Forex Knowledge 28 MAY 2014 currency Report.
The Dow is a contraction (16675.50, + 0.42%) 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 (9940.82, + 0.49%) has to run closer to the low resistance of the 9985-10050 but strong enough uptrend seems to Push 10300-400.
The Nikkei (14642.12, 0.04%) can rally the 15200-300 or even higher now and corrections should be limited to 14300-250. Shanghai (2035.58, + 0.05%) struggling near the 2040-50 resistance band repeatedly without a lot of momentum. 1990-2080 broader sideways move may continue for some time a base-building process. Supports are 2010-1990.
Nifty corrective mode (7318,-0.56%) has a well established the possibility of wider consolidation 6900-7500 to achieve ever greater inroads. Several of the starting material 7275-70 makes it important to support but this repair may get 7130 or even lower. Keep an eye on the 7200-7190 and 7080 in large supports.
COMMODITIES
Strong u.s. and Asian shares sharply lower on the bearish for precious metals in accordance with the vision to push the The oil market appears to be in the last race in the last rally in the near term correction and expct even though copper is still upward movement.
Gold (1264.68) tumbled heavily in 1261, yesterday, (which are less than the expected level of 1280) better-than-expected u.s. data that can support the FederalReserve continue to rein in the stimulus. It will test the crucial support near 1260 if you keep bringing it back to 1280-1294 else it may face danger of 1230-1225. All in all, we believe it will continue to fall in the near future.
Copper (3.1700) is on the rise, targeting the resistance area 3.20-3, 25 in the near future. The uptrend because
Mar14 is valid. Quite likely, the copper-gold-ratio and may indicate increased bullishness in the shares.
Silver (19.125) fell sharply but remains from 19: 00 to 19.66. It can stay within these levels ranged from in the near future unless the above 19.66 is seen. The short-term downtrend is in force. Gold-Silver ratio (66.079) is more likely to decline targeting 65.5 in the near future.
Brent (110.31) and Nymex WTI (104.15) are stable now, trading at 110-111 and 103.5 104.5 areas but with a little bit of the rise was visible was-112 and 105-105.22 respectively before the downward correction. Overall, the trend is still up.
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 (1.3637) will seek to buy near a trendline support 1.3590-80 and this company, if successful, could take the Euro higher 1.3700-30. But weakness remains intact beneath the 1.3800 and any bounce is supposed to encounter selling pressure at higher levels.
Dollar-yen (101.93) is facing selling pressure is precisely our resistance to 102.00-15, but a break above resistance is required to take its major projects in the area of 102.75 103.00-The Euro-yen (138.99) is a sideways step 138.50 139.50 after bouncing the important support 138.70-30 but if the resistance is 140 is out, there could be opportunities to test the 200-day MA 137.94 per 136 or even lower.
The pound suffered from a sharp correction (1.6812) 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 (0.9261) 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. After the break, 0.92 0.94 wider can yield significant direction to the next.
The dollar-rupee (59.04) closes more than 59 strength but above 59.20-30 still needed in higher elevations. Some of the tools, refer to the area around 59.15 possible termination point at this rally, but we would like to keep the formations we target 59.50 60.00-10-65 and a break above 59.30 self. Support comes from 58.62-55.
INTEREST RATES
US yields are trading lower. 5 v (1.53%) and 10 v (2.51%) comes off a little more crucial levels of 1.55% 2.55%, respectively. We are waiting for clear yet the breakout on either side, so that we can get a clearer picture. 30 Yr (3.35%) has become a test of support almost 3.34% bounce from there, take it back to 3.50%. Yield differences include (see http://www.kshitij.com/graphgallery/usddiff.shtml#sindiff) in the US, the yield curve is likely to Flatten if yields don ? bounce.
Revenue in Europe have also seen the memo. German 10 Yr (1.38%) have to come down again to 1.37% at levels close to 1.45% of our goal. Spanish 10 Yr, 10 Yr (2.89%), France (1.79%) and Italian 10 Yr (3.00%) are all down. All eyes are on next week's ECB meeting, where it is expected that the Central Bank would cut interest rates to combat the low inflation levels.
The United States and Japan, 10 Yr yield spread (1.92%) dropped back on the US harvest, breaking the week under 55 MA, as the dollar-yen (101.93) remained stable. Japan 10 Yr (0.59%) is also stable and development between 0.55%-0.60%.
India and the United States 10-Yr yield spread (6.14%) remained stable at 6.10% bounce in support after a near 10 Yr India (8.68%) remained unchanged at 8.75% and target if you can grow even in otherwise 8.50-8.55% open.
The Dow is a contraction (16675.50, + 0.42%) 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 (9940.82, + 0.49%) has to run closer to the low resistance of the 9985-10050 but strong enough uptrend seems to Push 10300-400.
The Nikkei (14642.12, 0.04%) can rally the 15200-300 or even higher now and corrections should be limited to 14300-250. Shanghai (2035.58, + 0.05%) struggling near the 2040-50 resistance band repeatedly without a lot of momentum. 1990-2080 broader sideways move may continue for some time a base-building process. Supports are 2010-1990.
Nifty corrective mode (7318,-0.56%) has a well established the possibility of wider consolidation 6900-7500 to achieve ever greater inroads. Several of the starting material 7275-70 makes it important to support but this repair may get 7130 or even lower. Keep an eye on the 7200-7190 and 7080 in large supports.
COMMODITIES
Strong u.s. and Asian shares sharply lower on the bearish for precious metals in accordance with the vision to push the The oil market appears to be in the last race in the last rally in the near term correction and expct even though copper is still upward movement.
Gold (1264.68) tumbled heavily in 1261, yesterday, (which are less than the expected level of 1280) better-than-expected u.s. data that can support the FederalReserve continue to rein in the stimulus. It will test the crucial support near 1260 if you keep bringing it back to 1280-1294 else it may face danger of 1230-1225. All in all, we believe it will continue to fall in the near future.
Copper (3.1700) is on the rise, targeting the resistance area 3.20-3, 25 in the near future. The uptrend because
Mar14 is valid. Quite likely, the copper-gold-ratio and may indicate increased bullishness in the shares.
Silver (19.125) fell sharply but remains from 19: 00 to 19.66. It can stay within these levels ranged from in the near future unless the above 19.66 is seen. The short-term downtrend is in force. Gold-Silver ratio (66.079) is more likely to decline targeting 65.5 in the near future.
Brent (110.31) and Nymex WTI (104.15) are stable now, trading at 110-111 and 103.5 104.5 areas but with a little bit of the rise was visible was-112 and 105-105.22 respectively before the downward correction. Overall, the trend is still up.
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 (1.3637) will seek to buy near a trendline support 1.3590-80 and this company, if successful, could take the Euro higher 1.3700-30. But weakness remains intact beneath the 1.3800 and any bounce is supposed to encounter selling pressure at higher levels.
Dollar-yen (101.93) is facing selling pressure is precisely our resistance to 102.00-15, but a break above resistance is required to take its major projects in the area of 102.75 103.00-The Euro-yen (138.99) is a sideways step 138.50 139.50 after bouncing the important support 138.70-30 but if the resistance is 140 is out, there could be opportunities to test the 200-day MA 137.94 per 136 or even lower.
The pound suffered from a sharp correction (1.6812) 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 (0.9261) 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. After the break, 0.92 0.94 wider can yield significant direction to the next.
The dollar-rupee (59.04) closes more than 59 strength but above 59.20-30 still needed in higher elevations. Some of the tools, refer to the area around 59.15 possible termination point at this rally, but we would like to keep the formations we target 59.50 60.00-10-65 and a break above 59.30 self. Support comes from 58.62-55.
INTEREST RATES
US yields are trading lower. 5 v (1.53%) and 10 v (2.51%) comes off a little more crucial levels of 1.55% 2.55%, respectively. We are waiting for clear yet the breakout on either side, so that we can get a clearer picture. 30 Yr (3.35%) has become a test of support almost 3.34% bounce from there, take it back to 3.50%. Yield differences include (see http://www.kshitij.com/graphgallery/usddiff.shtml#sindiff) in the US, the yield curve is likely to Flatten if yields don ? bounce.
Revenue in Europe have also seen the memo. German 10 Yr (1.38%) have to come down again to 1.37% at levels close to 1.45% of our goal. Spanish 10 Yr, 10 Yr (2.89%), France (1.79%) and Italian 10 Yr (3.00%) are all down. All eyes are on next week's ECB meeting, where it is expected that the Central Bank would cut interest rates to combat the low inflation levels.
The United States and Japan, 10 Yr yield spread (1.92%) dropped back on the US harvest, breaking the week under 55 MA, as the dollar-yen (101.93) remained stable. Japan 10 Yr (0.59%) is also stable and development between 0.55%-0.60%.
India and the United States 10-Yr yield spread (6.14%) remained stable at 6.10% bounce in support after a near 10 Yr India (8.68%) remained unchanged at 8.75% and target if you can grow even in otherwise 8.50-8.55% open.
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