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Thread: Daily Market Roundup from FXCC

  1. #71

    Default Forex Technical & Market Analysis FXCC Sep 04 2013

    Forex Technical & Market Analysis FXCC Sep 04 2013

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

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

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

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

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



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

    MARKET ANALYSIS - Intraday Analysis

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

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

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



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

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

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

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



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

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

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

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

  2. #72

    Default

    EURUSD is getting a bit stable........

  3. #73

    Default Forex Technical & Market Analysis FXCC Sep 05 2013

    Forex Technical & Market Analysis FXCC Sep 05 2013

    Today's main event is the ECB meeting this afternoon

    oday’s main event is the ECB meeting this afternoon. In our view, there are fewer arguments for a rate cut today than a month ago, given recent upside surprises in economic indicators and a slower pace of decline in excess liquidity (see ECB Preview: Keep the powder dry). Hence, we expect the ECB to keep rates unchanged and Draghi to refrain from explaining further the forward guidance.

    The EUR/USD is trading downwards ahead of ECB and G20 meeting, but still remains above its 200-day moving average. Will the EUR/USD finally manage to break its 200-day MA at 1.3144? The pair is under pressure again, after a short relief in Wednesday’s trading session. The global equities rally rounded out by the biggest advance for the US Indexes in two weeks, pushed downwards the American dollar on Wednesday, i.e. the single currency got a small relief yesterday. Still, risk over the next 48 hours is of great significance and should be considered more trend defining. The G20 meeting doesn’t have a definitely positive or negative outcome, but Friday’s NFPs do. For today’s ECB meeting, there are obviously many members of the Governing Council who want to convince the market that rate hikes are still an “illusion”. -FXstreet.com
    Market Analysis | FXCC Blog

    FOREX ECONOMIC CALENDAR :
    24h All G20 Meeting
    2013-09-05 11:00 GMT BoE Interest Rate Decision
    2013-09-05 11:45 GMT ECB Interest Rate Decision
    2013-09-05 12:30 GMT ECB Monetary policy statement and press conference

    FOREX NEWS :
    2013-09-05 05:36 GMT EUR/USD still under pressure ahead of ECB meeting
    2013-09-05 05:34 GMT USD/JPY now at key resistance at 99.94 after rally of the last hour
    2013-09-05 04:42 GMT EUR/GBP glued to 0.8450 ahead of BoE & ECB
    2013-09-05 04:24 GMT GBP/JPY confined in a tight range


    EURUSD :
    HIGH 1.32076 LOW 1.31644 BID 1.31689 ASK 1.31694 CHANGE -0.29% TIME 08 : 44:52



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

    MARKET ANALYSIS - Intraday Analysis

    Upwards scenario: EURUSD gained momentum on the downside recently and likely will close on the negative territory today. However, clearance of our next resistive structure at 1.3200 (R1) would open way towards to our initial target at 1.3218 (R2) and any further market rise would then be targeting 1.3235 (R3). Downwards scenario: Possible market weakening is protected by important technical level at 1.3157 (S1). Break here is required to open road towards to interim target at 1.3138 (S2) en route to final aim at 1.3119 (S3).

    Resistance Levels: 1.3200, 1.3218, 1.3235
    Support Levels: 1.3157, 1.3138, 1.3119

    ------------------------
    GBPUSD :
    HIGH 1.56275 LOW 1.55956 BID 1.56032 ASK 1.56038 CHANGE -0.13% TIME 08 : 44:53



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

    Upwards scenario: Measures of resistance might be activating if the pair approaches 1.5636 (R1) price level. Break here would suggest next interim target at 1.5652 (R2) and If the price keeps its momentum we expect an exposure of 1.5670 (R3). Downwards scenario: Our next support level locates at 1.5593 (S1) mark. Possible penetration below this level would open way towards to next target at 1.5575 (S2) and then final aim lie at 1.5557 (S3) price level.

    Resistance Levels: 1.5636, 1.5652, 1.5670
    Support Levels: 1.5593, 1.5575, 1.5557

    ----------------------
    USDJPY :
    HIGH 99.982 LOW 99.644 BID 99.852 ASK 99.857 CHANGE 0.12% TIME 08 : 44:54



    OUTLOOK SUMMARY : Up
    TREND CONDITION : Up trend
    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 100.15 (R1). Our initial targets locates at 100.41 (R2) and 100.66 (R3) Downwards scenario: On the other side, depreciation below the supportive measure at 99.53 (S1) would confirm bearish medium-term tendency and validate our next intraday targets at 99.27 (S2) and 98.99 (S3) in potential.

    Resistance Levels: 100.15, 100.41, 100.66
    Support Levels: 99.53, 99.27, 98.99

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

  4. #74

    Default Forex Technical & Market Analysis FXCC Sep 06 2013

    Forex Technical & Market Analysis FXCC Sep 06 2013

    ECB's Draghi reiterates forward guidance on rates

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

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

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


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



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

    MARKET ANALYSIS - Intraday Analysis

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

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

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



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

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

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

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



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

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

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

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

  5. #75

    Default Forex Technical & Market Analysis FXCC Sep 09 2013

    Forex Technical & Market Analysis FXCC Sep 09 2013

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

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

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

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

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


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



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

    MARKET ANALYSIS - Intraday Analysis

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

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

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



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

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

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

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



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

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

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

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

  6. #76

    Default Forex Technical & Market Analysis FXCC Sep 10 2013

    Forex Technical & Market Analysis FXCC Sep 10 2013

    EUR/USD up around 1.3270 on China

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

    At the moment the pair is gaining 0.09% at 1.3268 with the next resistance at 1.3279 (Kijun Line) ahead of 1.3298 (low Aug.22) and then 1.3322 (low Aug.27). On the downside, a break below 1.3157 (low Sep.9) would target 1.3104 (50% of 1.2755-1.3453) en route to 1.3089 (low Jul.19).
    Market Analysis | FXCC Blog

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

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

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



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

    MARKET ANALYSIS - Intraday Analysis

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

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

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



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

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

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

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



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

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

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

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

  7. #77

    Default Forex Technical & Market Analysis FXCC Sep 11 2013

    Forex Technical & Market Analysis FXCC Sep 11 2013

    Obama puts Syrian action on hold while diplomacy pursued

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

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

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

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

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



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

    MARKET ANALYSIS - Intraday Analysis

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

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

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



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

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

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

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



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

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

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

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

  8. #78

    Default Forex Technical & Market Analysis FXCC Sep 12 2013

    Forex Technical & Market Analysis FXCC Sep 12 2013

    Barroso calls for quick implementation of Eurozone banking union

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

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

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

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

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



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

    MARKET ANALYSIS - Intraday Analysis

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

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

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



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

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

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

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



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

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

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

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

  9. #79

    Default Forex Technical & Market Analysis FXCC Sep 13 2013

    Forex Technical & Market Analysis FXCC Sep 13 2013

    Countdown for QE taper fireworks is on!

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

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

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

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


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



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

    MARKET ANALYSIS - Intraday Analysis

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

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

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



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

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

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

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



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

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

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

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

  10. #80

    Default Forex Technical & Market Analysis FXCC Sep 16 2013

    Forex Technical & Market Analysis FXCC Sep 16 2013

    US and Russia outline diplomatic framework on Syria

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

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

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


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



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

    MARKET ANALYSIS - Intraday Analysis

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

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

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



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

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

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

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



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

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

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

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

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