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WindsorBrokers

08-01-2012, 04:29 AM

EUR/USD
Trading in narrow range ahead of a busy day of economical figures, and after fading hopes of stimulus news, the pair managed to rise as high as 1.2330 so far ahead of 1.2350, a break there would open further acceleration towards 1.24010/35 zone, 24th July Low. On the other hand we have seen a higher low action during the past couple of days starting from 1.2225 30th July low up till now. Support levels are found at 1.2280 ahead of 1.2265, while 1.2225 remains the main trigger for bears.
Res: 1.2330, 1.2350, 1.2390, 1.2410
Sup: 1.2280, 1.2265, 1.2225, 1.2170

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20120801075955.gif

GBP/USD
Negative outlook remains in play as long as the pair remains below 1.5700 to continue the head & shoulders pattern, another resistance is seen at 1.5730 ahead of medium term barrier of 1.5775, highest point since 22nd May. From the downside support can be visible at 1.5655 ahead of yesterdays low at 1.5625, a break would target 1.5590 and then 1.5550 zone.
Res: 1.5700, 1.5730, 1.5755, 1.5775
Sup: 1.5655, 1.5625, 1.5590, 1.5550

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20120801075825.gif

USD/JPY
More volatility than yesterday is seen on the pair after the drop to first support at 77.95 during the Asian session, followed by the rise towards 78.30 zone where the first resistance is visible. A break of the said two points would open a direction for the pair either up towards previous peak of 27th July at 78.68 or below towards 77.65 low of 1st of June.
Res: 78.30, 78.40, 78.65, 78.95
Sup: 77.95, 77.65, 77.35, 76.50

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20120801075758.gif

Gold
Trading on a side way action until yesterday’s evening drop towards 1610 gave bulls the momentum to re-enter the market and lift the Gold towards 1620 resistance. Breaking that resistance would open further upside to previous highs of 1627-29 zone and maybe higher towards the upper range of the sideway medium term trend to 1640. On the other hand, holding 1620 would trigger bears to test 1610 and 1600 next, which might open further drop towards 1590 and 1582
Res: 1620, 1629, 1635, 1640
Sup: 1610, 1600, 1590, 1582

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gold_20120801075715.gif

alayoua

08-01-2012, 05:05 AM

Market Overview by FXCC Aug 01 2012

China's housing sector has begun to recover

Standard Chartered proprietary survey of 30 developers has just been released, supporting the bank's macro-view that the sector has begun to recover. The bank concludes "land and apartment prices appear to have bottomed as appartment sales volumes pick up, with local policy loosening supporting the market" the report notes. While Standard Chartered believes it will be a long, hard slog back to boom, they are starting to gather growing positive indications that a recovery appears to have begun as noted above. "Our proprietary survey of 30 developers across the country suggests that apartment sales are rising in many cities, helped by price cuts and a shift in sentiment" the team adds.

The HSBC Manufacturing Purchasing Managers Index (PMI) remains in contractionary territory, having posted a 49.3 reading in July from a revised 48.2 in June, signaling only a marginal deterioration in Chinese manufacturing sector operating conditions, according to Markit Economics. The month-on-month increase in the index was the largest in 21 months, as manufacturing output rose for first time in five months.
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https://support.fxcc.com/email/technical/01082012/

UPCOMING EVENTS :
2012-08-01 08:30 GMT | United Kingdom Markit Manufacturing PMI (Jul)
2012-08-01 14:00 GMT | U.S. ISM Manufacturing PMI (Jul)
2012-08-01 18:15 GMT | United States Fed Interest Rate Decision
2012-08-01 18:15 GMT | United States Fed's Monetary Policy Statement

FOREX NEWS :
2012-08-01 04:50 GMT | USD/JPY at attractive levels for establishing longs - RBS
2012-08-01 04:03 GMT | AUD/USD to hold its ground in the short term - OCBC
2012-08-01 03:15 GMT | GBP/JPY prints fresh weekly lows above 122.00
2012-08-01 01:39 GMT | USD/JPY bounces back to 78.00 after China PMI dip

----------------
EURUSD : 1.23136 / 1.23140
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/01082012/EURUSD.gif

1.2460 | 1.2390 | 1.2332
1.2249 | 1.2174 | 1.2099

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

MARKET ANALYSIS - Intraday Analysis

Today major market drivers would be US ISM Manufacturing PMI announcement at 14:00 GMT and the US Fed Interest Rate Decision at 18:15 GMT. Technically, we expect increase of volatility later on today and break one of our suggested levels. Clearance of next resistance level at 1.2332 (R1) would open road to the next targets at 1.2390 (R2) and 1.2460 (R3). From the other side, loss of next support at 1.2249 (S1) might encourage executing of orders and drive market price towards to the next targets at 1.2174 (S2) and 1.2099 (S3) levels.

-------------
GBPUSD : 1.56709 / 1.56715
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/01082012/GBPUSD.gif

1.5875 | 1.5804 | 1.5732
1.5625 | 1.5552 | 1.5469

SUMMARY : Up
TREND : Upward penetration
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral

MARKET ANALYSIS - Intraday Analysis

GBPUSD consolidated after the upwards movement on the last week and ready to go for new targets. Next news in focus from UK is Manufacturing PMI for July at 08:30 GMT that might push market higher or encourage deeper correction. Next important technical resistance stay at 1.5732 (R1), brake here is required for market expansion to the targets at 1.5804 (R2) and 1.5875 (R3). Failure to go higher might push markets to retest previous day low at 1.5625 (S1), which is currently our next support level. Brake here would suggest next target at 1.5552 (S2) and any further fall would then be limited by last support at 1.5469 (S3).

-----------------
USDJPY : 78.143 / 78.146
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/01082012/USDJPY.gif

78.49 | 78.32 | 78.18
77.91 | 77.74 | 77.58

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

MARKET ANALYSIS - Intraday Analysis

From the technical side picture on the USDJPY is not clear. Market trades in consolidation mode and sentiment looks balanced. We suggest waiting for clear directional signal, any macroeconomic data release might affect current situation. Next resistance levels for today stay at 78.18 (R1) and 78.32 (R2) in focus. Support levels locates at 77.91 (S1) and 77.74 (S2).

Source: FX Central Clearing Ltd, ( Forex Charts | Forex Exchange | ECN Forex Online | FXCC (http://www.fxcc.com) )

alayoua

08-02-2012, 05:38 AM

Market Overview by FXCC Aug 02 2012

EUR/USD around 1.2250, the ECB has come

Despite London session ahead will bring almost no macro data EUR related but EU PPI at 09:00 GMT, today will be a busy day mainly focused on Spain with Italian PM Monti traveling to Madrid to meet Rajoy according to newspaper elpais.com, Spanish unemployment change at 07:00 GMT, and most importantly, Spanish Tesoro selling up to € 3B in different maturities from 2 to 10 years, with last 10 year bond yielding 6.43% in last auction, and closing yesterday at 6.72% after 4 day fall from euro era highs at 7.74% one week ago.

But that will only be an introduction to main risk event of the week for Euro, with ECB meeting delivering the interest rate statement at 11:45 GMT followed 45 minutes later by very much awaited Draghi's speech, which will confirm or deny the expectations created past week with his words.
Read More
https://support.fxcc.com/email/technical/02082012/

UPCOMING EVENTS :
2012-08-01 09:00 GMT | EMU - Producer Price Index (YoY) (Jun)
2012-08-01 11:00 GMT | UK - BoE Interest Rate Decision
2012-08-01 11:45 GMT | EMU - ECB Interest Rate Decision
2012-08-01 14:00 GMT | US - Factory Orders (MoM) (Jun)

FOREX NEWS :
2012-08-02 04:28 GMT | GBP/USD steady below 1.5550; ECB, BoE eyed
2012-08-02 03:01 GMT | ECB may be building a bridge to nowhere - Megan Greene
2012-08-02 02:19 GMT | USD/JPY bulls trek above 78.50
2012-08-02 01:41 GMT | AUD/USD attacking 1.0480 resistance post Aus sales

----------------
EURUSD : 1.22534 / 1.22535
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/02082012/EURUSD.gif

1.2390 | 1.2332 | 1.2277
1.2217 | 1.2158 | 1.2100

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

MARKET ANALYSIS - Intraday Analysis

EURUSD made an attempt to go higher yesterday but fail to establish positive bias and dropped below suggested support level at 1.2249. Today we expect further depreciation as main scenario however clearance of next resistance at 1.2277 (R1) will open way for next target attack at 1.2332 (R2). If we see loss of next support level at 1.2217 (S1), next expected targets would be at 1.2158 (S2) and 1.2100 (S3). Close attention to the important news releases today. EMU announce ECB Interest Rate Decision at 11:45 GMT.

--------------
GBPUSD : 1.55558 / 1.55567
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/02082012/GBPUSD.gif

1.5732 | 1.5654 | 1.5583
1.5522 | 1.5458 | 1.5391

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

MARKET ANALYSIS - Intraday Analysis

Yesterday instrument broke our suggested support level at 1.5625 and successfully achieved next target at 1.5552. From the technical side intraday sentiment is negative as both moving averages are pointing down. Fall below support level at 1.5522 (S1) would suggest next targets at 1.5458 (S2) and 1.5391 (S3). On the other side, brake of next resistance at 1.5583 (R1) might lead to the development of correction with next intraday target at 1.5654 (R2). Appreciation above this level enable next target at 1.5732 (R3) and suggest us about the trend reversal. Today in focus Bank of England Interest rate decision and asset Purchase Facility release at 11:00 GMT as major market drivers.

---------------
USDJPY : 78.466 / 78.471
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/02082012/USDJPY.gif

78.82 | 78.68 | 78.54
78.31 | 78.12 | 77.92

SUMMARY : Up
TREND : Upward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral

MARKET ANALYSIS - Intraday Analysis

Market gained momentum yesterday and met our final target at 78.49. Volatility increase might be a signal of uptrend development and we expect new highs forming today. Next resistance holds at 78.54 (R1). Rise above this level will provide space for further appreciation towards to next expected target at 78.68 (R2), strong technical level. Brake here is required to enable higher target at 78.82 (R3). On the other hand, decrease of the price below next support level at 78.31 (S1) would suggest target at 78.12 (S2) and any further loss then will be limited by final support at 77.92 (S3).

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

alayoua

08-03-2012, 07:11 AM

Market Overview by FXCC Aug 03 2012

EUR/USD frozen; NFP the name of the game

London session ahead will be a quiet one in EUR macro data terms, with only some PMI figures coming from Spain, Italy, France, Germany, and the UE at 07:13, 07:43, 07:48, 07:53, and 07:58 respectively, all GMT, followed by UE retail sales at 09:00 GMT, with no critical auctions from the EZ sovereign front. Spain's 10 year bond yields had yesterday biggest boost of all year going from as low as 6.6% to 7.25% highs, while Italian ones also skyrocketed above the 6.2%, while German ones plummeted again below the 1.3%, thus making risk premiums widen.

But the name of the game today is called the US NFP, which is played at 12:30GMT, and that's what everybody will be waiting for, with expectations for the figure to be around the 100k, and unemployment rate to be unchanged at 8.2%, with anything below that being a bell ringing for Bernanke's next QE3. US ISM non-manufacturing PMI will also capture traders eyes as it will probably bring more volatility to markets, more even so after decreasing Chinese PMI data, last one today being at 55.6, coming lower than previous.
Read More
https://support.fxcc.com/email/technical/03082012/

UPCOMING EVENTS :
2012-08-03 08:30 GMT | UK - Markit Services PMI (Jul)
2012-08-03 09:00 GMT | EMU - Retail Sales (MoM) (Jun)
2012-08-03 12:30 GMT | US - Nonfarm Payrolls (Jul)**
2012-08-03 14:00 GMT | US - ISM Non-Manufacturing PMI (Jul)

FOREX NEWS :
2012-08-03 04:30 GMT | GBP/USD consolidation expected ahead of NFP
2012-08-03 02:30 GMT | China HSBC China Services PMI: 53.1
2012-08-03 01:01 GMT | Next leg of crisis to prove more pronounced after ECB shocker - Nomura
2012-08-03 00:36 GMT | Clear signs that EUR/USD has further room to fall

----------
EURUSD 1.21809 / 1.21814
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/03082012/EURUSD.gif

1.2332 | 1.2277 | 1.2217
1.2133 | 1.2068 | 1.2003

SUMMARY Down
TREND Down trend
MA10 Bearish
MA20 Bearish
STOCHASTIC Neutral

MARKET ANALYSIS - Intraday Analysis

ECB leaved interest rate unchanged and EURUSD showed positive reaction. Pair broke our expected resistance level at 1.5583 and met our final target at 1.5732. Later, marker reversed and our short target at 1.2332 was achieved. Major market driver for today would be United States Nonfarm Payrolls (Jul) release at 12:30 GMT. From technical side, we expect brake above our next resistance level at 1.2217 (R1) targeting 1.2277 (R2) and 1.2332 (R3). For short direction, loss of next support level at 1.2133 (S1) would enable next targets at 1.2068 (S2) and 1.2003 (S3) in extension.

---------------
GBPUSD 1.55146 / 1.55155
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/03082012/GBPUSD.gif

1.5697 | 1.5626 | 1.5553
1.5490 | 1.5428 | 1.5361

SUMMARY Down
TREND Down trend
MA10 Bearish
MA20 Bearish
STOCHASTIC Neutral

MARKET ANALYSIS - Intraday Analysis

GBPUSD broke our suggested resistance level and further appreciation found our target at 1.5654. Than marked dropped below our support at 1.5522 and stabilized around this level. Potential is seen for break above 1.5553 level (R1), that will let for stronger appreciation and open initial targets at 1.5626 (R2) and 1.5697 (R3) levels. Downside development remains for now limited by next support level at 1.5490 (S1), with only clear break here would be a signal of market weakening with next targets at 1.5428 (S2) and 1.5361(S3).

--------------
USDJPY 78.208 / 78.214
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/03082012/USDJPY.gif

78.68 | 78.49 | 78.30
78.07 | 77.92 | 77.76

SUMMARY Sideway
TREND Down trend
MA10 Bearish
MA20 Bearish
STOCHASTIC Neutral

MARKET ANALYSIS - Intraday Analysis

USDJPY failed to develop positive bias and dropped below suggested support level at 78.31 and exposed our target at 78.12. Technically instrument remain trading in range. A break above the first resistance level of 78.30 (R1) would suggest a target at 78.49 (R2). If the price holds its momentum on the upside we can expect a further rise towards to 78.68 (R3). On the other hand, if the price does not manage to break next support at 78.07 (S1) we can expect the pair to retest support at 77.92 (S2) and any further fall than would be limited by 77.76 (S3).

Source: FX Central Clearing Ltd, ( Forex Signals | ECN Forex Broker | Forex Trade | FXCC (http://www.fxcc.com) )

alayoua

08-06-2012, 03:56 AM

Market Overview by FXCC Aug 06 2012

What's in ECB policy toolbox in September?

After the ECB bluff last week, which saw Mr. Draghi falling short of concrete measures, the market, surprisingly, has turned optimsitic that the step up in ECB rhetoric means bond intervention is looming closer and closer. According to Standard Chartered research team, "we now see a rate cut in September, along with another LTRO and a looser collateral framework." The bank adds: "We think Spain will accept a European bailout in the coming weeks, key to ensuring ECB market support." Lastly, Standard Chartered, believes "the ECB buying is not a game-changer as there are still-sizeable risks in the euro area, including Italy."

London session ahead will be another quiet one in terms of EUR related risk events, with only EU Sentix investor confidence at 08:30 GMT, before FED chairman Ben Bernanke speaks at 13:00 GMT. In the sovereign debt front no critical auctions will take place either, with Spanish 10 year bond yields closing Friday right below the 7% mark, and Italian ones at 6.08%. Both had a big relief Friday after jumping to the upside the day before. (fxstreet.com)
Read More
https://support.fxcc.com/email/technical/06082012/

UPCOMING EVENTS :
2012-08-06 05:00 GMT | Japan Coincident Index (Jun)
2012-08-06 07:00 GMT | U.K. Halifax House Prices (Jul)
2012-08-06 08:30 GMT | E.M.U. Sentix Investor Confidence (Aug)
2012-08-06 23:01 GMT | U.K. BRC Retail Sales Monitor - All (YoY) (Jul)

FOREX NEWS :
2012-08-06 04:14 GMT | EUR/USD sticks to near 1.2400
2012-08-06 03:04 GMT | USD/JPY to gain ahead of BoJ meeting
2012-08-06 01:19 GMT | AUD/USD, close above 1.0550 paves way to 1.0640/70
2012-08-06 00:02 GMT | EUR/USD, risk rising of squeeze higher above 1.20-25 range

---------------
EURUSD : 1.23800 / 1.23804
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/06082012/EURUSD.gif

1.2595 | 1.2519 | 1.2443
1.2368 | 1.2298 | 1.2222

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

MARKET ANALYSIS - Intraday Analysis

Friday EURUSD progressed above suggested resistance level at 1.2217 and met our final target at 1.2332. Medium term bias is positive now and we expect further appreciation on this week. However today we are not expecting significant volatility. The upside movement is limited by next resistance level at 1.2443 (R1). Surpassing of this level enable next target at 1.2519 (R2) and any further gain would be limited by last resistance at 1.2595 (R3). Without significant economic news announcement, consolidation looks reasonable today. The price progress below next support level at 1.2368 (S1) might expose next target at 1.2298 (S2).

--------------
GBPUSD : 1.56065 / 1.56069
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/06082012/GBPUSD.gif

1.5789 | 1.5730 | 1.5667
1.5600 | 1.5536 | 1.5470

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

MARKET ANALYSIS - Intraday Analysis

On Friday instrument moved upwards and recover some of previous week losses. We are not expecting significant move on the instrument today. However further appreciation is possible above next resistance level at 1.5667 (R1), a break here would suggest next target at 1.5730 (R2) and further rise will then be limited by 1.5789 (R3). Next support level stay at 1.5600 (S1), brake below it might provide a downside priority in direction for the remaining of the day. Next suggested target at 1.5536 (S2).

------------
USDJPY : 78.422 / 78.427
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/06082012/USDJPY.gif

79.23 | 79.01 | 78.77
78.33 | 78.13 | 77.92

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

MARKET ANALYSIS - Intraday Analysis

After the US Payroll announcement on Friday instrument advanced above our suggested resistance level at 78.07 and expose our final target at 78.68. Technically, USDJPY remain to be traded in sideways on the medium term. The crossing of moving averages on the Asian session could be considered as signal of possible correction ahead. Next support level at 78.33 (S1) protects now from possible retracement. Brake here might provide sufficient momentum and expose targets at 78.13 (S2) and 77.92 (S3). On the other side, further appreciation on this week is expected above next resistance level at 78.77 (R1) with next suggested targets at 79.01 (R2) and 79.23 (R3).

Source: FX Central Clearing Ltd, ( ECN Forex Brokers | Forex Converter | Forex Expert Advisors | FXCC (http://www.fxcc.com) )

WindsorBrokers

08-07-2012, 03:29 AM

EUR/USD
The single currency remained below Medium term barrier after a break during yesterdays Monday opening, however, it has not managed to drop lower than 1.2330. Price action is expected to remain neutral unless a moment is build in above 1.2420 to open 1.2505 first zone. A break there would open targets of 1.2555 and 1.2625. on the downside a drop below 1.2330 would open 1.2290, 50% Fibo of 1.2130/1.2442.

Res: 1.2420, 1.2440, 1.2505, 1.2555
Sup: 1.2330, 1.2290, 1.2215, 1.2160

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eur_20120807051238.gif

GBP/USD
Trading in neutral trend, cable managed to reach as high as 1.5642 ahead of resistance level of 1.5650, this resistance would open further to the upside for a test of 1.5690 and 1.5730, ahead of medium term barrier of 1.5770. The downside is protected by 1.5560 in which would open 1.5520 and 1.5490 next, the downside medium term barrier remain at 1.5400

Res: 1.5650, 1.5690, 1.5730, 1.5770
Sup: 1.5560, 1.5520, 1.5490, 1.5455

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbp_20120807051259.gif

USD/JPY
The remains in neutral territory after a drop of 78.70 zone were a false break was made few pips higher that the higher territory, however, still maintained by 77.90/95 zone low of 23ed July and 1st Aug, were if broken a drop is expected to 77.65 low of 1st of Jun. a break of 78.70 would open the upside to 79.10 and 80.00 next.

Res: 78.70, 79.10, 80.00, 80.60
Sup: 77.90, 77.65, 77.10, 76.40

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/yen_20120807051320.gif

Crude Oil
After penetrating 90.30 zone Oil managed to remain in the high territory for a test of 92.20 zone, a correction should be maintained by 90.30 and a break would open 89.40 zone, below 86.90 opens a negative direction. On the upside, clearing of 92.20 would open the upside for a test of 93.25 and 95.15 next.

Res: 92.20, 93.25, 94.45, 95.15
Sup: 90.30, 89.40, 88.35, 86.90

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/oil_20120807051345.gif

Gold
Remaining in a side way trend on the Medium term between 1640 and 1530, while currently trading near the higher side of the chart gives the up side a possibility for a further rise to 1618 which would open a test of 1630/40 zone. On the downside, a break of 1605 would open further drop to 1597 and 1584 next, in which a break would allow bears to target 1566 zone.

Res: 1618, 1628, 1635, 1640
Sup: 1605, 1597, 1584, 1566

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gold_20120807051405.gif

alayoua

08-07-2012, 07:35 AM

Market Overview by FXCC Aug 07 2012

BoJ may tweak its operations again; no major policy changes

The BOJ is expected to leave its major policies unchanged at the meeting on August 8-9, unless USDJPY declines substantially, says Nomura strategist Yujiro Goto. "We think the Bank may tweak its operation slightly again to make its JGB buying operation easier" he said. This time, two new board members, Mr. Sato and Mr. Kiuchi, will attend the meeting for the first time. "If either or both of the new board members dissent against the governor, USDJPY would likely rise, but only until the market realizes that one or two dissents are unlikely to lead to any imminent radical policy shift" Mr. Goto notes. Nonetheless, "the new board members‟ inflation forecasts are likely to be more pessimistic and, thus, we think it worth watching for any changes to the BOJ's economic and inflation assessments" Nomura strategist adds. Keep an eye on any discussion about BOJ foreign bond buying too, Mr. Goto concluded.

In the European session ahead, the June UK Industrial Production and Manufacturing data will be risk event for GBP, due for release at 08:30 GMT. Later in the day, the National Institute of Economic and Social Research GDP Estimate is scheduled for release at 14:00 GMT. (fxstreet.com)
Read More
https://support.fxcc.com/email/technical/07082012/

UPCOMING EVENTS :
2012-08-07 08:30 GMT | United Kingdom. Industrial Production (YoY) (Jun)
2012-08-07 14:00 GMT | United Kingdom. NIESR GDP Estimate (3M) (Jul)
2012-08-07 18:30 GMT | United States. Fed's Bernanke Speech
2012-08-07 23:50 GMT | Japan Trade Balance - BOP Basis (Jun)

FOREX NEWS :
2012-08-07 04:21 GMT | GBP/USD hovers below 1.56 late in Asia
2012-08-07 01:48 GMT | AUD bulls should keep closer eye on FED, ECB than RBA
2012-08-07 00:57 GMT | EUR/USD to continue resisting downside dips
2012-08-07 00:24 GMT | USD/JPY seeking test of US lows; Semi-official bids near 78.00

--------------
EURUSD : 1.23800 / 1.23803
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/07082012/EURUSD.gif

1.2595 | 1.2519 | 1.2443
1.2368 | 1.2298 | 1.2222

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

MARKET ANALYSIS - Intraday Analysis

Market stabilized yesterday after the Friday’s gains. Medium term bias is positive however today we expect correction as main scenario. Our resistance levels remain the same as yesterday. Potential of going higher is seen above next resistance at 1.2443 (R1), surpassing of this level would suggest next targets at 1.2519 (R2) and 1.2595 (R3). If it fail to go higher, we might see further retracement development below next support at 1.2368 (S1) with next target at 1.2298 (S2). Achieving of the support levels might lead to the further instrument strengthening.

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GBPUSD : 1.55719 / 1.55728
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/07082012/GBPUSD.gif

1.5713 | 1.5666 | 1.5618
1.5574 | 1.5529 | 1.5490

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

MARKET ANALYSIS - Intraday Analysis

Today in focus United Kingdom Industrial Production release at 08:30 GMT. Pair is quoting roughly -0.10% below its opening price and we expect increasing of the volatility later on today. Technically next support level locates at 1.5574 (S1), pushdown of the price is possible below this level. We suggest next targets at 1.5529 (S2) and 1.5490 (S3). Failure to go lower suggested support level will put in focus our resistance level at 1.5618 (R1), brake here would suggest next targets at 1.5666(R2) and 1.5713 (R3).

-----------
USDJPY : 78.274 / 78.278
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/07082012/USDJPY.gif

78.77 | 78.57 | 78.37
78.13 | 77.92 | 77.70

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

MARKET ANALYSIS - Intraday Analysis

Today we have important news from Japan that might establish trading tone for Asian session - Japan Trade Balance at 23:50 GMT. Technically, USDJPY remain to be traded in range mode. Successful attack of next resistance level at 78.37 (R1) will provide market with a new target at 78.57 (R2). On the other hand, possible execution of protective orders below next support level at 78.13 (S1) might drive market price toward to our suggested targets at 77.92 (S2) and 77.70 (S3).

Source: FX Central Clearing Ltd, ( Forex Calendar | Forex Trading Strategies | ECN Trading Forex | FXCC (http://www.fxcc.com) )

alayoua

08-08-2012, 02:33 AM

Market Overview by FXCC Aug 08 2012

UK inflation report should keep GBP under pressure

The Inflation Report, due out at 9.30GMT today, has potential to influence the near-term GBP outlook, says RBS strategy team. "While the MPC will not want to be backed into a corner on cutting the base rate ahead of an assessment of the FLS (Funding for Lending Scheme), there should be enough dovish sentiment to keep GBP under pressure" RBS notes.

A quiet session ahead in London in terms of EUR macro data related, starting at 06:00 GMT with German current account and trade balance, followed 30 minutes later by French BoF business sentiment, and trade balance 15 minutes after, Spanish industrial production at 07:00 GMT, and probably most important, German industrial production at 10:00 GMT. In the sovereign debt front Germany will auction up to € 4B in 10 year bunds at 06:00 GMT, with 10 year yields on the rise since record lows at 1.12% on July 23, last at 1.48%. (fxstreet.com)
Read More
https://support.fxcc.com/email/technical/08082012/

UPCOMING EVENTS :
2012-08-08 09:30 GMT | U.K. Bank of England Quarterly Inflation Report
2012-08-08 10:00 GMT | Germany. Industrial Production (YoY) (Jun)
2012-08-08 17:00 GMT | U.S. 10-Year Note Auction
2012-08-08 23:50 GMT | Japan. Foreign bond investment

FOREX NEWS :
2012-08-08 04:37 GMT | EUR/USD pegged near 1.24 for third day
2012-08-08 04:37 GMT | GBP/USD flat as market awaits UK inflation outlook
2012-08-08 03:57 GMT | BoE to lower inflation, GDP growth forecasts - UBS
2012-08-08 03:47 GMT | USD/JPY calmed around 78.50 ahead of BoJ

EURUSD : 1.23902 / 1.23907
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/08082012/EURUSD.gif

1.2595 | 1.2519 | 1.2443
1.2368 | 1.2298 | 1.2222

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

MARKET ANALYSIS - Intraday Analysis

EURUSD made an attempt to go higher yesterday but fail to climb above our suggested resistance level at 1.2443 (R1), strong technical level. We expect retest of this level later on today. Brake here is required to enable next targets at 1.2519 (R2) and 1.2595 (R3). At the moment instrument is moving towards to our next support levels at 1.2368 (S1). If it breaks below it we expect the price to form a correction towards to next support at 1.2298 (S2) and then we might see reversal of tendency (daily).

--------------
GBPUSD : 1.56082 / 1.56091
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/08082012/GBPUSD.gif

1.5768 | 1.5726 | 1.5683
1.5588 | 1.5545 | 1.5503

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

MARKET ANALYSIS - Intraday Analysis

GBPUSD appreciated yesterday above our suggested resistance level at 1.5618 and met our target at 1.5666. Next resistance level for today locates at yesterday high – 1.5683 (R1). Brake here would suggest next target at 1.5726 (R2) and any further rise will then be limited to 1.5768 (R3). However, we expect the price to retest our next support level at 1.5588 (S1). A break below that level would suggest next targets at 1.5545 (S2) and 1.5503 (S3). In focus Bank of England Quarterly Inflation Report at 09:30 GMT that might bring additional volatility on the markets.

---------------
USDJPY : 78.423 / 78.429
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/08082012/USDJPY.gif

79.26 | 79.00 | 78.77
78.37 | 78.13 | 77.92

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

MARKET ANALYSIS - Intraday Analysis

USDJPY rose yesterday and met our suggested target at 78.57. Strong psychological level stay at 78.77 (R1), brake here might determine medium term trend development and change of the market sentiment. In such scenario we would suggest targets at 79.00 (R2) and 79.26 (R3). On the other hand market still moves in range mode and break below next support level at 78.37 (S1) might expose our next target at 78.13 (S2). Further intraday fall with then be limited to 77.92 (S3), final support of the medium term sideways channel.

Source: FX Central Clearing Ltd, ECN Forex Trading System | What Is Forex | Forex Live | FXCC (http://www.fxcc.com)

WindsorBrokers

08-08-2012, 03:32 AM

EUR/USD
Still trading in narrow range, the pair formed a double top pattern at 1.2440 high of 6th and 7th of Aug and 55 days EMA at 1.2445 however, it didn’t manage to drop lower than 1.2338 during the past couple of days. Awaiting a break of any of those points to decide the direction, the downside is favored as Momentum started to drop to 100, a break of 1.2370 would confirm it for a drop to 1.2340 and 1.2290 next. If a momentum is established and a break of 1.2440 was made, the pair is expected to jump towards 1.2505, 1.2555 and 1.2625 next.

Res: 1.2440, 1.2505, 1.2555, 1.2625
Sup: 1.2370, 1.2340, 1.2290, 1.2215

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eur_20120808044215.gif

GBP/USD
Yesterday price action was maintained at 1.5680 at 2nd of Aug peak, however still inside way trend as long as it is trading above 1.5560. First support is spotted at 1.5590 ahead of 1.5560, when a break there would open 1.5590 and 1.5400 next. The upside is capped by 1.5680/90 zone, a break there would open a test to 1.5730 and 1.5770 our medium term resistance. A break of 1.5590/60 would confirm the drop in momentum for a downtrend.

Res: 1.5680, 1.5690, 1.5730, 1.5770
Sup: 1.5590, 1.5560, 1.5490, 1.5455

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbp_20120808044241.gif

USD/JPY
The pair has tested the higher levels of the side way trend at 78.70 were it was maintained, today’s current account higher than expected data did nothing to the pair were its still trading 20 pips lower than upside barrier, a break higher would open 79.15 and 80.00 next. On the downside, support of 77.90/95 would hold side way trend, a break there would open 1st of Jun low at 77.60, and if broken, a drop lower to 76.00 and 75.60 zone.

Res: 78.70, 79.10, 80.00, 80.60
Sup: 77.90, 77.65, 77.30, 76.70

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/yen_20120808044307.gif

Gold
Holding below 1618 resistance level, the precious metal was maintained for a drop below 1608 zone. A break of 1618 would open 1628 high of 27th and 31st of July, where it would open 1635/40 zone. While bears is expected to move in once 1608/05 is broken for a test to 1597 and 1584 next.

Res: 1618, 1628, 1635, 1640
Sup: 1605, 1597, 1584, 1566

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gold_20120808044329.gif

Crude Oil
Managed to break 93.15 the high levels of 19th of July and jumped as high as 94.30 zone were a previous high was established at 16th of May, a break there would open 95.40 zone ahead of 97.55. A correction to the downside would be maintained by 92.30 high of 6th of Aug, and 91.70 zone, a break there would open 90.55 and 89.40 next.

Res: 94.30, 95.40, 97.55, 100.75
Sup: 92.30, 91.70, 90.55, 89.40

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/oil_20120808044350.gif

alayoua

08-09-2012, 02:25 AM

Market Overview by FXCC Aug 09 2012

BOJ: no change in policy

The BoJ monetary policy decision is out and as most participants expected - not a clear cut as in previous months - , the central bank has kept the asset purchase fund at 45 trillion yen, with the credit Loan program also unchanged at 25T yen. Total size of Asset-Purchase Program remains at Y70 trillion. Central bank statement said economy picking up moderately. The Japanese GDP figures will be released next week.

Looking at the economic agenda for the London session ahead one should think another quiet session is around the corner, though with such extreme low liquidity given summer time holidays in Europe and London Olympics in the middle of the final series, any unexpected headline coming from nowhere could make things change in the blink of an eye. Still, no major sovereign debt auctions are scheduled from the EZ, and troubled countries Spain and Italy's 10y yields stay on check right below the 7% in the Spanish case and right below the 6% for his Latin neighbor. (fxstreet.com)
Read More
https://support.fxcc.com/email/technical/09082012/

UPCOMING EVENTS :
2012-08-09 08:00 GMT | E.M.U. ECB Monthly Report
2012-08-09 08:30 GMT | U.K. Goods Trade Balance (Jun)
2012-08-09 12:15 GMT | CANADA. Housing Starts (Jul)
2012-08-09 12:30 GMT | U.S. Trade Balance (Jun)

FOREX NEWS :
2012-08-09 04:28 GMT | GBP/USD sideways below 100 EMA; UK trade accounts ahead
2012-08-09 02:53 GMT | EUR/USD: break of key levels eyed – V.Bednarik
2012-08-09 02:29 GMT | AUD/JPY rallies capped below key Fibo resistance
2012-08-09 01:40 GMT | China: July CPI prints 1.8% YoY, beating expectations

-----------------
EURUSD 1.23692 / 1.23695
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/09082012/EURUSD.gif

1.2595 | 1.2519 | 1.2443
1.2325 | 1.2243 | 1.2148

SUMMARY : Up
TREND : Upward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral

MARKET ANALYSIS - Intraday Analysis

As we expected yesterday, EURUSD continued to move in correction mode. Pair dropped below our suggested support level at 1.2368 but did not manage to gain momentum reversed on the US session. Today we are not expecting significant volatility increase however ECB Monetary report release at 08:00 GMT time might affect the markets. If the break occurs above next resistance level at 1.2443 (R1), we suggest next targets at 1.2519 (R2) and 1.2595 (R3). The downside trend evolvement is limited by next support level at 1.2325 (S1), surpassing of which might lead to the next targets at 1.2243 (S2) and 1.2148 (S3).

------------------
GBPUSD : 1.56649 / 1.56658
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/09082012/GBPUSD.gif

1.5816 | 1.5755 | 1.5696
1.5653 | 1.5606 | 1.5554

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

MARKET ANALYSIS - Intraday Analysis

GBPUSD moved below expected support level at 1.5574 but failed to develop success and recover all daily losses. A further increase will then bring focus to the next resistance levels at 1.5696 (R1) and 1.5755 (R2). Final resistance can be found at 1.5816 (R3) level. Likely we might see retracement from previous day gains. Next support level holds at 1.5653 (S1). A break below that level would suggest next target at 1.5606 (S2), further fall will then focus on the next target at 1.5554 (S3).

--------------
USDJPY : 78.506 / 78.509
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/09082012/USDJPY.gif

79.00 | 78.78 | 78.58
78.23 | 78.05 | 77.86

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

MARKET ANALYSIS - Intraday Analysis

Technically, instrument moved in range mode. In such situation we suggest to wait for clear signal of sentiment change. For long positions we suggest intraday targets at 78.58 (R1) and 78.78 (R2), clearance here is required for sentiment change to bullish and further appreciation might find final resistance at 79.00 (R3). Short positions might face supports at 78.23 (S1) and 78.05 (S2). Strong technical support located at 77.86 (S3), brake here would suggest of sentiment change to bearish.

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

alayoua

08-10-2012, 02:41 AM

Market Overview by FXCC Aug 10 2012

RBA outlook for growth continues around trend with inflation on target

The RBA’s quarterly update on financial markets and the economy held few surprises for the market, says NAB economist Robert Henderson. To summarize the report, Robert reports: "The RBA expects some moderation in growth in the second half the 2012 after strong growth in the first half (at least as measured by GDP) and then the economy growing at trend ahead. At the same time, inflation has bottomed but is expected to travel within the target band out to the end of 2014."

As it has been usual in the recent past, Fridays don't bring any critical EZ sovereign debt auctions to take place, and London session ahead will again be a quiet one in terms of EUR macro data related, despite the bunch of minor figures will be released, starting with German CPI and HCPI at 06:00 GMT, followed 45 minutes later by French industrial,manufacturing production, and Gov budget balance, and Italian CPI at 08:00 GMT. The UK will deliver PPI figures at 08:30 GMT which could bring some volatility to cross EUR/GBP. (fxstreet.com)
Read More
https://support.fxcc.com/email/technical/10082012/

UPCOMING EVENTS :
2012-08-10 06:00 GMT | Germany. Consumer Price Index (YoY) (Jul)
2012-08-10 08:00 GMT | United Kingdom. PPI Core Output (YoY)
2012-08-10 12:30 GMT | Canada. Unemployment Rate (Jul)
2012-08-10 18:00 GMT | United States. Monthly Budget Statement (Jul)

FOREX NEWS :
2012-08-10 04:32 GMT | GBP/USD selling to continue upon break of 1.56
2012-08-10 03:54 GMT | After China trade print, worst still to come - HSBC
2012-08-10 03:12 GMT | Trade Balance figures disappoint in July
2012-08-10 02:36 GMT | AUD/USD to fresh session lows post RBA

--------------
EURUSD : 1.22887 / 1.22892
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/10082012/EURUSD.gif

1.2519 | 1.2420 | 1.2327
1.2265 | 1.2148 | 1.2038

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

MARKET ANALYSIS - Intraday Analysis

Yesterday instrument declined below our suggested support level at 1.2325 and formed fresh low at 1.2265 (S1), our next support level. Uptrend on the medium term still in power and we might see appreciation of the instrument later on today. A break above next resistance level at 1.2327 (R1) would suggest next target at 1.2420 (R2). If the price holds its momentum on the upside we can expect a further rise towards to 1.2519 (R3). On the other hand, loss of next support at 1.2265 (S1) might lead to the further correction development with targets at 1.2148 (S2) and 1.2038 (S3) levels.

----------------
GBPUSD : 1.56203 / 1.56212
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/10082012/GBPUSD.gif

1.5755 | 1.5696 | 1.5647
1.5605 | 1.5555 | 1.5501

SUMMARY : Sideway
TREND : Sideway
MA10 : Bearish
MA20 : Bearish
STOCHASTIC | Overbought

MARKET ANALYSIS - Intraday Analysis

GBPUSD successfully penetrated below our expected support level at 1.5653 and met our first target at 1.5606. Technically, development of the trend might occur in any direction now. Clearance of next resistance level at 1.5647 (R1) would suggest next targets at 1.5696 (R2) and any further rise will be limited by last resistance at 1.5755 (R3) intraday. From the other side, loss of next support at 1.5605 (S1) might encourage executing of orders and drive market price towards to the next targets at 1.5555 (S2) and 1.5501 (S3) levels.

---------------
USDJPY : 78.544 / 78.549
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/10082012/USDJPY.gif

79.20 | 79.01 | 78.79
78.48 | 78.29 | 78.09

SUMMARY : Sideway
TREND U : pward penetration
MA10 : Bearish
MA20 : Bullish
STOCHASTIC : Neutral

MARKET ANALYSIS - Intraday Analysis

As expected yesterday, USDJPY continued its range trading mode and we are not expecting the sentiment change today. Next support level stays at 78.48 (S1). Brake here would suggest next target at 78.29 (S2), where we can see reversal of the intraday tendency. Any further fall would then be limited by last support at 78.09 (S3). From the upper side, next resistance levels locates at 78.79 (R1) and 79.01 (R2). In current market conditions we suggest to wait for clear signal of market sentiment change.

Source: FX Central Clearing Ltd, ( ECN Forex Trading System | What Is Forex | Forex Live | FXCC (http://www.fxcc.com) )

alayoua

08-13-2012, 02:31 AM

Market Overview by FXCC Aug 13 2012

USD, from here to eternity - UBS

The US Dollar is likely to remain the world's reserve currency over the next fifty years, says Mansoor Mohi-uddin Head of Foreign Exchange Strategy at UBS Macro Research. "This eternity forecast could be derailed if a deadlocked Congress refused to raise America's debt ceiling, yet, in the absence of the US government defaulting in future, the dollar's dominance may prove surprisingly durable" Mr. Mohi-uddin said in a research note.

London session ahead has almost no EUR macro data related, with only German wholesale price index at 06:00 GMT, followed by French current account 45 minutes later, and Greek prelim 2Q GDP at 09:00 GMT. Little bit busier in the sovereign debt auctions front, Germany will sell up to € 4B in 6 month bills at 06:00 GMT, while Italy will auction up to € 8B in 12 month bills.
Read More
https://support.fxcc.com/email/technical/13082012/

UPCOMING EVENTS :
2012-08-13 06:00 GMT | Germany. Wholesale Price Index (YoY) (Jul)
2012-08-13 22:45 GMT | New Zealand. Retail Sales (QoQ) (Q2)
2012-08-13 23:00 GMT | United Kingdom. RICS Housing Price Balance (Jul)
2012-08-13 23:50 GMT | Japan. BoJ Monetary Policy Meeting Minutes

FOREX NEWS :
2012-08-13 04:14 GMT | GBP/AUD sideways, off 6-month lows
2012-08-13 03:50 GMT | EUR/JPY holding above 96.00
2012-08-13 03:25 GMT | AUD/USD gently bid above 1.0550
2012-08-13 02:44 GMT | Downside USD/JPY risks appear limited - UBS

EURUSD : 1.22841 / 1.22845
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/13082012/EURUSD.gif

1.2490 | 1.2402 | 1.2327
1.2240 | 1.2165 | 1.2085

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

MARKET ANALYSIS - Intraday Analysis

Market sentiment remains positive on the medium term perspective. The crossing of moving averages recently could be considered as signal of uptrend direction priority for today. A break above 1.2327 (R1) would suggest target at 1.2402 (R2) and further gain will then be limited at 1.2490 (R3). However break below the 1.2240 (S1) level might provide space for further retracement development. We suggest next target at 1.2165 (S2), brake here is required to enable final target at 1.2085 (S3).

-------------------
GBPUSD : 1.56679 / 1.56690
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/13082012/GBPUSD.gif

1.5805 | 1.5755 | 1.5702
1.5656 | 1.5605 | 1.5555

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

MARKET ANALYSIS - Intraday Analysis

Instrument stabilized after the Friday’s appreciation. Currently pair is losing -0.11% from its opening price. If the price manages to stay above suggested support level at 1.5656 (S1), we expect the price to attack next resistance level at 1.5702 (R1). Clearance here is required for the instrument strengthening, next expected target holds at 1.5755 (R2). Any further rise would be limited by last resistance at 1.5805(R3) intraday. On the other hand, drop below support level at 1.5656 (S1) would suggest next target at 1.5605 (S2). Final support level for today holds at 1.5555 (S3).

--------------
USDJPY : 78.305 / 78.310
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/13082012/USDJPY.gif

78.79 | 78.60 | 78.41
78.14 | 77.92 | 77.70

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

MARKET ANALYSIS - Intraday Analysis

We are not expecting significant volatility increase today however BoJ Monetary Policy Meeting Minutes at 23:50 GMT might assist to the trend development. A break above the first resistance level at 78.41 (R1) would suggest next target at 78.60 (R2). If the price holds its momentum on the upside we can expect a further rise towards to 78.79 (R3). On the other hand, if the price does not manage to break above 78.41 (R1) we can expect the pair to retest support at 78.14 (S1) and a further fall will be targeted at 77.92 (S2). Successful brake here might expose last target at 77.70 (S3).

Source: FX Central Clearing Ltd, ( ECN Forex Trader | Forex Strategies | Forex Trading Software | FXCC (http://www.fxcc.com) )

WindsorBrokers

08-13-2012, 04:28 AM

EUR/USD
One week descend off 1.2440 double-top, has so far retraced exactly 50% of initial 1.2042/1.2240 upleg, with downside pressure seen on lower timeframes. Consolidation above last Friday’s 1.2240 low, was unable to clear 1.2300 barrier, as 55 day EMA capped the upside and near-term price action moving sideways. Immediate support lies at 1.2260, overnight’s low, ahead of 1.2240, key near-term level, below which to signal further extension lower, with significant support zone at 1.2220/00, along with Fib 61.8%, seen next. Near-term range’s high at 1.2315, offers initial barrier, while regain of 1.2350/1.2400 would reduce the downside risk.

Res: 1.2300, 1.2315, 1.2345, 1.2364
Sup: 1.2260, 1.2240, 1.2220, 1.2200

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20120813075910.gif

GBP/USD
The larger picture shows the pair entrenched within 1.5500/1.5760 range, with 200 day SMA keeping the upside protected, while daily studies showing slight improvement. Hourly outlook, however, holds positive tone, as last Friday’s rally touched psychological 1.5700 barrier, with series of higher highs, seeing potential for possible attack at the upper range boundaries. Corrective action should ideally find ground at 1.5640 zone, otherwise, risk of losing 1.5600 handle and possible revisiting 1.5570/50 support zone, would be likely near-term scenario.

Res: 1.5681, 1.5700, 1.5729, 1.5766
Sup: 1.5653, 1.5640, 1.5625, 1.5600

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20120813075839.gif

USD/JPY
Sideways movement and consolidation of short-term losses above 78.00, are shown on a daily chart, with studies in the negative territory and upside being capped at 78.80/79.20 zone, where also 200 day SMA lies. Clear break here is required to signal more serious action. More negative tone is seen on a lower timeframes, with hourly structure showing near-term correction on oversold conditions, with strong barrier seen at 78.40, where 4h 20/55 day EMA’s bearish crossover, keeps the pair under pressure. Fresh losses will be seen on potential loss of strong support and range bottom at 78.00 that is seen as a trigger for test of 77.65, 01 June low.

Res: 78.34, 78.45, 78.64, 78.78
Sup: 78.15, 78.00, 77.93, 77.65

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20120813075816.gif

USD/CHF
Short-term outlook remains positive, as the pair resumes its corrective move off 0.9654, 06 Aug low, with nearly 50% of 0.9970/0.9654 downmove seen on last Friday’s brief break above 0.9800 barrier. Near-term price action is in a consolidative mode, with important support at 0.9750 zone, also 20/55 day EMA’s, expected to hold the downside for fresh push higher, and near-term studies in the positive field. Immediate upside targets lie at 0.9800 zone, with clear break here required to resume rally towards 0.9850. Loss of 0.9750, however, would delay and turn the near-term structure negative.

Res: 0.9784, 0.9800, 0.9808, 0.9850
Sup: 0.9761, 0.9747, 0.9700, 0.9656

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20120813075755.gif

alayoua

08-14-2012, 02:24 AM

Market Overview by FXCC Aug 14 2012

BoJ minutes: members continue to pursue powerful easing

Minutes of the Monetary Policy Meeting in Japan on July 11 and 12 have been published, without any significant surprise. Comparing the forecasts in the April 2012 Outlook for Economic Activity and Prices, BoJ minutes reads: "Growth prospects will likely remain broadly unchanged. With regard to prices, the year-on-year rate of change in the domestic corporate goods price index will likely be somewhat lower for fiscal 2012 but broadly in line with the April forecasts for fiscal 2013. The year-on-year rate of change in the CPI (all items less fresh food) is expected to be broadly in line with the April forecasts."

London session ahead will be a busy one in terms of EUR macro data related, with main risk event for the European morning in the form of German ZEW economic sentiment at 09:00 GMT. But earlier will come French prelim 2Q GDP and CPI m/m, followed by German prelim 2Q GDP at 06:00 GMT, French jobs data 45 minutes later, EUR flash GDP at same time than ZEW, and EU industrial production. Following US session will bring more key figures like US PPI and retail sales at 12:30 GMT which usually move markets. In the GBP front the UK will publish its CPI numbers on yearly basis at 08:30 GMT, which could bring volatility to EUR/GBP cross. In the EZ sovereign debt auctions arena Greece will try to sell up to € 3.125 B worth in 13 week bills. (fxstreet.com)
Read More
https://support.fxcc.com/email/technical/14082012/

UPCOMING EVENTS :
2012-08-14 08:30 GMT | United Kingdom. Consumer Price Index (YoY) (Jul)
2012-08-14 09:00 GMT | E.M.U. Gross Domestic Product (Q2). Preliminar
2012-08-14 09:00 GMT | Germany. ZEW Survey - Economic Sentiment (Aug)
2012-08-14 12:30 GMT | United States. Retail Sales (MoM) (Jul)

FOREX NEWS :
2012-08-14 04:31 GMT | GBP/USD within 20-pip range below 1.5700
2012-08-14 03:35 GMT | AUD/NZD respecting resistance at 1.3050
2012-08-14 01:16 GMT | AUD/CAD main risk geared to the downside
2012-08-13 23:59 GMT | AUD/USD set for deeper correction?

EURUSD : 1.23567 / 1.23570
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/14082012/EURUSD.gif

1.2513 | 1.2444 | 1.2376
1.2310 | 1.2240 | 1.2164

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

MARKET ANALYSIS - Intraday Analysis

Germany Economic Sentiment release and E.M.U GDP release at 09:00 GMT in focus today as major market drivers. We suggest next resistance level for today at 1.2376 (R1), yesterday high. Rise above it might lead to the trend development with next targets at 1.2444 (R2). Further appreciation is possible in case of successful clearance here, last suggested target at 1.2513 (R3). Downside direction is limited by next support level at 1.2310 (S1), loss of which will lead to the next target at 1.2240 (S2). Brake here would enable last support level at 1.2164 (S3) as final target for today.

--------------
GBPUSD : 1.56905 / 1.56912
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/14082012/GBPUSD.gif

1.5805 | 1.5762 | 1.5718
1.5672 | 1.5625 | 1.5577

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

MARKET ANALYSIS - Intraday Analysis

Consumer Price index release at 08:30 GMT might provide us with the market sentiment for the remaining of the day. Essential resistance for today holds at 1.5718 (R1), yesterday fresh high. Rising up above this level might be a signal for uptrend development with next targets at 1.5762 (R2) and 1.5805 (R3). On the other point, if the market manage to brake next support level at 1.5672 (S1), next implied targets would be at 1.5625 (S2) and 1.5577 (S3).

-----------------
USDJPY : 78.450 / 78.455
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/14082012/USDJPY.gif

78.79 | 78.65 | 78.49
78.35 | 78.16 | 77.99

SUMMARY : Sideway
TREND : Upward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought

MARKET ANALYSIS - Intraday Analysis

Today pair appreciates by 0.15% at the current moment. From the technical side, next resistance level lie at 78.49 (R1), clearance here might provide potential to go higher. Next expected target would be at 78.65 (R2), any further gains would be limited by last resistance for today at 78.79 (R3), psychological level. Risk of price depreciation is seen below next support at 78.35 (S1). Price progress below it might expose next target at 78.16 (S2). Brake here is required to put in focus last support level at 77.99 (S3) as intraday final target

Source: FX Central Clearing Ltd,( Best Forex Broker | ECN Online Forex Trading | Forex Signal | FXCC (http://www.fxcc.com) )

WindsorBrokers

08-14-2012, 04:19 AM

EUR/USD
Maintains near-term positive tone, with yesterday’s rally extending gains to 1.2372 so far. As the price holds above psychological 1.2300 level and corrective pullback being contained at our initial support / 20 day EMA at 1.2320, fresh strength is looking for retest of 1.2372, above which to open 1.2386, 09 Aug high and 1.2400, figure resistance / 55 day SMA. Any dips should be held above 1.2300 handle, otherwise risk of revisiting recent lows would increase, as larger picture still shows bears in play.

Res: 1.2372, 1.2386, 1.2400, 1.2428
Sup: 1.2343, 1.2324, 1.2315, 1.2300

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20120814070557.gif

GBP/USD
The pair holds positive near-term structure, as the price action moves around 1.5700 handle, following yesterday’s brief break higher to 1.5716. Immediate targets at very strong resistance zone at 1.5720, 200 day MA and range tops at 1.5760, remain in focus, as near-term indicators stay in the positive territory, with higher base at 1.5656, reinforced by 55 day EMA, expected to contain dips.

Res: 1.5716, 1.5720, 1.5736, 1.5766
Sup: 1.5673, 1.5656, 1.5640, 1.5625

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20120814070538.gif

USD/JPY
The near-term price action continues to move higher, supported by positive near-term studies, after finding ground at 78.15 zone. However, short-term range-trade will continue, unless the upper boundary at 78.80, also Fib 38.2% of 80.09/77.90, is cleared. Dominating negative tone on the larger timeframe, requires caution, as 200 day SMA at 79.16, keeps the upside protected for now.

Res: 78.59, 78.64, 78.78, 79.00
Sup: 78.45, 78.36, 78.28, 78.15

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20120814070519.gif

USD/CHF
The pair remains at the back foot, as yesterday’s extension under 0.9750, tested our next target at 0.9700, with subsequent bounce being capped by descending 20 day EMA at 0.9742, just under initial 0.9750 barrier. Fresh weakness, supported by negative near-term studies, looks for break below important 0.9700 level, loss of which to signal lower top at 0.9808 and turn focus towards 0.9655, 07/08 Aug double-bottom and daily 55 day EMA.

Res: 0.9742, 0.9750, 0.9784, 0.9800
Sup: 0.9700, 0.9684, 0.9664, 0.9656

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20120814070500.gif

alayoua

08-15-2012, 02:34 AM

Market Overview by FXCC Aug 15 2012

EUR little moved with half Europe closed on holidays

EUR/USD has just had another quiet and slow Asia-Pacific trading session, last at 1.2323, slightly above opening and session lows price at 1.23156, and below session highs at 1.2332, thus counting for a 16 pip range trading session. Nothing too exciting. The pair comes from a weekly high yesterday at 1.2385 following better than expected German prelim GDP, and holding above yesterday's lows and support at 1.2320. Local share markets are over all in the red, with Nikkei index below the 8900 points down -0.60%.

London session ahead will have to deal with half Europe closed on holidays, and no EUR macro data related at all, not even EZ sovereign debt auctions, and only UK unemployment figures coming out due at 08:30 GMT, which could bring volatility to the EUR/GBP cross. According to VIX, index that measures volatility in SP500 index put options, it is reading at a 5 year lows, which in some way shows how these markets are lacking movement as of late. European futures point to a lower open, according to Bloomberg. (fxstreet.com
Read More
https://support.fxcc.com/email/technical/15082012/

UPCOMING EVENTS :
2012-08-15 08:30 GMT | United Kingdom. Bank of England Minutes
2012-08-15 12:30 GMT | United States. Consumer Price Index (Jul)
2012.08.15 13:15 GMT | United States. Industrial Production (Jul)
2012.08.15 14:30 GMT | United States. EIA Crude Oil Stocks change (Aug 10)

FOREX NEWS :
2012-08-15 04:37 GMT | GBP/USD investors await further cues, BoE eyed
2012-08-15 03:56 GMT | GBP/AUD erases all Aug losses back above 1.49
2012-08-15 03:51 GMT | GBP/JPY consolidating after overnight gains
2012-08-15 02:07 GMT | WSJ story adds pressure on Aussie longs

---------------
EURUSD : 1.23303 / 1.23307
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/15082012/EURUSD.gif

1.2445 | 1.2405 | 1.2385
1.2310 | 1.2295 | 1.2270

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

MARKET ANALYSIS - Intraday Analysis

United States Consumer Price Index release at 08:30 GMT is the next macroeconomic data in focus. Next resistance level holds at 1.2385 (R1) level. Clearance here is required for instrument strengthening, next expected target at 1.2405 (R2). Further price appreciation would then be limited by last resistance level for today at 1.2445 (R3). On the other hand, possible price decline might arise below the next support level at 1.2310 (S1). We suggest next target at 1.2295 (S2), successful brake here would enable next target for today at 1.2270 (S3).

----------------
GBPUSD : 1.56746 / 1.56752
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/15082012/GBPUSD.gif

1.5805 | 1.5765 | 1.5725
1.5600 | 1.5570 | 1.5535

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

MARKET ANALYSIS - Intraday Analysis

Bank of England minutes at 08:30 GMT might bring additional volatility to the markets. Our next resistance level locates today at 1.5725 (R1). Break above that level would suggest target at 1.5765 (R2), technical level for the Bulls. Rise above it will then focus on 1.5805 (R3), last resistance level. For the downside development, fall below next support level at 1.5600 (S1) would open way for the next expected target at 1.5570 (S2). Further easing might face final support at 1.5535 (S3) level.

--------------
USDJPY : 78.793 / 78.798
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/15082012/USDJPY.gif

79.39 | 79.05 | 78.90
78.35 | 78.16 | 77.99

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

MARKET ANALYSIS - Intraday Analysis

USDJPY remains to be traded in a range mode. Possible trend development is seen above next resistance level at 78.90 (R1). Break here is required to open way for further appreciation with next targets at 79.05 (R2) and 79.39 (R3) in extension. On the other hand, price decline towards to our support levels at 78.35 (S1) could trigger further Bearish pressure targeting our next support level at 78.16 (S2). A break below it would suggest last target for today at 77.99 (S3).

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

alayoua

08-16-2012, 04:15 AM

Market Overview by FXCC Aug 16 2012

Late 2012/early 2013 best guess for next QE3 - Goldman Sachs

Goldman Sachs chief economist Jan Hatzius recent note to clients warns of the increasing possibility of further delays on the Fed communicating the next easing package to the market. "While QE3 at the September 12-13 FOMC meeting remains possible, our best estimate is that it will take until late 2012/early 2013 before Fed officials return to balance sheet expansion."

London session ahead will be another one again with almost no EUR macro data related to be released, but EU CPI figures at 09:00 GMT as most critical, while in the EZ sovereign debt auctions front there was a Spanish one that has been canceled. Risk premium between Germany and Spain fell yesterday to a several days low around the 500bps, with German yields rising as risk sentiment is improving, and Spanish 10y yields remaining range-bound below the key 7%. Much worse FDI figures today coming from China showing a decrease in -8.7% in Foreign Direct Investment (YoY) (Jul) have been helping the recent rise in USD. (fxstreet.com)
Read More
https://support.fxcc.com/email/technical/16082012/

UPCOMING EVENTS :
2012-08-16 08:30 GMT | United Kingdom. Retail Sales (YoY) (Jul)
2012-08-16 09:00 GMT | E.M.U. Consumer Price Index (YoY) (Jul)
2012-08-16 12:00 GMT | United States. Building Permits (MoM) (Jul)
2012-08-16 14:00 GMT | United States. Philadelphia Fed Manufacturing Survey (Aug)

FOREX NEWS :
2012-08-16 04:33 GMT | GBP/USD range bound, UK Retail Sales on offer
2012-08-16 03:59 GMT | AUD/USD top heavy, still above 21-day EMA
2012-08-16 03:51 GMT | AUD/NZD ranging above 1.3000
2012-08-16 03:06 GMT | GBP/JPY aiming toward key Fibo resistance

----------------
EURUSD : 1.22709 / 1.22714
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/16082012/EURUSD.gif

1.2373 | 1.2344 | 1.2310
1.2263 | 1.2224 | 1.2183

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

MARKET ANALYSIS - Intraday Analysis

Yesterday instrument dropped below our suggested support level at 1.2310 and met our target at 1.2270. Instrument stabilized on the Asian session and we expect further decrease later on today as major scenario, however clearance of next resistance level at 1.2310 (R1) would open road to the next targets at 1.2344 (R2) and 1.2373 (R3). Our next support level at locates at 1.2263 (S1), technically important level (Yesterday low). Loss here might encourage executing of orders and drive market price towards to the next targets at 1.2224 (S2) and 1.2183 (S3) levels.

---------------
GBPUSD : 1.56421 / 1.56424
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/16082012/GBPUSD.gif

1.5778 | 1.5740 | 1.5703
1.5659 | 1.5623 | 1.5583

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

MARKET ANALYSIS - Intraday Analysis

GBPUSD continue its sideways movements. We suggest waiting for a clear signal of directional movement. Next important technical resistance stay at 1.5703 (R1), brake here is required for market expansion towards to next target at 1.5740 (R2) and any further increase would be limited by final resistance at 1.5778 (R3). Failure to go higher might push markets to retest previous day low at 1.5659 (S1), which is currently our next support level. Brake here would suggest next target at 1.5623 (S2) and any further fall would then be limited by last support at 1.5583 (S3).

-----------
USDJPY : 79.282 / 79.286
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/16082012/USDJPY.gif

79.84 | 79.64 | 79.45
79.05 | 78.85 | 78.63

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

MARKET ANALYSIS - Intraday Analysis

On the Asian session we saw significant volatility increase and market provide us with a clear signal of uptrend development. Currently USDJPY gained +0.46 % and we expect further appreciation towards to our next resistance levels at 79.45 (R1) and 79.64 (R2) later on today. Intraday price increase looks limited by last resistance level at 79.84 (R3). Development of the correction is possible from current levels. Next support level locates at 79.05 (S1), brake here would suggest next targets at 78.85 (S2) and 78.63 (S3) in potential.

Source: FX Central Clearing Ltd,( Forex Calculator | ECN Forex Training | Forex Demo Account | FXCC (http://www.fxcc.com) )

WindsorBrokers

08-16-2012, 04:36 AM

EUR/USD
Near-term picture turns negative, as the price slides below 1.2300 support, following an upside rejection under 1.2400 barrier, where the med-term bear-trendline off 1.3282, 01 May peak, capped gains. Initial support at 1.2260 has been tested, with 1.2300 offering initial resistance, as key short-term support at 1.2240, 10 Aug low / 50% of 1.2042/1.2441, comes in focus, with extension to 1.2200, seen on a break.

Res: 1.2300, 1.2342, 1.2386, 1.2400
Sup: 1.2258, 1.2240, 1.2220, 1.2200

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20120816074630.gif

GBP/USD
The pair accelerates losses on a break below 1.5655 platform, turning the near-term outlook negative and keeping strong resistance zone above 1.5700 out of reach for now. Losses have so far retraced 50% of 1.5489/1.5727 ascend, with more significant support zone at 1.5600/1.5570, coming in focus. Larger picture’s range-trade stays intact, as 200 day SMA continues to cap.

Res: 1.5673, 1.5700, 1.5717, 1.5727
Sup: 1.5634, 1.5608, 1.5600, 1.5575

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20120816074556.gif

USD/JPY
The pair continues to trend higher, following break above main bear-trendline at 78.70 and range top at 78.80, with surge through 79.00 barrier and 200 day SMA, looking for test of next significant barrier at 80.00. Overextended conditions on hourly chart, however, signal corrective action, with initial support at 79.00 and 78.80, previous resistance, reinforced by ascending 55 day EMA, expected to contain dips.

Res: 79.35, 79.50, 79.94, 80.09
Sup: 79.00, 78.84, 78.67, 78.59

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20120816074533.gif

USD/CHF
Bounce off important 0.9700 support remains sees potential for further recovery, as the price approaches important barrier at 0.9800 zone, previous high / 50% of 0.9970/0.9655 descend, with break here required to confirm higher low and resume gains. Break above 0.9800 to open 0.9850, Fib 61.8%, next, while support at 0.9750 zone, along with 4h 20/55 day EMA’s crossover, underpins.

Res: 0.9796, 0.9808, 0.9850, 0.9897
Sup: 0.9777, 0.9758, 0.9749, 0.9730

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20120816074404.gif

alayoua

08-17-2012, 02:34 AM

Market Overview by FXCC Aug 17 2012

Antipodean intervention highly unlikely - ANZ

Direct currency intervention is highly unlikely in Australia or New Zealand in the near term, according to Richard Yetsenga, Andrew Salter & David Croy, strategist at ANZ. "Neither currency is sufficiently over-valued, and it seems unlikely that intervention would be effective." More broadly, "we may be in the early stages of a secular shift in the mix of monetary conditions, involving the combination of stronger currencies and lower interest rates" the team adds.

London session ahead will bring a soft agenda again in EUR macro related terms, starting with Germany PPI at 06:00 GMT, followed by EU current account 2 hours later, and EU trade balance at 09:30 GMT, and no sovereign EZ debt auction on sight for this Friday, as usual for Fridays, with Spanish yields falling while Germany ones rising, thus narrowing their risk premium. Even though session promises to be a quiet one, given current low liquidity conditions, and Spanish gov council meeting today, this could bring some surprising headlines around causing some wide moves. (fxstreet.com)
Read More
https://support.fxcc.com/email/technical/17082012/

UPCOMING EVENTS :
2012-08-17 06:00 GMT | Germany. Producer Price Index (YoY) (Jul)
2012-08-17 09:00 GMT | E.M.U. Trade Balance(Jun)
2012-08-17 12:30 GMT | Canada. Consumer Price Index (YoY) (Jul)
2012-08-17 13:55 GMT | United States. Michigan Consumer Sentiment Index (Aug)

FOREX NEWS :
2012-08-17 04:35 GMT | EUR/USD holding around Fib 1.2340
2012-08-17 04:34 GMT | GBP/USD top-heavy in late Asia
2012-08-17 03:38 GMT | AUD/JPY consolidates below 83.50
2012-08-17 03:19 GMT | AUD/USD drops to session lows, manages to stay around 1.0500

------------
EURUSD : 1.23550 / 1.23551
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/17082012/EURUSD.gif

1.2430 | 1.2401 | 1.2373
1.2330 | 1.2298 | 1.2264

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

MARKET ANALYSIS - Intraday Analysis

Yesterday, EURUSD hit our support level at 1.2263 but did not manage to stabilize below it and reversed above our resistance level at 1.2310. Our suggested target was met at 1.2344 successfully. Next resistance level and target for yesterday remain at 1.2373 (R1). Rise above it might lead to the further trend development with next targets at 1.2401 (R2) and 1.2430 (R3) in potential today. Downside direction is limited by next support level at 1.2330 (S1), price decrease below it would be targeting next support at 1.2298 (S2). Brake here would suggest last support level at 1.2264 (S3) as final target for today.

------------
GBPUSD : 1.57120 / 1.57128
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/17082012/GBPUSD.gif

1.5815 | 1.5778 | 1.5740
1.5687 | 1.5653 | 1.5617

SUMMARY : Up
TREND : Sideway
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Overbought

MARKET ANALYSIS - Intraday Analysis

GBPUSD maintained correction by penetrating below our suggested support level at 1.5659 yesterday. After that pair continued moving upwards above our suggested resistance level at 1.5703 and reached our target at 1.5740. Next resistance for today holds at the same level - 1.5740 (R1). Rising up above this level might suggest next targets at 1.5778 (R2) and 1.5815 (R3) in potential. On the other point, if the market manage to brake next support level at 1.5687 (S1), we might see pull back development with possible targets at 1.5653 (S2) and 1.5617 (S3).

--------------
USDJPY : 79.372 / 79.376
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/17082012/USDJPY.gif

79.83 | 79.63 | 79.45
79.23 | 79.05 | 78.85

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

MARKET ANALYSIS - Intraday Analysis

Pair moved upwards but did not manage to hit any of our resistance levels. Our resistance levels remain the same as yesterday. Next resistance level lie at 79.45 (R1), clearance here might provide potential to go higher. Next expected target would be at 79.63 (R2) and any further gains would then be limited by last resistance at 79.83 (R3). Risk of price depreciation is seen below next support at 79.23 (S1). Price progress below it might expose next target at 79.05 (S2). Brake here is required to put in focus last support level at 78.85 (S3) as intraday final target.

Source: FX Central Clearing Ltd,( Forex Blog | Forex Market Hours | ECN Automated Forex Trading] | FXCC (http://www.fxcc.com) )

alayoua

08-21-2012, 02:31 AM

Market Overview by FXCC Aug 20 2012

Market sentiment set for September boost – Wells Fargo

With global equities up 11% from their June trough and while market volatility is at multi-year lows, Wells Fargo has noted a cautiously positive tone in FX in recent weeks: “Looking ahead, we expect European events to evolve favorably overall in September, which could further boost market sentiment,” says Wells Fargo in a research note. “Against this backdrop, the euro could see a further corrective rally towards $1.2750 and perhaps even $1.3000. For commodity and emerging currencies, we see the Canadian dollar, Mexican peso and Singapore dollar as candidates for currency appreciation.”

In another typical summer holiday session in Europe, the London session ahead will bring a blank economic agenda with no major risk events EUR related. In the sovereign debt auctions front Spain will focus the attention selling up to € 4.5B in 12-18 month bills, while its 10 year yields hit a new 7-week lows at 6.16% yesterday and the risk premium with Germany below the 500 bps. Headlines will keep driving market action on constant speculation about the future of the euro crisis. Starting tomorrow, several key meetings will take place among EZ leaders to deal on current situation.
Read More
https://support.fxcc.com/email/technical/21082012/

UPCOMING EVENTS :
2012-08-21 08:30 GMT | United Kingdom. Public Sector Net Borrowing (Jul)
2012-08-21 10:00 GMT | United Kingdom. CBI Industrial Trends Survey - Orders (MoM) (Aug)
2012-08-21 17:00 GMT | Canada. BoC Governor Council Member Cote Speaks
2012-08-21 23:50 GMT | Japan. Merchandise Trade Balance Total (Jul)

FOREX NEWS :
2012-08-21 04:28 GMT | GBP/USD aiming higher, UK public finances eyed
2012-08-21 04:24 GMT | EUR/USD stretching around 1.2350
2012-08-21 02:05 GMT | EUR/AUD dips to session lows post-RBA
2012-08-21 01:53 GMT | AUD/NZD headed lower in a 6-9 month time horizon - BNZ

----------------------
EURUSD : 1.23592 / 1.23597
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/21082012/EURUSD.gif

1.2408 | 1.2389 | 1.2369
1.2341 | 1.2321 | 1.2301

SUMMARY : Sideway
TREND : Upward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought

MARKET ANALYSIS - Intraday Analysis

EURUSD moved without priority in direction yesterday’s trading session. Currently pair is stabilized above our suggested resistance level at 1.2354. Today we are not expecting significant volatility increase on the markets however break above next resistance level at 1.2369 (R1) would suggest next target at 1.2389 (R2). If the price holds its momentum on the upside we can expect a further rise towards to 1.2408 (R3). On the other hand, loss of next support at 1.2341 (S1) might lead to the further correction development and expose targets at 1.2321 (S2) and 1.2301 (S3) levels.

------------------
GBPUSD : 1.57260 / 1.57265
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/21082012/GBPUSD.gif

1.5802 | 1.5775 | 1.5744
1.5702 | 1.5672 | 1.5643

SUMMARY : Sideway
TREND : Upward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought

MARKET ANALYSIS - Intraday Analysis

GBPUSD successfully penetrated above our expected resistance level at 1.5714 and now is moving toward to our next technically important resistance level at 1.5744 (R1). Clearance here would suggest next target at 1.5775 (R2), and any further rise would then be limited by last resistance at 1.5802 (R3) intraday. From the other side, loss of next support level at 1.5702 (S1) might encourage executing of orders and drive market price towards to the next target at 1.5672 (S2). Brake here is required to put in focus final support level at 1.5643 (S3) levels.

-----------
USDJPY : 79.299 / 79.304
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/21082012/USDJPY.gif

79.86 | 79.66 | 79.48
79.17 | 78.98 | 78.78

SUMMARY : Up
TREND : Downward penetration
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold

MARKET ANALYSIS - Intraday Analysis

As expected yesterday, USDJPY continued its correction development and declined below our suggested support level at 79.37. Currently instrument is targeting our next support level at 79.17 (S1). Brake here would suggest next target at 78.98 (S2) and any further fall would then be limited by last support at 78.78 (S3). From the upper side, next resistance level locates at 79.48 (R1), rise above it would enable next target at 79.66 (R2), technically important level for the market sentiment change. Brake he might lead to the further uptrend development with expected target at 79.86 (R3).

Source: FX Central Clearing Ltd, ( Forex Strategy | ECN Forex Trading Systems | Forex Exchange Rates | FXCC (http://www.fxcc.com) )

alayoua

08-22-2012, 02:26 AM

Market Overview by FXCC Aug 22 2012

Forget AUD intervention; RBA rate cuts far more likely - UBS

AUDUSD failed to have a close above 1.05 on Tuesday, with today's price action printing steady declines since the opening of the Australian market. Yesterday, the RBA signaled that remains in a wait-and-see mode as the effects of previous rate cuts continue to percolate through the economy. According to UBS strategist Chris Walker, "attention now shifts to Governor Stevens' semi-annual parliamentary testimony on August 24, especially in the wake of the Treasury's comments last week highlighting the strength of the currency." UBS very much doubt the RBA is poised to intervene in the currency markets, and "if the tightening impact of a strong currency eventually becomes too severe, the bank is far more likely to respond with rate cuts rather than a round of FX intervention" Chris adds.

For second day in a row no major EUR macro data related will be released during London session hours, leaving main risk events for the NY session ahead, starting with US new home sales at 14:00 GMT followed by FOMC minutes at 18:00 GMT. In the sovereign debt auctions front Germany will sell up to € 5B in 2 year federal notes at 06:00 GMT, while Spain had a good auction yesterday and its 10 year yields are down for 10th consecutive day around 6.2%, and risk premium with Germany below the 500bps.
Read More
https://support.fxcc.com/email/technical/22082012/

2012-08-22 12:30 GMT | Canada. Retail Sales (MoM) (Jun)
2012-08-22 14:00 GMT | United States. Existing Home Sales (MoM) (Jul)
2012-08-22 15:00 GMT | Canada. BoC Governor Mark Carney Speech
2012-08-22 18:00 GMT | United States. FOMC Minutes

2012-08-22 04:38 GMT | GBP/USD: sideways above 200 EMA
2012-08-22 03:48 GMT | EUR/JPY consolidates below 100-day EMA
2012-08-22 03:24 GMT | GBP/AUD should press higher in coming weeks - Westpac
2012-08-22 02:20 GMT | EUR/AUD extends above key Fibo resistance

EURUSD : 1.24679 / 1.24684
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/22082012/EURUSD.gif

1.2559 | 1.2524 | 1.2488
1.2447 | 1.2415 | 1.2383

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

MARKET ANALYSIS - Intraday Analysis

Yesterday we saw significant volatility increase. EURUSD broke up our resistance level at 1.2369 and reached our final target at 1.2408. Technically, market sentiment is “Bullish” now and we expect further instrument appreciation on the medium term perspective. Further price increase is expected above the next resistance level at 1.2488 (R1). Brake here is required to enable next targets at 1.2524 (R2) and 1.2559 (R3). On the other hand, consolidation looks reasonable today. Price progress below the next support level at 1.2447 (S1) might expose next targets at 1.2415 (S2) and 1.2383 (S3) in potential.

--------------
GBPUSD : 1.57889 / 1.57898
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/22082012/GBPUSD.gif

1.5855 | 1.5830 | 1.5804
1.5765 | 1.5740 | 1.5717

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

MARKET ANALYSIS - Intraday Analysis

GBPUSD appreciated yesterday above the expected resistance level at 1.5744 and met our last suggested target at 1.5802. Next resistance level ahead locates at 1.5804 (R1), brake here is required to enable next target at 1.5830 (R2) and any further rise would then be limited to 1.5855 (R3). However development of the price retracement is reasonable today. Instrument depreciation below the next support level at 1.5765 (S1) might expose next targets at 1.5740 (S2) and 1.5717 (S3) in potential.

----------------
USDJPY : 79.273 / 79.277
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/22082012/USDJPY.gif

79.86 | 79.66 | 79.48
79.17 | 78.98 | 78.78

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

MARKET ANALYSIS - Intraday Analysis

USDJPY hit our resistance level at 79.48 and continued moving lower. All supports and resistance levels remain the same as yesterday. If the market manage to climb above our next resistance level at 79.48 (R1), we expect next target to be achieved at 79.66 (R2) and any further rise would then be targeting to 79.86 (R3). Clear brake below the 79.17 (S1) would enable next target at 78.98 (S2). Successful clearance here is required to put in pocus final support level at 78.78 (S3), intraday.

Source: FX Central Clearing Ltd, ( ECN Forex Indicators | Learn Forex | Trade Forex | FXCC (http://www.fxcc.com) )

WindsorBrokers

08-22-2012, 05:32 AM

EUR/USD
Driven by the news, the single currency broke out of short-term range, when gains accelerated, to clear key short-term barrier at 06/07 Aug double top at 1.2440. Positive sentiment that came in play on increased risk appetite, keeps the upside in focus in the near-term, as gains approached initial target at 1.2500. Consolidative action on overbought hourlies is under way, with possible deeper reversal to be ideally contained at/above 1.2415/00 zone, where Fib 38.2% and 55 day EMA, along with psychological 1.2400 level, offer good support.

Res: 1.2477, 1.2486, 1.2500, 1.2520
Sup: 1.2440, 1.2415, 1.2400, 1.2380

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20120822083424.gif

GBP/USD
The pair consolidates its yesterday’s gains that broke above two-month range top and cracked our initial target at 1.5800. Shallow reversal on overbought hourly conditions has so far been contained by strong support of 20 day EMA and previous range ceiling at 1.5775, keeping the upside in focus, however, hourly indicators still pointing lower and extended conditions on 4h chart, do not rule out further corrective action. Another good support at 1.5750/40 zone, where Fib 38.2% and 50%, along with previous top and 55 day EMA, is seen as ideal reversal point in case of stronger dips. Only loss of 1.5700/1.5680, higher platform / trendline support, will sideline bulls. On the upside, lift above 1.5800 to open 1.5847, 22 May high, ahead of psychological 1.5900 barrier.

Res: 1.5803, 1.5847, 1.5900, 1.5905
Sup: 1.5765, 1.5753, 1.5743, 1.5722

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20120822083359.gif

USD/JPY
Remains in near-term corrective mode off 79.65, 20 Aug fresh high, where daily Ichimoku cloud capped the upside action. Temporary footstep was found at 79.15, marked as ideal reversal point, along with 79.00/78.90 zone, Fib 38.2% / 50% of 78.15/79.65 and 55 day EMA. However, still negative structure on hourly and indicators pointing lower on 4h chart, keep the downside vulnerable. From the other side, clear break above 79.65 is seen as a trigger for test of 80.00.

Res: 79.52, 79.65, 79.94, 80.09
Sup: 79.15, 79.08, 79.00, 78.90

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20120822083340.gif

USD/CHF
The negative sentiment keeps to drive the pair lower, as loss of initial 0.9700 platform, accelerated losses through key short-term support and double bottom at 0.9655, approaching psychological 0.9600 level. Brief consolidation off 0.9617, yesterday’s low, has not shown much of recovery, as negative short-term studies keep the downside in focus, with some delay in stronger slide, to be seen on oversold short-term conditions. Clear break below 0.9600, to expose 0.9650 zone, 90 day SMA / daily Ichimoku cloud base, ahead of psychological 0.9500 level. On the upside, regain of minimum 0.9700/20, is required to ease bear pressure, while 0.9800 zone caps for now.

Res: 0.9655, 0.9700, 0.9720, 0.9747
Sup: 0.9617, 0.9600, 0.9550, 0.9500

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20120822083318.gif

alayoua

08-23-2012, 02:29 AM

Market Overview by FXCC Aug 23 2012

FOMC minutes more dovish than statement suggested - Nomura

The clearest conclusion from the Minutes, according to Nomura economist, is that "the committee appears poised to extend its interest rate guidance at the next meeting, while also suggesting the Committee is closer to implementing another round of LSAPs than was apparent before." It isn't clear, however, how the Committee will interpret the recent improvement in economic data, says Nomura: "The recent increase in payroll employment and retail sales were released after the meeting; if the Committee is likely to initiate a new round of LSAP at their meeting in September Chairman Bernanke may signal that intent in his remarks at the Jackson Hole Symposium on Friday, August 31."

London session ahead will bring again plenty of minor EUR data related after few days lacking of it, starting with German final GDP at 06:00 GMT, followed by flash French PMI 58 minutes later, German flash PMI 30 minutes after, and EU PMI another 30 minutes later. For the late part of London session and early NY will come US initial jobs claims at 12:30 GMT and US new home sales at 14:00 GMT.
Read More
https://support.fxcc.com/email/technical/23082012/

UPCOMING EVENTS :
2012-08-23 07:58 GMT | E.M.U. Markit Manufacturing PMI (Aug). Preliminar
2012-08-23 12:30 GMT | United States. Initial Jobless Claims (Aug)
2012-08-23 14:00 GMT | United States. New Home Sales (MoM) (Jul)
2012-08-23 22:45 GMT | New Zealand. Trade Balance (YoY) (Jul)

FOREX NEWS :
2012-08-23 04:33 GMT | GBP/USD steady around 1.59, EU data eyed
2012-08-23 02:40 GMT | China: Flash PMI drops to 47.8 in August
2012-08-23 01:58 GMT | NZD/USD maintains bullish profile
2012-08-23 00:24 GMT | USD/JPY consolidating losses above 78.50

EURUSD : 1.25388 / 1.25391
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/23082012/EURUSD.gif

1.2628 | 1.2594 | 1.2559
1.2520 | 1.2486 | 1.2448

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

MARKET ANALYSIS - Intraday Analysis

EURUSD dropped below the suggested support levels at 1.2447 yesterday but did not manage to stabilize below it and reversed. Currently pair is moving towards to our target at 1.2559 (R1). Clearance here would suggest next targets at 1.2594 (R2) and 1.2628 (R3). The downside trend evolvement is limited by next support level at 1.2520 (S1), surpassing of which might lead to the next targets at 1.2486 (S2) and 1.2448 (S3). EMU Manufacturing PMI (August) at 07:58 is the next macroeconomic data release in focus.

--------------
GBPUSD : 1.58944 / 1.58953
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/23082012/GBPUSD.gif

1.6010 | 1.5972 | 1.5935
1.5874 | 1.5838 | 1.5805

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

MARKET ANALYSIS - Intraday Analysis

GBPUSD moved above the expected resistance level at 1.5804 and reached our final target at 1.5885 yesterday. A further increase will then bring focus to the next resistance levels at 1.5935 (R1) and 1.5972 (R2). Final resistance can be found at 1.6010 (R3) level. Likely we might see retracement development later on today. Next support level holds at 1.5874 (S1). A break below that level would suggest next target at 1.5838 (S2), further fall would then focus on the last target for today at 1.5805 (S3).

---------------
USDJPY : 78.568 / 78.574
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/23082012/USDJPY.gif

79.13 | 78.93 | 78.73
78.29 | 78.10 | 77.91

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

MARKET ANALYSIS - Intraday Analysis

USDJPY gained momentum yesterday and reached our final target at 78.78. Technically, picture is not clear. Instrument almost recovers all previous week gains and formed fresh low yesterday at 78.29 (S1). Brake here might provide sufficient momentum and expose targets at 78.10 (S2) and 77.91 (S3) in potential. On the other side, further appreciation is expected above the next resistance level at 78.73 (R1) with next suggested targets at 78.93 (R2) and 79.13 (R3).

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

WindsorBrokers

08-23-2012, 04:57 AM

EUR/USD
Continues to trend higher, as yesterday’s fresh rally broke above psychological 1.2500 barrier. Strong resistance at 1.25/6070 zone, Fib 38.2% of 1.3384/1.2042 / 90 day SMA, has been dented, with break here to spark fresh gains towards round figure resistance at 1.2600. However, studies in lower timeframes are overbought, with hourlies already pointing lower and MACD bearish divergence developing on hourly chart that signals a pause in current rally and opens way for corrective easing. Hourly supports lie at 1.2512, 20 day EMA, 1.2500, figure support and 1.2486, Fib 23.6% of 1.2254/1.2552 ascend. More downside risk would be seen on a break below 1.2430/00 zone, Fib 38.2% / yesterday’s low / figure support.

Res: 1.2552, 1.2590, 1.2600, 1.2624
Sup: 1.2512, 1.2500, 1.2486, 1.2430

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20120823083147.gif

GBP/USD
Yesterday’s acceleration through 1.5800 handle, backed by FOMC comments that significantly weakened the greenback, pushed the pair briefly through our next target and psychological barrier and Fib 61.8% of larger 1.6300/1.5267 descend at 1.5900. Positive sentiment, established on a break above two-month congestion top at 1.5776, now sees potential for further gains, with another significant barrier at 1.6000, coming in short-term focus. However, overbought conditions on 1 and 4h chart studies, warns of corrective action preceding fresh rally. Initial supports lie at 1.5880/70 zone, ahead of strong ones at 1.5800/1.5780, loss of which would sideline short-term bears.

Res: 1.5911, 1.5931, 1.5950, 1.6000
Sup: 1.5880, 1.5816, 1.5800, 1.5776

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20120823083103.gif

USD/JPY
The pair loses ground, as reversal from 79.65, 20 Aug high, where gains were capped by daily Ichimoku cloud top, accelerated losses on a break below 200 day MA at 79.20 and breaking below previous strong resistance and previous range top at 78.80, to nearly fully retrace recent 78.15/79.65 rally. Dips so far reached 78.27, with return below broken bear trendline off 84.08, turning the near-term sentiment into negative territory. Brief corrective/consolidative action has so far been limited at 78.60 zone, with more significant bounce required to regain minimum 79.00 to ease bear pressure and avoid revisit of strong support and base at 78.00 zone.

Res: 79.65, 78.80, 78.96, 79.12
Sup: 78.46, 78.27, 78.15, 78.00

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20120823083041.gif

USD/CHF
Acceleration of losses was seen on a break below important 0.9700 and 0.9655 supports, with loss of 0.9600 handle, extending decline to 0.9550 so far, where daily Ichimoku cloud base and 90 day MA offers near-term footstep. Corrective bounce on overextended short-term studies has been signaled on a hourly chart, however, not much of action to be expected as long as important barriers at 0.9655/0.9700 stay intact and only violation of this zone would sideline short-term bears. On the downside, break below 0.9550, to expose figure support at 0.9500, then 0.9461/20, 19/18 June higher base.

Res: 0.9584, 0.9600, 0.9617, 0.9655
Sup: 0.9550, 0.9500, 0.9461, 0.9420

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20120823083017.gif

alayoua

08-24-2012, 05:35 AM

Market Overview by FXCC Aug 24 2012

Likelihood BOJ forced to ease remains high - Nomura

Following the deterioration in the Japanese trade balance in July, Nomura research team expects that while Japanese exports should recover going forward, the recent export weakness has one direct JPY negative implication. According to the bank, it puts further pressure on the BOJ to ease monetary policy again this year. "While US economic data are now suggesting a better near-term outlook, we think the likelihood of the BOJ being forced to ease remains high for the time being" the team notes.

Again London session ahead will show no EUR macro data related risk events on the agenda, with focus on Greek-EZ leaders meetings going on, today with Greek PM Samaras visiting German PM Merkel, and also on Spain possibly asking for the bailout as soon as mid Sept according to sources, with its risk premium back above the 500bps for German 10y yields. As usually for Fridays, no EZ sovereign debt auctions will take place today.
Read More
https://support.fxcc.com/email/technical/24082012/

UPCOMING EVENTS :
2012-08-24 07:45 GMT | Japan. BoJ's Governor Shirakawa Speech
2012-08-24 08:30 GMT | United Kingdom. Gross Domestic Product (QoQ) (Q2)
2012-08-24 12:30 GMT | United States. Durable Goods Orders (Jul)
2012-08-24 13:00 GMT | Belgium. Leading Indicator (Aug)

FOREX NEWS :
2012-08-24 04:31 GMT | GBP/USD moving sideways around 1.5860
2012-08-24 02:39 GMT | EUR/AUD above 1.20; fresh 1-month highs
2012-08-24 00:50 GMT | RBA has not intervened in the FX market, Stevens says
2012-08-24 00:07 GMT | EUR/USD overbought, due for correction?

----------------
EURUSD : 1.25557 / 1.25562
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/24082012/EURUSD.gif

1.2676 | 1.2635 | 1.2594
1.2533 | 1.2490 | 1.2445

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

MARKET ANALYSIS - Intraday Analysis

EURUSD reached our target at 1.5935 yesterday. The Samaras-Merkel meeting might bring additional volatility to the markets. We expect that EURUSD might decline today however the medium term bias remains positive. For the short oriented market participants we suggest next targets at 1.2533 (S1), 1.2490 (S2) and 1.2445 (S3). Tendency reversal is possible from these levels. Uptrend development is limited by next resistance level at 1.2594 (R1). Brake here is essential for “Bullish” market participants. Suggested targets for today holds at 1.2635 (R2) and 1.2676 (R3)

--------------
GBPUSD : 1.58582 / 1.58593
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/24082012/GBPUSD.gif

1.5996 | 1.5952 | 1.5912
1.5838 | 1.5805 | 1.5766

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

MARKET ANALYSIS - Intraday Analysis

GBPUSD remains to be traded in positive tone on the hourly chart. Next news in focus from UK is the Gross Domestic Product release at 08:30 GMT. Currently market trades below the suggested support level at 1.5874 and forming correction. Our next targets stay at the same levels: 1.5838 (S1) and 1.5805 (S2). If the market gains momentum we suggest last support at 1.5766 (S3). Key resistance level is placed above the fresh high, formed yesterday -1.5912 (R1). Expected targets for long direction are placed at 1.5952 (R2) and 1.5996 (R3).

------------
USDJPY : 78.551 / 78.556
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/24082012/USDJPY.gif

79.13 | 78.93 | 78.73
78.29 | 78.10 | 77.91

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

MARKET ANALYSIS - Intraday Analysis

Today we have important news from Japan that might establish trading tone for a today - BoJ's Governor Shirakawa Speech at 07:45 GMT. From the technical side, USDJPY is trading in a range mode at the current moment while medium term bias is negative. Our support and levels remain the same as yesterday - 78.29 (S1), 78.10 (S2) and last one at 77.91(S3). Possibility of the USDJPY strengthening is seen above the resistance at 78.73 (R1), targeting towards to levels at 78.93 (R2) and 79.13 (R3) in potential.

Source: FX Central Clearing Ltd, ( What Is Forex Trading | Forex Trading Signals | ECN Forex Trading Online | FXCC (http://www.fxcc.com) )

WindsorBrokers

08-27-2012, 05:39 AM

EUR/USD

The near-term price action remains in a defensive mode off the last week’s fresh high at 1.2588, just ahead of psychological 1.2600 barrier, where daily Ichimoku cloud top capped the recent rally. Dips have so been contained by hourly20 day EMA at 1.2500 zone. Weak near-term studies keep the downside vulnerable, with break below 1.2500/1.2480 support to open important support and breakpoint at 1.2440/30 area. Only regain of last Friday’s spike high and daily 90 day MA at 1.2560, would provide relief and turn near-term focus towards 1.2600.

Res: 1.2536, 1.2560, 1.2588, 1.2600
Sup: 1.2500, 1.2481, 1.2441, 1.2430

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20120827091424.gif

GBP/USD

Cable’s near-term corrective pullback from 1.5900 zone, last week’s high / Fib 61.8% of 1.6300/1.5267 descend, is attempting to base at 1.5800. Holding above previous range tops and former strong resistance at 1.5770 zone, keeps the near-term focus at the upside levels, as larger picture bulls remain intact for now, with clearance of 1.5900 to expose strong psychological 1.6000 barrier. Alternative scenario would see risk of losing 1.5800/1.5770 supports to expose 1.5730/15, trendline support / 200 day MA.

Res: 1.5850, 1.5868, 1.5890, 1.5911
Sup: 1.5800, 1.5776, 1.5764, 1.5630

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20120827091357.gif

USD/JPY

The pair remains in near-term corrective mode off 78.27 low, but fails to break above initial barrier at previous range top at 78.80. positive tone on the hourly chart, however, sees potential for attack at important barrier at 79.00 zone, where trendline resistance and Fib 61.8% 79.65/78.27 downleg lie, break of which is required to improve still weak short-term structure and expose 200 day MA at 79.30. Otherwise, retest of strong support at base above 78.00, would be the likely scenario.

Res: 78.70, 78.80, 78.96, 79.12
Sup: 78.44, 78.35, 78.27, 78.15

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20120827091335.gif

USD/CHF

The near-term corrective action off 0.9537, last week’s fresh low, gets congested at 0.9520, initial resistance, with the downside being protected by ascending Ichimoku cloud base. As the upside stays capped by 20 day EMA and hourly conditions start to weaken, with price sliding below 0.9600 handle and seeing more downside risk in the near-term. Only clearance of strong barrier and breakpoint at 0.9655, also 55 day EMA and Fib 38.2% of 0.9766/0.9537, would improve the near-term outlook, as larger picture bears off 0.9970 remain in play.

Res: 0.9620, 0.9655, 0.9679, 0.9700
Sup: 0.9580, 0.9557, 0.9537, 0.9500

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20120827091248.gif

alayoua

08-27-2012, 05:45 AM

Market Overview by FXCC Aug 27 2012

Fed’s Jackson Hole conference key event this week - BNZ

The Fed’s Jackson Hole conference, due on Friday, is the event of the week. According to Mike Jones, currency strategist at Bank of New Zealand, "some of the market impact of Bernanke’s speech has been nullified by last week’s dovish Fed minutes." The analyst adds: "The speech is expected to be used to map out the policy (easing) options facing the Fed. If this has the effect of hardening Fed easing expectations then the USD should continue to suffer."

London session ahead will be a quiet one in regards of London closing for holidays and lack of macro economic data EUR related but German Ifo business climate at 08:00 GMT as the most important, preceded by German import price index at 06:00 GMT, and Chicago Fed Evans speaking at 10:00 GMT. In the euro zone sovereign debt auctions front, France and Germany will sell short term treasury bills.
Read More
https://support.fxcc.com/email/technical/27082012/

UPCOMING EVENTS :
2012-08-27 06:00 GMT | Japan. Machine Tool Orders (YoY) (Jul)
2012-08-27 08:00 GMT | Germany. IFO - Business Climate (Aug)
2012-08-27 14:30 GMT | United States. Dallas Fed Manufacturing Business Index (Aug)
2012-08-27 16:15 GMT | United States. FOMC Member Pianalto Speaks

FOREX NEWS :
2012-08-27 04:57 GMT | GBP/USD quiet around 1.58, outlook bearish – V.Bednarik
2012-08-27 04:21 GMT | EUR/NZD set to push above 55-day EMA?
2012-08-27 03:20 GMT | EUR reaches smallest net short position since May - Nomura
2012-08-27 01:41 GMT | AUD/USD falls sharply; Only China fix catalyst?

EURUSD : 1.25073 / 1.25078
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/27082012/EURUSD.gif

1.2635 | 1.2594 | 1.2547
1.2482 | 1.2446 | 1.2406

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

MARKET ANALYSIS - Intraday Analysis

On Friday EURUSD formed correction and reached our target at 1.2490. Today we expect quiet day ahead however technically important targets might be achieved lat. Upside direction is limited by the next resistance level at 1.2547 (R1), brake here would enable higher targets at important technical level 1.2594 (R2). Momentum on the upside direction might expose last target at 1.2635 (R3) in potential. Loss of the next support level at 1.2482 (S1) would put in focus next target at 1.2446 (S2) and any further fall would then be limited by last support at 1.2406 (S3).

--------------
GBPUSD : 1.58074 / 1.58085
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/27082012/GBPUSD.gif

1.5911 | 1.5873 | 1.5838
1.5796 | 1.5766 | 1.5733

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

MARKET ANALYSIS - Intraday Analysis

GBPUSD did not show the essential momentum on Friday and remained to be traded is sideways mode however our target at 1.5805 was achieved. Fresh low at 1.5796 (S1) is the next support level. Market penetration below it might encourage execution of the short trades and drive market price towards to the next target at 1.5766 (S2). Potential is seen to reach last support level at 1.5733 (S3) in perspective. For the long positions it is preferably to wait the 1.5838 (R1) brake out. We suggest next targets at 1.5873 (R2) and 1.5911 (R3) in potential.

-----------------
USDJPY : 78.756 / 78.762
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/27082012/USDJPY.gif

79.37 | 79.14 | 78.93
78.62 | 78.45 | 78.28

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

MARKET ANALYSIS - Intraday Analysis

USDJPY broke our resistance level at 78.73 today and now moving towards to our next target at 78.93 (R1). Brake here would enable higher target at 79.14 (R2) and any further rise would then be limited by 79.37 (R3). The downtrend resuming is possible from these levels. On the other hand if price manage to stay below the next resistance at 78.93 (R1), we expect the price to retest our support at 78.62 (S1), brake below that level would suggest next targets at 78.45 (S2) and 78.28 (S3) where can be found the final support of the day.

Source: FX Central Clearing Ltd, ( Learn Forex Trading | ECN Forex Online Trading | Forex Trading Tips | FXCC (http://www.fxcc.com) )

forexpic

08-27-2012, 06:33 AM

Euro/usd is at very important level resistance . We have bear trendline, so if the euro do not break this line we can see the euro collapse. On the other hand, if the euro break we can see a new trend up to very high levels.

http://www.forexpic.com/wp-content/uploads/2012/08/euro-usd-technical-analysis-27-august-2012.jpg (http://www.forexpic.com/forex-technical-analyse-to-all-currency-pairs-27-august-2012/)

AUD/USD and GOLD are also at very important a key support and resistance and if they broken this support and resistance we will see nice bearish trend down.

http://www.forexpic.com/wp-content/uploads/2012/08/aud-usd-technical-analysis-27-august-2012.jpg
(http://www.forexpic.com/forex-technical-analyse-to-all-currency-pairs-27-august-2012/)

http://www.forexpic.com/wp-content/uploads/2012/08/gold-technical-analysis-27-august-2012.jpg (http://www.forexpic.com/forex-technical-analyse-to-all-currency-pairs-27-august-2012/)

forexpic

08-27-2012, 06:33 AM

Hello everyone,
in this thread i will post my forex tecnical analysis (http://www.forexpic.com/) with pics.

TERMS OF USE

Opinions expressed in all posts do not constitute advice or recommendations to buy or sell. Predictions expressed are the author’s expectations and they may not happen.

forexpic

08-27-2012, 06:34 AM

Our forex analysis (http://www.forexpic.com/) show that Euro/usd is at very important level resistance . We have bear trendline, so if the euro do not break this line we can see the euro collapse. On the other hand, if the euro break we can see a new trend up to very high levels.

http://www.forexpic.com/wp-content/uploads/2012/08/euro-usd-technical-analysis-27-august-2012.jpg (http://www.forexpic.com/forex-technical-analyse-to-all-currency-pairs-27-august-2012/)

AUD/USD and GOLD are also at very important a key support and resistance and if they broken this support and resistance we will see nice bearish trend down.

http://www.forexpic.com/wp-content/uploads/2012/08/aud-usd-technical-analysis-27-august-2012.jpg
(http://www.forexpic.com/forex-technical-analyse-to-all-currency-pairs-27-august-2012/)

http://www.forexpic.com/wp-content/uploads/2012/08/gold-technical-analysis-27-august-2012.jpg (http://www.forexpic.com/forex-technical-analyse-to-all-currency-pairs-27-august-2012/)

alayoua

08-28-2012, 02:44 AM

Market Overview by FXCC Aug 28 2012

Fed to deliver further stimulus - JPM

JPM is quite dovish on the next Fed policy tools to deploy, expecting Ben Bernanke & Co. to provide additional stimulus to the economy by extending the rate-on-hold guidance out to mid-2015 and increasing asset purchases. The bank expects medium-term US paper getting a better bid tone ahead of the Sept 12-13 FOMC meeting. A more marked move will come via real yields as investors bet on higher inflation, says JPM head bond strategist Terry Belton.

For the London session ahead the economic agenda will be soft once again in EUR macro data related terms, with Germany GFK consumer sentiment at 06:00 GMT, followed by Spanish final GDP 1 hour later, and EU M3 money supply at 08:00 GMT. At 11:00 GMT is expected EU's Van Rompuy will meet Spanish PM Rajoy, which could bring some headlines to the table giving some volatility to current thin markets, coupled with both Spanish and Italian short term sovereign debt auctions to be held today, Spain to sell up to €3.5B in 3 and 6 month bills. Spanish 10y bond yields hold near mid 6%s with risk premium with Germany around the 500bps.
Read More
https://support.fxcc.com/email/technical/28082012/

UPCOMING EVENTS :
2012-08-28 06:00 GMT | Germany. Gfk Consumer Confidence Survey (Sep)
2012-08-28 06:00 GMT | Switzerland. UBS Consumption Indicator (Jul)
2012-08-28 08:00 GMT | European Monetary Union. M3 Money Supply (3m) (Jul)
2012-08-28 14:00 GMT | United States. Consumer Confidence (Aug)

FOREX NEWS :
2012-08-28 04:32 GMT | GBP/USD maintains bearish profile
2012-08-28 03:51 GMT | EUR/USD in holding pattern ahead of risk events - OCBC
2012-08-28 02:53 GMT | AUD/USD continues to grind lower
2012-08-28 01:28 GMT | Risk off swings boost USD, JPY

EURUSD : 1.24836 / 1.24841
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/28082012/EURUSD.gif

1.2594 | 1.2547 | 1.2508
1.2446 | 1.2406 | 1.2369

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

MARKET ANALYSIS - Intraday Analysis

Market remains in uptrend after some consolidation provided yesterday. Instrument dropped below the suggested support level at 1.2482 and now is moving towards to our target at 1.2446 (S1). Brake here is required for further correction development towards to next target at 1.2406 (S2). Last support level locates today at 1.2369 (S3). Failure to go lower would put in focus next resistance at 1.2508 (R1), brake here is required to enable next targets at 1.2547 (R2) and 1.2594 (R3), important technical level.

---------------
GBPUSD : 1.57882 / 1.57893
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/28082012/GBPUSD.gif

1.5892 | 1.5861 | 1.5827
1.5753 | 1.5717 | 1.5681

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

MARKET ANALYSIS - Intraday Analysis

The market is intended to go lower in medium term perspective. Yesterday instrument dropped below the expected support level at 1.5796 and finally reached our target at 1.5766 today. Technically, next support level locates at today fresh low 1.5753 (S1), pushdown of the price is possible below this level. We suggest next targets at 1.5717 (S2) and 1.5681 (S3). Failure to go lower suggested support level might put in focus our next resistance level at 1.5827 (R1), brake here would suggest new targets at 1.5861 (R2) and 1.5892 (R3).

---------------
USDJPY : 78.509 / 78.514
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/28082012/USDJPY.gif

79.21 | 79.02 | 78.83
78.45 | 78.28 | 78.11

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

MARKET ANALYSIS - Intraday Analysis

USDJPY depreciated today below the expected support level at 78.62 and almost reach our next target at 78.45 (S1). We expect further easing towards to our targets later on today however there is no clear tendency on the market now. Possible execution of protective orders below the support level at 78.45 (S1) might drive market price toward to our lower targets at 78.28 (S2) and 78.11 (S3). On the other hand, if market go higher and continue to be traded in sideways we suggest waiting for a clear brake of the next resistance level at 78.83 (R1). Next expected target at 79.02 (R2).

Source: FX Central Clearing Ltd, ( Forex Trading Course | Forex Trading Blog | ECN Forex Trading Training | FXCC (http://www.fxcc.com) )

WindsorBrokers

08-28-2012, 04:24 AM

EUR/USD

The Euro remains in defensive since posting fresh seven-week high at 1.2588 last week, with one-month rally being backed by hopes of ECB’s action. The initial strength may be further losing momentum, as the single currency slips below psychological 1.2500 level. Today’s weakness dipped to 1.2464, Fib 38.2% of near-term 1.2254/1.2588 rally, just ahead of 1.2440/30 break point, also near 50% retracement and 55 day EMA, loss of which would spark further weakness. Negative near-term studies keep the downside favored, as immediate barrier at 1.2500 stays impact. Only lift above 1.2534, yesterday’s high, would delay bears.

Res: 1.2500, 1.2534, 1.2560, 1.2588
Sup: 1.2464, 1.2441, 1.2430, 1.2406

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20120828070852.gif

GBP/USD

The pair continues to trend lower, as a part of near-term corrective pullback off 1.5911, last week’s high. The slide touched important 1.5750/40 zone, where previous high / Fib 38.2% of 1.5489/1.5911 upleg and bull trendline off 1.5489 lie, as initial support and previous range top at 1.5770 zone has been lost. Potential break below 1.5740 would be seen as a trigger for stronger reversal and keep the upside targets sidelined, in favor of test of 1.5715/00, 200 day MA / 50% retracement, as near-term technicals remain weak. Immediate resistance lies at 1.5800, reinforced by descending 55 day EMA, while only regain of 1.5830 zone would provide relief.

Res: 1.5800, 1.5830, 1.5850, 1.5868
Sup: 1.5753, 1.5740, 1.5715, 1.5700

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20120828070818.gif

USD/JPY

The near-term price action is running out of steam, as initial target at 79.00 stays intact, after recovery rally being capped at 78.80 zone, where 55 day EMA limited the upside. Fresh slide under bull trendline off 78.27 low, despite dips being contained at initial 78.45 support, sees more risk towards the downside, as near-term structure remains weak. Loss of 78.44/36 to expose 78.00 base for retest, while only lift above 79.00 would be a signal of further recovery towards 79.65 peak.

Res: 78.70, 78.83, 78.96, 79.12
Sup: 78.44, 78.35, 78.27, 78.15

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20120828070757.gif

USD/CHF

Corrective rally off 0.9537, 23 Aug low, extends gains to 0.9634 so far, with positive near-term structure seeing potential for test of important 0.9660 zone, 22 Aug lower high/ 55 day EMA and 50% retracement of 0.9766/0.9537 downleg, break above which to confirm near-term base and open way for stronger recovery towards 0.9700, next target. However, negative larger picture, sees the current move as corrective part of larger downtrend from 0.9970 and unless firm break above 0.9700 zone, also bear-trendline off 0.9970, is seen, risk of lower top and fresh weakness, remains high.

Res: 0.9634, 0.9655, 0.9679, 0.9700
Sup: 0.9610, 0.9580, 0.9557, 0.9537

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20120828070737.gif

alayoua

08-29-2012, 02:38 AM

Market Overview by FXCC Aug 29 2012

ECB has no choice but buy periphery gvrt debt - Nomura

ECB purchases of periphery debt would be effective in ending a dysfunctional government bond marke, says Nomura economist Richard Koo. "While longer-term answers to this eurozone-specific problem include fiscal stimulus to tackle the balance sheet recession itself and a rule that addresses the issue of capital flight by restraining, given that both of those measures will probably take years to implement, the only short-term option is to have the ECB buy the government debt of peripheral countries" the economist said in a research note.

London session ahead will be another quiet one in terms of EUR macro data related coming out, with only French business confidence at 06:45 GMT, followed by Italian consumer confidence and retail sales at 08:00 GMT, and German CPI at 12:00 GMT. In the sovereign debt auctions front Italy will sell 6-month bills, with 10 year bond yields on the rise at 5.82% last, coming from multi-week lows Aug 22 at 5.56% for Italy. There will also be some meetings among different EU leaders going on which could actually produce some headlines.
Read More
https://support.fxcc.com/email/technical/29082012/

UPCOMING EVENTS :
2012-08-29 07:00 GMT Switzerland. KOF Leading Indicator (Aug)
2012-08-29 12:00 GMT Germany. Harmonised Index of Consumer Prices (YoY) (Aug). Preliminar
2012-08-29 12:30 GMT United States. Gross Domestic Product Annualized (Q2)
2012-08-29 18:00 GMT United States. Fed's Beige Book

2012-08-29 04:32 GMT GBP/USD holds bullish stance – V.Bednarik
2012-08-29 04:11 GMT GBP/JPY: Hikkake prints at key support
2012-08-29 03:42 GMT EUR/USD, watch resistance at 1.2600
2012-08-29 02:02 GMT USD on demand in Asia

---------------------
EURUSD : 1.25567 / 1.25571
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/29082012/EURUSD.gif

1.2633 | 1.2604 | 1.2576
1.2543 | 1.2513 | 1.2481

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

MARKET ANALYSIS - Intraday Analysis

The “Bullish” sentiment took up the EURUSD. Instrument reached our target at 1.2547. Potential of going higher is seen today above the next resistance at 1.2576 (R1), surpassing of this level would suggest higher targets at 1.2604 (R2) and 1.2633 (R3). If it fail to go higher, we might see retracement development below the next support level at 1.2543 (S1) towards to next target at 1.2513 (S2). Brake here is required to enable last support level at 1.2481 (S3).

------------------
GBPUSD : 1.58147 / 1.58155
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/29082012/GBPUSD.gif

1.5913 | 1.5887 | 1.5838
1.5797 | 1.5772 | 1.5747

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

MARKET ANALYSIS - Intraday Analysis

GBPUSD currently is under the “Bullish” pressure and moving towards to our suggested yesterday target at 1.5838 (R1), our next resistance level. Brake here would suggest new target at 1.5887 (R2) and any further rise would then be limited to 1.5913 (R3) intraday. Next support level stay at 1.5797 (S1), brake below it might provide a downside priority in direction for the remaining of the day. Next suggested targets at 1.5772 (S2) and 1.5747 (S3) in potential.

-------------
USDJPY : 78.580 / 78.584
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/29082012/USDJPY.gif

79.02 | 78.83 | 78.65
78.45 | 78.28 | 78.11

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

MARKET ANALYSIS - Intraday Analysis

Technically instrument remain trading in a range mode. A break above the first resistance level at 78.65 (R1) would suggest a target at 78.83 (R2). If the price holds its momentum on the upside we can expect a further rise towards to 79.02 (R3) in perspective. All our support levels remain the same as yesterday. Key support level holds at 78.45 (S1). If the pair manage to brake here, we expect next target 78.28 (S2) and any further fall would then be limited to 78.11 (S3).

Source: FX Central Clearing Ltd, ( Forex Trading Hours | Forex Trading Strategy | ECN Forex Trading Tutorial | FXCC (http://www.fxcc.com) )

forexpic

08-29-2012, 08:21 AM

Forex technical analysis – This week the euro against the us dollar makes some interesting movements, all traders are awaiting Ben Bernanke’s speech on Friday !

http://www.forexpic.com/wp-content/uploads/2012/08/euro-usd-analyse-29-august-2012.jpg (http://www.forexpic.com/eurousd-analysis-29-august-2012/)

Read more: http://www.forexpic.com/eurousd-analysis-29-august-2012/#ixzz24wA2D96J

alayoua

08-30-2012, 06:08 AM

Market Overview by FXCC Aug 30 2012

Iron ore collapse has huge implications for the Australian economy - Macquarie Group

The tumbling iron ore price has the Aussie bulls on the edge after Iron ore fell nearly 5% overnight to $90.30 a tonne, down now 23% since the end of July. If commodity prices do not recover, Senior Economist at Macquarie Brian Redican sees A$10 billion of cuts would be needed for the Australian Government to achieve a 2013 surplus.

London session ahead will be a busier one than the days before, with main focus on Italian 10 year sovereign bond auction, with previous auction's yield at 5.96%. Apart from that EU's Barroso speaks at European Forum Alpach in Viena at 09:00 GMT which could bring some headlines. In the EUR data related front Spain delivers CPI at 07:00 GMT, followed 55 minutes later by German unemployment rate, and Italian hourly wages 5 minutes after. Then at the same time Barroso speaks EU and Italy consumer sentiment data will be out. The Jackson Hole symposium finally starts today as well.
Read More
https://support.fxcc.com/email/technical/30082012/

UPCOMING EVENTS :
2012-08-30 07:55 GMT | Germany. Unemployment Change (Aug)
2012-08-30 08:30 GMT | United Kingdom. Mortgage Approvals (Jul)
2012-08-30 09:00 GMT | European Monetary Union. Consumer Confidence (Aug)
2012-08-30 12:30 GMT | United States. Core Personal Consumption Expenditure - Prices Index (YoY) (Jul)

FOREX NEWS :
2012-08-30 02:52 GMT | EUR/USD still bid above 100-day EMA
2012-08-30 04:30 GMT | GBP/USD steady around 1.5825 ahead of Europe
2012-08-30 00:45 GMT | AUD/USD heading towards 200-day MA; Fitch warns on steel, iron ore outlook
2012-08-30 00:18 GMT | USD/JPY still without direction

EURUSD : 1.25353 / 1.25359
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/30082012/EURUSD.gif

1.2633 | 1.2604 | 1.2576
1.2513 | 1.2481 | 1.2451

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

MARKET ANALYSIS - Intraday Analysis

EURUSD penetrated below the suggested support level at 1.2543 yesterday and made an attempt to go lower. Today we expect further depreciation as main scenario towards to our targets. However clearance of next resistance at 1.2576 (R1) might open way for the next target attack at 1.2604 (R2). Our next target for short positions locates at 1.2513 (S1), loss here would enable lower supports at 1.2481 (S2) and 1.2451 (S3) in perspective.

----------------
GBPUSD : 1.58229 / 1.58238
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/30082012/GBPUSD.gif

1.5913 | 1.5887 | 1.5861
1.5796 | 1.5772 | 1.5747

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

MARKET ANALYSIS - Intraday Analysis

The currency traded yesterday without a priority in direction and all our supports and resistance levels remain the same. Today we expect that price will trade within the same price range. Strong signal should be provided prior to the trend development. Potential is seen for break above the 1.5861 level (R1) on the upper side. Possible targets stays at 1.5887 (R2) and 1.5913 (R3) levels. Downside development remains for now limited by next support level at 1.5796 (S1), only clear break here would be a signal of market weakening with next targets at 1.5772 (S2) and 1.5747(S3) in potential.

---------------
USDJPY : 78.605 / 78.610
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/30082012/USDJPY.gif

79.21 | 79.02 | 78.83
78.45 | 78.28 | 78.11

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

MARKET ANALYSIS - Intraday Analysis

The USDJPY trades in a channel between our next support level at 78.45 (S1) and resistance at 78.83 (R1). A break in either direction will determine the trading bias for the medium term. In such situation we suggest to wait for a clear directional signal prior taking any positions. Bake above the resistance level at 78.83 (R1) would suggest next targets at 79.02 (R2) and 79.21 (R3) in potential. On the other side, loss of 78.45 (S1) would enable targets at 78.28 (S2) and 78.11 (S3).

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

forexpic

08-30-2012, 09:01 AM

September is near so i expect USD/JPY to go up. USD/JPY has a triangle formation. Support 78.00 remains quite strong.

http://www.forexpic.com/wp-content/uploads/2012/08/usd-jpy-technical-analysis-30-august-2012.jpg (http://www.forexpic.com/usdjpy-technical-analysis-30-august-2012/)

Read more: http://www.forexpic.com/usdjpy-technical-analysis-30-august-2012/#ixzz252ARpyb1

alayoua

08-31-2012, 02:16 AM

Market Overview by FXCC Aug 31 2012

ECB bond buying plan unlikely to be fully unveiled at the Sep ECB meeting - TDS

With summer drawing to a close, "it's time to see if the monetary weapons will be revealed", says Rich Kelly, research analyst at TDS. "Disappointment at some stage along the way is a real possibility and we eventually expect the ECB’s new bond buying plan to satisfy the market, but it is unlikely to be fully unveiled at the September ECB meeting, and once announced, there will be a lag before Spain asks for it, and markets hate waiting and uncertainty" the analyst notes.

In the sessions ahead, the UK’s non-seasonally adjusted Nationwide Housing Prices data for August will be key risk event for GBP, but the market is likely to be distracted as it awaits Bernanke’s speech at Jackson Hole.
Read More
https://support.fxcc.com/email/technical/31082012/

UPCOMING EVENTS :
2012-08-31 09:30 GMT | E.M.U. Unemployment Rate (Jul)
2012-08-31 12:30 GMT | Canada. Gross Domestic Product (YoY) (Q2)
2012-08-31 14:00 GMT | United States. Fed's Bernanke Speaks at Jackson Hole
2012-08-31 18:30 GMT | All. IMF's Lagarde Speaks at Jackson Hole

FOREX NEWS :
2012-08-31 03:45 GMT | USD/JPY dips to 6-day lows, still in range
2012-08-31 03:01 GMT | NZD/USD finding resistance below 0.80
2012-08-31 02:11 GMT | GBP/JPY sideways around 124.00
2012-08-31 02:46 GMT | EUR/AUD within quiet, narrow range

EURUSD : 1.25109 / 1.25114
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/31082012/EURUSD.gif

1.2577 | 1.2550 | 1.2523
1.2481 | 1.2451 | 1.2417

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

MARKET ANALYSIS - Intraday Analysis

Today major market drivers would be Fed's Bernanke Speech at 14:00 GMT and IMF's Lagarde Speech at 18:30 GMT at Jackson Hole. However some macroeconomic data would be released during the European trading session, in focus E.M.U. Unemployment Rate at 09:00 GMT and Germany Retail Sales at 06:00 GMT. Appreciation above the next resistance level at 1.2523 (R1) potentially might expose higher targets at 1.2550 (R2) and 1.2577 (R3) later on today. Bearish penetration below the suggested yesterday support at 1.2513 targeting 1.2481 (S1) and 1.2451(S2) in potential. Final support level for today locates at 1.2417 (S3).

-----------------
GBPUSD : 1.57932 / 1.57941
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/31082012/GBPUSD.gif

1.5859 | 1.5830 | 1.5800
1.5770 | 1.5741 | 1.5712

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

MARKET ANALYSIS - Intraday Analysis

Yesterday Instrument made an attempt to establish positive bias but failed to go much higher our suggested resistance level at 1.5838. During the US Session pair recovered all gains and met our downside direction target at 1.5772. Fresh low, formed yesterday is our next support level at 1.5770 (S1), brake here might shift market sentiment to the “Bearish” side. In such scenario we expect further decline towards to next targets at 1.5741 (S2) and 1.5712 (S3). Risk of GBPUSD strengthening is seen above the resistance level at 1.5800 (R1). Progress above it might expose targets at 1.5830 (R2) and 1.5859 (R3) in potential.

----------------
USDJPY : 78.435 / 78.440
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/31082012/USDJPY.gif

78.91 | 78.85 | 78.57
78.28 | 78.10 | 77.92

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

MARKET ANALYSIS - Intraday Analysis

Market remains in sideways mode trading however potential volatility increase due to the Jackson Hole Symposium might assist to the trend development on the market. Signal of market sentiment change to the bearish would be provided if market drop below the next support level at 78.28 (S1). Suggested targets locates at 78.10 (S2) and 77.92 (S3). On the other side, brake above the resistance at 78.57 (R1) might lead to the bullish scenario and expose targets at 78.85 (R2) and 78.91 (R3).

Source: FX Central Clearing Ltd,( Forex Trading Basics | ECN Forex Trading Education | Best Forex Trading Platform | FXCC (http://www.fxcc.com) )

alayoua

09-03-2012, 02:13 AM

Market Overview by FXCC Sep 03 2012

ECB to add some colour on bond buying - Nomura

Expect the ECB to announce its preparedness to intervene in the bond market after countries have called for help at the EFSF/ESM and under strict conditionality, Nomura Chief European Economist Jacques Cailloux said in a research note, published late last week. However, Nomura believes that the ECB will provide very little colour on the modalities of the programme at this week's meeting. According to Mr. Cailloux, once the program is implemented, "analysis shows that the bond buying programme for Spain could last 5 months with the shorter maturities rallying further in the initial stage of the policy response. Much more difficult will be how to anchor the longer end which will be the job of the EFSF/ESM, a task we believe will be very hard."

London session ahead will have another round of PMI figures this time coming from several EU countries like Spain, Italy, France, Germany, the EU, and Greece, starting at 07:13 GMT, 07:43, 07:48, 07:53, and finally at 07:58 with the EU and Greece respectively. Not much in EUR macro data related apart from the PMIs, with the focus on the US closed today on holiday, and ECB's Draghi to testify on banking union before the European Parliament's Economic and Monetary Affairs Committee, in Brussels at 13:30 GMT.
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UPCOMING EVENTS :
2012-09-03 07:15 GMT : Switzerland. Real Retail Sales (YoY) (Jul)
2012-09-03 07:53 GMT : Germany. Markit Manufacturing PMI (Aug)
2012-09-03 07:58 GMT : E.M.U. Markit Manufacturing PMI (Aug)
2012-09-03 08:28 GMT : United Kingdom. Markit Manufacturing PMI (Aug)

FOREX NEWS :
2012-09-03 04:33 GMT : GBP/USD consolidating above 1.5850
2012-09-03 04:12 GMT : EUR/USD flat, AUD/USD plummets
2012-09-03 03:52 GMT : AUD/USD forecast at parity before end of 2012 - UBS
2012-09-03 03:16 GMT : EUR/AUD at fresh 2-month highs

---------------
EURUSD : 1.25825 / 1.25826
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/03092012/EURUSD.gif

1.2717 | 1.2676 | 1.2637
1.2557 | 1.2517 | 1.2480

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

MARKET ANALYSIS - Intraday Analysis

Friday’s comments by ECB’s Benoit Coeure pushed EURUSD up to the new monthly highs and our suggested target at 1.2577 was achieved. Our next resistance level is placed above the fresh high at 1.2637 (R1), violation here would expose next target at 1.2676 (R2) and any further appreciation might face resistive measures located at 1.2717 (R3). On the other side, the pair’s fall might be supported by our next level at 1.2557 (S1). Further decline below it might test next targets at 1.2517 (S2) and 1.2480 (S3) in potential.

---------------
GBPUSD : 1.58698 / 1.58710
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/03092012/GBPUSD.gif

1.5948 | 1.5922 | 1.5896
1.5848 | 1.5824 | 1.5799

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

MARKET ANALYSIS - Intraday Analysis

Friday’s USD weakening during the European session let to profit taking at 1.5589, our last suggested target. Upside pressure might force the market to retest our next resistance level at 1.5896 (R1). Consolidation above it might provide sufficient space for the price increase towards to our next targets at 1.5922 (R2) and 1.5948 (R3). On the flip side, depreciation below the support level at 1.5848 (S1) would enable our targets at 1.5824 (S2) and 1.5799 (S3) in potential.

--------------
USDJPY : 78.319 / 78.323
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/03092012/USDJPY.gif

78.80 | 78.63 | 78.45
78.10 | 77.92 | 77.74

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

MARKET ANALYSIS - Intraday Analysis

Current installation might suggest us about the market sentiment change. Friday decline below the key support level at 78.28 open the road towards to the new targets. Our next target level at 78.10 (S1) mark is not far away from current market price. Brake here would suggest lower supports at 77.92 (S2) and 77.74 (S3) as new targets. A move above the resistance level at 78.45 (R1) might drive price towards to the next target at 78.63 (R2) and any further rise would then be limited by last resistance at 78.80 (R3), important technical level.

Source: FX Central Clearing Ltd,( Best Forex Trading System | Forex Trading Platforms | Automated Forex Trading Software | FXCC (http://www.fxcc.com) )

WindsorBrokers

09-03-2012, 04:26 AM

EUR/USD

Last Friday’s brief break above psychological 1.2600 barrier, also one-week consolidation range top, did not materialize, as the price slid below 1.2600 handle, being capped by 20 day daily Bollinger band at 1.2636. Weakening hourly studies keep the downside vulnerable, as loss of overnight’s low at 1.2560, may trigger further easing and expose strong support at 1.2500 zone, 30 Aug low / 55 day EMA / Fib 38.2% of 1.2254/1.2636 upleg. Regain of 1.2600, however, would turn near-term focus towards 1.2636, break of which is required to resume rally and open 1.2700.

Res: 1.2585, 1.2600, 1.2636, 1.2650
Sup: 1.2559, 1.2520, 1.2508, 1.2490

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20120903071029.gif

GBP/USD

Near-term price action remains in a defensive mode, following last Friday’s upside rejection at 1.5900. As hourly studies are pointing lower, immediate risk is seen on test of 1.5850, Asian session low, ahead of trendline support at 1.5800 and more significant 1.5750 higher base, loss of which to confirm double-top. Alternative scenario sees break above 1.5900/11, to trigger fresh extension higher.

Res: 1.5880, 1.5885, 1.5900, 1.5911
Sup: 1.5850, 1.5813, 1.5800, 1.5777

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20120903071007.gif

USD/JPY

The pair remains under pressure, following last week’s failure to regain pivotal 79.00 barrier. Fresh weakness below 78.28, now tests initial 78.15 level, ahead of strong 78.00 zone base. Overextended hourly studies do not rule out corrective bounce, but overall negative structure keeps the downside in focus, as loss of 78.00 will expose another strong support at 77.65. Only regain of 78.80/79.00 will avert immediate downside risk.

Res: 78.36, 78.44, 78.60, 78.83
Sup: 78.15, 78.00, 77.90, 77.65

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20120903070949.gif

USD/CHF

The pair consolidates last Friday’s descend when the price slid below near-term range floor and tested 0.9500, psychological support and 50% of 0.9041/0.9970 rally. As overall picture maintains bearish tone, no significant action to be expected as long as strong barrier at 0.9600/34 stays intact. On the downside, loss of 0.9500 to expose next supports at 0.9461 and 0.9420.

Res: 0.9559, 0.9600, 0.9615, 0.9634
Sup: 0.9538, 0.9500, 0.9461, 0.9420

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20120903070929.gif

WindsorBrokers

09-04-2012, 04:11 AM

EUR/USD

Maintains near-term positive sentiment, as overnight’s dips were contained above 1.2560 higher, with previous high at 1.2636 under pressure. Break higher to resume one-month rally and expose 1.2700 zone with interim barrier at 1.2646, 20 day Bollinger band. Previous barriers at 1.2600/1.2580, now offer initial support, while losing 1.2560 level would delay and signal further consolidation.

Res: 1.2626, 1.2636, 1.2650, 1.2700
Sup: 1.2600, 1.2580, 1.2559, 1.2547

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20120904070652.gif

GBP/USD

The near-term price action remains congested at 1.5900 zone, as lack of strength, seen on hourly studies, keeps the upside limited for now. Unless 1.5900/11 barriers are cleared that will open way towards next significant barrier at 1.6000, further sideways movements are not ruled out in the near-term. Overnight’s range floor at 1.5875 offers initial support, ahead of 1.5850 and bull trendline at 1.5820, loss of which will increase risk of deeper reversal towards key near-term support at 1.5750, 28. Aug low / Fib 38.2%.

Res: 1.5900, 1.5911, 1.5931, 1.5950
Sup: 1.5875, 1.5850, 1.5820, 1.5800

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20120904070612.gif

USD/JPY

More near-term positive signals are seen as bounce off 78.15 base ticks higher in attempt to clear initial 78.40/50 barrier and allow for further recovery towards 78.60 , to possibly challenge key barriers at 78.80/79.00. However, as overall picture maintains negative tone, failure to clear above mentioned barriers, will keep the downside risk in play.

Res: 78.42, 78.50, 78.60, 78.83
Sup: 78.31, 78.20, 78.15, 78.00

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20120904070550.gif

USD/CHF

Remain under pressure, as near-term recovery off 0.9500 ran out of steam at 0.9560, capped by descending hourly 20 day EMA. Fresh weakness brings initial support at 0.9500 in focus, with negative near-term tone, being supportive for further extension lower and test of 0.9461 and 0.9420, next downside targets. Any recovery needs to clear minimum 0.9560, to ease immediate bear-pressure.

Res: 0.9543, 0.9559, 0.9600, 0.9615
Sup: 0.9507, 0.9500, 0.9461, 0.9420

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20120904070524.gif

alayoua

09-04-2012, 07:01 AM

Market Overview by FXCC Sep 04 2012

RBA Interest Rate Decision remains at 3.5%

The Australian central bank believes that despite the overall global worsening conditions in recent months, monetary policy is appropriate given inflation levels consistent with the objectives set, as well as economic growth in line with expectations. Widely anticipated by economists surveyed by Bloomberg where 24 out of the 24 economists questioned expected the decision to remain unchanged, in the absence of dovish signs the pair is pushing higher.

Australia current account balance has come at -11,801M in 2Q vs -14,892M in 1Q. Expectations were for -12.2 bln approximately. The contribution from Aus net exports rose to 0.3%, below a 0.55% forecasted.
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https://support.fxcc.com/email/technical/04092012/

UPCOMING EVENTS :
2012-09-04 09:00 GMT | E. M. U. Producer Price Index (YoY) (Jul)
2012-09-04 12:58 GMT | United States. Markit Manufacturing PMI (Aug)
2012-09-04 14:00 GMT | United States. ISM Manufacturing PMI (Aug)
2012-09-04 23:30 GMT | Australia. AiG Performance of Services Index (Aug)

FOREX NEWS :
2012-09-04 02:29 GMT | EUR/USD to fresh session highs on USD weakness overall
2012-09-04 01:33 GMT | Japan Labor Cash Earnings (YoY) -1.2% in Jul
2012-09-04 01:17 GMT | Hard to see gold breaking 1700/oz before NFP - ANZ
2012-09-04 00:05 GMT | USD/JPY more range trading above 78.00

--------------
EURUSD : 1.26120 / 1.26127
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/04092012/EURUSD.gif

1.2717 | 1.2676 | 1.2637
1.2594 | 1.2557 | 1.2517

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

MARKET ANALYSIS - Intraday Analysis

EURUSD failed to establish any significant movement as the pair has remained in sideways mode trading yesterday. At the moment pair is gaining 0.18% and next resistance level ahead is seen at 1.2637 (R1). Penetration above it might resume market strengthening towards to the next target at 1.2676 (R2). Remaining resistance level locates at 1.2717 (R3). On the flip side, support levels lie at 1.2594 (S1) ahead. Brake here is required to enable next targets at 1.2557 (S2) and 1.2517 (S3). Next important news from E. M. U. is Producer Price Index at 09:00 GMT.

---------------
GBPUSD : 1.58865 / 1.58876
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/04092012/GBPUSD.gif

1.5948 | 1.5922 | 1.5896
1.5873 | 1.5848 | 1.5824

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

MARKET ANALYSIS - Intraday Analysis

Technically, GBPUSD is under the bullish pressure on the medium term and we expect further appreciation later on today as main scenario. GBPUSD reached our suggested resistance level at 1.5896 (R1) and now is moving towards to our next target at 1.5922 (R2). Progress above it would suggest final target for today at 1.5948 (R3). On the other hand, retracement is possible and market decline below the next support level at 1.5873 (S1) would bring in focus lower targets at 1.5848 (S2) and 1.5824 (S3) in potential.

--------------
USDJPY : 78.368 / 78.373
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/04092012/USDJPY.gif

78.80 | 78.63 | 78.45
78.17 | 77.98 | 77.80

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

MARKET ANALYSIS - Intraday Analysis

USDJPY continue its range trading and picture in general remain the same. In terms of technical levels, next resistance is seen at 78.45 (R1). If the pair manages to successfully climb above it, we could even see to retest of our next target at 78.63 (R2) later on. Our final resistance could be found at 78.80 (R3) price level. While next support is placed at 78.17 (S1), decline below it would put in focus next target at 77.98 (S2) and any further depreciation would then be limited to 77.80 (S3) intraday.

Source: FX Central Clearing Ltd,( Forex Trading Account | ECN Forex Trading Courses | Forex Currency Trading System | FXCC (http://www.fxcc.com) )

alayoua

09-05-2012, 02:11 AM

Market Overview by FXCC Sep 05 2012

Spain full-blown bailout done deal - Nomura

Spain will need full-blown bailout which will include more active role of ECB in Spanish bond markets, says Nomura in a research note. The bank thinks capital flight from Spain is in a "category of its own," with massive outflows raising “serious concerns about the implications for banking sector stability and economic growth,” Nomura strategists Jens Nordvig and Charles St.-Arnaud write in client note. Interestingly, the following line via Bloomberg points at capital outflows on 3-month rolling basis at 50% of GDP vs Italy 15%; for comparison, Indonesia outflow during Asian crisis peaked at 23%.

The London session ahead will bring just few minor PMI figures from the EU in terms of EUR macro data related and EU retail sales. Spanish services PMI will be out at 07:13 GMT, followed 30 minutes later by Italian services PMI, 5 minutes later by French one, another 5 minutes for German one, and finally another 5 minutes for the EU final services PMI at 07:58 GMT. EU retail sales are due at 09:00 GMT. At 13:00 GMT EU's Van Rompuy is expected to meet French PM Hollande so very probably some headlines will come that way.
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https://support.fxcc.com/email/technical/05092012/

UPCOMING EVENTS :
2012-09-05 07:58 GMT | E. M.U. Markit Services PMI (Aug)
2012-09-05 08:28 GMT | United Kingdom. Markit Services PMI (Aug)
2012-09-05 09:00 GMT | E. M.U Retail Sales (YoY) (Jul)
2012-09-05 13:00 GMT | Canada. BoC Interest Rate Decision

FOREX NEWS :
2012-09-05 04:35 GMT | GBP/USD in tight range above 1.5850
2012-09-05 02:26 GMT | AUD/CAD: quick dip below 1.0050
2012-09-05 00:12 GMT | EUR/USD holds negative tone at Tokyo fix
2012-09-04 23:23 GMT | BoC, modest withdrawal of stimulus likely - Nomura

----------
EURUSD : 1.25340 / 1.25345
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/05092012/EURUSD.gif

1.2637 | 1.2598 | 1.2557
1.2517 | 1.2476 | 1.2432

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

MARKET ANALYSIS - Intraday Analysis

EURUSD broke our expected support level at 1.2594 and reached our target at 1.2557 yesterday. Intraday term bias remains negative below the next resistance at 1.2557 (R1). However, brake here would suggest about the market sentiment change to the bullish and we expect appreciation towards to 1.2598 (R2) and 1.2637 (R3) in such scenario. Risk of further easing is seen below the support at 1.2517 (S1), decline below it might expose next targets at 1.2476 (S2) and 1.2432 (S3) in potential. Today in focus are E.M.U. Markit Services PMI at 07:58 GMT and Retail Sales at 09:00 GMT.

-------------------
GBPUSD : 1.58620 / 1.58629
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/05092012/GBPUSD.gif

1.5922 | 1.5899 | 1.5875
1.5855 | 1.5830 | 1.5804

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

MARKET ANALYSIS - Intraday Analysis

The pair has formed fresh low today at 1.5855 (S1), which is currently our next support level. Fall below it would suggest next targets at 1.5830 (S2) and 1.5804 (S3). Though, intraday Bull’s power might activate when the pair approach resistance level at 1.5875 (R1). Our next target is seen at 1.5899 (R2) and any further appreciation would then be targeting 1.5922 (R3). Attention on the United Kingdom Markit Services PMI release at 08:28 GMT today.

---------------
USDJPY : 78.413 / 78.417
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/05092012/USDJPY.gif

78.92 | 78.73 | 78.54
78.17 | 77.98 | 77.80

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

MARKET ANALYSIS - Intraday Analysis

USDJPY appreciated yesterday and formed fresh high at 78.54 (R1), which is currently our next resistance level. Rise above it might provide sufficient space for the appreciation towards to next target at 78.73 (R2). Brake here is required to enable last target for today at 78.92 (R3). Market decrease below the next important support level at 78.17 (S1) would suggest about the downtrend development with next target at 77.98 (S2). Further instrument easing might face final support at 77.80 (S3).

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

WindsorBrokers

09-05-2012, 04:35 AM

EUR/USD

Maintains negative tone, established yesterday, following upside rejection at 1.2626. As the upside stays sidelined for now and price dips below 1.2560 breakpoint, near-term focus turns towards initial 1.2500 figure support and more significant 1.2486, 30 Aug low, also Fib 38.2% of 1.2254/1.2636 and near-term range floor at 1.2464, 28 Aug low. Near-term studies remain supportive for further weakness. Only regain of 1.2560/80 resistance zone would avert downside risk.

Res: 1.2541, 1.2559, 1.2578, 1.2600
Sup: 1.2515, 1.2500, 1.2486, 1.2464

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20120905075349.gif

GBP/USD

The pair remains in a near-term defensive mode, as 1.5900 zone proves to be tough resistance, with yesterday’s repeated failure at 1.5908, triggering fresh slide towards initial 1.5950 support. Weak hourly studies see the downside favored for now, as loss of 1.5850 is to expose trendline support at 1.5820 and round figure at 1.5800. Bearish 20/55 day EMA’s crossover keeps the near-term price action under pressure, with risk of double top formation still existing and loss of 1.5750 required to confirm. Conversely, break above 1.5900 zone, would turn focus higher.

Res: 1.5870, 1.5896, 1.5908, 1.5911
Sup: 1.5850, 1.5820, 1.5800, 1.5769

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20120905075323.gif

USD/JPY

Near-term positive tone off 78.20 support is running out of steam, as rally was capped by 55 day EMA, just under our initial barrier at 78.60. Loss of momentum and slide to 78.30 zone, weakens the near-term structure, however, holding above the latter, also trendline support, would keep hopes for fresh attempt towards the upper barriers at 78.60 and more important 78.80/79.00. Loss of 78.30, will bring bears back in play and re-focus 78.20/00 base.

Res: 78.46, 78.55, 78.60, 78.83
Sup: 78.35, 78.20, 78.15, 78.00

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20120905075208.gif

USD/CHF

Near-term price action continues to trend higher, as bounce off dangerous 0.9500 zone, broke through 0.9550/60, to test round figure resistance at 0.9600, just ahead of more important double top at 0.9615. Break here is required to confirm near-term double bottom and open the next barrier and previous range top at 0.9634 that will allow for stronger retracement of0.9796/0.9500 downleg. Near-term studies maintain positive tone, however, extended hourlies do not rule out a pause in near-term rally. Previous resistances at 0.9560/50 are now reverted to initial support.

Res: 0.9600, 0.9615, 0.9634, 0.9650
Sup: 0.9574, 0.9560, 0.9550, 0.9533

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20120905075136.gif

alayoua

09-06-2012, 02:24 AM

Market Overview by FXCC Sep 06 2012

EUR/USD steady above 1.26 ahead of one of most important days for the currency

The key risk event probably of the entire month in the form of ECB interest rate statement today at 11:45 GMT followed by the press conference 45 minutes later, where is expected the head of the Eurogroup Jean-Claude Juncker will attend the meeting. As reported by Laurence Norman and Todd Buell for WSJ: “In an unusual move, Jean-Claude Juncker, the head of the Eurogroup of euro zone finance ministers, announced he would attend Thursday's ECB governing council meeting. 'Mr. Juncker will present the Eurogroup's analysis of the economic and financial situation in the euro zone,' his spokesman said in an e-mail,” reads the report.

London session ahead will be as busy as it can get, with plenty of risk events going on. For EUR macro related data, France will start with the unemployment figures at 05:30 GMT, followed by the Netherland's CPI a 07:30 GMT, EU's revised 2Q GDP at 09:00 GMT along with Greece unemployment numbers, and Germany factory orders at 10:00 GMT.
Read More
https://support.fxcc.com/email/technical/06092012/

UPCOMING EVENTS :
2012-09-06 09:00 GMT | E.M.U. Gross Domestic Product s.a. (QoQ) (Q2) Preliminar
2012-09-06 11:00 GMT | United Kingdom. BoE Interest Rate Decision
2012-09-06 11:45 GMT | E.M.U. ECB Interest Rate Decision
2012-09-06 12:30 GMT | E.M.U. ECB Monetary policy statement and press conference

FOREX NEWS :
2012-09-06 04:33 GMT | GBP/USD quiet around 1.5900
2012-09-06 03:22 GMT | AUD/JPY bounces from 6-week lows
2012-09-06 03:04 GMT | EUR/CHF keeps moving higher
2012-09-06 01:44 GMT | AUD/USD finds double bottom; aiming at 1.0220

--------------
EURUSD : 1.26056 / 1.26061
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/06092012/EURUSD.gif

1.2754 | 1.2697 | 1.2637
1.2570 | 1.2510 | 1.2450

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

MARKET ANALYSIS - Intraday Analysis

Yesterday, leaked details of the ECB’s bond intervention plan pushed EUR higher and our target at 1.2598 was met successfully. However our last target at 1.2637 (R1) remains untouched and currently is our next key resistance level. Market is waiting for official announcement from the ECB at 11:45 GMT and we expect volatility increase today. Clearance of next resistance level at 1.2637 (R1) would enable next targets at 1.2697 (R2) and 1.2754 (R3). For the downside we suggest next support level at 1.2570 (S1). Loss here might take the pair towards to eventual supports, located at 1.2510 (S2) and 1.2450 (S3) in potential.

-----------------
GBPUSD 1.59019 / 1.59028
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/06092012/GBPUSD.gif

1.5996 | 1.5968 | 1.5934
1.5884 | 1.5850 | 1.5815

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

MARKET ANALYSIS - Intraday Analysis

The key event for GBPUSD would be BoE Interest Rate Decision at 11:00 GMT today. Next important technical resistance stay at 1.5934 (R1), brake here is required for market expansion towards to next target at 1.5968 (R2) and any further increase would then be limited by final resistance for today at 1.5996 (R3). Failure to go higher might push markets to retest our support at 1.5884 (S1). Brake here would suggest next target at 1.5850 (S2) and any further fall would then be targeting to support at 1.5815 (S3). E.M.U. Gross Domestic Product Preliminar release is the next portion of data in focus at 09:00 GMT .

---------------
USDJPY : 78.436 / 78.442
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/06092012/USDJPY.gif

78.92 | 78.73 | 78.54
78.30 | 78.10 | 77.89

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

MARKET ANALYSIS - Intraday Analysis

The neutral channel continues to pressure the pair from the both sides. Yesterday high at 78.54 (R1) and formed low at 78.30 (S1) currently is the next key levels. Break above the resistance at 78.54 (R1) would bring in focus next target at 78.73 (R2) and any further appreciation might face final resistance at 78.92 (R3). As long as the pair remains within the same price range, support at 78.30 (S1) is acting a protective level for the pair to plunge lower. Brake here would suggest next targets at 78.10 (S2) and 77.89 (S3) in potential.

Source: FX Central Clearing Ltd,( ECN Global Forex Trading | Forex Trading Charts | Best Forex Trading | FXCC (http://www.fxcc.com) )

forexpic

09-07-2012, 04:58 AM

http://www.forexpic.com/wp-content/uploads/2012/09/euro-usd-technical-analysis-7-september-2012.jpg (http://www.forexpic.com/eurousd-technical-analysis-7-september-2012/)

Next week we expect the euro to fall a bit, but according to our analysis in the euro against the dollar uptrend. Next week we may see levels like 1.2750 and possibly further.

Read more: http://www.forexpic.com/eurousd-technical-analysis-7-september-2012/#ixzz25lxekxeZ

alayoua

09-07-2012, 05:13 AM

Market Overview by FXCC Sep 07 2012

Market positioning for a stronger NFP reading - Westpac

Market positioning for US Aug non-farm payrolls is likely to be for a stronger reading than economists’ consensus of 130K, given the better ADP survey and also the non-manufacturing ISM, says Sean Callow, currency strategist at Westpac. The bank forecast is gloomier, "looking for 80K after the surprisingly firm 163K in July. The market range is 70-185K."

London session ahead will be focused on key data coming from the US at 12:30 GMT in the form of NFP. But earlier will come a bunch of other minor EUR related data, starting with German current account and trade balance at 06:00 GMT (all times GMT), followed by French trade balance 45 minutes later, Spanish industrial production at 07:00, the Netherlands industrial production half hour later, Greece final 2Q GDP at 09:00, and German industrial production and Portugal final 2Q GDP both at 10:00.
Read More
https://support.fxcc.com/email/technical/07092012/

UPCOMING EVENTS :
2012-09-07 08:30 GMT | United Kingdom. Manufacturing Production (YoY) (Jul)
2012-09-07 12:00 GMT | United States. Nonfarm Payrolls (Aug)
2012-09-07 12:30 GMT | Canada. Net Change in Employment (Aug)
2012-09-07 14:00 GMT | United Kingdom. NIESR GDP Estimate (3M) (Aug)

FOREX NEWS :
2012-09-07 04:40 GMT | EUR/USD ahead of US NFP above 1.26 around 5 year volatility lows
2012-09-07 04:32 GMT | GBP/USD upside favored – V.Bednarik
2012-09-07 03:35 GMT | AUD/USD at day highs; stops at 1.03 tripped
2012-09-07 03:19 GMT | Fitch warns Japan rating in danger to be downgraded

EURUSD : 1.26371 / 1.26376
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/07092012/EURUSD.gif

1.2741 | 1.2697 | 1.2654
1.2610 | 1.2566 | 1.2524

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

MARKET ANALYSIS - Intraday Analysis

United States Nonfarm Payrolls at 12:00 GMT in focus today as major marked driver. Economist’s consensus is 130K. Hourly, instrument looks overbought and we expect some gradual easing below the next support level at 1.2610 (S1) later on today. Our suggested targets are 1.2566 (S2) and 1.2524 (S3). While next resistances is seen at 1.2654 (R1), clearance here is required for instrument strengthening towards to our next targets at 1.2697 (R2) and 1.2741 (R3) later on today.

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GBPUSD : 1.59330 / 1.59340
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/07092012/GBPUSD.gif

1.6003 | 1.5975 | 1.5943
1.5917 | 1.5889 | 1.5860

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

MARKET ANALYSIS - Intraday Analysis

GBPUSD bounced on the Mario Draghi’s commentary yesterday. Next portion of macroeconomic data release from UK is expected today at 08:30 GMT - Manufacturing Production. Our main scenario remains unchanged, GBPUSD at the moment deviate from its up-trend on the short term timeframe. Next resistance is maintained at 1.5943 (R1), break here might open space for a move to test targets at 1.5975 (R2) and 1.6003 (R3) in potential. However on the medium term, market is overbought and correction is possible from current levels. Decrease below the support at 1.5917 (S1) might expose next targets at 1.5889 (S2) and 1.5860 (S3).

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USDJPY : 78.927 / 78.930
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/07092012/USDJPY.gif

79.42 | 79.22 | 79.03
78.77 | 78.58 | 78.38

SUMMARY : Up
TREND : Upward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral

MARKET ANALYSIS - Intraday Analysis

The USD rose yesterday versus the JPY, turning hourly sentiment to the positive territory and exposed our final target at 78.92. Next resistance ahead at is placed at yesterday high- 79.03 (R1), brake here is required to open way for further appreciation towards to 79.22 (R2) and 79.42 (R3). On the downturn, price decline below the next support levels at 78.77 (S1) might trigger bearish pressure and enable next target at 78.58 (S2). A break below it would suggest last target for today at 78.38 (S3).

Source: FX Central Clearing Ltd,( Automatic forex trading | Learning Forex Trading | ECN Forex Trading Signal | FXCC (http://www.fxcc.com) )

forexpic

09-07-2012, 12:04 PM

http://www.forexpic.com/wp-content/uploads/2012/09/euro-usd-technical-analysis-10-september-2012.jpg (http://www.forexpic.com/eurousd-technical-analysis-10-september-2012/)

Today, the euro shot up high against the dollar at 1.2810. U.S. dollar today was very weak and the day was generally bullish .....

Read more: http://www.forexpic.com/eurousd-technical-analysis-10-september-2012/#ixzz25nh65czA

alayoua

09-10-2012, 02:32 AM

Market Overview by FXCC Sep 10 2012

If QE3 happens, may mark the end of USD weakness - Standard Chartered

Following the downbeat US NFP data, which for the majority of market participants paves the way for the next round of easing by the Fed being announced as soon as this week, there is other entities, like Standard Chartered, which remain more skeptical on getting too excited on this prospects. According to analysts in the bank, "we do not think US August payroll data means QE3 is a done deal in September." The bank also adds, "if QE3 happens, it actually may mark the end, not the beginning, of USD weakness." Standard Chartered remains underweight EUR, "supported by the view this week’s FOMC will disappoint" the bank notes.

London session ahead will be a middle soft one in regards of EUR macro data related, though could become into a volatile day anyways with the Troika heading to Greece, and PM Samaras expected to meet ECB tomorrow. First will come French business sentiment at 06:30 GMT, followed 15 minutes later by French industrial production, EU Sentix indicator at 08:30 GMT, and Greek CPI. In the EZ sovereign debt auctions front Germany will sell up to € 4B in 6 month bills at 06:00 GMT, with risk premium to Spanish bonds narrowing last at 413bps, at multi-week lows.
Read More
https://support.fxcc.com/email/technical/10092012/

UPCOMING EVENTS :
2012-09-10 06:00 GMT | Japan. Eco Watchers Survey: Outlook (Aug)
2012-09-10 08:30 GMT | E.M.U. Sentix Investor Confidence (Sep)
2012-09-10 19:00 GMT | United States. Consumer Credit Change (Jul)
2012-09-10 22:45 GMT | New Zealand. Gross Domestic Product (QoQ) (Q2)

FOREX NEWS :
2012-09-10 04:47 GMT | GBP/USD: upside remains favored – V.Bednarik
2012-09-10 04:23 GMT | EUR/USD stable below 1.2800
2012-09-10 02:04 GMT | USD/JPY holds scope for more slides – V.Bednarik
2012-09-10 00:43 GMT | AUD/USD range bound above 1.0350

EURUSD : 1.27833 / 1.27839
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/10092012/EURUSD.gif

1.2920 | 1.2870 | 1.2817
1.2754 | 1.2700 | 1.2652

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

MARKET ANALYSIS - Intraday Analysis

After the U.S. Non-Farm Employment Change release on Friday, EURUSD climbed above the suggested target at 1.2741 and closed US session on the positive tone. Next resistance level for today locates at Friday’s High - 1.2817 (R1). Rise above it might lead to the further trend development with next possible targets at 1.2870 (R2) and 1.2920 (R3). Downside direction is limited by next support level at 1.2754 (S1), price decrease below it would be targeting next support at 1.2700 (S2), decrease below it would suggest support at 1.2652 (S3) as final target for today.

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GBPUSD : 1.59938 / 1.59945
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/10092012/GBPUSD.gif

1.6103 | 1.6069 | 1.6034
1.5976 | 1.5942 | 1.5909

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

MARKET ANALYSIS - Intraday Analysis

GBPUSD met our target at 1.6003 on the Friday move and settled positive bias on the hourly timeframe. Next resistance ahead, preventing further appreciation, is seen at 1.6034 (R1). Rising up above this level would suggest next targets at 1.6069 (R2) and 1.6103 (R3) in potential. On the other point, if the market manage to brake next support level at 1.5976 (S1), we might see pull back development with possible targets at 1.5942 (S2) and 1.5909 (S3) later on today.

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USDJPY : 78.224 / 78.228
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/10092012/USDJPY.gif

78.74 | 78.54 | 78.36
78.01 | 77.81 | 77.62

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

MARKET ANALYSIS - Intraday Analysis

Pair formed fresh low on Friday’s move and now deviate from its initial downtrend formation. Next resistance level lie at 78.36 (R1), clearance here might provide space for pair strengthening towards to next expected target at 78.54 (R2). Brake here is required to enable final target at 78.74 (R3). Risk of price depreciation is seen below the next support level at 78.01 (S1). Price progress below it might expose targets at 77.81 (S2) and 77.62 (S3) in perspective.

Source: FX Central Clearing Ltd,( ECN Forex Trading For Beginners | Automated Forex Trading Systems | Forex Automated Trading | FXCC (http://www.fxcc.com) )

WindsorBrokers

09-10-2012, 05:26 AM

EUR/USD

The Euro remains stable, as Asian session trading showed consolidation of last Friday’s strong rally and weekly close above 1.2800 barrier. Positive sentiment, backed by last week’s Euro supportive data, sees potential for further bullish action, however, caution is required, as lower timeframes studies are overbought and the price approaches very strong resistance zone at 1.2825/50, where 21/22 May peaks / 200 day MA and bear trendline off 1.3485, 2012 high, lie. Some corrective action cannot be ruled out at this point, with dips into initial 1.2700 support area, Fib 38.2% of 1.2500/1.2813 upleg, reinforced by 55 day EMA, seen as likely scenario. Only break below 1.2630/20 zone, previous range top / trendline support / Fib 61.8%, would sideline bulls and allow for stronger pullback.

Res: 1.2800, 1.2813, 1.2823, 1.2838
Sup: 1.2779, 1.2751, 1.2739, 1.2700

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20120910075619.gif

GBP/USD

The pair trades in a corrective/consolidative mode at the beginning of the week. Last Friday’s surge through psychological 1.6000 barrier and close above the latter, opens prospect for further extension higher, with 1.6060, 02 Apr high / 09 May low and Fib 76.4% of 1.6300/1.5267, seen as next upside target. However, corrective action, already underway, is seen preceding fresh rally. Dips were contained at 1.5990, Fib 38.2% of 1.5921/1.6033 upleg / 07 Sep high / 20 day EMA, during the Asian session, but near-term indicators, still in downmove on hourly and emerging from overbought zone on 4h chart, see scope for further retracement. Next supports lie at 1.5930 and more significant 1.5900 zone, psychological support / 50% retracement, loss of which would delay bulls.

Res: 1.6000, 1.6017, 1.6033, 1.6050
Sup: 1.5989, 1.5965, 1.5930, 1.5900

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20120910075555.gif

USD/JPY

The pair has lost ground, as last Friday’s repeated upside rejection at important 79.00, triggered reversal that accelerated losses on dollar negative US data. Loss of the upper boundary of strong 78.20/00 base and dip to 78.00, sees more negative impact in the pair’s near-term outlook. Bounce off 78.00, on oversold hourly studies, is seen corrective, as lower timeframes indicators maintain bearish tone and daily ones moved into negative territory. Unless regain of 78.60/80 barriers is seen, immediate focus remains at the downside, with break below 78.00 to expose 77.65, 01 June low and possibly trigger fresh phase lower, as part of broader downtrend from 84.17, 15 Mar annual high.

Res: 78.29, 78.50, 78.60, 78.80
Sup: 78.17, 78.00, 77.65, 77.50

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20120910075532.gif

USD/CHF

Dollar/Swiss extended its short-term downtrend off 0.9970, as break below psychological support and near-term base at 0.9500, accelerated losses through initial support at 0.9461. Weekly close below 0.9500, sees potential for further bearish action, as the price dipped to 0.9430 so far, just ahead of our next target and very strong support zone at 0.9420/00, where Fib 61.8% of 0.9041/0.9970 and 200 day lie. Brief consolidation is for now limited within narrow range, with any stronger bounce, requiring regain of minimum 0.9520, to aver immediate downside risk and open way for stronger correction.

Res: 0.9465, 0.9487, 0.9500, 0.9520
Sup: 0.9430, 0.9420, 0.9400, 0.9366

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20120910075503.gif

WindsorBrokers

09-11-2012, 04:34 AM

EUR/USD

The single currency remains in a near-term corrective mode, easing further from last Friday’s fresh high at 1.2813. Initial support at 1.2750 comes under pressure, with further extension lower on weak hourly studies, to target strong support at 1.2700, where Fib 38.2% of 1.2500/1.2813 and trendline connecting 1.2500 and 1.2558, lies. Violation of this support would signal stronger reversal. On the upside, very strong resistance zone at 1.2820/40 zone is seen as a major obstacle and break here to accelerate gains towards 1.2900/1.3000.

Res: 1.2800, 1.2813, 1.2823, 1.2832
Sup: 1.2751, 1.2739, 1.2700, 1.2656

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20120911070250.gif

GBP/USD

Near-term price action moves in corrective/consolidative mode, as reversal from fresh high at 1.6033 has been contained by hourly 55 day EMA at 1.5958. Regain of 1.6000 handle and improving hourly conditions, see potential for fresh attack at 1.60333, to resume the uptrend and focus 1.6060 and 1.6100. Alternative scenario sees risk of losing initial support at 1.5950 to open more important support and breakpoint at 1.5900 zone that would signal stronger reversal.

Res: 1.6017, 1.6033, 1.6050, 1.6060
Sup: 1.5981, 1.5951, 1.5930, 1.5911

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20120911070231.gif

USD/JPY

Trades in near-term sideways mode, moving within very narrow range, following recent test of very important 78.00 base. As the upside remains capped by descending hourly 20 day EMA and initial resistance at 78.30, with negative tone dominating on lower timeframes, not much of bounce to be expected, unless key barriers at 78.80/79.00 are regained. Penetration of 78.00 to signal fresh weakness, with break below 77.65, required to confirm the continuation of larger downtrend from 84.17.

Res: 78.32, 78.50, 78.60, 78.80
Sup: 78.17, 78.00, 77.65, 77.50

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20120910075532.gif

USD/CHF

The downside came under pressure again, as brief corrective action and basing attempt of 0.9430 low, was short-lived. Break below 0.9430 opens very strong support zone at 0.9420/00, reinforced by 200 day MA, below which to signal resumption of short-term downtrend from 0.9970 and focus 0.9366/33 next. Any bounce above 0.9500 would provide temporary relief.

Res: 0.9469, 0.9482, 0.9500, 0.9520
Sup: 0.9430, 0.9420, 0.9400, 0.9366

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20120911070155.gif

alayoua

09-11-2012, 04:40 AM

Market Overview by FXCC Sep 11 2012

EUR/USD rally a bluff until Spain bailout request?

Spanish Prime Minister Rajoy affirmed on Monday, in a RTVE Spanish TV interview, that his team is "studying bailout conditions." On the contrary, he also said he will refuse outside conditions over a possible bailout, a contradictory statement that sooner or later will see the harsh reality slashing in his face, Either in coming weeks/monhts.

London session ahead will be a soft one again in terms of EUR macro data related, with only some French jobs data at 05:30 GMT, followed by German whole price index 30 minutes later, and Dutch trade balance at 07:30 GMT. No major EZ sovereign debt auction either taking place but some Dutch bond selling at 08:00 GMT
Read More
https://support.fxcc.com/email/technical/11092012/

UPCOMING EVENTS :
2012-09-11 08:30 GMT United Kingdom. Goods Trade Balance (Jul)
2012-09-11 12:00 GMT United States. Trade Balance (Jul)
2012-09-11 17:00 GMT United States. 3-Year Note Auction
2012-09-11 23:50 GMT Japan. Machinery Orders (YoY) (Jul)

FOREX NEWS :
2012-09-11 04:47 GMT EUR/USD capped below 1.2800
2012-09-11 04:31 GMT GBP/USD bid above 1.6000
2012-09-11 04:48 GMT AUD to underperform – UBS
2012-09-10 23:20 GMT AUD/USD within tight range around 1.0330

EURUSD : 1.27699 / 1.27702
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/11092012/EURUSD.gif

1.2920 | 1.2870 | 1.2817
1.2754 | 1.2700 | 1.2652

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

MARKET ANALYSIS - Intraday Analysis

Despite the consolidation provided yesterday, EURUSD still under the bullish pressure on the medium term perspective. All of our supports and resistance levels remain at the same levels. Brake above the resistance at 1.2817 (R1) would suggest next target at 1.2870 (R2) and any further gain would then be limited to 1.2920 (R3). However break below the support at 1.2754 (S1) might provide necessary space for further retracement development. We suggest next target at 1.2700 (S2), brake here is required to enable final target at 1.2652 (S3).

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GBPUSD : 1.60091 / 1.60098
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/11092012/GBPUSD.gif

1.6103 | 1.6069 | 1.6034
1.5976 | 1.5942 | 1.5909

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

MARKET ANALYSIS - Intraday Analysis

Pair dropped below the suggested support level at 1.5976 but failed to establish significant move. We expect a new attack for that level today. Decline below the support level at 1.5976 (S1) would suggest next target at 1.5942 (S2), further easing might face last support for today at 1.5909 (S3). If the price manages to stay above the suggested support at 1.5976 (S1), we expect market to retest our next resistance level at 1.6034 (R1). Clearance here is required for the instrument strengthening towards to our targets at 1.6069 (R2) and 1.6103 (R3) in potential. In focus is the Goods Trade Balance (Jul) release at 08:30 GMT.

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USDJPY : 78.218 / 78.223
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/11092012/USDJPY.gif

78.74 | 78.54 | 78.36
78.01 | 77.81 | 77.62

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

MARKET ANALYSIS - Intraday Analysis

We are not expecting significant volatility increase today however Japan Machinery Orders (release at 23:50 GMT might assist to the trend development. Measures of resistance might be activating when the pair approaches the 78.36 (R1), brake here would suggest next target at 78.54 (R2). If the price holds its momentum on the upside we can expect a further rise towards to 78.74 (R3). Fresh low is acting as support level for the pair at 78.01 (S1). Loss here might drive market price towards to our next target at 77.81 (S2) and any further easing would then be focus on last support at 77.62 (S3).

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

alayoua

09-12-2012, 02:32 AM

Market Overview by FXCC Sep 12 2012

Consensus ESM approved: Will it come with conditions?

“Market consensus for tomorrow's Constitutional Court judgement is overwhelmingly that the Constitutional Court will not block ESM and the Fiscal Pact: 99% of respondents in our Investor poll this week subscribe to this view.” According to a Reuters poll of 20 legal experts, there is unanimous consensus the soon-to-be-established ESM will be approved but with strings as the wildcard. Strings could mean a German limit on contributions, making a case for euro shorts ahead of the court decision, due at 0800 GMT today.

London session ahead will be very busy as the common currency faces one of most important days ahead for its future. There are plenty of risk events in the coming hours, that will presumable pick volatility up. For starters in terms of macro data EUR related France will release CPI figures for Aug at 05:30 GMT, followed by German CPI 30 minutes later, and French current account at 06:45 GMT. Spain CPI will be out at 07:00 GMT, followed by Italian industrial production 1 hour later, and EU industrial production along with Portugal CPI another hour after.
Read More
https://support.fxcc.com/email/technical/12092012/

UPCOMING EVENTS :
2012-09-12 06:00 GMT | Germany. Harmonised Index of Consumer Prices (Aug)
2012-09-12 08:30 GMT | United Kingdom. Claimant Count Change (Aug)
2012-09-12 09:00 GMT | E.M.U. Industrial Production w.d.a. (YoY) (Jul)
2012-09-12 21:00 GMT | New Zealand. RBNZ Interest Rate Decision

FOREX NEWS :
2012-09-12 04:43 GMT | EUR/USD above 1.2850 ahead of a crucial day for the common currency
2012-09-12 03:30 GMT | NZD/USD rally hits 0.8200, highest in 5 weeks
2012-09-12 02:45 GMT | AUD/JPY approaching 50% Fibo res.
2012-09-12 01:54 GMT | USD/JPY rising back toward 78.00 as Asia turns ‘risk-on’

EURUSD : 1.28724 / 1.28727
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/12092012/EURUSD.gif

1.3018 | 1.2952 | 1.2885
1.2837 | 1.2767 | 1.2701

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

MARKET ANALYSIS - Intraday Analysis

Constitutional court expected to give its preliminary ruling on the ESM and the fiscal compact today, this would be the major market driver for the currency. Our target at 1.2870 was met yesterday and market closed on a positive note. Fresh high, formed today at 1.2885 (R1) is a next attractive point for the uptrend penetration. If a brake occur here we suggest gradual targets to be placed at 1.2952 (R2) and 1.3018 (R3). Next upcoming support holds at 1.2837 (S1), a consolidation development below it might take the pair towards to eventual supports located at 1.2767 (S2) and 1.2701 (S3) in potential.

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GBPUSD : 1.60766 / 1.60774
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/12092012/GBPUSD.gif

1.6186 | 1.6136 | 1.6085
1.6051 | 1.5997 | 1.5940

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

MARKET ANALYSIS - Intraday Analysis

Cable managed to advance above the suggested resistance level at 1.6034 and printed a fresh high during the European session at 1.6085 (R1), which is our next resistance level for today. Rise above it might keep the bearish pressure intact and expose next targets at 1.6136 (R2) and 1.6186 (R3) later on today. We placed our next support level below the both moving averages at 1.6051 (S1). Loss here might enable bearish pressure and downgrade Cable towards to expected targets at 1.5997 (S2) and 1.5940 (S3). United Kingdom Claimant Count Change at 08:30 GMT is the next data release in focus.

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USDJPY : 77.884 / 77.889
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/12092012/USDJPY.gif

78.33 | 78.17 | 78.01
77.69 | 77.51 | 77.33

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

MARKET ANALYSIS - Intraday Analysis

USDJPY gained momentum yesterday and reached our downside target at 77.81. A medium-term bias is negative now though intraday bullish forces might be activated if the pair penetrates above the resistance level at 78.01 (R1). Next immediate resistance levels holds at 78.17 (R2) and 78.33 (R3). Conversely, next support level stays right below the fresh low, provided yesterday at 77.69 (S1). Brake here would suggest next target at 77.51 (S2) and any further fall would then be limited by last support at 77.33 (S3).

Source: FX Central Clearing Ltd,( Best Forex Trading Software | ECN Forex News Trading | Forex Options Trading | FXCC (http://www.fxcc.com) )

alayoua

09-13-2012, 06:03 AM

Market Overview by FXCC Sep 13 2012

QE3 done deal or coinflip?

An overwhelming majority, as reflected by recent USD selling, sees it obvious that the economy in the US is weak, and with Bernanke reminding how well past QEs have worked in his speech at Jackson Hole, not to forget the last straw being the big miss in last Friday's NFP reports, talking about a fresh wave of money printing announced today seems logical. On the other hand, there is a case that points towards 'disappointment' being a prospect not that distant. With Europe having kicked the can down the road yet again thru new stimulus policies by the ECB – subject to Spain bailout request and the economic data in the US modestly upbeat in general in early September, one may also make the case for another month of 'wait-and-see” by the Fed. Not to forget is election time in the US, and any new 'money printing' may be controversial.

London session ahead will be a quite one data related waiting for the key event for the day in the form of FOMC Fed fund rates at 16:30 GMT. During the European hours, few major risk events will be coming from Switzerland, so some volatility could be expected around EUR/CHF cross given latest moves, while for EUR macro data related the EU will publish ECB monthly bulletin at 08:00 GMT at the same time than Italy CPI, followed 1 hour later by EU labor costs index.
Read More
https://support.fxcc.com/email/technical/13092012/

UPCOMING EVENTS :
2012-09-13 07:30 GMT | Switzerland. SNB Interest Rate Decision
2012-09-13 08:00 GMT | E.M.U. ECB Monthly Report
2012-09-13 18:15 GMT | United States. Fed's Monetary Policy Statement and press conference
2012-09-13 16:30 GMT | United States. Fed Interest Rate Decision

FOREX NEWS :
2012-09-13 04:34 GMT | GBP/USD moving sideways above 1.61
2012-09-13 04:33 GMT | EUR/USD threatening recent 4-month highs
2012-09-13 01:16 GMT | EUR/AUD prints “Pin,” set for bullish continuation?
2012-09-13 00:54 GMT | Potential for further USDJPY selling post FOMC - UBS

EURUSD : 1.29249 / 1.29254
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/13092012/EURUSD.gif

1.3086 | 1.3018 | 1.2952
1.2876 | 1.2817 | 1.2748

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

MARKET ANALYSIS - Intraday Analysis

Following the German ratification of the ESM, EURUSD bounced though closed trading session on the positive tone. The Focus will now shift to Thursday's FOMC meeting at 18:15 GMT. Currently pair is moving towards to our next resistance level at 1.2952 (R1). Clearance here would suggest next targets at 1.3018 (R2) and 1.3086 (R3). The downside trend evolvement is limited by next support level at 1.2876 (S1), brake here might lead to the next targets execution at 1.2817 (S2) and 1.2748 (S3).

----------------
GBPUSD : 1.61173 / 1.61182
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/13092012/GBPUSD.gif

1.6235 | 1.6186 | 1.6136
1.6079 | 1.6035 | 1.5985

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

MARKET ANALYSIS - Intraday Analysis

Pair has settled positive bias on the hourly timeframe but recently looks overbought. From the technical side, upside pressure might force the market to test next resistance level at 1.6136 (R1). Successful penetration above it might provide sufficient space for the price increase towards to our next targets at 1.6186 (R2) and 1.6235 (R3). On the flip side, depreciation below the support level at 1.6079 (S1) would enable our targets at 1.6035 (S2) and 1.5985 (S3) in potential.

----------------
USDJPY : 77.717 / 77.721
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/13092012/USDJPY.gif

78.17 | 78.01 | 77.86
77.69 | 77.51 | 77.33

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

MARKET ANALYSIS - Intraday Analysis

Current installation might suggest us about the bearish market sentiment. Morning decline below the key support level at 77.69 (S1) might open the road towards to lower targets, located at the same levels as yesterday for the downside penetration: 77.51 (S2) and 77.33 (S3).A move above the resistance level at 77.86 (R1) might drive price towards to the next target at 78.01 (R2) and any further rise would then be limited by last resistance at 78.17 (R3).

Source: FX Central Clearing Ltd,( Forex Practice Account | ECN Broker | ECN Forex | FXCC (http://www.fxcc.com) )

alayoua

09-14-2012, 06:45 AM

Market Overview by FXCC Sep 14 2012

On USD/JPY intervention watch today - Westpac

According to Sean Callow, senior currency strategist at Westpac: "Some support came from NY traders telling news wires that the Bank of Japan had checked prices. We also heard an anonymous Japanese govt official deeming post-FOMC yen moves to be 'very excessive, speculative'." Westpac are very much on Intervention watch today.

London session ahead will bring EU CPI and employment figures, along with Italy current account at 09:00 GMT, with no more EUR/USD macro data related for the day till the NY session time, when before it opens, US CPI and retail sales are expected at 12:30 GMT. No sovereign debt auction in the euro zone as usual for Fridays. Monthly currency options expire during the weekend.
Read More
https://support.fxcc.com/email/technical/14092012/

UPCOMING EVENTS :
2012-09-14 09:00 GMT E.M.U. Consumer Price Index (YoY) (Aug)
2012-09-14 12:30 GMT United States. Retail Sales (MoM) (Aug)
2012-09-14 13:15 GMT United States. Industrial Production (MoM) (Aug)
2012-09-14 13:55 GMT United States. Reuters/Michigan Consumer Sentiment Index (Sep) Preliminar

FOREX NEWS :
2012-09-14 04:36 GMT EUR/USD above 1.30 ahead of ECOFIN
2012-09-14 02:39 GMT AUD/JPY hits 82.00
2012-09-14 01:56 GMT AUD/USD breaks NY highs; targeting 1.0615
2012-09-13 23:23 GMT USD/JPY: BoJ eyeing 77.00 – V.Bednarik

----------------
EURUSD : 1.30259 / 1.30262
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/14092012/EURUSD.gif

1.3267 | 1.3179 | 1.3086
1.2959 | 1.2874 | 1.2789

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

MARKET ANALYSIS - Intraday Analysis

The European Council meeting today might bring additional volatility to the markets. We expect that EURUSD decline today however medium term bias remains positive. Uptrend development might face next resistance level at 1.3086 (R1). Brake here is essential for the bullish market participants with next targets in focus at 1.3179 (R2) and 1.3267 (R3). On the downturn, a consolidation might take the pair towards to eventual supports located at 1.2959 (S1), 1.2874 (S2) and 1.2789 (S3). Consumer Price Index release at 09:00 GMT is the next macroeconomic data in focus.

----------------
GBPUSD : 1.61997 / 1.62006
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/14092012/GBPUSD.gif

1.6347 | 1.6289 | 1.6235
1.6164 | 1.6106 | 1.6048

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

MARKET ANALYSIS - Intraday Analysis

GBPUSD gained momentum and maintained uptrend development. Currently pair trades at the day high and we see potential for further appreciation towards to next resistance at 1.6235 (R1). Brake here would suggest next targets at 1.6289 (R2) and 1.6347 (R3). Though, our short –term outlook is negative and easing towards to our next support level at 1.6164 (S1) is possible. Clear break here is required for further depreciation with next intraday targets at 1.6106 (S2) and 1.6048 (S3) in potential.

------------------
USDJPY : 77.636 / 77.642
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/14092012/USDJPY.gif

78.09 | 77.92 | 77.74
77.51 | 77.35 | 77.17

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

MARKET ANALYSIS - Intraday Analysis

USDJPY eased yesterday below the suggested support level at 77.69 and managed to reach our final target at 77.33. Market sentiment is bearish and brake below the support at 77.51 (S1) would suggest next target at 77.35 (S2). Price level at 77.17 (S3) is acting as final support level for the pair today. On the other hand, If the market manage to climb above the resistance level at 77.74 (R1) we expect next target to be achieved at 77.92 (R2) and any further rise would then be targeting to 78.09 (R3).

Source: FX Central Clearing Ltd,( ECN Brokers | ECN Forex Brokers | ECN Trading | FXCC (http://www.fxcc.com) )

alayoua

09-17-2012, 05:52 AM

Market Overview by FXCC Sep 17 2012

China forecasts adjusted lower; rate cutting cycle over - Standard Chartered

Standard Chartered has just published a note to clients revising the 2012 and 2013 forecasts GDP for China, now looking at 7.8% growth in 2013, and a better H2 than H1; "We lower our GDP growth forecasts for 2012 and 2013 to 7.7% and 7.8%, respectively (from 8.1% and 8.7%), expecting clearer signs of the start of a moderate recovery to emerge in Q4-2012 and early 2013." Furthermore, they, now believe "the interest rate cutting cycle has ended and expect the next move to be up, in late 2013." Looking at the CNY, the bank thinks "it should remain stable against the USD in 2012, but appreciate mildly as the trade surplus revives in 2013-14." Standard Chartered forecasts USD-CNY at 6.19 at end-2013, 6.00 at end-2014.

Not many macro economic data EUR related will be released during London session ahead, starting with EU current account and Italian trade balance at 08:00 GMT, followed by EU labor costs 1 hour later. In the EZ sovereign debt front France will auction some short term maturities, while headlines coming from Greece or Spain could be making headlines any time during the session.
Read More
https://support.fxcc.com/email/technical/17092012/

UPCOMING EVENTS :
2012-09-17 08:00 GMT | E.M.U. Current Account s.a (Jul)
2012-09-17 08:00 GMT | E.M.U. Trade Balance s.a. (Jul)
2012-09-17 12:30 GMT | Canada. Canadian portfolio investment in foreign securities (Jul)
2012-09-17 12:30 GMT | United States. NY Empire State Manufacturing Index (Sep)

FOREX NEWS :
2012-09-17 04:37 GMT | EUR/USD unchanged above 1.31
2012-09-17 04:09 GMT | AUD/USD bias bearish - NAB
2012-09-17 02:16 GMT | GBP/JPY pulls back below 127.00
2012-09-17 01:53 GMT | Rebound in USD/JPY favoured - TDS

---------------
EURUSD : 1.31301 / 1.31307
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/17092012/EURUSD.gif

1.3355 | 1.3267 | 1.3179
1.3085 | 1.2995 | 1.2903

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

MARKET ANALYSIS - Intraday Analysis

Last week was totally positive for EUR. After the FOMC has announced unlimited purchases of MBS (Mortgage-backed Securities) at a pace of $40 billion per month and QE3 announcement, EURUSD rose to the new highs. Today we expect slow trading session ahead. Our next resistance level is placed above the fresh high at 1.3179 (R1), violation here might expose next targets at 1.3267 (R2) and 1.3355 (R3) if the uptrend remains in power. Correction is possible below the next support level, placed at 1.3085 (S1). Further decline below it might test next targets at 1.2995 (S2) and 1.2903 (S3) in potential.

-----------------
GBPUSD : 1.62260 / 1.62271
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/17092012/GBPUSD.gif

1.6347 | 1.6301 | 1.6255
1.6195 | 1.6145 | 1.6096

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

MARKET ANALYSIS - Intraday Analysis

GBPUSD currently deviates from its initial uptrend formation and we expect low volatility today. If the pair can breach the key resistance at 1.6255 (R1), we suggest next targets at 1.6301 (R2) and any further rise would then be limited by last resistance at 1.6347 (R3) intraday. From the other side, loss of next support at 1.6195 (S1) might encourage executing of protective orders and drive market price towards to the next targets at 1.6145 (S2) and 1.6096 (S3).

-------------------
USDJPY : 78.299 / 78.302
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/17092012/USDJPY.gif

78.81 | 78.64 | 78.47
78.14 | 77.96 | 77.78

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

MARKET ANALYSIS - Intraday Analysis

Market stabilized after the Friday’s gains and we expect further consolidation development later on today as main scenario. Next support could be found at 78.14 (S1), clearance here is required to attack lower targets at 77.96 (S2) and 77.78 (S3). From the other side, if the pair manages to overcome the 78.47 (R1) level, we might see further appreciation towards to next targets at 78.64 (R2) and 78.81 (R3) in perspective.

Source: FX Central Clearing Ltd,( ECN Platform | Forex Broker Reviews | Online Forex Broker | FXCC (http://www.fxcc.com) )

alayoua

09-18-2012, 02:23 AM

Market Overview by FXCC Sep 18 2012

RBA minutes - Bias still to the downside

The RBA's minutes for this month's 4 Sep meeting is out, with plenty of downbeat commentary regarding the worsening outlook for Australia due to global and Chinese growth concerns, acknowledging prospects are now more uncertain. RBA added there is still scope to reduce the benchmark interest rate should outlook worsen significantly. The extent of RBA concern surrounding China appears to have worsened, while the potential for an October rate cut is very much on the cards. According to RBA, previous rate cuts are still working through economy.

London session ahead will only have a single risk event for the European morning coming out EUR related, but a key one, as German ZEW economic sentiment is, due at 09:00 GMT, which usually implies volatility. The UK will publish CPI figures at 08:30 GMT.
Read More
https://support.fxcc.com/email/technical/18092012/

UPCOMING EVENTS :
2012-09-18 08:30 GMT | United Kingdom. Core Consumer Price Index (Aug)
2012-09-18 09:00 GMT | Germany. ZEW Survey - Economic Sentiment (Sep)
2012-09-18 12:00 GMT | United States. Fed's Evans Speech
2012-09-18 12:30 GMT | United States. Current Account (Q2)

FOREX NEWS :
2012-09-18 04:39 GMT | GBP/USD flat around 1.6245 ahead of UK CPI data
2012-09-18 04:35 GMT | EUR/USD awaits ZEW around 1.31
2012-09-18 03:59 GMT | USD/JPY stalls below 79.00 ahead of BoJ
2012-09-18 04:14 GMT | NZD/USD gently bid above 0.8250

----------------
EURUSD : 1.31018 / 1.31021
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/18092012/EURUSD.gif

1.3355 | 1.3267 | 1.3179
1.3085 | 1.2995 | 1.2903

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

MARKET ANALYSIS - Intraday Analysis

EURUSD remains under the sideways direction and we leave all ours support and resistance at the same levels as yesterday. Upside direction is limited by the next resistance level at 1.3179 (R1), brake here would enable higher target at 1.3267 (R2). Sufficient momentum on the upside direction might expose last target at 1.3355 (R3) in potential. On the downturn, clear brake of support level at 1.3085 (S1) would enable target at 1.2995 (S2) and any further fall would then be limited by last support level at 1.2903 (S3). In focus the Germany ZEW Survey - Economic Sentiment release at 09:00 GMT.

--------------
GBPUSD : 1.62435 / 1.62444
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/18092012/GBPUSD.gif

1.6392 | 1.6347 | 1.6301
1.6212 | 1.6165 | 1.6119

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

MARKET ANALYSIS - Intraday Analysis

BOE Inflation Letter might be a major market driver today for GBP however next important data release expected at 08:30 GMT - Core Consumer Price Index (Aug). GBPUSD penetrated above the suggested resistance level at 1.6255 yesterday but failed to establish positive tone. A further increase will then bring focus to the next resistance levels at 1.6301 (R1) and 1.6347 (R2). Final resistance can be found at 1.6392 (R3) level later on today. Next support level holds at 1.6212 (S1), brake below it would suggest next target at 1.6165 (S2) and any further fall would then be limited to 1.6119 (S3).

----------------
USDJPY : 78.648 / 78.654
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/18092012/USDJPY.gif

79.42 | 79.16 | 78.92
78.47 | 78.21 | 77.95

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

MARKET ANALYSIS - Intraday Analysis

USDJPY climbed yesterday above the suggested resistance level at 78.47 and hit our target at 78.81. Next resistance is spotted at 78.92 (R1), brake here might expose next target at 79.16 (R2) and any further rise would then be targeting 79.42 (R3). Our now bullish short term outlook will remain in place while USDJPY trades above the support at 78.47 (S1). A downside move below it might retest our next targets at 78.21 (S2) and 77.95 (S3) in potential.

Source: FX Central Clearing Ltd,( ECN Forex Trading| Forex Rates | Forex Market | FXCC (http://www.fxcc.com) )

WindsorBrokers

09-18-2012, 05:42 AM

EUR/USD

Near-term price action seems to be running out of steam, as renewed attempt through previous high at 1.3167 and linear regression channel top failed. As the price attempts below near-term base at 1.3080 and hourly studies entering negative territory, formation of doji-star-like pattern on the daily chart would be a signal for stronger retracement of past two-week rally from 1.2500 base. Initial support lies at 1.3050, Fib 38.2% and channel support, ahead of figure support at 1.3000, also 50% retracement of 1.2854/1.3170 ascend. Loss of the latter would put immediate bulls on hold in favor of further reversal into 1.2930/00 support area. Any reversal above 1.3000, however, will keep bulls in play for possible fresh attempt towards 1.3170/1.3200.

Res: 1.3100, 1.3120, 1.3139, 1.3170
Sup: 1.3080, 1.3050, 1.3011, 1.3000

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20120918070914.gif

GBP/USD

The positive sentiment keeps the upside fully in focus, as the pair posted marginally fresh high at 1.6272 yesterday, en-route to our near-term target and 30 Apr swing top at 1.6300. Consolidation into 1.6230 zone is under way, with still strong momentum on overbought near-term studies, seeing scope for final push towards 1.6300. Previous higher platform at 1.6200, reinforced by 55 day EMA, underpins the action and only break here would delay bulls, in favor stronger correction.

Res: 1.6235, 1.6255, 1.6279, 1.6300
Sup: 1.6212, 1.6200, 1.6184, 1.6143

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20120918070852.gif

USD/JPY

Corrective rally off 77.12, 13 Sep spike low, keeps near-term bulls in play, as the price action penetrated Fib 61.8% barrier at 78.68, as well as strong resistance zone at 78.80/79.00, with 78.92 seen so far. Corrective easing found a footstep at 78.50, also Fib 23.6%, for possible fresh attack at important 79.00 zone, with lift above 79.13, daily cloud top, to signal further retracement towards the next significant barrier at 79.65. MA’s bullish crossover at 78.20, underpins the action and only break here would sideline immediate bulls.

Res: 78.80, 78.92, 79.00, 79.13
Sup: 78.48, 78.23, 78.15, 78.00

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20120918070825.gi

USD/CHF

The pair moves in a two-day consolidative sideways mode, holding in a narrow range, just above last Friday’s fresh low at 0.9237. Negative/neutral hourly studies suggest further consolidation, however, oversold conditions on 4h chart, do not rule out some stronger corrective action, with good resistance at 0.9340/50 zone expected to cap for now. Broader bears remain in play for fresh extension lower and test of next supports at 0.9200/0.9180.

Res: 0.9294, 0.9300, 0.9311, 0.9339
Sup: 0.9258, 0.9237, 0.9200, 0.9180

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20120918070757.gif

alayoua

09-19-2012, 02:28 AM

Market Overview by FXCC Sep 19 2012

BOJ eases more than expected

The BOJ left the overnight call rate range unchanged between 0.0% and 0.1%. Amid much anticipated expectations of the BoJ following the Fed and ECB with further easing, the bank decided to increase the APP program by 10 trillion yen. The increase in the size corresponds to additional increases of treasury disccount bills by 5trillion yen and purchases in JGBs by another 5 trillion. BOJ keeps monthly JGB purchases at 1.8 trillion yen. As John Noonan, Head of IFR Markets, notes: "BOJ has eased a bit more than most were expecting. Market likes it and USD/JPY testing 79.00 level from 78.70 before announcment."

Lack of macro economic EUR related data for the London session ahead will be the news, with only ECB Governing Council 2 day Meeting starting today, while in the sovereign debt auctions front Germany will sell up to € 5B in 2 year federal notes, and Portugal trying to sell up to € 1.75 in short term T-bills at 09:30 GMT. Portugal 10 year bonds reached past week record 1 ½ year-lows around 8% coming from as high as 17% from Feb 2012, last at 8.72%, while Germany is dealing with 4-month highs touched on Monday at 1.74%, last at 1.65%.
Read More
https://support.fxcc.com/email/technical/19092012/

UPCOMING EVENTS :
2012-09-19 08:30 GMT | United Kingdom. Bank of England Minutes
2012-09-19 09:00 GMT | Switzerland. ZEW Survey - Expectations (Sep)
2012-09-19 14:00 GMT | United States. Existing Home Sales Change (Aug)
2012-09-19 22:45 GMT | New Zealand. Gross Domestic Product (YoY) (Q2)

FOREX NEWS :
2012-09-19 04:48 GMT | GBP/JPY, blue sky until 130.00?
2012-09-19 04:14 GMT | EUR/USD spikes after BoJ
2012-09-19 04:03 GMT | JPY weakens across the board post-BoJ
2012-09-19 02:43 GMT | AUD/JPY peels back below 82.00

EURUSD : 1.30706 / 1.30711
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/19092012/EURUSD.gif

1.3227 | 1.3172 | 1.3116
1.2995 | 1.2941 | 1.2888

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

MARKET ANALYSIS - Intraday Analysis

EURUSD penetrated below the suggested support level at 1.3085 yesterday but failed to go much lower and reach any of our targets. Medium term bias remains positive and today we expect further appreciation if it manage to overcome next resistance level at 1.3116 (R1). Strengthening above it might open way towards to next targets at 1.3172 (R2) and 1.3227 (R3). Current retracement formation might face next support levels at 1.2995 (S1), 1.2941 and 1.2888 (S3) in potential. ZEW Survey - Expectations from Switzerland is the next macroeconomic data release in focus at 09:00 GMT.

-----------------
GBPUSD 1.62525 / 1.62534
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/19092012/GBPUSD.gif

1.6348 | 1.6308 | 1.6273
1.6218 | 1.6181 | 1.6144

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

MARKET ANALYSIS - Intraday Analysis

The GBPUSD trades in a sideways channel between our next support level at 1.6218 (S1) and resistance at 1.6273 (R1). A break in either direction might determine the trading bias for the medium term perspective. Bank of England Minutes at 08:30 GMT might provide sufficient impulse for the market move. Penetration above the 1.6273 (R1) would suggest next targets at 1.6308 (R2) and 1.6348 (R3) in potential. On the other side, loss of 1.6218 (S1) would enable targets at 1.6181 (S2) and 1.6144 (S3). We suggest waiting for a clear directional signal prior taking any positions

---------------
USDJPY : 79.164 / 79.167
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/19092012/USDJPY.gif

79.84 | 79.63 | 79.42
79.93 | 78.72 | 78.51

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

MARKET ANALYSIS - Intraday Analysis

After the BoJ Interest Rate Decision stays unchanged at 0.1%, USDJPY gained momentum and reached our target at 79.17 today. Technically, current bullish market sentiment will remain in place while USDJPY trades above the support level at 79.93 (S1). Our upwards targets locates at 79.42 (R1), 79.63 (R2) and 79.84 (R3) in potential. Conversely, decline below the suggested support level at 79.93 (S1) might initiate protective orders execution and expose next targets at 78.72 (S2) and 78.51 (S3).

Source: FX Central Clearing Ltd,( Forex Rate | Forex News | ECN Forex Broker | FXCC (http://www.fxcc.com) )

WindsorBrokers

09-19-2012, 04:47 AM

EUR/USD

Corrective easing off 1.3170 high has found temporary footstep at 1.3030 zone, channel support, however, upside action lacks momentum for clearance of 1.3080/1.3100 barriers, to avoid near-term downside risk. With hourly indicators in the negative territory, the downside remains vulnerable, as loss of initial 1.3030 and 1.3000, also 50% retracement support, would trigger extension towards important 1.2900 support, Fib 38.2% of 1.2500/1.3170 upleg / and 4h 55 day EMA. Conversely, lift above 1.3100 to re-focus upper boundaries.

Res: 1.3080, 1.3100, 1.3120, 1.3139
Sup: 1.3028, 1.3000, 1.2975, 1.2934

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20120918070914.gif

GBP/USD

The pair remains well supported, as the consolidative phase holds in a narrow range and just below fresh high at 1.6272. Near-term target and 30 Apr swing top at 1.6300 remains in near-term focus, as hourly studies move above their midlines. However, overbought larger picture’s conditions still see risk of stronger reversal, with loss of initial supports at 1.6220/00, required to confirm.

Res: 1.6272, 1.6300, 1.6340, 1.6400
Sup: 1.6220, 1.6200, 1.6184, 1.6150

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20120918070852.gif

USD/JPY

The pair extends its corrective rally from 77.12 low, as fresh gains from 78.50 higher base, penetrated through important 79.00 zone barrier. Emerging above daily Ichimoku cloud top at 79.20, the price faces immediate barrier at 79.30, 200 day MA, break of which to confirm near-term bottom and positive stance for possible extension towards 79.65, 20 Aug peak. Previous tops at 78.90 zone now offer initial support, with 4h 20 day EMA, underpinning the advance.

Res: 79.21, 79.30, 79.50, 79.65
Sup: 79.00, 78.90, 78.55, 78.23

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20120918070825.gif

USD/CHF

The pair continues to move in a consolidative sideways mode, with near-term price action being entrenched within a narrow range, just above last Friday’s fresh low at 0.9237. Neutral hourly studies suggest further consolidation, as 20 day EMA caps just below 0.9300 handle, with break here required to spark stronger upside action, as 4h studies are emerging from oversold zone. Regain of 0.9350/0.9400 would signal correction under way, otherwise fresh bears would threat 0.9200/0.9180, initially.

Res: 0.9295, 0.9300, 0.9311, 0.9339
Sup: 0.9258, 0.9237, 0.9200, 0.9180

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20120918070757.gif

WindsorBrokers

09-20-2012, 04:54 AM

EUR/USD

The pair continues to trend, as reversal off 1.3170 highs slides below psychological 1.3000 support and retraces nearly 76.4% of one-week rally from 1.2854, posting fresh session low at 1.2940, also 55 day EMA, on European session opening acceleration. As negative sentiment continues to dominate on near-term studies, the downside remains under pressure, with figure support and Fib 38.2% at 1.2900, seen next. Corrective action on overbought hourlies, with previous support at 1.3000, offering initial resistance, ahead of bear-trendline off 1.3170, currently at 1.3045, with 1.3080 expected to cap any stronger bounce. Only lift above 1.3100 would provide relief.

Res: 1.2992, 1.3000, 1.3045, 1.3074
Sup: 1.2950, 1.2940, 1.2914, 1.2900

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20120920081956.gif

GBP/USD

Cable extends its near-term downtrend to slide again below 1.6200 handle, following yesterday’s bounce that was capped at 1.6235. As near-term indicators move into negative territory, the downside remains in near-term focus. Today’s fresh dip to 1.6162, over 50% of 1.6074/1.6272 upleg, with 1.6150, Fib 61.8% and 1.6130, previous high / 55 day EMA, seen as next supports, with loss of 1.6100/1.6080 seen as a trigger for stronger retracement of larger 1.5769/1.6272 ascend. Former supports at 1.6200/35 zone are now reverted to resistances, with sustained break here to bring bulls back in play.

Res: 1.6200, 1.6220, 1.6235, 1.6265
Sup: 1.6162, 1.6150, 1.6100, 1.6080

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20120920081929.gif

USD/JPY

The pair lost ground following and upside rejection at important 79.20/30 resistance zone, daily cloud top / 200 day MA, as sharp two-legged reversal brings the price back to 78.00 zone, near 61.8% of initial 77.12/79.21 upleg. The downside remains exposed, as bears took control in the near-term price action, with break below 78.00 to open 77.50 and 77.12 supports for test. Yesterday’s consolidation high at 78.45, offers initial resistance, along with previous higher platform and 20/55 EMA’s bearish crossover at 78.55. Only regain of 79.00, would turn focus higher.

Res: 78.25, 78.45, 78.55, 79.00
Sup: 78.03, 77.92, 77.50, 77.12

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20120920081905.gif

USD/CHF

Near-term price action gets slight support on improving hourly studies, with brief break above range top and 0.9300, round figure resistance, seen as signal for stronger recovery.
As over 50% of initial 0.9416/0.9237 downleg has been retraced on the latest rally, with hourly studies gaining momentum, further recovery is seen likely. Break above 0.9348, Fib 61.8% is required to open key near-term resistance zone at 0.9400/16, 200 day MA / 13 Sep lower top, break of which to signal near-term bottom and allow for stronger recovery. However, failure under 0.9400, would increase risk of lower top and fresh slide, as larger picture remains bearish.

Res: 0.9334, 0.9353, 0.9400, 0.9416
Sup: 0.9300, 0.9260, 0.9237, 0.9200

[IMG]http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20120920081844.gif[/IMG

alayoua

09-20-2012, 06:06 AM

Market Overview by FXCC Sep 20 2012

HSBC Manufacturing PMI still in contraction at 47.8

The HSBC Flash China Manufacturing PMI registered a 2-month high of 47.8 in September from 47.6 in August, Markit Economics reported Thursday. This reading signals that the manufacturing sector in China remains in contraction (above 50.0 indicates industry expansion, below indicates contraction).

For the London session ahead the Spanish sovereign 10 year bond auction will take center stage, as yields have been below 6% for last few days, and previous auction reached a 6.65% final yield. France will also sell up to € 10B in different maturities starting at 08:50 GMT. In the macro data EUR related front Germany will release its PPI figures at 06:00 GMT, followed by French PMIs at 06:58 GMT, German PMIs at 07:28 GMT, Netherlands consumer confidence and unemployment 2 minutes later, EU PMIs at 07:58 GMT, and Italian industrial orders 2 minutes later.
Read More
https://support.fxcc.com/email/technical/20092012/

UPCOMING EVENTS :
2012-09-20 07:28 GMT | Germany. Markit Manufacturing PMI (Sep) Preliminar
2012-09-20 08:30 GMT | United Kingdom. Retail Sales (YoY) (Aug)
2012-09-20 12:30 GMT | United States. Initial Jobless Claims (Sep 15)
2012-09-20 14:00 GMT | United States. Philadelphia Fed Manufacturing Survey (Sep)

FOREX NEWS :
2012-09-20 04:35 GMT | EUR/JPY moves downhill, regional bourses deep in red
2012-09-20 04:31 GMT | EUR/USD holding above 1.30
2012-09-20 03:22 GMT | AUD/JPY pressured, Asian stocks weigh
2012-09-20 00:37 GMT | USD/JPY: expect slide to continue below 78.20 – V.Bednarik

EURUSD : 1.30031 / 1.30036
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/20092012/EURUSD.gif

1.3173 |1.3131 | 1.3085
1.2298 |1.2945 |1.2900

SUMMARY : Up
TREND : Downward penetration
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold

MARKET ANALYSIS - Intraday Analysis

Today we expect increase of volatility due to the many macroeconomic data releases. The Germany market Manufacturing PMI release at 07:28 GMT is the next news in focus for Eurozone. Local high, formed yesterday at 1.3085 (R1) is acts now as next immediate resistance level today. Brake here is required to enable stronger market action, targeting 1.3131 (R2) and 1.3173 (R3). At the moment instrument is moving towards to our next support level at 1.2298 (S1). If it breaks below it, we expect further downgrade towards to next targets at 1.2945 (S2) and 1.2900 (S3).

---------------
GBPUSD : 1.62029 / 1.62040
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/20092012/GBPUSD.gif

1.6311 | 1.6274 | 1.6239
1.6181 | 1.6144 | 1.6109

SUMMARY : Up
TREND : Downward penetration
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold

MARKET ANALYSIS - Intraday Analysis

Decline into the negative territory yesterday initiated selling pressure and GBPUSD dropped below the suggested support level at 1.6218. Technically, pair is set for new targets achievement. On the upside, next resistance locates above the today’s high at 1.6239 (R1). Break here would suggest next target at 1.6274 (R2) and any further rise would then be limited to 1.6311 (R3). However, successful retest of our next support level at 1.6181 (S1) would suggest a pullback expansion towards to targets at 1.6144 (S2) and 1.6109 (S3). In focus UK Retail Sales for August at 08:30.

-------------------
USDJPY : 78.113 / 78.118
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/20092012/USDJPY.gif

79.01 | 78.73 | 78.46
77.88 | 77.62 | 77.37

SUMMARY : Up
TREND : Downward penetration
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold

MARKET ANALYSIS - Intraday Analysis

The pair is under the process of recovering. Our bearish medium term outlook will remain in place while USDJPY trades below the resistance at 78.46 (R1). Break here might change market structure and determine medium term uptrend development. In such scenario we would suggest next targets at 78.73 (R2) and 79.01 (R3). Though, today we expect that the pair continues to extend its bearish pressure and face next support level at 77.88 (S1). Break here is required to extend easing towards to 77.62 (S2) and 77.37 (S3) in perspective.

Source: FX Central Clearing Ltd,( Forex Charts | Forex Exchange | ECN Forex Online | FXCC (http://www.fxcc.com) )

alayoua

09-21-2012, 05:03 AM

Market Overview by FXCC Sep 21 2012

EU and Spanish authorities working on bailout program - FT

EU authorities are presumably, according to FT reporters Peter Spiegel and Miles Johnson, working behind closed doors on a an aid package to Spain as well as preparing for an open-ended bond purchases program by the ECB. Brussels is reportedly helping Madrid to tweak an economic reform plan thought to be announced next week, the FT reports. "According to officials involved in the discussions, talks between the Spanish government and the European Commission are focusing on measures that would be demanded by international lenders as part of a new rescue programme, ensuring they are in place before a bailout is formally requested. The plan will focus on structural reforms to the Spanish economy."

London session ahead will lack any major risk event related to EUR, including sovereign debt auctions, as usual on Fridays, whit EZ periphery troubled countries yields at more reasonable levels, with Spanish 10y at 5.87%.
Read More
https://support.fxcc.com/email/technical/21092012/

UPCOMING EVENTS :
2012-09-21 07:30 GMT | Switzerland. SNB Quarterly Bulletin (Sep 21)
2012-09-21 08:30 GMT | United Kingdom. Public Sector Net Borrowing (Aug)
2012-09-21 12:30 GMT | Canada. Consumer Price Index (YoY) (Aug)
2012-09-21 16:40 GMT | United States. Fed's Lockhart speech

FOREX NEWS :
2012-09-21 03:32 GMT | AUD/USD bid above 1.0450, Asian stocks support
2012-09-21 02:46 GMT | EUR/USD should see larger correction - DailyFX
2012-09-21 02:38 GMT | AUD/JPY limited below 82.00
2012-09-21 00:57 GMT | USD/JPY slightly boosted, ticks above 78.30

EURUSD : 1.29865 / 1.29867
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/21092012/EURUSD.gif

1.3078 | 1.3045 | 1.3012
1.2967 | 1.2932 | 1.2895

SUMMARY Up
TREND Up trend
MA10 Bullish
MA20 Bullish
STOCHASTIC Overbought

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Market continued correction yesterday and exposed our target at 1.2945. Main tendency remains positive and we expect further appreciation later on today. Main scenario: Potential of going higher is seen above the next resistance at 1.3012 (R1), surpassing of this level would suggest next targets at 1.3045 (R2) and 1.3078 (R3). Alternative scenario: If it fail to go higher, we might see further retracement development below the support at 1.2967 (S1) with next target in focus at 1.2932 (S2). Final target locates at 1.2895 (S3).

---------------
GBPUSD : 1.62542 / 1.62551
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/21092012/GBPUSD.gif

1.6347 | 1.6311 | 1.6276
1.6232 | 1.6197 | 1.6163

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Currently Instrument appreciates by 0.3% and looks set for further gains later on today. On the slightly longer term formation of the correction is reasonable.Main scenario: Key resistance level locates at 1.6276 (R1), break here is required for uptrend formation targeting 1.6311 (R2) and 1.6347 (R3) in potential. Alternative scenario: Development of the pull back is possible below the next support level at 1.6232 (S1). A break here would suggest next target at 1.6197 (S2) and any further fall would then be targeting 1.6163 (S3).

-----------------
USDJPY : 78.161 / 78.163
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/21092012/USDJPY.gif

78.71 | 78.54 | 78.38
78.01 | 77.85 | 77.69

SUMMARY : Up
TREND : Downward penetration
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Instrument stabilized after the previous day’s losses and trades in a narrow channel without priority in direction on the hourly chart. In such situation we suggest waiting for a clear break out of important levels prior taking any positions. Main scenario: While medium term bias is negative we expect the break of next support level at 78.01 (S1) first. Next targets locates at 77.85 (S2) and 77.69 (S3) Alternative scenario: Possibility of the USDJPY strengthening is seen above the resistance at 78.38 (R1), targeting resistances at 78.54 (R2) and 78.71 (R3) in potential.

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

banknifty2012

09-22-2012, 06:36 AM

Nice chart details its good for see........................

www.banknifty.com

dmitrievsky

09-24-2012, 12:25 AM

Last week there was a change of mood on the main currency pair. Price could be fixed below the moving average near 1.3050, which is currently a significant drag. At the same time, the image fractal structure suggests the possibility of further reducing 1.2750/800 early in the week. Evidence of such reduction will be consolidating below 1.2900, while the abolition of the script will rise above 1.3050 support.

WindsorBrokers

09-24-2012, 04:17 AM

EUR/USD

The Euro came under pressure at the beginning of the week, as last Friday’s bounces failed to sustain gains above the bear-trendline off 1.3170 high and failed to regain 1.3080/1.3100 breakpoints. Fresh weakness brings the pair in the red territorry and just above the downtrend’s low at 1.2919, posted last week. Negative 1 and 4h chart studies keep the downside favored, as the price breaks below 4h 55 day EMA at 1.2955, where hourly 10 day EMA keeps the upside limited. Clearance of 1.2919, also Fib 38.2% of larger 1.2500/1.3170 upleg, is seen as a trigger for fresh weakness, with 1.2900 and 1.2850 to come in focus on a break. Initial resistance lies at 1.3000, ahead of Friday’s peaks at 1.3040/50 zone, while any change of direction requires break above 1.3080/1.3100 barriers.

Res: 1.2953, 1.2980, 1.3000, 1.3047
Sup: 1.2926, 1.2919, 1.2900, 1.2855

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20120924070931.gif

GBP/USD

The pair failed to capitalize last Friday’s break above key 1.6300 barrier, as fresh weakness followed two unsuccessful attempts higher. With nearly 76.4% of initial 1.6162/1.6308 upleg being erased, as the price briefly dipped below 1.6200 handles, more weakness is seen in the near-term action. Hourly studies moved in the negative territory and 10 day EMA, crossing below 55 and 20 day ones, maintaining the downside pressure. Sustained break below important 1.6200, also 4h cloud top, to open key near-term support at 1.6162, 20 Sep low, loss of which would open way for extension towards 1.6100 and 1.6074. Any bounce would face good barrier at 1.6260/70 zone and only break here would ease bear-pressure.

Res: 1.6240, 1.6258, 1.6266, 1.6294
Sup: 1.6200, 1.6185, 1.6162, 1.6100

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20120924070912.gif

USD/JPY

The pair’s near-term sideways movement, turns the sentiment more negative, as the price, unable to lift above range top at 78.36, attacks the base at 78.00. Hourly indicators are in negative mode, though still moving sideways, while more negative tone is seen on 4h chart, as indicators are in the negative territorry and 20/55 day EMA’s bearish crossover, keeps the downside pressure. Break below 78.00 base to open way for retest of key supports at 77.12/00, as any corrective action faces good barriers at 78.36/55 and only clearance of the latter to provide near-term relief.

Res: 78.27, 78.36, 78.45, 78.55
Sup: 78.00, 77.92, 77.50, 77.12

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20120924070843.gif

USD/CHF

The pair regains ground, following last Friday’s congestion, as the price found support just above bull-trendline off 0.9237 low. Lift above previous high at 0.9354, sees potential for fresh recovery, with Fibonacci 38.2% of 0.9577/0.9237, seen as last obstacle on the way towards key near-term barrier at 0.9400 zone, previous high and 200 day MA. Holding above psychological 0.9300 support is required to keep near-term bulls in play.

Res: 0.9364, 0.9400, 0.9416, 0.9432
Sup: 0.9338, 0.9313, 0.9300, 0.9283

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20120924070817.gif

alayoua

09-24-2012, 06:18 AM

Market Overview by FXCC Sep 24 2012

Will the RBA cut rates in Sept? - NAB

The RBA 2 October rate decision has many media commentators expecting a rate cut and the market. NAB: "The Minutes from September were softer than the post Board Statement when they added the line that 'The current assessment of the inflation outlook continued to provide scope to adjust policy in response to any significant deterioration in the outlook for growth.”' But we have not seen a 'significant deterioration in the outlook for growth' since early September. At this stage we'd say a cut is less a 50% chance."

London session ahead will bring all kinds of talks related to EZ debt crisis as Greece is urged by Troika to reduce budgets even more, Spain will release plenty of key data on coming Friday, and rumors on ESM to be leveraged up to € 2 Trillion make the rounds. In the economic agenda most important and almost only data to be released will be German IFO business climate at 08:00 GMT although the Netherlands final GDP will also be published 30 minutes earlier. European Parliament Committee hearing on Libor scandal will also take place today.
Read More
https://support.fxcc.com/email/technical/24092012/

UPCOMING EVENTS :
2012-09-24 06:00 GMT | United Kingdom. Nationwide Housing Prices (Aug)
2012-09-24 08:00 GMT | Germany. IFO - Business Climate (Sep)
2012-09-24 12:30 GMT | United States. Chicago Fed National Activity Index (Aug)
2012-09-24 14:30 GMT | United States. Dallas Fed Manufacturing Business Index (Sep)

FOREX NEWS :
2012-09-24 04:20 GMT | EUR/USD slips below 1.2950
2012-09-24 04:07 GMT | USD/JPY rally expected to resume – H.E.Wave
2012-09-24 03:50 GMT | AUD/NZD above 1.26 off fresh 5-month lows
2012-09-24 03:07 GMT | NZD/USD under pressure; Regional bourses weigh

EURUSD : 1.29472 / 1.29476
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/24092012/EURUSD.gif

1.3045 | 1.3012 | 1.2979
1.2927 | 1.2895 | 1.2860

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Instrument trades below the moving averages and we expect the pair to extend its losses later on today. Main scenario: Without significant economic news announcement, further consolidation looks reasonable today. The price progress below the next support level at 1.2927 (S1) might expose next targets at 1.2895 (S2) and 1.2860 (S3). Alternative scenario: The upside movement is limited by next resistance level at 1.2979 (R1). Surpassing of this level might enable next target at 1.3012 (R2) and any further gain would then be limited by last resistance at 1.3045 (R3).

----------------
GBPUSD : 1.62171 / 1.62182
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/24092012/GBPUSD.gif

1.6295 | 1.6245 | 1.6234
1.6197 | 1.6169 | 1.6141

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: GBPUSD trades in negative tone on the short term perspective however medium term bias remains positive. Main scenario: Our next targets for current retracement formation locates at 1.6197 (S1), break here is required to put focus on the next target at 1.6169 (S2). If the market gains momentum we suggest last support at 1.6141 (S3). Alternative scenario: Next resistance level is placed at 1.6234 (R1). Brake here might eventually activate bulls pressure and enable targets at 1.6245 (R2) and 1.6295 (R3).

-----------------
USDJPY : 78.043 / 78.047
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/24092012/USDJPY.gif

78.47 | 78.33 | 78.18
78.00 | 77.85 | 77.69

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Neutral hourly studies suggest further consolidation development. We are not expecting significant volatility increase today however market is set for new targets achievement. Main scenario: If the price manage to stay below the next resistance at 78.18 (R1), we expect the see retest of our support at 78.00 (S1). Break below that level would suggest next targets at 77.85 (S2) and 77.69 (S3) in potential. Alternative scenario: Break above the 78.18 (R1)would enable higher target at 78.33 (R2) and any further rise would then be limited by 78.47 (R3).

Source: FX Central Clearing Ltd,( Forex Signals | ECN Forex Broker | Forex Trade | FXCC (http://www.fxcc.com) )

WindsorBrokers

09-26-2012, 05:44 AM

EUR/USD

The Euro remains at the back foot, as overnight’s price action steadies below 1.2900 handle. With yesterday’s corrective bounce being capped at initial 1.2970 barrier and pivotal 1.3000 point staying out of reach, more downside pressure is seen in the near-term. Negative tone on near-term studies, accompanied with widening Bollingers, focuses 1.2835/25, 50% retracement of 1.2500/1.3170 / 200 day MA and 1.2800/ broken bear-trendline / round figure support. Daily indicators in descending mode, confirm the negative outlook. Initial resistance lies at 1.2900, with yesterday’s high at 1.2970, also 20/55 day EMA’s bearish crossover, expected to cap.

Res: 1.2886, 1.2900, 1.2911, 1.2952
Sup: 1.2854, 1.2835, 1.2826, 1.2800

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20120918070914.gif

GBP/USD

The near-term outlook turns more negative, as the price loses ground, with lower boundaries of recent consolidation, coming under pressure. As hourly studies moved well into the negative territory and initial support at 1.6162 being dented, clear break here, also marking the neckline of H&S pattern, shown on 4h chart, would be a trigger for stronger corrective action. Immediate downside targets lie at 1.6130, 12 Sep high and 1.6100, round figure / Fib 38.2% of 1.5769/1.6308 upleg / 4f Ichimoku cloud base. Figure resistance at 1.6200 comes first, while only regain of 1.6265, yesterday’s highs, would improve near-term structure.

Res: 1.6181, 1.6200, 1.6242, 1.6265
Sup: 1.6148, 1.6130, 1.6100, 1.6074

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20120918070852.gif

USD/JPY

Fresh consolidative phase at 77.70 zone, followed recent break below strong 78.00 support. Hourly structure is in negative/neutral mode, while larger picture’s bears remain in play, with 20 day EMA on 4h chart, maintain downtrend at 78.00 zone. Initial targets remain at 77.12/00, with minor correction seen capped at 78.60 area. Key barriers lie at 79.00/30 zone.

Res: 77.80, 78.00, 78.27, 78.36
Sup: 77.65, 77.45, 77.12, 77.00

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20120918070825.gif

USD/CHF

The pair extends near-term recovery off 0.9237 low, following 0.9390/26 corrective phase, attacking important 0.9400 resistance zone. A cluster of barriers, starting from figure resistance, 200 day MA via 50% retracement (0.9407) and previous high (0.9416), seen as pivotal point for further retracement of larger retracement, with 0.9447 (Fib 61.8%) and 0.9500, seen on a break. Initial support lies at 0.9350 zone, while only break below 0.9326, would weaken near-term tone.

Res: 0.9400, 0.9407, 0.9416, 0.9432
Sup: 0.9377, 0.9366, 0.9354, 0.9340

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20120926081114.gif

alayoua

09-26-2012, 06:50 AM

Market Overview by FXCC Sep 26 2012

S&P downgrades South Australia

Standard & Poor’s Ratings Services said today that it has lowered its long-term issuer credit rating on the Australian State of South Australia and the state’s financing arm, South Australian Government Financing Authority, to ‘AA’ from ‘AA+’. At the same time, we affirmed the ‘A-1+’ short-term rating on both entities. The outlook is stable.

"The London session will be a relatively quiet one in EUR macro related terms, starting with French consumer confidence at 06:45 GMT, followed by Italy retail sales at 08:00 GMT, and German preliminary CPI at 12:00 GMT. In the sovereign debt auctions front Germany will try to sell up to € 5B in 10 year bunds at 06:00 GMT, while Italy will auction up to € 9B in 6-month bills. Germany 10 year yields closed yesterday in a relative safe 1.55% well above all time record lows from July at 1.12%, while Italy 10y yields hover around 5%. EU Vice President Rehn will attend final day at Havard University today." Traders should also be alerted to possible headlines on the Spanish-bailout, protests front, Greece funding issues and any other EZ debt crisis-related news.
Read More
https://support.fxcc.com/email/technical/26092012/

UPCOMING EVENTS :
2012-09-26 08:30 GMT | United Kingdom. BOE Credit Conditions Survey
2012-09-26 10:00 GMT | United Kingdom. CBI Distributive Trades Survey - Realized
2012-09-26 14:00 GMT | United States. New Home Sales
2012-09-26 14:30 GMT | United States. EIA Crude Oil Stocks change

FOREX NEWS :
2012-09-26 04:43 GMT | GBP/USD stops triggered below 1.6150
2012-09-26 04:19 GMT | EUR/USD breaks down to 9-day lows
2012-09-26 03:06 GMT | AUD/CAD, a good sell into strength - Westpac
2012-09-26 02:57 GMT | AUD/JPY decline extends; 38.2% Fibo support in sight

---------------------------------
EURUSD : 1.28735 / 1.28739
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/26092012/EURUSD.gif

1.2970 | 1.2935 | 1.2899
1.2860 | 1.2827 | 1.2793

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Technically, market sentiment is bearish now and we expect further instrument depreciation on the medium term perspective. However fresh low, form today is acting as a bottom peak of downwards channel on the hourly chart and pull back is possible towards to our resistance levels on the short term Main scenario: Further price decrease is expected below the next support level at 1.2860 (S1). Break here is required to enable next targets at 1.2827 (S2) and 1.2793 (S3). Alternative scenario: On the other hand, consolidation looks reasonable today. The price progress above the next resistance at 1.2899 (R1) might expose next targets at 1.2935 (R2) and 1.2970 (R3) in potential.

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GBPUSD : 1.61679 / 1.61686
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/26092012/GBPUSD.gif

1.6237 | 1.6214 | 1.6190
1.6149 | 1.6125 | 1.6099

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Pair already lost -0.15% percent from its opening price today and we expect some volatility increase later on today. Medium term bias is negative for the instrument and we might see new lows ahead. Main scenario: Next support level locates at fresh low, formed today -1.6149 (S1), pushdown of the price is possible below this level. We suggest next targets at 1.6125 (S2) and 1.6099 (S3). Alternative scenario: Failure to go lower suggested support level will put in focus our resistance level at 1.6190 (R1), break here would suggest next targets at 1.6214 (R2) and 1.6237 (R3).

-----------------
USDJPY : 77.743 / 77.749
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/26092012/USDJPY.gif

78.20 | 78.06 | 77.91
77.65 | 77.48 | 77.31

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Yesterday instrument trades without a priority in direction. Stochastic Oscillator is approaching bottom zone and we expect to see some consolidation ahead in such market setup with price progress towards to our resistance levels. Main scenario: A break of technically important level at 77.91 (R1) might determine positive bias for today. Next suggested targets for upside direction locates at 78.06 (R2) and 78.20 (R3). Alternative scenario: If the pair gain momentum on the down side and retest our support level at 77.65 (S1), we suggest next targets at 77.48 (S2) and 77.31 (S3).

Source: FX Central Clearing Ltd,( Forex Calendar | Forex Trading Strategies | ECN Trading Forex | FXCC (http://www.fxcc.com) )

alayoua

09-27-2012, 04:25 AM

Market Overview by FXCC Sep 27 2012

Moody's downgrade to Spain as early as today? - NAB

After poor risk sentiment on Wednesday, immediate risk now, according to NAB analysts, "is that Moody’s may act to slash Spain’s credit rating to junk, having warned in mid-June (when it cut Spain by three notched to Baa3) that further action was likely within three months." The timing of ratings agency actions, NAB explains, "has been exquisite so don’t bet against this happening as early as today."

Busy session ahead in London with all eyes focused on Spain, though there will also be plenty of risk events coming on the way. German import prices will be released at 06:00 GMT, followed 1 hour later by Spanish retail sales, German unemployment change at 07:55 GMT, EU M3 and private loans 5 minutes later along with Italy business sentiment, and EU business climate index and sentiment data at 09:00 GMT.
Read More
https://support.fxcc.com/email/technical/27092012/

2012-09-27 07:55 GMT | Germany. Unemployment Change
2012-09-27 08:30 GMT | United Kingdom. Gross Domestic Product
2012-09-27 12:30 GMT | United States. Core Durable Goods Orders
2012-09-27 14:00 GMT | United States. Pending Home Sales

2012-09-27 04:42 GMT | GBP/USD gently bid, UK GDP ahead
2012-09-27 04:35 GMT | EUR/USD capped below 1.2890
2012-09-27 03:43 GMT | JPY tone remains positive; 78.6% Fibo supports USD/JPY
2012-09-27 03:17 GMT | USD/CAD could hit an air pocket above 0.9850 – Saxobank

EURUSD : 1.28798 / 1.28803
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/27092012/EURUSD.gif

1.2970 | 1.2935 | 1.2899
1.2860 | 1.2827 | 1.2793

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Market refreshed its local lows yesterday and closed in negative territory. At the moment pair is gaining 0.16% and we expect further appreciation ahead. All our supports and resistance levels remain the same today. Main scenario: Next resistance level is seen at 1.2899 (R1). Penetration above it might resume market strengthening towards to the next target at 1.2935 (R2). Remaining resistance level for today locates at 1.2970 (R3). Alternative scenario: On the flip side, support levels lie at 1.2860 (S1). Break here is required to enable next targets at 1.2827 (S2) and 1.2793 (S3).

-----------------
GBPUSD : 1.61854 / 1.61866
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/27092012/GBPUSD.gif

1.6241 | 1.6222 | 1.6203
1.6169 | 1.6149 | 1.6130

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: The upwards momentum for the GBPUSD is likely to get acceleration towards to our next resistance level at 1.6203 (R1), exactly where the 38.2% Fibonacci level lies. Main scenario: Successful break through 1.6203 (R1) would open way for further upside formation towards to next targets at 1.6222 (R2) and 1.6241 (R3). Alternative scenario: Next support level stay at 1.6169 (S1), brake below it might provide a downside priority in direction for the remaining of the day. Next suggested targets at 1.6149 (S2) and 1.6130 (S3).

---------------
USDJPY : 77.657 / 77.662
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/27092012/USDJPY.gif

78.03 | 77.89 | 77.76
77.59 | 77.45 | 77.31

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Stochastic Oscillator is recently visit oversold zone and now is pointing up. We expect further penetration above the opening price and stabilization on the positive side later on today. Medium term bias remains neutral. Main scenario: Next resistance level lie at 77.76 (R1), rise above it would suggest next targets at 77.89 (R2) and 78.03 (R3). Alternative scenario: Risk of market decline is seen below the next support level at 77.59 (S1). Break here is required to enable initial downside targets at 77.45 (S2) and 77.31 (S3).

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

alayoua

09-28-2012, 04:58 AM

Market Overview by FXCC Sep 28 2012

First Spanish banks stress test leaks

According to James Glynn, Senior Economics Reporter Dow Jones/Wall Street Journal, "6 Spanish banks have been found to hold sufficient capital levels, while the remaining 8 that were stress tested will need more." Majors are unchanged 90m into the Japan open, with HK opening now, which should bring some wider moves.

Friday's London session will see Spanish current account being published, along with French GDP final at 05:30 GMT, followed by German retail sales 30 minutes later, French consumer spending and PPI 45 minutes after, Spanish CPI at 07:00 GMT, Italian PPI 1 hour later, EU and Italy CPI at 09:00 GMT, and ECB governing council member Asmussen to give a speech in Berlin at 11:00 GMT.
Read More
https://support.fxcc.com/email/technical/28092012/

UPCOMING EVENTS :
2012-09-28 07:00 GMT | Switzerland. KOF Leading Indicator
2012-09-28 12:30 GMT | Canada. Gross Domestic Product
2012-09-28 12:30 GMT | United States. Core Personal Consumption Expenditure - Prices Index
2012-09-28 13:55 GMT | United States. Reuters/Michigan Consumer Sentiment Index

FOREX NEWS :
2012-09-28 04:39 GMT | EUR/USD above 1.29 ahead of Spanish banking sector stress test results
2012-09-28 03:55 GMT | NZD/USD triggers stops above 0.8350
2012-09-28 02:35 GMT | USD selling off across the board
2012-09-28 01:54 GMT | USD/JPY on a dovish gradient - OCBC

--------------------
EURUSD : 1.29338 / 1.29342
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/28092012/EURUSD.gif

1.2995 | 1.2969 | 1.2944
1.2907 | 1.2884 | 1.2858

SUMMARY : Down
TREND : Upward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral

MARKET ANALYSIS - Intraday Analysis

Technical Summary: It seems that gradual decline from the major upside move expressed in correction formation comes to the end soon. Our next resistance level is the key point for the further uptrend development, if the market failed to break it today we expect to see decline below the suggested support level.Main scenario: Appreciation above the next resistance level at 1.2944 (R1) would suggest next targets at 1.2969 (R2) and 1.2995 (R3) for today and determine medium term bias. Alternative scenario: Bearish penetration below the support at 1.2907 (S1) would then targeting 1.2884 (S2) and 1.2858 (S3) intraday.

-----------------
GBPUSD : 1.62613 / 1.62623
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/28092012/GBPUSD.gif

1.6294 | 1.6281 | 1.6269
1.6243 | 1.6231 | 1.6217

SUMMARY : Down
TREND : Upward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Yesterday positive tendency remains in power with the significant strengthening for the morning hours today. In near future we expect to see some consolidation and possibly pull back. However if it manage to stabilize above the next resistance level, market sentiment would be clearly bullish. Main scenario: Potential is seen for break above the 1.6269 level (R1) and open initial targets at 1.6281 (R2) and 1.6294 (R3) levels. Alternative scenario: Downside development remains for now limited by next support level at 1.6243 (S1), with only clear break here would be a signal of market weakening with next targets at 1.6231 (S2) and 1.6217(S3).

------------------
USDJPY : 77.533 / 77.538
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/28092012/USDJPY.gif

77.89 | 77.76 | 77.63
77.45 | 77.31 | 77.17

SUMMARY : Sideway
TREND : Downward penetration
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold

MARKET ANALYSIS - Intraday Analysis

Technical Summary: USDJPY almost reached our target at 77.45 and we expect further decline today as main scenario. It is clearly seen that pair broke sideways channel and volatility start gaining momentum on the hourly chart. Stochastic Oscillator is oversold and this is a good signal for the bearish market participants under the trend market conditions. Main scenario: Our next support locates at yesterday target – 77.45 (S1). Break here would open route towards to our next targets at 77.31 (S2) and 77.17 (S3). Alternative scenario: Appreciation above the next resistance level at 77.63 (R1) would suggest next targets at 77.76 (R2) and 77.89 (R3) on the upside part.

Source: FX Central Clearing Ltd,( ECN Forex Trading System | What Is Forex | Forex Live | FXCC (http://www.fxcc.com) )

alayoua

10-01-2012, 05:30 AM

Market Overview by FXCC Oct 01 2012

ECB on wait-and-see mode this week - Nomura

No major policy announcements is expected from the ECB in October, says Nomura Senior European Economist Nick Matthews; "we do not expect any movement on rates as the Governing Council continues to see no urgency to cut rates again" the Economist notes. Furthermore, "while the ECB is likely to continue to expect inflation to remain in line with price stability over the policy-relevant horizon, we expect the Council to continue to stress that renewed intensification of financial market tensions could affect the balance of risks for both growth and inflation." Nick notes that "recent Governing Council comments, including from within the Executive Board, have reinforced this sense of wait-and-see on interest rates."

London session ahead will mostly bring manufacturing PMIs from several EZ countries starting with Spain at 07:13 GMT, followed 30 minutes later by Italy, France 5 minutes after, Germany another 5 minutes, and finally the EU's and Greece at 07:58 GMT. Then will come Italy unemployment at 08:00 GMT, and EU's unemployment 1 hour later.
Read More
https://support.fxcc.com/email/technical/01102012/

UPCOMING EVENTS :
2012-10-01 08:28 GMT | United Kingdom. Markit Manufacturing PMI
2012-10-01 09:00 GMT | European Monetary Union. Unemployment Rate
2012-10-01 14:00 GMT | United States. ISM Manufacturing PMI
2012-10-01 16:30 GMT | United States. Fed Chairman Bernanke Speaks

FOREX NEWS :
2012-10-01 04:36 GMT | USD/JPY can rise farther
2012-10-01 04:25 GMT | EUR/USD hardly above 1.28 round
2012-10-01 02:57 GMT | AUD/JPY slips below 80.50
2012-10-01 00:10 GMT | EUR/JPY returns below 100.00

-------------
EURUSD : 1.28212 / 1.28216
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/01102012/EURUSD.gif

1.2906 | 1.2879 | 1.2853
1.2800 | 1.2773 | 1.2745

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Friday’s volatility increase might be a signal of downtrend development however Stochastic Oscillator is pointing up on the hourly chart and we expect to see some deviation ahead. Main scenario: Intraday term bias remains negative below the next support at 1.2800 (S1). Break here would suggest next targets at 1.2773 (S2) and 1.2745 (S3). Alternative scenario: Risk of further appreciation is seen above the resistance at 1.2853 (R1), penetration above it might expose resistances at 1.2879 (R2) and 1.2906 (R3) as next targets for correction.

--------------
GBPUSD : 1.61268 / 1.61271
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/01102012/GBPUSD.gif

1.6210 | 1.6182 | 1.6156
1.6108 | 1.6079 | 1.6049

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: GBPUSD failed to stabilize below the Friday’s low and we expect to see new attack to the fresh low, formed today. The medium term tendency is Bearish as both moving averages are pointing down. Main scenario: If GBPUSD manage to break through support level at 1.6108 (S1) we expect next targets at 1.6079 (S2) and 1.6049 (S3) to be exposed today. Alternative scenario: Next resistance level at 1.6156 (R1) in focus for the retracement formation. Progress above it would enable next target for today at 1.6182 (R2) and 1.6210 (R3).

-----------------
USDJPY : 77.875 / 77.878
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/01102012/USDJPY.gif

78.28 | 78.19 | 78.10
77.83 | 77.75 | 77.67

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Instrument trades in positive tone after the Friday’ gains. On the hourly chart Stochastic Oscillator reached oversold zone and further increase is possible from current levels however we recommend to wait clear break out of Friday’s high for confirmation of the uptrend formation. Further decline below our support level might change overall technical picture and shift market sentiment to the bearish side. Main scenario: Next resistance is seen at 78.10 (R1). If the pair manages to successfully climb above it, we expect next targets at 78.19 (R2) and 78.28 (R3). Alternative scenario: While next support is placed at 77.83 (S1), decline below it would put in focus next target at 77.75 (S2) and any further depreciation would then be limited to 77.67 (S3) intraday.

Source: FX Central Clearing Ltd,( ECN Forex Trader | Forex Strategies | Forex Trading Software | FXCC (http://www.fxcc.com) )

alayoua

10-02-2012, 02:28 AM

Market Overview by FXCC Oct 02 2012

RBA cuts rate by 25bp; More may come in Nov

In today's RBA decision, the central bank has decided to cut rates by 25bp from 3.5% to 3.25%. The initial market reaction was to aggressively sell the domestic currency, as market participants pricing for -25bp to about 65% being proven right. Only 9 out of 28 replying to a Bloomberg survey agreed to such outcome, so it has been certainly a close call among the investment community.

All rates are expected to remain on hold at this Thursday’s ECB meeting, according to Standard Chartered Economists. With regards to OMT bond-buying, the bank sees Spain making a request relatively soon. Looking at the EUR/USD, "We expect the pair to grind lower as a Q4-2012 rate cut will add to pressure" Analysts at the bank say.
Read More
https://support.fxcc.com/email/technical/02102012/

UPCOMING EVENTS :
2012-10-02 07:00 GMT | United Kingdom. Halifax House Prices
2012-10-02 08:30 GMT | United Kingdom. PMI Construction
2012-10-02 09:00 GMT | European Monetary Union. Producer Price Index
2012-10-02 Tentative | United Kingdom. 10-y Bond Auction

FOREX NEWS :
2012-10-02 05:04 GMT | AUD/NZD drops to new 2012 low after RBA
2012-10-02 05:01 GMT | EUR/AUD breaks above 2-week highs 1.25 post-RBA
2012-10-02 04:20 GMT | GBP/USD at risk for deeper correction?
2012-10-02 03:14 GMT | Buoyant AUD/JPY creeps above 81.00

-------------
EURUSD : 1.29123 / 1.29126
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/02102012/EURUSD.gif

1.3010 | 1.2974 | 1.2938
1.2875 | 1.2841 | 1.2806

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: EURUSD closed at the positive territory yesterday and further strengthening is possible today. Yesterday high is the reference point for the upside penetration, though decrease below the suggested support level would enable bearish forces. Main scenario: Clearance of next resistance level at 1.2938 (R1) would suggest next targets at 1.2974 (R2) and 1.3010 (R3). Alternative scenario: Loss of next support at 1.2875 (S1) might take the pair towards to eventual targets, located at 1.2841 (S2) and 1.2806 (S3) in potential.

------------------
GBPUSD : 1.61536 / 1.61541
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/02102012/GBPUSD.gif

1.6227 | 1.6201 | 1.6176
1.6123 | 1.6098 | 1.6070

SUMMARY : Down
TREND : Downward penetration
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Overbought

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Consolidation, provided yesterday might extends its power however currently GBPUSD is gaining momentum on the upside and we expect to see retest of yesterday high. Main scenario: Next resistance level ahead locates at 1.6176 (R1), brake here is required to enable next target at 1.6201 (R2) and any further rise would then be limited to 1.6227 (R3). Alternative scenario: Instrument depreciation below the next support level at 1.6123 (S1) might expose next targets at 1.6098 (S2) and 1.6070 (S3) in potential.

----------------
USDJPY : 78.083 / 78.086
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/02102012/USDJPY.gif

78.40 | 78.29 | 78.19
77.97 | 77.89 | 77.79

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Stochastic Oscillator is recently visit overbought territory and now is pointing down. We expect to see consolidation formation ahead prior further market strengthening. However, easing below the expected support level would suggest retracement development. Main scenario: Currently our next resistance level lie at 78.19 (R1). Rise above it might provide sufficient space for the appreciation towards to next target at 78.29 (R2). Break here is required to enable last target for today at 78.40 (R3). Alternative scenario: Market decrease below the next support level at 77.97 (S1) would suggest about the retracement formation with next target at 77.89 (S2). Further instrument easing might face final support at 77.79 (S3).

Source: FX Central Clearing Ltd,( Best Forex Broker | ECN Online Forex Trading | Forex Signal | FXCC (http://www.fxcc.com) )

alayoua

10-03-2012, 04:13 AM

Market Overview by FXCC Oct 03 2012

RBA cuts rate by 25bp; More may come in Nov

In today's RBA decision, the central bank has decided to cut rates by 25bp from 3.5% to 3.25%. The initial market reaction was to aggressively sell the domestic currency, as market participants pricing for -25bp to about 65% being proven right. Only 9 out of 28 replying to a Bloomberg survey agreed to such outcome, so it has been certainly a close call among the investment community.

All rates are expected to remain on hold at this Thursday’s ECB meeting, according to Standard Chartered Economists. With regards to OMT bond-buying, the bank sees Spain making a request relatively soon. Looking at the EUR/USD, "We expect the pair to grind lower as a Q4-2012 rate cut will add to pressure" Analysts at the bank say.
Read More
https://support.fxcc.com/email/technical/02102012/

UPCOMING EVENTS :
2012-10-02 07:00 GMT | United Kingdom. Halifax House Prices
2012-10-02 08:30 GMT | United Kingdom. PMI Construction
2012-10-02 09:00 GMT | European Monetary Union. Producer Price Index
2012-10-02 Tentative | United Kingdom. 10-y Bond Auction

FOREX NEWS :
2012-10-02 05:04 GMT | AUD/NZD drops to new 2012 low after RBA
2012-10-02 05:01 GMT | EUR/AUD breaks above 2-week highs 1.25 post-RBA
2012-10-02 04:20 GMT | GBP/USD at risk for deeper correction?
2012-10-02 03:14 GMT | Buoyant AUD/JPY creeps above 81.00

-----------------
EURUSD 1.29123 / 1.29126
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/02102012/EURUSD.gif

1.3010 | 1.2974 | 1.2938
1.2875 | 1.2841 | 1.2806

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: EURUSD closed at the positive territory yesterday and further strengthening is possible today. Yesterday high is the reference point for the upside penetration, though decrease below the suggested support level would enable bearish forces. Main scenario: Clearance of next resistance level at 1.2938 (R1) would suggest next targets at 1.2974 (R2) and 1.3010 (R3). Alternative scenario: Loss of next support at 1.2875 (S1) might take the pair towards to eventual targets, located at 1.2841 (S2) and 1.2806 (S3) in potential.

-------------
GBPUSD : 1.61536 / 1.61541
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/02102012/GBPUSD.gif

1.6227 | 1.6201 | 1.6176
1.6123 | 1.6098 | 1.6070

SUMMARY : Down
TREND : Downward penetration
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Overbought

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Consolidation, provided yesterday might extends its power however currently GBPUSD is gaining momentum on the upside and we expect to see retest of yesterday high. Main scenario: Next resistance level ahead locates at 1.6176 (R1), brake here is required to enable next target at 1.6201 (R2) and any further rise would then be limited to 1.6227 (R3). Alternative scenario: Instrument depreciation below the next support level at 1.6123 (S1) might expose next targets at 1.6098 (S2) and 1.6070 (S3) in potential.

-----------------
USDJPY : 78.083 / 78.086
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/02102012/USDJPY.gif

78.40 | 78.29 | 78.19
77.97 | 77.89 | 77.79

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Stochastic Oscillator is recently visit overbought territory and now is pointing down. We expect to see consolidation formation ahead prior further market strengthening. However, easing below the expected support level would suggest retracement development. Main scenario: Currently our next resistance level lie at 78.19 (R1). Rise above it might provide sufficient space for the appreciation towards to next target at 78.29 (R2). Break here is required to enable last target for today at 78.40 (R3). Alternative scenario: Market decrease below the next support level at 77.97 (S1) would suggest about the retracement formation with next target at 77.89 (S2). Further instrument easing might face final support at 77.79 (S3).

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

WindsorBrokers

10-03-2012, 04:25 AM

EUR/USD

Yesterday’s repeated upside rejection at 1.2966, proves that this barrier is tough and the pair lacks momentum for push higher. With subsequent reversal and slide below 1.2900, confirming near-term range trading within 1.2800 and 1.2970, risk-off mode is being established again. Near-term studies remain weak, with the latest reversal retracing 50% of two-day 1.2800/1.2966 rally, focus comes on 1.2875/65 support zone, higher platform / Fib 61.8% / bull trendline, loss of which to possibly attract 200 day MA at 1.2820 and range floor at 1.2800.

Res: 1.2900, 1.2937, 1.2966, 1.2970
Sup: 1.2883, 1.2875, 1.2865, 1.2820

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20121003070337.gif

GBP/USD

The pair comes under increased pressure, as brief break above 1.6175 barrier failed to regain 1.6200 handle. Quick reversal and close below 1.6175, shifted near-term focus to the lower boundary of near-term range at 1.6100, with trendline support at 1.6125 being already lost. Break below 1.6100, also Fib 38.2% of 1.5769/1.6308 and 1.6074, 13 Sep low, to trigger fresh extension of corrective pullback from 1.6308, with 1.6035, 07 Sep high / 50% retracement and 1.6000, psychological level, expected to come in focus. Negative near-term studies remain supportive for such scenario.

Res: 1.6168, 1.6175, 1.6200, 1.6216
Sup: 1.6100, 1.6074, 1.6035, 1.6000

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20121003070315.gif

USD/JPY

The pair continues to post marginally higher highs and higher lows, marking the near-term uptrend off 77.42 low. With the latest high at 78.29 and yesterday’s close above 78.00 handle, positive sentiment keeps near-term focus at the upside. Immediate targets lie at 78.36, 21 Sep high / daily 55 day MA and 78.53, Fib 61.8%, break of which to open way towards key near-term barriers at 79.00/30 zone. Bullish 20/55 day EMA’s crossover at 78.00, underpins near-term action.

Res: 78.36, 78.53, 78.78, 79.00
Sup: 78.10, 78.00, 77.78, 77.68

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20121003070230.gif

USD/CHF

The pair regains ground, as the second leg of reversal from 0.9436, 01 Oct high, penetrated bull trendline and previous low at 0.9360/50, to find support at 0.9330, near-term higher base. As the bounce attempts at important 0.9387/0.9400 barrier and near-term indicators returning to the positive territory, focus turns higher. However, clear break and close above 0.9400 is required to re-attract 0.9436 barrier, for possible extension of near-term uptrend from 0.9237. On the downside, loss of important 0.9330 and 0.9300 supports will bring bears back in play.

Res: 0.9387, 0.9400, 0.9416, 0.9436
Sup: 0.9367, 0.9350, 0.9331, 0.9326

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20121003070209.gif

alayoua

10-04-2012, 02:30 AM

Market Overview by FXCC Oct 04 2012

Romney hits first in US debate

Is Mitt Romney breathing new life after the controversial campaign? It appears so after his first debate in front of Barack Obama. Polls show 56% of uncommitted voters say their opinion of Romney has changed for the better, while 13% say that about the President, according to Mark Knoller, CBS News White House Correspondent. According to results of CNN-ORC Post-Debate flash poll who won the debate, Romney 67%, Obama 25%.

A busy trading Thursday for the London session ahead as having plenty of risk events going on, starting with minor data in the form of CPI figures from the Netherlands at 07:00 GMT, followed by Ireland PM Kenny meeting with EU parliament president Schultz at 11:15 GMT, and then going for the long awaited ECB interest rates statement at 11:45 GMT, 45 minutes before ECB press conference starts. BoE will also deliver monetary policy announcement at 11:00 GMT which could add volatility to EUR/GBP cross. IMF will hold press conference at 14:30 GMT.
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UPCOMING EVENTS :
2012-10-04 11:00 GMT | United Kingdom. BoE Interest Rate Decision
2012-10-04 11:45 GMT | European Monetary Union. ECB Interest Rate Decision
2012-10-04 14:00 GMT | United States. Factory Orders
2012-10-04 18:00 GMT | United States. FOMC Minutes

FOREX NEWS :
2012-10-04 04:54 GMT | EUR/USD has a range to break; ECB unlikely to be the catalyst
2012-10-04 04:31 GMT | USD/CAD rally pauses below trend line resistance
2012-10-04 02:36 GMT | EUR/AUD hits stops above 1.2670

--------------------
EURUSD : 1.29279 / 1.29282
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/04102012/EURUSD.gif

1.3018 | 1.2987 | 1.2955
1.2895 | 1.2863 | 1.2829

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Markets would be driven today mostly by macroeconomic data releases. In focus ECB Interest rate decision at 11:45 GMT. From the technical side, deviation from its average parameters is low several days in a row and we expect to see volatility increase ahead. Main scenario: Next resistance level for today locates at 1.2955 (R1). Rise above it might lead to the further trend development with next possible targets at 1.2987 (R2) and 1.3018 (R3). Alternative scenario: Downside direction is limited by next support level at 1.2895 (S1), price decrease below it would be targeting next supports at 1.2863 (S2) and 1.2829 (S3).

-------------------
GBPUSD : 1.60970 / 1.60977
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/04102012/GBPUSD.gif

1.6198 | 1.6161 | 1.6127
1.6067 | 1.6034 | 1.6000

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Instrument continued its weakening on the hourly chart and our indicators clearly state downtrend formation on the short term perspective however in such situation market focus on Bank of England Rate Decision at 11:00 GMT. Main scenario: Price might retest our support at 1.6067 (S1) on the downside. Break here would suggest next target at 1.6034 (S2) and any further fall would then be targeting to 1.6000 (S3). Alternative scenario: Our next resistance stay at 1.6127 (R1), break here is required for market expansion towards to next targets at 1.6161 (R2) and 1.6198 (R3).

---------------
USDJPY : 78.616 / 78.618
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/04102012/USDJPY.gif

79.04 | 78.87 | 78.71
78.42 | 78.25 | 78.07

SUMMARY : Up
TREND : Upward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Technically, USDJPY in uptrend formation and both moving averages acts now as dynamic support level. Fresh high, formed today is our key level for the further uptrend development. Main scenario: Next resistance ahead at 78.71 (R1), break here is required to open way for further appreciation towards to targets at 78.87 (R2) and 79.04 (R3). Alternative scenario: Price decline below the next support levels at 78.42 (S1) might trigger bearish pressure and enable next target at 78.25 (S2). A break below it would suggest last target for today at 78.07 (S3).

Source: FX Central Clearing Ltd,( Forex Calculator | ECN Forex Training | Forex Demo Account | FXCC (http://www.fxcc.com) )

WindsorBrokers

10-04-2012, 04:32 AM

EUR/USD

The Euro remains directionless, moving within narrowed 1.2875/1.2940 range, awaiting today’s data. Larger range top at 1.2870, along with psychological 1.3000 barrier, also 4h Ichimoku cloud top, is seen as an upside trigger for fresh bulls. Otherwise, loss of range floor and trendline support at 1.2875 would expose more significant 1.2820, 200 day MA and 1.2800, 01 Oct low, with break of either side, to define near-term direction.

Res: 1.2938, 1.2966, 1.2970, 1.3000
Sup: 1.2900, 1.2886, 1.2875, 1.2865

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20121004065305.gif

GBP/USD

The pair remain under pressure, following break below 1.6125/00 bull trendline /near-term base and psychological support, that triggered fresh losses to 1.6066, breaking below our initial target at 1.6074, 13 Sep low. As recovery bounce stays capped at 1.6100 for now and near-term studies holding in the negative territory, fresh losses could be anticipated, 1.6160/75 pivotal zone stays intact. Main downside targets lie at 1.6035/00 zone, 07 Sep high / 50% retracement of 1.5769/1.6308 / round figure support.

Res: 1.6105, 1.6125, 1.6141, 1.6175
Sup: 1.6083, 1.6066, 1.6035, 1.6000

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20121004065234.gif

USD/JPY

Regain of important 78.50 barrier and yesterday’s close at this level, signals further extension of near-term rally, as the pair rallied to a fresh session high at 78.71 overnight. Positive sentiment keeps the upside favored, with key barriers at 79.00, psychological and 79.21/30, 19 Sep high / daily Ichimoku cloud top / 200 day MA, coming in near-term focus. However, gain s may be interrupted by corrective pullback, as near-term indicators enter overbought zone. Any dips should ideally be contained at 78.40/30 zone, while only loss of psychological 78.00 support and 02 Oct low, would soften the structure.

Res: 78.71, 78.78, 79.00, 79.21
Sup: 78.41, 78.29, 78.10, 78.00

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20121004065149.gif

USD/CHF

Near-term price action remains capped by 0.9400 barrier, round figure and 200 day MA, with choppy trading within narrowed 0.9365/90 range, sees the near-term action in a directionless mode. As the price holds below main bull-trendline off 0.9237 low, has already been dented and yesterday’s close occurred below 0.9400, further weakness looks more likely. Loss of 0.9330 higher base is required t confirm bearish stance.. Conversely, lift above initial 0.9400 barrier, is seen as spark for fresh rally and possible test of 0.9436, 01 Oct fresh 3-week high.

Res: 0.9390, 0.9400, 0.9416, 0.9436
Sup: 0.9366, 0.9353, 0.9331, 0.9326

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20121004065119.gif

alayoua

10-05-2012, 02:47 AM

Market Overview by FXCC Oct 05 2012

ECB waits for Spain to act; bailout to come over the next month - Standard Chartered

The ECB looks set to keep rates on hold in November too, according to Standard Chartered European Economists Sarah Hewin and Thomas Costerg, while expecting recession "will trigger a cut by year-end" they note. Details on the new bond-buying plan remain thin, "but the ECB is likely to be tough on conditionality" the bank suspects. As per the timing abou the Spanish bailout, Standard Chartered thinks "they will need to ask for support over the next month, despite German reluctance."

"The ECB left its Refi rate unchanged in line with expectations, although market reaction does suggest there were at least some hopes for a rate cut today", says Vassili Serebriakov, Currency Strategist, Wells Fargo Bank. "With the ECB decision out of the way, markets will be looking ahead to US September nonfarm payrolls report", he says. "Judging from recent US data, the jobs numbers should not be particularly weak, which in our view could play into further gains in risk-sensitive commodity and emerging currencies".
https://support.fxcc.com/email/technical/05102012/

UPCOMING EVENTS :
2012-10-05 07:00 GMT | Switzerland. Foreign Currency Reserves
2012-10-05 10:00 GMT | Germany. Factory Orders senectus
2012-10-05 12:30 GMT | United States. Nonfarm Payrolls
2012-10-05 19:00 GMT | United States. Consumer Credit Change

FOREX NEWS :
2012-10-05 05:02 GMT | EUR/USD bulls regain upper-hand ahead of NFP fireworks
2012-10-05 03:40 GMT | USD/JPY drops to session lows post-BoJ
2012-10-05 03:14 GMT | BoJ Interest Rate Decision stays unchanged at 0.1%
2012-10-05 02:07 GMT | EUR/AUD stalling below 1.2720

EURUSD : 1.30154 / 1.30158
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/05102012/EURUSD.gif

1.3098 | 1.3065 | 1.3032
1.2998 | 1.2962 | 1.2926

SUMMARY : Up
TREND : Upward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Bullish market sentiment remains in power today after the appreciation provided yesterday. United States Nonfarm Payrolls would be the main macroeconomic data release at 12:30 GMT. Main scenario: Brake above the resistance at 1.3032 (R1) would suggest next target at 1.3065 (R2) and any further gain would then be limited to 1.3098 (R3). Alternative scenario: Break below the support at 1.2998 (S1) might provide necessary space for retracement development. We suggest next target at 1.2962 (S2) and 1.2926 (S3) in potential.

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GBPUSD : 1.61941 / 1.61945
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/05102012/GBPUSD.gif

1.6289 | 1.6246 | 1.6204
1.6165 | 1.6123 | 1.6079

SUMMARY : Up
TREND : Upward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral

MARKET ANALYSIS - Intraday Analysis

Technical Summary: At the moment GBPUSD deviate from its up-trend formation and such stabilization might extend its power to the London session ahead. Stochastic Oscillator is pointing up and both moving averages are bullish, so far we expect further strengthening as main scenario later on today. Main scenario: Next resistance is maintained at 1.6204 (R1), break here might open space for a move to test targets at 1.6246 (R2) and 1.6289 (R3) in potential. Alternative scenario: Decrease below the support at 1.6165 (S1) might expose next targets at 1.6123 (S2) and 1.6079 (S3).

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USDJPY : 78.391 / 78.395
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/05102012/USDJPY.gif

79.04 | 78.80 | 78.58
78.25 | 78.02 | 77.79

SUMMARY : Up
TREND : Upward penetration
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Market trapped to the range trading mode after the yesterday gains. Medium term bias is positive and we expect to see retest of yesterday high today. However if the market depreciate below the support level we expect a correction development. Main scenario: Next resistance level lie at 78.58 (R1). Break here is required to enable targets at 78.80 (R2) and 79.04 (R3). Alternative scenario: Risk of price depreciation is seen below the next support level at 78.25 (S1). Price progress below it might expose next targets at 78.02 (S2) and 77.79 (S3) in perspective.

Source: FX Central Clearing Ltd,( Forex Blog | Forex Market Hours | ECN Automated Forex Trading] | FXCC (http://www.fxcc.com) )

WindsorBrokers

10-08-2012, 05:08 AM

EUR/USD

The Euro starts the week at the back foot, following easing off last Friday’s fresh high at 1.3070. Despite weekly close above 1.3000, the pair failed to sustain gains, as more negative sentiment came on a thin-volume Asian trading, sending the single currency below 1.3000 handle. Hourly studies turned negative, with price approaching strong support at 1.2970, previous peak of 02 Oct and Fib 38.2% of 1.2800/1.3070 ascend, reinforced by bull trendline off 1.2800. As indicators on 4h chart are descending and price below hourly MA’s (10/20), immediate risk is seen on a break below 1.2970 that would open way for further retracement, with next support at 1.2940 zone, 50% / 4h Ichimoku cloud top / 55 day EMA. As the risk of lower top at 1.3070 becomes more evident, failure to reverse at 1.2970 or 1.2940, would spark fresh weakness and expose 1.2900, figure support / 61.8% retracement, loss of which to confirm lower top and shift near-term focus towards 1.2800 base. Alternative scenario sees reversal, ideally at/above 1.2970 that will keep near-term bulls in play for fresh attempt at upper barriers.

Res: 1.2992, 1.3000, 1.3030, 1.3070
Sup: 1.2970, 1.2940, 1.2900, 1.2875

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20121008075617.gif

GBP/USD

Cable’s last week’s fresh gains and brief break above 1.6200 barrier were short-lived, as the price sharply fell on Friday’s late hours and extended weakness at the beginning of the week, losing another psychological support at 1.6100. Upside rejection at 1.6216, just under bear-trendline at 1.6235 and fresh weakness that reached 1.6080 so far, keep the near-term bears off 1.6308 in play, with loss of 1.6066, 03 Oct low and immediate target, seen as confirmation of lower top. With 4h chart indicators entering negative territory, downside remains in focus, as loss of 1.6066 to open 1.6035, previous high / 50% of 1.5753/1.6308 and 1.6000, figure support. Bears may be delayed by brief corrective action on oversold hourly conditions, however, no reversal signal have been generated yet.

Res: 1.6100, 1.6114, 1.6140, 1.6172
Sup: 1.6080, 1.6066, 1.6035, 1.6000

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20121008075554.gif

USD/JPY

The pair remains under pressure after last Friday’s strong rally that stalled on approach to psychological 79.00 barrier and capped by daily cloud base. Subsequent easing has so far found footstep at 78.50, previous high and 55 day EMA, however, weak tone on hourly chart studies and price holding below 10/20 day EMA’s, sees the downside still vulnerable. Loss of 78.50 handle would indicate further easing, with 78.30 and key near-term and psychological support at 78.00. Conversely, regain of 78.75, as initial barrier, would improve the tone, but any failure under 79.00 would keep bears in play.

Res: 78.75, 78.86, 79.00, 79.21
Sup: 78.50, 78.30, 78.10, 78.00

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20121008075531.gif

USD/CHF

The pair recovers a part of last week’s losses that dipped to 0.9273, where temporary ground was found. Improvement on hourly studies sees prospect for further recovery, as the price stays above MA’s and indicators break above their midlines. However, 4h chart studies are pointing higher but still in the negative zone, with strong barrier at 0.9350, 55 day EMA / 4h Ichimoku cloud base, break of which is required to keep near-term positive sentiment for possible attempt towards key hurdle at 0.9400, 200 day MA / psychological resistance. Immediate supports lie at 0.9322 and 0.9300, with loss of the latter to bring bears back in play.

Res: 0.9350, 0.9390, 0.9400, 0.9436
Sup: 0.9322, 0.9300, 0.9273, 0.9237

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20121008075511.gif

alayoua

10-08-2012, 05:30 AM

Market Overview by FXCC Oct 08 2012

HSBC Services PMI at 54.3 signals improvement

According to Markit Economics, the HSBC Composite PMI (covering manufacturing and services PMI) signaled a renewed expansion in business activity at 54.3 in September, up from 52.0; below 50.0 signals contraction, while above signals industry expansion.

Hongbin Qu, Chief Economist, China & Co-Head of Asian Economic Research at HSBC said:“Service sector growth picked up in September thanks to rising new business flows. This is likely an indication of a gradual improvement of domestic economic conditions due to the earlier easing measures and the stronger consumption demand in the run-up to the Golden week holiday.”
Read More
https://support.fxcc.com/email/technical/08102012/

UPCOMING EVENTS :
2012-10-08 07:15 GMT | Switzerland. Consumer Price Index
2012-10-08 10:00 GMT | Germany. Industrial Production
2012-10-08 21:45 GMT | New Zealand. Electronic Card Retail Sales
2012-10-08 23:45 GMT | Japan. Trade Balance - BOP Basis

FOREX NEWS :
2012-10-08 04:44 GMT | EUR/USD weekly start below 1.30
2012-10-08 03:52 GMT | AUD/JPY again below 80 round
2012-10-08 03:25 GMT | EUR/JPY dive stalls around 102 round
2012-10-08 01:22 GMT | USD/JPY limited below 100 DMA

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EURUSD : 1.29880 / 1.29885
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/08102012/EURUSD.gif

1.3070 | 1.3042 | 1.3013
1.2968 | 1.2942 | 1.2915

SUMMARY : Up
TREND : Upward penetration
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold

MARKET ANALYSIS - Intraday Analysis
Technical Summary: Currently EURUSD trades on the negative side and we expect further consolidation development later on today as main scenario. However medium term tendency remains positive. Main scenario: Next upcoming support holds at 1.2968 (S1), break through here might take the pair towards to eventual targets located at 1.2942 (S2) and 1.2915 (S3) in potential. Alternative scenario: Price level at 1.3013 (R1) is a next attractive point for the uptrend penetration. If a break occur here we suggest gradual targets to be placed at 1.3042 (R2) and 1.3070 (R3).

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GBPUSD : 1.61085 / 1.61089
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/08102012/GBPUSD.gif

1.6174 | 1.6153 | 1.6131
1.6094 | 1.6075 | 1.6053

SUMMARY : Up
TREND : Downward penetration
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold

MARKET ANALYSIS - Intraday Analysis
Technical Summary: Instrument has settled negative bias on the hourly timeframe. We expect gradual decline towards to our support levels as main scenario today. Main scenario: If the market manage to brake next support level at 1.6094 (S1), we might exposure of possible targets at 1.6075 (S2) and 1.6053 (S3) later on today. Alternative scenario: Next resistance ahead is seen at 1.6131 (R1). Rising up above this level would suggest next targets at 1.6153 (R2) and 1.6174 (R3) in potential

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USDJPY : 78.538 / 78.541
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/08102012/USDJPY.gif

78.96 | 78.81 | 78.64
78.42 | 78.26 | 78.10

SUMMARY : Up
TREND : Sideway
MA10 : Bearish
MA20 : Bullish
STOCHASTIC : Oversold

MARKET ANALYSIS - Intraday Analysis
Technical Summary: We are not expecting significant volatility increase today and current range mode condition might extend its power for the remaining of the day. Main scenario: Measures of resistance might be activating when the pair approaches the 78.64 (R1), break here would suggest next target at 78.81 (R2). If the price holds its momentum on the upside we can expect a further rise towards to 78.96 (R3). Alternative scenario: Our next support level stay at 78.42 (S1). Loss here might drive market price towards to next targets at 78.26 (S2) and 78.10 (S3) in perspective.

Source: FX Central Clearing Ltd,( Forex Strategy | ECN Forex Trading Systems | Forex Exchange Rates | FXCC (http://www.fxcc.com) )

alayoua

10-09-2012, 05:53 AM

Market Overview by FXCC Oct 09 2012

IMF cuts global GDPs forecast, dowside risks worsen

The IMF has lowered the euro zone GDP outlook for 2012 by -0.1% to -0.4% from -0.3%, while setting a +0.2% in 2013 from +0.7%. Progress toward banking, fiscal union is required for rosier revisions. ECB could cut rates further, the institution says. Japan 2012 growth forecast was also cut to 2.2% from 2.4%, 2013 stands now at 1.2% from 1.5%. The BOJ easing program may help its GDP target, although more is needed to reach 1% inflation goal. China 2012 growth forecast was downgraded to 7.8% from 8.0%, 2013 forecast at 8.2% from 8.5%. On the US front, IMF said “imperative” to avoid year-end fiscal cliff, as it could reduce 4% of GDP in 2013 in the worst case scenario. U.S., Canadian economies GDPs are projected at around 2% in 2012 and 2013, but both face large downside risks. Cuts 2012 global GDP growth forecast to 3.3% from 3.5% in July and 2013 forecast to 3.6% from 3.9%. “General feeling of uncertainty” holding back global growth.

The UK is the focus of the day ahead, "with the August snapshot of industrial- and manufacturing sector output on offer as well as foreign trade data for the same month" Rabobank notes. The bank adds: "A small fall in industrial output is expected but after a pretty strong July reading, the sector is tracking to grow output in 3Q as a whole." The NIESR, a UK Think Tank, will also release their estimate of 3Q GDP growth.
Read More
https://support.fxcc.com/email/technical/09102012/

UPCOMING EVENTS :
Tentative ECOFIN Meetings
2012-10-09 07:30 GMT | ECB President Draghi Speaks
2012-10-09 08:30 GMT | Manufacturing Production
2012-10-09 14:00 GMT | NIESR GDP Estimate

FOREX NEWS :
2012-10-09 05:00 GMT | GBP/USD consolidating ahead of UK data
2012-10-09 03:58 GMT | EUR/USD still below 1.30
2012-10-09 03:56 GMT | Will GBP/JPY’s sell-off extend?
2012-10-09 00:39 GMT | AUD/USD breaks Monday's high, descending trendline

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EURUSD 1.29813 / 1.29817
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/09102012/EURUSD.gif

1.3049 | 1.3024 | 1.2999
1.2968 | 1.2942 | 1.2917

SUMMARY : Up
TREND : Upward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Yesterday pair gained momentum on the downside and close on the negative territory however medium term bias remains positive for EURUSD. Main scenario: Pair is moving towards to our next resistance level at 1.2999 (R1). Clearance here would suggest next targets at 1.3024 (R2) and 1.3049 (R3). Alternative scenario: The downside trend evolvement is limited by next support level at 1.2968 (S1), break here might lead to the targets execution at 1.2942 (S2) and 1.2917 (S3).

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GBPUSD 1.60419 / 1.60426
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/09102012/GBPUSD.gif

1.6127 | 1.6096 | 1.6066
1.6019 | 1.5990 | 1.5961

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Market sentiment is negative on GBPUSD as of yesterday sharp fall. We expect to see new lows formation today. Main scenario: Decline below the support level at 1.6019 (S1) would suggest next target at 1.5990 (S2) and any further easing would then be targeting 1.5961 (S3). Alternative scenario: If the price manages to stay above the suggested support at 1.6019 (S1), we expect attack to the resistance level at 1.6066 (R1). Clearance here is required for the instrument strengthening towards to our targets at 1.6096 (R2) and 1.6127 (R3) in potential.

-------------
USDJPY : 78.404 / 78.406
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/09102012/USDJPY.gif

78.76 | 78.62 | 78.48
78.28 | 78.14 | 78.00

SUMMARY : Up
TREND : Upward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral

MARKET ANALYSIS - Intraday Analysis

Technical Summary: USDJPY still is under the bullish pressure on the medium term perspective. Though, possibility of further market decline is high today. Main scenario: Next support level stays at 78.28 (S1). Break here would suggest next target at 78.14 (S2) and any further fall would then be limited by last support at 78.00 (S3). Alternative scenario: A medium-term bias is negative now though intraday bullish forces might be activated if the pair penetrates above the resistance level at 78.48 (R1). Next immediate resistance levels holds at 78.62 (R2) and 78.76 (R3).

Source: FX Central Clearing Ltd,( ECN Forex Indicators | Learn Forex | Trade Forex | FXCC (http://www.fxcc.com) )

alayoua

10-12-2012, 02:25 AM

Market Overview by FXCC Oct 12 2012

MAS surprises but still room to loosen policy - Capital Economics

The Monetary Authority of Singapore (MAS) left its policy stance unchanged today and it will continue to allow the NEER to trade within a target band of “modest and gradual appreciation”. The slope, mid-point and width of the target band will stay the same. The decision came despite stood at -1.5% q/q on an annualized basis in Q3.

A relatively quiet London session lies ahead, with no EZ sovereign debt auctions as usual on Fridays, and only minor EUR data related coming out, starting with French current account at 06:45 GMT, followed by the Netherlands trade balance at 07:30 GMT, Italy CPI at 08:00 GMT, and EU industrial production 1 hour later. The IMF-WB meetings will keep going throughout Sunday, with BoJ governor Shirakawa to speak at 12:20 GMT. Special attention might come from Spain, as the nation government holds its regularly weekly meeting, and markets expectations are growing on the country asking for the bailout after S&P downgraded Spain's credit ranking to one notch away from junk status.
Read More
https://support.fxcc.com/email/technical/12102012/

All. IMF Meeting
2012-10-12 09:00 GMT European Monetary Union. Industrial Production
2012-10-12 12:30 GMT United States. Producer Price Index
2012-10-12 13:55 GMT United States. Reuters/Michigan Consumer Sentiment Index

2012-10-12 04:42 GMT GBP/USD pressured ahead of Europe
2012-10-12 04:33 GMT EUR/USD clings to range game; time to salute 1.30 again?
2012-10-12 02:34 GMT AUD/JPY threatening offers near 80.80
2012-10-11 23:34 GMT USD/JPY gently bid; further advances ahead?

-------------
EURUSD 1.29291 / 1.29294
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/12102012/EURUSD.gif

1.3009 1.2980 1.2951
1.2914 1.2885 1.2854

SUMMARY Up
TREND Upward penetration
MA10 Bullish
MA20 Bullish
STOCHASTIC Neutral

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Medium term bias remains positive and today we expect further appreciation as main scenario. Main scenario: Strengthening above the resistance at 1.2951 (R1) might open way towards to next targets at 1.2980 (R2) and 1.3009 (R3). Alternative scenario: Next support can be found at 1.2914 (S1), clearance here would enable lower targets at 1.2885 (S2) and 1.2854 (S3).

----------------
GBPUSD 1.60289 / 1.60296
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/12102012/GBPUSD.gif

1.6109 1.6082 1.6057
1.6020 1.5993 1.5966

SUMMARY Up
TREND Upward penetration
MA10 Bearish
MA20 Bullish
STOCHASTIC Neutral

MARKET ANALYSIS - Intraday Analysis

Technical Summary: GBPUSD deviate from last week losses and current consolidation might extend its power above the suggested resistance levels today. Main scenario: Rise above the resistance at 1.6057 (R1) would suggest next target at 1.6082 (R2) and then final resistance can be found at 1.6109 (R3). Alternative scenario: Next support level holds at 1.6020 (S1), break here would suggest next target at 1.5993 (S2) and any further fall would then be limited to 1.5966 (S3).

-------------------
USDJPY 78.341 / 78.343
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/12102012/USDJPY.gif

78.79 78.67 78.54
78.27 78.13 77.99

SUMMARY Up
TREND Upward penetration
MA10 Bullish
MA20 Bullish
STOCHASTIC Neutral

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Fresh high provided today is our key point for further instrument appreciation however penetration below the suggested support level might enable bearish force on the short term perspective. Main scenario: Next resistance is placed at 78.54 (R1), break here might expose next target at 78.67 (R2) and any further rise would then be targeting 78.79 (R3). Alternative scenario: Our now bullish short term outlook will remain in place while USDJPY trades above the support at 78.27 (S1). A downside move below it might expose our next targets at 78.13 (S2) and 77.99 (S3) in potential.

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

alayoua

10-15-2012, 05:11 AM

Market Overview by FXCC Oct 15 2012

Case for an RBNZ rate cut mounts - BNZ

The Reserve Bank of New Zealand may start to find it harder and harder to maintain its cash rate steady in the foreseeable future, according to BNZ economist Stephen Toplis. From Mr. Toplis: "A very weak PMI, followed by today’s weak PSI, intimates that Q3 GDP might print very poorly indeed. Consensus forecasts for global growth remain under pressure. The Australian economy is looking demonstrably shaky, resulting in grief for domestic manufacturers, and the RBA is easing. The NZD TWI sits stubbornly 1.4% above the RBNZ’s assumed Q4-average. And the annual CPI is about to print below the bottom edge of the RBNZ’s 1-3% target range. We, thus, now put the probability of an easing as high as 35%."

The BNZ Analyt adds: "We stick with our view that rates are on hold for some time to come but warn that the downside risk should not be ignored. The market is now pricing in around an 85% chance of a cut over the coming 12 months. It’s been pricing in a reduction in rates consistently for much of the last year and we have railed against it. While we think the odds are overdone, the situation has certainly changed sufficiently for us to be much less aggressive in our dissension. For us the catalyst for an easing will be continued appreciation in the NZD accompanied by a stalling in the domestic housing market."
Read More
https://support.fxcc.com/email/technical/15102012/

UPCOMING EVENTS :
2012-10-15 12:30 GMT | United States. Retail Sales
2012-10-15 14:30 GMT | Canada. Bank of Canada Business Outlook Survey
2012-10-15 19:00 GMT | Canada. BoC Governor Mark Carney Speech
2012-10-15 21:45 GMT | New Zealand. Consumer Price Index

FOREX NEWS :
2012-10-15 04:49 GMT | GBP/USD maintains bearish tendencies
2012-10-15 04:43 GMT | EUR/USD new week, same range
2012-10-15 04:14 GMT | AUD/NZD choppy below 1.2550
2012-10-15 03:13 GMT | EUR/JPY slide supported by trendline

----------------------
EURUSD : 1.29080 / 1.29085
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/15102012/EURUSD.gif

1.2954 | 1.2937 | 1.2922
1.2890 | 1.2875 | 1.2860

SUMMARY : Up
TREND : Upward penetration
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Today Instrument gained momentum on the negative side and formed correction from its initial uptrend formation. If it manages to break above the suggested resistance level we expect to see new step of uptrend development, otherwise depreciation below the support would lead to the deeper correction. Main scenario: Possible strengthening might arise above the next resistance level at 1.2922 (R1). Next targets holds at 1.2937 (R2) and 1.2954 (R3) levels. Alternative scenario: Downside development remains for now limited by next support level at 1.2890 (S1), clear break here would be a signal of market weakening, targeting 1.2875 (S2) and 1.2860 (S3) in potential.

----------------
GBPUSD : 1.60385 / 1.60394
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/15102012/GBPUSD.gif

1.6132 | 1.6096 | 1.6059
1.6024 | 1.5983 | 1.5944

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: The medium term tendency is Bearish as both moving averages are pointing down and we expect that GBPUSD remains on the negative side today. Main scenario: Decrease below the expected support at 1.6024 (S1) might push price lower and enable our targets at 1.5983 (S2) and 1.5944 (S3). Alternative scenario: Upside formation is limited by next resistance level at 1.6059 (R1). If market manage to break it, further targets locates at 1.6096 (R2) and 1.6132 (R3).

----------------
USDJPY : 78.564 / 78.565
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/15102012/USDJPY.gif

78.95 | 78.79 | 78.63
78.43 | 78.26 | 78.09

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Pair has settled positive bias on the hourly timeframe and fresh high, formed today is our reference point for the instrument appreciation. Main scenario: Our next resistance level for today stay at 78.63 (R1), break here would enable next targets at 78.79 (R2) and 78.95 (R3). Alternative scenario: Possible depreciation below the support level at 78.43 (S1) would suggest next targets at 78.26 (S2) and 78.09 (S3).

Source: FX Central Clearing Ltd,( What Is Forex Trading | Forex Trading Signals | ECN Forex Trading Online | FXCC (http://www.fxcc.com) )

alayoua

10-17-2012, 02:31 AM

Market Overview by FXCC Oct 17 2012

Moody’s confirms Spain’s government bond rating at Baa3, negative outlook

Moody’s issued the following statement in downgrading Spain’s sovereign credit rating outlook to negative: Moody’s Investors Service yesterday confirmed the Kingdom of Spain’s Baa3 government bond rating and assigned a negative outlook to the rating. In addition, Moody’s has confirmed Spain’s short-term rating at (P)Prime-3. Rating action concludes the review for possible further downgrade of Spain’s rating that Moody’s had initiated on 13 June 2012.

In summary, Moody’s believes that the combination of euro area and ECB support and the Spanish government’s own efforts should allow the government to maintain capital market access at reasonable rates, providing it with the time it needs to stabilise public debt over the next few years. In Moody’s view, the maintenance of market access is critical because the risk that some form of burden-sharing will be imposed on bondholders is material for those countries that rely entirely or to a very large extent on official-sector funding for an extended period of time.
Read More
https://support.fxcc.com/email/technical/17102012/

UPCOMING EVENTS :
2012-10-16 08:30 GMT | United Kingdom. Bank of England Minutes
2012-10-16 09:00 GMT | Switzerland. ZEW Survey - Expectations
2012-10-16 09:15 GMT | United Kingdom. BOE Deputy Governor Paul Tucker speech
2012-10-16 12:30 GMT | United States. Housing Starts

FOREX NEWS :
2012-10-17 02:55 GMT | GBP/USD at key 61.8 fibo; awaits BoE minutes
2012-10-17 01:26 GMT | USD/JPY ranges ahead of 79.00 sellers
2012-10-17 00:26 GMT | AUD/USD follows Euro tail; 1.0330/35 next hurdle
2012-10-16 21:32 GMT | EUR/USD tests 1.3100 on Moddy's Spanish rating

-------------
EURUSD : 1.30944 / 1.30947
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/17102012/EURUSD.gif

1.3199 | 1.3160 | 1.3125
1.3064 | 1.3027 | 1.2992

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Moody’s confirms Spain’s government bond rating at Baa3 with the negative outlook yesterday and that drives market price towards to new levels. Market sentiment is clearly bullish. Main scenario: In terms of technical levels next resistance level could be found at 1.3125 (R1). Appreciation above it might enable next targets at 1.3160 (R2) and 1.3199 (R3) in potential. Alternative scenario: Our next support level holds at 1.3064 (S1). Price penetration below it might open way towards to next targets at 1.3027 (S2) and 1.2992 (S3).

----------------
GBPUSD : 1.61262 / 1.61266
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/17102012/GBPUSD.gif

1.6192 | 1.6163 | 1.6135
1.6101 | 1.6074 | 1.6045

SUMMARY : Up
TREND : Upward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Market is waiting for Bank of England Minutes at 08:30 GMT. Technically, further market rise is more likely scenario for today while both moving averages are pointing up. Main scenario: If the price manages to progress above the next resistance at 1.6133 (R1) we suggest next targets at 1.6154 (R2) and 1.6177 (R3) in potential. Alternative scenario: Next support level locates 1.6107 (S1) today, possible pushdown of the price below it would suggest next targets at 1.6085 (S2) and 1.6062 (S3).

-----------------
USDJPY : 78.632 / 78.636
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/17102012/USDJPY.gif

79.03 | 78.91 | 78.78
78.61 | 78.50 | 78.38

SUMMARY : Down
TREND : Downward penetration
MA10 : Bearish
MA20 : Bullish
STOCHASTIC : Oversold

MARKET ANALYSIS - Intraday Analysis

Technical Summary: USDJPY still trades under the bullish pressure on the medium term perspective. Though, possibility of further market decline is high today as a part of correction development. Main scenario: We expect to see retest of our support at 78.61 (S1) today. Easing below it would suggest next targets at 78.50 (S2) and 78.38 (S3) in potential. Alternative scenario: Our next resistance level is placed at 78.78 (R1). Break above it might open initial targets at 78.91 (R2) and 79.03 (R3) in potential.

Source: FX Central Clearing Ltd,( Learn Forex Trading | ECN Forex Online Trading | Forex Trading Tips | FXCC (http://www.fxcc.com) )

WindsorBrokers

10-17-2012, 04:39 AM

EUR/USD

The Euro extends its latest upleg from 1.2900, as penetration through initial 1.3000 barrier triggered fresh strength that cleared 1.3070, 05 Oct high and figure resistance at 1.3100. Immediate focus now turns towards September’s double-top at 1.3170, break of which to confirm higher base and double-bottom at 1.2800 zone and signal resumption of broader uptrend from 1.2042, 24 July low, towards psychological 1.3200 barrier. Near-term bullish structure remains intact, however, corrective pullback on overbought hourlies cannot be ruled out. Immediate supports lie atb1.3085/60 zone, ahead of 1.3030 and 1.3000 that should contain any stronger dips.

Res: 1.3122, 1.3170, 1.3180, 1.3200
Sup: 1.3085, 1.3060, 1.3030, 1.3014

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20121017080534.gif

GBP/USD

Cable’s rallied through important 1.6100/24 barriers, bringing near-term bulls that were interrupted by 1.6100/1.6020 pullback, back to play. Clearance of Fibonacci barrier at 1.6124 now opens way towards trendline resistance at 1.6175 and Fib 61.8% of 1.6308/1.5975, break of which to focus more significant 1.6200/16 zone, round figure resistance / 05 Oct lower top. Positive near-term structure supports the notion, with immediate support at 1.6100, reinforced by 55 day EMA.

Res: 1.6140, 1.6175, 1.6180, 1.6200
Sup: 1.6115, 1.6100, 1.6090, 1.6059

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20121017080502.gif

USD/JPY

The pair falls to approx 38.2% of 77.94/78.96 rally, following failure to clear important 79.00 barrier and reversal being signaled by hourly MACD bearish divergence. Hourly studies moved into negative territory, but overall bullish structure remains intact for now. However, break above 79.00 is required to resume rally for test of key barriers at 79.21/37, 19 Sep high / 200 day MA. Conversely, slide below78.60 breakpoint would sideline near-term bulls and allow for stronger correction towards 78.45 and 78.30/25, Fib 61.8% / higher platform.

Res: 78.90, 79.00, 79.21, 79.37
Sup: 78.60, 78.45, 78.30, 78.26

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20121017080437.gif

USD/CHF

Bears remain fully in play, as the price slides below key near-term support at 0.9237, with fresh extension lower confirming double-top pattern and opening way for further bearish action. Psychological support at 0.9200 comes under pressure, with brief consolidation on overextended hourly studies seen so far. Gains stay limited at previous low and 20 day EMA, with any stronger bounce expected to be capped at 0.9273, previous low / Fib 38.2% of 0.9370/0.9214 slide. Only break above 0.9300 would provide relief. On the downside, break below 0.9200 would risk full retracement of 0.9041/0.9970 ascend in the near-term.

Res: 0.9246, 0.9273, 0.9292, 0.9310
Sup: 0.9214, 0.9200, 0.9113, 0.9100

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20121017080415.gif

alayoua

10-18-2012, 02:37 AM

Market Overview by FXCC Oct 18 2012

China's Q3 GDP in line with estimates at 7.4%; Q3 print slightly better-than-expected

Chinese Real GDP for 3Q came as expected, printing 7.4% y/y growth - previously 7.6% y/y , hich had been the lowest reading since March 09. The Q3 seasonally adjusted number, however, came above expectations at 2.2% vs 1.8% consensus. While China's economy slows, data can be perceived as slightly better-than-expected, with QoQ numbers strengthening above cooling calls. Adds to signs China economy is bottoming. Ind Production came upbeat at 9.2% vs 9.0% exp, Fixed Investment better stood at 20.5% vs 20.2% expected, while retail sales were much better at 14.2 vs 13.2%.

Chinese Premier Wen noted that China's Q3 economic situation was 'relatively good' and that economic growth was stabilising. A better than expect GDP print will be positive for risk appetite, particularly given how far Chinese growth expectations have fallen over recent months. AUD, NZD and Asian currencies would push through recent highs on such an outcome.
Read More
https://support.fxcc.com/email/technical/18102012/

UPCOMING EVENTS :
2012-10-18 08:30 GMT | United Kingdom. Retail Sales
2012-10-18 12:30 GMT | United States. Unemployment Claims
2012-10-18 14:00 GMT | United States. Philadelphia Fed Manufacturing Survey
2012-10-18 | Spanish 10-y Bond Auction

FOREX NEWS :
2012-10-18 04:39 | GMT EUR/AUD dip stalls at 1.26 as Asia turns ‘risk on’
2012-10-18 01:38 | GMT AUD/JPY staying bid above 82.00
2012-10-18 00:36 | GMT EUR/JPY consolidates at 4-wk highs
2012-10-17 23:14 | GMT USD/JPY surges above 79.00

-----------------
EURUSD : 1.30964 / 1.30969
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/18102012/EURUSD.gif

1.3199 | 1.3163 | 1.3125
1.3064 | 1.3027 | 1.2992

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: The pull back from yesterday’s high might be considered as price retracement from major uptrend formation. Pair is quoting roughly -0.17 % below its opening price and our short term outlook is negative today. Main scenario: Current downside formation is limited by next support level at 1.3064 (S1). Break here is required for further depreciation towards to our targets at 1.3027 (S2) and 1.2992 (S3) in potential. Alternative scenario: We see potential for further appreciation towards to next targets at 1.3163 (R2) and 1.3199 (R3) if it manage to overcome our next resistance level at 1.3125 (R1).

--------------
GBPUSD : 1.61294 / 1.61303
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/18102012/GBPUSD.gif

1.6172 | 1.6157 | 1.6142
1.6114 | 1.6099 | 1.6083

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: GBPUSD tested negative side today and we are not expecting major changes in current tendency. Not many macroeconomic data releases expected today however UK Retail Sales announcement at 08:30 GMT might bring additional volatility. Main scenario: Next support could be found at 1.6114 (S1), clearance here is required to attack lower targets at 1.6099 (S2) and 1.6083 (S3). Alternative scenario: If the pair can breach our next resistance at 1.6142 (R1), we suggest next target at 1.6157 (R2) and any further rise would then be limited by last resistance at 1.6172 (R3) intraday.

------------------
USDJPY : 79.161 / 79.164
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/18102012/USDJPY.gif

79.43 | 79.32 | 79.20
79.08 | 78.97 | 78.86

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: The pair is under the bullish pressure, as both of our Moving Averages are aggressive towards the price trading above it. Fresh high, formed today is our next reference point for further market appreciation. Main scenario: Key resistance is seen at 79.20 (R1). Clearance here would suggest next targets at 79.32 (R2) and 79.43 (R3). Alternative scenario: The downside trend evolvement is limited by next support level at 79.08 (S1), break here might lead to the targets execution at 78.97 (S2) and 78.86 (S3).

Source: FX Central Clearing Ltd,( Forex Trading Course | Forex Trading Blog | ECN Forex Trading Training | FXCC (http://www.fxcc.com) )

WindsorBrokers

10-18-2012, 04:39 AM

EUR/USD

The single currency maintains positive tone off 1.2800 zone double-bottom, as breach of 1.3070/1.3100 barriers keeps focus at key resistances at 1.3150, long-term bear-trendline off 1.4938 and 1.3170, 17 Sep high and double-Fibonacci barrier. Further hesitation is not ruled out, as the pair already underwent corrective easing from 1.3138 that was contained at 1.3100 zone for now and deeper dips would risk extension towards 1.3000/1.2975, approx 50% of entire rally. Clear break above 1.3170 would attract 1.3282/1.3300 initially.

Res: 1.3138, 1.3170, 1.3180, 1.3200
Sup: 1.3100, 1.3085, 1.3060, 1.3020

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20121018071223.gif

GBP/USD

The near-term uptrend remains in play, as the pair extends gains to test 1.6180, trendline resistance and Fib 61.8% of 1.6216/1.5975 downleg, where gains stalled. Subsequent pullback has so far found footstep at 55 day EMA at 1.6120 zone. Near-term focus remains at the upside barriers, with penetration through 1.6180, expected to open 1.6200/16 and confirm base at 1.5975. Any further easing would face supports at 1.6100/1.6050, Fibonacci support, while extension below 1.6020 would revive larger picture bears.

Res: 1.6180, 1.6200, 1.6216, 1.6271
Sup: 1.6120, 1.6100, 1.6075, 1.6050

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20121018071159.gif

USD/JPY

The price surges through 79.00 barrier after leaving a double-bottom at 78.60 zone, to approach initial barrier at 79.21, 19 Sep high and 79.37, 200 day MA. Overall bulls keep the break higher in focus, as the break higher would introduce 79.65 and 80.00 barriers, however, gains may be interrupted, as overextended hourly studies suggest corrective action. Initial support lies at 79.00, while any further extension should be contained at/above 78.60, also near 50% of 77.94/79.19 rally, to keep bullish structure intact.

Res: 79.21, 79.37, 79.65, 80.00
Sup: 79.00, 78.89, 78.60, 78.45

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20121018071134.gif

USD/CHF

The pair continues to move sideways, consolidating recent losses that tested psychological 0.9200 support. Overall bears see scope for full retracement of 0.9042/0.9970 rally on a break below 0.9200, as larger picture outlook maintains bears and completion of double-top pattern keeps the downside favored. However, overextended studies on 4h chart and hourlies already moving upward, see potential for stronger corrective action that would precede fresh bears. Previous supports at 0.9237/73, now offer initial resistance, while violation of 0.9300 zone, near Fib 61.8% of 0.9370/0.9213, would ease bear-pressure.

Res: 0.9246, 0.9273, 0.9292, 0.9310
Sup: 0.9214, 0.9200, 0.9113, 0.9100

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20121018071116.gif

alayoua

10-19-2012, 02:36 AM

Market Overview by FXCC Oct 19 2012

Framework for banking union by end of 2012

European Union leaders, according reports from Reuters, have agreed on a legal roadmap to establish a single bank supervisor for the union. A text of draft conclusions on the first day of talks in the ongoing EU summit in Brussels said leaders struck a deal on "the objective of completing the legal framework by the end of the year" with implementation "in the course of 2013", Reuters said. EU Economic and Monetary Affairs Commissioner Olli Rehn commented, cited by Reuters, that reaching such deal is key "to break the vicious circle between sovereigns and banks". Framework for banking union by end of 2012, completion by early 2014, and is to cover 6,000 banks, according to a French official.

They added that potential for direct bank recapitalization from bailout funds in 2013. However, the German counterparts have denied that bank recapitalization can take place in early 2013. From German government source cited by Reuters: "Direct recapitalization of banks in first qtr of 2013 is ‘very unlikely’. Can only begin once an effective single banking supervisor is in place. ECB will be responsible for systemically important banks, but will oversee other banks if necessary. There will be a mix of supervision between ECB and national supervisors." Frictions between Germany and France on how to go about the banking supervisor authority had been a troubling sticking point, with German Chancellor Angela Merkel demanding stronger authority to veto national budgets that breach EU rules, while French President Francois Hollande had been more supportive of moving towards a European banking union.
Read More
https://support.fxcc.com/email/technical/19102012/

UPCOMING EVENTS :
2012-10-19 06:00 GMT | Germany. Producer Price Index
2012-10-19 12:30 GMT | Canada. Consumer Price Index
2012-10-19 14:00 GMT | United States. Existing Home Sales Change
2012-10-19 N/A | E.M.U. European Council meeting

FOREX NEWS :
2012-10-19 02:57 GMT | GBP/JPY bears still defending 128.00 fig.
2012-10-19 01:54 GMT | GBP/USD bearish while below 1.6065
2012-10-19 00:30 GMT | AUD/USD has double failure above 1.04
2012-10-19 00:17 GMT | USD/JPY maintains positive bias, resistance at 79.65

-------------
EURUSD : 1.30715 / 1.30719
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/19102012/EURUSD.gif

1.3133 | 1.3107 | 1.3084
1.3055 | 1.3031 | 1.3007

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Both moving averages are pointing down and we see potential of further depreciation later on today as main scenario though medium term tone remains positive. Main scenario: Next attractive support level locates at 1.3055 (S1). Break here is required to put in focus lower target at 1.3031 (S2) and 1.3007 (S3). Alternative scenario: Appreciation above the resistance level at 1.3084 (R1) would suggest higher targets at 1.3107 (R2) and 1.3133 (R3).

-------------------
GBPUSD : 1.60617 / 1.60625
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/19102012/GBPUSD.gif

1.6112 | 1.6091 | 1.6072
1.6041 | 1.6021 | 1.6001

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Yesterday market depreciation has determined negative market sentiment for the trading session ahead.Main scenario: Downtrend resuming is possible below the next support level at 1.6041 (S1). Clearance of this level might expose next targets at 1.6021 (S2) and 1.6001 (S3) during the day. Alternative scenario: Next resistance level holds at 1.6072 (R1), break here would suggest next targets at 1.6091 (R2) and 1.6112 (R3) in potential.

----------------
USDJPY : 79.299 / 79.303
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/19102012/USDJPY.gif

79.66 | 79.53 | 79.41
79.25 | 79.13 | 79.00

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Upside formation remains in power on the medium term perspective however market looks overbought on the hourly chart and today we expect an attack to our support levels. Main scenario: Bearish penetration below the support level at 79.25 (S1) would then targeting 79.13 (S2) and 79.00 (S3) intraday. Alternative scenario: Appreciation above the next resistance level at 79.41 (R1) would suggest next targets at 79.53 (R2) and 79.66 (R3) in perspective.

Source: FX Central Clearing Ltd,( Forex Trading Hours | Forex Trading Strategy | ECN Forex Trading Tutorial | FXCC (http://www.fxcc.com) )

UWC Neeraj

10-20-2012, 05:16 AM

UWC is proud to provide daily market reviews by the well-known financial expert – Mr. Arne Treholt, a former Political Secretary to the Minister of Shipping and Foreign Trade, then Deputy Minister of Law of the Sea of the Norwegian Royal Ministry of Foreign Affairs. He also held the position of Counselor for Economic Development and Social Affairs at the Ministry of Foreign Affairs, and was member of the Norwegian Mission to the United Nations, New York. At the moment Mr. Treholt is a Vice President and a Business Development Director of United World Capital.

UWC Neeraj

10-20-2012, 05:17 AM

19 OCTOBER 2012: EU BANK UNION READY BY 2014

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

EU leaders agreed yesterday to establish a single banking supervisor for the 6000 banks inside the Euro zone by 2014, opening the way for its rescue fund to inject capital directly into debt ridden banks. A legal framework shall be adopted by the end of this year giving the European Central Bank (ECB) overall responsibility for banking supervision. Most day-to-day oversight will still be delegated to national bodies. An effective banking union is regarded as a first important step to overcome the euro zone three-year old debt crisis.

Asian shares eased on Friday as markets consolidated gains from a three-day rally. Last night also Dow Jones and Nasdaq ended in negative territory. Both Google and Microsoft delivered weaker than expected quarterly results. This weighed in on market sentiments.

The Euro was resilient trading at 1.3070 in morning hours in Asia 70 basis points down from the one-month high on 1.3140 reached on Wednesday. The single currency edged higher toward Japanese yen which also continued to fall against the USD. The down-side risk for the Euro is looking weaker short-term. The Euro/USD will probably remain in its recent broad range. Momentum seems to build up to a new test on the technical resistance level on 1.3175. The dollar index against six most traded currencies remains stabile.

Gold prices slipped to 1735 and trades at present on 1739. Recent positive third quarter company results have together with better housing numbers boosted US Treasury bill yield and supported the dollar. Appetite for precious metals bullions have consequently decreased over the last days. Silver reached 32,70 yesterday down from 33.30. Brent crude fell to USD 112 a barrel. It has stabilized in morning trade, at 112,40. NYMEX. New York crude is still trading above 92.

Copyright: United World Capital

UWC Neeraj

10-20-2012, 05:19 AM

VIDEO MARKET REVIEWS

18 October 2012: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

18 October 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=n9iXJ0ztTUE)

alayoua

10-22-2012, 02:41 AM

Market Overview by FXCC Oct 22 2012

Rajoy gets landslide victory in Galicia

El PaÍs reported a landslide victory by Rajoy in Galicia. In Europe, things seem to be progressing. Reuters is reporting that the Troika deal is 90% complete, according to the Greek Finance Minister, and that the Greek Prime Minister expects his nation to receive the next tranche of loans by the end of November; the November timeline is key, given that Greece will reportedly run out of adequate reserves by the 16th of that month.

Elsewhere in the region, eyes are on Spain as the Spanish province of Galicia becomes a focus for global investors, with a key election underway today; Mariano Rajoy's ruling People's Party is in the lead according to early exit polls. Economists continue to expect that Spain will do what is needed to secure ECB help in November, and a bailout would certainly help to soothe persistent fears about the breakup of the European Union.
Read More
https://support.fxcc.com/email/technical/22102012/

UPCOMING EVENTS :
2012-10-22 06:00 GMT | United Kingdom. Nationwide Housing Prices
2012-10-22 07:00 GMT | Switzerland. Monthly Statistical Bulletin
2012-10-22 07:00 GMT | Australia. RBA Assist Gov Debelle Speech

FOREX NEWS :
2012-10-22 04:15 GMT | EUR/AUD consolidation a continuation pattern?
2012-10-22 01:51 GMT | EUR/JPY, post '4-yr trendline' era; 104.00 still tough
2012-10-22 00:19 GMT | AUD/USD tests bids through 1.3000

--------------
EURUSD : 1.30560 / 1.30565
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/22102012/EURUSD.gif

1.3111 | 1.3089 | 1.3066
1.3031 | 1.3007 | 1.2983

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Technically, EURUSD is under the uptrend formation on the medium term perspective and appreciation above the expected resistance levels might open road towards to new targets. Main scenario: Our next resistance level could be found at 1.3066 (R1). Appreciation above it might enable next targets at 1.3089 (R2) and 1.3111(R3) in potential. Alternative scenario: We expect to see retest of our support at 1.3031 (S1) today. Easing below it would suggest next targets at 1.3007 (S2) and 1.2983 (S3) in potential.

------------------
GBPUSD : 1.60303 / 1.60311
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/22102012/GBPUSD.gif

1.6089 | 1.6068 | 1.6046
1.6011 | 1.5989 | 1.5965

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: GBPUSD aimed to recover previous day’s losses by trading most of the time on the positive side today. We expect further appreciation towards to our resistance levels today however medium term bias remains negative. Main scenario: If the pair manages to overcome our next resistance level at 1.6046(R1), we expect further progress towards to new targets at 1.6068 (R2) and 1.6089 (R3) in potential. Alternative scenario: Next support level locates at 1.6011 (S1). Decline below it might resume weakness towards to 1.5989 (S2). Selling pressure might face final support at 1.5965 (S3) intraday.

----------------
USDJPY : 79.619 / 79.621
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/22102012/USDJPY.gif

79.93 | 79.82 | 79.66
79.46 | 79.30 | 79.13

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: USDJPY gained momentum on the positive side today and our main scenario is bullish on the short term perspective, though further market decline is possible later on today. Main scenario: Climb above the resistance level at 79.66 (R1) might open way for the price appreciation towards to the target at 79.82 (R2). Last target for today locates at 79.93 (R3). Alternative scenario: If the price manage to stabilize on current levels and clearly brake our next support level at 79.46 (S1) we expect correction development with next targets at 79.30 (S2) and 79.13 (S3).

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

WindsorBrokers

10-23-2012, 04:38 AM

EUR/USD

Near-term price action moves in a choppy directionless mode, trading within 1.3000/70 range. Hourly studies show prevailing neutral tone, but loss of momentum may be a signal for revisiting range’s lower boundary, as the price slides below initial support at 1.3040. On 4h chart price breaks below 20 day EMA, with indicators turning lower. With upside being capped by previous high at 1.3070 and good support at 1.3000 zone, Fib 38.2% of 1.2802/1.3138 and 55 day EMA, keeping the downside protected for now, break of either side would give more clear picture of near-term direction. However, overall bulls off 1.2800 higher base and larger uptrend from 1.2042, remain intact for now, with clearance of 1.3138/70 barriers required to resume. Conversely, break below strong support at 1.2800, double-bottom / 200 day MA / main bear trendline off 1.2042, would significantly weaken the structure.

Res: 1.3076, 1.3100, 1.3138, 1.3170
Sup: 1.3023, 1.3012, 1.3000, 1.2990

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20121023075712.gif

GBP/USD

Cable’s near-term structure remains negative, as consolidation of the latest sharp fall stalled on approach to the initial resistance at 1.6065, 19 Oct high / Fib 38.2% of 1.6178/1.5989 downleg and subsequent easing struggling to hold above 1.6000 support. Hourly studies remain weak, as the price slides below 10/20 EMA’s, while more negative tone is shown on 4h chart, as indicators hold in the negative territory and price broke below 4h Ichimoku cloud and Tenkan-sen line. This keeps the downside favored in the near-term, also as a part of broader downtrend from 1.6308, with break below 1.6000/1.5975, seen as a trigger for fresh weakness towards 1.5900 zone, 23 Aug high / Fib 38.2% of 1.5267/1.6308 ascend.

Res: 1.6023, 1.6051, 1.6065, 1.6083
Sup: 1.6000, 1.5989, 1.5975, 1.5958

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20121023075737.gif

USD/JPY

The pair continues to trend higher, with clearance of last barrier at 79.65, resulted in test of our near-term target and psychological barrier at 80.00. Overall bullish tone keeps the upside favored, however, pause in current rally is likely, as hourly indicators emerge from overbought territory, while overextended 4h chart indicators started to point lower. Immediate supports lie at 79.65 and 79.45, previous highs, with significant support at 79.00, Fib 38.2% of 77.42/80.00, reinforced by ascending 55 day EMA, expected to contain any stronger reversal and keep near-term bulls in play. Upside clearance of 80.00/09, round figure / 05 July high , to open 80.65, 25 June peak / 50% of 84.17/77.12 descend, next.

Res: 80.00, 80.09, 80.65, 81.00
Sup: 79.78, 79.65, 79.45, 79.21

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20121023075758.gif

USD/CHF

Hourly studies are showing signs of improvement, as reversal from 0.9288, last Friday’s recovery high, find footstep at 0.9250 zone and fresh strength emerges from there. With fresh momentum on 4h chart and MACD attempting through the midline, immediate scope is seen for test of 0.9288, also 55 day EMA, break of which and 0.9300, Fib 38.2% of 0.9430/0.9213 / main bear-trendline, is required to resume near-term corrective action of the larger downmove from 0.9430 and expose important barriers at 0.9350/70. However, larger picture bears off 0.9970 remain fully in play and regain of minimum 0.9400 barrier would improve the structure.

Res: 0.9288, 0.9292, 0.9310, 0.9350
Sup: 0.9258, 0.9247, 0.9213, 0.9200

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20121023075816.gif

alayoua

10-23-2012, 05:10 AM

Market Overview by FXCC Oct 23 2012

Spain is now where Greece was three years ago.

Steen Jakobsen, Chief Investment Officer at Saxo Bank, on an attempt to emphasize the dire financial picture in Spain, and what may come further down the road, notes Spain is now where Greece was three years ago. Mr. Jakobsen notes: "Spain is facing negative fiscal multipliers as any move toward austerity will aggravate the negative economic spiral. Even the IMF has now admitted that fiscal multipliers are far higher than previously assumed (0.9 to 1.7 vs. previous 0.5), meaning the end is not near to this crisis. The problem for Spain is the same as for Greece: a mandate for change forced on the population by unelected and non-accountable officials in offices in Brussels or Frankfurt is never going to last for long. "

Moody's Investors Service announced downgrades by one or two notches the ratings in five Spanish regions, including Andalucia, Extremadura, Castilla-La Mancha, Catalunya, and Murcia. In the statement, Moody's also confirms the ratings of the Basque Country and the Diputacion Foral de Bizkaia at Baa2. In addition, the ratings of the regions of Madrid, Castilla y Leon and Galicia have also been confirmed at Baa3. The ratings of Valencia were also confirmed at B1.
Read More
https://support.fxcc.com/email/technical/23102012/

UPCOMING EVENTS :
2012-10-23 12:30 GMT | Canada. Retail Sales
2012-10-23 13:00 GMT | Canada. BoC Interest Rate Decision
2012-10-23 14:00 GMT | E.M.U. Consumer Confidence
2012-10-23 17:00 GMT | United Kingdom. BoE's Governor King Speech

FOREX NEWS :
2012-10-23 04:50 GMT | GBP/USD flat above 1.6000, bearish below 1.5970
2012-10-23 02:52 GMT | EUR/AUD set for breakout, but in which direction?
2012-10-22 23:52 GMT | USD/JPY threatening 80.00
2012-10-22 21:26 GMT | EUR/JPY surges toward 61.8% Fibo resistance

----------------------
EURUSD : 1.30580 / 1.30583
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/23102012/EURUSD.gif

1.3099 1.3087 1.3075
1.3048 1.3037 1.3025

SUMMARY : Down
TREND : Downward penetration
MA10 : Bearish
MA20 : Bullish
STOCHASTIC : Oversold

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Instrument tested negative side today and we see possibility of further market decline later on today. Main scenario: A short-term neutral bias might face immediate support at 1.3048 (S1). Lower targets are placed at 1.3037 (S2) and 1.3025 (S3) in case of successful penetration here. Alternative scenario: Next resistance is placed above the fresh high at 1.3075 (R1), a break above it would extend gains towards to next targets at 1.3087 (R2) and 1.3099 (R3).

-----------------
GBPUSD : 1.60146 / 1.60154
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/23102012/GBPUSD.gif

1.6052 1.6038 1.6024
1.6006 1.5992 1.5977

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Both moving averages now are pointing down and we expect further easing today below the expected support levels. Main tendency on the medium term remains negative. Main scenario: Downside direction is limited by next support level at 1.6006 (S1), price decrease below it would be targeting next supports at 1.5992 (S2) and 1.5977 (S3). Alternative scenario: Our next resistance locates at 1.6024 (R1). Successful attack here would put in focus next target at 1.6038 (R2) and any further rise would then be targeting to 1.6052 (R3).

----------------
USDJPY : 79.909 / 79.913
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/23102012/USDJPY.gif

80.31 80.15 80.01
79.78 79.64 79.49

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Positive tendency remains in power today however in near future we expect to see some consolidation and possibly pull back from its initial price increase. Main scenario: Our next resistance stay at 80.01 (R1), break here is required for market expansion towards to next targets at 80.15 (R2) and 80.31 (R3). Alternative scenario: If the marked decline below the support at 79.78 (S1), we expect price downgrade towards to our targets at 79.64 (S2) and 79.49 (S3) as a part of consolidation.

Source: FX Central Clearing Ltd,( Forex Trading Basics | ECN Forex Trading Education | Best Forex Trading Platform (http://www.fxcc.com) )

alayoua

10-24-2012, 05:19 AM

Market Overview by FXCC Oct 24 2012

Euro searching for catalyst strong enough to break its range, FOMC eyed

Looking ahead, the Federal Reserve's policy setting committee began a two-day meeting, with a policy statement to be released Wednesday.According to Marc Chandler, Global Head of Currency Strategy at BBH, given the proximity of the election and the fact that an open-ended asset purchase plan was announced last month (QE3 or QE+), there will be a great deal more talk than action at the FOMC meeting.

"There are two issues that market expects the Fed to discuss. The first may fall under communication, but is really more substantive", says BBH. "Currently the Fed uses a calendar date approach, now mid-2015 to guide expectations of the minimum amount of time the Fed will keep interest rates low. There has been some talk…that perhaps the Fed should provide numerical targets". The second issue addresses the amount of securities the Fed is purchasing, says BBH analyst. "The question here is whether the Fed should roll the $45 bln a month in Treasuries it is buying under Operation Twist (and selling short-end holdings) and roll them into QE3+", he explains. "This would mean buying $85 bln a month in MBS and Treasuries a month".
https://support.fxcc.com/email/technical/24102012/

UPCOMING EVENTS :
2012-10-24 14:00 GMT | United States. New Home Sales
2012-10-24 15:15 GMT | Canada. BoC Press Conference
2012-10-24 18:15 GMT | United States. Fed's Monetary Policy Statement and press conference
2012-10-24 | European Monetary Union. ECB President Mario Draghi Visits Germany

FOREX NEWS :
2012-10-24 05:02 GMT | EUR/USD looking ahead to EZ PMI, FOMC
2012-10-24 00:43 GMT | AUD/USD spike hits 1.0300 post-AU CPI
2012-10-23 23:23 GMT | Buy dips on gold towards a $1775 target - Nomura
2012-10-23 21:24 GMT | AUD/JPY bears protecting 82.70

EURUSD : 1.29865 / 1.29869
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/24102012/EURUSD.gif

1.3037 | 1.3013 | 1.2994
1.2971 | 1.2951 | 1.2930

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Plenty of macroeconomic data releases ahead. Today in focus ECB President Mario Draghi speech at 14:00 GMT and Fed's Monetary Policy Statement and press conference at 18:15 GMT. Technically, instrument extended its weakening and determined negative bias on the medium term perspective. Main scenario: Risk of further depreciation is seen below the next support level at 1.2971 (S1). Clearance here might put selling pressure to the pair and enable next targets at 1.2951 (S2) and 1.2930 (S3). Alternative scenario: Our next resistance level is placed above the fresh high, provided today at 1.2994 (R1). Strengthening above it would suggest higher targets at 1.3013(R2) and 1.3037 (R3).

--------------
GBPUSD : 1.59487 / 1.59488
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/24102012/GBPUSD.gif

1.5993 | 1.5975 | 1.5956
1.5931 | 1.5913 | 1.5894

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Technically, picture is negative for GBPUSD. We expect gradual market decline later on today however possibility of consolidation development is seen above our resistance levels. Main scenario: Next support level in focus at 1.5931 (S1), if it manages to break our support here we suggest next targets at 1.5913 (S2) and 1.5894 (S3). Alternative scenario: Successful attack to the next resistance level at 1.5956 (R1) might establish retracement formation with next targets at 1.5975 (R2) and 1.5993 (R3) in focus.

----------------
USDJPY : 79.807 / 79.809
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/24102012/USDJPY.gif

80.22 | 80.08 | 79.94
79.78 | 79.64 | 79.49

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Yesterday USDJPY continued its consolidation and now is settled for a move. We expect retest of our resistance level today. If it fails to establish positive bias likely we will see a correction development on the hourly timeframe. Main scenario: Next resistance at 79.94 (R1) comes ahead. The break here is required for the price appreciation towards to next target at 80.08 (R2) and any further rise would then be targeting to 80.22 (R3). Alternative scenario: Downside fluctuations remains for now limited by next support level at 79.78 (S1), only clear break here would be a signal of market easing, targeting 79.64 (S2) and 79.49 (S3) in potential.

Source: FX Central Clearing Ltd,( Best Forex Trading System | Forex Trading Platforms | Automated Forex Trading Software | FXCC (http://www.fxcc.com) )

alayoua

10-25-2012, 02:30 AM

Market Overview by FXCC Oct 25 2012

RBNZ rate cut expected ‘next few months'

As expected, the Reserve Bank of New Zealand (RBNZ) kept its cash rate on hold at 2.5% today, with Gov. Wheeler noting that market sentiment has improved, that the risks to the global outlook have become more balanced, that a strong NZD undermines the fundamentals of the NZ’s economy, which, he says, is expected to continue growing at a modest pace.

Daniel Martin, economist at Capital Economics (Asia) notes: “Recent data suggest that GDP stabilised or even picked up slightly in Q3, after a slowdown in Q2. However, we expect subdued global growth and currency strength to prompt the RBNZ into a rate cut over the next few months.”
Read More
https://support.fxcc.com/email/technical/25102012/

UPCOMING EVENTS :
2012-10-25 08:30 GMT | United Kingdom. Gross Domestic Product
2012-10-25 12:30 GMT | United States. Durable Goods Orders
2012-10-25 21:00 GMT | New Zealand. Trade Balance
2012-10-25 23:30 GMT | Japan. National Consumer Price Index

FOREX NEWS :
2012-10-25 05:29 GMT | EUR/USD stops come first, technicals later
2012-10-25 04:41 GMT | GBP/USD in tight range ahead of UK GDP data
2012-10-25 03:28 GMT | AUD/JPY retesting 83.00 range resistance
2012-10-25 01:32 GMT | AUD/USD slowly inching higher; key Fibo nearby

---------------
EURUSD : 1.29861 / 1.29864
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/25102012/EURUSD.gif

1.3029 | 1.3013 | 1.2997
1.2977 | 1.2961 | 1.2945

SUMMARY : Down
TREND : Upward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral

MARKET ANALYSIS - Intraday Analysis

Technical Summary: EURUSD stabilized on the positive side today and attempt to reach yesterday high. If it fails to overcome it we expect further market decline as main scenario for today. Main scenario: Risk of further market weakening is seen below the next support level at 1.2977 (S1). Break here is required to expose next targets at 1.2961 (S2) and 1.2945 (S3). Alternative scenario: In case of market appreciation above the next resistance at 1.2997 (R1), we suggest next target at 1.3013 (R2) and any further rise would then be targeting 1.3029 (R3).

-----------------
GBPUSD : 1.60472 / 1.60479
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/25102012/GBPUSD.gif

1.6095 | 1.6081 | 1.6067
1.6048 | 1.6033 | 1.6019

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: GBPUSD gained momentum on the positive side and currently trades on its high. We expect further price appreciation later on today towards to our resistance levels. Main scenario: Our next resistance level is placed at 1.6067(R1). Clearance here would suggest next targets at 1.6081(R2) and 1.6095 (R3). Alternative scenario: Fall below the support level at 1.6048 (S1) would provide us with a signal of further downtrend formation. We expect next targets at 1.6033 (S2) and 1.6019 (S3) in such scenario.

-------------------
USDJPY : 80.054 / 80.058
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/technical/25102012/USDJPY.gif

80.50 : 80.34 : 80.17
79.95 : 79.79 : 79.63

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Instrument has settled correction on the hourly timeframe and currently trades under the bullish pressure. Further rise is likely scenario for today. Main scenario: We expect attack to the next resistance level at 80.17 (R1). Clearance here is required for the instrument strengthening towards to our next targets at 80.34 (R2) and 80.50 (R3) in potential. Alternative scenario: The downside trend evolvement is limited by next support level 79.95 (S1), break here might lead to the targets execution at 79.79 (S2) and 79.63 (S3).

Source: FX Central Clearing Ltd,( Forex Trading Account | ECN Forex Trading Courses | Forex Currency Trading System (http://www.fxcc.com) )

ForexFluke

10-25-2012, 10:40 AM

Do you think the Cable will consolidate again towards 1.60: That's where I think it's heading now.

UWC Neeraj

11-04-2012, 01:00 PM

30 OCTOBER 2012: USA MARKETS WON'T WORK THE SECOND DAY IN A ROW BECAUSE OF THE HURRICANE "SANDY"

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

Boards of USA have cancelled it work in connection with hurricane for the second day in a row for the first time in a century. So, on Tuesday, October 30, in the USA trading will not be held not only in shares and options, but also bonds.

Also it has been reported that on Tuesday will be closed for citizens’ visits buildings of the federal government in Washington, and the staff of not emergency services will have holiday. Thus the personnel of the companies in the Wall Street will be presented at the New York offices in limited structure, the big part will spend the working day far off.

It is necessary to note that the Ministry of Labor of the USA declared the intentions on report publication for October on Wednesday, as it is planned according to the schedule, despite the problems connected with hurricane.

Hurricane can also influence oil prices. Earlier already it was noted that on its way there can be some oil refineries in the general capacity of 1,2 million barrels per day, or 7% of oil refining capacities of the USA. In this regard production on the majority of the enterprises is already closed. Also we will note that because oil refineries reduce the capacities, oil stocks this week should grow that indirectly conducts to decrease in the oil prices in North America and also to growth of spread of Brent-WTI.

Today, this morning oil is decreasing and traded on a level of 109.05 dollars per barrel for a BRENT and 85.33 dollars for LIGHT.

Gold and silver are moving in a positive direction and are traded on levels of 1711.43 and 31.88 accordingly. Euro is a bit stronger then dollar and is traded on 1.2921.

Copyright: United World Capital

UWC Neeraj

11-04-2012, 01:02 PM

31 OCTOBER 2012: ASIAN MARKETS ARE RECOVERING

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

Today Asian stocks markets except for China are gaining in price. Better than the others looks Japanese Nikkei which has lost yesterday before closing of a trading session about 1%. The bank of Japan expanded yesterday the program of repayment of bonds on 11 trillion yens (to 91 trillion) that practically coincided with expectations, thus was declared that fight against a deflation is a priority task. Accordingly to a regulator estimates, by 2014 inflation in the country should reach level of 0,8%, but the target level is 1%. On this background investors safely can expect further continuous monetary easing policies in Japan. Meanwhile the Japanese yen continues some strengthening after last wave of decrease, and today currency pair USD/JPY already bargains at level 79,6 against 80 on Friday.

Today the trading at the exchanges of USA should renew. The main blow of hurricane “Sandy” is over; the building of the New York stock exchange did not suffer. Investors with big tension expected information on renewal of the auctions - at the end of the week there is coming a lot of an important macroeconomic statistics. In the centre of attention there will be data on a labor market, the last one before the elections in the United States.

In absence of the trading in the USA, the prices for oil following the results of last session showed multidirectional dynamics. The spread in December contracts between the Brent and WTI brands makes at present 23,4 dollars. Volumes naturally appeared essentially below averages. According to Reuters, owing to elements on east coast of the USA, 2/3 of all oil refining enterprises appeared closed. Besides, the stop touched also the largest oil pipeline. Nevertheless, already in the nearest future the situation should be stabilized. Today in the morning we can see Brent traded on 109.20 and Light on a level of 85.99.

One of the world's largest investment companies BlackRock on Tuesday issued the review concerning the market of metals in which expressed opinion on an undervaluation of this type of raw materials. In their opinion, demand from China still remains high, despite decrease in growth rates of economy of Heavenly Empire, and the economic situation in Europe and the USA essentially improved. In this regard, in their opinion, it is possible to expect growth of cost of such goods, as copper, iron ore and others.

We could already observe the result of this statement during Asian trading session; there metal companies were measurably growing this morning.

Copyright: United World Capital

UWC Neeraj

11-04-2012, 01:04 PM

01 NOVEMBER 2012: DAYS OFF IN USA DID NOT ADD ENTHUSIASM TO THE MARKETS

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

Yesterday finally trading in the actions in USA were opened after two compelled days off. The American investors began with purchases; however a positive dynamic was reduced after. Following results of the session on Wednesday the index of Dow Jones decreased for 0,08 %, S&P rose by 0,02 %, Nasdaq - for 0,06 %. Moods of investors could worsen with adverse statistics which has been presented yesterday.

The European markets bargained yesterday in different directions, but before closing amicably went to "a red zone". The index of London stock exchange FTSE 100 fell by 1,15 %, index of the Parisian stock exchange CAC 40 fell by 0,87 % and DAX fell by 0,22 %. Influence on moods of investors was rendered by statistical data on inflation and unemployment in Euro zone. The main attention of investors at the moment is chained nevertheless to the Greek and Spanish questions.

Oil futures this morning bargain in different directions, Brent decreases to 107.38 dollars for barrel, Light grows to 86.81 dollars for barrel.

On the average analysts expects that the volume of stocks of oil in USA increased by 1,5-1,75 million barrels. According to the Reuters agency message, in October oil production by the OPEC countries slightly grew. Proceeding falling of production in Iran and interruption of deliveries from Nigeria were completely compensated with the growth of production in such countries as Iraq, Angola and Libya.

Gold with delivery in December on COMEX went up in price for 0,4 % to level of $1719,10 for troy ounce. At currency trading - dollar weakened against euro and the British pound, but got stronger against yen.

Today in USA will be presented a lot of macroeconomic data, which may affect trading on global exchanges. Will be known forecast of ADP on employment, will be published statistics on the number of initial claims for unemployment benefits. Important will be data on construction spending and auto sales.

Copyright: United World Capital

UWC Neeraj

11-04-2012, 01:06 PM

02 NOVEMBER 2012: USA: THE EXCHANGES MISSED THE REAL RALLY

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

Yesterday the stock market of United States finished trading session with considerable growth of main indexes, maximal for last 7 weeks. The index of economic conditions of ISM in the production sphere in October contrary to expectations increased from 51,5 points to 51,7 points; weekly data on number of primary requests for unemployment benefits showed decrease on 9 thousands to 363 thousands with average forecasts at level of 370 thousands; data of ADP showed employment expansion in October on 158 thousands whereas market average forecasts were 135 thousands; at last, the index of consumer confidence in October reached more than a 4-year maximum on a mark of 72,2 points, though a little didn't hold on to forecasts.

Following results of session the indicator of blue chips Dow Jones Industrial Average raised on 1,04 % to level of 13232,62 points, the S&P500 increased on 1,09 % to a level 1427,59 points, and the index of high-technology industries Nasdaq Composite added 1,44 % and reached a point of 3020,06.

In the raw market December futures for oil of Light brand rose in price for 1 % to level of $87,09 for barrel. At the same time volatility is increasing in trading of futures for oil of the Brent brand. Yesterday's statistics from Ministry for the Power Generating Industry of USA, shown essential reduction of stocks of oil in country which has supported prices of oil. As a result futures for oil of Brent brand continue to bargain around $108 for barrel. Gold with delivery in December on COMEX fell in the price for 0,2 % to level to $1715,50 for troy ounce. At the currency trading dollar got stronger against euro, the British pound and yen.

Today the long-awaited report from a labor market of USA for October will be announced. On forecasts data is expected to be quite different: unemployment rate can exceed previous indicator, but number taken out of agricultural sector can grow - that in turn can promote raised volatility of trading in the first half of session. It is necessary to note that as a whole this statistics is capable to set moods of investors. However reaction to it can appear to be short-term on the threshold of a coming election of the president of USA.

Copyright: United World Capital

UWC Neeraj

11-04-2012, 01:08 PM

VIDEO MARKET REVIEWS

26 October 2012: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

26 October 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=0GUbpwmi4fI)

UWC Neeraj

11-04-2012, 01:09 PM

VIDEO MARKET REVIEWS

29 October 2012: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

29 October 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=TjXDl8_Lh2Y)

UWC Neeraj

11-04-2012, 01:12 PM

VIDEO MARKET REVIEWS

30 October 2012 : Daily Market Reviews from Kristina Leonova, Assistant of Vice-President about Daily Market

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

30 October 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=CQq6Ubuope0)

UWC Neeraj

11-04-2012, 01:27 PM

VIDEO MARKET REVIEWS

31 October 2012 : Daily Market Reviews from Kristina Leonova, Assistant of Vice-President about Daily Market

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

31 October 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=eMYmGizqJ8M)

UWC Neeraj

11-04-2012, 01:30 PM

VIDEO MARKET REVIEWS

1 November 2012 : Daily Market Reviews from Kristina Leonova, Assistant of Vice-President about Daily Market

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

1 November 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=lfYlVjWiAEU)

UWC Neeraj

11-04-2012, 01:37 PM

VIDEO MARKET REVIEWS

2 November 2012 : Daily Market Reviews from Kristina Leonova, Assistant of Vice-President about Daily Market

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

2 November 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=9lVJDEhZOHw)

alayoua

11-05-2012, 03:20 AM

Market Overview by FXCC Nov 05 2012

Greece to present new austerity package today

FXstreet.com (Barcelona) - The Greece government, still in despair trying to find new ways to cut public spending, will present a new austerity proposal to parliament on Monday. In the proposal, it will be key to win enough acceptance if the country is to comply with the Troika requirements and not put at risk a still 'doubtful' next aid tranche worth over EUR 31.5 billion. The country faces a new week with tensions in the street escalating fast, with plans of strikes and protests. A 2-day strike against the next austerity bill is expected on Tuesday, with marches through Athens' city centre taking place. Greek parliament will be voting on an austerity package mounting 13.5 billion euros, mainly aimed at tax hikes and more flexibility for firms to enroll people on temporary labour contracts and make them redundant.

"These will be the last cuts in wages and pensions," Samaras said on Sunday, cited by Reuters. "We promised to avert the country's exit from the euro and this is what we are doing. We have given absolute priority to this because if we do not achieve this everything else will be meaningless" Samaras added. As Richard Lee, FXstreet contributor, notes: "A dead vote on the austerity measure would place significant pressure on the single currency, as a delay of disbursement by the EU’s Troika could technically place Greece in a sovereign default. Greek benchmark 10-year bonds are reflective of the sentiment, with the yield rising a little over 40 basis point to 18.18% in the last two days."
https://support.fxcc.com/email/technical/05112012/

UPCOMING EVENTS :
2012-11-05 00:00 GMT | All. G20 Meeting
2012-11-05 09:28 GMT | United Kingdom. Markit Services PMI
2012-11-05 09:30 GMT | European Monetary Union. Sentix Investor Confidence
2012-11-05 15:30 GMT | United States ISM Non-Manufacturing PMI

FOREX NEWS :
2012-11-05 05:14 GMT | Short EUR/USD, target around 1.26 - Saxo Bank
2012-11-05 04:50 GMT | GBP/USD holding above 1.60 on low volatility
2012-11-05 03:12 GMT | EUR/AUD gaping below 1.2400
2012-11-05 01:30 GMT | USD/JPY capped below 80.50

EURUSD HIGH 1.28393 LOW 1.28159 BID 1.28305 ASK 1.28310 CHANGE -0.06% TIME 08:46:31

https://support.fxcc.com/email/technical/05112012/EURUSD.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Long direction: Market formed fresh low today and currently deviates from its initial downtrend formation. Next resistance level ahead is seen at 1.2844 (R1), break here is required to enable next target at 1.2868 (R2) and any further rise would then be limited to 1.2892 (R3). Short direction: Market sentiment is negative on EURUSD as of Friday sharp fall. If EURUSD gains momentum today and overcome our next support level at 1.2814 (S1), we suggest next targets at 1.2791 (S2) and 1.2767 (S3).

Resistance Levels: 1.2844, 1.2868, 1.2892
Support Levels: 1.2814, 1.2791, 1.2767

GBPUSD HIGH 1.60358 LOW 1.60085 BID 1.60288 ASK 1.60296 CHANGE 0.04% TIME 08:46:32

https://support.fxcc.com/email/technical/05112012/GBPUSD.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Long direction: If we take a look on the hourly chart we can see that medium-term bias is clearly negative however today instrument intend to provide retracement formation. Break above the next resistance level at 1.6039 (R1) would suggest next targets at 1.6054 (R2) and 1.6070 (R3) in potential. Short direction: Fresh low, formed on Friday is our key point for today. Next support level lie at 1.6007 (S1), below here opens the road towards to next targets at 1.5993 (S2) and 1.5978 (S3).

Resistance Levels: 1.6039, 1.6054, 1.6070
Support Levels: 1.6007, 1.5993, 1.5978

USDJPY HIGH 80.562 LOW 80.337 BID 80.353 ASK 80.357 CHANGE -0.15% TIME 08:46:33

https://support.fxcc.com/email/technical/05112012/USDJPY.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Low

Long direction: Technically, medium term tendency on USDJPY is positive and current pull back might be considered as a correction. If USDJPY gains momentum and rose above the resistance at 80.47 (R1) we expect next targets at 80.55 (R2) and 80.63 (R3). Short direction: Both moving averages is acting now as dynamic resistance levels and while price is quoted below them we expect further market decline. Downside direction is limited by next support level at 80.31 (S1), price decrease below it would be targeting next supports at 80.24 (S2) and 80.15 (S3).

Resistance Levels: 80.47, 80.55, 80.63
Support Levels: 80.31, 80.24, 80.15

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

UWC Neeraj

11-05-2012, 06:39 AM

05 NOVEMBER 2012: ELECTION UNCERTAINTY TEMPERS OPTIMISM

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

The USD continues to climb against all currencies prior to a presidential election, too, close to call. The Euro is once again under strong downward pressure with Greece back in focus after what is described as a “disastrous” 2013-budget. Both deficit and debt targets seem to overshoot due to a deeper than forecast Greek recession.

Greek and Euro zone policy makers’ effort to shape a deal to prevent the collapse of the Greece’s rescue packages, hang on the cliff. There remains room for nasty surprises and potentially a failure of the intended bailout. This has brought the possibility for a Greek exit from the Euro zone back on the agenda. Euro/USD is trading at 1.2831. USD is also stronger against JPY trading at 80,42.

Last week saw a string of encouraging data releases from the US culminating in Friday’s robust non-farm payrolls report on 171 000 new jobs created in October. The unemployment rate was up from 7.8 to 7,9 percent indicating a slow, but sustained economic recovery.

Uncertainty ahead of Wednesday’s US presidential election along with worries about the “fiscal cliff” of tax increases and spending cuts facing the United States, limited the feel good factor of investors. With the outcome of the elections hanging on the edge, markets are left concerned whether the newly elected president will have the political capability to deal with the fiscal cliff. Uncertainties related to automatic fiscal tightening may undermine the recent economic rebound. This does not bode well for general risk appetite.

Wall Street’s initial positive reaction to the positive labor figures quickly faded and gold and industrial metal prices sank with the dollar climbing sharply.

Copyright: United World Capital

UWC Neeraj

11-05-2012, 06:41 AM

VIDEO MARKET REVIEWS

5 November 2012 : Daily Market Reviews from Kristina Leonova, Assistant of Vice-President about Daily Market

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

5 November 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=t4V3pxzTPks)

alayoua

11-06-2012, 03:33 AM

Daily Forex Market Analysis from FXCC Nov 06 2012

Greece submits austerity bill to parliament; narrow win expected

The Greece government submitted on Monday the €13.5bn austerity bill to parliament. Now the next step is to vote for it, first to be considered by parliamentary committees on Tuesday and a full vote on Wednesday. Despite there has been some defectors the ruling coalition, expectations are pointing for a narrow win, thought to be enough to not jeopardize the next aid tranche worth over EUR 31.5 billion. According to James Coleman, Founder at Forexlive: "A failure to pass the austerity law would send the entire bailout process into chaos and rise the prospect of Greece defaulting later this month. A much weaker euro would result."

As the Guardian UK notes: "Democratic Left, the junior partner in the coalition, tells us it will abstain on the vote and predicts a narrow win for Antonis Samaras's government." A Reuters report raised concerns earlier on Monday, after it suggested that eurozone leaders will hold out any decision on the next disbursement to Greece until the last minute, that is, the next November 12 EU official meeting may yet again disappoint on this front as no guarantee of a decision seems in sight.- FXstreet.com
https://support.fxcc.com/email/technical/06112012/

UPCOMING EVENTS :
2012-11-06 **:** GMT | United Kingdom. 10-y Bond Auction
2012-11-06 08:58 GMT | European Monetary Union. Markit Services PMI
2012-11-06 10:00 GMT | European Monetary Union. Producer Price Index
2012-11-06 20:00 GMT | New Zealand. RBNZ Financial Stability Report

FOREX NEWS :
2012-11-06 05:09 GMT | USD/JPY drags down to 80.00
2012-11-06 05:02 GMT | AUD/USD wins +1.04 battle; scope for further gains
2012-11-06 04:24 GMT | AUD/NZD penetrates into new 1.2580-1.2670 range
2012-11-06 04:23 GMT | GBP/AUD dip stalls ahead of 50% Fibo

--------------------------------------
EURUSD :
HIGH 1.28032 LOW 1.27818 BID 1.27886 ASK 1.27892 CHANGE -0.05% TIME 08 : 09 : 24

https://support.fxcc.com/email/technical/06112012/EURUSD.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Long direction: EURUSD refreshed its low yesterday and currently deviates from its initial downtrend formation. Next resistance is seen at 1.2807 (R1). Break here is required to enable bullish power with next possible targets at 1.2837 (R2) and 1.2868 (R3). Short direction: Pair has settled negative bias on the hourly timeframe and decline below the support level at 1.2767 (S1) would suggest further downtrend development with possible targets at 1.2740 (S2) and 1.2711 (S3).

Resistance Levels: 1.2807, 1.2837, 1.2868
Support Levels: 1.2767, 1.2740, 1.2711

------------------------------
GBPUSD :
HIGH 1.59908 LOW 1.59709 BID 1.59852 ASK 1.59857 CHANGE 0.04% TIME 08 : 09 : 25

https://support.fxcc.com/email/technical/06112012/GBPUSD.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Long direction: Downside formation remains in power however today we expect to see attack to our resistance levels. Upwards penetration is limited by next resistance level at 1.6009 (R1) today. Surpassing of this level would suggest next targets at 1.6029 (R2) and 1.6048 (R3) in potential. Short direction: Medium term market sentiment remains negative for GBPUSD. If the pair gains momentum on the downside today and overcome our next support level at 1.5970 (S1), we suggest next targets at 1.5951 (S2) and 1.5932 (S3).

Resistance Levels: 1.6009, 1.6029, 1.6048
Support Levels: 1.5970, 1.5951, 1.5932

----------------------------------
USDJPY :
HIGH 80.298 LOW 79.962 BID 80.019 ASK 80.022 CHANGE -0.34% TIME 08 : 09 : 26

https://support.fxcc.com/email/technical/06112012/USDJPY.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Long direction: Market corrected from previous week gains and looks set to establish upwards development on the longer term. Our next resistance is placed at 80.13 (R1). Rise above it might push price towards to next targets at 80.26 (R2) and 80.39 (R3) intradayShort direction: Current market depreciation has determined negative market sentiment for the remaining of the day. Risk of further market depreciation is seen below the next support level at 79.95 (S1). Loss here would suggest intraday targets at 79.83 (S2) and 79.70 (S3).

Resistance Levels: 80.13, 80.26, 80.39
Support Levels: 79.95, 79.83, 79.70

FX Central Clearing Ltd,( ECN Global Forex Trading | Forex Trading Charts | Best Forex Trading | FXCC (http://www.fxcc.com) )

UWC Neeraj

11-06-2012, 09:17 AM

06 NOVEMBER 2012: EURO DROPS TO TWO MONTHS LOW

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

The Euro continued to fall and reached its lowest level against the USD in two months trading at 1.2787 Tuesday morning. The outlook for the Euro is clouded by uncertainty over the outcome of a Greek parliamentarian vote on further austerity steps needed for Athens to secure international aid. Prior to the vote in the Parliament on Wednesday Prime Minister Antonis Samaras stated that Greece would run out of funds within some few weeks without a quick international bailout injection.

The Greek Parliament shall vote on a package of measures of cost cuts and tax hikes of a total value of 13,5 billion Euros by 2016. Approval of the measures are crucial to unlocking 31,5 billion Euros in aid from the International Monetary Fund, IMF and EU. Release of the bailout funds have been kept on hold for months. The uncertainty surrounding the outcome of the parliamentarian vote, has pushed the euro out of the 1.2800 – 1.3000 trading range held since mid-September. The next immediate technical support level is around 1.2740.

Stocks advanced modestly in New York on Monday in a quiet session the day before the presidential election. President Obama has a slight lead in the last opinion polls, but whatever the outcome the election’s resolution will finally end the uncertainty that has kept the markets stagnant for the past few weeks. Reelection of Obama or a Romney victory could anyhow lead to a relief rally. Nasdaq was the strongest performer yesterday helped by a rally in Apple. Apple’s stocks rose 1,4% after falling 17 percent since its closing high of USD 705 on September 21.

The Australian dollar is steady at USD 1,0369 prior to Australian Reserve Bank’s rate decision later today. A rate cut of 25 basis point to cash rate to 3,0 % is expected. In relation to Japanese yen the USD eased to 80,23 after rallying to a six-month high of 80,68 on Friday.

Oil prices steadied. Brent crude is trading at 108 a barrel caught between uncertainties on the outcome of the US presidential elections and worries about Greece and the euro zone crisis which could delay a global economic recovery and hurt oil demand. Gold (1686) and silver (31.10) have picked up from its lows on Friday.

Copyright: United World Capital

UWC Neeraj

11-06-2012, 09:20 AM

VIDEO MARKET REVIEWS

6 November 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

6 November 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=nic7nWfrZ-w)

alayoua

11-07-2012, 03:15 AM

Daily Forex Market Analysis from FXCC Nov 07 2012

Obama re-elected as US President

Barack Obama's second four year term in the White House is a reality, with semi-official confirmations given just minutes after 4GMT when most media outlets, including NBC, CBS, SKY,AP, Bloomberg, projected Obama's victory in Ohio, a key state for Obama in order to guarantee another second four year mandate. Mel Know, Editor at FXstreet.com, reports: "there were people somewhat surprised of the early confirmation of victory, but Obama has been picking off key swing states one by one. With 73% of the vote in, Ohio is projected to go to the president – no republican has ever won the presidency without winning Ohio. The president has also won in Wisconsin and Pennsylvania, leaving Romney required to win all three battleground states of Ohio, Florida and Virginia, where the race is too close to call. But the president has already reached the magical 270 Electoral College mark. Game over."

The USD was sold-off aggressively as soon as the news of an Obama win came in, with markets pricing in an extended term from the president that has brought the US debt to GDP to uncharted territories by enjoying at the helm of the Fed ultra-dovish Federal Reserve Chairman Ben Bernanke and his quest for QE to infinity.According to John J Hardy, Head of FX Strategy at Saxo Bank, the Obama victory, "is more risk positive, USD negative as immediate reaction, but any further reaction in this direction could quickly fade as uncertainty over fiscal cliff settles, which would be USD positive and risk negative." - FXstreet.com
https://support.fxcc.com/email/technical/07112012/

UPCOMING EVENTS :
2012-11-07 08:15 GMT Switzerland. Consumer Price Index
2012-11-07 10:00 GMT European Monetary Union. Retail Sales
2012-11-07 15:30 GMT United States. EIA Crude Oil Stocks change
2012-11-07 21:45 GMT New Zealand. Unemployment Rate

FOREX NEWS :
2012-11-07 05:34 GMT GBP/USD advances on projected Obama victory
2012-11-07 04:46 GMT AUD/USD prints fresh 5-week highs above 1.0450
2012-11-07 04:32 GMT EUR/USD attacking 1.2880; Obama edges closer to victory
2012-11-07 03:37 GMT USD/JPY slides as election results flow in

-------------------------
EURUSD
HIGH 1.28748 LOW 1.27833 BID 1.28626 ASK 1.28632 CHANGE 0.39% TIME 07: 56 : 59

https://support.fxcc.com/email/technical/07112012/EURUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Long direction: EURUSD gained momentum on the positive side after the Obama become re-elected US President. Break out of our resistance level at 1.2875 (R1) is required to enable route towards to next suggested targets at 1.2896 (R2) and 1.2917 (R3).Short direction: Possibility of pull back is seen below the support at 1.2842 (S1). Loss here might take the pair towards to eventual targets, located at 1.2821 (S2) and 1.2799 (S3) in potential.

Resistance Levels: 1.2875, 1.2896, 1.2917
Support Levels: 1.2842, 1.2821, 1.2799

-------------------------
GBPUSD
HIGH 1.60363 LOW 1.59682 BID 1.60338 ASK 1.60345 CHANGE 0.23% TIME 07: 57: 00

https://support.fxcc.com/email/technical/07112012/GBPUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

Long direction: Intraday market sentiment is clearly Bullish. Protective measures for the upside development is seen at 1.6040 (R1). Break here would suggest next intraday targets at 1.6054 (R2) and 1.6067 (R3). Short direction: Our targets at 1.6005 (S2) and 1.5991 (S3) might be exposed if the downside extension below the support level at 1.6020(S1) occur later on today.

Resistance Levels: 1.6040, 1.6054, 1.6067
Support Levels: 1.6020, 1.6005, 1.5991

-------------------------------
USDJPY
HIGH 80.413 LOW 79.811 BID 80.112 ASK 80.116 CHANGE -0.3% TIME 07: 57: 02

https://support.fxcc.com/email/technical/07112012/USDJPY.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Long direction: Possibility to change market sentiment to positive is seen above the 20 SMA, we placed our next resistance level at 80.21 (R1). Break here is required to turn in focus higher target at 80.31 (R2) and any further increase would then be targeting to 80.40 (R3). Short direction: Technically, further market decline is more likely scenario for today while both moving averages are pointing down. Decrease below the next support level at 79.96 (S1) might enable bearish forces, targeting 79.87 (S2) and 79.78 (S3) in potential.

Resistance Levels: 80.21, 80.31, 80.40
Support Levels: 79.96, 79.87, 79.78

Source: FX Central Clearing Ltd,( Automatic forex trading | Learning Forex Trading | ECN Forex Trading Signal | FXCC (http://www.fxcc.com) )

WindsorBrokers

11-07-2012, 04:19 AM

EUR/USD

The Euro bounces strongly on dollar-negative US elections results, leaving temporary base at 1.2770 zone, with break below important 1.2800 support, proved to be false for now. With hourly bulls gaining pace and indicators well in the positive territory, 4h chart outlook shows prevailing bear-trend is now fading, but to give more credibility and confirm reversal, break above important 1.2880/1.2900 zone (previous base / daily Ichimoku cloud top / 55 day EMA / channel resistance) is required. Sustained break above 1.2900 handle, between 50 % and 61.8% of 1.3020/1.2762 descend, would avert immediate downside risk and bring the pair back to two-month range. On the downside, 1.2840/25 zone (05 Nov high / 200 day MA), offers good support, while slide below 1.2800 would signal resumption of larger downtrend from 1.3138.

Res: 1.2873, 1.2880, 1.2890, 1.2900
Sup: 1.2840, 1.2825, 1.2800, 1.2783

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20121107080307.gif

GBP/USD

Hourly structure turns positive, as the price finds footstep at 1.5956, with subsequent bounce through 1.6000 handle retracing 38.2% of 1.6174/1.5956 descend at 1.6040. As 4h studies start to point higher, break here, also 55 day EMA and regain of 1.6090, Fib 61.8% / 1.6100, round figure resistance, would confirm near-term bullish stance. Otherwise, lower boundaries of near-term range, would remain in focus. Daily structure is in neutral mode, as the price remains entrenched within 1.5900/1.6170 range, since mid-October.

Res: 1.6040, 1.6066, 1.6091, 1.6100
Sup: 1.6024, 1.6000, 1.5996, 1.5967

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20121107080237.gif

USD/JPY

Near-term price action moves in a sideways mode, as previous high at 80.67 stays intact for now and downside remains protected at 80.00 and 79.80, overnight’s spike low and 61.8% of 79.27/80.67 upleg. Hourly studies are still in the negative zone, while 4h indicators are losing traction. Regain of yesterday’s high at 80.43 to improve and shift focus higher. Conversely, losing 80.00/79.80 support zone, would revive bears and open way for stronger reversal towards Fib 38.2% of 77.94/80.67 at 79.63 and key near-term support at 79.27, 30 Oct low / 50% retracement.

Res: 80.43, 80.55, 80.67, 81.00
Sup: 80.00, 79.80, 79.63, 79.27

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20121107080157.gif

USD/CHF

The pair loses ground after unsuccessful attempt to clear 0.9430/36 barrier and fresh weakness below 0.9400 handle, as signaled by hourly RSI and MACD divergence. With hourly indicators in the negative territory and 4h ones descending from overbought area, further correction is seen likely, as the price cracks 200 day MA and daily Ichimoku cloud base, with Fibonacci supports at 0.9360 and 0.9335, seen next. Loss of 0.9300 handle, also Fib 61.8% of 0.9213/0.9454, would be bearish. On the upside, lift above initial 0.9400 barrier, is required to re-focus 0.9436/54.

Res: 0.9400, 0.9418, 0.9448, 0.9454
Sup: 0.9379, 0.9362, 0.9335, 0.9305

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20121107080134.gif

UWC Neeraj

11-07-2012, 06:44 AM

07 NOVEMBER 2012: DOLLAR FALLS ON OBAMA VICTORY

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

Securing victory in important swing states as Ohio, New Hampshire and Florida, President Obama seems to have won a clear majority and reelection in the US Presidential elections. As the results started to come in during the night, stock futures and the dollar fell against a basket of major currencies. Euro/USD which slipped to 1.2760 on Monday is up to 1.2860 in morning trade in Asia. Gold jumped 40 dollar to 1725 and benchmark treasuries rose. Also oil prices are up. NYMEX at 888 and Brent crude trading at 110,80. Asian shares rose on Obama’s reelection. The result means an end to the uncertainty which have ridden the markets for last weeks, and signals no dramatic shift in US economic policy.

Obama’s victory is in line with market’s expectations. A close race was, however, expected. The general view is that a second Democratic term under Obama would favor bonds. It is perceived that Obama favors bonds and low interest rates. The Republican challenger, Mitt Romney, is generally seen as more business friendly. As a former business executive he is seen as more supportive for equities. As results came in, US futures fell while Asian shares rose amid relief that there was a clear-cut result. The South East Asian Pacific Index, MSCI, was up 0,4 %.

The general signal coming from world markets is that the election outcome is in line with expectations. The temporary fall in the USD suggests that any precautionary positioning in USD has been premature. The Australian AXJO index rose 0,5 percent supported by overnight rise in commodities that boosted mining stocks. The Australian dollar hit a five-week high at 1.0461. Euro/USD touched a session high on 1.2876 being safely backed in the corridor between 1.28 and 1.30 which we have seen over the last five – six weeks. Analysts see Obama’s victory as a continuation of monetary quantitative easing. Active use of the printing press would put pressure on the dollar and boost bonds.

The big domestic challenge for Obama is seen to be cooperation with a Republican dominated Congress in how avert the looming “fiscal cliff” where USD 600 billion worth of spending cuts and tax increases risk pushing the economy into deep recession. Any sharp downturn in the world’s largest economy would raise concerns about demand for industrial metals. The markets first reaction has been to send commodities, oil and precious metals higher.

In Greece parliament later today is going to vote on a package of 13,5 billion Euro of spending cuts and tax hikes. These austerity measures are crucial to unlocking 31,5 billion euro in aid from global lenders to keep the debt-ridden country afloat. A negative vote is going to put the Euro under new pressure.

Copyright: United World Capital

UWC Neeraj

11-07-2012, 06:46 AM

VIDEO MARKET REVIEWS

7 November 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

7 November 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=EcBA-aNyM-E)

alayoua

11-08-2012, 03:16 AM

Daily Forex Market Analysis from FXCC Nov 08 2012

Small chance of a ECB rate cut in November; BoE might introduce additional QE

Market experts' views on the ECB and the BoE November monetary policy meetings are rather mixed, as recent economic data and the developments in the European debt crisis as well as the implications of the central banks' latest decisions leaves them with options for action this month. Almost all of the analysts contributing to the special forecast report agree that there is a very slight possibility of the ECB carrying out an interest rate cut at the upcoming meeting because, as Ilian Yotov writes, "with the OMT bond buying program plan already in place" the central bank can afford to wait for another month." Only Yohay Elam believes that "there is a good chance that the ECB will cut the rates by 0.25%" in November, in the light of "a small slide in inflation, the worsening economic situation, and fear of another credit crunch."

As far as the BoE monetary policy meeting is concerned, the experts' projections range from "it should be interesting" to "as usual, a non event." The majority believes that there is a possibility of an extension of the asset purchase program by an additional 50 billion pounds. The upcoming BoE and ECB monetary policy decisions will be announced today at 12:00 and 12:45 GMT, respectively - FXstreet.com

UPCOMING EVENTS :
2012-11-08 **:00 GMT : United Kingdom. BoE Monetary Policy Statement
2012-11-08 12:00 GMT : United Kingdom. BoE Asset Purchase Facility
2012-11-08 13:30 GMT : European Monetary Union. ECB Monetary policy statement and press conference
2012-11-08 13:30 GMT : United States. Trade Balance

FOREX NEWS :
2012-11-08 05:59 GMT : GBP/USD unchanged ahead of BoE meeting
2012-11-08 05:13 GMT : EUR/JPY still under bear pressure; risk weighs
2012-11-08 03:15 GMT : GBP/JPY breaks and holds below 128
2012-11-08 03:02 GMT : Top-heavy NZD/JPY rests around 65.30

------------------------
EURUSD
HIGH 1.27802 LOW 1.27428 BID 1.27625 ASK 1.27631 CHANGE -0.07% TIME 08 : 18 : 29

https://support.fxcc.com/email/technical/08112012/EURUSD.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Long direction: Today in focus ECB Monetary policy statement and press conference at 13:30 GMT. If the market manage to climb above the resistance level at 1.2783 (R1) we expect next target to be achieved at 1.2803 (R2) and any further rise would then be targeting to 1.2824 (R3). Short direction: The low, formed yesterday is our reference point for further downtrend formation. Decline below the support level at 1.2736 (S1) might open road towards to lower targets, located at 1.2717 (S2) and 1.2698 (S3).

Resistance Levels: 1.2783, 1.2803, 1.2824
Support Levels: 1.2736, 1.2717, 1.2698

---------------------
GBPUSD
HIGH 1.59921 LOW 1.59697 BID 1.59819 ASK 1.59826 CHANGE -0.02% TIME 08 : 18 : 30

https://support.fxcc.com/email/technical/08112012/GBPUSD.gif

OUTLOOK SUMMARY : Sideway
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Long direction: Important macroeconomic data release might push the market in any direction today as it is not stable. Next announcement in focus 12:00 GMT- BoE Asset Purchase Facility. If the pair manages to penetrate above the resistance level at 1.5994 (R1), we suggest next targets at 1.6009 (R2) and 1.6024 (R3). Short direction: We placed our next support level at 1.5963 (S1). Loss here might enable further bearish pressure and downgrade Cable towards to expected targets at 1.5949 (S2) and 1.5935 (S3).

Resistance Levels: 1.5994, 1.6009, 1.6024
Support Levels: 1.5963, 1.5949, 1.5935

------------------
USDJPY
HIGH 80.003 LOW 79.775 BID 79.905 ASK 79.908 CHANGE -0.11% TIME 08 : 18 : 31

https://support.fxcc.com/email/technical/08112012/USDJPY.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Long direction: USDJPY trades in gradual descending channel on the hourly chart. Climb above the next resistance level at 80.03 (R1) might provide market with sufficient power to attack next target at 80.11(R2) and any further rise would then be limited to 80.20 (R3). Short direction: Today instrument tested negative side and formed fresh low, which is our next support level at 79.77 (S1). Break here is required to enable next targets at 79.68 (S2) and 79.60 (S3).

Resistance Levels: 80.03, 80.11, 80.20
Support Levels: 79.77, 79.68, 79.60

Source: FX Central Clearing Ltd,( ECN Forex Trading For Beginners | Automated Forex Trading Systems | Forex Automated Trading (http://www.fxcc.com) )

UWC Neeraj

11-08-2012, 08:25 AM

08 NOVEMBER 2012: WALL STREET SINKS ON FISCAL CLIFF FEARS

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

The Dow Jones industrial lost more than 300 points in a sell-off on Wednesday one day after the reelection of president Obama. The major stock indexes were down over 2 percent in the wake of the US presidential elections as investors focus shifted to the looming “fiscal cliff” and the troubles with the Euro zone. The American indexes closed at their lowest levels since early August. The stock exchanges in Europe had experienced similar steep falls earlier on Wednesday with the debt crisis and new austerity measures in Greece back on the top of the agenda. Asian stocks also tumbled as US fiscal cliff looms.

Financial stocks and energy shares, two sectors that could face increased regulation after Barack Obama’s re-election, were hardest hit. Oil prices which started the day on a positive note fell 4 percent. Brent crude is trading at 107.80 and New York crude is back below USD 85 a barrel. After the elections considered as a major source of market uncertainty are finished, focus has turned to the “fiscal cliff”. Investors worry that if Democrats and Republicans are not able to agree on spending cuts and tax increases amounting to USD 600 billion, the overall economy will seriously suffer and derail the economic recovery.

The fall in the stock markets yesterday were spurred by comments from the President of the European Central Bank, Mario Draghi, stressing that also Germany started to feel the impact of the financial crisis. A corresponding report from the European Commission concluded that there barely would be any growth in the Euro zone next year. The reports dashed any hopes for short term improvement. Some analysts, however, saw the slide in stocks as a buying opportunity arguing that Europe’s troubles already were priced into markets. The Euro which made a strong rebound in the morning yesterday by bouncing back into the last weeks trading range between 1.28 and 1.30 versus dollar plunged hundred points and continues down in early Asian trade at 1.2750. Japanese yen is strengthened against the green back at 79,85. Precious metals have fluctuated heavily during the start of the week. After recovering from the low 1680 last week, Gold jumped to 1725 after the outcome of the elections, fell down to 1708 and is now trading at 1715.

In Athens Greek police fired teargas and water cannon at protesters hurling petrol bombs outside parliament in one of the biggest rallies in months against new austerity measures necessary to release bail-out funding from the International Monetary Fund, EU and the European Central Bank. Parliament approved the austerity measures by a razor thin margin in a heated debate into Thursday morning. The measures will make it easier to hire and fire workers. The junior ruling partner, the Democratic left, abstained, but New Democracy, the part of Prime Minister Antonis Samaras, and its Socialist Pasok allies were able to muster 153 out of 300 votes. 150 were necessary to secure the approval of spending cuts, tax hikes and weakening of labor’s rights.

Copyright: United World Capital

UWC Neeraj

11-08-2012, 08:26 AM

VIDEO MARKET REVIEWS

8 November 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

8 November 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=vORs3gYb9W8)

ForexFluke

11-08-2012, 11:59 AM

I'm looking for another testing of 1.60 in the cable. Any opinions on this?

alayoua

11-09-2012, 04:19 AM

Daily Forex Market Analysis from FXCC Nov 09 2012

ECB's Draghi: Growth momentum to remain weak in 2013

As expected, the ECB Governing Council decided to keep the main interest rate unchanged at a record low of 0.75% at their November monetary policy meeting. Speaking at the press conference following the meeting ECB head Mario Draghi commented on the considerations underlying the decision. The president suggested that inflation should stay above 2% throughout the rest of 2012 and fall below 2% in the course of of 2013, adding that “over the policy-relevant horizon, in an environment of modest growth in the euro area and well-anchored long-term inflation expectations, underlying price pressures should remain moderate.”

Mario Draghi said that growth momentum in the Eurozone would remain weak in 2013. He assured however that ECB's monetary policy was directed at stimulating growth in the area and that its readiness to activate the OMT program was boosting market confidence. He urged EU governments to continue reducing fiscal imbalances and applying structural reforms to strengthen growth potential in the area. He said that positive effects of the fiscal consolidation efforts so far could already be seen and that a quick implementation of the fiscal compact would further reassure markets - FXstreet.com
https://support.fxcc.com/email/technical/09112012/

UPCOMING EVENTS :
2012-11-09 07:00 GMT : Germany. Harmonised Index of Consumer Prices
2012-11-09 09:30 GMT : United Kingdom. Total Trade Balance
2012-11-09 14:55 GMT : United States. Reuters/Michigan Consumer Sentiment Index
2012-11-09 15:00 GMT : United States. Wholesale Inventories

FOREX NEWS :
2012-11-09 05:52 GMT : EUR/USD needs break of key fibo to resume bear's party
2012-11-09 05:27 GMT : GBP/USD finding buyers above 1.6000
2012-11-09 04:56 GMT : EUR/NZD stalling around 38.2% Fibo retrace at 1.5650
2012-11-09 03:50 GMT : AUD/CAD near 3-month highs above 1.04

--------------------------
EURUSD :
HIGH 1.279 LOW 1.27334 BID 1.27758 ASK 1.27762 CHANGE 0.23% TIME 08:18:01

https://support.fxcc.com/email/technical/09112012/EURUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Low

MARKET ANALYSIS - Intraday Analysis

Long direction: We are not expecting significant moves today however current market installation might extend its power towards to our resistance levels later on today. Our next resistance level holds at 1.2803 (R1). A break here might expose next targets 1.2828 (R2) and 1.2852 (R3). Short direction: If it fails to establish intraday positive bias we expect retest of our next support level at 1.2761 (S1). Price penetration below it might open way towards to next targets at 1.2735 (S2) and 1.2708 (S3).

Resistance Levels: 1.2803, 1.2828, 1.2852
Support Levels: 1.2761, 1.2735, 1.2708

--------------------------
GBPUSD :
HIGH 1.60192 LOW 1.59692 BID 1.60073 ASK 1.60079 CHANGE 0.16% TIME 08:18:02

https://support.fxcc.com/email/technical/09112012/GBPUSD.gif

OUTLOOK SUMMARY : Neutral
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Long direction: Technically, instrument moves without priority in direction on the hourly chart. In such situation we suggest waiting for a clear signal of market sentiment change. Possible strengthening might arise above the next resistance level at 1.6020 (R1). Next targets holds at 1.6035 (R2) and 1.6048 (R3) levels. Short direction: A break of next support level at 1.5983 (S1) might extend easing towards to expected targets at 1.5969 (S2) and 1.5955 (S3) levels.

Resistance Levels: 1.6020, 1.6034, 1.6048
Support Levels: 1.5983, 1.5969, 1.5955

------------------------
USDJPY :
HIGH 79.61 LOW 79.424 BID 79.560 ASK 79.563 CHANGE 0.11% TIME 08:18:03

https://support.fxcc.com/email/technical/09112012/USDJPY.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

Long direction: Instrument stabilized after the fresh low provided yesterday. If it manages to stay above it we expect retracement development towards to resistance level at 79.62 (R1). Clearance here would suggest next targets at 79.71 (R2) and 79.82 (R3). Short direction: Decrease below the support level at 79.45 (S1) might open route towards to next targets at 79.35 (S2) and 79.25 (S3) and extends its bearish pressure on the medium term perspective.

Resistance Levels: 79.62, 79.71, 79.82
Support Levels: 79.45, 79.35, 79.25

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

UWC Neeraj

11-09-2012, 04:31 AM

09 NOVEMBER 2012: GLOBAL MARKETS DOWN ON NEW UNCERTAINTIES

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

Stocks fell in Europe, the United States and in morning trade in Asia and could be in line for more weakness as worries about Washington’s ability to find a timely solution to the “fiscal cliff” continue to dominate investor thinking. Along with new fears on how the Euro zone shall tackle its debt problems, global markets are set for a dumpy ride for the end of the year. As stock markets fall the Euro is under renewed pressure and trades at a two-month low. In spite of the Greek Parliament’s approval of new austerity measures yesterday, Greek bail-out funds are kept on hold. The German Minister of Finance stated that the approval of the austerity package was not enough to keep Greece in the Euro.

McDonald’s shares fell 2 percent after the world’ largest hamburger chain reported its first monthly drop in global sales since 2003. Another heavy weight, Apple, fell 3,6 % and is down 20 percent from its all-time high of USD 705 a share in September. The leading chips supplier, Qualcomm, was the exception gaining 4,4 percent on an otherwise dark session. Investors worry that if no deal is reached in Congress over some 600 billion in spending cuts and tax increases, the slow recovery seen will be reversed. A comprehensive agreement to avoid the “fiscal cliff” still seems possible. A more likely scenario is for political leaders to find a temporary fix to buy time until the new Congress and Obama are sworn in early next year. The prospect of haggling over the budget has deepened investors’ uncertainty and tends to explain market’s reactions over the last days.

The Euro was furtherly undermined after the European Central Bank, ECB, as expected kept rates on hold yesterday. The President of ECB, Mario Draghi, sounded downbeat on the euro zone economy and stated that he was ready to start new purchases of bond. Faced with overwhelming problems European leaders once again seem to be mostly occupied by buying time. This creates downside risks for the Euro which is likely for a new test of bottom levels between 1.20 and 1.25 seen some months ago. The announcement of European bond buying and expectations for continued monetary easing in Obama’s second term has strengthened gold which has jumped more than 50 dollars since the beginning of the week, trading at 1735.

Oil prices have stabilized and copper is up. Brent crude is at 107,58. China presented lower than expected inflation figures and other data that indicates a slow turn around in Chinese economy. The Chinese Communist party congress is simultaneously electing a new leadership, securing a smooth transition to a younger generation of leaders who will be faced with corruption, economic and political reforms as their major challenges.

Copyright: United World Capital

UWC Neeraj

11-09-2012, 04:35 AM

VIDEO MARKET REVIEWS

9 November 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

9 November 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=Xob-VySmWzM)

alayoua

11-12-2012, 02:35 AM

Daily Forex Analysis from FXCC Nov 12 2012

Greece passes 2013 budget bill

After holding a vote on its 2013 national budget, the Greek government has passed the bill, one that includes additional cuts touching the most controversial areas of pensions, salaries and benefits. The reaction by the markets has been very subdued, with Euro ticking marginally higher. At present, worries are far greater on the prospects of Greece facing a default scenario this week, something that renowned papers like the Financial Times highlight on its front-cover. Greece should find a way to raise as much as €5bn in order to avoid default in a coupon of debt maturity, with the Troika and European paymasters, including Germany, still stuck in an impasse as to how to ease the country's debt burden, and with authorities still in disagreement over providing Greece the next aid tranche worth over €31.5 billion.

For the short term, the Financial Times reports in a weekend article that "the country’s debt management office has announced plans to cover the full amount through a treasury bill auction on Tuesday, but Greek banks expected to buy the issue can only raise about €3.5bn of collateral acceptable to the ECB, according to two senior Athens bankers" the paper reports. It is thought that in case of a shortfall in the capital raised, Greece will have to tap funds from a reserve for bank recapitalisation held by the Hellenic Financial Stability Fund, worth over €3 billion, as option of last resort-FXstreet.com
https://support.fxcc.com/email/technical/12112012/

UPCOMING EVENTS :
2012-11-12 **:** GMT : European Monetary Union. Eurogrup meeting
2012-11-12 06:00 GMT : Japan. Machine Tool Orders
2012-11-12 21:45 GMT : New Zealand. Food Price Index

FOREX NEWS :
2012-11-12 05:15 GMT : GBP/USD stands at 1.59, above 200 DMA
2012-11-12 05:15 GMT : EUR/GBP waiting for Eurogroup Meeting, flat at 0.8 round
2012-11-12 04:12 GMT : USD/JPY may test 79.70-80.00 - BBH

----------------------------
EURUSD :
HIGH 1.27365 LOW 1.27095 BID 1.27289 ASK 1.27294 CHANGE 0.15% TIME 08 : 19 : 31

https://support.fxcc.com/email/technical/12112012/EURUSD.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Long direction: Fresh cross of moving averages might be a signal of possible correction ahead. Next resistance level is in focus at 1.2740 (R1). Rise above it would then be targeting to 1.2769 (R2) and 1.2797 (R3) in perspective. Short direction: Though, EURUSD might spend most of the day in a narrow range amid limited tier-one data flow. Our downside targets at 1.2679 (S2) and 1.2648 (S3) might expose if the downside extension below the support level at 1.2708 (S1) occur later on today

Resistance Levels: 1.2740, 1.2769, 1.2797
Support Levels: 1.2708, 1.2679, 1.2648

------------------------------
GBPUSD :
HIGH 1.59124 LOW 1.5891 BID 1.59099 ASK 1.59102 CHANGE 0.11% TIME 08 :19 : 32

https://support.fxcc.com/email/technical/12112012/GBPUSD.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Low

Long direction: The low from 08-11-2012 at 1.5928 (S1) is acting now as key resistance level for upside formation. If the price manages to break it, we expect retracement development with next targets in focus 1.5955 (R2) and 1.5982 (R3). Short direction: Risks of further depreciation is seen below the support at 1.5886 (S1). Break through here might take the pair towards to eventual targets located at 1.5861 (S2) and 1.5836 (S3) in potential.

Resistance Levels: 1.5928, 1.5955, 1.5982
Support Levels: 1.5886, 1.5861, 1.5836

-------------------------------------
USDJPY :
HIGH 79.563 LOW 79.401 BID 79.480 ASK 79.483 CHANGE 0.02% TIME 08 :19 : 33

https://support.fxcc.com/email/technical/12112012/USDJPY.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Low

Long direction: Instrument trades in narrow range on the short term perspective. Clearance of next resistance level 79.57 (R1) might determine positive bias for the day and suggest next targets at 79.68 (R2) and 79.79 (R3). Short direction: On the longer term, tendency on USDJPY remains negative and current stabilization might be considered as a part of correction. If the market manage to break next support level at 79.35 (S1), we expect exposure of targets at 79.25 (S2) and 79.15 (S3) in potential.

Resistance Levels: 79.57, 79.68, 79.79
Support Levels: 79.35, 79.25, 79.15

Source: FX Central Clearing Ltd,( Best Forex Trading Software | ECN Forex News Trading | Forex Options Trading | FXCC (http://www.fxcc.com) )

UWC Neeraj

11-12-2012, 05:39 AM

12 NOVEMBER 2012: FEAR OF “FISCAL CLIFF” DOMINATES MARKETS

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

By demanding higher taxes for the rich as a condition for any budget agreement with the Republicans, President Barack Obama, has opened the fiscal battle that is going to dominate the first months of his second term. Strengthened by the elections Obama has invited Republican leaders to a first round of high-stakes negotiations to prevent the fiscal cliff – a mix of $ 600 billion in spending cuts and tax rises that will go into effect next year unless a deal is reached by 31st December. In spite of some more optimistic signals markets seem to have built in prospects for a no-deal. Combined with technical analysis the development points towards a substantial correction in shares and the security markets in the coming months.

Talks to prevent that scenario, which could tip the US into recession and have disastrous effects on the global economy, were put on ice during the election campaign. Sticking to his principle stand that individuals like himself with an annual income of more than $ 500 000, must take their fair share Obama has kept the door open for details in a compromise package that can open for new ideas. A senior Republican Senator voiced Sunday support for the idea that increased tax revenues from wealthier Americans ought to be a part of a compromise to avoid falling over the “fiscal cliff”.

Global markets are watching Washington’s steps with increased worries. The Asian markets continued to fall in to-day’s morning trade in spite of a smooth Chinese leadership transition and better industrial production, investment figures and retail sales coming out of China for October. The Chinese authorities also seem to have inflation under better control, and the GDP for 2012 seems to end around the predicted 7,6 percent. A shrinkage in the Japanese in last quarter with 0,9 % also weighed in on investor’s sentiment in Asia. The contraction suggested faltering global demand and weaker consumer spending, and might push the world’s third largest economy into mild recession.

The Greek parliament which last Thursday approved new austerity measures, adopted yesterday night a new tough budget for 2013. European Finance ministers are meeting in Brussels to-day to discuss unfreezing of lending to Greece. There is no agreement within the Euro zone on how to make the debt sustainable. It seems, however, that Athens will be given two more years to cut its debt. Greece’s adoption of a new budget has for now stopped the free fall of the Euro. Euro/USD is trading 0,2 % up at 1.2730. USD is gaining against JPY at 79,485, but is weaker towards Australian dollar, the New Zealand KIWI, Swedish and Norwegian krones. Oil prices have stabilized with Brent trading above 109. Gold and silver, the big winners last week, continue slightly up with Gold at 1735 and Silver 32,62.

Copyright: United World Capital

UWC Neeraj

11-12-2012, 05:43 AM

VIDEO MARKET REVIEWS

12 November 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

12 November 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=H0xS4Am9U8w)

WindsorBrokers

11-13-2012, 05:03 AM

EUR/USD

The pair remains under pressure as slide below 1.2700 figure, posting fresh low in European session. Overall negative picture sees 1.2606, 50% of 1.2042/1.3170 rally in near-term focus, with any bounce seen as corrective, with immediate resistance at 1.2700 and more significant 1.2738/50, yesterday’s high / Fib 38.2% of 1.2875/1.2672 descend. Only penetration through 1.2790/1.2800, would delay bears in favor of stronger correction.

Res: 1.2700, 1.2738, 1.2750, 1.2774
Sup: 1.2660, 1.2606, 1.2588, 1.2558

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20121113091330.gif

GBP/USD

Break below strong support at 1.5900 zone, Fibonacci support / daily Ichimoku cloud base, opens way for fresh weakness, with fresh slide approaching 200 day MA at 1.5848. Consolidative / corrective action above here is likely as 4h studies are extended, while hourly MACD shows bullish divergence. Immediate barriers lie at 1.5900/20 zone, round figure / yesterday’s high / Fib 38.2% of 1.6018/1.5857 decline, while regain of 1.5950/60 would avert immediate downside risk. On the other side, break below 200 day MA, to expose 1.5800, round figure and 1.5787, 50% of 1.5267/1.6308 rally.

Res: 1.5914, 1.5914, 1.5928, 1.5950
Sup: 1.5857, 1.5848, 1.5800, 1.5787

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20121113091312.gif

USD/JPY

The pair remains in a narrow consolidative range above 79.00 handle, following repeated Doji. However, the downside remains in focus, as the price action was capped by descending 20 day EMA at 79.63 and near-term studies hold negative tone. Penetration through 80.00 is required to shift focus higher, otherwise, violation of 79.00 support zone would signal fresh extension of downmove from 80.67 and expose 78.50, Fibonacci support.

Res: 79.51, 79.63, 79.75, 79.87
Sup: 79.21, 79.06, 79.00, 78.75

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20121113091248.gif

USD/CHF

The pair cracks our target and barrier at 0.9500, to signals continuation of uptrend from 0.9213. Sustained break here to face initial barrier at 0.9524, 90 day MA, ahead of more significant 0.9591/0.9600, 50% of 0.9970/0.9213 / round figure and next upside target. Yesterday’s higher platform at 0.9460/70 zone, along with 20 day EMA, offers initial support.

Res: 0.9504, 0.9524, 0.9550, 0.9591
Sup: 0.9489, 0.9466, 0.9450, 0.9427

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20121113091228.gif

alayoua

11-13-2012, 05:13 AM

Daily Forex Analysis from FXCC Nov 13 2012

U.S. ‘Fiscal Cliff’ likely to rock USD – Goldman Sachs

Looking ahead to December 31, 2012 and January 1, 2013, Goldman Sachs’ Global FX Monthy Analyst, says the upcoming U.S. ‘fiscal cliff’ episode has noteworthy potential to boost USD initially, followed by a sharp USD sell-off. Goldman Sachs explains: “The logic of this price action closely follows the pattern of markets temporarily losing confidence in the ability of polarised policymakers to compromise. During this period it may look as if the ‘fiscal cliff’ is becoming reality and that the economy could face a negative fiscal shock of up to 5% of GDP. The temporary negative response in cyclical assets would likely also trigger a broader USD rally.” Goldman Sachs continues: “After that, when policymakers do find a compromise, possibly helped by the market concerns reflected in cyclical asset weakness, risk sentiment could improve rapidly and the USD would weaken again.”

Busy day ahead for the London session A bunch of data releases will keep traders glued to the wires today. The show starts with French jobs data and current account at 07:45 GMT, followed 15 minutes later by Spanish CPI, Italian CPI at 09:00 GMT, and the highly followed German ZEW at 10:00 GMT, while the ECOFIN meeting, held in Brussels, will take place all day long. Bank of Portugal will also release its Autumn economic bulletin, with CPI figures for Portugal at 10:00 GMT. At 14:30 GMT Greek FinMin Stournaras will speak to EU lawmakers, while EU managing director of the Institute of International Finance Dallara will hold talks with senior government officials and private sector leaders regarding Greece and the Euro Area. In the sovereign debt auctions front, Italy will deliver 12 month bills, with 10 year bond yields standing barely above 5.03%, steady around the 5% figure for last 2 months, while Greece will try to sell 13-weeks T-Bill, as mentioned above.

2012-11-13 **:** GMT : United Kingdom. BOE Inflation Letter
2012-11-13 09:30 GMT : United Kingdom. Consumer Price Index
2012-11-13 10:00 GMT : Germany. ZEW Survey - Economic Sentiment
2012-11-13 19:00 GMT : United States. Monthly Budget Statement

2012-11-13 05:52 GMT : GBP/USD weakens ahead of UK CPI
2012-11-13 05:02 GMT : GBP/JPY cracks 126.00 to multi-week lows
2012-11-13 04:05 GMT : AUD/NZD prints inside day pin at 200 EMA
2012-11-13 03:08 GMT : USD/JPY pressured as risk wanes

----------------------
EURUSD :
HIGH 1.27098 LOW 1.26731 BID 1.26854 ASK 1.26859 CHANGE -0.18% TIME 08 : 31: 38

https://support.fxcc.com/email/technical/13112012/EURUSD.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: We expect busy session ahead. Yesterday low is acting now as key resistance level at 1.2698 (R1). Appreciation above it might enable next targets at 1.2722 (R2) and 1.2746 (R3) in potential. Downwards scenario: Medium term bias remains negative as both moving averages are pointing down. We expect retest of our support at 1.2672 (S1). Easing below it would suggest next targets at 1.2648 (S2) and 1.2624 (S3) in potential.

Resistance Levels: 1.2698, 1.2722, 1.2746
Support Levels: 1.2672, 1.2648, 1.2624

----------------------
GBPUSD :
HIGH 1.58776 LOW 1.58577 BID 1.58683 ASK 1.58691 CHANGE -0.05% TIME 08 : 31: 39

https://support.fxcc.com/email/technical/13112012/GBPUSD.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

Upwards scenario: Instrument gained momentum on the negative side, though we expect formation of retracement ahead. Progress above the resistance level at 1.5888 (R1) would suggest next targets at 1.5911 (R2) and 1.5933 (R3) in potential. Downwards scenario: Immediate focus comes on our next support level at 1.5856 (S1). Price penetration below it might open way towards to next targets at 1.5834 (S2) and 1.5811(S3).

Resistance Levels: 1.5888, 1.5911, 1.5933
Support Levels: 1.5856, 1.5834, 1.5811

----------------------
USDJPY :
HIGH 79.641 LOW 79.226 BID 79.292 ASK 79.293 CHANGE -0.25% TIME 08:31:40

https://support.fxcc.com/email/technical/13112012/USDJPY.gif

OUTLOOK SUMMARY : Neutral
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

Upwards scenario: Neutral hourly studies point towards further consolidation, with a break required to spark stronger upside action. Our next resistance level is placed at 79.36 (R1). Break above it might open initial targets at 79.44 (R2) and 79.54 (R3) in potential. Downwards scenario: Fresh low offers initial support level at 79.22 (S1), possible pushdown of the price below it would suggest next targets at 79.13 (S2) and 79.05 (S3).

Resistance Levels: 79.36, 79.44, 79.54
Support Levels: 79.22, 79.13, 79.05

Source: FX Central Clearing Ltd,( forex trading brokers | automated forex trading system | forex trading for dummies | FXCC (http://www.fxcc.com) )

UWC Neeraj

11-13-2012, 05:32 AM

13 NOVEMBER 2012: EURO HITS 2-MONTH LOW ON GREECE

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

The Euro dipped to a two-month low against the dollar. Euro/USD is trading at 1.2680 after Euro zone leaders and the International Monetary Fund, IMF, yesterday failed to agree on a long-term plan to reduce Greece’s debt. This has further delayed the disbursement of immediate aid to Athens. The Greek government is said to be running out of funds during this month. In an effort to secure new emergency funding the Greek parliament last Thursday approved new extensive austerity measures. On Sunday the Greek parliament adopted a strict austerity budget for 2013 seemingly to no avail.

Uncertainty over as well short-term financing and long term debt reduction has made the Euro tumble. After stabilizing inside a corridor between 1.28 and 1.30 for weeks, the Euro seems again in free fall. There is little chance that the Euro zone will desert Greece, but investors are frustrated by the lack of clarity. With no emergency funding in place, Greece plans to sell treasury bills during this week to refinance a 5 billion Euro issue maturing on Friday. The outcome of this auction is in the blue. Concerns on Greece’s ability to refinance would for sure put the Euro under new pressure. The Euro has been constantly falling since it peaked at 1.3140 in mid-October as the euphoria over the European Central Bank scheme to buy government bonds to help support Spain’s debt burden faded.

The European ministers agreed yesterday to grant Greece two more years to reach its budget target, but disagreed over who should shoulder the additional 33 billion Euro cost. Both Germany and Finland have to go back to their parliaments for final approval. The dollar index a measure of the dollar against six major currencies rose to its highest level since early September. Uncertainties on how US lawmakers shall tackle the “fiscal cliff” of spending cuts and higher tax rates may, however, come back and haunt the dollar. With the dollar also under pressure, JPY will again appear as a “safe haven” among currencies. USD/JPY is trading at 79,285.

Oil prices are under new downward pressure. Brent crude is tipping below USD 109 a barrel. New forecasts from IEA, The international Energy agency, IEA, is predicting that the United States would pass Saudi Arabia as an oil exporter by 2015 and become a net exporter of energy by 2020. Precious metals fell back yesterday consolidating heavy gains from last week-lows. Gold is at USD 1725 and Silver trades at 32.40.

Copyright: United World Capital

UWC Neeraj

11-13-2012, 05:32 AM

VIDEO MARKET REVIEWS

13 November 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

13 November 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=K7lyWxxGZlg)

alayoua

11-14-2012, 05:05 AM

Daily Forex Analysis from FXCC Nov 14 2012

Bild story on bundled aid payment for Greece boosts sentiment.

German newspaper Bild Zeitung published an article in which it claims that the Berlin is preparing a 44 billion euro aid payment for Greece, combined from three pending bailout tranches. When asked about the report, German Finance Minister's spokeswoman said that no decision has been taken on the Greek bailout. “Color me skeptical”, writes Mark Chandler, Global Head of Currency Strategy for BBH. “To give Greece such a large sum at once is counter to the underlying strategy of doling out the aid in tranches to provide assurances of compliance. This is tantamount to unilateral disarmament by the creditors. Second, three euro area members require parliamentary approval, Germany, Finland and the Netherlands. It it unlikely to receive support.” The Bild report boosted sentiment and the Euro rebounded off a two-month low against the greenback.

The Greek Public Debt Management Agency held a bond auction on Tuesday in order to roll over 5 billion euros of debt maturing on November 16. It sold 4.062 billion euros worth of 1-month and 3-month T-bills and the total amount should reach 5 billion if all non-competitive bids are included. 1-month T-bills were sold at an average yield of 3.95%, while 3-month T-bills yielded 4.2%, compared to 4.24% seen in October. The auction was given the green light by the ECB which had to raise the ceiling on the amount of T-bills so that Athens would be able to continue refinancing short-term debt -FXstreet.com
https://support.fxcc.com/email/technical/14112012/

UPCOMING EVENTS :
2012-11-14 09:30 GMT : United Kingdom. ILO Unemployment Rate
2012-11-14 10:30 GMT : United Kingdom. BoE's Governor King Speech
2012-11-14 13:30 GMT : United States. Retail Sales
2012-11-14 19:00 GMT : United States. FOMC Minutes

FOREX NEWS :
2012-11-14 04:03 GMT : Outlook bullish on EUR/USD – Goldman Sachs
2012-11-14 03:19 GMT : AUD/NZD limited below 1.2800, 61.8% Fibo
2012-11-14 02:31 GMT : GBP/JPY back above 126.00; Regional bourses support
2012-11-14 01:08 GMT : AUD/JPY capped below 1H 200 SMA

EURUSD :
HIGH 1.27287 LOW 1.27001 BID 1.27216 ASK 1.27219 CHANGE 0.14% TIME 08 : 03 : 01

https://support.fxcc.com/email/technical/14112012/EURUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Pair has settled negative bias on the hourly timeframe but recently moved in sideways mode. Above the fresh high at 1.2730 (R1) is possible retracement development. Violation here might expose next targets at 1.2746 (R2) and 1.2763 (R3). Downwards scenario: Loss of next support at 1.2703 (S1) might drive market price towards to the next targets at 1.2684 (S2) and 1.2666 (S3).

Resistance Levels: 1.2730, 1.2746, 1.2763
Support Levels: 1.2703, 1.2684, 1.2666

-------------------------
GBPUSD :
HIGH 1.58923 LOW 1.58663 BID 1.58917 ASK 1.58920 CHANGE 0.13% TIME 08 : 03 : 02

https://support.fxcc.com/email/technical/14112012/GBPUSD.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: GBPUSD trades in positive tone on the short term perspective. Successful penetration above the resistance at 1.5900 (R1) might provide sufficient space for the price increase towards to our targets at 1.5915 (R2) and 1.5931 (R3). Downwards scenario: Medium term bias remains negative on the hourly chart. If the pair extend its bearish pressure below the next support level at 1.5866 (S1), we suggest next targets at 1.5849 (S2) and 1.5830 (S3).

Resistance Levels: 1.5900, 1.5915, 1.5931
Support Levels: 1.5866, 1.5849, 1.5830

------------------------------
USDJPY :
HIGH 79.573 LOW 79.385 BID 79.565 ASK 79.566 CHANGE 0.23% TIME 08 : 03 : 02

https://support.fxcc.com/email/technical/14112012/USDJPY.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: USDJPY gained momentum on the positive side today and determined positive bias for the remaining day. We expect some consolidation ahead, though If the market manages to climb above the resistance level at 79.83 (R1) we suggest next targets at 79.92 (R2) and 80.02 (R3) in potential.Downwards scenario: Yesterday high is acting now as key support level at 79.64 (S1), clearance here is required to attack lower targets at 79.53 (S2) and 79.43 (S3).

Resistance Levels: 79.83, 79.92, 80.02
Support Levels: 79.64, 79.53, 79.43

Source: FX Central Clearing Ltd,( forex trading news | forex trading secrets | forex trading tools | FXCC (http://www.fxcc.com) )

UWC Neeraj

11-14-2012, 05:17 AM

14 NOVEMBER 2012: HOME DEPOT AND CISCO WINNERS ON FLAT EXCHANGE

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

Microsoft, Caterpillar and IBM were the big losers when stocks were sold off late in the session in New York last night. Retailers were the bright spot when Home Depot raised its outlook. Cisco which presented results after the closing bell, rose 6,8 percent after reporting revenues and earnings that beat analysts’ estimates. Home Depot, a home retail supplier, hit share prices levels not seen since April 2000, confirming greater optimism in the housing sector.

Concerns about the looming “fiscal cliff” kept investor activity subdued as lawmakers returned to Washington after November 6 elections. The markets are grappling with how a divided Congress will deal with a series of mandated tax hikes and spending cuts that will come into effect next year and threaten to take the largest world economy back into recession. Lawmakers were met by news that the US budget deficit continue to raise. The US Treasury said yesterday that October deficit was USD 120 billion larger than economists’ forecasts for a $ 114 million gap and up from $ 98 billion in October 2011. Growth in expenditures far outpaced rising receipts.

Asian shares and the Euro steadied on Wednesday morning, but lacked impetus for a decisive rebound threatened by the “fiscal cliff” and a delay in releasing more aid to debt-stricken Greece. The Euro/USD rebound from 1.260 on Tuesday and trades at 1.2720. USD/JPY stabilized around 79,50. MSCI’s broadest index of Asia Pacific shares outside Japan rose 0,3 percent after falling to a seven-week low in the previous session. Tokyo’s Nikkei edged up 0,1 percent after seven straight days in the red.

Copyright: United World Capital

UWC Neeraj

11-14-2012, 05:22 AM

VIDEO MARKET REVIEWS

14 November 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

14 November 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=INutqjE_oKY)

alayoua

11-15-2012, 05:19 AM

Daily Forex Analysis from FXCC Nov 15 2012

EU's Rehn: Spain has taken effective action on budget deficits in 2012 and 2013

EU Economic and Monetary Affairs Commissioner Olli Rehn made a statement on Spain on Wednesday, regarding the country's deficit moves. According to the European Commission's assessment the Spanish government has taken effective action for 2012, 2013 as far as restoring sustainability of public finances is concerned. Nevertheless, it would fail to meet the deficit target for 2014.

Mr Rehn declared that Spain currently does not need additional measures and that the progress of its budget consolidation will be evaluated once again by the EU in February, by which time it might be necessary to introduce further measures. He added that he does not see the need for Rajoy's government making a bailout request in the nearest future. The EU Economic and Monetary Affairs Commissioner also acknowledged that Spain is currently undergoing difficult rebalancing of the economy and that its government and people are making great efforts to assure sustainability of the country’s finances.
https://support.fxcc.com/email/technical/15112012/

UPCOMING EVENTS :
2012-11-15 09:00 GMT : Italy. Gross Domestic Product(Preliminar)
2012-11-15 09:30 GMT : United Kingdom. Retail Sales
2012-11-15 10:00 GMT : E.M.U. Gross Domestic Product (Preliminar)
2012-11-15 13:30 GMT : United States. Consumer Price Index Ex Food & Energy

FOREX NEWS :
2012-11-15 04:15 GMT : AUD/USD stalls the dive helped by 1.0350 bids
2012-11-15 04:03 GMT : Short AUD/CAD; target the 1.01 area - Westpac
2012-11-15 03:36 GMT : GBP/AUD offered below 50% Fibo
2012-11-15 00:51 GMT : EUR/USD: Hourly pin forms off 200 EMA; bears encouraged

------------------------
EURUSD :
HIGH 1.2753 LOW 1.27174 BID 1.27473 ASK 1.27476 CHANGE 0.09% TIME 08:03:46

https://support.fxcc.com/email/technical/15112012/EURUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Current market installation might suggest us about the uptrend formation on the hourly timeframe. Break of 1.2758 (R1) is required for attack to the next target at 1.2772 (R2). Final resistance could be found at 1.2787 (R3) today. Downwards scenario: Risk of further market depreciation is seen below the next support level at 1.2730 (S1). Loss here would suggest intraday targets at 1.2715 (S2) and 1.2700 (S3).

Resistance Levels: 1.2758, 1.2772, 1.2787
Support Levels: 1.2730, 1.2715, 1.2700

-----------------------------------
GBPUSD :
HIGH 1.58552 LOW 1.58361 BID 1.58519 ASK 1.58523 CHANGE 0.07% TIME 08:03:47

https://support.fxcc.com/email/technical/15112012/GBPUSD.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

Upwards scenario: Our next resistance level locates at 1.5859 (R1). If market gains momentum and manage to overcome it, we expect further deviation from the initial downtrend towards to next targets at 1.5877 (R2) and 1.5894 (R3). Downwards scenario: Risk of market weakening is seen below the fresh low at 1.5834 (S1). Loss here would enable bearish forces and might expose our targets at 1.5815 (S2) and 1.5796 (S3).

Resistance Levels: 1.5859, 1.5877, 1.5894
Support Levels: 1.5834, 1.5815, 1.5796

--------------------------
USDJPY :
HIGH 80.943 LOW 80.125 BID 80.931 ASK 80.933 CHANGE 0.85% TIME 08:03:48

https://support.fxcc.com/email/technical/15112012/USDJPY.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: USDJPY appreciated by 0.85% today and determined clear bullish market sentiment. Our key resistance level locates at fresh high – 80.96 (R1), clearance here would suggest higher targets at 81.10 (R2) and 81.25 (R3) intraday. Downwards scenario: Risk of correction is seen below the next support level at 80.61 (S1), break here is required to enable lower targets at 80.47 (S2) and 80.32 (S3).

Resistance Levels: 80.96, 81.10, 81.25
Support Levels: 80.61, 80.47, 80.32

Source: FX Central Clearing Ltd,( ECN Forex Account | Forex Managed Account | Managed Forex Account | FXCC (http://www.fxcc.com) )

UWC Neeraj

11-15-2012, 06:30 AM

15 NOVEMBER 2012: OIL PRICES JUMP ON GAZA TENSION

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

Oil prices jumped one and half dollar yesterday on increased violence in the Middle East. Brent crude trading at 109,75. The Head of the military arm of the Hamas Palestinian authority in Gaza was killed along with 10 others in Israeli missile strikes. The new unrest in the region which comes on the top of the Syrian conflict and Iranian-Western tensions on Iran’s nuclear program added to selling pressure on Wall Street. Both Nasdaq and Dow Jones fell substantially. Hardest hit was Bank of America, General Electric, Boeing and Caterpillar. Facebook stock jumped 12,6 percent as a share lock-up expires. Facebook has fallen more than 50 % percent since the IPO introduction.

In his first press conference after reelection president Barack Obama outlined a compromise on debt/taxes, a new immigration law and renew focus on climate as his immediate priorities. By pledging to raise taxes on the wealthy, Obama set up a drawn-out fight over the fiscal cliff, budget cuts combined with tax hikes. The deadline for reaching a deal between Republicans and Democrats Congress is set to 31st December. With talks over solving the “fiscal cliff” in early stages, investors are reacting to the uncertainty by shedding positions. This points towards a last minute cliffhanger solution. In the meantime the market is going to get punched every day as experienced on Wall Street yesterday.

Without a deal a series of mandated tax hikes and spending cuts will start to take effect early next year. That could push the US economy into recession. Taxes on capital gains and dividends might rise as party of the negotiations. This shall probably push investors to sell in 2012 to pay lower taxes on their gains. Uncertainty inside the Euro zone with the bail-out tranches for Greece still in the air, add to the downside pressure in the equity markets. With the whole Middle Eastern region in deep problems with the Palestinian – Israeli conflict flaring up again, market sentiments remain subdued. Israel is threatening an invasion of Gaza as a following up of the killings. Egypt has recalled its ambassador from Israel in response.

Xi Jinping was yesterday elected new party chief of the Chinese Communist party and received a strong mandate to deal with problems ranging from corruption to economic uncertainty. Asian stocks fell as investors reacted to drawn-out negotiations the “fiscal cliff”. Japanese equities bucked the trend as a sharp slide in the Yen lifted exporters’ shares. The MSCI index fell 0,9 % as did the indexes in Australia and Hong Kong. Copper is weaker and precious metals stabile. Gold at 1725 and Silver at 32,60.

Copyright: United World Capital

UWC Neeraj

11-15-2012, 06:31 AM

VIDEO MARKET REVIEWS

15 November 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

15 November 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=UTPgJUIydpw)

alayoua

11-16-2012, 03:07 AM

Daily Forex Analysis from FXCC Nov 16 2012

Eurozone officially in recession

Third quarter GDP data for the Eurozone published yesterday revealed that the area has once again slipped into recession. According to Eurostat Q3 GDP was down by 0.1%, which is the second consecutive quarterly decline. Only the German and French economies expanded, both by 0.2%. Martin van Vliet from ING comments: “GDP figures clearly demonstrate that the Eurozone economy as a whole is in desperate need of macroeconomic stimulus. With policymakers seemingly reluctant to engineer a coordinated pull-back from fiscal austerity, more monetary stimulus and a weaker currency is likely to be needed to put Eurozone back on a path of sustained growth.”

ECB Governing Council member Luc Coene declared in the European morning that Spain should urgently seek EU aid. European Commissioner for Economic and Monetary Affairs Olli Rehn, who spoke later in the day, assured that the solution to the Greek problem requires a combination of measures, providing the principal amount of its debt does not change.-FXstreet.com
https://support.fxcc.com/email/technical/16112012/

UPCOMING EVENTS :
2012-11-16 10:00 GMT : E. M. U. Trade Balance
2012-11-16 14:00 GMT : United States. Net Long-Term TIC Flows
2012-11-16 14:15 GMT : United States. Industrial Production
2012-11-16 20:45 GMT : United States. Fed's Lockhart speech

UPCOMING EVENTS :
2012-11-16 04:31 GMT : GBP/AUD flat around 1.5350; with bullish scope?
2012-11-16 04:28 GMT : AUD/CAD looking more bearish if below 1.0290
2012-11-16 04:06 GMT : USD/JPY consolidation likely next week - Nomura
2012-11-16 01:31 GMT : EUR/USD bears cap rebound at 1.28

EURUSD :
HIGH 1.27845 LOW 1.27645 BID 1.27681 ASK 1.27688 CHANGE -0.09% TIME 08:03:35

https://support.fxcc.com/email/technical/16112012/EURUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: We expect resuming of the uptrend formation if the price manages to overcome next resistance level at 1.2786 (R1). Immediate focus comes on 1.2800 (R1) and 1.2814 (r3) in such scenario. Downwards scenario: Price decline below the next support levels at 1.2759 (S1) might trigger bearish pressure and enable next target at 1.2745 (S2). Further correction development might face final support level at 1.2732 (S3).

Resistance Levels: 1.2786, 1.2800, 1.2814
Support Levels: 1.2759, 1.2745, 1.2732

-----------------
GBPUSD :
HIGH 1.58665 LOW 1.58569 BID 1.58597 ASK 1.58604 CHANGE -0.03% TIME 08:03:36

https://support.fxcc.com/email/technical/16112012/GBPUSD.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: A medium-term bias is negative now though intraday bullish forces might be activated if the pair penetrates above the resistance level at 1.5868 (R1). Next immediate resistance levels holds at 1.5884 (R2) and 1.5899 (R3). Downwards scenario: Downside direction is limited by next support level at 1.5841 (S1), price decrease below it would be targeting next supports at 1.5826 (S2) and 1.5810 (S3).

Resistance Levels: 1.5868, 1.5884, 1.5899
Support Levels: 1.5841, 1.5826, 1.5810

------------------------
USDJPY :
HIGH 81.268 LOW 80.973 BID 81.010 ASK 81.013 CHANGE -0.19% TIME 08:03:38

https://support.fxcc.com/email/technical/16112012/USDJPY.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: While instrument trades below the resistance level at 81.28 (R1), market would try to form correction. Break above it is required to attack the upside target at 81.50 (R2) and 81.70 (R3) in potential. Downwards scenario: If price would manage to overcome our support at 80.92 (S1) we suggest next targets at 80.70 (S2) and 80.46 (S3).

Resistance Levels: 81.28, 81.50, 81.70
Support Levels: 80.92, 80.70, 80.46

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

UWC Neeraj

11-16-2012, 05:30 AM

16 NOVEMBER 2012: BEAR MOOD DO NOT RECEDE

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

The American indexes once again finished trading session in a red zone. Frankly speaking, we have seen so much negative information yesterday that it was possible to expect even more considerable falling. The main headache for investors still is a fiscal cliff.

Today the president of the United States will meet congressmen, and in common they will try to find a way out of current situation. Might be markets will get an occasion to grow up following the results of a meeting. However yesterday’s fears were not limited only to a general picture in the markets. Right after an election of the president in the United States statistics started to spoil. Yesterday was presented very bad data on a primary requests for an unemployment benefit in the USA. Growth of requests made 78 thousand, even slightly more than 20 thousand were expected, the total number of requests made 439 thousand. It is a lot, and raises a reasonable question that so strongly changed in the employment market literally for few weeks.

Besides macroeconomic data there was a weak reporting from Wal-Mart. Business of the largest retailer, many investors consider, as an advancing indicator. Nevertheless, despite this negative, the American markets lost within only 0,2-0,3%.

The trading in the commodities market is stable; Brent grows to 108.1 dollars for barrel, NYMEX decreases to 85.6 dollars for barrel. A favorable factor for growth of the oil prices is the statistics which came yesterday on the fuel market in the USA: so, stocks of crude oil grew to 1.09 million barrels contrary to expectations in 2 million; reduction of stocks of oil products made 2.54 million barrels - was expected 1 million. Continuing conflict in the Middle East will also support growth of oil prices. According to the information from HAMAS, the Air Force of Israel struck the next series of blows to the Gaza this morning.

Precious metals are weak this morning, Silver is losing more than 1% and traded at 32.34, Platinum at 1560.59, Gold is stable at 1712.

Copyright: United World Capital

alayoua

11-19-2012, 02:43 AM

Daily Forex Analysis from FXCC Nov 19 2012

ECB's Asmussen calls for a 2-year funding extension on Greece

FXstreet.com (Barcelona) - Joerg Asmussen, member of the European Central Bank, told German broadcaster ZDF over the weekend, EU leaders should agree on a 2-year loan extension for Greece, with any additional funding plan to be decided at a later stage, confirming the broadly-held view within the EU of 'kicking the can down the road', a position not marrying too well with IMF Director Christine Lagarde, who has been repeatedly calling for a long-standing comprehensible plan.

For today, EUR related economic agenda for the London session ahead looks soft, with only Italian industrial production at 09:00 GMT. However, several conferences in the EU will take place in parallel, ahead of tomorrow's key Eurogroup meetings. The special attention will be headlines from EU Commissioner Barnier and Spain EcoMin De Guindos, speaking at the EU conference on financial stability and the single market at 08:30 GMT. Also Deutsche Bundesbank President Jens Weidmann speech in Frankfurt at the same time will attract market's attention. In the EZ sovereign debt auctions front, France will deliver Treasury bills at 12:45 GMT, with 10 year bond yields stable around the 2% figure, last at 2.08%.
https://support.fxcc.com/email/technical/19112012/

UPCOMING EVENTS :
2012-11-19 **:00 GMT Japan. BoJ Monetary Policy Meeting Minutes
2012-11-19 10:00 GMT European Monetary Union. Construction Output
2012-11-19 15:00 GMT United States. Existing Home Sales Change
2012-11-19 23:00 GMT Australia. Conference Board Australia Leading Index

UPCOMING EVENTS :
2012-11-19 06:08 GMT EUR/USD advance above 1.28 should command respect
2012-11-19 06:02 GMT GBP/USD rises above 1.59 on positive tone
2012-11-19 04:43 GMT AUD/EUR seen at +0.84 in early 2013 - Westpac
2012-11-19 04:07 GMT EUR/AUD looking for bids around 1.23 mark

EURUSD :
HIGH 1.27734 LOW 1.27401 BID 1.27582 ASK 1.27588 CHANGE 0.13% TIME 07:59:51

https://support.fxcc.com/email/technical/19112012/EURUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Instrument show up 0.13% rise today and any further appreciation needs to clear barrier at 1.2774 (R1). Intraday targets could be found at 1.2786 (R2) and then at 1.2798 (R3). Downwards scenario: Below the 10 SMA locates our next support level at 1.2751 (S1). Break here might open a route towards to next targets at 1.2739 (S2) and 1.2727 (S3) in perspective.

Resistance Levels: 1.2774, 1.2786, 1.2798
Support Levels: 1.2751, 1.2739, 1.2727

---------------------------
GBPUSD :
HIGH 1.59233 LOW 1.58806 BID 1.59109 ASK 1.59116 CHANGE 0.17% TIME 07:59:52

https://support.fxcc.com/email/technical/19112012/GBPUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

Upwards scenario: market sentiment is clearly bullish today. Fresh high formed today acts now as next resistance level at 1.5924 (R1). Above here open way towards to next targets at 1.5936 (R2) and then at 1.5947 (R3). Downwards scenario: Risk of depreciation is seen below the local high, formed on the 14-11-2012 at 1.5902 (S1). Break here is required to enable lower targets at 1.5890 (S2) and 1.5877 (S3).

Resistance Levels: 1.5924, 1.5936, 1.5947
Support Levels: 1.5902, 1.5890, 1.5877

----------------------
USDJPY :
HIGH 81.587 LOW 81.125 BID 81.243 ASK 81.247 CHANGE -0.09% TIME 07:59:53

https://support.fxcc.com/email/technical/19112012/USDJPY.gif

OUTLOOK SUMMARY : Up
TREND CONDITION Up : trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: Medium term bias is positive for USDJPY. Risk of market appreciation is seen above the next resistance level at 81.41 (R1). Loss here would suggest next target at 81.62 (R2) and any further rise would then be targeting 81.82 (R3). Downwards scenario: If the pair gains momentum on the downside and manage to break our next support level at 81.10 (S1), it is likely to get acceleration towards to our next support level at 80.90 (S2) and 80.68 (S3), exactly where the 38.2% Fibonacci retracement level lies.

Resistance Levels: 81.41, 81.62, 81.82
Support Levels: 81.10, 80.90, 80.68

Source: FX Central Clearing Ltd,( Forex Practice Account | ECN Broker | ECN Forex | FXCC (http://www.fxcc.com) )

UWC Neeraj

11-19-2012, 04:55 AM

19 NOVEMBER 2012: ASIA UP AS USD/JPY TRADES AT SEVEN-MONTH LOW

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

USD/JPY fell to a seven-month low against the dollar trading at 81,166 as Asian shares rose, boosted by a more positive tone in US equities last week and on expectations that next month’s Japanese elections will bring a new stimulus friendly government. MSCIs broadest index of Asia-Pacific shares outside Japan rose 0,6 percent, recovering from Friday’s nine-week low. The energy sector outperformed on mounting supply concerns following the development in Gaza with Israeli air strikes and Hamas rocket attacks underpinning oil prices. Brent crude trades at 109,50. NYMEX is at 87,57.

Most markets under-performed last week. There are, however, hopes that US negotiations around the fiscal situation may progress and improve prospect for the stock markets. Japan’s Nikkei surged 2,2 percent Friday and bucked the downtrend in broad Asia. It has extended the gains this morning. Nikkei is 1,3 percent up and trades at a two-month high helped a weaker Yen and expectations that 16th December elections shall bring a new government ready to call for stimulus and a more aggressive easing from the Central Bank of Japan.

Hope that US politicians would find a common ground to steer clear of the “fiscal cliff”, boosted US stocks on Friday. European stocks, however, sank to its lowest level seen since May on US “fiscal cliff” concerns and the euro zone debt crisis. US treasury yields fell to its lowest levels in over two months on Friday as skepticism over the US budget talks drew safe-haven bids. Lawmakers, however, hinted at a possible budget compromise involving budget cuts and tax revenues.

The dollar is still strong after hitting a two month high in early Friday trading against a basket of six major currencies. The drop in Gold helped precious metals. Gold is trading 10 dollar up at 1723. Silver is 32,60 after dipping below 32 on Friday. The Euro rose to 1.2772 on Friday on expectations that the International Monetary Fund, IMF and euro zone finance ministers shall agree on how to make Greece’s debt more manageable. A bundled aid package to avert a Greek default may create a relief rally in the Euro. Euro/USD is at present trading at 1.2762. The short and medium term outlook for the Euro is, however, still bearish.

Copyright: United World Capital

UWC Neeraj

11-19-2012, 04:59 AM

VIDEO MARKET REVIEWS

19 November 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

19 November 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=bJNVwQ-O6Ys)

WindsorBrokers

11-19-2012, 05:41 AM

EUR/USD

Maintains near-term positive tone after reversal from 1.4247 high found support at 1.4020. Yesterday’s breach of 1.4218, previous high, has so far reached 1.4232, just ahead of 1.4247, 22 Mar lower top, clearance of which is required for fresh attempt at 1.4280, Nov 2010 peak and major trendline resistance. Current correction is consolidating above 1.4150, with further easing not ruled out, and higher low above 1.41 seen to maintain bulls. Loss of 1.41, however, will delay and re-expose 1.4050/20 for test.

Res: 1.4176, 1.4200, 1.4232, 1.4247
Sup: 1.4152, 1.4115, 1.4090, 1.4050

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20110401071610.gif

GBP/USD

Upside failure to sustain gains above strong resistance at 1.6140 has triggered sharp reversal under 1.61 to reach 1.6015, just above 1.6010 higher low. Recovery attempt is seen capped by 1.61 zone, with break here and key near-term barrier at 1.6150 to signal recovery under-way. Otherwise, fresh weakness through 1.6015/10 will re-focus 1.5942/35.

Res: 1.6083, 1.6095, 1.6127, 1.6149
Sup: 1.6015, 1.6010, 1.5978, 1.5942

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20110401071553.gif

USD/JPY

Reversal from 83.20, yesterday’s high, was contained at 82.55, where fresh strength has emerged. Clearance of 83.20/29 barriers and important 200 day MA at 83.62, has so far reached 83.73, just ahead of 83.96, 16 Feb high, break of which is needed to open 84.49, key short-term resistance. Positive near-term studies see scope for further gains, with 82.75/55 expected to contain corrective dips on overbought conditions, to keep immediate bulls in play

Res: 83.20, 83.29, 83.52, 83.96
Sup: 82.55, 82.35, 82.00, 81.50

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20110401071535.gif

USD/CHF

Correction from 0.9273 spike high exceeded 0.9138/30, 29 Mar higher low/38.2% Fibonacci retracement of 0.8900/1.9273 ascend, to find temporary support at 0.9125. Break above 0.92 barrier keeps positive near-term tone for further gains, with regain of 0.9273 required to resume short-term recovery from 0.8900, towards key short-term barrier at 0.9367. On the downside, loss of 0.9125/00 weakens the tone.

Res: 0.9215, 0.9232, 0.9273, 0.9310
Sup: 0.9185, 0.9125, 0.9089, 0.9073

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20110401071513.gif

alayoua

11-20-2012, 05:00 AM

Daily Forex Analysis from FXCC Nov 20 2012

Moody's downgrades France to Aa1 from Aaa

FXstreet.com (Barcelona) - Moody's has downgraded France's government bond rating to Aa1 from Aaa, maintains negative outlook. Moody's decision to downgrade France and maintain the negative outlook reflects the following:

From Moody's: 1.) France's long-term economic growth outlook is negatively affected by multiple structural challenges, including its gradual, sustained loss of competitiveness and the long-standing rigidities of its labour, goods and service markets. 2.) France's fiscal outlook is uncertain as a result of its deteriorating economic prospects, both in the short term due to subdued domestic and external demand, and in the longer term due to the structural rigidities noted above. 3.) The predictability of France's resilience to future euro area shocks is diminishing in view of the rising risks to economic growth, fiscal performance and cost of funding. France's exposure to peripheral Europe through its trade linkages and its banking system is disproportionately large, and its contingent obligations to support other euro area members have been increasing. Moreover, unlike other non-euro area sovereigns that carry similarly high ratings, France does not have access to a national central bank for the financing of its debt in the event of a market disruption.
https://support.fxcc.com/email/technical/20112012/

UPCOMING EVENTS :
2011-08-10 **:00 GMT : European Monetary Union. EcoFin Meeting
2011-08-10 07:00 GMT : Germany. Producer Price Index
2012-11-20 13:30 GMT : United States. Housing Starts
2012-11-20 17:15 GMT : United States. Fed's Bernanke Speech

UPCOMING EVENTS :
2012-11-20 06:07 GMT : GBP/USD bulls have room to run; resistance at 1.6065 - V.Bednarik
2012-11-20 05:52 GMT : EUR/USD holds 1.28; Greece aid hopes outweigh France downgrade
2012-11-20 05:27 GMT : AUD/USD long term bearish – Forex.com
2012-11-20 05:02 GMT : NZD/USD limited below key Fibo around 0.82

---------------------
EURUSD :
HIGH 1.28142 LOW 1.27649 BID 1.27885 ASK 1.27891 CHANGE -0.19% TIME 08 : 11 : 04

https://support.fxcc.com/email/technical/20112012/EURUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: On the bigger picture trend still is pointing up. Targets at 1.2824 (R2) and 1.2837 (R3) might be attractive for the uptrend penetration if the price manage to break our next resistance level at 1.2811 (R1). Downwards scenario: Clearance of next support level at 1.2785 (S1) might lead to the retracement formation with next expected targets at 1.2772 (S2) and 1.2760 (S3) in potential.

Resistance Levels: 1.2811, 1.2824, 1.2837
Support Levels: 1.2785, 1.2772, 1.2760

----------------------
GBPUSD :
HIGH 1.59195 LOW 1.58914 BID 1.59130 ASK 1.59135 CHANGE 0.03% TIME 08 : 11 : 05

https://support.fxcc.com/email/technical/20112012/GBPUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Market moves in consolidation mode after the uptrend formation and we expect retest of previous day high later on today. Clearance of next resistance level at 1.5924 (R1) would suggest next targets at 1.5936 (R2) and 1.5947 (R3). Downwards scenario: While next support is placed at 1.5907 (S1), decline below it would put in focus next target at 1.5894 (S2) and any further depreciation would then be limited to 1.5882 (S3) intraday.

Resistance Levels: 1.5924, 1.5936, 1.5947
Support Levels: 1.5907, 1.5894, 1.5882

-----------------------------
USDJPY
HIGH 81.432 LOW 81.142 BID 81.309 ASK 81.313 CHANGE -0.12% TIME 08 : 11 : 06

https://support.fxcc.com/email/technical/20112012/USDJPY.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Instrument stabilized and trades in a narrow channel without priority in direction. Fresh peak is acting now as resistance level at 81.43 (R1), penetration above it would suggest next targets at 81.59 (R2) and 81.76 (R3) on the upside. Downwards scenario: We suggest waiting for a clear break out of important levels prior taking any positions. If USDJPY manage to break our support level at 81.12 (S1), we expect next targets at 80.94 (S2) and 80.75 (S3) in potential.

Resistance Levels: 81.43, 81.59, 81.76
Support Levels: 81.12, 80.94, 80.75

Source: FX Central Clearing Ltd,( ECN Brokers | ECN Forex Brokers | ECN Trading | FXCC (http://www.fxcc.com) )

UWC Neeraj

11-20-2012, 05:02 AM

20 NOVEMBER 2012: BUDGET TALK’S OPTIMISM SPURS WALL STREET RALLY

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

Stocks rallied for a second consecutive session on Monday after budget talks created optimism that Democrats and Republicans would be able to tackle the fiscal crunch and avoid tipping over the “fiscal cliff”. The optimism spilled over to the Asian markets where the Nikkei share average in Tokyo extended its rise into a fifth day in morning trades. The gains were limited by profit taking and Bank of Japan’s (BOJ) awaited policy decision later in the session. It is expected that BOJ will keep policy unchanged. The Asian-Pacific index, MSCI, rose 0,6 percent.

The dollar was steady against a basket of currencies moving away from the two-month high reached on Friday. Precious metals jumped 3 percent on Monday on the dollar’s retreat. Gold reached 1735 and silver trade up close to a dollar on 33.20. USD/JPY is trading at 81.25. Oil prices have increased substantially on tensions in the Middle East. Brent crude reached its highest price level for weeks trading above USD 111 a barrel. NYMEX, New York crude, is sniffing on the 90 level.

Wall Street stocks climbed almost 2 percent extending a rally started on Friday. The rise reflected investors’ view that US lawmakers will be able to reach a compromise to avert USD 600 billion in tax increases and spending cuts due to start in January. This so called “fiscal cliff” threatens to send the US back into recession.

Prospects that Greece will get a lifeline to stay solvent also helped boost markets. The international rating agency, Moody’s, downgraded France’s government bond rating to A1 and kept a negative outlook on the country’s uncertain fiscal outlook and deteriorating economic prospects. The downgrade put the Euro under pressure. Euro/USD fell from a two week high on 1.2810 on Monday to 1.2777 in early Asian trade. It has regained and trades at present on 1.2796.

The Euro zone finance ministers are expected to give a tentative go-ahead for the disbursement of 44 billion euro in emergency loans to Greece later today. Differences between the finance ministers and the International Monetary Fund (IMF) on how to tackle the Greek crisis, however, remain, and a positive decision shall in no sway be taken for granted.

Copyright: United World Capital

UWC Neeraj

11-20-2012, 05:03 AM

VIDEO MARKET REVIEWS

20 November 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

20 November 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=Ipm5j24qqT0)

alayoua

11-21-2012, 03:44 AM

Daily Forex Analysis from FXCC Nov 21 2012

EU Finance Ministers fail to agree on Greece; Talks to resume on Monday

The European finance ministers failed to reach any conclusive decision on Greece after a 10+ hours meeting in Brussels, which came to a conclusion well into the night at around 4am. Details will not be released and the press conference was canceled. Luke Baker, Reuters bureau chief in Brussels, notes: "After more than 10 hours of meeting, German Finance Minister Schaeuble said euro zone finance ministers couldn't reach an agreement on Greece. Euro Finance Chiefs will continue talks on Monday..."

Earlier on the Asian session, Reuters was out reporting on a Eurogroup document laying out details on Greek debt, which is seen at debt to GDP of 144% in 2020, 133% in 2022, 111% in 2030, noted Mr. Baker. Current Greek debt level stands at 170% of GDP. Bloomberg reported that target of reaching debt sustainability may be postponed to 2022. One of the measures under discussion is suspending for 10 years interest payments on loans provided to Greece by the European Financial Stability Facility (EFSF), Reuters reported citing an unnamed official. It is thought that even combined elements "would still fail to reduce the overall debt-to-GDP ratio to 120% by 2020, the level the IMF has deemed as 'sustainable' " Bloomberg notes. Speculation is that IMF may remove itself from any Greek bailout programs if the 120% threshold can not be reached.-Fxstreet.com
https://support.fxcc.com/email/technical/21112012/

UPCOMING EVENTS :
2012-11-21 09:30 GMT | United Kingdom. Bank of England Minutes
2012-11-21 13:30 GMT | United States. Initial Jobless Claims
2012-11-21 14:55 GMT | United States. Reuters/Michigan Consumer Sentiment Index
2012-11-21 15:00 GMT | United States. Leading Indicator

FOREX NEWS :
2012-11-21 05:46 GMT | GBP/USD peels back to 1.59 ahead of BoE Minutes
2012-11-21 05:32 GMT | EUR/GBP; 1-month already dealing around the 0.80 figure
2012-11-21 05:08 GMT | EUR/AUD turns lower toward 1.2300
2012-11-21 04:18 GMT | AUD/USD sinks on Eurogroup dissapointment

EURUSD :
HIGH 1.2822 LOW 1.27364 BID 1.27527 ASK 1.27533 CHANGE -0.5% TIME 08 : 01 : 43

https://support.fxcc.com/email/technical/21112012/EURUSD.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: EURUSD formed retracement formation today, turning intraday bias to the negative side. Our next resistance level for today is hold at 1.2774 (R1). Rise above it might open route towards to next targets at 1.2788 (R2) and 1.2803 (R3). Downwards scenario: A break below the fresh low at 1.2736 (S1) would allow bears remaining in play on the medium-term perspective. Next targets could be found at 1.2720 (S2) and 1.2705 (S3).

Resistance Levels: 1.2774, 1.2788, 1.2803
Support Levels: 1.2736, 1.2720, 1.2705

----------------------------
GBPUSD :
HIGH 1.59285 LOW 1.58998 BID 1.59046 ASK 1.59051 CHANGE -0.12% TIME 08 : 01 : 44

https://support.fxcc.com/email/technical/21112012/GBPUSD.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: A move above the resistance level at 1.5912 (R1) might drive market price towards to next target at 1.5921 (R2) and any further rise would then be limited to resistance at 1.5930 (R3). Downwards scenario: Hourly chart correction remains in power today. Next barrier locates at 1.5894 (S1). Loss here might enable further bearish pressure and downgrade Cable towards to expected targets at 1.5886 (S2) and 1.5877 (S3).

Resistance Levels: 1.5912, 1.5921, 1.5930
Support Levels: 1.5894, 1.5886, 1.5877

-----------------------
USDJPY :
HIGH 81.974 LOW 81.654 BID 81.913 ASK 81.917 CHANGE 0.29% TIME 08 : 01 : 46

https://support.fxcc.com/email/technical/21112012/USDJPY.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: USDJPY gained momentum on the positive side and formed fresh high today, which is our key point for further market gains. Strengthening above the resistance at 81.97 (R1) would enable expected targets at 82.14 (R2) and 82.29 (R3). Downwards scenario: Retracement development is limited to the next support level at 81.70 (S1). Clearance here would open road towards to possible targets, located at 81.53 (S2) and 81.35 (S3).

Resistance Levels: 81.97, 82.14, 82.29
Support Levels: 81.70, 81.53, 81.35

Source: FX Central Clearing Ltd,( ECN Platform | Forex Broker Reviews | Online Forex Broker | FXCC (http://www.fxcc.com) )

UWC Neeraj

11-21-2012, 04:38 AM

21 NOVEMBER 2012: EURO FALLS ON INCONCLUSIVE GREEK TALKS

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

The Euro/USD is falling 50 points to 1.2757 after Euro finance ministers and the International Monetary Fund (IMF) failed to reach agreement on a Greek bail-out package. While the EU seems to have been willing to extend with two years the deadline for carrying through austerity measures, IMF was sticking to 2020. Without a consensus emergency aid cannot be disbursed to Greece.

The inconclusive talks helped destroy the positive investor’s sentiment which has been built up over the last days. The Head of the Federal Reserve, Ben Bernanke also talked US stock markets down when he yesterday stated that the Federal Reserve could do nothing to soften the “fiscal cliff”. Dow Jones fell within minutes more than 100 points upon Bernanke’s statement. He added, however, that 2013 might be a bright year for markets if Congress is able to find a compromise between budget cuts and tax hikes. Both Dow Jones and Nasdaq recovered and ended the session flat.

Hewlett Packard, one of the bedrock companies of Silicon Valley, and for decades seen as synonymous with technical excellence and innovation, stunned markets with an alleged massive accounting scandal at its British software unit, Autonomy. Serious accounting improprieties came to light after a whistle-blower come forward after the ouster of one of the companies top executives. HP shares plunged with 12 percent and reached a 10-year low. The market value of HP has fallen from $ 155 billion in 2000 to $ 20 billion after yesterday’s “massacre”.

Oil prices fell yesterday afternoon on strong rumors on a truce between Israel and Hamas on Gaza. Expectations for a ceasefire, rose, however, when US secretary of State, Hillary Clinton, arrived to Jerusalem last night to seek an end to one week of fighting. Brent crude trades at 110,03. Gold prices also fell yesterday trading at 1723 down from Tuesday’s peak on 1735. Asian stocks fell for the second day in row on the disappointing news of a failed emergency aid pay out to Greece. The Japanese Nikkei-index is up 0,44 % on a weaker Yen. USD/JPY trades at 81,905.

Copyright: United World Capital

UWC Neeraj

11-21-2012, 04:41 AM

VIDEO MARKET REVIEWS

21 November 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

21 November 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=Zo31LJM0pF4)

WindsorBrokers

11-21-2012, 06:43 AM

EUR/USD

Bears took control of the near-term outlook, as the pair failed to sustain gains above 1.2800, 200 day MA and fell sharply to 1.2735, Monday’s opening levels. The reversal, signaled by Doji candle, retraced over 50% of 1.2660/1.2828 recovery rally. Hourly indicators are deeply in the negative territory and 4h chart studies building bearish momentum that keeps near-term focus at the downside. Strong support zone lies at 1.2720/00, Fib 61.8% / tentative bull trendline off 1.2660 and daily Ichimoku cloud base, seen as next downside target. Immediate resistance stands at 1.2764, yesterday’s low, ahead of 20/55 day EMA’s at 1.2785 and key near-term barriers at 1.2800/28.

Res: 1.2764, 1.2785, 1.2800, 1.2821
Sup: 1.2734, 1.2724, 1.2713, 1.2705

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20121121080920.gif

GBP/USD

Corrective rally off 1.5826, 15 Nov low, was capped by daily Ichimoku cloud base at 1.5935, with subsequent dip to 1.5882, retracing 505 of initial 1.5826/1.5935 rally. This could be seen as corrective, as 4h studies still hold in the positive territory and hourly indicators start to point higher, after breaking below their midlines. However, regain of 1.5935 is required to confirm higher low and resume near-term recovery, towards 1.5959, Fib 38.2% and 1.6000, round figure / trendline resistance. On the downside, violation of 1.5868, Fib 61.8%, would put near-term bulls on hold.

Res: 1.5919, 1.5927, 1.5935, 1.5959
Sup: 1.5882, 1.5868, 1.5857, 1.5826

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20121121080901.gif

USD/JPY

Near-term bulls remain fully in play, as the pair resumes rally that was interrupted by 81.00/58 consolidation and breaks above our initial target at 82.00. Immediate upside target lies at 82.20, May highs and 83.32, weekly 150 day MA, to possibly open way towards psychological 83.00 barrier. However, overextended conditions on both, 1 and 4h chart, with appearance of 4h RSI /MACD bearish divergence, could limit gains in the near-term. Previous high at 81.58, offers initial support, ahead of 81.00, consolidative range floor that should contain any stronger reversal.

Res: 82.20, 82.32, 82.50, 83.00
Sup: 81.70, 81.58, 81.42, 81.09

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20121121080837.gif

USD/CHF

Bounce on failed attempt to break below important 0.9400 support, also 200 day MA, provides temporary relief, as the price jumps to 0.9456 so far. Retracement of over 61.8% of 0.9489/0.9390 fall, turns hourly structure positive, however, failure to regain previous high at 0.9489, would risk lower top and fresh weakness, as 4h indicators still hold in the negative territory. Break above 0.9489 to re-focus key near-term barriers at 0.9500/11, otherwise, near-term focus would shift back towards 0.9400.

Res: 0.9456, 0.9489, 0.9500, 0.9511
Sup: 0.9433, 0.9427, 0.9400, 0.9390

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20121121080818.gif

UWC Neeraj

11-22-2012, 03:47 AM

22 NOVEMBER 2012: GREEK EXPECTATIONS TAKES EURO HIGHER

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

German Chancellor Angela Merkel breathed new life into the Euro yesterday when she stated that a deal on the Greek emergency package was still within reach when Euro finance ministers meet on Monday. The Euro hit a 6-1/2 month high against the yen which continue to fall on expectations of more forceful monetary easing in Japan. Euro/USD is also stronger trading at 1.2844.

Investors initially dumped the Euro after Euro finance ministers and IMF, International Monetary Fund, failed to reach a compromise on release of emergency aid for Greece Tuesday night. Merkel’s comments turned the downward trend around. Euro last traded up 1 percent at 105,94 yen. The dollar has over the last seven trading sessions gained 3,9 percent against yen. USD/JPY stands at present at 82,38 giving Japanese exporters a welcomed boost. Yen is broadly falling against other currencies including the Australian dollar.

Analysts are expecting the yen to continue weakening into the Japanese elections in the middle of December. Bank of Japan’s (BOJ) firm intention for asset purchases and forceful monetary easing makes it likely that the yen shall remain vulnerable in the near term.

After relatively quiet equity sessions in Western Europe and the US Asian stocks rose Thursday morning after a survey showed that China’s manufacturing sector in November expanded for the first time in 13 months. Along with US factory data it raised optimism that the global growth slowdown is turning. MSCI broadest index of Asia-Pacific shares outside Japan raised 0,8 percent to a one week high.

Market sentiments were also boosted by the truce between Hamas and Israel on Gaza. Brent crude trades above USD 110 a barrel. Precious metals and commodities show a firmer upward trend. Gold stands at 1730 and silver trades at 33,40.

Copyright: United World Capital

UWC Neeraj

11-22-2012, 03:49 AM

VIDEO MARKET REVIEWS

22 November 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

22 November 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=xuMKV3vSNwc)

alayoua

11-22-2012, 05:28 AM

Daily Forex Analysis from FXCC Nov 22 2012

Market pricing Greece deal by Monday

Judging by the reaction of the market after EU authorities failed to reach a deal on Greece, hopes that by Monday leaders will resolve the technicalities and find a way to unblock the next disbursement of bailout money to Greece, continue to run high, and so does the Euro. There are varies option on the table, with the WSJ citing the three most likely, which include a debt buybacks program, loan interest cuts to 0.25%, which may potentially save the country over 44 billion euros, and a return of SMP profits. The German leader Angela Merkel advocated after the last EcoFin meeting that they could beef up the EFSF funds by 10 billion euros to support an activation of a Greece buy back program. Meanwhile, EU leaders are scheduled to have talks today about budget talks, with the market focusing on the area's spending plan. Headline over this meeting will hardly move the Euro.

Eurozone finance ministers are discussing options to bring down Greece's debt to 120% of GDP in 2020. One of the measures under discussion is suspending for 10 years interest payments on loans provided to Greece by the European Financial Stability Facility (EFSF), Reuters reported citing an unnamed official. Another measure could be to buy back Greek debt held by private financial institutions, offering 30% of its value, while a third step would be to cut the interest on €53 billion of bilateral loans to Greece, to 25 basis points from the current 150 basis points.
https://support.fxcc.com/email/technical/22112012/

UPCOMING EVENTS :
2012-11-22 08:28 GMT | Germany. Markit Services PMI
2012-11-22 08:58 GMT | European Monetary Union. Markit Services PMI
2012-11-22 13:30 GMT | Canada. Retail Sales
2012-11-22 15:00 GMT | European Monetary Union. Consumer Confidence

FOREX NEWS :
2012-11-22 05:44 GMT | EUR/USD below 1.16 in 2013 favored – JPM
2012-11-22 04:07 GMT | GBP/JPY moving in tight ranges below 132
2012-11-22 03:03 GMT | AUD is 5% overvalued – JPM
2012-11-22 01:28 GMT | AUD/CAD risks to the downside if below 1.0300 – TD Securities

-----------------------------
EURUSD :
HIGH 1.28682 LOW 1.28261 BID 1.28466 ASK 1.28472 CHANGE 0.14% TIME 08:17:21

https://support.fxcc.com/email/technical/22112012/EURUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: EURUSD tested positive side today and gains 0.14 %. Local high, formed today acts now as next barrier for further price appreciation. Clearance of 1.2868 (R1) would suggest next targets at 1.2885 (R2) and 1.2902 (R3). Downwards scenario: Important support level locates right at 1.2831 (S1). Successful retest here would open route towards to next target at 1.2814 (S2) and any further decline would then be limited to final support for today at 1.2796 (S3).

Resistance Levels: 1.2868, 1.2885, 1.2902
Support Levels: 1.2831, 1.2814, 1.2796

----------------------------
GBPUSD :
HIGH 1.59698 LOW 1.59509 BID 1.59599 ASK 1.59606 CHANGE 0.06% TIME 08:17:22

https://support.fxcc.com/email/technical/22112012/GBPUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: GBPUSD accomplished new step of uptrend formation. Risk of further market increase is seen above the resistance at 1.5970 (R1). Violation here might increase bullish pressure and expose next targets at 1.5981 (R2) and 1.5992 (R3). Downwards scenario: Price depreciation below the support at 1.5949 (S1) level might likely push the pair toward the second target at 1.5939 (S2) and any further market decline would then be limited to support at 1.5928 (S3) price.

Resistance Levels: 1.5970, 1.5981, 1.5992
Support Levels: 1.5949, 1.5939, 1.5928

-----------------------
USDJPY :
HIGH 82.591 LOW 82.366 BID 82.470 ASK 82.474 CHANGE -0.07% TIME 08:17:24

https://support.fxcc.com/email/technical/22112012/USDJPY.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: If we take a look on the hourly chart we can see that medium-term bias is clearly positive. We expect further appreciation if the price manages to overcome 82.61 (R1). Next targets could be found at 82.80 (R2) and 82.99 (R3). Downwards scenario: A failure to clear next resistance barrier would open the way towards the initial support level at 82.26 (S1) price. Loss here might take the pair towards to eventual targets, located at 82.07 (S2) and 81.87 (S3) in potential.

Resistance Levels: 82.61, 82.80, 82.99
Support Levels: 82.26, 82.07, 81.87

Source: FX Central Clearing Ltd,( ECN Forex Trading| Forex Rates | Forex Market | FXCC (http://www.fxcc.com) )

UWC Neeraj

11-23-2012, 04:28 AM

23 NOVEMBER 2012: GOOD WEEK FOR ASIAN SHARES AND EURO

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

Stock indexes continued to rise Friday morning as Asian shares were on course for a weekly gain of more than 2 percent. The Asia Pacific MSCI rose 0,4 percent and reached the highest level seen in two months after manufacturing surveys from China and the United States raised hopes for an improving global growth outlook. Japan and US were closed due to public holidays and Thanksgiving.

EURO/USD is trading at 1.2887 with the Euro enjoying a one percent lift since last Friday’s close. This in spite of yesterday’s data pointing to the Euro zone sliding into its deepest recession since 2009. The Euro has, however, been helped by optimism that a funding deal for Greece will ultimately be found when euro finance ministers meet in Brussels on Monday.

USD/JPY eased 0,1 percent to 82,39 pulling back from Thursday’s high of 82.84 which is the dollar’s strongest level since early April. The dollar has gained 3,7 percent versus yen over the last two weeks. The yen has been weakened on expectations that the Bank of Japan shall implement more drastic monetary stimulus.

Commodity markets were quiet with oil, copper and precious metals staying course to end the week higher than they started. Brent crude is trading at USD 110, 25 and Gold is flat around 1730. Last day’s markets have been subdued by Thanksgiving and enters a new week once again with major focus on the debt crisis in Europe. While a lot of ink has been spilled on the US fiscal cliff the biggest challenge for the global economy rests with the euro zone.

Copyright: United World Capital

alayoua

11-23-2012, 04:30 AM

Daily Forex Analysis from FXCC Nov 23 2012

Greece edges towards a debt deal; IMF lowers demands

Greece may soon breathe a sigh of relief, as a deal with the Troika looks closer, according to Greek-based paper ekathimeini, citing Finance Minister Yannis Stournaras who suggests only 10 billion euros stand in the way of a deal.From ekathimeini: "Sources said that another 8 to 10 billion euros was needed to meet the target." the Greek paper also reports that "the IMF has accepted that Greek debt will not meet its target of 120 percent of GDP in 2020 and is willing for this to change to 124 percent in the same year."

German Chancellor Angela Merckel said after the meeting she doubts an agreement will be reached on EU budget this week, and will likely need another few sessions of negotiations. She added positions are too far apart for now. Meanwhile, according to an official statement by the European Council, Yves Mersch has been appointed to the executive board of the European Central Bank for a term of eight years as from 15 December. He will succeed José Manuel González-Páramo, who completed his term of office on 31 May.
https://support.fxcc.com/email/technical/23112012/

UPCOMING EVENTS :
2012-11-23 **:00 GMT | European Monetary Union. European Council meeting
2012-11-23 07:00 GMT | Germany. Gross Domestic Product
2012-11-23 09:30 GMT | United Kingdom. BBA Mortgage Approvals
2012-11-23 13:30 GMT | Canada. Consumer Price Index

FOREX NEWS :
2012-11-23 05:50 GMT | GBP/USD makes 10-year volatility lows while around 1.5950
2012-11-23 04:47 GMT | USD/JPY in the red below 82.50 for first time in a week
2012-11-23 03:40 GMT | USD/CAD 0.99 a decent support area - TDS
2012-11-23 02:57 GMT | EUR/USD finds bids above 1.2870

----------------------------
EURUSD :
HIGH 1.28939 LOW 1.28685 BID 1.28939 ASK 1.28940 CHANGE 0.06% TIME 08 : 13 : 26

https://support.fxcc.com/email/technical/23112012/EURUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: We placed our next resistance level above the yesterday high at 1.2899 (R1). If the market manages to overcome it, next resistance in focus would be 1.2917 (R2) and any further rise would then be targeting 1.2935 (R3).Downwards scenario: The pair continues to extend its strengthening on the medium- term perspective, however a breach of our next support level at 1.2868 (S1) might trigger downside formation towards to our next targets at 1.2851 (S2) and 1.2839 (S3).

Resistance Levels: 1.2899, 1.2917, 1.2935
Support Levels: 1.2868, 1.2851, 1.2839

--------------------------------
GBPUSD :
HIGH 1.59526 LOW 1.59336 BID 1.59526 ASK 1.59530 CHANGE 0.1% TIME 08 : 13 : 27

https://support.fxcc.com/email/technical/23112012/GBPUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: BBA Mortgage Approvals release at 09:30 GMT in focus. Break above the next resistance level at 1.5959 (R1) would suggest next targets at 1.5969 (R2) and 1.5978 (R3) in potential. Downwards scenario: From the technical side, market sentiment is not clear. Next attractive level for the downside development locates at 1.5939 (S1). Loss here might take the pair towards to eventual targets at 1.5928 (S2) and 1.5918 (S3).

Resistance Levels: 1.5959, 1.5969, 1.5978
Support Levels: 1.5939, 1.5928, 1.5918

-----------------------------
USDJPY :
HIGH 82.506 LOW 82.181 BID 82.268 ASK 82.272 CHANGE -0.24% TIME 08 : 13 : 28

https://support.fxcc.com/email/technical/23112012/USDJPY.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Medium term bias remains positive after correction, provided today. Our next resistance is placed at 82.44 (R1). Rise above it might push price towards to next targets at 82.61 (R2) and 82.77 (R3) intraday.Downwards scenario: Instrument trades below the moving averages and we expect the pair to extend its losses later on today. Below the support level at 82.15 (S1) locates initial retracement targets at 81.98 (S2) and 81.82 (S3).

Resistance Levels: 82.44, 82.61, 82.77
Support Levels: 82.15, 81.98, 81.82

Source: FX Central Clearing Ltd,( Forex Rate | Forex News | ECN Forex Broker | FXCC (http://www.fxcc.com) )

UWC Neeraj

11-23-2012, 04:30 AM

VIDEO MARKET REVIEWS

23 November 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

23 November 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=XRwZK74CMa8)

alayoua

11-26-2012, 02:08 AM

Daily Forex Analysis from FXCC Nov 24 2012

Greek deal hopes and China's improving growth momentum lift market mood

Risky assets advanced this week as economic indicators showed improving growth momentum in China and the US, while the economic recession did not intensify in the eurozone. Optimism about an imminent agreement on a debt-reduction package for Greece also contributed to improve market sentiment. Spain took advantage of more positive market mood and it managed to sell EUR8.8bn in government bonds and Treasury bills, helping sentiment toward risk assets. In this context, negative impact of the French credit rating downgrading was quite mute. Peripheral risk premia narrowed notably across the board this week. Notwithstanding the safe-haven yields rose, the reaction in the short-end of the German yield curve was quite limited. At the end of the week, oil prices fell due to ceasefire agreed between Israel and Hamas, reducing one of the global market headwinds. Finally, Japanese yen is being dragged by expectation of Japanese Liberal Democratic Party expectation to win elections on December 16, which backs an ease monetary policy

Today's market headlines will be almost entirely dominated by the EU FinMin meeting, with reports over the weekend suggesting a Greece debt deal is still up in the air. On Saturday, finance ministers held a teleconference, which failed to clear up the picture in this regard. The Greek-based paper Kathimerini, citing sources familiar with the talks, suggests an agreement may not be inked until December 3, while portals like Reuters sound more optimistic.-FXstreet.com
https://support.fxcc.com/email/technical/26112012/

UPCOMING EVENTS :
2012-11-26 **:00 GMT | European Monetary Union. EcoFin Meeting
2012-11-26 07:00 GMT | Germany. Retail Sales
2012-11-26 21:45 GMT | New Zealand. Trade Balance

FOREX NEWS :
2012-11-26 05:31 GMT | EUR/USD, 1.30 or 1.2920 first? EU FinMin to shake up price
2012-11-26 05:26 GMT | AUD/USD above 1.05 if Greece gets the money - Westpac
2012-11-26 05:02 GMT | GBP/USD limited below 1.6050

-------------------------
EURUSD :
HIGH 1.29774 LOW 1.29453 BID 1.29453 ASK 1.29459 CHANGE -0.2% TIME 08:30:18

https://support.fxcc.com/email/technical/26112012/EURUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Next barrier for uptrend formation locates at Friday’s high- 1.2991 (R1), above here opens the way for a move towards to our targets at 1.3010 (R2) and 1.3029 (R3). Downwards scenario: If the market successfully retest our support level at 1.2946 (S1), we expect further consolidation development with possible targets at 1.2928 (S2) and 1.2909 (S3).

Resistance Levels: 1.2991, 1.3010, 1.3029
Support Levels: 1.2946, 1.2928, 1.2909

------------------------
GBPUSD :
HIGH 1.60379 LOW 1.60159 BID 1.60169 ASK 1.60173 CHANGE -0.06% TIME 08:30:19

https://support.fxcc.com/email/technical/26112012/GBPUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Resuming of the uptrend is possible above the next resistance level at 1.6051 (R1). Clearance of this level might expose next targets at 1.6067 (R2) and 1.6081 (R3). Downwards scenario: Market deviates from the uptrend formation and currently trades on the session low. Further market decline is limited to next support level at 1.6010 (S1), with only clear break here would be a signal of market weakening with next targets at 1.5996 (S2) and 1.5981 (S3).

Resistance Levels: 1.6051, 1.6067, 1.6081
Support Levels: 1.6010, 1.5996, 1.5981

--------------------
USDJPY :
HIGH 82.622 LOW 82.066 BID 82.083 ASK 82.087 CHANGE -0.35% TIME 08:30:20

https://support.fxcc.com/email/technical/26112012/USDJPY.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Our bullish expectations remain intact, above the next resistance level at 82.61 (R1). Break here would suggest next targets at 82.79 (R2) and 82.98 (R3) in potential. Downwards scenario: Bearish penetration below the support at 82.15 (S1) might determine negative sentiment for the remaining of the day with possible targets in focus at 81.96 (S2) and 81.77 (S3) intraday.

Resistance Levels: 82.61, 82.79, 82.98
Support Levels: 82.15, 81.96, 81.77

Source: FX Central Clearing Ltd,( Forex Charts | Forex Exchange | ECN Forex Online | FXCC (http://www.fxcc.com) )

UWC Neeraj

11-26-2012, 03:51 AM

26 NOVEMBER 2012: EURO RISES ON GREEK HOPES

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

The Euro hit a seven-month high against the yen and held a one-month peak versus dollar when the trading week opened in Asia this morning. The Euro was supported by hopes that Greece will finally secure more emergency loans when EU Finance ministers meet in Brussels today. Euro/USD is trading at 1.2963 after reaching 1.2969 on Friday bringing its weekly gain to 1,75 percent and above the 1.2945 level which it began 2012.

Asian shares inched up on Monday on hopes that Greece can avoid a near term bankruptcy. A regional Spanish vote favoring separatist parties capped gains. The stock futures for US suggest a soft opening while European futures are falling. The Asian Pacific index, MSCI, rose 0,2 percent marking advance for the sixth consecutive day. There is market optimism on the euro area’s ability to reach a deal on Greece, but worries about the vote of Catalonian independence from Spain and its implications for Spain’s austerity measures and bond rates remain high.

Oil, commodities and precious metals saw gains on a weaker dollar last week. Brent crude is trading above USD 111 a barrel in Asia, and gold surpassed the 1750 level on Friday as central banks boost reserves. Both gold and silver fell somewhat back in early Asian trade. Gold dipped below 1750 and silver trades at 34,05. Gold saw its five week high helped by a weaker dollar and investor confidence. Both pension funds. Sovereign wealth funds and private investors have been buying gold along with central banks in Brazil, Russia, Mexico, India, South Korea and Thailand. The buying has also been prompted by devaluation concerns of major currencies.

Copyright: United World Capital

UWC Neeraj

11-26-2012, 03:53 AM

VIDEO MARKET REVIEWS

26 November 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

26 November 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=z9T5gzfoLEQ)

UWC Neeraj

11-27-2012, 03:28 AM

27 NOVEMBER 2012: EURO MINISTERS FINALLY AGREE ON GREEK DEBT

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

Euro zone finance ministers and the International Monetary Fund, IMF, finally reached a deal on Monday to reduce Greece’s debt. After 12 hour of negotiations Greece’s international lenders agreed on measures to reduce Greek debt by 40 billion euro, cutting the debt ratio between debt and GDP (gross domestic product) to 124 percent by 2020. Urgently needed loans to keep the bankrupt economy afloat were simultaneously released. In a significant new pledge ministers committed themselves to lower Greece’s debt below 110 percent by 2022. This is so far the most explicit recognition that some loans have to written off from 2016 when Greece is supposed to reach a primary budget surplus.

After two weeks of haggling, markets reacted with relief on the aid package. Stock markets in Asia continued up. The MSCI index for the south Pacific region outside Japan gained 0,6 percent, and the Euro/USD is trading at its highest level in weeks at 1.2985, marginally up from yesterday. Upon the release of the news from Greece, the euro reached 1.3010. Also the Australian dollar is trading at its highest level in two months versus dollar. USD/JPY was falling in early Asian trade, but has recovered at 82,15. Dow Jones was down and Nasdaq marginally up yesterday waiting for the outcome from Brussels.

Oil prices are steady. New York crude (NYMEX) is USD 88 a barrel. Brent crude is 111,04. Commodity prices are up helped by news on big infrastructural programs in China. Gold keeps around 1750 after reaching 1754 on Friday. Silver is slightly up in the morning trade in Asia at 34,20.

The agreement in Brussels has given the market a breathing spell. Investors focus is now likely to shift back to another major concern hanging over the markets, the looming US fiscal crisis. Republicans asked on Monday president Barack Obama to detail long term spending cuts to help solve the countries fiscal crisis. The Republicans are holding firm against any income tax rate increases for the wealthy that Democrats seek. If a compromise deal on the budget drags out, new focus on the “fiscal cliff” would for sure create nervousness and dampened investors risk appetite.

With big funds winding down their positions ahead of the new year-end, many analysts see it unlikely with major changes in the currency markets. The euro which has gained two percent over the last days is not set for major new gains in the short term. Any further rise in the Euro will likely be countered by selling to cap the euro’s upside. USD/JPY has fallen considerably over the last weeks and no major development is expected before the Japanese elections in mid-December and an eventual new government’s likely monetary easing.

Copyright: United World Capital

UWC Neeraj

11-27-2012, 03:31 AM

VIDEO MARKET REVIEWS

27 November 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

27 November 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=rGXVUltWPEQ)

WindsorBrokers

11-27-2012, 05:28 AM

EUR/USD

The Euro has cracked psychological 1.3000 barrier on a spike to 1.3007, seen overnight, as a part of broader recovery from 1.2660, 13 Nov low. Positive sentiment favors the upside, as clearance of 1.3020, 25/31 Oct double-top and Fib 76.4% of 1.3137/1.2660 is required to confirm break and expose 1.3070, possibly 1.3100 on a break. Near-term structure remains positive, however, extended 4h studies warn of possible stall. Immediate support lies at 1.2942, ahead of 1.2900, round figure and more significant 1.2830 zone, loss of which would revive bears.

Res: 1.3007, 1.3020, 1.3050, 1.3070
Sup: 1.2942, 1.2913, 1.2900, 1.2874

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20121127081136.gif

GBP/USD

The pair maintains positive tone, holding at 1.6050, yesterday’s high, after corrective easing found footstep at 1.6000 zone and 55 day EMA. Clear break above 1.6050 is required to resume rally from 1.5920 higher base, for possible test of 1.6100, round figure / Fib 76.4% of 1.6174/1.5826 / daily Ichimoku cloud top. Failure to do so, however, would increase risk of reversal, signaled by yesterday’s Doji and signal possible double-top formation, with break below initial 1.600/1.5977 supports, required to confirm. Overbought 4h chart conditions and hourly MACD / RSI bearish divergence, support the notion.

Res: 1.6050, 1.6060, 1.6092, 1.6100
Sup: 1.6019, 1.6000, 1.5977, 1.5946

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20121127081115.gif

USD/JPY

Near-term bulls came back to play after the pair found ground just under psychological 82.00 support and bounce retraced nearly 50% of 82.83/81.84 downleg at 82.31. Hourly structure is gaining momentum and sees the upside favored, however, still weak tone, seen on 4h chart, requires improvement, seen on regain of 82.45, Fib 61.8% and tentative bear-trendline off 82.83 that will open way towards pivotal 82.61, yesterday’s high. Otherwise, lower top and fresh extension lower that would initially target 81.81 and 81.60 would signal further retracement of 79.06/82.83 rally.

Res: 82.31, 82.45, 82.61, 82.83
Sup: 82.20, 82.00, 81.84, 81.58

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20121127081055.gif

USD/CHF

The pair remains under pressure, as series of lower lows, with the latest one posted overnight at 0.9253, confirm bearish stance and focus key near-term support at 0.9213. Hourly studies show bears fully in play, while 4h studies, entering oversold zone, may signal delay, seen on possible mild corrective bounce. Initial 0.9300 barrier, reinforced by descending 20 day EMA, is expected to cap for now. On the downside, break below 0.9213, would signal an end of two-month consolidative phase and open fresh bear-leg, as a part of broader descend from 0.9970, 24 July yearly peak.

Res: 0.9280, 0.9300, 0.9335, 0.9355
Sup: 0.9253, 0.9237, 0.9213, 0.9200

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20121127081032.gif

alayoua

11-27-2012, 05:35 AM

Daily Forex Analysis from FXCC Nov 27 2012

More funding for Greece finally approved

The EU reached a deal to reduce Greek debt to 124 % of the GDP in 2020 through a package of extra steps amounting 20 % of GDP, that was the headline from Reuters earlier in the Asian session. Reporters, however, had to arm themselves with patience until concrete details out of Brussels came out. Once the Eurogroup press conference was on past 1am Brussels time, Jean-Claude Juncker, president of the Eurogroup, provided the first remarks to the press, saying "today we reached political agreement on next disbursement to Greece", adding that despite has been a difficult decision, "I am complimenting the Greek gov't, I am complimenting the Greek parliament".

The Eurogroup will formally decide on the disbursement December 13 if national parliaments approve tonight's deal. For now, what has been written in the draft document is that Greece aid disbursement of around €44 bln will be provided under 3 tranches. The first €34.4 bln loan is expected by mid December once green light from parliaments is given, and through Q1 2013 the rest, subject to implementation of its ongoing austerity program.-FXstreet.com
https://support.fxcc.com/email/technical/27112012/

UPCOMING EVENTS :
2012-11-27 09:30 GMT | United Kingdom. Gross Domestic Product
2012-11-27 13:30 GMT | United States. Durable Goods Orders
2012-11-27 15:00 GMT | United States. Consumer Confidence
2012-11-27 19:00 GMT | United States. Fed's Beige Book

FOREX NEWS :
2012-11-27 05:40 GMT | Greece buys time; Will EUR/USD buy into Greece?
2012-11-27 05:38 GMT | GBP/USD flat below 1.6050 ahead of UK GDP
2012-11-27 05:13 GMT | EUR/GBP bid above 0.8100
2012-11-27 04:15 GMT | AUD/JPY asks above 86 round heavy

-----------------------
EURUSD :
HIGH 1.30087 LOW 1.29694 BID 1.29856 ASK 1.29862 CHANGE 0.11% TIME 08:29:07

https://support.fxcc.com/email/technical/27112012/EURUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Our retail trading market sentiment indicator shows, that majority of traders have sold during the EURUSD appreciation. Penetration above the 1.3010 (R1) might lead to the protective orders execution and drive market price towards to next targets at 1.3029 (R2) and 1.3046 (R3). Downwards scenario: Market stabilized after the previous day’s gains and looks ready to establish correction. Market decline below the next support level at 1.2967 (S1) would suggest next targets at 1.2948 (S2) and 1.2929 (S3).

Resistance Levels: 1.3010, 1.3029, 1.3046
Support Levels: 1.2967, 1.2948, 1.2929

-------------------------------------
GBPUSD :
HIGH 1.60447 LOW 1.60226 BID 1.60369 ASK 1.60378 CHANGE 0.06% TIME 08:29:08

https://support.fxcc.com/email/technical/27112012/GBPUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Today in focus GDP announcement at 09:30 GMT. Our next resistance level is placed above the local peak at 1.6051 (R1) (High of 23/11/2012). Strengthening above it would point to resistive structure at 1.6067 (R2) onto 1.6081(R3). Downwards scenario: Downside fluctuations remains for now limited to next support level at 1.6025 (S1), only clear break here would be a signal of market easing with next targets at 1.6010 (S2) and 1.5996 (S3) in potential.

Resistance Levels: 1.6051, 1.6067, 1.6081
Support Levels: 1.6025, 1.6010, 1.5996

---------------------------
USDJPY :
HIGH 82.305 LOW 81.858 BID 82.273 ASK 82.279 CHANGE 0.26% TIME 08:29:09

https://support.fxcc.com/email/technical/27112012/USDJPY.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Longer term we look for a move above the 82.43 (R1). Loss here might establish new step of uptrend formation and target 82.61 (R2) en route to 82.79 (R3). Downwards scenario: On the short –term perspective we expect market decline. A Bearish signal would be created if the currency dropped below the next support level at 82.09 (S1). We suggest next targets in such scenario at 81.92 (S2) and 81.76 (S3).

Resistance Levels: 82.43, 82.61, 82.79
Support Levels: 82.09, 81.92, 81.76

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

alayoua

11-28-2012, 04:16 AM

Daily Forex Analysis from FXCC Nov 28 2012

OECD: EU debt crisis a primary threat to world economy

The OECD released its twice-yearly Economic Outlook on Tuesday in which it cut the global growth forecast and warned that the Eurozone debt crisis is a greater threat to the world economy than the looming US fiscal cliff. "After five years of crisis, the global economy is weakening again," OECD's chief economist Pier-Carlo Padoan warned. "The risk of a new major contraction can't be ruled out." The Paris based organization reduced its global growth forecast for 2012 from 3.4% seen in May to 2.9%, and for 2013 from 4.2% to 3.4%. It also suggested that the Eurozone economy should start growing again in 2013 and that the US should witness a expansion of 2% next year and of around 3% in 2014. An intensification of the debt crisis in the Eurozone could however push the area into a profound recession and damage US recovery.

The OECD urged governments not to cut spending too much, as it hurts growth. Central banks in the Eurozone, Japan, China and India were advised to boost stimulus to prop up their ailing economies. The organization also allowed for the possibility of Greece not being able to strictly adhere to its reform plan, should recession deepen more than expected. “The agreed consolidation measures should be put in place, but if growth proves lower than assumed in the government's fiscal plans, then the automatic stabilisers should be allowed to operate, even if this means missing the set targets,” the OECD stated.-FXstreet.com
https://support.fxcc.com/email/technical/28112012/

UPCOMING EVENTS :
2012-11-28 13:00 GMT | Germany. Consumer Price Index. Preliminar
2012-11-28 15:00 GMT | United States. New Home Sales
2012-11-28 19:00 GMT | United States. Fed's Beige Book
2012-11-28 23:50 GMT | Japan. Large Retailer's Sales

FOREX NEWS :
2012-11-28 05:42 GMT | EUR/USD risks losing 1.29; Greece lose ends, US fiscal cliff weigh
2012-11-28 05:19 GMT | GBP/USD seeing little action, but gently offered toward 1.60
2012-11-28 05:01 GMT | AUD/USD back to the upper bound of its tiny 30 pip range
2012-11-28 04:06 GMT | GBP/JPY suffering from risk aversion, holds above 131

--------------------------
EURUSD :
HIGH 1.29452 LOW 1.29118 BID 1.29164 ASK 1.29171 CHANGE -0.2% TIME 08 : 32 : 07

https://support.fxcc.com/email/technical/28112012/EURUSD.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: The corrective reaction remains in power, though medium-term bias remains positive. In focus our resistance level at 1.2947 (R1), break here would suggest next targets at 1.2967 (R2) and 1.2984 (R3). Downwards scenario: At the moment pair is looing -0.2% and might face next supportive barrier at 1.2900 (S1). Easing below it is essential to enable next targets at 1.2882 (S2) and 1.2865 (S3) in perspective.

Resistance Levels: 1.2947, 1.2967, 1.2984
Support Levels: 1.2900, 1.2882, 1.2865

--------------------
GBPUSD :
HIGH 1.60248 LOW 1.59949 BID 1.60013 ASK 1.60022 CHANGE -0.13% TIME 08 : 32 : 08

https://support.fxcc.com/email/technical/28112012/GBPUSD.gif

OUTLOOK SUMMARY : Neutral
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: The pair posted fresh high yesterday and trapped to consolidative mode trading. A break of technically important level at 1.6021 (R1) might determine positive bias for the remaining of the day. Next suggested targets in this case would be 1.6035 (R2) and 1.6048 (R3). Downwards scenario: Price setup is looking for a pullback development. Downside fluctuations remains for now limited to next support level at 1.5992 (S1), only clear break here would be a signal of market easing with next targets at 1.5980 (S2) and 1.5968 (S3).

Resistance Levels: 1.6021, 1.6035, 1.6048
Support Levels: 1.5992, 1.5980, 1.5968

--------------------
USDJPY :
HIGH 82.211 LOW 81.717 BID 81.767 ASK 81.771 CHANGE -0.47% TIME 08 : 32 : 09

https://support.fxcc.com/email/technical/28112012/USDJPY.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Neutral

Upwards scenario: Instrument trades in gradual descending channel on the hourly chart. Our next resistance level is placed at 81.91 (R1). Brake here is required for a return to the upper side of the channel with possible targets at 82.01 (R2) and 82.10 (R3) in potential. Downwards scenario: Penetration below the support at 81.66 (S1) might change technical picture and establish downtrend formation on the medium-term perspective. Our next expected target locates at 81.57 (S2) and any further loss would then be targeting to final support for today at 81.47 (S3).

Resistance Levels: 81.91, 82.01, 82.10
Support Levels: 81.66, 81.57, 81.47

Source: FX Central Clearing Ltd,( Forex Signals | ECN Forex Broker | Forex Trade | FXCC (http://www.fxcc.com) )

WindsorBrokers

11-28-2012, 05:16 AM

EUR/USD

The Euro eases after unsuccessful attempt to clear 1.3000 that proved to be tough barrier, with completion of evening star – like pattern, signaling fresh bears. Hourly studies turned negative and see immediate risk on test of important 1.2900 support, also Fib 38.2% of 1.2735/1.3007 upleg, violation of which to confirm near-term bulls are on hold in favor of deeper reversal, with 1.2870/50, 50% retracement / 55 day EMA, seen on a break. Only bounce above 1.2950 would ease immediate bear pressure.

Res: 1.2844, 1.2885, 1.3007, 1.3020
Sup: 1.2911, 1.2900, 1.2874, 1.2858

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20121128085748.gif

GBP/USD

Cable remains under pressure, as repeated failure at 1.6050 barrier and double Doji candlestick questions recent rally. Brief break below initial 1.6000 support and hourly indicators in the negative territory, suggest that further easing is likely, with important 1.5975 support, 50% of 1.5926/1.6055 / 22 Nov high, coming in near-term focus. Hourly Ichimoku cloud top and 20 day EMA at 1.6020, offer initial resistance and break here would shift near-term focus higher.

Res: 1.6020, 1.6032, 1.6050, 1.6092
Sup: 1.6000, 1.5992, 1.5977, 1.5956

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20121128085716.gif

USD/JPY

Yesterday’s recovery rejection at 82.31 and fresh slide below here, keep near-term bears in play, as the pair hits series of fresh lows, with the latest posted at 81.71, where 55 day EMA contained dip for now. Hourly studies are negative and 4h indicators attempting below the midlines that sees more potential for bearish extension towards the next supports at 81.58, previous high and 81.39, Fib 38.2% of 79.06 / 82.83 ascend. Immediate resistance lies at 82.00, reinforced by descending 20 day EMA, while yesterday’s high at 82.31, along with tentative bear-trendline off 82.83, is expected to cap rallies for now.

Res: 82.00, 82.20, 82.31, 82.45
Sup: 81.71, 81.58, 81.39, 81.00

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20121128085635.gif

USD/CHF

Brief recovery off yesterday’s fresh low at 0.9253, struggles to sustain gains above initial 0.9300 barrier, with daily Ichimoku cloud base at 0.9320, limiting recovery for now. However, improved hourly conditions, see potential for further corrective action, with Fibonacci resistances and 55 day EMA at 0.9330/50, seen as immediate targets on a break above 0.9320. With larger picture bears still in play, current move could be described as corrective, as long as pivotal 0.9400 barrier stays intact.

Res: 0.9323, 0.9335, 0.9350, 0.9378
Sup: 0.9300, 0.9268, 0.9253, 0.9237

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20121128085605.gif

UWC Neeraj

11-28-2012, 05:20 AM

28 NOVEMBER 2012: FOCUS SHIFT BACK TO “FISCAL CLIFF”

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

Budget talks and the “fiscal cliff” is back in focus after leaving the euro finance ministers agreement on Greek debt cuts on the agenda in the very start of the week. The euro’s short won gains against the USD were eaten up during yesterday. Euro/USD is trading at 1.2939 after falling fifty basis points in the afternoon of yesterday. The Japanese Yen strengthens versus dollar. After USD/JPY has traded in the interval between 82.15 to 82,65, yen is this morning below 82 at 81,95. Asian shares ended a seven-day winning streak this morning. The share index for Asia-Pacific stocks, MSCI, fell 0,5 % and commodities eased as lack of progress in talks on US budget threatened to threw the US economy back in recession.

President Barack Obama launched yesterday a public relations push for his bid to raise taxes on wealthy Americans. US lawmakers remained, however deadlocked over dramatic year-end tax increases and spending cuts known as the “fiscal cliff”. Obama met with small business leaders in the White House. They urged Obama to keep the tax cuts for the middle class to increase consumption and job creation. The US tycoon, Warren Buffet, simultaneously, called on the rich to pay more and proposed a minimum tax on 30 % on incomes between USD 1 and 10 million and 35 % on incomes above.

Senate majority leader Harry Reid expressed last night disappointment over modest progress in the budget negotiations. The remarks had US stocks to slide. Dow Jones lost 0,69 percent and Nasdaq 0,30. Statistics could on the other hand report on record high Thanksgiving sales and the highest US-consumer optimism in 5 years. The Shanghai composite Index slid 0,7 % and the Chinese stock markets to its lowest in nearly four years extending earlier losses and closing below 2000 points for the first time since January 2009. The weak Chinese stock market along with increasing doubts over US ability to resolve the fiscal crisis have over the last weeks strengthened demand for sovereign debt. Japanese government bond futures rise to a 9 and half year high.

Digesting the Greek debt deal comments on Twitter dismissed it as another exercise in kicking the can down the road. A degree of kicking is obvious. There is, however a critical element in the new deal which goes further than any step taken so far to get Greece back on its feet. There is an implicit understanding that Greece will undergo some form of official-sector debt restructuring with euro zone countries at some point in the future forgiving a portion of Greece’s debt. This sort of last-ditch measure is usually reserved for impoverished states in Africa and Latin America. German finance minister Wolfgang Schaeuble came close to acknowledging such an eventuality on a later press conference.

Oil prices are down a dollar since yesterday. Brent crude is trading at 110. Gold is also down from 1750 to 1741 breaking the good upward trend seen over the last days. Silver at USD 34 is also down.

Copyright: United World Capital

UWC Neeraj

11-28-2012, 05:21 AM

VIDEO MARKET REVIEWS

28 November 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

28 November 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=O235jFvPQd8)

alayoua

11-29-2012, 05:01 AM

Daily Forex Analysis from FXCC Nov 29 2012

EU gives the go-ahead to Spanish bank restructuring plan

The European Commission announced on Wednesday its approval of the plans to restructure Spain's four nationalized banks: Bankia, Nova Caixa Galicia, Catalunya Caixa and Banco de Valencia. Vice President of the European Commission responsible for Competition Policy Joaquín Almunia said in the European morning that the injection of 37 billion euros of the bank rescue would require a 60% reduction in the size of the nationalized financial institutions by 2017.

Joaquín Almunia informed that during the negotiations with Spanish authorities and the banks in question it was established that the recapitalization funds would be distributed as follows: 18 billion euros for Bankia, 9 billion for Catalunya Caixa, 5.5 billion for Nova Caixa Galicia and 4.5 billion for Banco de Valencia. The four nationalized financial institutions should abandon conceding loans for high risk activities and should transfer 45 billion euros of toxic assets to the newly created bad bank. Catalunya Caixa and Nova Caixa Galicia are expected to be sold before 2017.-FXstreet.com
https://support.fxcc.com/email/technical/29112012/

UPCOMING EVENTS :
2012-11-29 08:55 GMT | Germany. Unemployment Change (Nov)
2012-11-29 10:30 GMT | United Kingdom. BoE's Governor King Speech
2012-11-29 13:30 GMT | United States. Gross Domestic Product Annualized (Q3)
2012-11-29 15:00 GMT | United States. Pending Home Sales (MoM) (Oct)

FOREX NEWS :
2012-11-29 06:12 GMT | EUR/GBP flat below 0.8100, 50% Fibo
2012-11-29 05:36 GMT | GBP/USD trying to push higher, eyeing 1.6020
2012-11-29 05:25 GMT | NZD/USD higher on US 'fiscal cliff' optimism
2012-11-29 04:09 GMT | EUD/USD bullish while above 1.2885 - Scotiabank

-------------------------
EURUSD :
HIGH 1.29611 LOW 1.29388 BID 1.29460 ASK 1.29465 CHANGE -0.05% TIME 08:50:54

https://support.fxcc.com/email/technical/29112012/EURUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Next on tap, resistance level at 1.2962 (R1). A break higher could open the door for an attack to next target at 1.2980 (R2) and final immediate resistance is seen at 1.2996 (R3). Downwards scenario: Further retracement formation on the medium-term might occur below the support level at 1.2939 (S1), break here is required to put focus on actual targets at 1.2921 (S2) and 1.2903 (S3).

Resistance Levels: 1.2962, 1.2980, 1.2996
Support Levels: 1.2939, 1.2921, 1.2903

--------------------------
GBPUSD :
HIGH 1.60202 LOW 1.60081 BID 1.60147 ASK 1.60155 CHANGE 0.01% TIME 08:50:55

https://support.fxcc.com/email/technical/29112012/GBPUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Upside risk aversion is seen above the resistance at 1.6021 (R1). Any violation of that level would be considered as signal of possible uptrend formation towards to our targets at 1.6031 (R2) and 1.6042 (R3).Downwards scenario: Though, our medium-term outlook is bearish. A break through support level at 1.6005 (S1) is possible en route towards to our intraday targets at 1.5994 (S2) and 1.5983 (S3).

Resistance Levels: 1.6021, 1.6031, 1.6042
Support Levels: 1.6005, 1.5994, 1.5983

-------------------------
USDJPY :
HIGH 82.214 LOW 82.006 BID 82.146 ASK 82.151 CHANGE 0.09% TIME 08:50:56

https://support.fxcc.com/email/technical/29112012/USDJPY.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: The pair might face key resistive bastion at 82.22 (R1). A break above it might activate upside pressure and suggest the short-term targets at 82.30 (R2) and 82.39 (R3). Downwards scenario: On a slightly longer term focus has returned to the support at 82.00 (S1). If the market manages to overcome it, next hurdle lies at 81.91 (S2) and 81.82 (S3).

Resistance Levels: 82.22, 82.30, 82.39
Support Levels: 82.00, 81.91, 81.82

Source: FX Central Clearing Ltd,( ECN Forex Brokers | Forex Converter | Forex Expert Advisors | FXCC (http://www.fxcc.com) )

UWC Neeraj

11-29-2012, 05:29 AM

29 NOVEMBER 2012: BIPARTISAN STATEMENTS TURN MARKETS AROUND

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

“The fiscal cliff” seems over the last couple of days to have taken over completely as the dominant theme in the market. Statements on Tuesday from the Democratic Senate leader, Henry Reid, expressing disappointing progress towards a budget compromise with the Republicans had the markets to tumble. Yesterday it was the other way around. When president Obama expressed hope for a deficit deal by Christmas markets made a sharp U-turn. Dow Jones and Nasdaq which had started in red territory, ended 0,83 and 0,81 percent up with Hewlett Packard, Chevron, American Express and Pfizer showing the way as cracks seemed to surface in the Republican front against any tax rises. Stocks rallied when House Speaker and leading Republican, Joe Boehner, stated that a compromise was possible to avoid the “fiscal cliff”.

Whether these remarks reflect the reality of the negotiations is another story. The “fiscal cliff” of budget cuts and tax hikes dominate the discussion and influence a world market driven by psychology. Optimistic statements are immediately given a positive spin regardless of realities. The markets are going to live with these sentiments in the coming weeks and we are most probably going to see volatility and big day-to-day changes in stocks as well as commodities and currencies. Yesterday gold was hardest hit and fell 40 dollar an ounce during the session. It has recovered and trades at present at 1722. Also oil and silver took a hard punch to normalize around USD 110 a barrels for Brent crude and 33,70 for silver.

Euro/USD fell 70 points during one session and saw a low on 1.2875 before climbing back to 1.2955 and the same level as last Friday when the common currency was strengthened by the prospects of a debt deal on Greece in Brussels. By finalizing the deal Monday night the Euro reached 1.3010 to plunge back to yesterday’s low levels. The comments from US policy makers rekindled hopes of avoiding a crash landing on the US budget; and strengthened the Euro.

USD/JPY has also demonstrated great volatility during the last week. It is now trading at 82,14 bouncing back from a week high on 81,68 against the dollar on Wednesday. The dollar has corrected after reaching a 7 ½ month high of 82,84 last week. The yen has been under pressure over the last couple of weeks on speculations about aggressive monetary easing in Japan after the elections in mid-December. It is expected that USD/JPY is going to continue to trade in a range between 81 and 83 till we have seen the outcome of the elections.

Asian shares touched their highest levels in more than three weeks. The MSCI-index for Asia-Pacific jumped 1 percent after ending a seven-day winning streak on Wednesday. Also commodities are up on “optimism” for reaching a compromise on the US-budget. Nikkei in Japan and Australian shares were up as the Shanghai composite index as yesterday saw its lowest level since January 2009.

Copyright: United World Capital

UWC Neeraj

11-29-2012, 05:32 AM

VIDEO MARKET REVIEWS

29 November 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

29 November 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=nfjdeDvn3Wo)

ForexFluke

11-29-2012, 08:33 AM

I hear there are a bunch of sell orders at 1.30, however, I have heard that there are a lot more buy orders than the sell orders, therefore we should work ourselves up through 1.30 (Source: http://www.fxfatcat.com). Target 1.31, that's mine anyway.

alayoua

11-30-2012, 02:05 AM

Daily Forex Analysis from FXCC Nov 30 2012

Moody's predicts softer EU GDPs in 2013

Following comments from Moody’s about Greece struggling to be back on a sustainable debt path, also adding that they see high odds of Greek default on privately held debt, the rating agency hit back again on Thursday, this time to remind Eurozone countries that growth for 2013 is expected to be meager. According to Moody's, the Euro zone GDP is expected to rise 0.2% next year, with France GDP projection at 0.4%, Germany to show a 1.2% increase, while contractions in the tune of 4.2% and 1.5% are expected in Greece and Spain respectively. If Greece leaves the euro zone, the EU GDP would fall 4.5%, Moody’s forecasts.

An official from the Greek finance ministry announced on Wednesday plans of hiring Deutsche Bank and Morgan Stanley to carry out the voluntary bond buyback. He affirmed that Deutsche Bank would take on the role of the principal supervisor, but would work closely together with Morgan Stanley. This decision comes after the EU and the IMF reached an agreement on conducting a debt repurchase aimed at reducing Greek debt to sustainable levels. Details of the buyback will be announced next week by the Greek debt management agency. As it has almost run out of money, the Greek government proposed that it would borrow 10 billion euros from the EFSF, which would allow it to buy 30 billion euros worth of debt, reducing thus its outstanding obligations by 20 billion euros. Greece still hasn't decided at what price it will offer the bond buyback to private holders of bonds.-FXstreeet.com
https://support.fxcc.com/email/technical/30112012/

UPCOMING EVENTS :
2012-11-30 07:00 GMT | Germany. Retail Sales (YoY) (Oct)
2012-11-30 10:00 GMT | European Monetary Union. Unemployment Rate (Oct)
2012-11-30 13:30 GMT | United States. Core Personal Consumption Expenditure - Prices Index (YoY) (Oct)
2012-11-30 13:30 GMT | Canada. Gross Domestic Product Annualized (QoQ) (Q3)

FOREX NEWS :
2012-11-30 05:39 GMT | GBP/USD flat below 1.6050, ‘favors the upside’ – V.Bednairk
2012-11-30 05:26 GMT | USD/JPY higher for the session, but still flat for the week
2012-11-30 04:28 GMT | EUR/USD soon expected to crack 1.30 - UBS
2012-11-30 03:42 GMT | GBP/JPY capped below 8-month highs 132.50

----------------------
EURUSD :
HIGH 1.30067 LOW 1.29694 BID 1.30015 ASK 1.30022 CHANGE 0.18% TIME 08:21:10

https://support.fxcc.com/email/technical/30112012/EURUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Extension of the stability above the 1.3013 (R1) level would keep the bullish structure intact and validate next intraday targets at 1.3028 (R2) and 1.3042 (R3). Downwards scenario: The hourly structure might turn into negative scenario if the price mange to overcome next support level at 1.2982 (S1) later on today. Supportive areas locates at 1.2967 (S2) and 1.2951 (S3).

Resistance Levels: 1.3013, 1.3028, 1.3042
Support Levels: 1.2982, 1.2967, 1.2951

---------------------------------
GBPUSD :
HIGH 1.60485 LOW 1.60346 BID 1.60462 ASK 1.60470 CHANGE 0.04% TIME 08:21:11

https://support.fxcc.com/email/technical/30112012/GBPUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: GBPUSD might find buyers above the important resistance level at 1.6058 (R1) (High of the 27/11/2012). Break here would open route towards to our next targets at 1.6067 (R2) and 1.6077 (R3). Downwards scenario: In regard to the descending movement, opportunities for bearish oriented traders is seen below the support level at 1.6033 (S1). Loss here would enable next supports at 1.6024 (S2) and 1.6013 (S3).

Resistance Levels: 1.6058, 1.6067, 1.6077
Support Levels: 1.6033, 1.6024, 1.6013

------------------------
USDJPY :
HIGH 82.545 LOW 82.046 BID 82.380 ASK 82.385 CHANGE 0.32% TIME 08:21:12

https://support.fxcc.com/email/technical/30112012/USDJPY.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: A violation of next resistance at 82.55 (R1) might call for a run towards to next target at 82.67 (R2) and any further appreciation would then be targeting 82.81 (R3). Downwards scenario: Near-term risks are directed to a drop back to the consolidation formation below the support at 82.28 (S1). In such case our intraday expected targets would be 82.14 (S2) and 82.00 (S3).

Resistance Levels: 82.55, 82.67, 82.81
Support Levels: 82.28, 82.14, 82.00

Source: FX Central Clearing Ltd,( Forex Calendar | Forex Trading Strategies | ECN Trading Forex | FXCC (http://www.fxcc.com) )

UWC Neeraj

11-30-2012, 06:32 AM

30 NOVEMBER 2012: ASIAN STOCKS AND EURO TRADE STRONGER

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

Telecommunications and health stocks were the winners in New York last night as Dow Jones and Nasdaq rose marginally. The Dow Jones industrial average passed the 13 000 mark and seems to end the week in positive territory. Investors were buying on sporadic dips roiled by conflicting comments from Washington about negotiations on a budget compromise to avoid the “fiscal cliff”, fear for a combination of budget cuts and tax hikes. Wall Street reversed early gains and fell after the Speaker of the House, leading Republican John Boehner, dashed hopes that lawmakers were getting closer to a deal. It picked up at greater optimism for a compromise at the end of the session. The extreme volatility in the markets is probably continuing as long with the stalemate in Congress.

Stock markets in Europe ended in positive territory yesterday on initial compromise optimism from both President Obama and the House Speaker Wednesday night. The exchanges in Asia started the trading day on a positive note. Asian shares rose to a nine-month peak Friday morning. Japan’s industrial output rose unexpectedly 1,8 percent in October, up for the first time in four months. This along with a new announced stimulus package from the Japanese government helped Nikkei win 0,8%. Also the Shanghai and Taiwan bourses produced healthy gains. The mining giant Rio Tinto is up 3 percent upon presenting savings and restructuring measures worth USD 5 billion.

Japanese yen is losing on the stimulus plans after gaining against the dollar earlier in the week. USD/JPY is trading at 82,45 well inside the newly established 81 – 83 corridor. Euro/USD is again stronger at 1.2999 up 50 points from yesterday’s start. The euro reached 1.3015 on Thursday, the highest level seen since 31st October. The euro is helped by the bail-out package for Greece. It is expected that a skeptical German parliament will approve the support for Greece in a vote today. This will probably give the euro a new temporary boost.

The US government said yesterday that third-quarter gross domestic product expanded at a 2,7 percent annual rate, the fastest pace since late 2011. Export growth help offset weakest consumer spending and the first drop in business investment in more than a year. Brent crude is trading at USD 110, 49 a barrel marginally up from Thursday. US crude futures, NYMEX, is falling 0,4 percent. Increased tensions and escalating violence in Syria and Egypt are stoking permanent fear of oil supply disruptions. Gold has gained back 20 dollars from yesterday’s steep fall and trades at 1727. Silver is at USD 34,20 an ounce, the same level as seen at the peak earlier in the week.

Copyright: United World Capital

UWC Neeraj

11-30-2012, 06:34 AM

VIDEO MARKET REVIEWS

30 November 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

30 November 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=PMRpCrr3rGs)

UWC Neeraj

12-03-2012, 04:30 AM

03 DECEMBER 2012: EURO AND ASIA RISE ON CHINESE MANUFACTURING

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

Euro/USD rose to 1.3048 and Asian stocks jumped to a nine-month high on further signs of a stabilizing Chinese economy boosted investor’s risk appetite. China’s vast manufacturing sector quickened in November for the first time in 13 months. HSBC bank’s Purchasing Managers’ Survey, PMI, rose to 50,5. A further evidence that the Chinese economy is picking up after quarters of slowing growth. China’s official PMI was even higher at 50,6. An official PMI for the non-manufacturing sector reached 55,6 led by construction services.

The upbeat Chinese manufacturing data helped the Euro reach a six-week high against the dollar. The Euro was also strengthened by Angela Merkel’s careful remarks that Germany, in a medium, longer term perspective, might consider to write off Greek’s debt if the country succeeds in getting its house in order.

The rhetoric on the “fiscal cliff” increased during the weekend when Democrats and Republicans went on the air to trade accusations on whom are mostly to blame for the budget stalemate. This also helped the euro. In spite that there still seem to be a huge distance to cross before any budget deal sight is in sight, markets nevertheless seem to have discounted a compromise. All asset classes posted gains in November with higher appetite for securities. Security markets except the Shanghai composite rose.

The Japanese Nikkei continues to rise on a lower yen and expectations for monetary easing after the parliamentarian elections in mid-December. The dollar steadied at 82,40 yen not far from the 82,84 yen touched on November 22. Speculators have over the last weeks boosted a short yen position which was at its highest since May 2007.

US, NYMEX crude and Brent futures are inching up at 89,16 and 111,57 respectively. Copper gained 0,3 percent to USD 8018 a metric ton. Gold is slightly up to 1719 on a weaker dollar. The DXY dollar index against a basket of major currencies are down 0,2 percent.

Copyright: United World Capital

UWC Neeraj

12-03-2012, 04:34 AM

VIDEO MARKET REVIEWS

3 December 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

3 December 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=itgurDCrDzo)

alayoua

12-03-2012, 05:14 AM

Daily Forex Analysis from FXCC Dec 03 2012

Merkel no longer discards losses on Greek debt

Weekend headlines suggest German Chancellor Angela Merkel may be re-thinking its stance over future Greece's debt haircuts, after she said on Sunday this is an option to consider, although not until the ongoing rescue program shows Greece's budget turned into a surplus. Since last Tuesday's deal to ease the mammoth-size debt burden that the Greek government suffers, so that its debt to GDP ratio can come down to 126.6% or thereabouts by 2020, Germany's posture on write-downs of Greek debt has been firm, saying that it would be illegal to pursue such scenario.

The majority of German Chancellor Angela Merkel's center-right coalition members as well as the main opposition parties supported the Greek deal. This outcome has positive implications for Merkel herself, as the vote was also a test of her lawmaker's support for her European policies, ahead of the federal elections scheduled for September 2013. During the debate preceding the vote German Finance Minister Wolfgang Schaeuble expressed his satisfaction with Greece's austerity efforts and emphasized that the speculation on another haircut on Greek debt could destabilize the situation in the Eurozone further. - FXstreet.com
https://support.fxcc.com/email/technical/03122012/

UPCOMING EVENTS :
2012-12-03 13:58 GMT | United States. Markit Manufacturing PMI (Nov)
2012-12-03 14:00 GMT | United States. ISM Prices Paid (Nov)
2012-12-03 15:00 GMT | United States. Construction Spending (MoM) (Oct)
2012-12-03 15:00 GMT | United States. ISM Manufacturing PMI (Nov)

FOREX NEWS :
2012-12-03 04:37 GMT | EUR/GBP firm above 0.8100
2012-12-03 00:02 GMT | USD/JPY capped below 82.50
2012-12-03 01:25 GMT | EUR/USD should advance towards 1.3140 - BBH
2012-12-03 00:47 GMT | AUD/USD breaks through 1.04 on disappointing Australian data

-----------------------
EURUSD :
HIGH 1.30471 LOW 1.29845 BID 1.30309 ASK 1.30316 CHANGE 0.35% TIME 08:14:27

https://support.fxcc.com/email/technical/03122012/GBPUSD.gif

OUTLOOK SUMMARY : UP
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Bullish

MARKET ANALYSIS - Intraday Analysis

Price action looks mainly consolidative on the hourly chart. Our next resistance stays at 1.3042 (R1). Market expansion towards to next targets at 1.3055 (R2) and 1.3075 (R3) looks reasonable if the price manages to overcome it.

Resistance Levels: 1.3042, 1.3055, 1.3075
Support Levels: 1.2968, 1.2958, 1.2938

-------------------------
GBPUSD :
HIGH 1.60476 LOW 1.60129 BID 1.60304 ASK 1.60313 CHANGE 0.15% TIME 08:14:28

https://support.fxcc.com/email/technical/03122012/GBPUSD.gif

OUTLOOK SUMMARY : Sideway
TREND CONDITION : Neutral
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Bearish

The instrument does not seem to have momentum to identify clear direction. Protective measures for the upside development is seen at 1.6058 (R1). Break here would suggest next intraday targets at 1.6067 (R2) and 1.6077 (R3).

Resistance Levels: 1.6058, 1.6067, 1.6077
Support Levels: 1.6020, 1.6011, 1.5999

--------------------------
USDJPY :
HIGH 82.502 LOW 82.266 BID 82.342 ASK 82.348 CHANGE -0.15% TIME 08:14:29

https://support.fxcc.com/email/technical/03122012/USDJPY.gif

OUTLOOK SUMMARY : Sideway
TREND CONDITION : Neutral
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Bullish

Instrument moves in range mode. In terms of technical levels next resistance level could be found at 82.74 (R1). Appreciation above it might enable next targets at 82.84 (R2) and 81.68 (R3) in potential.

Resistance Levels: 82.74, 82.84, 82.99
Support Levels: 82.04, 81.90, 81.68

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

WindsorBrokers

12-03-2012, 06:22 AM

EUR/USD

The Euro continues its rally after consolidation around 1.3000 and weekly close just below the figure. Fresh strength through 1.3000, also daily Ichimoku cloud top and 1.3020/25, previous highs / Fib 76.4%, opens way towards trendline resistance at 1.3082 and psychological 1.3100 barrier. 10-day EMA at 1.3020 offers initial support, ahead of more significant 1.3000, while any deeper dips should be contained at 1.2970/60, higher platform / 50% of 1.2879/1.3046, to keep immediate bulls intact. Conversely, violation of 1.2960/40 support zone, would delay bulls in favor of stronger retracement towards 1.2920/00, next support area.

Res: 1.3046, 1.3050, 1.3082, 1.3100
Sup: 1.3020, 1.3000, 1.2981, 1.2968

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20121203081102.gif

GBP/USD

Cable remains congested under strong 1.6050 barrier, following last Friday’s unsuccessful attempt to break higher. Near-term price action is entrenched within 1.6060 and 1.5960 range, as bulls run out of steam and indicators hold neutral tone. Upside break to open 1.6100, while penetration of 1.6000/1.5990 supports, would risk test of range floor and possibly open way for fresh weakness towards 1.5900.

Res: 1.6046, 1.6060, 1.6067, 1.6092
Sup: 1.6026, 1.6000, 1.5990, 1.5960

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20121203081037.gif

USD/JPY

The pair lacked momentum for full reversal of 82.83/81.68 descend, as rally from 81.68 stalled at 82.74 and subsequent corrective action is under way. Weekly close above 82.00 keeps bullish structure intact for possible attempt at psychological 83.00 level, with 82.00 expected to contain. Only violation of 81.68 support would sideline bulls and allow for stronger corrective action towards 81.40, Fib 38.2% of 79.06/82.83 and 81.00, round figure support.

Res: 82.50, 82.74, 82.83, 83.00
Sup: 82.20, 82.00, 81.90, 81.68

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20121203081009.gif

USD/CHF

The pair continues to trend lower, with series of loser lows, keeping focus at key near-term support and larger consolidation range floor at 0.9213. With fresh low being posted overnight and upside capped by descending 20 day EMA at 0.9260, bears remain fully in play. Negative studies on 1 and 4h chart support the notion. Only break above 0.9300, daily Ichimoku cloud base / Fib 61.8% of 0.9339/0.9242, would avert immediate downside risk.

Res: 0.9261, 0.9279, 0.9290, 0.9300
Sup: 0.9242, 0.9213, 0.9200, 0.9193

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20121203080925.gif

alayoua

12-04-2012, 02:47 AM

Daily Forex Analysis from FXCC Dec 04 2012

Spain makes formal request for EU funds to recapitalize ailing banks

Spain has formally requested aid for its ailing banking sector on Monday. 36.5 billion euros of bailout funds, including 2.5 billion euros for the “bad bank", are due to be released on December 12. Four nationalized Spanish banks will be the recipients of the funds: 18 billion will go to Bankia; 9 billion to CatalunyaBanc, 5 billion to Nova Caixa Galicia; 4.5 billion to Banco de Valencia. The release of the aid is expected to be approved by the Eurogroup during their monthly meeting today in the European afternoon.

Even though it is not the full sovereign bailout request awaited by the markets, the news caused the euro to spike to the 1.3075 region, a new six-week high against the dollar. - FXstreet.com
https://support.fxcc.com/email/technical/04122012/

UPCOMING EVENTS :
2012-12-04 10:00 GMT | European Monetary Union.Producer Price Index (YoY) (Oct)
2012-12-04 14:00 GMT | Canada.BoC Interest Rate Decision (Jan 4)
2012-12-04 14:00 GMT | Canada.BOC Rate Statement
2012-12-04 22:30 GMT | Australia.AiG Performance of Services Index (Nov)

FOREX NEWS :
2012-12-04 05:36 GMT | EUR/GBP in a 10 pip range for last 11 hours above 0.81
2012-12-04 03:20 GMT | EUR/JPY bulls looking for break above 107.65
2012-12-04 01:58 GMT | More EUR/USD gains yet to come - V.Bednarik
2012-12-04 01:10 GMT | USD/JPY double roof materializing at 78.6% Fibo

EURUSD :
HIGH 1.30645 LOW 1.30459 BID 1.30570 ASK 1.30575 CHANGE 0.04% TIME 08:05:53

https://support.fxcc.com/email/technical/04122012/EURUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

We expect resuming of the uptrend formation if the price manages to overcome next resistance level at 1.3071 (R1). Immediate focus comes on 1.3088 (R1) and 1.3103 (R3) in such scenario.

Resistance Levels: 1.3071, 1.3088, 1.3103
Support Levels: 1.3041, 1.3030, 1.3020

-------------------------
GBPUSD :
HIGH 1.61024 LOW 1.60865 BID 1.60943 ASK 1.60949 CHANGE 0.02% TIME 08:05:54

https://support.fxcc.com/email/technical/04122012/GBPUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

Break above the resistance level at 1.6115 (R1) might change market structure and determine medium term uptrend development. In such case, we suggest next targets at 1.6138 (R2) and any further rise would then be targeting to 1.6161 (R3) intraday.

Resistance Levels: 1.6115, 1.6138, 1.6161
Support Levels: 1.6072, 1.6059, 1.6049

USDJPY :
HIGH 82.249 LOW 82.042 BID 82.111 ASK 82.116 CHANGE -0.16% TIME 08:05:55

https://support.fxcc.com/email/technical/04122012/USDJPY.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

Our next support level stays at 82.06 (S1). Loss here might drive market price towards to next targets at 81.96 (S2) and 81.88 (S3) in perspective.

Resistance Levels: 82.28, 82.46, 82.68
Support Levels: 82.06, 81.96, 81.88

Source: FX Central Clearing Ltd,( ECN Forex Trading System | What Is Forex | Forex Live | FXCC (http://www.fxcc.com) )

UWC Neeraj

12-04-2012, 04:30 AM

04 DECEMBER 2012: WALL STREET FALLS ON WEAK DATA

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

Manufacturing activity in the United States surprisingly contracted in November, dropping to its lowest level in three years. The fiscal cliff remains, however, investors’ primary focus. The political haggling over how to deal with large automatic spending cuts and tax hikes scheduled to kick in at the beginning of the new year, threatens to threw the US economy into new recession. Both Dow Jones and Nasdaq fell back after three straight winning days for the US indexes. The S&P index which composes an average of US stocks, are in spite of yesterday’s weakness still up 12, 1 percent in 2012, making stocks one of the assets classes winners.

Asian bourses and the Japanese Nikkei edged down in early Tuesday trading when the weak US data triggered profit-taking on exporters. The US economy is key to the fortunes of Japanese exporters which rely heavily on consumption in the world biggest economy. Asian markets got a boost over the weekend when the Chinese economy demonstrated healthy manufacturing data and strong signals for a rebound. Yesterday’s gains were eaten by a new cold shower from the US. The Japanese yen which recently has fallen against the USD, fluctuated heavily yesterday. After USD/JPY had traded at its lowest levels in weeks, JPY recovered strongly on the weak US manufacturing data. It is now trading at 82,10.

The Euro/USD is still strong. It rose to 1.3076 during yesterday’s trading, the highest level seen since October 22. The Euro dropped against yen after rising to a seven-month high on 107,67 on Monday. A Greek bond buyback scheme at 65 – 70 % reduction of nominal value has attracted interest and also strengthened the common currency. There are small changes in other currency pairs. Australian dollar is stabile against yen and USD, and the Scandinavian currencies are demonstrating strength both against USD and Euro. EURO/USD is trading at 1.3054 at present.

Oil prices are down. Brent crude has tipped down a dollar to 110,54. Precious metals are also trading lower. After recovering from end of last week’s steep fall from 1750-level to 1707, gold traded at 1721 yesterday. This morning gold has dropped down to 1703, a fall of 15 dollar an ounce.

Copyright: United World Capital

UWC Neeraj

12-04-2012, 04:34 AM

VIDEO MARKET REVIEWS

4 December 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

4 December 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=rwywvXsrtrw)

WindsorBrokers

12-04-2012, 04:47 AM

EUR/USD

The single currency trades in a consolidative mode, after posting fresh high at 1.3074 yesterday. With previous high at 1.3046, protecting the downside along with ascending 20 day EMA and yesterday’s close above the latter, scope exists for attempt at initial 1.3100 target, clearance of which to open way towards key barriers at 1.3138 and 1.3170. However, further consolidative / corrective action cannot be ruled out, as 4h indicators are near overbought zone and moving sideways. Psychological 1.3000 support, also Fib 38.2% of 1.2879/1.3074 upleg and daily Ichimoku cloud top, is expected to contain any stronger pullback.

Res: 1.3074, 1.3082, 1.3100, 1.3138
Sup: 1.3045, 1.3028, 1.3000, 1.2977

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20121204080835.gif

GBP/USD

The pair maintains positive sentiment that emerged on yesterday’s break above 1.6050 congestion top and cracked initial target at 1.6100, spiking to 1.6114 so far. Shallow correction that was contained by 20 day EMA at 1.6085, keeps bulls in play for final push towards 1.6174/78 Oct / Now double-top, with interim barriers at 1.6124, Fib 61.8% of 1.6308/1.5826 and 1.6140, 26 Oct high. Overnight’s lows at 1.6085, offer immediate support, ahead of more significant 1.6050, previous resistance, reinforced by ascending 55 day EMA.

Res: 1.6114, 1.6140, 1.6174, 1.6178
Sup: 1.6085, 1.6060, 1.6050, 1.6026

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20121204080813.gif

USD/JPY

The pair comes under increased pressure, following upside rejection at 82.36, with fresh weakness attempting below 82.00 handle. Hourly studies remain negative, with 4h ones breaking into the negative territory. This increases risk of further weakness and test key near-term support and range floor at 81.68, 28 Nov low. Break here is seen as a trigger for stronger corrective action towards 81.40/00, Fibonacci support, also as confirmation of near-term double-top formation that would put near-term bulls on hold. Only bounce through yesterday’s intraday high at 82.36, would avert immediate downside risk.

Res: 82.00, 82.15, 82.36, 82.50
Sup: 81.68, 81.58, 81.39, 81.00

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20121204080750.gif

USD/CHF

The pair enters near-term consolidative phase, just above fresh low at 0.9239 and key support and near-term target at 0.9213. With hourly studies gaining traction, further sideways movements are likely, however, weak 4h structure and upside being limited by descending 20 day EMA at 0.9260 zone, does not leave much room for any significant corrective action.

Res: 0.9269, 0.9279, 0.9290, 0.9300
Sup: 0.9250, 0.9239, 0.9213, 0.9200

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20121204080732.gif

alayoua

12-05-2012, 02:11 AM

Daily Forex Analysis from FXCC Dec 05 2012

No breakthrough on banking union due to Franco-German dispute

A clash between France and Germany over banking supervision in the Eurozone prevented the Eurogroup from reaching an agreement on the EU banking union on Tuesday. EU finance ministers decided to hold an additional meeting on December 12, just ahead of the EU summit on December 13, by which time a deal on the banking union needs to be made. France and Germany are divided over the scope of ECB's powers as the Eurozone bank supervisor. France pushes for a solution in which the central bank would regulate all the financial institutions in the region, while Germany would like smaller banks to be excluded from this supervision. Berlin is also not too keen on seeing a full banking union formed that quickly, as it fears it will be obliged to pay for potential future banking losses in other Member States.

German finance minister Wolfgang Schäuble commented on France's proposition saying that there was no possibility for the central bank to supervise so many financial institutions, while his French counterpart Pierre Moscovici stated that the EU cannot introduce a system of dual supervision."We have no mandate for a dual system of supervision which would call into question the existence of a single system for some banks," the French finance minister argued. - FXstreet.com
https://support.fxcc.com/email/technical/05122012/

UPCOMING EVENTS :
2012-12-05 15:00 GMT | United States. ISM Non-Manufacturing PMI (Nov)
2012-12-05 20:00 GMT | New Zeeland. RBNZ Interest Rate Decision
2012-12-05 20:00 GMT | New Zeeland. Monetary Policy Statement
2012-12-05 20:00 GMT | New Zeeland. RBNZ Press Conference

FOREX NEWS :
2012-12-05 05:42 GMT | GBP/USD moves above 1.61, eyes 1.6130
2012-12-05 04:30 GMT | EUR/USD breaks above fresh 8-week highs
2012-12-05 03:00 GMT | EUR/JPY surges to 8-month highs on Nishimura statement
2012-12-05 04:55 GMT | AUD/USD bears defending 1.05

------------------------
EURUSD :
HIGH 1.31253 LOW 1.30906 BID 1.31074 ASK 1.31082 CHANGE 0.09% TIME 08:07:22

https://support.fxcc.com/email/technical/05122012/EURUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Medium term bias is positive for the pair. Risk of market appreciation is seen above the next resistance level at 1.3116 (R1). Loss here would suggest next target at 1.3129 (R2) and any further rise would then be targeting 1.3142 (R3).

Resistance Levels: 1.3116, 1.3129, 1.3142
Support Levels: 1.3090, 1.3080, 1.3072

----------------------
GBPUSD :
HIGH 1.61185 LOW 1.60938 BID 1.61062 ASK 1.61072 CHANGE 0.06% TIME 08:07:23

https://support.fxcc.com/email/technical/05122012/GBPUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Market is forming the right shoulder of the Head and shoulders figure on the hourly chart currently, from our next resistance level at 1.6115 (R1). Above here retracement formation might expand its power towards to resistance levels at 1.6124 (R2) and 1.6138 (R3).

Resistance Levels: 1.6115, 1.6124, 1.6138
Support Levels: 1.6091, 1.6080, 1.6064

-----------------------------
USDJPY :
HIGH 82.338 LOW 81.796 BID 82.263 ASK 82.268 CHANGE 0.45% TIME 08:07:24

https://support.fxcc.com/email/technical/05122012/USDJPY.gif

OUTLOOK SUMMARY : Sideway
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

Instrument moves sideways. In terms of technical levels next resistance level could be found at 82.29 (R1). Appreciation above it might enable next targets at 82.37 (R2) and 82.46 (R3) in potential.

Resistance Levels: 82.29, 82.37, 82.46
Support Levels: 82.16, 82.07, 81.94

Source: FX Central Clearing Ltd,( ECN Forex Trader | Forex Strategies | Forex Trading Software | FXCC (http://www.fxcc.com) )

UWC Neeraj

12-05-2012, 05:40 AM

05 DECEMBER 2012: OBAMA STAYS FIRM ON TAXES FOR RICH

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

President Barack Obama held his ground on the “fiscal cliff” Tuesday. In an interview with Bloomberg Television Obama stressed that no budget compromise was possible without the wealthiest Americans paying their fair share of common expenses. With less than a month left to confront budget cuts and tax increases that will take effect from January 1st unless Congress acts, Republicans seem increasingly in disarray over how far to go to compromise with Obama’s demands. In the interview Obama took a conciliatory tone, but excluded any further tax burdens on an embattled middle class.

The insecurity over whether total budget cuts and tax hikes amounting to USD 300 billion would be implemented in some few weeks’ time, has severely affected markets. Wall Street finished slightly lower in a quiet session with thin trading volumes. Hewlett Packard recovering from last week’s onslaught when its share prices dropped 15 % in one day, was together with Intel who announced a buy-back of own shares, the winners.

Asian shares rose Wednesday led by surging Chinese equities. The MSCI index for Asia-Pacific shares outside Japan were up 0,6 percent. Shanghai shares surged 3 percent to reclaim the 2000 point level. Hong Kong shares jumped 1,3 percent. Nikkei also inched up on a statement from Bank of Japan confirming willingness for more aggressive monetary easing. USD/JPY which during yesterday’s trading strengthened substantially and reached 81,75, fell back in morning trade to 82,25 supporting exporters.

Better than expected terms for Greek bonds buy-back plan raised optimism that Athens will secure much needed emergency aid to avert a default. The news took the euro/USD above 1.32 levels for the first time in months. The Euro was also helped by Obama’s statements that weakened the dollar and increased risk sentiments. Gold saw a new set-back and fell to 1685. It has recovered to 1701 in morning trade. Oil prices have as well recovered from yesterday’s lows. Brent crude is up 0,2 % trading above USD 110 a barrel.

Copyright: United World Capital

UWC Neeraj

12-05-2012, 05:43 AM

VIDEO MARKET REVIEWS

5 December 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

5 December 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=Gd9fYPHt30g)

alayoua

12-06-2012, 05:49 AM

Daily Forex Analysis from FXCC Dec 06 2012

S&P downgrades Greece to selective default

In an unsurprising headline, reflected by the marginal losses in EUR/USD since the news broke, the rating agency S&P has downgraded Greece's long-term debt rating to selective default from CCC. Greece is technically default. The Greek government invitation to private sector bondholders involvement to participate in the debt buybacks program triggered the decision by S&P. However, according to Jamie McGeever, Editor and presenter at Reuters TV, "once Greek buyback is done, probably on or around Dec 17, selective default will be over, so S&P will likely lift Greece back to CCC rating."

British Chancellor George Osborne delivered his Autumn Budget Statement before the parliament on Wednesday. He emphasized that the Eurozone debt crisis had been weighing on the UK economy and informed that the Office of Budget Responsibility slashed its GDP forecast to -0.1% in 2012 from +0.8%. The predictions for 2012 and 2013 are 1.2% and 2.0%, respectively. - FXstreet.com
https://support.fxcc.com/email/technical/06122012/

UPCOMING EVENTS :
2012-12-06 10:00 GMT | European Union. Gross Domestic Product s.a. (QoQ) (Q3)
2012-12-06 10:00 GMT | European Union. Gross Domestic Product s.a. (YoY) (Q3)
2012-12-06 12:00 GMT | UK. BoE Interest Rate Decision (Dec 6)
2012-12-06 12:45 GMT | ECB Interest Rate Decision

FOREX NEWS :
2012-12-06 06:01 GMT | GBP/USD below 1.61 ahead of BoE
2012-12-06 03:59 GMT | EUR/JPY in tight range below 108, ahead of ECB
2012-12-06 03:04 GMT | GBP/JPY pressing on fresh 8-month highs above 132.50
2012-12-06 00:40 GMT | AUD/USD on the rise after better than expected Aus jobs data

-----------------------
EURUSD :
HIGH 1.30769 LOW 1.30453 BID 1.30568 ASK 1.30572 CHANGE -0.06% TIME 08:12:20

https://support.fxcc.com/email/technical/06122012/EURUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

We expect resuming of the uptrend formation if the price manages to overcome next resistance level at 1.3085 (R1). Immediate focus comes on 1.3104 (R1) and 1.3126 (R3) in such scenario.

Resistance Levels: 1.3085, 1.3104, 1.3126
Support Levels: 1.3045, 1.3027, 1.3008

-----------------------
GBPUSD :
HIGH 1.61002 LOW 1.60859 BID 1.60882 ASK 1.60892 CHANGE -0.02% TIME 08:12:21

https://support.fxcc.com/email/technical/06122012/GBPUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

A medium-term bias is negative now though intraday bullish forces might be activated if the pair penetrates above the resistance level at 1.6115 (R1). Next immediate resistance levels holds at 1.6121 (R2) and 1.6129 (R3).

Resistance Levels: 1.6115, 1.6121, 1.6129
Support Levels: 1.6085, 1.6073, 1.6062

---------------------------
USDJPY :
HIGH 82.617 LOW 82.358 BID 82.442 ASK 82.445 CHANGE -0.03% TIME 08:12:22

https://support.fxcc.com/email/technical/06122012/USDJPY.gif

OUTLOOK SUMMARY : Sideway
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

We are not expecting significant price deviation later on today, though risk of positive tone establishment is seen above the next resistance level at 82.65 (R1). Any penetration above this level would put in focus higher targets at 82.77 (R2) and 92.97 (R3).

Resistance Levels: 82.65, 82.77, 82.97
Support Levels: 82.04, 81.92, 81.81

Source: FX Central Clearing Ltd,( Best Forex Broker | ECN Online Forex Trading | Forex Signal | FXCC (http://www.fxcc.com) )

UWC Neeraj

12-06-2012, 06:34 AM

06 DECEMBER 2012: NOKIA CAUSES FALL IN APPLE

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

US stocks ended mostly higher on Wednesday. Dow Jones gained 0,64 percent and is again trading above 13 000. Nasdaq ended in red after the largest US company by market capitalization, Apple, swallowed its biggest fall In share prices in four years. Apple fell 6 percent and is down more than 20 percent from an all-time high reached in late September. Market participants cited a host of reasons for the drop; the company is losing share in the tablet market and NOKIA joining ranks with China’s biggest smart phone maker will give Apple a tough fight on the Chinese market.

Banking shares went higher led by Citigroup which jumped 6,3 % on a 10 000 employees or 4 % cut in its workforce. Cyclical shares closely tied to economic growth, also rallied on optimism on progress on a solution to avoid the fiscal cliff. Obama met with business chief executives in Washington and stressed readiness for a compromise if Republicans acknowledged the need to raise taxes on the wealthiest Americans. If the Republicans demonstrate such willingness, a budget deal can be reached within a week. The Republican is under strong pressure not at least from their own constituencies and; cracks in the ranks and possible “defectors” are likely to appear.

In England the Finance minister, George Osborne presented a new austerity budget to the House of Commons admitting that to have fallen short to obtain former set targets set. The budget proposal is most probably going to raise a new heated debate on whether austerity measures as practiced in England, Greece and other Western European countries are the right medicine to fight sovereign debt, trade and budget deficits. “Osborne has no more tricks to play”, commented one of the biggest British dailies.

Obama’s “fiscal cliff” comments created optimism in Asia where shares rose to a 16-month high. The Japanese Nikkei climbed 0,8 percent helped by a weaker yen. USD/JPY trades at 82,45. Euro/USD eased to 1.3054 after reaching a seven-week high of USD 1.3127 Wednesday. A disappointing Spanish bond auction reminded investors of the fragile fiscal health both of Spain and inside the euro zone and prompted a sell-off in the single currency. The markets are today waiting for the European Central Bank’s policy decision and US labor market report tomorrow.

Oil prices have fallen over the last 24 hours. Brent crude is one dollar down and trades below USD 109 a barrel. Gold is under downward pressure and tested the lows for the week at USD 1685 an ounce yesterday.

Copyright: United World Capital

UWC Neeraj

12-06-2012, 06:35 AM

VIDEO MARKET REVIEWS

6 December 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX)

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6 December 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=ZI38hCdpixk)

UWC Neeraj

12-07-2012, 03:24 AM

07 DECEMBER 2012: EURO FALLS ON BLEAK OUTLOOK

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

The European Central Bank, ECB’s, bleak outlook for the euro zone presented at a press conference yesterday, created turbulence in the currencies markets. The euro/USD fell to its lowest level in one week at 1.2969, down 150 basis points from its high on Wednesday. The fall in the Euro has worsened by the political development in Italy where Silvio Berlusconi’s Freedom Party withdrew its support for the technocrat government of Prime Minister Mario Monti. This immediately put pressure also on Italian bonds.

The main trigger for the sharply negative euro reaction was the mention of a “wide discussion over rate cuts. ECB President Mario Draghi said policymakers had considered cutting its main 0,75 % policy rate before deciding to leave it on hold. Draghi added that the ECB also “operationally was ready for negative rates”. This caused the euro to tumble and led biggest one-day loss in the single currency in one month.

The Euro fell steeply also against yen and other currencies. USD/JPY is urging up at 82,48. The slid in the Euro helped push the dollar index, DXY, up to 80,236 rebounding from a six week low of 79,58. Investors’ eyes are now on US non-farm payrolls report to be published later today. A sharp slowdown in employment growth IS expected due to the disruptions caused by super storm Sandy.

Asian shares touched fresh 16-months on Friday following modest gains in global equities as investors watched progress in US budget talks. Recent indicators suggesting stabilized growth in China has helped improve sentiments in Asia. The MSCI index for Asia-Pacific shares rose 0,6 percent and has gained 17 percent during 2012. Hong Kong shares reached a 16-month high. In the US a rebound in Apple helped boost technology shares on quiet exchanges.

Oil prices fell heavily yesterday. Brent crude tipped below USD 107 a barrel, but has recovered somewhat. Gold is again trading above USD 1700 an ounce.

Copyright: United World Capital

UWC Neeraj

12-07-2012, 03:26 AM

VIDEO MARKET REVIEWS

7 December 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX)

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7 December 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=lE8V_XaX6D4)

alayoua

12-07-2012, 04:15 AM

Daily Forex Analysis from FXCC Dec 07 2012

ECB, Berlusconi Hit EURUSD Hard

Lower by 0.73% in the morning session, the EURUSD is being weighed down by major developments in Europe. Specifically, sparks of political instability in one of the troubled EU members, as well as a pessimistic outlook on Europe’s growth potential is making it difficult for traders to be bullish the Euro. The sentiment has traders and technicians eyeing the 1.2900 as the next viable support barrier. Although leaving the benchmark interest rate at 0.75% early in the morning, the European Central Bank issued a dour note when it came time to assess the economic future of the European Union. In a post decision press conference, ECB President Mario Draghi noted that significant headwinds had placed pressure on a potential regional recovery. So much so that growth prospects for next year were forecasted lower, with the 17-member Union looking to either remain unchanged or contract slightly. Official estimates now lie between a 0.3% pace of growth and a 0.9% contraction in 2013.

Additionally, Draghi noted that “available statistics and survey indicators continue to signal further weakness in activity in the last quarter of the year”.This isn’t seen as favorable for the Euro, which was expecting a slight recovery in the European Union next year – at a pace of 0.5%. - FXstreet.com
https://support.fxcc.com/email/technical/07122012/

UPCOMING EVENTS :
2012-12-07 10:00 GMT | EMU.ECB President Draghi's Speech
2012-12-07 13:30 GMT | Canada.Net Change in Employment (Nov)
2012-12-07 13:30 GMT | Canada.Unemployment Rate (Nov)
2012-12-07 13:30 GMT | USA.Nonfarm Payrolls (Nov)

FOREX NEWS :
2012-12-07 05:50 GMT | GBP/USD unchanged around 1.0650; UK, US data eyed
2012-12-07 02:58 GMT | EUR/JPY grinds back up to 107 after overnight drop
2012-12-07 06:06 GMT | Will NFP confirm EUR/USD weekly losses?
2012-12-07 00:38 GMT | AUD/USD, Australia trade number discourages volatility; stops above 1.0525

----------------------
EURUSD :
HIGH 1.29724 LOW 1.29548 BID 1.29564 ASK 1.29571 CHANGE -0.09% TIME 08:05:55

https://support.fxcc.com/email/technical/07122012/EURUSD.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Current price deviation might face next support level at 1.2950 (S1). We expect price downgrade towards to our targets at 1.2942 (S2) and 1.2931 (S3) as a part of consolidation formation in case of successful penetration below it.

Resistance Levels: 1.3048, 1.3070, 1.3092
Support Levels: 1.2950, 1.2942, 1.2931

-----------------------
GBPUSD :
HIGH 1.60573 LOW 1.60359 BID 1.60533 ASK 1.60542 CHANGE 0.02% TIME 08:05:56

https://support.fxcc.com/email/technical/07122012/GBPUSD.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Price might retest our support at 1.6034 (S1) on the downside. Break here would suggest next target at 1.6037 (S2) and any further fall would then be targeting to 1.6012 (S3).

Resistance Levels: 1.6082, 1.6094, 1.6117
Support Levels: 1.6034, 1.6027, 1.6012

--------------------
USDJPY :
HIGH 82.564 LOW 82.363 BID 82.379 ASK 82.384 CHANGE 0% TIME 08:05:57

https://support.fxcc.com/email/technical/07122012/USDJPY.gif

OUTLOOK SUMMARY : Sideway
TREND CONDITION : Neutral
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Instrument trapped to the range mode trading and we are not expecting significant deviation from its average parameters today. Risks of market strengthening are seen above the next resistance level at 82.46 (R1). Our suggested targets locate at 82.55 (R2) and 82.61 (R3).

Resistance Levels: 82.46, 82.55, 82.61
Support Levels: 82.29, 82.19, 82.12

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

alayoua

12-10-2012, 02:32 AM

Daily Forex Analysis from FXCC Dec 10 2012

Italian PM Monti announces intention to resign; early elections likely in February

The political news coming from Italy, in which current primer minister Mario Monti plans to resign once the 2013 budget goes through parliament and is approved, are not sitting well with the Euro, as investors anticipate it may lead to a new chapter in the EU crisis. The prospects of higher Italian bond yields when Europe opens weighs on the Euro. The Italian general elections, upon final confirmation, will likely be celebrated in February. Former primer minister Silvio Berlusconi is to run as centre-right candidate, and with the threat of an 'Il Cavaliere'-led anti-euro campaign looming, traders have logically turned cautious. The leading centre-left PD party is still in control, with Berlusconi's centre-right PDL behind by over 16 points.

According to NAB: "Prospects of Italian bond yields spiking higher when Europe opens is driving the euro lower. EUR bears would though do well to note that the People of Liberty party currently trails the centre-left Democratic party by 20% points. Plus, the re-appearance of Mr Berlusconi to the centre of the Italian political stage may well prompt Mr Monti to make him himself available for re-selection as PM after elections now seen likely to occur next February, three months earlier than originally intended." - FXstreet.com
https://support.fxcc.com/email/technical/10122012/

UPCOMING EVENTS :
2012-12-10 13:15 GMT | Canada.Housing Starts s.a (YoY) (Nov)
2012-12-10 17:15 GMT | UK.BoE's Governor King Speech
2012-12-10 21:00 GMT | Australia.REINZ House Price Index (MoM) (Nov)
2012-12-10 21:45 GMT | Australia.Electronic Card Retail Sales (MoM)/(YoY) (Nov)

FOREX NEWS :
2012-12-10 05:33 GMT | GBP/USD outlook bearish below 1.6065 – V.Bednarik
2012-12-10 04:41 GMT | EUR/JPY offered toward 106.00; yen more bid
2012-12-10 03:49 GMT | EUR/USD bears beware ahead of Spanish bailout - UBS
2012-12-10 02:26 GMT | AUD/USD slips to 1.0465 on downbeat China trade numbers

----------------------------
EURUSD :
HIGH 1.29157 LOW 1.28871 BID 1.29066 ASK 1.29074 CHANGE -0.13% TIME 08:12:00

https://support.fxcc.com/email/technical/10122012/EURUSD.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Low

MARKET ANALYSIS - Intraday Analysis

Pair is losing its neutral structure, as the price has tested new lows today. Next immediate support locates at 1.2888 (S1). Break here is required to enable bearish pressure towards our targets at 1.2867 (S2) and 1.2846 (S3).

Resistance Levels: 1.2929, 1.2952, 1.2971
Support Levels: 1.2888, 1.2867, 1.2846

-----------------------
GBPUSD :
HIGH 1.60426 LOW 1.60172 BID 1.60240 ASK 1.60247 CHANGE -0.07% TIME 08:12:01

https://support.fxcc.com/email/technical/10122012/GBPUSD.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

Bearish penetration below the support at 1.6007 (S1) might determine negative sentiment for the remaining of the day with possible targets in focus at 1.5994 (S2) and 1.5982 (S3) intraday.

Resistance Levels: 1.6041, 1.6057, 1.6070
Support Levels: 1.6007, 1.5994, 1.5982

------------------------
USDJPY :
HIGH 82.639 LOW 82.374 BID 82.410 ASK 82.415 CHANGE -0.07% TIME 08:12:04

https://support.fxcc.com/email/technical/10122012/USDJPY.gif

OUTLOOK SUMMARY : Sideway
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Low

We are not expecting significant price deviation later on today, though risk of positive tone establishment is seen above the next resistance level at 82.57 (R1). Any penetration above this level would put in focus higher targets at 82.68 (R2) and 82.77 (R3).

Resistance Levels: 82.57, 82.68, 82.77
Support Levels: 82.30, 82.20, 82.11

Source: FX Central Clearing Ltd,( Forex Calculator | ECN Forex Training | Forex Demo Account | FXCC (http://www.fxcc.com) )

WindsorBrokers

12-10-2012, 04:23 AM

EUR/USD

The Euro starts the week under increased pressure, despite Friday’s close above 1.2900 handle, as gap lower open tested levels below 50% of 1.2660/1.3125 ascend. With bears fully in control on lower timeframes studies, and failure to fill the gap, further weakness is seen as likely near-term scenario. Immediate target lies at 1.2839, Fib 61.8%, ahead of strong support zone at 1.2820, where daily Ichimoku cloud base and bull-trendline off 1.2042 lie. Overnight’s high at 1.2914, reinforced by hourly 200 day EMA, offer initial resistance, followed by 1.2950, 06 Dec low / 07 Dec intraday high / 55 day EMA and 1.2971, 07 Dec high / Fib 38.2% of 1.3125/1.2876. Only regain of psychological 1.3000 barrier, also 50% retracement, would avert immediate downside risk.

Res: 1.2914, 1.2950, 1.2971, 1.3000
Sup: 1.2876, 1.2839, 1.2825, 1.2800

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20121210080855.gif

GBP/USD

Cable’s near-term price action moves above psychological 1.6000 support, also last Friday’s low, with gains being capped by 4h 55 day EMA at 1.6040 zone. Negative hourly studies are lacking momentum for stronger recovery, as additional pressure comes from 4h indicators that moved into negative territory. This keeps immediate focus at the downside, as loss of 1.6000 handle is expected to open way for further retracement of 1.5826/1.6129 rally and confirm double-top pattern. Immediate downside targets lie at 1.5978/60, Fib 50% / 28 now low, below which to possibly target 1.5942/00, Fib 61.8% / 76.4% retracement. Overnight’s high at 1.6042, offers initial resistance, while break through 1.6060, Last Friday’s high and 50% of 1.6127/1.6000, would provide relief and signal basing attempt.

Res: 1.6032, 1.6042, 1.6060, 1.6090
Sup: 1.6012, 1.6000, 1.5987, 1.5960

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20121210080835.gif

USD/JPY

Near-term tone shows signs of improvement, as hourly / 4h studies broke higher and the price attacked 82.80 barrier and near-term range –top. However, failure to clear 83.00 barrier, shows lack of momentum and keeps the range barrier intact for now. Holding above 82.20, 55 day EMA, would keep the prospect for possible fresh attempt high, while break below would shift near-term focus lower and expose 82.00 and 81.70, range floor.

Res: 82.63, 82.74, 82.83, 83.00
Sup: 82.20, 82.00, 81.68, 81.58

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20121210080759.gif

USD/CHF

The pair maintains near-term positive stance, following break above important 0.9300/40 barriers and extension higher that so far retraced over 50% of 0.9511/0.9239 decline at 0.9381. Overnight gap-higher opening and approach to important 0.9400/20 resistance zone, keeps the downside protected for now and looks for further retracement. However, extended hourly conditions may signal further consolidation, with 0.9320 zone, last Friday’s lows, reinforced by ascending 55 day EMA, expected to contain. Break of 0.9400 and 0.9420, 200 day MA, is required to resume recovery and signal triple-bottom.

Res: 0.9368, 0.9381, 0.9400, 0.9430
Sup: 0.9346, 0.9325, 0.9315, 0.9300

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20121210080738.gif

UWC Neeraj

12-10-2012, 06:16 AM

10 DECEMBER 2012: ASIAN SHARES FIRM ON US OPTIMISM

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

Asian stocks stayed firm at its 16-month high Monday morning as better growth outlook for US and China gave raise to modest optimism. This came after US consumer confidence plunged in early December as fear over imminent tax raises and spending cuts, the fiscal cliff, outweighed the better than expected raise in non-farm payrolls job data. Unemployment fall from 7,9 to 7,7 % in November adding 146 000 new jobs suggests a modest momentum in US economy. The drop in unemployment figures is, however, mainly due to 350 000 people leaving the labor market.

The Asia Pacific share index rose 0,3 percent. The index was up 1 percent last week for its third successive weekly gain. Regional Asian market was Sunday further boosted when China reported a pick-up in factory output and retail sales after stagnating for seven quarters. Chinese exports and imports were, however, delivering below forecast presenting a mixed picture.

The Euro/USD continues to slide. Euro reached a two week low of 1.2876 on Friday after the German central back warned that Germany, the biggest economy inside the euro zone, might soon enter into recession. The Euro is at present trading at 1.2893. The pro Euro Italian Prime Minister, Mario Monti, announced during the weekend that his government will withdraw. That will put the Euro under increased pressure. The development in ten-year Italian bonds which are seen as a main confidence barometer for investors shall be closely followed today.

The American dollar is up 0,3 percent against a basket of major currencies. Commodity markets led by copper are generally firmer on expectation of stronger Chinese industrial demand. Oil prices are stabilizing after falling steeply last week. Brent crude trades at USD 107,40 a barrel. Gold (1706) and silver (33,14) are up from Friday.

Copyright: United World Capital

UWC Neeraj

12-10-2012, 06:22 AM

VIDEO MARKET REVIEWS

10 December 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX)

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10 December 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=4sTaSWyPniw)

UWC Neeraj

12-11-2012, 03:44 AM

11 DECEMBER 2012: EUROPEAN LEADERS URGE MONTI TO STAY

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

EU leaders urged the next Italian government to stick to Mario Monti’s reform agenda after the Prime Minister’s surprise decision to resign earlier than expected. Silvio Berlusconi’s return to front-line politics rattled the financial markets in Europe. Ten year Italian bonds, a good barometer on investor’s confidence, fell to 4,75 percent. EURO/USD also fell well below 1,29 on Monday, but has since recovered and trades at 1.2942 in early Asian trading.

Monti’s surprise weekend announcement came after Berlusconi’s People of Freedom Party withdraw its support for his technocrat government which over the last year has brought some predictability back to Italian politics. Monti, a former EU-Commissioner, has been seen as Brussels’ man and enjoy strong support from Germany’s Angela Merkel. Monti is a strong supporter of the Euro in contrast to Berlusconi who is seen as a Euro skeptic. Italian shares fell along with bonds yesterday. New elections are scheduled for February.

In the US political haggling over the “fiscal cliff” continues with no solution in sight as the clock is ticking closer to the 31st December deadline. US indexes ended flat with low turn-over. Asian stocks are marginally up. Australian stocks gained 0,4 percent on stronger commodity prices and better prospects for China. The Japanese Nikkei dropped after successive days of gain. A 10 % rally over the last month has worried investors as see signs of over buying.

The dollar firmed against Yen trading at 82,40. JPY is also under pressure by expectations of monetary easing by the Bank of Japan (BOJ). Oil prices were up during yesterday’s trade. Brent crude reached USD 108 a barrel, but has as gold and precious metals fallen back in early Asian trade. Brent trades at 107,25 and gold has dropped from 1715 to 1708.

Copyright: United World Capital

UWC Neeraj

12-11-2012, 03:47 AM

VIDEO MARKET REVIEWS

11 December 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

11 December 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=0bRRW6tFiU8)

alayoua

12-11-2012, 05:10 AM

Daily Forex Analysis from FXCC Dec 11 2012

Silvio Berlusconi Makes Trouble For EURUSD Bulls

Although the single currency is higher on the day, it’s abundantly clear that the recent resignation by Italian Prime Minister Mario Monti is keeping Euro bulls at bay. The prime minister is now scheduled to step down following the 2013 budget vote taking place before the end of the year – instead of serving till April of next year. The announcement changes the political landscape of the largest of the troubled peripheral nations, and will likely add to recent pessimism when it comes to the single currency. However, with public discontent over recent austerity and tax increases rising, many of Monti’s previous allies have fallen away. In particular, former Prime Minister Silvio Berlusconi and his People of Freedom (PDL) party, have become disenchanted with the current administration. The sentiment was heightened last week when representatives of the PDL walked out of an economic reform vote – calling for a vote of no-confidence in the prime minister. The notion was unfortunately backed by several other members of the Democratic Party – Monti’s major backer in the political arena.

With Monti’s final resignation to come in the next few weeks, it will be up to Italian President Giorgio Napolitano to dissolve parliament, and either appoint a successor or keep Monti as the country’s PM. General elections will follow, placing the date somewhere in February 2013 at the earliest. - FXstreet.com
https://support.fxcc.com/email/technical/11122012/

UPCOMING EVENTS :
2012-12-11 10:00 GMT | Germany.ZEW Survey - Economic Sentiment (Nov)
2012-12-11 13:30 GMT | USA.Trade Balance (Oct)
2012-12-11 23:30 GMT | Australia.Westpac Consumer Confidence (Dec)
2012-12-11 23:50 GMT | Japan.Machinery Orders (YoY) (Oct)

FOREX NEWS :
2012-12-11 04:59 GMT | AUD/USD strengthens on China data
2012-12-11 04:42 GMT | EUR/USD breaking to fresh session highs on better than expected China data
2012-12-11 03:55 GMT | GBP/JPY bears defending 132.50
2012-12-11 01:20 GMT | EUR/AUD on fresh session highs following bad Aussie confidence data

----------------------------
EURUSD :
HIGH 1.29622 LOW 1.29287 BID 1.29597 ASK 1.29601 CHANGE 0.15% TIME 08:05:06

https://support.fxcc.com/email/technical/11122012/EURUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

MARKET ANALYSIS - Intraday Analysis

We expect resuming of the uptrend formation if the price manages to overcome next resistance level at 1.2968 (R1). Immediate focus comes on 1.2981 (R2) and 1.2996 (R3) in such scenario.

Resistance Levels: 1.2968, 1.2981, 1.2996
Support Levels: 1.2905, 1.2891, 1.2877

-------------------
GBPUSD :
HIGH 1.60873 LOW 1.6069 BID 1.60870 ASK 1.60879 CHANGE 0.08% TIME 08:05:07

https://support.fxcc.com/email/technical/11122012/GBPUSD.gif

OUTLOOK : SUMMARY
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

The initial uptrend formation was resumed later today. Possible targets are located at 1.6094 (R2) and 1.6102 (R3), in case of successful penetration above the next resistance level at 1.6087 (R1).

Resistance Levels: 1.6087, 1.6094, 1.6102
Support Levels: 1.6063, 1.6052, 1.6042

-----------------
USDJPY :
HIGH 82.437 LOW 82.305 BID 82.310 ASK 82.315 CHANGE -0.06% TIME 08:05:08

https://support.fxcc.com/email/technical/11122012/USDJPY.gif

OUTLOOK SUMMARY : Sideway
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

USD/JPY trades in non-directional basis on the medium term perspective. Further price decrease is expected below the next support level at 82.28 (S1). Break here is required to enable next targets at 82.20 (S2) and 82.14 (S3).

Resistance Levels: 82.44, 82.50, 82.56
Support Levels: 82.28, 82.20, 82.14

Source: FX Central Clearing Ltd,( Forex Blog | Forex Market Hours | ECN Automated Forex Trading] | FXCC (http://www.fxcc.com) )

WindsorBrokers

12-11-2012, 06:05 AM

EUR/USD

The Euro steadies above 1.2900 support, with overnight’s brief break above initial 1.2950 resistance, lacking momentum for test of more significant 1.2970, Fib 38.2% and 1.3000, round figure / 50% retracement of 1.3125/1.2876. Hourly studies are losing traction, while 4h 20 day EMA capping and indicators in the negative territory, with Stochastic reversing, seeing the downside still vulnerable. Failure to regain 1.3000 handle that would open way for stronger recovery, sees risk of retesting 1.2900/1.2876, to possibly trigger further retracement of larger 1.2660/1.3125 ascend.

Res: 1.2961, 1.2971, 1.3000, 1.3030
Sup: 1.2927, 1.2900, 1.2885, 1.2876

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20121211080342.gif

GBP/USD

Cable holds near-term positive tone, established on a strong bounce from 1.6000 support zone, despite yesterday’s rejection on approach to psychological 1.6100 barrier. While the near-term consolidation holds above 1.6060, previous resistance, scope exists for fresh attempt higher, with clearance of 1.6100 and more important 1.6129 double-top, required to confirm bullish stance. Otherwise, loss of 1.6060, also 55 day EMA, would see increased risk of re-visiting 1.6000 area. Hourly studies are losing momentum, while 4h indicators are about to break above the midlines, with regain of 1.6100, required to confirm.

Res: 1.6086, 1.6095, 1.6100, 1.6127
Sup: 1.6060, 1.6042, 1.6012, 1.6000

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20121211080322.gif

USD/JPY

The pair holds in the middle of near-term 81.70/82.83 range, following unsuccessful attempt at upper boundary and dips being contained above psychological 82.00 support. Near-term studies remain neutral, with break of either side of the range, required to establish fresh direction.

Res: 82.43, 82.63, 82.74, 82.83
Sup: 82.29, 82.10. 82.00, 81.68

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20121211080303.gif

USD/CHF

The pair holds near-term positive tone, as reversal from last Friday’s fresh high at 0.9381, finds ground at initial support at 0.9320, reinforced by 20 day EMA. Positive 4h chart structure keeps the upside in focus, with hourly studies starting to point higher and gaining bullish momentum. Regain of important 0.9400 barrier is seen as initial signal of bullish resumption, with break above 200 day MA at 0.9420 and previous peaks at 0.9430 zone, required to confirm. Conversely, loss of 0.9320/00 would revive bears and re-expose 0.9239 and key support at 0.9213.

Res: 0.9368, 0.9381, 0.9400, 0.9430
Sup: 0.9320, 0.9300, 0.9263, 0.9254

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20121211080243.gif

alayoua

12-12-2012, 05:14 AM

Forex Technical & Market Analysis Dec 12 2012

Greek banks tender rest of Greek debt holdings to help reach buyback target
According to reports, Greece has reached the bond buyback target at 31.5 billion euros on Tuesday. The deadline for submitting bids was extended by one more day yesterday, due to the inability to reach the expected 30 billion euros by initial deadline which ended on December 7 at 17:00 GMT. Greek banks probably tendered the total amount of the Greek debt they hold in order to help cover the difference between the 26.5 billion euros received last Friday and the the expected 30 billion euros. This means that the EU and the IMF will now be able to unblock the next bailout tranche for the indebted country.

Spain held a debt auction on Tuesday during which it managed to sell 3.89 billion euros of 12- and 18 -month government bods, above the targeted 3.5 billion euros. 2.39 billion euros of 12-month bills were auctioned at an average yield of 2.556%, down from 2.797% seen at the previous auction. The bid to cover ratio was at 2.46, compared with the previous 2.12. 1.5 billion euros of 18-month bonds were sold at an average yield of 2.778% versus 3.034%. The bid to cover ratio was at 2.7 from 5.72 seen previously.
http://blog.fxcc.com/forex-technical-market-analysis-december-12-2012/

Forex Calendar
2012-12-12 09:30 GMT | UK.Claimant Count Change (Nov)
2012-12-12 17:30 GMT | USA.Fed Interest Rate Decision (Dec 12)
2012-12-12 19:00 GMT | USA.FOMC Economic Projections
2012-12-12 19:15 GMT | USA.Fed’s Monetary Policy Statement and press conference

Forex News
2012-12-12 05:48 GMT | GBP/USD tight in range ahead of UK, US events
2012-12-12 04:00 GMT | GBP/JPY just 30 pips below year 2012 highs
2012-12-12 02:27 GMT | AUD/USD stalls below 1.0540 awaiting RBA Stevens
2012-12-12 00:49 GMT | EUR/USD: tight ranges circa 1.3000 expected pre-Fed

--------------
EURUSD
HIGH: 1.30141 | LOW: 1.29968 | BID: 1.29974 | ASK: 1.29980 | CHANGE: -0.06% | TIME: 08:14:53

https://support.fxcc.com/email/technical/12122012/EURUSD.gif

OUTLOOK SUMMARY: Down
TREND CONDITION: Downward penetration
TRADERS SENTIMENT: Bearish
IMPLIED VOLATILITY: High

MARKET ANALYSIS – Intraday Analysis
Price setup is looking for a pullback development. Downside fluctuations remains for now limited to next support level at 1.2984 (S1), only clear break here would be a signal of market easing with next targets at 1.2971 (S2) and 1.2958 (S3).

Resistance Levels: 1.3014, 1.3028, 1.3042
Support Levels: 1.2984, 1.2971, 1.2958

--------------
GBPUSD
HIGH: 1.61203 | LOW: 1.60999 | BID: 1.61110 | ASK: 1.61119 | CHANGE: -0.01% | TIME: 08:14:54

https://support.fxcc.com/email/technical/12122012/GBPUSD.gif

OUTLOOK SUMMARY: UP
TREND CONDITION: Sideway
TRADERS SENTIMENT: Bearish
IMPLIED VOLATILITY: High

The market seems to be trading in a range. If the market participants manage to push the price below the support level at 1.6089 (S1) the instrument has an increased likelihood of failing towards to next targets at 1.6071 (S2) and 1.6054 (S3).

Resistance Levels: 1.6130, 1.6144, 1.6158
Support Levels: 1.6089, 1.6071, 1.6054

--------------
USDJPY
HIGH: 82.69 | LOW: 82.481 | BID: 82.654 | ASK: 82.659 | CHANGE: 0.19% | TIME: 08:14:55

https://support.fxcc.com/email/technical/12122012/USDJPY.gif

OUTLOOK SUMMARY: Up
TREND CONDITION: Sideway
TRADERS SENTIMENT: Bearish
IMPLIED VOLATILITY: High

USD/JPY did not find priority in direction yet. Climb above the next resistance level at 82.70 (R1) might provide market with sufficient bullish power and attack next targets at 82.76 (R2) and 82.82 (R3) later on today.

Resistance Levels: 82.70, 82.76, 82.82
Support Levels: 82.32, 82.26, 82.20

Source: FX Central Clearing Ltd,( Forex Strategy | ECN Forex Trading Systems | Forex Exchange Rates | FXCC (http://www.fxcc.com) )

UWC Neeraj

12-12-2012, 05:57 AM

12 DECEMBER 2012: WORLD STOCK MARKETS GROW ON POSITIVE EXPECTATIONS FROM FRS MEETING

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

The stock market in the USA has finished trading session rising on positive expectations concerning results of negotiations of politicians about reduction of state expenses and a country budget deficit. Index Dow Jones reached level of 13248.44 and added 0.59%, S&P increased for 0.65%.

Today in Vienna the next meeting of the countries of exporters of oil of OPEC will take place. Main question: discussion of quotas of oil production. According to Platts agency the cartel extracts 31,08 million barrels per day at a quota in 30 million. There will not be eventual influence on an environment of the oil market. This morning the oil futures are adding in price with Brent traded on 106.90 and Light on 86.35.

In India industrial production in October grew by 8,2%, increase for 4,5% was expected. In the last three months the government of India undertook a number of measures for attraction to the country of foreign investments, and also developed the steps directed on maintenance of internal demand and export. The reserve bank of India also tries to support economic growth and, in particular, gave a feeling that can reduce the main rates in the next quarter.

Democratic People's Republic of Korea carried out Ynkha-3 rocket start with an artificial Earth satellite "Kvanmenson-3". This is the second attempt then North Korea was trying to send the satellite on orbit, the rocket firing which taken place in April has ended with a failure. Japan regarded rocket start as violation of the international norms and decisions. Special session of UN Security Council on start of "Ynkhi-3", which Japan demanded to carry out, can pass already today.

Euro grows the second day in relation to dollar after the report showed that the trust of the German investors grew in December to a 7-month maximum. The German index of economic expectations of ZEW in December unexpectedly jumped up from -15,7 points to positive value in 6,9 points though -12 points were expected. This morning EUR/USD managed to stabilize above level of 1.30 and is traded on a level 1.3001.

Copyright: United World Capital

alayoua

12-13-2012, 04:47 AM

Forex Technical & Market Analysis Dec 13 2012

After the agreement among EU finance ministers to allow the ECB to supervise banks in the Euro-zone, a stream of follow-up headlines continues via Reuters, saying that the ECB new supervisory role should be up and running by end of 2013. Decision was unanimous, EU’s Commissioner Faull said. Meanwhile, French Finance Minister Pierre Moscovic notes, via Reuters: “ECB will supervise 3 biggest banks in each country, with the Euro area to have uniform banking rules.” He also added that “the ECB supervision is first step to Euro banking union…”

Schaeuble, German FinMin said to Reuters reporters “the EU wants the ECB oversight in full in 2014″, with other parallel comments from officials saying ECB supervisor “should help break bank-sovereign link.” – FXstreet.com
http://blog.fxcc.com/forex-technical-market-analysis-december-13-2012/

Forex Economic Calendar
2012-12-13 13:30 GMT | USA.Initial Jobless Claims (Dec 8)
2012-12-13 13:30 GMT | USA.Producer Price Index ex Food & Energy (YoY) (Nov)
2012-12-13 13:30 GMT | USA.Retail Sales (MoM) (Nov)
2012-12-13 15:00 GMT | USA.Business Inventories (Oct)

Forex News
2012-12-13 06:03 GMT | GBP/USD bounces from intraday lows; reproaching 1.6150
2012-12-13 04:58 GMT | EUR/USD again peters out ahead of 1.31
2012-12-13 01:36 GMT | USD/JPY at almost 9-month highs above 83.30
2012-12-13 00:32 GMT | USD/CHF steady around 0.9260 ahead of SNB

------------------------
EURUSD
HIGH: 1.30909 | LOW: 1.3056 | BID: 1.30806 | ASK: 1.30814 | CHANGE: 0.06% | TIME: 08:14:52

https://support.fxcc.com/email/technical/13122012/EURUSD.gif

OUTLOOK SUMMARY: Up
TREND CONDITION: Upward penetration
TRADERS SENTIMENT: Bearish
IMPLIED VOLATILITY: Medium

MARKET ANALYSIS – Intraday Analysis
Medium term bias is positive for the pair. Risk of market appreciation is seen above the next resistance level at 1.3097 (R1). Loss here would suggest next target at 1.3120 (R2) and any further rise would then be targeting 1.3141 (R3).

Resistance Levels: 1.3097, 1.3120, 1.3141
Support Levels: 1.3061, 1.3037, 1.3018

---------------------
GBPUSD
HIGH: 1.61478 | LOW: 1.61252 | BID: 1.61404 | ASK: 1.61410 | CHANGE: -0.05% | TIME: 08:14:53

https://support.fxcc.com/email/technical/13122012/GBPUSD.gif

OUTLOOK SUMMARY: Up
TREND CONDITION: Upward penetration
TRADERS SENTIMENT: Bearish
IMPLIED VOLATILITY: Medium

Instrument show up -0.05% decrease today and any further appreciation needs to clear barrier at 1.6171 (R1). Intraday targets could be found at 1.6183 (R2) and then at 1.6205 (R3).

Resistance Levels: 1.6171, 1.6183, 1.6205
Support Levels: 1.6117, 1.6093, 1.6070

--------------------------
USDJPY
HIGH: 83.671 | LOW: 83.127 | BID: 83.638 | ASK: 83.642 | CHANGE: 0.44% | TIME: 08:14:54

https://support.fxcc.com/email/technical/13122012/USDJPY.gif

OUTLOOK SUMMARY: Up
TREND CONDITION: Upward penetration
TRADERS SENTIMENT: Bullish
IMPLIED VOLATILITY: Medium

Next on tap, resistance level at 83.82 (R1). A break higher could open the door for an attack to next target at 83.92 (R2) and final immediate resistance is seen at 84.08 (R3).

Resistance Levels: 83.82, 83.92, 84.08
Support Levels: 83.16, 83.00, 82.83

Source: FX Central Clearing Ltd,( ECN Forex Indicators | Learn Forex | Trade Forex | FXCC (http://www.fxcc.com) )

UWC Neeraj

12-13-2012, 05:35 AM

13 DECEMBER 2012: BERNANKE UNDERMINED ENTHUSIASM OF BULLS

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

Investors finally got the most awaited news of a December after FRS announced its decisions. Results of meeting were quite expected: was made the decision on repayment of state bonds with longer circulation periods for $45 billion. Plus to it will remain the QE3 program of $40 billion a month. Total $85 billion a month.

And the markets fell into thoughtfulness: in fact, FRS finally undersigns that constant injections is the only thing that can help economy and a financial system. The debt market reacted to it with the sales of treasures - rates on 10-year bonds grew to 1,7%. Dow Jones, Nasdaq and S&P500 could not continue its upward development and were closed practically at a zero level.

EUR/USD tested a reasonable demand from the very beginning of trading day though it is impossible to tell that movements had large-scale character. The British positive data gave optimism; however confusion with the Greek debt and expectation of the next meeting of Ministers of Finance of Europe limited growth, but further publication of the accompanying statement of FOMC which has coincided with expectations of the QE expansion led the prices to a maximum of 1,3097. This morning EUR/USD is traded on a level of 1.3082.

Today the Japanese yen is again sharply weakening and bargains on the minimum levels since spring of the current year against euro and dollar. Dynamics of yen also gives support to the Japanese market, helping to show a steady growth. Pair yesterday from levels of opening 82,53 broke through higher than 83,00, reached a maximum 83,29 and was rolled away to the area 83,20 on closing. This morning, we can already see USD/JPY traded on a level of 83.61. There is not much time left till elections, so movements will be warmed up upward not only with USD strengthening, but also on expectations on political change in Japan.

Prices of oil following the results of last trading session showed positive dynamics. The OPEC countries following the results of the meeting on Wednesday, as expected, kept a quota of oil production at former level - 30 million barrels a day. At the same time, the OPEC plans to reduce gradually raw materials production to correspond to the designated quota. Today Brent crude bargains with fall, losing 0,23% to level of closing of previous day.

Prices for metals and precious metals are strongly falling, gold is losing more than 1% and traded on a level of 1699.38; silver is on a level of 32.97 and decreasing for 2.40%.

Copyright: United World Capital

alayoua

12-13-2012, 06:51 AM

alayoua

12-14-2012, 02:30 AM

Forex Technical & Market Analysis Dec 14 2012

Leaders debate EMU consolidation after bank supervision deal

In order to achieve the completion of EMU, the 27-countries bloc made further progress on the roadmap to achieve such goals, after the agreement for a Euro bank supervisor by the ECB earlier on the week, which will police north of 200 flagship banks.Today's European leaders meeting, which again concluded over 2 hours past midnight Brussels time, showed some understandable differences on how to go about the next critical steps, such as a banking resolution, measure to reduce country's deficit and a budget for the whole bloc. One of the notorious opposed members to see mutualisation of the debts after the ECB bank's oversight role, was German Chancellor Angela Merkel, who continues to play it safely against passing new liabilities for German taxpayers ahead of next year's national elections.

As Reuters notes, "a German delegation source said that in the summit room, she opposed a joint resolution fund for banks at this stage and rejected any big "fiscal capacity" to help euro zone states cope with economic shocks or reward them for structural reforms. Instead, she said EU countries should concentrate on consolidating their own budgets, according to notes of the meeting and an account provided by one participant." Merkel, once out of the official meeting, told reporters that the bank union deal was a 'very important' decision taken by the EZ leaders, and that such agreement paves the way for future positive developments of a currency union. On the transaction tax, she suspects a solidarity fund for Euro zone states with limits 10 to 20 billion Euros. - https://support.fxcc.com/email/technical/14122012/

Forex Economic Calendar :
2012-12-14 10:00 GMT | EU.Consumer Price Index - Core (YoY) (Nov)
2012-12-14 10:00 GMT | EU.Consumer Price Index (YoY) (Nov)
2012-12-14 13:30 GMT | USA.Consumer Price Index (YoY) (Nov)
2012-12-14 13:30 GMT | USA.Consumer Price Index Ex Food & Energy (YoY) (Nov)

Forex News :
2012-12-14 05:51 GMT | GBP/USD rallies above 1.6120 resistance; scope for 50-pip run?
2012-12-14 04:50 GMT | AUD/JPY hits 9-month highs; eyes resistance at 88.60
2012-12-14 03:29 GMT | USD/JPY just spiked a bit; approaching 84.00
2012-12-14 00:53 GMT | EUR/USD still below 1.31; outlook remains bullish – V.Bednarik

-----------------
EURUSD :
HIGH 1.31 LOW 1.30662 BID 1.30890 ASK 1.30897 CHANGE 0.09% TIME 08:09:37

https://support.fxcc.com/email/technical/14122012/EURUSD.gif

OUTLOOK : SUMMARY
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Medium term bias is positive for the pair. Risk of market appreciation is seen above the next resistance level at 1.3126 (R1). Loss here would suggest next target at 1.3139 (R2) and any further rise would then be targeting 1.3155 (R3).

Resistance Levels: 1.3126, 1.3139, 1.3155
Support Levels: 1.3081, 1.3069, 1.3056

------------------
GBPUSD :
HIGH 1.61287 LOW 1.61035 BID 1.61238 ASK 1.61249 CHANGE 0.08% TIME 08:09:38

https://support.fxcc.com/email/technical/14122012/GBPUSD.gif

OUTLOOK : SUMMARY
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Price action looks mainly consolidative on the hourly chart. Our next resistance stays at 1.6152 (R1). Market expansion towards to next targets at 1.6163 (R2) and 1.6176 (R3) looks reasonable if the price manages to overcome it.

Resistance Levels: 1.6152, 1.6163, 1.6176
Support Levels: 1.6101, 1.6083, 1.6067

-------------------
USDJPY
HIGH 83.961 LOW 83.6 BID 83.894 ASK 83.897 CHANGE 0.3% TIME 08:09:39

https://support.fxcc.com/email/technical/14122012/USDJPY.gif

OUTLOOK : SUMMARY
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

While instrument trades below the resistance level at 83.97 (R1), market would try to form correction. Break above it is required to attack the upside target at 84.10 (R2) and 84.22 (R3) in potential.

Resistance Levels: 83.97, 84.10, 84.22
Support Levels: 83.62, 83.51, 83.41

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

UWC Neeraj

12-14-2012, 04:16 AM

14 DECEMBER 2012: THE PROBLEM OF "FISCAL CLIFF" AGAIN CAME TO THE FOREFRONT

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

After decisions coming from meeting of FRS nothing distracts investors from a problem of "fiscal cliff", especially, taking into account that till Christmas there is less than two weeks, and gleams in negotiations between democrats and republicans aren't observed yet. For example, the speaker John Beyner noted that the president Barack Obama “isn't serious" concerning a question of decrease of expenses which republicans consider as the main priority. Even successful data on a labor market according to which the number of primary requests for unemployment benefits fell in one week to 343 thousand at being expected 370 thousand couldn't affect moods of investors. Dow Jones and S&P500 ended up with loosing 0.56% and 0.63% accordingly.

In the last day of the current working week the index of China SSE again shows growth almost for 3%, practically coming back to the autumn maximum levels. As occasion to such positive became preliminary statistics on the production index PMI from HSBC bank according to which the index grew again and reached level of 50,9. It is a maximum level since October of last year, besides value of an index increases the second month in a row that testifies about growth of business activity in production sector.

Important news were coming from Europe where Ministers of Finance agreed to give a right to European Central Bank to regulate the main European banks of the Euro zone, however while it isn't known when the regulator will be able to start new duties. Besides, today the Euro group approved allocation of the following monetary tranche to Greece as it estimated efforts of the country on national debt reduction. This factor is a positive moment for the EU markets. 34 billion euro will be available to Greece immediately, and total amount for a repayment of a debt will be 49.1 billion euro.

The European currency still keeps above a level of 1.30 in relation to dollar, however today it was corrected from 1.3090 to 1.3045 points, and now reached a level of 1.3105.

Meanwhile the Japanese currency continues to fall. Today USD/JPY pair bargains at the level of 83,9, against yesterday's level of 83,5. On this background the exporters sensitive to fluctuations of exchange rates, still are leaders of growth, Sharp rises in price for 4,4%, and Toshiba and Pioneer for 1,8%.

Prices of oil following the results of last trading session showed negative dynamics against decrease in the majority of world stock markets. Further weakening of dollar in case of resolution of a collision around the budgetary agreement in the USA can become a key factor of growth of the oil prices. Today this morning Brent crude is traded on a level of 107.01.

Copyright: United World Capital

alayoua

12-17-2012, 05:13 AM

Forex Technical & Market Analysis FXCC Dec 17 2012

U.S. Fiscal Cliff: Republican leadership softens stance on tax rates
The Fiscal Cliff negotiations are showing signs of progress after the weekend brought an offer from GOP lawmakers to allow tax rates to rise on those making more than $1mn; President Obama had been demanding that tax rates rise on those earning over $250k. “With progress remaining slow and messages mixed expect ongoing debt negotiations to well and truly steal the limelight in the lead up to Christmas,” says OzForex Research.

According to Cliff Wachtel, author of The Sensible Guide To Forex, the general fiscal cliff uncertainty is bearish: “Given the widespread consensus that there would be a deal deferring most of the potential government spending cuts and tax increases, and that most global stock indexes remain within 10% of their decade highs, it’s safe to say that markets have not priced in a failure to reach a deal.”
http://blog.fxcc.com/forex-technical-market-analysis-december-17-2012/

Forex Economic Calendar
2012-12-17 09:00 GMT | European Monetary Union. Labour cost (Q3)
2012-12-17 14:00 GMT | United States. Net Long-Term TIC Flows (Oct)
2012-12-17 18:00 GMT | United States. Fed’s Lacker speech
2012-12-17 23:00 GMT | Australia. Conference Board Australia Leading Index (Oct)

Forex News
2012-12-17 05:18 GMT | GBP/USD limited below 1.6200
2012-12-17 05:15 GMT | EUR/USD stalled below 1.3190; Draghi eyed
2012-12-17 04:12 GMT | EUR/JPY stalls above 111.00 on taking profits
2012-12-17 03:01 GMT | AUD/JPY retracing from 20-month highs above 89.00

TECHNICAL ANALYSIS

----------------------
EURUSD

HIGH: 1.31871 | LOW: 1.31441 | BID: 1.31574 | ASK: 1.31581 | CHANGE: -0.03% | TIME: 09:29:57

https://support.fxcc.com/email/technical/17122012/EURUSD.gif

OUTLOOK SUMMARY: Up
TREND CONDITION: Up trend
TRADERS SENTIMENT: Bearish
IMPLIED VOLATILITY: Low

MARKET ANALYSIS – Intraday Analysis
Upwards scenario: Extension of the stability above the 1.3190 (R1) level might keep the bullish pressure intact and validate next intraday targets at 1.3210 (R2) and 1.3230 (R3). Downwards scenario: The hourly structure might turn into negative territory if the price mange to overcome our next support level at 1.3139 (S1). Supportive areas locates at 1.3120 (S2) and 1.3100 (S3).

Resistance Levels: 1.3190, 1.3210, 1.3230
Support Levels: 1.3139, 1.3120, 1.3100

--------------------
GBPUSD

HIGH: 1.61988 | LOW: 1.61574 | BID: 1.61789 | ASK: 1.61800 | CHANGE: 0.08% | TIME: 09:29:58

https://support.fxcc.com/email/technical/17122012/GBPUSD.gif

OUTLOOK SUMMARY: Up
TREND CONDITION: Up trend
TRADERS SENTIMENT: Bullish
IMPLIED VOLATILITY: Low

Upwards scenario: GBPUSD might find buyers above the next important resistance level at 1.6199 (R1). Break here would open way towards to our next resistances at 1.6214 (R2) and 1.6229 (R3). Downwards scenario: In regard to the descending movement, risk of market decline is seen below the support level at 1.6157 (S1). Loss here would enable next targets at 1.6143 (S2) and 1.6128 (S3).

Resistance Levels: 1.6199, 1.6214, 1.6229
Support Levels: 1.6157, 1.6143, 1.6128

--------------------------
USDJPY

HIGH: 84.318 | LOW: 83.854 | BID: 83.974 | ASK: 83.979 | CHANGE: 0.57% | TIME: 09:29:58

https://support.fxcc.com/email/technical/17122012/USDJPY.gif

OUTLOOK SUMMARY: Up
TREND CONDITION: Upward penetration
TRADERS SENTIMENT: Bullish
IMPLIED VOLATILITY: Low

Upwards scenario: A violation of next resistance at 84.34 (R1) might call for a run towards to next target at 84.53 (R2) and any further appreciation would then be targeting 84.72 (R3). Downwards scenario: Near-term risks are directed to a drop back to the consolidation formation below the support at 83.77 (S1). In such case our intraday expected targets would be 83.61 (S2) and 83.45 (S3).

Resistance Levels: 83.34, 84.53, 84.72
Support Levels: 83.77, 83.61, 83.45

Source: FX Central Clearing Ltd,( What Is Forex Trading | Forex Trading Signals | ECN Forex Trading Online | FXCC (http://www.fxcc.com) )

UWC Neeraj

12-17-2012, 05:57 AM

17 DECEMBER 2012: USD/JPY AT 20-MONTH LOW AFTER ELECTIONS

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

The yen slumped to its lowest level against the dollar after Japan’s conservative Liberal Democratic Party (LDP), which is committed to aggressive monetary easing, won a landslide victory in Sunday’s Japanese elections. The LDP surged back to power giving ex-Premier, Shinzo Abe, another chance to push through his agenda which includes outspoken active steps towards deflation, possibly revival of Japan’s nuclear energy program and a more nationalistic policy that might cause more tense relation towards China.

The dollar rose to 84,18 yen reaching its highest level since April 2011 from around 83,50 yen on Friday. There has been active profit taking in the morning, but USD/JPY is still trading above the 84 level. The Euro jumped to 111.30 yen from 109,81. The Australian dollar climbed above 89 for yen for the first time since May 2011. The Bank of Japan meets later this week and most analysts expect the central bank will ease policy further by asset buying and lending program which will continue to put downward pressure on the yen.

The open question is whether Prime Minister Abe shall follow up on his tough talk. Strategists at Barclays bank recommend long positions in three-month dollar/yen call options on estimates suggesting that a 10 percent multilateral nominal yen depreciation would be needed to get a one-off inflation boost of just 1,5 percent. Other analyst and market participants warned that the yen might be poised for a rebound as Abe’s actions are likely to fall short of tough intentions.

In the US House of Representative Speaker, John Boehner’s offer to accept a tax rate increase for the wealthiest Americans knocks down a key Republican obstacle to deal with the revolving year-end “fiscal cliff”. Boehner shall presumably have offered extended tax hikes for everyone who has less than one million in net annual income. Taxes for all income above USD 1 million shall rise. President Obama’s reaction on this presumed offer is going to be decisive for a possible solution within the 31st December deadline.

Copyright: United World Capital

UWC Neeraj

12-17-2012, 06:00 AM

VIDEO MARKET REVIEWS

17 December 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

17 December 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=c7tGaYSW19w)

WindsorBrokers

12-17-2012, 07:49 AM

EUR/USD

The Euro remains well supported, with last Friday’s surge through key barriers at 1.3138/70, resulted in testing levels just under psychological 1.3200 level and 30d Bollinger Band during the Asian session. Corrective easing is seen likely, as hourly indicators are emerging out of overbought zone, while 4h ones started o reverse. However, overall bullish tone remains intact, as clear break above 1.3200 would signal fresh bull phase after three-month congestion under 1.3170/38 peaks. On the upside, immediate target lies at 1.3282, 01 May high and psychological 1.3300 barrier. With dips being contained by 20 day EMA at 1.3140 for now, next strong supports lies at 1.3100 zone, also 55 day EMA and 1.3070, last Friday low / Fib 38.2% of 1.2876/1.3186 ascend.

Res: 1.3170, 1.3186, 1.3200, 1.3250
Sup: 1.3142, 1.3118, 1.3100, 1.3065

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20121217091404.gif

GBP/USD

Cable is poised to break above psychological 1.6200 barrier, also Fib 76.4% of 1.6308/1.5826, the last barrier en-route to strong 1.6300 resistance zone. Near-term studies are positively aligned and keep the upside favored, with psychological support at 1.6100, also 50% of 1.6000/1.6200, expected to contain any stronger reversal.

Res: 1.6200, 1.6216, 1.6250, 1.6271
Sup: 1.6175, 1.6155, 1.6130, 1.6100

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20121217091342.gif

USD/JPY

Strong bullish stance has been confirmed by overnight’s gap-higher opening, as the price broke above previous annual high at 84.17. Corrective action off overnight’s fresh high at 84.32, holds for now above last week’s closing price, with any stronger retracement, as 4h studies are overbought and divergence appears on hourly chart, would face good supports at 83.30 and 83.00, levels expected to contain. On the upside, psychological 85.00 barrier comes in the near-term focus.

Res: 84.00, 84.15, 84.32, 84.50
Sup: 83.84, 83.50, 83.30, 83.00

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20121217091320.gif

USD/CHF

Near-term bears remain fully in play, as the pair dips to 0.9150, following loss of 0.9200 base. Brief corrective action on oversold near-term conditions strong barriers at 0.9200/40 area that are expected to cap, with 0.9100 zone seen in the near-term focus, as the pair resumes broader downtrend from 0.9970, 24 July annual high.

Res: 0.9192, 0.9200, 0.9213, 0.9240
Sup: 0.9175, 1.9164, 0.9151, 0.9100

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20121217091253.gif

UWC Neeraj

12-18-2012, 04:07 AM

18 DECEMBER 2012: “CLIFF” OPTIMISM BOOSTS MARKETS

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

Both US and Asian shares inched higher as optimism grew for a “fiscal cliff” deal as President Barack Obama yesterday met with his Republican counterpart, House of Representative Speaker, John Boehner. Obama presented a counter-offer to the Republicans that is said to include a major change in position on tax hikes for the wealthy in efforts to hammer out a compromise to avert steep tax hikes and indiscriminate spending reductions set for the beginning of 2013.

According to informed sources the White House in a dramatic change of position has proposed leaving lower tax rates for everyone except for those earning above USD 400 000. That is up from the former threshold of USD 250 000 proposed by the President, but still far from the Republican proposal of USD 1 million. Obama is also said to be willing to compromise on budget cuts and revenue figures.

The rumors on movement in the negotiations had the US stock indexes to soar led by financials and other growth-orientated sectors. Bank of America jumped by 3,97 % followed by other major blue chips as Home Depot, JP Morgan, General Electric and Sisco. Dow Jones were up 0,76 % to 13 235. Nasdaq rose 1.32 % and ended at 3010 again passing the 3000 threshold. The positive trend continued in Asia this morning where Australian shares outperformed with a 0,7 percent increase. Also Nikkei, Shanghai and the MSCI index for Asian Pacific rose.

The more optimistic market attitude had a positive impact on commodities and precious metals. Oil prices led by Brent crude are up to 108,18 and gold again passed the USD 1700 ounce level after falling back to below 1690. The pressure on Yen following the Japanese elections continues. USD/JPY is trading at 83,98 after reaching 84,48 on Monday. The dollar has probably still an upside against yen prior to the Central Bank of Japan’s meeting later this week. Prime Minister Abe’s comments yesterday strengthened the assumption that BOJ would initiate monetary easing. EURO/USD stands at 1.3170, in line with the new higher level seen established in relation between USD and Euro. The Euro countries principle decision to establish a banking union has positively impacted the strength of the Euro.

Copyright: United World Capital

UWC Neeraj

12-18-2012, 04:10 AM

VIDEO MARKET REVIEWS

18 December 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

18 December 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=Cmr8MzszNjM)

alayoua

12-18-2012, 04:26 AM

Forex Technical & Market Analysis FXCC Dec 18 2012

Fiscal Cliff Talks Thaw

It seems that Republican stances are softening as the clock ticks down to the New Year, and the US approaches the activation of the Fiscal Cliff. In the newest round of discussions, Republican leaders led by House Speaker John Boehner have conceded to allowing a tax rate increase of earners making a minimum of $1 million. The tax rate for income in that range would increase from 36% to 39.5% under the concession.

In addition, Republicans have offered to table the $16.4 trillion debt ceiling discussion for one year. The debt ceiling debate would likely emerge early next year without any deal, sparking concern and speculation of a government shutdown. The concessions have done little to support the greenback as the Obama administration continues to press forward with its objective of raising tax rates for the top 2% of income earners – rejecting recent Republican concessions.
http://blog.fxcc.com/forex-technical-market-analysis-december-18-2012/

Forex Economic Calendar

N/A | United Kingdom. BOE Inflation Letter
2012-12-18 09:30 GMT | United Kingdom. Consumer Price Index (YoY) (Nov)
2012-12-18 11:00 GMT | United Kingdom. BoE Quarterly Bulletin (Q4)
2012-12-18 23:50 GMT | Japan. Merchandise Trade Balance Total (Nov)

Forex News

2012-12-18 05:15 GMT | GBP/JPY range bound circa 136.00; overextended?
2012-12-18 03:51 GMT | AUD/USD retreats from RBA-induced highs
2012-12-18 02:25 GMT | EUR/AUD capped below 1.25 inside a 30 pip range
2012-12-18 01:57 GMT | USD/JPY outlook bullish on more BoJ easing anticipation – RBS
AUDUSD NZDUSD USDCHF USDCAD GBPJPY EURCHF GOLD SILVER
1.05501/510 0.84333/341 0.91764/780 0.98351/361 136.134/151 1.20860/879 1702.75/.03 32.42/.44

TECHNICAL ANALYSIS

-------------------------
EURUSD

HIGH: 1.31775 | LOW: 1.31556 | BID: 1.31717 | ASK: 1.31723 | CHANGE: 0.07% | TIME: 07:59:44

https://support.fxcc.com/email/technical/18122012/EURUSD.gif

OUTLOOK SUMMARY: Up
TREND CONDITION: Sideway
TRADERS SENTIMENT: Bullish
IMPLIED VOLATILITY: Medium

MARKET ANALYSIS – Intraday Analysis

Upwards scenario: Instrument show up 0.07 % rise today and any further appreciation needs to clear barrier at 1.3179 (R1). Intraday targets could be found at 1.3198 (R2) and then at 1.3218 (R3). Downwards scenario: Market stabilized after the previous day’s gains. Market decline below the next support level at 1.3151 (S1) would suggest next targets at 1.3131 (S2) and 1.3111 (S3).

Resistance Levels: 1.3179, 1.3198, 1.3218
Support Levels: 1.3151, 1.3131, 1.3111

--------------------------------------
GBPUSD

HIGH: 1.62177 | LOW: 1.6194 | BID: 1.62118 | ASK: 1.62127 | CHANGE: 0.05% | TIME: 07:59:45

https://support.fxcc.com/email/technical/18122012/GBPUSD.gif

OUTLOOK SUMMARY: Up
TREND CONDITION: Up trend
TRADERS SENTIMENT: Bullish
IMPLIED VOLATILITY: Medium

Upwards scenario: Market sentiment is clearly bullish. We placed our next resistance level above the fresh high formed today at 1.6222 (R1). Above here open way towards to next targets at 1.6235 (R2) and then at 1.6249 (R3). Downwards scenario: Downside fluctuations remains for now limited to next support level at 1.6195 (S1), only clear break here would be a signal of market easing with next targets at 1.6181 (S2) and 1.6167 (S3) in potential.

Resistance Levels: 1.6222, 1.6235, 1.6249
Support Levels: 1.6195, 1.6181, 1.6167

----------------------------
USDJPY

HIGH: 84.077 | LOW: 83.828 | BID: 84.020 | ASK: 84.025 | CHANGE: 0.16% | TIME: 07:59:46

https://support.fxcc.com/email/technical/18122012/USDJPY.gif

OUTLOOK SUMMARY: Up
TREND CONDITION: Upward penetration
TRADERS SENTIMENT: Bullish
IMPLIED VOLATILITY: Medium

Upwards scenario: Medium term bias is positive for the pair. Risk of market appreciation is seen above the next resistance level at 84.09 (R1). Loss here would suggest next target at 84.24 (R2) and any further rise would then be targeting 84.39 (R3). Downwards scenario: On the short –term perspective we expect market decline. A Bearish signal would be created if the currency dropped below the next support level at 83.85 (S1). We suggest next targets in such scenario at 83.71 (S2) and 83.56 (S3).

Resistance Levels: 84.09, 84.24, 84.39
Support Levels: 83.85, 83.71, 83.56

Source: FX Central Clearing Ltd,( Learn Forex Trading | ECN Forex Online Trading | Forex Trading Tips | FXCC (http://www.fxcc.com) )

WindsorBrokers

12-18-2012, 04:38 AM

alayoua

12-19-2012, 02:31 AM

Forex Technical & Market Analysis FXCC Dec 19 2012

Standard & Poor's upgrades Greece from selective default to B- outlook stable

Two weeks later after credit agency Standar & Poor's downgraded Greece to selective default, it has lifted again the rating to -B, two notches higher than expected back in December 05 when the initial downgrade took place, on the promise when the payback debt was finished the upgrade would come.

From today's S&P statement: “The stable outlook balances our view of euro zone member states determination to support Greece’s euro zone membership and the Greek government’s commitment to a fiscal and structural adjustment against the economic and political challenges of doing so,” the agency said. “Even after the buyback, Greece’s end-2012 net debt-to-GDP ratio of over 160 percent of GDP remains onerous,” the credit rating company stated. “Nevertheless, subject to Greece meeting program conditions, euro zone member states have said they would significantly improve official lending terms to the government.”- https://support.fxcc.com/email/technical/19122012/

Forex Economic Calendar
2012-12-19 09:00 GMT | E.M.U. IFO - Business Climate (Dec)
2012-12-19 09:30 GMT | United Kingdom. Bank of England Minutes
2012-12-19 13:30 GMT | United States. Building Permits (MoM) (Nov)
2012-12-19 21:45 GMT | Australia. Gross Domestic Product (QoQ) (Q3)

Forex News
2012-12-19 05:17 GMT | GBP/USD quiet below 1.6270, awaiting BoE Minutes
2012-12-19 04:31 GMT | EUR/AUD holds bullish scope to 1.2900 - Westpac
2012-12-19 03:35 GMT | EUR/USD set to target 50% Fibo - RBS
2012-12-19 02:01 GMT | NZD/USD breaking below 0.84 round

----------------------------
EURUSD :
HIGH 1.32558 LOW 1.32227 BID 1.32469 ASK 1.32475 CHANGE 0.14% TIME 08:21:58

https://support.fxcc.com/email/technical/19122012/EURUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Instrument gained momentum, turning intraday bias to the positive side. Next resistance ahead is seen at 1.3258 (R1). Upwards penetration above it might drive market price towards to targets at 1.3277 (R2) and 1.3293 (R3). Downwards scenario: If the market successfully retests our support level at 1.3224 (S1), we expect further consolidation development with possible targets at 1.3207 (S2) and 1.3191 (S3). Market deviates from the uptrend formation and currently trades on the session low.

Resistance Levels: 1.3258, 1.3277, 1.3293
Support Levels: 1.3224, 1.3207, 1.3191

---------------------
GBPUSD :
HIGH 1.62666 LOW 1.62456 BID 1.62647 ASK 1.62657 CHANGE 0.08% TIME 08:21:59

https://support.fxcc.com/email/technical/19122012/GBPUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: We expect resuming of the uptrend formation if the price manages to overcome next resistance level at 1.6270 (R1). Immediate focus comes on 1.6283 (R2) and 1.6296 (R3) in such scenario. Downwards scenario: If the market participants manage to push the price below the support level at 1.6244 (S1) the instrument has an increased likelihood of failing towards to next targets at 1.6231 (S2) and 1.6218 (S3).

Resistance Levels: 1.6270, 1.6283, 1.6296
Support Levels: 1.6244, 1.6231, 1.6218

--------------------------
USDJPY :
HIGH 84.43 LOW 84.164 BID 84.344 ASK 84.349 CHANGE 0.16% TIME 08:22:00

https://support.fxcc.com/email/technical/19122012/USDJPY.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Upside risk aversion is seen above the resistance at 84.44 (R1). Any violation of that level would be considered as signal of possible uptrend formation towards to our targets at 84.55 (R2) and 84.66 (R3). Downwards scenario: Next immediate support locates at 84.21 (S1). Break here is required to enable bearish pressure towards to our targets at 84.10 (S2) and 83.98 (S3).

Resistance Levels: 84.44, 84.55, 84.66
Support Levels: 84.21, 84.10, 83.98

Source: FX Central Clearing Ltd,( ECN Broker | Forex Practice Account | Forex Trading Blog | FXCC (http://www.fxcc.com) )

UWC Neeraj

12-19-2012, 03:58 AM

19 DECEMBER 2012: EURO OUTPERFORMS ON INCREASED RISK APPETITE

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

The Euro reached multi-months high against dollar and Japanese yen on Wednesday extending recent gains. Signs of progress in the US fiscal talks bolstered demand for riskier assets. Euro/USD is trading at 1.324655. USD/JPY stands at 84,282. The Scandinavian currencies, Norwegian, Swedish and Danish krones have gained substantially against the dollar over last week.

The US House of Representatives Majority Leader, Eric Cantor, said yesterday that he expected a vote on a Republican offer to avert the “fiscal cliff” on Thursday. Republicans plan a vote on a bill to raise taxes on income above USD 1 million while extending low rates on other tax payers. The White House has proposed a compromise USD 400 000 threshold. Cantor said he expected to have enough votes to pass the measure.

In spite of the big distance between the two parties’ stock markets all over the world rose on expectations of a compromise. Gains in Asia this morning came after Wall Street S&P 500 index for the biggest 500 companies rose more than one percent completing the best two-day rally in a month. The US market is higher driven by the fact that the parties now at least are engaged in constructive negotiations striving to find a middle ground.

Tokyo’s Nikkei rose 1,3 percent topping 10 000 points for the first time since April as Bank of Japan (BOJ)started their two day meeting. BOJ is expected to take measures for monetary easing and a more expansionistic fiscal policy. The Yen continues to fall against most currencies. Australian shares rose to a 17-month high led by miners and banks. Australian dollar, however, barely budged in part because currency speculators were already holding record long positions.

Boosted by optimism on a US budget compromise analysts predict that EURO/USD might reach the 1.33 level year-end targets. Oil prices are steady with Brent crude trading at 108,88 on better economic outlook. Copper is flat in the morning after falling Tuesday. Both Gold and silver fell rather dramatically yesterday slowly recovering somewhat this morning. Gold fell from a 1705 peak down to a 1660 bottom. It is now trading at 1670.

Copyright: United World Capital

UWC Neeraj

12-19-2012, 04:01 AM

VIDEO MARKET REVIEWS

19 December 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

19 December 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=fH1SflVVtV0)

WindsorBrokers

12-19-2012, 05:55 AM

EUR/USD

The Euro continues to trend higher, extending the latest upleg from 1.2876, 07 Dec low. Break and close above psychological 1.3200 barrier, confirms the fresh bull-phase, following three-month congestion under 1.3170 peak. Larger picture bulls see room for fresh extension higher and test of initial targets at 1.3282, 01 May high and 1.3300, round-figure resistance, with strong resistance zone at 1.3500, yearly high / Fib 50% of 1.4938/1.2042, expected to come in near-term focus. Consolidative / corrective action on extremely overbought hourly studies, may precede fresh bulls, with initial static supports standing at 1.3220/00, reinforced by 20 day EMA and previous high at 1.3186. Any stronger reversal should be contained by 1.3100 zone, Fib 38.2% of 1.2876/1.3253 / 55 day EMA.

Res: 1.3253, 1.3282, 1.3300, 1.3350
Sup: 1.3220, 1.3200, 1.3186, 1.3142

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20121219080634.gif

GBP/USD

Near-term bulls remain fully in play for possible test of key barrier and multi-month range top at 1.6300, as yesterday’s strong rally reached 1.6286 high, just ahead of 1.6300/08, 30 Apr / 21 Sep yearly peaks. Overextended near-term studies suggest a pause in rally, however, no clear reversal signal seen yet. Overnight’s corrective low at 1.6244 offers immediate support, ahead of more significant higher platform and Fib 38.2% of 1.6084/1.6286 upleg at 1.6200 that is expected to contain any stronger pullback.

Res: 1.6286, 1.6300, 1.6308, 1.6388
Sup: 1.6244, 1.6200, 1.6190, 1.6175

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20121219080612.gif

USD/JPY

The pair resumes near-term rally that was interrupted by two-day 84.32/83.60 corrective action. With fresh high posted just under our initial target at 84.50, scope is seen for possible stretch towards psychological barrier at 85.00, also weekly 200 day MA. However, overbought conditions on lower and larger timeframes, require caution, as failure to surpass 84.50, would result in stronger corrective action towards 83.80/60 support zone.

Res: 84.42, 84.50, 85.00, 85.51
Sup: 84.21, 84.00, 83.80, 83.60

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20121219080553.gif

USD/CHF

Bears remain unobstructed, as the pair continues to post fresh lows, following loss of important 0.9200 level. As the price approaches psychological 0.9100 support, bearish extension through here would eye 0.9041 and 0.9000, 01 May / 03 Apr lows. Near-term indicators in the oversold territory do not rule out bounce, with previous low at 0.9151, offering initial resistance, ahead of more significant 0.9200, round figure / near Fib 38.2% of 0.9381/0.9112 descend, break of which would provide temporary relief.

Res: 0.9136, 0.9151, 0.9192, 0.9215
Sup: 0.9112, 0.9100, 0.9080, 0.9041

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20121219080535.gif

alayoua

12-20-2012, 04:09 AM

Forex Technical & Market Analysis FXCC Dec 20 2012

All Eyes On Bank of Japan Following Abe Win

Now that the Japanese lower house elections are over, trader focus is being placed on the Bank of Japan’s monetary policy decision – taking place over the next two days. This decision will be important one for the underlying currency, which continues to lose against the US dollar. Since the beginning of the election campaign, LDP leader Shinzo Abe has run on the platform for further monetary easing in boosting economic growth. As a result, central bank leaders have been under extreme pressure from Abe supporters in expanding monetary policy – currently totaling $1.1 trillion.

And, now that Abe has won, further accommodation is anticipated. Expectations are now for the Bank of Japan to leave interest rates near zero, while expanding monetary policy by another $1 billion. Such a move may ultimately jeopardize the independence of the Bank of Japan, as policymakers would be falling into line with the political agenda. Incidentally, traders will be looking for a change in the inflation target set by the central bank – potentially raising it to 2% from the current 1%. This is another Abe policy that was promised as the government attempts to alleviate the current deflationary environment. -FXstreet.com
Forex Economic Calendar

2012-12-20 09:30 GMT | United Kingdom. Core Consumer Price Index (YoY) (Nov)
2012-12-20 09:30 GMT | United Kingdom. Consumer Price Index (YoY) (Nov)
2012-12-20 11:00 GMT | United Kingdom. BoE Quarterly Bulletin (Q4)
2012-12-20 23:50 GMT | Japan. Merchandise Trade Balance Total (Nov)
Forex News

2012-12-20 06:07 GMT | Will EUR/USD buyers had enough at 1.33 highs?
2012-12-20 05:29 GMT | GBP/USD set for reversal after daily pin?
2012-12-20 04:23 GMT | USD/JPY shakes both sides post-BoJ; holds above 84.00
2012-12-20 03:30 GMT | EUR/GBP undecided below 0.8150

AUDUSD NZDUSD USDCHF USDCAD GBPJPY EURCHF GOLD SILVER
1.04879 / 888 0.83594 / 609 0.91384 / 396 0.98850 / 858 136.538 / 555 1.20783 / 803 1668.34 / .62

TECHNICAL ANALYSIS

EURUSD

HIGH: 1.3229 | LOW: 1.31883 | BID: 1.32167 | ASK: 1.32172 | CHANGE : -0.07% | TIME: 08:12:57

OUTLOOK SUMMARY: Down
TREND CONDITION: Downward penetration
TRADERS SENTIMENT: Bearish
IMPLIED VOLATILITY: Medium

MARKET ANALYSIS – Intraday Analysis
Upwards scenario: The initial uptrend formation might be resumed later on today. Possible intraday targets locate at 1.3252 (R2) and 1.3274 (R3), in case of successful penetration above the next resistance level at 1.3231 (R1). Downwards scenario: Market still had the chance to retest the key support level at 1.3188 (S1). Any further easing below it would then face supportive measures at 1.3166 (S2) and 1.3144 (S3) in potential.

Resistance Levels: 1.3231, 1.3252, 1.3274
Support Levels: 1.3188, 1.3166, 1.3144
GBPUSD

HIGH: 1.62614 | LOW: 1.62382 | BID: 1.62509 | ASK: 1.62517 | CHANGE: 0.04% | TIME: 08:12:59

OUTLOOK SUMMARY: Down
TREND CONDITION: Downward penetration
TRADERS SENTIMENT: Bearish
IMPLIED VOLATILITY: Medium

Upwards scenario: The pair might keep general upside move intact after possible consolidation ahead. Appreciation above the next resistance at 1.6263 (R1) would enable next targets at 1.6276 (R2) and 1.6289 (R3) in potential. Downwards scenario: In regard to the descending movement, opportunities for bearish oriented traders are seen below the support level at 1.6238 (S1). Loss here would enable next targets at 1.6225 (S2) and 1.6211 (S3).

Resistance Levels: 1.6263, 1.6276, 1.6289
Support Levels: 1.6238, 1.6225, 1.6211
USDJPY

HIGH: 84.384 | LOW: 83.859 | BID: 83.983 | ASK: 83.986 | CHANGE: -0.49% | TIME: 08:13:00

OUTLOOK SUMMARY: Down
TREND CONDITION: Downward penetration
TRADERS SENTIMENT: Bearish
IMPLIED VOLATILITY: Medium

Upwards scenario: Our next resistance level is placed at 84.23 (R1), break above it might extend gains towards to next targets at 84.34 (R2) and 84.47 (R3) in potential. Downwards scenario: Instrument has settled negative bias on the hourly timeframe and we expect gradual decline towards to our support levels. Next attractive support level locates at 83.84 (S1). Break here is required to put in focus lower target at 83.72 (S2) and 83.59 (S3).

Resistance Levels: 84.23, 84.34, 84.47
Support Levels: 83.84, 83.72, 83.59

Source: FX Central Clearing Ltd,( ECN Forex Software | The Best Forex Broker | Forex Account | FXCC (http://www.fxcc.com) )

WindsorBrokers

12-20-2012, 04:27 AM

EUR/USD

The single currency is taking a pause in recent strong rally, as psychological 1.3300 level proves to be tough barrier. Subsequent quick pullback and slide below 1.3200 handle, sidelines near-term bulls, as hourly indicators moved in the negative territory and notion being supported by Gravestone Doji that signals loss of upward momentum and stronger reversal. With initial strong support at 1.3200/1.3186 being dented, where 20 day EMA contained dips for now. However, further reversal cannot be ruled out, with next support at 1.3140 zone, Fib 38.2% of 1.2876/1.3307 and 17 Dec low, required to hold and prevent the pair form deeper slide. On the upside, lift above 1.3250 would signal higher low and shift focus towards 1.3300 barrier. Strong bullish stance on a daily chart, still keeps the upside favored, with 1.3360, weekly 90 day MA and 1.3380, April highs, seen as near-term targets.

Res: 1.3227, 1.3253, 1.3307, 1.3360
Sup: 1.3200, 1.3186, 1.3142, 1.3100

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20121220081534.gif

GBP/USD

Near-term bulls are losing traction, after Cable briefly tested very strong 1.6300 barrier but failure to sustain gains, resulted reversal to initial support zone at 1.6240, where 55 day EMA so far contained losses. Negative structure on hourly chart, with price holding below descending 20 day EMA and 4h indicators reversing from overbought zone, see potential for further retracement, with 1.6200, round figure / near 38.2% of 1.6000/1.6305, seen as next downside target, with break here to confirm near-term top and open way towards 1.6100.

Res: 1.6260, 1.6268, 1.6300, 1.6308
Sup: 1.6236, 1.6200, 1.6190, 1.6175

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20121220081515.gif

USD/JPY

The pair dips below psychological 84.00 support, as gains stalled at 84.61 and reversal retraced nearly 61.8% of 83.30/84.61 upleg at 83.84. near-term structure is now negatively aligned, with immediate risk seen towards 83.60/30 support. Losing the latter will also fill last Monday’s gap and risk stronger correction of the recent rally. Reversing 4h and overbought daily studies are supporting such scenario, with close below 84.00, required to confirm. Conversely, regain of previous top at 84.32, would avert immediate downside risk.

Res: 84.00, 84.32, 84.46, 84.61
Sup: 83.80, 83.60, 83.30, 83.00

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20121220081455.gif

USD/CHF

The pair enters corrective phase after fresh losses through psychological 0.9100 support, found temporary ground at 0.9085, 20 day lower Bollinger Band. Subsequent bounce so far tested initial barrier and previous low at 0.9150, where 20 day EMA limited recovery for now. Improved conditions on hourly chart, see potential for possible further extension higher and test of psychological 0.9200 barrier, break of which is required to confirm recovery. From the other side, firmly bearish daily structure, sees the current move as corrective and preceding fresh weakness that would focus 0.9040/00, next downside targets.

Res: 0.9153, 0.9200, 0.9240, 0.9268
Sup: 0.9126, 0.9100, 0.9085, 0.9040

http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdchf_20121220081433.gif

UWC Neeraj

12-20-2012, 06:07 AM

20 DECEMBER 2012: STALLED NEGOTIATIONS TURN MARKETS

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

After reaching a 18-month high Asian stocks eased and commodities fell in morning trade on stalled budget negotiations in Washington. President Barack Obama accused his opponents of holding a personal grudge against him and threatened to use his veto power. The top Republican negotiator branded the President “irrational”. The mutual accusations came after substantial progress to avert the so called “fiscal cliff” had been obtained during the last days. The personal taunts put a timely solution at risk and threaten the world largest economy with recession.

The harsh rhetoric had an immediate effect on markets. After a flat opening Dow Jones plunged 0,78 while Nasdaq lost 0,33 %. Financials and retailers, the big winners earlier in the week, were hardest hit. General Electric, Alcoa, Home Depot and the Bank of America were among the big losers. The Asian indexes with exception for the South Korean Kospi which rose 0,3 % on news of the election of its first female president, lost ground. Australia is still up. It is expected that European and US markets today will open lower on profit taking and risk aversion. Decreased risk appetite shall probably hit also smaller currencies.

Bank of Japan (BOJ) has according to expectations expanded its asset-buying program by 10 trillion yen to fight deflation. USD/JPY which saw 84,50, has fallen to below 84 as result of the stalled budget negotiations. Euro/USD peaked to 1.33085 on Wednesday has fallen back trading at 1.3210. Smaller currencies are due to the changed risk sentiment atmosphere losing ground.

Oil prices which rose on growth optimism, has retreated somewhat in early Asian trading. Brent crude stands at 110.08 with NYMEX just below USD 89 a barrel. Copper is down. Gold and silver are at the lowest levels seen for months.

US prosecutors have charged two former UBS (Union Bank of Switzerland) traders for participating in a scheme to manipulate Libor and other benchmark interest rates. This is the first individuals criminally accused in the Libor scandal. UBS has agreed to pay a fine of USD 1,5 billion to regulators in the US, UK and Switzerland. The Hong Kong Monetary Authority has simultaneously stated that UBS is under investigation for similar fraud in Hong Kong.

Copyright: United World Capital

UWC Neeraj

12-20-2012, 06:10 AM

VIDEO MARKET REVIEWS

20 December 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

20 December 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=pyXxW7-bzHE)

UWC Neeraj

12-21-2012, 04:09 AM

21 DECEMBER 2012: SERIOUS SET-BACK FOR “CLIFF” NEGOTIATIONS

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

In a statement to the House late yesterday, Republican Speaker, John Boehner, announced that there was not enough support to have “Plan B” to avoid the fiscal cliff voted through. Two options seem to remain: The Republicans can wash their hands on the entire matter or try negotiate a compromise with Democrats that could secure support from a sufficient number of Republicans. Plan B involved increased taxes on incomes above USD 1 million. President Obama’s proposals set the threshold at USD 400 000.

Dow Jones and Nasdaq gained on new expectations for a budget solution within year-end before the news announcement. A solution seems for the moment unrealistic. A possible compromise would mean that a substantial member of Republicans give up their bedrock resistance to all tax hikes. The non-vote in the House represents a serious set-back for the prospects to avert the “fiscal cliff”, automatic spending cuts and tax increases set to start in January. The news had an immediate effect on Asia. Asian shares slid. The MSCI index for the Asian Pacific dropped 0,7 %. Nasdaq and Dow Jones futures are down 1,7 %.

Risk assets from shares, oil to currencies as the Australian dollar and EURO, were sold off in the morning hours. Euro/USD is falling below 1.32 losing 60 basis points. The USD/JPY is slightly firmer at 83,93 down from 84,50 yen a dollar yesterday. The market uncertainty has generally strengthened the dollar. The DXY index where the USD is weighed against a basket of major currencies, gains 0,2%. The steep fall in precious metals continue. Gold is USD 1640 an ounce and silver has dropped two dollars during the last day trading to 29,72.

The Republican-led House of Representative which abruptly recessed late Thursday may return with a not yet decided new plan on December 27th. Markets see the event yesterday as major set-back for a fiscal compromise. The chance for a deal is downscaled from 60 to 30 %. Markets are extremely volatile and will continue to be swayed by the budget negotiations over the next days.

Copyright: United World Capital

UWC Neeraj

12-21-2012, 04:10 AM

VIDEO MARKET REVIEWS

21 December 2012 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

21 December 2012 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=nLUEt2mYNOo)

alayoua

12-21-2012, 05:02 AM

Forex Technical & Market Analysis FXCC Dec 21 2012

Boehner’s ‘Plan B’ dead on arrival

News has just hit the newswires that there will be no vote on ‘Plan B’ this evening due to lack of Republican support. Speaker John Boehner has pulled his own bill, and his office has just released a statement that says, in part: “The House did not take up the tax measure today because it did not have sufficient support from our members to pass. Now it is up to the President to work with Senator Reid [(D)] on legislation to avert the fiscal cliff.” This is significant because the Speaker could not persuade his own Republican members to back his plan against President Obama’s offers and proposals on the matter. The US dollar is well bid across the board on this news, as market participants flee to safety.

The UK government’s monthly budget update for November is on offer in the European session ahead, expected to show a deficit of £14.1B on-month, which would widen the annual deficit to £76.0B. “If realized, this is a bit larger than the annual deficit for the year ending June of -£74.2B and highlight the ongoing challenge confronting the UK government in reducing its deficit,” says Rabobank International.
https://support.fxcc.com/email/technical/21122012/

Forex Economic Calendar
2012-12-21 09:30 GMT | United Kingdom. Gross Domestic Product (YoY) (Q3)
2012-12-21 13:30 GMT | Canada. Gross Domestic Product (YoY) (Oct)
2012-12-21 13:30 GMT | United States. Durable Goods Orders (Nov)
2012-12-21 14:55 GMT | United States. Reuters/Michigan Consumer Sentiment Index (Dec)

Forex News
2012-12-21 05:40 GMT | GBP/USD support at 1.6230 next level to watch – V.Bednarik
2012-12-21 03:32 GMT | EUR/JPY stalls the decline at fresh session lows 111.62
2012-12-21 03:21 GMT | USD/JPY threatening to break below 83.80
2012-12-21 01:45 GMT | AUD/USD breaks below 1.0450 to fresh weekly lows

----------------------------------
EURUSD :
HIGH 1.32522 LOW 1.31799 BID 1.32123 ASK 1.32127 CHANGE -0.24% TIME 08 : 20:45

https://support.fxcc.com/email/technical/21122012/EURUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Further price appreciation might face next resistance level at 1.3227 (R1), break here is required to open way towards to targets at 1.3247 (R2) and 1.3267 (R3). Medium-term bias is still positive. Downwards scenario: Fresh low at 1.3180 (S1) acts now as important psychological support level. Decrease below it might enable bearish forces, targeting 1.3160 (S2) and 1.3141 (S3) in potential.

Resistance Levels: 1.3227, 1.3247, 1.3267
Support Levels: 1.3180, 1.3160, 1.3141

---------------------
GBPUSD :
HIGH 1.62831 LOW 1.62407 BID 1.62539 ASK 1.62549 CHANGE -0.14% TIME 08 : 20:46

https://support.fxcc.com/email/technical/21122012/GBPUSD.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Technically, market sentiment remains bullish and we expect further instrument appreciation on the medium-term perspective. Pair is moving towards to our next resistance level at 1.6265 (R1). Clearance here would suggest next targets at 1.6279 (R2) and 1.6292 (R3). Downwards scenario: Possibility of further correction ahead is high on the shorter-term perspective. Below the support level at 1.6240 (S1) locates initial retracement targets at 1.6226 (S2) and 1.6214 (S3).

Resistance Levels: 1.6265, 1.6279, 1.6292
Support Levels: 1.6240, 1.6226, 1.6214

------------------------------
USDJPY :
HIGH 84.443 LOW 83.858 BID 84.119 ASK 84.123 CHANGE -0.31% TIME 08 : 20:47

https://support.fxcc.com/email/technical/21122012/USDJPY.gif

OUTLOOK SUMMARY : Neutral
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: USDJPY did not find priority in direction yet. Climb above the next resistance level at 84.23 (R1) might provide market with sufficient bullish power and attack next targets at 84.35 (R2) and 84.47 (R3) later on today. Downwards scenario: Next attractive level for the downside development locates at 83.83 (S1). Loss here might take the pair towards to eventual targets at 83.72 (S2) and 83.59 (S3).

Resistance Levels: 84.23, 84.35, 84.47
Support Levels: 83.83, 83.72, 83.59

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

alayoua

12-24-2012, 03:14 AM

Forex Technical & Market Analysis FXCC Dec 24 2012

Boehner’s ‘Plan B’ bill vote canceled

News has hit the newswires that there will be no vote on ‘Plan B’ this evening due to lack of Republican support. Speaker John Boehner has pulled his own bill, and his office has just released a statement that says, in part: “The House did not take up the tax measure today because it did not have sufficient support from our members to pass. Now it is up to the President to work with Senator Reid [(D)] on legislation to avert the fiscal cliff.” This is significant because the Speaker could not persuade his own Republican members to back his plan against President Obama’s offers and proposals on the matter. The US dollar is well bid across the board on this news, as market participants flee to safety.

The Republican-lead House of Representatives on Capitol Hill is moving ahead with a bill aimed at pressuring President Obama for a “fiscal cliff” deal. A second vote on taxes is expected later this evening; the House is in recess for now, but the Ways and Means staff is said to be on the floor ready for the tax debate to begin. In the end, even if House Speaker John Boehner’s “Plan B” were to pass, political analysts say that it stands no chance of being accepted by the Democratic-lead Senate or by the President. Time is quickly running out for US lawmakers to reach a deal to prevent a self-inflicted economic recession. At the time of writing, the U.S. dollar is finding buying interest across the board, likely underpinned by this sour mood surrounding the “fiscal cliff” developments, and on news that S&P has just downgraded Cyprus’ foreign long-term issuer credit rating to CCC+ from B. –
http://blog.fxcc.com/forex-technical-market-analysis-december-24-2012/

Forex Economic Calendar
2012-12-24 02:00 GMT | New Zealand.M3 Money Supply (YoY) (Nov)
2012-12-24 11:00 GMT | Ireland. Retail Sales (MoM) (Nov)
2012-12-24 11:00 GMT | Ireland.Retail Sales (YoY) (Nov)
2012-12-24 23:50 GMT | Japan.Corporate Service Price (YoY) (Nov)

Forex News
2012-12-24 03:09 GMT | EUR/USD quiet below 1.32
2012-12-24 02:31 GMT | AUD/JPY below 88 +11% YTD
2012-12-24 02:00 GMT | USD/JPY looking for upside break of 84.60
2012-12-24 00:45 GMT | AUD/USD below 1.04 ahead of Christmas Eve

TECHNICAL ANALYSIS

----------------------------
EURUSD

HIGH: 1.31851 | LOW: 1.31712 | BID: 1.31815 | ASK: 1.31825 | CHANGE: 0% | TIME: 08:04:49

https://support.fxcc.com/email/technical/24122012/EURUSD.gif

OUTLOOK SUMMARY: Downward penetration
TREND CONDITION: Up trend
TRADERS SENTIMENT: Bearish
IMPLIED VOLATILITY: Low

MARKET ANALYSIS – Intraday Analysis
Upwards scenario: Next on tap, resistance level at 1.3208 (R1). A break higher could open the door for an attack to next target at 1.3233 (R2) and final immediate resistance is seen at 1.3255 (R3). Downwards scenario: On the other hand, a dip below the support level at 1.3149 (S1) would clear the way towards to next targets at 1.3122 (S2) and 1.3097 (S3) in potential.

Resistance Levels: 1.3208, 1.3233, 1.3255
Support Levels: 1.3149, 1.3122, 1.3097

-------------------------------
GBPUSD

HIGH: 1.61745 | LOW: 1.61424 | BID: 1.61733 | ASK: 1.61746 | CHANGE: 0.04% | TIME: 08:04:50

https://support.fxcc.com/email/technical/24122012/GBPUSD.gif

OUTLOOK SUMMARY: Up
TREND CONDITION: Up trend
TRADERS SENTIMENT: Bearish
IMPLIED VOLATILITY: Low

Upwards scenario: Market sentiment is clearly bearish and upside movement is limited to resistance level at 1.6194 (R1). Surpassing of this level might enable next target at 1.6215 (R2) and any further gain would then be limited by last resistance at 1.6235 (R3). Downwards scenario: Break below the support at 1.6148 (S1), would signal an end of retracement phase and open way for downtrend formation on the medium-term perspective. Possible targets could be found at 1.6129 (S2) and 1.6109 (S3).

Resistance Levels: 1.6194, 1.6215, 1.6235
Support Levels: 1.6148, 1.6129, 1.6109

-------------------------
USDJPY

HIGH: 84.494 | LOW: 84.322 | BID: 84.360 | ASK: 84.366 | CHANGE: 0.14% | TIME: 08:04:51

https://support.fxcc.com/email/technical/24122012/USDJPY.gif

OUTLOOK SUMMARY: Up
TREND CONDITION: Up trend
TRADERS SENTIMENT: Bullish
IMPLIED VOLATILITY: Low

Upwards scenario: On the bigger picture trend still is pointing up. Targets at 84.57 (R2) and 84.69 (R3) might be attractive for the uptrend penetration if the price manages to break our next resistance level at 84.45 (R1). Downwards scenario: In regard to the descending movement, opportunities for bearish oriented traders are seen below the support level at 84.10 (S1). Loss here would enable next supports at 84.00 (S2) and 83.88 (S3).

Resistance Levels: 84.45, 84.57, 84.69
Support Levels: 84.10, 84.00, 83.88

Source: FX Central Clearing Ltd,( ECN Broker Account | Currency Converter | Forex Blog | FXCC (http://www.fxcc.com) )

alayoua

12-26-2012, 04:33 AM

Forex Technical & Market Analysis FXCC Dec 26 2012

Year In Preview: What Will 2013 Bring for the Euro?

Another year has gone by and a lot has happened in the last twelve months, even as the European financial crisis continues to persist. But, taking a look at the next twelve months, and it’s easy to see that things are going to be that much calmer for the single currency in 2013. Here are some things to consider when January 1st rolls around. Shift in ECB Policy With European Union growth remaining lower for most of 2012, the European Central Bank has refrained from cutting rates amid persistently higher inflation. Although not rampant, the pace of consumer prices has risen by 2.2-2.5% annually in 2012 – a cause for at least some concern and a stay on rates. However, with inflation set to decline once again on slower growth, ECB policymakers may be at a favorable point in time to execute a rate cut of 25 basis points. The notion is being supported by growth forecasts by the central bank that pit EU contraction at about 0.3% for all of next year.

The rate cut would be bearish for the Euro in the short term, but at least support the chance for growth in the wider EU region as periphery economies are expected to contribute handsomely to the decline in overall expansion.
http://blog.fxcc.com/forex-technical-market-analysis-december-26-2012/

Forex Economic Calendar
2012-12-26 13:55 GMT | USA.Redbook index (YoY)
2012-12-26 13:55 GMT | USA.Redbook index (MoM)
2012-12-26 14:00 GMT | USA.S&P/Case-Shiller Home Price Indices (YoY) (Oct)
2012-12-26 15:00 GMT | USA.Richmond Fed Manufacturing Index (Dec)

Forex News
2012-12-24 19:27 GMT | EUR/USD ends the day unchanged
2012-12-24 18:12 GMT | GBP/USD to end the year around 1.63 - Rabobank
2012-12-24 15:21 GMT | EUR/JPY hits 112.00 as investors price in comments from Japan
2012-12-24 15:06 GMT | AUD/USD trading near calculated support at 1.0385/87

-------------------
EURUSD :
HIGH 1.32332 LOW 1.31712 BID 1.31783 ASK 1.31787 CHANGE 0% TIME 08:23:45

https://support.fxcc.com/email/technical/26122012/EURUSD.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Next resistance level at 1.3217 (R1) locates above the local peak. Break here is required to enable next target at 1.3231 (R2) and any further rise would then be limited to 1.3246 (R3). Downwards scenario: Loss of next support at 1.3162 (S1) might drive market price towards to the next targets at 1.3148 (S2) and 1.3134 (S3).

Resistance Levels: 1.3217, 1.3231, 1.3246
Support Levels: 1.3162, 1.3148, 1.3134

------------------------
GBPUSD :
HIGH 1.62061 LOW 1.61009 BID 1.61202 ASK 1.61212 CHANGE 0% TIME 08:23:46

https://support.fxcc.com/email/technical/26122012/GBPUSD.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Low

Upwards scenario: Any upwards formation today is limited to resistive measures at 1.6149 (R1). A break above it would suggest next target at 1.6165 (R2). If the price holds its momentum we can expect a further rise towards to 1.6177 (R3). Downwards scenario: Further decline is possible below the next support level at 1.6109 (S1). Expected targets locate at 1.6097 (S2) and XX1.6084 (S3) in potential.

Resistance Levels: 1.6149, 1.6165, 1.6177
Support Levels: 1.6109, 1.6097, 1.6084

-------------------
USDJPY :
HIGH 84.865 LOW 84.322 BID 84.785 ASK 84.793 CHANGE 0% TIME 08:23:48

https://support.fxcc.com/email/technical/26122012/USDJPY.gif

OUTLOOK SUMMARY: Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Low

Upwards scenario: The short- term tendency is bullish as both moving averages are pointing up. Next resistance level is seen at 84.89 (R1), clearance here would open way for strengthening towards to next targets at 85.15 (R2) and 85.36 (R3). Downwards scenario: Retracement development is limited to the next support level at 84.61 (S1). Clearance here would open road towards to possible targets, located at 84.45 (S2) and 84.33 (S3).

Resistance Levels: 84.89, 85.15, 85.36
Support Levels: 84.61, 84.45, 84.33

Source: FX Central Clearing Ltd,( ECN Broker List | Forex Trading Account | Currency Converter | FXCC (http://www.fxcc.com) )

UWC Neeraj

12-26-2012, 05:15 AM

24 DECEMBER 2012: THE OPEC DOESN'T WANT THE PRICE OF OIL TO BE LOWER THAN $100

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

Last trading session in America was closed with drop, the index S&P500 lost 0,94%. Price stopped at the level of 1430,15 points. Dow Jones lost 0.91%. With approach of 2013 tension at the stock markets increases: the problem of "fiscal cliff" isn't solved, moreover, investors are getting new reasons for concerns. So, the speaker of the House of Representatives of the Congress of the USA John Beyner cancelled vote according to the project of republicans in connection with insufficient support of the ideas, thus, the resumption of negotiations between republicans and democrats is expected only after Christmas, and for achievement of the agreement they will have only 4 working days.

The most part of "blue chips" included in index finished session in "a red zone". The most notable decrease showed Bank of America (-2,00%), Exxon Mobil (-1,87%) and Walt-Disney (-1,86%), in plus there was only American Express (+0,44%) and McDonald’s (+0,16%).

Recently we heard news which can become the reason of correction of the world markets at the beginning of the next year. The prime minister of Italy Mario Monty retired on Friday, but thus declared on Sunday that he will consider opportunity to stand for the second term at parliamentary elections on February. Chances to get the second term are insignificant.

As a whole rather quiet situation remains in the oil market. Quotations are consolidating within the trade range of the last months. All attempts to leave out from these limits are unsuccessful. Among the latest news of the sector, it is necessary to note the message of several news agencies referring to the minister of oil of Iran - Rostam Ghasemi. According to him, the OPEC will hold an emergency meeting if price of oil falls lower than 100 US dollars. Besides he also noted that the price of oil is predicted to be higher than 100 dollars for barrel in 2013. This morning we can see Brent on a level of 108.78.

Gold and silver are stable this morning and a slowly recovering from the minimum levels we have seen last week. Gold is traded on a level of 1663.22 and silver is on a level of 30.236. As a whole, for this year prices of gold grew by 5.9% and this is the 12th year of growth of metal. One of the reasons of the high prices is demand of the world Central Banks which buy up metal for hedging of the risks. Nevertheless, judging the last data of the Commission of the market of futures of the USA, rates on further rally of gold fell to 13% to 112.42 thousand contracts.

Copyright: United World Capital

UWC Neeraj

12-26-2012, 05:19 AM

26 DECEMBER 2012: MARKETS ARE WAITING FOR PROGRESS IN NEGOTIATIONS ON BUDGETARY QUESTIONS IN THE USA

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

Without special enthusiasm passed the pre-Christmas truncated trading session on Wall Street. Key indexes lost about 0,2-0,4% on small trading volumes. As a part of an index of blue chips - Dow Jones, the greatest contribution to decrease in the indicator made the representatives of hi-tech sector: Hewlett-Packard (-2,3%), Microsoft (-1,42%), Cisco Systems (-0,65%).

Besides, in the days which have remained to New year, statistical departments will submit data on the housing market, in particular housing prices, sales of new buildings and incomplete sales of houses. The research organization Conference Board will publish data on dynamics of an index of consumer confidence in the USA for December. While stock markets stiffened waiting for news from America regarding "fiscal cliff".

Asian share indexes bargain today in more expanded structure, than yesterday, however the stock exchanges of Australia and Hong Kong are still closed in connection with celebration of Catholic Christmas. At the same time the Japanese Nikkei index continues the ascending movement caused by the next round of weakening of national currency, but the index of continental China SSE corrects today a yesterday's steady growth.

The Japanese yen continues today to decrease, USD/JPY pair bargains at the level of 85,3, again updating thereby an one-and-a-half-year maximum, and approaching a maximum of 2 years, established at the level of 85,5.

Yesterday futures of gold rose in price in Tokyo for the first time for the last four days this is connected with statements of the new prime minister of Japan Shinzo Abe who is the supporter of "soft" approach to economy. He insists that if the Central Bank of the country will not raise a level of inflation for stimulation of economic growth, he will change his powers. All this promotes that gold acts again for investors as "smooth water". Today this morning, we can see gold traded on a level of 1655.98. Silver is slightly strengthening and traded at level of 29.95, getting closer to a level of 30 dollars per troy ounce.

Copyright: United World Capital

UWC Neeraj

12-27-2012, 03:50 AM

27 DECEMBER 2012: MARKETS WAIT FOR NEWS FROM WASHINGTON

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

The European stock exchanges were closed yesterday, but American indexes showed not so positive dynamics and were closed with a decrease. Dow Jones lost 0.18%, but Nasdaq and S&P500 were closed with a fall of 0.74% and 0.47% accordingly. Fears of the American investors are again connected with a dependence of the main problem of year - "fiscal cliff", and also with a ceiling of the public debt which limit, according to the Minister of Finance - Timothy Geithner, will be reached already on December 31 of the current year.

Also oil to fire was added by data on retails which were record-breaking low, their volume from October 28 till December 24 grew only by 0,7% in comparison with the similar period last year. Master Card also specifies that many people show today restraint in the purchases, being afraid of "fiscal cliff" which can come on January 1 and bring with itself increase of taxes.

Futures for WTI brand oil yesterday jumped up for $2,37 to $90,98 for barrel. Today WTI oil is traded on a level of $91,18 for barrel, Brent is decreasing less than 0,2%, bargaining at the level of $111,05 for barrel.

Gold loses the positions in one of the last days of 2012, trading passes very inertly as many participants of the market already left for holidays. Gold is losing 0.25% and traded on a level of $1656.50, silver is bargaining around level of $30.00 second day in a row.

Absolutely other situation is observed in copper futures which add more than 1.3%. Quotations break through a level of $7900 after the National bureau of statistics of the People's Republic of China reported that the profit of the industrial companies in the country grew in November by 22.8% in comparison with the similar period last year. China is the largest consumer of copper therefore investors hope that recovery of the Chinese economy will positively influence demand for metal.

Copyright: United World Capital

alayoua

12-28-2012, 04:55 AM

Forex Technical & Market Analysis FXCC Dec 28 2012

Fiscal cliff looms as US lawmakers play game of brinkmanship

The "fiscal cliff" steadfastly approaches and it is a fair assumption that no one will come up with a deal in time to stop the country from careening off the edge. Nearly everyone involved claims they want to avoid the automatic tax increases and colossal budget cuts that will start kicking in at the start of 2013, however few are ready to make the compromises necessary to make that happen.

As expected, anti-tax purists in the House Republican Caucus have gotten in the way of Speaker John A. Boehners attempts to come up with a fix for the fiscal cliff. Last week, he withdrew his doomed Plan B rather than let it go to a vote he knew he would lose. Democrats were united in their opposition, though what ultimately killed the scheme was the refusal of conservatives in Boehner’s own caucus to go along with a tax increase for millionaires. Boehner now seems to have washed his hands of responsibility and says it is up to the president and Democrats in the Senate to save the country from the New Year’s program cuts and tax increases that will come so fast and furiously that the economy could suffer. President Obama cut short his Hawaii vacation to return to the snow-covered capital hoping to concoct a last-minute deal in the eleventh hour. -FXstreet.com
https://support.fxcc.com/email/technical/28122012/

Forex Economic Calendar
2012-12-28 **:00 GMT | Italy. 10-y Bond Auction
2012-12-28 07:45 GMT | France. Gross Domestic Product (YoY) (Q3)
2012-12-28 15:00 GMT | United States. Pending Home Sales (YoY) (Nov)
2012-12-28 16:00 GMT | United States. EIA Crude Oil Stocks change (Dec 21)

Forex News
2012-12-28 04:21 GMT EUR/JPY stalling below 114.70 around fresh 16-month highs
2012-12-28 02:12 GMT EUR/USD below 1.3250 waiting for a 'fiscal cliff' outcome, what else?
2012-12-28 00:56 GMT USD/JPY shooting up above 86.50 on extreme overbought readings
2012-12-27 20:12 GMT USD/CAD reaches 1-month high

--------------------
EURUSD :
HIGH 1.32527 LOW 1.32295 BID 1.32420 ASK 1.32426 CHANGE 0.06% TIME 07:51:55

https://support.fxcc.com/email/technical/28122012/EURUSD.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Price action looks mainly consolidative, though violation of our resistance at 1.3253 (R1) would be a signal of possible uptrend formation with next targets ahead at 1.3264 (R2) and 1.3276 (R3). Downwards scenario: Depreciation below the support at 1.3227 (S1) might trigger correction formation towards to next targets at 1.3215 (S2) and 1.3203 (S3)

Resistance Levels: 1.3253, 1.3264, 1.3276
Support Levels: 1.3227, 1.3215, 1.3203

---------------------
GBPUSD :
HIGH 1.61211 LOW 1.60981 BID 1.61189 ASK 1.61199 CHANGE 0.13% TIME 07:51:56

https://support.fxcc.com/email/technical/28122012/GBPUSD.gif

OUTLOOK SUMMARY : Neutral
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

Upwards scenario: Market sentiment looks neutral and upside movement is limited to resistance level at 1.6127 (R1). Surpassing of this level might enable next target at 1.6139 (R2) and any further gain would then be limited to last resistance at 1.6152 (R3). Downwards scenario: A break below the support at 1.6102 (S1) would allow bears remaining in play on the medium-term perspective. Next targets could be found at 1.6090 (S2) and 1.6078 (S3).

Resistance Levels: 1.6127, 1.6139, 1.6152
Support Levels: 1.6102, 1.6090, 1.6078

---------------------
USDJPY :
HIGH 86.629 LOW 86.066 BID 86.450 ASK 86.458 CHANGE 0.41% TIME 07:51:57

https://support.fxcc.com/email/technical/28122012/USDJPY.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

Upwards scenario: USDJPY might find buyers above the important resistance level at 86.63 (R1). Break here would open route towards to our next targets at 86.80 (R2) and 86.63 (R3). Downwards scenario: While instrument trades below the next resistance level, our intraday bias forecast would be negative. Penetration below the support level at 86.14 (S1) might open way towards to lower targets at 85.95 (S2) and 85.75 (S3).

Resistance Levels: 86.63, 86.80, 86.98
Support Levels: 86.14, 85.95, 85.75

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

UWC Neeraj

12-28-2012, 05:54 AM

28 DECEMBER 2012: LAST TALKS ON “FISCAL CLIFF” STRENGTHEN EURO

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

President Barack Obama and lawmakers are launching a last chance round of budget talks just days before a New Year’s deadline to reach a deal to avoid a “fiscal cliff”: an increase of USD 600 billion of taxes and budget cuts to be automatically executed from January 1st if politicians fail to find a budget compromise. Obama and Vice President Joe Biden will meet with congressional leaders from both parties in the afternoon today. The news has for now strengthened risk appetite and Euro/USD is up.

The two political parties remained far apart particularly over plans to increase taxes on the wealthiest Americans to help close the US budget deficit. The coming days are likely to see intense bargaining over numbers or political theatre as each side attempt to avoid blame if a deal looks unlikely.

US stocks sharply cut losses and rose on news of the House reconvening as investors clung to hopes of an 11th –hour deal. Even a partial agreement on taxes that would leave tougher issues like entitlement reform and the debt ceiling until later could be enough to keep markets calm. US stocks recovered, but fell for a fourth day after a jittery session which saw a one % fall after Senate Majority leader, Henry Reid, initially warned that a deal was unlikely. Stock markets recovered and ended flat on news on new negotiations. Dow Jones ended down 0,14 % to 13 096 after a one percentage free fall in the opening of yesterday’s session.

Asian shares inched higher on signs that Washington is making a last ditch effort to reach a budget compromise. The USD/JPY fell to its lowest level in 2 years trading at 86,64, and Japanese stocks to 21 months high on expectations of drastic monetary easing. Australian shares rose to a 19 month high and are on track to post its strongest annual gain since 2009. Oil prices rose on hopes of a US political deal. Brent crude reached USD 111 a barrel.

EURO/USD has recovered to 1.3240 after falling to 1.3170 before Christmas on news of failed budget negotiations. A budget settlement will create renewed optimism for continued US economic growth and increased risk appetite which will strengthen the Euro and smaller currencies. Australian dollar hit a 20-month peak against the yen at 89,93 and is also up against the USD.

Copyright: United World Capital

UWC Neeraj

12-31-2012, 02:33 AM

31 DECEMBER 2012: LAST DITCH EFFORTS TO AVOID “FISCAL CLIFF”

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

Democratic and Republican leaders pushed the United States to the edge of the “fiscal cliff” on Sunday as they struggled to reach a last-minute deal that could protect the world largest economy from a politically induced recession. Senate lawmakers are still hoping to clear the way for swift action thereby avoiding sweeping tax increases and spending cuts due to tick in on Tuesday, January 1st. The two sides are, however, still at loggerheads in talks. Senate was adjourned yesterday and meet again today for a last ditch effort to reach a compromise.

Senate Democratic leader Harry Reid last night postponed any possible votes; “There are still significant differences between the two sides”, Reid stated. President Obama had originally proposed a USD 250 000 income threshold for increased taxes. The Republicans are in principle against all tax increases, but has voiced a compromise threshold on USD 1 million. The parties are also wide apart on possible budget spending cuts.

As hours ticked away it appeared increasingly unlikely to avoid a USD 600 billion hammer blow to the fragile US economy recovery. Americans could see a bigger bite taken out of their pay checks starting on 1st January as payroll and income tax cuts expire. Two million unemployed Americans could see their jobless benefits run out. The uncertainties have weighed in on global, financial market. Investors are likely to sell off stocks at the beginning of the new year expressing their displeasure with a no deal.

In a rare appearance on Sunday’s NBCs “Meet the Press”, president Barack Obama warned against the immediate negative effects on markets and blamed the Republicans for rejecting significant presented compromises. His accusations were flatly refused by Republican spokesmen.

Due also to Christmas and the New year holidays investors have been sitting on the side lines waiting for Washington to act. US markets were down for a fifth straight session on Friday, and there were small changes in the currency and commodity markets. Euro/USD is trading around 1.3215 up from last week’s low on 1.3175. USD/JPY is stabile on 86 yen to a dollar. Oil prices are high with Brent crude above USD 110 a barrel. No major changes in commodity and precious metal prices. Gold is at USD 1660 an ounce.

Copyright: United World Capital

alayoua

12-31-2012, 03:26 AM

Forex Technical & Market Analysis FXCC Dec 31 2012

Time running short for ‘fiscal cliff’ deal

Well, it looks like negotiations on Capitol Hill are still ongoing and far apart to avoid January’s “fiscal cliff”, as the House and Senate are to reconvene later today, the final day for Congress to craft a resolution prior to the deadline. In a Sunday talk show, President Obama stated clearly that it appears the GOP’s top priority is to protect the tax rates for the wealthy, while his top priority is to ensure that taxes on the middle-class do not go up. Although the President says he remains optimistic, he also acknowledges that financial markets would be unfavorably impacted if the US economy stumbles off of the cliff.

As Kathy Lien, Managing Director at BK Asset Management explains in a research note: “If it becomes evident that a deal will be deferred to January, expect currencies and equities to sell-off in disappointment. With some major currencies pulling back and equities declining, we have already seen investors take profit and hedge their positions ahead of the Fiscal Cliff deadline. If Obama announces a stripped down plan and expresses confidence that a deal will be sealed by end of day Monday, we can expect currencies and equities to rally in relief.”
http://blog.fxcc.com/forex-technical-market-analysis-december-31-2012/

Forex Economic Calendar

2012-12-31 10:00 GMT | Greece.Retail Sales (YoY) (Oct)
2012-12-31 11:30 GMT | India.Current Account Balance $ (Q3)
2012-12-31 12:00 GMT | South Africa.Trade Balance (in Rands) (Nov)
2012-12-31 15:30 GMT | USA.Dallas Fed Manufacturing Business Index (Dec)

Forex News

2012-12-31 05:53 GMT | EUR/USD ending 2012 +2% higher after all
2012-12-31 05:03 GMT | Time running short for ‘fiscal cliff’ deal
2012-12-31 03:26 GMT | USD/JPY capped at 86 round with Tokyo closed
2012-12-31 02:17 GMT | AUD/JPY finishing 2012 above 89.00

TECHNICAL ANALYSIS

-----------------
EURUSD

HIGH: 1.32345 | LOW: 1.31879 | BID: 1.31993 | ASK: 1.32000 | CHANGE: -0.13% | TIME: 08 : 02:34

https://support.fxcc.com/email/technical/31122012/EURUSD.gif

OUTLOOK SUMMARY: Down
TREND CONDITION: Sideway
TRADERS SENTIMENT: Bearish
IMPLIED VOLATILITY: Low

MARKET ANALYSIS – Intraday Analysis
Upwards scenario: We expect resuming of the uptrend formation if the price manages to overcome next resistance level at 1.3215 (R1). Immediate focus comes on 1.3233 (R2) and 1.3250 (R3) in such scenario. Downwards scenario: Price setup is looking for a pullback development. Downside fluctuations remains for now limited to next support level at 1.3187 (S1), only clear break here would be a signal of market easing with next targets at 1.3165 (S2) and 1.3143 (S3).

Resistance Levels: 1.3215, 1.3233, 1.3250
Support Levels: 1.3187, 1.3165, 1.3143

----------------------------
GBPUSD

HIGH: 1.61731 | LOW: 1.61507 | BID: 1.61551 | ASK: 1.61561 | CHANGE: -0.06% | TIME: 08 : 02:35

https://support.fxcc.com/email/technical/31122012/GBPUSD.gif

OUTLOOK SUMMARY: Down
TREND CONDITION: Down trend
TRADERS SENTIMENT: Bullish
IMPLIED VOLATILITY: Low

Upwards scenario: The pair might face key resistive bastion at 1.6169 (R1). A break above it might activate upside pressure and suggest the short-term targets at 1.6177 (R2) and 1.6186 (R3). Downwards scenario: Break below the support at 1.6152 (S1), would signal an end of retracement phase and open way for downtrend formation on the medium-term perspective. Possible targets could be found at 1.6144 (S2) and 1.6136 (S3).

Resistance Levels: 1.6169, 1.6177, 1.6186
Support Levels: 1.6152, 1.6144, 1.6136

----------------------
USDJPY

HIGH: 86.173 | LOW: 85.696 | BID: 86.144 | ASK: 86.152 | CHANGE: 0.2% | TIME: 08 : 02:36

https://support.fxcc.com/email/technical/31122012/USDJPY.gif

OUTLOOK SUMMARY: Downward penetration
TREND CONDITION: Up trend
TRADERS SENTIMENT: Bearish
IMPLIED VOLATILITY: Low

Upwards scenario: The pair might keep general upside move intact after some stabilization ahead. Appreciation above the next resistance at 86.24 (R1) would enable next targets at 86.38 (R2) and 86.55 (R3) in potential. Downwards scenario: Bearish penetration below the support at 85.90 (S1) might determine negative sentiment for the remaining of the day with possible targets in focus at 85.77 (S2) and 85.64 (S3) intraday.

Resistance Levels: 86.24, 86.38, 86.55
Support Levels: 85.90, 85.77, 85.64

Source: FX Central Clearing Ltd,( ECN FX Broker Platform | Forex Account | Currency Converter | FXCC (http://www.fxcc.com) )

alayoua

01-02-2013, 04:15 AM

Forex Technical & Market Analysis FXCC Jan 02 2013

US House passes fiscal cliff bill

After weeks of talks and negotiations, the House of Representatives has finally passed the fiscal cliff bill, with the ‘yea’ votes obtained surpassing the 217 threshold needed to approve the fiscal deal. The final vote count stood at 257-167 in favour of the bill. President Obama is ready to sign it into law.

The compromise, which first was agreed by Senate in early Tuesday morning, has come not without some last minute agitated negotiation disputes, in which Republicans wanted to challenge the approved senate-bill by sending it back for revision demanding additional spending cuts, with reports initially suggesting that the House Republicans would be adjourning any decision until Wednesday. Pending the signature of President Obama, expected to be done shortly, the US officially avoids that millions of citizens suffer tax hikes and spending reductions, which would have brought the U.S. economy into recession according to economists’ projections. Worth not forgetting though, is that still plentiful of unresolved pressing issues remain, with the most immediate being the need to raise the federal borrowing limit, with the deadline over 2 month from now.
http://blog.fxcc.com/forex-technical-market-analysis-january-01-2013/

Forex Economic Calendar
2013-01-02 08:58 GMT | E.M.U. Markit Manufacturing PMI (Dec)
2013-01-02 09:28 GMT | United Kingdom. Markit Manufacturing PMI (Dec)
2013-01-02 13:00 GMT | Germany. Consumer Price Index (YoY) (Dec)
2013-01-02 15:00 GMT | United States. ISM Manufacturing PMI (Dec)

Forex News
2013-01-02 05:57 GMT | EUR/GBP holding upside bias above 0.8100
2013-01-02 04:52 GMT | USD/JPY above 87, most extreme overbought level since 2001
2013-01-02 03:50 GMT | USD/CAD drops below 0.99 on ‘cliff’ hopes
2013-01-02 03:00 GMT | GBP/USD breaks 1.63 ahead of House vote

TECHNICAL ANALYSIS

-----------------------
EURUSD

HIGH: 1.32993 | LOW: 1.31873 | BID: 1.32729 | ASK: 1.32737 | CHANGE: 0.58% | TIME: 08 : 01:28

https://support.fxcc.com/email/technical/02012013/EURUSD.gif

OUTLOOK SUMMARY: Up
TREND CONDITION: Upward penetration
TRADERS SENTIMENT: Bullish
IMPLIED VOLATILITY: Medium

MARKET ANALYSIS – Intraday Analysis
Upwards scenario: Instrument might find buyers above the resistance at 1.3276 and moves to the next targets at 1.3285 and 1.3295 in case of sufficient momentum. Downwards scenario: Consolidation development might keep bears in play for eventual targets at 1.3243 and 1.3233 if the market participants mange to push through our next support level at 1.3252.

Resistance Levels: 1.3276, 1.3285, 1.3295
Support Levels: 1.3252, 1.3243, 1.3233

----------------------------
GBPUSD

HIGH: 1.63804 | LOW: 1.62277 | BID: 1.63200 | ASK: 1.63215 | CHANGE: 0.43% | TIME: 08 : 01:29

https://support.fxcc.com/email/technical/02012013/GBPUSD.gif

OUTLOOK SUMMARY: Up
TREND CONDITION: Up trend
TRADERS SENTIMENT: Bullish
IMPLIED VOLATILITY: Medium

Upwards scenario: The next hurdle on the upside lies at 1.6381, any uptrend action above it would put in focus resistance barrier at 1.6402 as the near-term target. Next on tap final resistance at 1.6422. Downwards scenario: Today portion of the economic data releases might have significant effect on the price action, the 1.6292 mark is key support level in near-term perspective. Below here opens way towards to expected targets at 1.6270 and 1.6248.

Resistance Levels: 1.6381, 1.6402, 1.6422
Support Levels: 1.6292, 1.6270, 1.6248

------------------------
USDJPY

HIGH: 87.294 | LOW: 86.538 | BID: 87.211 | ASK: 87.222 | CHANGE: 0.68% | TIME: 08 : 01:30

https://support.fxcc.com/email/technical/02012013/USDJPY.gif

OUTLOOK SUMMARY: Up
TREND CONDITIONP: Up trend
TRADERS SENTIMENT: Bearish
IMPLIED VOLATILITY: Medium

Upwards scenario: Next actual resistance level is seen at 87.29. If the market manages to surge higher, focus might returned to the target at 87.45 and further uptrend formation could be exhausted at 87.61 intraday. Downwards scenario: Market gains momentum during the Asian session and consolidation formation looks reasonable. Next supportive measure is seen at 86.90. Break through here might offer bearish signal and expose intraday targets at 86.73 and 86.55.

Resistance Levels: 87.29, 87.45, 87.61
Support Levels: 86.90, 86.73, 86.55

Source: FX Central Clearing Ltd,( Forex Training | Currency Converter | ECN Forex Trading Accounts | FXCC (http://www.fxcc.com) )

UWC Neeraj

01-02-2013, 05:25 AM

02 JANUARY 2013: FISCAL DEAL GIVES RELIEF RALLY IN STOCKS AND COMMODITIES

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

A compromise in the 24th hour avoided the fiscal cliff at least for now. After tough negotiations running into the new year, Democrats and Republicans succeeded in reaching partial agreement on a threshold which imposes tax increases on incomes above USD 400 000. The “grand deal” of bigger taxes on the rich combined with spending cuts which President Barack Obama aimed for, has been suspended till March. The Senate and the House of Representatives voted during night hours in favor of the compromise deal, which has been difficult to swallow for all parties.

The drama around the fiscal cliff which has dominated US and global markets for the last months, has thereby found a temporarily solution. Markets reacted with relief and sent stock markets in Asia to new highs after a bumpy session in the US on New Year’s Eve. Investors shifted between optimism and pessimism till the majority gambled on a deal. Both Dow Jones and Nasdaq posted healthy gains. With president Obama’s signing of the deal this morning that gamble has paid off.

The compromise has given global markets a good start on the year in spite of general consensus that major economic and financial challenges have to be dealt with especially the big US deficits and the problems inside the Eurozone. Angela Merkel in her New Year speech reminded that problems inside the Euro-zone by no means had reached an end. The deal in Congress means, however, that there are good chances that the recovery of the US and global economy will continue. Better prospects for still high growth in China will boost global markets. This more positive sentiment is reflected in today’s trades where oil and commodity prices are up in expectations of increased growth. New York crude, NYMEX, is above USD 93 a barrel and Brent crude is above 111. Copper, gold and silver prices are also up.

The positive attitude is also reflected in the currency markets where there are increased appetite for more risky currencies as Euro and British pounds. EURO/USD trades at 1.3280 up 100 basis points. USD/GBP is above 1.63. Japanese yen, a “safe haven” currency continues to lose ground against both Euro and the USD. USD/JPY is above 87 yen a dollar. Typical commodity currencies as Australian and Canadian dollar are up together with the Scandinavian; Swedish, Norwegian and Danish krones.

Copyright: United World Capital

UWC Neeraj

01-02-2013, 06:49 AM

VIDEO MARKET REVIEWS

2 January 2013 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX)

http://i1202.photobucket.com/albums/bb370/neeraj201/uwcmr3.png

2 January 2013 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=neO14sZwPzU)

alayoua

01-03-2013, 04:22 AM

Forex Technical & Market Analysis FXCC Jan 03 2013

Congress Passes Fiscal Cliff Deal – The Breakdown

In a final hour maneuver, Congressional leaders brokered a deal that will allow the US economy to avert the Fiscal Cliff and alleviate pressure on the financial markets. The passage is being considered by some to be a victory for US President Barack Obama. But, by others, it shifts the focus to mid February when discussions are likely to begin over the impending debt ceiling.

With the bill set to be signed into law by US President Barack Obama, focus has now shifted to the impending debt ceiling debate – likely to begin in mid-February. The concern remains over the fact that Democratic leaders will need to make further concessions on spending to Republicans in order to allow an extension of the $16.4 trillion ceiling. An inability to do so would plunge the government into a plausible shutdown. This will likely include cutbacks in entitlement spending and other programs in order to equalize Republican concessions for the Fiscal Cliff deal.
http://blog.fxcc.com/forex-technical-market-analysis-january-03-2013/

Forex Economic Calendar
2013-01-03 08:55 GMT | Germany. Unemployment Change (Dec)
2013-01-03 09:30 GMT | United Kingdom. PMI Construction (Dec)
2013-01-03 13:30 GMT | United States. Initial Jobless Claims (Dec 29)
2013-01-03 19:00 GMT | United States. FOMC Minutes

Forex News
2013-01-03 05:39 GMT | EUR/GBP struggling to maintain above 0.8100
2013-01-03 05:23 GMT | GBP/USD holding above 1.6200 as Europe approaches
2013-01-03 03:18 GMT | EUR/USD loses 1.3150; stalls at 21-DMA
2013-01-03 03:12 GMT | GBP/AUD finding support at 200 day SMA 1.5450

TECHNICAL ANALYSIS

------------------------
EURUSD

HIGH: 1.31903 | LOW: 1.31238 | BID: 1.31371 | ASK: 1.31377 | CHANGE: -0.36% | TIME: 07 : 48:13

https://support.fxcc.com/email/technical/03012013/EURUSD.gif

OUTLOOK SUMMARY: Down
TREND CONDITION: Downward penetration
TRADERS SENTIMENT: Bearish
IMPLIED VOLATILITY: High

MARKET ANALYSIS – Intraday Analysis
Upwards scenario: Hourly chart correction is possible above the next resistance level at 1.3170 (R1). Next initial targets locate at 1.3189 (R2) and 1.3208 (R3). Downwards scenario: There’s a negative bias that pressures our next support level at 1.3121 (S1). Loss here might enable further market downgrade towards to expected targets at 1.3104 (S2) and 1.3086 (S3).

Resistance Levels: 1.3170, 1.3189, 1.3208
Support Levels: 1.3121, 1.3104, 1.3086

--------------------------------
GBPUSD

https://support.fxcc.com/email/technical/03012013/GBPUSD.gif

HIGH: 1.62551 | LOW: 1.62014 | BID: 1.62219 | ASK: 1.62231 | CHANGE: -0.19% | TIME: 07 : 48:14

OUTLOOK SUMMAR: Down
TREND CONDITION: Downward penetration
TRADERS SENTIMENT: Bearish
IMPLIED VOLATILITY: High

Upwards scenario: Our next resistance level is placed at 1.6258 (R1). Progress above it might enable next step of uptrend development and expose our targets at 1.6277 (R2) and 1.6295 (R3). Downwards scenario: Retracement development is limited to the next support level at 1.6201 (S1). Clearance here might change trader’s sentiment to bearish and open road towards to next targets, located at 1.6183 (S2) and 1.6164 (S3).

Resistance Levels: 1.6258, 1.6277, 1.6295
Support Levels: 1.6201, 1.6183, 1.6164

----------------------
USDJPY

HIGH: 87.356 | LOW: 87.092 | BID: 87.264 | ASK: 87.269 | CHANGE: -0.08% | TIME: 07 : 48:15

https://support.fxcc.com/email/technical/03012013/USDJPY.gif

OUTLOOK SUMMARY: Up
TREND CONDITION: Up trend
TRADERS SENTIMENT: Bearish
IMPLIED VOLATILITY: Medium

Upwards scenario: Market remains bullish oriented and next hurdle lies above the local high at 87.39 (R1).If the break occurs above it, next attractive level could be found 87.59 (R2) and any further rise would then be limited to 87.80 (R3). Downwards scenario: After the appreciation, provided yesterday price is stabilized and correction forces are possible below the support level at 86.96 (S1). Clearance here would suggest next target at 86.75 (S2). If the price holds its momentum on the downside we suggest final target for today at 86.55 (S3).

Resistance Levels: 87.39, 87.59, 87.80
Support Levels: 86.96, 86.75, 86.55

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

UWC Neeraj

01-03-2013, 05:17 AM

03 JANUARY 2013: EURO FALLS BACK ON PROFIT TAKING

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

The relief rally in securities after the US avoided the fiscal cliff, continued in Europe, the United States and Asia this morning. The Dow Jones industrial average jumped 2,35 % to 13 412. Nasdaq reached 3 112 up more than 3 %. The technology and banking sectors posted the biggest gains with Bank of America up 3,7 % and Apple as the winners. The gains came on heavy volumes with funds leaving the bond market entering into equities. 7,8 billion shares were traded against an average of 6.42 billion.

The dollar slid against high-yielding currencies with investors selling “safe haven” currencies as dollar and yen on strong risk appetite. The losses in dollar and yen might, however, be temporary. Difficult negotiation on US spending restraints and the debt ceiling are waiting in the wings. The EURO which was favourite among investors in morning hours yesterday, lost all its gain during trading yesterday and plunged 150 points to Euro/USD 1.3136 on aggressive profit taking. Commodities which saw big increases on the budget compromise in expectations on stabile growth, have as well technically corrected with the exception of oil. Brent crude still trades above USD 112,40 a barrel.

The compromise agreement on the “cliff” is seen as a victory for President Barack Obama in succeeding to increase taxes on the rich , but set up potentially bruising showdowns between Republicans and Democrats over the next two months on spending cuts and a limit on borrowing. Republicans who on the top are fighting disarray in own ranks with member principally against any tax hikes, were furious that the obtained deal did little to curb the financial deficit. There is a tense atmosphere between the two parties. The Republican House Speaker, John Boehner, is said to have told his Democrat counterparty, Harry Reid, to “go **** yourself” before a final deal was reached.

Asian stocks continued to post gains in morning hours Thursday on hopes for a steady economic revival in China. After Wednesday’s two % jump, the MSCI index for the Asian Pacific was up 0,3 %. Service sector data from China in December point to a healthy recovery. Both the China Enterprise index and Hon Kong’s Hang Sheng are up. A momentum that can last at least for some months seem to be building up.

The Japanese yen bounced back after hitting a 29-month low versus USD. Even if USD/JPY looks somewhat overbought any strength in the yen is likely to be short-lived. USD/JPY trades at 87,24. GBP has also fallen back against the dollar, but the trend seems to be in favour of a stronger British pound. The Scandinavian currencies, NOK, SEK and DKK which also boomed on the Congress deal, has technically corrected and fallen back 0,5 to 1 %.

Copyright: United World Capital

UWC Neeraj

01-03-2013, 08:00 AM

VIDEO MARKET REVIEWS

3 January 2013 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX)

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3 January 2013 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=BCtNh9cWZzc)

alayoua

01-04-2013, 05:21 AM

Forex Technical & Market Analysis FXCC Jan 04 2013

Two largest rating agencies consider US fiscal cliff deal insufficient

Moody's and Standard and Poor's credit rating agencies urged US lawmakers on Thursday to increase their efforts to tackle the country's budget deficit, as they consider the last-minute fiscal cliff measures insufficient. The deal which was struck on Tuesday between Democrats and Republicans, with the aim to avoid automatic year-end tax increases and spending cuts, improves the current situation but does not lay foundations for lowering debt ratios in the medium term, Moody's rating agency told Reuters. Moody's senior credit officer Steven Hess said that the agency would wait for the outcome of the measures adopted by the US government before making decisions on the rating outlook or the rating itself.

Pending the signature of President Obama, expected to be done shortly, the US officially avoids that millions of citizens suffer tax hikes and spending reductions, which would have brought the U.S. economy into recession according to economists' projections. Worth not forgetting though, is that still plentiful of unresolved pressing issues remain, with the most immediate being the need to raise the federal borrowing limit, with the deadline over 2 month from now.-FXstreet.com
https://support.fxcc.com/email/technical/04012013/

Forex Economic Calendar
2013-01-04 09:30 GMT | United Kingdom. Markit Services PMI (Dec)
2013-01-04 10:00 GMT | E.M.U. Consumer Price Index (YoY) (Dec)
2013-01-04 13:30 GMT | United States. Nonfarm Payrolls (Dec)
2013-01-04 15:00 GMT | United States. ISM Non-Manufacturing PMI (Dec)

Forex News
2013-01-04 04:57 GMT | USD/JPY maximum pain to shorts above 87.50
2013-01-04 04:25 GMT | Constructive on EUR/USD towards 1.35 - Westpac
2013-01-04 03:53 GMT | NZD/USD finds support at 0.8220
2013-01-04 02:40 GMT | GBP/JPY stalls an 8 week run up below 141.00

TECHNICAL ANALYSIS

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EURUSD

HIGH 1.30532 LOW 1.30191 BID 1.30426 ASK 1.30432 CHANGE -0.05% TIME 07:59:49

https://support.fxcc.com/email/technical/04012013/EURUSD.gif

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: While EURUSD trades above the next support level, possibility of correction arises if market manages to break our resistance at 1.3082 (R1). In this case we would suggest next targets at 1.3111 (R2) and 1.3140 (R3) in potential. Downwards scenario: Medium term bias is clearly negative. If the market gains momentum and break below the next support at 1.3018 (S1), we suggest next targets to be placed at 1.2989 (S2) and 1.2961 (S3).

Resistance Levels: 1.3082, 1.3111, 1.3140
Support Levels: 1.3018, 1.2989, 1.2961

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GBPUSD :
HIGH 1.61076 LOW 1.60569 BID 1.60780 ASK 1.60792 CHANGE -0.19% TIME 07:59:50

https://support.fxcc.com/email/technical/04012013/GBPUSD.gif

OUTLOOK SUMMARY Down
TREND CONDITION Down trend
TRADERS SENTIMENT Bullish
IMPLIED VOLATILITY High

Upwards scenario: The upside movement looks protected by the next resistance level at 1.6113 (R1), located at the 20 SMA. Rise above it might change market sentiment to bullish on the short term perspective and expose intraday targets at 1.6142 (R2) and 1.6170 (R3).Downwards scenario: Our next support level, located at 1.6056 (S1) is the key point for the further downtrend development. Break here is required to put in focus lower targets at 1.6026 (S2) and 1.5995 (S3) in perspective.

Resistance Levels: 1.6113, 1.6142, 1.6170
Support Levels: 1.6056, 1.6026, 1.5995

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USDJPY :
HIGH 87.831 LOW 87.239 BID 87.753 ASK 87.757 CHANGE 0.6% TIME 07:59:51

https://support.fxcc.com/email/technical/04012013/USDJPY.gif

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: USDJPY gained momentum, turning intraday bias to the positive side. Our next resistance level for today is hold at 87.85 (R1). Rise above it might open route towards to next targets at 88.16 (R2) and 88.47 (R3). Downwards scenario: On the downside our reference point locates at 87.52 (S1), decrease below it might enable bearish pressure, targeting 87.23 (S2) and any further fall would then be limited by last support level at 86.94 (S3).

Resistance Levels: 87.85, 88.16, 88.47
Support Levels: 87.52, 87.23, 86.94

Source: FX Central Clearing Ltd,( Free Forex Demo Account | Forex Software | Forex Trading Blog | FXCC (http://www.fxcc.com) )

UWC Neeraj

01-04-2013, 07:03 AM

04 JANUARY 2013: FED MINUTES BOOST USD. STOCKS AND GOLD PLUNGE

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

The Wall Street New Year’s rally came to an abrupt end yesterday when minutes from the Federal Reserve, FED’s, December policy meeting put severe questions marks to whether monetary policy stimuli will continue. The minutes were released Thursday and the optimistic markets reacted immediately by sending US and Asian markets down. The USD skyrocketed while commodities and precious metals were in free fall. Euro/USD trades at 1.3034, a 250 basis points fall from the first trading day in January. Gold plunged USD 45 from its new year’s peak, and oil prices lose ground.

The released minutes showed that some voting members of FED were increasingly concerned about the potential risks of FED’s asset purchases. The asset-buying policy has been pivotal in underpinning investor risk appetite and supporting global equities. The more hawkish FED minutes unnerved financial markets. Stocks gave up earlier gains and benchmark US Treasury yields rose to a near eight month high having a strong negative impact oil, commodities and equities lifting the dollar.

US private sector hiring was pointing upwards before the monthly payrolls report is due later today. The monthly payroll report is one crucial indicator for FED deciding on future policy course. The rise in the dollar hit precious metals and oil especially hard. A firmer dollar makes dollar-based assets more expensive for non-dollar holders. The strong moves in the markets reflect positioning after the recent rallies and before the nonfarm payrolls report which can tip markets either way.

While Nasdag and Dow Jones fell moderately, the MSCI index for Asia-Pacific fell 0,8 % after reaching a 19-months high on Thursday. The dollar hit its highest level against Yen since July 2010 at 87,78. The Euro fell to a three week low of 1.3018 against the dollar on Friday. The US dollar index, DXY, touched a four-week high against a basket of major currencies. The fall in the yen will probably continue with 90 yen against USD as likely in the short term. Yen’s fall continues to strengthen Nikkei which is at its highest level since March 2011.

Copyright: United World Capital

UWC Neeraj

01-04-2013, 07:50 AM

VIDEO MARKET REVIEWS

4 January 2013 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX)

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4 January 2013 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=dcQEgv2GnvU)

alayoua

01-07-2013, 05:01 AM

Forex Technical & Market Analysis FXCC Jan 07 2013

ECB, BOE in Prime Focus this Week

With the Fiscal Cliff behind us and the impending debt ceiling debate at least another month away, market focus will return to plain economic fundamentals next week. The sentiment is being bolstered by two central bank announcements – the ECB (January 10th, 7:45AM EST) and BOE (January 10th, 7:00AM EST). Although nothing really new is expected, both events are still likely to take the lion’s share of attention.

Nothing is expected to happen when the Bank of England meets for the first time in 2013. Although concerns have emerged over a divide in the central bank, it is unlikely that the monetary body will move to do anything other than wait-and-see. The key remains in the results from the Funding for Lending program, which is entering its sixth month of operation. In the same respect, the ECB is unlikely to move when it decides on interest rates on Thursday. Instead, monetary policy leaders will continue to highlight the option of the OMT scheme in quelling any more crisis concerns, and likely point to stabilization in the region’s member economies in justifying no rate change.
http://blog.fxcc.com/forex-technical-market-analysis-january-07-2013/

Forex Economic Calendar
2013-01-07 09:30 GMT | E.M.U. Sentix Investor Confidence (Jan)
2013-01-07 10:00 GMT | E.M.U. Producer Price Index (YoY) (Nov)
2013-01-07 15:00 GMT | Canada. Ivey Purchasing Managers Index s.a (Dec)
2013-01-07 22:30 GMT | Australia. AiG Performance of Construction Index (Dec)

Forex News
2013-01-07 05:37 GMT | US Dollar buyers not giving up
2013-01-07 05:16 GMT | NZD/USD pressured below 0.8300
2013-01-07 04:19 GMT | EUR/USD, recovery above 1.3150 exposes 1.33 – BBH
2013-01-07 03:25 GMT | AUD/JPY multi-year highs capped below 93

TECHNICAL ANALYSIS

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EURUSD

HIGH: 1.30789 | LOW: 1.30283 | BID: 1.30356 | ASK: 1.30365 | CHANGE: -0.24% | TIME: 07:50:31

https://support.fxcc.com/email/technical/07012013/EURUSD.gif

OUTLOOK SUMMARY: Down
TREND CONDITION: Downward penetration
TRADERS SENTIMENT: Bullish
IMPLIED VOLATILITY: Low

MARKET ANALYSIS – Intraday Analysis
Upwards scenario: Bearish pressure stays intact though retracement formation might take another step and refresh local highs above the resistance at 1.3065 (R1) would suggest next targets at 1.3082 (R2) and 1.3100 (R3) in potential. Downwards scenario: Next support comes in at the 1.3026 (S1) level. Loss here might keep the rally intact and drive market price towards to the next targets at 1.3009 (S2) and 1.2994 (S3).

Resistance Levels: 1.3065, 1.3082, 1.3100
Support Levels: 1.3026, 1.3009, 1.2994

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GBPUSD

HIGH: 1.60817 | LOW: 1.60211 | BID: 1.60263 | ASK: 1.60275 | CHANGE: -0.27% | TIME: 07:50:32

https://support.fxcc.com/email/technical/07012013/GBPUSD.gif

OUTLOOK SUMMARY: Down
TREND CONDITION: Downward penetration
TRADERS SENTIMENT: Bullish
IMPLIED VOLATILITY: Medium

Upwards scenario: Cable has bounced back, however If it manages to break above the next resistance level at 1.6082 (R1), we expect to see new step of uptrend development with possible targets at 1.6119 (R2) and 1.6160 (R3). Downwards scenario: Market sentiment has improved for the bearish oriented traders. Friday low is acting now as key support level at 1.6003 (S1), clearance here is required to attack lower targets at 1.5964 (S2) and 1.5924 (S3).

Resistance Levels: 1.6082, 1.6119, 1.6160
Support Levels: 1.6003, 1.5964, 1.5924

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USDJPY

HIGH: 88.373 | LOW: 87.789 | BID: 87.838 | ASK: 87.844 | CHANGE: -0.34% | TIME: 07:50:33

https://support.fxcc.com/email/technical/07012013/USDJPY.gif

OUTLOOK SUMMARY: Down
TREND CONDITION: Downward penetration
TRADERS SENTIMENT: Bullish
IMPLIED VOLATILITY: Medium

Upwards scenario: USDJPY accomplished new step of uptrend formation and fall to the correction formation. Risk of further market increase is seen above the resistance at 87.95 (R1). Violation here might increase bullish pressure and expose next targets at 88.15 (R2) and 88.34 (R3). Downwards scenario: Bearish pressure remains in power today as both moving averages are pointing down. Next support level is seen at 87.59 (S1). Decline below it might resume weakness towards to our targets 87.40 (S2) and 87.22 (S3).

Resistance Levels: 87.95, 88.15, 88.34
Support Levels: 87.59, 87.40, 87.22د

Source: FX Central Clearing Ltd,( Currency Converter | Top ECN Forex Broker | Forex Demo Account | FXCC (http://www.fxcc.com) )

UWC Neeraj

01-07-2013, 06:48 AM

07 JANUARY 2013: ASIAN STOCKS DRIFT ON PROFIT TAKING

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

Asian stocks drifted on Monday as investors booked profits from a New Year rally pushed market to highs not seen in months. Financial stocks gained after global regulators relaxed draft plans for tougher banking liquidity rules. The Asian Pacific MSCI-index retreated 0,9 % on Friday and was flat today after reaching its highest level since August 2011. The Japanese Nikkei retreated after last week touching a 23-month high.

US jobless claims reported in line with expectations on Friday adding 155 000 new jobs. The unemployment rate is at 7,8 % indicating a slow, but steady recovery in the US economy which has propelled Wall Street stocks to a five year high. Minutes from the December meeting of the Federal Reserve, FED, released Thursday led to tumults in global, financial markets having riskier currencies and commodities to plunge. The USD index towards a basket of currencies rose to its highest level in week as the minutes were interpreted as FED is considering to end its bond-buying program as early as this year.

The jobless data which strengthen the prospects of economic growth, had a stabilizing effect on commodity and precious metal prices. Gold rebounded from its USD 1625 an ounce level and trades at 1652 in the morning. Also silver has turned from USD 29,50 to 30,30. The dollar is close to a two-and-a-half-year high against the yen as investors adjusted to the possibility of more monetary stimulus from the Bank of Japan (BOJ) and less from FED. The dollar posted a gain on 2,7 % against yen after reaching a 88,40 peak on Friday. USD/JPY is currently trading at 87,941.

EURO/USD fell to 1.30 on Friday on the interpretation that monetary easing is about to end. It has recovered over the weekend trading at 1.3032. The US benchmark S&P index, SPX, closed at its highest level since December 2007 on Friday after the publishing of job data which also showed a healthy expansion of jobs in the services sector.

For the first time since 2001 the United States dominates the list of places that global real estate investors would prefer to put their money in 2013. A published survey reflects a sharply more optimistic view on the US economy and property market for 2013. New York and London top the list with San Francisco number 3 and Houston, Texas climbing to number 5 with Washington in fourth place. Among countries US is ranked number one followed by Brazil, UK and Turkey. Among emerging countries Brazil is the top spot followed by China, Turkey, India and Mexico.

Copyright: United World Capital

UWC Neeraj

01-07-2013, 06:53 AM

VIDEO MARKET REVIEWS

7 January 2013 : Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX)

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7 January 2013 | UWCFX Daily Market Review - YouTube (http://www.youtube.com/watch?v=0dPaBr2MhzE)

UWC Neeraj

01-08-2013, 02:55 AM

08 JANUARY 2013: US AND ASIAN STOCKS FELL ON PROFIT CAUTION

DAILY MARKET REVIEWS
by Arne Treholt Vice-President of Business Development and Investments

US and Asian shares took a break from the new year’s rallies yesterday and this morning on negative anticipations ahead of the corporate earnings season for last quarter of 2012. The aluminum giant, Alcoa, is as usual the first to present its quarterly results later today. The MSCI-index for Asia-Pacific drifted lower and eased 0,3 % after the New Year rally lifted stocks 2 %. Dow Jones were down 0,38 % with Walt Disney and Boeing the big losers. McDonald was on the top of the winning list gaining 1,18 %.

In South Korea Samsung Electronics, the world’s number one producer of memory chips and handsets posted a record operating profit on more than 8 billion dollar. Samsung’s guidance is in line with forecasts for quarterly presentation on January 25th. The South Korean KOSPI lost 0,4 % in spite of Samsung’s announcement. Generally there are a cautious attitude towards the fourth quarter presentations. Results are expected to be generally bad. This is going to weigh in on stock markets the coming two – three weeks.

The Euro remained firm against the dollar trading in the interval between 1.30 and 1.3035 on speculation that the European Central Bank (ECB) might refrain from signalling more interest cuts when it meets on Thursday. USD/JPY which jumped to 88,40 at the end of last week, gaining more than 10 percent in two months, has corrected over the last two days trading at 87,50 yen to a dollar. The weakening of the yen is a result of speculation that the new Japanese government will push for aggressive monetary easing to fight deflation.

Position adjustments are awaited in currencies ahead of the ECB meeting and earnings reports. Euro/USD might gain ground and push back to the 1,3050 level ahead of Thursday ECB meeting. After the strong rally in USD/JPY a downward correction is waited. There is, however, strong technical resistance at 86,50 yen.

Copper prices rose to USD 8 096 a tonne on rumours that China’s annual Gross Domestic Product (GDP) has picked up in the last quarter. It is likely to increase to 7,8 %, higher than the general forecast on 7,5 %. China is the world’s biggest consumer of copper and other commodities. Oil prices remain steady with New York crude, NYMEX trading at USD 93 a barrel. Brent is at 111,50. Gold and silver prices stick above USD 1645 and 30 an ounce.

Copyright: United World Capital