 |
|
Welcome to the HYIPSurfTalk - HYIP, Forex & Investment Forum forums.
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free investment community you will have access to post topics, discuss your favorite HYIP, Autosurf, MLM and other programs, communicate privately with other members (PM), respond to polls, upload content and access many other special features.
Here are some of the perks you get when you register:
- Discuss the programs before you invest in HYIP or Autosurf programs.
- Rate your favorite HYIP and Autosurf programs.
- If you are owner of HYIP or Autosurf, use our rating tool to gain more exposure for your business
- Advertise your own programs or special opportunities.
- Communicate with thousands of members online.
- Use our image hosting tool for uploading payment proof images.
Registration is fast, simple and absolutely free so please, join our community today!
If you have any problems with the registration process or your account login, please contact contact us.
|
Forex Trading Discuss Forex trading, forex market, forex tutorials, forex basics, online forex trading, best forex programs , forex resources etc |
 |
|
|
|
|
|
Market Overview by FXCC Oct 01 2012 -
10-01-2012, 02:36 AM
Market Overview by FXCC Oct 01 2012
ECB on wait-and-see mode this week - Nomura
No major policy announcements is expected from the ECB in October, says Nomura Senior European Economist Nick Matthews; "we do not expect any movement on rates as the Governing Council continues to see no urgency to cut rates again" the Economist notes. Furthermore, "while the ECB is likely to continue to expect inflation to remain in line with price stability over the policy-relevant horizon, we expect the Council to continue to stress that renewed intensification of financial market tensions could affect the balance of risks for both growth and inflation." Nick notes that "recent Governing Council comments, including from within the Executive Board, have reinforced this sense of wait-and-see on interest rates."
London session ahead will mostly bring manufacturing PMIs from several EZ countries starting with Spain at 07:13 GMT, followed 30 minutes later by Italy, France 5 minutes after, Germany another 5 minutes, and finally the EU's and Greece at 07:58 GMT. Then will come Italy unemployment at 08:00 GMT, and EU's unemployment 1 hour later.
Read More
https://support.fxcc.com/email/technical/01102012/
UPCOMING EVENTS :
2012-10-01 08:28 GMT | United Kingdom. Markit Manufacturing PMI
2012-10-01 09:00 GMT | European Monetary Union. Unemployment Rate
2012-10-01 14:00 GMT | United States. ISM Manufacturing PMI
2012-10-01 16:30 GMT | United States. Fed Chairman Bernanke Speaks
FOREX NEWS :
2012-10-01 04:36 GMT | USD/JPY can rise farther
2012-10-01 04:25 GMT | EUR/USD hardly above 1.28 round
2012-10-01 02:57 GMT | AUD/JPY slips below 80.50
2012-10-01 00:10 GMT | EUR/JPY returns below 100.00
-------------
EURUSD : 1.28212 / 1.28216
DAILY WEEKLY MONTHLY
1.2906 | 1.2879 | 1.2853
1.2800 | 1.2773 | 1.2745
SUMMARY : Down
TREND : Downward penetration
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
Technical Summary: Friday’s volatility increase might be a signal of downtrend development however Stochastic Oscillator is pointing up on the hourly chart and we expect to see some deviation ahead. Main scenario: Intraday term bias remains negative below the next support at 1.2800 (S1). Break here would suggest next targets at 1.2773 (S2) and 1.2745 (S3). Alternative scenario: Risk of further appreciation is seen above the resistance at 1.2853 (R1), penetration above it might expose resistances at 1.2879 (R2) and 1.2906 (R3) as next targets for correction.
--------------
GBPUSD : 1.61268 / 1.61271
DAILY WEEKLY MONTHLY
1.6210 | 1.6182 | 1.6156
1.6108 | 1.6079 | 1.6049
SUMMARY : Down
TREND : Downward penetration
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
Technical Summary: GBPUSD failed to stabilize below the Friday’s low and we expect to see new attack to the fresh low, formed today. The medium term tendency is Bearish as both moving averages are pointing down. Main scenario: If GBPUSD manage to break through support level at 1.6108 (S1) we expect next targets at 1.6079 (S2) and 1.6049 (S3) to be exposed today. Alternative scenario: Next resistance level at 1.6156 (R1) in focus for the retracement formation. Progress above it would enable next target for today at 1.6182 (R2) and 1.6210 (R3).
-----------------
USDJPY : 77.875 / 77.878
DAILY WEEKLY MONTHLY
78.28 | 78.19 | 78.10
77.83 | 77.75 | 77.67
SUMMARY : Up
TREND : Sideway
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Oversold
MARKET ANALYSIS - Intraday Analysis
Technical Summary: Instrument trades in positive tone after the Friday’ gains. On the hourly chart Stochastic Oscillator reached oversold zone and further increase is possible from current levels however we recommend to wait clear break out of Friday’s high for confirmation of the uptrend formation. Further decline below our support level might change overall technical picture and shift market sentiment to the bearish side. Main scenario: Next resistance is seen at 78.10 (R1). If the pair manages to successfully climb above it, we expect next targets at 78.19 (R2) and 78.28 (R3). Alternative scenario: While next support is placed at 77.83 (S1), decline below it would put in focus next target at 77.75 (S2) and any further depreciation would then be limited to 77.67 (S3) intraday.
Source: FX Central Clearing Ltd,( ECN Forex Trader | Forex Strategies | Forex Trading Software | FXCC )
|
|
|
|
|
Market Overview by FXCC Oct 02 2012 -
10-02-2012, 12:56 AM
Market Overview by FXCC Oct 02 2012
RBA cuts rate by 25bp; More may come in Nov
In today's RBA decision, the central bank has decided to cut rates by 25bp from 3.5% to 3.25%. The initial market reaction was to aggressively sell the domestic currency, as market participants pricing for -25bp to about 65% being proven right. Only 9 out of 28 replying to a Bloomberg survey agreed to such outcome, so it has been certainly a close call among the investment community.
All rates are expected to remain on hold at this Thursday’s ECB meeting, according to Standard Chartered Economists. With regards to OMT bond-buying, the bank sees Spain making a request relatively soon. Looking at the EUR/USD, "We expect the pair to grind lower as a Q4-2012 rate cut will add to pressure" Analysts at the bank say.
Read More
https://support.fxcc.com/email/technical/02102012/
UPCOMING EVENTS :
2012-10-02 07:00 GMT | United Kingdom. Halifax House Prices
2012-10-02 08:30 GMT | United Kingdom. PMI Construction
2012-10-02 09:00 GMT | European Monetary Union. Producer Price Index
2012-10-02 Tentative | United Kingdom. 10-y Bond Auction
FOREX NEWS :
2012-10-02 05:04 GMT | AUD/NZD drops to new 2012 low after RBA
2012-10-02 05:01 GMT | EUR/AUD breaks above 2-week highs 1.25 post-RBA
2012-10-02 04:20 GMT | GBP/USD at risk for deeper correction?
2012-10-02 03:14 GMT | Buoyant AUD/JPY creeps above 81.00
-------------
EURUSD : 1.29123 / 1.29126
DAILY WEEKLY MONTHLY
1.3010 | 1.2974 | 1.2938
1.2875 | 1.2841 | 1.2806
SUMMARY : Down
TREND : Downward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
Technical Summary: EURUSD closed at the positive territory yesterday and further strengthening is possible today. Yesterday high is the reference point for the upside penetration, though decrease below the suggested support level would enable bearish forces. Main scenario: Clearance of next resistance level at 1.2938 (R1) would suggest next targets at 1.2974 (R2) and 1.3010 (R3). Alternative scenario: Loss of next support at 1.2875 (S1) might take the pair towards to eventual targets, located at 1.2841 (S2) and 1.2806 (S3) in potential.
------------------
GBPUSD : 1.61536 / 1.61541
DAILY WEEKLY MONTHLY
1.6227 | 1.6201 | 1.6176
1.6123 | 1.6098 | 1.6070
SUMMARY : Down
TREND : Downward penetration
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
Technical Summary: Consolidation, provided yesterday might extends its power however currently GBPUSD is gaining momentum on the upside and we expect to see retest of yesterday high. Main scenario: Next resistance level ahead locates at 1.6176 (R1), brake here is required to enable next target at 1.6201 (R2) and any further rise would then be limited to 1.6227 (R3). Alternative scenario: Instrument depreciation below the next support level at 1.6123 (S1) might expose next targets at 1.6098 (S2) and 1.6070 (S3) in potential.
----------------
USDJPY : 78.083 / 78.086
DAILY WEEKLY MONTHLY
78.40 | 78.29 | 78.19
77.97 | 77.89 | 77.79
SUMMARY : Up
TREND : Sideway
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
Technical Summary: Stochastic Oscillator is recently visit overbought territory and now is pointing down. We expect to see consolidation formation ahead prior further market strengthening. However, easing below the expected support level would suggest retracement development. Main scenario: Currently our next resistance level lie at 78.19 (R1). Rise above it might provide sufficient space for the appreciation towards to next target at 78.29 (R2). Break here is required to enable last target for today at 78.40 (R3). Alternative scenario: Market decrease below the next support level at 77.97 (S1) would suggest about the retracement formation with next target at 77.89 (S2). Further instrument easing might face final support at 77.79 (S3).
Source: FX Central Clearing Ltd,( Best Forex Broker | ECN Online Forex Trading | Forex Signal | FXCC )
|
|
|
|
|
Market Overview by FXCC Oct 03 2012 -
10-03-2012, 12:28 AM
Market Overview by FXCC Oct 03 2012
RBA cuts rate by 25bp; More may come in Nov
In today's RBA decision, the central bank has decided to cut rates by 25bp from 3.5% to 3.25%. The initial market reaction was to aggressively sell the domestic currency, as market participants pricing for -25bp to about 65% being proven right. Only 9 out of 28 replying to a Bloomberg survey agreed to such outcome, so it has been certainly a close call among the investment community.
All rates are expected to remain on hold at this Thursday’s ECB meeting, according to Standard Chartered Economists. With regards to OMT bond-buying, the bank sees Spain making a request relatively soon. Looking at the EUR/USD, "We expect the pair to grind lower as a Q4-2012 rate cut will add to pressure" Analysts at the bank say.
Read More
https://support.fxcc.com/email/technical/02102012/
UPCOMING EVENTS :
2012-10-02 07:00 GMT | United Kingdom. Halifax House Prices
2012-10-02 08:30 GMT | United Kingdom. PMI Construction
2012-10-02 09:00 GMT | European Monetary Union. Producer Price Index
2012-10-02 Tentative | United Kingdom. 10-y Bond Auction
FOREX NEWS :
2012-10-02 05:04 GMT | AUD/NZD drops to new 2012 low after RBA
2012-10-02 05:01 GMT | EUR/AUD breaks above 2-week highs 1.25 post-RBA
2012-10-02 04:20 GMT | GBP/USD at risk for deeper correction?
2012-10-02 03:14 GMT | Buoyant AUD/JPY creeps above 81.00
-----------------
EURUSD 1.29123 / 1.29126
DAILY WEEKLY MONTHLY
1.3010 | 1.2974 | 1.2938
1.2875 | 1.2841 | 1.2806
SUMMARY : Down
TREND : Downward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
Technical Summary: EURUSD closed at the positive territory yesterday and further strengthening is possible today. Yesterday high is the reference point for the upside penetration, though decrease below the suggested support level would enable bearish forces. Main scenario: Clearance of next resistance level at 1.2938 (R1) would suggest next targets at 1.2974 (R2) and 1.3010 (R3). Alternative scenario: Loss of next support at 1.2875 (S1) might take the pair towards to eventual targets, located at 1.2841 (S2) and 1.2806 (S3) in potential.
-------------
GBPUSD : 1.61536 / 1.61541
DAILY WEEKLY MONTHLY
1.6227 | 1.6201 | 1.6176
1.6123 | 1.6098 | 1.6070
SUMMARY : Down
TREND : Downward penetration
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
Technical Summary: Consolidation, provided yesterday might extends its power however currently GBPUSD is gaining momentum on the upside and we expect to see retest of yesterday high. Main scenario: Next resistance level ahead locates at 1.6176 (R1), brake here is required to enable next target at 1.6201 (R2) and any further rise would then be limited to 1.6227 (R3). Alternative scenario: Instrument depreciation below the next support level at 1.6123 (S1) might expose next targets at 1.6098 (S2) and 1.6070 (S3) in potential.
-----------------
USDJPY : 78.083 / 78.086
DAILY WEEKLY MONTHLY
78.40 | 78.29 | 78.19
77.97 | 77.89 | 77.79
SUMMARY : Up
TREND : Sideway
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
Technical Summary: Stochastic Oscillator is recently visit overbought territory and now is pointing down. We expect to see consolidation formation ahead prior further market strengthening. However, easing below the expected support level would suggest retracement development. Main scenario: Currently our next resistance level lie at 78.19 (R1). Rise above it might provide sufficient space for the appreciation towards to next target at 78.29 (R2). Break here is required to enable last target for today at 78.40 (R3). Alternative scenario: Market decrease below the next support level at 77.97 (S1) would suggest about the retracement formation with next target at 77.89 (S2). Further instrument easing might face final support at 77.79 (S3).
Source: FX Central Clearing Ltd, (http://www.fxcc.com)
|
|
|
|
|
Market Overview by FXCC Oct 04 2012 -
10-03-2012, 10:56 PM
Market Overview by FXCC Oct 04 2012
Romney hits first in US debate
Is Mitt Romney breathing new life after the controversial campaign? It appears so after his first debate in front of Barack Obama. Polls show 56% of uncommitted voters say their opinion of Romney has changed for the better, while 13% say that about the President, according to Mark Knoller, CBS News White House Correspondent. According to results of CNN-ORC Post-Debate flash poll who won the debate, Romney 67%, Obama 25%.
A busy trading Thursday for the London session ahead as having plenty of risk events going on, starting with minor data in the form of CPI figures from the Netherlands at 07:00 GMT, followed by Ireland PM Kenny meeting with EU parliament president Schultz at 11:15 GMT, and then going for the long awaited ECB interest rates statement at 11:45 GMT, 45 minutes before ECB press conference starts. BoE will also deliver monetary policy announcement at 11:00 GMT which could add volatility to EUR/GBP cross. IMF will hold press conference at 14:30 GMT.
Read More
UPCOMING EVENTS :
2012-10-04 11:00 GMT | United Kingdom. BoE Interest Rate Decision
2012-10-04 11:45 GMT | European Monetary Union. ECB Interest Rate Decision
2012-10-04 14:00 GMT | United States. Factory Orders
2012-10-04 18:00 GMT | United States. FOMC Minutes
FOREX NEWS :
2012-10-04 04:54 GMT | EUR/USD has a range to break; ECB unlikely to be the catalyst
2012-10-04 04:31 GMT | USD/CAD rally pauses below trend line resistance
2012-10-04 02:36 GMT | EUR/AUD hits stops above 1.2670
--------------------
EURUSD : 1.29279 / 1.29282
DAILY WEEKLY MONTHLY
1.3018 | 1.2987 | 1.2955
1.2895 | 1.2863 | 1.2829
SUMMARY : Down
TREND : Sideway
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
Technical Summary: Markets would be driven today mostly by macroeconomic data releases. In focus ECB Interest rate decision at 11:45 GMT. From the technical side, deviation from its average parameters is low several days in a row and we expect to see volatility increase ahead. Main scenario: Next resistance level for today locates at 1.2955 (R1). Rise above it might lead to the further trend development with next possible targets at 1.2987 (R2) and 1.3018 (R3). Alternative scenario: Downside direction is limited by next support level at 1.2895 (S1), price decrease below it would be targeting next supports at 1.2863 (S2) and 1.2829 (S3).
-------------------
GBPUSD : 1.60970 / 1.60977
DAILY WEEKLY MONTHLY
1.6198 | 1.6161 | 1.6127
1.6067 | 1.6034 | 1.6000
SUMMARY : Down
TREND : Downward penetration
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
Technical Summary: Instrument continued its weakening on the hourly chart and our indicators clearly state downtrend formation on the short term perspective however in such situation market focus on Bank of England Rate Decision at 11:00 GMT. Main scenario: Price might retest our support at 1.6067 (S1) on the downside. Break here would suggest next target at 1.6034 (S2) and any further fall would then be targeting to 1.6000 (S3). Alternative scenario: Our next resistance stay at 1.6127 (R1), break here is required for market expansion towards to next targets at 1.6161 (R2) and 1.6198 (R3).
---------------
USDJPY : 78.616 / 78.618
DAILY WEEKLY MONTHLY
79.04 | 78.87 | 78.71
78.42 | 78.25 | 78.07
SUMMARY : Up
TREND : Upward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
Technical Summary: Technically, USDJPY in uptrend formation and both moving averages acts now as dynamic support level. Fresh high, formed today is our key level for the further uptrend development. Main scenario: Next resistance ahead at 78.71 (R1), break here is required to open way for further appreciation towards to targets at 78.87 (R2) and 79.04 (R3). Alternative scenario: Price decline below the next support levels at 78.42 (S1) might trigger bearish pressure and enable next target at 78.25 (S2). A break below it would suggest last target for today at 78.07 (S3).
Source: FX Central Clearing Ltd,( Forex Calculator | ECN Forex Training | Forex Demo Account | FXCC )
|
|
|
|
|
Market Overview by FXCC Oct 05 2012 -
10-04-2012, 11:13 PM
Market Overview by FXCC Oct 05 2012
ECB waits for Spain to act; bailout to come over the next month - Standard Chartered
The ECB looks set to keep rates on hold in November too, according to Standard Chartered European Economists Sarah Hewin and Thomas Costerg, while expecting recession "will trigger a cut by year-end" they note. Details on the new bond-buying plan remain thin, "but the ECB is likely to be tough on conditionality" the bank suspects. As per the timing abou the Spanish bailout, Standard Chartered thinks "they will need to ask for support over the next month, despite German reluctance."
"The ECB left its Refi rate unchanged in line with expectations, although market reaction does suggest there were at least some hopes for a rate cut today", says Vassili Serebriakov, Currency Strategist, Wells Fargo Bank. "With the ECB decision out of the way, markets will be looking ahead to US September nonfarm payrolls report", he says. "Judging from recent US data, the jobs numbers should not be particularly weak, which in our view could play into further gains in risk-sensitive commodity and emerging currencies".
https://support.fxcc.com/email/technical/05102012/
UPCOMING EVENTS :
2012-10-05 07:00 GMT | Switzerland. Foreign Currency Reserves
2012-10-05 10:00 GMT | Germany. Factory Orders senectus
2012-10-05 12:30 GMT | United States. Nonfarm Payrolls
2012-10-05 19:00 GMT | United States. Consumer Credit Change
FOREX NEWS :
2012-10-05 05:02 GMT | EUR/USD bulls regain upper-hand ahead of NFP fireworks
2012-10-05 03:40 GMT | USD/JPY drops to session lows post-BoJ
2012-10-05 03:14 GMT | BoJ Interest Rate Decision stays unchanged at 0.1%
2012-10-05 02:07 GMT | EUR/AUD stalling below 1.2720
EURUSD : 1.30154 / 1.30158
DAILY WEEKLY MONTHLY
1.3098 | 1.3065 | 1.3032
1.2998 | 1.2962 | 1.2926
SUMMARY : Up
TREND : Upward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
Technical Summary: Bullish market sentiment remains in power today after the appreciation provided yesterday. United States Nonfarm Payrolls would be the main macroeconomic data release at 12:30 GMT. Main scenario: Brake above the resistance at 1.3032 (R1) would suggest next target at 1.3065 (R2) and any further gain would then be limited to 1.3098 (R3). Alternative scenario: Break below the support at 1.2998 (S1) might provide necessary space for retracement development. We suggest next target at 1.2962 (S2) and 1.2926 (S3) in potential.
----------------
GBPUSD : 1.61941 / 1.61945
DAILY WEEKLY MONTHLY
1.6289 | 1.6246 | 1.6204
1.6165 | 1.6123 | 1.6079
SUMMARY : Up
TREND : Upward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
Technical Summary: At the moment GBPUSD deviate from its up-trend formation and such stabilization might extend its power to the London session ahead. Stochastic Oscillator is pointing up and both moving averages are bullish, so far we expect further strengthening as main scenario later on today. Main scenario: Next resistance is maintained at 1.6204 (R1), break here might open space for a move to test targets at 1.6246 (R2) and 1.6289 (R3) in potential. Alternative scenario: Decrease below the support at 1.6165 (S1) might expose next targets at 1.6123 (S2) and 1.6079 (S3).
----------------
USDJPY : 78.391 / 78.395
DAILY WEEKLY MONTHLY
79.04 | 78.80 | 78.58
78.25 | 78.02 | 77.79
SUMMARY : Up
TREND : Upward penetration
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
Technical Summary: Market trapped to the range trading mode after the yesterday gains. Medium term bias is positive and we expect to see retest of yesterday high today. However if the market depreciate below the support level we expect a correction development. Main scenario: Next resistance level lie at 78.58 (R1). Break here is required to enable targets at 78.80 (R2) and 79.04 (R3). Alternative scenario: Risk of price depreciation is seen below the next support level at 78.25 (S1). Price progress below it might expose next targets at 78.02 (S2) and 77.79 (S3) in perspective.
Source: FX Central Clearing Ltd,( Forex Blog | Forex Market Hours | ECN Automated Forex Trading] | FXCC )
|
|
|
|
|
Market Overview by FXCC Oct 08 2012 -
10-08-2012, 02:18 AM
Market Overview by FXCC Oct 08 2012
HSBC Services PMI at 54.3 signals improvement
According to Markit Economics, the HSBC Composite PMI (covering manufacturing and services PMI) signaled a renewed expansion in business activity at 54.3 in September, up from 52.0; below 50.0 signals contraction, while above signals industry expansion.
Hongbin Qu, Chief Economist, China & Co-Head of Asian Economic Research at HSBC said:“Service sector growth picked up in September thanks to rising new business flows. This is likely an indication of a gradual improvement of domestic economic conditions due to the earlier easing measures and the stronger consumption demand in the run-up to the Golden week holiday.”
Read More
https://support.fxcc.com/email/technical/08102012/
UPCOMING EVENTS :
2012-10-08 07:15 GMT | Switzerland. Consumer Price Index
2012-10-08 10:00 GMT | Germany. Industrial Production
2012-10-08 21:45 GMT | New Zealand. Electronic Card Retail Sales
2012-10-08 23:45 GMT | Japan. Trade Balance - BOP Basis
FOREX NEWS :
2012-10-08 04:44 GMT | EUR/USD weekly start below 1.30
2012-10-08 03:52 GMT | AUD/JPY again below 80 round
2012-10-08 03:25 GMT | EUR/JPY dive stalls around 102 round
2012-10-08 01:22 GMT | USD/JPY limited below 100 DMA
-------------------
EURUSD : 1.29880 / 1.29885
DAILY WEEKLY MONTHLY
1.3070 | 1.3042 | 1.3013
1.2968 | 1.2942 | 1.2915
SUMMARY : Up
TREND : Upward penetration
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold
MARKET ANALYSIS - Intraday Analysis
Technical Summary: Currently EURUSD trades on the negative side and we expect further consolidation development later on today as main scenario. However medium term tendency remains positive. Main scenario: Next upcoming support holds at 1.2968 (S1), break through here might take the pair towards to eventual targets located at 1.2942 (S2) and 1.2915 (S3) in potential. Alternative scenario: Price level at 1.3013 (R1) is a next attractive point for the uptrend penetration. If a break occur here we suggest gradual targets to be placed at 1.3042 (R2) and 1.3070 (R3).
-------------------
GBPUSD : 1.61085 / 1.61089
DAILY WEEKLY MONTHLY
1.6174 | 1.6153 | 1.6131
1.6094 | 1.6075 | 1.6053
SUMMARY : Up
TREND : Downward penetration
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Oversold
MARKET ANALYSIS - Intraday Analysis
Technical Summary: Instrument has settled negative bias on the hourly timeframe. We expect gradual decline towards to our support levels as main scenario today. Main scenario: If the market manage to brake next support level at 1.6094 (S1), we might exposure of possible targets at 1.6075 (S2) and 1.6053 (S3) later on today. Alternative scenario: Next resistance ahead is seen at 1.6131 (R1). Rising up above this level would suggest next targets at 1.6153 (R2) and 1.6174 (R3) in potential
--------------------
USDJPY : 78.538 / 78.541
DAILY WEEKLY MONTHLY
78.96 | 78.81 | 78.64
78.42 | 78.26 | 78.10
SUMMARY : Up
TREND : Sideway
MA10 : Bearish
MA20 : Bullish
STOCHASTIC : Oversold
MARKET ANALYSIS - Intraday Analysis
Technical Summary: We are not expecting significant volatility increase today and current range mode condition might extend its power for the remaining of the day. Main scenario: Measures of resistance might be activating when the pair approaches the 78.64 (R1), break here would suggest next target at 78.81 (R2). If the price holds its momentum on the upside we can expect a further rise towards to 78.96 (R3). Alternative scenario: Our next support level stay at 78.42 (S1). Loss here might drive market price towards to next targets at 78.26 (S2) and 78.10 (S3) in perspective.
Source: FX Central Clearing Ltd,( Forex Strategy | ECN Forex Trading Systems | Forex Exchange Rates | FXCC )
|
|
|
|
|
Market Overview by FXCC Oct 09 2012 -
10-09-2012, 02:28 AM
Market Overview by FXCC Oct 09 2012
IMF cuts global GDPs forecast, dowside risks worsen
The IMF has lowered the euro zone GDP outlook for 2012 by -0.1% to -0.4% from -0.3%, while setting a +0.2% in 2013 from +0.7%. Progress toward banking, fiscal union is required for rosier revisions. ECB could cut rates further, the institution says. Japan 2012 growth forecast was also cut to 2.2% from 2.4%, 2013 stands now at 1.2% from 1.5%. The BOJ easing program may help its GDP target, although more is needed to reach 1% inflation goal. China 2012 growth forecast was downgraded to 7.8% from 8.0%, 2013 forecast at 8.2% from 8.5%. On the US front, IMF said “imperative” to avoid year-end fiscal cliff, as it could reduce 4% of GDP in 2013 in the worst case scenario. U.S., Canadian economies GDPs are projected at around 2% in 2012 and 2013, but both face large downside risks. Cuts 2012 global GDP growth forecast to 3.3% from 3.5% in July and 2013 forecast to 3.6% from 3.9%. “General feeling of uncertainty” holding back global growth.
The UK is the focus of the day ahead, "with the August snapshot of industrial- and manufacturing sector output on offer as well as foreign trade data for the same month" Rabobank notes. The bank adds: "A small fall in industrial output is expected but after a pretty strong July reading, the sector is tracking to grow output in 3Q as a whole." The NIESR, a UK Think Tank, will also release their estimate of 3Q GDP growth.
Read More
https://support.fxcc.com/email/technical/09102012/
UPCOMING EVENTS :
Tentative ECOFIN Meetings
2012-10-09 07:30 GMT | ECB President Draghi Speaks
2012-10-09 08:30 GMT | Manufacturing Production
2012-10-09 14:00 GMT | NIESR GDP Estimate
FOREX NEWS :
2012-10-09 05:00 GMT | GBP/USD consolidating ahead of UK data
2012-10-09 03:58 GMT | EUR/USD still below 1.30
2012-10-09 03:56 GMT | Will GBP/JPY’s sell-off extend?
2012-10-09 00:39 GMT | AUD/USD breaks Monday's high, descending trendline
----------------
EURUSD 1.29813 / 1.29817
DAILY WEEKLY MONTHLY
1.3049 | 1.3024 | 1.2999
1.2968 | 1.2942 | 1.2917
SUMMARY : Up
TREND : Upward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
Technical Summary: Yesterday pair gained momentum on the downside and close on the negative territory however medium term bias remains positive for EURUSD. Main scenario: Pair is moving towards to our next resistance level at 1.2999 (R1). Clearance here would suggest next targets at 1.3024 (R2) and 1.3049 (R3). Alternative scenario: The downside trend evolvement is limited by next support level at 1.2968 (S1), break here might lead to the targets execution at 1.2942 (S2) and 1.2917 (S3).
------------
GBPUSD 1.60419 / 1.60426
DAILY WEEKLY MONTHLY
1.6127 | 1.6096 | 1.6066
1.6019 | 1.5990 | 1.5961
SUMMARY : Down
TREND : Downward penetration
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
Technical Summary: Market sentiment is negative on GBPUSD as of yesterday sharp fall. We expect to see new lows formation today. Main scenario: Decline below the support level at 1.6019 (S1) would suggest next target at 1.5990 (S2) and any further easing would then be targeting 1.5961 (S3). Alternative scenario: If the price manages to stay above the suggested support at 1.6019 (S1), we expect attack to the resistance level at 1.6066 (R1). Clearance here is required for the instrument strengthening towards to our targets at 1.6096 (R2) and 1.6127 (R3) in potential.
-------------
USDJPY : 78.404 / 78.406
DAILY WEEKLY MONTHLY
78.76 | 78.62 | 78.48
78.28 | 78.14 | 78.00
SUMMARY : Up
TREND : Upward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
Technical Summary: USDJPY still is under the bullish pressure on the medium term perspective. Though, possibility of further market decline is high today. Main scenario: Next support level stays at 78.28 (S1). Break here would suggest next target at 78.14 (S2) and any further fall would then be limited by last support at 78.00 (S3). Alternative scenario: A medium-term bias is negative now though intraday bullish forces might be activated if the pair penetrates above the resistance level at 78.48 (R1). Next immediate resistance levels holds at 78.62 (R2) and 78.76 (R3).
Source: FX Central Clearing Ltd,( ECN Forex Indicators | Learn Forex | Trade Forex | FXCC )
|
|
|
|
|
Market Overview by FXCC Oct 12 2012 -
10-11-2012, 10:45 PM
Market Overview by FXCC Oct 12 2012
MAS surprises but still room to loosen policy - Capital Economics
The Monetary Authority of Singapore (MAS) left its policy stance unchanged today and it will continue to allow the NEER to trade within a target band of “modest and gradual appreciation”. The slope, mid-point and width of the target band will stay the same. The decision came despite stood at -1.5% q/q on an annualized basis in Q3.
A relatively quiet London session lies ahead, with no EZ sovereign debt auctions as usual on Fridays, and only minor EUR data related coming out, starting with French current account at 06:45 GMT, followed by the Netherlands trade balance at 07:30 GMT, Italy CPI at 08:00 GMT, and EU industrial production 1 hour later. The IMF-WB meetings will keep going throughout Sunday, with BoJ governor Shirakawa to speak at 12:20 GMT. Special attention might come from Spain, as the nation government holds its regularly weekly meeting, and markets expectations are growing on the country asking for the bailout after S&P downgraded Spain's credit ranking to one notch away from junk status.
Read More
https://support.fxcc.com/email/technical/12102012/
All. IMF Meeting
2012-10-12 09:00 GMT European Monetary Union. Industrial Production
2012-10-12 12:30 GMT United States. Producer Price Index
2012-10-12 13:55 GMT United States. Reuters/Michigan Consumer Sentiment Index
2012-10-12 04:42 GMT GBP/USD pressured ahead of Europe
2012-10-12 04:33 GMT EUR/USD clings to range game; time to salute 1.30 again?
2012-10-12 02:34 GMT AUD/JPY threatening offers near 80.80
2012-10-11 23:34 GMT USD/JPY gently bid; further advances ahead?
-------------
EURUSD 1.29291 / 1.29294
DAILY WEEKLY MONTHLY
1.3009 1.2980 1.2951
1.2914 1.2885 1.2854
SUMMARY Up
TREND Upward penetration
MA10 Bullish
MA20 Bullish
STOCHASTIC Neutral
MARKET ANALYSIS - Intraday Analysis
Technical Summary: Medium term bias remains positive and today we expect further appreciation as main scenario. Main scenario: Strengthening above the resistance at 1.2951 (R1) might open way towards to next targets at 1.2980 (R2) and 1.3009 (R3). Alternative scenario: Next support can be found at 1.2914 (S1), clearance here would enable lower targets at 1.2885 (S2) and 1.2854 (S3).
----------------
GBPUSD 1.60289 / 1.60296
DAILY WEEKLY MONTHLY
1.6109 1.6082 1.6057
1.6020 1.5993 1.5966
SUMMARY Up
TREND Upward penetration
MA10 Bearish
MA20 Bullish
STOCHASTIC Neutral
MARKET ANALYSIS - Intraday Analysis
Technical Summary: GBPUSD deviate from last week losses and current consolidation might extend its power above the suggested resistance levels today. Main scenario: Rise above the resistance at 1.6057 (R1) would suggest next target at 1.6082 (R2) and then final resistance can be found at 1.6109 (R3). Alternative scenario: Next support level holds at 1.6020 (S1), break here would suggest next target at 1.5993 (S2) and any further fall would then be limited to 1.5966 (S3).
-------------------
USDJPY 78.341 / 78.343
DAILY WEEKLY MONTHLY
78.79 78.67 78.54
78.27 78.13 77.99
SUMMARY Up
TREND Upward penetration
MA10 Bullish
MA20 Bullish
STOCHASTIC Neutral
MARKET ANALYSIS - Intraday Analysis
Technical Summary: Fresh high provided today is our key point for further instrument appreciation however penetration below the suggested support level might enable bearish force on the short term perspective. Main scenario: Next resistance is placed at 78.54 (R1), break here might expose next target at 78.67 (R2) and any further rise would then be targeting 78.79 (R3). Alternative scenario: Our now bullish short term outlook will remain in place while USDJPY trades above the support at 78.27 (S1). A downside move below it might expose our next targets at 78.13 (S2) and 77.99 (S3) in potential.
Source: FX Central Clearing Ltd, (http://www.fxcc.com)
|
|
|
|
|
Market Overview by FXCC Oct 15 2012 -
10-15-2012, 02:12 AM
Market Overview by FXCC Oct 15 2012
Case for an RBNZ rate cut mounts - BNZ
The Reserve Bank of New Zealand may start to find it harder and harder to maintain its cash rate steady in the foreseeable future, according to BNZ economist Stephen Toplis. From Mr. Toplis: "A very weak PMI, followed by today’s weak PSI, intimates that Q3 GDP might print very poorly indeed. Consensus forecasts for global growth remain under pressure. The Australian economy is looking demonstrably shaky, resulting in grief for domestic manufacturers, and the RBA is easing. The NZD TWI sits stubbornly 1.4% above the RBNZ’s assumed Q4-average. And the annual CPI is about to print below the bottom edge of the RBNZ’s 1-3% target range. We, thus, now put the probability of an easing as high as 35%."
The BNZ Analyt adds: "We stick with our view that rates are on hold for some time to come but warn that the downside risk should not be ignored. The market is now pricing in around an 85% chance of a cut over the coming 12 months. It’s been pricing in a reduction in rates consistently for much of the last year and we have railed against it. While we think the odds are overdone, the situation has certainly changed sufficiently for us to be much less aggressive in our dissension. For us the catalyst for an easing will be continued appreciation in the NZD accompanied by a stalling in the domestic housing market."
Read More
https://support.fxcc.com/email/technical/15102012/
UPCOMING EVENTS :
2012-10-15 12:30 GMT | United States. Retail Sales
2012-10-15 14:30 GMT | Canada. Bank of Canada Business Outlook Survey
2012-10-15 19:00 GMT | Canada. BoC Governor Mark Carney Speech
2012-10-15 21:45 GMT | New Zealand. Consumer Price Index
FOREX NEWS :
2012-10-15 04:49 GMT | GBP/USD maintains bearish tendencies
2012-10-15 04:43 GMT | EUR/USD new week, same range
2012-10-15 04:14 GMT | AUD/NZD choppy below 1.2550
2012-10-15 03:13 GMT | EUR/JPY slide supported by trendline
----------------------
EURUSD : 1.29080 / 1.29085
DAILY WEEKLY MONTHLY
1.2954 | 1.2937 | 1.2922
1.2890 | 1.2875 | 1.2860
SUMMARY : Up
TREND : Upward penetration
MA10 : Bearish
MA20 : Bearish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
Technical Summary: Today Instrument gained momentum on the negative side and formed correction from its initial uptrend formation. If it manages to break above the suggested resistance level we expect to see new step of uptrend development, otherwise depreciation below the support would lead to the deeper correction. Main scenario: Possible strengthening might arise above the next resistance level at 1.2922 (R1). Next targets holds at 1.2937 (R2) and 1.2954 (R3) levels. Alternative scenario: Downside development remains for now limited by next support level at 1.2890 (S1), clear break here would be a signal of market weakening, targeting 1.2875 (S2) and 1.2860 (S3) in potential.
----------------
GBPUSD : 1.60385 / 1.60394
DAILY WEEKLY MONTHLY
1.6132 | 1.6096 | 1.6059
1.6024 | 1.5983 | 1.5944
SUMMARY : Down
TREND : Downward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
Technical Summary: The medium term tendency is Bearish as both moving averages are pointing down and we expect that GBPUSD remains on the negative side today. Main scenario: Decrease below the expected support at 1.6024 (S1) might push price lower and enable our targets at 1.5983 (S2) and 1.5944 (S3). Alternative scenario: Upside formation is limited by next resistance level at 1.6059 (R1). If market manage to break it, further targets locates at 1.6096 (R2) and 1.6132 (R3).
----------------
USDJPY : 78.564 / 78.565
DAILY WEEKLY MONTHLY
78.95 | 78.79 | 78.63
78.43 | 78.26 | 78.09
SUMMARY : Up
TREND : Sideway
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
Technical Summary: Pair has settled positive bias on the hourly timeframe and fresh high, formed today is our reference point for the instrument appreciation. Main scenario: Our next resistance level for today stay at 78.63 (R1), break here would enable next targets at 78.79 (R2) and 78.95 (R3). Alternative scenario: Possible depreciation below the support level at 78.43 (S1) would suggest next targets at 78.26 (S2) and 78.09 (S3).
Source: FX Central Clearing Ltd,( What Is Forex Trading | Forex Trading Signals | ECN Forex Trading Online | FXCC )
|
|
|
|
|
Market Overview by FXCC Oct 17 2012 -
10-16-2012, 10:59 PM
Market Overview by FXCC Oct 17 2012
Moody’s confirms Spain’s government bond rating at Baa3, negative outlook
Moody’s issued the following statement in downgrading Spain’s sovereign credit rating outlook to negative: Moody’s Investors Service yesterday confirmed the Kingdom of Spain’s Baa3 government bond rating and assigned a negative outlook to the rating. In addition, Moody’s has confirmed Spain’s short-term rating at (P)Prime-3. Rating action concludes the review for possible further downgrade of Spain’s rating that Moody’s had initiated on 13 June 2012.
In summary, Moody’s believes that the combination of euro area and ECB support and the Spanish government’s own efforts should allow the government to maintain capital market access at reasonable rates, providing it with the time it needs to stabilise public debt over the next few years. In Moody’s view, the maintenance of market access is critical because the risk that some form of burden-sharing will be imposed on bondholders is material for those countries that rely entirely or to a very large extent on official-sector funding for an extended period of time.
Read More
https://support.fxcc.com/email/technical/17102012/
UPCOMING EVENTS :
2012-10-16 08:30 GMT | United Kingdom. Bank of England Minutes
2012-10-16 09:00 GMT | Switzerland. ZEW Survey - Expectations
2012-10-16 09:15 GMT | United Kingdom. BOE Deputy Governor Paul Tucker speech
2012-10-16 12:30 GMT | United States. Housing Starts
FOREX NEWS :
2012-10-17 02:55 GMT | GBP/USD at key 61.8 fibo; awaits BoE minutes
2012-10-17 01:26 GMT | USD/JPY ranges ahead of 79.00 sellers
2012-10-17 00:26 GMT | AUD/USD follows Euro tail; 1.0330/35 next hurdle
2012-10-16 21:32 GMT | EUR/USD tests 1.3100 on Moddy's Spanish rating
-------------
EURUSD : 1.30944 / 1.30947
DAILY WEEKLY MONTHLY
1.3199 | 1.3160 | 1.3125
1.3064 | 1.3027 | 1.2992
SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Overbought
MARKET ANALYSIS - Intraday Analysis
Technical Summary: Moody’s confirms Spain’s government bond rating at Baa3 with the negative outlook yesterday and that drives market price towards to new levels. Market sentiment is clearly bullish. Main scenario: In terms of technical levels next resistance level could be found at 1.3125 (R1). Appreciation above it might enable next targets at 1.3160 (R2) and 1.3199 (R3) in potential. Alternative scenario: Our next support level holds at 1.3064 (S1). Price penetration below it might open way towards to next targets at 1.3027 (S2) and 1.2992 (S3).
----------------
GBPUSD : 1.61262 / 1.61266
DAILY WEEKLY MONTHLY
1.6192 | 1.6163 | 1.6135
1.6101 | 1.6074 | 1.6045
SUMMARY : Up
TREND : Upward penetration
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral
MARKET ANALYSIS - Intraday Analysis
Technical Summary: Market is waiting for Bank of England Minutes at 08:30 GMT. Technically, further market rise is more likely scenario for today while both moving averages are pointing up. Main scenario: If the price manages to progress above the next resistance at 1.6133 (R1) we suggest next targets at 1.6154 (R2) and 1.6177 (R3) in potential. Alternative scenario: Next support level locates 1.6107 (S1) today, possible pushdown of the price below it would suggest next targets at 1.6085 (S2) and 1.6062 (S3).
-----------------
USDJPY : 78.632 / 78.636
DAILY WEEKLY MONTHLY
79.03 | 78.91 | 78.78
78.61 | 78.50 | 78.38
SUMMARY : Down
TREND : Downward penetration
MA10 : Bearish
MA20 : Bullish
STOCHASTIC : Oversold
MARKET ANALYSIS - Intraday Analysis
Technical Summary: USDJPY still trades under the bullish pressure on the medium term perspective. Though, possibility of further market decline is high today as a part of correction development. Main scenario: We expect to see retest of our support at 78.61 (S1) today. Easing below it would suggest next targets at 78.50 (S2) and 78.38 (S3) in potential. Alternative scenario: Our next resistance level is placed at 78.78 (R1). Break above it might open initial targets at 78.91 (R2) and 79.03 (R3) in potential.
Source: FX Central Clearing Ltd,( Learn Forex Trading | ECN Forex Online Trading | Forex Trading Tips | FXCC )
|
|
|
| Thread Tools |
|
|
| Display Modes |
 Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -8. The time now is 05:50 AM.
|
|
Advertisement
|
|
|
|
