Forex Knowledge 17 JUNE 2014 currency Report.

Forex Knowledge 17 JUNE 2014 currency Report.


The Dow (16781.01, + 0.03%) has been steadily gaining over the last two days after the sharp fall but in January we will not have two consecutive down week so far. So the bulls would have to worry about until the 16600-300 breaks and next week turns out to be another down for the week. Dax (0.29%) was found in 9883.98, the support trendline and grew in January-may, tops, 9850-9800 as expected. The second raise 10300-400 still on the cards, as long as it remains above the 9800-700.
At the end of the current (Nikkei 15008.42, + 0.50%) for the repair of the ends above 15250 but significant support for repair can go a few times coming to a 14,700-650. Shanghai (2070.93,-0.72%) has achieved our original goal to 2080 of 2100-05, but the next goal, it has to be kept above support 2060-55.
Nifty (7533.55,-0.11%) were offended by the WPI as an error but tried to create a false bottom, near the intraday 7485. Stoploss long in aggressive would be to ensure the transition between the break below 7485 7485 7450. Any bounce would face selling pressure near 7580 7615. Careful stock picking can produce good results, even in this condition.
COMMODITIES
Commodities are all trading at low levels not only in copper.
(1271.80) in gold and silver (19.639) have fallen a little bit of dollar strength of currencies yesterday. Is a short-term rally in metals over? Or is this just a repair? We'll have to wait and see for a couple of sessions to confirm if the metals have continued a long-term downtrend.
Nymex WTI (106.64) and Brent (112.66) have both been suspended at higher levels after the recent rise in the past week. Need to get up from here or see some fixes before continuing the uptrend. The markets expect oil prices to a looming civil war in Iraq.
Copper (3.0600) is recovered from a well above the level of 3. 3.0-3.07 is valid for an indefinite period, and we will have to see if it rises over 3.07 3.10 in the short-term and focus on long-term downtrend.
FOREX
All currencies (except Sterling) stuck in a narrow range of the dollar itself is stuck in post-ECB's area. The dollar, the rupee is currently driven by internal factors and the data.
EUR (1.3564) tries to find strength to 1.3500-3475 support in the last 3-4 sessions, but confirmed only that a bullish reversal above 1.3630, then 1.3680. The Bias is neutral.
Dollar-yen (102.01) and trade in a few days, but the narrow 102.15 101.60 a 10 week long range 101-103 may continue for another few days. Euro-yen (138.38), try to keep holding up a weak way, but the downside risk is still likely in the testing of 137 is still there. Indicators show bullish reversal possible but which establish a break above 139.50-60.
The original objective of the 1.70 pounds (1.6964) violates any of the above, the Director-General would very much like the 1.6850 BOE said that the interest rate hike may come faster than expected. The rise may reach next target 1.71 levels as soon as 2-3 days to repair.
Aussie (0.9360) is pulled, warned yesterday and is testing major support area 0.9360-40. A Bounce here, a break of less than a large but can produce new 0.9340 take it to 0.93 or even lower. Keep an eye on the activities of the immediate price 0.9360-40.
Dollar-rupee (60.16) to achieve all the goals, and later for repair as long as the price of additional upside down 60.22 points stays above 60.00. Now, it could rise to 60.40-50 or even a major resistance area 60.80-90.
INTEREST RATES
India may WPI was shot the previous 6.1% vs. 5.2% of the depreciating rupee by 20 to 25 paisa for. 10 Yr India (8.65%) also shot up to support close to 8.5%, as expected, and you can now target the 8.70 percent in the short term. No space for the rise of the US consumer price index is to be released today.
UK 10-5 yr yield differential (0.66%) has dropped sharply and stocks than the 0.74 percent of the resistance near Iraq is part of the concern. The pound fell slightly (from 1.6964) ranged from 1.70 1.69 yesterday and can remain in the area close by.
US 5 (v) (1.70%), 10 v (2.59%) and 30 Yr (3.39) are almost stable. US 10-5 Yr yield (0.90%) is stable now, and can recover from 0.94%. But can not negate the fall towards 0.87% right now.

The Japanese and German yields are also trading lower Euro (1.3564) and the dollar yen (102.04) weakened slightly against the u.s. dollar today.