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alayoua 10-05-2013 11:45 Forex Technical & Market Analysis FXCC May 10 2013   Forex Technical & Market Analysis FXCC May 10 2013 Will a busy economic schedule next week be the catalyst for EUR/USD? The EUR/USD finished the day down 116 pips at 1.3044. Economic data was quiet for the most part but weekly jobless claims out of the US came in better than expected at 323k vs. 3.35k forecast. The US Dollar was well bid across the board, with the majority of action taking place in the USD/JPY which crossed the 100 threshold for the first time in four years. This seemed to help provide additional USD buying against other pairs, and also helped limit advances in commodities which were primarily lower for the day. Economic releases out of the Eurozone in the coming session include German Trade Balance, Italian Industrial Production, and EU Consumer Price Index. After the better than expected jobs number past Friday, and another week of improvement in continued claims, some analysts view it as a sign the US Dollar could be set up for further gains in coming weeks. Furthermore, if we see continued gains in USD/JPY it could also be a tailwind and help the US Dollar remain well bid in other pairs. [url]https://support.fxcc.com/email/technical/10052013/[/url] FOREX ECONOMIC CALENDAR : 2013-05-10 12:30 GMT | US.Fed's Bernanke Speech 2013-05-10 12:30 GMT | CA.Unemployment Rate (Apr) 2013-05-10 12:30 GMT | CA.Net Change in Employment (Apr) 2013-05-10 12:30 GMT | CA.Participation rate (Apr) FOREX NEWS : 2013-05-10 04:36 GMT | Kiwi edging lower in Asia trade 2013-05-10 01:59 GMT | USD/JPY, bulls officially staring at 101.00 from the rear mirror 2013-05-10 01:03 GMT | AUD/USD feeling the selling pressure ahead of RBA statement 2013-05-10 00:28 GMT | USD/JPY completes ‘pennant’ pattern on daily chart, further gains ahead? ---------------------- EURUSD HIGH 1.30467 LOW 1.30214 BID 1.30451 ASK 1.30455 CHANGE 0.03% TIME 08 : 20:08 OUTLOOK SUMMARY Down TREND CONDITION Downward penetration TRADERS SENTIMENT Bullish IMPLIED VOLATILITY Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Possibility of market strengthening is seen above the immediate resistive barrier at 1.3056 (R1). Price extension above it is required to validate our next intraday targets at 1.3079 (R2) and 1.3105 (R3). Downwards scenario: Any downside penetration is limited to the initial support level at 1.3010 (S1). A breach of which would open a route towards to next target at 1.2987 (S2) and potentially could expose our final support for today at 1.2965 (S3). Resistance Levels: 1.3056, 1.3079, 1.3105 Support Levels: 1.3010, 1.2987, 1.2965 ---------------------- GBPUSD HIGH 1.54572 LOW 1.54377 BID 1.54487 ASK 1.54490 CHANGE 0.01% TIME 08 : 20:09 OUTLOOK SUMMARY Down TREND CONDITION Down trend TRADERS SENTIMENT Bearish IMPLIED VOLATILITY Medium Upwards scenario: Market formed gradual descending move however price appreciation is possible above the next resistance level at 1.5460 (R1). Break here is required to enable next attractive points at 1.5487 (R2) and 1.5516 (R3). Downwards scenario: Penetration below the support at 1.5427 (S1) is liable to put more downward pressure on the instrument in the near-term perspective. As a result our supportive means at 1.5402 (S2) and 1.5380 (S3) might be triggered. Resistance Levels: 1.5460, 1.5487, 1.5516 Support Levels: 1.5427, 1.5402, 1.5380 ---------------------- USDJPY HIGH 101.197 LOW 100.54 BID 100.937 ASK 100.942 CHANGE 0.32% TIME 08 : 20:10 OUTLOOK SUMMARY Up TREND CONDITION Upward penetration TRADERS SENTIMENT Bearish IMPLIED VOLATILITY Medium Upwards scenario: USD/JPY continue its consolidation phase on the hourly chart. Possibility of uptrend evolvement is seen above the next resistance at 101.11 (R1). Violation here might increase bullish pressure and validate next intraday targets at 101.47 (R2) and 101.83 (R3). Downwards scenario: Further correction development is limited now to the session low - 100.56 (S1). If the price manages to surpass it we would suggest next intraday targets at 100.18 (S2) and 99.75 (S3). Resistance Levels: 101.11, 101.47, 101.83 Support Levels: 100.56, 100.18, 99.75 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] http://www.fxcc.com [/url] )

alayoua 13-05-2013 11:42 Forex Technical & Market Analysis FXCC May 13 2013   Forex Technical & Market Analysis FXCC May 13 2013 Japan rests re-assured not labeled 'currency manipulator' by G7 Over the weekend, the G7 re-assured the market that Japan is not deliberately weakening the yen in order to create a competitive advantage against other industrialized nations. The group repeated its old same lines about its commitment to avoid artificial currency devaluation for domestic gain purposes, while re-iterating its commitment to avoid volatility in FX rates. According to Mike Paterson, editor at Forexlive: "The general consensus seems to be they accept Japan’s arguments that their dramatic easing on monetary policy is aimed at combating deflation rather than weaker currency advantage." Mr. Paterson thinks the last developments in the G7 meeting "should be the green light for further yen selling when markets re-open given that it takes the uncertainty out of the equation but the announcement was hardly a surprise" he said. It will be interesting to see just how much weaker it gets in the early stages. Failure to drop too far will suggest that there rightly should be an air of caution after such rapid falls. But as the say goes, all that glitters is not gold, and US, Canada and Germany were all suspiciously more notorious on voicing out a closer monitoring over Japan's next policy actions. As Mr. Paterson rightly points out, "behind the scenes of G7, sure there is not such a united front as they wish to portray." U.S. Treasury Secretary Jack Lew had something to say on yen weakness: “We’ll keep an eye on that”, suggesting that any signs of currency manipulation by Japan will be watch very closely, adding that Japan had “growth issues.” Japan's Finance Minister Mr. Aso confirmed to media reporters that no criticism was noted on Japan’s monetary easing. [url]https://support.fxcc.com/email/technical/13052013/[/url] FOREX ECONOMIC CALENDAR : 24h | EMU. Eurogroup meeting 2013-05-13 12:30 GMT | USA. Retail Sales 2013-05-13 14:00 GMT | USA. Business Inventories (Mar) 2013-05-13 22:45 GMT | New Zeland. Retail Sales FOREX NEWS : 2013-05-13 04:32 GMT | EUR/USD uncomfortable below 1.30, further definition needed 2013-05-13 04:21 GMT | USD extends gains; Gold takes a hit 2013-05-13 03:34 GMT | Gold selling off sharply below $1430 2013-05-13 03:24 GMT | USD/JPY, expect little pullback in the high 101s - RBS EURUSD : HIGH 1.29781 LOW 1.29595 BID 1.29756 ASK 1.29758 CHANGE -0.12% TIME 08 : 04:42 OUTLOOK SUMMARY : Down TREND CONDITION : Down trend TRADERS SENTIMENT :Bullish IMPLIED VOLATILITY :Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Neutral hourly studies point towards further consolidation, with a break of next resistive structure at 1.3011 (R1) is required to spark stronger upside action. In such scenario we would suggest our next initial targets at 1.3036 (R2) and 1.3062 (R3). Downwards scenario: Medium-term bias is clearly negative. Possible progress below the initial support level at 1.2957 (S1) might expose our intraday targets at 1.2934 (S2) and then 1.2909 (S3). Resistance Levels: 1.3011, 1.3036, 1.3062 Support Levels: 1.2957, 1.2934, 1.2909 ------------------------ GBPUSD : HIGH 1.53578 LOW 1.53357 BID 1.53519 ASK 1.53529 CHANGE -0.07% TIME 08 : 04:42 OUTLOOK SUMMARY : Down TREND CONDITION : Down trend TRADERS SENTIMENT :Bullish IMPLIED VOLATILITY :Low Upwards scenario: GBPUSD is consolidating today however we see potential for further appreciation towards to our targets at 1.5403 (R2) and 1.5429 (R3) if the price manages to overcome key resistance measure at 1.5377 (R1). Downwards scenario: Next support level is seen at 1.5334 (S1), any penetration below it might activate further downside pressure and enable lower target at 1.5310 (S2). Any further market decline would then be limited to final support at 1.5284 (S3). Resistance Levels: 1.5377, 1.5403, 1.5429 Support Levels: 1.5334, 1.5310, 1.5284 ------------------ USDJPY : HIGH 102.151 LOW 101.74 BID 101.751 ASK 101.752 CHANGE 0.14% TIME 08 : 04:43 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT :Bearish IMPLIED VOLATILITY :Low Upwards scenario: Further uptrend development is possible above the next resistance level at 102.18 (R1). Break here would open route towards to higher target at 102.65 (R2) and any further price advance would then be limited to 103.12 (R3). Downwards scenario: On the other hand, a break of the support at 101.44 (S1) is required to determine negative intraday bias and enable lower target at 101.01 (S2). Clearance of this target would open a path towards to final support for today at 100.57 (S3). Resistance Levels: 102.18, 102.65, 103.12 Support Levels: 101.44, 101.01, 100.57 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] ECN Broker | Forex Practice Account | Forex Trading Blog | FXCC [/url] )

alayoua 14-05-2013 11:21 Forex Technical & Market Analysis FXCC May 14 2013   Forex Technical & Market Analysis FXCC May 14 2013 Schäuble suggests revising EU treaties to make way for banking union German finance minister Wolfgang Schäuble told the Financial Times today that the banking union could not be completed without a modification of EU treaties. The process of changing them however could last several months or even years. According to Schäuble the existing treaties “do not suffice” to allow for forming a strong central resolution authority. Therefore he warned against making promises which the EU cannot keep, as they would directly affect its credibility. “The EU does not have coercive means to enforce decisions” Schäuble said. “What it has are responsibilities and powers defined by its treaties.” A change to the treaties would provide a better separation of the ECB's monetary and supervisory functions. The German finance minister is conscious that such changes might take a long time, so he proposed a two-step process consisting of a resolution mechanism based on a network of national authorities as well as a network of resolution funds. Even though Schäuble acknowledges that such a structure would not be trons enough in the long term, he believes that it would allow to buy time and create the base for reaching the final objective: a European banking union, which encompasses the entire interior market. [url]https://support.fxcc.com/email/technical/14052013/[/url] FOREX ECONOMIC CALENDAR : 24h | EMU. EcoFin Meeting 2013-05-14 06:00 GMT | Germany. Consumer Price Index 2013-05-14 09:00 GMT | Germany. ZEW Survey - Economic Sentiment 2013-05-14 09:30 GMT | Australia. Budget Release FOREX NEWS : 2013-05-14 04:28 GMT | Look to get long EUR/JPY into support levels 2013-05-14 03:58 GMT | EUR/USD still range bound ahead of busy economic calendar week 2013-05-14 03:46 GMT | AUD/USD, outlook is bearish but be patient - RBS 2013-05-14 03:11 GMT | GBP/USD completes ‘bear flag’ pattern on daily chart EURUSD : HIGH 1.30261 LOW 1.29693 BID 1.30029 ASK 1.30033 CHANGE 0.21% TIME 08 : 33:12 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Possibility of uptrend penetration is seen above the next resistance level at 1.3026 (R1). Clearance here might enable bullish pressure and let the price to achieve our intraday targets at 1.3044 (R2) and 1.3062 (R3). Downwards scenario: On the short-term perspective the pair might encounter supportive measures at 1.2992 (S1). Loss here might change intraday technical structure and opens the way for a test of 1.2971 (S2) and 1.2951 (S3) later on today. Resistance Levels: 1.3026, 1.3044, 1.3062 Support Levels: 1.2992, 1.2971, 1.2951 -------------------- GBPUSD : HIGH 1.5331 LOW 1.52939 BID 1.53144 ASK 1.53152 CHANGE 0.1% TIME 08 : 33:12 OUTLOOK SUMMARY : Down TREND CONDITION : Down trend TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: Possibility of market strengthening is seen above the immediate resistive barrier at 1.5334 (R1). Price extension above it is required to validate our next intraday targets at 1.5358 (R2) and 1.5383 (R3) Downwards scenario: On the other hand if the price manages to overcome our next support barrier at 1.5296 (S1), we expect to see further market decline towards to our target at 1.5272 (S2) and then next stop could be found at 1.5249 (S3) mark. Resistance Levels: 1.5334, 1.5358, 1.5383 Support Levels: 1.5296, 1.5272, 1.5249 ------------------------- USDJPY : HIGH 101.849 LOW 101.365 BID 101.439 ASK 101.441 CHANGE -0.37% TIME 08 : 33:13 OUTLOOK SUMMARY : Up TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Medium term bias remains positive however further market rise is limited now to the key resistive barrier at 101.78 (R1), clearance here is required to enable next resistances at 102.22 (R2) and last one at 102.67 (R3). Downwards scenario: Measures of support might be activating when the pair approaches the 101.21 (S1). If it continues to extend its weakening below it we expect next targets to be exposed at 100.77 (S2) and 100.35 (S3) later on. Resistance Levels: 101.78, 102.22, 102.67 Support Levels: 101.21, 100.77, 100.35 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] ECN Forex Software | The Best Forex Broker | Forex Account | FXCC [/url] )

alayoua 15-05-2013 11:43 Forex Technical & Market Analysis FXCC May 15 2013   Forex Technical & Market Analysis FXCC May 15 2013 EU gives the go-ahead to Spanish bank restructuring plan The European Commission announced on Wednesday its approval of the plans to restructure Spain's four nationalized banks: Bankia, Nova Caixa Galicia, Catalunya Caixa and Banco de Valencia. Vice President of the European Commission responsible for Competition Policy Joaquín Almunia said in the European morning that the injection of 37 billion euros of the bank rescue would require a 60% reduction in the size of the nationalized financial institutions by 2017. Joaquín Almunia informed that during the negotiations with Spanish authorities and the banks in question it was established that the recapitalization funds would be distributed as follows: 18 billion euros for Bankia, 9 billion for Catalunya Caixa, 5.5 billion for Nova Caixa Galicia and 4.5 billion for Banco de Valencia. The four nationalized financial institutions should abandon conceding loans for high risk activities and should transfer 45 billion euros of toxic assets to the newly created bad bank. Catalunya Caixa and Nova Caixa Galicia are expected to be sold before 2017. [url]http://blog.fxcc.com/forex-technical-market-analysis-may-15-2013/[/url] FOREX ECONOMIC CALENDAR : 2012-11-29 08:55 GMT | Germany. Unemployment Change (Nov) 2012-11-29 10:30 GMT | United Kingdom. BoE's Governor King Speech 2012-11-29 13:30 GMT | United States. Gross Domestic Product Annualized (Q3) 2012-11-29 15:00 GMT | United States. Pending Home Sales (MoM) (Oct) FOREX NEWS : 2012-11-29 06:12 GMT | EUR/GBP flat below 0.8100, 50% Fibo 2012-11-29 05:36 GMT | GBP/USD trying to push higher, eyeing 1.6020 2012-11-29 05:25 GMT | NZD/USD higher on US 'fiscal cliff' optimism 2012-11-29 04:09 GMT | EUD/USD bullish while above 1.2885 – Scotiabank -------------------- Forex Technical Analysis EURUSD : MARKET ANALYSIS – Intraday Analysis Upwards scenario: Next on tap, resistance level at 1.2962 (R1). A break higher could open the door for an attack to next target at 1.2980 (R2) and final immediate resistance is seen at 1.2996 (R3). Downwards scenario: Further retracement formation on the medium-term might occur below the support level at 1.2939 (S1), break here is required to put focus on actual targets at 1.2921 (S2) and 1.2903 (S3). Resistance Levels: 1.2962, 1.2980, 1.2996 Support Levels: 1.2939, 1.2921, 1.2903 ------------------ Forex Technical Analysis GBPUSD : Upwards scenario: Upside risk aversion is seen above the resistance at 1.6021 (R1). Any violation of that level would be considered as signal of possible uptrend formation towards to our targets at 1.6031 (R2) and 1.6042 (R3).Downwards scenario: Though, our medium-term outlook is bearish. A break through support level at 1.6005 (S1) is possible en route towards to our intraday targets at 1.5994 (S2) and 1.5983 (S3). Resistance Levels: 1.6021, 1.6031, 1.6042 Support Levels: 1.6005, 1.5994, 1.5983 ------------------- Forex Technical Analysis USDJPY : Upwards scenario: The pair might face key resistive bastion at 82.22 (R1). A break above it might activate upside pressure and suggest the short-term targets at 82.30 (R2) and 82.39 (R3). Downwards scenario: On a slightly longer term focus has returned to the support at 82.00 (S1). If the market manages to overcome it, next hurdle lies at 81.91 (S2) and 81.82 (S3). Resistance Levels: 82.22, 82.30, 82.39 Support Levels: 82.00, 81.91, 81.82 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] http://www.fxcc.com [/url] )

alayoua 16-05-2013 11:24 Forex Technical & Market Analysis FXCC May 16 2013   Forex Technical & Market Analysis FXCC May 16 2013 BoE sees a modest and sustained recovery over the next three years The quarterly Inflation Report released by the Bank of England on Wednesday suggests that UK inflation should rise above 3% in June and that it will possibly remain above the 2% target for the next two years. As for the GDP, it is “likely to pick up gradually over the next year or so, supported by past asset purchases, an easing in credit conditions aided by the Funding for Lending Scheme, and a continuing improvement in the global environment.” The BoE MPC expects GDP growth of 0.3% in the first quarter of 2013. In the current quarter they see quarterly GDP expanding by 0.5%, while year-on-year GDP is projected to grow by 2.2% (compared with the previous forecast of 2%). Nevertheless, the MPC recognizes that the recovery is still “weak and uneven.” The report states that in the light of the growth and inflation forecasts more stimulus might be required. No rate hike should be carried out before 2016 however. Following the release of the report, BoE Governor Mervyn King presented it at a press conference. He pointed out that there are many obstacles on UK's road to recovery, the most important being the Eurozone crisis and rising unemployment. He stressed that UK policymakers should continue their efforts to boost the recovery as “this is no time to be complacent.” [url]http://blog.fxcc.com/forex-technical-market-analysis-may-16-2013/[/url] FOREX ECONOMIC CALENDAR : 2013-05-15 09:00 GMT | EMU. Consumer Price Index 2013-05-15 12:30 GMT | USA. Consumer Price Index 2013-05-15 14:00 GMT | USA. Philadelphia Fed Manufacturing Survey 2013-05-15 19:05 GMT | USA. FOMC Member Williams speech FOREX NEWS : 2013-05-15 19:24 GMT | EUR/USD seen at 1.2600 in 3 months – UBS 2013-05-15 18:55 GMT | GBP/JPY is unable to break above 156.00 2013-05-15 18:41 GMT | USD/CHF retests daily lows 2013-05-15 18:19 GMT | AUD/USD's recovery capped at 0.9920, back to 0.9870 -------------------- Forex Technical Analysis EURUSD : MARKET ANALYSIS – Intraday Analysis Upwards scenario: Next on tap, resistance level at 1.2962 (R1). A break higher could open the door for an attack to next target at 1.2980 (R2) and final immediate resistance is seen at 1.2996 (R3). Downwards scenario: Further retracement formation on the medium-term might occur below the support level at 1.2939 (S1), break here is required to put focus on actual targets at 1.2921 (S2) and 1.2903 (S3). Resistance Levels: 1.2962, 1.2980, 1.2996 Support Levels: 1.2939, 1.2921, 1.2903 --------------------- Forex Technical Analysis GBPUSD : Upwards scenario: Upside risk aversion is seen above the resistance at 1.6021 (R1). Any violation of that level would be considered as signal of possible uptrend formation towards to our targets at 1.6031 (R2) and 1.6042 (R3).Downwards scenario: Though, our medium-term outlook is bearish. A break through support level at 1.6005 (S1) is possible en route towards to our intraday targets at 1.5994 (S2) and 1.5983 (S3). Resistance Levels: 1.6021, 1.6031, 1.6042 Support Levels: 1.6005, 1.5994, 1.5983 -------------------------- Forex Technical Analysis USDJPY : Upwards scenario: The pair might face key resistive bastion at 82.22 (R1). A break above it might activate upside pressure and suggest the short-term targets at 82.30 (R2) and 82.39 (R3). Downwards scenario: On a slightly longer term focus has returned to the support at 82.00 (S1). If the market manages to overcome it, next hurdle lies at 81.91 (S2) and 81.82 (S3). Resistance Levels: 82.22, 82.30, 82.39 Support Levels: 82.00, 81.91, 81.82 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] ECN Broker Account | Currency Converter | Forex Blog | FXCC [/url] )

alayoua 17-05-2013 10:41 Forex Technical & Market Analysis FXCC May 17 2013   Forex Technical & Market Analysis FXCC May 17 2013 Talking Down the EUR The euro came under selling pressure today against the U.S. dollar after European Industry Commissioner Tajani tried to talk down the currency. As the head of an agency whose goal is to protect the export sector, Tajani complained that the euro is too strong and called on the central bank to manage the currency in a way that would help exports. Considering that the euro has been in a downtrend since the beginning of the month and has lost over 5% since the beginning of February, some investors may be surprised by the timing of Tajani's comments. However it is clear that underperformance of the Eurozone economy, which is currently in recession is a big motivation for industry officials, politicians and central bankers to make overtures to weaken the euro now versus February. In addition, with the currency in a downtrend, comments such as these will have a greater impact on the euro. As the ECB considers whether to introduce negative deposit rates or purchases of asset backed securities, a weaker currency will provide additional support to the region's economy. [url]https://support.fxcc.com/email/technical/17052013/[/url] FOREX ECONOMIC CALENDAR : 2013-05-17 09:00 GMT | EMU. Construction Output w.d.a (YoY) (Mar) 2013-05-17 12:30 GMT | Canada. Consumer Price Index (YoY) (Apr) 2013-05-17 13:55 GMT | USA. Reuters/Michigan Consumer Sentiment Index (May) 2013-05-17 15:00 GMT | USA. CB Leading Indicator (MoM) (Apr) FOREX NEWS : 2013-05-17 04:58 GMT | Nomura's survey on USDJPY suggest higher quotes 2013-05-17 04:26 GMT | Technical picture continues to become more bearish for EUR/USD 2013-05-17 03:57 GMT | AUD/USD, how far can it go? 0.9750/10 next demand 2013-05-17 02:40 GMT | USD/CHF inching toward hourly resistance trend line at 0.9675 EURUSD : HIGH 1.28897 LOW 1.2855 BID 1.28676 ASK 1.28680 CHANGE -0.1% TIME 08 : 26:30 OUTLOOK SUMMARY : Down TREND CONDITION : Sideway TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: 20 SMA acts as next resistance level at 1.2886 (R1). Penetration above that mark might trigger upside pressure and expose our next resistive mean at 1.2911 (R2) en route towards to final target for today at 1.2937 (R3). Downwards scenario: On the other hand, successful retest of our next support level at 1.2843 (S1) Market would create a signal of bearish sentiment and enable our interim target at 1.2819 (S2). Final support for today locates at 1.2794 (S3). Resistance Levels: 1.2886, 1.2911, 1.2937 Support Levels: 1.2843, 1.2819, 1.2794 ----------------------- GBPUSD : HIGH 1.52822 LOW 1.52366 BID 1.52521 ASK 1.52533 CHANGE -0.1% TIME 08 : 26:30 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: A bearish tone dominates during the Asian session however further buying interest might arise above the resistance at 1.5281 (R1). Clearance here would suggest next intraday target at 1.5315 (R2) and if the price holds its momentum we can expect an increase towards to 1.5351 (R3). Downwards scenario: If the price failed to establish further positive bias today, likely we will see retest of our key support level at 1.5228 (S1). Break here is required to enable initial lower targets at 1.5194 (S2) and 1.5163 (S3) in potential. Resistance Levels: 1.5281, 1.5315, 1.5351 Support Levels: 1.5228, 1.5194, 1.5163 -------------------------- USDJPY : HIGH 102.371 LOW 102.08 BID 102.291 ASK 102.295 CHANGE 0.04% TIME 08 : 26:31 OUTLOOK SUMMARY : Neutral TREND CONDITION : Sideway TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: Neutral channel formation remains in play on the hourly chart. Our next resistance level is placed at 102.47 (R1). Strengthening above it would point to resistive structure at 102.81 (R2) onto 103.14 (R3). Downwards scenario: Possible downtrend evolvement might occur below the immediate support level at 102.05 (S1). Clearance here is required to enable our next targets at 101.70 (S2) and 101.36 (S3) in potential. Resistance Levels: 102.47, 102.81, 103.14 Support Levels: 102.05, 101.70, 101.36 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] ECN Broker List | Forex Trading Account | Currency Converter | FXCC [/url] )

alayoua 20-05-2013 11:14 Forex Technical & Market Analysis FXCC May 20 2013   Forex Technical & Market Analysis FXCC May 20 2013 Bearish developments on EUR/USD charts continue to take shape It was a rough week for the EUR/USD, as continued speculation of the Fed tapering QE purchases and worries of economic growth in Europe continued to put pressure on the pair throughout the week. When all was said and done, the pair finished the week down 0.90% to close at 1.2838. Market participants will be focusing on a number reports this week including testimony from Fed Chairman Bernanke, as well as speeches by some regional Fed officials. According to Greg Gibbs, FX Trading Strategist at RBS,“the market will be looking closely at the Fed commentary this week. Bernanke's testimony to Congress on Wednesday is the main focal point, but there are important speeches by doves Evans and Dudley before then. As key supporters of maintaining the current $85bn pace of asset purchases, any shift in their tone will be seen as evidence that the consensus and Bernanke's views have shifted.” He went on to add, “the commentary by Fed Watcher Hilsenrath just over a week ago and by a Fed dove Williams on Thursday last week has got the market thinking about potential for QE tapering in the summer, which puts into play the 19 June, 31 July or 18 September meetings. The June meeting includes a Bernanke press conference and staff projects, as does the September meeting.” [url]http://blog.fxcc.com/forex-technical-market-analysis-may-20-2013/[/url] FOREX ECONOMIC CALENDAR 2013-05-20 12:30 GMT | US.Chicago Fed National Activity Index (Apr) 2013-05-20 17:00 GMT | US.Fed's Evans Speech 2013-05-20 19:00 GMT | AR.Unemployment Rate (QoQ) (Q1) 2013-05-20 21:45 GMT | NZ.Visitor Arrivals (YoY) (Apr) FOREX NEWS 2013-05-20 02:45 GMT | Sterling bulls continue to defend the 1.5150 level 2013-05-20 02:32 GMT | AUD/USD higher above 0.9750 on USD weakness 2013-05-20 00:27 GMT | EUR/JPY buyers step in again at 131.00, support remains firm 2013-05-19 23:11 GMT | EUR/USD capped below 1.2850 ---------------------- Forex Technical Analysis EURUSD : MARKET ANALYSIS – Intraday Analysis Upwards scenario: Bullish market sentiment is slightly improved yesterday however further appreciation needs to clear barrier at 1.2855 (R1) to enable our interim target at 1.2882 (R2) and then any further gains would be limited to last resistance at 1.2908 (R3). Downwards scenario: If the price manages to overcome our next support barrier at 1.2818 (S1), we expect to see further market decline towards to our next target at 1.2800 (S2) and then next stop could be found at 1.2780 (S3) mark. Resistance Levels: 1.2855, 1.2882, 1.2908 Support Levels: 1.2818, 1.2800, 1.2780 ------------------------------- Forex Technical Analysis GBPUSD : Upwards scenario: Next immediate resistive barrier is seen at 1.5209 (R1). If instrument gains momentum on the upside and manage to overcome it we would focus on the intraday targets at 1.5241 (R2) and 1.5276 (R3) in potential. Downwards scenario: Any downside extension is limited now to the next support level at 1.5163 (S1). Break here is required to open a route towards to next target at 1.5141 (S2) and then any further easing would be targeting final support at 1.5117 (S3). Resistance Levels: 1.5209, 1.5241, 1.5276 Support Levels: 1.5163, 1.5141, 1.5117 ------------------------ Forex Technical Analysis USDJPY : Upwards scenario: Possible upwards formation is limited now to resistive measure at 102.87 (R1). A break above it would suggest next intraday target at 103.29 (R2) and if the price holds its momentum we can expect price increase towards to final resistance at 103.75 (R3). Downwards scenario: Pair looks likely to test our supportive means today. Devaluation below the support at 102.62 (S1) would initiate bearish pressure. On the way our next interim support at 102.39 (S2) en route to final target at 102.07 (S3). Resistance Levels: 102.87, 103.29, 103.75 Support Levels: 102.62, 102.39, 102.07 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] FX Central Clearing Ltd [/url] )

alayoua 21-05-2013 11:57 Forex Technical & Market Analysis FXCC May 21 2013   Forex Technical & Market Analysis FXCC May 21 2013 Fed-Speak to dominate EUR/USD trading in coming days The EUR/USD was able to claw back a small portion of its losses suffered last week, finishing the day up 64 pips at 1.2884. Economic news was light on the session with European markets closed and no releases out of the US. Market participants will be expecting volatility to really pick up later in the week when we see Fed Chairman Bernanke’s testimony to Congress, the release of the most recent FOMC minutes, and a number of other regional Fed speakers on the wires. Given the recent market buzz of the prospects of Fed tapering QE, the next few days could help set a more established trend for the pair as we near month end. According to Marc Chandler, Head Currency Strategist at BBH, “in the US, the FOMC minutes from the April 30/May 1 meeting will be released on Wednesday. Markets will be parsing them very thoroughly for any clues about QE tapering. Those minutes will be sandwiched between another heavy slate of Fed speakers including Bullard and Dudley on Tuesday, Bernanke testimony on Wednesday, and Bullard again on Thursday. Bernanke’s testimony will be the most important, of course. While we expect the key Fed officials to signal steady as she goes with regards to QE, we acknowledge that markets could see some turbulence.” Other analysts also mention to keep a focus on Europe, as we will see a number of important PMI releases from the region later in the week as well as speeches from important European officials including ECB President Draghi. [url]http://blog.fxcc.com/forex-technical-market-analysis-may-21-2013/[/url] FOREX ECONOMIC CALENDAR : 2013-05-21 06:00 GMT | Germany. Producer Price Index (YoY) (Apr) 2013-05-21 08:30 GMT | UK. Consumer Price Index (YoY) (Apr) 2013-05-21 14:00 GMT | USA. Treasury Sec Lew Speech 2013-05-21 23:50 GMT | Japan. Merchandise Trade Balance Total (Apr) FOREX NEWS : 2013-05-21 04:36 GMT | Fed-Speak to dominate EUR/USD trading in coming days 2013-05-21 04:26 GMT | USD/JPY, break through 103.5 allows 105/105.50 – JPMorgan 2013-05-21 03:19 GMT | EUR/JPY continues to eye upper end of range near 133.00 2013-05-21 01:48 GMT | AUD/USD consolidates below 0.9800 after RBA minutes release --------------------- Forex Technical Analysis EURUSD : MARKET ANALYSIS – Intraday Analysis Upwards scenario: On the upside market might get more incentives above the immediate resistive barrier at 1.2905 (R1). If the price manages to overcome it we would suggest next intraday targets at 1.2930 (R2) and 1.2955 (R3). Downwards scenario: On the other hand, possible downtrend development may encounter supportive measure at 1.2860 (S1). Penetration through this level would targeting then supportive means at 1.2836 (S2) and 1.2811 (S3) later on today. Resistance Levels: 1.2905, 1.2930, 1.2955 Support Levels: 1.2860, 1.2836, 1.2811 ---------------------------- Forex Technical Analysis GBPUSD : Upwards scenario: While both moving averages are pointing down, medium-term technical outlook would be positive. Key resistance level lie at 1.5281 (R1), above here opens a route towards to our initial targets at 1.5308 (R2) and 1.5336 (R3). Downwards scenario: Local low at 1.5221 (S1) offers next immediate support barrier. Successful penetration below it would open path towards to next intraday targets at 1.5194 (S2) and 1.5165 (S3). Resistance Levels: 1.5281, 1.5308, 1.5336 Support Levels: 1.5221, 1.5194, 1.5165 --------------------------- Forex Technical Analysis USDJPY : Upwards scenario: On the upside resistive structure at 102.77 (R1) prevents further gains. Clearance here is required to open route towards to next target at 103.10 (R2) and then final target could be triggered at 103.43 (R3). Downwards scenario: On the other hand, pair keeps the consolidation pattern intact. We see potential to positively retest supportive barrier at 102.19 (S1). Depreciation below it would open route towards to initial targets at 101.86 (S2) and 101.52 (S3) in potential. Resistance Levels: 102.77, 103.10, 103.43 Support Levels: 102.19, 101.86, 101.52 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] ECN FX Broker Platform | Forex Account | Currency Converter | FXCC [/url] )

alayoua 22-05-2013 11:16 Forex Technical & Market Analysis FXCC May 22 2013   Forex Technical & Market Analysis FXCC May 22 2013 Bernanke testimony, FOMC minutes, & European data to heighten EUR/USD volatility The EUR/USD finished the day moderately higher, closing up 25 pips at 1.2905 ahead of what is sure to be a volatile session with Fed Chairman Bernanke set to testify in front of congress at 14:00GMT. Furthermore, we will also see the release of the most recent FOMC minutes at 18:00GMT. According to Sean callow of Westpac,“The US calendar is dominated by Fed chairman Bernanke’s testimony on “The Economic Outlook” to the Joint Economic Committee of Congress (10am NY time). He will deliver a prepared text then take numerous questions from both friendly and hostile lawmakers. Volatility over the course of his appearance seems assured, as markets try to quickly decide whether Bernanke is trying to dampen talk of reducing QE some time soon, is affirming such a view or remaining non-committal. USD should gain in the latter two scenarios but we still expect the first outcome – Bernanke arguing that it is too soon to be confident that the economy is recovering sustainably.” Other analysts are pointing towards European economic data as the additional catalysts for the EUR/USD which may help to break the recent range bound activity. Market participants should be aware that later in the week will see a number of European PMI figured which could also heighten volatility. [url]http://blog.fxcc.com/forex-technical-market-analysis-may-22-2013/[/url] FOREX ECONOMIC CALENDAR : 2013-05-22 12:30 GMT | Canada.Retail Sales (MoM) (Mar) 2013-05-22 14:00 GMT | USA.Existing Home Sales (MoM) (Apr) 2013-05-22 14:00 GMT | USA.Fed's Bernanke testifies 2013-05-22 18:00 GMT | USA.FOMC Minutes FOREX NEWS : 2013-05-22 03:26 GMT | USD/JPY steady near 102.50 after BoJ Monetary Policy release 2013-05-22 02:43 GMT | AUD/USD still around 0.98 despite worsening consumer confidence in | Australia 2013-05-22 02:41 GMT | GBP/JPY – Will buyers have enough force to take out 156.80 resistance? 2013-05-22 00:22 GMT | EUR/USD working its way higher thru 1.2920/40 supply ----------------------- Forex Technical Analysis EURUSD : MARKET ANALYSIS – Intraday Analysis Upwards scenario: Instrument stabilized after the gains provided yesterday. Penetration above the resistive structure at 1.2926 (R1) might encourage protective orders execution and drive market price towards to the next resistive means at 1.2940 (R2) and 1.2955 (R3). Downwards scenario: Measures of support might be activating when the pair approaches the 1.2905 (S1). If it continues to extend its weakening below it we expect next targets to be exposed at 1.2889 (S2) and 1.2877 (S3) later on. Resistance Levels: 1.2926, 1.2940, 1.2955 Support Levels: 1.2905, 1.2889, 1.2877 ---------------------- Forex Technical Analysis GBPUSD : Upwards scenario: Next actual resistance level is seen at 1.5160 (R1). If the market manages to surge higher, our focus would returned to the next target at 1.5179 (R2) and further recovery action could be exhausted at 1.5197 (R3) intraday. Downwards scenario: Price regress below the support level at 1.5128 (S1) would increase likelihood of failing towards to our key supportive barrier at 1.5110 (S2) and any further market decline would then be targeting final support for today at 1.5092 (S3). Resistance Levels: 1.5160, 1.5179, 1.5197 Support Levels: 1.5128, 1.5110, 1.5092 --------------------- Forex Technical Analysis USDJPY : Upwards scenario: Any upside actions looks limited to resistance level at 102.64 (R1). Surpassing of this level might enable next target at 102.73 (R2) and any further gains would then be targeting final mark at 102.86 (R3) in potential. Downwards scenario: Our next support level at 102.44 (S1) limits possible recovery attempts for now. Break here is required to establish negative market sentiment and enable lower target at 102.35 (S2) en route to final target at 102.25 (S3). Resistance Levels: 102.64, 102.73, 102.86 Support Levels: 102.44, 102.35, 102.25 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] Forex Training | Currency Converter | ECN Forex Trading Accounts | FXCC [/url] )

alayoua 23-05-2013 11:45 Forex Technical & Market Analysis FXCC May 23 2013   Forex Technical & Market Analysis FXCC May 23 2013 FOMC minutes show members open to tapering QE The minutes from the April 30 and May 1 FOMC meeting showed that "a number" of officials expressed willingness to taper the bond buying program as early as the June meeting "if the economic information received by that time showed evidence of sufficiently strong and sustained growth". However, according to the minutes, views differed about what evidence would be necessary and the likelihood of that outcome. One Fed official wanted to stop the bond purchases immediately, while another wanted to increase the size of the program. Despite the discrepancies, most members emphasized importance of being prepared to adjust purchases either up or down. The minutes also revealed the Fed started a review of their exit strategy principles last released to the public in 2011. The broad principles appeared generally still valid, but the bank will probably need greater flexibility regarding the details of implementing policy normalization. The greenback surged against majority of its person Wednesday after Fed Chairman Ben Bernanke hinted at possibilities of the central bank slowing its bond purchases. Initially, dollar briefly dropped across the board after Bernanke said monetary stimulus is helping the U.S.economy recovery. [url]http://blog.fxcc.com/forex-technical-market-analysis-may-23-2013/[/url] FOREX ECONOMIC CALENDAR 2013-05-23 07:30 GMT ECB President Draghi's Speech senectus 2013-05-23 08:30 GMT Gross Domestic Product (YoY) (Q1) 2013-05-23 12:30 GMT Initial Jobless Claims (May 17) 2013-05-23 14:00 GMT New Home Sales (MoM) (Apr) FOREX NEWS 2013-05-23 04:13 GMT More volatility expected with EU PMI on tap 2013-05-23 03:32 GMT USD/JPY turns below 103.5 on bad China data 2013-05-23 03:09 GMT GBP/JPY edging lower towards support at 154.50 2013-05-23 03:01 GMT AUD/NZD glued to 1.20 despite Aussie disaster ------------------------ Forex Technical Analysis EURUSD MARKET ANALYSIS – Intraday Analysis Upwards scenario: EURUSD broke all supportive measure yesterday and currently stabilized near its lows. Appreciation above the resistive barrier at 1.2864 (R1) is compulsory to commence positive market structure and validate next intraday targets at 1.2887 (R2) and 1.2909 (R3). Downwards scenario: However our both moving averages are pointing down and if the price manages to break our key support level at 1.2824 (S1) we would expect further depreciation towards to our next targets, located at 1.2803 (S2) and 1.2781 (S3). Resistance Levels: 1.2864, 1.2887, 1.2909 Support Levels: 1.2824, 1.2803, 1.2781 ----------------------- Forex Technical Analysis GBPUSD MARKET ANALYSIS – Intraday Analysis Upwards scenario: Prolonged movement yesterday on the downside determined negative bias on the short-term perspective. Though possible penetration above the resistance level at 1.0573 (R1) might keep bulls in play, targeting next resistances at 1.5109 (R2) and 1.5145 (R3). Downwards scenario: The downside direction remains favored according to the technical indicators. Our key support measure lies at 1.5010 (S1). Decline below it would enable next targets located at 1.4978 (S2) and 1.4944 (S3). Resistance Levels: 1.5073, 1.5109, 1.5145 Support Levels: 1.5010, 1.4978, 1.4944 -------------------------- Forex Technical Analysis USDJPY MARKET ANALYSIS – Intraday Analysis Upwards scenario: Price accelerates on the downside recently and likelihood of closing on the positive side today is low. However price appreciation the next resistance level at 102.25 (R1) would suggest next initial targets at 102.55 (R2) and 102.84 (R3). Downwards scenario: Next barrier on the way is seen at 101.76 (S1). Break here would open way towards to next intraday target at 101.48 (S2) and then final aim locates at 101.19 (S3). Resistance Levels: 102.25, 102.55, 102.84 Support Levels: 101.76, 101.48, 101.19 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] http://www.fxcc.com [/url] )

alayoua 24-05-2013 11:11 Forex Technical & Market Analysis FXCC May 24 2013   Forex Technical & Market Analysis FXCC May 24 2013 Will German GDP/IFO be the catalyst to take EUR/USD back above 1.3000? The EUR/USD finished the session sharply higher, mainly benefiting from a better than expected European PMI data print. It will be another busy upcoming economic session in Europe, with German GDP due out at 6:00GMT, followed by German IFO at 8:00GMT. One has to ask, if the print comes in better than expected, will it be enough to take the pair back above the critical resistance level of 1.3000(the 20dma)? According to analysts at Rabobank, “there was a modestly firmer tone, maybe a ‘less downbeat tone’ is a better description because despite improvement they remain sub-50, to the suite of eurozone PMIs. In Germany, the Manufacturing PMI gained to 49.0, up from April’s 48.1 and the Services PMI ticked up to 49.8 from 49.6. France’s Manufacturing PMI increased to 45.5 from 44.4 and the Services PMI held steady at 44.3. For the eurozone as a whole, the Manufacturing PMI gained to 47.8 from April’s 46.7.” They went on to add,“there’s no particularly strong message in these data but they are consistent with our thinking – and that of the ECB – that Europe’s economy will show some improvement as this year unfolds. Calmer financial market conditions should pay a positive dividend to the real economy over time.” The ‘risk on’ vs. ‘risk off’ sentiment of the equity market will also be something to keep in mind. It was interesting to see the EUR/USD go well bid on a day when the Nikkei dropped 7%. However, its hard to imagine this correlation continuing should US equities start a serious correction. Furthermore, some analysts believe that just because the recent EU PMI data came in better than expected, EU officials will not deviate from the dovish rhetoric which has been plentiful in recent weeks. [url]https://support.fxcc.com/email/technical/24052013/[/url] FOREX ECONOMIC CALENDAR : 2013-05-24 06:00 GMT | Germany. Gfk Consumer Confidence Survey (Jun) 2013-05-24 08:00 GMT | Germany. IFO - Business Climate (May) 2013-05-24 10:00 GMT | Germany. German Buba President Weidmann speech 2013-05-24 12:30 GMT | USA. Durable Goods Orders (Apr) FOREX NEWS : 2013-05-24 04:14 GMT | USD/JPY breaks below 102 like hot butter once again 2013-05-24 04:03 GMT | AUD/USD gets pounded down to 0.9650 2013-05-24 03:21 GMT | Sterling holds support at previous lows, continues to find aggressive bids near 1.5000 2013-05-24 02:13 GMT | GBP/JPY closes below 20dma for first time since April 5th EURUSD : HIGH 1.2937 LOW 1.29041 BID 1.29290 ASK 1.29294 CHANGE -0.03% TIME 08 : 17:53 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: EURUSD consolidates prior macroeconomic news announcement. Our next resistive barrier is seen at 1.2945 (R1). Break here is required to drive market price towards to next visible targets at 1.2962 (R2) and 1.2978 (R3) later on today. Downwards scenario: Although market players may prefer to increase exposure on the short positions and push the price below the support level at 1.2903 (S1). Possible price devaluation would suggest next initial targets at 1.2886 (S2) and then 1.2867 (S3). Resistance Levels: 1.2945, 1.2962, 1.2978 Support Levels: 1.2903, 1.2886, 1.2867 ---------------------- GBPUSD : HIGH 1.51139 LOW 1.50639 BID 1.51015 ASK 1.51026 CHANGE -0.02% TIME 08 : 17:53 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: GBPUSD retraced after the initial downtrend formation. Next resistive barrier on the way is mark at 1.5119 (R1). Loss here is required to push the price towards to our targets at 1.5147 (R2) and 1.5177 (R3) later on today. Downwards scenario: Our next support level lies at 1.5062 (S1). Clearance here might resume downtrend expansion. Our intraday target locates at 1.5031 (S2) and 1.5001 (S3). Resistance Levels: 1.5119, 1.5147, 1.5177 Support Levels: 1.5062, 1.5031, 1.5001 --------------------- USDJPY : HIGH 102.585 LOW 101.084 BID 101.480 ASK 101.482 CHANGE -0.52% TIME 08 : 17:54 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: Market players may prefer to stay neutral today during limited tier one macroeconomic data flow from Japan, though a break of our resistance at 102.00 (R1) would suggest next targets at 102.35 (R2) and 102.70 (R3). Downwards scenario: A short-term technical structure might turn into negative side below the support level at 101.07 (S1). Possible price depreciation would then be targeting support at 100.76 (S2) en route to final target at 100.43 (S3). Resistance Levels: 102.00, 102.35, 102.70 Support Levels: 101.07, 100.76, 100.43 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] Free Forex Demo Account | Forex Software | Forex Trading Blog | FXCC [/url] )

alayoua 27-05-2013 10:37 Forex Technical & Market Analysis FXCC May 27 2013   Forex Technical & Market Analysis FXCC May 27 2013 EU gives the go-ahead to Spanish bank restructuring plan The European Commission announced on Wednesday its approval of the plans to restructure Spain's four nationalized banks: Bankia, Nova Caixa Galicia, Catalunya Caixa and Banco de Valencia. Vice President of the European Commission responsible for Competition Policy Joaquín Almunia said in the European morning that the injection of 37 billion euros of the bank rescue would require a 60% reduction in the size of the nationalized financial institutions by 2017. Joaquín Almunia informed that during the negotiations with Spanish authorities and the banks in question it was established that the recapitalization funds would be distributed as follows: 18 billion euros for Bankia, 9 billion for Catalunya Caixa, 5.5 billion for Nova Caixa Galicia and 4.5 billion for Banco de Valencia. The four nationalized financial institutions should abandon conceding loans for high risk activities and should transfer 45 billion euros of toxic assets to the newly created bad bank. Catalunya Caixa and Nova Caixa Galicia are expected to be sold before 2017. [url]http://blog.fxcc.com/forex-technical-market-analysis-may-27-2013/[/url] FOREX ECONOMIC CALENDAR : 2012-11-29 08:55 GMT | Germany. Unemployment Change (Nov) 2012-11-29 10:30 GMT | United Kingdom. BoE's Governor King Speech 2012-11-29 13:30 GMT | United States. Gross Domestic Product Annualized (Q3) 2012-11-29 15:00 GMT | United States. Pending Home Sales (MoM) (Oct) FOREX NEWS : 2012-11-29 06:12 GMT | EUR/GBP flat below 0.8100, 50% Fibo 2012-11-29 05:36 GMT | GBP/USD trying to push higher, eyeing 1.6020 2012-11-29 05:25 GMT | NZD/USD higher on US 'fiscal cliff' optimism 2012-11-29 04:09 GMT | EUD/USD bullish while above 1.2885 – Scotiabank Forex Technical Analysis EURUSD : MARKET ANALYSIS – Intraday Analysis Upwards scenario: Next on tap, resistance level at 1.2962 (R1). A break higher could open the door for an attack to next target at 1.2980 (R2) and final immediate resistance is seen at 1.2996 (R3). Downwards scenario: Further retracement formation on the medium-term might occur below the support level at 1.2939 (S1), break here is required to put focus on actual targets at 1.2921 (S2) and 1.2903 (S3). Resistance Levels: 1.2962, 1.2980, 1.2996 Support Levels: 1.2939, 1.2921, 1.2903 Forex Technical Analysis GBPUSD : MARKET ANALYSIS – Intraday Analysis Upwards scenario: Upside risk aversion is seen above the resistance at 1.6021 (R1). Any violation of that level would be considered as signal of possible uptrend formation towards to our targets at 1.6031 (R2) and 1.6042 (R3).Downwards scenario: Though, our medium-term outlook is bearish. A break through support level at 1.6005 (S1) is possible en route towards to our intraday targets at 1.5994 (S2) and 1.5983 (S3). Resistance Levels: 1.6021, 1.6031, 1.6042 Support Levels: 1.6005, 1.5994, 1.5983 Forex Technical Analysis USDJPY : MARKET ANALYSIS – Intraday Analysis Upwards scenario: The pair might face key resistive bastion at 82.22 (R1). A break above it might activate upside pressure and suggest the short-term targets at 82.30 (R2) and 82.39 (R3). Downwards scenario: On a slightly longer term focus has returned to the support at 82.00 (S1). If the market manages to overcome it, next hurdle lies at 81.91 (S2) and 81.82 (S3). Resistance Levels: 82.22, 82.30, 82.39 Support Levels: 82.00, 81.91, 81.82 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] Currency Converter | Top ECN Forex Broker | Forex Demo Account | FXCC [/url] )

alayoua 28-05-2013 11:09 Forex Technical & Market Analysis FXCC May 28 2013   Forex Technical & Market Analysis FXCC May 28 2013 As last week’s volatility in Japanese markets demonstrates central banks do not have it all their own way. Unfortunately for Japan the risk remains that policy makers spur higher yields without accompanying growth, an outcome that would be highly undesirable, especially if it hits economic activity. Equity markets and risk assets in general came under pressure and safe havens found long lost bids, with core bond yields moving lower and JPY and CHF strengthening. The heightened volatility in markets was also partly triggered by concerns about the timing of the tapering off of Fed asset purchases, with Fed Chairman Bernanke setting the cat amongst the pigeons by with commenting about the possibility of reducing asset purchases over the next few meetings. Additionally weaker than forecast Chinese manufacturing confidence data came as another blow to markets. While the market reaction looked a tad overdone in it is notable that the dichotomy between growth and equity market performance has widened over recent weeks. This week is likely to begin on a calmer note, with holidays in the US and UK today. Data releases in the US will remain encouraging , with May consumer confidence likely to move higher although US Q1 GDP is likely to be revised slightly lower to 2.4% due an inventories hit. In Europe, while the trajectory of recovery is starting from a much lower base there will be some improvement in business confidence in May while inflation will be well contained at 1.3% YoY in May, an outcome that will maintain room for more European Central Bank policy easing. In Japan a sixth straight negative CPI reading will highlight jus how difficult the job is for the Bank of Japan to meet its inflation target. The JPY was a major beneficiary of last week’s volatility helped by short covering as speculative positioning in the currency reached its lowest level since July 2007. A calmer tone to markets ought to ensure that JPY upside will be limited and USD buyers are likely to emerge just below the USD/JPY 100 level. In contrast the EUR has been surprisingly well behaved despite the fact that speculative EUR positioning has also dropped sharply over recent weeks. While the overall trend is lower EUR/USD will find some support on any dip to around 1.2795 this week. [url]http://blog.fxcc.com/forex-technical-market-analysis-may-28-2013/[/url] FOREX ECONOMIC CALENDAR 2013-05-28 06:00 GMT Switzerland. Trade Balance (Apr) 2013-05-28 07:15 GMT Switzerland. Employment Level (QoQ) 2013-05-28 14:00 GMT USA. Consumer Confidence (May) 2013-05-28 23:50 GMT Japan. Retail Trade (YoY) (Apr) FOREX NEWS 2013-05-28 05:22 GMT USD/JPY offered at 102 figure 2013-05-28 04:23 GMT Bearish chart pattern developments still favor further downside in EUR/USD 2013-05-28 04:17 GMT AUD/USD erased all loses, back above 0.9630 2013-05-28 03:31 GMT GBP/USD chopping around 1.5100 in Asia trade Forex Technical Analysis EURUSD MARKET ANALYSIS – Intraday Analysis Upwards scenario: Recently pair gained momentum on the downside however appreciation above the next resistance at 1.2937 (R1) might be a good catalyst for a recovery action towards to next expected targets at 1.2951 (R2) and 1.2965 (R3). Downwards scenario: Any downside penetration is limited now to the initial support level at 1.2883 (S1). A breach of which would open a route towards to next target at 1.2870 (S2) and potentially could expose our final support at 1.2856 (S3) later on today. Resistance Levels: 1.2937, 1.2951, 1.2965 Support Levels: 1.2883, 1.2870, 1.2856 Forex Technical Analysis GBPUSD MARKET ANALYSIS – Intraday Analysis Upwards scenario: New portion of macroeconomic data releases might increase volatility later on today. Our resistances at 1.5139 (R2) and 1.5162 (R3) could be exposed in case of possible upwards penetration. But first, price is required to overcome our key resistive barrier at 1.5117 (R1). Downwards scenario: Downside development remains for now limited to the next technical mark at 1.5085 (S1), clearance here would create a signal of possible market weakening towards to next expected targets at 1.5063 (S2) and 1.5040 (S3). Resistance Levels: 1.5117, 1.5139, 1.5162 Support Levels: 1.5085, 1.5063, 1.5040 Forex Technical Analysis USDJPY MARKET ANALYSIS – Intraday Analysis Upwards scenario: USDJPY upwards penetration is approaching our next resistive barrier at 102.14 (R1). Surpassing of this level may initiate bullish pressure towards to next visible targets at 102.41 (R2) and 102.68 (R3). Downwards scenario: Risk of possible corrective action is seen below the support at 101.65 (S1). With penetration here opens a route towards to our immediate support level at 101.39 (S2) and any further price cut would then be limited to final target at 101.10 (S3). Resistance Levels: 102.14, 102.41, 102.68 Support Levels: 101.65, 101.39, 101.10 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] FX Central Clearing Ltd [/url] )

alayoua 29-05-2013 11:12 Forex Technical & Market Analysis FXCC May 29 2013   Forex Technical & Market Analysis FXCC May 29 2013 EUR Succumbs to Rise in U.S. Yields Demand for U.S. dollars kept pressure on the euro and all major currencies throughout the North American session. Between the recovery in U.S. stocks and the surge in U.S. yields, the dollar is one of the most coveted currencies. Even though we haven’t seen a major pickup in foreign demand for U.S. dollars, particularly from Japan, the longer U.S. yields hold above 2% (10 year yields are at 2.15%), the more tempting it will be for foreign investors. The lack of U.S. data at the front of the week means the lack of threat to the dollar rally. As long as the good news continues to flow in, the dollar will remain in demand. How well the greenback performs against various currencies will of course depend on how economic data from those countries fare. We have seen some recent improvements in Eurozone data that reduces the chance of additional easing by the European Central Bank. German labor market numbers are scheduled for release tomorrow and an upside surprise will keep the EUR above 1.28. The main driver of EUR/USD weakness has been the divergence between U.S. and Eurozone data – one was improving as the other was deteriorating. If we start to see improvements in the Eurozone economy, then the dynamics affecting the euro will start to change to benefit of the currency. Unfortunately based on the latest PMI numbers, there’s a risk of a downside surprise. According to the report, staffing levels fell for the first time since January with job shedding seen in both the manufacturing and service sectors. If unemployment rolls climb in the month of May, the EUR/USD could extend its losses but even then, the losses could be contained to 1.28, a level that has held for the past month. We probably need to see back to back weakness in Eurozone data (German unemployment and retail sales) for 1.28 to be broken. [url]http://blog.fxcc.com/forex-technical-market-analysis-may-29-2013/[/url] FOREX ECONOMIC CALENDAR 2013-05-29 07:55 GMT Germany. Unemployment Change (May) 2013-05-29 12:00 GMT Germany. Consumer Price Index (YoY) (May) 2013-05-29 14:00 GMT Canada. BoC Interest Rate Decision 2013-05-29 23:50 GMT Japan. Foreign bond investment FOREX NEWS 2013-05-29 04:41 GMT Sterling hovering above critical support at 1.5000 2013-05-29 04:41 GMT USD unchanged; IMF lowers China GDP forecast 2013-05-29 04:16 GMT EUR/USD technical picture continues to sour, more declines to come? 2013-05-29 03:37 GMT AUD/JPY continues to find firm bids near 97.00 Forex Technical Analysis EURUSD MARKET ANALYSIS – Intraday Analysis Upwards scenario: Our medium-term outlook is shifted to the negative side after the losses provided yesterday, however market appreciation is possible above the next resistance at 1.2880 (R1). Loss here would suggest next intraday targets at 1.2899 (R2) and 1.2917 (R3). Downwards scenario: Fresh low at 1.2840 (S1) offers a key resistive measure on the downside. Break here is required to enable bearish pressure and validate next target at 1.2822 (S2). Final support for today locates at 1.2803 (S3). Resistance Levels: 1.2880, 1.2899, 1.2917 Support Levels: 1.2840, 1.2822, 1.2803 Forex Technical Analysis GBPUSD MARKET ANALYSIS – Intraday Analysis Upwards scenario: Our attention on the upside is put to the next resistive barrier at 1.5052 (R1). Break here is required to stimulate bullish forces to expose initial targets at 1.5078 (R2) and 1.5104 (R3) later on today. Downwards scenario: On the other hand, break below the support at 1.5014 (S1) is required to enable further market decline. Our next supportive measures locates at 1.4990 (S2) and 1.4967 (S3). Resistance Levels: 1.5052, 1.5078, 1.5104 Support Levels: 1.5014, 1.4990, 1.4967 Forex Technical Analysis USDJPY MARKET ANALYSIS – Intraday Analysis Upwards scenario: Instrument gained momentum on the upside recently, turning short-term bias to the positive side. Further upwards penetration above the resistance at 102.53 (R1) would enable bullish forces and might drive market price towards to our initial targets at 102.70 (R2) and 102.89 (R3). Downwards scenario: On the other hand, prolonged movement below the initial support level at 102.01 (S1) might trigger protective orders execution and drive market price towards to supportive means at 101.82 (S2) and 101.61 (S3). Resistance Levels: 102.53, 102.70, 102.89 Support Levels: 102.01, 101.82, 101.61 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] Forex Trading Education | ECN Trading Forex Account | FXCC [/url] )

alayoua 30-05-2013 10:57 Forex Technical & Market Analysis FXCC May 30 2013   Forex Technical & Market Analysis FXCC May 30 2013 OECD: Global economy is moving forward at multiple speeds In its biannual Economic Outlook report, published on Wednesday, the Organization for Economic Cooperation and Development reduced the global growth outlook to 3.1% from the previous estimate of 3.4%. It expects the US and the Japanese economies to improve this year, suggesting at the same time that the Eurozone will continue to lag which might have “negative implications for the global economy." The OECD cut the Eurozone growth forecast to -0.6% from -0.1% estimated in November 2012, warning that "activity is still falling, reflecting ongoing fiscal consolidation, weak confidence and tight credit conditions, especially in the periphery." The Eurozone economy should rebound to 1.1% in 2014. The OECD also urged the ECB to seriously consider implementing QE and introducing negative deposit rates in order to stimulate recovery in the area. China, which already saw its growth outlook reduced on Tuesday by the IMF, is expected to grow by 7.8% this year, down from a previous estimate of 8.5%. The organization was more upbeat about the US, which is projected to grow by 1.9% in 2013 and by 2.8% in 2014. Japan's growth forecast was hiked to 1.6% from 0.7%, with the prospect of a 1.4% gain next year, owing to the BoJ's implementation of fiscal and monetary stimulus programs. [url]http://blog.fxcc.com/forex-technical-market-analysis-may-30-2013/[/url] FOREX ECONOMIC CALENDAR 2013-05-30 06:00 GMT UK. Nationwide Housing Prices n.s.a (YoY) (May) 2013-05-30 12:30 GMT USA. Gross Domestic Product Price Index 2013-05-30 14:30 GMT USA. Pending Home Sales (YoY) (Apr) 2013-05-30 23:30 GMT Japan. National Consumer Price Index (YoY) (Apr) FOREX NEWS 2013-05-30 04:39 GMT USD eases to key level at 83.50 ahead of US GDP 2013-05-30 03:11 GMT GBP/USD – Bullish engulfing candle to spur further advances? 2013-05-30 02:29 GMT EUR/USD edging towards resistance at 1.3000 2013-05-30 01:50 GMT Aussie edging higher towards resistance at 0.9700 Forex Technical Analysis EURUSD MARKET ANALYSIS – Intraday Analysis Upwards scenario: Recent upside penetration is limited now to the key resistive barrier at 1.2977 (R1). Appreciation above this mark might likely push the pair toward to next targets at 1.2991 (R2) and 1.3006 (R3) in potential. Downwards scenario: Possible bull back on the hourly chart might face next hurdle at 1.2933 (S1). Break here is required to open road towards to our next retracement target at 1.2919 (S2) en route to final aim at 1.2902 (S3). Resistance Levels: 1.2977, 1.2991, 1.3006 Support Levels: 1.2933, 1.2919, 1.2902 Forex Technical Analysis GBPUSD MARKET ANALYSIS – Intraday Analysis Upwards scenario: A bullish oriented market participant might pressures to test our next resistance level at 1.5165 (R1). Loss here could open a route towards to our interim target at 1.5188 (R2) and the main aim for today locates at 1.5211 (R3). Downwards scenario: As long as price stays below the moving averages our medium-term outlook would be negative. Though, extension lower the 1.5099 (S1) is being able to drive market price towards to our next supports at 1.5076 (S2) and 1.5053 (S3). Resistance Levels: 1.5165, 1.5188, 1.5211 Support Levels: 1.5099, 1.5076, 1.5053 Forex Technical Analysis USDJPY MARKET ANALYSIS – Intraday Analysis Upwards scenario: USDJPY recently tested negative side and currently remains stable below the 20 SMA. Possible price appreciation is limited to the resistance level at 101.53 (R1). Only clear break here would suggest next intraday targets at 101.81 (R2) and 102.09 (R3). Downwards scenario: Any prolonged movement below the support at 100.60 (S1) might prolong downside pressure and drive market price towards to supportive means at 100.34 (S2) and 100.08 (S3). Resistance Levels: 101.53, 101.81, 102.09 Support Levels: 100.60, 100.34, 100.08 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] Currency Converter | Forex ECN Broker | Forex Demo Account |FXCC [/url] )

alayoua 31-05-2013 11:07 Forex Technical & Market Analysis FXCC May 31 2013   Forex Technical & Market Analysis FXCC May 31 2013 Will the Dollar Recover Too? U.S. stocks and Treasury yields resumed their rise but the dollar failed to follow. Instead of trading higher, the greenback lost value against most of the major currencies. The EUR/USD rose above 1.30 and USD/JPY slipped below 101 after a round of weaker than expected economic data. Equity and fixed income traders shrugged off the data but FX traders refused to budge. Long dollar positions are still being cut which suggests that currency traders are still worried about the volatility in the financial markets and the eagerness of the Fed to taper asset purchases. U.S. equity and fixed income traders have completely ignored the 5% drop in the Nikkei overnight. Japanese stocks are 13% off its highs and if it continues to decline, it may have ripple effects over to U.S. markets and keep the dollar in corrective mode. However if the Nikkei stabilizes and starts to recover, then the dollar has a chance of joining the recovery. [url]https://support.fxcc.com/email/technical/31052013/[/url] FOREX ECONOMIC CALENDAR 2013-05-31 08:30 GMT UK. Net Lending to Individuals (MoM) 2013-05-31 09:00 GMT EMU. Consumer Price Index - Core (YoY) 2013-05-31 12:30 GMT USA. Personal Spending (Apr) 2013-05-31 13:55 GMT USA. Reuters/Michigan Consumer Sentiment Index (May) FOREX NEWS 2013-05-31 04:01 GMT ‘Pennant’ pattern break out on EUR/USD targets a move north of 1.3200 2013-05-31 03:43 GMT Aussie advances capped below 0.9700 2013-05-31 02:30 GMT EUR/AUD off fresh 1.5-year highs below 1.35 2013-05-31 01:53 GMT AUD/JPY firm bounce off 97.00 support, sets eyes on 98.30 --------------------- Forex Technical Analysis EURUSD MARKET ANALYSIS – Intraday Analysis HIGH 1.30593 LOW 1.30312 BID 1.30405 ASK 1.30410 CHANGE -0.06% TIME 08 : 39:18 OUTLOOK SUMMARY Up TREND CONDITION Up trend TRADERS SENTIMENT Bearish IMPLIED VOLATILITY Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Further bullish momentum might occur if the price manages to climb above the key resistance level at 1.3061 (R1). Next targets on the way could be exposed at 1.3081 (R2) and 1.3101 (R3). Downwards scenario: On the other hand, corrective action would be reasonable scenario in current price setup. Next on tap is seen support level at 1.3026 (S1), break here is required to enable our initial targets at 1.3006 (S2) and 1.2987 (S3) Resistance Levels: 1.3061, 1.3081, 1.3101 Support Levels: 1.3026, 1.3006, 1.2987 --------------------- Forex Technical Analysis GBPUSD MARKET ANALYSIS – Intraday Analysis HIGH 1.52392 LOW 1.52151 BID 1.52260 ASK 1.52269 CHANGE -0.02% TIME 08 : 39:19 OUTLOOK SUMMARY Up TREND CONDITION Up trend TRADERS SENTIMENT Bullish IMPLIED VOLATILITY Medium Upwards scenario: An evidence of further uptrend formation could be provided if the pair manages to surpass key resistive barrier at 1.5239 (R1). Execution of protective orders above that level might enable initial targets at 1.5257 (R1) and 1.5274 (R3). Downwards scenario: Recent upside momentum likely exhausted and we expect some stabilization ahead. Next supportive bastion lies at 1.5211 (S1). Prolonged movement below it might then expose our intraday targets at 1.5193 (S2) and 1.5176 (S3). Resistance Levels: 1.5239, 1.5257, 1.5274 Support Levels: 1.5211, 1.5193, 1.5176 -------------------------- Forex Technical Analysis USDJPY MARKET ANALYSIS – Intraday Analysis HIGH 101.281 LOW 100.679 BID 100.871 ASK 100.874 CHANGE 0.15% TIME 08 : 39:20 OUTLOOK SUMMARY Down TREND CONDITION Sideway TRADERS SENTIMENT Bullish IMPLIED VOLATILITY Medium Upwards scenario: Price has comfortably ranged on the hourly timeframe however we see potential to overcome our next resistance level at 101.30 (R1) later on today. Our eventual targets locates at 101.60 (R2) and 101.90 (R3). Downwards scenario: If the price failed to gain momentum on the upside we expect retest of our key support level at 100.47 (S1). Clearance here is required to keep the downside extension intact and enable our lower targets at 100.16 (S2) and 99.87 (S3). Resistance Levels: 101.30, 101.60, 101.90 Support Levels: 100.47, 100.16, 99.87 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] http://www.fxcc.com [/url] )

alayoua 04-06-2013 12:10 Forex Technical & Market Analysis FXCC Jun 04 2013   Forex Technical & Market Analysis FXCC Jun 04 2013 Fitch cuts Cyprus to B-, negative outlook Fitch Ratings has downgraded Cyprus's long-term foreign currency issuer default rating by one notch to 'B-' from 'B' while keeping a negative outlook due to the country's elevated economic uncertainty. The rating agency had placed Cyprus on negative watch in March. With this decision, Fitch pushed Cyprus further into junk territory, now 6 notches. "Cyprus has no flexibility to deal with domestic or external shocks and there is a high risk of the (EU/IMF) program going off track, with financing buffers potentially insufficient to absorb material fiscal and economic slippage," Fitch said in a statement. The EUR/USD finished the day sharply higher, at one point trading all the way up to 1.3107 before leaking lower later in the day to close up 76 pips at 1.3070. Some analysts were pointing towards weaker than expected ISM data from the US as the main catalyst for the bullish move in the pair. Economic data out of the US will slow down a bit the next few days, but volatility is certain to pick up as we approach the ECB Rate Decision on Thursday, as well as the Non-Farm Payrolls number due out of the US on Friday. [url]https://support.fxcc.com/email/technical/04062013/[/url] FOREX ECONOMIC CALENDAR : 2013-06-04 08:30 GMT | UK. PMI Construction (May) 2013-06-04 09:00 GMT | EMU. Producer Price Index (YoY) (Apr) 2013-06-04 12:30 GMT | USA. Trade Balance (Apr) 2013-06-04 23:30 GMT | Australia. AiG Performance of Services Index (May) FOREX NEWS : 2013-06-04 04:30 GMT | RBA Interest Rate Decision stays unchanged at 2.75% 2013-06-04 03:20 GMT | Will economic data later in week free EUR/USD from range bound behavior? 2013-06-04 02:13 GMT | EUR/AUD finds some ground in the 1.34 round area 2013-06-04 02:00 GMT | AUD/JPY advances capped below 97.50 ------------------------ EURUSD : HIGH 1.30804 LOW 1.30566 BID 1.30572 ASK 1.30575 CHANGE -0.14% TIME 08 : 22:51 OUTLOOK SUMMARY Up TREND CONDITION Upward penetration TRADERS SENTIMENT Bearish IMPLIED VOLATILITY Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: While price is quoted above the 20 SMA, our technical outlook would be positive. Yesterday high offers next resistance level at 1.3107 (R1). Any price action above it would suggest next targets at 1.3127 (R2) and 1.3147(S3). Downwards scenario: On the other hand, price pattern suggests bearish potential if the instrument manages to overcome next support level at 1.3043 (S1). Possible price regress could expose our initial targets at 1.3023 (S2) and 1.3003 (S3) in potential. Resistance Levels: 1.3107, 1.3127, 1.3147 Support Levels: 1.3043, 1.3023, 1.3003 ----------------------- GBPUSD : HIGH 1.53427 LOW 1.53101 BID 1.53115 ASK 1.53119 CHANGE -0.05% TIME 08 : 22:52 OUTLOOK SUMMARY Up TREND CONDITION Up trend TRADERS SENTIMENT Bearish IMPLIED VOLATILITY Medium Upwards scenario: Next barrier on the upside lie at 1.5343 (R1). Surpassing of this level might enable our initial target at 1.5362 (R2) and any further gains would then be limited to last resistive structure at 1.5382 (R3). Downwards scenario: On the downside our attention is shifted to the immediate support level at 1.5307 (S1). Break here is required to enable bearish forces and expose our intraday targets at 1.5287 (S2) and 1.5267 (S3). Resistance Levels: 1.5343, 1.5362, 1.5382 Support Levels: 1.5307, 1.5287, 1.5267 ---------------------- USDJPY : HIGH 99.88 LOW 99.333 BID 99.838 ASK 99.839 CHANGE 0.31% TIME 08 : 22:52 OUTLOOK SUMMARY Down TREND CONDITION Upward penetration TRADERS SENTIMENT Bullish IMPLIED VOLATILITY Medium Upwards scenario: Possible bullish penetration might face next challenge at 100.02 (R1). Break here is required to establish retracement action, targeting 100.32 (R2) en route towards to last resistance for today at 100.65 (R3). Downwards scenario: Penetration below the support at 99.31 (S1) is liable to put more downward pressure on the instrument in the near-term perspective. As a result our supportive means at 99.04 (S2) and 98.75 (S3) might be triggered. Resistance Levels: 100.02, 100.32, 100.65 Support Levels: 99.31, 99.04, 98.75 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] Forex Training | Best Automatic Forex Trading Platforms | FXCC [/url] )

alayoua 05-06-2013 08:22 Forex Technical & Market Analysis FXCC Jun 05 2013   Forex Technical & Market Analysis FXCC Jun 05 2013 IMF's Lagarde urges Greece not to relax bailout efforts MF head Christine Lagarde said in an interview for the Greek state TV on Tuesday that the country was making progress on its bailout program but that it nevertheless should increase efforts to combat tax evasion and implement reforms to attract foreign investors. 'Now is not the time to relax the effort,' Lagarde said, adding that "There are some really positive developments but obviously more needs to be done.” She listed tax evasion and reforms to spur foreign investment as the most important issues which need to be dealt with. This week EU, ECB and IMG inspectors return to Athens for another revision of the Greek bailout program, during which they are expected to focus on the Greek government's progress in reducing state employee numbers. The EUR/USD traded in a narrow range today but still managed to finish the day in positive territory, closing up 11 pips at 1.3081. Economic data out of the both the EU and US was light, but will pick up as we approach the end of the week with the ECB Interest Rate Decision on Thursday, as well as US Non Farm Payrolls on Friday. However, before the real fireworks begin, some analysts are pointing to tomorrow’s ADP data out of the US as a possible catalyst for tomorrow’s price action. According to Sean Callow at Westpac, “we have the ADP report plus non manufacturing ISM jobs components tonight. There is a great deal of focus on jobs data in the US given recent speculation about Fed tapering its asset purchase programs. ADP disappointed in April but has not had much directional success in picking payrolls outcomes. The ISM report on Monday casts a long shadow over tonight's non manufacturing report. Arguably, markets will be set up for a softer outcome given the weaker US$ in recent sessions. Tonight's data could prove to be important for FX markets.” [url]https://support.fxcc.com/email/technical/05062013/[/url] FOREX ECONOMIC CALENDAR : 2013-06-05 08:28 GMT | UK. Markit Services PMI (May) 2013-06-05 09:00 GMT | EMU. Gross Domestic Product 2013-06-05 14:00 GMT | USA. ISM Non-Manufacturing PMI (May) 2013-06-05 18:00 GMT | USA. Fed's Beige Book FOREX NEWS : 2013-06-05 05:11 GMT | USD/JPY back below 100; Australia GDP disappoints 2013-06-05 04:39 GMT | AUD/JPY searching for bids near 96.00 2013-06-05 03:26 GMT | EUR/USD technical indicators beginning to look more constructive 2013-06-05 01:46 GMT | AUD/USD breaking lower towards 0.9600 after Aussie GDP data --------------------------- EURUSD : HIGH 1.30964 LOW 1.30653 BID 1.30899 ASK 1.30903 CHANGE 0.08% TIME 08 : 56:44 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: We are not expecting significant volatility increase today however upside risk aversion is seen above the next resistance level at 1.3107 (R1). Price evaluation above this level would suggest next targets at 1.3127 (R2) and 1.3147 (R3). Downwards scenario: While instrument trades above the moving averages, our short-term bias would stay positive though penetration below the support level at 1.3064 (S1) might open way towards to lower targets at 1.3043 (S2) and 1.3023 (S3). Resistance Levels: 1.3107, 1.3127, 1.3147 Support Levels: 1.3064, 1.3043, 1.3023 ---------------------- GBPUSD : HIGH 1.53379 LOW 1.52912 BID 1.53331 ASK 1.53336 CHANGE 0.14% TIME 08 : 56:45 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Medium- term tendency remains bullish as both moving averages are pointing up. Further progress above the resistance level at 1.5343 (R1) would open way towards to next targets at 1.5362 (R2) and 1.5382 (R3). Downwards scenario: Measures of support might be activating when the pair approaches the 1.5307 (S1). If it continues to extend its weakening below it we expect next targets to be exposed at 1.5287 (S2) and 1.5267 (S3) later on. Resistance Levels: 1.5343, 1.5362, 1.5382 Support Levels: 1.5307, 1.5287, 1.5267 -------------------- USDJPY : HIGH 100.462 LOW 99.385 BID 99.592 ASK 99.597 CHANGE -0.48% TIME 08 : 56:46 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: We see potential to test our resistive barrier at 99.75 (R1). Successful penetration above this mark might shift traders sentiment to the bullish side and validate our intraday targets at 100.02 (R2) and 100.32 (R3). Downwards scenario: Further downtrend development is limited now to the key supportive barrier at 99.31 (S1). Only loss here would enable our intraday targets at 99.04 (S2) and 98.75 (S3) on the downside. Resistance Levels: 99.75, 100.02, 100.32 Support Levels: 99.31, 99.04, 98.75 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] Forex ECN Brokers List | Auto Forex Trading Account | FXCC [/url] )

alayoua 06-06-2013 11:08 Forex Technical & Market Analysis FXCC Jun 06 2013   Forex Technical & Market Analysis FXCC Jun 06 2013 EUR Prime for a Breakout on ECB The euro is prime for a breakout. Unlike other major currency pairs, EUR/USD traded in a relatively tight range throughout the European and North American sessions. On a technical basis, the currency pair stayed between the 100 and 200-day SMAs for the past 48 hours, which reflects the hesitation of investors who are waiting for a catalyst to take the currency pair out of its range. Tomorrow could be the perfect opportunity for a breakout in the pair with the European Central Bank scheduled to deliver its monetary policy decision. The ECB is widely expected to leave interest rates unchanged leaving Mario Draghi's press conference as the primary focus for FX traders. [url]https://support.fxcc.com/email/technical/06062013/[/url] FOREX ECONOMIC CALENDAR : 2013-06-06 11:00 GMT | BoE Interest Rate Decision 2013-06-06 11:45 GMT | ECB Interest Rate Decision 2013-06-06 12:30 GMT | ECB Monetary policy statement and press conference 2013-06-06 12:30 GMT | USA. Initial Jobless Claims FOREX NEWS : 2013-06-06 05:16 GMT | GBP/USD dealing around 1.54 ahead of BoE 2013-06-06 04:59 GMT | USD lower but holding above 82.50 DXY; Aussie smacked 2013-06-06 04:24 GMT | Economic data set to heighten volatility in EUR/USD 2013-06-06 00:24 GMT | AUD/USD cracks the big 0.95 figure down ---------------------- EURUSD : HIGH 1.31089 LOW 1.30751 BID 1.31005 ASK 1.31009 CHANGE 0.07% TIME 08 : 35:19 OUTLOOK SUMMARY : Up TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High MARKET ANALYSIS - Intraday Analysis Upwards scenario: EURUSD stabilized after the initial uptrend formation. Potential to move higher is seen above the next resistance level at 1.3116 (R1). Loss here would suggest next intraday targets at 1.3135 (R2) and 1.3155 (R3). Downwards scenario: We would shift our intraday technical outlook to the negative side if the price manage to penetrate below the key support at 1.3074 (S1). Clearance here is required to enable intraday targets at 1.3053 (S2) and 1.3033 (S3). Resistance Levels: 1.3116, 1.3135, 1.3155 Support Levels: 1.3074, 1.3053, 1.3033 ---------------------- GBPUSD : HIGH 1.54157 LOW 1.5381 BID 1.54005 ASK 1.54011 CHANGE -0.03% TIME 08 : 35:20 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High Upwards scenario: Ascending structure on GBPUSD suggest possible correction ahead though break above the resistance at 1.5418 (R1) is liable to stimulate bullish pressure and validate interim target at 1.5443 (R2) en route final aim at 1.5469 (R3). Downwards scenario: Retracement action is possible if the price manages to overcome our initial support level at 1.5359 (S1). In such case we would suggest intraday targets at 1.5353 (S2) and 1.5327 (S3). Resistance Levels: 1.5418, 1.5443, 1.5469 Support Levels: 1.5359, 1.5353, 1.5327 ------------------------ USDJPY : HIGH 99.466 LOW 98.862 BID 99.348 ASK 99.352 CHANGE 0.29% TIME 08 : 35:21 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: Next hurdle on the upside is seen at important technical level – 99.55 (R1). If the price manages to overcome it we expect further acceleration towards to our initial targets at 99.83 (R2) and 100.12 (R3). Downwards scenario: On the downside next challenge is seen at 98.86 (S1). Breakthrough of this mark would open way for a downside expansion and could possibly trigger our initial targets at 98.58 (S2) and 98.30 (R3) later on today. Resistance Levels: 99.55, 99.83, 100.12 Support Levels: 98.86, 98.58, 98.30 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] FX Central Clearing Ltd [/url] )

alayoua 07-06-2013 10:37 Forex Technical & Market Analysis FXCC Jun 07 2013   Forex Technical & Market Analysis FXCC Jun 07 2013 Will Non-Farm Payrolls Save or Kill the Dollar? The big story today in the financial markets was the sell-off in the U.S. dollar. The greenback fell quickly and aggressively against all of the major currencies right around the European close and held onto its losses to end the day down 2% against the Japanese Yen and more than 1% against the euro, British pound and Swiss Franc. There were a few different factors behind the sell-off in the greenback. The dollar initially traded lower on the optimistic comments from ECB President Draghi but those losses were contained to the EUR/USD. USD/JPY did not see any losses until 90 minutes before the European close at 12pm NY Time and only when it started to break down did the dollar collapse against all of the major currencies. [url]https://support.fxcc.com/email/technical/07062013/[/url] FOREX ECONOMIC CALENDAR : 2013-06-07 06:00 GMT | Germany. Trade Balance s.a. (Apr) 2013-06-07 08:30 GMT | UK. Total Trade Balance (Apr) 2013-06-07 12:30 GMT | USA. Nonfarm Payrolls (May) 2013-06-07 19:00 GMT | USA. Consumer Credit Change (Apr) FOREX NEWS : 2013-06-07 04:46 GMT | USD/JPY attempts to fight back above 96.00 in Asia trade 2013-06-07 03:36 GMT | EUR/USD technical picture looks set for further advances ahead of NFP 2013-06-07 02:43 GMT | Aussie breaks 0.9550 as selling resumes in Asia 2013-06-07 01:40 GMT | USD/JPY breaks momentarily below 97 figure EURUSD : HIGH 1.32688 LOW 1.32355 BID 1.32534 ASK 1.32540 CHANGE 0.06% TIME 08 : 24:35 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High MARKET ANALYSIS - Intraday Analysis Upwards scenario: Apparently market sentiment is clearly positive for the EURUSD as both moving averages are pointing up. Clearance of our resistance level at 1.3305 (R1) would open the way for an upside penetration towards to next targets at 1.3337 (R2) and 1.3370 (R3). Downwards scenario: Possible price depreciation is limited to the key support barrier at 1.3223 (S1). Break here is required to enable corrective action towards to lower targets at 1.3190 (S2) and 1.3157 (S3). Resistance Levels: 1.3305, 1.3337, 1.3370 Support Levels: 1.3223, 1.3190, 1.3157 --------------------- GBPUSD : HIGH 1.56178 LOW 1.55808 BID 1.55949 ASK 1.55963 CHANGE -0.02% TIME 08 : 24:36 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High Upwards scenario: Yesterday high offers a key resistive barrier at 1.5684 (R1). Subsequently loss here might create upside momentum and drive market price towards to our initial targets at 1.5732 (R2) and 1.5781 (R3) in potential. Downwards scenario: Possible downside extension might face next supportive barrier at 1.5564 (S1). Clearance here is required to open the way towards to interim target at 1.5517 (S2) and any further price regress would then be targeting 1.5467 (S3). Resistance Levels: 1.5684, 1.5732, 1.5781 Support Levels: 1.5564, 1.5517, 1.5467 ------------------------- USDJPY : HIGH 97.517 LOW 95.549 BID 96.696 ASK 96.701 CHANGE -0.27% TIME 08 : 24:37 OUTLOOK SUMMARY : Down TREND CONDITION : Down trend TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : High Upwards scenario: After dipping lower today we see potential of market strengthening in near-term perspective. Next on tap is seen resistance level at 97.57 (R1). Break here would suggest next intraday targets at 98.07 (R2) and 98.58 (R3). Downwards scenario: Price regress below the support level at 95.53 (S1) would increase likelihood of failing towards to our key supportive barrier at 95.07 (S2) and any further market decline would then be targeting final support for today at 94.58 (S3). Resistance Levels: 97.57, 98.07, 98.58 Support Levels: 95.53, 95.07, 94.58 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] Free Forex Demo Accounts | Top ECN Forex Broker | Forex Blog | FXCC [/url] )

alayoua 10-06-2013 10:03 Forex Technical & Market Analysis FXCC Jun 10 2013   Forex Technical & Market Analysis FXCC Jun 10 2013 EUR/USD still searching for direction after NFP Data After trading as high as 1.3284 ahead of the US Non Farm Payroll data, the EUR/USD was unable to hold onto early gains and ended the session 68 pips lower 1.3216. The lack of follow through after the sharp gains early in the week is somewhat concerning, but thus far the pair has been able to hold onto the critical support level located in the 1.3200 area. Some analysts are pointing towards a combination between the Non Farm Payroll data, as well as comments from ECB President Draghi at the most recent ECB meeting as reasons to expect limited upside for the EUR/USD in coming days. According to Marc Chandler, Head of Currency Strategy at BBH, “We warned that although the technical factors looked constructive for the dollar, the fundamentals, in the form of the ECB not delivering on the negative deposit rate (that Draghi said he had an open mind about) and additional aid for small and medium size businesses, were less supportive.” Although he believes the jobs number was not strong enough to warrant any QE tapering in the near future, Chandler noted downside potential in the USD is limited at current levels. “We anticipated that the jobs data would not support notions from some Fed officials (and market participants) that tapering of the purchases of long-term assets could being as early as this month. Now we suspect the dollar's down move has been largely exhausted and we anticipate a recovery in the dollar into a new trading range,” Chandler concluded. [url]https://support.fxcc.com/email/technical/10062013/[/url] FOREX ECONOMIC CALENDAR : 2013-06-10 07:15 GMT | Switzerland. Real Retail Sales (YoY) (Apr) 2013-06-10 08:30 GMT | EMU. Sentix Investor Confidence (Jun) 2013-06-10 12:15 GMT | Canada. Housing Starts s.a (YoY) (May) 2013-06-10 23:01 GMT | UK. RICS Housing Price Balance (May) FOREX NEWS : 2013-06-10 04:37 GMT | EUR/USD still searching for direction after NFP Data 2013-06-10 03:35 GMT | Kiwi attempting bounce towards 0.7900 2013-06-10 02:51 GMT | AUD/JPY consolidating below 92.50 2013-06-10 02:20 GMT | USD/JPY advances capped below 98.50 EURUSD : HIGH 1.32285 LOW 1.31852 BID 1.31975 ASK 1.31978 CHANGE -0.13% TIME 08 : 26:07 OUTLOOK SUMMARY : Up TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Low MARKET ANALYSIS - Intraday Analysis Upwards scenario: Market sentiment is neutral according to the technical indicators. Though any prolonged movement above the resistive measure at 1.3242 (R1) would suggest next intraday targets at 1.3277 (R2) and 1.3311 (R3). Downwards scenario: Medium-term ascending structure might lose its power if the price manages to overcome next support level at 1.3187 (S1). Clearance here might determine intraday negative bias and expose our initial targets at 1.3159 (S2) and 1.3129 (S3). Resistance Levels: 1.3242, 1.3277, 1.3311 Support Levels: 1.3187, 1.3159, 1.3129 -------------------------- GBPUSD : HIGH 1.55627 LOW 1.55179 BID 1.55262 ASK 1.55274 CHANGE -0.17% TIME 08 : 26:08 OUTLOOK SUMMARY : Up TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Low Upwards scenario: GBPUSD remains under correction mode after initial uptrend formation. However strengthening above the next resistive structure at 1.5565 (R1) might activate bullish pressure and expose our intraday targets at 1.5602 (R2) and 1.5641 (R3). Downwards scenario: Key support level lies at 1.5486 (S1). Penetration below it might shift medium-term tone to the negative side. Our intraday targets locates at 1.5449 (S2) and 1.5411 (S3). Resistance Levels: 1.5565, 1.5602, 1.5641 Support Levels: 1.5486, 1.5449, 1.5411 ----------------------- USDJPY : HIGH 98.427 LOW 97.71 BID 98.235 ASK 98.240 CHANGE 0.73% TIME 08 : 26:09 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Low Upwards scenario: Market gradually recovers previous week losses. If pair gains momentum on the upside and overcome our next resistance at 98.58 (R1), we would suggest next resistances at 98.95 (R2) and 99.33 (R3) as possible targets. Downwards scenario: On the other hand, depreciation below the technically important support level at 97.77 (S1) would allow further market decline on the medium-term perspective. Possible targets lies at 97.36 (S2) and 96.92 (S3). Resistance Levels: 98.58, 98.95, 99.33 Support Levels: 97.77, 97.36, 96.92 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] Forex Software | Forex Basics | Forex ECN Trading Account | FXCC [/url] )

alayoua 11-06-2013 12:01 Forex Technical & Market Analysis FXCC Jun 11 2013   Forex Technical & Market Analysis FXCC Jun 11 2013 USD/JPY searching for direction after BoJ Meeting The USD/JPY has experienced a fairly volatile Asia session, at one point declining all the way down to 97.78 before finding support and currently consolidating near the 98.30 level. The main catalyst for the sharp drop appeared to come right after the Bank of Japan announced they wouldn’t be making any changes to current monetary policy. Analysts on the FXStreet.com team noted although many had expected the policy to remain unchanged, there were rumors circling of possible adjustments to help control the recent government bond market volatility which may have helped spark the initial declines when market participants saw the adjustments to current policy were not made. “The Bank of Japan monetary policy meeting offered no particular response to the latest episodes of market volatility in JGB, which includes the failure to change maturities of fixed rate operations in order to ease bond market volatility. Also, there had been some rumors about a proposal to extend the loans to 2 years, something that was not accepted, leading to a strong selling in both the Nikkei and USD/JPY,” FXstreet.com team concluded. [url]https://support.fxcc.com/email/technical/11062013/[/url] FOREX ECONOMIC CALENDAR : N/A | Japan. BoJ Monetary Policy Statement N/A | Germany. Germany Constitutional court ruling on OTM bond buying 2013-06-11 08:30 GMT | UK. Manufacturing Production 2013-06-11 14:00 GMT | UK. NIESR GDP Estimate 2013-06-11 05:00 GMT | USD/JPY searching for direction after BoJ Meeting 2013-06-11 04:43 GMT | 10% appreciation by the USD in 12-18 months - Societe Generale 2013-06-11 04:34 GMT | AUD/USD faces deeper falls on clean 0.94 breakout - JPMorgan 2013-06-11 04:01 GMT | GBP/USD possibly gunning for 1.5800 - 2ndSkies EURUSD : HIGH 1.32917 LOW 1.32474 BID 1.32702 ASK 1.32705 CHANGE 0.11% TIME 08 : 27:25 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Market remains relatively stable, though clearance of next resistance level at 1.3292 (R1) might initiates bullish pressure. Above the local high locates our resistive means at 1.3321 (R2) and 1.3350 (R3). Downwards scenario: Activation of bearish forces is possible below the support level at 1.3244 (S1). Clearance here would suggest next interim target at 1.3216 (S2) and if the price holds its momentum we would suggest final aim at 1.3187 (S3). Resistance Levels: 1.3292, 1.3321, 1.3350 Support Levels: 1.3244, 1.3216, 1.3187 ---------------------- GBPUSD : HIGH 1.5602 LOW 1.55563 BID 1.55820 ASK 1.55825 CHANGE 0.06% TIME 08 : 27:25 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Resistance level at 1.5602 (R1) acts as reference point for further market strengthening. Break here is required to enable next interim target at 1.5635 (R2) en route towards to final aim for today at 1.5667 (R3). Downwards scenario: Though, possibility of correction is high. Devaluation below the support at 1.5552 (S1) would initiate bearish pressure. On the way our next interim support at 1.5521 (S2) en route to final target at 1.5488 (S3). Resistance Levels: 1.5602, 1.5635, 1.5667 Support Levels: 1.5552, 1.5521, 1.5488 -------------------- USDJPY : HIGH 99.056 LOW 97.791 BID 98.226 ASK 98.231 CHANGE -0.52% TIME 08 : 27:26 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: USDJPY commence correction phase and currently any upside action is limited to the next resistive structure at 98.58 (R1). Break here is required to enable upside pressure towards to intraday targets at 98.95 (R2) and 99.33 (R3). Downwards scenario: Prolonged movement below the supportive measure at 97.77 (S1) is required to activate downtrend expansion. Next aim on the way would be mark at 97.36 (S2) and then final target could be met at 96.97 (S3). Resistance Levels: 98.58, 98.95, 99.33 Support Levels: 97.77, 97.36, 96.97 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] http://www.fxcc.com [/url] )

alayoua 12-06-2013 11:04 Forex Technical & Market Analysis FXCC Jun 12 2013   Forex Technical & Market Analysis FXCC Jun 12 2013 Strong technical set up helps EUR/USD post highest close since mid February The EUR/USD finished the session sharply higher, surpassing the critical resistance level near 1.3300 and closing up 57 pips at 1.3312 (highest daily close since Feb 19th). In what was a quiet day of economic releases from both the EU and US, analysts were searching for catalyst to help explain the impressive strength. Derek Halpenny, European Head of Global Markets Research at Bank of Tokyo Mitsubishi UFJ, was pointing towards recent hawkish comments from ECB President Draghi as an initial catalyst for the sharp move higher. “The euro remains incredibly solid and has advanced further versus the dollar. ECB President Draghi did speak yesterday and stated that rates would rise once the euro-zone economy improved – a statement of the obvious.” In further discussing his views, Halpenny went on to comment, “We suspect that the current euro demand is probably emanating from the unwinding of long high yielding currency positions. Both the dollar and the euro were likely used as funding currencies for these positions and hence the euro is modestly out-performing the dollar.” To conclude his view, Halpenny went on to say he expects the EUR/USD will start to decline once the position unwind is completed. [url]https://support.fxcc.com/email/technical/12062013/[/url] FOREX ECONOMIC CALENDAR : N/A | Germany. Constitutional court ruling on OMT bond buying 2013-06-12 06:00 GMT | Germany. Consumer Price Index (YoY) (May) 2013-06-12 08:30 GMT | UK. Claimant Count Change (May) 2013-06-12 21:00 GMT | New Zeland. Monetary Policy Statement FOREX NEWS : 2013-06-12 04:10 GMT | German CPI next: Impact on EUR/USD 2013-06-12 03:43 GMT | USD/CAD has found a short term base - TDS 2013-06-12 03:36 GMT | AUD/JPY advances capped near 91.50 2013-06-12 02:40 GMT | AUD/USD inching higher towards 0.9500 ------------------------- EURUSD : HIGH 1.33172 LOW 1.32972 BID 1.33003 ASK 1.33004 CHANGE -0.1% TIME 08 : 24:49 OUTLOOK SUMMARY : Up TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Upwards penetration is limited now to next resistive structure at 1.3321 (R1). Break here is required to enable higher targets at 1.3350 (R2) and 1.3378 (R3). Downwards scenario: On the other hand, depreciation below the support level at 1.3271 (S1) would suggest next intraday target at 1.3244 (S2) and any further weakening would then be limited to final support level at 1.3216 (S3). Resistance Levels: 1.3321, 1.3350, 1.3378 Support Levels: 1.3271, 1.3244, 1.3216 -------------------- GBPUSD : HIGH 1.56519 LOW 1.56337 BID 1.56362 ASK 1.56370 CHANGE -0.06% TIME 08 : 24:50 OUTLOOK SUMMARY : Up TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Possible upwards formation is limited now to resistive measure at 1.5654 (R1). A break above it would suggest next intraday target at 1.5686 (R2) and if the price holds its momentum we can expect price increase towards to final resistance at 1.5717 (R3). Downwards scenario: On the downside our focus is shifted to the next support level at 1.5618 (S1). Loss here is required to push the price towards to our next interim targets at 1.5584 (S2) en route towards to final support at 1.5550 (S3) Resistance Levels: 1.5654, 1.5686, 1.5717 Support Levels: 1.5618, 1.5584, 1.5550 ------------------ USDJPY : HIGH 96.778 LOW 95.918 BID 96.738 ASK 96.743 CHANGE 0.76% TIME 08 : 24:51 OUTLOOK SUMMARY : Down TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: A violation of next resistance at 97.29 (R1) might call for a run towards to next target at 97.71 (R2) and any further appreciation would then be limited to final target at 98.13 (R3). Downwards scenario: Negative developments might be settled below the important support level at 96.21 (S1). Any price action below it would then be targeting support at 95.79 (S2) and final target could be exposed at 95.37 (S3) mark. Resistance Levels: 97.29, 97.71, 98.13 Support Levels: 96.21, 95.79, 95.37 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] ECN Currency Trading Blog | Forex Training and Tips | FXCC [/url] )

alayoua 13-06-2013 09:56 Forex Technical & Market Analysis FXCC Jun 13 2013   Forex Technical & Market Analysis FXCC Jun 13 2013 IMF approves €657 million bailout tranche for Portugal The International Monetary Fund (IMF) approved the seventh tranche of Portugal's bailout Wednesday and gave the country more time to meet its budget-cutting goals. The IMF will disburse the next tranche worth €657 million after the successful review of a bailout program that started in 2011. Meanwhile, the fund eased conditions, allowing Portugal to lower its budget deficit to 3% of GDP by 2015 from 6.4% in 2012, instead of by 2014. "The Portuguese authorities have put forward a program that is economically well-balanced and has growth and job creation at its center", IMF acting Managing Director John Lipsky wrote in a statement. With Chinese markets back in business after a 5 day weekend closed over holidays, local share markets were dumped with Nikkei index leading the way lower losing at one point more than -6%. USD posted fresh 4-month lows at 80.66 DXY with USD/JPY printing fresh 2-month lows at 94.36, and EUR/USD 3-month highs above 1.3360. Gold and Oil showed little changes on the move. Australian job market surprised to the upside adding 1.1k more jobs to the economy when -10k were expected, making AUD/USD dip below the 0.9450 level. RBNZ left interest rates unchanged at 2.5%, with NZD/USD hanging around the 0.79 figure. [url]http://blog.fxcc.com/forex-technical-market-analysis-june-13-2013/[/url] FOREX ECONOMIC CALENDAR : 2013-06-13 08:00 GMT | EMU. ECB Monthly Report 2013-06-13 12:30 GMT | USA. Retail Sales (MoM) (May) 2013-06-13 14:00 GMT | USA. Business Inventories (Apr) 2013-06-13 23:50 GMT | Japan. BoJ Monetary Policy Meeting Minutes FOREX NEWS : 2013-06-13 04:55 GMT | USD/JPY technical set up continues to deteriorate as bears maintain control 2013-06-13 04:27 GMT | GBP/USD resting below 1.57 figure 2013-06-13 03:49 GMT | EUR/JPY cracks 127.00, further selling pressure revealed 2013-06-13 03:15 GMT | USD/CAD, sustained weakness below 1.0170/75 needed – TDS -------------------- Forex Technical Analysis EURUSD : MARKET ANALYSIS – Intraday Analysis Upwards scenario: Uptrend evolvement remains in power. Further appreciation above the resistive barrier at 1.3371 (R1) is compulsory to commence positive market structure and validate next intraday targets at 1.3395 (R2) and 1.3418 (R3). Downwards scenario: Any downside fluctuations remains for now limited to the key support barrier at 1.3335 (S1). Only clear break here would be a signal of possible market easing towards to our targets at 1.3311 (S2) and 1.3288 (S3) in potential. Resistance Levels: 1.3371, 1.3395, 1.3418 Support Levels: 1.3335, 1.3311, 1.3288 --------------------------- Forex Technical Analysis GBPUSD : MARKET ANALYSIS – Intraday Analysis Upwards scenario: market looks overbought and possibility of retracement is high. Though loss of the next resistive barrier at 1.5706 (R1) might push the price towards to our targets at 1.5733 (R2) and 1.5761 (R3) later on today. Downwards scenario: We placed our support level right above the Monday high at 1.5654 (S1). Clearance here is required to open way towards to our interim target at 1.5626 (S2) and then final aim locates at 1.5598 (S3). Resistance Levels: 1.5706, 1.5733, 1.5761 Support Levels: 1.5654, 1.5626, 1.5598 ------------------------- Forex Technical Analysis USDJPY : MARKET ANALYSIS – Intraday Analysis Upwards scenario: Medium term bias is clearly negative on USDJPY however we expect see some recovery action later on today. Key resistive bastion lies at 95.12 (R1). If the price manages to break it, we would suggest next targets at 95.67 (R2) and 96.21 (R3). Downwards scenario: Risk of price depreciation is seen below the support level at 93.90 (S1). A fall below it might prolong the weakness towards to next target at 93.40 (S2) and any further market decline would then be limited to final support at 92.91 (S3). Resistance Levels: 95.12, 95.67, 96.21 Support Levels: 93.90, 93.40, 92.91 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] Currency Trading Blog | Best ECN Broker | Forex Trading System | FXCC [/url] )

alayoua 14-06-2013 10:54 Forex Technical & Market Analysis FXCC Jun 14 2013   Forex Technical & Market Analysis FXCC Jun 14 2013 Draghi says OMT necessary, effective and within ECB mandate Mario Draghi defended the Outright Monetary Transactions (OMT) a day after the ECB and the Bundesbank confronted in a public hearing at Germany's top court on the legality of the bond-buying program. ECB President said the program was necessary, effective and in line with the ECB mandate. He pointed that benefits are 'visible to everybody' across Europe including Germany, in particular, falling bond yields in Italy and Spain. "It is fully in line with our mandate because it is designed to preserve price stability for the euro area and uses instruments foreseen in the Statute," Draghi said according to the transcript of a video statement after receiving the responsible leadership award 2013 from the European School of Management and Technology in Berlin. Meanwhile, Draghi urged eurozone leaders to stick reforms and to push for greater integration "to build a stronger economic and monetary union based on shared sovereignty and greater legitimacy". "For the euro area now to move forward and establish itself on stronger ground, we need all decision makers to take their responsibilities," Draghi said. [url]https://support.fxcc.com/email/technical/14062013/[/url] FOREX ECONOMIC CALENDAR : 2013-06-14 09:00 GMT | EMU. Consumer Price Index (YoY) (May) 2013-06-14 12:30 GMT | USA. Producer Price Index (YoY) (May) 2013-06-14 13:15 GMT | USA. Industrial Production (MoM) (May) 2013-06-14 13:55 GMT | USA. Reuters/Michigan Consumer Sentiment Index (Jun) FOREX NEWS : 2013-06-14 04:21 GMT | GBP/USD treading water around 1.57 figure 2013-06-14 03:08 GMT | AUD/USD dealing with 0.9600 bids 2013-06-14 01:06 GMT | USD/JPY knocks on 94.50 session lows 2013-06-14 01:06 GMT | EUR/USD, look for highly corrective pullbacks to join bulls - 2ndSkies EURUSD : HIGH 1.33745 LOW 1.33422 BID 1.33468 ASK 1.33474 CHANGE -0.21% TIME 08 : 20:56 OUTLOOK SUMMARY : Up TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: While instrument trades above the 20 SMA, it keeps immediate upside potential. Next resistance is seen at 1.3379 (R1), break above it might extend gains towards to next targets at 1.3412 (R2) and 1.3444 (R3). Downwards scenario: Failure to establish positive bias today might lead to the recovery action in near term perspective. Next immediate support locates at 1.3305 (S1). Break here is required to enable bearish pressure towards to our targets at 1.3272 (S2) and 1.3239 (S3). Resistance Levels: 1.3379, 1.3412, 1.3444 Support Levels: 1.3305, 1.3272, 1.3239 ------------------ GBPUSD : HIGH 1.57199 LOW 1.56943 BID 1.57021 ASK 1.57034 CHANGE -0.1% TIME 08 : 20:57 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: GBPUSD keeps bullish potential. Next hurdle on the upside might be found at 1.5737 (R1). Break here would open road towards to our interim aim at 1.5768 (R2) and enable final intraday resistive measure at 1.5799 (R3). Downwards scenario: Retracement action might occur below the key support level at 1.5671 (S1). Break here would open road towards to next supportive measure at 1.5639 (S2) and then final supportive bastion could be found at 1.5606 (S3). Resistance Levels: 1.5737, 1.5768, 1.5799 Support Levels: 1.5671, 1.5639, 1.5606 -------------------------- USDJPY : HIGH 95.797 LOW 94.429 BID 95.309 ASK 95.314 CHANGE -0.05% TIME 08 : 20:57 OUTLOOK SUMMARY : Down TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: Instrument resumed consolidation phase from its initial downtrend formation. Resistance level at 95.67 (R1) is a key technical point on the upside. Penetration above it would suggest higher targets at 96.21 (R2) and 96.75 (R3) later on today. Downwards scenario: Market decline below the supportive mean at 94.38 (S1) might trigger bearish pressure and enable lower target at 93.85 (S2). Final target for today locates at 93.26 (R3) price level. Resistance Levels: 95.67, 96.21, 96.75 Support Levels: 94.38, 93.85, 93.26 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] FX Central Clearing Ltd [/url] )

alayoua 17-06-2013 10:17 Forex Technical & Market Analysis FXCC Jun 17 2013   Forex Technical & Market Analysis FXCC Jun 17 2013 Dollar Outlook Next Week Hinges on Bernanke The month of June has proven to be an extremely volatile period in the forex market as the U.S. dollar fell aggressively against many major currencies. Unfortunately we can't expect the markets to calm anytime soon with a heavy dose of economic data expected from countries around the world. The U.K. and Australia will release monetary policy minutes, the Swiss National Bank will hold a monetary policy meeting and of course - we also have the Federal Reserve's monetary policy announcement on the calendar. In addition to these event risks, Eurozone PMIs, New Zealand GDP, UK retail sales, US manufacturing data and Canadian retail sales are also scheduled for release. Yet there's no question that of all these events, the most important will be the Fed meeting. Much of the volatility in the financial markets has been caused by the uncertainty of Fed policy. There's been a lot of talk about tapering asset purchases, which has caused stocks to weaken but at the same time, central bank officials and noted Fed watchers have stressed that a reduction in Quantitative Easing does not equate to tightening. They are absolutely right and we think that the rest of the market is beginning to realize this connection as well but based on the reaction to Jon Hilsenrath's article this week, there are still a subset who need convincing. [url]https://support.fxcc.com/email/technical/17062013/[/url] FOREX ECONOMIC CALENDAR : 24h | All. G8 Meeting 2013-06-17 09:00 GMT | EMU. Labour cost (Q1) 2013-06-17 09:00 GMT | EMU. Trade Balance n.s.a. (Apr) 2013-06-17 12:30 GMT | USA. NY Empire State Manufacturing Index (Jun) FOREX NEWS : 2013-06-17 04:55 GMT | EUR/AUD testing 1.3850 support on Euro weakness 2013-06-17 04:02 GMT | EUR/USD dips to fresh session lows ahead of G-8 2013-06-17 02:23 GMT | USD/JPY extends gains above 94.50 2013-06-17 00:49 GMT | Aussie pops above 0.96 USD EURUSD : HIGH 1.33573 LOW 1.33184 BID 1.33187 ASK 1.33191 CHANGE -0.16% TIME 08 : 14:08 OUTLOOK SUMMARY : Neutral TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Low MARKET ANALYSIS - Intraday Analysis Upwards scenario: EURUSD trapped to the consolidation phase. Local high at 1.3358 (R1) offers a key resistance level. Break here is required to take the pair towards to initial targets at 1.3379 (R2) and 1.3399 (R3). Downwards scenario: Penetration below the support level at 1.3294 (S1) might maintain a negative tone and prolong corrective action. Price devaluation would then be targeting our supportive measures at 1.3272 (S2) and 1.3250 (S3) in potential. Resistance Levels: 1.3358, 1.3379, 1.3399 Support Levels: 1.3294, 1.3272, 1.3250 --------------------- GBPUSD : HIGH 1.57319 LOW 1.56927 BID 1.56935 ASK 1.56944 CHANGE -0.02% TIME 08 : 14:09 OUTLOOK SUMMARY : Up TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Low Upwards scenario: GBPUSD is approaching our next resistive barrier at 1.5737 (R1) on the upside. Surpassing of this level may initiate bullish pressure towards to next visible targets at 1.5768 (R2) and 1.5799 (R3). Downwards scenario: If the price failed to overcome our next resistance level we expect market easing below the support level at 1.5671 (S1). Loss here would shift our intraday outlook to the bearish side with expected targets at 1.5639 (S2) and 1.5606 (S3). Resistance Levels: 1.5737, 1.5768, 1.5799 Support Levels: 1.5671, 1.5639, 1.5606 ---------------------- USDJPY : HIGH 94.837 LOW 94.098 BID 94.722 ASK 94.726 CHANGE 0.67% TIME 08 : 14:09 OUTLOOK SUMMARY : Down TREND CONDITION : Sideway TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Low Upwards scenario: Upside formation is limited now to the next resistive barrier at 95.05 (R1). Clearance here is required to provide a space for a move towards to next target at 95.53 (R2) and then final aim would be 96.04 (R3). Downwards scenario: On the other hand, an element of supportive measures could be found at 94.24 (S1). Clearance here would suggest possible downtrend development towards to initial targets, located at 93.75 (S2) and 93.27 (S3). Resistance Levels: 95.05, 95.53, 96.04 Support Levels: 94.24, 93.75, 93.27 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] Forex Account | Best ECN Forex Brokers | Forex Trading Systems | FXCC [/url] )

alayoua 18-06-2013 10:58 Forex Technical & Market Analysis FXCC Jun 18 2013   Forex Technical & Market Analysis FXCC Jun 18 2013 Dollar Strengthens, Stocks Soar as Traders Position for FOMC Yesterday we saw how much of a difference a few hours can make with the dollar recovering earlier losses to end the North American session higher against most of the major currencies. With only one day to go before the Federal Reserve's monetary policy announcement, the big move in equities and the reversal in currencies suggests that traders are beginning to position for FOMC. Yet taking a look at how the various markets are trading, there seems to be more confusion than clarity on what the central bank will say or do. The rise in the dollar and the increase in U.S. Treasury yields imply that currency and equity traders believe that the main takeaway from this week's meeting will be that the central bank is gearing up to taper. However the rally in U.S. equities suggest that stock traders believe that the Fed will make a point to distinguish tapering from tightening and reassure investors that cheap and easy money will remain available for a very long period of time. If Bernanke is successful in convincing the market that they will take a very gradualist approach to tapering, the U.S. dollar could give up its gains. However if Bernanke emphasizes the central bank's plans for tapering over its difference with tightening, the dollar could extend its rise. [url]https://support.fxcc.com/email/technical/18062013/[/url] FOREX ECONOMIC CALENDAR : N/A | UK. BOE Inflation Letter 2013-06-18 06:00 GMT | EMU. ECB President Draghi's Speech 2013-06-18 08:30 GMT | UK. Consumer Price Index (YoY) (May) 2013-06-18 12:30 GMT | USA. Consumer Price Index (YoY) (May) FOREX NEWS : 2013-06-18 05:03 GMT | GBP/USD capped at 1.57 ahead of UK CPI 2013-06-18 04:38 GMT | EUR/USD braces for volatile week 2013-06-18 03:28 GMT | AUD/JPY hovering above 90.00 2013-06-18 02:58 GMT | GBP/JPY advances remain capped below 149.50 ---------------------- EURUSD : HIGH 1.33676 LOW 1.33466 BID 1.33526 ASK 1.33527 CHANGE -0.1% TIME 08 : 36:46 OUTLOOK SUMMARY : Neutral TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High MARKET ANALYSIS - Intraday Analysis Upwards scenario: Current price setup might suggest volatility increase in near term perspective. If the price get acceleration on the upside and manages to surpass our resistive measure at 1.3382 (R1), we would suggest next targets at 1.3402 (R2) and 1.3422 (R3). Downwards scenario: On the other hand, an element of supportive measures could be found at 1.3326 (S1). Clearance here would suggest possible downtrend development towards to initial targets at 1.3307 (S2) and 1.3286 (S3). Resistance Levels: 1.3382, 1.3402, 1.3422 Support Levels: 1.3326, 1.3307, 1.3286 ------------------------ GBPUSD : HIGH 1.57227 LOW 1.56943 BID 1.56961 ASK 1.56970 CHANGE -0.14% TIME 08 : 36:47 OUTLOOK SUMMARY : Neutral TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High Upwards scenario: Clearance of our next resistive structure at 1.5739 (R1) would open way towards to our initial target at 1.5766 (R2) and any further market rise would then be targeting 1.5796 (R3). Downwards scenario: Any downside fluctuations remains for now limited to the next support level at 1.5679 (S1), only clear break here would be a signal of possible market easing towards to next targets at 1.5652 (S2) and 1.5624 (S3) in potential. Resistance Levels: 1.5739, 1.5766, 1.5796 Support Levels: 1.5679, 1.5652, 1.5624 ------------------------------- USDJPY : HIGH 94.955 LOW 94.436 BID 94.797 ASK 94.799 CHANGE 0.34% TIME 08 : 36:48 OUTLOOK SUMMARY : Down TREND CONDITION : Sideway TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : High Upwards scenario: USDJPY stabilized on the hourly chart however appreciation above the next resistance at 95.23 (R1) might be a good catalyst for a recovery action towards to next targets at 95.66 (R2) and 96.11 (R3). Downwards scenario: On the other hand, if the pair accelerates on the downside and manage to break our next support level at 94.26 (S1), it is likely to trigger our next support level at 93.82 (S2) and 93.37 (S3) later on today. Resistance Levels: 95.23, 95.66, 96.11 Support Levels: 94.26, 93.82, 93.37 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] Forex Account | Best ECN Forex Brokers | Forex Trading Systems | FXCC [/url] )

alayoua 19-06-2013 12:14 Forex Technical & Market Analysis FXCC Jun 19 2013   Forex Technical & Market Analysis FXCC Jun 19 2013 EUR - Lifted by Stronger Investor Confidence The euro traded higher against all of the major currencies today thanks to the improvement in Eurozone and German investor sentiment. The Eurozone ZEW survey rose to 30.6 from 27.6 and while investors grew less optimistic about current conditions in Germany, their confidence in future conditions improved with the expectations component of the German ZEW rising to 38.5 from 36.4. With the European Central Bank taking additional steps to stimulate the economy, this data indicates that investors are looking for a stronger recovery. In a farewell conference for Bank of Israel Governor Stanley Fischer today, European Central Bank President Mario Draghi talked about ECB monetary policy. He said the central bank would consider non-standard measures including the possibility of negative deposit rates. Draghi said, "We will look with an open mind at these measures that are especially effective in our institutional setup and that fall within our mandate." Yet he warned that these non-standard measures could also lead to unintentional consequences. Parts of the Eurozone have been unresponsive to monetary policy and Draghi has set to regain its steering capacity. He pointed out that the introduction of non-standard policy measures along with standard measures helped prevent the materialization of deflation risk. [url]https://support.fxcc.com/email/technical/19062013/[/url] FOREX ECONOMIC CALENDAR : 2013-06-19 08:30 GMT | UK. Bank of England Minutes 2013-06-19 18:00 GMT | USA. Fed Interest Rate Decision 2013-06-19 18:30 GMT | USA. Fed's Monetary Policy Statement and press conference 2013-06-19 22:45 GMT | New Zeland. Gross Domestic Product (QoQ) (Q1) FOREX NEWS : 2013-06-19 04:38 GMT | EUR/USD technical set up favors further upside ahead of FOMC 2013-06-19 03:37 GMT | GBP/JPY trapped inside the 149.50/148.50 range 2013-06-19 03:36 GMT | Bernanke not likely to backtrack on previous tapering comments - NAB 2013-06-19 03:03 GMT | EUR/AUD edging higher towards 1.4200 EURUSD : HIGH 1.34023 LOW 1.33847 BID 1.33906 ASK 1.33911 CHANGE -0.03% TIME 08 : 30:42 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High MARKET ANALYSIS - Intraday Analysis Upwards scenario: Fresh portion of the economic data releases might increase volatility later on today. Clearance of our next resistive barrier at 1.3402 (R1) is required to push the price towards to our next visible targets at 1.3424 (R2) and 1.3445 (R3). Downwards scenario: On the other hand, the 1.3381 (S1) mark is a key support level on the downside. Below here is a route towards to next supports at 1.3360 (S2) and 1.3339 (S3). Resistance Levels: 1.3402, 1.3424, 1.3445 Support Levels: 1.3381, 1.3360, 1.3339 ----------------------------- GBPUSD : HIGH 1.56443 LOW 1.56177 BID 1.56325 ASK 1.56331 CHANGE -0.06% TIME 08 : 30:43 OUTLOOK SUMMARY : Down TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High Upwards scenario: The recent price acceleration on the downside suggests a possible recovery action. Next on tap is resistive barrier at 1.5657 (R1) on the way towards to higher targets at 1.5677 (R2) and 1.5697(R3). Downwards scenario: If the price failed to overcome our next resistance level we expect further market decline below the support level at 1.5616 (S1). Our intraday targets locates at 1.5597 (S2) and 1.5578 (S3). Resistance Levels: 1.5657, 1.5677, 1.5697 Support Levels: 1.5616, 1.5597, 1.5578 ----------------------------- USDJPY : HIGH 95.664 LOW 95.177 BID 95.336 ASK 95.339 CHANGE 0.01% TIME 08 : 30:43 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: Current price setup might suggest volatility increase in near term perspective. If the price get acceleration on the upside and manages to surpass our resistive measure at 95.66 (R1), we would suggest next targets at 95.96 (R2) and 96.26 (R3). Downwards scenario: Fractals level at 95.05 (S1) offers a key resistive measure on the downside. Break here is required to enable bearish pressure and validate next target at 94.75 (S2). Final support for today locates at 94.45 (S3). Resistance Levels: 95.66, 95.96, 96.26 Support Levels: 95.05, 94.75, 94.45 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] Forex Trading News | ECN Trading Account | Forex ECN Broker | FXCC [/url] )

alayoua 20-06-2013 11:45 Forex Technical & Market Analysis FXCC Jun 20 2013   Forex Technical & Market Analysis FXCC Jun 20 2013 Bernanke: The Fed is ready to start tapering Following the Fed decision to hold rates and the optimistic FOMC economic projections, Fed Chairman Ben Bernanke indicated that the Fed are ready to start tapering QE. Bernanke began by highlighting the optimistic growth forecasts for 2013 and 2014, making reference to the hotly anticipated exit strategy, commenting, on “setting fed funds target over medium term and continuing purchases of MBS”. Further, he added that an improvement in the unemployment rate to 6.5% should not be considered to be a trigger for an immediate rate hike. He added that he is personally expecting this to occur during 2015. [url]https://support.fxcc.com/email/technical/20062013/[/url] FOREX ECONOMIC CALENDAR : 2013-06-20 07:30 GMT | Switzerland. SNB Interest Rate Decision 2013-06-20 08:30 GMT | UK. Retail Sales 2013-06-20 12:30 GMT | USA. Initial Jobless Claims 2013-06-20 14:00 GMT | USA. Existing Home Sales Change FOREX NEWS : 2013-06-20 04:42 GMT | EUR/USD unable to hold a bid after FOMC release deemed hawkish 2013-06-20 04:21 GMT | USD/JPY breaches the 97.00 handle 2013-06-20 03:45 GMT | China's overnight repo surges to 25% 2013-06-20 03:28 GMT | NZD/JPY continues to consolidate around 76.00 EURUSD : HIGH 1.3302 LOW 1.32491 BID 1.32493 ASK 1.32496 CHANGE -0.35% TIME 08 : 04:08 OUTLOOK SUMMARY : Down TREND CONDITION : Down trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: EURUSD broke all support levels yesterday and determined clear negative bias. Recovery action is possible above the resistive structure at 1.3302 (R1). Clearance here would enable higher targets at 1.3324 (R2) and 1.3346 (R3). Downwards scenario: Next on tap locates support level at 1.3245 (S1). Possible penetration below it would open way towards to next target at 1.3223 (S2) and then any further market decline would be limited to last mark at 1.3201 (S3). Resistance Levels: 1.3302, 1.3324, 1.3346 Support Levels: 1.3245, 1.3223, 1.3201 --------------------------- GBPUSD : HIGH 1.54937 LOW 1.54316 BID 1.54332 ASK 1.54345 CHANGE -0.32% TIME 08 : 04:09 OUTLOOK SUMMARY : Down TREND CONDITION : Down trend TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: We are not expecting significant volatility on the upside today, however clearance of our next resistive barrier at 1.5503 (R1) might push the price towards to our next visible targets at 1.5531 (R2) and 1.5558 (R3). Downwards scenario: Further downtrend evolvement might get more stimulus below the support level at 1.5417 (S1). Our intraday targets locates at 1.5391 (S2) and 1.5365 (S3). Resistance Levels: 1.5503, 1.5531, 1.5558 Support Levels: 1.5417, 1.5391, 1.5365 ------------------------ USDJPY : HIGH 97.181 LOW 96.201 BID 96.899 ASK 96.901 CHANGE 0.48% TIME 08 : 04:09 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: Measures of resistance might be activating when the pair approaches 97.26 (R1) price level. Break here would suggest next interim target at 97.61 (R2) and If the price keeps its momentum we expect an exposure of 97.93 (R3). Downwards scenario: Possible bull back formation might face next hurdle at 96.39 (S1). Break here is required to open road towards to our next interim target at 96.07 (S2) en route to final aim at 95.75 (S3). Resistance Levels: 97.26, 97.61, 97.93 Support Levels: 96.39, 96.07, 95.75 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] http://www.fxcc.com [/url] )

alayoua 21-06-2013 10:44 Forex Technical & Market Analysis FXCC Jun 21 2013   Forex Technical & Market Analysis FXCC Jun 21 2013 EU Fin Min struck deal on bank bailouts Eurozone ministers struck a deal over the origin of funds for bank bailouts from now on. While the local government will contribute 20% of the new capital, the ESM (European Stability Mechanism) bailout fund will become the major contributor with an 80%, according to an official cited by Reuters. Moreover, EU finance ministers made an agreement for the ESM to be used as an investment vehicle for banks under stress, with each being assessed individually to become eligible to the aid, Reuters reported. With regards to Cyprus, EU Finance Ministers were clear that Cyprus must live up to its word by fulfilling its financial obligations. Furthermore, President of the Eurogroup Dijsselbloem was quoted on a headline saying "Implementation of agreed Cypriot baliout program is indispensible", noting that implementation is key for the Bank of Cyrus, also adding that there is likely to be a limit of 60bn euro on direct bank recap fund, although this can be reviewed. The EUR/USD suffered more losses today, declining another 75 pips and closing at 1.3218. However, it should be noted the pair did trade as low as 1.3160 at one point, but was able to recover a decent portion of its losses before the end of the day. Analysts were discussing the release of the most recent EU PMI figures, which hit the tape during the previous European session. [url]https://support.fxcc.com/email/technical/21062013/[/url] FOREX ECONOMIC CALENDAR : 24h | EMU. EcoFin Meeting 2013-06-21 06:35 GMT | Japan. Bank of Japan Governor Kuroda Speech 2013-06-21 07:00 GMT | Switzerland. Monthly Statistical Bulletin (Jun) 2013-06-21 12:30 GMT | Canada. Consumer Price Index (YoY) FOREX NEWS : 2013-06-21 04:25 GMT | EUR/USD attempting to holds its ground, finds firm bids near 1.3160 2013-06-21 03:31 GMT | USD/JPY to revist 100.00 next week - Bank of Tokyo-Mitsubishi UFJ 2013-06-21 02:46 GMT | AUD/USD edging higher towards 0.9250 2013-06-21 02:10 GMT | EUR/JPY advances capped below 130.00 ----------------------------- EURUSD : HIGH 1.32545 LOW 1.31995 BID 1.32345 ASK 1.32348 CHANGE 0.12% TIME 0 8: 31:10 OUTLOOK SUMMARY : Down TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: We are not expecting busy session ahead however upwards extension above the resistance at 1.3255 (R1) level would keep the bullish structure intact and validate our next intraday targets at 1.3272 (R2) and 1.3287 (R3). Downwards scenario: Our key support level locates at 1.3223 (S1) mark. Possible penetration below this mark would open way towards to next target at 1.3206 (S2) and then final support locates at 1.3190 (S3) price level. Resistance Levels: 1.3255, 1.3272, 1.3287 Support Levels: 1.3223, 1.3206, 1.3190 ---------------------- GBPUSD : HIGH 1.55228 LOW 1.54896 BID 1.54975 ASK 1.54987 CHANGE -0.06% TIME 08 : 31:11 OUTLOOK SUMMARY : Down TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Local high, formed today offers a key resistive barrier at 1.5525 (R1). If the price manages to overcome it we would suggest next intraday targets at 1.5549 (R2) and 1.5572 (R3). Downwards scenario: Though medium-term perspective remains negative for GBP versus the Dollar. Next on tap is seen support level at 1.5485 (S1), break here is required to enable our initial targets at 1.5462 (S2) and 1.5438 (S3) Resistance Levels: 1.5363, 1.5388, 1.5413 Support Levels: 1.5301, 1.5276, 1.5251 ----------------------- USDJPY : HIGH 97.888 LOW 96.861 BID 97.833 ASK 97.833 CHANGE 0.6% TIME 08 : 31:12 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: USDJPY remains stable below the 20 SMA. Possible price appreciation is limited to the resistance level at 98.08 (R1). Only clear break here would suggest next intraday targets at 98.36 (R2) and 98.63 (R3). Downwards scenario: Recent upside momentum likely exhausted and we expect some stabilization ahead. Next supportive bastion lies at 97.52 (S1). Prolonged movement below it might then expose our intraday targets at 97.25 (S2) and 96.98 (S3). Resistance Levels: 98.08, 98.36, 98.63 Support Levels: 97.52, 97.25, 96.98 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] Currency Converter | Forex School | ECN Forex Trading Accounts | FXCC [/url] )

alayoua 25-06-2013 10:45 Forex Technical & Market Analysis FXCC Jun 25 2013   Forex Technical & Market Analysis FXCC Jun 25 2013 Will Fed Speeches Halt the Dollar Rally? Based on the sell-off in global equities and rise in bond yields around the world, deleveraging in the financial markets intensified. However in the forex market, the U.S. dollar appears to have stabilized. Early losses for many major currencies against the dollar were recovered by the end of the day. In fact, the AUD/USD even ended the North American trading session in positive territory. Does this mean that the dollar rally has peaked? No. There were no fundamental drivers behind the reversal in the greenback outside of exhaustion. U.S. stocks continued to decline, extending losses that began at the end of May. While the S&P 500 is still up more than 11% year to date, it lost 6% of its value since setting a record high of 1,669.16 on May 21st. With 1,500 in sight more losses are likely for the S&P 500 and additional weakness in equities is a reflection of risk aversion, which could lead to further strength for the greenback. [url]https://support.fxcc.com/email/technical/25062013/[/url] FOREX ECONOMIC CALENDAR : 2013-06-25 08:30 GMT | UK. BBA Mortgage Approvals (May) 2013-06-25 12:30 GMT | USA. Durable Goods Orders (May) 2013-06-25 13:00 GMT | USA. Housing Price Index (MoM) (May) 2013-06-25 14:00 GMT | USA. New Home Sales (MoM) (May) FOREX NEWS : 2013-06-25 02:02 GMT | USD/JPY retesting 98.00 as Nikkei jumps 1% 2013-06-25 01:13 GMT | AUD/USD well supported by 0.9250, 1h EMA 2013-06-25 01:01 GMT | GBP/JPY struggling around the 151.00 handle 2013-06-25 00:21 GMT | EUR/JPY structurally bearish, above 128.40 sees relief EURUSD : HIGH 1.31356 LOW 1.31105 BID 1.31152 ASK 1.31158 CHANGE -0.03% TIME 08 : 19:56 OUTLOOK SUMMARY : Down TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Low MARKET ANALYSIS - Intraday Analysis Upwards scenario: A buying interest might push the pair to attack next resistive measure at 1.3144 (R1). Clearance here is required to resume upside formation, targeting marks at 1.3162 (R2) and 1.3180 (R3) later on today. Downwards scenario: On the other hand, further downtrend formation might commence below the support level at 1.3104 (S1). Break here is required to validate our targets at 1.3087 (S2) and 1.3069 (S3) in potential. Resistance Levels: 1.3144, 1.3162, 1.3180 Support Levels: 1.3104, 1.3087, 1.3069 ----------------------- GBPUSD : HIGH 1.5455 LOW 1.5425 BID 1.54402 ASK 1.54410 CHANGE 0.06% TIME 08 : 19:57 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Low Upwards scenario: Upwards penetration is limited to the psychological resistance level at 1.5466 (R1). Clearance here might open a route towards to our initial target at 1.5486 (R2) and then further price appreciation would be targeting resistance at 1.5506 (R3). Downwards scenario: Break of the support at 1.5426 (S1) is required to determine negative intraday bias and enable lower target at 1.5405 (S2). Clearance of this target would open a path towards to final support for today at 1.5385 (S3). Resistance Levels: 1.5466, 1.5486, 1.5506 Support Levels: 1.5426, 1.5405, 1.5385 ------------------------- USDJPY : HIGH 98.065 LOW 97.275 BID 97.436 ASK 97.441 CHANGE -0.28% TIME 08 : 19:57 OUTLOOK SUMMARY : Neutral TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Low Upwards scenario: Neutral channel formation remains favored pattern on the hourly chart frame. Possible clearance of our next resistive barrier at 97.87 (R1) would suggest next intraday targets at 98.11 (R2) and 98.36 (R3) in potential. Downwards scenario: On the other hand, loss of our support level at 97.21 (S1) would open road for a market decline towards to our next target at 96.98 (S2). Any further price weakening would then be limited to final support for today at 96.73 (S3). Resistance Levels: 97.87, 98.11, 98.36 Support Levels: 97.21, 96.98, 96.73 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] ECN Broker Account | Best Forex Trading Platform | Forex Blog | FXCC [/url] )

alayoua 26-06-2013 12:08 Forex Technical & Market Analysis FXCC Jun 26 2013   Forex Technical & Market Analysis FXCC Jun 26 2013 Pause Before Another Big Move? Based on the price action over the past 48 hours in the forex market, volatility has declined as traders and investors wait for a fresh catalyst to drive the dollar higher. Better than expected U.S. economic data helped the greenback hold onto its gains against most of the major currencies but after such an extensive rally, the market is waiting for some confirmation that the Federal Reserve is on track to taper this year and won't do too much damage on the U.S. economy. The latest economic reports suggests that the economy may be able handle less stimulus but that is far from certain. As we said on Monday, the key is whether the other FOMC members are onboard with the idea. Right now, currency traders are in wait and see mode as they look forward to the next big catalyst - which could come from the speeches by Fed officials. [url]https://support.fxcc.com/email/technical/26062013/[/url] FOREX ECONOMIC CALENDAR : 2013-06-26 06:00 GMT | Germany. Gfk Consumer Confidence Survey (Jul) 2013-06-26 09:30 GMT | UK. BoE's Governor King Speech 2013-06-26 12:30 GMT | USA. Gross Domestic Product. Annualized 2013-06-26 22:45 GMT | New Zeland. Trade Balance (MoM) FOREX NEWS : 2013-06-26 04:35 GMT | The Greenback awaits next catalyst 2013-06-26 03:41 GMT | EUR/USD feeling the selling pressure; holds above 1.3050 2013-06-26 02:33 GMT | GBP/USD risk skewed to the downside - RBS 2013-06-26 01:59 GMT | USD/JPY dips below 98.00 on Yen strength -------------------------- EURUSD : HIGH 1.30872 LOW 1.30569 BID 1.30681 ASK 1.30687 CHANGE -0.1% TIME 08 : 21:14 OUTLOOK SUMMARY : Down TREND CONDITION : Down trend TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Despite the current consolidation pattern, EURUSD remains in downtrend formation on the bigger picture. Clearance of our next resistance level at 1.3102 (R1) might trigger corrective action towards to our initial targets at 1.3129 (R2) and 1.3156 (R3). Downwards scenario: Risk of further price regress is seen below the support level at 1.3054 (S1). Clearance here is required to enable bearish pressure towards to next aims at 1.3029 (S2) and 1.3004 (S3) in potential. Resistance Levels: 1.3102, 1.3129, 1.3156 Support Levels: 1.3054, 1.3029, 1.3004 -------------------------- GBPUSD : HIGH 1.54273 LOW 1.54022 BID 1.54215 ASK 1.54227 CHANGE 0.01% TIME 08 : 21:14 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Market sentiment has improved for the bullish oriented traders yesterday though medium term bias remains negative. Next visible fractals level at 1.5436 (R1) offers a key resistance level. Break here would suggest higher targets at 1.5458 (R2) and 1.5479 (R3). Downwards scenario: Current price pattern suggests bearish potential if the pair manages to overcome next support level at 1.5397 (S1). Possible price regress could expose our initial targets at 1.5377 (S2) and 1.5356 (S3) later on today. Resistance Levels: 1.5436, 1.5458, 1.5479 Support Levels: 1.5397, 1.5377, 1.5356 -------------------- USDJPY : HIGH 98.235 LOW 97.646 BID 97.770 ASK 97.773 CHANGE -0.06% TIME 08 : 21:15 OUTLOOK SUMMARY : Neutral TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Possibility of market strengthening is seen above the immediate resistive barrier at 97.92 (R1). Rise above that level would suggest next interim target at 98.14 (R2) and then final aim locates at 98.37 (R3). Downwards scenario: On the downside our attention is shifted to the immediate support level at 97.39 (S1). Break here is required to enable bearish forces and expose our intraday targets at 97.19 (S2) and 96.99 (S3). Resistance Levels: 97.92, 98.14, 98.37 Support Levels: 97.39, 97.19, 96.99 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] http://www.fxcc.com [/url] )

alayoua 27-06-2013 11:34 Forex Technical & Market Analysis FXCC Jun 27 2013   Forex Technical & Market Analysis FXCC Jun 27 2013 EU FinMin reach deal on bank resolution rules EU Finance Ministers reached, at the second attempt, an agreement on the new policy to manage restructuring and liquidation of banks. The deal is part of efforts to establish a banking union, which has as ultimate objective to break the link between bank debt and sovereign debt. The EcoFin meeting, celebrated ahead of Thursday's EU Summit, agreed what types of creditors must take losses in future banking crises, according to diplomatic sources. The draft document ensures that depositors with savings under €100,000 will be protected from any loss. The agreement has to be now ratified by the heads of state and government at the summit. German unemployment and Eurozone confidence numbers are also scheduled for release today and the outcome of these reports will impact the market's expectations for ECB policy and in turn the euro. If the data is good, then the central bank's threat to increase stimulus will fall on deaf ears. Just this morning ECB President Draghi reminded everyone that the central bank stands ready to act if necessary. Unfortunately based on the latest PMI numbers, labor market conditions most likely deteriorated in the month of June and if the data is weak, confirming that ECB policy will trail far behind the Fed, the euro could find itself trading closer to 1.29. In terms of confidence, it will be tough call since there has been both strength and weakness in the latest IFO and ZEW surveys. These numbers shouldn't be as important as German unemployment. [url]https://support.fxcc.com/email/technical/27062013/[/url] FOREX ECONOMIC CALENDAR : 2013-06-27 07:55 GMT | Germany. Unemployment Change (Jun) 2013-06-27 08:30 GMT | UK. Gross Domestic Product (YoY) (Q1) 2013-06-27 14:00 GMT | USA. Pending Home Sales (YoY) (May) 2013-06-27 23:30 GMT | Japan. National Consumer Price Index (YoY) (May) FOREX NEWS : 2013-06-27 04:58 GMT | AUD/CAD, mid/low 0.99 might be retested 2013-06-27 04:54 GMT | GBP/USD bounces from sub-1.53 support 2013-06-27 04:31 GMT | EUR/USD, key day to further define sentiment 2013-06-27 03:52 GMT | AUD/USD, 0.9330/40 still proves challenging ---------------------------- EURUSD : HIGH 1.30353 LOW 1.30046 BID 1.30350 ASK 1.30353 CHANGE 0.18% TIME 08 : 45:58 OUTLOOK SUMMARY : Down TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Market price penetrated above the moving averages and determined corrective phase from the initial downtrend formation. On the way is key resistive measure at 1.3058 (R1), break here is required to achieve higher targets at 1.3085 (R2) and 1.3112 (R3). Downwards scenario: On the other hand, we would shift our intraday technical outlook to the negative side if the price manage to penetrate below the next support at 1.3014 (S1). Clearance here is required to enable intraday targets at 1.2988 (S2) and 1.2961 (S3). Resistance Levels: 1.3058, 1.3085, 1.3112 Support Levels: 1.3014, 1.2988, 1.2961 ---------------------- GBPUSD : HIGH 1.5346 LOW 1.53087 BID 1.53355 ASK 1.53356 CHANGE 0.15% TIME 08 : 45:59 OUTLOOK SUMMARY : Down TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Medium term bias remains negative and possible price appreciation is limited to resistive barrier at 1.5363 (R1). Prolonged movement above that level would suggest next targets at 1.5392 (R2) and 1.5421 (R3). Downwards scenario: On the downside next challenge is seen at 1.5314 (S1). Breakthrough here would open road for a downside expansion towards to our initial targets at 1.5286 (S2) and 1.5257 (R3) later on today. Resistance Levels: 1.5363, 1.5392, 1.5421 Support Levels: 1.5314, 1.5286, 1.5257 ------------------------ USDJPY : HIGH 97.86 LOW 97.565 BID 97.731 ASK 97.735 CHANGE -0.01% TIME 08 : 46:00 OUTLOOK SUMMARY : Neutral TREND CONDITION : Sideway TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : High Upwards scenario: USDJPY trapped to the consolidation mode after the initial uptrend development. Next resistive barrier is seen at 97.92 (R1), break here is required to enable next attractive points at 98.14 (R2) and 98.37 (R3). Downwards scenario: Possible downside expansion is protected by support level at 97.51 (S1), break here would put bullish oriented traders on hold. Marks at 97.28 (S2) and 97.05 (S3) is the next supportive bastion on the way. Resistance Levels: 97.92, 98.14, 98.37 Support Levels: 97.51, 97.28, 97.05 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] http://www.fxcc.com [/url] )

alayoua 28-06-2013 11:08 Forex Technical & Market Analysis FXCC Jun 28 2013   Forex Technical & Market Analysis FXCC Jun 28 2013 Should the Dollar be Worried about Fed Comments? Fed Presidents Dudley, Powell and Lockhart spoke yesterday and with the first 2 being voting members of the FOMC this year, its no surprise that their comments triggered intraday volatility in the dollar. All 3 Fed Presidents said that it may be appropriate for the central bank to taper asset purchases in 2013 and end QE buying in mid-2014 but the markets chose to hone in on Dudley's comment that QE depends on the economic outlook and not the calendar and could be prolonged if the economy misses their forecasts. There's no question that the recent rise in U.S. yields has irritated central bankers but the fact Dudley still repeated Bernanke's timing after qualifying the conditions for QE means that this uber dove is most likely onboard with the idea of reducing asset purchases. Fed President Powell's stance was similar - while he sees the central bank scaling back purchases this year, he said it is data and not date dependent. Both Dudley and Lockhart didn't see Bernanke's press conference last week as a strong signal of Fed policy or a major shift but rather a "soft notion" of when QE could end. [url]https://support.fxcc.com/email/technical/28062013/[/url] FOREX ECONOMIC CALENDAR : 2013-06-28 06:00 GMT | UK. Nationwide Housing Prices n.s.a (YoY) (Jun) 2013-06-28 12:00 GMT | Germany. Consumer Price Index (YoY) (Jun) 2013-06-28 12:30 GMT | Canada. Gross Domestic Product (MoM) 2013-06-28 13:55 GMT | USA. Reuters/Michigan Consumer Sentiment Index (Jun) FOREX NEWS : 2013-06-28 05:27 GMT | AUD/JPY set to recover towards 94.00 - Westpac 2013-06-28 04:32 GMT | GBP/USD struggles around the 20 hourly EMA 2013-06-28 03:29 GMT | EUR/AUD easing below 1.4150 2013-06-28 02:58 GMT | USD/JPY prints fresh weekly highs shy of 99.00 --------------------------- EURUSD : HIGH 1.30747 LOW 1.30301 BID 1.30613 ASK 1.30618 CHANGE 0.19% TIME 08 : 16:12 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: An element of resistive measure could be found at 1.3077 (R1). Clearance here would open way towards to higher target at 1.3101 (R2) and any further rise would then be limited to last resistance at 1.3124 (R3). Downwards scenario: Possible price depreciation is limited to next support barrier at 1.3042 (S1). Break here is required to enable further downtrend formation towards to lower targets at 1.3018 (S2) and 1.2993 (S3). Resistance Levels: 1.3077, 1.3101, 1.3124 Support Levels: 1.3042, 1.3018, 1.2993 ------------------- GBPUSD : HIGH 1.52745 LOW 1.52413 BID 1.52688 ASK 1.52695 CHANGE 0.07% TIME 08 : 16:13 OUTLOOK SUMMARY : Down TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: GBPUSD commenced its consolidation phase on the hourly chart today. Possibility of uptrend evolvement is seen above the next resistance at 1.5283 (R1). Violation here might increase bullish pressure and validate next intraday targets at 1.5311 (R2) and 1.5338 (R3). Downwards scenario: Risk of market depreciation is seen below the next support level at 1.5240 (S1). Clearance here would suggest next intraday targets at 1.5213 (S2) and 1.5186 (S3) in potential. Resistance Levels: 1.5283, 1.5311, 1.5338 Support Levels: 1.5240, 1.5213, 1.5186 ------------------- USDJPY : HIGH 99.022 LOW 98.335 BID 98.844 ASK 98.849 CHANGE 0.51% TIME 08 : 16:14 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: Market sentiment is improved for the bullish oriented traders however further appreciation needs to clear barrier at 99.06 (R1) to enable our interim target at 99.36 (R2) and then any further gains would be limited to last resistance at 99.67 (R3). Downwards scenario: While instrument trades above the moving averages, our short-term bias would stay positive though penetration below the support level at 98.58 (S1) might open way towards to lower targets at 98.27 (S2) and 97.97 (S3). Resistance Levels: 99.06, 99.36, 99.67 Support Levels: 98.58, 98.27, 97.97 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] http://www.fxcc.com [/url] )

alayoua 01-07-2013 10:14 Forex Technical & Market Analysis FXCC Jul 01 2013   Forex Technical & Market Analysis FXCC Jul 01 2013 China top banking regulator says enough liquidity The Chinese top banking regulatory body appeased fears over the credit crunch in the country, saying that liquidity remains ample for the interbank needs. Regulators reassured the markets by pledging to tighten risk controls over local government, real estate and shadow banking. The chairman of the China Banking Regulatory Commission, Mr. Shang, said "excess reserves more than double amount necessary", although Shanga failed to provide further details on how they intend to reduce shadow banking practices. [url]https://support.fxcc.com/email/technical/01072013/[/url] FOREX ECONOMIC CALENDAR : 2013-07-01 07:58 GMT | EMU. Markit Manufacturing PMI 2013-07-01 08:28 GMT | UK. Markit Manufacturing PMI 2013-07-01 09:00 GMT | EMU. Consumer Price Index 2013-07-01 14:00 GMT | USA. ISM Manufacturing PMI FOREX NEWS : 2013-07-01 04:59 GMT | GBP/USD stalls the decline above 1.5200 2013-07-01 04:50 GMT | Will the big USD rally be sustainable? 2013-07-01 03:36 GMT | AUD/USD breaking above 0.9180 2013-07-01 02:17 GMT | EUR/AUD hovering above 1.4200 EURUSD : HIGH 1.30325 LOW 1.30053 BID 1.30286 ASK 1.30289 CHANGE 0.16% TIME 08 : 40:42 OUTLOOK SUMMARY : Neutral TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Without tier one macroeconomic news announcement neutral mode remains favored. Clearance of next resistance level at 1.3040 (R1) might enable bullish pressure and open route towards to our next targets at 1.3062 (R2) and 1.3084 (R3). Downwards scenario: Possible downside extension might face next supportive barrier at 1.2990 (S1). Clearance here is required to open the way towards to interim target at 1.2971 (S2) and any further price regress would then be targeting 1.2951 (S3). Resistance Levels: 1.3040, 1.3062, 1.3084 Support Levels: 1.2990, 1.2971, 1.2951 ---------------------- GBPUSD : HIGH 1.52265 LOW 1.51953 BID 1.52248 ASK 1.52258 CHANGE 0.12% TIME 08 : 40:43 OUTLOOK SUMMARY : Down TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Low Upwards scenario: Descending structure on GBPUSD suggests possible correction ahead. Break above the resistance at 1.5240 (R1) would clear the way towards to higher target at 1.5271 (R2). Further price appreciation would face then final resistive measure at 1.5303 (R3) Downwards scenario: Next support level lies at 1.5187 (S1). Penetration below it might shift medium-term tone to the negative side. Our intraday targets locates at 1.5159 (S2) and 1.5130 (S3). Resistance Levels: 1.5240, 1.5271, 1.5303 Support Levels: 1.5187, 1.5159, 1.5130 -------------------- USDJPY : HIGH 99.54 LOW 99.176 BID 99.389 ASK 99.396 CHANGE 0.25% TIME 08 : 40:44 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Low Upwards scenario: USDJPY clearly determined positive bias on the medium-term perspective. Penetration above the resistive structure at 99.56 (R1) might encourage protective orders execution and drive market price towards to the next resistive means at 99.84 (R2) and 100.11 (R3). Downwards scenario: Price regress below the support level at 99.13 (S1) would increase likelihood of failing towards to the next supportive barrier at 98.85 (S2) and any further correction development would then be targeting final support at 98.58 (S3). Resistance Levels: 99.56, 99.84, 100.11 Support Levels: 99.13, 98.85, 98.58 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] http://www.fxcc.com [/url] )

alayoua 02-07-2013 10:26 Forex Technical & Market Analysis FXCC Jul 02 2013   Forex Technical & Market Analysis FXCC Jul 02 2013 AUD/USD hits lowest at 0.9158 as RBA retains dovish tone AUD/USD has been extending its decline post the RBA rate decision, as traders disccount further rate cuts by the central bank going forward. Amid expectations that the rate would be on hold, all the focus was on the wording used by the RBA. Unfortunately for the anxious bulls, there was no surprise on the dovish tone either, with the RBA repeating the old line "the inflation outlook, as currently assessed, may provide some scope for further easing, should that be required to support demand." What is worse, the RBA stated "The Australian dollar has depreciated by around 10 per cent since early April, although it remains at a high level", which was a hint that despite the dramatic fall, the currency is still not low enough, thus market is now pricing the fact that a lower AUD may not be an impediment to reduce rates further should that be necessary. The lowest level so far has been 0.9156, an area that converges with the sequence of lows seen on July 1 and June 24 on the hourly chart. The level is also the 61.8% fib retrac from the 0.9110 to 0.9250 relief rally. It appears as though some bids are emerging now from lows, with the rate up at 0.9170. On the upside, some offers may be clustered at 0.9175 - lows through last US session - ahead of 0.92 round number and 0.9250 - twin top today. [url]https://support.fxcc.com/email/technical/02072013/[/url] FOREX ECONOMIC CALENDAR : 2013-07-02 08:30 GMT | UK. PMI Construction (Jun) 2013-07-02 09:00 GMT | EMU. PMI Construction (Jun) 2013-07-02 14:00 GMT | USA. Factory Orders (May) 2013-07-02 21:45 GMT | USA. FOMC Member Powell Speech FOREX NEWS : 2013-07-02 04:35 GMT | AUD/USD touches 0.92 handle after RBA 2013-07-02 04:02 GMT | GBP/USD unchanged so far for the week around the 1.52 handle 2013-07-02 02:47 GMT | EUR/JPY testing 130 round bids 2013-07-02 02:46 GMT | NZD/USD, overall bearish risk not eliminated - JPMorgan EURUSD : HIGH 1.30708 LOW 1.30493 BID 1.30573 ASK 1.30576 CHANGE -0.03% TIME 08 : 28:32 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Further buying interest might arise above the resistance at 1.3073 (R1). Clearance here would suggest next intraday target at 1.3095 (R2) and if the price holds its momentum we can expect an exposure of 1.3118 (R3). Downwards scenario: Activation of bearish forces is possible below the support level at 1.3046 (S1). Clearance here would suggest next interim target at 1.3025 (S2) and if the price holds its momentum we would suggest final aim at 1.3004 (S3). Resistance Levels: 1.3073, 1.3095, 1.3118 Support Levels: 1.3046, 1.3025, 1.3004 ----------------------------- GBPUSD : HIGH 1.52197 LOW 1.51935 BID 1.52082 ASK 1.52091 CHANGE -0.04% TIME 08 : 28:33 OUTLOOK SUMMARY : Down TREND CONDITION : Sideway TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: After dipping lower today we see potential of market strengthening in near-term perspective. Next on tap is seen resistance level at 1.5224 (R1). Break here would suggest next intraday targets at 1.5248 (R2) and 1.5276 (R3). Downwards scenario: Prolonged movement below the supportive measure at 1.5183 (S1) is required to activate downtrend expansion. Next aim on the way would be mark at 1.5155 (S2) and then final target could be met at 1.5128 (S3). Resistance Levels: 1.5224, 1.5248, 1.5276 Support Levels: 1.5183, 1.5155, 1.5128 ------------------------------ USDJPY : HIGH 99.75 LOW 99.51 BID 99.712 ASK 99.717 CHANGE 0.04% TIME 08 : 28:33 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Bearish Upwards scenario: While both moving averages are pointing up, medium-term technical outlook would be positive. Appreciation above the resistance at 99.90 (R1) would likely create bullish momentum and enable next intraday targets at 100.18 (R2) and 100.45 (R3). Downwards scenario: On the other hand, depreciation below the technically important support level at 99.47 (S1) would allow further market decline on the short-term perspective. Possible targets lies at 99.18 (S2) and 98.90 (S3). Resistance Levels: 99.90, 100.18, 100.45 Support Levels: 99.47, 99.18, 98.90 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] http://www.fxcc.com [/url] )

alayoua 03-07-2013 10:44 Forex Technical & Market Analysis FXCC Jul 03 2013   Forex Technical & Market Analysis FXCC Jul 03 2013 U.S. Dollar Faces its First Test With 2 more days to go before the pivotal U.S. non-farm payrolls report, the dollar extended its gains against all of the major currencies. Milestones were reached in some pairs while others broke key levels. The sustainability of the dollar's rally has been nothing short of impressive but it should not surprise investors since the strongest moves in the FX market are the ones supported by fundamental drivers. In this case the Federal Reserve is getting ready to reduce the amount of stimulus that it provides to the economy and investors are just looking for economic data to confirm that the economy is ready for tapering. The dollar faces its first test today with a number of U.S. economic reports on the calendar that will help shape expectations for Friday's release. The day starts off with a layoff report from Challenger Grey & Christmas that will be followed by the ADP Employment Change, jobless claims and most importantly, the ISM non-manufacturing index. Earlier this week we learned that the manufacturing sector lost jobs for the first time since 2009 and now the question is whether the service sector suffered the same fate. We don't think that it did because otherwise the Fed would not have lowered its unemployment rate forecasts but there's always the risk the data could surprise to the downside. Layoffs are expected to decline and most likely ADP will report an increase in U.S. payrolls. [url]https://support.fxcc.com/email/technical/03072013/[/url] FOREX ECONOMIC CALENDAR : 2013-07-03 08:28 GMT | UK. Markit Services PMI (Jun) 2013-07-03 12:15 GMT | USA. ADP Employment Change (Jun) 2013-07-03 12:30 GMT | USA. Trade Balance (May) 2013-07-03 14:00 GMT | USA. ISM Non-Manufacturing PMI (Jun) FOREX NEWS : 2013-07-03 04:42 GMT | EUR/USD depressed below 1.30, U.S 2013-07-03 03:47 GMT | EUR/JPY unchanged in the Asia-Pacific after lots of noise 2013-07-03 03:29 GMT | GBP/JPY rises to 151.50 after bullish reversal intraday 2013-07-03 03:20 GMT | AUD/JPY dumped below 92 as RBA Stevens speak ------------------------- EURUSD : HIGH 1.29834 LOW 1.29618 BID 1.29628 ASK 1.29633 CHANGE -0.13% TIME 08 : 39:59 OUTLOOK SUMMARY : Down TREND CONDITION : Down trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Immediate resistance at 1.2989 (R1) remains in near-term focus, climb above this level might open way for a recovery action towards to next interim target at 1.3013 (R2) and any further rise would then be limited to final resistive measure at 1.3038 (R3) Downwards scenario: Medium-term descending structure might get more stimulus if the price manages to overcome next support level at 1.2954 (S1). Clearance here would suggest initial targets at 1.2923 (S2) and 1.2910 (S3). Resistance Levels: 1.2989, 1.3013, 1.3038 Support Levels: 1.2954, 1.2923, 1.2910 ------------------------ GBPUSD : HIGH 1.51631 LOW 1.51428 BID 1.51433 ASK 1.51442 CHANGE -0.07% TIME 08 : 40:00 OUTLOOK SUMMARY : Down TREND CONDITION : Down trend TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: Market sentiment is negative according to the technical indicators. Though any prolonged movement above the resistive measure at 1.5181 (R1) would suggest next intraday targets at 1.5209 (R2) and 1.5237 (R3). Downwards scenario: Depreciation below the support level at 1.5133 (S1) would suggest next intraday target at 1.5107 (S2) and any further weakening would then be limited to final support level at 1.5080 (S3). Resistance Levels: 1.5181, 1.5209, 1.5237 Support Levels: 1.5133, 1.5107, 1.5080 ------------------------------- USDJPY : HIGH 100.855 LOW 100.443 BID 100.672 ASK 100.675 CHANGE 0.06% TIME 08 : 40:00 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: On the upside resistive structure at 100.87 (R1) prevents further gains. Clearance here is required to open route towards to next target at 101.12 (R2) and then final target could be triggered at 101.38 (R3). Downwards scenario: Though, possibility of correction is high. Devaluation below the support at 100.42 (S1) would initiate bearish pressure. On the way our next interim support at 100.16 (S2) en route to final target at 99.91 (S3). Resistance Levels: 100.87, 101.12, 101.38 Support Levels: 100.42, 100.16, 99.91 Source: FX Central Clearing Ltd,( [url=http://www.fxcc.com] [url]http://www.fxcc.com[/url] [/url] )

alayoua 04-07-2013 11:17 Forex Technical & Market Analysis FXCC Jul 04 2013   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. [url]https://support.fxcc.com/email/technical/04072013/[/url] 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,( [url=http://www.fxcc.com] [url]http://www.fxcc.com[/url] [/url] )

alayoua 05-07-2013 11:05 Forex Technical & Market Analysis FXCC Jul 05 2013   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. [url]https://support.fxcc.com/email/technical/05072013/[/url] 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,( [url=http://www.fxcc.com] http://www.fxcc.com [/url] )

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