Forex Knowledge 25 APRIL 2014 currency Report.
The deadlock between the United States and Russia will continue and affect the price of wheat is on the higher side. The stock market in the world ex-Japan take this development as positive.
The Dow (16501.65, + 0.00%) trading sideways near the 16600 levels after rising again for the third time, the 16000 levels in 9 weeks. But the bulls still new high 16630 reaffirms the uptrend.
Dax (9548.68, + 0.05%) will not find it easy to break above 9720 than it looks like a nice variation to close it. It must reach the above item 9970 9720-10000. The weakness can be set below the 9400.
Asia-pac, 2059.58, + 0.12%), Shanghai (has found support for the second time in 2050-35 as expected and is trading sideways for the downside-2100 to 2050-35-15 in the last session, in accordance with our assessment of the upside-down.
14495.57, + 0.63%), Nikkei (faces selling pressure strong resistance 14675-700 to weaken a little bit yen. The trend is still weak below 14675-700 and previous 14200. But the above is greater than 15,000 to 14,700. Bias is neutral.
Nifty (6840.80, + 0.37%) has signaled its intention to go more toward the 6950-7000. Correction higher in the way should be limited to a 6800-6780 now. A sharper correction would bring an opportunity to move within the next few days, 6850 6650 sideways with a view of the future on the basis of the results of the general election. Today is the day to figure out the real power.
COMMODITIES
Copper and gold is on the rise and silver can confirm. Oil markets are potentially strong.
Gold (1292.41) is returned to the levels of support almost 1270 as it should and can now rise towards the 1300-1310 while still inside the overall downtrend.
Silver (19.57) ranged from the very area of 19.91 18.93 support almost 18.93 but cannot confirm a sideways a few times when the general areas of 19.0-20.0 downtrend. The Gold-Silver ratio (66.02) is recovered from a support almost sixty-five and can target to 67 in the next few weeks.
Copper (3.1160), as expected, has shown its first outbreak of 3.10 from last one month and if it maintains it can target the resistance near the 3.15-3.17 in the coming weeks. To rise above the 3.17 to launch a fresh uptrend.
Brent (110.34) has started a rally towards the resistance near the 112, though crude oil WTI (101.97) can now rise towards a 104-105 100.76 above. All in all, both are on the uptrend.
FOREX
Currencies continue to trade very narrow this whole week and therefore absolutely no change does not appear in the save the Aussie dollar, the rupee.
The dollar index (79.7560) 80.00 80.10 has struggled to close as expected. Wide 79.25-80, 50, may be valid for some time. Only the above 80.55-60, a trend that translates from down to up.
EUR (1.3835) trying to recover support from 1.3790-60 and the rally higher above the 1.3865. From a broader perspective of the great benefits is to break above 1.40, and at the same time, the dollar index is less than 79.
Dollar-yen (102.42) has been pushed a little resistance, as expected, but without serious 102.75 103.00 momentum. It has managed to keep above the 101.50-20 so far, stick around for the 10-week-long extensive 101-104. We keep a watch on the long-term support of 100.75-50 large shipments.
Euro-Yen Cross (141.70) will test our resistance to 141.65-90 140.50 139.50 after finding to buy support than expected. The above 141.65-143.50 142.00 can now take more toward the opposition.
Pound (1.6806) has ended in a small repair and again look to major uptrend. At the time, the 1.7000-50 1-2 weeks, because in the short-term, the momentum remains unchanged over 1.6730 10.
Aussie (0.9271) broke below 0.9300 test 0.9250 levels and may face selling pressure all the demonstrations for now until you dissolve 0.9380 above 0.9400. The great 0.91340-0.9200 supports are, and then to 30.
Dollar-rupee (61.07) gained 61.20 goal. The trend is still firmly at the top above 60.95. The next target is 61.35-50. Use any dip to get to long 60.60 (40).
INTEREST RATES
10-5 Yr yield spread (0.95%), contrary to the expectations of the United States has dropped to less than 10 support the u.s. Yr return (2.69%) fell further even though the 5 Yr yield (1.74%) moved a little bit. Break before the resistance rate of 1.75% and 5 Yr cannot continue to grow towards a 1.85 percent. 10 Yr and, on the other hand, is exposed to the decline towards the 2.70 2.65% below%.
Germany and the United States (-2%) and the spread of Yr 10 0.25 v (-1.15%) saw the rise of the Euro (1.3835) rose further. German 10 Yr yield (1.53%) is seen is a little more grown up. After the break the 1.55% and 10 Yr target the 1.60%.
The United States and Japan, 10 Yr spread (2.06%) has come down to test the current levels of support and can bounce from here, along with the dollar-yen (102.41), which dropped a little bit and see the bounce 102 102.50 support zone. Japan 10 Yr yield (0.62%) is in place and is testing resistance at its current level. Pause before the current resistance will take it towards a 0.65 per cent.
The Indo-US 10 Yr spread (6.15%) remained unchanged at the current level, and test support, where you can see a bounce. India's 10 Yr India (8.85%) is stable, but can count on support from 8.75% to test almost before the bounce back to 9: 00% and after it.
The deadlock between the United States and Russia will continue and affect the price of wheat is on the higher side. The stock market in the world ex-Japan take this development as positive.
The Dow (16501.65, + 0.00%) trading sideways near the 16600 levels after rising again for the third time, the 16000 levels in 9 weeks. But the bulls still new high 16630 reaffirms the uptrend.
Dax (9548.68, + 0.05%) will not find it easy to break above 9720 than it looks like a nice variation to close it. It must reach the above item 9970 9720-10000. The weakness can be set below the 9400.
Asia-pac, 2059.58, + 0.12%), Shanghai (has found support for the second time in 2050-35 as expected and is trading sideways for the downside-2100 to 2050-35-15 in the last session, in accordance with our assessment of the upside-down.
14495.57, + 0.63%), Nikkei (faces selling pressure strong resistance 14675-700 to weaken a little bit yen. The trend is still weak below 14675-700 and previous 14200. But the above is greater than 15,000 to 14,700. Bias is neutral.
Nifty (6840.80, + 0.37%) has signaled its intention to go more toward the 6950-7000. Correction higher in the way should be limited to a 6800-6780 now. A sharper correction would bring an opportunity to move within the next few days, 6850 6650 sideways with a view of the future on the basis of the results of the general election. Today is the day to figure out the real power.
COMMODITIES
Copper and gold is on the rise and silver can confirm. Oil markets are potentially strong.
Gold (1292.41) is returned to the levels of support almost 1270 as it should and can now rise towards the 1300-1310 while still inside the overall downtrend.
Silver (19.57) ranged from the very area of 19.91 18.93 support almost 18.93 but cannot confirm a sideways a few times when the general areas of 19.0-20.0 downtrend. The Gold-Silver ratio (66.02) is recovered from a support almost sixty-five and can target to 67 in the next few weeks.
Copper (3.1160), as expected, has shown its first outbreak of 3.10 from last one month and if it maintains it can target the resistance near the 3.15-3.17 in the coming weeks. To rise above the 3.17 to launch a fresh uptrend.
Brent (110.34) has started a rally towards the resistance near the 112, though crude oil WTI (101.97) can now rise towards a 104-105 100.76 above. All in all, both are on the uptrend.
FOREX
Currencies continue to trade very narrow this whole week and therefore absolutely no change does not appear in the save the Aussie dollar, the rupee.
The dollar index (79.7560) 80.00 80.10 has struggled to close as expected. Wide 79.25-80, 50, may be valid for some time. Only the above 80.55-60, a trend that translates from down to up.
EUR (1.3835) trying to recover support from 1.3790-60 and the rally higher above the 1.3865. From a broader perspective of the great benefits is to break above 1.40, and at the same time, the dollar index is less than 79.
Dollar-yen (102.42) has been pushed a little resistance, as expected, but without serious 102.75 103.00 momentum. It has managed to keep above the 101.50-20 so far, stick around for the 10-week-long extensive 101-104. We keep a watch on the long-term support of 100.75-50 large shipments.
Euro-Yen Cross (141.70) will test our resistance to 141.65-90 140.50 139.50 after finding to buy support than expected. The above 141.65-143.50 142.00 can now take more toward the opposition.
Pound (1.6806) has ended in a small repair and again look to major uptrend. At the time, the 1.7000-50 1-2 weeks, because in the short-term, the momentum remains unchanged over 1.6730 10.
Aussie (0.9271) broke below 0.9300 test 0.9250 levels and may face selling pressure all the demonstrations for now until you dissolve 0.9380 above 0.9400. The great 0.91340-0.9200 supports are, and then to 30.
Dollar-rupee (61.07) gained 61.20 goal. The trend is still firmly at the top above 60.95. The next target is 61.35-50. Use any dip to get to long 60.60 (40).
INTEREST RATES
10-5 Yr yield spread (0.95%), contrary to the expectations of the United States has dropped to less than 10 support the u.s. Yr return (2.69%) fell further even though the 5 Yr yield (1.74%) moved a little bit. Break before the resistance rate of 1.75% and 5 Yr cannot continue to grow towards a 1.85 percent. 10 Yr and, on the other hand, is exposed to the decline towards the 2.70 2.65% below%.
Germany and the United States (-2%) and the spread of Yr 10 0.25 v (-1.15%) saw the rise of the Euro (1.3835) rose further. German 10 Yr yield (1.53%) is seen is a little more grown up. After the break the 1.55% and 10 Yr target the 1.60%.
The United States and Japan, 10 Yr spread (2.06%) has come down to test the current levels of support and can bounce from here, along with the dollar-yen (102.41), which dropped a little bit and see the bounce 102 102.50 support zone. Japan 10 Yr yield (0.62%) is in place and is testing resistance at its current level. Pause before the current resistance will take it towards a 0.65 per cent.
The Indo-US 10 Yr spread (6.15%) remained unchanged at the current level, and test support, where you can see a bounce. India's 10 Yr India (8.85%) is stable, but can count on support from 8.75% to test almost before the bounce back to 9: 00% and after it.
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