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Thread: Daily Market Roundup from FXCC

  1. #121

    Default Forex Technical & Market Analysis FXCC Nov 15 2013

    Forex Technical & Market Analysis FXCC Nov 15 2013

    European inflation is expected to fall to 0.7% whilst the USA empire manufacturing survey is expected to rise.

    The European CPI figure is published on Friday expected in at 0.7% year on year. Canada's manufacturing sales is expected in up 0.5%. The USA empire manufacturing survey is expected to print at 5.2 up from the previous month's 1.5. Import prices month on month are expected in down 0.4% whilst industrial production is expected in at 0.1% up for the month. The DJIA closed up 0.35% on Thursday, SPX up 0.48%, NASDAQ up 0.18%. European indices recovered strongly from the previous day's fall; STOXX up 1.08%, CAC up 1.04%, DAX up 1.05%, FTSE up 0.54%. Looking towards equity index futures the DJIA is up 0.38%, SPX up 0.52% and NASDAQ up 0.26%, CAC up 1.02%, DAX up 1.12%, FTSE up 0.57%. NYMEX WTI oil closed up 0.06% at $93.94 per barrel, NYMEX nat gas up 1.46% at $3.62 per therm. COMEX gold closed up on the day 1.43% at $1286.50 per ounce The U.S. Dollar Index, which monitors the greenback versus 10 major counterparts, was little changed at 1,018.81 at 3:19 p.m. in New York after dropping to 1,015.83, the lowest since Nov. 7th. The yen fell 0.8 percent to 100.06 per dollar after touching 100.15, the weakest level since Sept. 11th. Japan’s currency declined 0.6 percent to 134.68 per euro. The euro slid 0.2 percent to $1.3461 after declining as much as 0.5 percent. The dollar rose from the lowest level in a week as investors believe that the Federal Reserve is still moving toward reducing its bond buying after chairman-nominee Janet Yellen said it “will not continue indefinitely.”
    Market Analysis | FXCC Blog

    FOREX ECONOMIC CALENDAR :
    24h | EMU EcoFin Meeting
    2013-11-15 10:00 GMT | EMU Consumer Price Index (YoY)
    2013-11-15 13:30 GMT | US Export Price Index (YoY) (Oct)
    2013-11-15 14:15 GMT | US Industrial Production (MoM) (Oct)

    FOREX NEWS :
    2013-11-15 06:44 GMT | EUR/GBP remains weak as Friday wears on; European data looms
    2013-11-15 06:35 GMT | USD/JPY re-visits 100.00 as intra-day specs sell-off
    2013-11-15 05:47 GMT | Aussie Dollar the biggest mover in an overall quiet session
    2013-11-15 05:27 GMT | EUR/USD should head towards 1.20 - Societe Generale


    EURUSD :
    HIGH 1.34639 LOW 1.34453 BID 1.34595 ASK 1.34598 CHANGE 0.03% TIME 08 : 44:33



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

    MARKET ANALYSIS - Intraday Analysis

    Upwards scenario: EURUSD commenced consolidation phase, however, appreciation above the next resistance at 1.3488 (R1) might be a good catalyst for an upwards formation towards to next targets at 1.3511 (R2) and 1.3533 (R3). Downwards scenario: Risk of possible price regress is seen below the support level at 1.3433 (S1). Break here would suggest lower targets at 1.3412 (S2) and 1.3390 (S3) in potential.

    Resistance Levels: 1.3488, 1.3511, 1.3533
    Support Levels: 1.3433, 1.3412, 1.3390

    ----------------------
    GBPUSD :
    HIGH 1.60819 LOW 1.60512 BID 1.60791 ASK 1.60797 CHANGE 0.09% TIME 08 : 44:34



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

    Upwards scenario: Possible upwards extension above the resistive measure at 1.6101 (R1) is liable to commence medium-term bullish structure. Our intraday targets locates at 1.6134 (R2) and 1.6167 (R3) price levels. Downwards scenario: On the other hand, our next supportive barrier at 1.6031 (S1) prevents further downtrend expansion. Break here is required to enable lower targets at 1.5997 (S2) and 1.5964 (S3) in potential.

    Resistance Levels: 1.6101, 1.6134, 1.6167
    Support Levels: 1.6031, 1.5997, 1.5964

    ---------------------
    USDJPY :
    HIGH 100.305 LOW 99.94 BID 100.017 ASK 100.020 CHANGE 0.02% TIME 08 : 44:35



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

    Upwards scenario: Measures of resistance might be activating when the pair approaches 100.31 (R1). Break here would suggest next interim target at 100.57 (R2) and If the pair keeps its momentum we would expect an exposure of 100.82 (R3). Downwards scenario: In terms of technical levels, risk of price depreciation is seen below the support level at 99.79 (S1). Loss here would suggest to monitor marks at 99.52 (S2) and 99.26 (S3) as possible intraday targets.

    Resistance Levels: 100.31, 100.57, 100.82
    Support Levels: 99.79, 99.52, 99.26

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

  2. #122

    Default Forex Technical & Market Analysis FXCC Nov 19 2013

    Forex Technical & Market Analysis FXCC Nov 19 2013

    Dow Jones Index breaks 16000 as SPX and NASDAQ sell off at key levels, as Troika talks will resume in Athens this week

    Tuesday sees the publication of the ZEW German sentiment index and the ZEW Europe sentiment index. Both indices are expected to rise, Germany's up to 54.6 and Europe's up to 63.1. Two more FOMC members are due to speak, Dudley and Evans, whilst treasury secretary Lew is due to speak, the man who 'knocked heads' together over the debt impasse. Later in the evening Ben Bernanke holds court. New Zealand's PPI is published with the expectation of a number similar to the 0.6% of the previous month. Japan's trade balance is expected in at -0.88 trillion, with the all industries activity expected in at 0.5% up 0.2%. Greece's finance minister Yannis Stournaras will hold another session of talks with the country's various lenders this week. Relations between the Athens government and officials from the IMF/EC and ECB are tense, with little in the way of an agreement over how to address the fiscal gap in Greece's 2014 financial projections. That shortfall is estimated at €1.5bn and there's no roadmap in place as to how it will be fixed, although bond holders taking another haircut seems the most obvious solution. Looking towards equity index futures the DJIA is up 0.16%, SPX down 0.27%. European equity indices are up; STOXX up 0.88%, DAX up 0.65%, CAC up 0.64%, fits equity index future up 0.49%. On Monday NYMEX WTI oil closed the day down 0.88% at $93.01 per barrel, NYMEX nat gas down 1.17% at $3.62 per therm. COMEX gold closed the day down 0.95% at $1275.20 per ounce, silver on COMEX down 1.79% at $20.36 per ounce.
    Market Analysis | FXCC Blog

    FOREX ECONOMIC CALENDAR :
    2013-11-19 10:00 GMT | DE ZEW Survey - Economic Sentiment (Nov)
    2013-11-19 13:45 GMT | US Treasury Sec Lew Speech
    2013-11-19 23:30 GMT | AU Westpac Leading Index (MoM) (Sep)
    2013-11-19 23:50 GMT | JP Merchandise Trade Balance Total (Oct)

    FOREX NEWS :
    2013-11-19 06:50 GMT | EUR/USD parked around 1.3500
    2013-11-19 06:02 GMT | AUD bids expected on largest Australian bond deal issuance
    2013-11-19 04:04 GMT | Dovish Yellen may limit further USD longs by specs - Rabobank
    2013-11-19 02:28 GMT | EUR/JPY wants to consolidate 134.70 front

    ----------------------
    EURUSD :
    HIGH 1.35231 LOW 1.34989 BID 1.35143 ASK 1.35148 CHANGE 0.07% TIME 08:52:00



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

    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 1.3530 (R1) is required to push the price towards to our next visible targets at 1.3549 (R2) and 1.3567 (R3). Downwards scenario: On the downside we see potential to positively retest our supportive measure at 1.3494 (S1). Clearance here is required to open route towards to our initial targets at 1.3474 (S2) and 1.3454 (S3) in potential.

    Resistance Levels: 1.3530, 1.3549, 1.3567
    Support Levels: 1.3494, 1.3474, 1.3454

    ---------------------
    GBPUSD :
    HIGH 1.61242 LOW 1.60964 BID 1.61032 ASK 1.61041 CHANGE -0.04% TIME 08:52:01



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

    Upwards scenario: Instrument gained momentum on the upside recently, turning short-term bias to the positive side. Further upwards penetration above the resistance at 1.6148 (R1) would enable intraday targets at 1.6177 (R2) and 1.6206 (R3). Downwards scenario: Risk of possible price depreciation is seen below the support level at 1.6081 (S1). Break here is required to open the way towards to immediate supports at 1.6053 (S2) and 1.6025 (S3).

    Resistance Levels: 1.6148, 1.6177, 1.6206
    Support Levels: 1.6081, 1.6053, 1.6025

    ----------------
    USDJPY :
    HIGH 100.001 LOW 99.571 BID 99.821 ASK 99.825 CHANGE -0.17% TIME 08:52:02



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

    Upwards scenario: On the upside potential is seen for a break above the resistance at 100.20 (R1). In such case we would suggest next target at 100.41 (R2) and any further rise would then be limited to final resistance at 100.62 (R3). Downwards scenario: We expect further correction evolvement if the price manages to overcome key supportive bastion at 99.56 (S1). In such case we would suggest next intraday targets at 99.35 (S2) and 99.13 (S3).

    Resistance Levels: 100.20, 100.41, 100.62
    Support Levels: 99.56, 99.35, 99.13

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

  3. #123

    Default Forex Technical & Market Analysis FXCC Nov 21 2013

    Forex Technical & Market Analysis FXCC Nov 21 2013

    European manufacturing PMIs published Thursday could indicate the ECB's next move on interest rates

    Thursday sees the publication of Germany's and France's flash manufacturing and service PMIs together with Europe's which is expected to print at 51.6 for manufacturing and 51.9 for services. The RBA governor of Australia holds court on Thursday, whilst the UK's public net sector borrowing is published expected slightly up in at £10.1 bn. USA PPI is expected in at -0.1% whilst unemployment numbers are expected in at 333K, slightly up from the previous week. Flash manufacturing data is expected to print at 52.6. Europe's consumer confidence is expected in at -14.1 with the Philly manufacturing index for the USA expected in at 15.1, down from 19.8 the previous month. Perhaps the most illuminating comment in the latest FOMC meeting minutes, published late Wednesday evening, was the commitment that; "the Committee today reaffirmed its view that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends". The U.S. Dollar Index, which monitors the greenback against 10 major peers, increased for the first time in four days, adding 0.4 percent to 1,019.10 yen late in New York. The euro declined 0.9 percent to 134.34 yen after earlier touching 135.95, the strongest level since October 2009. The shared currency fell 0.8 percent to $1.3435. The dollar slid 0.1 percent to 99.99 yen. The dollar rose versus most major peers as Federal Reserve officials said they might reduce their $85 billion in monthly bond purchases “in coming months” as the economy improves, minutes of their last meeting show.
    Market Analysis | FXCC Blog

    FOREX ECONOMIC CALENDAR :
    2013-11-21 08:58 GMT | EMU Markit Manufacturing PMI (Nov)
    2013-11-21 09:05 GMT | RBA's Governor Glenn Stevens Speech
    2013-11-21 10:05 GMT | ECB President Draghi's Speech
    2013-11-21 13:30 GMT | US Producer Price Index (YoY) (Oct)

    FOREX NEWS :
    2013-11-21 06:15 GMT | USD/JPY cracks 100.60, new 6-month high
    2013-11-21 05:05 GMT | EUR/USD maintains bearish pressure, 1.3390 is critical support Thursday
    2013-11-21 04:31 GMT | AUD/USD bearish march pauses at 0.93 ahead of RBA Stevens
    2013-11-21 03:24 GMT | BoJ keeps policy unchanged, retains 60T-70T easing plan


    EURUSD :
    HIGH 1.3442 LOW 1.34136 BID 1.34286 ASK 1.34289 CHANGE -0.07% TIME 08 : 37:15



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

    MARKET ANALYSIS - Intraday Analysis

    Upwards scenario: EURUSD tested negative side recently, however we see potential to test resistive barrier at 1.3462 (R1) later on today. Successful penetration above that level would suggest next intraday targets at 1.3492 (R2) and 1.3525 (R3) later on today. Downwards scenario: Fresh low offers a key supportive measure at 1.3412 (S1) on a downside. A violation here is liable to commence correction pattern on the bigger picture and expose our initial targets at 1.3380 (S2) and 1.3348 (S3).

    Resistance Levels: 1.3462, 1.3492, 1.3525
    Support Levels: 1.3412, 1.3380, 1.3348

    ----------------------
    GBPUSD :
    HIGH 1.61082 LOW 1.60721 BID 1.60860 ASK 1.60869 CHANGE -0.11% TIME 08 : 37:16



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

    Upwards scenario: GBPUSD trapped to the consolidation phase on the hourly chart frame. Break of resistive level at 1.6177 (R1) is required to enable upwards action. Next visible targets are seen at 1.6220 (R2) and 1.6260 (R3). Downwards scenario: However, if the price manages to break our key support level at 1.6057 (S1) bearish market participants might take the initiative. Our intraday support level locates at 1.6018 (S2) and 1.5978 (S3).

    Resistance Levels: 1.6177, 1.6220, 1.6260
    Support Levels: 1.6057, 1.6018, 1.5978

    --------------------
    USDJPY :
    HIGH 100.812 LOW 100.006 BID 100.690 ASK 100.694 CHANGE 0.66% TIME 08 : 37:17



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

    Upwards scenario: Market gained momentum on the upside recently and turned short-term tendency to the positive side. Further appreciation above the resistance at 100.88 (R1) might push the price towards to our targets at 101.12 (R2) and 101.36 (R3) later on today. Downwards scenario: Our next support level is placed at 100.44 (S1). Possible penetration below it might initiate bearish pressure and push the price towards to our intraday targets at 100.19 (S2) and 99.95 (S3).

    Resistance Levels: 100.88, 101.12, 101.36
    Support Levels: 100.44, 100.19, 99.95

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

  4. #124

    Default Forex Technical & Market Analysis FXCC Nov 22 2013

    Forex Technical & Market Analysis FXCC Nov 22 2013

    DJIA closes above 16,000 for the first time as dollar yen rises above 101

    Today we receive the data concerning Germany's final GDP figure expected in at 0.3% up, with the German IFO index expected in at 107.9. Friday also sees a raft of info. regarding Canada; core CPI data is published expected in flat, with CPI up 0.2%. Retail sales is predicted in up 0.5% for the month. Jolts job openings are published in the USA, it measures the number of job openings during the reported month, excluding the farming industry. The DJIA rose more than 100 points and finally closed above 16,000 for the first time in history on Thursday. The index crossed that psychological milestone earlier this week, but then sold off for three days as the index closed in the red. The S&P 500 also closed up, while the Nasdaq rose more than 1%. The yen fell 1.1 percent to 101.16 per dollar late in New York time Thursday, the weakest level seen since July 10th. Japan’s currency slid 1.4 percent to 136.37 per euro after declining to 136.40, the lowest since October 2009. The euro rose 0.3 percent to $1.3482. The U.S. Dollar Index, which tracks the currency versus 10 major counterparts, rose 0.2 percent to 1,020.97 after advancing 0.4 percent Wednesday. The dollar gauge breached its 100- and 200-day moving averages as it approached a two-month high.
    Market Analysis | FXCC Blog

    FOREX ECONOMIC CALENDAR :
    2013-11-22 07:00 GMT | DE Gross Domestic Product w.d.a (YoY)
    2013-11-22 09:30 GMT | ECB President Draghi's Speech
    2013-11-22 13:30 GMT | CA Consumer Price Index (YoY) (Oct)
    2013-11-22 13:30 GMT | CA Retail Sales (MoM) (Sep)

    FOREX NEWS :
    2013-11-22 06:47 GMT | EUR/USD tests highs ahead of German data
    2013-11-22 06:34 GMT | GBP/USD nearing upper edge of two-month trading range
    2013-11-22 05:39 GMT | USD/JPY retests 101.00 bids, 101.30+ double topside failure
    2013-11-22 03:41 GMT | AUD/USD bearish party goes on, 0.92 gives up


    EURUSD :
    HIGH 1.34895 LOW 1.34624 BID 1.34837 ASK 1.34840 CHANGE 0.02% TIME 08 : 57:07



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

    MARKET ANALYSIS - Intraday Analysis

    Upwards scenario: Further upwards penetration might face next challenge at 1.3495 (R1). Break here would suggest next target at 1.3513 (R2) en route towards to last resistance for today at 1.3530 (R3). Downwards scenario: On the downside, support level at 1.3462 (S1) limits possible downtrend expansion. Break here is required to enable lower target at 1.3444 (S2) en route to final aim at 1.3426 (S3).

    Resistance Levels: 1.3495, 1.3513, 1.3530
    Support Levels: 1.3462, 1.3444, 1.3426

    --------------------
    GBPUSD :
    HIGH 1.62046 LOW 1.61764 BID 1.61945 ASK 1.61952 CHANGE -0.02% TIME 08 : 57:08



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

    Upwards scenario: An element of resistive measure could be found at 1.6213 (R1). Clearance here would open way towards to higher target at 1.6242 (R2) and any further rise would then be limited to last resistance at 1.6271 (R3). Downwards scenario: Any downside fluctuations remains for now limited to the next support barrier at 1.6178 (S1). Only clear break here would be a signal of possible market easing towards to our targets at 1.6150 (S2) and 1.6122 (S3) in potential

    Resistance Levels: 1.6213, 1.6242, 1.6271
    Support Levels: 1.6178, 1.6150, 1.6122

    --------------------------
    USDJPY :
    HIGH 101.353 LOW 100.956 BID 100.997 ASK 100.999 CHANGE -0.15% TIME 08 : 57:10



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

    Upwards scenario: Market players may prefer to stay neutral today during limited tier one macroeconomic data flow, though a break of our resistance at 101.36 (R1) would suggest next targets at 101.58 (R2) and 101.81 (R3). Downwards scenario: On the other side, a dip below the initial support level at 100.84 (S1) is liable to trigger bearish pressure and drive market price towards to supportive means at 100.62 (S2) and 100.39 (S3) in potential.

    Resistance Levels: 101.36, 101.58, 101.81
    Support Levels: 100.84, 100.62, 100.39

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

  5. #125

    Default Forex Technical & Market Analysis FXCC Nov 26 2013

    Forex Technical & Market Analysis FXCC Nov 26 2013

    USA house price index is published as the Richmond Fed Manufacturing Index is expected to rise.

    Tuesday in the UK will see the publication of the UK's Nationwide Building Society's house price inflation report. As one of the more modest/reasonable indices of house price data in the UK the print is expected to come in up 0.6% month on month. The UK also holds inflation report hearings during the day. The USA publishes data on building permits and housing starts, expected in at circa 0.92K for both. The Standard & Poor's Case Shiller house price index is published with the expectations that annual house price inflation in the USA will rise to 13% year on year. The Conference Board Confidence index is published, expected in at 72.1, with the Richmond Manufacturing index expected up at 3 from the previous reading of 1.0. Late Tuesday evening New Zealand publishes its trade balance, expected down at -345 million, whilst construction data (completed) for Australia is published. The yen fell 0.4 percent to 101.67 per dollar late in New York time on Monday after reaching 101.92, the weakest since May 29th. It slid 0.1 percent to 137.43 per euro after touching 137.99, the weakest since October 2009. The dollar added 0.3 percent to $1.3517 against Europe’s shared currency. The U.S. Dollar Index, which tracks the currency against 10 major counterparts, rose 0.2 percent to 1,020.95.
    Market Analysis | FXCC Blog

    FOREX ECONOMIC CALENDAR :
    2013-11-26 10:00 GMT | UK Inflation Report Hearings
    2013-11-26 13:30 GMT | US Housing Starts (MoM) (Oct)
    2013-11-26 15:00 GMT | US Consumer Confidence (Nov)
    2013-11-26 21:45 GMT | NZ Trade Balance (YoY) (Oct)

    FOREX NEWS :
    2013-11-26 05:44 GMT | EUR/USD at risk of further retracements - ANZ
    2013-11-26 04:47 GMT | Gold giving its best impression of an upside attempt – something not seen in a while
    2013-11-26 03:55 GMT | GBP/USD falling softly after posting a nasty bearish reversal candle on Monday
    2013-11-26 02:16 GMT | USD/JPY taking a breather after closing Monday above key “correction resistance” at 101.46

    -----------------------
    EURUSD :
    HIGH 1.35408 LOW 1.35151 BID 1.35301 ASK 1.35305 CHANGE 0.1% TIME 08 : 36:32



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

    MARKET ANALYSIS - Intraday Analysis

    Upwards scenario: Risk of possible price appreciation is seen above the next resistance level at 1.3541 (R1). Clearance here would suggest next intraday target at 1.3553 (R2) and then final aim locates at 1.3566 (R3). Downwards scenario: Our technical outlook would turn into negative side below the support level at 1.3516 (S1). Possible price depreciation would then be targeting support at 1.3504 (S2) en route to final target at 1.3492 (S3).

    Resistance Levels: 1.3541, 1.3553, 1.3566
    Support Levels: 1.3516, 1.3504, 1.3492

    --------------------------
    GBPUSD :
    HIGH 1.61742 LOW 1.61456 BID 1.61462 ASK 1.61469 CHANGE -0.05% TIME 08 : 36:33



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

    Upwards scenario: Immediate resistance at 1.6174 (R1) remains in near-term focus, climb above this level might open way towards to next interim target at 1.6193 (R2) and any further rise would then be limited to final resistive measure at 1.6213 (R3) Downwards scenario: Opportunity for bearish oriented traders is seen below the important support level at 1.6133 (S1). Loss here would open door for the downtrend expansion towards to interim targets at 1.6114 (S2) and 1.6096 (S3).

    Resistance Levels: 1.6174, 1.6193, 1.6213
    Support Levels: 1.6133, 1.6114, 1.6096

    ------------------
    USDJPY :
    HIGH 101.71 LOW 101.333 BID 101.551 ASK 101.555 CHANGE -0.12% TIME 08 : 36:34



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

    Upwards scenario: Next actual resistance level is seen at 101.91 (R1). If the market manages to surge higher, our focus will shift to the next target at 102.15 (R2) and any further price strengthening would be limited to final resistance at 102.39 (R3). Downwards scenario: Any penetration below the support level at 101.32 (S1) might create more scope for the instrument weakness in near-term perspective. We are looking to our immediate supports at 101.10 (S2) and 100.86 (S3) as next possible targets.

    Resistance Levels: 101.91, 102.15, 102.39
    Support Levels: 101.32, 101.10, 100.86

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

  6. #126

    Default Forex Technical & Market Analysis FXCC Nov 27 2013

    Forex Technical & Market Analysis FXCC Nov 27 2013

    Unemployment claims in the USA expected to stay in their narrow range of 331K

    Wednesday sees the UK's second estimate GDP figure is published, expected to come in at 0.8%. The preliminary business investment data is published, it fell by 2.7% last quarter the expectations is for a 2.3% rise in the latest figures. The GFK German consumer confidence is published expected in at 7.1, versus 7.0 in the previous month. Durable goods orders for the USA are expected to fall by 1.5%, the Chicago PMI is excepted to fall to 60.6, with unemployment claims in at 331K. Natural gas and oil storage figures for the USA need watching carefully in relation to the volatility of trading oil and gas. Retail sales in Japan are scheduled to fall to a 2.2% increase month on month. The New Zealand ANZ business confidence index is published in the evening, as is Australian data concerning new homes sales and private capital expenditure, the latter expected to fall by -1.1%. Looking towards Wednesday's market open the DJIA equity index future is flat, as is the SPX, with the NASDAQ up 0.53%. STOXX is down 0.23%, DAX down 0.03%, CAC down 0.52% and FTSE down 0.93%. NYMEX WTI oil closed down 0.44% on the Dayan Tuesday at $93.68 per barrel, NYMEX nat gas was up 0.77% at $3.82 per therm. COMEX gold was flat at $1241.50 per ounce and silver at$19.85 per ounce down 0.38%. The euro strengthened 0.4 percent to $1.3572 per dollar late in New York time Tuesday after rising to $1.3575, the highest level since Nov. 20th. The 17-nation currency was little changed at 137.46 yen. Japan’s currency appreciated 0.4 percent to 101.28 per dollar after gaining 0.5 percent, the most since Nov. 13th. Australia’s dollar fell 0.8 percent to 92.44 yen after decreasing 1 percent to 92.25, the weakest since Oct. 10th. The U.S. Dollar Index, which tracks the currency against 10 major counterparts, fell 0.2 percent to 1,018.83 after gaining 0.1 percent.
    Market Analysis | FXCC Blog

    FOREX ECONOMIC CALENDAR :
    2013-11-27 12:00 GMT | USA. MBA Mortgage Applications (Nov 22)
    2013-11-27 13:30 GMT | USA. Chicago Fed National Activity Index (Oct)
    2013-11-27 13:30 GMT | USA. Durable Goods Orders (Oct)
    2013-11-27 13:30 GMT | USA. Initial Jobless Claims (Nov 22)

    FOREX NEWS :
    2013-11-27 05:49 GMT | GBP/JPY finds offers at 164.90
    2013-11-27 03:44 GMT | EUR/USD spikes in Asia, approaching 1.36
    2013-11-27 01:47 GMT | AUD/USD pressured; glued to 0.91
    2013-11-27 01:41 GMT | USD/JPY trading a bit higher Wednesday after posting a bearish reversal candle Tuesday

    -------------------
    EURUSD
    HIGH 1.3599 LOW 1.35576 BID 1.35876 ASK 1.35881 CHANGE 0.11% TIME 08 : 07:20



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

    MARKET ANALYSIS - Intraday Analysis

    Upwards scenario: The next resistance level is at 1.3597 (R1). Penetration above that level might trigger upside action and expose our next resistive mean at 1.3620 (R2) en route towards to final target for today at 1.3646 (R3). Downwards scenario: Further correction development is limited now to the session low - 1.3560 (S1). If the price manages to surpass it we would suggest next intraday targets at 1.3542 (S2) and 1.3520 (S3).

    Resistance Levels: 1.3597, 1.3620, 1.3646
    Support Levels: 1.3560, 1.3542, 1.3520

    -----------------------
    GBPUSD :
    HIGH 1.62305 LOW 1.61973 BID 1.62164 ASK 1.62176 CHANGE 0.01% TIME 08 : 07:21



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

    Upwards scenario: Possible upwards formation is limited now to resistive measure at 1.6236 (R1). A break above it would suggest next intraday target at 1.6276 (R2) and if the price holds its momentum we can expect price increase towards to final resistance at 1.6309 (R3). Downwards scenario: If the price manages to overcome our next support barrier at 1.6188 (S1), we expect to see further market decline towards to our next target at 1.6145 (S2) and then next stop could be found at 1.6108 (S3) mark.

    Resistance Levels: 1.6236, 1.6276, 1.6309
    Support Levels: 1.6188, 1.6145, 1.6108

    ---------------------
    USDJPY :
    HIGH 101.652 LOW 101.184 BID 101.496 ASK 101.501 CHANGE 0.22% TIME 08 : 07:22



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

    Upwards scenario: A violation of next resistance at 101.89 (R1) might call for a run towards to next target at 102.13 (R2) and any further appreciation would then be limited to final target at 102.35 (R3). Downwards scenario: On the other hand, a break of the support at 101.22 (S1) is required to determine negative intraday bias and enable lower target at 101.00 (S2). Clearance of this target would open a path towards to final support for today at 100.76 (S3).

    Resistance Levels: 101.89, 102.13, 102.35
    Support Levels: 101.22, 101.00, 100.76

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

  7. #127

    Default Forex Technical & Market Analysis FXCC Dec 02 2013

    Forex Technical & Market Analysis FXCC Dec 02 2013

    Australian Manufacturing Slips in November, U.S. Retail Holiday Sales Up 2.3%, Whilst Foot Traffic Declines.

    The latest Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) fell by 5.4 points in November, to 47.7 points (seasonally adjusted). This fall interrupted the promising run of mild expansion in the Australian PMI over the past two months (50 points marks the separation between expansion and contraction in the Australian PMI) and took the index back to its pre-election levels. The Australian PMI is again indicating varying degrees of contraction across the manufacturing sectors. U.S. retailers enjoyed a 2.3 percent sales gain over the critical Thanksgiving and Black Friday holiday time, in line with a prediction for the weakest holiday results since 2009. Sales at brick-and-mortar stores on Thanksgiving and Black Friday rose to $12.3 billion, according to a report yesterday from ShopperTrak a Chicago-based researcher who reiterated its prediction that sales for the entire holiday season will gain 2.4 percent, representing the smallest increase since the last recession. Sunday-Monday morning is a relatively quite opening for high impact news events, capital spending in Japan is predicted to rise by 3.1%. The HSBC final manufacturing PMI for China is expected to come in at 50.5. There is a raft of Australian data published overnight/early morning, with building approvals being the standout piece of data which is expected to fall to -4.3% from a positive 14.4% the previous month. Company operating profits are published for Australian companies. New Zealand's overseas trade index is expected in at 3.0%.
    Market Analysis | FXCC Blog

    FOREX ECONOMIC CALENDAR :
    2013-12-02 08:58 GMT | EMU Markit Manufacturing PMI (Nov)
    2013-12-02 09:28 GMT | UK Markit Manufacturing PMI (Nov)
    2013-12-02 13:30 GMT | US Fed's Bernanke Speech
    2013-12-02 15:00 GMT | US ISM Manufacturing PMI (Nov)

    FOREX NEWS :
    2013-12-02 07:52 GMT | AUD/USD firmer, eyes on 0.9170
    2013-12-02 06:53 GMT | EUR/USD stabilizing around 1.3600
    2013-12-02 04:10 GMT | USD/JPY, second topside failure at 102.60
    2013-12-02 03:06 GMT | GBP/USD, if 1.64/6425 absorbed, potential into 1.70/1.73 - BBH

    -----------------------
    EURUSD :
    HIGH 1.36157 LOW 1.35812 BID 1.36032 ASK 1.36036 CHANGE 0% TIME 10 : 01:18



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

    MARKET ANALYSIS - Intraday Analysis

    Upwards scenario: Possibility of price appreciation is seen above the key resistance at 1.3622 (R1). Break here would open a route towards to our intraday targets at 1.3643 (R2) and 1.3664 (R3). Downwards scenario: An important technical level at 1.3580 (S1) prevents possible market weakening. Break here is required to open road towards to interim target at 1.3558 (S2) en route to final aim at 1.3537 (S3).

    Resistance Levels: 1.3622, 1.3643, 1.3664
    Support Levels: 1.3580, 1.3558, 1.3537

    --------------------
    GBPUSD :
    HIGH 1.64422 LOW 1.63684 BID 1.64126 ASK 1.64128 CHANGE 0% TIME 10 : 01:18



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

    Upwards scenario: Fractal level at 1.6442 (R1) offers next resistive structure on the upside. If the price manages to overcome it, we would expect further appreciation towards to our initial targets at 1.6471 (R2) and 1.6499 (R3). Downwards scenario: On the hourly chart GBPUSD looks overbought and possibility of correction is high. Friday’s high offers key support level at 1.6385 (S1). Break here is required to enable our next targets at 1.6356 (S2) and 1.6327 (S3).

    Resistance Levels: 1.6442, 1.6471, 1.6499
    Support Levels: 1.6385, 1.6356, 1.6327

    --------------------
    USDJPY :
    HIGH 102.594 LOW 102.226 BID 102.559 ASK 102.562 CHANGE 0% TIME 10 : 01:18



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

    Upwards scenario: Price comfortably ranging on the hourly chart, however we see potential to overcome our next resistive barrier at 102.61 (R1) later on today. Any prolonged movement above it would suggest next intraday targets at 102.82 (R2) and 103.05 (R3). Downwards scenario: On the other hand, successful retest of our support level at 102.21 (S1) would clear the way for a recovery action towards to our lower targets at 102.00 (S2) and 101.78 (S3) in potential.

    Resistance Levels: 102.61, 102.82, 103.05
    Support Levels: 102.21, 102.00, 101.78

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

  8. #128

    Default Forex Technical & Market Analysis FXCC Dec 03 2013

    vForex Technical & Market Analysis FXCC Dec 03 2013

    Australia's RBA expected to keep cash rate at 2.5%, whilst UK house prices and construction expected to rise

    Tuesday sees the publication of several key economic data, including Spanish unemployment data expected in at 44.3K below the 88K the previous month. In the UK the Halifax house price ides is expected to rise by 0.8% month on month, whilst the construction PMI is expected in at 59.3. Total vehicle sales in the USA might give an indication of the overall consumer sentiment and the existing appetite for new credit. Australia's GDP is expected in at 0.7% up from 0.6% the previous month. The yen fell 0.5 percent to 102.94 per dollar late in New York time Monday, touching the least since May 23rd. Japan’s currency fell 0.1 percent to 139.40 per euro after depreciating to 139.71 on Nov. 29th, the weakest level since October 2008. The euro dropped 0.4 percent to $1.3542. The yen fell to a six-month low versus the dollar Monday after reports showed manufacturing in China, Europe and the U.K. expanded last month, driving demand for risk and underscoring Japan’s currency’s role in the carry trade. Australia’s dollar was little changed after rallying from almost its weakest level in three months and New Zealand’s currency rose for a second day. The Reserve Bank of Australia meets overnight Monday/Tuesday, analysts predict policy makers will keep interest rates unchanged at 2.5 percent. The Aussie rose as much as 0.7 percent versus the greenback after falling as low as 90.56 on Nov. 29th, the least since Sept. 4th. New Zealand’s currency climbed 0.8 percent to 81.86 U.S. cents.
    Market Analysis | FXCC Blog

    FOREX ECONOMIC CALENDAR :
    2013-12-03 09:30 GMT UK PMI Construction (Nov)
    2013-12-03 10:00 GMT EMU Producer Price Index (YoY) (Oct)
    2013-12-03 16:30 GMT US 4-Week Bill Auction
    2013-12-03 23:30 GMT AU AiG Performance of Services Index (Nov)

    FOREX NEWS :
    2013-12-03 05:14 GMT USD/JPY breaks above 103.25 barrier
    2013-12-03 04:35 GMT EUR/USD likely see stronger selling interest after 1.3550/60 loss
    2013-12-03 03:39 GMT AUD/USD offers absorbing initial 0.9065 bounce post RBA
    2013-12-03 03:34 GMT RBA leaves rates unchanged, keeps neutral tone

    -------------------
    EURUSD :
    HIGH 1.35504 LOW 1.35244 BID 1.35497 ASK 1.35499 CHANGE 0% TIME 08 : 52:43



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

    MARKET ANALYSIS - Intraday Analysis

    Upwards scenario: Discounted value of EURUSD determined negative bias on the short-term perspective. From the technical side, next resistance is seen at 1.3559 (R1). Only clearance here would allow possible gains, targeting 1.3576 (R2) and 1.3592 (R3). Downwards scenario: On the downside, next on tap is seen support level at 1.3524 (S1). Break here is required to enable lower targets at 1.3508 (S2) and 1.3491 (S3).

    Resistance Levels: 1.3559, 1.3576, 1.3592
    Support Levels: 1.3524, 1.3508, 1.3491

    -------------------
    GBPUSD :
    HIGH 1.63783 LOW 1.63467 BID 1.6377 ASK 1.63775 CHANGE 0.01% TIME 08 : 52:43



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

    Upwards scenario: On the upside resistive measure at 1.6384 (R1) prevents further gains. Successful clearance here would suggest next intraday targets at 1.6407 (R2) and 1.6429 (R3). Downwards scenario: On the other hand if the price failed to gain momentum on the upside we expect to see clearance of our next support level at 1.6343 (S1). Our intraday targets locates at 1.6320 (S2) and 1.6297 (S3).

    Resistance Levels: 1.6384, 1.6407, 1.6429
    Support Levels: 1.6343, 1.6320, 1.6297

    ---------------------
    USDJPY :
    HIGH 103.379 LOW 102.833 BID 103.237 ASK 103.239 CHANGE -0.03% TIME 08 : 52:43



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

    Upwards scenario: Market sentiment has improved for the bullish oriented traders. Fractals level at 103.43 (R1) offers a key resistance level. Break here would suggest higher targets at 103.67 (R2) and 103.92 (R3). Downwards scenario: Our bearish expectations remain intact below the key support level at 102.81 (S1). Price penetration below it would allow further declines towards to lower targets at 102.56 (S2) and 102.30 (S3).

    Resistance Levels: 103.43, 103.67, 103.92
    Support Levels: 102.81, 102.56, 102.30

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

  9. #129

    Default Forex Technical & Market Analysis FXCC Dec 04 2013

    Forex Technical & Market Analysis FXCC Dec 04 2013

    Will the Bank of Canada lower base rates from 1%? And will USA job numbers from ADP enjoy a seasonal boost?

    Wednesday there's a raft of PMIs published early morning, Spanish and Italian final services PMIs with Europe's final services PMI also published expected in at 50.9. The UK services PMI is expected in at 62.1. There are OPEC meetings all day Wednesday, naturally these could have a positive, or negative impact on the price of oil. Retail sales for Europe is expected in at +0.2% from the -0.6% negative the previous month. Europe's revised GDP growth is expected in at 0.1%. The USA ADP employment numbers are expected to show an improvement of circa 185K jobs created for the month. Canada's trade balance is expected in up to $0.7bn, the USA's is expected in at $40.3 bn. The bank of Canada will publish its decision on its rate setting, expected to stay at 1.00%. Further USA news comes in the form of new home sales expected in at circa 432K, whilst the USA PMI for non manufacturing is expected in at 55.4. Crude oil inventories completes the day for USA high impact news releases with the beige book data also published. Australia's trade balance completes the day for news events. The U.S. 10-year yield declined one basis point on Tuesday, or 0.01 percentage point, to 2.78 percent late New York time. It fell as much as four basis points after rising one basis point earlier. It reached 2.81 percent yesterday, the highest since Nov. 21st. The price of the 2.75 percent security maturing in November 2023 gained 3/32, or 94 cents per $1,000 face amount, to 99 23/32.
    Market Analysis | FXCC Blog

    FOREX ECONOMIC CALENDAR :
    2013-12-04 09:28 GMT | UK Markit Services PMI (Nov)
    2013-12-04 10:00 GMT | EMY Gross Domestic Product s.a. (YoY) (Q3)
    2013-12-04 15:00 GMT | BoC Interest Rate Decision
    2013-12-04 19:00 GMT | US Fed's Beige Book

    FOREX NEWS :
    2013-12-04 03:50 GMT | NZD/USD rejected by daily kijun, bearish below 0.8340/50
    2013-12-04 03:35 GMT | Yen bearish trend to continue - JPMorgan
    2013-12-04 02:37 GMT | EUR/JPY engaged in intraday battle, loss of H1 ichimoku cloud weighs
    2013-12-04 01:57 GMT | AUD/USD breaks into new trend lows, sovereign bids sub 0.9050?

    ----------------------
    EURUSD :
    HIGH 1.35976 LOW 1.35816 BID 1.35843 ASK 1.35845 CHANGE 0% TIME 08 : 43:56



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

    MARKET ANALYSIS - Intraday Analysis

    Upwards scenario: A violation of next resistance at 1.3614 (R1) might call for a run towards to next target at 1.3629 (R2) and any further appreciation would then be limited to final target at 1.3644 (R3). Downwards scenario: Risk of market weakening is seen below the support level at 1.3580 (S1). Loss here is required to enable our supportive barrier at 1.3565 (S2) en route towards to final target for today at 1.3550 (S3).

    Resistance Levels: 1.3614, 1.3629, 1.3644
    Support Levels: 1.3580, 1.3565, 1.3550

    ------------------
    GBPUSD :
    HIGH 1.63974 LOW 1.63781 BID 1.63918 ASK 1.63922 CHANGE 0.01% TIME 08 : 43:56



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

    Upwards scenario: Next resistive barrier locates at 1.6407 (R1). Violation here is required to provide a signal of further market strengthening. In such case, resistances at 1.6429 (R2) and 1.6450 (R3) acts as next attractive points for the bullish oriented traders. Downwards scenario: As long as price stays below the 20 SMA our technical outlook would be negative. Extension lower the next support level at 1.6374 (S1) is being able to drive market price towards to our next targets at 1.6353 (S2) and 1.6331(S3).

    Resistance Levels: 1.6407, 1.6429, 1.6450
    Support Levels: 1.6374, 1.6353, 1.6331

    ----------------------
    USDJPY :
    HIGH 102.663 LOW 102.239 BID 102.586 ASK 102.589 CHANGE 0% TIME 08 : 43:56



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

    Upwards scenario: Resistance at 102.75 (R1) limits possible upwards penetration. Break here is required to enable next interim target at 102.94 (R2) en route towards to final aim for today at 103.11 (R3). Downwards scenario: Next support level lies at 102.30 (S1). Penetration below it might shift short-term tone to the negative side. Our intraday targets locates at 102.14 (S2) and 101.96 (S3).

    Resistance Levels: 102.75, 102.94, 103.11
    Support Levels: 102.30, 102.14, 101.96

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

  10. #130

    Default Forex Technical & Market Analysis FXCC Dec 05 2013

    Forex Technical & Market Analysis FXCC Dec 05 2013

    UK BoE and ECB publish their rate and monetary easing decisions whilst UK chancellor will deliver his 'Autumn statement'.

    Thursday witnesses the UK's BoE MPC publish its interest rate policy decision and the details of its monetary easing policy decision which is expected to remain the same at £375bn. The statement covering the decisions will be of keen interest to investors. The UK's chancellor will give his autumn finance statement. Europe's ECB will publish its rate decision, expected to stay at 0.25%. Canada reports its building permits and the IVEY PMI expected in at 60.2, whilst the USA publishes its preliminary GDP figures expected in at 3.1%, with unemployment claim numbers at circa 322K for the week. The USA publishes its factory orders, predicted down by 0.7%. The yen rallied 0.2 percent to 102.36 versus the dollar late in New York Wednesday, after touching 103.38 Tuesday, the weakest level since May 23rd. The U.S. currency was little changed at $1.3593 per euro. The yen gained 0.1 percent to 139.13 per euro. The U.S. Dollar Index, which tracks the U.S. currency versus its 10 major counterparts, was little changed at 1,020.94, after rising to 1,025.36 yesterday, the highest level since Sept. 13th. The yen rallied for a second day against the dollar as stronger-than-forecast U.S. economic data spurred speculation the Federal Reserve will reduce stimulus that has driven up stocks globally. Bank of Canada policy makers kept their benchmark rate on overnight loans between commercial banks at 1 percent, where it’s been for more than three years, as forecast by all 22 economists in a Bloomberg survey. The Canadian dollar fell 0.3 percent to C$1.0684 versus the greenback, reaching the lowest level since May 2010.
    Market Analysis | FXCC Blog

    FOREX ECONOMIC CALENDAR :
    2013-12-05 09:05 GMT | Bank of Japan Governor Kuroda Speech
    2013-12-05 12:00 GMT | BoE Interest Rate Decision (Dec 5)
    2013-12-05 12:45 GMT | ECB Interest Rate Decision (Dec 5)
    2013-12-05 13:30 GMT | US Gross Domestic Product Annualized (Q3)

    FOREX NEWS :
    2013-12-05 03:50 GMT | NZD/USD in no man's land; capped below 0.8240/50
    2013-12-05 02:53 GMT | AUD/USD short squeeze pressing against 0.9050
    2013-12-05 02:08 GMT | GBP/USD: If upside clears, next target 1.65/66 - 2ndSkies
    2013-12-05 01:46 GMT | EUR/AUD dropping from monthly highs

    --------------------------
    EURUSD
    HIGH 1.36394 LOW 1.358 BID 1.36243 ASK 1.36246 CHANGE 0% TIME 08 : 50:26



    OUTLOOK SUMMARY : Up
    TREND CONDITION : Up trend
    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 1.3641 (R1), break here would suggest next intraday targets at 1.3658 (R2) and 1.3674 (R3). Downwards scenario: On the other side, depreciation below the support barrier at 1.3606 (S1) might provide sufficient space for the recovery action. In such case we would suggest next intraday targets at 1.3588 (S2) and then 1.3571 (S3).

    Resistance Levels: 1.3641, 1.3658, 1.3674
    Support Levels: 1.3606, 1.3588, 1.3571

    ----------------------
    GBPUSD :
    HIGH 1.63971 LOW 1.637 BID 1.63842 ASK 1.63845 CHANGE 0% TIME 08 : 50:26



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

    Upwards scenario: Possibility of ascending structure is seen above the fractal level at 1.6404 (R1). Break here is required to clear the way towards to higher targets at 1.6426 (R2) and 1.6447 (R3). Downwards scenario: On the other hand, progress below the initial support level at 1.6364 (S1) might initiate bearish pressure and expose our intraday targets at 1.6342 (S2) and 1.6321 (S3) later on today.

    Resistance Levels: 1.6404, 1.6426, 1.6447
    Support Levels: 1.6364, 1.6342, 1.6321

    -----------------------
    USDJPY :
    HIGH 102.442 LOW 101.99 BID 102.114 ASK 102.116 CHANGE 0% TIME 08 : 50:26



    OUTLOOK SUMMARY : Down
    TREND CONDITION : Downward 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 102.47 (R1). Break here would suggest next intraday targets at 102.67 (R2) and 102.90 (R3). Downwards scenario: On the downside, USDJPY might encounter supportive measures at 101.82 (S1). Break here would open the way for a test of our next targets at 101.60 (S2) and 101.39 (S3) later on today.

    Resistance Levels: 102.47, 102.67, 102.90
    Support Levels: 101.82, 101.60, 101.39

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

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