Forex Knowledge 10 JUNE 2014 currency Report.
Faster than the expected growth of inflation in China, it is estimated that in May against 2.4 (2.5%) is disappointed in Asia-Pac and original on the market in the red.
A longtime bull market price action in the Dow (16943.10, + 0.11%) are somewhat reminiscent of September 2012 top, require caution, but if a repair will not emerge from the 17,000-200 soon, the bulls could push the index to 17400 600. Dax (10008.63, + 0.21%) gives its first closure in over 10,000 levels and last repair requires a long-term bullish strength, what with the impending push up 10300-400 for as long as it remains above the 9800-700.
In the long term to meet the market-Nikkei (15077.54,-0.31%) struggles with the near-400, as expected, as profit booking 15200 is emerging in the 15200-400 in this area. Fix up the 14,700-500 could be healthy for the bulls. Shanghai (2026.83, 0.18%) marketed between 1990-2080 for a base-building process but keep an eye on the breakout between the contracting authority 2010-55 early signs. Please note, once again, the bad news does not affect the price, which is a sign of strength.
The long-term bull market-a nifty (7654.60, + 0.94%) gave its first closing above 7640 7720-40 and we will keep an eye on immediate resistance. 2-3 days by closing more than rising towards 8,000 7640 may signal-8200 and up to 8500 would be impossible. But the failure of these concentrations would be near the turn toward the 7300-200.
COMMODITIES
Gold (1253.98) has been ranged sideways within a 1200-1400 July13, and although it is still possible to stay which keeps the 1230-1225 on the downside. Only a break above: o-1261.11 can signal the rise towards the 1280-1300. All in all, in the long term, the downtrend is still in force.
Silver (19.068) has also decided to stay in areas ranging from 18.5 to 20 in the past 3 months, and unless a break on either side still shows the direction is not regulated. All in all, a downtrend.
Nymex WTI (104.72) shot up yesterday, is in violation of the above 102.94; targeting our level of 105.00 105.22 earlier When Brent (110.17) also jumped up sharply to 108.5 undoing all of the drop in pressure in the formation. All in all, the longer-term bullishness remains intact, 111-112, Brent and WTI aims at 105.25.
Copper (3.0390) extends the targeting in the coming weeks, of which 3.00 2.95, you can see the piece of log back on to the 3.05-3.07 to destruction. A break below the 2.95 can push it down to 2.90.
FOREX
The huge volatility in the euro is still visible but the other majors are almost silent. But the tornado can be that far from all the currencies in the next few days.
EUR (1.3644) is heavily addressed nearly 50% of the latest victory After a significant base of 1.35, which is expected to break soon. At the end of this repair, it might head more toward 1.3750-3800.
Dollar-yen (102.37) is trading near a 9 week long range 101-103 of the top end. The strength remains unchanged at $ 101.95-85 above, but the bulls need a break above 103. Euro-yen (139.10) is pushed to the level of 140 to the euro's weakness. Now traders take a break after contracting a range of 138-140.
Pound (1.6811) trying to get rid of the congestion zone, but it is still within the previous week. Keep an eye out for the big move and 1.6885 1.6690 signals. The trend could cancel down up soon.
Aussie (0.9351) hitting major trendline resistance 0.9365 last 3 days but extensively remain closed 0.92 0.94 in the area. The Bulls are above 0.9400 0.9365 immediately or bears may try to push the price up again.
The dollar-rupee (59.20) repair supported 59.00 59.00 levels as expected and a sideways range-45 may continue at the second session and we may see more rallies, the area is 59.45 peaked.
INTEREST RATES
Yield spreads steps toward the dollar one of the G3.
The German yield (5 v, 10 v 0.40% 1.37%) levels of the day before yesterday, moved slightly on the inside is generally reduced. In spite of this, we see good support at 1.20% 10 Yr., it market for some time to reach those levels, but without breaking below may not be easy.
Revenues from peripheral States of Europe are trending lower, if you look at Italy and Spain. Toni E-4 of the 10 Yr bond yield 1.48 percent in the composite is 1.61%, days before a meeting of the ECB in the past week. Germany and the United States between the 2 Yr spread (-0.37%) has broken below the long-term suppor-0.34%, and Germany and the United States, the 10 Yr spread (-1.27%) less than the Euro-dollar is accelarating (1.3590) pulling with it.
The United States and Japan, 10 Yr spread (2.00%) is also shifted sharply in June, 1.86%, but you might encounter resistance close to the current level. A good rise last 2.10%, it may be necessary to pull the dollar-yen (102.39) 103 past.
India and the United States to produce the 10 Yr spread (5.93%) has fallen sharply in the last week or so RBI after the meeting, but the dollar-rupee has not moved down despite the huge investments into India FII bonds. However, to continue the trend of the spread, the lower to 5.75 percent in the coming weeks.
Faster than the expected growth of inflation in China, it is estimated that in May against 2.4 (2.5%) is disappointed in Asia-Pac and original on the market in the red.
A longtime bull market price action in the Dow (16943.10, + 0.11%) are somewhat reminiscent of September 2012 top, require caution, but if a repair will not emerge from the 17,000-200 soon, the bulls could push the index to 17400 600. Dax (10008.63, + 0.21%) gives its first closure in over 10,000 levels and last repair requires a long-term bullish strength, what with the impending push up 10300-400 for as long as it remains above the 9800-700.
In the long term to meet the market-Nikkei (15077.54,-0.31%) struggles with the near-400, as expected, as profit booking 15200 is emerging in the 15200-400 in this area. Fix up the 14,700-500 could be healthy for the bulls. Shanghai (2026.83, 0.18%) marketed between 1990-2080 for a base-building process but keep an eye on the breakout between the contracting authority 2010-55 early signs. Please note, once again, the bad news does not affect the price, which is a sign of strength.
The long-term bull market-a nifty (7654.60, + 0.94%) gave its first closing above 7640 7720-40 and we will keep an eye on immediate resistance. 2-3 days by closing more than rising towards 8,000 7640 may signal-8200 and up to 8500 would be impossible. But the failure of these concentrations would be near the turn toward the 7300-200.
COMMODITIES
Gold (1253.98) has been ranged sideways within a 1200-1400 July13, and although it is still possible to stay which keeps the 1230-1225 on the downside. Only a break above: o-1261.11 can signal the rise towards the 1280-1300. All in all, in the long term, the downtrend is still in force.
Silver (19.068) has also decided to stay in areas ranging from 18.5 to 20 in the past 3 months, and unless a break on either side still shows the direction is not regulated. All in all, a downtrend.
Nymex WTI (104.72) shot up yesterday, is in violation of the above 102.94; targeting our level of 105.00 105.22 earlier When Brent (110.17) also jumped up sharply to 108.5 undoing all of the drop in pressure in the formation. All in all, the longer-term bullishness remains intact, 111-112, Brent and WTI aims at 105.25.
Copper (3.0390) extends the targeting in the coming weeks, of which 3.00 2.95, you can see the piece of log back on to the 3.05-3.07 to destruction. A break below the 2.95 can push it down to 2.90.
FOREX
The huge volatility in the euro is still visible but the other majors are almost silent. But the tornado can be that far from all the currencies in the next few days.
EUR (1.3644) is heavily addressed nearly 50% of the latest victory After a significant base of 1.35, which is expected to break soon. At the end of this repair, it might head more toward 1.3750-3800.
Dollar-yen (102.37) is trading near a 9 week long range 101-103 of the top end. The strength remains unchanged at $ 101.95-85 above, but the bulls need a break above 103. Euro-yen (139.10) is pushed to the level of 140 to the euro's weakness. Now traders take a break after contracting a range of 138-140.
Pound (1.6811) trying to get rid of the congestion zone, but it is still within the previous week. Keep an eye out for the big move and 1.6885 1.6690 signals. The trend could cancel down up soon.
Aussie (0.9351) hitting major trendline resistance 0.9365 last 3 days but extensively remain closed 0.92 0.94 in the area. The Bulls are above 0.9400 0.9365 immediately or bears may try to push the price up again.
The dollar-rupee (59.20) repair supported 59.00 59.00 levels as expected and a sideways range-45 may continue at the second session and we may see more rallies, the area is 59.45 peaked.
INTEREST RATES
Yield spreads steps toward the dollar one of the G3.
The German yield (5 v, 10 v 0.40% 1.37%) levels of the day before yesterday, moved slightly on the inside is generally reduced. In spite of this, we see good support at 1.20% 10 Yr., it market for some time to reach those levels, but without breaking below may not be easy.
Revenues from peripheral States of Europe are trending lower, if you look at Italy and Spain. Toni E-4 of the 10 Yr bond yield 1.48 percent in the composite is 1.61%, days before a meeting of the ECB in the past week. Germany and the United States between the 2 Yr spread (-0.37%) has broken below the long-term suppor-0.34%, and Germany and the United States, the 10 Yr spread (-1.27%) less than the Euro-dollar is accelarating (1.3590) pulling with it.
The United States and Japan, 10 Yr spread (2.00%) is also shifted sharply in June, 1.86%, but you might encounter resistance close to the current level. A good rise last 2.10%, it may be necessary to pull the dollar-yen (102.39) 103 past.
India and the United States to produce the 10 Yr spread (5.93%) has fallen sharply in the last week or so RBI after the meeting, but the dollar-rupee has not moved down despite the huge investments into India FII bonds. However, to continue the trend of the spread, the lower to 5.75 percent in the coming weeks.
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