Forex Technical & Market Analysis FXCC- Page 2

#61
alayoua
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2013-07-04T10:38:03Z

Forex Technical & Market Analysis FXCC Jul 04 2013

EUR - Beware of the ECB

Since the last ECB meeting, we have seen more improvements than deterioration in the Eurozone economy. In Germany specifically, consumer spending has been healthy, unemployment rolls have declined, leading to an improvement in business and investor confidence. However the strength was not without areas of weakness. Businesses and investors grew more optimistic about future economic activity but more grim about current activity. Considering that the current performance of the economy is what really matters, the ECB may look beyond everyone's hope for improvement. Also stronger service sector activity in the region's largest economy was offset by a deeper contraction in manufacturing. So as you can see the recovery in the Eurozone is uneven and when combined with a 5% sell-off in the DAX, since the last meeting the ECB has very little to be optimistic about.
https://support.fxcc.com/email/technical/04072013/

FOREX ECONOMIC CALENDAR :
2013-07-04 08:00 GMT | EMU. Gross Domestic Product s.a. (YoY)
2013-07-04 11:00 GMT | UK. BoE Interest Rate Decision
2013-07-04 11:45 GMT | EMU. ECB Interest Rate Decision
2013-07-04 12:30 GMT | EMU. ECB Monetary policy statement and press conference

FOREX NEWS :
2013-07-04 05:22 GMT | EUR/USD lingers at 1.30, awaits the ECB
2013-07-04 04:59 GMT | NZD/USD flat for the session unable to overcome the 0.78 handle
2013-07-04 04:17 GMT | GBP/USD retraces into 1.5250 post bullish engulfing day
2013-07-04 03:23 GMT | AUD/USD jumps on RBA Lowe's comments

EURUSD :
HIGH 1.30233 LOW 1.29875 BID 1.29937 ASK 1.29943 CHANGE -0.12% TIME 08 : 23:05

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Appreciation above the resistance at 1.3015 (R1) might commence new step of the ascending structure. Our intraday targets today are placed at 1.3035 (R2) and 1.3053 (R3). Downwards scenario: Risk of the downtrend development is seen below the support level at 1.2984 (S1). Weakening below this mark might clear the way towards to immediate supports at 1.2965 (S2) and 1.2945 (S3). ECB interest rate announcement is a key factor today.

Resistance Levels: 1.3015, 1.3035, 1.3053
Support Levels: 1.2984, 1.2965, 1.2945

GBPUSD :
HIGH 1.52831 LOW 1.52513 BID 1.52575 ASK 1.52583 CHANGE -0.13% TIME 08 : 23:06

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: Market remains relatively stable prior BOE interest rate decision, though clearance of next resistance level at 1.5293 (R1) might initiates bullish pressure. Above the local high locates our resistive means at 1.5316 (R2) and 1.5341 (R3). Downwards scenario: On the downside our focus is shifted to the next support level at 1.5238 (S1). Loss here is required to push the price towards to our next interim targets at 1.5213 (S2) en route towards to final support at 1.5186 (S3)

Resistance Levels: 1.5293, 1.5316, 1.5341
Support Levels: 1.5238, 1.5213, 1.5186

USDJPY :
HIGH 100.091 LOW 99.692 BID 99.847 ASK 99.849 CHANGE -0.04% TIME 08 : 23:07

OUTLOOK SUMMARY : Down
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Possibility of price progress is seen above the next resistance level at 100.15 (R1). Breakthrough here would suggest our interim target at 100.42 (R2) and then mark at 100.70 (R3) acts as last resistive measure for today. Downwards scenario: Negative developments might be settled below the important support level at 99.63 (S1). Any price action below it would then be targeting support at 99.36 (S2) and final target could be exposed at 99.09 (S3) mark.

Resistance Levels: 100.15, 100.42, 100.70
Support Levels: 99.63, 99.36, 99.09

Source: FX Central Clearing Ltd,( http://www.fxcc.com ÷ñÒ108...2õæ÷ )

#62
alayoua
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2013-07-05T10:20:25Z

Forex Technical & Market Analysis FXCC Jul 05 2013

EUR and GBP Crushed by ECB and BoE

Big moves are happening in the FX market yesterday. The euro and British pound dropped to 5 week lows against the U.S. dollar, taking out key levels in the process. The absence of U.S. traders most likely compounded the volatility in currencies. The European Central Bank and the Bank of England left monetary policy unchanged but Mario Draghi and Mark Carney made it clear that both central banks have a bias to ease. The dovish comments from European central bankers were motivated by the recent volatility in interest rates and a desire to set themselves apart from the Federal Reserve who is on a path to reduce stimulus. The ECB and the BoE wants everyone to know that they are still prepared to increase stimulus if the volatility in the bond markets persist or their economies weaken. In the Eurozone in particular, the EUR/USD dropped through 1.30 and 1.29. The currency started to fall as soon as Draghi said that policy will remains accommodative as long as needed, there are downside risks to their economic outlook and rates will stay low for an extended period of time. The sell-off gained momentum when the central bank took the unprecedented step of forward guidance. The ECB said there is no exit in sight, they are keeping rates low for an extended period of time, their decision will be data dependent and they are keeping an open mind on negative deposit rates. Draghi also reminded everyone that the central bank is "technically ready" for negative rates. They had an extensive discussion about the possibility of a rate cut and unanimously decided that the guidance was needed which included saying that 50bp is not the lower bound. The central bank is screaming their bias to ease from the top of the mountain - they don't want to leave any room for ambiguity because the risk could be a further rise in yields. Having dropped below 1.29, the next support for the EUR/USD should be at 1.28.
https://support.fxcc.com/email/technical/05072013/

FOREX ECONOMIC CALENDAR :
2013-07-05 10:00 GMT | Germany. Factory Orders n.s.a. (YoY)
2013-07-05 12:30 GMT | Canada. Unemployment Rate
2013-07-05 12:30 GMT | USA. Nonfarm Payrolls
2013-07-05 12:30 GMT | USA. Unemployment Rate

FOREX NEWS :
2013-07-05 04:51 GMT | EUR/GBP limited below 0.8580 asks
2013-07-05 04:46 GMT | NFP amid low liquidity; drastic moves ahead?
2013-07-05 04:22 GMT | GBP/USD hovering around 1.5050
2013-07-05 03:39 GMT | AUD/USD extends decline below 0.9130

EURUSD
HIGH 1.29166 LOW 1.28878 BID 1.28983 ASK 1.28988 CHANGE -0.12% TIME 08 : 24:40

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: The possibility of an upside price progress is seen above the resistance level at 1.2931 (R1). Evaluation above this mark might initiate bullish pressure and expose medium-term interim targets at 1.2952 (R2) and 1.2974 (R3). Downwards scenario: We placed our support level right above the yesterday low at 1.2881 (S1). Clearance here is required to open way towards to our interim target at 1.2862 (S2) and then final aim locates at 1.2842 (S3).

Resistance Levels: 1.2931, 1.2952, 1.2974
Support Levels: 1.2881, 1.2862, 1.2842

GBPUSD :
HIGH 1.50777 LOW 1.50268 BID 1.50465 ASK 1.50478 CHANGE -0.16% TIME 08 : 24:41

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: Nonfarm Payrolls announcement might change overall technical structure. We see potential to overcome our next resistive barrier at 1.5090 (R1). Any prolonged movement above it would suggest next intraday targets at 1.5120 (R2) and 1.5151 (R3). Downwards scenario: Risk of price depreciation is seen below the support level at 1.5024 (S1). A fall below it might prolong medium-term weakness towards to next support at 1.4992 (S2) and any further market decline would then be targeting final support at 1.4959 (S3).

Resistance Levels: 1.5090, 1.5120, 1.5151
Support Levels: 1.5024, 1.4992, 1.4959

USDJPY :
HIGH 100.458 LOW 99.999 BID 100.257 ASK 100.261 CHANGE 0.22% TIME 08 : 24:42

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Neutral tone dominates on the hourly chart frame. Local high offers an important resistive structure at 100.45 (R1). Any penetration above that level would suggest next targets at 100.68 (R2) and 100.90 (R3). Downwards scenario: Possible downside expansion is limited to the next support level at 100.15 (S1). Break here is required to open way towards to initial targets at 99.92 (S2) and 99.70 (S3).

Resistance Levels: 100.45, 100.68, 100.90
Support Levels: 100.15, 99.92, 99.70

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

#63
alayoua
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2013-07-08T10:11:11Z

ECB members had heated clash over last rate decision

ECB Governing Council members had a confrontational approach over interest rates at their latest board meeting on Thursday, according to German weekly Der Spiegel, citing no sources, the MNI newswire reports. Der Spiegel claims to have obtained insights over the dovish views from ECB chief economist Peter Praet, who proposed to cut the benchmark interest rate by 25 bp in the last meeting, an action that ECB President Mario Draghi would have supported.

However, as MNI reports, "seven board members, mainly from northern European member states, were arguing sharply against a rate cut last week, the magazine reported." Der Spiegel reports German Bundesbank President Jens Weidmann, Dutch central bank governor Klaas Knot as well as ECB Executive Board member Joerg Asmussen, as the most notoriously opposed to it. As is well known, the final decision taken by the board was to unanimously keep the benchmark rate unchanged at 0.5% while providing forward guidance on low rates. Draghi's said that "broad-based weakness in the real economy and subdued monetary dynamics" will keep rates at present or lower levels for an extended period of time.
https://support.fxcc.com/email/technical/08072013/

FOREX ECONOMIC CALENDAR :
24h | All. Eurogroup Meeting
2013-07-08 13:30 GMT | EMU. ECB President Draghi's Speech
2013-07-08 14:30 GMT | Canada. Bank of Canada Business Outlook Survey (Q2)
2013-07-08 19:00 GMT | USA. Consumer Credit Change

FOREX NEWS :
2013-07-08 04:59 GMT | Calls to buy USD all over; time to be sellers?
2013-07-08 04:26 GMT | GBP/USD strongly capped below 1.4900
2013-07-08 03:40 GMT | Buy AUD/NZD targeting 1.2130/70 - Societe Generale
2013-07-08 03:38 GMT | AUD/CAD depressed below 0.96 round

------------------------
EURUSD :
HIGH 1.28319 LOW 1.28106 BID 1.28169 ASK 1.28173 CHANGE -0.11% TIME 08 : 30:00

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Market players may prefer to stay neutral today during limited tier one macroeconomic data flow, though a break of our resistance at 1.2852 (R1) would suggest next targets at 1.2879 (R2) and 1.2905 (R3). Downwards scenario: Friday low offers a key support barrier at 1.2805 (S1). Only clear break here would be a signal of possible market easing towards to next targets at 1.2781 (S2) and 1.2757 (S3) in potential.

Resistance Levels: 1.2852, 1.2879, 1.2905
Support Levels: 1.2805, 1.2781, 1.2757

GBPUSD :
HIGH 1.48824 LOW 1.48582 BID 1.48765 ASK 1.48774 CHANGE -0.02% TIME 08 : 30:01

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Upside risk aversion is seen above the next resistance level at 1.4923 (R1). Appreciation above it might lead would enable corrective phase, targeting resistive measures at 1.4962 (R2) and 1.4999 (R3) in potential. Downwards scenario: On the other hand, if the pair accelerates on the downside and manage to break our next support level at 1.4853 (S1), it is likely to trigger our next support level at 1.4818 (S2) and 1.4782 (S3) later on today.

Resistance Levels: 1.4923, 1.4962, 1.4999
Support Levels: 1.4853, 1.4818, 1.4782

USDJPY :
HIGH 101.531 LOW 101.06 BID 101.095 ASK 101.100 CHANGE -0.08% TIME 08:30:02

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Uptrend evolvement remains in power. Further appreciation above the resistive barrier at 101.53 (R1) is liable to next intraday targets at 101.81 (R2) and 102.09 (R3). Downwards scenario: Possible retracement action might get more stimulus below the support level at 100.87 (S1). Loss here would suggest next intraday target at 100.58 (S2) and any weakening below it would then face final support at 100.28 (S3).

Resistance Levels: 101.53, 101.81, 102.09
Support Levels: 100.87, 100.58, 100.28

Source: FX Central Clearing Ltd,( http://www.fxcc.com ÷ñÒ162...2õæ÷ )

#64
alayoua
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2013-07-09T11:40:13Z

Forex Technical & Market Analysis FXCC Jul 09 2013

Troika approves next disbursment to Greece

Troika officials struck a deal with Greece this Monday, allowing the debt-laden country to receive its next tranche of funds, totalling The money, totaling 6.8bn euros ($8.7bn). The troika of the European Commission, the European Central Bank and the International Monetary Fund (IMF) will be responsible to make the funds available end of the month. Eurozone finance ministers indicated earlier today that 2.5bn euros would come from the eurozone rescue fund and 1.5bn euros, while the European Central Bank will contribute with another 1.5bn euros. It is thought that an additional 500m euros from both the EZ rescue fund and the ECB will be transferred in October. The IMF will add the remaining 1.8bn euros.

The loans are subject to Greece showing a committal approach towards the country's fiscal path, with the Troika demanding further cuts and a faster implementation of its reform programme, one that has brought the country to its knees. Despite so, the Troika continues to underline the slow progress seen so far, as the country continues to struggle through an era of depression.
https://support.fxcc.com/email/technical/09072013/

FOREX ECONOMIC CALENDAR :
24h | EcoFin Meeting
2013-07-09 08:30 GMT | UK. Manufacturing Production (YoY)
2013-07-09 12:15 GMT | Canada. Housing Starts s.a (YoY)
2013-07-09 14:00 GMT | UK. NIESR GDP Estimate (3M)

FOREX NEWS :
2013-07-09 04:52 GMT | GBP/USD stalls the recovery below 1.4950
2013-07-09 04:50 GMT | EUR/USD aiming at 2nd daily gain
2013-07-09 03:09 GMT | NZD/USD back around 0.78 post-China CPI
2013-07-09 03:02 GMT | AUD/JPY setting stage for a 92.50 breakout?

EURUSD :
HIGH 1.28711 LOW 1.2846 BID 1.28677 ASK 1.28683 CHANGE -0.01% TIME 08 : 33:00

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Instrument gained momentum on the upside recently, turning short-term bias to the positive side. Next resistive structure on the way lies at 1.2892 (R1), break here would suggest next intraday targets at 1.2909 (R2) and 1.2926 (R3). Downwards scenario: Failure to establish positive bias today would shift our focus to the next support level at 1.2844 (S1). Clearance here would open way towards to our initial targets at 1.2826 (S2) and 1.2806 (S3).

Resistance Levels: 1.2892, 1.2909, 1.2926
Support Levels: 1.2844, 1.2826, 1.2806

GBPUSD :
HIGH 1.4953 LOW 1.49199 BID 1.49434 ASK 1.49442 CHANGE -0.05% TIME 08 : 33:01

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Yesterday high offers a key resistive measure at 1.4968 (R1). If the price manages to overcome it we would suggest next intraday targets at 1.4999 (R2) and 1.5029 (R3). Downwards scenario: Any downside extension is limited now to the next support level at 1.4918 (S1). Below here we see potential for the price acceleration towards to next targets at 1.4884 (S2) and 1.4851 (S3).

Resistance Levels: 1.4968, 1.4999, 1.5029
Support Levels: 1.4918, 1.4884, 1.4851

USDJPY :
HIGH 101.243 LOW 100.768 BID 101.147 ASK 101.151 CHANGE 0.19% TIME 08 : 33:02

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Measures of resistance might be activating if the pair approaches 101.41 (R1) price level. Break here would suggest next interim target at 101.70 (R2) and If the price keeps its momentum we expect an exposure of 101.97 (R3). Downwards scenario: On the other hand, break below the support at 100.76 (S1) is required to enable further market decline. Our next supportive measures locates at 100.49 (S2) and 100.21 (S3).

Resistance Levels: 101.41, 101.70, 101.97
Support Levels: 100.76, 100.49, 100.21

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

#65
alayoua
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2013-07-12T10:00:48Z

Forex Technical & Market Analysis FXCC Jul 12 2013

ECB Monthly Report: Interest rates could be reduced further

The ECB signalized in its July Monthly Report that interest rates could be reduced further, should the price stability outlook warrant it. The recently introduced forward guidance was also included: “The Governing Council expects the key ECB interest rates to remain at present or lower levels for an extended period of time.” There was also some clarification of its time horizon: “The extended period of time over which the Governing Council currently expects the key ECB interest rates to remain at present or lower levels is a flexible horizon which does not pre-specify an end-date but is conditional on the Governing Council’s assessment of the economic fundamentals that determine underlying inflation."

Furthermore, the Council pointed to recent improvements in Eurozone sentiment indicators which suggest a gradual recovery of the economy later this year and in 2014. To support it, the ECB is prepared to maintain the accomodative monetary policy for as long as necessary. The accomodative policy should prop up domestic demand while the recovery in global demand should boost export growth in the area. Additionally, the Governing Council suggested that “the overall improvements in financial markets seen since last summer should work their way through to the real economy, as should the progress made in fiscal consolidation.”
https://support.fxcc.com/email/technical/12072013/

FOREX ECONOMIC CALENDAR :
2013-07-12 09:00 GMT | EMU. Industrial Production w.d.a. (YoY)
2013-07-12 12:30 GMT | USA. Producer Price Index (YoY)
2013-07-12 13:55 GMT | USA. Reuters/Michigan Consumer Sentiment
2013-07-12 17:00 GMT | USA. Fed's Bullard speech

FOREX NEWS :
2013-07-12 04:44 GMT | GBP/USD eases below 1.5200
2013-07-12 03:27 GMT | Gold below $1290, Oil above $104
2013-07-12 02:41 GMT | AUD/USD defending 0.9130 support
2013-07-12 01:42 GMT | USD/JPY breaks through stops at 99.10

-----------------
EURUSD :
HIGH 1.31002 LOW 1.30728 BID 1.30752 ASK 1.30756 CHANGE -0.16% TIME 08 : 26:43

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Fractals level at 1.3124 (R1) offers a key resistive measure on the downside. Break here is required to enable bearish pressure and validate next target at 1.3167 (R2). Final support for today locates at 1.3208 (R3). Downwards scenario: As long as price stays above the moving averages our medium-term outlook would be positive. Though extension lower the 1.3028 (S1) is being able to drive market price towards to initial supports at 1.2988 (S2) and 1.2945 (S3).

Resistance Levels: 1.3124, 1.3167, 1.3208
Support Levels: 1.3028, 1.2988, 1.2945

GBPUSD :
HIGH 1.5189 LOW 1.51666 BID 1.51702 ASK 1.51710 CHANGE -0.09% TIME 08 : 26:44

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: We are not expecting significant volatility increase today however appreciation above the resistive structure at 1.5222 (R1) might trigger bullish pressure and drive market price towards to next targets at 1.5250 (R2) and 1.5278 (R3). Downwards scenario: Next supportive mark locates at 1.5145 (S1). Depreciation below it might shift short-term tendency to the bearish side and validate our next targets at 1.5117 (S2) and 1.5088 (S3).

Resistance Levels: 1.5222, 1.5250, 1.5278
Support Levels: 1.5145, 1.5117, 1.5088

USDJPY :
HIGH 99.321 LOW 98.675 BID 99.048 ASK 99.048 CHANGE 0.11% TIME 08 : 26:45

OUTLOOK SUMMARY : Down
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: USDJPY trapped to the consolidation phase after the initial downtrend formation. Break of resistive level at 99.36 (R1) is required to enable recovery action. Our intraday targets are placed at 99.68 (R2) and 99.98 (R3). Downwards scenario: Though medium-term perspective remains negative for US Dollar. Next on tap is seen support level at 98.67 (S1), clearance here is required to enable lower targets at 98.36 (S2) and 98.06 (S3)

Resistance Levels: 99.36, 99.68, 99.98
Support Levels: 98.67, 98.36, 98.06

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

#66
alayoua
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2013-07-15T10:22:19Z

Forex Technical & Market Analysis FXCC Jul 15 2013

Fitch downgrades France to AA+ from AAA

Fitch Ratings has downgraded France to AA+ from AAA on Friday, keeping a stable outlook on the country's debt. Fitch, which joins S&P and Moody's in removing the country's AAA rating, cited the high level of the French government indebtedness as one of the main reasons of the downgrade. Fitch expects France's general government debt to peak at 96% of GDP in 2014 and decline only gradually over the long term, remaining at 92% in 2017. "The only 'AAA' country with a higher debt ratio is the U.S. (AAA/negative), which has exceptional financing flexibility and debt tolerance afforded by the preeminent global reserve currency status of the U.S. dollar," Fitch said in a statement.

Standard & Poor's has affirmed on Friday Germany's top triple-A sovereign credit rating, with a stable outlook. The rating agency justified its decision saying that “Germany has a highly diversified and competitive economy with a demonstrated ability to absorb large economic and financial shocks.” As far as the outlook on the long-term rating is concerned, S&P's decision to keep it 'stable' reflects their view that: “Germany's public finances and strong external balance sheet will continue to withstand potential financial and economic shocks.”
https://support.fxcc.com/email/technical/15072013/

FOREX ECONOMIC CALENDAR :
2013-07-15 07:15 GMT | Switzerland. Producer and Import Prices (YoY)
2013-07-15 12:00 GMT | USA. Fed's Tarullo speech
2013-07-15 12:30 GMT | USA. Retail Sales (MoM)
2013-07-15 22:45 GMT | New Zeland. Consumer Price Index (YoY)

FOREX NEWS :
2013-07-15 04:56 GMT | GBP/USD treading water above 1.5100
2013-07-15 03:49 GMT | AUD/USD exposed to 0.80/0.85 fall - RBS
2013-07-15 03:35 GMT | EUR/USD, 1.2930-80 key to technical outlook - BBH
2013-07-15 02:39 GMT | USD/JPY flat above 99.00 with Tokyo closed

---------------
EURUSD :
HIGH 1.3079 LOW 1.30513 BID 1.30773 ASK 1.30773 CHANGE 0.08% TIME 08:00:33

OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: With limited economic data flow today we expect further neutral tone development. However, price strengthening is possible above the next resistance level at 1.3092 (R1). Our interim target holds at 1.3124 (R2) en route to our final aim for today at 1.3157 (R3). Downwards scenario: Current price pattern suggests bearish potential if the pair manages to overcome next support level at 1.3044 (S1). Possible price regress could expose our initial targets at 1.3008 (S2) and 1.2974 (S3) later on today.

Resistance Levels: 1.3092, 1.3124, 1.3157
Support Levels: 1.3044, 1.3008, 1.2974

GBPUSD :
HIGH 1.51287 LOW 1.5098 BID 1.51257 ASK 1.51268 CHANGE 0.13% TIME 08:00:33

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Low

Upwards scenario: GBPUSD is approaching our next resistive barrier at 1.5141 (R1). Break here is required to prolong upside pressure and trigger our intraday targets at 1.5173(R2) and 1.5203 (R3) later on today. Downwards scenario: As long as price stays below the next resistance level our technical outlook would be negative. Next on tap is support level at 1.5088 (S1). Penetration below this mark would suggest next targets at 1.5059 (S2) and 1.5028 (S3).

Resistance Levels: 1.5141, 1.5173, 1.5203
Support Levels: 1.5088, 1.5059, 1.5028

USDJPY :
HIGH 99.383 LOW 99.074 BID 99.271 ASK 99.272 CHANGE 0.06% TIME 08:00:34

OUTLOOK SUMMARY : Neutral
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

Upwards scenario: On the upside potential is seen for a break above the resistance at 99.46 (R1). In such case we would suggest next target at 99.68 (R2) and any further rise would then be limited to final resistance at 99.90 (R3). Downwards scenario: On the other hand, loss of our support level at 99.03 (S1) would open road for a market decline towards to our next target at 98.83 (S2). Any further price weakening would then be limited to final support for today at 98.61 (S3).

Resistance Levels: 99.46, 99.68, 99.90
Support Levels: 99.03, 98.83, 98.61

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

#67
alayoua
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2013-07-16T11:26:52Z

Forex Technical & Market Analysis FXCC Jul 16 2013

Dovish ECB, soft US retail sales balance each other out. Waiting on Bernanke – again!

Dovish talk from the ECB undermined the Euro before the softer than expected US Retail Sales turned things around, sending the US dollar slightly lower. Markets are likely to be on hold ahead of Bernanke’s testimony to Congress although equities and commodities both looks solid in the short term. A mix of data out of the EU and the US could make it a bit choppy later in the day. Before then, the RBA Minutes will be Asia’s focus.

The Euro has had a choppy but mostly uninteresting session, hanging close to 1.3000 as the northern hemisphere summer doldrums look to be well upon us. Early dovish comments from the ECB’s Hansson, indicating that there is room to cut rates further and that negative interest rates should not be ruled out helped push the Euro lower early in the session, before a bit of a turnaround following the softer than expected US retail Sales, that saw the dollar come under some pressure of its own. Fitch downgraded the EFSF – European Financial Stability Facility- to AA+ from AAA, which, following on from the recent France downgrade, had precisely no effect on the Euro at all.
https://support.fxcc.com/email/technical/16072013/

FOREX ECONOMIC CALENDAR :
N/A | UK. BOE Inflation Letter
2013-07-16 08:30 GMT | UK. Consumer Price Index (YoY)
2013-07-16 09:00 GMT | EMU. Consumer Price Index (YoY
2013-07-16 12:30 GMT | USA. Consumer Price Index (YoY)

FOREX NEWS :
2013-07-16 04:46 GMT | GBP/USD stable above 1.51 ahead of UK&US CPI's
2013-07-16 04:25 GMT | EUR/USD pressing against 1.3080
2013-07-16 03:10 GMT | NZD/USD seen at 0.78 year end - BNZ
2013-07-16 02:07 GMT | AUD/USD targets 0.9188, dip buyers on the rise

-------------------------
EURUSD :
HIGH 1.30758 LOW 1.30527 BID 1.30716 ASK 1.30722 CHANGE 0.07% TIME 08 : 21:26

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Next barrier on the upside lie at 1.3092 (R1). Surpassing of this level might enable our initial target at 1.3132 (R2) and any further gains would then be limited to last resistive structure at 1.3171 (R3). Downwards scenario: On the other hand, clearance of our support at 1.3049 (S1) is required to determine negative intraday bias and enable lower target at 1.3010 (S2) and then any further market depreciation would suggest final support at 1.2969 (S3).

Resistance Levels: 1.3092, 1.3132, 1.3171
Support Levels: 1.3049, 1.3010, 1.2969

GBPUSD :
HIGH 1.51167 LOW 1.50909 BID 1.51066 ASK 1.51078 CHANGE 0.06% TIME 08 : 21:27

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

Upwards scenario: Neutral channel formation remains favored pattern on the hourly chart frame. Possible clearance of our next resistive barrier at 1.5132 (R1) would suggest next intraday targets at 1.5173 (R2) and 1.5216 (R3) in potential. Downwards scenario: Possible downside expansion is protected by support level at 1.5086 (S1), break here would put bullish oriented traders on hold. Marks at 1.5046 (S2) and 1.5004 (S3) acts as our initial targets today.

Resistance Levels: 1.5132, 1.5173, 1.5216
Support Levels: 1.5086, 1.5046, 1.5004

USDJPY :
HIGH 100.068 LOW 99.647 BID 99.805 ASK 99.807 CHANGE -0.03% TIME 08 : 21:27

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: USDJPY resumed its consolidation phase yesterday and we see potential for further appreciation towards to our targets at 100.33 (R2) and 100.60 (R3) if the price manages to overcome key resistance measure at 100.06 (R1). Downwards scenario: On the downside our attention is shifted to the immediate support level at 99.62 (S1). Break here is required to enable bearish forces and expose our intraday targets at 99.35 (S2) and 99.06 (S3).

Resistance Levels: 100.06, 100.33, 100.60
Support Levels: 99.62, 99.35, 99.06

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

#68
alayoua
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2013-07-18T10:22:03Z

Forex Technical & Market Analysis FXCC Jul 18 2013

Fed's Bernanke: Asset purchases not 'on a preset course'

According to the prepared text of Chairman Ben Bernanke's speech, to be delivered later today during his Semiannual Monetary Policy Report to the Congress, the pace of the Federal Reserve's bond purchases is not 'on a preset course', as it depends on the current economic and financial situation. The Fed head assured that signs of recovery are visible in the US labor market, but that “the jobs situation is far from satisfactory, as the unemployment rate remains well above its longer-run normal level.” He also pointed out that inflation is still below the Fed's 2% target. That is why “a highly accommodative monetary policy will remain appropriate for the foreseeable future.”

As far as QE is concerned, Bernanke stressed that the decision on when the tapering should begin depends on the Fed's assessment of the US economic outlook. Should economic data improve earlier than forecasted and inflation rise towards the objective, a reduction could be carried out sooner. Otherwise, “the current pace of purchases could be maintained for longer.” According to Rob Carnell from ING: ”This speech neither contradicts nor supports the notion that the taper begins in September. The taper might begin then. But as we have written elsewhere, there are quite good reasons why it may occur somewhat later. Not that it really matters all that much anyway – given that the Fed funds decision is one that will be taken independently from QE.”
https://support.fxcc.com/email/technical/18072013/

FOREX ECONOMIC CALENDAR :
2013-07-18 08:30 GMT | UK Retail Sales (YoY)
2013-07-18 12:30 GMT | US Initial Jobless Claims
2013-07-18 14:00 GMT | US Fed's Bernanke Speech
2013-07-18 23:50 GMT | Japan. Foreign bond investment

FOREX NEWS :
2013-07-18 04:52 GMT | GBP/USD breaks below 1.52 ahead of UK retail sales
2013-07-18 04:31 GMT | USD/JPY above 100 again ahead of Sunday's elections
2013-07-18 04:20 GMT | EUR/USD breaks 1.32, needs to clear 1.3180
2013-07-18 04:04 GMT | AUD/USD trips stop losses below 0.9170

EURUSD :
HIGH 1.31271 LOW 1.3091 BID 1.30962 ASK 1.30968 CHANGE -0.22% TIME 08 : 24:12

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: EURUSD stabilized on the hourly timeframe. Potential to move higher is seen above the next resistance level at 1.3147 (R1). Loss here would suggest next intraday targets at 1.3179 (R2) and 1.3210 (R3). Downwards scenario: Possible downside extension might face next supportive barrier at 1.3081 (S1). Clearance here is required to open the way towards to interim target at 1.3050 (S2) and any further price regress would then be targeting 1.3019 (S3).

Resistance Levels: 1.3147, 1.3179, 1.3210
Support Levels: 1.3081, 1.3050, 1.3019

GBPUSD :
HIGH 1.52232 LOW 1.51728 BID 1.51789 ASK 1.51799 CHANGE -0.21% TIME 08 : 24:12

OUTLOOK SUMMARY : Up
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: GBPUSD is approaching our next resistance level at 1.5223 (R1), keeping the ascending structure intact. The break here is required for the price appreciation towards to next target at 1.5252 (R2) and any further rise would then be targeting to 1.5281 (R3). Downwards scenario: On the downside next supportive bastion lies at 1.5152 (S1). Prolonged movement below it might then expose our intraday targets at 1.5124 (S2) and 1.5095 (S3).

Resistance Levels: 1.5223, 1.5252, 1.5281
Support Levels: 1.5152, 1.5124, 1.5095

USDJPY :
HIGH 100.18 LOW 99.463 BID 100.085 ASK 100.088 CHANGE 0.53% TIME 08 : 24:13

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Our next resistance level is placed at 100.22 (R1). Clearance here is required to resume uptrend structure towards to next target at 100.41 (R2) and any further price appreciation would then be limited to 100.61 (R3) mark. Downwards scenario: While instrument trades above the moving averages, our short-term bias would stay positive though penetration below the support level at 99.84 (S1) might open way towards to lower targets at 99.64 (S2) and 99.44 (S3).

Resistance Levels: 100.22, 100.41, 100.61
Support Levels: 99.84, 99.64, 99.44

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

#69
alayoua
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2013-07-19T06:45:03Z

Forex Technical & Market Analysis FXCC Jul 19 2013

Bernanke: Too early to say when tapering will start

Federal Reserve Chairman Ben Bernanke testified before the Congress for a second day on Thursday. While the introductory statement remained unchanged, investors didn't get new insights from the Q&A session before the Senate Banking Committee. When asked about the time the Fed will scale back its monthly bond-buying programme, he said "it's way too early to make any judgment" as the Fed wants to see sustainable improvement in labor markets. Bernanke also said he has broad support for his policy outlook through the Fed leadership. "We've not changed policy. We are not talking about tightening monetary policy", Bernanke said. He added that none of what the Fed has communicated about winding down its bond purchases implies tighter policy in the foreseeable future. Among other remarks, Bernanke said he doesn't see risks to financial stability from student debt, though he said it could have negative economic consequences in the long-term. "It is not particularly likely to cause any sharp instability of the sort we saw in the last few years", Bernanke said Thursday.
https://support.fxcc.com/email/technical/19072013

FOREX ECONOMIC CALENDAR :
24h | All. G20 Meeting
2013-07-19 06:00 GMT | Germany. Producer Price Index (YoY)
2013-07-19 08:30 GMT | UK. Public Sector Net Borrowing
2013-07-19 12:30 GMT | Canada. Consumer Price Index (YoY)

FOREX NEWS :
2013-07-19 04:48 GMT | GBP/USD surge capped below 1.5250
2013-07-19 04:08 GMT | EUR/USD knocking on the door of short-term break above 1.3205
2013-07-19 03:13 GMT | USD/JPY touches the 100 handle on Yen strength
2013-07-19 02:55 GMT | AUD/USD supported on broad USD weakness

---------------
EURUSD :
HIGH 1.31503 LOW 1.30891 BID 1.31386 ASK 1.31391 CHANGE 0.23% TIME 08 : 26:35

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Fresh high offers a key resistive barrier at 1.3151 (R1). Subsequently loss here might create upside momentum and drive market price towards to our initial targets at 1.3179 (R2) and 1.3204 (R3) in potential. Downwards scenario: Activation of bearish forces is possible below the support level at 1.3112 (S1). Clearance here would suggest next interim target at 1.3086 (S2) and if the price holds its momentum we would suggest final aim at 1.3060 (S3).

Resistance Levels: 1.3151, 1.3179, 1.3204
Support Levels: 1.3112, 1.3086, 1.3060

GBPUSD :
HIGH 1.52504 LOW 1.51963 BID 1.52323 ASK 1.52327 CHANGE 0.05% TIME 08 : 26:36

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Medium term bias remains positive however further market strengthening is required to clear resistive barrier at 1.5252 (R1). Next visible resistances are seen at 1.5281 (R2) and 1.5311 (R3). Downwards scenario: On the other hand, retracement formation might occur below the immediate support level at 1.5194 (S1). Clearance here would enable our next intraday targets at 1.5162(S2) and 1.5130 (S3).

Resistance Levels: 1.5252, 1.5281, 1.5311
Support Levels: 1.5194, 1.5162, 1.5130

USDJPY :
HIGH 100.866 LOW 99.809 BID 100.063 ASK 100.068 CHANGE -0.36% TIME 08 : 26:36

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Possibility of upwards action is seen above the next resistance level at 100.22 (R1). Clearance here is required to let the price achieve our higher intraday targets at 100.41 (R2) and 100.61 (R3). Downwards scenario: On the other side, bearish market sentiment could be created if the price manages to overcome our next support level at 99.80 (S1). A violation here might call for a run towards to lower targets at 99.62 (S2) and 99.43 (S3).

Resistance Levels: 100.22, 100.41, 100.61
Support Levels: 99.80, 99.62, 99.43

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

#70
alayoua
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2013-07-22T10:14:38Z

Forex Technical & Market Analysis FXCC Jul 22 2013

Portugal's president backs coalition government

Portugal president Aníbal Cavaco Silva on Sunday supported the current coalition government, saying they should stay till end of the term, ending weeks of political crisis in the country, which had led international actors to even threaten the country's €78 billion international bailout. "As the national salvation compromise was impossible to achieve, I consider that the best alternative solution is for the present government to remain in its functions, with reinforced guarantees of cohesion and solidity of the coalition, until the end of its term (in 2015)" Mr. Cavaco said. Further headlines were provided by Bloomberg, with Cavaco saying he "laments talks on ‘National salvation’ agreement failed to produce results", and that "agreement will eventually be imposed by reality in future."

Session in the Asia-Pacific to start the week opened with an early move higher in Yen that soon corrected to break even before Tokyo started trading, but then as soon as traders hit the floor the Yen rose again to as high as 99.57 of the USD/JPY pair. The Yen move became in broad USD weakness following Japan PM Abe's upper house win, taking EUR/USD to session highs at 1.3170, AUD/USD to 0.9228, and Cable to 1.5298. Nikkei index opened in the 14750 region but soon eased to break even shy of 14600. Gold and Silver broke higher above key $1300 resistance in case of Gold, while Oil remained above the $108 handle. Local share markets traded mixed with China mainland and Japan in the negative, while Australia and Korea still in the positive.
https://support.fxcc.com/email/technical/22072013/

FOREX ECONOMIC CALENDAR :
2013-07-22 07:00 GMT | Stitzerland. Monthly Statistical Bulletin (Jul)
2013-07-22 12:30 GMT | USA. Chicago Fed National Activity Index (Jun)
2013-07-22 14:00 GMT | USA. Existing Home Sales Change (Jun)
2013-07-22 15:30 GMT | USA. 6-Month Bill Auction

FOREX NEWS :
2013-07-22 04:53 GMT | AUD/USD, 0.93 to mark a cap in the recovery - BBH
2013-07-22 04:47 GMT | GBP/USD capped below 1.53 ahead of London
2013-07-22 04:45 GMT | AUD/JPY to peak at 94.00 in September - NAB
2013-07-22 04:33 GMT | EUR/USD holding gains above 1.3150

EURUSD :
HIGH 1.31694 LOW 1.31329 BID 1.31529 ASK 1.31534 CHANGE 0.09% TIME 08 : 19:28

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Apparently market sentiment is positive for the EURUSD as both moving averages are pointing up. Clearance of our resistance at 1.3178 (R1) would clear the way for an upside penetration towards to next visible targets at 1.3201 (R2) and 1.3224 (R3). Downwards scenario: Prolonged movement below the supportive measure at 1.3130 (S1) is required to activate downtrend expansion. Next aim on the way would be mark at 1.3105 (S2) and then final target could be met at 1.3081 (S3).

Resistance Levels: 1.3178, 1.3201, 1.3224
Support Levels: 1.3130, 1.3105, 1.3081

GBPUSD :
HIGH 1.52971 LOW 1.52577 BID 1.52831 ASK 1.52842 CHANGE 0.13% TIME 08 : 19:29

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Low

Upwards scenario: Further uptrend development is limited now to the next resistive measure at 1.5311 (R1). Clearance here is required to enable our interim target at 1.5341 (R2) en route to final aim at 1.5372 (R3). Downwards scenario: On the other hand, depreciation below the technically important support level at 1.5246 (S1) might lead to the correction formation on the short-term perspective. Possible targets lies at 1.5213 (S2) and 1.5182 (S3).

Resistance Levels: 1.5311, 1.5341, 1.5372
Support Levels: 1.5246, 1.5213, 1.5182

USDJPY :
HIGH 100.62 LOW 99.608 BID 100.041 ASK 100.044 CHANGE -0.6% TIME 08 : 19:29

OUTLOOK SUMMARY : Neutral
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

Upwards scenario: Possibility of market strengthening is seen above the resistance level at 100.18 (R1). Clearance here is required to validate next interim target at 100.36 (R2) and any further rise would then be targeting mark at 100.55 (R3). Downwards scenario: On the downside, support level at 99.80 (S1) limits possible downtrend expansion. Break here is required to enable lower target at 99.63 (S2) en route to final aim at 99.45 (S3).

Resistance Levels: 100.18, 100.36, 100.55
Support Levels: 99.80, 99.63, 99.45

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

#71
alayoua
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2013-07-23T10:49:15Z

Forex Technical & Market Analysis FXCC Jul 23 2013

Bank of Japan stands ready to inject further stimulus

The Bank of Japan is prepared to provide further easing to the economy should signs fail to emerge about an economic recovery, including an inflation mandate of 2% in the short-run. According to BoJ board member Takehiro Sato, more stimulus is a real possibility if the economy's recovery is threatened, naming a few risks such as slower-than-expected growth in China. "A high degree of uncertainty remains concerning the global economy, and I see risks to the economic outlook as somewhat tilted to the downside," Sato said.

"The BOJ does not exclude the implementation of additional measures and will not hesitate to fine-tune its policies flexibly when unexpected tail risks materialise," Sato added in a speech to business leaders in Fukushima, northeastern Japan. Sato also said the 2% inflation should be seen as a flexible target, subject to change in the 2-year projections, a timeframe which had been repeatedly mentioned by BOJ governor Haruhiko Kuroda in past meetings. "If the inflation rate is projected to stabilise within a certain range, with the median being 2 per cent price growth, the main objective of the bank's policy will have been fulfilled," Sato said. Mr Sato, an economist who joined the BOJ board last year, was nonetheless more optimistic about japan’s economy from a year earlier, saying a recovery was "coming into view", presenting a "window of opportunity" to overcome deflation.
https://support.fxcc.com/email/technical/23072013/

FOREX ECONOMIC CALENDAR :
2013-07-23 08:30 GMT | UK. BBA Mortgage Approvals
2013-07-23 12:30 GMT | Canada. Retail Sales
2013-07-23 13:00 GMT | USA. Housing Price Index
2013-07-23 14:00 GMT | EMU. Consumer Confidence

FOREX NEWS :
2013-07-23 03:27 GMT | EUR/JPY back around 131.50 on Euro strength
2013-07-23 02:55 GMT | AUD/USD struggling above 0.9280 highs
2013-07-23 02:42 GMT | GBP/USD conquers 1.5304 resistance – now targeting key level at 1.5432
2013-07-23 02:16 GMT | EUR/USD faces risk for extension into 1.20/1.18 - JPMorgan

EURUSD :
HIGH 1.32072 LOW 1.31827 BID 1.31970 ASK 1.31975 CHANGE 0.09% TIME 08 : 37:12

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Yesterday high at 1.3217 (R1) limits further uptrend establishment. Break here is required to enable next interim target at 1.3243 (R2) en route towards to final aim for today at 1.3268 (R3). Downwards scenario: Depreciation below the support level at 1.3177 (S1) would suggest next intraday target at 1.3152 (S2) and any further weakening would then be limited to final support level at 1.3126 (S3).

Resistance Levels: 1.3217, 1.3243, 1.3268
Support Levels: 1.3177, 1.3152, 1.3126

GBPUSD :
HIGH 1.53767 LOW 1.53548 BID 1.53667 ASK 1.53673 CHANGE 0.05% TIME 08 : 37:13

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Fractal level at 1.5385 (R1) offers next resistive barrier. Penetration above that mark might trigger upside pressure and expose our next resistive mean at 1.5415 (R2) en route towards to final target for today at 1.5445 (R3). Downwards scenario: Though, possibility of correction is high. Price devaluation below the support at 1.5345 (S1) would initiate bearish pressure. On the way our next interim support at 1.5315 (S2) en route to final target at 1.5285 (S3).

Resistance Levels: 1.5385, 1.5415, 1.5445
Support Levels: 1.5345, 1.5315, 1.5285

USDJPY :
HIGH 99.68 LOW 99.143 BID 99.465 ASK 99.467 CHANGE -0.2% TIME 08 : 37:13

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: USDJPY remains under the consolidation mode after the initial uptrend formation. Strengthening above the next resistive structure at 99.70 (R1) might activate medium-term bullish pressure and expose our intraday targets at 99.86 (R2) and 100.02 (R3). Downwards scenario: Further downside expansion might face next hurdle at 99.28 (S1). Break here is liable to initiate stronger bearish pressure and validate our immediate targets at 99.13 (S2) and 98.98 (S3) in potential.

Resistance Levels: 99.70, 99.86, 100.02
Support Levels: 99.28, 99.13, 98.98

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

#72
alayoua
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2013-07-24T11:32:31Z

Forex Technical & Market Analysis FXCC Jul 24 2013

China sets 7% growth as bottom line, eyes fresh stimulus

Chinese Premier Li Keqiang provided a juicy headline during Tuesday, suggesting the country may have to rethink its 'non-stimulatory' monetary policies should the economic growth fall below 7%, according to local media reports. Mr Li said that 7% is seen as the 'bottom line', and if target not met, there will be other options on the table as the government cannot afford the growth rate to deteriorate further, Xinhua News Agency reported. According to Beijing News, Mr. Li added: "As long as the economic growth rate, employment and other indicators don't slip below our lower limit and inflation doesn't exceed our upper limit we'll focus on restructuring and pushing reforms." As Ambrose Evans-Pritchard from the Telegraph notes: "Mr Li's comments suggest a major shift in policy by Beijing, which has deliberately engineered a slow-down over recent months by squeezing credit. The government has been rattled by upheavals in the interbank market and has begun to heed warnings that the crackdown has gone too far."
https://support.fxcc.com/email/technical/24072013/

FOREX ECONOMIC CALENDAR :
2013-07-24 07:58 GMT | EMU. Markit Manufacturing PMI
2013-07-24 12:58 GMT | USA. Markit Manufacturing PMI
2013-07-24 14:00 GMT | USA. New Home Sales
2013-07-24 21:00 GMT | New Zeland. RBNZ Interest Rate Decision

FOREX NEWS :
2013-07-24 05:02 GMT | EUR/GBP shuffling sideways after Tuesday’s bounce ahead of Euro-data
2013-07-24 04:25 GMT | AUD/USD, 0.8870/0.8770 next important target - JPMorgan
2013-07-24 04:11 GMT | GBP/USD slips after Chinese data. Overbought correction starting?
2013-07-24 03:07 GMT | USD/JPY proving 99.50 as strong support

EURUSD :
HIGH 1.32267 LOW 1.31986 BID 1.32055 ASK 1.32060 CHANGE -0.14% TIME 08 : 39:11

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Despite the price is tested negative territory today further market strengthening is possible. Clearance of our next resistance level at 1.3230 (R1) would suggest next initial targets at 1.3248 (R2) and 1.3264 (R3). Downwards scenario: On the downside we put our attention to the next support level at 1.3197 (S1). Loss here is required to push the price towards to our next interim targets at 1.3180 (S2) en route towards to final support at 1.3162 (S3)

Resistance Levels: 1.3230, 1.3248, 1.3264
Support Levels: 1.3197, 1.3180, 1.3162

GBPUSD :
HIGH 1.53782 LOW 1.5352 BID 1.53581 ASK 1.53585 CHANGE -0.07% TIME 08 : 39:11

OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Volatility increase on the upside is required to push the price through key resistive measure at 1.5385 (R1). In such scenario we would suggest next targets at 1.5406 (R2) and 1.5427 (R3). Downwards scenario: Negative developments might be settled below the important support level at 1.5345 (S1). Any price action below it would then be targeting support level at 1.5326 (S2) and then final target could be exposed at 1.5305 (S3).

Resistance Levels: 1.5385, 1.5406, 1.5427
Support Levels: 1.5345, 1.5326, 1.5305

USDJPY :
HIGH 99.8 LOW 99.384 BID 99.711 ASK 99.713 CHANGE 0.3% TIME 08 : 39:12

OUTLOOK SUMMARY : Down
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Immediate resistance at 99.81 (R1) remains in near-term focus, climb above this level might open way for a recovery action towards to next interim target at 99.93 (R2) and any further rise would then be limited to final resistive measure at 100.06 (R3) Downwards scenario: Clearance of our next support level at 99.59 (S1) is required to enable further trend evolvement on a slightly longer term perspective. Our support levels locates today at 99.46 (S2) and 99.33 (S3).

Resistance Levels: 99.81, 99.93, 100.06
Support Levels: 99.59, 99.46, 99.33

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

#73
alayoua
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2013-07-25T11:16:05Z

Forex Technical & Market Analysis FXCC Jul 25 2013

Greece one step away from bailout payment

According to the German finance ministry, Greece has completed 21 out of the 22 measures required by the international lenders in exchange for the next bailout payment. The country still has to implement the “mobility scheme” which involves a transfer or dismissal of 12,500 public workers within a year. The measure is expected to be fulfilled until tomorrow. Ryan Littlestone from ForexLive believes that the Troika will finally approve the next bailout payment for Greece, despite the impediments: “Seeing as they've never backed down from hand over cash to Greece there's little chance of this episode failing.”
https://support.fxcc.com/email/technical/25072013/

FOREX ECONOMIC CALENDAR :
2013-07-25 08:30 GMT | UK. Gross Domestic Product (YoY)
2013-07-25 12:30 GMT | USA. Durable Goods Orders (Jun)
2013-07-25 12:30 GMT | USA. Initial Jobless Claims
2013-07-25 23:30 GMT | Japan. National Consumer Price Index (YoY)

FOREX NEWS :
2013-07-25 04:53 GMT | EUR/USD rally paused for a day. More upside to come or is correction just starting?
2013-07-25 04:45 GMT | USD/CAD eyes 1.0660 as next target - JPMorgan
2013-07-25 04:30 GMT | GBP/USD holds above 1.53 ahead of UK GDP
2013-07-25 02:57 GMT | USD/JPY slipping Thursday after a bounce on Wednesday; major resistance looms

EURUSD :
HIGH 1.3221 LOW 1.31877 BID 1.32137 ASK 1.32140 CHANGE 0.1% TIME 08 : 32:34

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Recent price acceleration on the upside suggests short-term positive bias. Possible penetration above the resistance level at 1.3230 (R1) is liable to open way towards to our initial targets at 1.3248 (R2) and 1.3264 (R3). Downwards scenario: Risk of price depreciation is seen below the support level at 1.3197 (S1). A fall below it might prolong medium-term weakness towards to next support at 1.3180 (S2) and any further market decline would then be targeting final support at 1.3162 (S3).

Resistance Levels: 1.3230, 1.3248, 1.3264
Support Levels: 1.3197, 1.3180, 1.3162

GBPUSD :
HIGH 1.53442 LOW 1.5305 BID 1.53378 ASK 1.53387 CHANGE 0.17% TIME 08 : 32:35

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: A violation of next resistance at 1.5352 (R1) might call for a run towards to next target at 1.5375 (R2) and any further appreciation would then be limited to final target at 1.5397 (R3). Downwards scenario: Possible downside expansion is limited to the next support level at 1.5324 (S1). Break here is required to open way towards to initial targets at 1.5301 (S2) and 1.5278 (S3).

Resistance Levels: 1.5352, 1.5375, 1.5397
Support Levels: 1.5324, 1.5301, 1.5278

USDJPY :
HIGH 100.456 LOW 99.876 BID 99.972 ASK 99.974 CHANGE -0.27% TIME 08 : 32:36

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: Possible upwards formation is limited to resistive measure at 100.06 (R1). A break above it would suggest next intraday target at 100.18 (R2) and if the price holds its momentum we can expect price increase towards to final resistance at 100.30 (R3). Downwards scenario: In order to prolong downside extension, USDJPY should successfully retest our support level at 99.86 (S1). Below it locates our intraday targets at 99.74 (S2) and 99.62 (S3).

Resistance Levels: 100.06, 100.18, 100.30
Support Levels: 99.86, 99.74, 99.62

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

#74
alayoua
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2013-07-26T08:41:49Z

Forex Technical & Market Analysis FXCC Jul 26 2013

What does Japan CPI rise mean for the BoJ?

In a clear sign of temporary victory by 'Abenomics' radical policies, Japan printed the sharpest rise in core inflation in almost 5 years, with the read out at +0.4% y/y vs 0.3% exp. The rest of indicators were also encouraging. ne of the top priorities by Japan is to end a 15-year deflation cycle, so that the country can start to develop a self-sustaining recovery. In large part, this is the main reason behind the radical ultra-loose monetary policy being currently deployed by the BoJ, which has committed to double the amount the central bank purchases in Japanese government debt. The country will continue to actively assess how these increases in price pressure - still minimal - are having an impact on the mindset of the population, potentially leading to support more credit, spending and rise in salaries. However, as IFR Markets Editor Amanda Tan notes, "a planned sales tax hike in April next year - from 5% to 8% - poses a downside risk to spending & sentiment, particularly if wages don't start to rise."
https://support.fxcc.com/email/technical/26072013/

FOREX ECONOMIC CALENDAR :
2013-07-26 06:00 GMT | Germany. Import Price Index
2013-07-26 06:00 GMT | UK. Nationwide Housing Prices n.s.a
2013-07-26 13:55 GMT | USA. Reuters/Michigan Consumer Sentiment Index

FOREX NEWS :
2013-07-26 04:58 GMT | EUR/GBP lurking below Fibonacci resistance at 0.8631 and 0.8646 ahead of data
2013-07-26 04:28 GMT | GBP/USD pares all loses post-UK GDP dump
2013-07-26 02:46 GMT | EUR/USD higher on the back of broad USD weakness
2013-07-26 02:43 GMT | USD/JPY breaking lower, lowest at 98.70

----------------------------
EURUSD :
HIGH 1.32889 LOW 1.32687 BID 1.32787 ASK 1.32790 CHANGE 0.02% TIME 08 : 36:57

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: EURUSD commenced new step of uptrend formation. Possibility of further market appreciation is seen above the resistance level at 1.3296 (R1). Break here is required to validate next targets at 1.3316 (R2) and 1.3336 (R3). Downwards scenario: Any downside extension is limited now to the next support level at 1.3257 (S1). Below here we see potential for the price acceleration towards to next targets at 1.3237 (S2) and 1.3217 (S3).

Resistance Levels: 1.3296, 1.3316, 1.3336
Support Levels: 1.3257, 1.3237, 1.3217

GBPUSD :
HIGH 1.54058 LOW 1.53732 BID 1.53913 ASK 1.53920 CHANGE 0.03% TIME 08 : 36:57

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

Upwards scenario: While price is traded above the moving averages short-term bias would be considered as bullish. Next on tap is resistive barrier at 1.5419 (R1) on the way towards to higher targets at 1.5445 (R2) and 1.5470 (R3). Downwards scenario: On the other hand, break below the support at 1.5370 (S1) is required to enable further market decline. Our next supportive measures locates at 1.5343 (S2) and 1.5316 (S3).

Resistance Levels: 1.5419, 1.5445, 1.5470
Support Levels: 1.5370, 1.5343, 1.5316

USDJPY :
HIGH 99.402 LOW 98.626 BID 98.766 ASK 98.771 CHANGE -0.52% TIME 08 : 36:58

OUTLOOK SUMMARY : Down
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

Upwards scenario: USDJPY gained momentum on the downside and likely will close on the negative territory today. However clearance of our next resistive structure at 98.94 (R1) would open way towards to our initial target at 99.11 (R2) and any further market rise would then be targeting 99.29 (R3). Downwards scenario: On the other side, a dip below the initial support level at 98.53 (S1) is liable to trigger protective orders execution and drive market price towards to supportive means at 98.38 (S2) and 98.21 (S3).

Resistance Levels: 98.94, 99.11, 99.29
Support Levels: 98.53, 98.38, 98.21

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

#75
alayoua
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2013-07-29T10:28:25Z

Forex Technical & Market Analysis FXCC Jul 29 2013

Japan's PM Abe rethinks sales tax hike; inflation case strengthens?

Japan's most significant fiscal reform in years, that is, a planned hike from 5% to 8% in sales tax by April 2014, faces the prospects of being delayed or watered down as concerns mount the tax increase may do more harm than good to the delicate economic recovery in the country. According to a report from Reuters earlier on Monday: "PM Abe says he will decide in the autumn whether to proceed with the first part of the two-stage plan after gauging the state of the economic recovery, especially GDP data that is due on Sept 9."
https://support.fxcc.com/email/technical/29072013/

FOREX ECONOMIC CALENDAR :
N/A | Bank of Japan Governor Kuroda Speech
2013-07-29 08:30 GMT | UK. Mortgage Approvals
2013-07-29 14:00 GMT | US. Pending Home Sales (YoY)
2013-07-29 23:50 GMT | Japan. Industrial Production (YoY)

FOREX NEWS :
2013-07-29 05:20 GMT | USD/JPY pulling back after Kuroda headlines make the rounds
2013-07-29 04:50 GMT | GBP/USD capped below big 1.54 figure
2013-07-29 04:44 GMT | EUR/USD approaching flat line for the session after initial upside
2013-07-29 04:09 GMT | AUD/JPY hovering above Friday’s lows of 90.56. Target 89.39, but will it bounce first?

EURUSD
HIGH 1.32936 LOW 1.32735 BID 1.32770 ASK 1.32775 CHANGE -0.01% TIME 08 : 34:38

OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Market took a breath after last days gains. Though possible clearance of our next resistive barrier at 1.3297 (R1) would suggest next intraday targets at 1.3316 (R2) and 1.3333 (R3) in potential. Downwards scenario: Fractal level, formed on the 24-07-2013 provides an important supportive mark at 1.3256 (S1). Any penetration below this level would suggest next targets at 1.3237 (S2) and 1.3217 (S3) in potential.

Resistance Levels: 1.3297, 1.3316, 1.3333
Support Levels: 1.3256, 1.3237, 1.3217

GBPUSD :
HIGH 1.54043 LOW 1.53747 BID 1.53816 ASK 1.53823 CHANGE 0.08% TIME 08 : 34:39

OUTLOOK SUMMARY : Neutral
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

Upwards scenario: Further positive bias development would face next resistive measure at 1.5419 (R1). If the price manages to overcome it we would suggest next intraday targets at 1.5445 (R2) and 1.5470 (R3). Downwards scenario: Possible recovery action might get acceleration below the support level at 1.5370 (S1). Loss here would suggest next intraday target at 1.5343 (S2) and any weakening below it would then be limited to final support at 1.5316 (S3).

Resistance Levels: 1.5419, 1.5445, 1.5470
Support Levels: 1.5370, 1.5343, 1.5316

USDJPY :
HIGH 98.34 LOW 97.633 BID 97.880 ASK 97.880 CHANGE -0.37% TIME 08 : 34:40

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Medium term bias remains negative and possible price appreciation is limited to resistive barrier at 98.21 (R1). Prolonged movement above that level would suggest next intraday targets at 98.46 (R2) and 98.71 (R3). Downwards scenario: Further market weakening is protected by important technical level at 97.63 (S1). Break here is required to open road towards to interim target at 97.39 (S2) en route to final aim at 97.14 (S3).

Resistance Levels: 98.21, 98.46, 98.71
Support Levels: 97.63, 97.39, 97.14

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

#76
alayoua
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2013-07-30T11:57:59Z

Forex Technical & Market Analysis FXCC Jul 30 2013

RBA Stevens speech recap: Still some scope to ease after last CPI

Governor of the RBA, Glenn Stevens, is giving his annual speech to The Anika Foundation Luncheon in Sydney, and some explosive comments are now crossing the wires. The topic of the speech is current issues in economic policy. According to RBA's Stevens, long rise in mining investment is now over, saying that coming fall could be "quite big". Stevens said that easing is working to shift investors to taking some more risk, adding that shift in risk taking not yet a serious impediment to further policy easing. Stevens remained dovish on his tone, saying that "still has some scope to ease after inflation data." On the Aussie value, Stevens wouldn't be surprised if it falls further, as "the fall makes economic sense."
https://support.fxcc.com/email/technical/30072013/

FOREX ECONOMIC CALENDAR :
2013-07-30 09:00 GMT | EMU. Consumer Confidence (Jul)
2013-07-30 12:00 GMT | Germany. Consumer Price Index (YoY)
2013-07-30 14:00 GMT | US. Consumer Confidence (Jul)
2013-07-30 23:13 GMT | Japan. Nomura/ JMMA Manufacturing Purchasing Manager Index (Jul)

FOREX NEWS :
2013-07-30 05:38 GMT | AUD/JPY slashes below key support at 89.39 on Stevens comments
2013-07-30 05:05 GMT | AUD/USD craters below recent trading range on Stevens’ speech
2013-07-30 05:03 GMT | NZD/USD breaks below 0.80 following RBA Stevens
2013-07-30 03:51 GMT | USD/JPY explodes towards 98.40/50 stops

EURUSD :
HIGH 1.32661 LOW 1.32474 BID 1.32587 ASK 1.32590 CHANGE -0.03% TIME 08 : 40:16

OUTLOOK SUMMARY : Up
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Market trapped to the consolidation phase after initial uptrend development. Further buying interest might occur above the resistance at 1.3273 (R1). Our initial targets locates at 1.3288 (R2) and 1.3304 (R3) Downwards scenario: If the price manages to clear an important technical level at 1.3247 (S1), recovery action might get more stimulus. Our next support levels locates at 1.3232 (S2) and 1.3217 (S3).

Resistance Levels: 1.3273, 1.3288, 1.3304
Support Levels: 1.3247, 1.3232, 1.3217

GBPUSD :
HIGH 1.53438 LOW 1.53152 BID 1.53391 ASK 1.53398 CHANGE 0% TIME 08 : 40:17

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: GBPUSD is approaching our next resistive barrier at 1.5345 (R1). Break here is required to prolong upside pressure and trigger our intraday targets at 1.5360 (R2) and 1.5376 (R3) later on today. Downwards scenario: Further downtrend expansion might face next hurdle at the local low- 1.5314 (S1). Break here is required to open road towards to our next interim target at 1.5299 (S2) en route to final aim at 1.5283 (S3).

Resistance Levels: 1.5345, 1.5360, 1.5376
Support Levels: 1.5314, 1.5299, 1.5283

USDJPY :
HIGH 98.463 LOW 97.849 BID 98.372 ASK 98.376 CHANGE 0.43% TIME 08 : 40:17

OUTLOOK SUMMARY : Down
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Medium term bias is clearly negative however we expect resuming of the recovery action if the price manages to overcome key resistive bastion at 98.46 (R1). In such case we would suggest next intraday targets at 98.71 (R2) and 98.96 (R3). Downwards scenario: Our next support level locates at 97.99 (S1) mark. Possible penetration below this mark would open way towards to next target at 97.73 (S2) and then final aim lie at 97.47 (S3) price level.

Resistance Levels: 98.46, 98.71, 98.96
Support Levels: 97.99, 97.73, 97.47

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

#77
alayoua
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2013-07-31T11:34:01Z

Forex Technical & Market Analysis FXCC Jul 31 2013

The world awaits the FOMC decision and statements

Unlike many of the recent Fed meetings, Today’s meeting will feature only the FOMC’s decision and accompanying statement – but still the world is watching. Today’s interest rate decision will only be accompanied by their official statement regarding their decision. Traders and analysts are hoping for more guidance on the Fed’s plans regarding their bond buying program.
https://support.fxcc.com/email/technical/31072013/

FOREX ECONOMIC CALENDAR :
2013-07-31 09:00 GMT | EMU. Consumer Price Index - Core (YoY)
2013-07-31 12:30 GMT | USA. Gross Domestic Product Annualized (Q2)
2013-07-31 18:00 GMT | USA. Fed Interest Rate Decision
2013-07-31 18:00 GMT | USA. Fed's Monetary Policy Statement and press conference

FOREX NEWS :
2013-07-31 04:43 GMT | Today is the big day, USD to be pressured - SocGen
2013-07-31 04:29 GMT | FOMC client survey results; most hold USD longs - Nomura
2013-07-31 04:25 GMT | NZD/USD holding above 0.7950 while capped below 0.80
2013-07-31 04:04 GMT | USD to strengthen as 'dovish' Fed priced in - RBS

EURUSD :
HIGH 1.3268 LOW 1.32517 BID 1.32572 ASK 1.32577 CHANGE -0.04% TIME 08 : 46:29

OUTLOOK SUMMARY : Neutral
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: All supports and resistances remains the same today. Mark at 1.3273 (R1) acts as next resistive barrier on the way if the pair keeps it upside potential. Break here is required to achieve higher targets at 1.3288 (R2) and 1.3304 (R3) later on today. Downwards scenario: On the other side, depreciation below the support at 1.3247 (S1) might shift short-term tendency to the bearish side and validate our intraday targets at 1.3232 (S2) and 1.3217(S3).

Resistance Levels: 1.3273, 1.3288, 1.3304
Support Levels: 1.3247, 1.3232, 1.3217

GBPUSD :
HIGH 1.52434 LOW 1.52185 BID 1.52244 ASK 1.52250 CHANGE -0.09% TIME 08 : 46:30

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: Instrument gained momentum on the downside recently, turning short-term bias to the negative side. Though, upwards penetration above the resistance at 1.5252 (R1) might enable bullish forces and expose our initial targets at 1.5267 (R2) and 1.5282 (R3). Downwards scenario: On the other side, depreciation below the support barrier at 1.5215 (S1) might provide sufficient space for the recovery action. In such case we would suggest next intraday targets at 1.5205 (S2) and then 1.5186 (S3).

Resistance Levels: 1.5252, 1.5267, 1.5282
Support Levels: 1.5215, 1.5205, 1.5186

USDJPY :
HIGH 98.162 LOW 97.847 BID 98.019 ASK 98.020 CHANGE -0.01% TIME 08 : 46:31

OUTLOOK SUMMARY : Down
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: Possible volatility increase might commence new phase of downtrend extension either prolong retracement formation on the hourly chart frame. Price appreciation above the resistance at 98.23 (R1) would suggest intraday targets at 98.44 (R2) and 98.65 (R3). Downwards scenario: On the downside, next on tap is seen support level at 97.74 (S1). Clearance here is required to enable lower targets at 97.49 (S2) and 97.25 (S3)

Resistance Levels: 98.23, 98.44, 98.65
Support Levels: 97.74, 97.49, 97.25

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

#78
alayoua
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2013-08-01T10:59:03Z

Forex Technical & Market Analysis FXCC Aug 01 2013

Mixed data spur controversies on Chinese PMI data restrictions

Last month, the National Bureau of Statistics restrained industry-specific data upon publication of Purchasing Manufacturing indexes. Under the premise implying not enough resources were available to make such analysis public, the Chinese opted to suspend relevant information indicative of this year’s economic performance. As stated by the vice president of the China Federation of Logistics & Purchasing, “We now have 3,000 samples in the survey, and from a technical point of view, time is very limited — there are many industries, you know”. While Chinese provide zero point zone explanations, speculation concerning the reasons behind such measures continues to surge.
https://support.fxcc.com/email/technical/01082013/

FOREX ECONOMIC CALENDAR :
2013-08-01 11:00 GMT | UK. BoE Interest Rate Decision
2013-08-01 11:45 GMT | EMU. ECB Interest Rate Decision
2013-08-01 12:30 GMT | EMU. ECB Monetary policy statement and press conference
2013-08-01 14:00 GMT | USA. ISM Manufacturing PMI

FOREX NEWS :
2013-08-01 04:12 GMT | GBP/USD at fresh session lows ahead of London
2013-08-01 03:09 GMT | USD/JPY totally flat for the week above 98 waiting NFP
2013-08-01 02:55 GMT | AUD/USD, 0.8858 and 8775 next targets - 2ndSkies
2013-08-01 02:25 GMT | EUR/USD flat for the week inside a 150 pip range

-------------------
EURUSD
HIGH 1.33108 LOW 1.32661 BID 1.32698 ASK 1.32702 CHANGE -0.25% TIME 08 : 45:58

OUTLOOK SUMMARY : Neutral
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Possible upside penetration looks limited now to the next resistive barrier at 1.3288 (R1). Appreciation above this mark might gradually push the pair toward to next targets at 1.3304 (R2) and 1.3319 (R3) in potential. Downwards scenario: As long as price stays below the next resistance level our technical outlook would be negative. Next on tap is support level at 1.3252 (S1). Penetration below this mark would suggest next targets at 1.3238 (S2) and 1.3223 (S3).

Resistance Levels: 1.3288, 1.3304, 1.3319
Support Levels: 1.3252, 1.3238, 1.3223

GBPUSD :
HIGH 1.52102 LOW 1.51535 BID 1.51597 ASK 1.51599 CHANGE -0.3% TIME 08 : 45:59

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

Upwards scenario: Possible buying interest might push the pair to attack next resistive measure at 1.5187 (R1). Clearance here is required to resume upside formation, targeting marks at 1.5207 (R2) and 1.5226 (R3) later on today. Downwards scenario: On the other hand, loss of our support level at 1.5146 (S1) would open road for a market decline towards to our next target at 1.5128 (S2). Any further price weakening would then be limited to final support for today at 1.5109 (S3).

Resistance Levels: 1.5187, 1.5207, 1.5226
Support Levels: 1.5146, 1.5128, 1.5109

USDJPY :
HIGH 98.375 LOW 97.658 BID 98.350 ASK 98.353 CHANGE 0.52% TIME 08 : 46:00

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: Risk of further price appreciation is seen above the next resistance level at 98.46 (R1). Clearance here would suggest next intraday target at 98.66 (R2) and then final aim locates at 98.86 (R3). Downwards scenario: On the other hand, clearance of our support at 98.11 (S1) is required to determine negative intraday bias and enable lower target at 97.90 (S2) and then any further market depreciation would suggest final support at 97.69 (S3).

Resistance Levels: 98.46, 98.66, 98.86
Support Levels: 98.11, 97.90, 97.69

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

#79
alayoua
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2013-08-05T10:53:08Z

Forex Technical & Market Analysis FXCC Aug 05 2013

Australian services sector falls below 40.00, first time since GFC

Earlier on the session it was learnt that the Australian Performance of Services Index (Australian PSI®) fell deeper into the red, this time by 2.1 points to 39.4 in July, suggesting further contraction in activity. This is the lowest level for the Australian PSI® since March 2009, Ai Group reported, saying that "outside the GFC-related downturn in 2008-09, it is the first time the Australian PSI® has fallen below 40 points."
https://support.fxcc.com/email/technical/05082013/

FOREX ECONOMIC CALENDAR :
2013-08-05 07:58 GMT | EMU. Markit Services PMI
2013-08-05 08:28 GMT | UK. Markit Services PMI (Jul)
2013-08-05 09:00 GMT | EMU. Retail Sales (YoY)
2013-08-05 14:00 GMT | US. ISM Non-Manufacturing PMI

FOREX NEWS :
2013-08-05 05:18 GMT | GBP/USD mustering a modest bounce after five straight down sessions
2013-08-05 04:31 GMT | AUD/USD enters heavy data week oversold and with the world leaning against it
2013-08-05 04:09 GMT | EUR/USD, sellers protect 1.3280 resistance
2013-08-05 03:24 GMT | USD/JPY easing below 99.00

EURUSD :
HIGH 1.32868 LOW 1.32635 BID 1.32788 ASK 1.32791 CHANGE -0.02% TIME 08 : 33:34

OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Neutral hourly studies point towards further consolidation, with a break of next resistive structure at 1.3293 (R1) is required to spark stronger upside action. In such scenario we would suggest our next initial targets 1.3304 (R2) and 1.3316 (R3). Downwards scenario: Risk of market depreciation is seen below the next support level at 1.3263 (S1). Clearance here would suggest next intraday targets at 1.3252 (S2) and 1.3241 (S3) in potential.

Resistance Levels: 1.3293, 1.3304, 1.3316
Support Levels: 1.2263, 1.3252, 1.3241

GBPUSD :
HIGH 1.52969 LOW 1.5259 BID 1.52751 ASK 1.52756 CHANGE -0.05% TIME 08 : 33:34

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

Upwards scenario: Market price penetrated above the Friday’s high. On the way is key resistive measure at 1.5309 (R1), break here is required to achieve higher targets at 1.5330 (R2) and 1.5350 (R3). Downwards scenario: On the downside next challenge is seen at 1.5248 (S1). Breakthrough here would open road for a recovery action towards to our initial targets at 1.5233 (S2) and 1.5212 (R3) in potential.

Resistance Levels: 1.5309, 1.5330, 1.5350
Support Levels: 1.5248, 1.5233, 1.5212

USDJPY :
HIGH 99.15 LOW 98.706 BID 98.771 ASK 98.776 CHANGE -0.17% TIME 08 : 33:35

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Low

Upwards scenario: Market players may prefer to stay neutral today during limited tier one macroeconomic data flow, though a break of our resistance at 99.15 (R1) would suggest next targets at 99.32 (R2) and 99.49 (R3). Downwards scenario: Further recovery phase is limited now to the next supportive barrier at 98.65 (S1). Only loss here would enable our intraday targets at 98.50 (S2) and 98.34 (S3) on the downside.

Resistance Levels: 99.15, 99.32, 99.49
Support Levels: 98.65, 98.50, 98.34

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

#80
alayoua
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2013-08-06T11:19:57Z

Forex Technical & Market Analysis FXCC Aug 06 2013

AUD/USD rallies initially after RBA, but a lot of resistance looms

The AUD/USD came into the RBA decision very oversold and ready squeeze the bears. Despite the initial pop, technicians say there’s plenty of resistance to conquer before the bulls take control of the macro picture. The initial positive reaction following the RBA’s 25 basis point rate cut appears to be the market weeding out those shorts who were banking on a 50 basis point cut. While nobody knows exactly how much money was being bet against the AUD/USD, but the mercilous selling that led to the extreme oversold readings made it quite apparent that the short-Aussie trade was extremely crowded – and the markets do not treat crowded trades well typically. The good news for bears that were not over-leveraged is that the RBA hinted that they stand at the ready to act further if growth continues to be a problem and inflation remains benign.
https://support.fxcc.com/email/technical/06082013/

FOREX ECONOMIC CALENDAR :
2013-08-06 08:30 GMT | UK. Industrial Production (YoY)
2013-08-06 12:30 GMT | US. Trade Balance
2013-08-06 14:00 GMT | UK. NIESR GDP Estimate (3M)
2013-08-06 22:45 GMT | NZ. Unemployment Rate (Q2)

FOREX NEWS :
2013-08-06 05:04 GMT | Japan June Leading Economic Index falls to 107 vs 110.7
2013-08-06 04:48 GMT | USD pares loses; RBA cuts 25bps as expected
2013-08-06 04:47 GMT | EUR/AUD, on never-ending downfall?
2013-08-06 03:48 GMT | USD/JPY, Houston, do we have a problem?

---------------------
EURUSD :
HIGH 1.32714 LOW 1.32526 BID 1.32546 ASK 1.32552 CHANGE -0.03% TIME 08 : 40:54

OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Despite the current consolidation pattern, EURUSD remains in uptrend formation on the bigger picture. Clearance of our next resistance level at 1.3272 (R1) would suggest initial targets at 1.3282 (R2) and 1.3292 (R3). Downwards scenario: On the downside next supportive bastion lies at 1.3250 (S1). Prolonged movement below it might then expose our intraday targets at 1.3241 (S2) and 1.3231 (S3).

Resistance Levels: 1.3272, 1.3282, 1.3292
Support Levels: 1.3250, 1.3241, 1.3231

GBPUSD :
HIGH 1.53689 LOW 1.53362 BID 1.53376 ASK 1.53385 CHANGE -0.1% TIME 08 : 40:54

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Further bullish penetration might face next challenge at 1.5378 (R1). Break here would then be targeting 1.5396 (R2) en route towards to last resistance for today at 1.5415 (R3).Downwards scenario: On the other hand, retracement formation might occur below the immediate support level at 1.5319 (S1). Clearance here would enable our next intraday targets at 1.5301(S2) and 1.5281 (S3).

Resistance Levels: 1.5378, 1.5396, 1.5415
Support Levels: 1.5319, 1.5301, 1.5281

USDJPY :
HIGH 98.377 LOW 97.838 BID 98.350 ASK 98.353 CHANGE 0.06% TIME 08 : 40:55

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: An element of resistive measure could be found at 98.46 (R1). Clearance here would open way towards to higher target at 98.63 (R2) and any further rise would then be limited to last resistance at 98.80 (R3). Downwards scenario: Failure to establish corrective structure might lead to further downtrend evolvement later on today. Penetration below the support at 98.03 (S1) would suggest next intraday targets at 97.86 (S2) and 97.69 (S3) in perspective.

Resistance Levels: 98.46, 98.63, 98.80
Support Levels: 98.03, 97.86, 97.69

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

#81
alayoua
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2013-08-07T11:17:23Z

Forex Technical & Market Analysis FXCC Aug 07 2013

GBP/USD fading after failed test of 1.5435 level; BOE report looms

The GBPUSD runs the risk of cascading lower yet again after it ran up to “correction resistance” and failed. The BOE’s inflation report and Mr. Carney’s appearance before Parliament are sure to create a sharp move. The GBP/USD cross rallied sharply on Dollar weakness following Friday’s jobs report in the US. The bullish tone carried over into Sunday night’s open and continued to stair-step higher until just after Britain’s industrial and manufacturing production numbers were released. Shortly after those numbers came out, the GBP/USD began to sell off – this time in a stair-step pattern in the opposite direction. So far, there is still a chance that the latest bit of selling is just a correction lower leading up to the next thrust higher. But, technicians say that a break below 1.5213 would put out any bullish flame.
https://support.fxcc.com/email/technical/07082013/

FOREX ECONOMIC CALENDAR :
2013-08-07 09:30 GMT | Bank of England Quarterly Inflation Report
2013-08-07 09:30 GMT | Mark Carney speaks at UK Parliament
2013-08-07 12:30 GMT | Canada. Building Permits (MoM) (Jun)
2013-08-07 19:00 GMT | US Consumer Credit Change (Jun)

FOREX NEWS :
2013-08-07 05:20 GMT | EUR/GBP up after Tuesday’s gains ahead of BOE inflation report
2013-08-07 04:26 GMT | AUD/USD downtrend dominant; targets at 0.8550, 0.8675 - ANZ
2013-08-07 03:20 GMT | GBP/USD fading after failed test of 1.5435 level; BOE report looms
2013-08-07 02:49 GMT | Risk of a dovish BoJ - RBS

-----------------
EURUSD :
HIGH 1.33156 LOW 1.32926 BID 1.33025 ASK 1.33028 CHANGE -0.02% TIME 08 : 41:08

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: EURUSD trapped to the consolidation mode on the hourly chart frame. Next resistive barrier is seen at 1.3315 (R1), break here is required to enable next attractive points at 1.3324 (R2) and 1.3332 (R3). Downwards scenario: While instrument trades above the moving averages, our short-term bias would stay positive though penetration below the support level at 1.3292 (S1) might open way towards to lower targets at 1.3283 (S2) and 1.3273 (S3).

Resistance Levels: 1.3315, 1.3324, 1.3332
Support Levels: 1.3292, 1.3283, 1.3273

GBPUSD :
HIGH 1.53635 LOW 1.53173 BID 1.53347 ASK 1.53352 CHANGE -0.09% TIME 08 : 41:08

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: Possibility of uptrend evolvement is seen above the next resistance at 1.5363 (R1). Violation here would increase bullish pressure and suggest next intraday targets at 1.5387 (R2) and 1.5412 (R3). Downwards scenario: Our next support level is placed at 1.5317 (S1), right below the local minimum. Possible penetration below it might initiate bearish pressure and gradually push the price towards to our intraday targets at 1.5295 (S2) and 1.5273 (S3).

Resistance Levels: 1.5363, 1.5387, 1.5412
Support Levels: 1.5317, 1.5295, 1.5273

USDJPY :
HIGH 97.804 LOW 97.092 BID 97.226 ASK 97.230 CHANGE -0.52% TIME 08 : 41:09

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Descending structure suggests possible correction ahead. Break above the resistance at 97.58 (R1) would clear the way towards to higher target at 97.83 (R2). Further price appreciation would face then final resistive measure at 98.07 (R3) Downwards scenario: Local low offers an important supportive measure at 97.08 (S1). A violation here might call for a run towards to initial targets at 96.84 (S2) and 96.58 (S3).

Resistance Levels: 97.58, 97.83, 98.07
Support Levels: 97.08, 96.84, 96.58

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

#82
alayoua
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2013-08-08T11:10:51Z

Forex Technical & Market Analysis FXCC Aug 08 2013

BoJ to keep massive monetary easing

BOJ kept monetary policy steady by unanimous vote, retaining its plan to increase monetary base at annual pace of 60-70 trillion yen. The bank said that the CPI uptick from recent months will gradually accelerate as inflation expectations continue to rise on the whole. Monetary easing to continue until 2% inflation target reached, the BoJ said. On the economic outlook, the central bank said the Japanese economy is recoverying moderately but still faces many uncertainties.
https://support.fxcc.com/email/technical/08082013/

FOREX ECONOMIC CALENDAR :
2013-08-08 08:00 GMT | EMU ECB Monthly Report
2013-08-08 12:30 GMT | US Initial Jobless Claims
2013-08-08 12:30 GMT | Canada. New Housing Price Index (YoY)
2013-08-08 23:50 GMT | Japan. Tertiary Industry Index (MoM)

FOREX NEWS :
2013-08-08 05:02 GMT | EUR/USD resting below fresh 7-week highs at 1.3350
2013-08-08 04:50 GMT | AUD/NZD takes off to reach 1.1397 intraday highs
2013-08-08 04:50 GMT | GBP/USD consolidating gains above 1.55
2013-08-08 04:20 GMT | USD/CHF pocketing 0.13% gains on steady climb

-------------------
EURUSD
HIGH 1.33506 LOW 1.33281 BID 1.33485 ASK 1.33489 CHANGE 0.1% TIME 08 : 35:44

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Fresh high offers a key resistive barrier at 1.3346 (R1). Subsequently loss here might create upside momentum and drive market price towards to our initial targets at 1.3358 (R2) and 1.3370 (R3) in potential. Downwards scenario: On the other hand, depreciation below the technically important support level at 1.3327 (S1) might lead to the correction formation on the short-term perspective. Possible targets lies at 1.3314 (S2) and 1.3302 (S3).

Resistance Levels: 1.3346, 1.3358, 1.3370
Support Levels: 1.3327, 1.3314, 1.3302

GBPUSD :
HIGH 1.55067 LOW 1.54849 BID 1.55067 ASK 1.55071 CHANGE 0.13% TIME 08 : 35:45

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: After the strong appreciation yesterday we expect to see some consolidation ahead. Though clearance of next resistance level at 1.5531 (R1) might enable bullish pressure and open route towards to our next targets at 1.5557 (R2) and 1.5584 (R3). Downwards scenario: On the downside, support level at 1.5478 (S1) limits possible retracement expansion. Break here is required to enable lower target at 1.5450 (S2) en route to final aim at 1.5424 (S3).

Resistance Levels: 1.5531, 1.5557, 1.5584
Support Levels: 1.5478, 1.5450, 1.5424

USDJPY :
HIGH 96.935 LOW 96.322 BID 96.415 ASK 96.416 CHANGE 0.09% TIME 08 : 35:46

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Possible buying interest might arise above the resistance at 96.94 (R1). Clearance here would suggest next intraday target at 97.18 (R2) and if the price holds its momentum we can expect an exposure of 97.42 (R3). Downwards scenario: On the other hand, further downtrend development may encounter supportive measure at 96.30 (S1). Penetration through this level would targeting then supportive means at 96.08 (S2) and 95.84 (S3) in potential.

Resistance Levels: 96.94, 97.18, 97.42
Support Levels: 96.30, 96.08, 95.84

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

#83
alayoua
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2013-08-13T10:22:22Z

Forex Technical & Market Analysis FXCC Aug 13 2013

Yen short trade revival subject to Japan's sales tax chatter...

By now, the market completes a full trading day in which investors and traders had the opportunity to digest what to make out of Monday's disappointing Japan Q2 GDP data, but most importantly, what might be the implications on the widely covered topic of the sales tax hike. As reported yesterday, the big miss in the Japanese growth figures, displaying a -1% negative deviation from 3.6% expected to 2.6% preliminary data, is not helping the case to implement a planned 3% aggressive increase on the sales tax. Historically, there are well-founded reasons to fear that the economy may face some undesirable headwinds if being too aggressive on a tax hike. Japanese policy-makers are growing more vocal on softer option to take on, including either a more conservative 1% incremental approach on the sales tax, or even delaying the tax hike by one year after Japan's PM Abe Adviser, Mr. Hamada,was quoted earlier yesterday saying "there is no need to hurry with the sales tax hike after the weaker-than-expected Q2 GDP as it might harm the economy." On the flip side, BoJ Chief Kuroda said last week that it is not necessary a delay in the sales tax hike, saying that “ending deflation and raising the sales tax are achievable at the same time.”
https://support.fxcc.com/email/technical/13082013/

FOREX ECONOMIC CALENDAR :
2013-08-13 08:30 GMT | UK Consumer Price Index (YoY) (Jul)
2013-08-13 09:00 GMT | EMU ZEW Survey - Economic Sentiment (Jul)
2013-08-13 12:30 GMT | US Retail Sales (MoM) (Jul)
2013-08-13 14:00 GMT | US Business Inventories (Jun)

FOREX NEWS :
2013-08-13 04:54 GMT | GBP/USD working off overbought condition with current pullback
2013-08-13 04:54 GMT | EUR/GBP treading water above 0.86 ahead of UK CPI
2013-08-13 03:56 GMT | EUR/JPY pushed up to fresh new 129.60 highs
2013-08-13 03:42 GMT | EUR/USD ignited on impressive rally

----------------------
EURUSD :
HIGH 1.3313 LOW 1.32891 BID 1.33032 ASK 1.33032 CHANGE 0.03% TIME 08 : 34:53

OUTLOOK SUMMARY : Down
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Price dip lower yesterday and finally stabilized. A violation of next resistance at 1.3313 (R1) might call for a run towards to next target at 1.3327 (R2) and any further appreciation would then be limited to final target at 1.3340 (R3). Downwards scenario: We placed our support level right below the session low at 1.3288 (S1). Clearance here is liable to open way towards to our interim target at 1.3275 (S2) and then might expose final aim at 1.3262 (S3).

Resistance Levels: 1.3313, 1.3327, 1.3340
Support Levels: 1.3288, 1.3275, 1.3262

GBPUSD :
HIGH 1.54649 LOW 1.54472 BID 1.54599 ASK 1.54607 CHANGE 0% TIME 08 : 34:54

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: Market trapped to the consolidation phase after initial uptrend development. Further buying interest might occur above the resistance at 1.5485 (R1). Our initial targets locates at 1.5512 (R2) and 1.5538 (R3) Downwards scenario: On the downside Cable is approaching our next supportive barrier at 1.5442 (S1). Break here is required to drive market price towards to next visible targets at 1.5415 (S2) and 1.5388 (S3) later on today.

Resistance Levels: 1.5485, 1.5512, 1.5538
Support Levels: 1.5442, 1.5415, 1.5388

USDJPY :
HIGH 97.561 LOW 96.857 BID 97.451 ASK 97.454 CHANGE 0.57% TIME 08 : 34:55

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Instrument gained momentum on the upside recently, turning short-term bias to the positive side. Next resistive structure on the way lies at 97.65 (R1), break here would suggest next intraday targets at 97.88 (R2) and 98.11 (R3). Downwards scenario: Any downside fluctuations remains for now limited to the key support barrier at 97.14 (S1). Only clear break here would be a signal of possible market easing towards to our targets at 96.93 (S2) and 96.70 (S3) in potential.

Resistance Levels: 97.65, 97.88, 98.11
Support Levels: 97.14, 96.93, 96.70

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

#84
alayoua
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2013-08-14T09:26:33Z

Forex Technical & Market Analysis FXCC Aug 14 2013

Fed’s Lockhart reiterates September reduction in Federal bond buying

In news that will certainly resonate through FX Markets, Atlanta Fed President Dennis Lockhart reported that the Federal Reserve could begin reducing its bond-buying stimulus as early as its September meeting – despite inflation still being below its targeted values. One of the more pressing concerns facing investors and policymakers alike is that the U.S. economic performance is too volatile or unstable for Federal Reserve policymakers to initiate their comprehensive plan for both reducing and eventually halting their asset-purchasing program as early as next month. Ultimately though, Lockhart appeared open or receptive to at least a modest pullback in Federal monetary stimulus from its current pace of $85 billion per month. "I wouldn't rule out September," he stated. "As I see it, a decision to proceed - whether it is in September, October, or December - ought to be thought of as a cautious first step." Indeed, U.S. inflation has been running well below the Fed's 2.0% target for some time – historically very low. However Lockhart noted he did not see any signs that deflation was accelerating, reiterating that the current inflationary backdrop would still be consistent with a modest pullback in quantitative easing.
https://support.fxcc.com/email/technical/14082013/

FOREX ECONOMIC CALENDAR :
2013-08-14 06:00 GMT | Germany. Gross Domestic Product n.s.a (YoY) (Q2)
2013-08-14 08:30 GMT | UK. Bank of England Minutes
2013-08-14 09:00 GMT | EMU. Gross Domestic Product s.a. (YoY) (Q2)
2013-08-14 12:30 GMT | US. Producer Price Index ex Food & Energy (YoY)

FOREX NEWS :
2013-08-14 05:01 GMT | EUR/USD grinds sideways at 1.3263 in advance of key European data
2013-08-14 04:56 GMT | EUR/GBP capped below 0.86 ahead of UK jobs data
2013-08-14 04:10 GMT | USD marginally lower on Yen strength; Hong-Kong closed
2013-08-14 03:12 GMT | Next RBA cut November, more cuts may follow - NAB

--------------------
EURUSD :
HIGH 1.3268 LOW 1.32532 BID 1.32638 ASK 1.32640 CHANGE 0.01% TIME 08 : 38:20

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Market remains relatively stable below the moving averages, though clearance of next resistance level at 1.3269 (R1) might initiates bullish pressure. Above the local high locates our intraday targets at 1.3282 (R2) and 1.3294 (R3). Downwards scenario: Failure to establish positive bias today would shift our focus to the next support level at 1.3246 (S1). Clearance here would open way towards to next targets at 1.3234 (S2) and 1.3221 (S3).

Resistance Levels: 1.3269, 1.3282, 1.3294
Support Levels: 1.3246, 1.3234, 1.3221

GBPUSD :
HIGH 1.54535 LOW 1.54362 BID 1.54425 ASK 1.54434 CHANGE -0.03% TIME 08 : 38:21

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: Possibility of price progress is seen above the next resistance level at 1.5472 (R1). Breakthrough here would suggest our interim target at 1.5498 (R2) and then mark at 1.5524 (R3) acts as last resistive measure today. Downwards scenario: Any downside extension is limited now to the next support level at 1.5425 (S1). Below here we see potential for the price acceleration towards to next targets at 1.5401 (S2) and 1.5375 (S3).

Resistance Levels: 1.5472, 1.5498, 1.5524
Support Levels: 1.5425, 1.5401, 1.5375

USDJPY :
HIGH 98.406 LOW 97.866 BID 98.386 ASK 98.388 CHANGE 0.18% TIME 08 : 38:22

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Yesterday price acceleration on the upside suggests medium-term positive bias. Possible penetration above the resistance level at 98.52 (R1) is liable to open way towards to our initial targets at 98.71 (R2) and 98.89 (R3). Downwards scenario: On the other hand, break below the support at 97.85 (S1) is required to enable possible retracement development. Our next supportive measures locates at 97.65 (S2) and 97.45 (S3).

Resistance Levels: 98.52, 98.71, 98.89
Support Levels: 97.85, 97.65, 97.45

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

#85
alayoua
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2013-08-15T09:42:05Z

Forex Technical & Market Analysis FXCC Aug 15 2013

EUR/USD rips vertically on a 10-minute chart; still vulnerable macro set-up

The EUR/USD just ripped straight higher for over 400 pips on non-news related buying. Still, any upside is corrective in nature unless 1.3414 is conquered say technicians. EUR/USD will likely be trading off of US data Thursday Despite the rip higher that just occurred on the intraday chart, the macro picture appears to be setting up for much more downside once this upside correction runs its course. The European markets are closed for the most part Thursday in honor of Ascension Day.
http://www.einvestorsforum.com/#sthash.YmmEQouT.dpbs

FOREX ECONOMIC CALENDAR :
2013-08-15 12:30 GMT | US. Consumer Price Index (MoM)/(YoY) (Jul)
2013-08-15 12:30 GMT | US. Initial Jobless Claims
2013-08-15 13:15 GMT | US. Industrial Production (MoM) (Jul)
2013-08-15 14:00 GMT | US. Philadelphia Fed Manufacturing Survey (Jul)

FOREX NEWS :
2013-08-15 04:35 GMT | EUR/GBP sitting above 0.8550 ahead of UK retail sales
2013-08-15 04:22 GMT | USD/JPY hits ceiling at 97.80
2013-08-15 03:45 GMT | GBP/AUD below 1.70 testing June highs as support now
2013-08-15 03:15 GMT | AUD/JPY struggles to break 90.00 but looking bullish

EURUSD :
HIGH 1.33103 LOW 1.3253 BID 1.32896 ASK 1.32897 CHANGE 0.26% TIME 08 : 09:02

OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Neutral channel formation remains in play on the hourly chart. Our next resistance level is placed above the local peak at 1.3310 (R1). Strengthening above it would point to resistive structure at 1.3341 (R2) onto 1.3367 (R3). Downwards scenario: On the other hand, price pattern suggests bearish potential if the instrument manages to overcome next support level at 1.3241 (S1). Possible price regress could expose our initial targets at 1.3223 (S2) and 1.3202 (S3) in potential.

Resistance Levels: 1.3310, 1.3341, 1.3367
Support Levels: 1.3241, 1.3223, 1.3202

GBPUSD :
HIGH 1.55232 LOW 1.54978 BID 1.55187 ASK 1.55193 CHANGE 0.11% TIME 08 : 09:03

OUTLOOK : SUMMARY
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: Measures of resistance might be activating when the pair approaches the 1.5538 (R1) mark. Break here would suggest next interim target at 1.5566 (R2) and If the price keeps its momentum we expect an exposure of 1.5601 (R3). Downwards scenario: Possible pull back development is limited now to the key supportive barrier at 1.5496 (S1). Only loss here would be considered as a beginning of a retracement expansion. Our intraday targets locates at 1.5467 (S2) and 1.5436 (S3).

Resistance Levels: 1.5538, 1.5566, 1.5601
Support Levels: 1.5496, 1.5467, 1.5436

USDJPY :
HIGH 98.296 LOW 97.584 BID 97.732 ASK 97.737 CHANGE -0.39% TIME 08:09:04

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: Upside formation is limited now to the next resistive barrier at 98.25 (R1). Clearance here is required to provide a space for a move towards to next target at 98.56 (R2) and then final aim would be 98.77 (R3). Downwards scenario: We would shift our short-term technical outlook to the negative if the price manage to penetrate below the key support at 97.60 (S1). Loss here would suggest next initial targets at 97.30 (S2) and 97.02 (S3).

Resistance Levels: 98.25, 98.56, 98.77
Support Levels: 97.60, 97.30, 97.02

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

#86
alayoua
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2013-09-02T10:02:26Z

Forex Technical & Market Analysis FXCC Sep 02 2013

Obama seeks Congressional approval before launching attack against Syria

U.S. President Barack Obama has delayed a military strike against Syria by requesting authorization first from an incredulous Congress, a decision that may take no less than 10 days to be given. As Obama said, in a hastily organized appearance in the Rose Garden, "I’m prepared to give that order, but having made my decision as commander in chief based on what I am convinced is our national security interests, I’m also mindful that I’m the president of the world’s oldest constitutional democracy.” According to John Boehner, the Republican speaker of the House of Representatives, “we expect the House to consider a measure the week of September 9.″
https://support.fxcc.com/email/technical/02092013

FOREX ECONOMIC CALENDAR :
2013-09-02 07:53 GMT | DE Markit Manufacturing PMI (Aug)
2013-09-02 07:58 GMT | EMU Markit Manufacturing PMI (Aug)
2013-09-02 08:28 GMT | UK Markit Manufacturing PMI (Aug)
2013-09-02 15:30 GMT | US 6-Month Bill Auction

FOREX NEWS :
2013-09-02 05:06 GMT | EUR/USD now trading lower and below key support at 1.3205
2013-09-02 04:50 GMT | Australian Dollar faces monumental week - UBS
2013-09-02 03:54 GMT | GBP/USD creeps north; target at 1.56
2013-09-02 03:18 GMT | EUR/GBP rapidly approaching projected downside target at 0.8472

---------------------
EURUSD
HIGH 1.32141 LOW 1.31917 BID 1.32094 ASK 1.32097 CHANGE -0.08% TIME 08 : 32:59

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Possible retracement action is limited now to the next resistive measure at 1.3226 (R1). Clearance here is required to enable our interim target at 1.3248 (R2) en route to final aim at 1.3270 (R3). Downwards scenario: The downside direction remains favored according to the technical indicators. Our next support measure lies at 1.3174 (S1). Decline below it would enable lower targets at 1.3152 (S2) and 1.3130 (S3).

Resistance Levels: 1.3226, 1.3248, 1.3270
Support Levels: 1.3174, 1.3152, 1.3130

GBPUSD :
HIGH 1.55658 LOW 1.55056 BID 1.55500 ASK 1.55503 CHANGE 0.36% TIME 08 : 33:00

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

Upwards scenario: GBPUSD clearly determined positive bias on the short-term perspective. Penetration above the resistive measure at 1.5556 (R1) might encourage protective orders execution and drive market price towards to the next resistive means at 1.5582 (R2) and 1.5598 (R3). Downwards scenario: Although market players may prefer to increase exposure on the short positions and push the price below the support level at 1.5527 (S1). Possible price devaluation would suggest initial targets at 1.5510 (S2) and then 1.5493 (S3).

Resistance Levels: 1.5556, 1.5582, 1.5598
Support Levels: 1.5527, 1.5510, 1.5493

USDJPY :
HIGH 98.674 LOW 98.275 BID 98.598 ASK 98.603 CHANGE 0.51% TIME 08 : 33:00

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Low

Upwards scenario: While both moving averages are pointing up, medium-term technical outlook would be positive. Appreciation above the resistance at 98.75 (R1) would enable recovery phase towards to next targets at 98.88 (R2) and 99.01 (R3). Downwards scenario: Negative developments might be settled below the important support level at 98.47 (S1). Any price action below it would then be targeting support level at 98.34 (S2) and then final target could be exposed at 98.21 (S3).

Resistance Levels: 98.75, 98.88, 99.01
Support Levels: 98.47, 98.34, 98.21

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

#87
alayoua
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2013-09-02T10:23:27Z

Forex Technical & Market Analysis FXCC Sep 02 2013

Obama seeks Congressional approval before launching attack against Syria

U.S. President Barack Obama has delayed a military strike against Syria by requesting authorization first from an incredulous Congress, a decision that may take no less than 10 days to be given. As Obama said, in a hastily organized appearance in the Rose Garden, "I’m prepared to give that order, but having made my decision as commander in chief based on what I am convinced is our national security interests, I’m also mindful that I’m the president of the world’s oldest constitutional democracy.” According to John Boehner, the Republican speaker of the House of Representatives, “we expect the House to consider a measure the week of September 9.″
https://support.fxcc.com/email/technical/02092013

FOREX ECONOMIC CALENDAR :
2013-09-02 07:53 GMT | DE Markit Manufacturing PMI (Aug)
2013-09-02 07:58 GMT | EMU Markit Manufacturing PMI (Aug)
2013-09-02 08:28 GMT | UK Markit Manufacturing PMI (Aug)
2013-09-02 15:30 GMT | US 6-Month Bill Auction

FOREX NEWS :
2013-09-02 05:06 GMT | EUR/USD now trading lower and below key support at 1.3205
2013-09-02 04:50 GMT | Australian Dollar faces monumental week - UBS
2013-09-02 03:54 GMT | GBP/USD creeps north; target at 1.56
2013-09-02 03:18 GMT | EUR/GBP rapidly approaching projected downside target at 0.8472

---------------------
EURUSD
HIGH 1.32141 LOW 1.31917 BID 1.32094 ASK 1.32097 CHANGE -0.08% TIME 08 : 32:59

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Possible retracement action is limited now to the next resistive measure at 1.3226 (R1). Clearance here is required to enable our interim target at 1.3248 (R2) en route to final aim at 1.3270 (R3). Downwards scenario: The downside direction remains favored according to the technical indicators. Our next support measure lies at 1.3174 (S1). Decline below it would enable lower targets at 1.3152 (S2) and 1.3130 (S3).

Resistance Levels: 1.3226, 1.3248, 1.3270
Support Levels: 1.3174, 1.3152, 1.3130

GBPUSD :
HIGH 1.55658 LOW 1.55056 BID 1.55500 ASK 1.55503 CHANGE 0.36% TIME 08 : 33:00

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

Upwards scenario: GBPUSD clearly determined positive bias on the short-term perspective. Penetration above the resistive measure at 1.5556 (R1) might encourage protective orders execution and drive market price towards to the next resistive means at 1.5582 (R2) and 1.5598 (R3). Downwards scenario: Although market players may prefer to increase exposure on the short positions and push the price below the support level at 1.5527 (S1). Possible price devaluation would suggest initial targets at 1.5510 (S2) and then 1.5493 (S3).

Resistance Levels: 1.5556, 1.5582, 1.5598
Support Levels: 1.5527, 1.5510, 1.5493

USDJPY :
HIGH 98.674 LOW 98.275 BID 98.598 ASK 98.603 CHANGE 0.51% TIME 08 : 33:00

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Low

Upwards scenario: While both moving averages are pointing up, medium-term technical outlook would be positive. Appreciation above the resistance at 98.75 (R1) would enable recovery phase towards to next targets at 98.88 (R2) and 99.01 (R3). Downwards scenario: Negative developments might be settled below the important support level at 98.47 (S1). Any price action below it would then be targeting support level at 98.34 (S2) and then final target could be exposed at 98.21 (S3).

Resistance Levels: 98.75, 98.88, 99.01
Support Levels: 98.47, 98.34, 98.21

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

#88
alayoua
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2013-09-03T09:47:47Z

Forex Technical & Market Analysis FXCC Sep 03 2013

RBA keeps rate at 2.5%, easing bias removal?

The Reserve Bank of Australia left rates unchanged at 2.5% record lows, with the Monetary Policy Statement offering some interesting clues, saying "the Board will continue to assess the outlook and adjust policy as needed", omitting a more aggressive narrative seen in last few months. While the door to reduce rates further is not closed, the statement sounds not as dovish as one may have expected, yet the value of the Australian Dollar and domestic indicators will continue to determine the future rate setting. For now, looks like AUD bulls will gain Sept battle.
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-09-03 08:30 GMT | UK PMI Construction (Aug)
2013-09-03 09:00 GMT | EMU Producer Price Index (YoY) (Jul)
2013-09-03 12:58 GMT | US Markit Manufacturing PMI (Aug)
2013-09-03 14:00 GMT | US ISM Manufacturing PMI (Aug)

FOREX NEWS :
2013-09-03 05:38 GMT | GBP/USD drifting higher for a 3rd session after rough 2 weeks; 1.5587 key hurdle
2013-09-03 05:07 GMT | AUD/USD spikes above 0.9000 after RBA
2013-09-03 04:19 GMT | EUR/USD extends choppy range; remains at 30-day lows
2013-09-03 04:03 GMT | USD/JPY continues to consolidate above 99.00

-------------------------
EURUSD :
HIGH 1.31968 LOW 1.31778 BID 1.31800 ASK 1.31804 CHANGE -0.08% TIME 08 : 44:17

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Possibility of retracement formation is seen above the yesterday high -1.3227 (R1). Break here is required to clear the way towards to higher targets at 1.3248 (R2) and 1.3269 (R3). Downwards scenario: We placed our support level right below the local low at 1.3173 (S1). Clearance here is liable to open way towards to our interim target at 1.3152 (S2) and then might expose final aim at 1.3130 (S3).

Resistance Levels: 1.3227, 1.3248, 1.3269
Support Levels: 1.3173, 1.3152, 1.3130

GBPUSD :
HIGH 1.5562 LOW 1.55379 BID 1.55491 ASK 1.55498 CHANGE 0.05% TIME 08 : 44:17

OUTLOOK SUMMARY : Neutral
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Fresh fractal level at 1.5562 (R1) prevents further gains. Successful clearance here would suggest next intraday targets at 1.5580 (R2) and 1.5597 (R3). Downwards scenario: On the downside, next support level locates at 1.5530 (S1). Possible penetration below this mark would open way towards to next target at 1.5513 (S2) and then any further market decline would be limited to last mark at 1.5496 (S3).

Resistance Levels: 1.5562, 1.5580, 1.5597
Support Levels: 1.5530, 1.5513, 1.5496

USDJPY :
HIGH 99.703 LOW 99.302 BID 99.555 ASK 99.557 CHANGE 0.24% TIME 08 : 44:18

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Instrument gained momentum on the upside recently, turning short-term bias to the positive side. Next resistive structure on the way lies at 99.71 (R1), break here would suggest next intraday targets at 99.93 (R2) and 100.15 (R3). Downwards scenario: Failure to establish positive bias today would shift our focus to the next support level at 99.29 (S1). Clearance here would open way towards to next targets at 99.06 (S2) and 98.82 (S3).

Resistance Levels: 99.71, 99.93, 100.15
Support Levels: 99.29, 99.06, 98.82

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

#89
alayoua
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2013-09-04T10:25:47Z

Forex Technical & Market Analysis FXCC Sep 04 2013

New Syria resolution in Senate sets 90-day deadline for U.S. military action

A new use-of-force resolution for Syria sets a 60-day deadline, with one 30-day extension possible, for U.S. President Barack Obama to launch military strikes against Syria, reports Politico from a revised draft authorization, also adding it will also bar the involvement of U.S. ground forces in Syria. As Politico adds: "The revised resolution was crafted by Sens. Robert Menendez (D-N.J.) and Bob Corker (R-Tenn.), the chairman and ranking member of the Foreign Relations Committee, following several days of negotiations." The proposal could go for voting by Wednesday.
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-09-04 09:00 GMT | EMU Gross Domestic Product s.a. (YoY) (Q2)
2013-09-04 12:30 GMT | US Trade Balance (Jul)
2013-09-04 14:00 GMT | CA BoC Interest Rate Decision
2013-09-04 18:00 GMT | US Fed's Beige Book

FOREX NEWS :
2013-09-04 05:20 GMT | Deeply oversold EUR/GBP breaking all support and projections on downside
2013-09-04 05:14 GMT | USD/CHF is trading nearly its daily highs
2013-09-04 04:17 GMT | GBP/USD stuck below 1.5587 key hurdle ahead of Wednesday’s data
2013-09-04 04:00 GMT | EUR/USD, potential of a sharp test of 1.3050 - ANZ

-------------------------
EURUSD :
HIGH 1.31761 LOW 1.31619 BID 1.31678 ASK 1.31682 CHANGE -0.02% TIME 08 : 51:30

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Price dip lower yesterday and finally stabilized near its local low. A violation of next resistance at 1.3194 (R1) might call for a run towards to next target at 1.3215 (R2) and any further appreciation would then be limited to final target at 1.3235 (R3). Downwards scenario: Fresh low formed today offers an important resistive measure at 1.3138 (S1). Break here is required to drive market price towards to next visible targets at 1.3117 (S2) and 1.3097 (S3) later on today.

Resistance Levels: 1.3194, 1.3215, 1.3235
Support Levels: 1.3138, 1.3117, 1.3097

GBPUSD :
HIGH 1.55677 LOW 1.5555 BID 1.55616 ASK 1.55621 CHANGE 0.01% TIME 08 : 51:30

OUTLOOK SUMMARY : Neutral
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: Neutral tone remains favored on the hourly chart frame, however possible extension above the resistive measure at 1.5582 (R1) would suggest next intraday targets at 1.5597 (R2) and 1.5611 (R3). Downwards scenario: An evidence of possible descending structure could be provided if the pair manages to surpass key support level at 1.5543 (S1). In such case we would suggest next intraday targets at 1.5529 (S2) and 1.5514 (S3).

Resistance Levels: 1.5582, 1.5597, 1.5611
Support Levels: 1.5543, 1.5529, 1.5514

USDJPY :
HIGH 99.769 LOW 99.418 BID 99.723 ASK 99.725 CHANGE 0.15% TIME 08 : 51:31

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: Market remains relatively stable above the moving averages. Clearance of next resistance level at 99.88 (R1) might initiates bullish pressure and expose our intraday targets at 100.15 (R2) and 100.41 (R3) later on today. Downwards scenario: Any downside extension is limited now to the next support level at 99.40 (S1). Below here we see potential for the price acceleration towards to next targets at 99.14 (S2) and 98.89 (S3).

Resistance Levels: 99.88, 100.15, 100.41
Support Levels: 99.40, 99.14, 98.89

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

#90
alayoua
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2013-09-06T10:03:27Z

Forex Technical & Market Analysis FXCC Sep 06 2013

ECB's Draghi reiterates forward guidance on rates

At the press conference following the ECB Governing Council's decision to keep interest rates unchanged at 0.5% in September, president Mario Draghi reiterated that key interest rates would remain at the current or lower levels for an extended period of time.He stressed that economic activity in the Eurozone is improving, as confidence indicators show, and that the ECB is ready to support the recovery with its accommodative monetary policy. Current geopolitical tensions are one of the main threats to the recovery, he said. Inflation in the Eurozone is low and should remain at this level in the coming months. Upside risks on inflation are connected with higher indirect taxes and commodity prices, while downside risks stem from weaker growth. The ECB has risen its Eurozone 2013 growth forecast to -0.4% from -0.6% and lowered the projection for 2014 to 1% from 1.1%. As far as inflation is concerned, the forecast for 2013 was hiked to 1.5% from 1.4% this year and left unchanged at 1.3% for 2014. Mario Draghi also stressed the importance of setting up the banking union quickly, as "weak loan dynamics continue to reflect the current state of the business cycle."
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-09-06 08:30 GMT | UK. Consumer Inflation Expectations
2013-09-06 12:30 GMT | US. Nonfarm Payrolls (Aug)
2013-09-06 12:30 GMT | CA. Unemployment Rate (Aug)
2013-09-06 14:00 GMT | Uk. NIESR GDP Estimate (3M) (Aug)

FOREX NEWS :
2013-09-06 05:29 GMT | USD/JPY close to 100.00 area ahead of NFP
2013-09-06 04:17 GMT | USD eases in Asia ahead of NFP; Yen strengthens
2013-09-06 03:57 GMT | Technicians need gold to break 1,351.60 to validate bearish call
2013-09-06 02:51 GMT | Sell EUR/USD into 1.3150, TP 1.3090 ahead of NFP - JPMorgan

EURUSD :
HIGH 1.31384 LOW 1.31161 BID 1.31310 ASK 1.31315 CHANGE 0.09% TIME 08 : 50:06

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: On the upside, fractals level at 1.3156 (R1) offers an important resistive structure. Any penetration above that level would suggest next intraday targets at 1.3179 (R2) and 1.3202 (R3). Downwards scenario: As long as price stays below the 20 SMA our technical outlook would be negative. Extension lower the key support level at 1.3110 (S1) is being able to drive market price towards to our next targets at 1.3087 (S2) and 1.3065 (S3).

Resistance Levels: 1.3156, 1.3179, 1.3202
Support Levels: 1.3110, 1.3087, 1.3065

GBPUSD :
HIGH 1.56133 LOW 1.55862 BID 1.56054 ASK 1.56059 CHANGE 0.1% TIME 08 : 50:07

OUTLOOK SUMMARY : Neutral
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: GBPUSD stabilized on the hourly chart however appreciation above the next resistance at 1.5627 (R1) might be a good catalyst for an upwards formation towards to next targets at 1.5647 (R2) and 1.5666 (R3). Downwards scenario: On the other hand, new phase of retracement formation might commence below the important support level at 1.5572 (S1). Break here is required to validate our targets at 1.5552 (S2) and 1.5531 (S3) later on today.

Resistance Levels: 1.5327, 1.5647, 1.5666
Support Levels: 1.5572, 1.5552, 1.5531

USDJPY :
HIGH 100.225 LOW 99.695 BID 99.735 ASK 99.739 CHANGE -0.37% TIME 08 : 50:07

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: Upside risk aversion is seen above the next resistance level at 100.15 (R1). Appreciation above it might lead to the positive intraday bias formation towards to our next targets at 100.44 (R2) and 100.73 (R3) in potential. Downwards scenario: Any downside extension is limited now to the next support level at 99.56 (S1). Below here we see potential for the price regress towards to next targets at 99.29 (S2) and 99.00 (S3).

Resistance Levels: 100.15, 100.44, 100.73
Support Levels: 99.56, 99.29, 99.00

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

#91
alayoua
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2013-09-09T09:38:25Z

Forex Technical & Market Analysis FXCC Sep 09 2013

EUR/USD higher in early Europe after rising on Friday but still gets no love from ECB

The EUR/USD opened higher the week after having dropped for a second week in a row. Elaborating on, the single currency managed to have a “green” day on Friday due to dismal NFP data, but still closed the week lower against the greenback for a second consecutive week, partly on Draghi’s more than expected dovish stance. ECB Draghi seems to remain very cautious about the Euro zone return to growth and not much enthusiastic about recovery in the Euro land. On the opposite side, despite the dismal NFP, the consensus in the market is for the Fed to announce the commencement of gradual tapering in the meeting of 17th and 18th of September. Traders should bear into consideration the Sentix Investor Confidence which will be released at 8.30 GMT hours and a further improvement in sentiment is anticipated.

As long as the view for tapering remains “on”, any potential EUR/USD rallies will be well capped. Despite the great disappointment on Friday’s NFP release, hints from the Fed points to tapering, even in a small gradual scale such as of $15bililion/$20 billion per month. What’s more, the power-horse of Europe as well depicted in the industrial figures released last week, isn’t strong enough. There are political problems in coalition forces in Italy, a third bailout package in Greece seems inevitable and there is also political uncertainty in Cyprus.
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-09-09 08:30 GMT | EMU Sentix Investor Confidence (Aug)
2013-09-09 12:30 GMT | CA Building Permits (MoM) (Jul)
2013-09-09 19:00 GMT | US Consumer Credit Change (Jul)
2013-09-09 23:50 GMT | BoJ Monetary Policy Meeting Minutes

FOREX NEWS :
2013-09-09 05:44 GMT | USD/CHF bouncing modestly ahead of data following bearish reversal Friday
2013-09-09 04:16 GMT | EUR/GBP limited below 0.8430 on Euro weakness
2013-09-09 04:05 GMT | AUD/USD is heading upwards on China data and after weekend elections
2013-09-09 03:38 GMT | Playing USD/JPY from the long side - JPMorgan

EURUSD :
HIGH 1.31812 LOW 1.31642 BID 1.31718 ASK 1.31723 CHANGE -0.05% TIME 08 : 36:45

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Further positive bias development would face next resistive measure at 1.3190 (R1). If the price manages to overcome it we would suggest next intraday targets at 1.3212 (R2) and 1.3234 (R3). Downwards scenario: On the other hand, our bearish expectations remain intact below the key support level at 1.3155 (S1). Price penetration below it would allow further declines towards to lower targets at 1.3134 (S2) and 1.3112 (S3).

Resistance Levels: 1.3190, 1.3212, 1.3234
Support Levels: 1.3155, 1.3134, 1.3112

GBPUSD :
HIGH 1.56455 LOW 1.56158 BID 1.56441 ASK 1.56443 CHANGE 0.11% TIME 08 : 36:46

OUTLOOK SUMMARY : Neutral
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

Upwards scenario: GBPUSD is approaching our key resistive measure at 1.5651 (R1). If the price manages to overcome it we would suggest next intraday targets at 1.5668 (R2) and 1.5685 (R3). Downwards scenario: Medium-term bias remains sideways orientated. A dip lower the key support measure at 1.5613 (S1) would open a route towards to lower targets at 1.5596 (S2) and 1.5579 (S3).

Resistance Levels: 1.5651, 1.5668, 1.5685
Support Levels: 1.5613, 1.5596, 1.5579

USDJPY :
HIGH 100.105 LOW 99.49 BID 99.645 ASK 99.649 CHANGE 0.56% TIME 08 : 36:47

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Measures of resistance might be activating when the pair approaches 100.11 (R1) price level. Break here would suggest next interim target at 100.44 (R2) and If the pair keeps its momentum we would expect an exposure of 100.75 (R3). Downwards scenario: On the downside bearish pressure might push the price below the support at 99.29 (S1). Further downside extension would open road towards to next target at 98.97 (S2) and any further losses would then be limited to 98.64 (S3) mark.

Resistance Levels: 100.11, 100.44, 100.75
Support Levels: 99.29, 98.97, 98.64

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

#92
alayoua
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2013-09-10T09:44:30Z

Forex Technical & Market Analysis FXCC Sep 10 2013

EUR/USD up around 1.3270 on China

The shared currency is extending its ascent on Tuesday, lifting the EUR/USD to the area of 1.3270 on upbeat tone from the Chinese economy.China continues to be the main driver for the risk appetite trends in the first half of the week, after Industrial Production, Retail Sales and Urban Investment figures all surpassed expectations during August, giving extra oxygen to the risk-associated assets in general. In the opinion of Westpac Global Strategy Group, “The 55, 100 and 200 day moving averages have converged in the 1.3140-90 range, with the runup to 1.34 an increasingly distant memory. ECB president Draghi’s mood last week was gloomier than expected, adding to our bias to sell into the 1.32-1.33 region. However, US data has been too soft to inspire much fresh USD buying, leaving 1.3100 intact for now”.

At the moment the pair is gaining 0.09% at 1.3268 with the next resistance at 1.3279 (Kijun Line) ahead of 1.3298 (low Aug.22) and then 1.3322 (low Aug.27). On the downside, a break below 1.3157 (low Sep.9) would target 1.3104 (50% of 1.2755-1.3453) en route to 1.3089 (low Jul.19).
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
N/A UK 30-y Bond Auction
2013-09-10 08:00 GMT | IT Gross Domestic Product (YoY) (Q2)
2013-09-10 12:15 GMT | CA Housing Starts s.a (YoY) (Aug)
2013-09-10 17:00 GMT | US 3-Year Note Auction

FOREX NEWS :
2013-09-10 05:40 GMT | Time for another leg up in USD/JPY - RBS
2013-09-10 05:21 GMT | EUR likely to be supported on dips - JPMorgan
2013-09-10 05:02 GMT | AUD/USD, risk is high of a further squeeze up towards 0.9500 - RBS
2013-09-10 04:25 GMT | USD/CHF holding ground above 0.9307 support despite Friday’s bearish candle

EURUSD :
HIGH 1.32725 LOW 1.32502 BID 1.32676 ASK 1.32681 CHANGE 0.1% TIME 08 : 54:03

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Current price setup might suggest retracement formation in near term perspective, however, if the price get acceleration on the upside and manages to surpass our resistive measure at 1.3281 (R1), we would suggest next targets at 1.3297 (R2) and 1.3313 (R3). Downwards scenario: Clearance of our support at 1.3248 (S1) is required to determine negative intraday bias and enable lower target at 1.3230 (S2) and then any further market depreciation would suggest final target at 1.3213 (S3).

Resistance Levels: 1.3281, 1.3297, 1.3313
Support Levels: 1.3248, 1.3230, 1.3213

GBPUSD :
HIGH 1.57086 LOW 1.56856 BID 1.57056 ASK 1.57059 CHANGE 0.08% TIME 08 : 54:04

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

Upwards scenario: Further positive bias development would face next resistive measure at 1.5731 (R1). If the price manages to overcome it we would suggest next intraday targets at 1.5751 (R2) and 1.5772 (R3). Downwards scenario: Successful retest of our next support level at 1.5680 (S1) might provide sufficient momentum for the price acceleration towards to interim target at 1.5658 (S2) and then final aim for today could be exposed at 1.5637 (S3).

Resistance Levels: 1.5731, 1.5751, 1.5772
Support Levels: 1.5680, 1.5658, 1.5637

USDJPY :
HIGH 99.757 LOW 99.477 BID 99.628 ASK 99.630 CHANGE 0.06% TIME 08 : 54:05

OUTLOOK SUMMARY : Neutral
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Low

Upwards scenario: Current price setup might suggest range mode development in near term perspective. Though If the price manages to surpass our resistive measure at 99.88 (R1), we would suggest next targets at 100.18 (R2) and 100.47 (R3). Downwards scenario: Possible downside expansion is protected by support level at 99.33 (S1), break here would put bullish oriented traders on hold. Marks at 99.04 (S2) and 98.75 (S3) acts as our initial targets today.

Resistance Levels: 99.88, 100.18, 100.47
Support Levels: 99.33, 99.04, 98.75

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

#93
alayoua
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2013-09-11T10:55:49Z

Forex Technical & Market Analysis FXCC Sep 11 2013

Obama puts Syrian action on hold while diplomacy pursued

President Obama addressed the American people on the Syrian conflict, and where the U.S. goes from here, after headlines for a diplomatic resolution inundated media outlets on Tuesday. Barack Obama started the speech with a strong case for a ‘yes’ vote in Congress, saying "We know Asssad's government was responsible" Iran would be emboldened.... "This is not a world we should accept'' , although making clear that the U.S. "will not put American boots on the ground in Syria."

As the speech progressed, a more conciliatory Obama emerged, saying that after the Russian proposal to place under international control Syria's alleged chemical weapons - which Assad's government agreed to -, he asked Congress to postpone a vote on Syria action while diplomacy is pursued, adding that Assa's initiative has the potential to remove weapons without use of force. Obama also said: "Over the last few days we’ve seen some encouraging signs, in part because of the threat of military action." Since Obama was specific about the slim chances of an immediate attack, the speech supports the recent bid on risk assets.
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
N/A | The US Congress votes on military action against Syria
2013-09-11 08:30 GMT | UK Claimant Count Change (Aug)
2013-09-11 15:30 GMT | UK MPC Member Miles Speech
2013-09-11 21:00 GMT | RBNZ Interest Rate Decision

FOREX NEWS :
2013-09-11 05:41 GMT | GBP/JPY still up near the highs and eyeing 158.46 after convincing breakout
2013-09-11 05:25 GMT | USD/CHF on higher levels as geo-political tensions are fading away
2013-09-11 05:05 GMT | EUR/USD tumbling after Obama’s address; 1.3278 resistance looms large
2013-09-11 04:29 GMT | GBP/USD heads into employment report easing away from 1.5737 resistance

-----------------
EURUSD
HIGH 1.32819 LOW 1.32437 BID 1.32491 ASK 1.32493 CHANGE -0.13% TIME 09 : 05:26

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Possible upwards extension above the resistance level at 1.3266 (R1) is liable to commence medium-term bullish structure. Important fractal levels offers next targets at 1.3282 (R2) and 1.3298 (R3) in potential. Downwards scenario: As long as price stays below the moving averages our short-term outlook would be negative. Possible extension lower the 1.3240 (S1) is being able to drive market price towards to initial supports at 1.3226 (S2) and 1.3211 (S3).

Resistance Levels: 1.3266, 1.3282, 1.3298
Support Levels: 1.3240, 1.3226, 1.3211

GBPUSD :
HIGH 1.57417 LOW 1.57186 BID 1.57190 ASK 1.57197 CHANGE -0.08% TIME 09 : 05:34

OUTLOOK SUMMARY : Up
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: GBPUSD is approaching our key resistive measure at 1.5744 (R1). If the price manages to overcome it we would suggest next intraday targets at 1.5767 (R2) and 1.5789 (R3). Downwards scenario: On the downside, currency pair might encounter supportive measures at 1.5711 (S1). Break here would open the way for a test of our next targets at 1.5689 (S2) and 1.5666 (S3) later on today.

Resistance Levels: 1.5744, 1.5767, 1.5789
Support Levels: 1.5711, 1.5689, 1.5666

USDJPY :
HIGH 100.609 LOW 100.139 BID 100.430 ASK 100.433 CHANGE 0.04% TIME 09 : 05:35

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

Upwards scenario: Mark at 100.65 (R1) acts as next resistive barrier on the way if the instrument keeps it upside potential. Break here is required to achieve higher targets at 100.93 (R2) and 101.19 (R3) later on today. Downwards scenario: Risk of market weakening is seen below the support level at 100.12 (S1). Loss here is required to enable our supportive barrier at 99.85 (S2) en route towards to final target for today at 99.59 (S3).

Resistance Levels: 100.65, 100.93, 101.19
Support Levels: 100.12, 99.85, 99.59

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

#94
alayoua
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2013-09-12T10:18:20Z

Forex Technical & Market Analysis FXCC Sep 12 2013

Barroso calls for quick implementation of Eurozone banking union

Europe is on a road to recovery, but efforts must still be made to prop it up, president of the European Commission José Manuel Barroso said on Wednesday, delivering the annual State of the Union speech. He listed unemployment as the the most burning issue to solve, as its current level is “economically unsustainable, politically untenable and socially unacceptable.” Speaking at the European Parliament in Strasbourg, Barroso pointed to the recent improvements in the European financial markets as well as the better situation in Greece. “For Europe, recovery is within sight. Let's not overestimate the progress, but neither should we underestimate what has been done,” he said.

He called for a quicker implementation of the Eurozone banking union, which would help boost growth and employment. Finalizing discussions on the next EU budget was also listed as a top priority. Furthermore, Barroso stressed the need for a tighter political union, suggesting that “Europe must focus on where it can add most value. It needs to be big on big things and smaller on smaller things.” The European Commission president also referred to the chemical attack in Syria, which the EU condemns but still hopes to see the a conflict resolved through a negotiated settlement.
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-09-12 08:00 GMT | ECB Monthly Report
2013-09-12 09:00 GMT | UK Inflation Report Hearings
2013-09-12 11:40 GMT | ECB President Draghi's Speech
2013-09-12 12:30 GMT | US Initial Jobless Claims

FOREX NEWS :
2013-09-12 05:33 GMT | AUD/USD falls apart on softest Australian jobs data
2013-09-12 05:26 GMT | Gold teetering on the brink above 1,351.60 key support
2013-09-12 05:07 GMT | Overbought GBP/USD buoyant at 1.5835 ahead of data / events
2013-09-12 04:50 GMT | EUR/GBP threatening the 0.84 big support

---------------------
EURUSD
HIGH 1.33241 LOW 1.33041 BID 1.33043 ASK 1.33047 CHANGE -0.05% TIME 08 : 53:11

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: On the upside potential is seen for a break above the resistance at 1.3325 (R1). In such case we would suggest next target at 1.3339 (R2) and any further rise would then be limited to final resistance at 1.3354 (R3). Downwards scenario: Instrument looks overbought and we expect to see some consolidation pattern ahead. Risk of possible price regress is seen below the support level at 1.3299 (S1). Break here would suggest lower targets at 1.3283 (S2) and 1.3268 (S3) in potential.

Resistance Levels: 1.3325, 1.3339, 1.3354
Support Levels: 1.3299, 1.3283, 1.3268

GBPUSD :
HIGH 1.58316 LOW 1.58131 BID 1.58144 ASK 1.58146 CHANGE -0.01% TIME 08 : 53:12

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Mark at 1.5837 (R1) acts as next resistive barrier on the way if the pair keeps it upside potential. Break here is required to achieve higher targets at 1.5861 (R2) and 1.5886 (R3) later on today. Downwards scenario: Medium term bias is clearly positive however we expect recovery action if the price manages to overcome key supportive bastion at 1.5800 (S1). In such case we would suggest next intraday targets at 1.5775 (S2) and 1.5748 (S3).

Resistance Levels: 1.5837, 1.5861, 1.5886
Support Levels: 1.5800, 1.5775, 1.5748

USDJPY :
HIGH 99.99 LOW 99.394 BID 99.493 ASK 99.495 CHANGE -0.39% TIME 08 : 53:13

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: USDJPY tested negative territory today though appreciation above the resistive structure at 99.69 (R1) might shift short-term tendency to the bullish side and validate our intraday targets at 99.88 (R2) and 100.08 (R3). Downwards scenario: Failure to establish corrective structure might lead to further downtrend evolvement later on today. Penetration below the support at 99.33 (S1) would suggest next intraday targets at 99.14 (S2) and 98.96 (S3) in perspective.

Resistance Levels: 99.69, 99.88, 100.08
Support Levels: 99.33, 99.14, 98.96

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

#95
alayoua
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2013-09-13T09:36:14Z

Forex Technical & Market Analysis FXCC Sep 13 2013

Countdown for QE taper fireworks is on!

The judgment day for the Fed, Sept 17, is nearing, and the market is preparing accordingly for what may represent the most important monetary policy decision taken in years, as the start of QE taper gets kick-started. Even if the next FOMC meeting comes on the back of a rather disappointing NFP past Friday, the communication strategy carried out by Chairman Ben Bernanke & Co. so far suggest that some sort of light taper should be expected, or else the sell-off in the USD might be one that make headlines all over the world. According to Adam Button, Editor at Forexlive, "The market has settled on $10 billion as the most-likely size for the Fed’s taper next week", anticipating that "larger and the dollar will rally hard, smaller and it will fall."

Meanwhile, Treasury traders seem to be perceive the taper being priced in less than 10bln, which makes a bullish case for a stronger USD for those supporting odds for a more aggressive taper. If this scenario happens to be true, some long USD plays vs other G10 currencies such as the NZD, EUR or even the CAD, might be a great play based on this assumption. As Button notes: "I think it’s clear that a taper is coming but the Fed could still change its mind on the size and the messages that accompany it. Two reports in the days ahead could change their thinking: retail sales on Friday and the CPI on Monday."
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
24h | EMU EcoFin Meeting
2013-09-13 12:30 GMT | US Retail Sales (MoM) (Aug)
2013-09-13 13:55 GMT | US Reuters/Michigan Consumer Sentiment Index (Sep)
2013-09-13 14:00 GMT | US Business Inventories (Aug)

FOREX NEWS :
2013-09-13 05:17 GMT | GBP/USD little moved after Carney, US job data
2013-09-13 04:52 GMT | NZD/USD faces formidable 0.8150/70 tech resistance
2013-09-13 04:39 GMT | USD stronger ahead of US retail sales; Gold stalls
2013-09-13 04:38 GMT | EUR/USD capped by 1.3300

EURUSD :
HIGH 1.33022 LOW 1.32644 BID 1.32677 ASK 1.32680 CHANGE -0.23% TIME 08 : 40:28

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Possibility of market strengthening is seen above the immediate resistive barrier at 1.3286 (R1). Clearance here would suggest next interim target at 1.3302 (R2) and then final aim locates at 1.3317 (R3). Downwards scenario: Further downside extension might face next supportive barrier at 1.3256 (S1). Clearance here is required to open the way towards to interim target at 1.3240 (S2) and any further price regress would then be targeting 1.3225 (S3).

Resistance Levels: 1.3286, 1.3302, 1.3317
Support Levels: 1.3256, 1.3240, 1.3225

GBPUSD :
HIGH 1.58117 LOW 1.57766 BID 1.57812 ASK 1.57816 CHANGE -0.14% TIME 08 : 40:29

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: GBPUSD tested negative side recently, however we see potential to test resistive barrier at 1.5812 (R1) later on today. Successful penetration above that level would suggest next intraday targets at 1.5838 (R2) and 1.5864 (R3) later on today. Downwards scenario: In terms of technical levels, risk of price depreciation is seen below the support level at 1.5775 (S1). Loss here would suggest to monitor marks at 1.5750 (S2) and 1.5725 (S3) as possible intraday targets.

Resistance Levels: 1.5812, 1.5838, 1.5864
Support Levels: 1.5775, 1.5750, 1.5725

USDJPY :
HIGH 99.976 LOW 99.418 BID 99.861 ASK 99.866 CHANGE 0.33% TIME 08 : 40:29

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Further price appreciation is a likely scenario for today according to the technical readings. If the pair manages to clear the barrier at 100.08 (R1), we would suggest next targets at 100.24 (R2) and 100.40 (R3). Downwards scenario: Our next supportive barrier lies at 99.72 (S1). Break here is required to enable downside expansion towards to our intraday targets at 99.54 (S2) and 99.36 (S3) in potential.

Resistance Levels: 100.08, 100.24, 100.40
Support Levels: 99.72, 99.54, 99.36

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

#96
alayoua
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2013-09-16T10:01:29Z

Forex Technical & Market Analysis FXCC Sep 16 2013

US and Russia outline diplomatic framework on Syria

Asian markets reacted positively at the open, cheering up what is perceived as a headline likely to fuel risk-on appetite, as news hit the wires on a political U.S. / Russia deal for the Syrian crisis over the weekend. Despite the easing in geopolitical tensions, there are still claims from both sides of the political spectrum in the U.S. implying the deal with Russia is a defeat by the US administration. In an interview with ABC over the weekend, Obama said limited military action should not be rule out just yet, should the Assad regime not comply to disarm its chemical arsenal. In a joint news conference between US Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov, a framework document for Syria to surrender its chemical stockpiles was outlined, with Kerry calling Assad to live up to its commitments.
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-09-16 08:00 GMT | EMU ECB President Draghi's Speech
2013-09-16 09:00 GMT | EMU Consumer Price Index - Core (YoY) (Aug)
2013-09-16 09:00 GMT | EMU Labour cost (Q2)
2013-09-16 13:15 GMT | US Industrial Production (MoM) (Aug)

FOREX NEWS :
2013-09-16 05:07 GMT | GBP/USD flirting with 1.6000 on risk-on sentiment
2013-09-16 04:40 GMT | Expecting a $20bn Fed taper - RBS
2013-09-16 04:11 GMT | USD/CHF trading just above 0.9230 support after Fed / Summers news
2013-09-16 03:51 GMT | EUR/USD spikes on much more dovish Yellen

EURUSD :
HIGH 1.33822 LOW 1.33551 BID 1.33622 ASK 1.33627 CHANGE 0.49% TIME 08 : 34:20

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Our next resistance level is placed at 1.3384 (R1). Break here would open route towards to higher target at 1.3405 (R2) and any further price advance would then be limited to 1.3426 (R3). Downwards scenario: On the other hand, prolonged movement below the supportive measure at 1.3339 (S1) is required to activate new phase of downtrend expansion. We would suggest next aim at 1.3318 (S2) and then final target could be met at 1.3295 (S3).

Resistance Levels: 1.3384, 1.3405, 1.3426
Support Levels: 1.3339, 1.3318, 1.3295

GBPUSD :
HIGH 1.59576 LOW 1.59302 BID 1.59529 ASK 1.59535 CHANGE 0.5% TIME 08 : 34:20

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: GBPUSD is approaching our next resistive measure at 0.5971 (R1) on the upside. Break here is required to enable bullish potential and expose our interim target at 1.6000 (R2). Further price appreciation would then be limited to last resistance at 1.6030 (R3). Downwards scenario: On the other hand, price devaluation below the support at 1.5919 (S1) would initiate bearish pressure. On the way our next interim support at 1.5889 (S2) en route to final aim for today at 1.5858 (S3).

Resistance Levels: 1.5971, 1.6000, 1.6030
Support Levels: 1.5919, 1.5889, 1.5858

USDJPY :
HIGH 99.104 LOW 98.456 BID 98.925 ASK 98.928 CHANGE -0.44% TIME 08 : 34:24

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

Upwards scenario: Discounted value of USDJPY determined negative bias on the medium-term perspective. From the technical side, next resistance is seen at 99.11 (R1). Only clearance here would allow possible gains, targeting 99.33 (R2) and 99.54 (R3). Downwards scenario: Risk of the market decline is seen below the support level at 98.44 (S1). Break here is required to open the way towards to immediate supports at 98.25 (S2) and 98.04 (S3).

Resistance Levels: 99.11, 99.33, 99.54
Support Levels: 98.44, 98.25, 98.04

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

#97
alayoua
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2013-09-17T11:18:59Z

Forex Technical & Market Analysis FXCC Sep 17 2013

The Fed to maintain forward guidance with firm tone, says Hilsenrath

The Federal Reserve is struggling to justify extending forward guidance as part of its strategy to maintain the recovery path according to Fedwatcher Jon Hilsenrath in his latest article on the FOMC policy meeting. The FOMC is expected to publish its interest rate and monetary policy decision on Wednesday September 18 and market is widely expecting the Fed to start its cut in the bond buying program. The Fedwatcher affirmed in his piece that "Federal Reserve officials face a communication challenge explaining their interest-rate plans when they gather for a policy meeting this week."

Their challenge is "how to justify the low interest-rate plan when their own estimates suggest an economy regaining its health." According to Hilsenrath, Fed forecasts could show "rates rising but still low" by 2016. The Fed also expects economy at "full employment" by the same year. The decision on QE tapering the $85 billion-a-month bond-buying program is now a close call "on whether to start pulling back on the QE." The Fed is now changing its emphasis from bond buying to the "low-rate pledge."
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-09-17 08:30 GMT : UK Consumer Price Index (YoY) (Jul)
2013-09-17 09:00 GMT : EMU ZEW Survey - Economic Sentiment (Aug)
2013-09-17 12:30 GMT : US Consumer Price Index (YoY) (Aug)
2013-09-17 13:00 GMT : US Net Long-Term TIC Flows (Jul)

FOREX NEWS :
2013-09-17 05:29 GMT : NZD/USD downwards in tandem with “Aussie”
2013-09-17 04:43 GMT : EUR/USD sails below EMA20 - extending trading range
2013-09-17 04:43 GMT : EUR/GBP still under the 0.84 handle ahead of German ZEW & UK CPI
2013-09-17 04:16 GMT : AUD/JPY pops up after RBA minutes

-----------------
EURUSD :
HIGH 1.33422 LOW 1.33252 BID 1.33396 ASK 1.33398 CHANGE 0.04% TIME 08 : 56:12

OUTLOOK SUMMARY Up
TREND CONDITION Upward penetration
TRADERS SENTIMENT Bullish
IMPLIED VOLATILITY High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Current price setup is looking for upwards extension possibility. Risk of the price acceleration is seen above the key resistance level at 1.3361 (R1). Clearance here would put immediate focus on the next targets at 1.3384 (R2) and then 1.3405 (R3). Downwards scenario: Our next support level is placed at 1.3321 (S1). Possible penetration below it might initiate bearish pressure and gradually push the price towards to our intraday targets at 1.3298 (S2) and 1.3275 (S3).

Resistance Levels: 1.3361, 1.3384, 1.3405
Support Levels: 1.3321, 1.3298, 1.3275

GBPUSD :
HIGH 1.59151 LOW 1.58884 BID 1.59091 ASK 1.59098 CHANGE 0.08% TIME 08 : 56:13

OUTLOOK SUMMARY Up
TREND CONDITION Downward penetration
TRADERS SENTIMENT Bearish
IMPLIED VOLATILITY High

Upwards scenario: GBPUSD resumed upwards penetration today and we see potential to expose our intraday targets at 1.5996 (R2) and 1.6030 (R3) if the price manages to overcome key resistance measure at 1.5964 (R1). Downwards scenario: Though, we still keep the bearish scenario in focus. Risk of market decline is seen below the key support level at 1.5888 (S1). Loss here would enable initial targets at 1.5853 (S2) and 1.5818 (S3).

Resistance Levels: 1.5964, 1.5996, 1.6030
Support Levels: 1.5888, 1.5853, 1.5818

USDJPY :
HIGH 99.358 LOW 99.009 BID 99.145 ASK 99.147 CHANGE 0.1% TIME 08 : 56:14

OUTLOOK SUMMARY Down
TREND CONDITION Upward penetration
TRADERS SENTIMENT Bearish
IMPLIED VOLATILITY Medium

Upwards scenario: Price strengthening is possible above the next resistance level at 99.36 (R1). Our interim target holds at 99.56 (R2) en route to our final aim for today at 99.77 (R3). Downwards scenario: However if the price manages to break our key support level at 99.00 (S1) bearish market participants might take the initiative. Our intraday support level locates at 98.79 (S2) and 98.58 (S3).

Resistance Levels: 99.36, 99.56, 99.77
Support Levels: 99.00, 98.79, 98.58

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

#98
alayoua
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2013-09-18T09:20:40Z

Forex Technical & Market Analysis FXCC Sep 18 2013
All eyes on the Fed as investors weigh September taper odds

As the September Fed monetary policy meeting is drawing near, the debate on the FOMC's possible decision to start scaling back the asset purchase program is becoming more and more heated. Recent developments, such as the disappointing August NFP numbers, as well as the ongoing Syrian conflict, have shaken economists' confidence as to whether the QE taper will really be initiated next week. “With a job market 'far from satisfactory' and a promise to adjust monetary policy depending on economic conditions, it would not be a surprise if the Fed postpones the reduction of monthly asset purchases until the next meeting in late October,” Ilian Yotov suggests. Alexandra Estiot also doesn't expect the Fed to make the move at the upcoming meeting, reasoning that “the likeliness of inflation pressures showing up is close to zero,” which means “the cost, in terms of inflation, of ending QE3 too late is nil, while the benefits, even if very difficult to clearly assess, are positive.” Despite the doubts about whether the Fed will start reducing QE in September, all of the economists agree with Steve Ruffley that the FOMC “are planning to taper by the end of the year and nothing will change this.”
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-09-18 08:30 GMT | Bank of England Minutes
2013-09-18 18:00 GMT | US Fed Interest Rate Decision
2013-09-18 18:30 GMT | US Fed's Monetary Policy Statement and press conference
2013-09-18 22:45 GMT | NZ Gross Domestic Product (YoY) (Q2)

FOREX NEWS :
2013-09-18 05:21 GMT | USD/CHF muted ahead of FOMC minutes
2013-09-18 05:05 GMT | EUR/USD rebounds from ST dip but remains below 1.3432 ceiling ahead of US data / news
2013-09-18 04:58 GMT | EUR/GBP battling to recover the 0.84 handle ahead of BoE
2013-09-18 04:32 GMT | GBP/USD holding below the flat line ahead of BOE minutes and FOMC fun

-------------------------
EURUSD :
HIGH 1.33639 LOW 1.33468 BID 1.33619 ASK 1.33621 CHANGE 0.03% TIME 08 : 43:12

OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: EURUSD trapped to the consolidation mode on the hourly chart frame after the initial uptrend formation. Next resistive barrier is seen at 1.3384 (R1), break here is required to enable next attractive points at 1.3405 (R2) and 1.3427 (R3). Downwards scenario: Yesterday low offers a key supportive measure at 1.3324 (S1). A violation here is liable to commence correction pattern on the bigger picture and expose our initial targets at 1.3301 (S2) and 1.3275 (S3).

Resistance Levels: 1.3384, 1.3405, 1.3427
Support Levels: 1.3324, 1.3301, 1.3275

GBPUSD :
HIGH 1.59146 LOW 1.58919 BID 1.59133 ASK 1.59136 CHANGE 0.07% TIME 08 : 43:13

OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: Local high offers a key resistive barrier at 1.5936 (R1). Subsequently loss here might create upside momentum and drive market price towards to our initial targets at 1.5971 (R2) and 1.6008 (R3) in potential. Downwards scenario: On the other hand, depreciation below the support level at 1.5885 (S1) would suggest next intraday target at 1.5851 (S2) and any further weakening would then be limited to final support level at 1.5816 (S3).

Resistance Levels: 1.5936, 1.5971, 1.6008
Support Levels: 1.5885, 1.5851, 1.5816

USDJPY :
HIGH 99.336 LOW 99.103 BID 99.194 ASK 99.197 CHANGE 0.08% TIME 08 : 43:13

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

Upwards scenario: Possible bullish penetration might face next challenge at 99.38 (R1). Break here would suggest next target at 99.58 (R2) en route towards to last resistance for today at 99.77 (R3). Downwards scenario: On the downside, we see potential to positively retest our supportive measure at 99.03 (S1). Clearance here is required to open route towards to our initial targets at 98.84 (S2) and 98.64 (S3) in potential.

Resistance Levels: 99.38, 99.58, 99.77
Support Levels: 99.03, 98.84, 98.64

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

#99
alayoua
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2013-09-19T09:32:59Z

Forex Technical & Market Analysis FXCC Sep 19 2013

The Fed decides to maintain the status quo; No taper

The Federal Reserve has decided to maintain its interest rate unchanged at 0.25%. Same story with the bond buying pace at $85Bn as officials need more information that the economy is growing at a sustainable pace. According to a recent press release, the Fed affirms that the pace of bond purchases depends on the economic outlook. The inflation is still low, financial market conditions are tight while the fiscal retrenchment could be damaging, so the FOMC needs more signs of progress.

"Accordingly, the Committee decided to continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month." The Fed has lowered its growth expectations and now officials forecast the US GDP to slowdown in 2016 to 2.5%-3.3% range, from 3.0%-3.5% in 2014. They see 2013 to show a 2.0%-2.3% growth in the United States. The unemployment rate is expected to finish the year around 7.2%-7.3% and to decline to 6.5%-6.8% in 2014, 5.8%-6.2% in 2015 and 5.4%-5.9% in 2016.
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-09-19 07:30 GMT | SW SNB Interest Rate Decision
2013-09-19 08:30 GMT | UK Retail Sales (YoY) (Aug)
2013-09-19 14:00 GMT | US Existing Home Sales Change (MoM) (Aug)
2013-09-19 23:50 GMT | JP Foreign investment in Japan stocks (Sep 13)

FOREX NEWS :
2013-09-19 04:52 GMT | USD licking its wounds; China markets closed
2013-09-19 04:34 GMT | USD/CHF slightly lower at 0.9119 ahead of big data; ultimate dowside may be 0.9073
2013-09-19 04:33 GMT | Fed relies heavily on low yields regarding “tapering” – RBS
2013-09-19 04:18 GMT | AUD/USD slightly downwards but still dancing close to 0.9500 area

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EURUSD :
HIGH 1.3536 LOW 1.3501 BID 1.35318 ASK 1.35320 CHANGE 0.08% TIME 08 : 40:15

OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Medium-term bias is clearly bullish oriented, however, to resume ascending structure price is required to clear the barrier at 1.3543 (R1). Next on tap locates our intraday targets at 1.3567 (R2) and 1.3593 (R3).Downwards scenario: On the other hand, our next support measure lies at 1.3499 (S1). Decline below it would enable lower targets at 1.3474 (S2) and 1.3448 (S3).

Resistance Levels: 1.3543, 1.3567, 1.3593
Support Levels: 1.3499, 1.3474, 1.3448

GBPUSD :
HIGH 1.61478 LOW 1.61146 BID 1.61302 ASK 1.61307 CHANGE -0.08% TIME 08 : 40:16

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: On the upside market might get more incentives above the immediate resistive barrier at 1.6168 (R1). If the price manages to overcome it we would suggest next intraday targets at 1.6215 (R2) and 1.6264 (R3). Downwards scenario: Although market players may prefer to increase exposure on the short positions and push the price below the support level at 1.6089 (S1). Possible price devaluation would suggest initial targets at 1.6040 (S2) and then 1.5989 (S3).

Resistance Levels: 1.6168, 1.6215, 1.6264
Support Levels: 1.6089, 1.6040, 1.5989

USDJPY :
HIGH 98.475 LOW 97.897 BID 98.280 ASK 98.282 CHANGE 0.37% TIME 08 : 40:16

OUTLOOK SUMMARY : Down
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: USDJPY is approaching our next resistance level at 98.51 (R1), keeping the short-term ascending structure intact. The break here is required for the price appreciation towards to next target at 98.86 (R2) and any further rise would then be targeting to 99.21 (R3). Downwards scenario: Negative developments might be settled below the important support level at 97.76 (S1). Any price action below it would then be targeting support level at 97.46 (S2) and then final target could be exposed at 97.14 (S3).

Resistance Levels: 98.51, 98.86, 99.21
Support Levels: 97.76, 97.46, 97.14

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

#100
alayoua
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2013-09-20T09:00:07Z

Forex Technical & Market Analysis FXCC Sep 20 2013

Asset purchase schemes remaining static.

As the tide went out on the shock decision by the FOMC regarding their asset purchase schemes remaining static, the markets in the USA appeared to pause for thought in Thursday's trading sessions. Looking at high impact news events the improved unemployment data was discounted given the fact that two states, including California, failed to proved jobs data as their computer systems were still off grid. Better news came in the form of house sales reaching a recent high, whilst the Philly Fed number came in off the scale in terms of positivity. The improved housing market news was added to by costs for U.S. home buyers predicted to fall from the highest level in two years after the Federal Reserve increased expectations that it will keep short-term interest rates at about zero percent. Rates on 30-year mortgages reached 4.93 percent in the week ended Sept 6th, the highest level seen since April 2011 and up from a record low of 3.57 percent in December, according to Mortgage Bankers Association data. The rate declined to 4.86 percent last week. Treasuries dropped the day after experiencing the biggest rally in two years as improved economic conditions made investors more certain that the Federal Reserve’s next move will be to reduce monetary stimulus. The 10-year yield rose six basis points or 0.06 percentage point to 2.75 percent late in the New York session. The price of the 2.5 percent note maturing in August 2023 dropped 17/32, or, $5.31 per $1,000 face value, to 97 26/32. The yield slid 16 basis points on Wednesday, the biggest decline since Oct 31st 2011.
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-09-20 08:30 GMT | UK Public Sector Net Borrowing (Aug)
2013-09-20 12:30 GMT | CA Consumer Price Index (YoY) (Aug)
2013-09-20 14:00 GMT | EMU Consumer Confidence (Sep)
2013-09-20 16:30 GMT | US Fed's George Speech

FOREX NEWS :
2013-09-20 05:18 GMT | RBA likely to ease again; AUD to trade heavy - NAB
2013-09-20 05:15 GMT | GBP/USD bouncing modestly at 1.6042 after downside correction day Thursday
2013-09-20 05:11 GMT | GBP/JPY finds strong supply at 160 round
2013-09-20 04:38 GMT | EUR/GBP stalling below 0.8450 ahead of Germany elections

---------------------
EURUSD :
HIGH 1.35393 LOW 1.35279 BID 1.35354 ASK 1.35357 CHANGE 0.05% TIME 08 : 47:18

OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Next hurdle that limit uptrend development lies at 1.3569 (R1). If the break occurs here we would suggest next attractive point at 1.3598 (R2) and any further rise would then be limited to final resistance at 1.3628 (R3). Downwards scenario: We placed our support level right below the local low at 1.3507 (S1). Clearance here is liable to open way towards to our interim target at 1.3474 (S2) and then might expose final aim at 1.3440 (S3).

Resistance Levels: 1.3569, 1.3598, 1.3628
Support Levels: 1.3507, 1.3474, 1.3440

GBPUSD :
HIGH 1.60462 LOW 1.60238 BID 1.60450 ASK 1.60454 CHANGE 0.09% TIME 08 : 47:19

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Immediate resistance at 1.6082 (R1) remains in near-term focus, climb above this level might open way towards to next interim target at 1.6126 (R2) and any further rise would then be limited to final resistive measure at 1.6170 (R3) Downwards scenario: On the downside, next support level locates at 1.6021 (S1). Possible penetration below this mark would open way towards to next target at 1.5978 (S2) and then any further market decline would be limited to last mark at 1.5933 (S3).

Resistance Levels: 1.6082, 1.6126, 1.6170
Support Levels: 1.6021, 1.5578, 1.5933

USDJPY :
HIGH 99.562 LOW 99.174 BID 99.253 ASK 99.257 CHANGE -0.22% TIME 08 : 47:20

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Possible uptrend development is limited now to the next resistive measure at 99.63 (R1). Clearance here is required to enable our interim target at 99.85 (R2) en route to final aim at 100.06 (R3). Downwards scenario: Penetration below the support level at 99.10 (S1) might maintain a negative tone in near term perspective. In such case we would suggest next supportive measures at 98.87 (S2) and 98.64 (S3) as possible retracement targets.

Resistance Levels: 99.63, 99.85, 100.06
Support Levels: 99.10, 98.87, 98.64

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

#101
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2013-09-23T09:42:27Z

Forex Technical & Market Analysis FXCC Sep 23 2013

Merkel wins German election, arduous coalition talks ahead...

Asian traders bought up the Euro through interbank trading, following early evidence of what later was confirmed as the best result for Merkel's conservative party in a general election since 1990, with the Chancellor receiving around 42% of all votes to keep her post as one of the most powerful women on the globe for a third term. Despite the early enthusiasm, the excitement faded pretty quick, with traders deciding to be sidelined as Merkel still faces a tough road ahead, now having to engage on coalition negotiation to form a government - a process which may take weeks if not months - after Mekel's CDU fell very short from claiming an absolute majority.

As the quiet Asian session advanced, and with the Tokyo market closed due to public holidays, the only relevant headline to outline was the Chinese HSBC PMI, which came at a 6-month high, supporting the Australian Dollar across the board. On the commodity arena, metals were hammered yet again, following Fed's Bullard comments on Friday, which triggered the 'taper trade' again, after saying that the October FOMC meeting was still 'live' in terms of tapering.-FXstreet.com
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-09-23 07:28 GMT | DE Markit Services PMI (Sep)
2013-09-23 07:58 GMT | EMU Markit Manufacturing PMI (Sep)
2013-09-23 12:58 GMT | US Markit Manufacturing PMI (Oct)
2013-09-23 13:00 GMT | ECB President Draghi's Speech

FOREX NEWS :
2013-09-23 05:18 GMT | EUR/USD still indecisive just above flat line; 1.3534 is the level to conquer for the bulls
2013-09-23 05:02 GMT | GBP/JPY upwards amidst of a Tokyo-holiday session
2013-09-23 04:33 GMT | USD/CHF finishes “abc” upside correction at 0.9122; headed lower
2013-09-23 03:56 GMT | USD/JPY bracing for takeoff?

----------------
EURUSD :
HIGH 1.35459 LOW 1.35202 BID 1.35293 ASK 1.35297 CHANGE 0.02% TIME 08 : 40:09

OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Technically, next resistive structure lies at 1.3549 (R1). Break here is required to initiate upwards action towards to next target at 1.3583 (R2) and then final aim could be exposed at 1.3618 (R3). Downwards scenario: On the other hand, current range pattern on the hourly chart suggest possible retest of our supportive measure at 1.3507 (S1). Break here is required to open way towards to initial targets at 1.3474 (S2) and 1.3440 (S3).

Resistance Levels: 1.3549, 1.3583, 1.3618
Support Levels: 1.3507, 1.3474, 1.3440

GBPUSD :
HIGH 1.60314 LOW 1.59929 BID 1.60220 ASK 1.60224 CHANGE 0.09% TIME 08 : 40:10

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: On the upside resistive structure at 1.6044 (R1) prevents possible gains. Clearance here is required to open route towards to next target at 1.6075 (R2) and then final target could be triggered at 1.6106 (R3). Downwards scenario: Local low offers a key support level on the downside. A dip below the 1.5987 (S1) would suggest next intraday targets at 1.5956 (S2) and potentially 1.5925 (S3).

Resistance Levels: 1.6044, 1.6075, 1.6106
Support Levels: 1.5987, 1.5956, 1.5925

USDJPY :
HIGH 99.359 LOW 99.084 BID 99.117 ASK 99.119 CHANGE -0.2% TIME 08 : 40:11

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Any upside actions looks limited now to resistive measure at 99.36 (R1). Break here is required to enable uptrend formation towards to higher target at 99.55 (R2). Final aim for today locates at 99.74 (R3). Downwards scenario: Fresh low formed today offers an important resistive measure at 99.04 (S1). Break here is required to drive market price towards to next visible targets at 98.86 (S2) and 98.69 (S3) later on today.

Resistance Levels: 99.36, 99.55, 99.74
Support Levels: 99.04, 98.86, 98.69

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

#102
alayoua
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2013-09-24T09:51:30Z

Forex Technical & Market Analysis FXCC Sep 24 2013

A tale of three central banks

Two European central bank presidents spoke on Monday concerning their overall relative responsibilities. European Central Bank President Mario Draghi said he’s prepared to release another long-term refinancing operation in order to provide funds to Europe’s banking system if and when needed. Unlike previous times after Mr Draghi has held court, the market reaction this time was muted. The Swiss franc is still highly valued and the central bank’s currency ceiling remains essential for safeguarding the economy, according to Swiss National Bank President Thomas Jordan in his statement on Monday. Therefore the loose peg, in relation to the value of the Swiss franc versus the euro, at circa 120, will remain in force until conditions change. The U.S. currency fell versus the majority of its sixteen major peers as a consequence of the Bank of Atlanta President Dennis Lockhart and others stating that Fed policy should focus on creating a more dynamic economy. Lockhart has continually backed the Fed’s $85 billion in monthly bond purchases that were retained last week.
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-09-24 08:00 GMT | DE IFO - Business Climate (Sep)
2013-09-24 12:30 GMT | CA Retail Sales (MoM) (Jul)
2013-09-24 14:00 GMT | US Consumer Confidence (Sep)
2013-09-24 22:45 GMT | NZ Trade Balance (YoY) (Aug)

FOREX NEWS :
2013-09-24 05:16 GMT | EUR/USD churning above support of 1.3476 ahead of German data
2013-09-24 05:01 GMT | EUR/GBP struggles to maintain the 0.8400 support
2013-09-24 04:42 GMT | GBP/USD off slightly Tuesday after brief rally Monday; key support 1.5894
2013-09-24 03:59 GMT | USD/JPY pulling back away from 99.52 resistance as Yen sees safety inflows

EURUSD :
HIGH 1.34985 LOW 1.3489 BID 1.34953 ASK 1.34955 CHANGE 0.02% TIME 08 : 47:25

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Appreciation above the resistance at 1.3517 (R1) might commence new step of the ascending structure. Our intraday targets today are placed at 1.3538 (R2) and 1.3560 (R3). Downwards scenario: Any downside fluctuations remains for now limited to the next support level at 1.3478 (S1), only clear break here would be a signal of further market easing towards to next targets at 1.3458 (S2) and 1.3437 (S3) in potential.

Resistance Levels: 1.3517, 1.3538, 1.3560
Support Levels: 1.3478, 1.3458, 1.3437

GBPUSD :
HIGH 1.60443 LOW 1.60252 BID 1.60256 ASK 1.60261 CHANGE -0.1% TIME 08 : 47:26

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Market price penetrated below the moving averages and likely close at the negative side today. Our next resistive measure lies at 1.6054 (R1), break here is required to achieve higher targets at 1.6083 (R2) and 1.6109 (R3). Downwards scenario: Possible market weakening is protected by important technical level at 1.6016 (S1). Break here is required to open road towards to interim target at 1.5989 (S2) en route to final aim at 1.5962 (S3).

Resistance Levels: 1.6054, 1.6083, 1.6109
Support Levels: 1.6016, 1.5989, 1.5962

USDJPY :
HIGH 98.93 LOW 98.662 BID 98.921 ASK 98.923 CHANGE 0.08% TIME 08 : 47:27

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: We expect possible upwards penetration. Break above the resistance at 98.93 (R1) would clear the way towards to higher target at 99.10 (R2). Further price appreciation would face then final resistive measure at 99.27 (R3) Downwards scenario: Our next support level locates at 98.63 (S1) mark. Possible penetration below this level would open way towards to next target at 98.47 (S2) and then final aim lie at 98.31 (S3) price level.

Resistance Levels: 98.93, 99.10, 99.27
Support Levels: 98.63, 98.47, 98.31

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

#103
alayoua
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2013-09-25T10:00:58Z

Forex Technical & Market Analysis FXCC Sep 25 2013

Aussie, kiwi heavy; Tokyo stained with red

Asian traders were rather inactive at the early going of Tokyo, with some Yen strength the main theme, yet as the session advanced, Aussie weakness also became dominant. In the US, following an uncertain and uneven Wall Street session after Fed’s comments on indefinite timing for bond-buying program, Asia registered mixed results in equity indexes with the Nikkei down 0.39%, pushing the yen higher. In New Zealand, the trade deficit expanded from $-771M to $-1191M beating estimates, for the worse, at $-743M. In Australia, the RBA said the banking system is liquid and in good shape and added the housing market data is strong and yet the Aussie remained heavy with slow progress upward.

Japan prepared for the tankan results next week and market participants remain on their feet to any governmental decision to increase the sales taxes as Prime Minister Abe announce a potential increase based on tankan results despite the Spring 2014 plans to proceed with the monetary policies. In the futures contracts realm, all metals printed gains with notably copper advancing on positive Chinese consumer data along with gold registering gains worth 0.66% for the first time in the week to reach $1,325.00.
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-09-25 06:00 GMT | DE Gfk Consumer Confidence Survey (Oct)
2013-09-25 10:00 GMT | UK CBI Distributive Trades Survey - Realized (MoM) (Sep)
2013-09-25 12:30 GMT | US Durable Goods Orders (Aug)
2013-09-25 14:00 GMT | US New Home Sales (MoM) (Aug)

FOREX NEWS :
2013-09-25 05:05 GMT | EUR/USD threatening Tuesday low of 1.3463 ahead of Europe open
2013-09-25 04:47 GMT | USD/JPY has downside risks in coming months - JPMorgan
2013-09-25 04:24 GMT | AUD/USD is falling as “debt-ceiling” issue looms out
2013-09-25 03:36 GMT | Gold rallies off Tuesday low at 1305.50, but runs into wall at 1326.80

-------------------
EURUSD
HIGH 1.34809 LOW 1.34619 BID 1.34719 ASK 1.34722 CHANGE -0.01% TIME 08 : 47:09

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Next resistive barrier locates at 1.3497 (R1). Violation here is required to provide a signal of further market strengthening. In such case, resistances at 1.3520 (R2) and 1.3542 (R3) acts as next attractive points for the bullish oriented traders. Downwards scenario: Further correction development might face next hurdle at 1.3458 (S1). Break here is required to open road towards to our next interim target at 1.3437 (S2), en route to final aim at 1.3415 (S3).

Resistance Levels: 1.3497, 1.3520, 1.3542
Support Levels: 1.3458, 1.3437, 1.3415

GBPUSD :
HIGH 1.60039 LOW 1.59794 BID 1.59904 ASK 1.59911 CHANGE -0.07% TIME 08 : 47:09

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: A violation of next resistance at 1.6021 (R1) might call for a run towards to next target at 1.6060 (R2) and any further appreciation would then be limited to final target at 1.6097 (R3). Downwards scenario: As long as price stays below the 20 SMA our technical outlook would be negative. Extension lower the key support level at 1.5954 (S1) is being able to drive market price towards to our next targets at 1.5912 (S2) and 1.5870 (S3).

Resistance Levels: 1.6021, 1.6060, 1.6097
Support Levels: 1.5954, 1.5912, 1.5870

USDJPY :
HIGH 98.798 LOW 98.557 BID 98.680 ASK 98.682 CHANGE -0.06% TIME 08 : 47:10

OUTLOOK SUMMARY : Down
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Neutral tone remains favored on the hourly chart frame, however possible extension above the resistive measure at 98.92 (R1) would suggest next intraday targets at 99.07 (R2) and 99.21 (R3). Downwards scenario: On the other hand, new phase of downtrend formation might commence below the important support level at 98.56 (S1). Break here is required to validate our targets at 98.41 (S2) and 98.26 (S3) later on today.

Resistance Levels: 98.92, 99.07, 99.21
Support Levels: 98.56, 98.41, 98.26

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

#104
alayoua
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2013-09-26T10:34:54Z

Forex Technical & Market Analysis FXCC Sep 26 2013

SPX drop longest since 'fiscal cliff' debacle of December 2012

The SPX has dropped over 1.9 percent during the past five trading days as investors remain cautious as to whether or not the pending government shutdown will eventually harm USA economic growth. The current fall is now the longest witnessed on the index since Dec 28th 2012, when USA lawmakers clashed over the impending automatic spending cuts and tax increases known as the "fiscal cliff". Sterling advanced 0.4 percent to $1.6070 late in the London session after rising to $1.6163 on Sept 18th, which was the highest level seen since Jan 11th. The U.K. currency was little changed at 84.22 pence per euro after appreciating to 83.53 pence on Sept 18th, the strongest level seen since Jan 17th. Sterling strengthened towards its eight-month high versus the dollar after a gauge of U.K. retail sales from the UK's CBI increased in September, adding to signs the U.K. economy is improving, slowly. Sterling rose versus all of its 16 major counterparts before a report today that analysts believe will confirm that the U.K. economy expanded last quarter by the estimated 0.7%. The pound has in fact been the best performer during the past six months, appreciating 5.8 percent versus the dollar.
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-09-26 08:30 GMT | UK Gross Domestic Product (YoY) (Q2)
2013-09-26 12:30 GMT | US Gross Domestic Product Annualized (Q2)
2013-09-26 14:00 GM | US Pending Home Sales (YoY) (Aug)
2013-09-26 23:30 GMT | JP National CPI Ex Food, Energy (YoY) (Aug)

FOREX NEWS :
2013-09-26 05:37 GMT | USD/JPY surges as Nikkei cracks the 14,500
2013-09-26 05:36 GMT | EUR/USD gathering steam for another upside move ahead of European
2013-09-26 04:28 GMT | GBP/USD consolidating big gains from Wednesday; first support 1.6046
2013-09-26 03:17 GMT | GBP/JPY propelled to 159.27 highs

-------------------
EURUSD
HIGH 1.35306 LOW 1.35116 BID 1.35209 ASK 1.35213 CHANGE -0.03% TIME 08 : 47:50

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: An element of resistive measures could be found at 1.3538 (R1). Clearance here would suggest further uptrend development towards to our interim target at 1.3562 (R2). Final aim locates today at 1.3584 (R3). Downwards scenario: On the other side, depreciation below the support barrier at 1.3507 (S1) might provide sufficient space for the recovery action. In such case we would suggest next intraday targets at 1.3483 (S2) and then 1.3459 (S3).

Resistance Levels: 1.3538, 1.3562, 1.3584
Support Levels: 1.3507, 1.3483, 1.3459

GBPUSD
HIGH 1.60865 LOW 1.60671 BID 1.60771 ASK 1.60775 CHANGE -0.01% TIME 08 : 47:51

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: On the upside, fractals level at 1.6090 (R1) offers an important resistive structure. Any penetration above that level would suggest next intraday targets at 1.6114 (R2) and 1.6137 (R3). Downwards scenario: On the other hand, our bearish expectations remain intact below the key support level at 1.6055 (S1). Price penetration below it would allow further declines towards to lower targets at 1.6031 (S2) and 1.6006 (S3).

Resistance Levels: 1.6090, 1.6114, 1.6137
Support Levels: 1.6055, 1.6031, 1.6006

USDJPY
HIGH 99.11 LOW 98.269 BID 98.893 ASK 98.896 CHANGE 0.47% TIME 08 : 47:52

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Market remains relatively stable above the moving averages. Clearance of next resistance level at 99.11 (R1) might initiates bullish pressure and expose our intraday targets at 99.26 (R2) and 99.42 (R3) later on today. Downwards scenario: Clearance of our support at 98.68 (S1) is required to determine negative intraday bias and enable lower target at 98.51 (S2) and then any further market depreciation would suggest final aim at 98.34 (S3).

Resistance Levels: 99.11, 99.26, 99.42
Support Levels: 98.68, 98.51, 98.34

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

#105
alayoua
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2013-09-27T09:47:58Z

Forex Technical & Market Analysis FXCC Sep 27 2013

USA Congress still at odds over debt ceiling

Despite the hope that the USA will eventually agree a new debt ceiling, U.S. Congress has failed to pass the necessary budget, Republicans and Democrats continue to disagree over whether to stop funding the 2010 health-care initiative known as Obamacare, thereby threatening a a government shutdown by Oct 1st. Equities rose in Thursday's trading sessions, with the Standard & Poor’s 500 Index rising by 0.4 percent to 1,698.67 at the close in the New York session. The yield on the 10-year Treasury note also climbed two basis points, or 0.02 percentage point, to 2.65 percent. Other data sets published on Thursday may have confirmed that the USA economy improved in the second quarter of 2013, however, positive GDP numbers were countered by fewer Americans signing contracts to buy previously owned homes in August. USA GDP rose at a 2.48% percent annual rate, unrevised from the previous estimate, after expanding 1.1 percent in the first quarter, the USA Commerce Department reported. The index of pending home sales fell 1.6 percent, the recent rise in mortgage rates slowing momentum in the housing market, according to figures from the National Association of Realtors.
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-09-27 12:00 GMT | DE.Harmonised Index of Consumer Prices (YoY) (Sep)Preliminar
2013-09-27 12:00 GMT | DE.Consumer Price Index (MoM) (Sep)Preliminar
2013-09-27 12:30 GMT | US.Personal Spending (Aug)
2013-09-27 12:30 GMT | US.Personal Income (MoM) (Aug)

FOREX NEWS :
2013-09-27 05:01 GMT | EUR/CHF at six-week low
2013-09-27 04:02 GMT | EUR/USD under pressure on Italian political uncertainty
2013-09-27 02:53 GMT | AUD/JPY dives to 92.13 bottoms
2013-09-27 02:37 GMT | EUR/JPY cracks down to 133.02 lows

EURUSD :
HIGH 1.3491 LOW 1.34742 BID 1.34868 ASK 1.34871 CHANGE -0.01% TIME 08 : 11:57

OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Resistance level at 1.3504 (R1) acts as reference point for further market strengthening. Break here is required to enable next interim target at 1.3523 (R2) en route towards to final aim for today at 1.3542 (R3). Downwards scenario: Next challenge on the downside is seen at 1.3472 (S1). Breakthrough of this mark would open way for a downside expansion and could possibly trigger our initial targets at 1.3452 (S2) and 1.3435 (R3) later on today.

Resistance Levels: 1.3504, 1.3523, 1.3542
Support Levels: 1.3472, 1.3452, 1.3435

GBPUSD :
HIGH 1.60532 LOW 1.603 BID 1.60506 ASK 1.60511 CHANGE 0.06% TIME 08 : 11:57

OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Our attention on the upside is put to the next resistive barrier at 1.6139 (R1). Break here is required to stimulate bullish forces to expose initial targets at 1.6170 (R2) and 1.6206 (R3) later on today. Downwards scenario: We do expect some pull-backs development on the downside below the support level at 1.6030 (S1). Short-term momentum on the negative side might open the way towards to immediate supports at 1.6000 (S2) and 1.5964 (S3).

Resistance Levels: 1.6139. 1.6170, 1.6206
Support Levels: 1.6030, 1.6000, 1.5964

USDJPY :
HIGH 99.04 LOW 98.624 BID 98.634 ASK 98.636 CHANGE -0.34% TIME 08 : 11:58

OUTLOOK SUMMARY : Down
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Market remains sideways oriented. Next hurdle on the upside might be found at 99.05 (R1). Break here would open road towards to our interim aim at 99.33 (R2) and enable final intraday resistive measure at 99.58 (R3). Downwards scenario: On the other hand, our next support level aligns at 98.56 (S1) and possible price regress below it might encounter downside rally. In such scenario we would suggest next intraday targets to be placed at 98.25 (S2) and 97.97 (S3).

Resistance Levels: 99.05, 99.33, 99.58
Support Levels: 98.56, 98.25, 97.97

Source: FX Central Clearing Ltd,( http://www.fxcc.com ÷ñÒ242...êÖ2õæ÷ )

#106
alayoua
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2013-09-30T10:11:14Z

Forex Technical & Market Analysis FXCC Sep 30 2013

Equity index futures fall sharply, USA Government shutdown approaches as lawmakers fail to broker agreement

Concerns that the budget stalemate, at the heart of the USA government, will affect economic growth caused the Standard & Poor’s 500 Index to experience its first weekly drop since August. The index dropped 1.1 percent last week. The rate on 10-year Treasury notes fell three basis points to 2.62 percent. Equity index futures took a substantial hit immediately the market opened Sunday evening; the DJIA down 0.72% - with the critical level of 15,000 back on the radar. The SPX was down 0.79%. European equity index futures also took an immediate hit, with UK FTSE down 0.77% and the MIB down 1.25%. The dollar and the euro fell sharply in early trade on Sunday evening, the greenback falling by 0.5% versus yen. Being perceived as a safe haven yen also rose versus the euro, loonie, Aussie, sterling and the Swiss franc amongst the major peers. In a USA government shutdown, essential operations with dedicated funding would continue. A shutdown could reduce fourth-quarter economic growth by as much as 1.4 percentage points according to economists. The biggest effect would come from the output lost from temporarily laid off workers.
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-09-30 09:00 GMT | EMU Consumer Price Index - Core (YoY) (Sep)
2013-09-30 12:30 GMT | CA Gross Domestic Product (MoM) (Jul)
2013-09-30 13:45 GMT | US Chicago Purchasing Managers' Index (Sep)
2013-09-30 23:30 GMT | JP Unemployment Rate (Aug)

FOREX NEWS :
2013-09-30 05:30 GMT | AUD/USD off the session lows; 0.9282 is last hope for bulls
2013-09-30 04:48 GMT | USD/CHF under pressure on US government close “jitters”
2013-09-30 03:52 GMT | USD/JPY starting to weaken after bouncing around after Japanese data
2013-09-30 03:06 GMT | NZD/USD down, but holding its own unlike many other “risk currencies”

------------------
EURUSD :
HIGH 1.35067 LOW 1.34774 BID 1.34980 ASK 1.34983 CHANGE -0.18% TIME 08 : 38:12

OUTLOOK SUMMARY : Neutral
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Price comfortably ranging on the hourly chart, however we see potential to overcome our next resistive barrier at 1.3512 (R1) later on today. Any prolonged movement above it would suggest next intraday targets at 1.3530 (R2) and 1.3550 (R3). Downwards scenario: On the downside our attention is shifted to the immediate support level at 1.3471 (S1). Break here is required to enable bearish forces and expose our intraday targets at 1.3454 (S2) and 1.3437 (S3)

Resistance Levels: 1.3512, 1.3530, 1.3550
Support Levels: 1.3471, 1.3454, 1.3437

GBPUSD :
HIGH 1.61812 LOW 1.61387 BID 1.61646 ASK 1.61654 CHANGE 0.17% TIME 08 : 38:12

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

Upwards scenario: Measures of resistance might be activating when the pair approaches 1.6180 (R1). Break here would suggest next interim target at 1.6210 (R2) and If the pair keeps its momentum we would expect an exposure of 1.6238 (R3). Downwards scenario: Risk of market weakening is seen below the support level at 1.6139 (S1). Loss here is required to enable our supportive barrier at 1.6111 (S2) en route towards to final target for today at 1.6083 (S3).

Resistance Levels: 1.6180, 1.6210, 1.6238
Support Levels: 1.6139, 1.6111, 1.6083

USDJPY :
HIGH 98.054 LOW 97.674 BID 97.910 ASK 97.913 CHANGE -0.32% TIME 08 : 38:13

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Upside formation is limited now to the next resistive barrier at 98.09 (R1). Clearance here is required to provide a space for a move towards to next target at 98.29 (R2) and then final aim could be found at 98.50 (R3). Downwards scenario: Successful retest of our next support level at 97.66 (S1) might provide sufficient momentum for the price acceleration towards to interim target at 97.46 (S2) and then final aim for today could be exposed at 97.26 (S3).

Resistance Levels: 98.09, 98.29, 98.50
Support Levels: 97.66, 97.46, 97.26

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

#107
alayoua
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2013-10-01T09:43:34Z

Forex Technical & Market Analysis FXCC Oct 01 2013

The US government shutdown - truth or dare

Early in the overnight/early morning session we'll have received the RBA decision regarding the base rate for Australia, this will be accompanied by a statement concerning the decision, which is expected to keep the current rate at 2.5%. The U.S. government looks set for its first partial shutdown in over 17 years, with no signs of compromise from the Congress or the White House. The U.S. has had 17 funding gaps from 1977 to 1996. In 1995 and 1996, interruptions lasted from Nov 14th to Nov 19th and from Dec 16th to Jan 6th, as Republicans led by House Speaker Newt Gingrich clashed with President Bill Clinton. Equity index futures are down on the USA equity markets, the DJIA equity index future is down 0.98 at the time of writing, leaving the index at 15046, very close to the critical 15,000 level. SPX equity index future is down 0.62%. European equity index futures are mainly in the red, STOXX down 0.9%, FTSE down 0.79% and the DAX down 0.87%. The U.S. Dollar Index, tracking the performance of a basket of the 10 leading global currencies versus the dollar, fell for a second trading-day, declining by 0.1 percent to 1,011.85 late in the New York session, after weakening by as much as 0.2 percent. The yen was little changed at 98.30 per dollar after touching 97.50, the strongest level since Aug 29th. Japan’s currency fell 0.1 percent to 132.93 versus the euro after appreciating to 131.38, the strongest level witnessed since Sept 9th. The euro was little changed at $1.3527.
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-10-01 09:00 GMT | EU.EMU Unemployment Rate (Aug)
2013-10-01 12:58 GMT | US. Markit Manufacturing PMI (Oct)
2013-10-01 14:00 GMT | US. Construction Spending (MoM) (Aug)
2013-10-01 14:00 GMT | US. ISM Manufacturing PMI (Sep)

FOREX NEWS :
2013-10-01 05:18 GMT | AUD/JPY continues short-term upside following Aussie rate decision and comments
2013-10-01 04:39 GMT | EUR/USD eyes 1.3550 as shutdown kicks in
2013-10-01 04:31 GMT | USD/JPY slipping and sliding now that US government shutdown is a reality
2013-10-01 04:01 GMT | GBP/USD is spiking as the Senate votes down the House spending bill

---------------------
EURUSD :
HIGH 1.35519 LOW 1.35174 BID 1.35448 ASK 1.35452 CHANGE 0.14% TIME 08 : 24:34

OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Next resistance level is seen at 1.3555 (R1). Subsequently loss here might create upside momentum and drive market price towards to our initial targets at 1.3578 (R2) and 1.3600 (R3) in potential. Downwards scenario: Possible pull back development is limited now to the key supportive barrier at 1.3517 (S1). Only loss here would be considered as a beginning of a retracement expansion. Our intraday targets locates at 1.3472 (S2) and 1.3435 (S3).

Resistance Levels: 1.3555, 1.3578, 1.3600
Support Levels: 1.3517, 1.3472, 1.3435

GBPUSD :
HIGH 1.62465 LOW 1.61823 BID 1.62370 ASK 1.62374 CHANGE 0.32% TIME 08 : 24:35

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: The local peak at 1.6247 (R1) offers an important resistive level. Any penetration above it might shift the balance to the bullish side and validate our intraday targets at 1.6279 (R2) and 1.6308 (R3). Downwards scenario: On the downside our attention is shifted to the immediate support level at 1.6207 (S1). Break here is required to enable bearish forces and expose our intraday targets at 1.6180 (S2) and 1.6139 (S3).

Resistance Levels: 1.6247, 1.6279, 1.6308
Support Levels: 1.6207, 1.6180, 1.6139

USDJPY :
HIGH 98.728 LOW 98.031 BID 98.124 ASK 98.129 CHANGE -0.09% TIME 08 : 24:36

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Neutral
IMPLIED VOLATILITY : Medium

Upwards scenario: Break above the next resistance level at 98.56 (R1) is required to generate upside action and trigger our intraday targets at 98.81 (R2) and 99.05 (R3). Downwards scenario: Further correction development is limited now to the session low - 97.95 (S1). If the price manages to surpass it we would suggest next intraday targets at 97.63 (S2) and 97.30 (S3).

Resistance Levels: 98.56, 98.81, 99.05
Support Levels: 97.95, 97.63, 97.30

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

#108
alayoua
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2013-10-02T09:37:12Z

Forex Technical & Market Analysis FXCC Oct 02 2013

Ben Bernanke may delay taper if shut down impasse continues

The Swiss franc appears to have become the safe haven currency of choice during the USA partial govt. shutdown. The Swiss franc rose to its highest level versus the dollar in nineteen months as a partial shutdown of the U.S. government increased demand for Switzerland’s currency as a safe haven currency. The franc is typically sought by investors seeking safety at times of heightened global stress and it climbed versus all but two of its 16 major currency peers during Tuesday's trading sessions. Versus the USD it strengthened through 90 cents per dollar for the first time since Feb. 29, 2012. The Swiss currency rose 0.3 percent to 90.23 centimes per dollar at 10:50 a.m. in Zurich, after rising to as much as 89.93 centimes. Versus the euro it was little changed at 1.2225. The dollar traded at close to its lowest level seen since February as the partial shutdown of the U.S. government increased speculation that the Federal Reserve will persevere with its asset purchases, therefore weakening the currency. The U.S. currency was little changed at $1.3526 per euro after depreciating to $1.3588, the weakest level seen since Feb 6th. The yen gained by 0.3 percent to 98 per dollar and climbed 0.3 percent to 132.55 per euro.

FOREX ECONOMIC CALENDAR :
2013-10-02 11:45 GMT | ECB Interest Rate Decision
2013-10-02 12:30 GMT | ECB Monetary policy statement and press conference
2013-10-02 19:30 GMT | US Fed's Bernanke Speech
2013-10-02 23:50 GMT | JP Foreign investment in Japan stocks

FOREX NEWS :
2013-10-02 04:48 GMT | EUR/USD sitting on the fence ahead of ECB
2013-10-02 04:11 GMT | GBP/AUD soars on dismal AUD data
2013-10-02 03:46 GMT | RBA next rate cut delayed till February - NAB
2013-10-02 03:12 GMT | Japan’s the black sheep among winning indexes in Asia

EURUSD :
HIGH 1.35282 LOW 1.35074 BID 1.35240 ASK 1.35244 CHANGE -0.01% TIME 08 : 32:56

OUTLOOK SUMMARY : Neutral
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Fractals level at 1.3536 (R1) offers a key resistive measure on the upside. Break here is required to enable bullish pressure and validate next target at 1.3551 (R2). Final support for today locates at 1.3566 (R3). Downwards scenario: As long as price stays below the next resistance level our technical outlook would be negative. Next on tap is support level at 1.3506 (S1). Penetration below this mark would suggest next targets at 1.3491 (S2) and 1.3475 (S3).

Resistance Levels: 1.3536, 1.3551, 1.3566
Support Levels: 1.3506, 1.3491, 1.3475

GBPUSD :
HIGH 1.62001 LOW 1.61625 BID 1.61790 ASK 1.61795 CHANGE -0.1% TIME 08 : 32:57

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: Possible upwards extension above the resistance level at 1.6210 (R1) is liable to commence medium-term bullish structure. Important fractal levels offers next targets at 1.6238 (R2) and 1.6265 (R3) in potential. Downwards scenario: Risk of further correction expansion is seen below the support barrier at 1.6158 (S1). Break here is required to enable our intraday targets at 1.6130 (S2) and 1.6103 (S3) on the downside.

Resistance Levels: 1.6210, 1.6238, 1.6265
Support Levels: 1.6158, 1.6130, 1.6103

USDJPY :
HIGH 98.085 LOW 97.639 BID 97.648 ASK 97.651 CHANGE -0.37% TIME 08 : 32:57

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

Upwards scenario: Fresh portion of the economic data releases might increase volatility later on today. Clearance of our next resistive barrier at 98.09 (R1) is required to push the price towards to our next visible targets at 98.33 (R2) and 98.56 (R3). Downwards scenario: As long as price stays below the moving averages our short-term outlook would be negative. Possible extension lower the 97.50 (S1) is being able to drive market price towards to initial supports at 97.25 (S2) and 97.01 (S3).

Resistance Levels: 98.09, 98.33, 98.56
Support Levels: 97.50, 97.25, 97.01

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

#109
alayoua
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2013-10-04T08:49:40Z

Forex Technical & Market Analysis FXCC Oct 04 2013

US interest rates could skyrocket

Due to the govt. shutdown there will be no NFP number printed by the BLS on Friday. Two FOMC members hold court in the afternoon session, once again, despite the turmoil in govt. due to the shutdown, investors will be looking for clues with regards to potential tapering of the Fed's $85 billion per month asset purchase scheme. The US Treasury warned on Thursday that the budget impasse between the Republicans and Democrats in Washington risked plunging the world's biggest economy into its worst slump since the Great Depression; "A default would be unprecedented and has the potential to be catastrophic. Credit markets could freeze, the value of the dollar could plummet, US interest rates could skyrocket, the negative spillovers could reverberate around the world, and there might be a financial crisis and recession that could echo the events of 2008 or worse."
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2011-08-10 06:00 GMT | DE Producer Price Index (MoM) (Aug)
2011-08-10 09:00 GMT | EMU Producer Price Index (YoY) (Aug)
2011-08-10 14:00 GMT | CA Ivey Purchasing Managers Index (Sep)
2011-08-10 17:45 GMT | US Fed Minneapolis's Narayana Kocherlakota speech

FOREX NEWS :
2013-10-04 05:49 GMT | Asian bourses closing on the down side
2013-10-04 04:19 GMT | EUR/GBP sails its way down to 0.8423 session lows
2013-10-04 04:06 GMT | AUD/USD remains resilient amidst a poor risk-off environment
2013-10-04 03:35 GMT | EUR/USD losing momentum? Gains wiped out

-----------------
EURUSD
HIGH 1.36317 LOW 1.36183 BID 1.36259 ASK 1.36263 CHANGE 0.05% TIME 08 : 40:02

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: On the upside EURUSD is limited to the next resistive barrier at 1.3646 (R1). If the price manages to surpass this mark we would suggest next intraday targets at 1.3668 (R2) and 1.3690 (R3). Downwards scenario: Our next support level is placed at important technical level- 1.3607 (S1). Clearance here might stimulate bearish market participants to drive market price towards to our initial targets at 1.3584 (S2) and 1.3561 (S3) in potential.

Resistance Levels: 1.3646, 1.3668, 1.3690
Support Levels: 1.3607, 1.3584, 1.3561

GBPUSD :
HIGH 1.61779 LOW 1.61532 BID 1.61721 ASK 1.61726 CHANGE 0.1% TIME 08:40:03

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: On the upside potential is seen for a break above the resistance at 1.6187 (R1). In such case we would suggest next target at 1.6215 (R2) and any further rise would then be limited to final resistance at 1.6241 (R3). Downwards scenario: Medium term bias is clearly positive however we expect recovery action if the price manages to overcome key supportive bastion at 1.6150 (S1). In such case we would suggest next intraday targets at 1.6125 (S2) and 1.6099 (S3).

Resistance Levels: 1.6187, 1.6215, 1.6241
Support Levels: 1.6150, 1.6125, 1.6099

USDJPY :
HIGH 97.403 LOW 97.034 BID 97.111 ASK 97.113 CHANGE -0.15% TIME 08 : 40:04

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Mark at 97.50 (R1) acts as next resistive barrier on the way if the pair commence recovery phase. Break here is required to achieve higher targets at 97.80 (R2) and 98.10 (R3) later on today. Downwards scenario: In terms of technical levels, risk of price depreciation is seen below the support level at 96.92 (S1). Loss here would suggest to monitor marks at 96.62 (S2) and 96.33 (S3) as possible intraday targets.

Resistance Levels: 97.50, 97.80, 98.10
Support Levels: 96.92, 96.62, 96.33

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

#110
alayoua
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2013-10-07T09:53:18Z

Forex Technical & Market Analysis FXCC Oct 07 2013

Yen rises versus major peers early in the Asian session

There were no significant breaks or gaps to the upside or downside as the FX markets opened on Sunday evening. Yen made a modest rise versus the majority of its peers, but at the time of writing had failed to penetrate the significant resistance or support levels. The dollar fell for a fifth week last week, the longest stretch the greenback has experienced such a fall since April 2011, due to Congress failing to agree on a route forward to raise the $16.7 trillion U.S. debt limit, encouraging investors to seek other safe haven assets. The U.S. Dollar Index, tracking the greenback versus its 10 major peer currencies, declined by 0.3 percent last week, (the most in two weeks), to 1,009.98 in New York at the close on Friday. The dollar fell 0.8 percent to 97.48 yen, the third weekly drop. It touched 96.93, the lowest since Aug. 28th. The U.S. currency weakened by 0.3 percent to $1.3558 per euro. The yen strengthened 0.5 percent to 132.14 per euro. Sterling fell by the most last week in the dollar’s 16 most-traded peers, after reaching a nine-month high, the sell off was due to speculation that the U.K. economic recovery isn’t strong enough to warrant the early interest-rate increase the BoE governor Mark Carney had mentioned in earlier press conferences.
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-10-07 08:30 GMT | EMU Sentix Investor Confidence (Oct)
2013-10-07 12:30 GMT | CA Building Permits (MoM) (Aug)
2013-10-07 19:00 GMT | US Consumer Credit Change (Aug)
2013-10-07 23:50 GMT | Trade Balance - BOP Basis (Aug)

FOREX NEWS :
2013-10-07 05:18 GMT | Asian bourses fall sharply due to US political “jitters”
2013-10-07 04:49 GMT | AUD/USD trading in the upper level ignoring US political “woes”
2013-10-07 03:49 GMT | USD a tad weaker as US shutdown set to extend
2013-10-07 02:37 GMT | EURUSD - Uptrend intact but latest pullbacks raises some concerns - 2ndSkies

----------------
EURUSD :
HIGH 1.35742 LOW 1.35609 BID 1.35680 ASK 1.35685 CHANGE 0.09% TIME 08 : 45:02

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Next barrier on the upside lies at 1.3579 (R1). Surpassing of this level might enable our initial target at 1.3594 (R2) and any further gains would then be limited to last resistive structure at 1.3609 (R3). Downwards scenario: Positive clearance of our key support level at 1.3538 (S1) would enable next target at 1.3523 (S2) en route to our final support for today at 1.3508 (S3).

Resistance Levels: 1.3579, 1.3594, 1.3609
Support Levels: 1.3538, 1.3523, 1.3508

GBPUSD :
HIGH 1.60483 LOW 1.60153 BID 1.60325 ASK 1.60329 CHANGE 0.17% TIME 08 : 45:03

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Our next resistance level is placed at 1.6050 (R1). Break here would open route towards to higher target at 1.6068 (R2) and any further price advance would then be limited to 1.6086 (R3). Downwards scenario: Failure to establish corrective structure might lead to further downtrend evolvement later on today. Penetration below the support at 1.6005 (S1) would suggest next intraday targets at 1.5987 (S2) and 1.5970 (S3) in perspective.

Resistance Levels: 1.6050, 1.6068, 1.6086
Support Levels: 1.6005, 1.5987, 1.5970

USDJPY :
HIGH 97.338 LOW 97.021 BID 97.144 ASK 97.148 CHANGE -0.34% TIME 08 : 45:04

OUTLOOK SUMMARY : Neutral
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Price is consolidating on the hourly timeframe however we see potential to overcome our next resistance level at 97.50 (R1) later on today. Our initial targets locates at 97.73 (R2) and 97.96 (R3). Downwards scenario: On the other hand, prolonged movement below the supportive measure at 96.92 (S1) is required to activate new phase of downtrend expansion. We would suggest next aim at 96.68 (S2) and then final target could be met at 96.45 (S3).

Resistance Levels: 97.50, 97.73, 97.96
Support Levels: 96.92, 96.68, 96.45

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

#111
alayoua
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2013-10-08T10:15:03Z

Forex Technical & Market Analysis FXCC Oct 08 2013

Chinese government officials fire off warning to USA treasury

The DJIA closed down 0.90% having experienced a late sell off towards the close of the afternoon session on Monday. As the day unwound any optimism for a solution faded, as did the secular rally enjoyed mid afternoon in the New York session. The SPX followed suit, closing down 0.85% and the NASDAQ closed down 0.98%. In the Chinese government's first public comments on the deadlock, Zhu urged Washington politicians to "learn their lessons from history". A reminder that the US AAA credit rating was downgraded by S&P two years ago after the last debt ceiling standoff. Zhu said; "The United States is totally clear about China's concerns about the fiscal cliff. We ask that the United States earnestly takes steps to resolve in a timely way before October 17 the political [issues] around the debt ceiling and prevent a U.S. debt default to ensure safety of Chinese investments in the United States and the global economic recovery. This is the United States' responsibility."
http://blog.fxcc.com/market-analysis

2013-10-08 12:15 GMT | Canada. Housing Starts s.a (YoY) (Sep)
2013-10-08 16:00 GMT | Switzerland. SNB Chairman Jordan Speech
2013-10-08 23:30 GMT | Australia. Westpac Consumer Confidence (Oct)
2013-10-08 23:50 GMT | Japan. BoJ Monetary Policy Meeting Minutes

FOREX NEWS :
2013-10-08 05:00 GMT | USD/JPY pares earlier losses and strikes back above 97.00
2013-10-08 04:06 GMT | GBP/USD slightly downwards but consolidating yesterday’s gains
2013-10-08 03:28 GMT | USD/CHF pockets gains printing 0.9044 session highs
2013-10-08 01:56 GMT | EUR/USD glued to 1.3568 support

-------------------------
EURUSD :
HIGH 1.35816 LOW 1.35574 BID 1.35616 ASK 1.35618 CHANGE -0.14% TIME 08 : 13:56

OUTLOOK SUMMARY :
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Our technical outlook for the medium-term perspective remains bullish oriented. Clearance of next resistance level at 1.3583 (R1) would enable bullish pressure and open route towards to our next targets at 1.3607 (R2) and 1.3630 (R3). Downwards scenario: Medium-term bias is clearly positive however possible progress below the initial support level at 1.3560 (S1) might expose our intraday targets at 1.3542 (S2) and then 1.3517 (S3) in perspective.

Resistance Levels: 1.3583, 1.3607, 1.3630
Support Levels: 1.3560, 1.3542, 1.3517

GBPUSD :
HIGH 1.60988 LOW 1.60695 BID 1.60699 ASK 1.60703 CHANGE -0.16% TIME 08 : 13:57

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Possible upwards formation is limited now to resistive measure at 1.6099 (R1). A break above it would suggest next intraday target at 1.6122 (R2) and if the price holds its momentum we can expect price increase towards to final resistance at 1.6150 (R3). Downwards scenario: If the price manages to overcome our next support barrier at 1.6061 (S1), we expect to see further market decline towards to our next target at 1.6035 (S2) and then next stop could be found at 1.6008 (S3) mark.

Resistance Levels: 1.6099, 1.6122, 1.6150
Support Levels: 1.6061, 1.6035, 1.6008

USDJPY :
HIGH 97.134 LOW 96.566 BID 97.056 ASK 97.059 CHANGE 0.36% TIME 08 : 13:58

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Immediate resistance at 97.29 (R1) remains in near-term focus, climb above this level might open way for a stronger move towards to next interim target at 97.58 (R2) and any further rise would then be limited to final resistive measure at 97.87 (R3). Downwards scenario: On the other hand, our next support level aligns at 96.79 (S1) and possible price regress below it might encounter downside rally. In such scenario we would suggest next intraday targets to be placed at 96.43 (S2) and 96.05 (S3).

Resistance Levels: 97.29, 97.58, 97.87
Support Levels: 96.79, 96.43, 96.05

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

#112
alayoua
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2013-10-09T10:13:14Z

Forex Technical & Market Analysis FXCC Oct 09 2013

IMF lowers global growth targets as USA debt ceiling impasse drags on

The IMF now expects the global economy to expand by 2.9% in 2013 and 3.6% in 2014, down by 0.3 and 0.2 points respectively on its last predictions, made in July, despite signs of recovery in the euro area. Obama's late statement on Tuesday evening spooked the USA indices, at the start of his speech the DJIA was hovering around a 0.7% loss on the day, by the time he'd finished and the markets had closed the DJIA was down 1.07%, the SPX closed down 1.23% and the NASDAQ down a precise 2.00% on the day. Equity index futures are, at the time of writing, pointing to another negative day on both the European and USA markets. The DJIA equity index future is down 0.92%, SPX down 1.06%, NASDAQ down 1.69%. UK FTSE equity index future is down 0.91%, CAC down 0.73% and the DAX equity index future is down 0.24% The dollar increased 0.2 percent to 96.88 yen late in New York on Tuesday after gaining as much as 0.6 percent earlier in the day. The greenback was little changed at $1.3573 per euro after rising 0.2 percent earlier. The 17-nation shared common currency appreciated by 0.1 percent to 131.49 yen. The dollar rose versus 13 of its 16 most-traded peers as the U.S. political stalemate persisted and President Barack Obama warned the nation faces a “very deep recession” if Congress doesn’t raise the debt limit, fueling safe haven demand for the dollar.
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-10-09 08:30 GMT | UK Industrial Production (YoY) (Aug)
2013-10-09 14:00 GMT | UK NIESR GDP Estimate (3M) (Sep)
2013-10-09 18:00 GMT | US FOMC Minutes
2013-10-09 22:00 GMT | ECB President Draghi's Speech

FOREX NEWS :
2013-10-09 03:36 GMT | GBP/USD rally fizzles early Tuesday likely on “fade the news” reaction to Yellen news
2013-10-09 03:22 GMT | EUR/USD violates support printing 1.3562 session lows
2013-10-09 02:53 GMT | AUD/USD tumbling after poor Aussie data
2013-10-09 02:26 GMT | USD/JPY spikes to 97.36 peaks on +43 pips gains

EURUSD
HIGH 1.36046 LOW 1.35617 BID 1.35630 ASK 1.35633 CHANGE -0.08% TIME 08 : 42:32

OUTLOOK SUMMARY : Down
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: EURUSD tested negative territory today though appreciation above the resistive structure at 1.3584 (R1) might shift short-term tendency to the bullish side and validate our intraday targets at 1.3596 (R2) and 1.3607 (R3). Downwards scenario: Market decline below the support level at 1.3557 (S1) might shift market sentiment to the bearish side. In such scenario we expect next targets to be exposed today at 1.3546 (S2) and 1.3535 (S3).

Resistance Levels: 1.3584, 1.3596, 1.3607
Support Levels: 1.3557, 1.3546, 1.3535

GBPUSD
HIGH 1.61219 LOW 1.60612 BID 1.60664 ASK 1.60672 CHANGE -0.1% TIME 08 : 42:33

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: From the technical side, medium - term tendency is bearish, however new step of recovery phase is possible above the resistance level at 1.6086 (R1). Loss here would open way towards to next targets at 1.6106 (R2) and 1.6127 (R3). Downwards scenario: Our next support level is placed at 1.6058 (S1). Possible penetration below it might initiate bearish pressure and gradually push the price towards to our intraday targets at 1.6039 (S2) and 1.6019 (S3).

Resistance Levels: 1.6086, 1.6106, 1.6127
Support Levels: 1.6058, 1.6039, 1.6019

USDJPY :
HIGH 97.446 LOW 96.825 BID 97.404 ASK 97.408 CHANGE 0.56% TIME 08 : 42:34

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: USDJPY trapped to the correction phase on the hourly chart frame. Break of resistive level at 97.48 (R1) is required to enable upwards action. Next visible targets are seen at 97.67 (R2) and 97.85 (R3). Downwards scenario: Though, we still keep the bearish scenario in focus. Risk of market decline is seen below the support level at 97.18 (S1). Loss here would enable initial targets at 97.00 (S2) and 96.80 (S3).

Resistance Levels: 97.48, 97.67, 97.85
Support Levels: 97.18, 97.00, 96.80

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

#113
alayoua
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2013-10-10T11:02:43Z

Forex Technical & Market Analysis FXCC Oct 10 2013

Yellen's hard task highlighted by the minutes from the FOMC

Janet Yellen's difficult task was highlighted by the FOMC minutes published on Wednesday. Policy makers at the US Federal Reserve were split over the benefits of slowing down (tapering) its $85bn a month asset purchases in September, highlighting the difficult task facing her as she prepares to take chairmanship of the central bank. Barack Obama stepped up his discussions with Congress as USA political leaders look for a solution to the budget crisis that could leave the country without money to pay its bills before the end of the month. The president will meet senior Republicans from the House of Representatives at the White House on Thursday, after talks with members of his Democratic party on Wednesday evening. US default swaps trade has soared on debt fears. Growing investor fears that Washington could miss a payment on its debt has led to a surge in activity in the market for derivatives that insure against a US default. Commodities were hit hard in Wednesday's trading sessions; ICE WTI oil closing down 2.05% at $101.37 per barrel, NYMEX natural down 1.00% at $3.68 per therm. COMEX gold closed the day down 1.31%, silver down 2.46% at $21.89 per ounce.
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-10-10 08:00 GMT | ECB Monthly Report
2013-10-10 11:00 GMT | BoE Interest Rate Decision
2013-10-10 11:45 GMT | Bank of Japan Governor Kuroda Speech
2013-10-10 16:00 GMT | Bank of Japan Governor Kuroda Speech

FOREX NEWS :
2013-10-10 05:43 GMT | USD/CHF on a strong rally higher
2013-10-10 04:32 GMT | USD/JPY soars on Nikkei, solid data and short-covering
2013-10-10 04:30 GMT | EUR/USD working on a re-test of yesterday’s low at 1.3488
2013-10-10 03:17 GMT | GBP/USD struggling to set a solid short-term low; anywhere in 1.5841 – 1.5908 will do

EURUSD :
HIGH 1.35275 LOW 1.34876 BID 1.35034 ASK 1.35037 CHANGE -0.13% TIME 08 : 52:42

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: We see potential to test our resistive barrier at 1.3516 (R1) later on today. Successful penetration above this mark might keep bullish sentiment in play and validate our intraday targets at 1.3531 (R2) and 1.3546 (R3). Downwards scenario: On the other hand, instrument might enable bearish pressure below the support level at 1.3485 (S1) and prolong initial downtrend development. Next targets on the way locates at 1.3471 (S2) and 1.3457 (S3).

Resistance Levels: 1.3516, 1.3531, 1.3546
Support Levels: 1.3485, 1.3471, 1.3457

GBPUSD :
HIGH 1.59654 LOW 1.59142 BID 1.59405 ASK 1.59413 CHANGE -0.09% TIME 08 : 52:43

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

Upwards scenario: Fractal level offers a key resistive barrier at 1.5968 (R1). Subsequently loss here might create upside momentum and drive market price towards to our initial targets at 1.6006 (R2) and 1.6039 (R3) in potential. Downwards scenario: Fresh low offers a key supportive measure at 1.5914 (S1) on a downside. A violation here is liable to commence correction pattern on the bigger picture and expose our initial targets at 1.5878 (S2) and 1.5845 (S3).

Resistance Levels: 1.5968, 1.6006, 1.6039
Support Levels: 1.5914, 1.5878, 1.5845

USDJPY :
HIGH 97.823 LOW 97.338 BID 97.727 ASK 97.731 CHANGE 0.39% TIME 08 : 52:44

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

Upwards scenario: While price is quoted above the 20 SMA, our technical outlook would be positive. Clearance of our next resistance level at 97.87 (R1) would suggest next intraday targets at 98.01 (R2) and 98.14 (S3) in perspective. Downwards scenario: On the other hand, depreciation below the support level at 97.65 (S1) would suggest next intraday target at 97.51 (S2) and any further weakening would then be limited to final support level at 97.37 (S3).

Resistance Levels: 97.87, 98.01, 98.14
Support Levels: 97.65, 97.51, 97.37

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

#114
alayoua
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2013-10-11T10:00:42Z

Forex Technical & Market Analysis FXCC Oct 11 2013

ECB Agrees on swap line with PBOC as Chinese trade increases

The European Central Bank and the People’s Bank of China agreed to establish a bilateral currency swap line on Thursday, increasing access to trade finance in the euro area and strengthening the international use of the yuan. The swap line will be valid for three years and have a maximum size of 350 billion yuan ($57 billion) when Chinese currency is provided to the ECB and 45 billion euros ($61 billion) when money is given to the PBOC. The arrangement is available to all Eurosystem counter-parties via national central banks, it said. House Speaker John Boehner has proposed extending the federal debt limit until Nov. 22nd as a way to shift debate back to a government-spending bill. The bill wouldn’t end the partial shutdown of the government, which began Oct. 1st after Republicans insisted on changes to the 2010 health-care law. Boehner told reporters the House wants to “offer the president today the ability to move.”
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
24h | G20 Finance Ministers and Central Bank Governors Meeting
24h | IMF Meeting
2013-10-11 06:00 GMT | DE Harmonised Index of Consumer Prices (YoY) (Sep)
2013-10-11 12:30 GMT | CA Unemployment Rate (Sep)

FOREX NEWS :
2013-10-11 05:26 GMT | USD/CHF struggles to keep the 0.9100 level
2013-10-11 04:56 GMT | USD/CAD sits on the fence ahead of Canadian labor data, BoC outlook
2013-10-11 04:24 GMT | AUD/USD upwards amidst easing worries on US fiscal issues
2013-10-11 03:01 GMT | EUR/USD on steady climb to 1.3540

------------------------
EURUSD :
HIGH 1.35441 LOW 1.35178 BID 1.35347 ASK 1.35350 CHANGE 0.11% TIME 08 : 37:18

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: On the upside current structure might face next hurdle at 1.3546 (R1). Successful penetration above that mark would suggest next target zone – 1.3559 (R2) onto 1.3573 (R3) price levels. Downwards scenario: Any downside fluctuations remains for now limited to the next support barrier at 1.3517 (S1). Only clear break here would be a signal of possible market easing towards to our targets at 1.3503 (S2) and 1.3489 (S3) in potential

Resistance Levels: 1.3546, 1.3559, 1.3573
Support Levels: 1.3517, 1.3503, 1.3489

GBPUSD :
HIGH 1.59903 LOW 1.5963 BID 1.59881 ASK 1.59885 CHANGE 0.13% TIME 08 : 37:18

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Our next resistance level is placed at 1.5993 (R1). Clearance here is required to commence ascending structure towards to next target at 1.6023 (R2) and any further price appreciation would then be limited to 1.6053 (R3) mark. Downwards scenario: On the other side, a dip below the initial support level at 1.5950 (S1) is liable to trigger bearish pressure and drive market price towards to supportive means at 1.5921 (S2) and 1.5891 (S3) in potential.

Resistance Levels: 1.5993, 1.6023, 1.6053
Support Levels: 1.5950, 1.5921, 1.5891

USDJPY :
HIGH 98.552 LOW 97.921 BID 98.370 ASK 98.373 CHANGE 0.23% TIME 08 : 37:19

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: USDJPY resumed upwards penetration today and we see potential to expose our intraday targets at 98.72 (R2) and 98.88 (R3) if the price manages to overcome key resistance measure at 98.56 (R1). Downwards scenario: Possible downside pressure could be maintained if the price penetrates below the support measure at 98.24 (S1). Clearance here would open way for a price move towards to lower targets at 98.08 (S2) and 97.92 (S3).

Resistance Levels: 98.56, 98.72, 98.88
Support Levels: 98.24, 98.08, 97.92

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

#115
alayoua
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2013-10-15T08:42:39Z

Forex Technical & Market Analysis FXCC Oct 15 2013

Central Banks begin to plan for a USA default as the deadline nears

Global central banks are beginning to create contingency plans as to how they'd keep financial markets moving if the U.S. defaults. Jon Cunliffe, the Bank of England deputy governor said in testimony to U.K. Politicians on Monday; "Because in the past it’s always been sorted out is absolutely not a reason to fail to do the contingency planning. I would expect the Bank of England to be planning for it. I’d expect private-sector actors to be doing that, and in other countries as well.” Due to the Columbus Day bank holiday in the USA and Canada the main equity markets were closed and the FX markets experienced less transaction turnover on Monday. European markets mostly experienced a positive day. The STOXX index closed up 0.11%, the UK FTSE up 0.32%, the CAC closed up 0.07%, and the DAX closed down by 0.01%. The Portuguese index closed up the most in the European markets by 0.98%. Equity index futures (at the time of writing) appear to suggest that the USA main indices will tentatively open in positive territory on Tuesday; the DJIA equity index future is up 0.07%, SPX up 0.11% and the NASDAQ equity index future is up 0.15%. Commodities were mainly positive, ICE WTI oil closed the day up 0.22% at $102.24 per barrel, NYMEX natural closed up 1.17% at $3.82 per therm, COMEX gold closed the day up 0.28% at $1271.80 per ounce. Silver on COMEX was flat at the day's end at $21.27 per ounce. The dollar was little changed at 98.53 yen late in New York after weakening earlier as much as 0.5 percent to 98.08 yen. It rose 1.9 percent over the previous four days. The dollar fell 0.2 percent to $1.3565 per euro. Japan’s currency declined 0.1 percent to 133.65 per euro after weakening to 133.60 on Oct. 11th, the least since Sept. 26th. The U.S. Dollar Index, tracking the currency’s performance versus a basket of 10 leading counterparts, slid up to 0.23 percent, the biggest intraday drop since Oct. 2nd, to 1,010.07 before trading at 1,011.21, down 0.12 percent.
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-10-15 24 hours | EU. EcoFin Meeting
2013-10-15 09:00 GMT | EU. ZEW Survey - Economic Sentiment (Oct)
2013-10-15 21:45 GMT | New Zealand. Consumer Price Index (QoQ) (Q3)
2013-10-15 23:30 GMT | New Zealand. Westpac Leading Index (MoM) (Aug)

FOREX NEWS :
2013-10-15 04:31 GMT | GBP/USD heading north but also capped by 1.6000
2013-10-15 03:46 GMT | EUR/GBP modestly lower ahead of heavy data flow Tuesday
2013-10-15 01:01 GMT | EUR/USD falls to 1.3550 bottoms
2013-10-15 00:36 GMT | AUD/USD reaches 0.9523 peaks on neutral RBA minutes

----------------
EURUSD :
HIGH 1.35709 LOW 1.355 BID 1.35693 ASK 1.35697 CHANGE 0.07% TIME 08 : 17:32

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: On the upside potential is seen for a break above the resistance at 1.3599 (R1). In such case we would suggest next target at 1.3616 (R2) and any further rise would then be limited to final resistance at 1.3631 (R3). Downwards scenario: Possible pull back development is limited now to the key supportive barrier at 1.3551 (S1). Only loss here would be considered as a beginning of a retracement expansion. Our intraday targets locates at 1.3536 (S2) and 1.3517 (S3).

Resistance Levels: 1.3599, 1.3616, 1.3631
Support Levels: 1.3551, 1.3536, 1.3517

GBPUSD :
HIGH 1.59983 LOW 1.59521 BID 1.59943 ASK 1.59951 CHANGE 0.08% TIME 08 : 17:36

OUTLOOK SUMMARY : Up
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Next resistance level is seen at 1.6019 (R1). Subsequently loss here might create upside momentum and drive market price towards to our initial targets at 1.6042 (R2) and 1.6061 (R3) in potential. Downwards scenario: We do expect some pull-backs development on the downside below the support level at 1.5964 (S1). Short-term momentum on the negative side might open the way towards to immediate supports at 1.5938 (S2) and 1.5914 (S3).

Resistance Levels: 1.6019, 1.6042, 1.6061
Support Levels: 1.5964, 1.5938, 1.5914

USDJPY :
HIGH 98.703 LOW 98.415 BID 98.442 ASK 98.447 CHANGE -0.14% TIME 08 : 17:40

OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

Upwards scenario: Medium term bias remains positive however further market rise is limited now to the key resistive barrier at 98.69 (R1), clearance here is required to enable next resistances at 98.86 (R2) and last one at 99.03 (R3). Downwards scenario: In terms of technical levels, risk of price depreciation is seen below the next support level at 98.10 (S1). Loss here would suggest to monitor marks at 97.89 (S2) and 97.69 (S3) as possible intraday targets.

Resistance Levels: 98.69, 98.86, 99.03
Support Levels: 98.10, 97.89, 97.69

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

#116
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2013-10-17T10:12:07Z

Forex Technical & Market Analysis FXCC Oct 17 2013

Debt ceiling temporary solution provides temporary market relief

The debt ceiling resolution saw the DJIA rise by 1.36% on Wednesday. The compromise will fund the government through to mid-January and raise the debt ceiling through Feb. 7th. It also will set up a budget conference on long-term fiscal issues that would end no later than Dec. 13th. The Treasury Department will still be able to use "extraordinary measures" to work around the debt ceiling in the case that it is not raised by Feb. 7th. The first estimate for the euro area1 (EA17) trade in goods balance with the rest of the world in August 2013 gave a 7.1 billion euro surplus, compared with +4.6 bn in August 2012. The July 20132 balance was +18.0 bn, compared with +13.8 bn in July 2012. In August 2013 compared with July 2013, seasonally adjusted exports rose by 1.0% and imports by 0.2%. Euro area annual inflation was 1.1% in September 2013, down from 1.3% in August. A year earlier the rate was 2.6%. Monthly inflation was 0.5% in September 2013. European Union annual inflation was 1.3% in September 2013, down from 1.5% in August. A year earlier the rate was 2.7%. Monthly inflation was 0.4% in September 2013. The DJIA index closed up 1.36% on Wednesday, the SPX up 1.38% and NASDAQ up 1.20%. The debt ceiling compromise came too late to impact on European markets, STOXX index closed up 0.36%, FTSE up 0.34%, CAC closed down 0.29% and the DAX up 0.47%. The MIB closed up the most by 1.45% on the day.
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-10-17 09:00 GMT | Germany. 10-y Bond Auction
2013-10-17 12:30 GMT | USA. Initial Jobless Claims (Oct 11)
2013-10-17 14:00 GMT | USA. Philadelphia Fed Manufacturing Survey (Oct)
2013-10-17 23:50 GMT | Japan. Foreign bond investment (Oct 11)

FOREX NEWS :
2013-10-17 05:12 GMT | AUD/USD downwards despite a breach of the debt ceiling averted
2013-10-17 04:25 GMT | USD/CHF downwards despite greenback relief rally on debt progress
2013-10-17 02:32 GMT | EUR/USD jumps to 1.3550 highs; targets revisit; House says yes
2013-10-17 02:21 GMT | US House passes bill to end shutdown, raise debt ceiling

-------------------------
EURUSD :
HIGH 1.35521 LOW 1.35157 BID 1.35468 ASK 1.35473 CHANGE 0.11% TIME 08 : 21:46

OUTLOOK SUMMARY : Up
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Short- term tendency is bearish even though both moving averages are pointing up. Though risk of market strengthening is seen above the resistance level at 1.3555 (R1). Clearance here would open way towards to next targets at 1.3571 (R2) and 1.3588 (R3). Downwards scenario: On the downside our attention is shifted to the immediate support level at 1.3517 (S1). Break here is required to enable bearish forces and expose our intraday targets at 1.3498 (S2) and 1.3479 (S3).

Resistance Levels: 1.3555, 1.3571, 1.3588
Support Levels: 1.3517, 1.3498, 1.3479

GBPUSD :
HIGH 1.59861 LOW 1.59397 BID 1.59775 ASK 1.59785 CHANGE 0.19% TIME 08 : 21:47

OUTLOOK SUMMARY : Down
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: GBP/USD determined clear sideways tone on the medium-term timeframe. Possibility of market appreciation is seen above the resistance level at 1.5999 (R1). Break here is required to validate next targets at 1.6019 (R2) and 1.6042 (R3). Downwards scenario: On the other hand, price pattern suggests bearish potential if the instrument manages to overcome next support level at 1.5938 (S1). Possible price regress could expose our initial targets at 1.5914 (S2) and 1.5892 (S3) in potential.

Resistance Levels: 1.5999, 1.6019, 1.6042
Support Levels: 1.5938, 1.5914, 1.5892

USDJPY :
HIGH 99.006 LOW 98.397 BID 98.444 ASK 98.447 CHANGE -0.31% TIME 08 : 21:47

OUTLOOK SUMMARY : Down
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: Instrument consolidates from its initial uptrend formation on the hourly chart. Resistance level at 98.82 (R1) is a key technical point on the upside. Penetration above it would suggest higher targets at 99.01 (R2) and 99.20 (R3) later on today. Downwards scenario: Prolonged movement below the initial support level at 92.28 (S1) might trigger protective orders and drive the price towards to our intraday targets at 98.10 (S2) and 97.89 (S3) later on today.

Resistance Levels: 98.82, 99.01, 99.20
Support Levels: 98.28, 98.10, 97.89

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

Edited by user 2013-10-17T10:18:55Z | Reason: Not specified

#117
alayoua
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2013-10-21T10:03:01Z

Forex Technical & Market Analysis FXCC Oct 21 2013

China’s central government has called for “unrelenting” implementation of its economic policies and reform measures

Monday sees the publication of Germany's PPI figure and the monthly report from Germany's Bundesbank. Inflation is expected to come in at 0.1% month on month. In the USA another member of the Fed will hold court with the focus moving from the debt ceiling issue to the other issues affecting the USA economy, such as the throttling of monetary easing by way of tapering. Existing home sales in the USA are expected to come in at 5.31 million from the previous month's 5.48 million. Canada's wholesale sales are anticipated to print at 0.6%. USA crude oil inventory figures are suggested to fall to 3.4 million barrels from 6.8 million barrels the previous month. More arrivals from China contributed to a 7 percent increase in visitors to New Zealand in September 2013, compared with September 2012, Statistics New Zealand said today. "The 21,200 visitors from China was well up from 14,000 last September," population statistics manager Andrea Blackburn said. "This continues the strong growth in visitor numbers which we have seen from the world's most populous country in recent years." In the September 2013 year, visitor arrivals rose 3 percent to reach 2.670 million.
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
N/A | US CB Leading Indicator (MoM) (Sep)
2013-10-21 06:00 GMT | DE Producer Price Index (YoY) (Sep)
2013-10-21 14:00 GMT | US Existing Home Sales (MoM) (Sep)
2013-10-21 14:30 GMT | US EIA Crude Oil Stocks change (Oct 11)

FOREX NEWS :
2013-10-21 05:40 GMT | AUD/USD upwards ‘flirting’ with the 200-daily SMA at 0.9755
2013-10-21 05:04 GMT | USD/CHF moves on the upper level on greenback strengthening
2013-10-21 04:23 GMT | USD/JPY looking to test 200-day MA 97.15 - BBH
2013-10-21 03:33 GMT | EUR/USD opens week in the red as part of consolidation; upside eventually 1.3750?

----------------------
EURUSD :
HIGH 1.36879 LOW 1.36706 BID 1.36776 ASK 1.36779 CHANGE -0.06% TIME 08 : 53:03

OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: EURUSD clearly determined positive bias on the medium-term perspective. Penetration above the resistive measure at 1.3704 (R1) might encourage protective orders execution and drive market price towards to the next resistive means at 1.3721(R2) and 1.3739 (R3). Downwards scenario: Our next supportive measure locates at 1.3658 (S1). Break here is required to enable correction action towards to next target at 1.3641 (S2). Final support for today locates at 1.3622 (S3).

Resistance Levels: 1.3704, 1.3721, 1.3739
Support Levels: 1.3658, 1.3641, 1.3622

GBPUSD :
HIGH 1.61774 LOW 1.61522 BID 1.61706 ASK 1.61711 CHANGE 0.04% TIME 08 : 53:04

OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

Upwards scenario: On the upside fractal level at 1.6225 (R1) prevents further gains. Successful clearance here would suggest next intraday targets at 1.6248 (R2) and 1.6269 (R3). Downwards scenario: On the other hand, current range pattern on the hourly chart suggest possible retest of our supportive measure at 1.6148 (S1). Break here is required to open way towards to initial targets at 1.6125 (S2) and 1.6102 (S3).

Resistance Levels: 1.6225, 1.6248, 1.6269
Support Levels: 1.6148, 1.6125, 1.6102

USDJPY :
HIGH 98.103 LOW 97.771 BID 98.021 ASK 98.024 CHANGE 0.29% TIME 08 : 53:05

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Low

Upwards scenario: Resistance at 98.16 (R1) limits possible upwards penetration. Break here is required to enable next interim target at 98.31 (R2) en route towards to final aim for today at 98.46 (R3). Downwards scenario: On the other hand, successful retest of our support level at 97.74 (S1) would clear the way for a downtrend expansion towards to our lower targets at 97.59 (S2) and 97.43 (S3) in potential

Resistance Levels: 98.16, 98.31, 98.46
Support Levels: 97.74, 97.59, 97.43

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

#118
alayoua
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2013-10-22T09:13:17Z

Forex Technical & Market Analysis FXCC Oct 22 2013

Tuesday's NFP day, let's be careful out there

The big event of the day is the 18 day late publication of the NFP figures. Traders need to exercise caution as the figure might come in far better than predicted, but be subject to significant revisions due to the temporary govt. shutdown. The anticipation is for a print of 182K jobs created with the unemployment rate remaining steady at 7.3%. The benchmark 10-year yield rose two basis points, or 0.02 percentage point, to 2.60 percent as of 5 p.m in New York. The price of the 2.5 percent note due in August 2023 fell 6/32, or $1.88 per $1,000 face amount, to 99 1/8. The yield declined to 2.54 percent on Oct. 18th, the lowest since July 24th, down from a 2013 high of 3 percent on Sept. 6th.Treasury 10-year notes snapped a three-day advance before the NFP government report on Tuesday.

The yen fell 0.5 percent to 98.19 per dollar after gaining 1.1 percent during the previous two days. Japan’s currency declined 0.4 percent to 134.32 per euro and touched 134.38, the weakest level since Sept. 23rd. The dollar was little changed at $1.3681 per euro after gaining 0.3 percent earlier. The U.S. Dollar Index, which monitors the greenback versus a basket of 10 other major currencies, rose 0.2 percent to 1,004.55 late in New York. The gauge fell to 1,000.70 on Oct. 18th, the lowest intraday level since Feb. 13th, extending a weekly loss to 1 percent, the most in a month. The price of crude oil fell below $100 a barrel Monday after the U.S. government reported an increase in supplies. Metals prices were broadly higher and crop prices were mixed. Crude oil for November delivery fell $1.59, or 1.6 percent, to $99.22 a barrel in New York. That's the first close below $100 a barrel since July.
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-10-22 08:30 GMT | UK Public Sector Net Borrowing (Sep)
2013-10-22 12:30 GMT | US Nonfarm Payrolls (Sep)
2013-10-22 12:30 GMT | CA Retail Sales (MoM) (Aug)
2013-10-22 23:00 GMT | AU CB Leading Indicator (Aug)

FOREX NEWS :
2013-10-22 05:15 GMT | Good Chinese data leads to little movement in the markets; traders await US data
2013-10-22 05:09 GMT | Oil sits below $100, gold consolidates
2013-10-22 04:35 GMT | GBP/USD grinds slowly lower ahead of NFP data
2013-10-22 04:12 GMT | NFP likely no to have two-way directionality as usual - Rabobank

---------------------
EURUSD :
HIGH 1.36806 LOW 1.36622 BID 1.36711 ASK 1.36713 CHANGE -0.07% TIME 08 : 43:23

OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Possibility of further price progress is seen above the next resistance level at 1.3688 (R1). Breakthrough here would suggest interim target at 1.3704 (R2) and then mark at 1.3721 (R3) acts as next attractive point. Downwards scenario: As long as price stays below the 20 SMA our technical outlook would be negative. Extension lower the key support level at 1.3651 (S1) is being able to drive market price towards to our next targets at 1.3635 (S2) and 1.3618 (S3).

Resistance Levels: 1.3688, 1.3704, 1.3721
Support Levels: 1.3651, 1.3635, 1.3618

GBPUSD
HIGH 1.61475 LOW 1.61154 BID 1.61274 ASK 1.61277 CHANGE -0.11% TIME 08 : 43:24

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Retracement formation remains in power. Our next resistive measure lies at 1.6148 (R1), break here is required to achieve higher targets at 1.6173 (R2) and 1.6199 (R3). Downwards scenario: Our bearish expectations remain intact below the key support level at 1.6115 (S1). Price penetration below it would allow further declines towards to lower targets at 1.6090 (S2) and 1.6065 (S3).

Resistance Levels: 1.6148, 1.6173, 1.6199
Support Levels: 1.6115, 1.6090, 1.6065

USDJPY :
HIGH 98.364 LOW 98.136 BID 98.311 ASK 98.313 CHANGE 0.14% TIME 08 : 43:25

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Instrument gained momentum on the upside recently, turning short-term bias to the positive side. Next resistive structure on the way lies at 98.37 (R1), break here would suggest next intraday targets at 98.50 (R2) and 98.62 (R3). Downwards scenario: On the other hand, loss of our support level at 98.15 (S1) would open road for a market decline towards to our next target at 98.03 (S2). Any further price weakening would then be limited to final support at 97.90 (S3).

Resistance Levels: 98.37, 98.50, 98.62
Support Levels: 98.15, 98.03, 97.90

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

#119
alayoua
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2013-10-23T09:42:46Z

Forex Technical & Market Analysis FXCC Oct 23 2013

Markets rally as poor NFP print equals delayed monetary stimulus taper

The DJIA closed up 0.49% on Tuesday with the SPX up 0.57% and the NASDAQ up 0.24%. European markets joined in the late afternoon rally; STOXX closing up 0.57%, UK FTSE up 0.62%, CAC up 0.43% and the DAX up 0.90%. The ASE closed up 0.45%. The leader on the board in Europe was the Swiss market index, closing up 1.12% on the day, the Swiss trade balance exceeding expectations helping the index rise, the balance was up to 2.49 bn. Equity index futures are currently flat or down marginally at the time of writing, the DJIA down 0.06%, SPX down 0.09% and the NASDAQ down 0.09%. European equity index futures are up; FTSE up 0.63%, CAC up 0.45% and the DAX up 0.84% Commodities experienced mixed fortunes on Tuesday, with WTI oil finally breaching the critical psyche level of $100 a barrel by some distance. ICE WTI oil was down 1.38% on the day to finish at $98.30 per barrel. NYMEX natural was up 0.34% on the day. COMEX gold was down 0.18% on the day at $1340.30 per ounce, with silver at $22.71 down 0.35% on the day. The dollar depreciated by 0.7 percent to $1.3781 per euro late in New York time, and touched $1.3792, the weakest level since November 2011. The greenback was little changed at 98.14 yen, while the Japanese currency lost 0.7 percent to 135.25 per euro and reached 135.51, the weakest since November 2009. The Swiss franc climbed as much as 0.9 percent to 89.40 centimes per dollar before trading at 89.47. The dollar slid to its weakest level in almost two years versus the euro after lower-than-forecast U.S. employment gains added to speculation the Federal Reserve will delay reducing stimulus.
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-10-23 08:30 GMT | Bank of England Minutes
2013-10-23 14:00 GMT | BoC Interest Rate Decision (Oct 23)
2013-10-23 14:30 GMT | Bank of Canada Monetary Policy Report
2013-10-23 15:15 GMT | BoC Press Conference

FOREX NEWS :
2013-10-23 05:36 GMT | USD/JPY tumbles on sharp Nikkei falls, China banks “jitters”
2013-10-23 04:48 GMT | AUD/USD retraced all of its post Australian CPI gains
2013-10-23 04:08 GMT | EUR/JPY tumbles on a corrective pullback
2013-10-23 03:42 GMT | EUR/USD rips past ‘13 peak of 1.3710 on “no tapering” hopes – continues higher Wednesday

-------------------------
EURUSD :
HIGH 1.37928 LOW 1.37663 BID 1.37732 ASK 1.37735 CHANGE -0.06% TIME 08 : 44:43

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: EURUSD gained momentum on the upside recently and likely resume its uptrend formation. Clearance of our next resistive structure at 1.3794 (R1) would open way towards to our initial target at 1.3821 (R2) and any further market rise would then be targeting 1.3846 (R3). Downwards scenario: On the downside bearish pressure might push the price below the support at 1.3750 (S1). Further downside extension would open road towards to next target at 1.3727 (S2) and any further losses would then be limited to 1.3704 (S3) mark.

Resistance Levels: 1.3794, 1.3821, 1.3846
Support Levels: 1.3750, 1.3727, 1.3704

GBPUSD :
HIGH 1.62567 LOW 1.62101 BID 1.62164 ASK 1.62173 CHANGE -0.11% TIME 08 : 44:44

OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: Possibility of ascending structure is seen above the fractal level at 1.6259 (R1). Break here is required to clear the way towards to higher targets at 1.6286 (R2) and 1.6315 (R3). Downwards scenario: On the other hand, recovery phase might commence below the important support level at 1.6194 (S1). Break here is required to validate our targets at 1.6167 (S2) and 1.6139 (S3) later on today.

Resistance Levels: 1.6259, 1.6286, 1.6315
Support Levels: 1.6194, 1.6167, 1.6139

USDJPY :
HIGH 98.195 LOW 97.264 BID 97.440 ASK 97.443 CHANGE -0.71% TIME 08 : 44:45

OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

Upwards scenario: Possible upwards formation is limited to resistive measure at 97.56 (R1). A break above it would suggest next intraday target 97.73 (R2) and if the price holds its momentum we can expect price increase towards to final resistance at 97.89 (R3). Downwards scenario: Clearance of our support at 97.25 (S1) is required to determine negative intraday bias and enable lower target at 97.09 (S2) and then any further market depreciation would suggest final aim at 96.92 (S3).

Resistance Levels: 97.56, 97.73, 97.89
Support Levels: 97.25, 97.09, 96.92

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

#120
alayoua
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2013-10-24T09:51:09Z

Forex Technical & Market Analysis FXCC Oct 24 2013

Flash PMIs will dictate the market mood on Thursday

The DJIA closed down 0.35% on Wednesday, the recent rally, due to a temporary solution regarding the debt ceiling issue being agreed, may have now faded. The SPX closed down 0.47% and the NASDAQ down 0.57%. In Europe the STOXX index closed down 0.94%, reacting badly to the coming bank tests, the FTSE closed down 0.32%, CAC down 0.81%, DAX down 0.31%. The IBEX reacted badly to the bank test news despite crawling out of a deep recession, down 1.84% on the day. The MIB closed down 2.38%, with the Athens exchange hurting the most, down 3.82% on the day. Commodities once again endured a sell off on Wednesday, improved crude oil reserve numbers for the USA, up to 5.2 million barrels, caused WTI oil to fall by 1.22% to end at $97.10 per barrel on the day. The critical psyche level of $100 per barrel now being breached substantially with new medium term support levels being established. NYMEX natural rose by 1.06% to $3.62 per therm. COMEX gold was down 0.72% at $1333.00, with silver on COMEX down 1.01%. Equity index futures are pointing to a negative open in Europe followed by New York opening down. The DJIA equity index future is currently down 0.38%, NASDAQ down 0.42%, STOXX down 0.96%, FTSE down 0.40%, DAX down 0.35% The yen gained 0.8 percent to 134.12 per euro late in New York, after climbing as much as 1.2 percent, the biggest intraday advance since Aug. 27th. It depreciated to 135.51 Wednesday, the weakest level since November 2009. Japan’s currency strengthened 0.8 percent to 97.34 per dollar and touched 97.16, breaching its 200-day moving average at 97.28. The yen strengthened the most in eight weeks versus the euro as borrowing costs for Chinese banks jumped by the most since July affecting demand for safer assets.
http://blog.fxcc.com/market-analysis

FOREX ECONOMIC CALENDAR :
2013-10-24 07:58 GMT | EMU Markit Services PMI (Oct)
2013-10-24 14:00 GMT | US New Home Sales (MoM) (Sep)
2013-10-24 16:45 GMT | UK BOE's Governor Carney speech
2013-10-24 23:30 GMT | JP National Consumer Price Index (YoY) (Sep)

FOREX NEWS :
2013-10-24 05:07 GMT | EUR/USD continues to consolidate around 1.3780 area
2013-10-24 04:47 GMT | NZD/USD rejected off 0.8440 resistance, NZ Treasury report weighs
2013-10-24 04:20 GMT | USD/CHF breaks 2012 lows despite upbeat Chinese PMI
2013-10-24 03:06 GMT | GBP/JPY on EMA20 at 157.60

---------------------
EURUSD :
HIGH 1.37931 LOW 1.37733 BID 1.37921 ASK 1.37924 CHANGE 0.12% TIME 08 : 51:48

OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Possibility of further market appreciation is seen above the resistance level at 1.3794 (R1). Break here is required to validate next targets at 1.3821 (R2) and 1.3846 (R3) Downwards scenario: On the other hand, progress below the initial support level at 1.3761 (S1) might initiate bearish pressure and expose our intraday targets at 1.3735 (S2) and 1.3710 (S3) later on today.

Resistance Levels: 1.3794, 1.3821, 1.3846
Support Levels: 1.3761, 1.3735, 1.3710

GBPUSD :
HIGH 1.62025 LOW 1.61623 BID 1.61914 ASK 1.61917 CHANGE 0.18% TIME 08 : 51:49

OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Measures of resistance might be activating if the pair approaches 1.6225 (R1) price level. Break here would suggest next interim target at 1.6257 (R2) and If the price keeps its momentum we expect an exposure of 1.6287 (R3). Downwards scenario: Possible downward penetration is limited now to support level at 1.6157 (S1). If the price manages to surpass it, we would suggest next intraday targets at 1.6128 (S2) and 1.6099 (S3).

Resistance Levels: 1.6225, 1.6257, 1.6287
Support Levels: 1.6157, 1.6128, 1.6099

USDJPY :
HIGH 97.617 LOW 97.175 BID 97.597 ASK 97.599 CHANGE 0.24% TIME 08 : 51:50

OUTLOOK SUMMARY : Down
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Corrective action is possible today. Clearance of next resistance level at 97.56 (R1) would suggest next intraday targets at 97.75 (R2) and 97.96 (R3) later on today. Downwards scenario: On the other side, current price pattern suggests bearish potential if the instrument manages to overcome key support level at 97.15 (S1). Further price regress is liable to expose our initial targets at 96.96 (S2) and 96.77 (S3).

Resistance Levels: 97.56, 97.75, 97.96
Support Levels: 97.15, 96.96, 96.77

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

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