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alayoua · (#131)

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.
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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

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.

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GBPUSD : 1.55558 / 1.55567
DAILY WEEKLY MONTHLY

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.

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USDJPY : 78.466 / 78.471
DAILY WEEKLY MONTHLY

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 · (#132)

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.
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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

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EURUSD 1.21809 / 1.21814
DAILY WEEKLY MONTHLY

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.

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GBPUSD 1.55146 / 1.55155
DAILY WEEKLY MONTHLY

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

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 )

alayoua · (#133)

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)
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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

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

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).

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USDJPY : 78.422 / 78.427
DAILY WEEKLY MONTHLY

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 )

alayoua · (#134)

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)
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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

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

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).

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USDJPY : 78.274 / 78.278
DAILY WEEKLY MONTHLY

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 )

alayoua · (#135)

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)
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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

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

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

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

alayoua · (#136)

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)
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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

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).

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GBPUSD : 1.56649 / 1.56658
DAILY WEEKLY MONTHLY

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

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 · (#137)

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

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.

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GBPUSD : 1.56203 / 1.56212
DAILY WEEKLY MONTHLY

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.

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USDJPY : 78.544 / 78.549
DAILY WEEKLY MONTHLY

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 )

alayoua · (#138)

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

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).

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GBPUSD : 1.56679 / 1.56690
DAILY WEEKLY MONTHLY

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).

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USDJPY : 78.305 / 78.310
DAILY WEEKLY MONTHLY

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 )

alayoua · (#139)

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

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.

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GBPUSD : 1.56905 / 1.56912
DAILY WEEKLY MONTHLY

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).

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USDJPY : 78.450 / 78.455
DAILY WEEKLY MONTHLY

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 )

alayoua · (#140)

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

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).

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GBPUSD : 1.56746 / 1.56752
DAILY WEEKLY MONTHLY

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.

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USDJPY : 78.793 / 78.798
DAILY WEEKLY MONTHLY

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 )

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