Forex Knowledge 28 MARCH 2014 currency Report.
Despite the better-than-expected us unemployment report, a better market are trading almost completely flat in the United States, the GDP came in slightly lower than expected. Asian markets seems to have little praise for the price action.
The Dow (16264.23,-0.03%) are stuck with 500 points the band 16000 16500 for 6 weeks. Retest 16,000 may be in the cards now, but sideways, in the medium term, the transfer can be to take a bullish consolidation before breaking out to rise to 17,000 at a later date.
Shanghai (2045.40,-0.06%) is in a consolidation mode. Vulnerability confirmed below 2030-20 and strength has been confirmed as the 2080-85. The suspicion does not fall today, China no longer incorrectly and that the market for a new bear hoopla invites, if you already have a 6-year bear market is coming to an end.
Dax (9451.21, + 0.03%) has to prove our hardiness zone 9400-9460 peaked. A spot above the 9460 surmise 9700-9900, but we must Note the 9600-9650 temporarily in the area. Now it looks like one of the stronger market.
The Nikkei (14626.29, + 0.06%) has been steadily gaining 14200 14700 but the downtrend is valid up to 15,000 different. We are looking for a break in the 14200 to confirm the bearish momentum.
Nifty (6641.75, + 0.61%) came to us in the medium-term target zone 6650 6700 and maybe it's time to get a little bit careful here over the weekend and the end of the financial year coming to an end next Monday. Protect the 6620, it would still be possible to get on the end of the year, but a second chance to the FII 6750 eyewash goes to the head may not be excluded too. We keep a watch on 6570 6540 and if the weakness in the post.
COMMODITIES
The metals look rough when the oil market is not only the copper trading a bullish expectations.
Gold (1294.098) above the critical level has decreased but trade in 1285. The Bounce can lead to some ranged moves inside the 1285-1309, but then again may 1274 1260.8 level. Gold-Silver ratio (65.21) has dropped the decisive resistance, just as expected, and if this is the case, we may see a 64 in the next few weeks.
Silver (19.83) has recovered slightly to 39.70, and initiatives are small. Has the opportunity were 19.5 20.5 within regions, until we see the sharp movements.
Copper (3.0075) raised above 3 for the first time in two weeks, and this could be a sign of rising upwards. If it maintains more than 3 it will target the 3.15-3, to 25 in the next few weeks. A little rise to reinforces the bullishness in the near term.
Brent (107.69) trading-fine and the testing of the resistance near the 108. Although this is we may see a short lateral field of movement below 108. A break above the 110 level greater than 109-108 could. All in all, the uptrend. Nymex WTI (101.34) has risen sharply as expected and inventories declined significantly in Cushing. Now it is directed at 102 above, where it can reach toward the 104.
THE CURRENCIES OF THE
The dollar index (80.10) has been steadily gaining in the triangle model, of course, but it remains firmly on their way to 80.50 after the end of the this fix-75. To keep up with the over-65, 79.70 strength remains unchanged.
EUR (1.3744) is still weak because it does not yet break above 1.3885-95 blank downtrend. Rough dynamics can enhance a break below 1.3750. Essential support comes from 1.3650.
Dollar-yen (102.14) to keep ahead of the 101 to keep a wider range of 101-104. Sideways action in this area can go on for more time before the plunge will go up.
Euro-yen (140.37) cross the narrow Test the lower end of the company's 140-142, and the first sign of a break in the weakness of import. The bullish View of 144-145 will survive as long as it keeps up the great support in the area of 139 49.98 but below this support may drop the view and you can pull down a 136-135.50, and up to 131.
Pound (1.6621) has reached our initial goal of 1.6650 after resuming the medium-term uptrend. Now can expect significant support to rise 1.67 1.6750 unchanged at 1.6450.
Aussie (0.9287) has broken down before the signal to rise in the medium term, 0.9380 0.92 0.94. Fix for now would be restricted to 0.9150 0.91.
Dollar-rupee (60.31) has recovered after 4 consecutive session to a negative close. If it is able to sustain a 60.37 correction, the bounce can extend to 60.50-55. The main trend is still down.
INTEREST RATES
US 10 Yr (2.68%) dipped further and now have to give up to 2.50%. Although the 5 Yr (1.72%) saw a slight rise in trade, and in the long term, an important resistance area is 1.73 1.75 percent. Looking at the 10-5 Yr yield differential (0.97%), which is narrowed, we might see the rise of 5 v outputs 30 Yr (3.53%) saw a drop in the flattening of the yield curve.
German 10 Yr (1.54%) fell yesterday and is well on the way to 1.50% of our goal. German-US 2 Yr spread (-0.28%) fell below support near-0.25%-0.26% when the Euro (1.3744) below 1.3750.
Japan 10 Yr (0.63%) remained unchanged at 0.55%, near the ceiling in our range of 0.65%. After the break the resistance and we are targeting a close 0.65% 0.70% return. The United States and Japan, 10 Yr spread (2.06%) remained stable at around 2.05% of the support.
India's 10 Yr India (8.83%) saw the rise of between 8.75 8.85%-but stayed in%. An RBI Meeting scheduled for April 1, and expectations are that it will refrain from bringing the interest rates. We'll have to wait and see.
Despite the better-than-expected us unemployment report, a better market are trading almost completely flat in the United States, the GDP came in slightly lower than expected. Asian markets seems to have little praise for the price action.
The Dow (16264.23,-0.03%) are stuck with 500 points the band 16000 16500 for 6 weeks. Retest 16,000 may be in the cards now, but sideways, in the medium term, the transfer can be to take a bullish consolidation before breaking out to rise to 17,000 at a later date.
Shanghai (2045.40,-0.06%) is in a consolidation mode. Vulnerability confirmed below 2030-20 and strength has been confirmed as the 2080-85. The suspicion does not fall today, China no longer incorrectly and that the market for a new bear hoopla invites, if you already have a 6-year bear market is coming to an end.
Dax (9451.21, + 0.03%) has to prove our hardiness zone 9400-9460 peaked. A spot above the 9460 surmise 9700-9900, but we must Note the 9600-9650 temporarily in the area. Now it looks like one of the stronger market.
The Nikkei (14626.29, + 0.06%) has been steadily gaining 14200 14700 but the downtrend is valid up to 15,000 different. We are looking for a break in the 14200 to confirm the bearish momentum.
Nifty (6641.75, + 0.61%) came to us in the medium-term target zone 6650 6700 and maybe it's time to get a little bit careful here over the weekend and the end of the financial year coming to an end next Monday. Protect the 6620, it would still be possible to get on the end of the year, but a second chance to the FII 6750 eyewash goes to the head may not be excluded too. We keep a watch on 6570 6540 and if the weakness in the post.
COMMODITIES
The metals look rough when the oil market is not only the copper trading a bullish expectations.
Gold (1294.098) above the critical level has decreased but trade in 1285. The Bounce can lead to some ranged moves inside the 1285-1309, but then again may 1274 1260.8 level. Gold-Silver ratio (65.21) has dropped the decisive resistance, just as expected, and if this is the case, we may see a 64 in the next few weeks.
Silver (19.83) has recovered slightly to 39.70, and initiatives are small. Has the opportunity were 19.5 20.5 within regions, until we see the sharp movements.
Copper (3.0075) raised above 3 for the first time in two weeks, and this could be a sign of rising upwards. If it maintains more than 3 it will target the 3.15-3, to 25 in the next few weeks. A little rise to reinforces the bullishness in the near term.
Brent (107.69) trading-fine and the testing of the resistance near the 108. Although this is we may see a short lateral field of movement below 108. A break above the 110 level greater than 109-108 could. All in all, the uptrend. Nymex WTI (101.34) has risen sharply as expected and inventories declined significantly in Cushing. Now it is directed at 102 above, where it can reach toward the 104.
THE CURRENCIES OF THE
The dollar index (80.10) has been steadily gaining in the triangle model, of course, but it remains firmly on their way to 80.50 after the end of the this fix-75. To keep up with the over-65, 79.70 strength remains unchanged.
EUR (1.3744) is still weak because it does not yet break above 1.3885-95 blank downtrend. Rough dynamics can enhance a break below 1.3750. Essential support comes from 1.3650.
Dollar-yen (102.14) to keep ahead of the 101 to keep a wider range of 101-104. Sideways action in this area can go on for more time before the plunge will go up.
Euro-yen (140.37) cross the narrow Test the lower end of the company's 140-142, and the first sign of a break in the weakness of import. The bullish View of 144-145 will survive as long as it keeps up the great support in the area of 139 49.98 but below this support may drop the view and you can pull down a 136-135.50, and up to 131.
Pound (1.6621) has reached our initial goal of 1.6650 after resuming the medium-term uptrend. Now can expect significant support to rise 1.67 1.6750 unchanged at 1.6450.
Aussie (0.9287) has broken down before the signal to rise in the medium term, 0.9380 0.92 0.94. Fix for now would be restricted to 0.9150 0.91.
Dollar-rupee (60.31) has recovered after 4 consecutive session to a negative close. If it is able to sustain a 60.37 correction, the bounce can extend to 60.50-55. The main trend is still down.
INTEREST RATES
US 10 Yr (2.68%) dipped further and now have to give up to 2.50%. Although the 5 Yr (1.72%) saw a slight rise in trade, and in the long term, an important resistance area is 1.73 1.75 percent. Looking at the 10-5 Yr yield differential (0.97%), which is narrowed, we might see the rise of 5 v outputs 30 Yr (3.53%) saw a drop in the flattening of the yield curve.
German 10 Yr (1.54%) fell yesterday and is well on the way to 1.50% of our goal. German-US 2 Yr spread (-0.28%) fell below support near-0.25%-0.26% when the Euro (1.3744) below 1.3750.
Japan 10 Yr (0.63%) remained unchanged at 0.55%, near the ceiling in our range of 0.65%. After the break the resistance and we are targeting a close 0.65% 0.70% return. The United States and Japan, 10 Yr spread (2.06%) remained stable at around 2.05% of the support.
India's 10 Yr India (8.83%) saw the rise of between 8.75 8.85%-but stayed in%. An RBI Meeting scheduled for April 1, and expectations are that it will refrain from bringing the interest rates. We'll have to wait and see.
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