Update - Daily Technical Levels from FXCC - page 17
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Daily Forex Market by FXCC 31Jan2012
Daily Forex Market by FXCC 31Jan2012
MARKET OVERVIEW – JANUARY 31 2012
Futures traders increase net shorts on the euro-dollar
The yen appreciated by 1% to 100.34 per euro by 5 p.m. New York time on Monday evening having earlier touched 99.99, the lowest level witnessed since Jan. 23. The Japanese currency strengthened 0.5 percent to 76.35 per dollar, reaching 76.22. Traders will recall that the yen touched 75.35 yen on Oct. 31st, this set a post World War II record low. After falling below 76.50 and reaching a 3-month low at 76.20, USD/JPY was unable to bounce above the 76.30 level and has been trading trapped in a tight range between 76.25 and 76.30. Price is currently printing at circa 76.30. The euro declined 0.1 percent to 1.20528 Swiss francs after sliding to 1.20405, the weakest level seen since Sept. 19th. The EUR/CHF did then recover after hitting the 4-month low. The Euro rose up after reaching its lowest level in 4 months versus the Franc, climbing back above the 1.2050 level as investors awaited positive news from the EU summit. After gaining ground for ten successive days, GBP/USD finally managed to end it's secular bullish run trading in New York at 1.5707 on Monday where it remains in consolidation, having lost a moderate 0.13% on the day.
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UPCOMING EVENTS
2012-01-31 00:01 GMT | United Kingdom Gfk Consumer Confidence (Jan)
2012-01-31 07:00 GMT | Germany Retail Sales (YoY) (Dec)
2012-01-31 08:55 GMT | Germany Unemployment Rate s.a. (Jan)
2012-01-31 10:00 GMT | European Monetary Union Unemployment Rate (Dec)
FOREX NEWS
2012-01-31 05:02 GMT | Japan Dec Housing Starts (YoY) -7.3%
2012-01-31 00:31 GMT | Australia National Australia Bank's Business Confidence increase to 3 in Dec.
2012-01-31 00:04 GMT | Japan: Industrial production flat, 2.5% increase predicted in January
2012-01-31 00:02 GMT | UK - Jan Gfk Consumer Confidence rises to -29
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EURUSD 1.31764 / 1.31769
DAILY WEEKLY MONTHLY
High: 1.31985 | Low: 1.31334 | Chg: 0.0034 0.25%
Resistance Levels : 1.3347 | 1.3313 | 1.3275 | 1.3234
Support Levels : 1.3133 | 1.3075 | 1.3024 | 1.2962
SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : overbought
MARKET ANALYSIS - Intraday Analysis
The EURUSD moved upwards and managed to stay above yesterday’s support 1.3075 (S2) and now it is moving towards 1.3234 (R1). A break above that level, we are suggesting a further rise towards 1.3275 (R2) and then 1.3313 (R3). On the other hand, if the price manages to hold below 1.3234 (R1) then we can expect retest of 1.3133 (S1) and then we will focus on 1.3075 (R2).
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GBPUSD 1.57359 / 1.57368
DAILY WEEKLY MONTHLY
High: 1.57423 | Low: 1.56979 | Chg: 0.0026 0.17%
Resistance Levels : 1.5879 | 1.5845 | 1.5813 | 1.5742
Support Levels : 1.5658 | 1.5626 | 1.5579 | 1.5535
SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
GBPUSD found a strong support at 1.5658 (S1) level and this morning the price formed a top at 1.5742.Now it seems to be heading towards level 1.5742 (R1). A break above that level would suggest a target of 1.5813 (R2) and a further rise will then focus on the next target at 1.5845 (R3). On the downside, if the price rebounds from the first resistance level we can expect retesting of 1.5658 (S1), a technical and psychological level. A further decline will then bring focus to the next support level at 1.5626 (S2).
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USDJPY 76.322 / 76.327
DAILY WEEKLY MONTHLY
High: 76.413 | Low: 76.175 | Chg: -0.009 -0.01%
Resistance Levels : 78.28 | 77.55 | 76.89 | 76.42
Support Levels : 75.45 | 75.06 | 74.63 | 74.16
SUMMARY : Down
TREND : down trend
MA10 : bearish
MA20 : Bearish
STOCHASTIC : neutral
MARKET ANALYSIS - Intraday Analysis
USDJPY lost momentum yesterday and it is moving downwards towards our support levels. (R1). A break below 76.00 level will give us a proper confirmation for short positions targeting 75.45 (S1) and 75.06 (S2), as we expect the pair to continue its downwards pressure. A stop loss should be placed above 76.89 (S1).
Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/31012012
Daily Forex Market by FXCC 01Feb2012
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%
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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, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/01022012
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
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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
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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
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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, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/02022012
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.
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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
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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
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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
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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, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/07022012
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.
The Canadian currency appreciated 0.2 percent to 99.44 cents per U.S. dollar at 5 p.m. Toronto time, after weakening earlier as much as 0.4 percent. It advanced on Feb. 3 to 99.28 cents, the strongest level since Oct. 31. One Canadian dollar buys $1.0056. The Canadian dollar fell against the euro for a second day, weakening 0.8 percent to C$1.3188. The Australian Dollar reached a 6-month high of 1.0823 versus the Greenback during the Asian session on Tuesday as the RBA surprised the market by keeping rates unchanged against expectations of a 25 bp cut. It's where the pair peaked and subsequently traded in a range through the both the European and NY session.
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UPCOMING EVENTS
2012-02-08 05:01 GMT Japan Eco Watchers Survey: Current (Jan)
2012-02-08 05:01 GMT Japan Eco Watchers Survey: Outlook (Jan)
2012-02-08 06:45 GMT Switzerland Unemployment Rate n.s.a (MoM) (Jan)
2012-02-08 07:00 GMT GermanyTrade Balance s.a. (Dec)
FOREX NEWS
2012-02-08 06:32 GMT EUR/USD breaks higher ahead of London
2012-02-08 05:10 GMT Japan Jan Eco Watchers Survey: Outlook 47.1
2012-02-08 00:01 GMT United Kingdom Jan BRC Shop Price Index (MoM) 1.4%
2012-02-08 00:00 GMT Japan Trade Balance - BOP Basis ¥-145.8B in Dec
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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.
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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.
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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, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/08022012
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.
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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
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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.
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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.
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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, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/09022012
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.
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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.
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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, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/10022012
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
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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).
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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).
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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, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/13022012
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%
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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).
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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.
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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, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/14022012
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%
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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).
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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.
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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, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
URL: https://support.fxcc.com/email/technical/16022012