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Thread: Daily Market Roundup from FXCC

  1. #111

    Default Forex Technical & Market Analysis FXCC Oct 31 2013

    Forex Technical & Market Analysis FXCC Oct 31 2013

    China's top four banks post bad loan surge whilst the markets await data prints on Chinese growth on Thursday evening

    In the overnight/early morning session the BOJ of Japan conducts their own version of an FOMC meeting. The results may affect the value of yen and the Nikkei. They'll deliver a monetary policy statement, an outlook report and then conduct a press conference. On Thursday German retail sales are expected to rise by 0.5%, Italy's employment rate is expected to climb to 12.4%, EU unemployment is expected to come in at 12%. Canada's GDP for the month is expected in at 0.2%, whilst USA weekly unemployment claims are expected in at 341K, this print is still liable to potentially deliver a surprise given the temporary USA govt. shutdown might still be working its way through the system. Late in the evening two extremely important prints from China are published. The manufacturing PMI and the HSBC final manufacturing PMI. China’s top four banks have posted their biggest increase in bad loans since 2010 as a five-year credit surge has left companies with excess manufacturing capacity and slower profit growth amid an economic slowdown. Nonperforming loans at Industrial & Commercial Bank of China Ltd, China Construction Bank Corp, Agricultural Bank of China Ltd and Bank of China Ltd rose 3.5 percent in the three months to Sept. 30th from June to a combined 329.4 billion yuan ($54 billion). Profit rose to 209 billion yuan.
    Market Analysis | FXCC Blog

    FOREX ECONOMIC CALENDAR :
    2013-10-31 07:00 GMT | DE Retail Sales (YoY) (Sep)
    2013-10-31 10:00 GMT | EMU Consumer Price Index (YoY) (Oct)
    2013-10-31 12:30 GMT | US Initial Jobless Claims (Oct 25)
    2013-10-31 13:30 GMT | CA Gross Domestic Product (MoM) (Aug)

    FOREX NEWS :
    2013-10-31 06:32 GMT | EUR/USD downwards on Nowotny Comments, less dovish FOMC than expected
    2013-10-31 06:28 GMT | BOJ semi-annual report: QE to achieve inflation goal
    2013-10-31 05:57 GMT | FOMC to begin taper at some point in coming quarters - Nomura
    2013-10-31 05:39 GMT | GBP/JPY little changed after solid Japanese data, BoJ decision

    -------------------------
    EURUSD
    HIGH 1.37386 LOW 1.36893 BID 1.37035 ASK 1.37038 CHANGE -0.23% TIME 08 : 43:19



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

    MARKET ANALYSIS - Intraday Analysis

    Upwards scenario: Upwards penetration is limited to the important resistance level at 1.3718 (R1). Clearance here might open a route towards to our initial target at 1.3734 (R2) and then further price appreciation would be targeting resistance at 1.3752 (R3). Downwards scenario: On the other hand, negative development might occur below the immediate support level at 1.3698 (S1). Clearance here would enable our next intraday targets at 1.3674 (S2) and 1.3656 (S3).

    Resistance Levels: 1.3718, 1.3734, 1.3752
    Support Levels: 1.3698, 1.3674, 1.3656

    ---------------------
    GBPUSD :
    HIGH 1.60432 LOW 1.60059 BID 1.60130 ASK 1.60132 CHANGE -0.16% TIME 08 : 43:20



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

    Upwards scenario: We see potential to test our resistive barrier at 1.6043 (R1) later on today. Successful penetration above this mark might keep bullish sentiment in play and validate our intraday targets at 1.6077 (R2) and 1.6110 (R3). Downwards scenario: Next support level lies at 1.5994 (S1). Penetration below it might shift short-term tone to the negative side. Our intraday targets locates at 1.5961 (S2) and 1.5928 (S3).

    Resistance Levels: 1.6043, 1.6077, 1.6110
    Support Levels: 1.5994, 1.5961, 1.5928

    ---------------------
    USDJPY :
    HIGH 98.571 LOW 98.272 BID 98.352 ASK 98.356 CHANGE -0.16% TIME 08 : 43:21



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

    Upwards scenario: USDJPY is approaching our next resistive measure at 98.67 (R1) on the upside. Break here is required to enable bullish potential and expose our interim target at 98.82 (R2). Further price appreciation would then be limited to last resistance at 98.96 (R3). Downwards scenario: If the price failed to clear the resistive measure we expect to see recovery action. Clearance of our next support level at 98.15 (S1) is required to enable our targets at 97.99 (S2) and 97.84 (S3) in potential.

    Resistance Levels: 98.67, 98.82, 98.96
    Support Levels: 98.15, 97.99, 97.84

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

  2. #112

    Default Forex Technical & Market Analysis FXCC Nov 01 2013

    Forex Technical & Market Analysis FXCC Nov 01 2013

    USA final manufacturing print scheduled to come in at 51.2 whilst investors await FOMC member Bullard's comments

    The latest seasonally adjusted Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) improved by 1.5 points in October, rising to 53.2 points. This was the second consecutive month that the Australian PMI has moved above 50 points, indicating mild expansion across the manufacturing industry. Several PMIs are published on Friday, the first is the UK's manufacturing PMI expected to come in at 56.3. The USA final manufacturing PMI is scheduled to print at 51.2. In the USA FOMC member Bullard will speak in the afternoon, where we'll also receive the ISM prints for manufacturing. Equity index futures are mainly positive at the time of writing; the DJIA is up 0.21%, SPX up 0.15% and the NASDAQ equity index future is up 0.17%. The if FTSE is down 0.64%, CAC up 0.62% and DAX up 0.23%. The benchmark 10-year yield rose two basis points on Thursday, or 0.02 percentage points, to 2.55 percent at 5 p.m. New York time after touching 2.57 percent, the highest since Oct. 22nd. It earlier fell four basis points to 2.50 percent. The 2.5 percent note maturing in August 2023 dropped 1/8, or $1.25 per $1,000 face amount, to 99 17/32. Ten-year note yields have fallen six basis points this month after sliding 17 basis points in September. Europe’s 17-nation currency slid 1.1 percent to $1.3584 late in New York time Thursday and fell by as much as 1.2 percent, the biggest intraday drop seen since April 17th. The euro sank by 1.3 percent to 133.60 yen. Japan’s currency gained 0.2 percent to 98.36 per dollar after depreciating yesterday to 98.68, the weakest level since Oct. 17th.
    Market Analysis | FXCC Blog

    FOREX ECONOMIC CALENDAR :
    2013-11-01 08:30 GMT | SW SVME - Purchasing Managers' Index (Oct)
    2013-11-01 09:28 GMT | UK Markit Manufacturing PMI (Oct)
    2013-11-01 13:58 GMT | US Markit Manufacturing PMI (Oct)
    2013-11-01 14:00 GMT | US ISM Manufacturing PMI (Oct)

    FOREX NEWS :
    2013-11-01 06:23 GMT | AUD/USD upwards on beating Chinese Manufacturing PMI
    2013-11-01 05:37 GMT | EUR/JPY getting hammered as stops are creating snowball effect; 132.77 is short-term support
    2013-11-01 04:04 GMT | USD/JPY sellers blow 98.00 support
    2013-11-01 03:56 GMT | GBP/USD still hovering above short-term support at 1.6008; more downside expected


    EURUSD :
    HIGH 1.35894 LOW 1.35398 BID 1.35504 ASK 1.35509 CHANGE -0.24% TIME 08 : 47:05



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

    MARKET ANALYSIS - Intraday Analysis

    Upwards scenario: Current price setup is looking for upwards extension possibility. Risk of the price acceleration is seen above the key resistance level at 1.3597 (R1). Clearance here would put immediate focus on the next targets at 1.3629 (R2) and then 1.3662 (R3). Downwards scenario: On the downside, support level at 1.3539 (S1) prevent further downtrend development. Successful penetration below it would open a path towards to next intraday targets at 1.3507 (S2) and 1.3475 (S3).

    Resistance Levels: 1.3597, 1.3629, 1.3662
    Support Levels: 1.3539, 1.3507, 1.3475

    -----------------------
    GBPUSD :
    HIGH 1.60463 LOW 1.60169 BID 1.60285 ASK 1.60292 CHANGE -0.04% TIME 08 : 47:05



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

    Upwards scenario: GBPUSD trapped to the consolidation phase on the hourly chart frame. Break of resistive level at 1.6070 (R1) is required to enable upwards action. Next visible targets are seen at 1.6100 (R2) and 1.6131 (R3). Downwards scenario: Possible descending structure formation might get more stimulus if the price manages to overcome our next support level at 1.5998 (S1). Clearance here would suggest initial targets at 1.5966 (S2) and 1.5935 (S3).

    Resistance Levels: 1.6070, 1.6100, 1.6131
    Support Levels: 1.5998, 1.5966, 1.5935

    -----------------
    USDJPY :
    HIGH 98.382 LOW 97.809 BID 97.961 ASK 97.965 CHANGE -0.4% TIME 08 : 47:06



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

    Upwards scenario: From the technical side, short - term tendency is bearish, however price appreciation is possible above the resistance level at 98.09 (R1). Loss here would open way towards to next targets at 98.30 (R2) and 98.51 (R3). Downwards scenario: Possible downtrend development may encounter supportive measure at 97.87 (S1). Penetration through this level would targeting then supportive means at 97.58 (S2) and 97.37 (S3) in potential.

    Resistance Levels: 98.09, 98.30, 98.51
    Support Levels: 97.78, 97.58, 97.37

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

  3. #113

    Default

    Forex Technical & Market Analysis FXCC Nov 01 2013

    USA final manufacturing print scheduled to come in at 51.2 whilst investors await FOMC member Bullard's comments

    The latest seasonally adjusted Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) improved by 1.5 points in October, rising to 53.2 points. This was the second consecutive month that the Australian PMI has moved above 50 points, indicating mild expansion across the manufacturing industry. Several PMIs are published on Friday, the first is the UK's manufacturing PMI expected to come in at 56.3. The USA final manufacturing PMI is scheduled to print at 51.2. In the USA FOMC member Bullard will speak in the afternoon, where we'll also receive the ISM prints for manufacturing. Equity index futures are mainly positive at the time of writing; the DJIA is up 0.21%, SPX up 0.15% and the NASDAQ equity index future is up 0.17%. The if FTSE is down 0.64%, CAC up 0.62% and DAX up 0.23%. The benchmark 10-year yield rose two basis points on Thursday, or 0.02 percentage points, to 2.55 percent at 5 p.m. New York time after touching 2.57 percent, the highest since Oct. 22nd. It earlier fell four basis points to 2.50 percent. The 2.5 percent note maturing in August 2023 dropped 1/8, or $1.25 per $1,000 face amount, to 99 17/32. Ten-year note yields have fallen six basis points this month after sliding 17 basis points in September. Europe’s 17-nation currency slid 1.1 percent to $1.3584 late in New York time Thursday and fell by as much as 1.2 percent, the biggest intraday drop seen since April 17th. The euro sank by 1.3 percent to 133.60 yen. Japan’s currency gained 0.2 percent to 98.36 per dollar after depreciating yesterday to 98.68, the weakest level since Oct. 17th.
    Market Analysis | FXCC Blog

    FOREX ECONOMIC CALENDAR :
    2013-11-01 08:30 GMT | SW SVME - Purchasing Managers' Index (Oct)
    2013-11-01 09:28 GMT | UK Markit Manufacturing PMI (Oct)
    2013-11-01 13:58 GMT | US Markit Manufacturing PMI (Oct)
    2013-11-01 14:00 GMT | US ISM Manufacturing PMI (Oct)

    FOREX NEWS :
    2013-11-01 06:23 GMT | AUD/USD upwards on beating Chinese Manufacturing PMI
    2013-11-01 05:37 GMT | EUR/JPY getting hammered as stops are creating snowball effect; 132.77 is short-term support
    2013-11-01 04:04 GMT | USD/JPY sellers blow 98.00 support
    2013-11-01 03:56 GMT | GBP/USD still hovering above short-term support at 1.6008; more downside expected


    EURUSD :
    HIGH 1.35894 LOW 1.35398 BID 1.35504 ASK 1.35509 CHANGE -0.24% TIME 08 : 47:05



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

    MARKET ANALYSIS - Intraday Analysis

    Upwards scenario: Current price setup is looking for upwards extension possibility. Risk of the price acceleration is seen above the key resistance level at 1.3597 (R1). Clearance here would put immediate focus on the next targets at 1.3629 (R2) and then 1.3662 (R3). Downwards scenario: On the downside, support level at 1.3539 (S1) prevent further downtrend development. Successful penetration below it would open a path towards to next intraday targets at 1.3507 (S2) and 1.3475 (S3).

    Resistance Levels: 1.3597, 1.3629, 1.3662
    Support Levels: 1.3539, 1.3507, 1.3475

    -----------------------
    GBPUSD :
    HIGH 1.60463 LOW 1.60169 BID 1.60285 ASK 1.60292 CHANGE -0.04% TIME 08 : 47:05



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

    Upwards scenario: GBPUSD trapped to the consolidation phase on the hourly chart frame. Break of resistive level at 1.6070 (R1) is required to enable upwards action. Next visible targets are seen at 1.6100 (R2) and 1.6131 (R3). Downwards scenario: Possible descending structure formation might get more stimulus if the price manages to overcome our next support level at 1.5998 (S1). Clearance here would suggest initial targets at 1.5966 (S2) and 1.5935 (S3).

    Resistance Levels: 1.6070, 1.6100, 1.6131
    Support Levels: 1.5998, 1.5966, 1.5935

    -----------------
    USDJPY :
    HIGH 98.382 LOW 97.809 BID 97.961 ASK 97.965 CHANGE -0.4% TIME 08 : 47:06



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

    Upwards scenario: From the technical side, short - term tendency is bearish, however price appreciation is possible above the resistance level at 98.09 (R1). Loss here would open way towards to next targets at 98.30 (R2) and 98.51 (R3). Downwards scenario: Possible downtrend development may encounter supportive measure at 97.87 (S1). Penetration through this level would targeting then supportive means at 97.58 (S2) and 97.37 (S3) in potential.

    Resistance Levels: 98.09, 98.30, 98.51
    Support Levels: 97.78, 97.58, 97.37

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

  4. #114

    Default Forex Technical & Market Analysis FXCC Nov 05 2013

    Forex Technical & Market Analysis FXCC Nov 05 2013

    China's Li sets min GDP at 7,2%, warns against stimulus

    The Chinese economy should keep its growth rate levels at 7.2% or above to keep generating enough jobs, said Premier Li Keqiang, also underscoring that relying too much on short term liquidity injections/stimulus should not be the primary focus as it risks similar fiscal problems faced by the Euro zone. Based on early projections, Li said Q3 economic indicators are in line to meet yearly targets, while warning looser policies should be avoided, saying that money supply - M2 - stands at a dangerous CNY100 trillion, twice China's GDP. According to Li, cited by MNI, in comments made in an October 21 speech made public Monday: "We have too much money in the pool. If we print more money, it may cause inflation. We all know bad inflation will not only disturb markets but also have big side effects and pressure people's lives and even cause panic."
    Market Analysis | FXCC Blog

    FOREX ECONOMIC CALENDAR :
    2013-11-05 10:00 GMT | European Commission Releases Economic Growth Forecasts
    2013-11-05 15:00 GMT | US ISM Non-Manufacturing PMI (Oct)
    2013-11-05 21:45 GMT | NZ Unemployment Rate (Q3)
    2013-11-05 23:50 GMT | BoJ Monetary Policy Meeting Minutes

    FOREX NEWS :
    2013-11-05 06:27 GMT | EUR/JPY tumbles alongside with Nikkei decline
    2013-11-05 06:02 GMT | NZD/USD tumbled on RBA comments; now slightly higher
    2013-11-05 04:19 GMT | EUR/USD at risk of 1.34 - Westpac
    2013-11-05 03:35 GMT | RBA keeps neutral statement, AUD uncomfortably high

    ----------------------
    EURUSD :
    HIGH 1.35225 LOW 1.3491 BID 1.34972 ASK 1.34977 CHANGE -0.13% TIME 08 : 45:23



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

    MARKET ANALYSIS - Intraday Analysis

    Upwards scenario: Price strengthening is possible above the next resistance level at 1.3526 (R1). Our interim target holds at 1.3553 (R2) en route to our final aim for today at 1.3581(R3). Downwards scenario: Opportunity for bearish oriented traders is seen below the important support level at 1.3478 (S1). Loss here would open door for the downtrend expansion towards to interim targets at 1.3453 (S2) and 1.3427 (S3).

    Resistance Levels: 1.3526, 1.3553, 1.3581
    Support Levels: 1.3478, 1.3453, 1.3427

    -----------------------
    GBPUSD :
    HIGH 1.59821 LOW 1.59553 BID 1.59649 ASK 1.59657 CHANGE -0.02% TIME 08 : 45:24



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

    Upwards scenario: GBPUSD is approaching our next resistance level at 1.5983 (R1), keeping the short-term ascending structure intact. The break here is required for the price appreciation towards to next target at 1.6007 (R2) and any further rise would then be targeting to 1.6034 (R3). Downwards scenario: Risk of price depreciation is seen below the support level at 1.5940 (S1). A fall below it might initiate retracement formation towards to next support at 1.5916 (S2) and any further market decline would then be targeting final support at 1.5892 (S3).

    Resistance Levels: 1.5983, 1.6007, 1.6034
    Support Levels: 1.5940, 1.5916, 1.5892

    -----------------------
    USDJPY :
    HIGH 98.674 LOW 98.24 BID 98.446 ASK 98.448 CHANGE -0.16% TIME 08 : 45:27



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

    Upwards scenario: Immediate resistance at 98.71 (R1) remains in near-term focus, climb above this level might open way towards to next interim target at 98.92 (R2) and any further rise would then be limited to final resistive measure at 99.15 (R3) Downwards scenario: Any penetration below the support level at 98.23 (S1) might create more scope for the instrument weakness in near-term perspective. We are looking to our immediate supports at 98.01 (S2) and 97.80 (S3) as next possible targets.

    Resistance Levels: 98.71, 98.92, 99.15
    Support Levels: 98.23, 98.01, 97.80

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

  5. #115

    Default Forex Technical & Market Analysis FXCC Nov 06 2013

    Forex Technical & Market Analysis FXCC Nov 06 2013

    Will the European service PMI point to increased growth, or increased stagnation?

    We receive a raft of PMIs in the morning trading session on Wednesday; the most eagerly anticipated being the European final services PMI expected to print at 50.9, no change from the previous month. The UK manufacturing and production figures are published, expected in at 1.2% and 0.7% respectively. European retail sales are predicted to fall by 0.3%, whilst Germany's factory orders are expected to rise by 0.6%. Canada's building permits are expected to rise to 7.8% from the disastrous figure of -21.2% the previous month. Later in the evening the unemployment numbers for Australia are published with the expectation that the number will come in at 5.7%. Looking towards the market open/s for Wednesday the DJIA equity index future is currently flat, as is the SPX and NASDAQ. The European equity indices are down; STOXX off 0.82%, FTSE down 0.39%, CAC down 0.88% and DAX down 0.31%. Oil fell badly on Tuesday, ICE WTI oil down 1.32% on the day at $93.37 per barrel. Now that the critical psyche level of $100 per barrel has been breached the commodity appears to be in free-fall. NYMEX natural closed up 0.38% at $3.48 per therm. COMEX gold closed up on the day by 0.28% at $1311.70 per ounce with silver down 0.03% at $21.70 per ounce.
    Market Analysis | FXCC Blog

    FOREX ECONOMIC CALENDAR :
    2013-11-06 09:00 GMT | UK Industrial Production (YoY) (Sep)
    2013-11-06 10:00 GMT | EMU Retail Sales (YoY) (Sep)
    2013-11-06 12:00 GMT | US MBA Mortgage Applications (Nov 1)
    2013-11-06 15:00 GMT | UK NIESR GDP Estimate (3M) (Oct)

    FOREX NEWS :
    2013-11-06 06:52 GMT | EUR/USD recovers 1.3500
    2013-11-06 06:26 GMT | GBP/JPY skyrockets as Nikkei soars on Toyota gains
    2013-11-06 04:33 GMT | USD/JPY soars as Nikkei up 1% above 14.400; also boosted by EUR/JPY rally
    2013-11-06 03:18 GMT | GBP/USD tripping stops, targets 1.61

    -------------------
    EURUSD :
    HIGH 1.35213 LOW 1.34676 BID 1.35060 ASK 1.35064 CHANGE 0.23% TIME 08 : 50:42



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

    MARKET ANALYSIS - Intraday Analysis

    Upwards scenario: Market sentiment has improved for the bullish oriented traders. Fractals level at 1.3524 (R1) offers a key resistance level. Break here would suggest higher targets at 1.3553 (R2) and 1.3581(R3). Downwards scenario: Any downside extension is limited now to the next support level at 1.3478 (S1). Below here we see potential for the price acceleration towards to next targets at 1.3453 (S2) and 1.3427 (S3) in potential.

    Resistance Levels: 1.3524, 1.3553, 1.3581
    Support Levels: 1.3478, 1.3453, 1.3427

    --------------------
    GBPUSD :
    HIGH 1.60957 LOW 1.60417 BID 1.60849 ASK 1.60855 CHANGE 0.26% TIME 08 : 50:43



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

    Upwards scenario: Further price appreciation is a likely scenario for today according to the technical readings. If the pair manages to clear the barrier at 1.6104 (R1), we would suggest next targets at 1.6127 (R2) and 1.6149 (R3). Downwards scenario: An evidence of possible descending structure could be provided if the GBPUSD manages to surpass next support level at 1.6062 (S1). In such case we would suggest next intraday targets at 1.6040 (S2) and 1.6016 (S3).

    Resistance Levels: 1.6104, 1.6127, 1.6149
    Support Levels: 1.6062, 1.6040, 1.6016

    ------------------
    USDJPY :
    HIGH 98.755 LOW 98.409 BID 98.620 ASK 98.624 CHANGE 0.12% TIME 08 : 50:43



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

    Upwards scenario: USDJPY resumed upwards penetration today and we see potential to expose our intraday targets at 98.95 (R2) and 99.15 (R3) if the price manages to overcome key resistance measure at 98.76 (R1). Downwards scenario: On the other hand, possible correction development would face next hurdle at 98.41 (S1). Break here is required to open road towards to our next interim target at 98.22 (S2), en route to final aim at 98.03 (S3).

    Resistance Levels: 98.76, 98.95, 99.15
    Support Levels: 98.41, 98.22, 98.03

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

  6. #116

    Default Forex Technical & Market Analysis FXCC Nov 08 2013

    Forex Technical & Market Analysis FXCC Nov 08 2013

    The markets expect a very poor NFP print of circa 121K.

    European news events in the morning session mainly concern the UK's balance of payments, expected in at -9.1billion and Germany's trade balance is expected in at +17.2 billion. North American employment figures for Canada and the USA are published in the afternoon trading session. Canada's unemployment rate is expected to rise to 7.0%, whilst the NFP jobs report for the USA is predicted to show that only 121K jobs were created in October. The unemployment rate in the USA may climb to 7.3%. The preliminary University of Michigan sentiment report is published expected to show a figure of 74.6. China delivers a raft of information late on Friday evening, the high impact news items will centre on the inflation levels, CPI expected in at 3.3%, new loans at circa 800 bn, and industrial production expected in at 10.1% up year on year. NYMEX WTI oil closed down on the day by 0.63% at $94.20 per barrel, NYMEX natural gas closed up on the day 0.60%, COMEX gold closed down 0.71% at $1308.50 per ounce, COMEX silver down 0.50% at $21.66 per ounce. Equity index futures are pointing to the main European and USA markets opening in negative territory. The DJIA is down 0.64%, the SPX down 1.16%, the NASDAQ down 1.67%. STOXX future is down 0.33%, DAX future up 0.51%, CAC future down 0.14%, and the UK FTSE future is down 0.73%.
    Market Analysis | FXCC Blog

    FOREX ECONOMIC CALENDAR :
    2013-11-08 07:00 GMT | DE Trade Balance s.a. (Sep)
    2013-11-08 09:30 GMT | UK Total Trade Balance (Sep)
    2013-11-08 13:30 GMT | US Nonfarm Payrolls (Oct)
    2013-11-08 13:30 GMT | CA Unemployment Rate (Oct)

    FOREX NEWS :
    2013-11-08 06:13 GMT | S&P downgrades France to AA from AA+, outlook stable
    2013-11-08 05:49 GMT | AUD/USD peels back to opening levels
    2013-11-08 05:00 GMT | USD/CHF well above the 0.9150 area
    2013-11-08 04:56 GMT | US Non-Farm Payrolls will likely continue the volatility party that started Thursday

    ----------------------
    EURUSD :
    HIGH 1.34241 LOW 1.33885 BID 1.33984 ASK 1.33987 CHANGE -0.15% TIME 08 : 40:29



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

    MARKET ANALYSIS - Intraday Analysis

    Upwards scenario: Appreciation above the resistance at 1.3453 (R1) might commence new step of the ascending structure. Our intraday targets today are placed at 1.3502 (R2) and 1.3551 (R3). Downwards scenario: Risk of possible price depreciation is seen below the support at 1.3296 (S1). Loss here might enable bearish pressure and drive market price towards to next targets at 1.3248 (S2) and 1.3199 (S3) later on today.

    Resistance Levels: 1.3453, 1.3502, 1.3551
    Support Levels: 1.3296, 1.3248, 1.3199

    -----------------
    GBPUSD :
    HIGH 1.6102 LOW 1.60784 BID 1.60945 ASK 1.60947 CHANGE 0.01% TIME 08 : 40:29



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

    Upwards scenario: We see potential of market strengthening in near-term perspective. Next on tap is seen resistance level at 1.6117 (R1). Break here would suggest next intraday targets at 1.6138 (R2) and 1.6158 (R3). Downwards scenario: Break of support at 1.6065 (S1) is required to determine negative intraday bias and enable lower target at 1.6043 (S2). Clearance of this target would open a path towards to final support at 1.6023 (S3).

    Resistance Levels: 1.6117, 1.6138, 1.6158
    Support Levels: 1.6065, 1.6043, 1.6023

    -----------------
    USDJPY :
    HIGH 98.255 LOW 98.039 BID 98.107 ASK 98.109 CHANGE 0.03% TIME 08 : 40:30



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

    Upwards scenario: On the upside resistive structure at 98.27 (R1) prevents possible gains. Clearance here is required to open route towards to next target at 98.41 (R2) and then final target could be triggered at 98.55 (R3). Downwards scenario: Current price pattern suggests bearish potential if the pair manages to overcome next support level at 97.89 (S1). Possible price regress could expose our initial targets at 97.75 (S2) and 97.62 (S3) later on today.

    Resistance Levels: 98.27, 98.41, 98.55
    Support Levels: 97.89, 97.75, 97.62

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

  7. #117

    Default Forex Technical & Market Analysis FXCC Nov 11 2013

    Forex Technical & Market Analysis FXCC Nov 11 2013

    China's Plenum meeting could have a profound impact for global markets

    Monday sees several bank holidays that will affect the volume of trading activity during the various trading sessions. France, Canada and the USA have bank holidays. The German Bundesbank president Weidmann will hold court with a conference on Monday. Whilst the German central bank is subservient and defers to the ECB, on matters such as quantitative easing and rate setting, investors and analysts will look for 'code' in Weidmann's speech concerning the direction the singular German economy will be headed for and directed towards over coming months. Towards the end of the trading day we'll receive the consumer confidence publication from Australia's National Bank. The previous month's reading came in at 12, a print close to this figure is expected. Sterling posted its first weekly advance in three versus the dollar as reports showed British services growth unexpectedly accelerated in October to the fastest pace in 16 years. U.K. government bonds declined for a second week as the Bank of England kept its key interest rate at a record low, whilst maintaining its bond-buying stimulus target. The pound climbed versus the euro for a second week, rising the most since April, after the European Central Bank unexpectedly lowered its benchmark interest rate, boosting demand for the U.K. currency. Benchmark 10-year yields reached the highest level in seven weeks last week after payrolls grew by 204,000 in October versus the 120,000 median forecast. U.S. debt rallied after the European Central Bank cut its benchmark interest rate to a record to address prolonged price weakness. The USA Treasury will auction $70 billion of notes and bonds this week. Treasuries fell the most in two months as reports showed the economy expanded in the third quarter beyond projections, boosting speculation the Federal Reserve is moving closer to 'tapering' its $85 billion of monthly bond-buying.
    Market Analysis | FXCC Blog


    FOREX ECONOMIC CALENDAR :
    2013-11-11 09:00 GMT | IT Industrial Output s.a. (MoM) (Sep)
    2013-11-11 17:00 GMT | DE German Buba President Weidmann speech
    2013-11-11 23:30 GMT | AU Westpac Consumer Confidence Index (Nov)
    2013-11-11 23:50 GMT | JP Tertiary Industry Index (MoM) (Sep)

    FOREX NEWS :
    2013-11-11 04:55 GMT | EUR/JPY loses momentum in late Asian trading session
    2013-11-11 04:55 GMT | GBP/USD, another 1.5900 retest on deck - 2ndSkies
    2013-11-11 04:36 GMT | EUR/USD should see sell on strength circa 1.3375 - JPMorgan
    2013-11-11 04:19 GMT | AUD/USD sideways after solid Australian home data

    ----------------------
    EURUSD :
    HIGH 1.33671 LOW 1.33448 BID 1.33657 ASK 1.33659 CHANGE -0.01% TIME 08 : 29:13



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

    MARKET ANALYSIS - Intraday Analysis

    Upwards scenario: While price is quoted below the moving averages our medium-term technical outlook would be negative. Though, appreciation above the resistance at 1.3438 (R1) might enable upwards penetration towards to next targets at 1.3492 (R2) and 1.3543 (R3). Downwards scenario: On the downside bearish pressure might push the price below the support at 1.3317 (S1). Further downside extension would open road towards to next target at 1.3262 (S2) and any further losses would then be limited to 1.3209 (S3) mark.

    Resistance Levels: 1.3438, 1.3492, 1.3543
    Support Levels: 1.3317, 1.3262, 1.3209

    --------------------------
    GBPUSD :
    HIGH 1.60216 LOW 1.59978 BID 1.60182 ASK 1.60187 CHANGE 0.01% TIME 08 : 29:13



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

    Upwards scenario: GBPUSD commenced consolidation pattern, however, price strengthening above the next resistive structure at 1.6058 (R1) might activate short-term bullish pressure and expose our intraday targets at 1.6085 (R2) and 1.6112 (R3). Downwards scenario: As long as price stays below the 20 SMA our technical outlook would be negative. Extension lower the next support level at 1.5993 (S1) is being able to drive market price towards to our next targets at 1.5968 (S2) and 1.5942 (S3).

    Resistance Levels: 1.6058, 1.6085, 1.6112
    Support Levels: 1.5993, 1.5968, 1.5942

    ------------------
    USDJPY :
    HIGH 99.225 LOW 98.94 BID 98.953 ASK 98.955 CHANGE -0.09% TIME 08 : 29:14



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

    Upwards scenario: After the strong appreciation on Friday we expect to see some consolidation ahead. Though clearance of next resistance level at 99.23 (R1) might enable bullish pressure and open route towards to our next targets at 99.41 (R2) and 99.60 (R3). Downwards scenario: On the other hand, recovery phase might commence below the important support level at 98.85 (S1). Break here is required to validate our targets at 98.65 (S2) and 98.47 (S3) later on today.

    Resistance Levels: 99.23, 99.41, 99.60
    Support Levels: 98.85, 98.65, 98.47

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

  8. #118

    Default Forex Technical & Market Analysis FXCC Nov 12 2013

    Forex Technical & Market Analysis FXCC Nov 12 2013

    USA small business optimism loses ground in October.

    In the overnight early morning trading session we'll receive the publication of the Australian NAB business confidence report. Japan will release its consumer confidence index, predicted to come in at 46.3. UK inflation figures are published in the London session, expected to come in at 2.5% for CPI and 3% for RPI. The USA small business index is published in the afternoon session expected in at 93.5, as is the RBNZ financial stability report for New Zealand. It provides insights into the bank's view of inflation, growth, and other economic conditions that will affect interest rates in the future. The RBNZ governor Wheeler will then hold court shortly after the financial stability report to discuss the current state of the nation's finances. The NFIB Index of Small Business Optimism in the USA has lost 2.3 points to 91.6. Two components, the outlook for business conditions and the outlook for real sales gains, accounted for 52 percent of the Index decline. A weaker outlook for business produced dissatisfaction with inventory stocks, and fewer plans to create new jobs. The average value of the Index since the recovery started is 91. Looking towards tomorrow's open the DJIA equity index future is up 0.18%, SPX up 0.09% and the NASDAQ future is currently at the time of writing down 0.15%. The DAX future is up 0.48%, STOXX up 0.69% and CAC up 0.81% with UK FTSE up 0.43%. The DJIA closed up 0.14%, the SPX up 0.07% and the NASDAQ up 0.01%. Looking at Europe's bourses the STOXX index closed up 0.59%, CAC up 0.70%, DAX up 0.33%, and the UK FTSE up 0.30%.
    Market Analysis | FXCC Blog

    FOREX ECONOMIC CALENDAR :
    2013-11-12 09:30 GMT | UK Core Consumer Price Index (YoY) (Oct)
    2013-11-12 13:30 GMT | US Chicago Fed National Activity Index (Sep)
    2013-11-12 20:00 GMT | RBNZ Financial Stability Report
    2013-11-12 23:50 GMT | JP Machinery Orders (YoY) (Sep)

    FOREX NEWS :
    2013-11-12 07:16 GMT | EUR/USD dips to lows on German data
    2013-11-12 06:56 GMT | GBP/USD deflates to session lows
    2013-11-12 05:28 GMT | EUR/GBP on the soggy side
    2013-11-12 05:07 GMT | GBP/AUD soars on solid UK home data, struggling Aussie

    ----------------------
    EURUSD
    HIGH 1.34137 LOW 1.33798 BID 1.33938 ASK 1.33941 CHANGE -0.09% TIME 09 : 51:38



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

    MARKET ANALYSIS - Intraday Analysis

    Upwards scenario: Possibility of further price progress is seen above the next resistance level at 1.3438 (R1). Breakthrough here would suggest interim target at 1.3485 (R2) and then mark at 1.3532 (R3) acts as next attractive point. Downwards scenario: Risk of market weakening is seen below the support level at 1.3368 (S1). Loss here is required to enable our supportive barrier at 1.3317 (S2) en route towards to final target for today at 1.3270 (S3).

    Resistance Levels: 1.3438, 1.3485, 1.3532
    Support Levels: 1.3368, 1.3317, 1.3270

    --------------------------
    GBPUSD :
    HIGH 1.59922 LOW 1.59513 BID 1.59573 ASK 1.59577 CHANGE -0.2% TIME 09 : 51:38



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

    Upwards scenario: Measures of resistance might be activating if the pair approaches 1.5978 (R1) price level. Break here would suggest next interim target at 1.6005 (R2) and If the price keeps its momentum we expect an exposure of 1.6031 (R3). Downwards scenario: On the other hand, progress below the initial support level at 1.5932 (S1) might initiate bearish pressure and expose our intraday targets at 1.5907 (S2) and 1.5880 (S3) later on today.

    Resistance Levels: 1.5978, 1.6005, 1.6031
    Support Levels: 1.5932, 1.5907, 1.5880

    ----------------------
    USDJPY :
    HIGH 99.731 LOW 99.104 BID 99.688 ASK 99.692 CHANGE 0.53% TIME 09 : 51:39



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

    Upwards scenario: Further price appreciation needs to clear the barrier at 99.86 (R1) to enable our interim target at 100.06 (R2) and then any further gains would be limited to last resistance at 100.25 (R3). Downwards scenario: On the downside, USDJPY might encounter supportive measures at 99.30 (S1). Break here would open the way for a test of our next targets at 99.10 (S2) and 98.89 (S3) later on today.

    Resistance Levels: 99.86, 100.06, 100.25
    Support Levels: 99.30, 99.10, 98.89

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

  9. #119

    Default Forex Technical & Market Analysis FXCC Nov 13 2013

    Forex Technical & Market Analysis FXCC Nov 13 2013

    Japan's preliminary GDP figures are expected in up 0.4% as Ben Bernanke gives a speech

    European markets take centre stage on Wednesday, the UK's claimant count data is published, with the rate of unemployment scheduled to fall to 7.6% of the workforce. Industrial production for Europe is scheduled to fall by 0.2%. Later the BoE governor Carney delivers the bank's quarterly inflation report. Later on the German Bundesbank president Weidmann speaks and despite the German central bank not being in control of its money supply, or interest rate setting, the bank is still amongst the most respected banking institutions globally. The USA federal budget balance is scheduled to deliver what many may consider a rogue outlier number, predictions suggest a figure of -$103 billion will be published when last months' figure was a positive $73 billion. Later on in the late evening trading session we receive New Zealand's retail sales figures expected in at 0.9%. Thereafter Japan's preliminary GDP figure is expected to print at 0.4%. The Fed chairman Ben Bernanke gives a speech, whilst China reveals its percentage rise in foreign firms' investments and finally Japan delivers it's revised industrial prod ruins figures expected in at 1.5% up month on month. Looking towards the opening sessions on Wednesday the DJIA future is down 0.07%, SPX down 0.14% and the NASDAQ up 0.31%. European indices look weak; STOXX down 0.59%, DAX down 0.37%, CAC down 0.60% and UK FTSE down 0.14%. NYMEX WTI oil closed the day down 2.18% at $93.07 per barrel. NYMEX nat gas was up 2.01% on the day at $3.65 per therm. COMEX gold closed the day down 1.09% at $1267.20 per ounce with silver down 2.69% at $20.71 per ounce.
    Market Analysis | FXCC Blog

    FOREX ECONOMIC CALENDAR :
    2013-11-13 09:30 GMT | UK.ILO Unemployment Rate (3M) (Sep)
    2013-11-13 10:00 GMT | EU.Industrial Production w.d.a. (YoY) (Sep)
    2013-11-13 10:30 GMT | UK.Bank of England Quarterly Inflation Report
    2013-11-13 12:00 GMT | US.MBA Mortgage Applications (Nov 8)

    FOREX NEWS :
    2013-11-13 05:50 GMT | EUR/USD edges higher; momentum bias still negative
    2013-11-13 05:03 GMT | AUD/CHF slightly higher; both components under pressure
    2013-11-13 04:40 GMT | GBP/JPY back down at 158 after failing to conquer 159 for days
    2013-11-13 04:19 GMT | EUR/JPY in consolidation mode


    -------------------
    EURUSD :
    HIGH 1.34525 LOW 1.34296 BID 1.34427 ASK 1.34429 CHANGE 0.05% TIME 07 : 58:31



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

    MARKET ANALYSIS - Intraday Analysis

    Upwards scenario: Next barrier on the upside lie at 1.3456 (R1). Surpassing of this level might enable our initial target at 1.3484 (R2) and any further gains would then be limited to last resistive structure at 1.3510 (R3). Downwards scenario: On a slightly longer term we expect pullback formation. Risk of market depreciation is seen below the next support level at 1.3426 (S1). Clearance here would suggest lower targets at 1.3402 (S2) and 1.3374 (S3) in potential.

    Resistance Levels: 1.3456, 1.3484, 1.3510
    Support Levels: 1.3426, 1.3402, 1.3374

    -------------------------
    GBPUSD :
    HIGH 1.59073 LOW 1.58855 BID 1.58930 ASK 1.58933 CHANGE -0.08% TIME 07:58:32



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

    Upwards scenario: Possibility of market strengthening is seen above the resistance level at 1.5919 (R1). Clearance here is required to validate next interim target at 1.5938 (R2) and any further rise would then be targeting mark at 1.5962 (R3). Downwards scenario: Risk of market decline is seen below the next support level at 1.5888 (S1). Loss here might downgrade currency rate towards to the next supportive means at 1.5866 (S2) and 1.5848 (S3) in potential.

    Resistance Levels: 1.5919, 1.5938, 1.5962
    Support Levels: 1.5888, 1.5866, 1.5848

    --------------------------
    USDJPY :
    HIGH 99.673 LOW 99.428 BID 99.519 ASK 99.521 CHANGE -0.11% TIME 07 : 58:32



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

    Upwards scenario: Next hurdle on the upside is seen at important technical level – 99.80 (R1). If the price manages to overcome it we expect further acceleration towards to our initial targets at 99.97 (R2) and 100.09 (R3). Downwards scenario: Any downside extension is limited now to the next support level at 99.47 (S1). Break here is required to open a route towards to next target at 99.32 (S2) and then any further easing would be targeting final support at 99.16 (S3).

    Resistance Levels: 99.80, 99.97, 100.09
    Support Levels: 99.47, 99.32, 99.16

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

  10. #120

    Default Forex Technical & Market Analysis FXCC Nov 14 2013

    Forex Technical & Market Analysis FXCC Nov 14 2013

    Fed chairperson delegate Janet Yellen states USA far from being able to taper asset purchase programme.

    French and German preliminary GDP figures are published on Thursday, Germany's is expected in at 0.3% with France's at 0.1%. Italy's is expected in at -0.3%. Europe's flash GDP number is expected in at 0.2%. The ECB will publish its monthly bulletin on Thursday, whilst the UK's retail sales are expected to be flat, but could register a fall if consumers keep their hands in their pockets with Xmas being so close. Canada's trade balance is expected in at $1.2 bn for the month, whilst the USA trade balance for the month is expected in at -$34 billion, a near mirror opposite of Germany's positive €34 billion figure. Unemployment claims in the USA for the week are predicted in at 331K. The weekly oil and gas storage inventory data is published with oil expected in at a low print of 0.7. The DJIA closed up 0.45% on Wednesday, the SPX up 0.81% and the NASDAQ up 1.16%. European markets were mainly in the red; STOXX down 0.45%, CAC down 0.56%, DAX down 0.24% and UK FTSE down a substantial 1.44% after a negative reaction to the UK's BoE inflation report. Looking towards the market opening on Thursday November 14th the DJIA future is up 0.44%, SPX up 0.82% and the NASDAQ up 1.1%. The STOXX index is down 0.53%, DAX doe 0.36% and CAC down 0.55%. NYMEX WTI oil is up 0.60% at $93.60 per barrel, NYMEX nat gas is down 1.58% $3.56 per therm, COMEX gold is up 0.87% at $1282 per ounce, COMEX silver down 0.78% at $20.62 per ounce.
    Market Analysis | FXCC Blog


    FOREX ECONOMIC CALENDAR :
    2013-11-14 09:00 GMT | EMU ECB Monthly Report
    2013-11-14 09:30 GMT | UK Retail Sales (YoY) (Oct)
    2013-11-14 10:00 GMT | EMU Gross Domestic Product s.a. (YoY) (Q3)
    2013-11-14 15:00 GMT | FOMC Member Yellen Speech

    FOREX NEWS :
    2013-11-14 06:38 GMT | GBP/USD had “abc” correction in first few hours of Asian session; now working higher
    2013-11-14 05:48 GMT | BoE's Fisher: we won't raise rates any time soon
    2013-11-14 05:06 GMT | Nikkei surges above 2% in sympathy with Wall Street
    2013-11-14 05:00 GMT | USD/CHF continues expected pullback – with extra “oomph” from Fed’s dovish comments

    -------------------
    EURUSD
    HIGH 1.34976 LOW 1.34631 BID 1.34675 ASK 1.34678 CHANGE -0.13% TIME 08 : 44:13



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

    MARKET ANALYSIS - Intraday Analysis

    Upwards scenario: Instrument gained momentum on the upside recently, turning short-term bias to the positive side. Next resistive structure on the way lies at 1.3495 (R1), break here would suggest next intraday targets at 1.3519 (R2) and 1.3542 (R3). Downwards scenario: Possible downside extension is limited now to the support level at 1.3456 (S1). Break here is required to open a route towards to next target at 1.3433 (S2) and then any further easing would be targeting final support at 1.3410 (S3).

    Resistance Levels: 1.3495, 1.3519, 1.3542
    Support Levels: 1.3456, 1.3433, 1.3410

    ----------------------
    GBPUSD :
    HIGH 1.60651 LOW 1.60272 BID 1.60390 ASK 1.60396 CHANGE -0.1% TIME 08 : 44:15



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

    Upwards scenario: GBPUSD is approaching our next resistive measure at 1.6079 (R1). Break here is required to initiate upside pressure towards to next target at 1.6109 (R2) and then resistance at 1.6139 (R3) acts as last attractive point for today. Downwards scenario: Possible price depreciation is limited to support level at 1.6010 (S1). Break here is required to enable possible retracement action towards to our next targets at 1.5980 (S2) and 1.5949 (S3) in potential.

    Resistance Levels: 1.6079, 1.6109, 1.6139
    Support Levels: 1.6010, 1.5980, 1.5949

    ---------------------
    USDJPY :
    HIGH 99.727 LOW 99.135 BID 99.612 ASK 99.616 CHANGE 0.39% TIME 08 : 44:16



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

    Upwards scenario: We see potential of further instrument appreciation in near term perspective. Clearance of our next resistive structure at 99.79 (R1) would open way towards to next target at 100.00 (R2) and any further rise would then be targeting 100.21 (R3). Downwards scenario: Possible retracement formation is limited now to support level at 99.42 (S1). If the price manages to surpass it, we would suggest next intraday targets at 99.22 (S2) and 99.01 (S3).

    Resistance Levels: 99.79, 100.00, 100.21
    Support Levels: 99.42, 99.22, 99.01

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

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