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Thread: Daily Market Roundup from FXCC

  1. #61

    Default Forex Technical & Market Analysis FXCC Aug 05 2013

    Forex Technical & Market Analysis FXCC Aug 05 2013

    Australian services sector falls below 40.00, first time since GFC

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

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

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


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



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

    MARKET ANALYSIS - Intraday Analysis

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

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

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



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

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

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

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



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

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

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

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

  2. #62

    Default Forex Technical & Market Analysis FXCC Aug 06 2013

    Forex Technical & Market Analysis FXCC Aug 06 2013

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

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

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

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

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



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

    MARKET ANALYSIS - Intraday Analysis

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

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

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



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

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

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

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



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

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

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

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

  3. #63

    Default Forex Technical & Market Analysis FXCC Aug 07 2013

    Forex Technical & Market Analysis FXCC Aug 07 2013

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

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

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

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

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



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

    MARKET ANALYSIS - Intraday Analysis

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

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

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



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

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

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

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



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

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

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

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

  4. #64

    Default Forex Technical & Market Analysis FXCC Aug 08 2013

    Forex Technical & Market Analysis FXCC Aug 08 2013

    BoJ to keep massive monetary easing

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

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

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

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



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

    MARKET ANALYSIS - Intraday Analysis

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

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

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



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

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

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

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



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

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

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

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

  5. #65

    Default Forex Technical & Market Analysis FXCC Aug 13 2013

    Forex Technical & Market Analysis FXCC Aug 13 2013

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

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

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

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

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



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

    MARKET ANALYSIS - Intraday Analysis

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

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

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



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

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

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

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



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

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

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

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

  6. #66

    Default Forex Technical & Market Analysis FXCC Aug 14 2013

    Forex Technical & Market Analysis FXCC Aug 14 2013

    Fed’s Lockhart reiterates September reduction in Federal bond buying

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

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

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

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



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

    MARKET ANALYSIS - Intraday Analysis

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

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

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



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

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

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

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



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

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

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

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

  7. #67

    Default Forex Technical & Market Analysis FXCC Aug 15 2013

    Forex Technical & Market Analysis FXCC Aug 15 2013

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

    The EUR/USD just ripped straight higher for over 400 pips on non-news related buying. Still, any upside is corrective in nature unless 1.3414 is conquered say technicians. EUR/USD will likely be trading off of US data Thursday Despite the rip higher that just occurred on the intraday chart, the macro picture appears to be setting up for much more downside once this upside correction runs its course. The European markets are closed for the most part Thursday in honor of Ascension Day.
    https://support.fxcc.com/email/technical/15082013/

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

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


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



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

    MARKET ANALYSIS - Intraday Analysis

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

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

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



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

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

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

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



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

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

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

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

  8. #68
    Junior Member
    Join Date
    Aug 2013
    Posts
    1

    Default

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

    MARKET ANALYSIS - Intraday Analysis

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

    Resistance Levels: 1.3230, 1.3248, 1.3264
    Support Levels: 1.3197, 1.3180, 1.3162
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  9. #69

    Default Forex Technical & Market Analysis FXCC Sep 02 2013

    Forex Technical & Market Analysis FXCC Sep 02 2013

    Obama seeks Congressional approval before launching attack against Syria

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

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

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

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



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

    MARKET ANALYSIS - Intraday Analysis

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

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

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



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

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

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

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



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

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

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

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

  10. #70

    Default Forex Technical & Market Analysis FXCC Sep 03 2013

    Forex Technical & Market Analysis FXCC Sep 03 2013

    RBA keeps rate at 2.5%, easing bias removal?

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

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

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

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



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

    MARKET ANALYSIS - Intraday Analysis

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

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

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



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

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

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

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



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

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

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

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

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