| Aud/Usd 0.9200 Resistance Area
October 15, 2009 at 8:33 am
|
| | On the Aussie four hour chart, prices have traded higher, into the Fibonacci resistance area of a blue wave iv, where wave v is searching for the top. The blue wave v of a larger black wave V) should technically be completed soon, and a technical short turning point may... |
| The Yen Breaking Out
October 15, 2009 at 7:22 am
|
| | Yen prices have found support around the 88.80 area, which could be the low of wave B, as mentioned yesterday. Wave C may already be developing with a following break through the upper resistance line and 90.43 wave A top, which will put a new up-side target in play. The... |
| GBP/JPY Breaks above 100 EMA
October 15, 2009 at 3:52 am
|
| | After nearly 3 months of bearish trading, the GBP/JPY has made a strong positive breakout above the 100 EMA. After breaking above this critical level the pair has gained over 300 pips and could potentially signal the start of a new trend. The 100 ema is often a critical... |
| GBPUSD: Recovery Clears The 1.6124 Level
October 15, 2009 at 3:08 am
|
| | Momentum build up on the back of its two days of recovery saw GBP breaking through its key resistance standing at the 1.6124 level today (Sept 30'09 high). Maintaining those gains on a daily closing basis today should bring further strength towards its declining channel initiated from the 1.7041 level... |
| EURGBP: Collapses Through The 0.9299 Level
October 15, 2009 at 3:07 am
|
| | The cross continues to decline on its shooting star formation cutting through the 0.9299 level, its Sept 27'09 high and challenging the 0.9158 level, its Oct 08'09 low today. Further corrective declines look to be seen towards the 0.9076 level, its Sept 30'09 low with a violation of there targeting... |
| FX Thoughts for the Day
October 15, 2009 at 1:57 am
|
| | The Cable has risen sharply during the day breaking above the significant Resistance at the 8-week MA (1.6170) mentioned earlier thereby increasing the chances of a trend reversal now. If the current strength on its upmove continues, we might see further rise towards 1.6350-75 which is the next significant Resistance... |
| Technical Analysis Daily: USD/JPY
October 15, 2009 at 12:05 am
|
| | On Wednesday Dollar/Yen traded hesitantly, forming divergence on the 3 hour chart. The currency couple still shows ability to remain above 89.50. This may indicate that the bullish correctional mode is still not finished. On the 1 hour chart there is a formed upward triangle, and if quotes reach the... |
| Currency Technical Report
October 14, 2009 at 11:27 pm
|
| | Euro formed new tops, as it moved towards our targets at 1,4950-60 area. Dollar's sentiment remains negative. Commodities and equities moved to new highs and dollar is widely used for carry trade strategies. |
| Daily FX Report
October 14, 2009 at 11:11 pm
|
| | Since the beginning of October, the USD has been trading in a bearish trend channel against the CAD. During that time, the currency pair couldn`t leave the trend channel. Recently, the USD crossed its support. When it crossed its Pivot point in the trend channel, the supports aren't strong enough... |
| Euro Continues To Gain Due To Little Thrust On U.S. Dollar
October 14, 2009 at 10:40 pm
|
| | Goldman Sachs Group Inc. said the dollar is likely to extend drops against the euro and commodity- backed currencies over the coming six months, based on the greenback's correlation with cyclical assets and capital flows. The dollar will weaken to $1.55 versus the euro in three and six months, the... |
| Forex Technical Analysis
October 14, 2009 at 10:22 pm
|
| | EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4134 and 1.3523. |
| Technical Analysis Daily: GBP/USD
October 14, 2009 at 10:08 pm
|
| | Pound/Dollar could not continue the downward scenario yesterday and followed the Euro upwards. On the 3 hour chart after failing to hold under 1.5753, quotes rose sharply, taking over the key 1.6000 resistance, which is serious threat to descending outlook. Although it is too early to confirm the bullish scenario,... |
| Forex Technical Update
October 14, 2009 at 9:58 pm
|
| | Euro gained in yesterday's trading session as strong economic data pointed towards a healthy recovery. ECB President said that the Eurozone is recovering at a gradual pace and the European Central Bank (ECB) kept borrowing costs at a record low. The Euro thus gained in yesterday's trading session to close... |
| Forex Technical Analytics
October 14, 2009 at 9:07 pm
|
| | The pre-planned break-out variant for sales was implemented with the achievement of minimal estimated target. OsMA trend indicator having marked activity fall of both parties formally does not clarify the choice of planning priorities for today. But, considering the principle of probable preservation of the current tendency we can assume... |
| Daily Technical Outlook
October 14, 2009 at 8:50 pm
|
| | The rise continued and the euro currently trades into a fresh multi-month high territory - near the psychological barrier 1.5, also right on the upper band of the upward trend channel seen below. Short term sentiment is highly positive since breaking out past the 1.4750-1.4800 zone. The euro will probably... |
| FX Technical Analysis
October 14, 2009 at 8:40 pm
|
| | EURUSD Comment: Pushing relentlessly higher as the reluctant are dragged in kicking and screaming. It is of course just one of many currencies hitting a new high for the year against the US dollar. Yesterday's close above 1.4900 adds weight to our view that we have started the next leg... |
| Technical Analysis for Major Currencies
October 14, 2009 at 8:22 pm
|
| | The pair continues is consecutive intraday bullish movements that support the short term bullish wave, which mainly targets 1.5040. Momentum indicators are moving around overbought areas, where we expect it to continue ascending until the mentioned target before momentum indicators pressure the pair with negativity attempt a bearish correction that... |
| Technical Analysis for Crosses
October 14, 2009 at 8:18 pm
|
| | The pair is facing the bearish trend line of the daily time scale, while at the same time the GBP/JPY is forming a bearish harmonic AB=CD pattern on the four-hour chart with a completion areas around 144.15 -127% Fibonacci of AB leg. Hence, we see that the downtrend line will... |
| Forex and Dow Jones Recommended Levels
October 14, 2009 at 7:52 pm
|
| | EUR/USD Today's support: - 1.4888(main), where correction is possible. Break would give 1.4860, where correction also may be. Then follows 1.4833. Break of the latter would result in 1.4802. If a strong impulse, we would see 1.4779. Continuation will give 1.4753. |
| Foreign Exchange Market Commentary
October 14, 2009 at 7:44 pm
|
| | EUR/USD closed higher on Wednesday due to a weak dollar. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near-term. If it extends the decline off August's high, the 50% retracement... |
| Technical Analysis Daily: EUR/USD
October 14, 2009 at 7:40 pm
|
| | On Wednesday Euro/Dollar made an increasing movement, reaching a peak at 1.4945 on the DJIA going above 10,000, and closed the day at 1.4926. Although short term signals are expected upwards, medium term expectations are for neutral trading as the currency pair still moves under the key 1.5000 resistance. After... |
| The Daily Forecaster: AUDJPY
October 14, 2009 at 6:23 pm
|
| | The uptrend continues relentlessly and we now face the 82.59-63 resistance and possibly 83.01-25 for the next barriers. Momentum remains strong and until we get bearish divergences at key resistance levels we should retain a bullish stance. Take care at 82.59-62 -only above extends to the 83.01-25 area and quite... |
| Market Morning Briefing
October 14, 2009 at 5:46 pm
|
| | Everybody seems to be getting onto the Sell-Dollar trade now, which has some more room to go. Star performer Aussie (0.9214) has room to move up to 0.95. The Euro (1.4955) is breaking earlier resistance at 1.4925 and is within kissing distance of the big figure of 1.50. Dollar-Swiss (1.0130)... |
| FX Technical Commentary
October 14, 2009 at 4:51 pm
|
| | Euro 1.4945 Initial support at 1.4646 (Oct 6 low) followed by 1.4481 (Oct 2 low). Initial resistance is now located at 1.4980 (Aug 13 2008 high) followed by 1.500 (Psych Level) | | | 
| Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. | |
| (FED) Minutes of the Federal Open Market Committee,September 22-23, 2009
October 14, 2009 at 8:05 am
|
| | The Manager of the System Open Market Account reported on recent developments in domestic and foreign financial markets. The Manager also reported on System open market operations in Treasury securities, agency debt, and agency mortgage-backed securities (MBS) since the Committee's August 11-12 meeting. By unanimous vote, the Committee ratified those... | | |  |
|
| Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. | |
| Daily Technical Analysis
October 14, 2009 at 4:09 pm
|
| | The EURUSD continue it's bullish momentum yesterday, topped at 1.4946 and closed at 1.4933. On my daily chart below we can easily see that 1.4950 area is a very important resistance level, my final technical resistance to be tested before aim for 1.5300 even 1.6000 area. |
| EURGBP : Collapses On Shooting Star Formation
October 14, 2009 at 8:25 am
|
| | Having printed its highest price since Mar 27'09 early Tuesday, EURGBP backed off that level and traded lower to close at 0.9315 forming a shooting star candle (top reversal signal) on Tuesday. Although seen turning off its intra day low today, the mentioned candle formation is ominous of a halt... |
| USD/JPY Stagnant Following Uneventful BoJ Meeting
October 14, 2009 at 5:53 am
|
| | The BoJ's first monetary policy decision under the DPJ came and went with little reaction. The BoJ kept quiet concerning its QE plans, and appears to have learnt its lesson from the psychological impact of recent comments. In fact, the BoJ kept its monetary policy unchanged and didn't mention anything... |
| GBP/USD's Rally Tops Out after Eclipsing 1.60
October 14, 2009 at 5:52 am
|
| | The Cable's rally has finally topped out after the currency pair breached the highly psychological 1.60 level. Yesterday's pop on oversold conditions was extended today after Britain's CCC data printed a surprising decline. The improvement in unemployment led investors back to the Pound and the Sterling also logged solid gains... |
| EUR/USD Continues its Climb Towards 1.45
October 14, 2009 at 5:51 am
|
| | The EUR/USD has continued to climb beyond our 3rd tier downtrend line as we anticipated. As we mentioned in yesterday's analysis, we view the movement past our 3rd tier and September highs as a key development in regards to a new leg up for the currency pair. The EUR/USD is... |
| FX Thoughts for the Day
October 14, 2009 at 2:19 am
|
| | Cable has risen and faced Resistance in the region mentioned in the morning at 1.6020-65. Since it continues to test this Resistance and if successful in breaching past, this brief surge may be restricted to 1.6150 before it resumes its downtrend once again. However, the medium term picture is still... |
| Cable Daily Wave Count: Correction or Impulse
October 14, 2009 at 1:14 am
|
| | Cable broke through the 1.6111 low over the past weeks, which means that wave C) or a much lower wave III) is in progress. Recent prices have reached our target at the 38.2% Fibonacci retracement area, where the bounce from the wave IV lows on the long side may happen. |
| Technical Analysis Daily: USD/JPY
October 14, 2009 at 12:11 am
|
| | On Tuesday the upward adjustment of the Dollar/Yen stopped. The currency couple tried to rise, reaching a peak at 90.14, closing the day at 89.67. Immediate support is this morning's bottom at 88.85 level. The longer the Dollar is trading above this zone against the Yen, the opportunity for further... |
| Daily FX Report
October 13, 2009 at 11:39 pm
|
| | Since the middle of September, the GBP has been trading in a bearish trend against the CHF. During this time, the currency pair could always recover when it touched the bottom Bollinger Band and climbed up to the middle or even up to the upper Bollinger Band. Recently, the GBP... |
| Currency Technical Report
October 13, 2009 at 11:33 pm
|
| | Dollar is still under pressure, and as a result euro is moving to new tops, close to 1,4900 area, confirming our basic scenario. Next target should be at 1,5100 area or higher. After yesterday's tops, important resistance levels have been reached for the short term, as you can see in... |
| EURUSD: Strenghth Still Targeting The 1.4844 Level
October 13, 2009 at 11:22 pm
|
| | EURUSD: Strength for a retarget of the 1.4844 level remains in force following the pair's rally pushing to a higher close of 1.4788 on Monday. Although seen hesitating in early trading today, we still see risk towards the 1.4844 level with a loss of there resuming its MT uptrend towards... |
| USDJPY: Shooting Star Candle Halts Recovery
October 13, 2009 at 11:21 pm
|
| | USDJPY- The pair reversed its intra day gains and closed lower on Monday printing a shooting star candle(top reversal signal). With that seen, a follow through lower now seen is expected to confirm the efficacy of that candle pattern suggesting lower prices towards the 88.00 level where an invalidation will... |
| Forex Technical Analysis
October 13, 2009 at 11:18 pm
|
| | EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4134 and 1.3523. |
| Technical Analysis Daily: GBP/USD
October 13, 2009 at 10:02 pm
|
| | Pound/Dollar traded quieter on Tuesday. After reaching a peak at 1.5822, the Cable made a decreasing attempt, reaching a bottom at 1.5717, than rose sharply to 1.5940, closing the day at 1.5922. On the 1 hour chart the break of the important support 1.5717 was not convincing. Consistent trading under... |
| Forex Technical Update
October 13, 2009 at 9:43 pm
|
| | EURO failed to break the support of 1.4680 levels and regained fresh momentum from the 21 day EMA support. 1.48 levels remains the key support level for today we would watch any reaction around that area before being bullish again. Consistent movement below that area could be a potential threat... |
| Forex Technical Analytics
October 13, 2009 at 9:09 pm
|
| | The estimated test of key resistance range levels has not exactly been confirmed but the estimated rate fall marked sign of rate oversold, and this reduces probability of strong rate fall. Therefore, at the moment, considering the chosen strategy, we can assume probability of rate range movement period with the... |
| FX Technical Analysis
October 13, 2009 at 8:53 pm
|
| | EURUSD Comment: Just one of many currencies hitting a new high for the year against the Euro. Yesterday's close above 1.4800 suggests we have started the next leg of a long term rally; a weekly close above here would confirm. Bullish momentum is good though the Euro is overbought -... |
| Technical Analysis for Major Currencies
October 13, 2009 at 8:33 pm
|
| | The euro versus dollar rushed strongly to the upside, breaching the minor resistance levels at 1.4810; nearing the resistance level for the minor ascending channel at 1.4950, which structured the short term bullish wave towards its main target 1.5040. The moving average protects the upside direction strongly, while noticing momentum... |
| Technical Analysis for Crosses
October 13, 2009 at 8:30 pm
|
| | After the bullish move that took the GBP/JPY pair to place a temporary high at 143.10, the pair is facing the bearish trend line as seen on the provided daily chart, which may be able to force it to correct mildly towards the key support line of 140.30 before resuming... |
| Daily Technical Outlook
October 13, 2009 at 8:25 pm
|
| | After reaching a fresh high at 1.4875 on yesterday, the euro pulled back but has found buyers on the dip to 1.4805/10. Therefore, upside is under pressure now as the euro trades comfortably into the higher half of the 1.48 region. Intra-day support is formed by 1.4800/10 backed by an... |
| Foreign Exchange Market Commentary
October 13, 2009 at 7:34 pm
|
| | EUR/USD closed higher due to short covering on Tuesday as it consolidated some of Monday's decline. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near-term. If it extends the decline... |
| Technical Analysis Daily: EUR/USD
October 13, 2009 at 7:22 pm
|
| | On Tuesday Euro/Dollar continued the upward trend as expected up to 1.4870. On the 3 hour chart the currency pair tried to reach higher bed, climbing above the 1.4815 resistance level. The upward impulse was limited at 1.4871, closing the day at 1.4852. Our expectations are for rising European currency... |
| Forex and Dow Jones Recommended Levels
October 13, 2009 at 7:15 pm
|
| | EUR/USD Today's support: - 1.4833 and 1.4802(main), where correction is possible. Break would give 1.4779, where correction also may be. Then follows 1.4753. Break of the latter would result in 1.4730. If a strong impulse, we would see 1.4714. Continuation will give 1.4670 and 1.4626. |
| The Daily Forecaster: USDCAD
October 13, 2009 at 6:03 pm
|
| | Yesterday's pullback was very weak and I still feel the downside is going to extend further with the 1.0160-98 area being where we should be looking for a short term bounce for a correction. Only an earlier break back above 1.0324 would resurrect any chance of seeing a deeper correction... |
| Market Morning Briefing
October 13, 2009 at 5:59 pm
|
| | Dollar-revulsion seems to be getting more acute with Gold rising above 1060. The non-Dollar currencies remain stronger and are getting stronger still. The Euro (1.4880) is likely to test 1.4930, where it faces a short-term Resistance. The Aussie (0.9108) is the world's favourite currency at the moment and looks set... |
| Daily Technical Analysis
October 13, 2009 at 4:25 pm
|
| | The EURUSD continue it's bullish momentum yesterday, topped at 1.4874 and closed at 1.4851. As you might already know, 1.4850 - 1.4950 area is a very important area for me since I believe any reactions around that area determine whether we will continue the bullish at least towards 1.5300 even... |
| FX Technical Commentary
October 13, 2009 at 3:35 pm
|
| | Euro 1.4845 Initial support at 1.4646 (Oct 6 low) followed by 1.4481 (Oct 2 low). Initial resistance is now located at 1.4908 (Aug 22 high) followed by 1.4980 (August 13 '08 high) | | | 
| | |
