Forex Knowledge 11 MARCH 2014 currency Report.
Almost all of the markets are trading flat after the Bank of Japan meets came to conclusion right now without any changes to monetary policy in accordance with the consensus.
The Nikkei (15231.47, + 0.73%) have found sell special types of 15200-300 range bound as expected and can turn once again to the inside of the 14600 new Houghton,, United Kingdom.
Shanghai (2003.32, + 0.24%) broke below the support of the 2020 15 test January low. It would have been sold at 2015-20 range now, possible bounce where short-term development can be completed. A break below the 1980s having its 1950-45.
6537.25, + 0.16%), Nifty (at a higher level in the group the day after a sharp rally. Bullish momentum is maintained above-6340-60 and we can expect to continue to rally over the next few days, the concentration of the 6650-6700.
The Dow (16418.68,-0.21%), is to strengthen the band 16400-600 and it requires a spot over 16400-600 to rise towards the 17,000 soon.
COMMODITIES
Gold (1339.4) were now and can confirm the 1324-1354 area a few times before heading towards the resistance of the near1360. All in all, the recent uptrend remains intact.
Silver (20.821) fell below support almost 21.78-99 and can test the immediate support to 20.64 20.59 zone. The Gold-Silver ratio (64.3) gathered at the current level of 60.2 levels in the past three weeks and might stop by for some time. To rise over 64.5 signal silver falling prices.
Copper (3.0385) will continue to trade in the low testing long-term support almost 3.00. If so, it may once again on his feet towards a 3.15-3.20. Even though the bears are even, the ascent can be difficult now and the lower rate.
Brent (108.07) and Nymex WTI (99.60) are both trading lower. There is not a large business is waiting for now, but if the bears keep their power, we may see prices continue to slide further in the direction of the will have to wait and see.
THE CURRENCIES OF THE
The dollar index (69.08) is trading below 70 and 69.08 77.57 47.13 door support area or even 78 has opened now. A corrective rally up 80.30 higher-55 may face selling pressure. The long-term trend to get seriously rough below 77.57.
EUR (1.3867) 1.3850-85 is marketing the resistance band and if to dissolve, it can rise above this still 1.3950 1.4050. The 1.4050-1.41 for long-term development becomes strongly bullish. But the Bund-Bond Yield spread is not worth it. So this has to be watched.
Dollar-yen (143.08) has broken above 101-103 of the larger and reached the top before coming off the top 2013 144.76 a bit. To keep up with the trend of more than 80 102.70 but Rising more toward 105, is needed to maintain the 144.76-90.
Euro-yen (143.32) cross broke to 138.80 141.30 143 out of range. The long-term uptrend is resumed and it can rise more 145.50-146 now.
Pound (1.6639) is the repair of a great 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 (0.9035) is testing the 0.9050 support now from 0.89 0.91 upside down after breaking in the region and the possibility of a rally towards the 0.93, or even more. Only a break below 0.90 makes false breakout and void the bullish scenario.
Dollar-rupee (60.85) cannot decrypt more than our original reversal level 61.35 mentioned yesterday and fell to the all important support band 60.80-70. The holding of this zone can produce a bounce in 61-61.15 61.35 is the same but the reversal. A break below the 60.52 pulls it down to 60.50-45 and 26.91 15.
INTEREST RATES
US 10 Yr (2.78%) 2.60 2.80% of the Portfolio grows steadily toward the ceiling. (A) to move past 2.80% to 2.90% yield to go and we'll see in the coming days.
German 10 Yr (1.62 percent) to have been baptized. 10-5 Yr yield spread (0.97%) belong to the (1.01% 20-Feb-14) we see a 10 Yr Bund of Bund 10 Yr yields dipping further.-Bond spreads (-1.13%) remained stable at 2 Yr Bund spread (-0.19%)-Bond also remained stable, and 0.10%.
Japan 10 Yr (0.63%) saw a slight rise ahead of the BOJ meeting today. No changes in the monetary policy statement. The United States and Japan, 10 Yr spread (2.15%) remained unchanged.
India's 10 Yr India (8.78%) dipped yesterday. We see the yield ranged between 8.75 8.80% now. Move to this region offers us a new direction.
EUR/USD Technical
During the early hours of the Asian trading session on Tuesday, the Euro is remaining very steady just below the resistance level at 1.39 around 1.3870. Current range: just below 1.39 around 1.3870.
Further levels in both directions:
Below: 1.3700, 1.3500 and 1.3400.Above: 1.3900.
GBP/USD Technical
During the early hours of the Asian trading session on Tuesday, the GBP/USD is remaining very steady just below 1.6650 after falling sharply from above 1.67. Current range: Trading just below 1.6650 around 1.6640.
Further levels in both directions:
Below: 1.6600, 1.6300, and 1.6250Above: 1.6750 and 1.6800.
EURUSD: 1.3900-1.3915 on the upside, 1.36850-1.3700 on the downside.
AUDUSD: 0.9155-0.9170 on the upside, 0.8935-0.8950 on the downside.
USDJPY: 103.70-103.85 on the upside, 102.45-102.55 on the downside.
GBPUSD: 1.6765-1.6780 on the upside, 1.6540-1.6555 on the downside.
USDCAD: 1.1230-1.1245 on the upside, 1.0900-1.0915 on the downside.
NZDUSD: 0.8525-0.8540 on the upside, 0.8405-0.8420 on the downside.
EURJPY: 143.90-144.05 on the upside, 142.30-142.45 on the downside.
EURGBP: 0.8380-0.8395 on the upside, 0.8215-0.8230 on the downside.
XAUUSD: 1355.00-1365.00 on the upside, 1310.00-1320.00 on the downside.
BRENT: 109.00-110.00 on the upside, 106.00-107.00 on the downside.
SP500: 1900.00-1910.00 on the upside, 1820.00-1830.00 on the downside.
Almost all of the markets are trading flat after the Bank of Japan meets came to conclusion right now without any changes to monetary policy in accordance with the consensus.
The Nikkei (15231.47, + 0.73%) have found sell special types of 15200-300 range bound as expected and can turn once again to the inside of the 14600 new Houghton,, United Kingdom.
Shanghai (2003.32, + 0.24%) broke below the support of the 2020 15 test January low. It would have been sold at 2015-20 range now, possible bounce where short-term development can be completed. A break below the 1980s having its 1950-45.
6537.25, + 0.16%), Nifty (at a higher level in the group the day after a sharp rally. Bullish momentum is maintained above-6340-60 and we can expect to continue to rally over the next few days, the concentration of the 6650-6700.
The Dow (16418.68,-0.21%), is to strengthen the band 16400-600 and it requires a spot over 16400-600 to rise towards the 17,000 soon.
COMMODITIES
Gold (1339.4) were now and can confirm the 1324-1354 area a few times before heading towards the resistance of the near1360. All in all, the recent uptrend remains intact.
Silver (20.821) fell below support almost 21.78-99 and can test the immediate support to 20.64 20.59 zone. The Gold-Silver ratio (64.3) gathered at the current level of 60.2 levels in the past three weeks and might stop by for some time. To rise over 64.5 signal silver falling prices.
Copper (3.0385) will continue to trade in the low testing long-term support almost 3.00. If so, it may once again on his feet towards a 3.15-3.20. Even though the bears are even, the ascent can be difficult now and the lower rate.
Brent (108.07) and Nymex WTI (99.60) are both trading lower. There is not a large business is waiting for now, but if the bears keep their power, we may see prices continue to slide further in the direction of the will have to wait and see.
THE CURRENCIES OF THE
The dollar index (69.08) is trading below 70 and 69.08 77.57 47.13 door support area or even 78 has opened now. A corrective rally up 80.30 higher-55 may face selling pressure. The long-term trend to get seriously rough below 77.57.
EUR (1.3867) 1.3850-85 is marketing the resistance band and if to dissolve, it can rise above this still 1.3950 1.4050. The 1.4050-1.41 for long-term development becomes strongly bullish. But the Bund-Bond Yield spread is not worth it. So this has to be watched.
Dollar-yen (143.08) has broken above 101-103 of the larger and reached the top before coming off the top 2013 144.76 a bit. To keep up with the trend of more than 80 102.70 but Rising more toward 105, is needed to maintain the 144.76-90.
Euro-yen (143.32) cross broke to 138.80 141.30 143 out of range. The long-term uptrend is resumed and it can rise more 145.50-146 now.
Pound (1.6639) is the repair of a great 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 (0.9035) is testing the 0.9050 support now from 0.89 0.91 upside down after breaking in the region and the possibility of a rally towards the 0.93, or even more. Only a break below 0.90 makes false breakout and void the bullish scenario.
Dollar-rupee (60.85) cannot decrypt more than our original reversal level 61.35 mentioned yesterday and fell to the all important support band 60.80-70. The holding of this zone can produce a bounce in 61-61.15 61.35 is the same but the reversal. A break below the 60.52 pulls it down to 60.50-45 and 26.91 15.
INTEREST RATES
US 10 Yr (2.78%) 2.60 2.80% of the Portfolio grows steadily toward the ceiling. (A) to move past 2.80% to 2.90% yield to go and we'll see in the coming days.
German 10 Yr (1.62 percent) to have been baptized. 10-5 Yr yield spread (0.97%) belong to the (1.01% 20-Feb-14) we see a 10 Yr Bund of Bund 10 Yr yields dipping further.-Bond spreads (-1.13%) remained stable at 2 Yr Bund spread (-0.19%)-Bond also remained stable, and 0.10%.
Japan 10 Yr (0.63%) saw a slight rise ahead of the BOJ meeting today. No changes in the monetary policy statement. The United States and Japan, 10 Yr spread (2.15%) remained unchanged.
India's 10 Yr India (8.78%) dipped yesterday. We see the yield ranged between 8.75 8.80% now. Move to this region offers us a new direction.
During the early hours of the Asian trading session on Tuesday, the Euro is remaining very steady just below the resistance level at 1.39 around 1.3870. Current range: just below 1.39 around 1.3870.
Further levels in both directions:
Below: 1.3700, 1.3500 and 1.3400.Above: 1.3900.
During the early hours of the Asian trading session on Tuesday, the GBP/USD is remaining very steady just below 1.6650 after falling sharply from above 1.67. Current range: Trading just below 1.6650 around 1.6640.
Further levels in both directions:
Below: 1.6600, 1.6300, and 1.6250Above: 1.6750 and 1.6800.
EURUSD: 1.3900-1.3915 on the upside, 1.36850-1.3700 on the downside.
AUDUSD: 0.9155-0.9170 on the upside, 0.8935-0.8950 on the downside.
USDJPY: 103.70-103.85 on the upside, 102.45-102.55 on the downside.
GBPUSD: 1.6765-1.6780 on the upside, 1.6540-1.6555 on the downside.
USDCAD: 1.1230-1.1245 on the upside, 1.0900-1.0915 on the downside.
NZDUSD: 0.8525-0.8540 on the upside, 0.8405-0.8420 on the downside.
EURJPY: 143.90-144.05 on the upside, 142.30-142.45 on the downside.
EURGBP: 0.8380-0.8395 on the upside, 0.8215-0.8230 on the downside.
XAUUSD: 1355.00-1365.00 on the upside, 1310.00-1320.00 on the downside.
BRENT: 109.00-110.00 on the upside, 106.00-107.00 on the downside.
SP500: 1900.00-1910.00 on the upside, 1820.00-1830.00 on the downside.
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