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2012-03-21 07:00 GMT
EUR/USD ends Asian trade above Monday highs
EUR/USD is currently at 1.3267 retreating from session highs at 1.3283, highest since March 08, still up for the session +0.30% and +0.71% for the week. European futures point for a higher open following the run up in US futures in after hours, and the rise in commodities during the Asian trade, although local share markets have traded in a mixed way with mostly all indexes in the red, Nikkei lower near session lows by -0.59%.At the start of trading this Wednesday, USD/JPY is trading a tight 83.52-83.72 range, last at 83.60 with support levels noted at 83.30, 83.10 and 82.80, while resistance is seen at 83.80, 84.15 and 84.45.
AUD/USD has given up all of its earlier gains this Wednesday in Asia, coming off hard from its 1.0525 intraday high to levels back near its starting price at 1.0477.After consolidating above the 0.8300 handle for the last week, EUR/GBP has recently broken to the upside and has risen to a 6-day high of 0.8358 this Wednesday in Asia, last quoted at 0.8355, up 20 pips above its opening price.
Read More
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2012-03-21 09:30 GMT
United Kingdom
Bank of England Minutes
2012-03-21 09:30 GMT
United Kingdom
Public Sector Net Borrowing (Feb)
2012-03-21 12:00 GMT
Canada
Leading Indicators (MoM) (Feb)
2012-03-21 13:30 GMT
United States
Fed's Bernanke Speech
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2012-03-21 05:45 GMT
EUR/USD ends Asian trade above Monday highs
2012-03-21 05:36 GMT
GBP/USD limited below 1.5900 ahead of Europe
2012-03-21 02:50 GMT
EUR/GBP climbs to 6-day high near 0.8360
2012-03-21 02:09 GMT
EUR/JPY limited below 111.00 figure
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SUMMARY
Up
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TREND
Up
trend
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MA10
Bullish
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MA20
Bullish
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STOCHASTIC
Neutral
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MARKET ANALYSIS - Intraday Analysis
EURUSD gained momentum and formed a higher top, successfully penetrating yesterday's resistance making a new high at 1.3283 (R1). The pair is moving upwards and we expect the price to continue its uptrend but only a break above 1.3283 (R1) will give as a confirmation for long positions targeting 1.3324 (R2). As far as the price is below 1.3283 (R1) we remain flat.
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SUMMARY
Up
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TREND
Up
trend
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MA10
Bullish
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MA20
Bullish
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STOCHASTIC
Overbought
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MARKET ANALYSIS - Intraday Analysis
GBPUSD fell on yesterday’s trading session and was supported at 1.5819 (S1) a strong technical level. The price then rose and was able to close in the middle of first support and resistance level and now it seems that the price is gaining momentum. A break above 1.5913 (R1) would suggest a target at 1.5967 (R2) and further rise will be limited at 1.5997 (R3). Look for long positions at 1.5913 targeting recommended resistance levels.
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SUMMARY
Neutral
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TREND
Sideway
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MA10
Neutral
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MA20
Bullish
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STOCHASTIC
Neutral
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MARKET ANALYSIS - Intraday Analysis
The USDJPY didn’t made any significant moves in yesterday’s trading session and is still trapped in the 83.00 – 83.81 range. A break in either direction will determine the trading bias in today`s session. A break below 83.00 will confirm our short positions targeting 82.58 (S2) and a further fall will be limited to 81.94 (S3). On the other hand, if the pair breaks above the first resistance level of 83.81 (R1), we would expect the price to retest 84.18 (R2) a year high and further rise will then focus at 84.57 (R3).
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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.
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investing. Seek independent advice if necessary.
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