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TestingTitle:
EUR/USD Ignored The S&P Downgrade Of Spain
Sunrise Market Commentary : 30/04/2012
- Fixed Income: new highs for Bund Future (141.38) and US Note Future (132-17)
- Core bonds set new contract highs on Friday after the Spanish rating downgrade. However, sentiment changed in the European session and led to return action. Today, trading will be thin ahead of tomorrow's Labour Day Holiday in most of Europe. Main items this week will be the ECB meeting (Thursday) and the US payrolls (Friday).
- Currencies: EUR/USD ignored the S&P downgrade of Spain.
- On Friday morning, the focus on the European markets was on the S&P downgrade of Spain. However, the reaction developed in a very orderly way. EUR/USD reversed the early losses and the dollar lost further ground after the weaker than expected US GDP. USD/JPY is testing the key ...
Title:
Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
No significant changes from last Friday, when the pair reached fresh 4-week high at 1.3269. Overnight price action moved within narrow range , hovering around 1.3250. Positive tone on short-term studies keeps the upside favored, with immediate targets at 1.3269 and 1.3277, 02 Apr low, above which to expose psychological barrier at 1.3300. Overnight’s low at 1.3230 offers initial support, ahead of 1.3200, figure support / 55 day MA, while only break below 1.3157/64, last Friday’s low / Fib 38.2% of 1.2993/1.3269 ascend, would delay bulls.
Res: 1.3269, 1.3277, 1.3300, 1.3366
Sup: 1.3229, 1.3211, 1.3200, 1.3157
GBP/USD
Maintains strong bullish tone, with gains accelerating after clearance of 1.6200 barrier. Overnight’s gap higher opening confirms upside action towards 1.6300, ...
Title:
Technical analysis of the XAU/USD (Gold) pair on April 30th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD made a shy return above 1660 points.
The pair is moving above the upper band of its short term bearish channel (purple lines) and is testing the lower band of its long term bullish channel.
Indicators are globaly bullish.
We continues to advise long positions as far as 1650 points is resistance.
The breakout of 1680 points will give a new buy signal and open the way towards 1700 points.
In case of return above 1650 points, we will wait the breakout of 1640 points to advise short positions.
See the previous analysis of the XAU/USD pair of April 26th, 2012
XAU/USD Analysis
Title:
Low US growth pushes for QE3, but what about inflation?
Forex Morning Briefing : Low US growth pushes for QE3, but what about inflation?
What’s new:
Asia: Outlook for lower rates in Australia takes risk higher across the board.
Europe: Good Italian bond auction calmed markets post Spanish downgrades.
US: Q1 GDP missed expectations, but stocks closed the week on a positive note.
Rates in Asia and Indices:
EUR/USD 1.3229 1.3268 -0.02 %
USD/CHF 0.9056 0.9079 -0.02 %
GBP/USD 1.6264 1.6297 0.11 %
USD/JPY 80.08 80.39 0.16 %
EUR/CHF 1.2000 1.2052 0.01 %
EUR/JPY 106.05 106.44 0.19 %
Dow Jones 13192.21 13266.68 0.17 %
Nasdaq 2723.16 2750.5 0.59 %
S&P 500 1397.31 1406.64 0.24 %
Nikkei 225 9463.6 9691.7 -0.42 %
Shanghai 2393.867 2408. ...
Title:
Technical analysis of the EUR/JPY pair on April 30th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY found resistance last friday on the fibonacci retracement 38.20% at 107.12.
The pair is currently testing the fibonacci retracement 23.60% at 106.17.
Indicators are globaly bearish.
We are neutral on the pair between 106 and 107.
We advise to wait an exit of this range to take position:
- Long above 107. The breakout of 107.50 and 108 will both give a new buy signal
- Short below 106. The breakout of 105.50 and 105 will both gvie a new sell signal.
See the previous analysis of the EUR/JPY pair of April 26th, 2012
EUR/JPY Analysis
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Technical analysis of the NZD/USD pair on April 30th, 2012
Commentary of the NZD/USD pair :
A strong bullish movement occured on the pair NZD/USD and the breakout of 0.8206 gave us a buy signal.
Currently, the pair is testing the resistance at 0.8235.
All indicators are bullish.
We now advise to trade the pair according to the key level at 0.8180 :
- Long above this level. The breakout of 0.8235 and 0.8283 will both give a new buy signal
- Short below this level. The breakotu of 0.8134 and 0.81 will both give a new sell signal.
See the previous analysis of the NZD/USD pair of April 26th, 2012
NZD/USD Analysis
Title:
Technical analysis of the USD/CAD pair on April 30th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD made a pullback on the resistance at 0.9866 last friday and then took up its bearish movement.
The pair is currently testing the support at 0.98.
All indicators are bearish.
The pair is moving just below the lower band its bearish channel (purple lines).
We continues to advise short positions as far as 0.9880 is resistance.
The breakout of 0.98 will give a new sell signal and open the way towards 0.9750.
In case of return above 0.9880, we will wait the breakout of 0.9910 to advise long positions.
See the previous analysis of the USD/CAD pair of April 26th, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/CHF pair on April 30th, 2012
Commentary of the USD/CHF pair :
The pair USD/CHF has continued its bearish movement and is currently testing the support at 0.9050.
All indicators are bearish.
The pair is still moving below its bearish slant (purple line).
We now advise to trade only short positions as far as 0.9120 is resistance.
The breakout of 0.9050 will give a new sell signal and open the way towards 0.90.
In case of return above 0.9120, we will wait the breakout of 0.9150 to advise long positions.
See the previous analysis of the USD/CHF pair of April 26th, 2012
USD/CHF Analysis
Title:
A busy mixed week for the superpower
Multiple key data and reports from the key sectors and activities were released this week in the superpower all in all confirming one clear scheme; the world's leading economy is expanding only moderately, watching a gradual recovery taking place successfully but remains insufficient to suppress the jobless levels to boost growth.
It is no surprise that the Federal Open Market Committee decided as accustomed and as already forecasted to keep the federal funds target rate intact at its historical low of 0.00 percent to 0.25 percent, and attesting once again that the country's economic momentum during this past period was "expanding moderately".
Having in mind that several times before we have watched the FOMC members pledge to keep exceptionally low rates through at least late 2014; the ...
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