Forex Forecasts - Forex Trading Forecasts - Page 38

Dollar Climbs to a Six-Month High, EUR/USD Soon to Break

On one hand, the S&P 500 - a benchmark for risk appetite trends - closed this past week at its highest level in five years. On the other, we have the Dow Jones FXCM Dollar Index (ticker = USDollar) - the world's reserve currency and thereby a primary safe haven - closing Friday at its highest level in six months...

EUR / USD - Continuing to Bounce Between 1.33 and 1.34

As expected, last week the Euro has run into a brick wall of supply at 1.34 which was a previous resistance level earlier last year. A couple of weeks ago, the Euro finished the week very strongly surging up through the resistance level at 1.33 that had established itself over the last month or so...

GBP/USD: prospects are not bright

GBP/USD tested $1.5842 today and then returned to $1.5890 recoiling up from strong support. Yet, experts say it may be just a 'dead cat's bounce' - a short jump ahead of further decline. The most sensible strategy seems to be selling on sterling's attempts to recover and it may be kept in place as long as pound's trading below $1.6000...

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US Dollar Strengthens on Europe and BOJ Meeting

A resurfacing of US debt ceiling concerns on Monday saw a sharp fall in the S&P500 index, and a rally in the US Dollar as investors sought the safer asset...

EUR / USD – Returning to its Other Friend at 1.34

As expected, within the last week the Euro has run into a brick wall at 1.34 which was a previous resistance level earlier last year. In doing so however, this pushed the Euro up into territory not seen in nine months...

GBP/USD: Current outlook for January 16, 2013

The pair is trading below the 1.6000-1.6060 support-turned-resistance area, which contains the 50-Day SMA and the 100-Day SMA, so we see the risks of additional setbacks towards the 200-Day SMA by 1.5900 or the 1.5750 support...


Dollar Primed for Breakout after EUR/USD Retreats from 1.3400

The dollar has put in for a few particularly interesting moves over the past 24 hours. Yesterday, the greenback extended its advance against the euro to more permanently shift EURUSD off multi-month highs at 1.3400, while GBPUSD closed below 1.6000 for the first time in eight weeks...

EUR / USD – Trying to Hold On to the Key Level of 1.33

As expected, the Euro ran into a brick wall at 1.34 which was a previous resistance level earlier last year. In doing so however, this pushed the Euro up into territory not seen in nine months...

GBP/USD: Pound reverses previous session losses

The pair is expected to find support at 1.6032, and a fall through could take it to the next support level of 1.5999. The pair is expected to find its first resistance at 1.6100, and a rise through could take it to the next resistance level of 1.6135...

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EUR/USD: Euro retreated as debt ceiling fears bolstered demand for the greenback

The pair is expected to find support at 1.3240, and a fall through could take it to the next support level of 1.3190. The pair is expected to find its first resistance at 1.3364, and a rise through could take it to the next resistance level of 1.3438...

GBP / USD – Trading back below the significant level of 1.6150

Over the last month or so, the Cable has displayed interesting price action as it has firmly established some key levels 150 pips from each other. These levels are at 1.63, 1.6150, 1.60 and 1.5850...

EUR/USD: Euro trading lower ahead of inflation data in the Euro-zone

The pair is expected to find support at 1.3328, and a fall through could take it to the next support level of 1.3300. The pair is expected to find its first resistance at 1.3393, and a rise through could take it to the next resistance level of 1.3429...


EUR/USD: Current outlook for January 15, 2013

The pair is consolidating above the 1.3300 resistance, thus confirming the medium-term upside run above the 1.3500 resistance towards the 1.4000 level...

EUR/USD: Euro extending its Friday’s gains

The pair is expected to find support at 1.3292, and a fall through could take it to the next support level of 1.3192. The pair is expected to find its first resistance at 1.3448, and a rise through could take it to the next resistance level of 1.3504...

US Dollar Under Fire as S&P 500 Hits Four-Month High

Prices turned lower from resistance at the top of a rising channel set from mid-September, taking out near-term support at smaller channel bottom to expose the 50% Fibonacci retracement at 10038. A further push below that aims for the 61.8% level at 10009...

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January 14, 2013: Asian session

US dollar weakened vs. its counterparts after Chicago FRB President Charles Evans said the central bank should keep policy accommodative to support the economy. The Fed’s Chairman will speak today at 21:00 GMT – this speech may clarify the central bank's monetary easing prospects...

US Dollar Corrects Higher, Wells Fargo Earnings on Tap

The US Dollar corrected higher – rising against all of its leading counterparts – as prices corrected after yesterday’s aggressive selloff. The greenback fell 0.6 percent, marking the largest single-day drop in close to four months, as risk appetite swelled in the wake of better-than-expected Chinese trade figures...

EUR/USD: Euro gained as ECB unanimously left rates unchanged; trading lower this morning

The pair is expected to find support at 1.3108, and a fall through could take it to the next support level of 1.2957. The pair is expected to find its first resistance at 1.3345, and a rise through could take it to the next resistance level of 1.3431...


Euro Rallies on Strong Spanish Bond Auction - ECB Ahead

A continued weakening of the Japanese Yen and a strong Spanish bond auction have pushed up demand for high beta currencies and risk-correlated assets in the first half of the European trading day...

AUD/USD – 1.05 secured after Chinese Trade Balance

AUD/USD traded back below 1.05 briefly during early Asian session, and was propelled upwards thanks to impressive Chinese Trade Balance figures. Y/Y Exports grew 14.1% in Dec vs 5.0% est and Imports grew 6.0% vs 3.5% est...

EUR/USD: Euro trading lower as investors await the ECB policy meeting later today

The pair is expected to find support at 1.3023, and a fall through could take it to the next support level of 1.3. The pair is expected to find its first resistance at 1.3082, and a rise through could take it to the next resistance level of 1.3118...


US Dollar Finds Support as S&P 500 Continues to Stall

Prices found support at 10059, the 23.6% Fibonacci retracement. A bounce from here sees initial channel top resistance at 10133, with a break above that targeting the January 4 high at 10158. Alternatively, a drop through support exposes the 38.2% level at 9998...

USD/JPY Technicals – 1st Weakness seen in rally

USD/JPY showing 1st sign of weakness since the Dec rally which saw price rose from 82.5 to a high of 88.4. Stochastic indicator is hinting to dip below 80, the confirmation for a Sell Signal after entering into “Overbought” region since 13 Dec...

GBP/USD: BRC shop price inflation remained stable at 1.5%

The pair is expected to find support at 1.6010, and a fall through could take it to the next support level of 1.5977. The pair is expected to find its first resistance at 1.6096, and a rise through could take it to the next resistance level of 1.6148...


EUR/USD – German Exports Weaker due to Eurozone Crisis

German Trade balance fell to 14.6B from 15.4B as exports dropped 3.4%, much more than analysts forecast of a 0.5% decrease. Data shows exports to European Union are down by 4.0%, while exports to the greater Eurozone fell by 5.7%...

GBP/USD: UK to moderately recover in 2013, indicates BCC

The pair is expected to find support at 1.6045, and a fall through could take it to the next support level of 1.5979. The pair is expected to find its first resistance at 1.6152, and a rise through could take it to the next resistance level of 1.6195...

Trading signals for Monday 07 January 2013

GCI Forex News - Trading signals for Monday 07-01-2013...


EUR/USD Technicals – Weekly Support Threatened

EUR/USD has been on the wane since the turn of the year, with prices pushing lower lowers and lower highs each day. The only exception being last Friday where USD weakened on the back of higher than expected unemployment rate...

GBP/USD: UK’s Lloyds employment confidence index rises in December

The pair is expected to find support at 1.6003, and a fall through could take it to the next support level of 1.597. The pair is expected to find its first resistance at 1.6076, and a rise through could take it to the next resistance level of 1.6116...

Yen Poised to Extend Overnight Gains on Risk Aversion

The Japanese Yen outperformed in overnight trade as Asian stocks declined, driving demand for safety-linked currencies. The MSCI Asia Pacific equity index fell 0.3 percent...


  


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