Forex Knowledge 2 MAY 2014 currency Report.
SHARES OF THE
As expected, the BOJ to keep everything intact and so did the U.s. Fed's monthly property to buy now, coming down from 45 billion dollars a month. The market action very excited and now it is waiting for us Non-farm Payroll Data to be released tonight for more instructions.
The Dow (16558.87,-0.13%) has once again traded nearly 10-week-long selection of 16,000 16600 top end. But the bulls still new high 16650 reaffirms the uptrend.
Dax (9603.23, + 0.20%) is close to the top of the range-9720 9050. Rangebound movement, 9050-9720 wide has, for some time, but the breakout above the 9720 can produce very sharp rally of 10,000 to 10,200.
Asia-pac, Shanghai (2026.36, + 0.30%) enjoys another 30 points on the bounce in the autumn of 1997 as a whole. 2147 Now only extend above the level for 2030, 2050, otherwise it can take can continue again. 2080 stands on the trend of the qualifying zone.
The Nikkei (14451.65,-0.23%) has recovered from our objective in the region. 14200 The trend of a weak below 14675-700. But the larger 15,000 14700 takes it above 200. Bias is neutral.
Nifty (6696.40,-0.28%) gathered at 6780, in the best case, the bulls than mentioned in this space, and then plunged into the 6657, 120 points in a loss of almost 60 points before a encompasses the swing again! Variation can cause a lot of pain to a lot of people, but this kind of behavior is natural within the number. The market may trade sideways for a few days-6850 6650 region. Only a break below would open the door to a much lower 6620 6650 and 6500-6400.
COMMODITIES
All are trading low after FED cut the stimulus continues to be $ 10 billion.
(1283.45) in gold and silver (19.03) fell sharply as FED cuts stimulus $ 10 billion 30 April 2014. Is currently testing the support almost 1283, Gold bounce toward the 1,300 other can see the danger of the drop to a level even though the silver is heading towards 1270 of the important support of almost 18.5. The bears have geared up to the hotel, you can manage the sideways consolidation and price a few times. Both metals are the overall downtrend.
Copper (3.0305) has been declining and is again lower than the 2.90 3. There is a small chance of bouncing back more than 3. The short-term trend is up.
Nymex WTI (99,44) fell sharply at the crude oil inventories in the u.s. is consumed. Support coming near 98 where it can recover from the 101. Brent (107.77) also collapsed and may test lower 106.5-106. After that was a bounce toward the 109-110. Overall, the uptrend should still be.
FOREX
The dollar index (79.5610), broke several downside but sharp 79.50 80.00 follow-up action is not visible. Can continue to trade within a wide range of 80.50 79.25 may remain valid for a period of 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 (1.3859) tested 1.3770-1.3880 area boundaries in one day but not to break convincingly. The Bounce is bullish enough to rise above 1.4000 1.3900 to strengthen immediately-50.
Dollar-yen (102.35) has come down after facing resistance, the rejection of 102.75. 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 Cross (141.85) tested the path is, however, more broadly, as expected, the 141 140.00 143.50 out creates a meaningful move. It can trade in this area for some time.
Pound (1.6885) is degraded before 1.6870 signal to grow toward 1.7000-50. Bullish momentum is very powerful, as long as it stays above 1.6870-40.
Aussie (0.9278) is still weak in the face of the State and the selling pressure all the demonstrations for now until you dissolve 0.9380 above 0.9400, but it may be an attempt to bounce the signal strength level now that the first 0.9330 should be. The great still supports 0.9160-30.
Dollar-rupee (60.31) is still a weak State is not the reversal signals visible. But the RBI not to buy at lower levels and has seen buyers of 60.20, which may be the trend in the decider the next session support in the region. 60.40-50 can act as resistance now.
INTEREST RATES
We will look at some of the consensus for the moves in the bond market in the world.
The FOMC also played in the script and brought the QE down to $ 45 billion a month. U.s. yields dipped further in spite of the fact and the curve continues to flatten. But we can see the crucial supports 5 coming in (1.67%) Yr 1.62% and 30 Yr (3.42%) 3.35%. We also see good support coming in the 30-10 spread (0.80%) close to the current level. All in all, although it seems unlikely, therefore, is the rise of the outside of the us in the coming weeks/months to produce.
Is better than the US NFP number today (market expectations has only K) close to + 250-275 K could help yield rises.
Watch the Spain-Germany 10 yr spread (1.49%) In Europe. It is becoming steadily for the past 12 months, but saw a corrective bounce soon. Otherwise, it is the speed of its decline.
The yield curve steepening in Japan may start as a 10-5 and 30-10 to the current level – near the supports. Maybe it can trigger us to produce also reopened a steepening?
In India, 10 Yr India (8.83%) has the support of around 8.80% and could bounce from the RBI is likely to reduce and WPI and CPI is still high.
EUR/USD: LONG AT 1.3875 FOR 1.4005 OBJECTIVE, STOP 1.3812
USD/JPY: LONGS FAVORED WHILE OVER 101.86, AWAIT TRADE OPPORTUNITY
GBP/USD: LONG AT 1.6700 FOR REVISED 1.6988; REVISE STOP AT 1.6785
USD/CHF: LOOK TO SELL .8820/25
AUD/USD: SHORT AT .9275 FOR .9136; STOP AT .9325
USD/CAD: SHORT AT 1.0986 FOR 1.0858 REVISED STOP AT 1.1005
Crosses
EUR/JPY: LONG AT 141.40 FOR REVISED 143.47; STOP AT 140.89
EUR/GBP: SELL AT .8243 FOR .8105 STOP AT .8293
EUR/CHF: SHORT AT 1.2190 FOR 1.2123; STOP AT 1.2218
EUR/CAD: SHORT AT 1.5215 FOR 1.5005 OBJ, STOP 1.5315
GBP/JPY: LONG AT 171.80 FOR 174.55, STOP AT 171.90
NZD/USD: REVISE BUY AT .8600 FOR .8746; STOP AT .8540
SHARES OF THE
As expected, the BOJ to keep everything intact and so did the U.s. Fed's monthly property to buy now, coming down from 45 billion dollars a month. The market action very excited and now it is waiting for us Non-farm Payroll Data to be released tonight for more instructions.
The Dow (16558.87,-0.13%) has once again traded nearly 10-week-long selection of 16,000 16600 top end. But the bulls still new high 16650 reaffirms the uptrend.
Dax (9603.23, + 0.20%) is close to the top of the range-9720 9050. Rangebound movement, 9050-9720 wide has, for some time, but the breakout above the 9720 can produce very sharp rally of 10,000 to 10,200.
Asia-pac, Shanghai (2026.36, + 0.30%) enjoys another 30 points on the bounce in the autumn of 1997 as a whole. 2147 Now only extend above the level for 2030, 2050, otherwise it can take can continue again. 2080 stands on the trend of the qualifying zone.
The Nikkei (14451.65,-0.23%) has recovered from our objective in the region. 14200 The trend of a weak below 14675-700. But the larger 15,000 14700 takes it above 200. Bias is neutral.
Nifty (6696.40,-0.28%) gathered at 6780, in the best case, the bulls than mentioned in this space, and then plunged into the 6657, 120 points in a loss of almost 60 points before a encompasses the swing again! Variation can cause a lot of pain to a lot of people, but this kind of behavior is natural within the number. The market may trade sideways for a few days-6850 6650 region. Only a break below would open the door to a much lower 6620 6650 and 6500-6400.
COMMODITIES
All are trading low after FED cut the stimulus continues to be $ 10 billion.
(1283.45) in gold and silver (19.03) fell sharply as FED cuts stimulus $ 10 billion 30 April 2014. Is currently testing the support almost 1283, Gold bounce toward the 1,300 other can see the danger of the drop to a level even though the silver is heading towards 1270 of the important support of almost 18.5. The bears have geared up to the hotel, you can manage the sideways consolidation and price a few times. Both metals are the overall downtrend.
Copper (3.0305) has been declining and is again lower than the 2.90 3. There is a small chance of bouncing back more than 3. The short-term trend is up.
Nymex WTI (99,44) fell sharply at the crude oil inventories in the u.s. is consumed. Support coming near 98 where it can recover from the 101. Brent (107.77) also collapsed and may test lower 106.5-106. After that was a bounce toward the 109-110. Overall, the uptrend should still be.
FOREX
The dollar index (79.5610), broke several downside but sharp 79.50 80.00 follow-up action is not visible. Can continue to trade within a wide range of 80.50 79.25 may remain valid for a period of 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 (1.3859) tested 1.3770-1.3880 area boundaries in one day but not to break convincingly. The Bounce is bullish enough to rise above 1.4000 1.3900 to strengthen immediately-50.
Dollar-yen (102.35) has come down after facing resistance, the rejection of 102.75. 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 Cross (141.85) tested the path is, however, more broadly, as expected, the 141 140.00 143.50 out creates a meaningful move. It can trade in this area for some time.
Pound (1.6885) is degraded before 1.6870 signal to grow toward 1.7000-50. Bullish momentum is very powerful, as long as it stays above 1.6870-40.
Aussie (0.9278) is still weak in the face of the State and the selling pressure all the demonstrations for now until you dissolve 0.9380 above 0.9400, but it may be an attempt to bounce the signal strength level now that the first 0.9330 should be. The great still supports 0.9160-30.
Dollar-rupee (60.31) is still a weak State is not the reversal signals visible. But the RBI not to buy at lower levels and has seen buyers of 60.20, which may be the trend in the decider the next session support in the region. 60.40-50 can act as resistance now.
INTEREST RATES
We will look at some of the consensus for the moves in the bond market in the world.
The FOMC also played in the script and brought the QE down to $ 45 billion a month. U.s. yields dipped further in spite of the fact and the curve continues to flatten. But we can see the crucial supports 5 coming in (1.67%) Yr 1.62% and 30 Yr (3.42%) 3.35%. We also see good support coming in the 30-10 spread (0.80%) close to the current level. All in all, although it seems unlikely, therefore, is the rise of the outside of the us in the coming weeks/months to produce.
Is better than the US NFP number today (market expectations has only K) close to + 250-275 K could help yield rises.
Watch the Spain-Germany 10 yr spread (1.49%) In Europe. It is becoming steadily for the past 12 months, but saw a corrective bounce soon. Otherwise, it is the speed of its decline.
The yield curve steepening in Japan may start as a 10-5 and 30-10 to the current level – near the supports. Maybe it can trigger us to produce also reopened a steepening?
In India, 10 Yr India (8.83%) has the support of around 8.80% and could bounce from the RBI is likely to reduce and WPI and CPI is still high.
EUR/USD: LONG AT 1.3875 FOR 1.4005 OBJECTIVE, STOP 1.3812
USD/JPY: LONGS FAVORED WHILE OVER 101.86, AWAIT TRADE OPPORTUNITY
GBP/USD: LONG AT 1.6700 FOR REVISED 1.6988; REVISE STOP AT 1.6785
USD/CHF: LOOK TO SELL .8820/25
AUD/USD: SHORT AT .9275 FOR .9136; STOP AT .9325
USD/CAD: SHORT AT 1.0986 FOR 1.0858 REVISED STOP AT 1.1005
Crosses
EUR/JPY: LONG AT 141.40 FOR REVISED 143.47; STOP AT 140.89
EUR/GBP: SELL AT .8243 FOR .8105 STOP AT .8293
EUR/CHF: SHORT AT 1.2190 FOR 1.2123; STOP AT 1.2218
EUR/CAD: SHORT AT 1.5215 FOR 1.5005 OBJ, STOP 1.5315
GBP/JPY: LONG AT 171.80 FOR 174.55, STOP AT 171.90
NZD/USD: REVISE BUY AT .8600 FOR .8746; STOP AT .8540
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