Forex Knowledge 29 APRIL 2014 currency Report.
SHARES OF THE
16448.74, + 0.53%), Dow (tested the complete 10-week trade between 16,300 rebounding 16,000 16600 as expected. The Bulls are still a new high 16650 reaffirms the uptrend.
Dax (9446.36, + 0.48%) fell to a lower once again, after failing to break above our resistance to 9720. Rangebound movement, 9050-9720 wide may continue for some time before the breakout.
Asia-pac, Shanghai (2006.47, + 0.15%) broke less than 2050-35 support and can rise to the level of 1985-75-50 in 2035. will act as good durability now above trend for the decider. 2080
The Nikkei (14288.23, + 0.00%) has reached near our 14200 14000 13900 from the target zone – the risk of facing selling pressure after strong resistance 14675-700 to weaken a little bit yen. The trend of a weak below 14675-700. But the above is greater than 15,000 to 14,700. Bias is neutral.
(6761.25,-0.32) only the strength of the return on investment (ROI) and a nifty, until the above 6820 buyers remain subdued. In Pause mode, we might get another 40-60-point rise before the first significant drop in the will. As mentioned earlier, to keep watch on 6740 20. This sharper correction in the support area has brought the possibility of a sideways move 6650-6850 in the next few days.
COMMODITIES
Gold (1295.47) came from 1306.4 but is trading the central level within the General downtrend of 1295-1310. The change can be triggered by sharply above 1310 1400 to 1280 on the downside.
Silver (19.54) remains crucial, and there are currently almost ranged between levels. It can reach 20-20.5 19 but the break below 19-18.5 may trigger a sharp decline of 16.5 to 16.
Copper (3.1080) became a little bit of the channel resistance near 3.139 on a daily basis, but more than 3, it can be used to target the 3.15-3.17 in the near future.
Brent (108.25) dropped sharply on the news that Libya is ready to resume oil exports and supplies from Indonesia and Malaysia seems to be imminent. If the decline continues, can be applied to 106.5 on the downside from where it can again rise toward the 110-112.
Nymex WTI (100.88) is stable now, testing near the crucial support and we will see if this keeps rising 100.76 targetting 104-105 in the near future. But the break below 100 (if seen) can be pushed to 98-96. Notice the uptrend after Jan14.
FOREX
The dollar index (79.6560) is stuck with 79.50 80.00 80.50 79.25 narrow for two weeks and may be valid for some time. Only the above 80.55-60, a trend that translates from down to up. It would be the first sign of the strength of the above 80.15.
EUR (1.3860) is trading within a narrow range for two weeks and 1.3785 1.3880 may break this week to give birth to the trends toward either end of 1.4000-1.3755 to the top of the 30 or less.
Dollar-yen (102.50) is testing resistance at 103.00 102.75 which continues to climb-40 is possible. 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 101.00 100.50-large shipments.
Euro-yen (142.08) 140.00 142.00 erupted in various large directional transmission and can now reach out to 143.00 144.00 145.50-25 to begin with and then can not be ruled out.
Pound (1.6813) is trading within a narrow 1.6750-1.6870 as other major currencies. To get to the 1.7000-50 1-2 weeks must be above 1.6870. In the short-term, the momentum will be maintained above 1.6730 1.6695.
Aussie (0.9238) calculates the look continues to be weak and may face selling pressure all the demonstrations for now until you dissolve 0.9380 above 0.9400. The large supports are 0.9160-30.
Dollar-rupee (60.6450) returns to 60.40 support. The strength of the Euro can make EM currencies dollar & rupee retest support area once again, and if it is intact, then bounce to 60.40 60.80-90. But it still may take a break down 60.40 60.20. Either the probability is 50%.
INTEREST RATES
US 10 Yr yield (2.71%) has risen above the 2.70% to 2.85% in the short term, and if it breaks down more than 2.75 percent. US 5 Yr yield (1.75%) saw a slight rise and 10-5 Yr yield spread rose 0.96 percent. At the two-day FOMC meeting ends tomorrow, and they are expected to keep the key policy interest rates unchanged and cut the bond purchases another $ 10 billion.
Germany and the United States (-2%) and the spread of Yr 10 yr 0.26 (-1.22%) remained stable yesterday after the Euro (1.3860) rose to test the resistance of the 1.3865 1.3785 near the ceiling. German 10 Yr yield (1.50%) rose and is testing at the current level. Is prone to fall 1.45% to less than 1.50%. Per above 1.50% 1.60% last more.
The United States and Japan in 10 years spread (2.11%) returns to support almost 2.06 percent expect to move in perfect co. in relation to the dollar-yen (102.50), which also introduced the bounce. Japan 10 Yr yield (0.61%) is testing resistance at its current level. Pause before the current resistance will take it towards a 0.65 per cent. The Japanese market is closed today. We have a meeting tomorrow and the Bank of Japan, it is expected that the BOJ will keep its key policy interest rates unchanged.
The Indo-US 10 Yr spread (6.18%) fell 6.15% bounce near the support. India's 10 Yr yield 8.86%), Indian (also has fallen. It can maintain different 8.75%-9.00%. After the break, this region offers us a new direction.
SHARES OF THE
16448.74, + 0.53%), Dow (tested the complete 10-week trade between 16,300 rebounding 16,000 16600 as expected. The Bulls are still a new high 16650 reaffirms the uptrend.
Dax (9446.36, + 0.48%) fell to a lower once again, after failing to break above our resistance to 9720. Rangebound movement, 9050-9720 wide may continue for some time before the breakout.
Asia-pac, Shanghai (2006.47, + 0.15%) broke less than 2050-35 support and can rise to the level of 1985-75-50 in 2035. will act as good durability now above trend for the decider. 2080
The Nikkei (14288.23, + 0.00%) has reached near our 14200 14000 13900 from the target zone – the risk of facing selling pressure after strong resistance 14675-700 to weaken a little bit yen. The trend of a weak below 14675-700. But the above is greater than 15,000 to 14,700. Bias is neutral.
(6761.25,-0.32) only the strength of the return on investment (ROI) and a nifty, until the above 6820 buyers remain subdued. In Pause mode, we might get another 40-60-point rise before the first significant drop in the will. As mentioned earlier, to keep watch on 6740 20. This sharper correction in the support area has brought the possibility of a sideways move 6650-6850 in the next few days.
COMMODITIES
Gold (1295.47) came from 1306.4 but is trading the central level within the General downtrend of 1295-1310. The change can be triggered by sharply above 1310 1400 to 1280 on the downside.
Silver (19.54) remains crucial, and there are currently almost ranged between levels. It can reach 20-20.5 19 but the break below 19-18.5 may trigger a sharp decline of 16.5 to 16.
Copper (3.1080) became a little bit of the channel resistance near 3.139 on a daily basis, but more than 3, it can be used to target the 3.15-3.17 in the near future.
Brent (108.25) dropped sharply on the news that Libya is ready to resume oil exports and supplies from Indonesia and Malaysia seems to be imminent. If the decline continues, can be applied to 106.5 on the downside from where it can again rise toward the 110-112.
Nymex WTI (100.88) is stable now, testing near the crucial support and we will see if this keeps rising 100.76 targetting 104-105 in the near future. But the break below 100 (if seen) can be pushed to 98-96. Notice the uptrend after Jan14.
FOREX
The dollar index (79.6560) is stuck with 79.50 80.00 80.50 79.25 narrow for two weeks and may be valid for some time. Only the above 80.55-60, a trend that translates from down to up. It would be the first sign of the strength of the above 80.15.
EUR (1.3860) is trading within a narrow range for two weeks and 1.3785 1.3880 may break this week to give birth to the trends toward either end of 1.4000-1.3755 to the top of the 30 or less.
Dollar-yen (102.50) is testing resistance at 103.00 102.75 which continues to climb-40 is possible. 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 101.00 100.50-large shipments.
Euro-yen (142.08) 140.00 142.00 erupted in various large directional transmission and can now reach out to 143.00 144.00 145.50-25 to begin with and then can not be ruled out.
Pound (1.6813) is trading within a narrow 1.6750-1.6870 as other major currencies. To get to the 1.7000-50 1-2 weeks must be above 1.6870. In the short-term, the momentum will be maintained above 1.6730 1.6695.
Aussie (0.9238) calculates the look continues to be weak and may face selling pressure all the demonstrations for now until you dissolve 0.9380 above 0.9400. The large supports are 0.9160-30.
Dollar-rupee (60.6450) returns to 60.40 support. The strength of the Euro can make EM currencies dollar & rupee retest support area once again, and if it is intact, then bounce to 60.40 60.80-90. But it still may take a break down 60.40 60.20. Either the probability is 50%.
INTEREST RATES
US 10 Yr yield (2.71%) has risen above the 2.70% to 2.85% in the short term, and if it breaks down more than 2.75 percent. US 5 Yr yield (1.75%) saw a slight rise and 10-5 Yr yield spread rose 0.96 percent. At the two-day FOMC meeting ends tomorrow, and they are expected to keep the key policy interest rates unchanged and cut the bond purchases another $ 10 billion.
Germany and the United States (-2%) and the spread of Yr 10 yr 0.26 (-1.22%) remained stable yesterday after the Euro (1.3860) rose to test the resistance of the 1.3865 1.3785 near the ceiling. German 10 Yr yield (1.50%) rose and is testing at the current level. Is prone to fall 1.45% to less than 1.50%. Per above 1.50% 1.60% last more.
The United States and Japan in 10 years spread (2.11%) returns to support almost 2.06 percent expect to move in perfect co. in relation to the dollar-yen (102.50), which also introduced the bounce. Japan 10 Yr yield (0.61%) is testing resistance at its current level. Pause before the current resistance will take it towards a 0.65 per cent. The Japanese market is closed today. We have a meeting tomorrow and the Bank of Japan, it is expected that the BOJ will keep its key policy interest rates unchanged.
The Indo-US 10 Yr spread (6.18%) fell 6.15% bounce near the support. India's 10 Yr yield 8.86%), Indian (also has fallen. It can maintain different 8.75%-9.00%. After the break, this region offers us a new direction.
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