Friday, January 30, 2009
USD/JPY Fundamental Report30/01/2009
The dollar against the Japanese yen has not been able to maintain high levels of pressure because of the purchase, which pushed the yen to decline near the Dollar of its short-term support at 88.90 and then 88.40. Indicators of momentum in the medium term to support the declining trend, but in the short term started correct their upward slightly, and USD/JPY Record-high at 89.98 and lower at 89.19.
GBP/USD Fundamental Report30/01/2009
The pound GBP
Was able to maintain high levels of contrast to the euro, despite the decline in the beginning of today's meeting, however, is still near the same level on the levels of 1.4240 yesterday. Indicators of momentum in the medium term refers to the arrival of the to the saturated areas of procurement, but at the short-term downward movement began for the Other currencies , which had already forced him to drop an already weak confidence in the market before the U.S. data on growth in the fourth quarter of last year, and this record GBP has the highest at 1.4288 and lower at 1.4186
Was able to maintain high levels of contrast to the euro, despite the decline in the beginning of today's meeting, however, is still near the same level on the levels of 1.4240 yesterday. Indicators of momentum in the medium term refers to the arrival of the to the saturated areas of procurement, but at the short-term downward movement began for the Other currencies , which had already forced him to drop an already weak confidence in the market before the U.S. data on growth in the fourth quarter of last year, and this record GBP has the highest at 1.4288 and lower at 1.4186
Market view 30/01/2009
Market view 30/01/2009
Bad data issued yesterday on the U.S. economy, and the same in Japanese economy
During the meeting this morning, raising fears the Asian markets and has the confidence that we saw this week. Yesterday, U.S. stocks closed lower following another drop in Asian stocks this morning to take control of the decline in trade revenue (carry trades) on the market significantly, and investors moving to the low-yielding currency, which is considered a safe investment in light of current concerns in the global economy.
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Bad data issued yesterday on the U.S. economy, and the same in Japanese economy
During the meeting this morning, raising fears the Asian markets and has the confidence that we saw this week. Yesterday, U.S. stocks closed lower following another drop in Asian stocks this morning to take control of the decline in trade revenue (carry trades) on the market significantly, and investors moving to the low-yielding currency, which is considered a safe investment in light of current concerns in the global economy.
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Special Report/EUR 30/1/2009
The EUR/USD has broke short term support line 1.3070 and heading towards 1.2836. The EUR loosing its strength not just against dollar but GBP and JPY as well, the important support line at 1.2836 and resistance line at 1.3323.
Thursday, January 29, 2009
Daily Technical Analysis
EUR/USD
Comment: Struggling with interim resistance at 1.3325 and likely to hold below here again today. Some time next week we favor another squeeze up to the bottom of a horizontal cloud 1.3225.
Strategy: Buy at1.3100/1.3075, stop blew 1.2850. Add to longs above 1.3325 for short terms.
GBP/USD
Comment: Hovering at the lower edge of the downward-sloping wedge formation and likely to do so again today. A weekly close above 1.4280 is the minimum needed to hint that we have formed an interim low.
Strategy: Buy at 1.4085, adding to 1.4000, stop well below 1.3893. Add to longs on a sustained break above 1.4260.
USD/JPY
Comment: Rallying to the lower edge of a very large cloud and the 26-day moving average and likely to hold below here tody, consolidating at these slightly higher levels.Strategy: Trade the range between 89.75 and 91.25.
Comment: Struggling with interim resistance at 1.3325 and likely to hold below here again today. Some time next week we favor another squeeze up to the bottom of a horizontal cloud 1.3225.
Strategy: Buy at1.3100/1.3075, stop blew 1.2850. Add to longs above 1.3325 for short terms.
GBP/USD
Comment: Hovering at the lower edge of the downward-sloping wedge formation and likely to do so again today. A weekly close above 1.4280 is the minimum needed to hint that we have formed an interim low.
Strategy: Buy at 1.4085, adding to 1.4000, stop well below 1.3893. Add to longs on a sustained break above 1.4260.
USD/JPY
Comment: Rallying to the lower edge of a very large cloud and the 26-day moving average and likely to hold below here tody, consolidating at these slightly higher levels.Strategy: Trade the range between 89.75 and 91.25.
Wednesday, January 28, 2009
GBP/USD Daily out LOOK
GBP/USD rebound from 1.3505 extends further to 1.4283 today and at this point, intraday bias remains on the upside as long as 1.4028 minor supports holds.
We are still expecting upside of the current recovery to be limited below 1.4469.
We are still expecting upside of the current recovery to be limited below 1.4469.
Special Report
The dollar was little changed against a basket of currencies on Tuesday, the Fed which cut its key interest rate to near zero last month concludes its two - day meeting on Wednesday the market will be on alert for word of any new policy initiatives including purchases of U.S government bonds.
Late in New York the dollar was nearly unchanged against a basket of six major currencies at 84.44 it was down 0.1%.
The Euro rose0.1 percent to 1.3178 but was below a one –week high above 1.33 hit after data showing a surprise gain in German corporate sentiment.
There were few signs of improvement in the U.S economy on Tuesday, data industry group conference board showing U.S consumer confidence, another report showed U.S home prices fell by a record 18.2 percent in the year to November.
Late in New York the dollar was nearly unchanged against a basket of six major currencies at 84.44 it was down 0.1%.
The Euro rose0.1 percent to 1.3178 but was below a one –week high above 1.33 hit after data showing a surprise gain in German corporate sentiment.
There were few signs of improvement in the U.S economy on Tuesday, data industry group conference board showing U.S consumer confidence, another report showed U.S home prices fell by a record 18.2 percent in the year to November.
Tuesday, January 27, 2009
MARKET OVERVIEW
Dollar and Yen lower for the second day as risk aversion recedes.
Yen Crosses are leading the way with GBP/JPY, EUR/JPY, and CAD/JPY rising over 2% this week so for, on the other hand dollar is also pressured by strength in gold which sees it staying comfortably by above 900 level.
Technically dollar index is now at an important level that will decide the near term trend for the next few weeks
إنخفض الدولار و الين لليوم الثاني وذلك بسبب العزوف عن المخاطر اما الين مقابل العملات الاخرى مثل الاسترليني و اليورو و الكندي فقد ارتفع لاكثر من2% هذا الاسبوع ومن ناحيه اخرى فان الذهب ما يزال يستطيع بسهوله ان يبقى فوق 900 دولار , اما من الناحيه الفنيه فان مؤشر الدولار الان في مرحله مهمه من شانها ان تقرر إتجاهه على المدى القريب خلال الاسابيع المقبله
Yen Crosses are leading the way with GBP/JPY, EUR/JPY, and CAD/JPY rising over 2% this week so for, on the other hand dollar is also pressured by strength in gold which sees it staying comfortably by above 900 level.
Technically dollar index is now at an important level that will decide the near term trend for the next few weeks
إنخفض الدولار و الين لليوم الثاني وذلك بسبب العزوف عن المخاطر اما الين مقابل العملات الاخرى مثل الاسترليني و اليورو و الكندي فقد ارتفع لاكثر من2% هذا الاسبوع ومن ناحيه اخرى فان الذهب ما يزال يستطيع بسهوله ان يبقى فوق 900 دولار , اما من الناحيه الفنيه فان مؤشر الدولار الان في مرحله مهمه من شانها ان تقرر إتجاهه على المدى القريب خلال الاسابيع المقبله
Monday, January 26, 2009
EUR/USD
Yet more bad news about Eurozone bank is doing the Euro no favors'. It continues to trade in acting rang around 1.2900 and we should expect more of the same this morning.
ما زالت الاخبار الاقتصادية السيئة تسيطر على منطقة اليورو و ما يزال البنك المركزي الاوروبي لا يفعل شيء حيال ذلك من اجل الحد من ذلك في الوقت الذي يدور اليورو حول منطقة 1.2900 وقد نتوقع ان يستمر ذلك لهذا ليوم.
Disclaimer: All data provided in this document are obtained from resources that we believe are reliable. And they are provided to inform traders about markets and help them make better decisions. Therefore, FXCBS Fienex Group LLC does not hold any responsibility for mistakes that could occur in these data, or any financial impact of using these data in trading.
Special Report
The euro fell to its lowest level in six weeks against the dollar on Friday, the pound sterling fell to its lowest level in a valuable 23 against the U.S. dollar amid strong reluctance of investors to the risk of Alakiel because of weak economic data and concerns about the global economy, the yen rose as a result of what the security to reach the levels of record against the pound sterling and is close to its highest level in seven years against the euro, the dollar also got support from Timothy Jtner's candidate for the post of Secretary of the Treasury and the U.S., who said that the strength of the dollar in favor of the U.S. economy and made the remarks on Thursday when the Finance Committee confirmed the Senate is appointed to this post.
تراجع اليورو الى أدنى مستوى في ستة اسابيع مقابل الدولار يوم الجمعه وهبط الجنيه الاسترليني الى ادنى مستوى قي 23عام مقابل الدولار الامريكي وسط عزوف المستثمرين الشديد عن الاقيال على المخاطرة بسبب البيانات الاقتصادية الضعيفة و المخاوف بشأن الاقتصاد العالمي,وارتفع الين بفضل وصفه كملاذ أمن ليصعد الى مستويات قياسيه مقابل الجنيه الاسترليني و يقترب من اعلى مستوياته في سبع سنوات مقابل اليورو,كما وحصل الدولار على دعم أيضا من تصريحات تيموثي جتنير المرشح لتولي منصب وزير الخزانه الامريكيه و الذي قال أن قوة الدولار في صالح الاقتصاد الامريكي وجاءت هذه التصريحات يوم الخميس عندما اكدت اللجنه الماليه لمجلس الشيوخ تعينه في هذا المنصب.
Disclaimer: All data provided in this document are obtained from resources that we believe are reliable. And they are provided to inform traders about markets and help them make better decisions. Therefore, FXCBS Fienex Group LLC does not hold any responsibility for mistakes that could occur in these data, or any financial impact of using these data in trading.
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