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2012-03-01 07:00 GMT
Cable reached a morning session highs after the ECB’s LTRO
The Euro fell to a 1-week low versus the UK Pound following the ECB LTRO operation, which injected €530 billion into the European banking system. EUR/GBP is quoting in the 0.8440 zone, where it's currently showing a 0.2% loss on the day.
The euro has dropped 1 percent versus the New Zealand dollar, and has declined 0.7 percent versus Australia’s currency.
The Australian dollar rose 0.6 percent to $1.0834 after climbing to $1.0856, the strongest level witnessed since Aug. 2, 2011.
USD/CAD has been edging lower, some 85 pips below parity, at 0.9916
Read More
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2012-03-01 07:00 GMT
UK - Nationwide Housing Prices n.s.a (YoY) (Feb)
2012-03-01 09:00 GMT
EU - Purchasing Manager Index Manufacturing (Feb)
2012-03-01 09:30 GMT
UK - Purchasing Manager Index Manufacturing (Feb)
2012-03-01 10:00 GMT
EU - Unemployment Rate (Jan)
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2012-03-01 05:35 GMT
Australia Feb RBA Commodity Index SDR (YoY) 3.5%
2012-03-01 02:30 GMT
China Feb HSBC Manufacturing PMI improves to 49.6
2012-03-01 00:32 GMT
Australia Jan Building Permits (YoY) -14.6%
2012-03-01 00:31 GMT
Australia Private Capital Expenditure -0.3% in 4Q
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SUMMARY
Down
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TREND
Downward
penetration
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MA10
Bearish
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MA20
Bearish
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STOCHASTIC
Neutral
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MARKET ANALYSIS - Intraday Analysis
EURUSD after retesting 1.3486 (R2) twice, it did not manage to break above it, as a result to fell yesterday and to made a bottom at 1.3312 (S1).It seems that we are in a correction phase of our uptrend. If it breaks below that level (go short) we can expect the price to retest 1.3211 (S2), a significant strong support level. On the other hand, if the price does not manage to break below 1.3312 (S1) we can expect the pair to retest 1.3424 9 (R1) and further rise will be limited to 1.3486 (R2) a technical and psychological level for the bulls. A proper confirmation for the long positions will be when the price manages to break above 1.3366. A stop loss should be placed below 1.3312 (S1).
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SUMMARY
Up
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TREND
Up
trend
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MA10
Neutral
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MA20
Neutral
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STOCHASTIC
Neutral
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MARKET ANALYSIS - Intraday Analysis
GBPUSD rise and penetrated successfully second resistance and it came close to third(only 7 pips away), confirming our long position towards our target at 1.5969 gaining a small profit (+32 pips)! After forming top above our resistance level at 1.5991 (R1) price begin to fall and was able to come close to our support level at 1.5871 (S1) a significant both psychological and technical level. We expect the price to move further down towards 1.5871 (S1) for a correction. A break below that level it will then retest 1.5811 (S2) and further decline will then be limited to 1.5755 (S3). Look for short positions in today’s trading session with a stop loss above 1.5991 (R1).
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SUMMARY
Neutral
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TREND
Sideway
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MA10
Bullish
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MA20
Neutral
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STOCHASTIC
Neutral
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MARKET ANALYSIS - Intraday Analysis
After a successful run since the beginning of February, USDJPY formed a top at 81.66 (R1) and fell creating a strong support level at 80.00 (intraday). Yesterday the price was able to break above 80.78 (S1), retested it, and now is moving above that level. Our recommendation for today’s trading session is we open long positions only when the price breaks above 81.66 (R1). As far as the price is below that level we remain flat until we get a clearer direction of the price.
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MARKET INFORMATION AND OPINIONS: Any information provided by FXCC
on this newsletter, including but not limited to news, research, opinions, analyses
and prices, is provided as commentary on the Forex market generally -- in other
words, it is not, and should not be considered as, investment advice. Consequently,
FXCC shall not be liable for any loss or damage, including but not limited to loss
of profits, which arises directly or indirectly from reliance upon or use of information
contained on this newsletter.
RISK WARNING: Trading in Forex and Contracts for Difference (CFDs) is highly speculative
and involves substantial risk of loss. It is possible to lose all your capital.
Forex and CFDs may not be suitable for all investors. Only invest with money you
can afford to lose. Please ensure you fully understand the risks involved before
investing. Seek independent advice if necessary.
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