Forex Knowledge 27 MAY 2014 currency Report.
The u.s. market closed yesterday, and in the home country, the Ministers vowed to Modi, no news or an event to move the market, and we see the quiet day today.
The Dow is a contraction (16606.27, + 0.38%) than in the rallies and declines are shrinking even more upper & lows coming. Keep an eye on the downside and 16,300 16800-900 explosive breakout of different upside down. Dax (9892.82, + 1.28%) chart shows the price of a similar contraction too price coming off 9900 volatility. In any case, a clean break above its all-time record, taking the 9800 10300-400 now.
The Nikkei (14706.95, + 0.72%) has broken down before the launch in a short period of time reversal and 16650 rally 15200-300 or even higher. Shanghai (2040.70, 0.04%) Test the 2040-50 resistance band repeatedly without much momentum. 1990-2080 broader sideways move may continue for some time a base-building process. Supports are 2010-1990.
With the huge volatility yesterday on the nifty 7359.05, corrective mode (-0.11%) has a well established the possibility of wider consolidation 6900-7500 to achieve ever greater inroads. Most bullish option would have the opportunity to correct the above repair but the ends of the starting material 7235 7130 is looking a lot more right now. Keep an eye on the 7200-7190 and 7080 in large supports.
COMMODITIES
Precious metals are stable, copper, Brent and WTI are potentially strong before the u.s. data today.
Gold (1291.61), remains stable at 1280-1304 within regions. If we do not break between both sides still can not determine the direction. Silver (19.391) is also stable but will test the important long-term support almost at the line on the chart. This can lead to 19.66 again but if the above is allowed to remain in the region, it is seen in 19.66 bound.
Copper (3.1795) maintains the rise of targeting the resistance area 3.20-3.23-3, with 25 for the upcoming sessions. The growth of the Chinese economy, management of the ways of metal by adding the prices in the short term. We may see a small correction to 3.23 per 25-3, 3.15 before continuing to rise. All in all, the metal is on the uptrend.
Brent (110.58) is trading near the decisive resistance to 110.58 weekly line charts and when the magnitude of the movement which holds we'll see below, 110.5. Also has a fair chance to fall toward 110-109 before continuing to rise to 112. However, the above 110.58 would take more toward the 112.
Nymex WTI (104.38) is the goal of the resistance of the rally in the coming weeks, 105-103 may Disconnect if you keep 105.22-102 level. However, if it violates the above 105.25 it can rise closer to 107. A double bottom formation in graphs, which may refer to a near term bullishness.
FOREX
After a few sessions a strong dollar currencies to try to appreciate a little against the dollar, but no success yet. Big pairs is, indeed, makes it difficult for the dollar to rise much more.
EUR (1.3662) creates a corresponding Low 1.3613, near a trendline support 1.3590-80 and this bounce may take a drive up the euro 1.3700-30. But weakness remains intact beneath the 1.3800 and any bounce is supposed to encounter selling pressure.
Dollar-yen (101.97) is testing the resistance area above the 102.00-102 and 15 may take it in the project zone 102.75 103.00. The Euro-yen (139.29), rises to the important support of about 30, but if the resistance is 138.70 140 is out, there could be opportunities fell to test the 200-day MA 137.94 or even lower towards the 136.
The pound suffered from a sharp correction (1.6864) has, in recent times, but the uptrend remains intact, the objectives of the 1.70 break below the uptrend 1.6730 may itself and then take a dip in the sub-1, 6600 level would be in the cards. Watch the 1.6900-20 power above.
Aussie (0.9256) tends to stay above the great support in the region after a dramatic drop in 0.9200-0.9180, but the current structure is still weak. Are the bulls thought the large Cup & handle breakout in the near future?
Dollar-rupee (58.71) made a higher high 58.86 activation buy signal with stoploss below 58.33. While still above the old resistance area at 58.90 59.20 30-59, 00 and would make us much more confident in our long. Support comes from 58.62-55.
INTEREST RATES
US yields are testing the crucial 1.55% 5 v (1.54%) and 2.55% 10 Yr (2.55%). A clear distinction between these levels are the direction we give us direction. 30 Yr (3.40%) remained unchanged and may test support near 3.38%.
German 2 Yr spread (-0.29%) has declined at the same time, the 10 Yr spread (-1.13%) is up, breaking above resistance near-1.15% in EUR (1.3662) reverts a bit of support on a weekly basis line graphs. German 10 Yr (1.42%) was unchanged compared with the rise of 1.37% and trading near 1.45% of our goal.
The United States and Japan, 10 Yr yield spread (1.96%) is stable, as the dollar-yen (101.97) also remains almost yesterday's levels. Yield spread is testing support at the current level of 55 week MA and perform this up. Japan 10 Yr (0.59%) is also stable and development between 0.55%-0.60%.
India and the United States 10-Yr yield spread (6.15%) has bounced almost to 6.10% support as expected. 10 Yr India (8.68%) is 8.75% of the yield spread and target a bounce If the rise continues, otherwise the risk is an 8.50-8.55%, remains open.
EURUSD: 1.3715 -1.3730 on the upside, 1.3580-1.3595 on the downside.
AUDUSD: 0.9295-0.9310 on the upside, 0.9190-0.9205 on the downside.
USDJPY: 102.50-102.65 on the upside, 100.65-100.80 on the downside.
GBPUSD: 1.6920-1.6935 on the upside, 1.6760-1.6775 on the downside.
USDCAD: 1.0970-1.0985 on the upside, 1.0785-1.0800 on the downside.
NZDUSD: 0.8605-0.8620 on the upside, 0.8475 – 0.8490 on the downside.
EURJPY: 139.55-139.70 on the upside, 138.00-138.15 on the downside.
EURGBP: 0.8145-0.8160 on the upside, 0.8010-0.8025 on the downside.
XAUUSD: 1305.00-1315.00 on the upside, 1275.00-1285.00 on the downside.
BRENT: 111.50-112.50 on the upside, 108.00-109.00 on the downside.
SP500: 1915.00-1925.00 on the upside, 1840.00-1850.00 on the downside.
The u.s. market closed yesterday, and in the home country, the Ministers vowed to Modi, no news or an event to move the market, and we see the quiet day today.
The Dow is a contraction (16606.27, + 0.38%) than in the rallies and declines are shrinking even more upper & lows coming. Keep an eye on the downside and 16,300 16800-900 explosive breakout of different upside down. Dax (9892.82, + 1.28%) chart shows the price of a similar contraction too price coming off 9900 volatility. In any case, a clean break above its all-time record, taking the 9800 10300-400 now.
The Nikkei (14706.95, + 0.72%) has broken down before the launch in a short period of time reversal and 16650 rally 15200-300 or even higher. Shanghai (2040.70, 0.04%) Test the 2040-50 resistance band repeatedly without much momentum. 1990-2080 broader sideways move may continue for some time a base-building process. Supports are 2010-1990.
With the huge volatility yesterday on the nifty 7359.05, corrective mode (-0.11%) has a well established the possibility of wider consolidation 6900-7500 to achieve ever greater inroads. Most bullish option would have the opportunity to correct the above repair but the ends of the starting material 7235 7130 is looking a lot more right now. Keep an eye on the 7200-7190 and 7080 in large supports.
COMMODITIES
Precious metals are stable, copper, Brent and WTI are potentially strong before the u.s. data today.
Gold (1291.61), remains stable at 1280-1304 within regions. If we do not break between both sides still can not determine the direction. Silver (19.391) is also stable but will test the important long-term support almost at the line on the chart. This can lead to 19.66 again but if the above is allowed to remain in the region, it is seen in 19.66 bound.
Copper (3.1795) maintains the rise of targeting the resistance area 3.20-3.23-3, with 25 for the upcoming sessions. The growth of the Chinese economy, management of the ways of metal by adding the prices in the short term. We may see a small correction to 3.23 per 25-3, 3.15 before continuing to rise. All in all, the metal is on the uptrend.
Brent (110.58) is trading near the decisive resistance to 110.58 weekly line charts and when the magnitude of the movement which holds we'll see below, 110.5. Also has a fair chance to fall toward 110-109 before continuing to rise to 112. However, the above 110.58 would take more toward the 112.
Nymex WTI (104.38) is the goal of the resistance of the rally in the coming weeks, 105-103 may Disconnect if you keep 105.22-102 level. However, if it violates the above 105.25 it can rise closer to 107. A double bottom formation in graphs, which may refer to a near term bullishness.
FOREX
After a few sessions a strong dollar currencies to try to appreciate a little against the dollar, but no success yet. Big pairs is, indeed, makes it difficult for the dollar to rise much more.
EUR (1.3662) creates a corresponding Low 1.3613, near a trendline support 1.3590-80 and this bounce may take a drive up the euro 1.3700-30. But weakness remains intact beneath the 1.3800 and any bounce is supposed to encounter selling pressure.
Dollar-yen (101.97) is testing the resistance area above the 102.00-102 and 15 may take it in the project zone 102.75 103.00. The Euro-yen (139.29), rises to the important support of about 30, but if the resistance is 138.70 140 is out, there could be opportunities fell to test the 200-day MA 137.94 or even lower towards the 136.
The pound suffered from a sharp correction (1.6864) has, in recent times, but the uptrend remains intact, the objectives of the 1.70 break below the uptrend 1.6730 may itself and then take a dip in the sub-1, 6600 level would be in the cards. Watch the 1.6900-20 power above.
Aussie (0.9256) tends to stay above the great support in the region after a dramatic drop in 0.9200-0.9180, but the current structure is still weak. Are the bulls thought the large Cup & handle breakout in the near future?
Dollar-rupee (58.71) made a higher high 58.86 activation buy signal with stoploss below 58.33. While still above the old resistance area at 58.90 59.20 30-59, 00 and would make us much more confident in our long. Support comes from 58.62-55.
INTEREST RATES
US yields are testing the crucial 1.55% 5 v (1.54%) and 2.55% 10 Yr (2.55%). A clear distinction between these levels are the direction we give us direction. 30 Yr (3.40%) remained unchanged and may test support near 3.38%.
German 2 Yr spread (-0.29%) has declined at the same time, the 10 Yr spread (-1.13%) is up, breaking above resistance near-1.15% in EUR (1.3662) reverts a bit of support on a weekly basis line graphs. German 10 Yr (1.42%) was unchanged compared with the rise of 1.37% and trading near 1.45% of our goal.
The United States and Japan, 10 Yr yield spread (1.96%) is stable, as the dollar-yen (101.97) also remains almost yesterday's levels. Yield spread is testing support at the current level of 55 week MA and perform this up. Japan 10 Yr (0.59%) is also stable and development between 0.55%-0.60%.
India and the United States 10-Yr yield spread (6.15%) has bounced almost to 6.10% support as expected. 10 Yr India (8.68%) is 8.75% of the yield spread and target a bounce If the rise continues, otherwise the risk is an 8.50-8.55%, remains open.
EURUSD: 1.3715 -1.3730 on the upside, 1.3580-1.3595 on the downside.
AUDUSD: 0.9295-0.9310 on the upside, 0.9190-0.9205 on the downside.
USDJPY: 102.50-102.65 on the upside, 100.65-100.80 on the downside.
GBPUSD: 1.6920-1.6935 on the upside, 1.6760-1.6775 on the downside.
USDCAD: 1.0970-1.0985 on the upside, 1.0785-1.0800 on the downside.
NZDUSD: 0.8605-0.8620 on the upside, 0.8475 – 0.8490 on the downside.
EURJPY: 139.55-139.70 on the upside, 138.00-138.15 on the downside.
EURGBP: 0.8145-0.8160 on the upside, 0.8010-0.8025 on the downside.
XAUUSD: 1305.00-1315.00 on the upside, 1275.00-1285.00 on the downside.
BRENT: 111.50-112.50 on the upside, 108.00-109.00 on the downside.
SP500: 1915.00-1925.00 on the upside, 1840.00-1850.00 on the downside.
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