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Market Overview by FXCC


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#1 alayoua

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Posté 18 septembre 2012 - 11:22

Market Overview by FXCC Sep 18 2012

RBA minutes - Bias still to the downside

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

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

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

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

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

Image IPB

1.3355 | 1.3267 | 1.3179
1.3085 | 1.2995 | 1.2903

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


MARKET ANALYSIS - Intraday Analysis

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

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GBPUSD : 1.62435 / 1.62444
DAILY WEEKLY MONTHLY

Image IPB

1.6392 | 1.6347 | 1.6301
1.6212 | 1.6165 | 1.6119

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


MARKET ANALYSIS - Intraday Analysis

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

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

Image IPB

79.42 | 79.16 | 78.92
78.47 | 78.21 | 77.95

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


MARKET ANALYSIS - Intraday Analysis

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

Source: FX Central Clearing Ltd,( ECN Forex Trading| Forex Rates | Forex Market | FXCC )


#2 alayoua

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Posté 19 septembre 2012 - 06:57

Market Overview by FXCC Sep 19 2012

BOJ eases more than expected

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

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


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

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


EURUSD : 1.30706 / 1.30711
DAILY WEEKLY MONTHLY

Image IPB

1.3227 | 1.3172 | 1.3116
1.2995 | 1.2941 | 1.2888

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


MARKET ANALYSIS - Intraday Analysis

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

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

Image IPB

1.6348 | 1.6308 | 1.6273
1.6218 | 1.6181 | 1.6144

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


MARKET ANALYSIS - Intraday Analysis

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

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USDJPY : 79.164 / 79.167
DAILY WEEKLY MONTHLY

Image IPB

79.84 | 79.63 | 79.42
79.93 | 78.72 | 78.51

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


MARKET ANALYSIS - Intraday Analysis

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

Source: FX Central Clearing Ltd,( Forex Rate | Forex News | ECN Forex Broker | FXCC )


#3 alayoua

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Posté 20 septembre 2012 - 11:06

Market Overview by FXCC Sep 20 2012

HSBC Manufacturing PMI still in contraction at 47.8

The HSBC Flash China Manufacturing PMI registered a 2-month high of 47.8 in September from 47.6 in August, Markit Economics reported Thursday. This reading signals that the manufacturing sector in China remains in contraction (above 50.0 indicates industry expansion, below indicates contraction).

For the London session ahead the Spanish sovereign 10 year bond auction will take center stage, as yields have been below 6% for last few days, and previous auction reached a 6.65% final yield. France will also sell up to € 10B in different maturities starting at 08:50 GMT. In the macro data EUR related front Germany will release its PPI figures at 06:00 GMT, followed by French PMIs at 06:58 GMT, German PMIs at 07:28 GMT, Netherlands consumer confidence and unemployment 2 minutes later, EU PMIs at 07:58 GMT, and Italian industrial orders 2 minutes later.
Read More
https://support.fxcc...nical/20092012/

UPCOMING EVENTS :
2012-09-20 07:28 GMT | Germany. Markit Manufacturing PMI (Sep) Preliminar
2012-09-20 08:30 GMT | United Kingdom. Retail Sales (YoY) (Aug)
2012-09-20 12:30 GMT | United States. Initial Jobless Claims (Sep 15)
2012-09-20 14:00 GMT | United States. Philadelphia Fed Manufacturing Survey (Sep)

FOREX NEWS :
2012-09-20 04:35 GMT | EUR/JPY moves downhill, regional bourses deep in red
2012-09-20 04:31 GMT | EUR/USD holding above 1.30
2012-09-20 03:22 GMT | AUD/JPY pressured, Asian stocks weigh
2012-09-20 00:37 GMT | USD/JPY: expect slide to continue below 78.20 – V.Bednarik


EURUSD : 1.30031 / 1.30036
DAILY WEEKLY MONTHLY

Image IPB

1.3173 |1.3131 | 1.3085
1.2298 |1.2945 |1.2900

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


MARKET ANALYSIS - Intraday Analysis

Today we expect increase of volatility due to the many macroeconomic data releases. The Germany market Manufacturing PMI release at 07:28 GMT is the next news in focus for Eurozone. Local high, formed yesterday at 1.3085 (R1) is acts now as next immediate resistance level today. Brake here is required to enable stronger market action, targeting 1.3131 (R2) and 1.3173 (R3). At the moment instrument is moving towards to our next support level at 1.2298 (S1). If it breaks below it, we expect further downgrade towards to next targets at 1.2945 (S2) and 1.2900 (S3).

---------------
GBPUSD : 1.62029 / 1.62040
DAILY WEEKLY MONTHLY

Image IPB

1.6311 | 1.6274 | 1.6239
1.6181 | 1.6144 | 1.6109

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


MARKET ANALYSIS - Intraday Analysis

Decline into the negative territory yesterday initiated selling pressure and GBPUSD dropped below the suggested support level at 1.6218. Technically, pair is set for new targets achievement. On the upside, next resistance locates above the today’s high at 1.6239 (R1). Break here would suggest next target at 1.6274 (R2) and any further rise would then be limited to 1.6311 (R3). However, successful retest of our next support level at 1.6181 (S1) would suggest a pullback expansion towards to targets at 1.6144 (S2) and 1.6109 (S3). In focus UK Retail Sales for August at 08:30.

-------------------
USDJPY : 78.113 / 78.118
DAILY WEEKLY MONTHLY

Image IPB

79.01 | 78.73 | 78.46
77.88 | 77.62 | 77.37

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


MARKET ANALYSIS - Intraday Analysis

The pair is under the process of recovering. Our bearish medium term outlook will remain in place while USDJPY trades below the resistance at 78.46 (R1). Break here might change market structure and determine medium term uptrend development. In such scenario we would suggest next targets at 78.73 (R2) and 79.01 (R3). Though, today we expect that the pair continues to extend its bearish pressure and face next support level at 77.88 (S1). Break here is required to extend easing towards to 77.62 (S2) and 77.37 (S3) in perspective.

Source: FX Central Clearing Ltd,( Forex Charts | Forex Exchange | ECN Forex Online | FXCC )


#4 alayoua

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Posté 21 septembre 2012 - 10:10

Market Overview by FXCC Sep 21 2012

EU and Spanish authorities working on bailout program - FT

EU authorities are presumably, according to FT reporters Peter Spiegel and Miles Johnson, working behind closed doors on a an aid package to Spain as well as preparing for an open-ended bond purchases program by the ECB. Brussels is reportedly helping Madrid to tweak an economic reform plan thought to be announced next week, the FT reports. "According to officials involved in the discussions, talks between the Spanish government and the European Commission are focusing on measures that would be demanded by international lenders as part of a new rescue programme, ensuring they are in place before a bailout is formally requested. The plan will focus on structural reforms to the Spanish economy."

London session ahead will lack any major risk event related to EUR, including sovereign debt auctions, as usual on Fridays, whit EZ periphery troubled countries yields at more reasonable levels, with Spanish 10y at 5.87%.
Read More
https://support.fxcc...nical/21092012/

UPCOMING EVENTS :
2012-09-21 07:30 GMT | Switzerland. SNB Quarterly Bulletin (Sep 21)
2012-09-21 08:30 GMT | United Kingdom. Public Sector Net Borrowing (Aug)
2012-09-21 12:30 GMT | Canada. Consumer Price Index (YoY) (Aug)
2012-09-21 16:40 GMT | United States. Fed's Lockhart speech

FOREX NEWS :
2012-09-21 03:32 GMT | AUD/USD bid above 1.0450, Asian stocks support
2012-09-21 02:46 GMT | EUR/USD should see larger correction - DailyFX
2012-09-21 02:38 GMT | AUD/JPY limited below 82.00
2012-09-21 00:57 GMT | USD/JPY slightly boosted, ticks above 78.30


EURUSD : 1.29865 / 1.29867
DAILY WEEKLY MONTHLY

Image IPB

1.3078 | 1.3045 | 1.3012
1.2967 | 1.2932 | 1.2895

SUMMARY Up
TREND Up trend
MA10 Bullish
MA20 Bullish
STOCHASTIC Overbought


MARKET ANALYSIS - Intraday Analysis

Technical Summary: Market continued correction yesterday and exposed our target at 1.2945. Main tendency remains positive and we expect further appreciation later on today. Main scenario: Potential of going higher is seen above the next resistance at 1.3012 (R1), surpassing of this level would suggest next targets at 1.3045 (R2) and 1.3078 (R3). Alternative scenario: If it fail to go higher, we might see further retracement development below the support at 1.2967 (S1) with next target in focus at 1.2932 (S2). Final target locates at 1.2895 (S3).

---------------
GBPUSD : 1.62542 / 1.62551
DAILY WEEKLY MONTHLY

Image IPB

1.6347 | 1.6311 | 1.6276
1.6232 | 1.6197 | 1.6163

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


MARKET ANALYSIS - Intraday Analysis

Technical Summary: Currently Instrument appreciates by 0.3% and looks set for further gains later on today. On the slightly longer term formation of the correction is reasonable.Main scenario: Key resistance level locates at 1.6276 (R1), break here is required for uptrend formation targeting 1.6311 (R2) and 1.6347 (R3) in potential. Alternative scenario: Development of the pull back is possible below the next support level at 1.6232 (S1). A break here would suggest next target at 1.6197 (S2) and any further fall would then be targeting 1.6163 (S3).

-----------------
USDJPY : 78.161 / 78.163
DAILY WEEKLY MONTHLY

Image IPB

78.71 | 78.54 | 78.38
78.01 | 77.85 | 77.69

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


MARKET ANALYSIS - Intraday Analysis

Technical Summary: Instrument stabilized after the previous day’s losses and trades in a narrow channel without priority in direction on the hourly chart. In such situation we suggest waiting for a clear break out of important levels prior taking any positions. Main scenario: While medium term bias is negative we expect the break of next support level at 78.01 (S1) first. Next targets locates at 77.85 (S2) and 77.69 (S3) Alternative scenario: Possibility of the USDJPY strengthening is seen above the resistance at 78.38 (R1), targeting resistances at 78.54 (R2) and 78.71 (R3) in potential.

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


#5 alayoua

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Posté 24 septembre 2012 - 11:05

Market Overview by FXCC Sep 24 2012

Will the RBA cut rates in Sept? - NAB

The RBA 2 October rate decision has many media commentators expecting a rate cut and the market. NAB: "The Minutes from September were softer than the post Board Statement when they added the line that 'The current assessment of the inflation outlook continued to provide scope to adjust policy in response to any significant deterioration in the outlook for growth.”' But we have not seen a 'significant deterioration in the outlook for growth' since early September. At this stage we'd say a cut is less a 50% chance."

London session ahead will bring all kinds of talks related to EZ debt crisis as Greece is urged by Troika to reduce budgets even more, Spain will release plenty of key data on coming Friday, and rumors on ESM to be leveraged up to € 2 Trillion make the rounds. In the economic agenda most important and almost only data to be released will be German IFO business climate at 08:00 GMT although the Netherlands final GDP will also be published 30 minutes earlier. European Parliament Committee hearing on Libor scandal will also take place today.
Read More
https://support.fxcc...nical/24092012/


UPCOMING EVENTS :
2012-09-24 06:00 GMT | United Kingdom. Nationwide Housing Prices (Aug)
2012-09-24 08:00 GMT | Germany. IFO - Business Climate (Sep)
2012-09-24 12:30 GMT | United States. Chicago Fed National Activity Index (Aug)
2012-09-24 14:30 GMT | United States. Dallas Fed Manufacturing Business Index (Sep)

FOREX NEWS :
2012-09-24 04:20 GMT | EUR/USD slips below 1.2950
2012-09-24 04:07 GMT | USD/JPY rally expected to resume – H.E.Wave
2012-09-24 03:50 GMT | AUD/NZD above 1.26 off fresh 5-month lows
2012-09-24 03:07 GMT | NZD/USD under pressure; Regional bourses weigh


EURUSD : 1.29472 / 1.29476
DAILY WEEKLY MONTHLY

Image IPB

1.3045 | 1.3012 | 1.2979
1.2927 | 1.2895 | 1.2860

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


MARKET ANALYSIS - Intraday Analysis

Technical Summary: Instrument trades below the moving averages and we expect the pair to extend its losses later on today. Main scenario: Without significant economic news announcement, further consolidation looks reasonable today. The price progress below the next support level at 1.2927 (S1) might expose next targets at 1.2895 (S2) and 1.2860 (S3). Alternative scenario: The upside movement is limited by next resistance level at 1.2979 (R1). Surpassing of this level might enable next target at 1.3012 (R2) and any further gain would then be limited by last resistance at 1.3045 (R3).

----------------
GBPUSD : 1.62171 / 1.62182
DAILY WEEKLY MONTHLY

Image IPB

1.6295 | 1.6245 | 1.6234
1.6197 | 1.6169 | 1.6141

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


MARKET ANALYSIS - Intraday Analysis

Technical Summary: GBPUSD trades in negative tone on the short term perspective however medium term bias remains positive. Main scenario: Our next targets for current retracement formation locates at 1.6197 (S1), break here is required to put focus on the next target at 1.6169 (S2). If the market gains momentum we suggest last support at 1.6141 (S3). Alternative scenario: Next resistance level is placed at 1.6234 (R1). Brake here might eventually activate bulls pressure and enable targets at 1.6245 (R2) and 1.6295 (R3).

-----------------
USDJPY : 78.043 / 78.047
DAILY WEEKLY MONTHLY

Image IPB

78.47 | 78.33 | 78.18
78.00 | 77.85 | 77.69

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


MARKET ANALYSIS - Intraday Analysis

Technical Summary: Neutral hourly studies suggest further consolidation development. We are not expecting significant volatility increase today however market is set for new targets achievement. Main scenario: If the price manage to stay below the next resistance at 78.18 (R1), we expect the see retest of our support at 78.00 (S1). Break below that level would suggest next targets at 77.85 (S2) and 77.69 (S3) in potential. Alternative scenario: Break above the 78.18 (R1)would enable higher target at 78.33 (R2) and any further rise would then be limited by 78.47 (R3).

Source: FX Central Clearing Ltd,( Forex Signals | ECN Forex Broker | Forex Trade | FXCC )


#6 alayoua

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Posté 25 septembre 2012 - 08:02

Market Overview by FXCC Sep 25 2012

RBA Financial Stability Review: Cautiously upbeat on the economy

According to the RBA Financial Stability Review, Australian households remain well positioned to pay back their debts. Looking at business appetite for debt, the central bank expects it to recover while reaffirming that corporate balance sheets are in good shape. The RBA commented that IMF tests indicate banks are likely to withstand severe shocks, although they remain strong to cope with any potential EZ shock, which they expect is likely to remain core risk to the global financial system. RBA warned that the decrease in profits by banks may promote unwanted riskier lending. RBA is confident that modest employment growth will continue, according to latest survey observations.

Busy day ahead for the London session in the sovereign debt auctions front, with Italy selling zero coupon bonds and the Netherlands up to € 2.5B worth of 20 year bonds, while Spain will try to sell 3 and 6 month bills. Italy's 10 year bond yields have been around 5% for current week while Spain's one have been below 6%, around multi-week lows.
Read More
https://support.fxcc...nical/25092012/

UPCOMING EVENTS :
2012-09-25 12:30 GMT | Canada. Retail Sales (MoM) (Jul)
2012-09-25 13:00 GMT | European Monetary Union. ECB President Draghi's Speech
2012-09-25 14:00 GMT | United States. Consumer Confidence (Sep)
2012-09-25 17:30 GMT | United States. Treasury's Geithner Speech

FOREX NEWS :
2012-09-25 04:43 GMT | GBP/USD still sideways below 1.6300
2012-09-25 02:31 GMT | AUD/USD snaps higher post China data
2012-09-25 01:26 GMT | Scenarios for EUR/USD to target 1.25 in Q4 - JPMorgan
2012-09-25 00:51 GMT | Has USD/JPY found temporal bottom?

---------------
EURUSD : 1.29362 / 1.29368
DAILY WEEKLY MONTHLY

Image IPB

1.3013 | 1.2984 | 1.2956
1.2923 | 1.2891 | 1.2860

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


MARKET ANALYSIS - Intraday Analysis

Technical Summary: EURUSD formed retracement formation yesterday, turning intraday bias to the negative side however market sentiment remains positive on the medium term perspective. ECB President Draghi's Speech In focus today. Main scenario: Further easing might initiate protective orders execution and drive market price below the next support level at 1.2923 (S1). Next expected targets for locates at 1.2891 (S2) and 1.2860 (S3). Alternative scenario: Next resistance level is seen at 1.2956 (R1), clearance here would open way for strengthening towards to next targets at 1.2984 (R2) and 1.3013 (R3).

---------------
GBPUSD : 1.62254 / 1.62266
DAILY WEEKLY MONTHLY

Image IPB

1.6295 | 1.6270 | 1.6242
1.6212 | 1.6185 | 1.6157

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


MARKET ANALYSIS - Intraday Analysis

Technical Summary: The pair continues to extend its weakness on the short term perspective. We expect the pair to remain on a gradual downtrend formation today. Main scenario: Our 20 sma at 1.6212 (S1) acts as next support level. Below here opens the way for a return to 1.6185 (S2) price level. Potential is seen to reach final target at 1.6157 (S3) in perspective. Alternative scenario: Risk of upside penetration is seen above the next resistance at 1.6242(R1). Clearance here would suggest next targets at 1.6270 (R2) and 1.6295 (R3) in potential.

-----------------
USDJPY : 77.790 / 77.796
DAILY WEEKLY MONTHLY

Image IPB

78.20 | 78.06 | 77.91
77.73 | 77.59 | 77.44

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


MARKET ANALYSIS - Intraday Analysis

Technical Summary: Pair has settled negative bias on the hourly timeframe however pull back formation is possible. Today’s trading session has set up negative sentiment with instrument depreciation to -0.12% from its opening price. Main scenario: If instrument holds its momentum, we expect to see penetration below the next support at 77.73 (S1). In such scenario we suggest our next targets to be placed at 77.59 (S2) and 77.44 (S3). Alternative scenario: Our 20 sma might be considered as dynamic resistance for the instrument. Successful attack to the 77.91 (R1) price level might encourage correction formation with next targets in focus at 78.06 (R2) and 78.20 (R3)

Source: FX Central Clearing Ltd,( ECN Forex Brokers | Forex Converter | Forex Expert Advisors | FXCC )


#7 alayoua

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Posté 26 septembre 2012 - 11:36

Market Overview by FXCC Sep 26 2012

S&P downgrades South Australia

Standard & Poor’s Ratings Services said today that it has lowered its long-term issuer credit rating on the Australian State of South Australia and the state’s financing arm, South Australian Government Financing Authority, to ‘AA’ from ‘AA+’. At the same time, we affirmed the ‘A-1+’ short-term rating on both entities. The outlook is stable.

"The London session will be a relatively quiet one in EUR macro related terms, starting with French consumer confidence at 06:45 GMT, followed by Italy retail sales at 08:00 GMT, and German preliminary CPI at 12:00 GMT. In the sovereign debt auctions front Germany will try to sell up to € 5B in 10 year bunds at 06:00 GMT, while Italy will auction up to € 9B in 6-month bills. Germany 10 year yields closed yesterday in a relative safe 1.55% well above all time record lows from July at 1.12%, while Italy 10y yields hover around 5%. EU Vice President Rehn will attend final day at Havard University today." Traders should also be alerted to possible headlines on the Spanish-bailout, protests front, Greece funding issues and any other EZ debt crisis-related news.
Read More
https://support.fxcc...nical/26092012/


UPCOMING EVENTS :
2012-09-26 08:30 GMT | United Kingdom. BOE Credit Conditions Survey
2012-09-26 10:00 GMT | United Kingdom. CBI Distributive Trades Survey - Realized
2012-09-26 14:00 GMT | United States. New Home Sales
2012-09-26 14:30 GMT | United States. EIA Crude Oil Stocks change

FOREX NEWS :
2012-09-26 04:43 GMT | GBP/USD stops triggered below 1.6150
2012-09-26 04:19 GMT | EUR/USD breaks down to 9-day lows
2012-09-26 03:06 GMT | AUD/CAD, a good sell into strength - Westpac
2012-09-26 02:57 GMT | AUD/JPY decline extends; 38.2% Fibo support in sight

---------------------------------
EURUSD : 1.28735 / 1.28739
DAILY WEEKLY MONTHLY

Image IPB

1.2970 | 1.2935 | 1.2899
1.2860 | 1.2827 | 1.2793

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


MARKET ANALYSIS - Intraday Analysis

Technical Summary: Technically, market sentiment is bearish now and we expect further instrument depreciation on the medium term perspective. However fresh low, form today is acting as a bottom peak of downwards channel on the hourly chart and pull back is possible towards to our resistance levels on the short term Main scenario: Further price decrease is expected below the next support level at 1.2860 (S1). Break here is required to enable next targets at 1.2827 (S2) and 1.2793 (S3). Alternative scenario: On the other hand, consolidation looks reasonable today. The price progress above the next resistance at 1.2899 (R1) might expose next targets at 1.2935 (R2) and 1.2970 (R3) in potential.

----------
GBPUSD : 1.61679 / 1.61686
DAILY WEEKLY MONTHLY

Image IPB

1.6237 | 1.6214 | 1.6190
1.6149 | 1.6125 | 1.6099

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


MARKET ANALYSIS - Intraday Analysis

Technical Summary: Pair already lost -0.15% percent from its opening price today and we expect some volatility increase later on today. Medium term bias is negative for the instrument and we might see new lows ahead. Main scenario: Next support level locates at fresh low, formed today -1.6149 (S1), pushdown of the price is possible below this level. We suggest next targets at 1.6125 (S2) and 1.6099 (S3). Alternative scenario: Failure to go lower suggested support level will put in focus our resistance level at 1.6190 (R1), break here would suggest next targets at 1.6214 (R2) and 1.6237 (R3).

-----------------
USDJPY : 77.743 / 77.749
DAILY WEEKLY MONTHLY

Image IPB

78.20 | 78.06 | 77.91
77.65 | 77.48 | 77.31

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


MARKET ANALYSIS - Intraday Analysis

Technical Summary: Yesterday instrument trades without a priority in direction. Stochastic Oscillator is approaching bottom zone and we expect to see some consolidation ahead in such market setup with price progress towards to our resistance levels. Main scenario: A break of technically important level at 77.91 (R1) might determine positive bias for today. Next suggested targets for upside direction locates at 78.06 (R2) and 78.20 (R3). Alternative scenario: If the pair gain momentum on the down side and retest our support level at 77.65 (S1), we suggest next targets at 77.48 (S2) and 77.31 (S3).

Source: FX Central Clearing Ltd,( Forex Calendar | Forex Trading Strategies | ECN Trading Forex | FXCC )


#8 alayoua

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Posté 27 septembre 2012 - 09:01

Market Overview by FXCC Sep 27 2012

Moody's downgrade to Spain as early as today? - NAB

After poor risk sentiment on Wednesday, immediate risk now, according to NAB analysts, "is that Moody’s may act to slash Spain’s credit rating to junk, having warned in mid-June (when it cut Spain by three notched to Baa3) that further action was likely within three months." The timing of ratings agency actions, NAB explains, "has been exquisite so don’t bet against this happening as early as today."

Busy session ahead in London with all eyes focused on Spain, though there will also be plenty of risk events coming on the way. German import prices will be released at 06:00 GMT, followed 1 hour later by Spanish retail sales, German unemployment change at 07:55 GMT, EU M3 and private loans 5 minutes later along with Italy business sentiment, and EU business climate index and sentiment data at 09:00 GMT.
Read More
https://support.fxcc...nical/27092012/


2012-09-27 07:55 GMT | Germany. Unemployment Change
2012-09-27 08:30 GMT | United Kingdom. Gross Domestic Product
2012-09-27 12:30 GMT | United States. Core Durable Goods Orders
2012-09-27 14:00 GMT | United States. Pending Home Sales


2012-09-27 04:42 GMT | GBP/USD gently bid, UK GDP ahead
2012-09-27 04:35 GMT | EUR/USD capped below 1.2890
2012-09-27 03:43 GMT | JPY tone remains positive; 78.6% Fibo supports USD/JPY
2012-09-27 03:17 GMT | USD/CAD could hit an air pocket above 0.9850 – Saxobank


EURUSD : 1.28798 / 1.28803
DAILY WEEKLY MONTHLY

Image IPB

1.2970 | 1.2935 | 1.2899
1.2860 | 1.2827 | 1.2793

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


MARKET ANALYSIS - Intraday Analysis

Technical Summary: Market refreshed its local lows yesterday and closed in negative territory. At the moment pair is gaining 0.16% and we expect further appreciation ahead. All our supports and resistance levels remain the same today. Main scenario: Next resistance level is seen at 1.2899 (R1). Penetration above it might resume market strengthening towards to the next target at 1.2935 (R2). Remaining resistance level for today locates at 1.2970 (R3). Alternative scenario: On the flip side, support levels lie at 1.2860 (S1). Break here is required to enable next targets at 1.2827 (S2) and 1.2793 (S3).

-----------------
GBPUSD : 1.61854 / 1.61866
DAILY WEEKLY MONTHLY

Image IPB

1.6241 | 1.6222 | 1.6203
1.6169 | 1.6149 | 1.6130

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


MARKET ANALYSIS - Intraday Analysis

Technical Summary: The upwards momentum for the GBPUSD is likely to get acceleration towards to our next resistance level at 1.6203 (R1), exactly where the 38.2% Fibonacci level lies. Main scenario: Successful break through 1.6203 (R1) would open way for further upside formation towards to next targets at 1.6222 (R2) and 1.6241 (R3). Alternative scenario: Next support level stay at 1.6169 (S1), brake below it might provide a downside priority in direction for the remaining of the day. Next suggested targets at 1.6149 (S2) and 1.6130 (S3).

---------------
USDJPY : 77.657 / 77.662
DAILY WEEKLY MONTHLY

Image IPB

78.03 | 77.89 | 77.76
77.59 | 77.45 | 77.31

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

MARKET ANALYSIS - Intraday Analysis

Technical Summary: Stochastic Oscillator is recently visit oversold zone and now is pointing up. We expect further penetration above the opening price and stabilization on the positive side later on today. Medium term bias remains neutral. Main scenario: Next resistance level lie at 77.76 (R1), rise above it would suggest next targets at 77.89 (R2) and 78.03 (R3). Alternative scenario: Risk of market decline is seen below the next support level at 77.59 (S1). Break here is required to enable initial downside targets at 77.45 (S2) and 77.31 (S3).

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


#9 alayoua

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Posté 28 septembre 2012 - 10:05

Market Overview by FXCC Sep 28 2012

First Spanish banks stress test leaks

According to James Glynn, Senior Economics Reporter Dow Jones/Wall Street Journal, "6 Spanish banks have been found to hold sufficient capital levels, while the remaining 8 that were stress tested will need more." Majors are unchanged 90m into the Japan open, with HK opening now, which should bring some wider moves.

Friday's London session will see Spanish current account being published, along with French GDP final at 05:30 GMT, followed by German retail sales 30 minutes later, French consumer spending and PPI 45 minutes after, Spanish CPI at 07:00 GMT, Italian PPI 1 hour later, EU and Italy CPI at 09:00 GMT, and ECB governing council member Asmussen to give a speech in Berlin at 11:00 GMT.
Read More
https://support.fxcc...nical/28092012/

UPCOMING EVENTS :
2012-09-28 07:00 GMT | Switzerland. KOF Leading Indicator
2012-09-28 12:30 GMT | Canada. Gross Domestic Product
2012-09-28 12:30 GMT | United States. Core Personal Consumption Expenditure - Prices Index
2012-09-28 13:55 GMT | United States. Reuters/Michigan Consumer Sentiment Index

FOREX NEWS :
2012-09-28 04:39 GMT | EUR/USD above 1.29 ahead of Spanish banking sector stress test results
2012-09-28 03:55 GMT | NZD/USD triggers stops above 0.8350
2012-09-28 02:35 GMT | USD selling off across the board
2012-09-28 01:54 GMT | USD/JPY on a dovish gradient - OCBC

--------------------
EURUSD : 1.29338 / 1.29342
DAILY WEEKLY MONTHLY

Image IPB

1.2995 | 1.2969 | 1.2944
1.2907 | 1.2884 | 1.2858

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


MARKET ANALYSIS - Intraday Analysis

Technical Summary: It seems that gradual decline from the major upside move expressed in correction formation comes to the end soon. Our next resistance level is the key point for the further uptrend development, if the market failed to break it today we expect to see decline below the suggested support level.Main scenario: Appreciation above the next resistance level at 1.2944 (R1) would suggest next targets at 1.2969 (R2) and 1.2995 (R3) for today and determine medium term bias. Alternative scenario: Bearish penetration below the support at 1.2907 (S1) would then targeting 1.2884 (S2) and 1.2858 (S3) intraday.

-----------------
GBPUSD : 1.62613 / 1.62623
DAILY WEEKLY MONTHLY

Image IPB

1.6294 | 1.6281 | 1.6269
1.6243 | 1.6231 | 1.6217

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


MARKET ANALYSIS - Intraday Analysis

Technical Summary: Yesterday positive tendency remains in power with the significant strengthening for the morning hours today. In near future we expect to see some consolidation and possibly pull back. However if it manage to stabilize above the next resistance level, market sentiment would be clearly bullish. Main scenario: Potential is seen for break above the 1.6269 level (R1) and open initial targets at 1.6281 (R2) and 1.6294 (R3) levels. Alternative scenario: Downside development remains for now limited by next support level at 1.6243 (S1), with only clear break here would be a signal of market weakening with next targets at 1.6231 (S2) and 1.6217(S3).

------------------
USDJPY : 77.533 / 77.538
DAILY WEEKLY MONTHLY

Image IPB

77.89 | 77.76 | 77.63
77.45 | 77.31 | 77.17

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


MARKET ANALYSIS - Intraday Analysis

Technical Summary: USDJPY almost reached our target at 77.45 and we expect further decline today as main scenario. It is clearly seen that pair broke sideways channel and volatility start gaining momentum on the hourly chart. Stochastic Oscillator is oversold and this is a good signal for the bearish market participants under the trend market conditions. Main scenario: Our next support locates at yesterday target – 77.45 (S1). Break here would open route towards to our next targets at 77.31 (S2) and 77.17 (S3). Alternative scenario: Appreciation above the next resistance level at 77.63 (R1) would suggest next targets at 77.76 (R2) and 77.89 (R3) on the upside part.

Source: FX Central Clearing Ltd,( ECN Forex Trading System | What Is Forex | Forex Live | FXCC )


#10 alayoua

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Posté 01 octobre 2012 - 10:42

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...nical/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

Image IPB

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

Image IPB

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

Image IPB

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 )


#11 alayoua

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Posté 02 octobre 2012 - 09:00

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...nical/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

Image IPB

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

Image IPB

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

Image IPB

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 )


#12 alayoua

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Posté 03 octobre 2012 - 08:36

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...nical/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

Image IPB

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

Image IPB

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

Image IPB

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)


#13 alayoua

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Posté 04 octobre 2012 - 07:00

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

Image IPB

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

Image IPB

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).

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USDJPY : 78.616 / 78.618
DAILY WEEKLY MONTHLY

Image IPB

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 )


#14 alayoua

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Posté 05 octobre 2012 - 07:17

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...nical/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

Image IPB

1.3098 | 1.3065 | 1.3032
1.2998 | 1.2962 | 1.2926

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


MARKET ANALYSIS - Intraday Analysis

Technical Summary: Bullish market sentiment remains in power today after the appreciation provided yesterday. United States Nonfarm Payrolls would be the main macroeconomic data release at 12:30 GMT. Main scenario: Brake above the resistance at 1.3032 (R1) would suggest next target at 1.3065 (R2) and any further gain would then be limited to 1.3098 (R3). Alternative scenario: Break below the support at 1.2998 (S1) might provide necessary space for retracement development. We suggest next target at 1.2962 (S2) and 1.2926 (S3) in potential.

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GBPUSD : 1.61941 / 1.61945
DAILY WEEKLY MONTHLY

Image IPB

1.6289 | 1.6246 | 1.6204
1.6165 | 1.6123 | 1.6079

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


MARKET ANALYSIS - Intraday Analysis

Technical Summary: At the moment GBPUSD deviate from its up-trend formation and such stabilization might extend its power to the London session ahead. Stochastic Oscillator is pointing up and both moving averages are bullish, so far we expect further strengthening as main scenario later on today. Main scenario: Next resistance is maintained at 1.6204 (R1), break here might open space for a move to test targets at 1.6246 (R2) and 1.6289 (R3) in potential. Alternative scenario: Decrease below the support at 1.6165 (S1) might expose next targets at 1.6123 (S2) and 1.6079 (S3).

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USDJPY : 78.391 / 78.395
DAILY WEEKLY MONTHLY

Image IPB

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 )


#15 alayoua

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Posté 08 octobre 2012 - 10:27

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...nical/08102012/


UPCOMING EVENTS :
2012-10-08 07:15 GMT | Switzerland. Consumer Price Index
2012-10-08 10:00 GMT | Germany. Industrial Production
2012-10-08 21:45 GMT | New Zealand. Electronic Card Retail Sales
2012-10-08 23:45 GMT | Japan. Trade Balance - BOP Basis

FOREX NEWS :
2012-10-08 04:44 GMT | EUR/USD weekly start below 1.30
2012-10-08 03:52 GMT | AUD/JPY again below 80 round
2012-10-08 03:25 GMT | EUR/JPY dive stalls around 102 round
2012-10-08 01:22 GMT | USD/JPY limited below 100 DMA

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EURUSD : 1.29880 / 1.29885
DAILY WEEKLY MONTHLY

Image IPB

1.3070 | 1.3042 | 1.3013
1.2968 | 1.2942 | 1.2915

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


MARKET ANALYSIS - Intraday Analysis
Technical Summary: Currently EURUSD trades on the negative side and we expect further consolidation development later on today as main scenario. However medium term tendency remains positive. Main scenario: Next upcoming support holds at 1.2968 (S1), break through here might take the pair towards to eventual targets located at 1.2942 (S2) and 1.2915 (S3) in potential. Alternative scenario: Price level at 1.3013 (R1) is a next attractive point for the uptrend penetration. If a break occur here we suggest gradual targets to be placed at 1.3042 (R2) and 1.3070 (R3).

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GBPUSD : 1.61085 / 1.61089
DAILY WEEKLY MONTHLY

Image IPB

1.6174 | 1.6153 | 1.6131
1.6094 | 1.6075 | 1.6053

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


MARKET ANALYSIS - Intraday Analysis
Technical Summary: Instrument has settled negative bias on the hourly timeframe. We expect gradual decline towards to our support levels as main scenario today. Main scenario: If the market manage to brake next support level at 1.6094 (S1), we might exposure of possible targets at 1.6075 (S2) and 1.6053 (S3) later on today. Alternative scenario: Next resistance ahead is seen at 1.6131 (R1). Rising up above this level would suggest next targets at 1.6153 (R2) and 1.6174 (R3) in potential

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USDJPY : 78.538 / 78.541
DAILY WEEKLY MONTHLY

Image IPB

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 )






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