMI improves to 49.6
2012-03-01 00:32 GMT | Australia Jan Building Permits (YoY) -14.6%
2012-03-01 00:31 GMT | Australia Private Capital Expenditure -0.3% in 4Q


EURUSD : 1.33310 / 1.33319
DAILY WEEKLY MONTHLY



1.3613 | 1.3542 | 1.3486 | 1.3424
1.3312 | 1.3211 | 1.3139 | 1.3087

SUMMARY : Down
TREND : Downward penetration
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD after retesting 1.3486 (R2) twice, it did not manage to break above it, as a result to fell yesterday and to made a bottom at 1.3312 (S1).It seems that we are in a correction phase of our uptrend. If it breaks below that level (go short) we can expect the price to retest 1.3211 (S2), a significant strong support level. On the other hand, if the price does not manage to break below 1.3312 (S1) we can expect the pair to retest 1.3424 9 (R1) and further rise will be limited to 1.3486 (R2) a technical and psychological level for the bulls. A proper confirmation for the long positions will be when the price manages to break above 1.3366. A stop loss should be placed below 1.3312 (S1).

GBPUSD : 1.59136 / 1.59148
DAILY WEEKLY MONTHLY



1.6097 | 1.6068 | 1.6029 | 1.5991
1.5871 | 1.5811 | 1.5755 | 1.5649

SUMMARY : Up
TREND : Up trend
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD rise and penetrated successfully second resistance and it came close to third(only 7 pips away), confirming our long position towards our target at 1.5969 gaining a small profit (+32 pips)! After forming top above our resistance level at 1.5991 (R1) price begin to fall and was able to come close to our support level at 1.5871 (S1) a significant both psychological and technical level. We expect the price to move further down towards 1.5871 (S1) for a correction. A break below that level it will then retest 1.5811 (S2) and further decline will then be limited to 1.5755 (S3). Look for short positions in today’s trading session with a stop loss above 1.5991 (R1).

USDJPY : 81.059 / 81.067
DAILY WEEKLY MONTHLY



82.93 | 82.50 | 81.97 | 81.66
80.78 | 80.00 | 79.35 | 78.97

SUMMARY : Neutral
TREND : Sideway
MA10 : Bullish
MA20 : Neutral
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

After a successful run since the beginning of February, USDJPY formed a top at 81.66 (R1) and fell creating a strong support level at 80.00 (intraday). Yesterday the price was able to break above 80.78 (S1), retested it, and now is moving above that level. Our recommendation for today’s trading session is we open long positions only when the price breaks above 81.66 (R1). As far as the price is below that level we remain flat until we get a clearer direction of the price.

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #20  
Old 02-03-2012, 10:02
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Join Date: Aug 2011
Posts: 603
Default Daily Forex Market by FXCC 02Mar2012

Daily Forex Market by FXCC 02Mar2012

EU: PLANS TO SLOW DEFICIT-CUTTING PLANS MAY STRETCH TILL JUNE

EUR/USD is currently trading at 1.3297 near recent session lows at 1.3294. With session highs at 1.3331, only 25 minutes after Tokyo opened at 00:00 GMT, the pair has been on the offer since then, losing some -0.27% on the way. On a weekly basis, the EUR/USD is lower by -1.25% since its opening on Monday.GBP/USD is under slight pressure ahead of the European open, having traded a narrow 1.5939-1.5964 margin during the Asia-Pacific session, last at 1.5942 from 1.5953 late Thursday in New York.

After 11th week with local share markets inching higher, NZD/USD is trading at 0.8383, same quotes reached early February, coming from mid Dec last year bouncing from 0.7466 price zone. EUR/AUD after Thursday’s decline to fresh weekly lows in the 1.2300 price zone, has been operating in consolidation mode between 1.2308 and 1.2343 so far in Friday’s Asia-Pacific session.
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URL: https://support.fxcc.com/email/technical/02032012

UPCOMING EVENTS
2012-03-02 00:00 GMT | European Monetary Union EU Economic Summit
2012-03-02 07:00 GMT | Germany Retail Sales (MoM) (Jan)
2012-03-02 09:30 GMT | United Kingdom PMI Construction (Feb)
2012-03-02 10:00 GMT | European Monetary Union Producer Price Index (YoY)

FOREX NEWS
2012-03-02 05:29 GMT | GBP/USD gently offered ahead of European open
2012-03-02 03:30 GMT | EUR/USD still bracketed; holds above 1.3300
2012-03-02 00:54 GMT | USD/JPY pops to 81.30
2012-03-02 00:01 GMT | New Zealand ANZ Commodity Price 0% in Feb


EURUSD : 1.33016 / 1.33023
DAILY WEEKLY MONTHLY



1.3486 | 1.3424 | 1.3366 | 1.3333
1.3280 | 1.3211 | 1.3139 | 1.3087

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold


MARKET ANALYSIS - Intraday Analysis

EURUSD fell below our first support and formed a bottom at 1.3280 (S1). After that the price rise and broke above the same level giving us only a small profit of pips. We expect the EURUSD to continue its move downwards and to complete the correction at the level of 1.3211 (S2). A proper confirmation for the short positions will be when the price manages to break below the first support level of 1.3280 (S1). A stop loss should be placed above 1.3333 (R1).

GBPUSD : 1.59415 / 1.59431
DAILY WEEKLY MONTHLY



1.6097 | 1.6068 | 1.6029 | 1.5991
1.5896 | 1.5811 | 1.5755 | 1.5680

SUMMARY : Up
TREND : Up trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold


MARKET ANALYSIS - Intraday Analysis

GBPUSD rise and moved closer to the first resistance level of 1.5991 (R1). A break above that level would suggest a target of 1.6029 (R2) and a further rise will then focus on the next target at 1.6068 (R3). On the downside, if the price does manage to stay below current resistance level 1.5991 (R1) we can expect retesting of 1.5896 (S1). A further decline will then bring focus to the next support level at 1.5811 (S2) a strong technical support level. We expect the price to retest first support level and then to move downwards targeting second support level at 1.5811 (S2). Look for short positions in today trading session with a stop loss below 1.5991 (R1).

USDJPY : 81.471 / 81.477
DAILY WEEKLY MONTHLY



83.40 | 82.79 | 82.22 | 81.66
80.78 | 80.00 | 79.35 | 78.93

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

USDJPY broke above our first support of 80.78 (S1) and is approaching towards 81.66 (R1) a strong technical level for the bulls. A break above that level we suggest target of 82.22 (R2). Both of our Moving Averages are pointed bullish and we expect the price to continue its upwards move targeting our support levels. A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 81.66 (S1). A stop loss should be placed below 81.15.

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #21  
Old 05-03-2012, 07:59
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Default Daily Forex Market by FXCC 05Mar2012

Daily Forex Market by FXCC 05Mar2012

Sterling near 2-weak high vs euro, but drops on dollar

EUR/USD opened marginally lower at 1.3191 at the weekly open, but managed to climb to 1.3213 after bouncing off support ahead of 1.3180 during the Asian session. The pair has since been bracketed between the mentioned range and now holds around 1.3190. AUD/USD has broken below intraday support at 1.0715 from an earlier high of 1.0741 following PMI data out of China, enabling the pair to slide to a fresh 5-day low in the 1.0700 area before stalling, last at 1.0704, recording a 0.23% loss on the day. The GBP/USD opened the week practically unchanged from its closing price at the end of trading last week, having operated between 1.5829 and 1.5843 so far in Asia, last quoted near the session high.

AUD/CAD is holding around last week's lows, last at 1.0613, with session lows at 1.0591 and highs at 1.0641. The cross is lower by -0.61% from previous weekly open, and still above Feb lows, since Jan 25. AUD/JPY is currently at 87.52, dealing with session lows set at 87.44 for the moment, below last Friday's lows. Losing some -0.31% for the session, the cross still holds above Feb 27/March 01 highs.
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URL: https://support.fxcc.com/email/technical/05032012

UPCOMING EVENTS
2012-03-05 09:00 GMT | Germany Purchasing Manager Index Services (Feb)
2012-03-05 09:00 GMT | EU - Purchasing Manager Index Services (Feb)
2012-03-05 09:30 GMT | United Kingdom Purchasing Manager Index Services (Feb)
2012-03-05 10:00 GMT | EU - Retail Sales (YoY) (Jan)

FOREX NEWS
2012-03-05 02:42 GMT | China: HSBC Services PMI signals renewed growth at 53.9
2012-03-05 00:33 GMT | Australia ANZ Job Advertisements 3.3% in Feb
2012-03-05 00:31 GMT | Australia Company Gross Operating Profits -6.5% in 4Q
2012-03-05 00:30 GMT | GBP/USD unchanged in Asia; support at 1.5800


EURUSD : 1.32055 / 1.32066
DAILY WEEKLY MONTHLY



1.3486 | 1.3424 | 1.3366 | 1.3280
1.3150 | 1.3108 | 1.3027 | 1.2969

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD formed a low at 1.3182 profiting on all our targets recommended in Friday’s analysis gaining a total of 69 pips!! A break below that level will be suggesting target at 1.3150 (S2) a technical level as we are still in a correction phase of our uptrend (daily). On the other hand if price manage to stay above 1.3182 we will then expect the price to retest 1.3280 (R1) and then further rise will then approach towards 1.3366 (R2). Our recommendation for today trading session is no position. I believe the pair it will continue its downward move and it will find a strong support at 1.3150 (S1). A level that it is very significant as it will determine if we are still in an uptrend (daily) or if we are heading to a trend reversal.

GBPUSD : 1.58247 / 1.58258
DAILY WEEKLY MONTHLY



1.6068 | 1.6029 | 1.5991 | 1.5896
1.5755 | 1.5680 | 1.5633 | 1.5587

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The GBPUSD fell from 1.5991 and broke below first and second resistance in our Friday’s recommended target gaining a total of 85 pips!!! After forming a top at 1.5991 (R2), price fell and made a support at 1.5808. A break below that level will suggest target at 1.5755(S1) and further fall will then be limited at 1.5680 (S2). On the other hand if price manage to stay above current level, we expect the price to retest 1.5896 (R1) and a break above that level we suggest target at 1.5991 (R2) a strong resistance level for the bears .

USDJPY : 81.270 / 81.278
DAILY WEEKLY MONTHLY



83.40 | 82.79 | 82.22 | 81.87
81.00 | 80.40 | 80.00 | 79.35

SUMMARY : Up
TREND : Up trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold


MARKET ANALYSIS - Intraday Analysis

The USDJPY rise on Friday and closed above Friday’s resistance giving us a small profit of 20 pips. After that the price fell sharply and formed a bottom around 81.15. We expect the price to continue its upward move as it is under bullish pressure (daily), but before that we can expect for a retest and correction downwards towards 81.00 (S1) and then to continue upwards. Look for long positions at 81.00 (S1) with a stop loss at 80.40 (S2) targeting 81.87 (R1) a strong technical level for the bulls.

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #22  
Old 06-03-2012, 11:48
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Join Date: Aug 2011
Posts: 603
Default Daily Forex Market by FXCC 06Mar2012

Daily Forex Market by FXCC 06Mar2012

Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas.

Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo. Quisque sit amet est et sapien ullamcorper pharetra. Vestibulum erat wisi, condimentum sed, commodo vitae, ornare sit amet, wisi. Aenean fermentum, elit eget tincidunt condimentum, eros ipsum rutrum orci, sagittis tempus lacus enim ac dui. Donec non enim in turpis pulvinar facilisis. Ut felis. Praesent dapibus, neque id cursus faucibus,

Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est.
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URL: https://support.fxcc.com/email/technical/06032012

UPCOMING EVENTS
2011-08-10 11:14 GMT | Pellentesque habitant morbi tristique senectus
2011-08-10 11:14 GMT | Pellentesque habitant morbi tristique senectus
2011-08-10 11:14 GMT | Pellentesque habitant morbi tristique senectus
2011-08-10 11:14 GMT | Pellentesque habitant morbi tristique senectus

FOREX NEWS
2011-08-10 11:14 GMT | Pellentesque habitant morbi tristique senectus
2011-08-10 11:14 GMT | Pellentesque habitant morbi tristique senectus
2011-08-10 11:14 GMT | Pellentesque habitant morbi tristique senectus
2011-08-10 11:14 GMT | Pellentesque habitant morbi tristique senectus

-------------
EURUSD : 1.32013 / 1.32020
DAILY WEEKLY MONTHLY



1.3424 | 1.3362 | 1.3280 | 1.3240
1.3159 | 1.3108 | 1.3027 | 1.2969

SUMMARY : Up
TREND : Upward penetration
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo.

-------------
GBPUSD : 1.58534 / 1.58549
DAILY WEEKLY MONTHLY



1.6068 | 1.6029 | 1.5991 | 1.5896
1.5782 | 1.5731 | 1.5680 | 1.5633

SUMMARY : Up
TREND : Upward penetration
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo.

-------------
USDJPY : 81.426 / 81.434
DAILY WEEKLY MONTHLY



83.40 | 82.79 | 82.22 | 81.87
81.14 | 80.78 | 80.24 | 79.85

SUMMARY : Up
TREND : Upward penetration
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo.

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #23  
Old 07-03-2012, 07:58
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Default Daily Forex Market by FXCC 07Mar2012

Daily Forex Market by FXCC 07Mar2012

AUD/USD off 5-week lows above 1.0520

EUR/USD is currently at 1.3137 retreating from session highs at 1.3150. Up +0.16% for the session, bounces from fresh 2-week lows at 1.3103 late NY, accelerating to the upside moments after worse than expected Australian 4Q GDP came out at 00:30 GMT. GBP/USD is trading a tight 40-pip range between 1.5698 and 1.5738 so far this Wednesday following a sharp overnight drop to current levels on the back of broad-based USD strength.

EUR/JPY has so far traded a tight 105.69- 106.40 range this Wednesday following a sustained break of the 107.00 handle overnight, sliding 1.6% to 106.05.Along with the dollar, the Japanese yen was the benefactor of a significant flight to safety on global growth and Greek PSI concerns, as investors sought refuge in safe-haven assets. Aussie is back above previous daily lows now around 1.0540, after falling to fresh 5-week lows at 1.0509. With much worse than expected Australian 4Q GDP rising half of expected +0.8%, AUD/USD dropped from session highs around 1.0570, to mentioned lows in a blink of an eye.
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URL: https://support.fxcc.com/email/technical/07032012

UPCOMING EVENTS
2012-03-07 00:30 GMT | Australia Gross Domestic Product (YoY) (Q4)
2012-03-07 06:45 GMT | Switzerland Unemployment Rate n.s.a (MoM) (Feb)
2012-03-07 11:00 GMT | Germany Factory Orders s.a. (MoM) (Jan)
2012-03-07 11:00 GMT | Germany Factory Orders n.s.a. (YoY) (Jan)

FOREX NEWS
2012-03-07 05:08 GMT | Japan Leading Economic Index 94.9 in Jan
2012-03-07 00:32 GMT | Australia 4Q Gross Domestic Product (YoY) 2.3%
2012-03-07 00:31 GMT | Australia 4Q Gross Domestic Product (QoQ) 0.4%
2012-03-07 00:01 GMT | United Kingdom: BRC Shop Price Index (MoM) (Feb): 1.2%

-------------
EURUSD : 1.31382 / 1.31391
DAILY WEEKLY MONTHLY



1.3424 | 1.3362 | 1.3280 | 1.3240
1.3103 | 1.3053 | 1.3023 | 1.2985

SUMMARY : Down
TREND : Down trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD moved downwards and successfully penetrated our second support forming a new low at 1.3103 (S1) profiting on our target recommended in yesterday’s analysis gaining a total of 51 pips!! The pair is under bearish pressure since the price made a high at 1.3480 and retested it twice without succeeding to break above it with a resulting reversal and downwards move. A break below the 1.3103 (S1) level would suggest a target at 1.3053 (S2) and a further fall will then focus on 1.3023 (S3). We believe the pair will continue the downward move and will find a strong support at 1.2985 (S4) a significant technical and psychological level.

--------------
GBPUSD : 1.57272 / 1.57283
DAILY WEEKLY MONTHLY



1.5992 | 1.5962 | 1.5896 | 1.5782
1.5695 | 1.5633 | 1.5580 | 1.5537

SUMMARY : Down
TREND : Down trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD made a sharp move downwards and confirmed our recommendations for short positions below 1.5782 successfully hitting the second support level ending the day with 52 pips profit!!! We expect the price to continue its downward move as it is under bearish pressure at the moment (both of our MA 10 - 20 are bearish). Watch for a further correction upwards towards first resistance. So, our recommendation for today’s trading session is look for short positions close to our first resistance 1.5782 (R1) targeting 1.5633 (S2) with a stop loss below 1.5896 (R2).

----------------
USDJPY : 80.743 / 80.751
DAILY WEEKLY MONTHLY



82.79 | 82.30 | 81.87 | 81.14
80.58 | 80.24 | 79.85 | 79.43

SUMMARY : Neutral
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The USDJPY fell on yesterday’s trading session and found a strong support below yesterday’s first recommended target giving us a small profit of 36 pips! After that that price rose and is now moving above 80.58 (S1). If the USDJPY made a top (daily chart) at 81.72 (R2), we should expect further correction downwards (Fibonacci levels) but if the price completes its correction to the current level then it should continue its upwards move. Our recommendation for today’s trading session is no position as we are in a crucial point of the market and it is very important to see a break above 81.14 or below 80.58 to determine the current trend of the market.

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #24  
Old 08-03-2012, 09:15
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Default Daily Forex Market by FXCC 08Mar2012

Daily Forex Market by FXCC 08Mar2012

The ECB is expected to leave the interest rate unchanged at 1.0%

EUR/USD is currently dealing with session highs last at 1.3178, capped below descending trend line coming from 1.3485 double top Feb 29, and also below past Friday's lows and weekly close. Local share markets have been on the bounce today after three consecutive days falling, with US futures pointing higher and Nikkei index up by +1.51% above the 9700 points mark. GBP/USD opened the day at 1.5738 and spent the Asia-Pacific session trading in a 1.5722/45 range before breaking to a session high of 1.5755 as Asian stocks were lifted on a rumor that the PBoC may cut the RRR by 50bps today. USD/JPY has extended the bounce from its weekly low at 80.57 to 81.35 so far in the Asia-Pacific, last at 81.23 from 81.07 at the end of trade late Wednesday.

AUD/USD has just shot up to a session high of 1.0605 mid-day in Asia-Pacific trading, having rallied from an earlier post- Aussie unemployment rate session low of 1.0530 to 1.0606 on rumors the PBOC might cut the RRR 50 BPS later today. The EUR/JPY cross is currently retracing losses made earlier in the week and is pushing up against psychological resistance at the 107.00 mark after briefly peaking at 107.04.
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UPCOMING EVENTS
2012-03-08 08:15 GMT | Switzerland Consumer Price Index (MoM) (Feb)
2012-03-08 12:00 GMT | United Kingdom BoE Interest Rate Decision (Mar 8)
2012-03-08 12:00 GMT | United Kingdom BoE Asset Purchase Facility (Mar)
2012-03-08 12:30 GMT | European Monetary Union ECB Interest Rate Decision

FOREX NEWS
2012-03-08 05:06 GMT | Japan Feb Eco Watchers Survey: Outlook up to 50.1
2012-03-08 04:25 GMT | EUR/JPY testing offers above 107.00
2012-03-08 00:31 GMT | Australia Unemployment Rate s.a. 5.2% in Feb
2012-03-08 00:05 GMT | Japan: Q4 GDP at an unsurprising -0.2%; record Jan current account deficit

---------
EURUSD : 1.31771 / 1.31781
DAILY WEEKLY MONTHLY



1.3424 | 1.3362 | 1.3280 | 1.3240
1.3096 | 1.3053 | 1.3023 | 1.2985

SUMMARY : Neutral
TREND : Neutral
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD fell and found a strong support at 1.3096 (S1) a significant technical and psychological level. As we can see on the chart the pair is at a crucial point, as a break below 1.3096 (S1) will confirm a new trend – downtrend. On the other hand if the price manages to break above 1.3240 (R1) it will move above the uptrend trend line and it will indicate a continuation of the uptrend. As we are at a crucial point that it establish if we are in a turning point or if we are still in an uptrend, our recommendations for today’s trading session is no position until one of the above scenarios take place.

---------
GBPUSD : 1.57674 / 1.57683
DAILY WEEKLY MONTHLY



1.5991 | 1.5943 | 1.5895 | 1.5847
1.5695 | 1.5633 | 1.5580 | 1.5537

SUMMARY : Down
TREND : Down trend
MA10 : Neutral
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD rally continued to push lower as yesterday the price retested 1.5695 (S1) level twice and failed to break lower as a result of an upwards move just below yesterday’s resistance. A break below 1.5695 (S1) will confirm our short positions targeting 1.5633 (S2) a level that has been retested a couple of times in the last two months but without succeeding to break below it, turning this into a strong technical level. On the other hand, if the pair retests and breaks above the first resistance level of 1.5782 (R1), we would expect the price to retest 1.5847 (R2) and a further rise will be limited at 1.5895 (R3).

---------
USDJPY : 81.312 / 81.320
DAILY WEEKLY MONTHLY



83.14 | 82.79 | 82.30 | 81.87
80.96 | 80.58 | 80.24 | 79.85

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY fell and formed a strong support at 80.58 (S1). After that the price made 3 attempts to break below it but without any success. Following that the price rose and successfully broke above yesterday resistance 81.14 and now it seems that is heading towards 81.87 (R1) a year high, for a retest. Both of our Moving Averages 10 and 20 turned bullish and as we can see the pair is gaining strong upwards momentum. Look for long positions at the current price targeting 81.87 (R1). A stop loss should be placed between 80.96 (S1) and 80.58 (S2).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #25  
Old 09-03-2012, 09:27
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Default Daily Forex Market by FXCC 09Mar2012

Daily Forex Market by FXCC 09Mar2012

EUR/USD sells-off as Greece completes debt swap with 85.8% participation

USD/JPY has jumped higher in Asia as weaker-than-expected Chinese CPI data looks to have stimulated investors’ risk appetites. The pair has moved up to as high as 81.88 from 81.54 late Thursday as it tests the 81.87 double top seen Monday and last Friday.The Euro fell this morning as the Greek govt announced it had completed a debt swap with participation at 85.8% vs expectations running as high as 90/95%, although the number stays very much in line with the first initial pre-announcement by Greek offcials at the NY close. €172 tendered vs €206 eligible with Greek officials saying they will enact CACs, as they will amend terms of Greek law bonds for all holders. Grecia has also said participation will be 95.7% (€197m) after CAC triggered. Finally, Greece says 69% of non-Greek bondholders participated.

After the push down to 84.80 at the start of the week, AUD/JPY has bounced nicely from the mentioned support zone and the recovery has extended to as high as 87.12 so far in the Asia-Pacific. AUD/USD is having a minor pull-back from 1.0640 to 1.0634 after the China's consumer price index (CPI), a main gauge of inflation, came in lower-than-expected at 3.2% vs 3.5%, down from January's 4.5% increase.
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UPCOMING EVENTS
2012-03-09 09:30 GMT | United Kingdom Manufacturing Production (YoY) (Jan)
2012-03-09 09:30 GMT | United Kingdom Producer Price Index - Input (YoY)
2012-03-09 12:00 GMT | Canada Unemployment Rate (Feb)
2012-03-09 12:00 GMT | Canada Net Change in Employment (Feb)

FOREX NEWS
2012-03-09 05:34 GMT | China Retail Sales (YoY) falls to 14.7% in Feb from 18.1%
2012-03-09 01:37 GMT | China: CPI weaker than expected at 3.2% in Feb
2012-03-09 01:33 GMT | China Feb Consumer Price Index (YoY) 3.2%
2012-03-09 00:39 GMT | Australia Jan Trade Balance -0.673B

---------------
EURUSD : 1.32410 / 1.32418
DAILY WEEKLY MONTHLY



1.3485 | 1.3424 | 1.3362 | 1.3291
1.3159 | 1.3096 | 1.3053 | 1.2985

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

In yesterday’s analysis we said we were expecting the EURUSD either to break above the uptrend trend line (daily), confirm that the pair is still in an uptrend or to break below 1.3100 and to establish a new trend – down trend. As we can see on the chart the bullish scenario took place and the price broke above the uptrend trend line determining that the uptrend is still in effect. The EURUSD rose and moved below our first resistance this morning at 1.3291 (R1) and now it seems that it is close to retesting the uptrend trend line again just above our first support. Look for long positions above the first support level targeting 1.3291 (R1) and further rise will then be limited at 1.3362 (R2).

---------------
GBPUSD : 1.58039 / 1.58051
DAILY WEEKLY MONTHLY



1.5991 | 1.5943 | 1.5882 | 1.5847
1.5778 | 1.5695 | 1.5633 | 1.5580

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Neutral
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

GBPUSD made a sharp move upwards and successfully broke above yesterday’s resistance level continuing our winning streak by giving as a good profit (+49 pips). As long as it is above our second support level 1.5695 (S2), we can look for long positions close to our first support at 1.5778 (S1). A stop loss should be placed at 1.5695 (S2) but the most conservative and tactical traders can hold and wait for the break above 1.5847 (R2) to open their long positions targeting 1.5882 (R2).

---------------
USDJPY : 81.684 / 81.694
DAILY WEEKLY MONTHLY



83.14 | 82.79 | 82.30 | 81.88
81.31 | 80.94 | 80.58 | 80.24

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Neutral
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY gained momentum and formed higher bottoms successfully penetrating yesterday's target ending our day with 53 pips of profit!! After that the price found a strong resistance at 81.88 (R1), a yearly high. We expect the price to move upwards but only a break above 81.88 (R1) will give as a confirmation for long positions targeting 82.79 (R3). A stop loss should be placed at 81.31 (S1).


Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #26  
Old 12-03-2012, 10:08
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Default Daily Forex Market by FXCC 12Mar2012

Daily Forex Market by FXCC 12Mar2012

EUR/USD at 3-week lows in late Asia

EUR/USD is currently at 1.3100 level,right after Japanese confidence data has come out bit worse than expected, pushing USD higher across the board, along with yen, and sending equities lower. The day ahead includes EU Finance Ministers meeting, Germany Wholesale Price Index (Feb) month on month, and year on year, Italy GDP (Q4 final) at 09:00, Greek industrial production at 10.00 and Portugal Trade Balance at 11:00 GMT. GBP/USD traded sideways above the 1.5650 level for the whole of the Asia-Pacific session, having dipped to as low as 1.5656 from its opening price and session high of 1.5674, last at 1.5660. USD/JPY has begun to retreat from recent 11-month highs during the Asian session Monday, having dipped to as low as 82.10 from an earlier session high of 82.51 as the yen jumped slightly against the greenback on risk-off trading, ignoring further easing rumors by the BoJ in tomorrow's policiy meeting.

The aussie dollar is trading below the 1.0600 mark on Monday after China, main destination of Australian exports, has registered a deficit of CYN 31.5bn in the trade balance, below the CYN -4.9 bn expected and down from CYN 27.3 surplus in the previous print. USD/CHF is breaking higher above the 0.9200 level on broad greenback strength following Friday's positive jobs report in the US, peaking at 0.9213 so far in Asia as it extends its rebound from last week's 0.9069 low.
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UPCOMING EVENTS
2012-03-12 09:00 GMT | Italy Gross Domestic Product (YoY) (Q4)
2012-03-12 10:00 GMT | Greece Industrial Production (YoY) (Jan)
2012-03-12 11:00 GMT | Portugal Global Trade Balance (Nov)
2012-03-12 N/A GMT | European Monetary Union EU Finance Ministers meeting

FOREX NEWS
2012-03-12 07:31 GMT | Asian markets fall on Greek default
2012-03-12 07:01 GMT | Germany: Wholesale Price Index (MoM) increases 1% in Feb; (YoY) up 2.6%
2012-03-12 05:01 GMT | Japan Consumer Confidence Index decreases to 39.5
2012-03-12 01:13 GMT | EUR/USD dips below 1.3100

---------------
EURUSD : 1.31143 / 1.31151
DAILY WEEKLY MONTHLY



1.3485 | 1.3362 | 1.3291 | 1.3159
1.3078 | 1.3026 | 1.2974 | 1.2928

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD made a sharp move downwards from 1.3291 (R2) on Friday’s trading session forming a new low just below our support level at 1.3078 (S1). Now the price has found a strong support at 1.3078 (S1) if it falls below this level we can expect the price to continue its downward move as it is under bearish pressure and it seems to be heading towards our support levels. This bearish pressure can also be confirmed by the moving averages that have turned bearish. A break below that level would suggest a target of 1.3026 (S2). If price holds its momentum on the downside we can expect a further decline towards 1.2974 (S3). On the other hand, if the price does not manage to break below 1.3078 (S1) we can expect the pair to retest resistance at 1.3159 (S1) and a further rise will be limited to 1.3291 (R2).

--------------
GBPUSD : 1.56807 / 1.56817
DAILY WEEKLY MONTHLY



1.5882 | 1.5834 | 1.5778 | 1.5724
1.5655 | 1.5578 | 1.5531 | 1.5491

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD fell on Friday and was supported at 1.5655 (S1) a strong technical level .The price then rose and was able to break above Friday’s support and now it seems that the price is gaining momentum to the upside. A break above 1.5724 (R1) would suggest a target at 1.5778 (R2) and further rise will be limited to 1.5834 (R3). On the other hand a break below 1.5655 (S1) would suggest target at 1.5587 (S2).

-------------
USDJPY : 82.220 / 82.229
DAILY WEEKLY MONTHLY



83.97 | 83.69 | 83.25 | 82.63
81.90 | 81.31 | 80.94 | 80.58

SUMMARY : Up
TREND : Up trend
MA10 : Neutral
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY moved upwards and formed a new high at 82.63 and after that the price fell retesting Friday’s support level. A break below 81.90 (S1) we expect the price to retest 81.31 (S2) and further fall will then be limited at 80.94 (S3). On the other hand if the pair finds a strong momentum to the upwards we expect the price to retest 82.63 (R1) a significant level for the bulls as a break above that level will then focus on 83.25 (R2).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #27  
Old 13-03-2012, 08:44
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Default Daily Forex Market by FXCC 13Mar2012

Daily Forex Market by FXCC 13Mar2012

EUR/USD lower on BoJ, finds ground at 1.3150

EUR/USD is having a hit after BoJ announced its latest policy decision leaving rates on hold, and not implementing any new easing measures, which it seems has upset the market, sending equities lower and USD and yen higher. EUR/USD trades at 1.3159 as last after hitting fresh session lows at 1.3148, falling from highs at 1.3192.GBP/USD broke below 1.5650 support overnight, a level which had been tested on various occasions over the last few weeks. The pair managed to slide to a fresh 2-month low of 1.5601 before bounce to end the American session at 1.5640, down from 1.5673 late Friday.

AUD/USD is at a session high of 1.0555 versus an earlier low of 1.0504, quoted around 0.4% above its starting price this Tuesday.EUR/JPY is currently at session lows 108.29, falling from recent session and weekly highs at 108.52, touched twice during present session. Nikkei index trades to the upside regaining the 10000 points mark rising +1.18% for the day ahead of BoJ policy meeting later on, and following poor industrial data released earlier.
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UPCOMING EVENTS
2012-03-13 07:45 GMT | France Current Account (Jan)
2012-03-13 09:30 GMT | United Kingdom Trade Balance; non-EU (Jan)
2012-03-13 10:00 GMT | EU - ZEW Survey - Economic Sentiment (Mar)
2012-03-13 10:00 GMT | Germany ZEW Survey - Economic Sentiment (Mar)

FOREX NEWS
2012-03-13 05:47 GMT | EUR/USD lower on BoJ, finds ground at 1.3150
2012-03-13 05:09 GMT | Japan BoJ Interest Rate Decision steadies at 0.1%
2012-03-13 00:35 GMT | Australia National Australia Bank's Business Conditions up to 3 in Feb
2012-03-13 00:33 GMT | Australia Jan Home Loans -1.2%

---------------
EURUSD : 1.31672 / 1.31680
DAILY WEEKLY MONTHLY



1.3424 | 1.3362 | 1.3291 | 1.3192
1.3078 | 1.3025 | 1.2978 | 1.2951

SUMMARY : Down
TREND : Down trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD rise and formed a top at 1.3192 (R1). A break above that level would suggest target at 1.3291 (R2). On the other hand if the price does not manage to break above 1.3192 (R1) then we can expect a retest of the support level at 1.3078 (S1). A break below that level would suggest target at 1.3025 (S2).

--------------
GBPUSD : 1.56494 / 1.56510
DAILY WEEKLY MONTHLY



1.5882 | 1.5834 | 1.5769 | 1.5695
1.5601 | 1.5562 | 1.5513 | 1.5467

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Neutral
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD after forming a top (intraday) at 1.5695 (R1), fell in yesterday’s trading session forming a new low at 1.5601 (S1). A break below that level would suggest target at 1.5562 (S2) and further fall will be limited at 1.5513 (S3). On the other hand a break above 1.5695 (R1) we expect the price to retest 1.5769 (R2) and further rise will then be limited at 1.5834 (R3) leg correction to the downtrend.

-------------
USDJPY : 82.162 / 82.171
DAILY WEEKLY MONTHLY



83.61 | 83.28 | 82.97 | 82.63
81.95 | 81.46 | 81.14 | 80.58

SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY found a strong resistance at 82.63 (R1) and trapped in a trading range between the level of 82.63 (R1) and today’s low 81.95 (S1). A break above the first resistance would suggest a target of 82.97 (R2). If price holds its momentum on the upside we can expect a further rise towards 83.28 (R3). On the other hand, if the price does not manage to break above 82.63 (R1) we can expect the pair to retest first support at 81.95 (S1). A break below that level would suggest target at 81.46 (S2) and further decline will then be limited at 81.14 (S3).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #28  
Old 14-03-2012, 09:20
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Default Daily Forex Market by FXCC 14Mar2012

Daily Forex Market by FXCC 14Mar2012

EUR/USD weak in Asia below 1.3080

EUR/USD has been accelerating lower ahead of the London opening to just hit fresh weekly lows stalling its fall ahead of solid support area at 1.3030, lows from the first week of Feb.Support at 1.3050 failed to hold a fourth attempt at testing the area, triggering in the process an option barrier and stops clustered just underneath. If the next downside hurdle at 1.3030 is taken out, psychological round number 1.3000 will come into play ahead of 1.2975, Feb 16 low.

EUR/GBP sold off aggressively overnight, and is sitting above 0.8320 support at the moment, trading within a tight 0.8322-0.8332 intraday range so far this Wednesday after erasing nearly all of last week's gains in a singe day, losing around 1%.GBP/JPY is at 130.50 now, just 9 pips below session and weekly highs, little changed since Asian open, despite the fact USD/JPY is hitting yearly highs and highest since April 2011, because at the same time Cable is deep in the red around Tokyo and NY lows. The cross climbs +1.15% for the week so far, highest since August last year.
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UPCOMING EVENTS
2012-03-14 09:30 GMT | United Kingdom ILO Unemployment Rate (3M) (Jan)
2012-03-14 09:30 GMT | United Kingdom Claimant Count Change (Feb)
2012-03-14 10:00 GMT | European Monetary Union Consumer Price Index (MoM)
2012-03-14 10:00 GMT | European Monetary Union Industrial Production w.d.a.

FOREX NEWS
2012-03-14 04:33 GMT | Japan Industrial Production (YoY) -1.3% in Jan
2012-03-14 04:32 GMT | Japan Jan Capacity Utilization 3.4%
2012-03-14 01:08 GMT | USD/JPY at yearly highs above 83.00
2012-03-14 00:36 GMT | Australia 4Q Housing Starts (QoQ) -6.9%

---------
EURUSD : 1.30410 / 1.30419
DAILY WEEKLY MONTHLY



1.3325 | 1.3291 | 1.3192 | 1.3078
1.3025 | 1.2978 | 1.2951 | 1.2913

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD fell below our yesterday’s support and the traders that didn’t close their positions last night made a profit of 36 pips! The traders that closed their positions last night they broke even. The pair is under bearish pressure, this is very clear, as both of our Moving Averages are aggressive towards the price trading above it. Our recommendation for today’s trading session is short at 1.3025 (S1) targeting second support level at 1.2978 (S2) and further decline will then focus on 1.2951 (S3). A stop loss should be placed at 1.3078 (R1).

---------
GBPUSD : 1.56532 / 1.56549
DAILY WEEKLY MONTHLY



1.5943 | 1.5882 | 1.5769 | 1.5695
1.5601 | 1.5575 | 1.5523 | 1.5478

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The GBPUSD rose on Tuesday and closed above yesterday’s resistance giving us a small profit of 19 pips. After that the price fell sharply and formed a bottom around 1.5660. We expect the price to continue its downward move as it is under bearish pressure (daily). This is also supported by the fact that both of our Moving Averages turned bearish and are moving above the price. Look for short positions in today’s trading session targeting 1.5601 (S1) and 1.5575 (S2). A stop loss should be placed above 1.5695 (R1).

---------
USDJPY : 83.169 / 83.178
DAILY WEEKLY MONTHLY



84.91 | 84.69 | 84.15 | 83.61
82.63 | 81.95 | 81.46 | 81.14

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY rise in yesterday’s trading session and broke upwards from the intraday trading range and gained a small profit of 39 pips! After that the price continued to rise towards our second resistance level. If we take a look on the intraday chart we can see that the pair is gaining strong momentum to the upside as we can also observe that the Moving Averages are providing a strong support to the pair. We remain long on our positions targeting 83.61 (R1) and further rise will then focus on 84.15 (R2). A stop loss should be placed at 82.63 (S1).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #29  
Old 15-03-2012, 10:01
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Default Daily Forex Market by FXCC 15Mar2012

Daily Forex Market by FXCC 15Mar2012

EUR/USD on the bounce from fresh 3-week lows

EUR/USD is on the bounce from fresh 3-week lows at 1.3003 since Hong Kong opened, rising a modest +0.23%, sending the pair back to previous NY close prices, and yesterday's Asian trade lows, around 1.3035.The Japanese yen is tumbling against a formidable U.S. dollar Thursday, seen gaining on its major trading counterparts across the board in the Asia-Pacific. USD/JPY is quoted in the 84.15 price zone, having pushed above psychological resistance at the 84.00 figure in recent minutes.

EUR/AUD is currently at 1.2454, trading at same exact price as it was doing 2 weeks ago during Feb 23, and earlier on by Jan 25 and 05 when for first time was heading lower to all time record lows at 1.2131. EUR/JPY is currently pushing lower at 109.44 off recent session and 12-day high at 109.63, just 11 pips below of that first multi month high Feb 27 post BoJ intervention late October past year.
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UPCOMING EVENTS
2012-03-15 08:30 GMT | Switzerland SNB Interest Rate Decision
2012-03-15 09:00 GMT | European Monetary Union ECB Monthly Report
2012-03-15 10:00 GMT | EU - Employment Change (QoQ) (Q4)
2012-03-15 10:00 GMT | EU - Employment Change (YoY) (Q4)

FOREX NEWS
2012-03-15 00:58 GMT | EUR/USD consolidates above 1.3000, support at 1.2970
2012-03-15 00:43 GMT | Australia Feb New Motor Vehicle Sales (YoY) 1.7%
2012-03-15 00:34 GMT | Australia New Motor Vehicle Sales (MoM) 0% in Feb
2012-03-15 00:00 GMT | Australia Consumer Inflation Expectation 2.7% in Mar

---------
EURUSD : 1.30455 / 1.30465
DAILY WEEKLY MONTHLY



1.3344 | 1.3291 | 1.3192 | 1.3078
1.3000 | 1.2955 | 1.2912 | 1.2870

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD the pair formed a high at 1.3291 (R3) then fell for 4 consecutive days and formed a bottom at 1.3000 (S1) a significant technical and psychological level. A break below that level will confirm our short positions targeting 1.2955 (S2) and a further fall with then be limited to 1.2912 (S3). On the other hand if the price manages to stay above the 1.3000 (S1) level we expect a retest of 1.3078 (R1) and if a break happens above that level we expect the price to move towards next upwards objective at 1.3192 (R2) and to give a "big breather" to the bulls as the 1.3000s levels are crucial to them.

---------
GBPUSD : 1.56542 / 1.56558
DAILY WEEKLY MONTHLY



1.5871 | 1.5834 | 1.5788 | 1.5744
1.5601 | 1.5574 | 1.5521 | 1.5486

SUMMARY : Down
TREND : Down trend
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD made a sharp move upwards and successfully broke above our resistance level of 1.5695 ending our day with a loss (-45 pips). After that the price fell and now seems to be moving closer to our supports levels. A break below 1.5601 (S1) would suggest a target at 1.5574 (S2). On the other hand if the pair gains momentum upwards we expect the price to retest the 1.5744 (R1) level. Look for short positions below 1.5600 levels.

---------
USDJPY : 83.823 / 83.831
DAILY WEEKLY MONTHLY



85.29 | 84.93 | 84.69 | 84.17
83.57 | 82.63 | 81.95 | 81.46

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

USDJPY rise and successfully penetrated our second and third resistance confirming short position towards our targets at 84.15 gaining 95 pips of profit!!! After forming a top at our resistance level at 84.17 (R1) the price began to fall this morning and was able to come close to yesterday’s support level at 83.57 (S1). A break below that level would suggest a target at 82.63 (S2). On the other hand a break above 84.17 (R1) would suggest target at 84.69 (R2).


Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #30  
Old 16-03-2012, 10:43
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Default Daily Forex Market by FXCC 16Mar2012

Daily Forex Market by FXCC 16Mar2012

EUR/USD limited below 1.3100 awaits US CPI

EUR/USD is currently resting over its ascending short term trend line started yesterday at the fresh 3-week lows 1.3003, from where it has bounced as high as 1.3120 yesterday's highs during mid NY session. The pair has pull backed since then to current session lows at 1.3066, now being in the mid price of Asian session with highs so far at 1.3100 round.

AUD/JPY spent the whole of the Asia-Pacific session consolidating below the 88.00 handle, operating within a very tight range between 87.65 and 87.99, last quoted near the top of the range at 87.95, unchanged from the daily opening.he bid tone remains ever present in AUD/CAD following its overnight bounce from 3-month lows. After respecting dynamic support at the 200-day EMA and posting its first daily gain in 9 sessions on Thursday, the pair is inching higher into the 1.0460 area, now quoted just off yesterday's 1.0463 peak.
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UPCOMING EVENTS
2012-03-16 12:30 GMT | US - Consumer Price Index (MoM) (Feb)
2012-03-16 12:30 GMT | US - Consumer Price Index (YoY) (Feb)
2012-03-16 12:30 GMT | US - Consumer Price Index Ex Food & Energy (MoM)
2012-03-16 12:30 GMT | US - Consumer Price Index Ex Food & Energy (YoY)

FOREX NEWS
2012-03-16 05:51 GMT | EUR/USD limited below 1.3100 awaits US CPI
2012-03-16 05:06 GMT | Japan Jan Coincident Index decreases to 92.7
2012-03-16 03:48 GMT | Forex: EUR/JPY threatening a push below 109.00
2012-03-16 02:32 GMT | Forex: AUD/CAD bid; resistance at 1.0485

---------
EURUSD : 1.30899 / 1.30909
DAILY WEEKLY MONTHLY



1.3347 | 1.3291 | 1.3192 | 1.3119
1.3000 | 1.2954 | 1.2912 | 1.2870

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The EURUSD formed a top yesterday at 1.3119 (R1) and now it seems it is moving downwards to retest the support levels. The pair is at a crucial level as, if it breaks above the first resistance we expect the price to form a correction towards 1.3192 (R2) and then to continue its downward move (daily). Our recommendation for today’s session is - no position, we remain flat, until we see the reaction of the price and a clearer trend developing.

---------
GBPUSD : 1.57157 / 1.57173
DAILY WEEKLY MONTHLY



1.5874 | 1.5834 | 1.5788 | 1.5744
1.5601 | 1.5574 | 1.5521 | 1.5486

SUMMARY : Neutral
TREND : Neutral
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The GBPUSD rise and closed just below our first resistance at 1.5711. After that the price fell and is now moving in a consolidation mode. By the time that the price retested our resistance level 3 times without succeeding to break above that this will keep us flat for today not risking a break below 1.5600 or above 1.5750 levels, as both of these levels are significant technical and psychological important. Our recommendation for today’s trading session is no position until we see which of the bulls or the bear will win the battle.

---------
USDJPY : 83.456 / 83.461
DAILY WEEKLY MONTHLY



85.46 | 84.98 | 84.69 | 84.17
83.18 | 82.63 | 81.95 | 81.46

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The USDJPY fell from 84.17 (R1) and formed a low at 83.18 (S1) after which the price rebounded from that level this morning and now it seems that it is moving upwards. A break above the first resistance level of 84.17 (R1) would suggest a target and retest of 84.69 (R2). If the price holds its momentum on the upside we can expect a further rise towards 84.98 (R3). On the other hand, if the price does not manage to break above 84.17 (S1) we can expect the pair to retest support at 83.18 (S1) and a further fall will be limited to 82.63 (S2).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #31  
Old 19-03-2012, 09:10
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Default Daily Forex Market by FXCC 19Mar2012

Daily Forex Market by FXCC 19Mar2012

EUR/USD in tight range above 1.3000 level during Asia

EUR/USD keeps trading in late Asia-Pacific quite limited at 1.3169 between highs at 1.3186 and lows at 1.3162 for all session being so far in the start of the week. GBP/USD is holding onto Friday's firm gains as trading gets underway this Monday, last at 1.5840 versus 1.5830 at the end of trading in NY, having traded a tight 1.5828/50 range so far today. After reaching an 11-month high of 84.17 last week, USD/JPY has pulled back and now trades, at 83.50 in Asia, up from 83.37 at the end of trading late Friday. To the downside, support levels lie at 83.40, 83.10 and 82.80, while, to the upside, resistance levels lie at 83.80, 84.15 and 84.50.

AUD/USD climbed to a 6-day high of 1.0614 Monday in the Asia-Pacific, last quoted around the 1.0600 mark from 1.0580 as it drifts sideways as RBA Governor Stevens' speaks at the Asian investment conference.The New Zealand dollar touched a 7-day high against the greenback on Monday, jumping to 0.8274 from 0.8234 late in the New York session on Friday. Last at 0.8256, resistance is noted at 0.8320 (27 Feb low), while support lies at 0.8192 (22 June high).
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UPCOMING EVENTS
2012-03-19 09:00 GMT | European Monetary Union Current Account s.a (Jan)
2012-03-19 09:00 GMT | European Monetary Union Current Account n.s.a (Jan)
2012-03-19 09:00 GMT | Italy Industiral Orders n.s.a (YoY) (Jan)
2012-03-19 10:00 GMT | European Monetary UnionConstruction Output s.a (Jan)

FOREX NEWS
2012-03-19 05:26 GMT | EUR/USD in tight range during Asia
2012-03-19 05:11 GMT | AUD/USD hovers around 1.0600 as Stevens speaks
2012-03-19 00:31 GMT | GBP/USD consolidating below 1.5850
2012-03-19 00:01 GMT | USD/JPY dowside limited while above 83.10

---------
EURUSD : 1.31686 / 1.31694
DAILY WEEKLY MONTHLY



1.3378 | 1.3324 | 1.3273 | 1.3189
1.3119 | 1.3048 | 1.3003 | 1.2954

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Neutral
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

After the EURUSD formed a bottom 1.3003 (S3) the pair rose and penetrated upwards all of our resistance levels forming a new high (intraday) at 1.3189 (R1). If it breaks above that level we can expect a target at 1.3273 (R2). On the other hand if a break occurs below the first support at 1.3119 (S1) expect the price to retest 1.3048 (S2) and any further fall will then be limited to 1.3003 (S3) a strong technical and psychological level for the bulls as it has been retested in the past (Feb. 2012) without succeeding to break below it.

---------
GBPUSD : 1.58431 / 1.58447
DAILY WEEKLY MONTHLY



1.5997 | 1.5967 | 1.5912 | 1.5861
1.5787 | 1.5734 | 1.5654 | 1.5605

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The GBPUSD gained momentum and rose forming a new top at 1.5861 and after then fell and since last night is moving in a consolidation mode. If a break occurs above the first resistance level at 1.5861 (R1) it would suggest a target at 1.5912 (R2) and any further rise will then be limited to 1.5967 (R3). If it fails to break above the first resistance level we expect the price to retest 1.5787 (S1). A break below that level would suggest a target at 1.5734 (S2) and any further fall with then focus on 1.5654 (S3).

---------
USDJPY : 83.369 / 83.379
DAILY WEEKLY MONTHLY



84.92 | 84.57 | 84.18 | 83.81
83.17 | 82.58 | 81.94 | 81.14

SUMMARY : Up
TREND : Up trend
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY has been moving upwards since the beginning of March and the bulls face a major hurdle at the 84.18 level (resistance), a level that is significant both psychologically and technically. A break above 83.81 (R1) would suggest a target at 84.18 (R2) a year high. On the other hand a break below 83.17 and we expect the price to retest 82.58 (S2) and any further fall with then be limited to 81.96 (S3).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #32  
Old 20-03-2012, 09:51
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Default Daily Forex Market by FXCC 20Mar2012

Daily Forex Market by FXCC 20Mar2012

GBP/USD pressured ahead of key CPI data

EUR/USD has been on corrective mode all Asian trade long, printing lows at 1.3225 and highs at 1.3243, last at 1.3231. Local share markets are mostly in the red, with Japan on holiday, following gas prices rising in China, and comments from BHP on slowing iron demand from China, which has sent Aussie lowest for the week, triggering some USD rally across the board. Oil and gold also trade at session lows while these lines are being written.GBP/USD traded down to 1.5865 during the Asia-Pacific session Tuesday, as risk appetite waned and investors favored the safety of the US dollar as Asian stocks traded in red.

AUD/USD has come under renewed selling pressure in Asia as traders react negatively to comments from an executive at BHP, sliding sharply from it session high of 1.0623 to a fresh session low of 1.0575 and threatening to edge lower.
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UPCOMING EVENTS
2012-03-20 07:00 GMT | Germany Producer Price Index (YoY) (Feb)
2012-03-20 07:00 GMT | Germany Producer Price Index (MoM) (Feb)
2012-03-20 09:30 GMT | United Kingdom Consumer Price Index (YoY) (Feb)
2012-03-20 09:30 GMT | United Kingdom Retail Price Index (YoY) (Feb)

FOREX NEWS
2012-03-20 05:31 GMT | EUR/USD in corrective mode above 1.3220 in Asia
2012-03-20 05:25 GMT | GBP/USD pressured ahead of key CPI data
2012-03-20 02:31 GMT | EUR/AUD hit fresh 5-day highs above 1.2510
2012-03-20 02:11 GMT | AUD/USD back under pressure on BHP comments

---------
EURUSD : 1.32332 / 1.32343
DAILY WEEKLY MONTHLY



1.3421 | 1.3378 | 1.3324 | 1.3264
1.3189 | 1.3119 | 1.3048 | 1.3003

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

EURUSD rise from 1.3150 and made a sharp move upwards breaking above our yesterday’s resistance level and closing just below of our recommended target ending our day with profits (+48 pips)!! After the price formed a top at 1.3264 (R1), the price fell and now is moving above our first support level. We expect the price to move upwards and retest the March high at 1.3264 (R1). Look for long positions at 1.3264 targeting 1.3291 (R2). A stop loss should be placed at 1.3224.

---------
GBPUSD : 1.58690 / 1.58706
DAILY WEEKLY MONTHLY



1.6034 | 1.5997 | 1.5967 | 1.5913
1.5819 | 1.5734 | 1.5654 | 1.5605

SUMMARY : Up
TREND : Up trend
MA10 : Neutral
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD gained momentum in yesterday’s session and formed a higher bottom and top, successfully penetrating yesterday's target ending our day with 36 pips of profit! After that the price found a strong resistance at 1.5913 (R1), a yearly high. We expect the price to move upwards but only a break above 1.5913 (R1) will give as a confirmation for long positions targeting 1.5967 (R2).

---------
USDJPY : 83.434 / 83.442
DAILY WEEKLY MONTHLY



84.92 | 84.57 | 84.18 | 83.81
83.00 | 82.58 | 81.94 | 81.14

SUMMARY : Neutral
TREND : Sideway
MA10 : Bullish
MA20 : Neutral
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The USDJPY trapped in the 83.00 – 83.81 range. A break in either direction will determine the trading bias in today`s session. A break below 83.00 will confirm our short positions targeting 82.58 (S2) and a further fall will be limited to 81.94 (S3). On the other hand, if the pair breaks above the first resistance level of 83.81 (R1), we would expect the price to retest 84.18 (R2) a year high and further rise will then focus at 84.57 (R3).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #33  
Old 21-03-2012, 10:05
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Default Daily Forex Market by FXCC 21Mar2012

Daily Forex Market by FXCC 21Mar2012

EUR/USD ends Asian trade above Monday highs

EUR/USD is currently at 1.3267 retreating from session highs at 1.3283, highest since March 08, still up for the session +0.30% and +0.71% for the week. European futures point for a higher open following the run up in US futures in after hours, and the rise in commodities during the Asian trade, although local share markets have traded in a mixed way with mostly all indexes in the red, Nikkei lower near session lows by -0.59%.At the start of trading this Wednesday, USD/JPY is trading a tight 83.52-83.72 range, last at 83.60 with support levels noted at 83.30, 83.10 and 82.80, while resistance is seen at 83.80, 84.15 and 84.45.

AUD/USD has given up all of its earlier gains this Wednesday in Asia, coming off hard from its 1.0525 intraday high to levels back near its starting price at 1.0477.After consolidating above the 0.8300 handle for the last week, EUR/GBP has recently broken to the upside and has risen to a 6-day high of 0.8358 this Wednesday in Asia, last quoted at 0.8355, up 20 pips above its opening price.
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UPCOMING EVENTS
2012-03-21 09:30 GMT | United Kingdom Bank of England Minutes
2012-03-21 09:30 GMT | United Kingdom Public Sector Net Borrowing (Feb)
2012-03-21 12:00 GMT | Canada Leading Indicators (MoM) (Feb)
2012-03-21 13:30 GMT | United States Fed's Bernanke Speech

FOREX NEWS
2012-03-21 05:45 GMT | EUR/USD ends Asian trade above Monday highs
2012-03-21 05:36 GMT | GBP/USD limited below 1.5900 ahead of Europe
2012-03-21 02:50 GMT | EUR/GBP climbs to 6-day high near 0.8360
2012-03-21 02:09 GMT | EUR/JPY limited below 111.00 figure

-------------
EURUSD : 1.32737 / 1.32747
DAILY WEEKLY MONTHLY



1.3421 | 1.3378 | 1.3324 | 1.3283
1.3235 | 1.3189 | 1.3119 | 1.3048

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD gained momentum and formed a higher top, successfully penetrating yesterday's resistance making a new high at 1.3283 (R1). The pair is moving upwards and we expect the price to continue its uptrend but only a break above 1.3283 (R1) will give as a confirmation for long positions targeting 1.3324 (R2). As far as the price is below 1.3283 (R1) we remain flat.

--------------
GBPUSD : 1.58827 / 1.58836
DAILY WEEKLY MONTHLY



1.6034 | 1.5997 | 1.5967 | 1.5913
1.5819 | 1.5734 | 1.5654 | 1.5605

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

GBPUSD fell on yesterday’s trading session and was supported at 1.5819 (S1) a strong technical level. The price then rose and was able to close in the middle of first support and resistance level and now it seems that the price is gaining momentum. A break above 1.5913 (R1) would suggest a target at 1.5967 (R2) and further rise will be limited at 1.5997 (R3). Look for long positions at 1.5913 targeting recommended resistance levels.

-------------
USDJPY : 83.682 / 83.689
DAILY WEEKLY MONTHLY



84.92 | 84.57 | 84.18 | 83.81
83.00 | 82.58 | 81.94 | 81.14

SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The USDJPY didn’t made any significant moves in yesterday’s trading session and is still trapped in the 83.00 – 83.81 range. A break in either direction will determine the trading bias in today`s session. A break below 83.00 will confirm our short positions targeting 82.58 (S2) and a further fall will be limited to 81.94 (S3). On the other hand, if the pair breaks above the first resistance level of 83.81 (R1), we would expect the price to retest 84.18 (R2) a year high and further rise will then focus at 84.57 (R3).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #34  
Old 22-03-2012, 07:56
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Default Daily Forex Market by FXCC 22Mar2012

Daily Forex Market by FXCC 22Mar2012

GBP/USD bracketed between 1.5855/82 ahead of key UK data

EUR/USD is currently at 1.3230 slightly off session highs, before worse than expected Chinese PMI figures came out at 48.1. The Euro has been relatively well supported specially against AUD given the risk-off round in the Asia-Pacific market after the PMI data, lifting EUR/AUD to fresh 2012 highs at 1.2737. The pair holds onto +0.19% gains since session started, still below 0.618 retrace of yesterday's leg down 1.3285/1.3178. GBP/USD traded a limited range between 1.5855 and 1.5882 during the Asia-Pacific session, last quoted just a few pips below its starting price this Thursday at 1.5867.In the European session ahead, risk event for the Pound will be February UK Retail Sales data due for release at 0930 GMT, considered one of the most important consumer indicators.

The Australian dollar (AUDJPY) is sliding across the board this Thursday in Asia after a surprisingly weak reading of China's HSBC Flash PMI, reigniting concerns of a sharp slowdown in the world's second largest economy, shrinking in March for a fifth successive month to 48.1. The EURJPY after remaining well on course for the 111.57 intervention high, the pair had a violent turnaround on Wednesday, courtesy of heavy yen buying across the board, taking the rate as low as 110.03 post NY close and even extending to new lows at 109.87 post trade balance results in Japan, which came better than expected due to an increase in US car sales and steel exports.
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UPCOMING EVENTS
2012-03-22 09:00 GMT | EU Purchasing Manager Index Manufacturing (Mar) Preliminar
2012-03-22 09:00 GMT | EU Purchasing Manager Index Services (Mar) Preliminar
2012-03-22 09:30 GMT | United Kingdom Retail Sales (YoY) (Feb)
2012-03-22 09:30 GMT | United Kingdom Retail Sales ex-Fuel (YoY) (Feb)

FOREX NEWS
2012-03-22 06:01 GMT | EUR/USD at session highs in late Asia
2012-03-22 04:14 GMT | USD/JPY still above 83.00
2012-03-22 02:30 GMT | China HSBC Manufacturing PMI declines to 48.1 in Mar
2012-03-22 00:03 GMT | Japan: Feb Merchandise Trade Balance surprisingly srtong at Y32.9B

----------------
EURUSD : 1.32450 / 1.32459
DAILY WEEKLY MONTHLY



1.3343 | 1.3371 | 1.3325 | 1.3284
1.3177 | 1.3119 | 1.3048 | 1.3003

SUMMARY : Neutral
TREND : Sideway
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD has been moving upwards since the middle of March and the bulls face a major hurdle at the 1.3284 level (resistance), a level that is significant both psychologically and technically. A break above 1.3284 (R1) would suggest a target at 1.3325 (R2) and further rise will then be limited at 1.3371 (R3). On the other hand if the price manages to stay below our first resistance level then we expect the price to retest 1.3177 (S1) and a break below that level the expected target is at 1.3119 (S2).

-----------------
GBPUSD : 1.58725 / 1.58738
DAILY WEEKLY MONTHLY



1.6048 | 1.5995 | 1.5968 | 1.5913
1.5816 | 1.5734 | 1.5654 | 1.5605

SUMMARY : Neutral
TREND : Sideway
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The GBPUSD rise and find a strong resistance at 1.5913 (R1) and after that it trapped in a trading range between this level and 1.5816 (S1). A break in either direction will determine our trading bias for today. A break below 1.5816 (S1), the expected target is at 1.5734 (S2). On the other hand if the pair gain momentum to the upwards and breaks above 1.5913 (R1) would suggest target at 1.5968 (R2).

------------
USDJPY : 83.300 / 83.306
DAILY WEEKLY MONTHLY



85.72 | 85.21 | 84.67 | 84.18
83.00 | 82.58 | 81.94 | 81.51

SUMMARY : Neutral
TREND : Sideway
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The USDJPY retested the 84.18 twice without succeeding to break above it with a result to trapped in a trading range between 84.18 (R1) and 83.00 (S1). A break below 83.00 (S1) would suggest target at 82.58 (S2) and further fall will then be limited at 81.94 (S3). On the other hand if the price rises from the current level we expect to retest first resistance for third time. Look for short positions at 83.00 level targeting support levels.

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #35  
Old 23-03-2012, 09:29
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Default Daily Forex Market by FXCC 23Mar2012

Daily Forex Market by FXCC 23Mar2012

EUR/USD little changed in Asia holds at 1.3200

EUR/USD is trading at 1.3200 as last, entering the final hours of the Asia-Pacific session slightly off from highs around 1.3211/13 and still limited below 0.5 retrace of yesterday's European morning sell off. The pair has seen little movement in current session with less than 20 pips range from bottom to top. Local share markets trade mostly in the big red, with US futures slightly above yesterday's highs pointing for a modest recovery in European equity markets.The pound took a massive hit on risk aversion on Thursday following the release of weaker-than-expected UK retail sales data, suggesting continued weakness from consumers.GBP/USD reached 1.5770 before bouncing higher, ending the NA session at 1.5819, down from 1.5871.

After a sharp drop to a 2-week low of 85.35 overnight, AUD/JPY has been relatively bid this Friday, climbing to a session high of 86.23 from 85.70 at the Asian open.AUD/USD holds a bid tone this Friday in early Asia following its drop to a two-month low of 1.0335 overnight, having fell alongside stocks and commodities. The bull pressure suggests that a correction is underway, and the pair has risen to levels above 1.0400.
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UPCOMING EVENTS
2012-03-23 09:30 GMT | United Kingdom BBA Mortgage Approvals (Feb)
2012-03-23 11:00 GMT | Canada Consumer Price Index (MoM) (Feb)
2012-03-23 11:00 GMT | Canada Bank of Canada Consumer Price Index Core
2012-03-23 11:00 GMT | Canada Consumer Price Index (YoY) (Feb)

FOREX NEWS
2012-03-23 04:54 GMT | EUR/USD little changed in Asia holds above 1.3200
2012-03-23 03:40 GMT | AUD/JPY climbs above 86.00
2012-03-23 00:28 GMT | AUD/USD back above 1.0400
2012-03-23 00:01 GMT | UK Nationwide Consumer Confidence falls to 44 in Feb


EURUSD : 1.31981 / 1.31990
DAILY WEEKLY MONTHLY



1.3371 | 1.3325 | 1.3284 | 1.3213
1.3177 | 1.3133 | 1.3048 | 1.3003

SUMMARY : Down
TREND : Down trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The EURUSD fell and formed a new bottom at 1.3133 (S2). After that the price rebounded and was able to break above yesterday’s resistance and it seems it will re-test a high soon. A break above the first resistance at 1.3213 (R1) would suggest a target of 1.3284 (R2). If price holds its momentum on the upside we can expect a further rise towards 1.3325 (R3). On the other hand, if the price does not manage to break above 1.3213 (R1) we can expect the pair to retest support at 1.3177 (S1) and a break below that level would suggest target at 1.3133 (S2).

GBPUSD : 1.58144 / 1.58163
DAILY WEEKLY MONTHLY



1.6013 | 1.5968 | 1.5913 | 1.5831
1.5784 | 1.5734 | 1.5654 | 1.5605

SUMMARY : Down
TREND: Down trend
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD made a high at 1.5913(R2) as it continued its move upwards since middle of March. A break above 1.5831 (R1) would suggest March high at 1.5913 (R1) a level that has been retested twice but without managing to break above it. On the other hand a break below 1.5784 (S1) would suggest target at 1.5734 (S2) and further fall will then be limited at 1.5654 (S3).

USDJPY : 82.761 / 82.769
DAILY WEEKLY MONTHLY



84.57 | 84.18| 83.44 | 83.00
82.32 | 81.94 | 81.51 | 81.00

SUMMARY : Down
TREND : Down trend
MA10 : Neutral
MA20 : Bullish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

USDJPY moved downwards and successfully penetrated our yesterday’s support forming a new low at 82.32 (S1) and after that rise and closed below of our first resistance. The pair is under bearish pressure since the price made a high at 84.15 (R3) and retested it twice without succeeding to break above it with a resulting reversal and downwards move. A break below the 82.32 (S1) level would suggest a target at 81.94 (S2) and a further fall will then focus on 81.51 (S3). We believe the pair will continue the downward move and will find a strong support at 81.00 (S4) a significant technical and psychological level.

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #36  
Old 26-03-2012, 08:29
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Default Daily Forex Market by FXCC 26Mar2012

Daily Forex Market by FXCC 26Mar2012

GBP/USD threatening to test bids below 1.5850

GBP/USD dropped from an earlier high of 1.5880 to a recent session low of 1.5850 ahead of the European opening, last quoted near the bottom of the range at 1.5855, recording a 0.9% loss so far this Monday.USD/JPY held firm on Monday in the Asia-Pacific, trading up to 82.76 from 82.40 past Friday, last at 82.68, up 0.4% on the day. Technically speaking, overall, the pair is retreating from recent multi-month highs in the 84.15 zone and may be looking to correct lower.UR/USD is currently breaking to fresh session lows last at 1.3259, lower from previous weekly close past Friday 10 pips above, with session highs at 1.3285

GBP/JPY is currently at 131.28, near session highs 10 pips above, and still below Friday's highs at 131.50. The cross is up +0.45% since last week's close, with Cable slightly lower from same close, and USD/JPY at session highs above 82.50.
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UPCOMING EVENTS
2012-03-26 08:00 GMT | Germany IFO - Business Climate (Mar)
2012-03-26 08:00 GMT | Germany IFO - Current Assessment (Mar)
2012-03-26 08:00 GMT | Germany IFO - Expectations (Mar)
2012-03-26 n/a | United Kingdom Nationwide Housing Prices n.s.a (YoY)

FOREX NEWS
2012-03-26 02:11 GMT | GBP/JPY near session highs above 131.20
2012-03-26 02:02 GMT | AUD/USD back below 1.0450
2012-03-26 00:46 GMT | GBP/USD capped below 1.5880 in Asia
2012-03-26 00:12 GMT | USD/JPY inching higher, hits 82.70


EURUSD : 1.32552 / 1.32558
DAILY WEEKLY MONTHLY



1.3441 | 1.3382 | 1.3325 | 1.3284
1.3220 | 1.3177 | 1.3133 | 1.3048

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis
EURUSD formed a high at 1.3284 (R1) profiting on all our targets recommended in yesterday’s analysis gaining a total of 71 pips!! After that the pair fell and it now seems that it is going to retest 1.3284 (R1) soon, a level that have been retest 3 times in the past (March). A break above that level will be suggesting target at 1.3325 (R2) and further rise will then be limited at 1.3382 (R3). On the other hand if price manage to break below 1.3220 (S1) we will then expect the price to retest 1.3177 (S2) and then further fall will then approach towards 1.3133(S3).


GBPUSD 1.58548 / 1.58562
DAILY WEEKLY MONTHLY



1.6054 | 1.6013 | 1.5968 | 1.5913
1.5817 | 1.5769 | 1.5728 | 1.5654

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis
The GBPUSD rise and retested for third time our resistance level at 1.5913 (R1) without succeeding to break above it ending our day with half portion of profits (41 pips). We except the price to continue its upward move as it is under bullish pressure at the moment (both of our MA are bullish) and it seems to be breaking above 1.5913 (R1) a strong technical and psychological level. A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 1.5913 (R1) targeting 1.5968 (R2). A stop loss should be placed below 1.5860.


USDJPY : 82.654 / 82.660
DAILY WEEKLY MONTHLY



84.69 | 84.18 | 83.44 | 83.00
82.32 | 81.94 | 81.51 | 81.08

SUMMARY : Down
TREND : Down trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Oversold


MARKET ANALYSIS - Intraday Analysis
USDJPY fell sharply and formed a strong support level close to 81.94 (S2). Following that the price rebounded and broke above our Friday’s support and now is moving between that level and 83.00 level. A break above that level we suggest further rise towards 83.44 (R2) and further rise will then focus on next target at 84.18 (R3). On the other hand if the price manages to stay below our first resistance level of 83.00 (R1) then we expect the price to retest 82.32 (S1) and a break below that level then the expected target is at 81.94 (S2).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #37  
Old 27-03-2012, 07:59
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Default Daily Forex Market by FXCC 27Mar2012

Daily Forex Market by FXCC 27Mar2012

EUR/USD breaking below 1.3360 in late Asia

EUR/USD is currently at 1.3350 retreating from a double intraday high at 1.3366, right below 0.23 retrace of latest leg down 1.3485/1.3003, and Feb 27 lows. Just 10 pips now below its opening price in Asia-Pacific, the pair has been in a quiet range all session long, with highs around same price NY close.After a timid break out above 83.00, USDJPY handle reaching 2-day highs at 80.03 highest since past Thursday, minutes before Tokyo opening, the pair is back to previous opening prices, last at 82.84. The pair still trades above weekly opening prices by some +0.52%.

EUR/JPY is back trading near its starting price after threatening the 111.00 mark this Tuesday. Coming off a sharp overnight rally into the 110.60 price zone, the pair managed to reach a 4-day high of 110.91 earlier in the Asia-Pacific, but has since retreated and is now quoted just above session lows at 110.55, 5 pips below its starting price. Beyond the 111.00 psychological figure, resistance is noted at 111.41 (21 March high), while EUR/JPY may encounter support at 109.91 (27 Feb high).
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https://support.fxcc.com/email/technical/27032012/


UPCOMING EVENTS
2012-03-27 07:30 GMT | Sweden Producer Price Index (MoM) (Feb)
2012-03-27 07:30 GMT | Sweden Trade Balance (MoM) (Feb)
2012-03-27 13:00 GMT | United StatesS&P/Case-Shiller Home Price Indices (YoY)
2012-03-27 14:00 GMT | United States Consumer Confidence (Mar)

FOREX NEWS
2012-03-27 04:34 GMT | EUR/USD breaking below 1.3350 in late Asia
2012-03-27 02:26 GMT | EUR/JPY struggling to take out 111.00
2012-03-27 00:41 GMT | AUD/JPY struggling below 87.50
2012-03-27 00:20 GMT | GBP/USD limited below 1.5970


EURUSD : 1.33518 / 1.33524
DAILY WEEKLY MONTHLY



1.3551 | 1.3487 | 1.3413 | 1.3368
1.3284 | 1.3220 | 1.3133 | 1.3048

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis
EURUSD moved upwards in yesterday’s trading session and successfully penetrated our second resistance forming a new top at 1.3368 (R1) profiting a total of 41 pips!! The pair is under bullish pressure since the price made a low at 1.3000 levels, it formed a higher bottoms and higher tops, breaking with success above 1.3180 with a result of a trend reversal (intraday) - uptrend. A break above the 1.3375 level would suggest a target at 1.3413 (R2) and a further rise will then focus on 1.3487 (R3) a significant strong technical level. Look for long positions above 1.3368 targeting resistance levels (R1 and R2). A stop loss should be placed above 1.3284 (S1).

GBPUSD : 1.59617 / 1.59630
DAILY WEEKLY MONTHLY



1.6147 | 1.6091 | 1.6046 | 1.5973
1.5907 | 1.5817 | 1.5769 | 1.5728

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis
GBPUSD rise from 1.5875 and made a sharp move upwards breaking above our yesterday’s resistance level and closing just above of our recommended target ending our day with profits (+55 pips)!! The pair is in a crucial moment as a break above 1.5980 February high, it will determine our trading bias targeting 1.6046 (R2). Look for long positions above first resistance targeting 1.6046 (R2). A stop loss should be placed above 1.5907 (S1).

USDJPY : 82.831 / 82.839
DAILY WEEKLY MONTHLY



84.69 | 84.18 | 83.44 | 83.00
82.32 | 81.94 | 81.51 | 81.08

SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis
USDJPY didn’t made any significant moves yesterday as it traded in a trading range between the 83.00 (R1) and 82.32 (S1) support level. We remain flat on USDJPY until we see in which direction it will move to develop a clear uptrend or a downtrend with more reliable support and resistance levels. No position.

Source: FX Central Clearing Ltd, (http://www.fxcc.com)
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  #38  
Old 28-03-2012, 08:06
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Default 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).
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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)
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  #39  
Old 29-03-2012, 08:39
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Default 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.
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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.

-------------
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)
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  #40  
Old 30-03-2012, 09:22
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Default 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.
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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)
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