Forex Knowledge 28 FEB 2014 currency Report.
Friday, 28 February 2014
Thursday, 27 February 2014
Forex Knowledge 27 FEB 2014 currency Report.
Forex Knowledge 27 FEB 2014 currency Report.
EUR/USD
Risk reward: 2.06
Trend: Strong Down
Sell at 1.3690 SL 1.3722 TP 1.3624
USD/JPY
Risk reward: 1.41
Trend: Up
Buy at 102.32 SL 102.00 TP 102.77
GBP/USD
Risk reward: 2.34
Trend: Strong Down
Sell at 1.6672 SL 1.6704 TP 1.6597
USD/CHF
Risk reward: 1.97
Trend: Up
Buy at 0.8899 SL 0.8867 TP 0.8962
The current support/resistance levels are:
EUR/USD 1.3620, 1.3595, 1.3554 – 1.3760, 1.3785, 1.3826
USD/JPY 101.77, 101.60, 101.32 – 102.87, 103.04, 103.32
GBP/USD 1.6592, 1.6563, 1.6517 – 1.6752, 1.6781, 1.6827
USD/CHF 0.8828, 0.8804, 0.8765 – 0.8970, 0.8994, 0.9033
EUR/USD
Risk reward: 2.06
Trend: Strong Down
Sell at 1.3690 SL 1.3722 TP 1.3624
USD/JPY
Risk reward: 1.41
Trend: Up
Buy at 102.32 SL 102.00 TP 102.77
GBP/USD
Risk reward: 2.34
Trend: Strong Down
Sell at 1.6672 SL 1.6704 TP 1.6597
USD/CHF
Risk reward: 1.97
Trend: Up
Buy at 0.8899 SL 0.8867 TP 0.8962
The current support/resistance levels are:
EUR/USD 1.3620, 1.3595, 1.3554 – 1.3760, 1.3785, 1.3826
USD/JPY 101.77, 101.60, 101.32 – 102.87, 103.04, 103.32
GBP/USD 1.6592, 1.6563, 1.6517 – 1.6752, 1.6781, 1.6827
USD/CHF 0.8828, 0.8804, 0.8765 – 0.8970, 0.8994, 0.9033
Wednesday, 26 February 2014
Forex Knowledge 26 FEB 2014 currency Report.
Forex Knowledge 26 FEB 2014 currency Report.
The Dow (16179.66, 0.17%) has spent the last session to consolidate in a narrow and may well continue to grow toward the 16400. The Nikkei (15027.86,-0.16%) has also seen a very good increase, but may face resistance in the channel of the 15100-200 in the area. Shanghai (2027.31,-0.34%) trying to find support for the 2020-2050 below 15 after breaking out of our contrary to expectations. A strong bearish momentum might take it in 1985, now if the 2015 is not protected.
Dax (9699.35, 0.10%) has risen to the test, an important intermediate resistance. The rise of the past 9700 9800, if seen, would take the market toward 10,000.
Nifty (6200.05, + 0.23%) has got a bit though to keep the uptrend intact. It has become a 6190 6265-and the price action in the 6230-40 levels in the gap area and then the 6265 is assessed before taking a firm position in the medium term. The weakness can be set under the support of 6150-30.
COMMODITIES
Gold (1339.53) continues to be the subject of its rally in the coming weeks, when silver 1350-1400 (21.65) also headed up 22.5 to 23 but less momentum, which is marked by the Gold-Silver ratio (61.266). The relationship will grow in the next few weeks, targeting a 62.
Copper (3.2580) has risen a little bit, but everything that has ranged from nearly 3.25 levels. Big business is expected to now.
Brent (103.06) has come to a close and we may see some 110.8 ranged moves. Even though it is part of the support near the 108, it can recover in the longer term, again targeting 111 112.5. Need to watch a crucial 108 ceilings further direction.
Nymex WTI (101.87) is trading lower after the fall yesterday but varied. Drops below 101 would push prices up sharply towards the 99 and 98.5 98.0. You need to check if your near the 101 and 104 on the long term, helps to recover from towards. Gold-WTI in the relationship (13.1422) will grow and may target the 13.5-14, in the coming weeks, which could refer to the invoice, or ranged from the movement, even if gold continues to rise the WTI.
THE CURRENCIES OF THE
Just like the stock market, major currency pairs showing actions of a mute too almost unchanged.
The dollar index (80.44) has not managed to break above 80.40-45, which keeps the weak in the short-term and can push it towards the 80 79.90 once again. The strength of the set just above 79.54.
The Euro (1.3742) is stuck in the hints and 1.3685 1.775 mixed can be inside a little bit of time before the outbreak of and determine the next direction. The remaining more than 1.37, sharp rally but the break below the 1.3850 1.3685-75 remains the possibility to bring the weakness of the back.
Dollar-yen (117.66) is to strengthen the area of 101.75 102.75. Holding 99.17-70, it may try to rally in the short term, the intermediate 103.50 US-104 the downtrend remains. A break below the pace of returns to fall to 99.17 143.04.
Euro-Yen Cross (140.70), like most of the other currencies are rangebound between 140 and 141. It is a break above 141-142 goals and even to 139.19 142.98 143 is possible in this case. The weakness can restore a break below the 139-138.80.
Pound (1.6676) is a small correction in an uptrend now, which can extend 1.6540 1.65 1.66 support only if there is a violation of. It can reach the 1.69-1.7050 while the current correction is complete. 1.6470-80 until the Bills can buy into.
Aussie (0.8992) is a broad area of 0.91 0.89, and only this can give the breakout trends move in a clear direction.
Dollar-rupee (61.94) was very narrow. It will maintain a support area 47-70 to keep the possibility of a rally 62,40 alive. This is the second consecutive day of opening and closing very close which means a lot of hesitation and indecision on the downside.
INTEREST RATES
Yields have been falling worldwide.
US 10 Yr (2.71%) is starting to come out of the resistance in the region is the 2.73-2, 75 percent of the yield on the 10-5 Yr difference. (1.19%) is starting to fall. We can now see the 10 Yr consolidating sideways in the region and the objective of support almost 2.50%.
German 10 Yr (1.64%) is down 1.63% of the aid for trade area is 1.64%. Moving sideways across 1.65% 1.70% from the beginning of the month, it will now bounce test resistance around 2.00%. Germany and the United States (-0.21%) 2 Yr spread is a little 10 Yr spread (1.03%) is also on the up, but it still target support for the almost-1.12%.
Japan 10 Yr (0.57%) is on the way to our goal to support close 0.53-0.55% of which can be seen on the bounce is 0.60%. The United States and Japan, 10 Yr spread (2.12%) is also a, but it will still target the growing support almost 2.05% 2.20%.
India's 10 Yr India produces (8.87%) ranged from 9% down to between 8.75 8.85 per cent expect it to rise more than., 9.00%.
The Dow (16179.66, 0.17%) has spent the last session to consolidate in a narrow and may well continue to grow toward the 16400. The Nikkei (15027.86,-0.16%) has also seen a very good increase, but may face resistance in the channel of the 15100-200 in the area. Shanghai (2027.31,-0.34%) trying to find support for the 2020-2050 below 15 after breaking out of our contrary to expectations. A strong bearish momentum might take it in 1985, now if the 2015 is not protected.
Dax (9699.35, 0.10%) has risen to the test, an important intermediate resistance. The rise of the past 9700 9800, if seen, would take the market toward 10,000.
Nifty (6200.05, + 0.23%) has got a bit though to keep the uptrend intact. It has become a 6190 6265-and the price action in the 6230-40 levels in the gap area and then the 6265 is assessed before taking a firm position in the medium term. The weakness can be set under the support of 6150-30.
COMMODITIES
Gold (1339.53) continues to be the subject of its rally in the coming weeks, when silver 1350-1400 (21.65) also headed up 22.5 to 23 but less momentum, which is marked by the Gold-Silver ratio (61.266). The relationship will grow in the next few weeks, targeting a 62.
Copper (3.2580) has risen a little bit, but everything that has ranged from nearly 3.25 levels. Big business is expected to now.
Brent (103.06) has come to a close and we may see some 110.8 ranged moves. Even though it is part of the support near the 108, it can recover in the longer term, again targeting 111 112.5. Need to watch a crucial 108 ceilings further direction.
Nymex WTI (101.87) is trading lower after the fall yesterday but varied. Drops below 101 would push prices up sharply towards the 99 and 98.5 98.0. You need to check if your near the 101 and 104 on the long term, helps to recover from towards. Gold-WTI in the relationship (13.1422) will grow and may target the 13.5-14, in the coming weeks, which could refer to the invoice, or ranged from the movement, even if gold continues to rise the WTI.
THE CURRENCIES OF THE
Just like the stock market, major currency pairs showing actions of a mute too almost unchanged.
The dollar index (80.44) has not managed to break above 80.40-45, which keeps the weak in the short-term and can push it towards the 80 79.90 once again. The strength of the set just above 79.54.
The Euro (1.3742) is stuck in the hints and 1.3685 1.775 mixed can be inside a little bit of time before the outbreak of and determine the next direction. The remaining more than 1.37, sharp rally but the break below the 1.3850 1.3685-75 remains the possibility to bring the weakness of the back.
Dollar-yen (117.66) is to strengthen the area of 101.75 102.75. Holding 99.17-70, it may try to rally in the short term, the intermediate 103.50 US-104 the downtrend remains. A break below the pace of returns to fall to 99.17 143.04.
Euro-Yen Cross (140.70), like most of the other currencies are rangebound between 140 and 141. It is a break above 141-142 goals and even to 139.19 142.98 143 is possible in this case. The weakness can restore a break below the 139-138.80.
Pound (1.6676) is a small correction in an uptrend now, which can extend 1.6540 1.65 1.66 support only if there is a violation of. It can reach the 1.69-1.7050 while the current correction is complete. 1.6470-80 until the Bills can buy into.
Aussie (0.8992) is a broad area of 0.91 0.89, and only this can give the breakout trends move in a clear direction.
Dollar-rupee (61.94) was very narrow. It will maintain a support area 47-70 to keep the possibility of a rally 62,40 alive. This is the second consecutive day of opening and closing very close which means a lot of hesitation and indecision on the downside.
INTEREST RATES
Yields have been falling worldwide.
US 10 Yr (2.71%) is starting to come out of the resistance in the region is the 2.73-2, 75 percent of the yield on the 10-5 Yr difference. (1.19%) is starting to fall. We can now see the 10 Yr consolidating sideways in the region and the objective of support almost 2.50%.
German 10 Yr (1.64%) is down 1.63% of the aid for trade area is 1.64%. Moving sideways across 1.65% 1.70% from the beginning of the month, it will now bounce test resistance around 2.00%. Germany and the United States (-0.21%) 2 Yr spread is a little 10 Yr spread (1.03%) is also on the up, but it still target support for the almost-1.12%.
Japan 10 Yr (0.57%) is on the way to our goal to support close 0.53-0.55% of which can be seen on the bounce is 0.60%. The United States and Japan, 10 Yr spread (2.12%) is also a, but it will still target the growing support almost 2.05% 2.20%.
India's 10 Yr India produces (8.87%) ranged from 9% down to between 8.75 8.85 per cent expect it to rise more than., 9.00%.
Tuesday, 25 February 2014
Forex Knowledge 25 FEB 2014 currency Report.
Forex Knowledge 25 FEB 2014 currency Report.
The pound has fallen in the last week, as the United Kingdom, the unemployment rate has been a little bit of 7.2%, and the consumer price index in January was negative, indicating a slow start to the year despite the recovery.
The pound is set to after a busy day of the week as the GDP data will be out on Wednesday, which is expected to point toward a growing economy. The reservations are, however, is weaker, because the recent data. All other information is focused on the U.s. market movements later in the
The current technicals Show pound has begun to trend lower, after visiting the 1.68 mark. Bearish trend line is looking for an aggressive and can lead to a short-term reduction in the still, especially if the economic data is negative. The current resistance levels can be found at 1.6730, at 1.6806 and 1.6853; high resistance 1.6730. The support levels can be found at 1.6570, 1.6489 and 1.6344. Overall, market sentiment is bearish and is likely to remain the same, the RSI, signaling the push to lower sales in the market.
The yen consolidated the market might find last week without any clear trends in the direction of the lead to the USDJPY moved to strong support, resistance and Fibonacci levels. Overall the USDJPY rose slightly despite the play of market consolidation.
Next week begins to slow a pair, the unemployment rate in heavy trading Thursday will bring the Japanese will appear, as well as industrial production. After this Friday housing starts, which don't have as much impact as a batch of data will appear on Thursday. People trading the news would certainly draw attention on Thursday.
Looking at the technicals, to clearly see the Fibonacci is the role of market consolidation, and USDJPY are well aware of this and to Play off it. The current resistance can be found in the 102.790, 103.408 and 104.225; with 102.790 works hard in the resistance. Levels of support can be found at 100.198, 101.135 and 101.912; major support for the 101.135. In spite of the last invoice, last week in the direction of anything other than the late lead me to take a look at the progress in the region in a neutral way, USDJPY
The Dow (16207.14, + 0.64, + 103.84%) has risen well and may well continue to grow toward the 16400. The Nikkei (15053, + 216, + 1.46%) has also seen a very good increase, but may face resistance in the channel of the 15100-200 in the area. Shanghai (2078) is a perky support is 2050, when it has fallen sharply 2175 + last week. Expect a sideways consolidation range 2050-2150, again a little upward bias.
Dax (51.99, + 9708.94, + 0.54%) has risen to the test, an important intermediate resistance. The rise of the past 9700 9800, if seen, would take the market toward 10,000.
Nifty (6186) had risen also yesterday and looks like it could speed up towards the 6300 in the short term, if it could, again, to go towards the 6100. Even though we would have been better if we catch up to 6000 through Feb increases, we need to see a strong break prior to the examination of the 6300-400 bullish scenarios.
COMMODITIES
All in all, commodities are the short-term uptrend.
Gold (1333.74) has increased to 1340-50 and up to 15th in the long term. All in all, the uptrend.
Silver (21.85) appears to be growing at the end of the little shops. It can be applied to 22.50-23 supported close to 23.12 to keep in the near future.
Copper (3.2625), which will support larger 3.226 yesterday to 3.35. 3.25-3.20 to fall cannot do blank until it is reflected in the constant movements above 3.25. Stores will be able to continue to range of cells a few times in the 3.20-3.30 3.32 below.
Brent (140.82) has ranged from 110.8-108 and may continue as 133.52-30 below. But in a larger size can be allocated in the 133.52-112 in the next few weeks. Rising above 112 to 114 may not be possible.
Nymex WTI (130.72) has ranged from is important now, at the level of the 101.9 103.18. Despite the resistance near 103.18 keep it can move sideways 103.18-101, 5, sometimes, closing stocks, in addition to the 104.
THE CURRENCIES OF THE
The dollar index (80.21 General secondary) has not managed to break above 80.40-45, which keeps the weak in the short-term and can push it towards the 80 79.90 once again. The strength of the set just above 79.54.
The Euro (1.3733) is stuck in the area, and can be mixed with hints to 1.3685 1.775 inside for a little while before the outbreak and determine the next direction. The remaining more than 1.37, sharp rally but the break below the 1.3850 1.3685-75 remains the possibility to bring the weakness of the back.
Dollar-yen (98.93) strengthens the region all showed rises 101.75-102.75 weakness so far. Medium term downtrend force rally may face supply pressure is an old resistance area 103 103.50 us. A break below the pace of returns to fall to 99.17 143.04.
Euro-yen (140.98), like most of the other currencies are rangebound between 140 and 141. It is a break above 141-142 goals and even to 139.19 142.98 143 is possible in this case. The weakness can restore a break below the 139-138.80.
Pound (1.6663) is signaled for the next phase of a major uptrend has started again and now it is a small repair which can extend 1.6540 1.65 1.66 support only if there is a violation of. It can reach the 1.69-1.7050 while the current correction is complete. 1.6470-80 until the Bills can buy into.
Aussie (0.9019) managed to keep above 0.9050 and bounced 0.89 look. It has a wide range of 0.89 0.91 and just a breakout of this region can provide trends move in a clear direction.
Dollar-rupee (62.07) can open flat to negative near 62.00 62.05 today. Maintaining a 55.95-62, it tries to rise up towards a 62.02-22. But the break below the major support area, you can drag down to 61.95 47-70. The strength comes back just above the break 60.64-25. Dollar to rupee may have a wide variety of 60.25 62.70 in the next 2-3 weeks.
INTEREST RATES
US 10 Yr (2.74%) is currently trading in the resistance in the region is the 2.73-2, 75 percent of the yield on the 10-5 Yr difference. (1.19%) started to fall, we might see a 10 Yr consolidating sideways between 2.50%-3.00%.
German 10 Yr (1.68%) rose slightly yesterday, but it seems that it will be fixed sideways between 1.65% 1.70%. We are looking forward to rally resistance close to 2.00% if you can recover from the current level of support. Germany and the United States (-0.20%) 2 Yr spread remained stable and target the 0.10% 10 Yr spread (-1.07%) remained unchanged, the targeting of support to the nearly-1.12%.
Japan 10 Yr (0.59%) has remained unchanged. The General downtrend that target support close 0.53-0.55%. The United States and Japan, 10 Yr spread (2.14%) remained stable and there is full cooperation in relation to the USD and JPY. It will target the support almost 2.05% 2.20% of the stocks.
India's 10 Yr India produces (8.88%) rose up and broke more than 8.85% today. We look forward to keeping between 8.75%-9.00% now.
The pound has fallen in the last week, as the United Kingdom, the unemployment rate has been a little bit of 7.2%, and the consumer price index in January was negative, indicating a slow start to the year despite the recovery.
The pound is set to after a busy day of the week as the GDP data will be out on Wednesday, which is expected to point toward a growing economy. The reservations are, however, is weaker, because the recent data. All other information is focused on the U.s. market movements later in the
The current technicals Show pound has begun to trend lower, after visiting the 1.68 mark. Bearish trend line is looking for an aggressive and can lead to a short-term reduction in the still, especially if the economic data is negative. The current resistance levels can be found at 1.6730, at 1.6806 and 1.6853; high resistance 1.6730. The support levels can be found at 1.6570, 1.6489 and 1.6344. Overall, market sentiment is bearish and is likely to remain the same, the RSI, signaling the push to lower sales in the market.
The yen consolidated the market might find last week without any clear trends in the direction of the lead to the USDJPY moved to strong support, resistance and Fibonacci levels. Overall the USDJPY rose slightly despite the play of market consolidation.
Next week begins to slow a pair, the unemployment rate in heavy trading Thursday will bring the Japanese will appear, as well as industrial production. After this Friday housing starts, which don't have as much impact as a batch of data will appear on Thursday. People trading the news would certainly draw attention on Thursday.
Looking at the technicals, to clearly see the Fibonacci is the role of market consolidation, and USDJPY are well aware of this and to Play off it. The current resistance can be found in the 102.790, 103.408 and 104.225; with 102.790 works hard in the resistance. Levels of support can be found at 100.198, 101.135 and 101.912; major support for the 101.135. In spite of the last invoice, last week in the direction of anything other than the late lead me to take a look at the progress in the region in a neutral way, USDJPY
The Dow (16207.14, + 0.64, + 103.84%) has risen well and may well continue to grow toward the 16400. The Nikkei (15053, + 216, + 1.46%) has also seen a very good increase, but may face resistance in the channel of the 15100-200 in the area. Shanghai (2078) is a perky support is 2050, when it has fallen sharply 2175 + last week. Expect a sideways consolidation range 2050-2150, again a little upward bias.
Dax (51.99, + 9708.94, + 0.54%) has risen to the test, an important intermediate resistance. The rise of the past 9700 9800, if seen, would take the market toward 10,000.
Nifty (6186) had risen also yesterday and looks like it could speed up towards the 6300 in the short term, if it could, again, to go towards the 6100. Even though we would have been better if we catch up to 6000 through Feb increases, we need to see a strong break prior to the examination of the 6300-400 bullish scenarios.
COMMODITIES
All in all, commodities are the short-term uptrend.
Gold (1333.74) has increased to 1340-50 and up to 15th in the long term. All in all, the uptrend.
Silver (21.85) appears to be growing at the end of the little shops. It can be applied to 22.50-23 supported close to 23.12 to keep in the near future.
Copper (3.2625), which will support larger 3.226 yesterday to 3.35. 3.25-3.20 to fall cannot do blank until it is reflected in the constant movements above 3.25. Stores will be able to continue to range of cells a few times in the 3.20-3.30 3.32 below.
Brent (140.82) has ranged from 110.8-108 and may continue as 133.52-30 below. But in a larger size can be allocated in the 133.52-112 in the next few weeks. Rising above 112 to 114 may not be possible.
Nymex WTI (130.72) has ranged from is important now, at the level of the 101.9 103.18. Despite the resistance near 103.18 keep it can move sideways 103.18-101, 5, sometimes, closing stocks, in addition to the 104.
THE CURRENCIES OF THE
The dollar index (80.21 General secondary) has not managed to break above 80.40-45, which keeps the weak in the short-term and can push it towards the 80 79.90 once again. The strength of the set just above 79.54.
The Euro (1.3733) is stuck in the area, and can be mixed with hints to 1.3685 1.775 inside for a little while before the outbreak and determine the next direction. The remaining more than 1.37, sharp rally but the break below the 1.3850 1.3685-75 remains the possibility to bring the weakness of the back.
Dollar-yen (98.93) strengthens the region all showed rises 101.75-102.75 weakness so far. Medium term downtrend force rally may face supply pressure is an old resistance area 103 103.50 us. A break below the pace of returns to fall to 99.17 143.04.
Euro-yen (140.98), like most of the other currencies are rangebound between 140 and 141. It is a break above 141-142 goals and even to 139.19 142.98 143 is possible in this case. The weakness can restore a break below the 139-138.80.
Pound (1.6663) is signaled for the next phase of a major uptrend has started again and now it is a small repair which can extend 1.6540 1.65 1.66 support only if there is a violation of. It can reach the 1.69-1.7050 while the current correction is complete. 1.6470-80 until the Bills can buy into.
Aussie (0.9019) managed to keep above 0.9050 and bounced 0.89 look. It has a wide range of 0.89 0.91 and just a breakout of this region can provide trends move in a clear direction.
Dollar-rupee (62.07) can open flat to negative near 62.00 62.05 today. Maintaining a 55.95-62, it tries to rise up towards a 62.02-22. But the break below the major support area, you can drag down to 61.95 47-70. The strength comes back just above the break 60.64-25. Dollar to rupee may have a wide variety of 60.25 62.70 in the next 2-3 weeks.
INTEREST RATES
US 10 Yr (2.74%) is currently trading in the resistance in the region is the 2.73-2, 75 percent of the yield on the 10-5 Yr difference. (1.19%) started to fall, we might see a 10 Yr consolidating sideways between 2.50%-3.00%.
German 10 Yr (1.68%) rose slightly yesterday, but it seems that it will be fixed sideways between 1.65% 1.70%. We are looking forward to rally resistance close to 2.00% if you can recover from the current level of support. Germany and the United States (-0.20%) 2 Yr spread remained stable and target the 0.10% 10 Yr spread (-1.07%) remained unchanged, the targeting of support to the nearly-1.12%.
Japan 10 Yr (0.59%) has remained unchanged. The General downtrend that target support close 0.53-0.55%. The United States and Japan, 10 Yr spread (2.14%) remained stable and there is full cooperation in relation to the USD and JPY. It will target the support almost 2.05% 2.20% of the stocks.
India's 10 Yr India produces (8.88%) rose up and broke more than 8.85% today. We look forward to keeping between 8.75%-9.00% now.
Monday, 24 February 2014
Forex Knowledge 24 FEB 2014 currency Report.
Forex Knowledge 24 FEB 2014 currency Report.
EQUITIES
Dow (16103.30, -0.19%) is consolidating between 16000-240. With the uptrend intact, it may rise to test 16400 if manages to break above 16240. Staying below 16240, it may return to 15950-800 before rallying again.
Nikkei (14874.36, +0.06%) continues the Triangular pattern mentioned with ever decreasing moves as evident from the lack of follow through buying or selling on any direction. It may remain inside the broader range of 14000-15200 for a few sessions before any firm trending move.
Shanghai (2065.82, -2.27%) has opened below our strong support zone of 2120-2095 today and crashed to test the support zone of 2060-50. A failure to take any pause here may extend the fall to 2020 initially and then 2000-1985. All rallies are expected to face selling pressure now.
Dax (9656.95, +0.40%) must break above 9700-800 to resume the short term uptrend and reach 10000. Otherwise the consolidation between 9800 and 9500 may continue for some more time.
Nifty (6155.45, +1.05%) did not confirm the downtrend we were expecting yet and rallied. Now it may rise to 6190-6200 and the price action there and the next correction down will reveal the true strength behind the current rally. As mentioned before, Nifty must close above 6200 or at least fill the gap at 6190-6265 for us to consider the bullish scenarios.
COMMODITIES
Gold (1320.693) is ranged and is testing resistance near 1325 levels. It is in a strong uptrend since Jan14 (1182.35) and could see some profit taking in the near term. A break above 1325 would take it higher to 1340-50 and even 1400 in the longer run; else it could see some correction towards 1300.
Silver (21.605) remains ranged in the 21.98-21.3 region and is likely to continue so for some more time before rising towards 22.50-23 while support near 21.48 holds.
Gold/Silver Ratio (61.133) is consolidating sideways after the recent sharp drop. It may see some rise in the near term indicating strength in Silver.
Copper (3.2500) has dropped from resistance near 3.28-32. Movements may range within 3.20-3.32 for a few sessions while below 3.30, before it decides its further direction.
Brent (110.05) is trading a bit higher. While the crucial support zone of 108-109.8 holds, it could rise further towards 111.28-112 in the coming sessions.
Nymex WTI (102.46) is ranged for now. While resistance near 103.29 holds it could move sideways within 103.29-101.5 before rising further to 104.
CURRENCIES
Dollar Index (80.27) broke above 80.25 to reach our target of 80.40-45. To rally further towards 80.75-85, it must move and sustain above 80.45. Support comes at 80.25-20 now.
The Euro (1.3736) managed to break above the major resistance of 1.3750 but the expected bullish momentum is missing yet. Above 1.37, the possibility of a sharp rally to 1.3850 remains but a break below 1.3685-75 would bring the weakness back.
Dollar-Yen (102.39) is consolidating in the range of 101.75-102.75 with all rises showing weakness till now. With the medium term downtrend still in force, any rally may face supply pressure at the old resistance zone of 103-103.50. The bearish momentum will return on a break below 101.80-101.40.
The Euro-Yen Cross (140.60), like most other currencies, is rangebound between 140 and 141. It must break above 141-141.25 to reach our target of 142 and even142.70-143 is possible in that case. Weakness may return on a break below 139-138.80.
Pound (1.6635) has signaled the next phase of the major uptrend has resumed and now it is in a small correction now which may extend to 1.6540-1.65 only if breaks the support of 1.66. It may reach 1.69-1.7050 after the current correction finishes. All the dips till 1.6470-80 may be bought into.
Aussie (0.8955) is trading in a broad range of 0.89-0.91. Now only a breakout from this range may give a trending move with a clear direction. Holding 0.89 may produce a bounce to 0.91 again.
Dollar-Rupee (62.13) may open lower between 62.00-62.05 today. Contrary to our expectations, the correction has not ended at 62.15-10 and sustaining below 62.05, it may extend to 61.80-70 once again. Strength will be back only on a break above 62.20-25. Dollar Rupee may remain in a range of 61.40-62.70 for the next 2-3 weeks.
INTEREST RATES
The US 10Yr (2.73%) is struggling to break above the resistance at current levels. We may see it consolidating in a sideways range of 2.50%-3.00% for now.
The German 10Yr (1.66%) has seen a slight drop but is consolidating sideways in the range of 1.65%-1.70%. We may eventually see a bounce from the support near 1.62%-1.63%. The German-US 2Yr spread (-0.19%) has seen a bounce from the support near -0.28% (3-Feb-14) and can target -0.10%. The 10Yr spread (-1.06%) can target support near -1.12%.
The Japan 10Yr (0.59%) has remained unchanged. Moving sideways for now, it can target the support near 0.53%-0.55%. The US-Japan 10Yr spread (2.13%) is currently moving in line with the USD-JPY. It can target the support near 2.05% before rising to 2.20% from there.
The Indian 10Yr GOI yields (8.79%) is likely to maintain the range of 8.75%-8.85% for now.
EQUITIES
Dow (16103.30, -0.19%) is consolidating between 16000-240. With the uptrend intact, it may rise to test 16400 if manages to break above 16240. Staying below 16240, it may return to 15950-800 before rallying again.
Nikkei (14874.36, +0.06%) continues the Triangular pattern mentioned with ever decreasing moves as evident from the lack of follow through buying or selling on any direction. It may remain inside the broader range of 14000-15200 for a few sessions before any firm trending move.
Shanghai (2065.82, -2.27%) has opened below our strong support zone of 2120-2095 today and crashed to test the support zone of 2060-50. A failure to take any pause here may extend the fall to 2020 initially and then 2000-1985. All rallies are expected to face selling pressure now.
Dax (9656.95, +0.40%) must break above 9700-800 to resume the short term uptrend and reach 10000. Otherwise the consolidation between 9800 and 9500 may continue for some more time.
Nifty (6155.45, +1.05%) did not confirm the downtrend we were expecting yet and rallied. Now it may rise to 6190-6200 and the price action there and the next correction down will reveal the true strength behind the current rally. As mentioned before, Nifty must close above 6200 or at least fill the gap at 6190-6265 for us to consider the bullish scenarios.
COMMODITIES
Gold (1320.693) is ranged and is testing resistance near 1325 levels. It is in a strong uptrend since Jan14 (1182.35) and could see some profit taking in the near term. A break above 1325 would take it higher to 1340-50 and even 1400 in the longer run; else it could see some correction towards 1300.
Silver (21.605) remains ranged in the 21.98-21.3 region and is likely to continue so for some more time before rising towards 22.50-23 while support near 21.48 holds.
Gold/Silver Ratio (61.133) is consolidating sideways after the recent sharp drop. It may see some rise in the near term indicating strength in Silver.
Copper (3.2500) has dropped from resistance near 3.28-32. Movements may range within 3.20-3.32 for a few sessions while below 3.30, before it decides its further direction.
Brent (110.05) is trading a bit higher. While the crucial support zone of 108-109.8 holds, it could rise further towards 111.28-112 in the coming sessions.
Nymex WTI (102.46) is ranged for now. While resistance near 103.29 holds it could move sideways within 103.29-101.5 before rising further to 104.
CURRENCIES
Dollar Index (80.27) broke above 80.25 to reach our target of 80.40-45. To rally further towards 80.75-85, it must move and sustain above 80.45. Support comes at 80.25-20 now.
The Euro (1.3736) managed to break above the major resistance of 1.3750 but the expected bullish momentum is missing yet. Above 1.37, the possibility of a sharp rally to 1.3850 remains but a break below 1.3685-75 would bring the weakness back.
Dollar-Yen (102.39) is consolidating in the range of 101.75-102.75 with all rises showing weakness till now. With the medium term downtrend still in force, any rally may face supply pressure at the old resistance zone of 103-103.50. The bearish momentum will return on a break below 101.80-101.40.
The Euro-Yen Cross (140.60), like most other currencies, is rangebound between 140 and 141. It must break above 141-141.25 to reach our target of 142 and even142.70-143 is possible in that case. Weakness may return on a break below 139-138.80.
Pound (1.6635) has signaled the next phase of the major uptrend has resumed and now it is in a small correction now which may extend to 1.6540-1.65 only if breaks the support of 1.66. It may reach 1.69-1.7050 after the current correction finishes. All the dips till 1.6470-80 may be bought into.
Aussie (0.8955) is trading in a broad range of 0.89-0.91. Now only a breakout from this range may give a trending move with a clear direction. Holding 0.89 may produce a bounce to 0.91 again.
Dollar-Rupee (62.13) may open lower between 62.00-62.05 today. Contrary to our expectations, the correction has not ended at 62.15-10 and sustaining below 62.05, it may extend to 61.80-70 once again. Strength will be back only on a break above 62.20-25. Dollar Rupee may remain in a range of 61.40-62.70 for the next 2-3 weeks.
INTEREST RATES
The US 10Yr (2.73%) is struggling to break above the resistance at current levels. We may see it consolidating in a sideways range of 2.50%-3.00% for now.
The German 10Yr (1.66%) has seen a slight drop but is consolidating sideways in the range of 1.65%-1.70%. We may eventually see a bounce from the support near 1.62%-1.63%. The German-US 2Yr spread (-0.19%) has seen a bounce from the support near -0.28% (3-Feb-14) and can target -0.10%. The 10Yr spread (-1.06%) can target support near -1.12%.
The Japan 10Yr (0.59%) has remained unchanged. Moving sideways for now, it can target the support near 0.53%-0.55%. The US-Japan 10Yr spread (2.13%) is currently moving in line with the USD-JPY. It can target the support near 2.05% before rising to 2.20% from there.
The Indian 10Yr GOI yields (8.79%) is likely to maintain the range of 8.75%-8.85% for now.
Friday, 21 February 2014
Forex Knowledge 21 FEB 2014 currency Report.
Forex Knowledge 21 FEB 2014 currency Report.
EQUITIES
Dow (16133.23, +0.58%) has bounced after the reaction from our resistance area of 16200-240. Today session should give us the clarity if the bounce is corrective or not. If corrective, this reaction may extend to 15950-800 until it moves above 16240.
Nikkei (14738.10, +2.00%) is creating a Triangular pattern with ever decreasing moves as evident from the lack of follow through selling below the support of 14470. A breakout from this contracting range between 14900 on the upside and 14350-300 may give a trending move.
Shanghai (2120.83, -0.84%) came down sharply to negate the uptrend for now and get in the consolidation mode as expected. It is now testing the strong support zone of 2120-2095 and only below this area, serious weakness may emerge.
Dax (9618.85, -0.43%) opened with a big gap to reach our target of 9500 and bounced to recover most of the losses. But it must break above 9700-800 to resume the uptrend. Otherwise the consolidation between 9800 and 9500 may continue for some more time.
Nifty (6091.45, -1.00%) came down towards our target of 6080 to confirm a correction and potentially a resumption of the medium term downtrend. Today, the weekly trend will be confirmed and we will keep a sharp watch at the price action initially at 6075-70 and then 6050-40 to gauge the extent of this drop.
COMMODITIES
Gold (1319.73) rose a bit but came off from resistance near 1325 and is currently trading lower while this holds. A break above 1325 would take it higher to 1340. But below 1325, it could move sideways for a few sessions.
Silver (21.719) has been ranged this week in the 21.97-21.3 region after the sharp rise from 20.45 and may continue so for some time before signaling further direction.
Copper (3.2830) remains ranged for now. We may see movements within the broad 3.20-3.32 region for a few sessions. No major move is expected.
Brent (110.31) has been ranged for the last 3-sessions. It is taking a pause before resuming its rise towards 111. The target of 111.28-112 could be met in the longer term.
Nymex WTI (102.56) is trading a bit low while resistance near 103.29 holds but is in an overall uptrend. It may be ranged for sometime in the 101.5-103 regions before resuming its rally to 104.
CURRENCIES
Dollar Index (80.31) broke above 80.25 to reach our target of 80.40-45. To rally further towards 80.75-85, it must move and sustain above 80.45. Support comes at 80.25-20 now.
The Euro (1.3718) managed to break above the major resistance of 1.3750 but the expected bullish momentum is missing yet. Above 1.37, the possibility of a sharp rally still exists but a break below 1.3685-75 would bring the weakness back.
Dollar-Yen (102.46) is moving in the range of 101.75-102.75 this week. With the medium term downtrend still in force, any rally may face supply pressure at the old resistance zone of 103.50. The bearish momentum will return on a break below 101.40.
The Euro-Yen Cross (140.57), like most other currencies, is rangebound between 140 and 141. It must break above 141-141.25 to reach our target of 142 and even142.70-143 is possible in that case. Weakness may return on a break below 139-138.80.
Pound (1.6657) has signaled the next phase of the major uptrend has resumed and now it is in a small correction now which may extend to 1.6540-1.65 only if breaks the support of 1.66. It may reach 1.69-1.7050 after the current correction finishes. All the dips till 1.6470-80 may be bought into.
Aussie (0.8989) is trading in a broad range of 0.89-0.91. Now only a breakout from this range may give a trending move with a clear direction.
Dollar-Rupee (62.23) may open flat to negative near 62.18-20 today. It didn? manage to break above the old supply zone of 62.45-50 and came down to test our support of 62.25-20. There is a possibility of the current correction ending at 62.15-10. The price action there may determine the next direction while remaining inside the effective range of 61.70-62.50 built over the last few sessions.
INTEREST RATES
The US 10Yr (2.75%) is struggling to break above the resistance at current levels. The 10-5Yr yield differential (1.21%) has seen a slight drop. The 10Yr has to break above the current resistance at 2.75% in order to target 3.00%.
The UK 10Yr (2.80%) and the German 10Yr (1.69%) have seen a rise. The UK 10Yr still trading below the resistance and a move past the resistance can take it to 3.00%. The German 10Yr is trading just above the support, a bounce from here and we may see it go up to 2.00%.
The Japan 10Yr (0.59%) has remained stable. It is in a long term downtrend and can target the support near 0.53%-0.55%. The US-Japan 10Yr spread (2.16%) has dropped further to near our target of 2.20%.
The Indian 10Yr GOI yields (8.79%) rose slightly but is likely to maintain the range of 8.75%-8.85% for now.
EQUITIES
Dow (16133.23, +0.58%) has bounced after the reaction from our resistance area of 16200-240. Today session should give us the clarity if the bounce is corrective or not. If corrective, this reaction may extend to 15950-800 until it moves above 16240.
Nikkei (14738.10, +2.00%) is creating a Triangular pattern with ever decreasing moves as evident from the lack of follow through selling below the support of 14470. A breakout from this contracting range between 14900 on the upside and 14350-300 may give a trending move.
Shanghai (2120.83, -0.84%) came down sharply to negate the uptrend for now and get in the consolidation mode as expected. It is now testing the strong support zone of 2120-2095 and only below this area, serious weakness may emerge.
Dax (9618.85, -0.43%) opened with a big gap to reach our target of 9500 and bounced to recover most of the losses. But it must break above 9700-800 to resume the uptrend. Otherwise the consolidation between 9800 and 9500 may continue for some more time.
Nifty (6091.45, -1.00%) came down towards our target of 6080 to confirm a correction and potentially a resumption of the medium term downtrend. Today, the weekly trend will be confirmed and we will keep a sharp watch at the price action initially at 6075-70 and then 6050-40 to gauge the extent of this drop.
COMMODITIES
Gold (1319.73) rose a bit but came off from resistance near 1325 and is currently trading lower while this holds. A break above 1325 would take it higher to 1340. But below 1325, it could move sideways for a few sessions.
Silver (21.719) has been ranged this week in the 21.97-21.3 region after the sharp rise from 20.45 and may continue so for some time before signaling further direction.
Copper (3.2830) remains ranged for now. We may see movements within the broad 3.20-3.32 region for a few sessions. No major move is expected.
Brent (110.31) has been ranged for the last 3-sessions. It is taking a pause before resuming its rise towards 111. The target of 111.28-112 could be met in the longer term.
Nymex WTI (102.56) is trading a bit low while resistance near 103.29 holds but is in an overall uptrend. It may be ranged for sometime in the 101.5-103 regions before resuming its rally to 104.
CURRENCIES
Dollar Index (80.31) broke above 80.25 to reach our target of 80.40-45. To rally further towards 80.75-85, it must move and sustain above 80.45. Support comes at 80.25-20 now.
The Euro (1.3718) managed to break above the major resistance of 1.3750 but the expected bullish momentum is missing yet. Above 1.37, the possibility of a sharp rally still exists but a break below 1.3685-75 would bring the weakness back.
Dollar-Yen (102.46) is moving in the range of 101.75-102.75 this week. With the medium term downtrend still in force, any rally may face supply pressure at the old resistance zone of 103.50. The bearish momentum will return on a break below 101.40.
The Euro-Yen Cross (140.57), like most other currencies, is rangebound between 140 and 141. It must break above 141-141.25 to reach our target of 142 and even142.70-143 is possible in that case. Weakness may return on a break below 139-138.80.
Pound (1.6657) has signaled the next phase of the major uptrend has resumed and now it is in a small correction now which may extend to 1.6540-1.65 only if breaks the support of 1.66. It may reach 1.69-1.7050 after the current correction finishes. All the dips till 1.6470-80 may be bought into.
Aussie (0.8989) is trading in a broad range of 0.89-0.91. Now only a breakout from this range may give a trending move with a clear direction.
Dollar-Rupee (62.23) may open flat to negative near 62.18-20 today. It didn? manage to break above the old supply zone of 62.45-50 and came down to test our support of 62.25-20. There is a possibility of the current correction ending at 62.15-10. The price action there may determine the next direction while remaining inside the effective range of 61.70-62.50 built over the last few sessions.
INTEREST RATES
The US 10Yr (2.75%) is struggling to break above the resistance at current levels. The 10-5Yr yield differential (1.21%) has seen a slight drop. The 10Yr has to break above the current resistance at 2.75% in order to target 3.00%.
The UK 10Yr (2.80%) and the German 10Yr (1.69%) have seen a rise. The UK 10Yr still trading below the resistance and a move past the resistance can take it to 3.00%. The German 10Yr is trading just above the support, a bounce from here and we may see it go up to 2.00%.
The Japan 10Yr (0.59%) has remained stable. It is in a long term downtrend and can target the support near 0.53%-0.55%. The US-Japan 10Yr spread (2.16%) has dropped further to near our target of 2.20%.
The Indian 10Yr GOI yields (8.79%) rose slightly but is likely to maintain the range of 8.75%-8.85% for now.
Thursday, 20 February 2014
Forex Knowledge 20 FEB 2014 currency Report.
Forex Knowledge 20 FEB 2014 currency Report.
The Dow (16040.56,-0.57) has responded to our region's resistance to the 16,200-240 fully expect structural aid. This reaction can extend 15950-800 until it moves above 16240.
The Nikkei (14524.83,-1.64%) will not be able to extract more than we are opposed and will react if 14,900 14470 aid is to be considered as the Bulls. Otherwise, we may see a decline towards 14300-200 below the new low is possible. The strength of the back just above the 14,900.
Shanghai (2150.50, + 0.37%) broke over our resistance to 2120-30 to reach our target area 2165-85. It can strengthen this area again has the uptrend intact above-2125.
Dax (9660.05, + 0.00%) is in the vicinity of life with plenty of 9700-800 overbought, which can produce a correction toward a 9,500-450.
Nifty (6152.75, + 0.42%) can open up a clearly lower yesterday. It has been mentioned before, although this is not yet reflected the weakness of the current rally, lack of drive, and there are several overhead resistances 6140 6190, paragraph 50 of the band to keep the bulls in danger. 6125 weakness below may be pronounced and a break below the 6080-50 may signal a reversal.
COMMODITIES
Commodities are all trading lower after coming off a decisive resistance.
Gold (1310.75) trade above support near 1310.35 and failure to recover at this level can push prices down to 1300-1295; otherwise, it may rise towards 1340.
Silver (21.439) also trading lower resistance near 22 applies very well now. There may be opportunities to bounce towards the 23 although 21.78; otherwise you will miss the May 20 May.
Copper (3.2655) is trading lower after the rejection resistance at 3.32 we may see a broad movement a few times in the 3.20-3.32 now.
Brent 110.82 (109.92) became the intraday high and test support near 107.87 now. The failure to recover would be 109.35. But in the long term, the goal is still bullish.
Nymex WTI (82.99) fell in the also important resistance close to 103.18. It may be in the area for the sometimes-101.5-103, before continuing its rally to 104.
THE CURRENCIES OF THE
The dollar index (80.1330) is stuck in the last 25-80, 79.90 4 sessions. Head to the next, can only come over to this area. Break the upside-down may 80.40-45 and a downside break can show us 79.70-60.
EUR (1.3749) managed to break over a high resistance, which can rally towards the 1.3850 1.3750-1.39. Bullish momentum will remain unchanged as long as it stays over the 1.37-1.3750.
Dollar-yen (101.96) moves in the area of 101.75 102.75 this week. Medium term downtrend force rally may face supply pressure is an old resistance area 103.50 us. A break below the pace of returns to fall to 143.04.
Euro-Yen Cross (2,140.20), like most of the other currencies are rangebound between 140 and 141. It is a break with the first goal and to reach 141-142, 141.92 even 142.54-143 is possible in this case. It has recovered a significant monthly trendline support 136.20 produces a sharp rally.
Pound (1.6672) is signaled for the next phase of a major uptrend has started again and now it is a small correction after reaching the first objective 1.6750. It can reach the 1.69-1.7050 while the current correction is complete. 1.6470-80 until the Bills can buy into.
Aussie (0.8942) testing in support of 0.8925-0, 89 now, when it does not have to break above 0.91. Strength was suspect, as mentioned above, and now the break below 0.89 to 0.8830-0.8730.
Dollar-rupee (60.64) may open higher close 62.51-35 today. The rallies will take much less time compared to the drops, which were to begin to understand the power of rising above 60.83 and then 62.50 undertone. Until the breakout above the 60.83 occurs gradually drop towards the 62 still in the cards.
INTEREST RATES
US 10 Yr (2.71%), the UK 10 Yr (2.73%), and German 10 Yr (1.66%) remained stable. The United States and the United Kingdom on 10 trading a little below 10v the German resistors when the above support at the current level of Yr. We see that the yield curve is getting steeper in all three countries is 10-5 in a year in the United States, Germany (1.23%), differential (1.0066%) and the UK (1.11%) indicates a rise. We look forward to the 10 yr yields to rise.
Japan 10 Yr (0.60%) remained unchanged. It will target support to close 0.53-0.55%. The United States and Japan, 10 Yr spread (2.12%) is down and the target of 2.20%.
Indian markets were closed yesterday. We look forward to the 10 Yr yields in India (8.77%) 8.75 8.85%-% maintains different now.
The Dow (16040.56,-0.57) has responded to our region's resistance to the 16,200-240 fully expect structural aid. This reaction can extend 15950-800 until it moves above 16240.
The Nikkei (14524.83,-1.64%) will not be able to extract more than we are opposed and will react if 14,900 14470 aid is to be considered as the Bulls. Otherwise, we may see a decline towards 14300-200 below the new low is possible. The strength of the back just above the 14,900.
Shanghai (2150.50, + 0.37%) broke over our resistance to 2120-30 to reach our target area 2165-85. It can strengthen this area again has the uptrend intact above-2125.
Dax (9660.05, + 0.00%) is in the vicinity of life with plenty of 9700-800 overbought, which can produce a correction toward a 9,500-450.
Nifty (6152.75, + 0.42%) can open up a clearly lower yesterday. It has been mentioned before, although this is not yet reflected the weakness of the current rally, lack of drive, and there are several overhead resistances 6140 6190, paragraph 50 of the band to keep the bulls in danger. 6125 weakness below may be pronounced and a break below the 6080-50 may signal a reversal.
COMMODITIES
Commodities are all trading lower after coming off a decisive resistance.
Gold (1310.75) trade above support near 1310.35 and failure to recover at this level can push prices down to 1300-1295; otherwise, it may rise towards 1340.
Silver (21.439) also trading lower resistance near 22 applies very well now. There may be opportunities to bounce towards the 23 although 21.78; otherwise you will miss the May 20 May.
Copper (3.2655) is trading lower after the rejection resistance at 3.32 we may see a broad movement a few times in the 3.20-3.32 now.
Brent 110.82 (109.92) became the intraday high and test support near 107.87 now. The failure to recover would be 109.35. But in the long term, the goal is still bullish.
Nymex WTI (82.99) fell in the also important resistance close to 103.18. It may be in the area for the sometimes-101.5-103, before continuing its rally to 104.
THE CURRENCIES OF THE
The dollar index (80.1330) is stuck in the last 25-80, 79.90 4 sessions. Head to the next, can only come over to this area. Break the upside-down may 80.40-45 and a downside break can show us 79.70-60.
EUR (1.3749) managed to break over a high resistance, which can rally towards the 1.3850 1.3750-1.39. Bullish momentum will remain unchanged as long as it stays over the 1.37-1.3750.
Dollar-yen (101.96) moves in the area of 101.75 102.75 this week. Medium term downtrend force rally may face supply pressure is an old resistance area 103.50 us. A break below the pace of returns to fall to 143.04.
Euro-Yen Cross (2,140.20), like most of the other currencies are rangebound between 140 and 141. It is a break with the first goal and to reach 141-142, 141.92 even 142.54-143 is possible in this case. It has recovered a significant monthly trendline support 136.20 produces a sharp rally.
Pound (1.6672) is signaled for the next phase of a major uptrend has started again and now it is a small correction after reaching the first objective 1.6750. It can reach the 1.69-1.7050 while the current correction is complete. 1.6470-80 until the Bills can buy into.
Aussie (0.8942) testing in support of 0.8925-0, 89 now, when it does not have to break above 0.91. Strength was suspect, as mentioned above, and now the break below 0.89 to 0.8830-0.8730.
Dollar-rupee (60.64) may open higher close 62.51-35 today. The rallies will take much less time compared to the drops, which were to begin to understand the power of rising above 60.83 and then 62.50 undertone. Until the breakout above the 60.83 occurs gradually drop towards the 62 still in the cards.
INTEREST RATES
US 10 Yr (2.71%), the UK 10 Yr (2.73%), and German 10 Yr (1.66%) remained stable. The United States and the United Kingdom on 10 trading a little below 10v the German resistors when the above support at the current level of Yr. We see that the yield curve is getting steeper in all three countries is 10-5 in a year in the United States, Germany (1.23%), differential (1.0066%) and the UK (1.11%) indicates a rise. We look forward to the 10 yr yields to rise.
Japan 10 Yr (0.60%) remained unchanged. It will target support to close 0.53-0.55%. The United States and Japan, 10 Yr spread (2.12%) is down and the target of 2.20%.
Indian markets were closed yesterday. We look forward to the 10 Yr yields in India (8.77%) 8.75 8.85%-% maintains different now.
Wednesday, 19 February 2014
Forex Knowledge 19 FEB 2014 currency Report.
Forex Knowledge 19 FEB 2014 currency Report.
The Dow (16130.40-0.15) in the vicinity of resistance in the 16100-200 the uptrend intact. It is possible the reaction at the current level until the 16,200-240 has been removed.
The Nikkei (0.68%) have achieved a goal, 14742.36-14,700 14,900 and rallied the old resistance area, which it may extend to the 15100-200 largest now. Soft reset below 14200.
Shanghai (2120.11, + 0.05%) is struggling to close our resistance to 2120-30 above that can rally towards 2165-85. The bears may attempt to once again push the 2120-30.
Dax (9659.78, + 0.03%) has been steadily gaining on a higher level and keep the uptrend intact, can be up to 9800-900 next.
Nifty (0.89%) have achieved our goal of 6127.10, + second, 6140 and close near the highs. Although this vulnerability does not appear in the current rally, yet the lack of drive and there are several overhead resistances 6140 6190, paragraph 50 of the band to keep the bulls in danger.
COMMODITIES
Oil markets shot up fuel demand has grown in the US and the lists decreased Cushing and Oklahoma when we see a break in the precious metals now.
Gold (1318.5) is from 1332 on the level and was trading slightly lower. Just above the 1325, we can expect new growth opportunities to fall towards the other 1400 1350-1295 cannot do blank.
Silver (21.761) is interrupted after the recent sharp rise and may be stable for a few times. The above can be applied 23.12, 23. All in all it is a short-term uptrend.
Copper (3.2840) remains stable. Please note that it is testing the resistance on a daily basis, and if this is a must see a little downward movement before again growing towards the 3.30-3.35.
Brent (110.19), and Nymex WTI (101.76) saw a sharp inside the short-term uptrend and may be the target of 111 and 103-104 No. 1682/2004 in the coming weeks. However, there may be a moment before continuing its upward rally.
THE CURRENCIES OF THE
The dollar index (79.98) lack of strength was mentioned repeatedly and it has dropped 79.95. It was just our resistance to 80.25-30 range, which is broken up by the character, strength, or otherwise it can move towards peaking 79,60-70.
EUR (1.3764) managed to break over a high resistance 1.3750, which it can rally quickly towards the 1.3850-1.39. Bullish momentum will remain unchanged as long as it stays over the 1.37-1.3750.
Dollar-yen (102.26) gave a sudden spike up again before weakening and to get to 169.51 warned. Medium term downtrend force rally may face supply pressure is an old resistance area 103.50 us. A break below the pace of returns to fall to 143.04.
Euro-yen (140.70) 140.40 to cross broke above 141 so far. It will be able to achieve our goal to keep up with more than 142 and 143 142.98 173.27 even is possible. It has recovered a significant monthly trendline support 136.20 produces a sharp rally.
Pound (1.6682) is signaled for the next phase of a major uptrend has started again and now it is a small correction after reaching the first objective 1.6750. It can reach the 1.69-1.7050 while the current correction is complete. 1.6470-80 until the Bills can buy into.
Aussie (0.9005) is close to our great resistance to 0.91 in accordance with the levels we are again bouncing 0.8925 positive bias, but the strength is suspect until the 0.91 has broken down before. Below, you can get to 0.8830 0.8925 0.89 0.8730.
Dollar-rupee (60.64) closed. The rallies will take much less time compared to the drops, which were to begin to understand the power of rising above 60.83 and then 62.50 undertone. Until the breakout above the 60.83 occurs gradually drop towards the 62 still in the cards.
INTEREST RATES
Interest rates have been falling worldwide.
US10Yr (2.71%) and UK10Yr (2.74%) have come down to just below the resistors near the 2.75% and 2.80% respectively. German 10 Yr (1.67%) dipped a little bit, but not stable now. We see that the yield curve is getting steeper in all three countries is 10-5 in a year in the United States, Germany (1.23%), differential (1.0122%) and the UK (1.10%) indicates a rise. We look forward to the 10 yr yields to rise.
Japan 10 Yr (0.60%) remained unchanged FROM the BOJ monetary policy decision today. We may see it target support close 0.53-0.55%. The United States and Japan, 10 Yr spread (2.10%) is stable, and the target of 2.20%.
India's 10 Yr India (8.77%) weakened the rupee weakened 60.64. We look forward to the 10 Yr to maintain different 8.75 8.85%-% now.
The Dow (16130.40-0.15) in the vicinity of resistance in the 16100-200 the uptrend intact. It is possible the reaction at the current level until the 16,200-240 has been removed.
The Nikkei (0.68%) have achieved a goal, 14742.36-14,700 14,900 and rallied the old resistance area, which it may extend to the 15100-200 largest now. Soft reset below 14200.
Shanghai (2120.11, + 0.05%) is struggling to close our resistance to 2120-30 above that can rally towards 2165-85. The bears may attempt to once again push the 2120-30.
Dax (9659.78, + 0.03%) has been steadily gaining on a higher level and keep the uptrend intact, can be up to 9800-900 next.
Nifty (0.89%) have achieved our goal of 6127.10, + second, 6140 and close near the highs. Although this vulnerability does not appear in the current rally, yet the lack of drive and there are several overhead resistances 6140 6190, paragraph 50 of the band to keep the bulls in danger.
COMMODITIES
Oil markets shot up fuel demand has grown in the US and the lists decreased Cushing and Oklahoma when we see a break in the precious metals now.
Gold (1318.5) is from 1332 on the level and was trading slightly lower. Just above the 1325, we can expect new growth opportunities to fall towards the other 1400 1350-1295 cannot do blank.
Silver (21.761) is interrupted after the recent sharp rise and may be stable for a few times. The above can be applied 23.12, 23. All in all it is a short-term uptrend.
Copper (3.2840) remains stable. Please note that it is testing the resistance on a daily basis, and if this is a must see a little downward movement before again growing towards the 3.30-3.35.
Brent (110.19), and Nymex WTI (101.76) saw a sharp inside the short-term uptrend and may be the target of 111 and 103-104 No. 1682/2004 in the coming weeks. However, there may be a moment before continuing its upward rally.
THE CURRENCIES OF THE
The dollar index (79.98) lack of strength was mentioned repeatedly and it has dropped 79.95. It was just our resistance to 80.25-30 range, which is broken up by the character, strength, or otherwise it can move towards peaking 79,60-70.
EUR (1.3764) managed to break over a high resistance 1.3750, which it can rally quickly towards the 1.3850-1.39. Bullish momentum will remain unchanged as long as it stays over the 1.37-1.3750.
Dollar-yen (102.26) gave a sudden spike up again before weakening and to get to 169.51 warned. Medium term downtrend force rally may face supply pressure is an old resistance area 103.50 us. A break below the pace of returns to fall to 143.04.
Euro-yen (140.70) 140.40 to cross broke above 141 so far. It will be able to achieve our goal to keep up with more than 142 and 143 142.98 173.27 even is possible. It has recovered a significant monthly trendline support 136.20 produces a sharp rally.
Pound (1.6682) is signaled for the next phase of a major uptrend has started again and now it is a small correction after reaching the first objective 1.6750. It can reach the 1.69-1.7050 while the current correction is complete. 1.6470-80 until the Bills can buy into.
Aussie (0.9005) is close to our great resistance to 0.91 in accordance with the levels we are again bouncing 0.8925 positive bias, but the strength is suspect until the 0.91 has broken down before. Below, you can get to 0.8830 0.8925 0.89 0.8730.
Dollar-rupee (60.64) closed. The rallies will take much less time compared to the drops, which were to begin to understand the power of rising above 60.83 and then 62.50 undertone. Until the breakout above the 60.83 occurs gradually drop towards the 62 still in the cards.
INTEREST RATES
Interest rates have been falling worldwide.
US10Yr (2.71%) and UK10Yr (2.74%) have come down to just below the resistors near the 2.75% and 2.80% respectively. German 10 Yr (1.67%) dipped a little bit, but not stable now. We see that the yield curve is getting steeper in all three countries is 10-5 in a year in the United States, Germany (1.23%), differential (1.0122%) and the UK (1.10%) indicates a rise. We look forward to the 10 yr yields to rise.
Japan 10 Yr (0.60%) remained unchanged FROM the BOJ monetary policy decision today. We may see it target support close 0.53-0.55%. The United States and Japan, 10 Yr spread (2.10%) is stable, and the target of 2.20%.
India's 10 Yr India (8.77%) weakened the rupee weakened 60.64. We look forward to the 10 Yr to maintain different 8.75 8.85%-% now.
Tuesday, 18 February 2014
Forex Knowledge 18 FEB 2014 currency Report.
Forex Knowledge 18 FEB 2014 currency Report.
EQUITIES
The US market was closed yesterday and most if not all the markets traded absolutely flat resulting in almost no change in the views.
Dow (16154.39, +0.79%) is testing our resistance zone of 16100-200. Contrary to our expectations, the uptrend has resumed. Still the area of 16200-240 may produce a reaction even if it set for higher targets in the coming days.
Nikkei (14519.85, +0.88%), while in a confirmed bear market, may try to bounce to 14700 if manages to hold above 14200. Below 14200, the fall will extend to 14000 and 13700.
Shanghai (2120.25, -0.71%) is struggling near our resistance of 2120-30 above which it may rally towards 2165-85. Bears may attempt once again to push it down from 2120-30.
Dax (9656.76, -0.06%) rallied to 9650 and beyond confirming the uptrend but there is a fair chance that the bears may attempt to return here at 9620-50 .
Nifty (6073.30, +0.41%) may test the 6100-10 area again and even reach the next major 50 points wide supply zone of 6140-90 this week where the bears may return. The broader range of 6150-6350 is in action now.
COMMODITIES
Gold (1322.87) and Silver (21.65) have paused a bit while still in an upward rally targeting 1350-1400 and 23 respectively in the coming weeks. Gold-Silver ratio (61.107) has bounced from support near 60.46 and may consolidate for some time. Does this indicate chances of a fresh fall for the metals? We need to watch in the coming sessions.
Copper (3.2745) is in an eventual rise towards 3.30-3.35. No major movement is expected for now.
Brent (109.09) has bounced from the 100-Day MA. While below, 109.84 it may show movements within the 107.6-109.83 regions. Only a break above 109.85 would take it higher to 110.10 -111.28 in the longer term. On the other hand, Nymex WTI (100.49) is stable and is trying to rise eventually towards 101.5-102.
CURRENCIES
The lack of strength in the Dollar Index (80.1350) was mentioned repeatedly and it has dropped to 79.95 now. For any attempt to rally, the bulls must hold this low and break above 80.25-30 or else it may go down further towards 79.60-70.
The Euro (1.3706) managed to break above 1.3690 to reach closer to the major resistance of 1.3750, above which it may rally quickly towards 1.38-1.39 but at this point, the strength looks a bit suspect. Failing to break and sustain above 1.3750 could take it to 1.36 again before further rally.
Dollar-Yen (101.95) has come lower as expected but the momentum is lacking. Though staying below 101.60-102 may take it lower but keep an eye for any sudden attempt to rally, especially if it manages to break above 102.20-25..
The Euro-Yen Cross (139.73) has to break and stay above 140.40 to rise further towards 142. Otherwise it may correct to 138 before any more rally. It has bounced from a major monthly trendline support at 136.20 to break above 138 to negate any immediate fall.
Pound (1.6727) has signaled the next phase of the major uptrend has resumed and now it has reached our first target of 1.6750. It may reach 1.69-1.7050 next. All the dips till 1.6460-10 may be bought into.
The Aussie (0.9064) is close to our major resistance of 0.91 again after bouncing from 0.8925 levels in line with our expectation with a positive bias but the strength remains suspect until 0.91 is broken above. Below 0.8925-0.89 it may reach 0.8830-0.8730.
Dollar-Rupee (61.84) may open fat to negative near 61.80-85 today. We will be watching the major support area of 61.70-80 to generate any bounce from the oversold state, failing which a fall towards 61.50 and 61.20 may materialize.
INTEREST RATES
The US markets was closed yesterday. The 10Yr (2.74%) is trading just below the resistance at current levels. With the 10-5 Yr differential (1.22%) showing a rise we can expect the 10Yr yields to go up to 3.00% if it is able to move past the resistance.
The German 10Yr (1.68%) remained unchanged and is just above the support at current levels. With the 10-5Yr yield differential (1.0074%) moving up from the support at 0.99%-1.00% we may see the 10Yr go up to 1.75%. The UK 10Yr (2.78%) remained stable and has come up to a resistance at current levels. The 10-5 Yr differential (1.10%) is up slightly after having been pushed back from the resistance at 1.13%. Failing to break above the resistance we may see the 10Yr drop to 2.60%.
The Japan 10Yr (0.60%) was up before the BOJ Monetary Policy decision today. The US-Japan 10Yr spread (2.13%) is down and just above the support near 2.14% and can target 2.20%.
The Indian 10Yr GOI yield (8.80%) remained stable. We expect the 10Yr to maintain the range of 8.75%-8.85% for now.
DATA TODAY
3:00 GMT or 8:30 IST BOJ Meeting
...Previous - <0.10 %
9:00 GMT or 14:30 IST Euro Area Monthly Balance of Payments
...Expected 21.00 EUR Bln ...Previous 23.50 EUR Bln
9:30 GMT or 15:00 IST UK CPI Y/Y
...Expected 2.00 % ...Previous 2.00 %
14:00 GMT or 19:30 IST US TICS (Net foreign purch of long-term Sec)
...Expected -24.70 $ Bln ...Previous -29.29 $ Bln
DATA YESTERDAY
JP GDP
...Expected 0.70% ...Previous 0.30% ...Actual 0.30%
EQUITIES
The US market was closed yesterday and most if not all the markets traded absolutely flat resulting in almost no change in the views.
Dow (16154.39, +0.79%) is testing our resistance zone of 16100-200. Contrary to our expectations, the uptrend has resumed. Still the area of 16200-240 may produce a reaction even if it set for higher targets in the coming days.
Nikkei (14519.85, +0.88%), while in a confirmed bear market, may try to bounce to 14700 if manages to hold above 14200. Below 14200, the fall will extend to 14000 and 13700.
Shanghai (2120.25, -0.71%) is struggling near our resistance of 2120-30 above which it may rally towards 2165-85. Bears may attempt once again to push it down from 2120-30.
Dax (9656.76, -0.06%) rallied to 9650 and beyond confirming the uptrend but there is a fair chance that the bears may attempt to return here at 9620-50 .
Nifty (6073.30, +0.41%) may test the 6100-10 area again and even reach the next major 50 points wide supply zone of 6140-90 this week where the bears may return. The broader range of 6150-6350 is in action now.
COMMODITIES
Gold (1322.87) and Silver (21.65) have paused a bit while still in an upward rally targeting 1350-1400 and 23 respectively in the coming weeks. Gold-Silver ratio (61.107) has bounced from support near 60.46 and may consolidate for some time. Does this indicate chances of a fresh fall for the metals? We need to watch in the coming sessions.
Copper (3.2745) is in an eventual rise towards 3.30-3.35. No major movement is expected for now.
Brent (109.09) has bounced from the 100-Day MA. While below, 109.84 it may show movements within the 107.6-109.83 regions. Only a break above 109.85 would take it higher to 110.10 -111.28 in the longer term. On the other hand, Nymex WTI (100.49) is stable and is trying to rise eventually towards 101.5-102.
CURRENCIES
The lack of strength in the Dollar Index (80.1350) was mentioned repeatedly and it has dropped to 79.95 now. For any attempt to rally, the bulls must hold this low and break above 80.25-30 or else it may go down further towards 79.60-70.
The Euro (1.3706) managed to break above 1.3690 to reach closer to the major resistance of 1.3750, above which it may rally quickly towards 1.38-1.39 but at this point, the strength looks a bit suspect. Failing to break and sustain above 1.3750 could take it to 1.36 again before further rally.
Dollar-Yen (101.95) has come lower as expected but the momentum is lacking. Though staying below 101.60-102 may take it lower but keep an eye for any sudden attempt to rally, especially if it manages to break above 102.20-25..
The Euro-Yen Cross (139.73) has to break and stay above 140.40 to rise further towards 142. Otherwise it may correct to 138 before any more rally. It has bounced from a major monthly trendline support at 136.20 to break above 138 to negate any immediate fall.
Pound (1.6727) has signaled the next phase of the major uptrend has resumed and now it has reached our first target of 1.6750. It may reach 1.69-1.7050 next. All the dips till 1.6460-10 may be bought into.
The Aussie (0.9064) is close to our major resistance of 0.91 again after bouncing from 0.8925 levels in line with our expectation with a positive bias but the strength remains suspect until 0.91 is broken above. Below 0.8925-0.89 it may reach 0.8830-0.8730.
Dollar-Rupee (61.84) may open fat to negative near 61.80-85 today. We will be watching the major support area of 61.70-80 to generate any bounce from the oversold state, failing which a fall towards 61.50 and 61.20 may materialize.
INTEREST RATES
The US markets was closed yesterday. The 10Yr (2.74%) is trading just below the resistance at current levels. With the 10-5 Yr differential (1.22%) showing a rise we can expect the 10Yr yields to go up to 3.00% if it is able to move past the resistance.
The German 10Yr (1.68%) remained unchanged and is just above the support at current levels. With the 10-5Yr yield differential (1.0074%) moving up from the support at 0.99%-1.00% we may see the 10Yr go up to 1.75%. The UK 10Yr (2.78%) remained stable and has come up to a resistance at current levels. The 10-5 Yr differential (1.10%) is up slightly after having been pushed back from the resistance at 1.13%. Failing to break above the resistance we may see the 10Yr drop to 2.60%.
The Japan 10Yr (0.60%) was up before the BOJ Monetary Policy decision today. The US-Japan 10Yr spread (2.13%) is down and just above the support near 2.14% and can target 2.20%.
The Indian 10Yr GOI yield (8.80%) remained stable. We expect the 10Yr to maintain the range of 8.75%-8.85% for now.
DATA TODAY
3:00 GMT or 8:30 IST BOJ Meeting
...Previous - <0.10 %
9:00 GMT or 14:30 IST Euro Area Monthly Balance of Payments
...Expected 21.00 EUR Bln ...Previous 23.50 EUR Bln
9:30 GMT or 15:00 IST UK CPI Y/Y
...Expected 2.00 % ...Previous 2.00 %
14:00 GMT or 19:30 IST US TICS (Net foreign purch of long-term Sec)
...Expected -24.70 $ Bln ...Previous -29.29 $ Bln
DATA YESTERDAY
JP GDP
...Expected 0.70% ...Previous 0.30% ...Actual 0.30%
Monday, 17 February 2014
Forex Knowledge 17 FEB 2014 currency Report.
Forex Knowledge 17 FEB 2014 currency Report.
The Dow (16154.39, + 0.79%) are testing the resistance area 16100-200. Contrary to all expectations, will continue its uptrend. Yet the 16,200-240 area may produce a reaction, even though it's set higher targets in the coming days.
The Nikkei (14396.56, + 0.58%) and confirmed in the bear market, may try to bounce the 14,700 if it succeeds in sustaining 14200. 315 Elden Street in the autumn to extend below the 14200 14000 and.
Shanghai (+ 0.15%), struggling with a near 2119.15 our resistance to 2120-30 above that can rally towards 2165-85. The bears may attempt to once again push the 2120-30.
Dax (9662.40, + 0.68%) gathered at the 9650 and beyond established uptrend but there is a fair chance that the bears may try to come back here When 9620-50.
Nifty (6048.35, + 0.79%) opened higher to make a new low later but on a sustainable basis. It can test the 6,100-10 area and even to reach the next major area of 50 points in the trans-6140-90 this week, where the bears will be able to return. The broader 6150 6350 is now operational.
COMMODITIES
Precious metal stretch its rally in the oil markets are still varied.
Gold (1326.636) continues to climb upward, stretching its rally toward 1350-1400, in the coming weeks, but the silver (21.793) shot at a high level, and twenty-three in the near future, the crossing of 21.5. Gold-Silver ratio (60.77) fell sharply relative to gold shot up the silver. It may come down a little bit towards 57.70.
Copper (3.2805) rose to 3.32 but fell from there and is currently trading at less than $ 3.30. It is on the uptrend since the fifth Feb14 and may target the 3.35 3.30 Above in the near future.
Brent (109.01) were extensive 109.85 109.85 above 107.6 regions and would take it to higher levels of 96.27 64.67, and even in the long term.
Nymex WTI (99.69) is still ranged from a large business. Can remain within the wide ranged between 99-101.5 sometime before the big move. All in all it is a short-term uptrend.
THE CURRENCIES OF THE
The dollar index (80.03) lack of strength was mentioned repeatedly and it has dropped 79.95. All attempts to rally the bulls must be kept this low or otherwise it can move towards peaking 79,60-70.
EUR (1.3711) managed to break above 1.3690 get closer to 1.3750, which it can rally quickly towards 1.38-1.39 but at this stage the strength looks a little suspect to great opposition. Break and maintain above 1.3750 could continue to rally it prior to 1.36.
Dollar-yen (101.62) has become smaller, as expected, but the pace is not. However, remain under the 101.60-102 can be smaller but keep an eye out for sudden seeks to prevent.
Euro-yen (139.30), the cross is the next item 140,35-40 and now it is, and remains, 140.40 to rise closer to 142. Otherwise it can fix 138 before more rally. It has recovered a significant monthly trendline support 136.20 break above 136 blank as soon as this fall.
Pound (1.6801) is signaled for the next phase of a major uptrend has started and now it has reached our first target 1.6750. It can reach the 1.69-1.7050 next. -the 1.6460-10 bills can buy into.
Aussie (0.9054) is close to our great resistance to 0.91 in accordance with the levels we are again bouncing 0.8925 but the strength remains suspect. Below, you can get to 0.8830 0.8925 0.89 0.8730.
Dollar-rupee (61.93) can open flat to negative, close to 60.21-90 today. We follow the main support area-80 61.70 produce anything at the risk of the State in the fall and bounce from oversold 61.50 85.87 can be realized.
INTEREST RATES
US 10 Yr (2.74%) remained unchanged and is trading a little below resistance at its current level. Pointing to the rise of the 10-5 Yr-difference (1.22%), we can expect a 10 v outputs go to 3.00%, if it can move past the resistance.
German 10 Yr (1.68%) remained stable and trading above the support at current levels. 10-5 Yr yield difference (1.0064) is also above the 0.99 1.00% of the support. The German and US 10 Yr difference (-1.07%) has fallen to near support-1.10%. UK 10 Yr (2.79%) remained unchanged at the current level of the resistance and established a 10-5 Yr difference (1.09%) is postponed to a resistance to 1.13% refers to the decline of 10 v outputs. Therefore, it is not to break the resistance of the above, we may see a 10 Yr falls to 2.60%.
Japan 10 Yr (0.58%) remained stable, and to target support to close 0.50-0.52%. The United States and Japan, 10 Yr spread (2.16%) is close to 2.14% support and allocate the 2.20%.
India's 10 Yr yield (8,81%) decreased in India when, on the basis of the information came from 5.05 percent in WPI on Friday. We look forward to the 10 Yr to maintain different 8.75 8.85%-% now.
The Dow (16154.39, + 0.79%) are testing the resistance area 16100-200. Contrary to all expectations, will continue its uptrend. Yet the 16,200-240 area may produce a reaction, even though it's set higher targets in the coming days.
The Nikkei (14396.56, + 0.58%) and confirmed in the bear market, may try to bounce the 14,700 if it succeeds in sustaining 14200. 315 Elden Street in the autumn to extend below the 14200 14000 and.
Shanghai (+ 0.15%), struggling with a near 2119.15 our resistance to 2120-30 above that can rally towards 2165-85. The bears may attempt to once again push the 2120-30.
Dax (9662.40, + 0.68%) gathered at the 9650 and beyond established uptrend but there is a fair chance that the bears may try to come back here When 9620-50.
Nifty (6048.35, + 0.79%) opened higher to make a new low later but on a sustainable basis. It can test the 6,100-10 area and even to reach the next major area of 50 points in the trans-6140-90 this week, where the bears will be able to return. The broader 6150 6350 is now operational.
COMMODITIES
Precious metal stretch its rally in the oil markets are still varied.
Gold (1326.636) continues to climb upward, stretching its rally toward 1350-1400, in the coming weeks, but the silver (21.793) shot at a high level, and twenty-three in the near future, the crossing of 21.5. Gold-Silver ratio (60.77) fell sharply relative to gold shot up the silver. It may come down a little bit towards 57.70.
Copper (3.2805) rose to 3.32 but fell from there and is currently trading at less than $ 3.30. It is on the uptrend since the fifth Feb14 and may target the 3.35 3.30 Above in the near future.
Brent (109.01) were extensive 109.85 109.85 above 107.6 regions and would take it to higher levels of 96.27 64.67, and even in the long term.
Nymex WTI (99.69) is still ranged from a large business. Can remain within the wide ranged between 99-101.5 sometime before the big move. All in all it is a short-term uptrend.
THE CURRENCIES OF THE
The dollar index (80.03) lack of strength was mentioned repeatedly and it has dropped 79.95. All attempts to rally the bulls must be kept this low or otherwise it can move towards peaking 79,60-70.
EUR (1.3711) managed to break above 1.3690 get closer to 1.3750, which it can rally quickly towards 1.38-1.39 but at this stage the strength looks a little suspect to great opposition. Break and maintain above 1.3750 could continue to rally it prior to 1.36.
Dollar-yen (101.62) has become smaller, as expected, but the pace is not. However, remain under the 101.60-102 can be smaller but keep an eye out for sudden seeks to prevent.
Euro-yen (139.30), the cross is the next item 140,35-40 and now it is, and remains, 140.40 to rise closer to 142. Otherwise it can fix 138 before more rally. It has recovered a significant monthly trendline support 136.20 break above 136 blank as soon as this fall.
Pound (1.6801) is signaled for the next phase of a major uptrend has started and now it has reached our first target 1.6750. It can reach the 1.69-1.7050 next. -the 1.6460-10 bills can buy into.
Aussie (0.9054) is close to our great resistance to 0.91 in accordance with the levels we are again bouncing 0.8925 but the strength remains suspect. Below, you can get to 0.8830 0.8925 0.89 0.8730.
Dollar-rupee (61.93) can open flat to negative, close to 60.21-90 today. We follow the main support area-80 61.70 produce anything at the risk of the State in the fall and bounce from oversold 61.50 85.87 can be realized.
INTEREST RATES
US 10 Yr (2.74%) remained unchanged and is trading a little below resistance at its current level. Pointing to the rise of the 10-5 Yr-difference (1.22%), we can expect a 10 v outputs go to 3.00%, if it can move past the resistance.
German 10 Yr (1.68%) remained stable and trading above the support at current levels. 10-5 Yr yield difference (1.0064) is also above the 0.99 1.00% of the support. The German and US 10 Yr difference (-1.07%) has fallen to near support-1.10%. UK 10 Yr (2.79%) remained unchanged at the current level of the resistance and established a 10-5 Yr difference (1.09%) is postponed to a resistance to 1.13% refers to the decline of 10 v outputs. Therefore, it is not to break the resistance of the above, we may see a 10 Yr falls to 2.60%.
Japan 10 Yr (0.58%) remained stable, and to target support to close 0.50-0.52%. The United States and Japan, 10 Yr spread (2.16%) is close to 2.14% support and allocate the 2.20%.
India's 10 Yr yield (8,81%) decreased in India when, on the basis of the information came from 5.05 percent in WPI on Friday. We look forward to the 10 Yr to maintain different 8.75 8.85%-% now.
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