An SSI Trade
Wed, 10 Mar 2010 17:09:33 GMT

For years, savvy traders have incorporated sentiment into their trading approach. 

 

Australian Dollar Continues to Firm 03-10
Wed, 10 Mar 2010 16:55:08 GMT

9170 and 9300 are potential resistance levels for the AUDUSD. A drop below 9050 is needed in order to suggest that the larger trend has turned back down.

 

Light Crude 03-10
Wed, 10 Mar 2010 16:54:59 GMT

 

Gold 03-10
Wed, 10 Mar 2010 16:53:45 GMT

 

New Zealand Dollar Outperforms Ahead of RBNZ Rate Decision, Japanese Yen Pares Two-Day Rally
Wed, 10 Mar 2010 16:52:56 GMT

The New Zealand dollar extended the rally from earlier this week and is the best performing currency against the greenback on Wednesday, while the Japanese Yen weakened across the board and retraced the two-day rally against the U.S. dollar.

 

US Dollar / Swiss Franc 03-10
Wed, 10 Mar 2010 16:52:42 GMT

 

US Dollar / Canadian Dollar 03-10
Wed, 10 Mar 2010 16:51:30 GMT

 

US Dollar / Japanese Yen 03-10
Wed, 10 Mar 2010 16:50:21 GMT

 

New Zealand Dollar / US Dollar 03-10
Wed, 10 Mar 2010 16:48:37 GMT

 

British Pound / US Dollar 03-10
Wed, 10 Mar 2010 16:47:11 GMT

 

Euro / US Dollar 03-10
Wed, 10 Mar 2010 16:45:14 GMT

 

USD/CAD Channel Presents Scalping Opportunity
Wed, 10 Mar 2010 16:20:35 GMT

The Canadian dollar continues to find support on strong domestic fundamentals and an increase in broader optimism. The USD/CAD has closed lower for eight straight days and is looking to end that streak today. However, we have seen daily volatility condense which has created an ideal scalping opportunity. The pair continues to trade along a descending support trend line which is limiting downside risks and providing a target level for traders.

 

AUD/CHF
Wed, 10 Mar 2010 14:40:53 GMT

The AUD/CHF remains in a strong uptrend with a new 20-month high being printed this morning.

 

FXCM Introduces Mobile Forex Trading
Wed, 10 Mar 2010 14:04:04 GMT

 

A Drop in German Exports Casts Doubt on Recovery
Wed, 10 Mar 2010 13:13:47 GMT

The German trade balance surplus unexpectedly shrank in January from 13.4 billion to 8.0 billion as falling exports offset rising imports. Demand from abroad dropped by 6.3% against forecasts for a 0.5% improvement led by weakness from other Euro-zone members.

 

U.K. Manufacturing Tumbles for the First Time in Five Months
Wed, 10 Mar 2010 12:59:45 GMT

 

Daily Sound Bites 03.10
Wed, 10 Mar 2010 12:25:27 GMT

 

Fed in Process of Orchestrating Policy Shift
Wed, 10 Mar 2010 12:00:05 GMT

While most currencies have been consolidating or tracking lower against the buck on the day, Kiwi stands out and has actually outperformed, with no direct catalyst for the demand other than some pre-RBNZ volatility.

 

Euro Holds Narrow Range, British Pound Extends Decline as U.K. Manufacturing Falters
Wed, 10 Mar 2010 11:43:53 GMT

 The Euro tipped lower against the greenback on Wednesday, with the exchange rate slipping to a low of 1.3545 during the overnight trade, and the single-currency is likely to maintain the narrow range carried over from the previous week as policy makers in Europe aim to support the economies operating under the fixed-exchange rate system.

 

Oil, Gold May Decline as Monthly US Deficit Hits Record
Wed, 10 Mar 2010 09:45:18 GMT

Oil and gold prices may decline amid expectations for a sharp increase in borrowing costs as the US Treasury’s monthly budget statement shows the largest monthly shortfall since records began nearly 33 years ago.

 

USD Graphic Rewind 03.10
Wed, 10 Mar 2010 07:46:05 GMT

 

USD/JPY Classical 03.10
Wed, 10 Mar 2010 06:52:48 GMT

 

USD/CHF Classical 03.10
Wed, 10 Mar 2010 06:50:50 GMT

 

USD/CAD Classical 03.10
Wed, 10 Mar 2010 06:49:24 GMT

 

NZD/USD Classical 03.10
Wed, 10 Mar 2010 06:47:17 GMT

 

USD lower, JPY pressured by BOJ ease speculation
Wed, 10 Mar 2010 17:57:33 GMT

USD : Lower, inventories drop more than expected, stocks rally JPY : Lower, BOJ ease speculation, weak machinery orders EUR: Higher, German exports drop sharply, industrial production rises in Italy and France GBP : Lower, industrial production posted an unexpected decline, concern about UK debt rating CAD and AUD : AUD & CAD higher, strong Chinese trade data, stocks and crude rally Overview USD traded in a narrow range gaining versus JPY and GBP, and drifting lower versus the EUR and

 

Spot PALLADIUM
Wed, 10 Mar 2010 16:51:05 GMT

Comment: Almost, but not quite. While Gold gets all the hype, spot Palladium is by far the best performer, increasing in value by 240% over the last twelve months (as compared to bottom of the pile Gold at 124%). The only other metals that come close are Nickel (225%) and Copper (210%). Last week it closed at a new high for this year, but just below 75% Fibonacci retracement resistance, which is a pity really. Allow for several weeks of consolidation under the psychological $500.00 area, where

 

EUR/USD, GBP/USD Flows - last data release of a busy day fails to inspire
Wed, 10 Mar 2010 15:23:00 GMT

US wholesale inventories are lower than expected but not featuring very highly on FX traders' radar. EUR/USD remains cemented in its range, while Cable is still short of a close above the 1.4940 level that would likely relieve some of the downside pressure. PB

 

Chart USD/BRL Update: Inching closer to S/T bottom territory
Wed, 10 Mar 2010 14:29:08 GMT

Published at 14:15 (GMT) 10 Mar 9:15 EST - USD/BRL is not seeing any solid downside momentum around the 1.773 to 1.75 zone. Though, there is still time for one more push toward the 1.75 barrier before the mkt forms a S/T bottom. We would use a close above the upper TL at 1.809 as a breakout signal if seen in the day(s) ahead. R.Z

 

Sterling slips below $1.5000 on trade balance data and credit concerns
Wed, 10 Mar 2010 12:43:24 GMT

The British pound tumbled to below $1.50 on Tuesday on weak economic data and as credit ratings firms warned on Britain's sovereign rating and those of its commercial banks. Political uncertainty about a hung parliament as the latest opinion polls showed a close race in key marginal seats also hurt the pound, as well as a general pullback in riskier assets. The pound was also hit after Fitch Ratings said Britain's sovereign credit profile had deteriorated, and urgency for fiscal adjustment was

 

US FX Futures Report
Wed, 10 Mar 2010 12:47:51 GMT

Most of the foreign currencies futures open as expected in the US, with all the European and commodity currencies but the pound up, and the yen down. The pound, which remains the weakest of the major European currencies, was hurt today by an unexpected contraction of the UK industrial production. Meanwhile, the euro failed to benefit properly from strong regional industrial production reports because it remains marred by the Greek financial tragedy. The US economic agenda remains barren for a

 

USD/JPY, EUR/JPY Flows - Small splash from BoJ story
Wed, 10 Mar 2010 12:21:30 GMT

Published at 12:10 (GMT) 10 Mar As our colleague Ben Levett wrote earlier, the Reuters source story about a possible BoJ ease at the monetary policy meeting next week is plausible, if only because they do need to roll over their 3 month opps! But though the impact has been to see a weaker JPY, it is perhaps a little bit of a surprise that Reuters didn't make more of a splash with it! At the same time we also note reports of exporter offers beginning at 90.50, and becoming larger nearer to 91,

 

Forex - GBP Under Heavy Selling Pressure
Wed, 10 Mar 2010 10:51:32 GMT

Forex News and Events: Overall trading has been insipid in the Asian session, a testimony to the lack of real drivers out there. And while we have seen some decent volatility in FX, pairs have not broken out of mid-term ranges. Interestingly, equity indexes continue to climb higher with S&P closing on the resistance at 1150, VIX safely below 20 and Crude prices steadily rising to $82.00bll. The Australian data was mixed with consumer confidence up 0.2% to 117.3, but owner occupied housing

 

EUR/GBP, GBP/USD Flows - Bounce reversed as IndProd disappoints
Wed, 10 Mar 2010 10:02:04 GMT

Published at 09:32 (GMT) 10 Mar GBP made up all the losses from the European open ahead of the IndProd data, but surprise fall there has reversed it again. The weather (and a strong December) are getting the blame, but no one needs much reason to sell GBP just now. PB

 

Stronger greenback weights on precious metals
Wed, 10 Mar 2010 09:15:37 GMT

Headlines Crude slightly corrects previous gains Stronger greenback weights on precious metals Rise in Chinese imports returns copper above 7500$/t

 

Chart EUR/NOK Update: Even for now
Wed, 10 Mar 2010 09:15:26 GMT

Published at 08:54 (GMT) 10 Mar 10 Mar EUR/NOK Daily 08:45 - The extended balance at 8.04 or so continues to fill out- narrowing between 8.00 and 8.10 but close to retesting the l/t downtrend (at 8.08 or so now.) L/t position is still weak (separated lower from 8.12) so a 7.93-0~ test has to be feasible shortly. [NR] R5: 8.1265 * 21-Jan low R4: 8.114 * 20-Jan low R3: 8.08~ downtrend fr Nov R2: 8.0645 9-Mar high R1: 8.04~ * Feb-Mar range pivot S1: 8.007 5-Mar low S2: 7.9915 * 18-Feb low S3:

 

Australian January mortgage lending –7.9% on higher rates and end of government grants
Wed, 10 Mar 2010 07:53:22 GMT

Quote: ‘My father had a fierce work ethic. At one point, when I was nine or ten years old and the family was barely scraping by, Dad decided he’d cut our hair himself. He did such a bad job that he left bare patches on our scalps, then he filled in the bald spots with pencil and said no one would notice.’ Hank Paulson (1946-) The News: Australian January mortgage lending –7.9% on higher rates and end of government grants, biggest decline in almost 8 years, surprising everyone. The Numbers:

 

Technical Major Currencies Morning Report
Wed, 10 Mar 2010 07:44:18 GMT

EUR/USD The pair approached the main target at 1.3525 to return and fluctuate around MA 50. Stochastic entered overbought areas; therefore we expect a bearish intraday direction that targets 1.3525 and then will attempt to breach it and head towards 1.3430. It is vital that trading remain below 1.3685 to maintain chances of achieving this suggested scenario. The trading range for today is among the key support at 1.3430 and the key resistance at 1.3705. The general trend is to the upside if we

 

Flows - USD/TWD pressured; CBC using OMO to drain excess liquidity
Wed, 10 Mar 2010 07:06:52 GMT

Published at 06:52 (GMT) 10 Mar Prices slipped past the 31.750-mark into afternoon trades as most regional pairings trekked lower on the positive China trade data. USD/TWD was seen pressured to 31.729 lows so far and Taiex closed modestly higher at 0.11%. Expect inflows to continue capping upsides though intervention threat is seen below - could see the central bank coming in to prop up prices just before closing. Meanwhile, some focus on this: a bank official said that the central bank has

 

JPY gained additional ground during yesterday's trade – especially against EUR and DKK
Wed, 10 Mar 2010 07:07:36 GMT

Today’s Comment Industrial production in the UK has finally begun to grow following the solid fall, but the increase is still only marginal. It is a little worrying that the advance was not stronger during a period with a weak exchange rate and improvement in the global economy. The economic-trend indicators for manufacturing industry do, however, point in the right direction, and we anticipate that industrial production will increase in January. Pound sterling is currently under pressure due

 

Asia Session
Wed, 10 Mar 2010 07:00:15 GMT

The much hyped Chinese trade balance data failed to ignite any dynamic moves as currency pairs in Asia remained confined to ranges once again. Chinese trade balance data that many had assumed would instigate moves in risk today failed to do so as it came in on target at 7.6B, down from last month’s 14.2B. However, Exports came in at 45.7% vs. the projected 38.3%, but did nothing but spark talk of inflation and overheated markets. Market watchers are now looking ahead to tomorrow’s Chinese data

 

EUR/USD, EUR/GBP Flows - EUR eye more from Greece's 3 GPs - PM, Finmin, George Ps
Wed, 10 Mar 2010 06:50:11 GMT

Published at 06:34 (GMT) 10 Mar Recap on Greece; focus on the BIG THREE GPs in Greece - Mr GEORGE Ps - are all working very hard to restore confidence in Greece - Prime Minister GEORGE Papandreou, Finance Minister GEORGE Papaconstantinou and Greek Central Bank Governor GEORGE Provopoulos. Focus on any more fresh and new comments from Greek PM, Greek Finmin, Greek CB Governor - with focus ahead of next week March 16 deadline given by Eurogroup after the crisis meeting. EUR/USD at 1.3596-99,

 

Late Snapback Keeps Rally Going
Wed, 10 Mar 2010 06:20:52 GMT

The stock market indices ended up on the day after a late snapback rally brought them back from a sharp afternoon sell-off. The day started out, however, with a bit of a dip lower, and then immediately reversed and rallied strongly. The Nasdaq 100 rallied from 1886 to 1911, and the S&P 500 from 1135 to 1145. In the afternoon when they couldn't make any further progress and an early afternoon rally failed to take out the late morning highs, the indices rolled over, dropping the NDX from

 

Chart USD/IDR Update: Intraday trade threatening downside
Wed, 10 Mar 2010 06:05:04 GMT

Published at 05:50 (GMT) 10 Mar   SHARETHIS.addEntry({ title: 'Chart USD/IDR Update: Intraday trade threatening downside', url: 'http://www.fxmarketalerts.com/free/document.aspx?utm_campaign=SampleReports_ShareIt&utm_source=SampleReports&utm_method=ShareIt&codes=d7ac030a-2133-4a08-a102-c64609b36b06' }, { button: true, onmouseover: false }); Intraday strength seen early this morning capped by the 9215 resistance and prices are now leaning towards the 9170 low and break will trigger renewed

 

Constructive Signs for DIG
Wed, 10 Mar 2010 06:14:13 GMT

The Ultra Oil & Gas ProShares ETF (NYSE: DIG) popped above key Feb-Mar resistance at 34.40/50 to a recovery high at 35.05, after which it revisited the breakout level into this morning’s low at 34.25. This morning’s upside pivot reversal from 34.25 has propelled the DIG to a higher recovery high at 35.10 so far. The fact that the price structure is holding above the breakout plateau (34.25) within a larger base-like pattern that projects to 37.50 next is a very constructive sign. At this

 

Dollar Avoids a Trend Once Again after Retracing Risk Aversion Gains
Wed, 10 Mar 2010 06:45:43 GMT

Euro Stumbles as Policy Officials Voice Their Doubts over Greece and an EMF Solution  British Pound Hit by Data and Credit Rating Warnings  Japanese Yen Benefits from Carry Unwinding and Strong Signs of Economic Recovery Dollar Avoids a Trend Once Again after Retracing Risk Aversion Gains Through Tuesday’s Asian and European trading hours, the US dollar was set into a moderate bull trend that was facilitated by a distinct rise in uncertainty and the resultant flight-to-safety flows.

 

Market Morning Briefing
Wed, 10 Mar 2010 03:46:44 GMT

Morning Briefing : 10-Mar-2010 - 0333 GMT GOOD MORNING! EQUITIES The US Equities ended higher yesterday. The Dow (10564.38) closed up 0.11% and the Nasdaq (2340.68) closed up 0.36%. The Dow looks up and may move towards 10700 in the coming sessions. The Asian Equities are trading lower today. The Nikkei (10559.05) is trading down 0.08% post a 3.7% drop in Japan’s machinery orders in January 2010 as against a jump of 20.1% in December 2009. The Nikkei is finding it difficult to break above the

 

European FX Futures Report
Wed, 10 Mar 2010 03:16:33 GMT

The foreign currencies futures xxx in the Far East after a divergent day of trading on Tuesday, when the commodity currencies and the yen advanced and the European currencies fell.   The Asia/Pacific stock markets, while oil and gold   The short-term outlook is slightly bullish for the European and commodity currencies and marginally bearish for the yen. The medium-term outlook remains bearish for the European currencies and sideways for the yen and the commodity currencies. My model

 

Yen Strength Returns
Wed, 10 Mar 2010 02:43:16 GMT

Yen Strength Returns U.S. Dollar Trading (USD) was able to make solid gains in Europe as the Greece fears resurfaced on news Fitch may still downgrade the embattled country. US stocks turned positive however and the market pared back some of the Dollars gains. In US stocks, DJIA +11 points closing at 10564, S&P +1 points closing at 1140 and NASDAQ +8 points closing at 2340. Looking ahead,Crude Oil Inventories are forecast at 2.1mn vs. 4.1mn previously. The Euro (EUR) slumped in Europe

 

US INDEX, USD/JPY Flows - NKS: GPIF To Keep Asset Allocations For 5 Yrs
Wed, 10 Mar 2010 01:49:33 GMT

Published at 01:32 (GMT) 10 Mar   USD/JPY at 89.95-00 - hearing 2-way flows : FY repatriation/ exporters vs offshore investment/toushin; some focus on the GPIF investment flows, NKS: The Govt Pension Investment Fund (GPIF) plans to maintain its current asset allocations for 5 years starting in fiscal 2010 in line with Welfare Minister Akira Nagatsuma's preference for the status quo. The pension fund manages about Y122 trillion ($1.36tln) of the nation's public pension assets.

 

Chart USD/CNY 1-Yr NDF Update: Consolidation prevails
Wed, 10 Mar 2010 01:48:03 GMT

Published at 01:26 (GMT) 10 Mar Trade seen last few sessions remain choppy and with current neutral stance seen on daily technical tools, further consolidation is expected into intraday play. Support is seen at 6.6250 and need move below latter to trigger stronger selling towards 6.6180 ahead of 6.6050. R5: 6.6880

 

The Trend Trader for ETFs
Wed, 10 Mar 2010 01:44:56 GMT

 

The Trend Trader for the Dow 30 Stocks
Wed, 10 Mar 2010 01:42:44 GMT

 

The Trend Trader for Forex
Wed, 10 Mar 2010 01:38:16 GMT

 

The Trend Trader for Futures
Wed, 10 Mar 2010 01:37:04 GMT

 

U.S. Forex Market Commentary
Wed, 10 Mar 2010 01:12:45 GMT

EURO The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3535 level and was capped around the $1.3635 level.  Greek Prime Minister Papandreou said U.S. President Obama is “supportive” of the fiscal measures Greece is taking to improve its economic situation.  Papandreou added “We’re not askin for a bailout…we’re not asking for financial help from anyone.” The European Union today reported it is considering bannking “purely

 

Daily Market Outlook
Wed, 10 Mar 2010 00:23:03 GMT

Market Review - 09/03/2010 22:52GMT Euro declines on debt woes and Fitch's comments The dollar traded higher against most major currencies except the Japanese Yen on Tuesday. The safe-haven yen rose broadly amid Japanese repatriation flows while the single currency fell on concerns peripheral euro zone economies could face debt problems similar to those of Greece.      Euro extended Monday's decline against the greenback after staging a brief bounce to 1.3636 in Asia with

 

AUD/JPY, AUD/USD Flows - AUD hit 6-wk highs after Westpac; ANZ, NAB data + RBA Lowe
Tue, 09 Mar 2010 23:57:11 GMT

Published at 23:49 (GMT) 09 Mar Aussie extends gains to fresh 6-week highs of 0.9163, up from 0.9150-55, after strong Westpac consumer confidence data, the 3 strong data from the 3 big 4 Australia banks, since yesterday. Australia Westpac-MI consumer confidence for March +0.2% to 117.3, despite the latest 25bps RBA hike to 4.00%. This comes after yesterday strong data from the other 2 big Aust banks. NAB Business conditions index for February jumps to +8 vs +3, business confidence index rises

 

Chart AUD/JPY Update: Spike-up from 81.22 low shifting focus towards upside
Tue, 09 Mar 2010 23:09:22 GMT

Published at 23:04 (GMT) 09 Mar   AUD/JPY Daily The spike-up from last session's pullback low of 81.22 is shifting focus towards the 82.55/80 congestion highs and need a sustained move above the latters to trigger stronger momentum to 83.27 ahead of 83.90. Bias upside unless prices slip back below 81.22 support. R5: 84.34 * 19 Jan high R4: 83.90 21 Jan 2010 high R3: 83.27 18 Jan 2010 low R2: 82.80 * 22 Feb high R1: 82.55 8 Mar high S1: 82.08 intraday level S2: 81.75 intraday level S3:

 

Asia FX Futures Report
Tue, 09 Mar 2010 22:45:20 GMT

The foreign currencies futures ended divergently on Tuesday, with the commodity currencies and the yen up and the European currencies down. The weakest link, the pound, led the decline. The US stock markets advanced, but oil and gold fell. The gold was hurt by China director of SAFE’s comments that US Treasury purchases are ongoing each day and that gold would be unlikely to be China’s primary investment to diversify its reserve holdings due to price volatility and China’s impact on the

 

New York Session
Tue, 09 Mar 2010 22:27:52 GMT

Risk appetite returned to the marketplace (albeit modestly) despite what was a cocktail of US economic data that continued to look anything but robust. US equities reversed early session losses and managed to squeeze up marginally on the day. This elicited a turn lower in the US dollar, which had been recently supported by the overall flight to safety of late. EUR/USD managed to creep back above 1.36 in the latter half of the session after making a low near 1.3540 earlier. There was talk of

 

USD higher, EUR and GBP pressured by credit warnings
Tue, 09 Mar 2010 17:41:58 GMT

USD : Higher, risk aversion re-emerges on European debt worries JPY : Higher, supported by a return of risk aversion, leading index rose more than expected EUR : Lower, concern about Greek debt troubles, ECB’s Stark says debt places strains on monetary policy GBP: Lower, Moody’s and Fitch warnings on banks and debt, weak housing data, trade deficit widened CAD and AUD : AUD & CAD higher, Australia’s job ads strong, tracking equities, gains versus Europe Overview USD traded higher Tuesday

 

Forex Daily Analysis - Greece Debt Concerns Ease, EUR Currently Bullish
Tue, 09 Mar 2010 15:31:56 GMT

Some of the latest price movements in the EUR have reflected a growing sense of optimism in the Euro-Zone, given the mild easing of debt concerns in Greece. Switzerland also appears to be having a positive effect on the region with a recent report which showed retail sales climbing much higher than forecast last month. Investor confidence in the region also appears to have risen slightly better than was anticipated. Whether Europe can sustain this bullish momentum is yet to be seen, but so far

 

Poland FX Flows - More FX comments from the MPC, NBP unhappy with zloty strength
Tue, 09 Mar 2010 13:56:03 GMT

Published at 13:41 (GMT) 09 Mar More FX comments from the MPC, this time rate setter Rzonca says on as Reuters panel discussion: "It is very important that we avoid zloty appreciation. The strong zloty appreciation phenomenon that we have seen over the last two weeks is a phenomenon that I hope will stop". Again, very strong wording, a very explicit time horizon - underlying that the NBP is getting more and more edgy about the strong zloty. Not that this should be a big surprise - we warned

 

Don't Forget the Canadian Dollar
Tue, 09 Mar 2010 13:20:45 GMT

An Outlook for the Canadian Dollar The Canadian Dollar has a history of moving higher from mid March to the end of May. Will history repeat this year? Seasonal influences A recent seasonality study by EquityClock.com based on data for the past 20 years shows that the Canadian Dollar has a seasonal sweet spot between mid March and the end of May. On average, the Canadian Dollar has gained 2.0 percent per period against the U.S. Dollar. The sweet spot corresponds to a period when seasonal demand

 

Forex Market Outlook on Majors
Wed, 10 Mar 2010 10:07:30 GMT

INTRA-DAY GBP/USD: 1.4902 Last Update At 10 Mar 2010 09:36 GMT Despite cable's brief bounce to 1.4958/59, sub sequent retreat after the release of weaker-than- expected U.K. industrial n production data suggests recovery fm 1.4885 is over n decline fm 1.5017 may extend marginally to 1.4855/56 b4 rebound. Wud be prudent to exit short n stand aside for now. Abv 1.4958/59 wud bring gain to 1.4982/90... Range Forecast 1.4885 / 1.4920 Resistance/Support R: 1.4982/1.5017/1.5031 S:

 

EUR/USD Daily Outlook
Wed, 10 Mar 2010 10:03:02 GMT

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD EUR/USD: 1.3589 Late Update At 10 Mar 2010 09:22 GMT Despite early brief drop to 1.3544, current strg rebound suggests further choppy trading abv nr term good sup area at 1.3530/37 wud continue n gain to 1.3600 cannot be ruled out, however, res at 1.3617 shud remain intact. Wud be prudent to exit short n stand aside. Abv 1.3617 wud bring further gain to 1.3642... Range Forecast 1.3570 / 1.3600 Resistance/Support R: 1.3617/1.3642/1.3673 S:

 

USD/JPY Daily Outlook
Wed, 10 Mar 2010 09:32:09 GMT

INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY USD/JPY : 90.20 Last Updat e At 10 Mar 2010 09:09 GMT Dlr's rebound after brief pullback to around 89.94 suggests the rise fm y'day's low of 89.63 has resumed n further gain to 90.33 is likely, however, breach of 90.50 needed to confirm pullback fm 90.69 is over n yield another upmove to said res. Buy on dips with stop as indicated n only below 89.63 wud risk stronger retreat to 89.49.... Range Forecast 90.00 / 90.30 Resistance/Support R:

 

Daily technical outlook
Wed, 10 Mar 2010 07:19:30 GMT

Quote of the day : Insanity is doing the same thing over and over again and expecting a different result. — Albert Einstein EURUSD Trading strategy : waiting for a break above 1.3700 to consider a long position Support on the 61.8% of 1.3435-1.3735 at 1.3550 remains intact after the 2nd test but the euro’s recovery is limited, facing intra-day resistance around 1.3610. In case of a rally, 1.3690/00 is the key barrier to watch, as a short-term range breakout confirmation would be provided

 

Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Wed, 10 Mar 2010 06:13:05 GMT

Spot Gold SPOT GOLD  closed @ 11220 which was BELOW the open and was within prior day's trading range. The High was 2 Dollars from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2.   The Hourly Oscillators are Bullish but Weak and the price is Below the MA, so CAUTIOUS  approach is needed for the Bulls. Hourly Trend is Sideways while 11325 holds and Daily Trend is Turning Down while 11450 holds, so expect the price to be Choppy and Upside

 

Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)
Wed, 10 Mar 2010 06:03:46 GMT

EURJPY EURJPY closed @ 12235 which was BELOW the open and breached the previous day's low. The High was 5 pips from Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Corrective Down while 12285 holds and Daily Trend is Turning Up while 11970 holds, so expect the price  to be Choppy until the breakout happens.  The Daily

 

Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Wed, 10 Mar 2010 05:57:40 GMT

USDCHF USDCHF closed @ 10750 which was ABOVE the open and was within prior day's trading range. The High was 20 pips from Precise Trader's Res Tgt 2 and the Low was 20 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 10675 holds and Daily Trend is also Sideways while 10545 holds, so expect the price  to be Choppy until the breakout happens.  The

 

Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)
Wed, 10 Mar 2010 05:53:33 GMT

EURUSD EURUSD closed @ 13600 which was BELOW the open and breached the previous day's low. The High was 15 pips from Precise Trader's Res Tgt 1 and the Low was 10 pips from Precise Trader's Sup Tgt 2.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 13670 holds and Daily Trend is also Sideways while 13865 holds, so expect the price  to be Choppy until the breakout happens.  The Daily

 

The Brief Daily Forecaster
Wed, 10 Mar 2010 03:41:53 GMT

Bias:        Mixed - tend to look for the correction above 133.93 to extend… Please read the attached PDF file which provides more detailed analysis

 

EUR/USD Daily Outlook
Wed, 10 Mar 2010 03:01:52 GMT

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD EUR/USD: 1.3595 Late Update At 10 Mar 2010 02:23 GMT Euro has retreated after y'day's rebound fm 1.35 37 to 1.3617 (NY), suggesting consolidation is like ly to continue with near term downside bias but rec;kon kon 1.3555/60 wud contain pullback n yield rebound, abv said res wud yield further gain twd 1.3642. Incline to trade on both sides of the mkt n sell recovery for 1.3570 or buy dips for 1.3610. Range Forecast 1.3580 / 1.3605

 

Forex Market Outlook on Majors
Wed, 10 Mar 2010 02:29:56 GMT

INTRA-DAY GBP/USD: 1.4966 Last Update At 10 Mar 2010 01:56 GMT Cable's intra-day retreat fm 1.5017 (AUS) sug- gests y'day's rebound fm 1.4936 low has possibly ended there n consolidation with downside bias is seen for weakness to 1.4950/55, below wud extend this week's decline fm 1.5197 to 1.4936, 1.4900/05. In view of this, exit previous long n turn 'cau- tious' seller on recovery. Abv 1.5017, 1.5031. Range Forecast 1.4955 / 1.4985 Resistance/Support R: 1.5017/1.5031/1.5087 S:

 

USD/JPY Daily Outlook
Wed, 10 Mar 2010 01:44:01 GMT

INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY USD/JPY : 89.93 Last Updat e At 09 Mar 2010 23:06 GMT Although dlr's rebound fm y'day's low at 89.63 (Europe) suggests pullback fm this week's top at 90.69 has possibly ended there, a firm rise abv 90. 15 (prev. sup) needed to add credence to this view n yield further gain to 90.30/33 later. Turn long on dips for this move n only below said sup wud risk one more fall twd 89.45/49. Range Forecast 89.75 / 90.05 Resistance/Support R:

 

EUR/USD Daily Outlook
Tue, 09 Mar 2010 10:03:01 GMT

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD EUR/USD: 1.3586 Late Update At 09 Mar 2010 09:48 GMT Despite euro's brief recovery fm 1.3595 to 1.36 28 in Euroepan morning, current selloff signals decline fm y'day's high of 1.3705 has resumed n further weakness to 1.3570/75 n then twds 1.3551 is likely but 1.3530 sup wud hold fm here. Sell on pullback for weakness to 1.3565 n if euro drops to 1.3555 1st, buy for rebound to 1.3605 Range Forecast 1.3565 / 1.3605 Resistance/Support R:

 

Forex Market Outlook on Majors
Tue, 09 Mar 2010 08:07:36 GMT

INTRA-DAY GBP/USD: 1.4997 Last Update At 09 Mar 2010 07:58 GMT Present anticipated selloff to 1.4977 suggests decline fm y'day's high of 1.5197 wud extend margi- nal weakness below there, however, o/sold condition shud limit downside to 1.4940 today n yield a much needed strg rebound later. Sell on recovery for fall to 1.4975 n if cable drops to 1.4960, buy for a rebound to 1.5010. Range Forecast 1.4965 / 1.5015 Resistance/Support R: 1.5028/1.5045/1.5087 S: 1.4977/1.4940/1.4903

 

Daily technical outlook
Tue, 09 Mar 2010 07:13:34 GMT

Quote of the day:  Good ideas are not adopted automatically. They must be driven into practice with courageous patience. — Hyman Rickover EURUSD The downward trend line coming from 1.3840, now around 1.3700 – provided an intra-day reversal point again, limiting gains on last euro’s attempt to climb higher. Support on the 1.3600 mark has held thus far but the recovery from 1.3600 is not convincing yet. Slipping below 1.3600 would bring the fib support levels of last week’s range in focus –

 

Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Tue, 09 Mar 2010 06:25:26 GMT

Spot Gold SPOT GOLD  closed @ 11255 which was BELOW the open and breached the previous day's low. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2.   The Hourly Oscillators are Bearish and the price is Below the MA, so the Bulls have to be sidelined. Hourly Trend is Sideways while 11385 holds and Daily Trend is Turning Down while 11450 holds, so expect the price  to be Choppy with a Downside bias.  

 

Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)
Tue, 09 Mar 2010 06:22:23 GMT

EURJPY EURJPY closed @ 12310 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was 10 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bearish but Weak and the price is Above the MA, so CAUTIOUS  approach is needed for the Bears. Hourly Trend is Corrective Down while 12360 holds and Daily Trend is Turning Up while 11970 holds, so expect the price to be Choppy and Downside may be

 

Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Tue, 09 Mar 2010 06:20:51 GMT

USDCHF USDCHF closed @ 10730 which was BELOW the open and breached the previous day's low. The High was 20 pips from Precise Trader's Res Zone 1 and the Low was 15 pips from Precise Trader's Sup Tgt 1.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 10675 holds and Daily Trend is also Sideways while 10545 holds, so expect the price  to be Choppy until the breakout happens.  The Daily

 

Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)
Tue, 09 Mar 2010 06:17:51 GMT

EURUSD EURUSD closed @ 13635 which was ABOVE the open and breached the previous day's high. The High was 25 pips from Precise Trader's Res Tgt 1 and the Low was 15 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Turning Bearish and the price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 13690 holds and Daily Trend is Sideways while 13930 holds, so expect the price  to be Choppy with a Downside bias.   The

 

Global Stocks Resume Uptrend
Tue, 09 Mar 2010 07:19:48 GMT

Last week’s currency trading review The Dollar remained on the back-foot as global stocks rallied and US data improved investor sentiment. The big news was the better than expected February Non Farm Payrolls at -36k vs. -56k forecast released on Friday which saw Global stocks rally to fresh 2010 highs. February Services PMI came in at 56.5 vs. 57.7 forecast whilst Manufacturing PMI was solid at 53 vs. 51 forecast. The Euro was beholden to the news flow relating to the Greece debt situation.

 

USD/JPY Daily Outlook
Tue, 09 Mar 2010 04:37:14 GMT

INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY USD/JPY : 90.01 Last Updat e At 09 Mar 2010 04:34 GMT Although dlr has edged higher after intra-day cross-inspired decline to 89.87, as the early break of 90.15 (now res) signals a retrace. of last wk's upmove fm 88.14 has occured, downside bias remains for weakness to 89.75 but 89.45/49 wud hold. For st trade, sell dlr on recovery n buy dips for day trade. Abv 90.33 signals low made, 89.50/60. Range Forecast 89.87 / 90.10 Resistance/Support R:

 

Forex Market Outlook on Majors
Tue, 09 Mar 2010 04:12:14 GMT

INTRA-DAY GBP/USD: 1.5005 Last Update At 09 Mar 2010 02:45 GMT As cable has fallen again after a brief recovery fm 1.5018 to 1.5045, suggesting as long as said ini tial res holds, y'day's decline fm 1.5197 shud pre- ssure cable, a breach of Friday's 1.4993 low wud yield weakness twd 1.4976 but 1.4940 shud hold. Trade fm short side n only abv said res signals temp. low is made, risks gain to 1.5070/80. Range Forecast 1.4980 / 1.5020 Resistance/Support R: 1.5045/1.5087/1.5112 S:

 

EUR/USD Daily Outlook
Tue, 09 Mar 2010 03:34:32 GMT

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD EUR/USD: 1.3618 Late Update At 09 Mar 2010 02:37 GMT Although intra-day weakness in cable is likely to drag euro lower after y'day's decline fm 1.3705, as daily outlook is consolidative, o/sold condition shud prevent steep fall below NY 1.3605 low n rec- kon 1.3570 wud contain weakness. Sell on recovery for 1.3590 n if price drops to 1.3585 1st, buy for 1.3620. Abv 1.3667, 1.3692. Range Forecast 1.3605 / 1.3630 Resistance/Support R:

 

The Brief Daily Forecaster
Tue, 09 Mar 2010 03:20:26 GMT

Bias:        I am bearish and look for losses with the only risk being a break above 0.9115 to reach 0.9169 before lower… Please read the attached PDF file which provides more detailed analysis

 

USD/JPY Daily Outlook
Tue, 09 Mar 2010 02:02:22 GMT

INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY USD/JPY : 90.04 Last Updat e At 09 Mar 2010 01:17 GMT As intra-day active cross-unwinding in yen has continued to pressure dlr in Asian morning trading, current price action suggests as long as 90.15/20 holds, marginal weakness is seen but below 89.95 is needed to yield strg retracement to 89.70/75. Stand aside for now n look to buy on further dec;line line or buy dlr once price rises back abv 90.20. Range Forecast 89.98 / 90.20

 

Forex Market Outlook on Majors
Tue, 09 Mar 2010 01:25:58 GMT

INTRA-DAY GBP/USD: 1.5041 Last Update At 09 Mar 2010 00:42 GMT Despite cable's brief breach of y'day's low at 1.5031 in Asian morning, present rebound fm 1.5018 suggests y'day's decline fm 1.5197 has made a temp. low n choppy sideways trading is envisaged, however , reckon 1.5087 res wud cap upside n yield retreat. Sell again on further recovery for 1.5025 or buy if price drops to 1.5005 1st for 1.5055. Range Forecast 1.5025 / 1.5065 Resistance/Support R: 1.5087/1.5112/1.5169 S:

 

USD/JPY Daily Outlook
Mon, 08 Mar 2010 09:58:06 GMT

INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY USD/JPY : 90.26 Last Updat e At 08 Mar 2010 08:55 GMT Although dlr's retreat in European morning due to cross buying in jpy suggests the upmove fm 88.14 has made a temp. top earlier at 90.69 (AUS) n side- ways trading wud be seen, outlook remains mildly bullish for marginal gain abv said lvl. Trade fm long side with stop as indicated n only below 89.99 wud abort n risk weakness to 89.49 Range Forecast 90.19 / 90.50 Resistance/Support R:

 

Forex Market Outlook on Majors
Mon, 08 Mar 2010 09:48:36 GMT

INTRA-DAY GBP/USD: 1.5180 Last Update At 08 Mar 2010 09:25 GMT Lack of follow through buying abv 1.5195 n present retreat fm 1.5197 suggest risk is seen for another pullback to 1.5150 n possibly twds 1.5135/ 36 b4 prospect of a resumption of upmove fm last week's 10-month low of 1.4781 to 1.5210/17. Wud be prudent to exit long n look to buy again on dips as 1.5121 shud hold fm here.... Range Forecast 1.5150 / 1.5197 Resistance/Support R: 1.5197/1.5204/1.5267 S: 1.5121/1.5104/1.5067

 

Forex Market Outlook on Majors
Mon, 08 Mar 2010 08:55:07 GMT

INTRA-DAY GBP/USD: 1.5187 Last Update At 08 Mar 2010 08:38 GMT Current retreat after marginal rise to 1.5195 suggests sideways trading wud be seen n pullback to 1.5155 is likely but as long as 1.5136 (prev. res, now sup) holds, bullishness remains for corrective upmove fm 1.4781 to extend to 1.5210/17 later. Buy again on dips with stop as indicated, break wud risk weakness to 1.5100 b4 up... Range Forecast 1.5165 / 1.5195 Resistance/Support R: 1.5176/1.5204/1.5267 S: 1.5121/1.5104/1.5067

 

EUR/USD Daily Outlook
Mon, 08 Mar 2010 08:06:42 GMT

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD EUR/USD: 1.3700 Late Update At 08 Mar 2010 07:47 GMT Euro's intra-day firmness suggests upmove fm Friday's low of 1.3530 wud extend gain to 1.3715/20 , however, nr term loss of upward momentum shud pre vent strg gain abv 1.3736 res n yield a much-needed minor correction later. Buy on dips with stop as indicated, break wud risk stronger pullback to 1.3631... Range Forecast 1.3675 / 1.3715 Resistance/Support R: 1.3736/1.3789/1.3840 S:

 

USD/JPY Daily Outlook
Mon, 08 Mar 2010 07:34:33 GMT

INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY USD/JPY : 90.40 Last Updat e At 08 Mar 2010 07:15 GMT Despite trading narrowly in Asia after rising marginally higher to 90.69, outlook remains mildly bullish for last week's rise fm 88.14 to extend to 90.70/80, however, nr term loss of momentum shud cap dlr below 90.96/00 n yield retreat later. Buy on dips for 90.70 n if dlr climbs to 90.80 1st, sell for retrace. to 90.40 but 90.00 wud hold. Range Forecast 90.30 / 90.60 Resistance/Support R:

 

Daily technical outlook
Mon, 08 Mar 2010 07:21:55 GMT

Quote of the day : We must believe in luck. For how else can we explain the success of those we don’t like? — Jean Cocteau EURUSD Another week passed and the euro remains into the 1.3450-1.3730 range, upside being capped around the falling trend line coming from 1.3840. However, as I wrote in  my last report , the re-test of 1.3700/30 (last week’s top) is in the cards since support formed by the 61.8% fib of last week’s range at 1.3550 has held. Therefore, upside remains favored for

 

Forex Market Outlook on Majors
Mon, 08 Mar 2010 06:24:00 GMT

INTRA-DAY GBP/USD: 1.5166 Last Update At 08 Mar 2010 05:00 GMT Cable has risen again in tandem with intra-day rally in euro after meeting renewed buying earlier at 1.5130 n although gain to 1.5195/00 is now envi- saged, nr term loss of momentum is likely to cap price at 1.5210/20 n bring retreat later. For st trade, raise long entry for 1.5195 1st n only below 1.5121 (AUS) signals top is in place. Range Forecast 1.5150 / 1.5180 Resistance/Support R: 1.5176/1.5204/1.5267 S: 1.5121/1.5104/1.5067

 

Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Mon, 08 Mar 2010 05:51:06 GMT

Spot Gold SPOT GOLD  closed @ 11350 which was ABOVE the open and was within prior day's trading range. The High was 1.5 Dollars from Precise Trader's Hrly Level and the Low was PRECISELY at Precise Trader's Sup Tgt 1.   The Hourly Oscillators are Bullish and the price is Within the MA, so the Bears have to be sidelined. Hourly Trend is Sideways while 11235 holds and Daily Trend is also Sideways while 11035 holds, so expect the price  to be Choppy with a Upside

 

Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)
Mon, 08 Mar 2010 05:49:27 GMT

EURJPY EURJPY closed @ 12290 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Tgt 3 and the Low was 20 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bullish and the price is Above the MA, so the Bears have to be sidelined. Hourly Trend is Sideways Up while 12225 holds and Daily Trend is Turning Up while 12030 holds, so expect the price  to make Higher Highs.  The Daily Trend Rallied and 

 

Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Mon, 08 Mar 2010 05:46:38 GMT

USDCHF USDCHF closed @ 10745 which was BELOW the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bearish and the price is Below the MA, so the Bulls have to be sidelined. Hourly Trend is Sideways Down while 10800 holds and Daily Trend is Sideways while 10545 holds, so expect the price  to make Lower Lows.  The Daily Trend  was

 

Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)
Mon, 08 Mar 2010 05:44:06 GMT

EURUSD EURUSD closed @ 13620 which was ABOVE the open and was within prior day's trading range. The High was 25 pips from Precise Trader's Res Tgt 1 and the Low was 10 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bullish and the price is Above the MA, so the Bears have to be sidelined. Hourly Trend is Sideways Up while 13565 holds and Daily Trend is Sideways while 13930 holds, so expect the price  to make Higher Highs.  The Daily Trend breached the

 

The Brief Daily Forecaster
Mon, 08 Mar 2010 04:12:39 GMT

Bias:        There appears to be risk of follow-through to 83.24-56 but may see a pullback to 81.05-26 first… Please read the attached PDF file which provides more detailed analysis

 

EUR/USD Daily Outlook
Mon, 08 Mar 2010 03:14:08 GMT

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD EUR/USD: 1.3683 Late Update At 08 Mar 2010 02:08 GMT As euro has maintained a firm undertone after penetrating Friday's NY high of 1.3631, suggesting nr term rise fm 1.3530 (NY) wud head to 1.3695/00, however, o/bot condition is expected to cap price below last week's high of 1.3736 in Asia. Raise long entry for st trade n only below 1.36 15 (AUS) signals intra-day top is in place. Range Forecast 1.3665 / 1.3694 Resistance/Support R:

 

USD/JPY Daily Outlook
Mon, 08 Mar 2010 02:14:43 GMT

INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY USD/JPY : 90.60 Last Updat e At 08 Mar 2010 01:21 GMT Although dlr has risen abv Friday's NY high of 90.60 ahead of Tokyo opening after meeting renewed buying at 90.30 (AUS), nr term loss of momentum is expected to prevent strg gain beyond 90.85 n yield a much-needed minor retrace. of last week's rally. For st trade, turn short on further rise n if dlr retreats to 90.30 1st, buy for 90.70. Range Forecast 90.30 / 90.60 Resistance/Support R:

 

EUR/USD breaking higher
Wed, 10 Mar 2010 15:53:25 GMT

Pair is quoting at daily highs testing 1.3640 area. With positive sentiment on markets,as gold and Wall Street are rising strongly and technically bullish in the hourly chart, pair should accelerate above 1.3650 and approach to key 1.3685/1.3700 area. Pair should lose the 1.3610 level to change bias and test 1.3580 support.

 

USDJPY testing the resistance barrier
Wed, 10 Mar 2010 14:48:36 GMT

AUDUSD - Concentration by resistance barrier is extended. Waiting action remains. EURUSD - Bears didn't slide below support barrier. At the moment bulls are testing resistance barrier. While resistance and support levels hold, further bouncing is possible. EURGBP - Bulls didn't manage to break resistance even though bulls moved above resistance. Waiting situation holds. NZDUSD - Look for buying options above resistance level at 0.7025. Bulls are confident enough to extend current positive

 

GBPUSD: Faces Immediate Downside Pressure
Wed, 10 Mar 2010 13:17:00 GMT

HIGHLIGHTS: GBPUSD: Although GBP is maintaining a valid immediate downside bias having failed at the 1.5195 level on Monday, GBPUSD: GBPUSD: Faces Immediate Downside Pressure GBPUSD - Although GBP is maintaining a valid immediate downside bias having failed at the 1.5195 level on Monday, it will have to firmly break and hold below its 2010 low at 1.4782 to convince the market that its correction activated from the 1.4782 level has ended. If that occurs, a resumption of its medium term

 

Intraday Market Outlook for Day Traders
Wed, 10 Mar 2010 11:05:35 GMT

EUR / USD The pair, after losing ground in the European morning to lows around 1.3540, is on a recovery path now, currently at 1.3580. We see the upward momentum remaining intact today, reaching levels above 1.3650. GBP / USD Consolidating its lower levels in the European morning, the pound is currently trading at 1.4882 against the dollar. Around that level, we expect bidding coming up and see higher prices near the 1.5000 mark. USD / CHF The dollar is on a down correction move against the

 

WTI Oil
Wed, 10 Mar 2010 10:12:41 GMT

WTI Oil April Contract WTI remains under pressure now with the little top formation. Also the daily charts are showing there to be quite a large top formation now...so this should come lower over the next week... 8070 to 8035 will be the short term objective. Here sellers will look to cover. They will re-instate if the market breaks 8035. Once this support has been dispatched look for 7965/60 then the short term objective. Again seller will cover. Buyers however are expected at this point and

 

USDCAD low movements continues
Wed, 10 Mar 2010 08:52:03 GMT

AUDUSD - Resistance level holds bulls movement from reaching new highs. At the moment waiting action remains. EURUSD - Look for selling opportunities below support barrier, strong bearish movement can be initiated. EURGBP - Bulls are looking forward to extend their prior movement towards new highs. In order to continue climbing, resistance level needs to be broken. NZDUSD - Despite the recent bearish fall back to resistance, bulls are controlling the situation. Look for buying options. USDCAD

 

Short Sterling and Euribor
Wed, 10 Mar 2010 08:32:33 GMT

Short Sterling June hit resistance at 99.28 which gives us an excellent selling opportunity as stops can be tight above 99.30. Only a break above here allows moves to the upside to continue. If 99.28 holds then a return to the lower end of the range at 99.24/23 and eventually 99.21/20 should follow which provides excellent risk/ reward. Sept hit 99.12 buy dipped all the way back to support at 99.08. If we hold above here look for a return to 99.12 then 99.15 for an excellent selling

 

Dax
Wed, 10 Mar 2010 08:18:56 GMT

Dax March Contract Dax bounced a few ticks above 5834 support and managed to reach 5909. The market looks a little weakened after yesterday’s action. We have failed to reach our target of 5821 and a dip towards support at 5865/62 looks likely. A break below 5860 would continue the weakness for today down to 5838/34 where buyers will try to ensure we are supported once again. A move below 5830 however keeps the pressure on for excellent support at 5820/16 where shorts need to be covered and

 

Risk still undecided....Most currencies range-bound in Asia
Wed, 10 Mar 2010 07:36:05 GMT

GBP struggles under the weight of weak data, Fitch comments MAJOR HEADLINES – PREVIOUS SESSION US Feb. NFIB Small Business Optimism out at 88.0 vs. 90.0 expected and 89.3 prior US IBD/TIPP Economic Optimism out at 45.4 vs. 47.5 expected and 46.8 prior NZ Q4 Terms of Trade out at +5.7% q/q vs. revised -1.6% prior US Weekly ABC Consumer Confidence out at -49 vs. -48 expected and -49 prior AU Mar. Westpac Consumer Confidence out at +0.2% vs. -2.6% prior JP Jan. Machine Orders out at -3.7% m/m,

 

Stalking GBP/JPY
Wed, 10 Mar 2010 01:34:50 GMT

Stalking GBP/JPY Daily and 4H: We saw the GBP/JPY end last week with a bullish attempt, within a declining channel. This is a counter-trend rally, and a trading approach is to stalk the rally until it has completed the correction. (Refer to Weekly Technical Update 3.5.2010; last pair ) The rally reversed at 137.50 area and is now testing 134.0, previous resistance now tested as support. I have a feeling there could be another rally attempt if 134.0 indeed holds. Then at the 136.13 are the

 

GBP/USD Another Bearish Swing?
Wed, 10 Mar 2010 01:33:41 GMT

GBP/USD Another Bearish Swing? Daily and 4H: The GBP/USD broke below a short-term rising channel support , which you can see in the 4H chart. A swing projection in the 4H chart matches the 200% expanded swing projection of a larger scale move. Both targeting below 1.45, near 1.44/1.4380. The stochastic failed to roll up from the oversold region in the daily, and in the 4H time-frame was very sharp in decline. However looking at the 4H time-frame, we see that the market has been quietly

 

Debt Worries Pressure European Currencies
Wed, 10 Mar 2010 01:32:13 GMT

Debt Worries Pressure European Currencies While lower against the yen and commodity currencies, the dollar was higher versus the European currencies on Tuesday. The S&P 500 rose 1.95 on the bull market’s 1-year anniversary to 1,140.45, up 69% since hitting a 12-year low of 676.53 one year ago. The euro fell on renewed credit concerns over the PIIGS countries. According to Fitch Ratings, Portugal’s rating could be downgraded if fiscal consolidation was insufficient and Spain was vulnerable

 

EUR/USD: Risk aversion back
Wed, 10 Mar 2010 01:00:20 GMT

Fundamental data from Australia showing home loans fall unexpectedly by almost 8% bring risk aversion back to the table. Euro remains the weaker currency across the board, and approaching to 1.3570/80 support zone. Again under that level, pair likely to extend the fall to the 1.3530 area ahead of 1.3485 key support. Upside should remain capped by the 1.3610/40 area and only clear acceleration above that leve, not seen at this point, could reverse pair trend.

 

GBPUSD 4X EagleEye Daily Outlook
Tue, 09 Mar 2010 22:19:31 GMT

GBPUSD is facing a selling pressure pushing it down as long as it remains below (1.5079) any four hours close below (1.4852) will open the way for the pair to test the next support level at (1.4782). Any four hours bare close above (1.5079) will change pair`s direction. Traders should consider selling each rally with a stop loss at (1.5079).

 

GBPUSD has slided below support level
Tue, 09 Mar 2010 14:45:50 GMT

AUDUSD - Concentration near support level is extended. Waiting action still remains for now. EURUSD - Despite the breakout at support barrier, neutral situation holds. Short term selling options are still possible. EURGBP - Bulls did reach successfully resistance level, but didn't break it. Possible rebound back to support barrier. NZDUSD - Resistance and support level remains valid. Despite the recent bearish movement downside, bulls are controlling the situation for now. USDCAD - Bears are

 

EURUSD: Continues To Retain Consolidation Tone
Tue, 09 Mar 2010 13:02:01 GMT

HIGHLIGHTS: EURUSD: Despite its price failure at the 1.3703 level on Monday, EUR continues to retain its consolidation to corrective tone initiated from the 1.3433 level.. EURUSD EURUSD: Continues To Retain Consolidation Tone. EURUSD - Despite its price failure at the 1.3703 level on Monday, EUR continues to retain its consolidation to corrective tone initiated from the 1.3433 level. With that said, a break and close above the 1.3735 level must occur to trigger the resumption of its recovery

 

Intraday Market Outlook for Day Traders
Tue, 09 Mar 2010 11:23:07 GMT

EUR/ USD The pair is continuing to lose ground this European morning, trading at 1.3595 right now. Around these prices, we expect some recovery, to 1.3630. Later renewed selling would bring the market down to 1.3540. GBP / USD The established downtrend brought dable to the current 1.4960, near today's lows so far in the European morning. A sideward trend is now most probable, with an upper limit near 1.5000, before we expect another bout of weakness, leading to 1.4850. USD / CHF The bidding

 

EUR/USD: Bearish chances ahead
Tue, 09 Mar 2010 10:22:47 GMT

Pair lost the 1.3600 level, reaching an intraday low around 1.3580 strong area, retreating slightly yet in general with a bearish tone coming from indicators; 20 SMA capping the upside and gaining downside slope also favors further falls for the next hours; an acceleration under previous low, from 1.3565 or so, will likely send the pair lower, to the 1.3530 area, followed by 1.3485 congestion zone. To the upside, bias may change only above 1.3640, as a strong acceleration around that area

 

EURGBP Weekly Technical Chart
Tue, 09 Mar 2010 10:41:53 GMT

EUR/GBP Weekly candlestick chart. Prices dipped towards the 10 day moving average at 0.8970 region but remained well supported. Price action now pushing towards the 0.9150 level but last weeks price action created a long shadow on the weekly candle – testing the market only to find sellers! Next potential resistance is likely to be at the top of this candlestick and the trend line just beyond (see chart). These are levels of future resistance on continued moves higher. In the shadow of

 

NZDUSD bounced by support level
Tue, 09 Mar 2010 08:53:25 GMT

AUDUSD - Bulls are struggling to break resistance level, however according to recent movement, a breakout is still expected. EURUSD - Look for selling possibilities below support level, but for now waiting action remains while breakout is not confirmed. EURGBP - Despite the boring situation and low movements, bulls are looking forward to test resistance barrier once again. NZDUSD - Above support level bulls side is safe. Even though candles remain above support barrier, in order to extend

 

German Bund & Bobl
Tue, 09 Mar 2010 08:06:22 GMT

German Bund June Contract After failing to break above 122.60 Bunds came lower to 122.26 alleviating the overbought conditions on the short term charts. They held above 122.20/13 support however and climbed back to 122.45 on the close. So once more today there is scope for 122.60. If we struggle here then take this as a sign of weakness still and sell this market looking for this to come lower. 122.30/25 to 122.20 still the targeted area. Buyers will be waiting here. If they fail to hold this

 

EUR/USD
Tue, 09 Mar 2010 07:55:55 GMT

EUR/USD 1.3580 is the support we are looking at today. If we can hold this support and there is no reason we cant really, then we should see another go at resistance located at 1.3670/95. Within this resistance band you are looking to cover all longs. Sellers may be edgy and only come in if the short term stochastics become overbought. However they may attempt to 1.3725 and it is only above here that sellers will worry. If this resistance breaks then look for buyers to take this higher for

 

Risk appetite lacks follow-through in a lackluster Asian session
Tue, 09 Mar 2010 07:17:12 GMT

UK data still on weak side; Australia data the opposite MAJOR HEADLINES – PREVIOUS SESSION CA Feb. Housing Starts out at 196.7k vs. 190.0k expected and revised 185.4k prior NZ Q2 Manpower Survey out at 17% vs. 14% prior JP Q2 Manpower Survey out at -1%, unchanged from prior NZ Feb. Credit Card Spending out at -0.4% m/m vs. revised +0.4% prior China Q2 Manpower Survey out at 17% vs. 14% prior UK Feb. BRC Retail Sales out at +2.2% y/y vs. -0.7% prior UK Feb. House Price Balance out at 17% vs.

 

Index Recommended Levels
Tue, 09 Mar 2010 03:59:48 GMT

Dow Jones : Resistance(daily close) : 9382.12, 9744.26, 10 091.30, 10 935.23 , 11 164.57, 344.92 and 11 520.30. Then 11 749.22, 11 970.00, 12 152.82, 12 600.24, 12 982.20, 13 162.50 and 13 320.00.   Break of the latter will lead to 13 567.60, 13 668.74 and 13 792.53 (published on October 21, 2008). Support (daily close):   9630.33 and  9358.35(main), 9090.00, 8912.62 (published on November 10, 2009) . Today’s support: - 10479.40 and 10429.80(main), where a delay and

 

Weekly Market Research
Tue, 09 Mar 2010 02:17:42 GMT

EURUSD - Are the Bulls Getting More Confident? After 4 weeks trying to close below the weekly Kumo and 4 attempts to close below the 1.3500 big figure, are the bulls finally getting more confident they can hold the downside here?  This is an intriguing question as the pair did make a slightly higher high than the previous week.  So far, the pair is still caught between two walls; bottom = 1.3450 / high = 1.3800.  This is the major range which has to break before new players will

 

GBP/USD Near-term Outlook Materialized
Tue, 09 Mar 2010 01:54:52 GMT

GBP/USD Near-term Outlook Materializrd 1H: The GBP/USD finished its decline to the 1.5070 area, and actually got to as low as 1.05030 to start the US session. The GBP/USD could still rally to 1.53, but the market started the week held below 1.52, so the morning near-term outlook was a decline to the 1.5070 area before a move to 1.53. (Refer to Daily Technical Update 3/8/2010 GBP/USD ). The decline took off after a shor bounce to 1.5150 before the US session began. The market is now testing

 

GBP/USD Near-term Outlook
Tue, 09 Mar 2010 01:53:21 GMT

GBP/USD Near-term Outlook 4H: Looking at the GBP/USD in the near-term, we see that the market is in a correction from the previous downswing. So far, some resistance at 50% and test of SMA 50, as well as stochastic crossover in the overbought zone. The market can still continue to rally to 61.8% reracement area, or even 153.50 to test the previous powerline. However, we can see that the market is already testing a minor powerline at 1.52. So let’s stalking this current near-term decline and

 

Dollar Likely to Test Resistance
Tue, 09 Mar 2010 01:50:25 GMT

Dollar Likely to Test Resistance The dollar traded mixed on Monday. The S&P 500 slipped just 0.20 to 1,138.50. The euro pared overnight gains after Greek Prime Minister George Papandreou said “unprincipled speculators” need to be curtailed to prevent the fiscal crisis to spread. Earlier the single currency rose following French President Nicolas Sarkozy’s comment that the EMU is ready to help Greece if necessary and reports that Germany and France were planning to launch a European

 

GBP/USD: downside exposed
Tue, 09 Mar 2010 01:09:19 GMT

Pound remains under selling pressure in this first Japan hour, approaching to 1.5000 support area; 4 hours charts show strong bearish momentum, that should extend under mentioned level to the 1.4940/50 strong area. Risk appetite swift to aversion, with stocks down and gold subdued, favoring the movement. Pair needs to recover above 1.5085 highs area, to change intraday bias and test 1.5130 zone.

 

GBP/USD bottoming at 1.5060 area
Mon, 08 Mar 2010 16:07:05 GMT

After spiking to the downside and bottoming at 1.5050/60 lows, pair seems ready for an upside corrective movement as hourly chart reached oversold area. Above 1.5080, pair likely to test back 1.5120/30 zone, ahead of 1.5170 resistance area. Lose of 1.5040 lows,  pair should accelerate downwards and test 1.5000 key psychological zone.

 

EURGBP low trading range continues
Mon, 08 Mar 2010 14:55:18 GMT

AUDUSD - Bulls have continued moving towards new highs, however resistance level holds bulls side from further climbing. EURUSD - Bulls have strong potential to breach out by resistance barrier and reach new highs. EURGBP - Waiting action remains, very boring situation... NZDUSD - Low trading range is formed between support and resistance levels. According to current trend, bulls have enough strength to break resistance barrier. Waiting action holds for now. USDCAD - Low movement is extended

 

Intraday Market Outlook for Day Traders
Mon, 08 Mar 2010 11:33:01 GMT

EUR / USD The uptrend of the pair continued in Asia's start of the week and is now establishing a consolidation in the early European market hours at the 1.3670 level. We see one more upmove in today's trading, but not significantly above 1.3730, where renewed selling would set in. Currently at 1.3653. GBP / USD Cable is still following a moderate uptrend in the European morning, currently trading at 1.5140. We expect the up momentum to fade out around 1.5240 today. Market weakness then could

 

EUR/USD: Downside limited short term
Mon, 08 Mar 2010 11:27:23 GMT

4 hours charts show downside remains limited in the pair, by 20 SMA with a slightly bullish slope still unable to gain strength. Momentum is flat under 100 line, attempting an upside cross, while RSI is above 50 level, yet with limited upside strength. Above 1.3680, pair likely test highs around 1.3705, and acceleration there should send the cross to the 1.3740 area. Clear candle opening under 20 SMA around 1.3630, will favor downside continuation to tkey 1.3580/1.3600 support zone.

 

S&P and Mini Dow Jones
Mon, 08 Mar 2010 11:28:45 GMT

S&P March Contract We have overcome many obstacle last week to get to where we are now, and this week there is one more to go before we can safely say the uptrend will continue. 1147/48 is the previous top from January and if we can break and hold above 1150 then the weakness down to 1040 was just a correction and the S&P will continue on its merry way higher, fulfilling the inverse H&S target of 1225. However short term we are overbought, so there is scope for a correction over

 

Market Outlook
Mon, 08 Mar 2010 11:37:26 GMT

Better than feared US employment data for February accompanied by new liquidity measures in Japan to combat deflationary pressures has reestablished a bid for pro-risk strategies, with a return of JPY led carry trades being touted. A bullish technical set-up for risk assets and commodities, characterized by a move through 5,600 for the FTSE100 and crude oil through $81pb, favours long AUD, CAD, SEK vs JPY strategies over the week ahead. GBP and EUR on the other hand continue to suffer from a

 

Eurostoxx
Mon, 08 Mar 2010 12:16:19 GMT

Eurostoxx March Contract You can see this week we bounced off the weekly 25% fib of 2724 reaching lows of 2736. Good bounce higher and Friday we exceeded 2870 leaving 2895/2901 targeted, with the market reaching 2896. For this coming week, you should see initially a move lower to ease the short term oversold conditions of the charts. However once retracement has taken place there is nothing really to stop this coming back higher, breaking 2901 leaving 2933 the 75% med term fib level targeted.

 

GBPUSD reached resistance barrier
Mon, 08 Mar 2010 08:53:45 GMT

AUDUSD - Bulls have extended their current positive movement, look for buying options above resistance level but it should be done with a care. EURUSD - After low trading range, bulls have initiated strong movement towards new highs. However, neutral situation still holds. Short term downswings are expected now. EURGBP - Boring movement, however below support level bears can get more confidence and stronger activity is possible. Waiting action remains for now. At the moment, bulls are safe

 

GBPUSD: Closes On A Hammer, Set To Recover Higher
Mon, 08 Mar 2010 12:06:52 GMT

In This Issue: GBPUSD: With a hammer candle starting a corrective recovery on the daily chart the past week and seeing the pair reduce its earlier losses to a marginal one on Friday,.... GBPUSD GBPUSD: Closes On A Hammer, Set To Recover Higher. GBPUSD - With a hammer candle starting a corrective recovery on the daily chart the past week and seeing the pair reduce its earlier losses to a marginal one on Friday, further confirmation of that recovery looks to be triggered as another hammer candle

 

US Non-farm payrolls seen positive; Risk makes a circumspect start to the week
Mon, 08 Mar 2010 07:44:27 GMT

Weekend press focus on CNY peg doesn’t increase appetite MAJOR HEADLINES – PREVIOUS SESSION US Feb. Change in Non-farm Payrolls out at -36k vs. -68k expected and revised -26k prior US Feb. Unemployment Rate out at 9.7% vs. 9.8% expected and unchanged from prior US Feb. Avg. Hourly Earnings out at +0.1% m/m vs. +0.2% expected and +0.2% prior US Jan. Consumer Credit out at +$5 bln vs. -$4.5 bln expected and revised -$4.6 bln prior NZ Q4 Manufacturing Activity out at +0.7% unchanged from revised

 

Index Recommended Levels
Mon, 08 Mar 2010 03:48:50 GMT

Dow Jones : Resistance(daily close) : 9382.12, 9744.26, 10 091.30, 10 935.23 , 11 164.57, 344.92 and 11 520.30. Then 11 749.22, 11 970.00, 12 152.82, 12 600.24, 12 982.20, 13 162.50 and 13 320.00.   Break of the latter will lead to 13 567.60, 13 668.74 and 13 792.53 (published on October 21, 2008). Support (daily close):   9630.33 and  9358.35(main), 9090.00, 8912.62 (published on November 10, 2009) . Today’s support: - 10479.40 and 10429.80(main), where a delay and

 

Comprehensive FX and Futures Daily Commentary
Wed, 10 Mar 2010 17:09:18 GMT

Daily Market Commentary EUR/USD Edges Higher as EU Contemplates EMF The EUR/USD is edging higher and continues to hold strong above its psychological 1.35 level and previous March lows as EU members contemplate the creation of a European Monetary Fund to forge economic cohesion and stability in the union. Hence, it seems the EU is beginning to show more leadership and is taking a unified stance to battle fiscal imbalances with Sarkozy adamantly defending Greece the other day. The data wire was

 

Currency Majors Technical Perspective
Wed, 10 Mar 2010 14:38:54 GMT

EUR/USD Current price: 1.3607 Pair remains steady in past days range, having yet no defined any midterm possible trend. Capped by the 1.3640 resistance area at the top, hourly indicators flat as well as 20 SMA yet under current price, show we need some acceleration either above 1.3640 or under 1.3580 support area, to define intraday trend. Support levels: 1.3580 1.3530 1.3485 Resistance levels: 1.3610 1.3640 1.3685 GBP/USD Current price: 1.4950 Pound slump after early data, bottomed at the

 

Currency Majors Technical Analysis
Wed, 10 Mar 2010 13:54:04 GMT

GBP/USD - British Pound / US Dollar Entry : 1.4935 Stop : 1.498 Resistances : 1.5205 - 1.502 - 1.495 Supports : 1.478 - 1.485 - 1.488 EUR/GBP - Euro / British Pound Entry : 0.9115 Stop : 0.9095 Resistances : 0.925 - 0.915 - 0.913 Supports : 0.904 - 0.908 - 0.9105 EUR/CHF - Euro / Swiss Franc Entry : 1.462 Stop : 1.4635 Resistances : 1.466 - 1.465 - 1.463 Supports : 1.456 - 1.46 - 1.461 EUR/AUD - Euro / Australian dollar Entry : 1.485 Stop : 1.4875 Resistances : 1.4935 - 1.4905 - 1.487 Supports

 

FX Thoughts for the Day
Wed, 10 Mar 2010 12:41:12 GMT

FX Thoughts for the day : 10-Mar-2010 - 1219 GMT EURO, JAP YEN and EURO-YEN --------------------------- Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at http://www.kshitij.com/fxthoughts/fxthoughts.shtml#register Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below ------------------------------------------------------------- USD-CHF @ 1.0741/44...Holding long R: 1.0802 / 1.0830-51 / 1.0886 S: 1.0722 / 1.0684 /

 

Forex Technical Analysis on Majors
Wed, 10 Mar 2010 11:48:48 GMT

EUR/USD Current level-1.3585 EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169.    A break above 1.3620 will signal, that the expected rise is underway, towards 1.3736, en route to 1.3850 main target.

 

Last Day Selling.....
Wed, 10 Mar 2010 10:48:13 GMT

We finally saw the market pull back some late today as those high RSI readings kicked in. It wasn't the type of selling that says the market is doomed from here because that's not likely the case at all. When markets get overbought they need to unwind so you have to look at the selling that takes place more as an opportunity rather than a it's all over for the market type of situation. Selling is never fun if you have a long bias and it doesn't take very much selling to kick fear in pretty

 

Short Sterling – December 2010
Wed, 10 Mar 2010 10:24:24 GMT

Comment: Solid volume and soaring open interest in this contract last week suggest many are acutely aware of the availability (or not) and cost of capital. The UK Treasury yield curve is still extremely steep, two’s/tens a whopping 300 basis points and really ought to flatten a bit soon. ‘Channel’ support gave way, as we warned last week, and the 26-day moving average limited the latest pull-back. Expect a little more sideways work for another week or two prior to a push up to new highs later

 

Crude is trying to get towards the 84.37 key resistance level
Wed, 10 Mar 2010 10:20:16 GMT

Market Comment S&P futures looking like it will potentially to test the 1148 (2010 high) near term, but don’t expect any major rally above the 1160 level or so near term. We note that German Dax index upside contained by Sigma +2 band so far (2 standard deviation line). See the daily futures technical report for more info. We have now come to the time of the year when it is time for the Japanese companies to prepare for the end their fiscal year (end of March) and Yen to be repatriated

 

EUR/GBP, USD/CAD, GBP/JPY Technicals
Wed, 10 Mar 2010 09:49:17 GMT

EUR/GBP March 10, 2010 Current level-0.9090 4 hour chart Longer term bias remains neutral to bullish for the pair, closing above both bearish trendlines confirms some upside for the week ahead. Intraday: tested 0,9100 the euro bulls need to drill through this tough resistance to push up to 0,9150. The reference to keep an eye on is the 4 hour 50MA thats keeps supporting the pair.

 

The GBP fell for a third day against the USD after it reached a low at 1.4957
Wed, 10 Mar 2010 09:29:50 GMT

Good morning from wonderful Hamburg and welcome to Varengold Bank’s Daily FX Comment. The Chinese economic data seems to have an influence on the Japanese currency after the JPY fell against other currencies inside the Pacific region. Anyways, we wish you a nice trading day! Market review The JPY fell to a two-week low versus the NZD on speculation that the Japanese economic rebound will lag behind the rest of the Asia-Pacific region. The Japanese currency fell close to its deepest level in

 

Technical Summary for Majors
Wed, 10 Mar 2010 09:16:37 GMT

EUR/USD Maintains negative near-term tone. Yesterday’s attempt at 1.3529, 05 Mar pivot, reached 1.3536, before bouncing to mark a possible lower top at 1.3615. Break below 1.3536/22 support zone would direct the market towards lower levels of 1.3433/1.3789 band. Res: 1.3615, 1.3640, 1.3690, 1.3703 Sup: 1.3529, 1.3513, 1.3485, 1.3443 GBP/USD Continues to trend lower, focusing 1.4853/1.4780 lows. However, as long as the latter holds, possibility for attempt higher towards 1.5345 zone is not

 

Today's Trading Signals
Wed, 10 Mar 2010 08:54:21 GMT

The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops. Every morning FTA reviews the market and the specific strategy, recalculates the risk/reward and then determines the strategy regardless of previous strategy in the

 

USD Makes Gains Against the GBP and the EUR
Wed, 10 Mar 2010 08:09:08 GMT

Daily Review 10/3/2010 USD Dollar (USD) – The Dollar gained versus the Euro and the Pound and weakened versus the high yielding commodity linked currencies. Stock markets finished higher but weak fundamentals and fears across Europe helped the Dollar to gain. NASDAQ and Dow Jones gained by 0.36% and 0.11% respectively. Crude Oil weakened by -0.46% closing at 81.49$ a barrel. Gold (XAU) weakened by -0.14% closing at 1,122$ an ounce. Today, Federal Budget Balance is expected with -199.5B versus

 

EURO in Sideway Range
Wed, 10 Mar 2010 07:31:53 GMT

EUR The pre-planned break-out variant for sales has been implemented, but with loss in attainment of the anticipated targets. OsMA trend indicator, having marked close parity of both party activity, does not clarify the choice of planning priorities for today. Therefore, considering suppositions of rate range movement and taking into account descending direction of indicator chart, we can assume probability of rate return to 1,3540/60 supports, where it is recommended to evaluate the

 

EUR: Attempt small longs at 1.3575
Wed, 10 Mar 2010 07:40:35 GMT

EUR Comment: Going nowhere, no doubt leaving the very many Euro-sellers frustrated. This chart has a potential ‘rounded bottom’ forming, and needs a close above the 26-day moving average at the very least to turn momentum bullish. We continue to watch for signs of forming an important long term interim low. Strategy: Attempt small longs at 1.3575; stop below 1.3400. Add to longs on a sustained break above 1.3750 for 1.3800/1.3840. EUR/JPY Comment: Slow and uninspiring as we consolidate above

 

EURUSD has extended bearish movement
Wed, 10 Mar 2010 07:26:04 GMT

Bears are trying to gain their lost strength. While support level at 1.3573 holds, bears movement is limited. “M” shape is formed and short term downside movement is possible. Look for selling options below support barrier at 1.3573, but a breakout should be confirmed first.

 

Currency Majors Technical Perspective
Wed, 10 Mar 2010 06:59:54 GMT

EURUSD Current price: 1.3599

 

Currency Majors Technical Analysis
Wed, 10 Mar 2010 06:55:42 GMT

EUR/USD - Euro / US Dollar Entry : 1.359 Stop : 1.362 Resistances : 1.374 - 1.3705 - 1.3615 Supports : 1.344 - 1.354 - 1.3585 GBP/USD - British Pound / US Dollar Entry : 1.497 Stop : 1.5025 Resistances : 1.52 - 1.502 - 1.498 Supports : 1.4785 - 1.485 - 1.494 USD/CHF - US Dollar / Swiss Franc Entry : 1.0755 Stop : 1.0725 Resistances : 1.088 - 1.0805 - 1.0765 Supports : 1.065 - 1.0675 - 1.074 EUR/CHF - Euro / Swiss Franc Entry : 1.4625 Stop : 1.464 Resistances : 1.465 - 1.4635 - 1.4625 Supports

 

EUR/USD: (1.3604) Rebound retested 1.3693
Wed, 10 Mar 2010 06:31:30 GMT

Retested 1.3443 and scored a minor new year low, with pair currently back in the daily channel off Dec high, with 1.3693 having been retested: Support area at 1.3593/ .3588 (daily Medium Term Moving Average↑/ today’s low?), with next levels at 1.3542/ .3537 (daily envelope bottom/ current week low), where pause favored. If wrong, next levels at 1.3510 (break-up hourly), ahead of 1.3489 (daily Bollinger bottom) and 1.3441/ .3433 (weekly envelope bottom/ current new year low). 1.3405 = 61.8%

 

EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
Wed, 10 Mar 2010 06:23:24 GMT

Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants

 

U.S. Dollar Holds Ground; Trading Remains Light
Wed, 10 Mar 2010 00:25:44 GMT

The U.S. Dollar finished higher on Tuesday against most major currencies in another round of light trading. Traders opened the New York session averse to risk, but shifted this sentiment a few times during the day session. The Dollar bent at times, but never broke.   Firmer U.S. equity markets triggered renewed demand for risk at the mid-session. This helped to weaken the Dollar while fueling a rally in the higher yielding Australian Dollar and New Zealand Dollar.   The Euro was down

 

Currency Majors Technical Perspective
Tue, 09 Mar 2010 23:58:50 GMT

EUR/USD Current price: 1.3604 Euro managed to recover part of the lost ground late America, after testing key 1.3530 support area. The lack of fundamental data in major economies, favored slightly risk appetite, also supported by Wall Street and oil futures raise. Local share markets has a positive cue, thus euro rises likely to remain limited due to deteriorating credit quality in Europe. Hourly charts show some upside momentum developing with first resistance area around very close 1.3610

 

AUDUSD: Maintains Nearer Term Bullish Structure
Tue, 09 Mar 2010 18:00:19 GMT

AUDUSD : The pair continues to hold on to most its nearer term gains though seen backing off its intra day high at 0.9131 on Monday. We believe that while it trades above its Feb 23’10 high at 0.9070 and the 0.8932 level, its Feb 02’10 high, a retarget of the 0.9131 level is likely with a hold above there accelerating further upside towards the 0.9145 level, its Jan 21’10 high or even higher towards the 0.9277 level, its Jan 18’10 high and ultimately, its 2009 high located at 0.9410. Its daily

 

Chart of the Day – USD/CHF
Tue, 09 Mar 2010 16:07:35 GMT

(Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.) 3/09/2010 – USD/CHF – Price action on USD/CHF, a daily chart of which is shown, has consolidated in a tight, slightly bearish consolidation right underneath a key long-term downtrend resistance line extending from the 2008/09/10

 

Comprehensive FX and Futures Daily Commentary
Tue, 09 Mar 2010 16:09:42 GMT

Daily Market Commentary EUR/USD Drifts Lower with Light News The EUR/USD is drifting lower today after the currency pair was unable to break through previous March highs during yesterday’s run higher. The data wire has been relatively quiet the last couple trading sessions, yet investors are opting to retreat from the risk trade regardless. Both Moody’s and Fitch cautioned that the UK’s financials are still not in a healthy position, likely yielding today’s downturn in the risk trade. German

 

Stocks under Pressure as Investors Shed Risky Assets
Tue, 09 Mar 2010 14:46:11 GMT

The lack of major economic reports today means the direction of the Dollar is likely to exert more influence on the U.S. equity markets. With the Dollar up overnight because of risk aversion, traders are selling equities. Yesterday’s tight trading range and lack of follow-through during the New York session may have been indications that the stock markets are overbought. The daily March E-mini S&P chart suggests that a break through 1128.75 may accelerate the move to the downside.  

 

FX Thoughts for the Day
Tue, 09 Mar 2010 14:33:53 GMT

FX Thoughts for the day : 09-Mar-2010 - 1430 GMT EURO, JAP YEN and EURO-YEN --------------------------- Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at http://www.kshitij.com/fxthoughts/fxthoughts.shtml#register Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below ------------------------------------------------------------- USD-CHF @ 1.0783/86...100 Week MA Resistance at 1.0851 R: 1.0802 / 1.0830-51 / 1.0886

 

Technical Summary for Majors
Tue, 09 Mar 2010 14:43:37 GMT

EUR/USD Extends decline, after an upside attempt stalled at 1.3703 yesterday, to reach 1.3536 low thus far, just ahead of 1.3529, last Friday’s low, break of which will re-focus 1.3433 key support. However, the pair remains in a 1.3433/1.3735 range, with break of either side to establish the direction. Res: 1.3605, 1.3640, 1.3690, 1.3703 Sup: 1.3529, 1.3485, 1.3443, 1.3433 GBP/USD Yesterday’s rejection at 1.5194 has signaled the completion of the first corrective leg off 1.4780 low, with

 

Currency Majors Technical Perspective
Tue, 09 Mar 2010 14:23:53 GMT

EUR/USD Current price: 1.3551 Bearish momentum persist in the pair, despite hourly indicators are showing some oversold conditions. With 20 SMA crossing 200 EMA well above current price, and general pessimism about euro recovery, upside should remain quite limited today, despite a corrective movement should not be discarded. 1.3680 area has turn into our first strong resistance level to watch, while a break under today’s low, around 1.3530, should signal further downside pressure to come and

 

Forex Traders Turn against Risk; U.S. Dollar Up versus Most Majors
Tue, 09 Mar 2010 14:40:31 GMT

The U.S. Dollar is trading higher this morning against most major currencies except the Japanese Yen as traders have turned against risk and are seeking shelter in lower yielding assets. The overnight strength in the Dollar is being attributed to heavy selling pressure on the Euro and British Pound.   The Euro is down as traders are taking a more cautious view of the Euro Region economy now that the fiscal problems in Greece have subsided. Traders are citing the possibility of an uneven

 

Currency Majors Technical Analysis
Tue, 09 Mar 2010 13:27:46 GMT

EUR/USD - Euro / US Dollar Entry : 1.356 Stop : 1.36 Resistances : 1.371 - 1.365 - 1.3575 Supports : 1.34 - 1.345 - 1.354 GBP/JPY - British Pound / Yen Entry : 134.25 Stop : 135 Resistances : 137.45 - 136.3 - 134.6 Supports : 132 - 132.5 - 133.85 GBP/USD - British Pound / US Dollar Entry : 1.4955 Stop : 1.5005 Resistances : 1.52 - 1.509 - 1.4985 Supports : 1.478 - 1.4855 - 1.4925 EUR/JPY - Euro / Yen Entry : 121.8 Stop : 122.15 Resistances : 124 - 123.25 - 122.25 Supports : 119.8 - 121.2 -

 

Crude Oil Daily Technical Outlook
Tue, 09 Mar 2010 11:35:03 GMT

Nymex Crude Oil (CL) Crude oil's retreat from 82.41 extends further today. considering bearish divergence condition in 4 hours MACD, break of 79.75 support will indicate that a short term top is formed and will bring deeper fall to 38.2% retracement of 69.50 to 82.41 at 77.48 next. Nevertheless, before that, another rise could still be seen and above 82.41 will target a retest on 83.95 high. In the bigger picture, crude oil was supported above mentioned 68.59 key support and thus, there was no

 

Sterling remains out of favour
Tue, 09 Mar 2010 11:13:51 GMT

The latest IMM data covers the week from 23 February to 2 March. Following recent stabilisation in EUR/USD, speculative investors have trimmed short EUR positions marginally. However, at above 30% of open interest, EUR shorts remain an upside risk on EUR/USD. Also in effective terms the dollar has lost momentum, as witnessed by the correction lower in the DXY index from its mid-February 81.342 high. As a result, speculative long USD positions have been trimmed to USD5.4bn. The IMM report also

 

The AUD/NZD gained to 1.3018 after it reached a high at 1.3027
Tue, 09 Mar 2010 10:48:55 GMT

Good morning from Hamburg and welcome to our Daily FX Report. Today, we are going to report about the Pacific currencies and the Asian economic. We wish you a nice and successful trading day. Market review The JPY gained the most in more than a week versus the EUR on expectation that Japanese companies are bringing back earnings back home before the nation’s fiscal year ends this month. The Japanese currency climbed versus all the 16 major counterparts after Yi Gang, head of China’s

 

Technical Summary for Majors
Tue, 09 Mar 2010 09:56:39 GMT

EUR/USD Extends decline, after an upside attempt stalled at 1.3703 yesterday, with 1.3578 being reached thus far. Risk is seen for further pullback, targeting 1.3529, last Friday’s low, break of which will re-focus 1.3433 key support. However, the pair remains in a 1.3433/1.3735 range, with break of either side to establish the direction. Res: 1.3640, 1.3690, 1.3703, 1.3735 Sup: 1.3550, 1.3529, 1.3485, 1.3433 GBP/USD Yesterday’s rejection at 1.5194 has signaled the completion of the first

 

Grinding Action at Overbought.....
Tue, 09 Mar 2010 09:45:48 GMT

Which is exactly what we're doing right here. With S&P 500 resistance at 1151 and with many index charts at 70 RSI's, it's not easy here for major upside until we get some unwinding of those daily charts to where the RSI's are at least in the lower 60's, if not somewhere in the 50's. It's not just that we're overbought, but again, when you add in major resistance 1% away, it makes the journey that much more difficult for sustained upside in the short-term. This doesn't mean we won't stay

 

Forex Technical Analysis on Majors
Tue, 09 Mar 2010 09:43:42 GMT

EUR/USD  Current level-1.3619 EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169.    We think, that the slide from 1.3704 is the final leg of the consolidation below 1.3736 and a break above 1.3636 will renew the uptrend towards 1.3850. The intraday bias is still negative for 1.3562 with a crucial level at 1.3636.

 

EUR/GBP, USD/CAD, GBP/JPY Technicals
Tue, 09 Mar 2010 09:17:03 GMT

EUR/GBP March 9, 2010 Current level-0.9076 4 hour chart Longer term bias remains neutral to bullish for the pair, closing above both bearish trendlines confirms some upside for the week ahead. Intraday: the pair gave a buy signal breaking through the minor bearish trendline drawn. Keeps our bullish bias intact and the odds favor a test of 0,9100 resistance today.

 

Financial Trend Analysis Strategy: Short GBPUSD
Tue, 09 Mar 2010 08:40:18 GMT

The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops. Every morning FTA reviews the market and the specific strategy, recalculates the risk/reward and then determines the strategy regardless of previous strategy in the

 

EURUSD narrow trading range is formed
Tue, 09 Mar 2010 07:34:34 GMT

Trading range got more narrow between support and resistance levels. It looks like bulls have issues to climb above resistance level and show their strength. According to previous negative trend, bears are still in better shape. However, neutral situation remains for now. Look for short term downswings below support barrier. Waiting action holds to confirm a possible breakout.