USD/JPY loses some momentum and dips sharply today and further rise is still in favor with 101.82 minor support intact. Current rally is expected to continue to 61.8% projection of 77.13 to 96.70 from 92.56 at 104.65 next. On the downside, below 101.82 minor support will turn bias neutral and
Further rise is still expected with 0.9578 minor support intact. Sustained trading above 100% projection of 0.9021 to 0.9566 from 0.9206 at 0.9751 will pave the way to retest 0.9971 resistance next. On the downside, break of 0.9578 minor support is needed to indicate short term topping. Otherwise, o
Intraday bias in GBP/USD remains on the downside for the moment. As noted before, corrective rebound from 1.4830 has completed at 1.5606 after hitting 50% retracement of 1.6380 to 1.4830 at 1.5605. Deeper decline should be seen to retest 1.4830 next. On the upside, break of 1.5322 resistance is need
Intraday bias in EUR/USD remains on the downside for the moment and fall from 1.3242 is still in progress for 1.2746 support first. Break will resume whole decline from 1.3710 support. Also, this will complete a head and should top pattern (ls: 1.3171; h: 1.3710; rs: 1.3242) and should at
Yen rebounds in Asian session today after Japanese Economy Minister Akira Amari signaled his concern on recent depreciation of the currency. Amari noted that "excessive yen gains have be corrected a lot". And he warned that if yen extends losses "a lot", there will be "negat
The pair is expected to find support at 0.9631, and a fall through could take it to the next support level of 0.9571. The pair is expected to find its first resistance at 0.9757, and a rise through could take it to the next resistance level of 0.9823.
The pair is expected to find support at 102.22, and a fall through could take it to the next support level of 101.75. The pair is expected to find its first resistance at 103.19, and a rise through could take it to the next resistance level of 103.70.
The pair is expected to find support at 1.5149, and a fall through could take it to the next support level of 1.5099. The pair is expected to find its first resistance at 1.5256, and a rise through could take it to the next resistance level of 1.5313.
The pair is expected to find support at 1.2796, and a fall through could take it to the next support level of 1.2749. The pair is expected to find its first resistance at 1.2890, and a rise through could take it to the next resistance level of 1.2937.
The pair is expected to find support at 1.0222, and a fall through could take it to the next support level of 1.0162. The pair is expected to find its first resistance at 1.0328, and a rise through could take it to the next resistance level of 1.0374.
The pair is expected to find support at 0.9735, and a fall through could take it to the next support level of 0.9683. The pair is expected to find its first resistance at 0.9813, and a rise through could take it to the next resistance level of 0.9839.
Daily Forecast - 20 May 2013 Topix June contract Topix broke 1261 but only as far as 1265. It does look like we could be running out of steam at this stage. Below 1237 we retest the low of the last 2 days at 1231/30 then better support at 1221/20. This could mark the low for the day so may be worth
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Majors EUR/USD: SHORT AT 1.2915 FOR 1.2772; REVISED STOP AT 1.2915 USD/JPY: LONG AT 101.60 FOR REVISED 104.10, STOP 101.80 GBP/USD: SHORT AT 1.5330 FOR A 1.5128 OBJECTIVE; REVISE STOP AT 1.5290 USD/CHF: LONG AT .9701 FOR .9809 OBJECTIVE, STOP .9634 AUD/USD: SELL AT .9795 FOR .9581, STOP AT .9862 USD
EUR/USD Today's support: - 1.2780(main), where correction is possible. Break would give 1.2757, where correction also may be. Then follows 1.2736. Break of the latter would result in 1.2709. If a strong impulse, we would see 1.26925 and 1.2679.
In Japan, Economic Minister Amari briefly spooked the yen shorts at the open, suggesting that excessive gains have already been corrected by a large amount and any further weakness could actually become a detriment. Additionally, Amari said it will be up the govt to minimize volatility resulting fro
With 4 hours MACD crossed above signal line, intraday bias in AUD/USD is turned neutral first for some consolidations. But risk will, in any case, stays on the downside as long as 1.0015 support turned resistance holds and another decline is still in favor. Below 0.9711 will target 0.9588 support.
Intraday bias in USD/CAD remains on the upside for the moment. As noted before, correction from 1.0341 has completed at 1.0013 already. Break of 1.0341 will resume whole rally from 0.9633 and should target 1.0455 resistance first. Break will pave the way for a test on key resistance at 1.0656.
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INDIA'S CENTRAL BANK SAYS BANKS BORROWED 94.42 BLN RUPEES REFINANCE UNDER FOREX SWAPThe material has been provided by InstaForex Company - www.instaforex.com
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THAI FINMIN SAYS WORRIED ABOUT GDP AFTER WEAKER THAN EXPECTED Q1The material has been provided by InstaForex Company - www.instaforex.com
INDIA'S CENTRAL BANK SAYS MAY 17 REFINANCE 195.16 BLN RUPEESThe material has been provided by InstaForex Company - www.instaforex.com
Fitch Tegaskan Telkomsel Di 'bbb/aaa(idn)'; Prospek StabilThe material has been provided by InstaForex Company - www.instaforex.com
The Japanese yen has corrected a lot after government's economic growth policies and further correction of the currency appears to be harmful, Japanese economy minister Akira Amari said on Sunday.
Amari's comments came after yen depreciated to its lowest level in 4-1/2-years on Friday, breaching 1
Franc Climbs To 0.9679 Against Greenback, 1.2438 Against Euro
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INDONESIA'S PROPOSED 2014 BUDGET FORECASTS GDP GROWTH IN 2014 OF 6.4-6.9 PCT, INFLATION OF 3.5-5.5 PCTThe material has been provided by InstaForex Company - www.instaforex.com
Press Release: Fitch Tegaskan Telkomsel Di 'bbb/aaa(idn)'; Prospek StabilThe material has been provided by InstaForex Company - www.instaforex.com
Moody's Assigns B2 to Fantasia's proposed Rmb NotesThe material has been provided by InstaForex Company - www.instaforex.com
Visiting Chinese Premier Pledges to Build 'mutual Trust' With IndiaThe material has been provided by InstaForex Company - www.instaforex.com
