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.
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