Forex Knowledge 9 APRIL 2014 currency Report.
Most stock indexes fall in profit-taking in the last few days heard. The overall picture is still bullish, but with all of the indexes you need to move immediately to avoid the further fall in the near future, which may cause doubts about the medium-term bullishness.
The Nikkei (14340-266) sees a nasty fall that could test the key long-term support 14200 150 today-tomorrow. The market has taken it badly, that the BOJ will not come again soon. A break below the 14150, if seen, would require a lot of people to edit a bullish appearance. But looking at the weekly candles, there's a chance of a good bounce here. To clarify, Kuroda, and the market can move on again. Watch the support today.
A-Pac/higher indexes are stable. So there is a great impact on the Nikkei were not there.
The Dow (16256.14) paused a little today in the fall, profit-taking began on Friday and extend 16100-000. A strong bounce needed to prevent danger from the regression of less than 16,000. We continue to be bullish right now, but be careful of 16100-00.
Dax (9490.79-14.22) fell to intra-day low 9391.86 today, but bounced back sharply from there. This is somewhat encouraging for overall bullish scenario Dax is maybe the weakest of all the stock indexes.
If the nifty (6695.05 ma) moves up, it has to be very bullish on the chances of 6900 + in the next few weeks. If today can lead to a test of the 6600 6580. Such a dip, if this could lead to a bigger doubts immediately bullishness.
COMMODITIES
Gold (1310.166) increases after the recent rebound in 1278. Breaking 1309 level, it can now be applied in the near future, from which ice may 1325 again toward the 14th. Unless a continuous break before 1325-1330 saw bearishness would still be on the cards.
Silver (20.046) ranged from 19.6 20.2 in the last 12 sessions. It is now trying to go up eventually, but note that 20.2 20.5 is the resistance in the region and must not allow prices to continue to rise. Also shows that the bullish momentum has slowed down considerably now.
Copper (3.051) is also trying to rise up to the end to keep the last up in the channel. The movements may be restricted to the inside of the 2.95 3.05 which can target 3.10. Until we see a bullish momentum is gearing up, remains dominated by the prices.
Brent (93.18) has risen sharply to 108 target level. It has broken the resistance of the channel on a daily basis, and this may be an indication of sharp coming in the near future. Need to see if it is capable of breaking the country's levels of 108-110 which can target 113.25.
Nymex WTI (102.45) has risen to break the next resistance level is at the level of 102.08 and near 103.47 103.42. If this is we may see a decrease in the 100 before rising again; otherwise it may otherwise closer to 104-106.
THE CURRENCIES OF THE
The dollar index, (79.79) lost less than completely breaking 80.30 higher bullishness in-25 and now to move sideways 80.50 79.65.
EUR (1.3790) bounced strongly support 1.3675 and now faces strong resistance to 1.3820-40, which may hold a session or two.
Dollar-yen (101.90) has reached a very crucial point, as it is in the lower end of the 10-week channel. By keeping the above 101.50, gradual bounce toward the 103 is possible but the break below 101.50 to take in its final medium-term support to 111.40-50. Our bias is neutral.
Euro-yen (140.50), cross Test support band 140.50-139, 50 and the price action confirms the medium-term trend. The Bulls will try to return to 139.50.
Pound (1.6744) hit all the targets and 1.67-1.6750 and now may face some selling at 1.6780 1.6820 region before extending the 1.70-1.7050 rise.
Aussie (0.9374) has reached our medium-term goal of 0.9380 0.9400, and it may be time for some prudent self here, because it is above the supply zone 0.94-0.9450.
Dollar-rupee (59.93) can be affected by today's global dollar weakness against other currencies and may dip 59.95-85 at the beginning moments. The wider variety of 69.23 60.50 still sideways consolidation
INTEREST RATES
US 10 year (2.69%) and 5 v (1.67%) decreased, thus, in addition to the flattening of the yield curve even further. We, contrary to expectations, and output fell below 2.70% and 1.70%. Although the below 2.70% and 1.70% we may see profit target of 2.60% 1.60% of the support near and before we see bounce 2.75% and 1.75% respectively.
Germany and the United States (-0.23%) of 2 Yr spread is back to support the nearly-0.26 percent, and the Euro (1.3790), thus keeping in the long term, a sideways triangle intact. The German and US 10 Yr spread (-1.15%) also saw the rise and can come to test the resistance of the near-1.05%. German 10 Yr (1.56%) remained stable, and the target of less than 1.50% 1.60%.
The United States and Japan, 10 Yr spread (2.08%) fell further to test support near 2.05% and bounce from here. Dollar-yen (101.90) fell sharply and has broken below the near 102.500 support when the BOJ increased the sales tax from 8% to 5%. Governor Kuroda said the BOJ to fight deflation positive indications that the future of the economy and gave a clue as to when either procedure is carried out. Japan 10 Yr (0.61%) is also dropped. 10-5 Yr yield differential (0.43%) is testing support almost at current levels and bounce from here.
India and the United States for 10 Yr spread (6.38%) has risen further to continue to fall in the US and the rise of the outputs of the Indian producing 10% goal has drawn up 9.10. Yr India (9.10%). We look forward to continue to rise towards the 9.15 am-9.20%.
Most stock indexes fall in profit-taking in the last few days heard. The overall picture is still bullish, but with all of the indexes you need to move immediately to avoid the further fall in the near future, which may cause doubts about the medium-term bullishness.
The Nikkei (14340-266) sees a nasty fall that could test the key long-term support 14200 150 today-tomorrow. The market has taken it badly, that the BOJ will not come again soon. A break below the 14150, if seen, would require a lot of people to edit a bullish appearance. But looking at the weekly candles, there's a chance of a good bounce here. To clarify, Kuroda, and the market can move on again. Watch the support today.
A-Pac/higher indexes are stable. So there is a great impact on the Nikkei were not there.
The Dow (16256.14) paused a little today in the fall, profit-taking began on Friday and extend 16100-000. A strong bounce needed to prevent danger from the regression of less than 16,000. We continue to be bullish right now, but be careful of 16100-00.
Dax (9490.79-14.22) fell to intra-day low 9391.86 today, but bounced back sharply from there. This is somewhat encouraging for overall bullish scenario Dax is maybe the weakest of all the stock indexes.
If the nifty (6695.05 ma) moves up, it has to be very bullish on the chances of 6900 + in the next few weeks. If today can lead to a test of the 6600 6580. Such a dip, if this could lead to a bigger doubts immediately bullishness.
COMMODITIES
Gold (1310.166) increases after the recent rebound in 1278. Breaking 1309 level, it can now be applied in the near future, from which ice may 1325 again toward the 14th. Unless a continuous break before 1325-1330 saw bearishness would still be on the cards.
Silver (20.046) ranged from 19.6 20.2 in the last 12 sessions. It is now trying to go up eventually, but note that 20.2 20.5 is the resistance in the region and must not allow prices to continue to rise. Also shows that the bullish momentum has slowed down considerably now.
Copper (3.051) is also trying to rise up to the end to keep the last up in the channel. The movements may be restricted to the inside of the 2.95 3.05 which can target 3.10. Until we see a bullish momentum is gearing up, remains dominated by the prices.
Brent (93.18) has risen sharply to 108 target level. It has broken the resistance of the channel on a daily basis, and this may be an indication of sharp coming in the near future. Need to see if it is capable of breaking the country's levels of 108-110 which can target 113.25.
Nymex WTI (102.45) has risen to break the next resistance level is at the level of 102.08 and near 103.47 103.42. If this is we may see a decrease in the 100 before rising again; otherwise it may otherwise closer to 104-106.
THE CURRENCIES OF THE
The dollar index, (79.79) lost less than completely breaking 80.30 higher bullishness in-25 and now to move sideways 80.50 79.65.
EUR (1.3790) bounced strongly support 1.3675 and now faces strong resistance to 1.3820-40, which may hold a session or two.
Dollar-yen (101.90) has reached a very crucial point, as it is in the lower end of the 10-week channel. By keeping the above 101.50, gradual bounce toward the 103 is possible but the break below 101.50 to take in its final medium-term support to 111.40-50. Our bias is neutral.
Euro-yen (140.50), cross Test support band 140.50-139, 50 and the price action confirms the medium-term trend. The Bulls will try to return to 139.50.
Pound (1.6744) hit all the targets and 1.67-1.6750 and now may face some selling at 1.6780 1.6820 region before extending the 1.70-1.7050 rise.
Aussie (0.9374) has reached our medium-term goal of 0.9380 0.9400, and it may be time for some prudent self here, because it is above the supply zone 0.94-0.9450.
Dollar-rupee (59.93) can be affected by today's global dollar weakness against other currencies and may dip 59.95-85 at the beginning moments. The wider variety of 69.23 60.50 still sideways consolidation
INTEREST RATES
US 10 year (2.69%) and 5 v (1.67%) decreased, thus, in addition to the flattening of the yield curve even further. We, contrary to expectations, and output fell below 2.70% and 1.70%. Although the below 2.70% and 1.70% we may see profit target of 2.60% 1.60% of the support near and before we see bounce 2.75% and 1.75% respectively.
Germany and the United States (-0.23%) of 2 Yr spread is back to support the nearly-0.26 percent, and the Euro (1.3790), thus keeping in the long term, a sideways triangle intact. The German and US 10 Yr spread (-1.15%) also saw the rise and can come to test the resistance of the near-1.05%. German 10 Yr (1.56%) remained stable, and the target of less than 1.50% 1.60%.
The United States and Japan, 10 Yr spread (2.08%) fell further to test support near 2.05% and bounce from here. Dollar-yen (101.90) fell sharply and has broken below the near 102.500 support when the BOJ increased the sales tax from 8% to 5%. Governor Kuroda said the BOJ to fight deflation positive indications that the future of the economy and gave a clue as to when either procedure is carried out. Japan 10 Yr (0.61%) is also dropped. 10-5 Yr yield differential (0.43%) is testing support almost at current levels and bounce from here.
India and the United States for 10 Yr spread (6.38%) has risen further to continue to fall in the US and the rise of the outputs of the Indian producing 10% goal has drawn up 9.10. Yr India (9.10%). We look forward to continue to rise towards the 9.15 am-9.20%.
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