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Euro still locked in sideways consolidation as markets wait for decision on Greece. A break above 1.3235 or back below 1.3025 will be required for clearer short-term directional bias.

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EUR/USD - Euro / US Dollar Entry : 1.3095 Stop : 1.315 Resistances : 1.323 - 1.32 - 1.315 Supports : 1.298 - 1.303 - 1.3095 GBP/USD - British Pound / US Dollar Entry : 1.5795 Stop : 1.584 Resistances : 1.59 - 1.5855 - 1.5835 Supports : 1.566 - 1.5735 - 1.579 EUR/AUD - Euro / Australian dollar Resistances : 1.225 - 1.222 - 1.2175 Supports : 1.2 - 1.209 - 1.2135 USD/JPY - US Dollar / Yen Resistances : 77.5 - 77.2 - 76.9 Supports : 76.05 - 76.5 - 76.6 USD/CHF - US Dollar / Swiss Franc Resistances

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Commodity dollars Vs. USD Aud.Usd Took out really important highs last week at 1.0750’s area. On the flip side this area represents strong resistance and it has been shown in the past the bulls have failed to rally above this level.....twice. If the bulls fail to rally above it this time than we can see this pair retrace towards the inner trend line and if this level of support breaks the next level of support is around 1.0375-1.0400 area. This pair is over-due on its retracement on the daily

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EUR/USD Has regained some ground after yesterday’s weakness was contained at key near-term support and range floor at 1.3025. The downside remains vulnerable, as long as key barriers at 1.3200/32 cap the upside. This morning’s fresh strength probed levels above bear-trendline at 1.3160, however, sustained break here is required maintain fresh strength off 1.3025 for possible attack at 1.3200/32. Hourly studies are turning positive, with 20 day SMA at 1.3110, underpinning. On the downside,

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We ended Friday with a strong signal of continuation for risk appetite trends with a Dow Jones Industrial Average and AUDUSD push to new highs. However, there was no immediate sign that this push has reaffirmed the effort to build risky positions as the the markets lingered at their relative highs. A notable deviation was seen in EURUSD and other European currencies (having initially fell into a risk aversion theme), but that was quickly corrected. Now we wait for a resolution to risk trends as

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EUR USD TREND: Downward

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The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops. Every morning FTA reviews the market and the specific strategy, recalculates the risk/reward and then determines the strategy regardless of previous strategy in the

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S&P 500 Index S&P 500 index rallied on Friday, fuelled by US government jobs report, showing higher-than-expected hiring and a drop in the unemployment level. US benchmark index jumped 1.46% or 19.36 points and settled at 1,344.90 with all 10 sectors posting substantial gains, driven mainly by financial shares. Genworth Financial surged 14%, after the insurer reported it returned to profit in 4th quarter. On the downside Edwards Life tumbled 11.3%. On weekly basis S&P 500 index

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OVERVIEW Overnight the RBA has surprised markets and left interest rates unchanged at 4.25%. Their statement highlighted the strength of the US recovery and solid demand and prices for their commodities. The risk has taken this as a clear ‘risk on’ signal. Over in Europe the saga of the Greek debt talks continue and Monday saw yet another deadline come and go. Here at FXMR we contonue to be committed bears for the euro’s furture. For our part we cannot see how the huge structural differences

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GOLD Traded in a range of $1,711 to $1,738. We had expected a move lower in gold yesterday and our move to a neutral stance on gold yesterday was well timed as the metal had a rare down day. Within the last few days, we have seen gold prices react negatively to both good news in the form of the US employment data and bad news in the form of the continuing Greek tragedy. When will gold prices behave and act as they have in the past like any good safe haven asset? We believe a number of factors

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AUD/USD was initial taken lower during Monday morning trade by the developments regarding the next round of funding for the Greek’s, which looks a little shaky and then the weaker than market expected Australian Retail Sales numbers. We were leading to the downside on the number due to the heavy discounting from the department and retail stores leading into xmas, which is something which hasn’t been seen for years. Anyway, the price continued to remain heavy during the European session and

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EUR/AUD - Euro / Australian dollar Entry : 1.2145 Stop : 1.2175 Resistances : 1.2245 - 1.2215 - 1.2155 Supports : 1.2 - 1.209 - 1.2135 EUR/USD - Euro / US Dollar Resistances : 1.334 - 1.3215 - 1.3175 Supports : 1.295 - 1.303 - 1.309 USD/JPY - US Dollar / Yen Resistances : 77.25 - 77.05 - 76.75 Supports : 75.75 - 76.05 - 76.5 GBP/USD - British Pound / US Dollar Resistances : 1.59 - 1.5885 - 1.5835 Supports : 1.566 - 1.573 - 1.5775 USD/CHF - US Dollar / Swiss Franc Resistances : 0.9325 - 0.9265

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Good morning from frosty Hamburg and welcome to our Daily FX Report. The EUR has weakened for a second day in conjunction with the JPY , which has been punishing for the announcement of Japan’s Finance Minister Azumi concerning further intervention in the capital markets to curb the currency’s appreciation. However, we wish you a great day and much success in trading. Market Review – Fundamental Perspective Contrary to the expectations of many market experts, the Australian Central Bank did

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But that doesn't mean we won't wiggle our way up a few more percent in this market before the bigger selling kicks in. It will kick in, folks. It's not if, but when. The selling will be extremely healthy, and it's very necessary, but since we're still in the buy-all-pullbacks phase of this rally, the market still works its way up higher in the days, and weeks, ahead before it gets a bit nasty to the downside. It's also important that the stocks go up some more, before the larger pullback kicks

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EUR/USD Current price: 1.3107 View Live Chart for the EUR/USD The 1.3235-44 region remains key topside hurdle. Break above is necessary to gain buyers confidence for stronger rally and move focus away from additional falls towards the 1.3025-30 region, which still acts a reliable support on dips. Above 1.3244 shifts focus to tests of the 1.3460 level.   Support levels: 1.3020 1.2980 1.2960 Resistance levels: 1.3100 1.3170 1.3220 GBP/USD Current price: 1.5800 View Live Chart for the

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Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386 , 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 and 1.9430 (published on 23.10.2008) . Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter would give 1.1533, 1.1352 and 1.1181 (published оn 23.10.2008) . Dow

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GBP/USD: 1-hour Price is making lower highs while Stochastic is making higher highs? That's a bearish divergence, baby! Could GBP/USD be on the verge of breaking down? Price tested the 1.5850 handle a couple times, and both attempts ended in failure. If you feel like rooting for the dollar, you may want to consider shorting at market or in the area of 1.5850. But if you feel that the pound's bullish momentum will carry it higher, you may want to wait until we see a solid close above this

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USDCHF remains in downtrend from 0.9594, the price action from 0.9114 is treated as consolidation of downtrend. Another fall towards 0.8900 is still possible after consolidation and a breakdown below 0.9114 will signal resumption of the downtrend. Key resistance is at 0.9350, only break above this level could indicate that the fall from 0.9594 has completed at 0.9114 already, then the following upward movement could bring price back towards 0.9594 previous high.

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EURAUD  1.2227 +0.30% Fundamentals have played a big role in the recent turnaround in the EURAUD pair.  Euro speculation on a Greek resolution is trumping the dour economic sentiment plaguing the Australian dollar – with both supporting a rather strong upside move in the pair.  Finding support at the 1.2200 exchange rate, the pair is currently trading at 1.2236.  With consolidation expected in the near term future, we anticipate further momentum to push the exchange rate to

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European equities have pulled back today but this is entirely normal after last week’s rally. Stocks in Europe were up nearly 4% last week on average, and also closed above some fairly significant technical levels. The pan European Eurostoxx index broke above its 200-day sma at 2,448 and managed to sustain a weekly close above this level, on the daily candlestick chart there was a bullish shaven head pattern on Friday, which bodes well for the uptrend. So what now? It would be good if we could

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EUR/USD Near-term price action shows the pair under pressure, after several unsuccessful attempts at 1.32 barrier. While daily Ichimoku cloud continues to cap the upside, focus remains at lower targets, as the pair tested near-term range floor at 1.3025 so far. Negative hourly studies see scope for test of 1.3000, figure support / Fib 38.2% of 1.2622/1.3232 upleg, ahead of next significant level at 1.2930, 25 Jan low / Fib 50%. Negative news from Greece, put additional pressure on Euro. Upside

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We have written many times about the 16- to 18-year cycles that markets and resources follow. For example, Gold increased in price 24 times from $35 in 1970 to $850 in 1980. Oil prices increased 13 times from $2.92 a barrel in 1965 to $38.34 in 1981. Commodity prices then dropped for almost two decades: Gold prices fell 18 years until prices bottomed at $253 in 1999, oil prices followed with a 17- year decline to reach a low of $10.35 in 1998. Seventeen or eighteen years is a long time! It is

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EUR/USD Current price: 1.3043 View Live Chart for the EUR/USD EURUSD remains trading above the strong short term support around 1.3020. While there is no news in Greece, we should expect the pair above that level trading in the 1.3020 - 1.3170 range. In case there's an agreement to pay the second aid tranche to Greece, we should see the pair returning back to 1.3200; otherwise, if negotiations fail then we could have a strong sell off, pushing the pair below 1.2960.    Support

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GBP/USD - British Pound / US Dollar Entry : 1.5765 Stop : 1.5805 Resistances : 1.586 - 1.583 - 1.578 Supports : 1.5525 - 1.566 - 1.5735 EUR/JPY - Euro / Yen Entry : 100.1 Stop : 100.35 Resistances : 101.4 - 100.7 - 100.3 Supports : 99.15 - 99.35 - 99.85 EUR/AUD - Euro / Australian dollar Entry : 1.2185 Stop : 1.222 Resistances : 1.231 - 1.224 - 1.222 Supports : 1.2 - 1.2145 - 1.218 EUR/CAD - Euro / Canadian Dollar Entry : 1.3015 Stop : 1.304 Resistances : 1.3115 - 1.3065 - 1.303 Supports :

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EUR/USD    Current level - 1.3041 Several test below 1.3230 resistance area have failed and current intraday outlook is bearish for a deeper corrective pullback towards 1.2930-1.2880 before renewal of the general uptrend towards 1.34+. Current slide from 1.3205 is now testing 1.3030 support area and a violation of that level will set the focus at 1.2930. Major resistance on the upside can be spotted at 1.3110, followed by 1.3230.

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EUR/USD Euro activates reversal and targets psychological 1.30 level. EUR/USD has activated a reversal beneath key resistance at 1.3250 (38.2% Fib-Jan/Oct decline). Further compounded bearish pressure remains from the recent candle pattern and intraday DeMarkâ„¢ signals. Only a successful challenge of 1.3250 will unlock an extended recovery into our next target zone at 1.3440/60 and 1.3548 (02nd Dec high). Meanwhile, the bears need to push back beneath 1.3000 (psychological support), then 1.2879

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Precious Metals Precious metals rallied on Thursday amid positive data from the US. Gold added 0.92%, hitting more than two-month high of USD 1759.55 per ounce. The yellow metal drew support from the fall in the US jobless claims and Fed’s decision to keep low interest rates. Silver, the top gainer, was mostly tracking the gold’s jump. At the same time, platinum is likely to gather momentum on the ongoing labor strikes in Impala. Palladium soared by 1.43% over the day as the metal was lifted

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S&P 500 Index S&P 500 index modestly climbed on Thursday as the number for jobless claims fell to record low since June 2008. US benchmark index gained 0.11% or 1.45 points and finished at 1,325.54 . Retailer Gap advanced 10.7% after reporting a 6% increase in revenue at its Banana Republic stores. Abercrombie & Fitch Co. plunged 13.8% after the company said higher cotton costs will lower its adjusted 4th quarter profit and revenue will be less than Wall Street had expected. Alpha

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EUR USD TREND: Downward

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The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops. Every morning FTA reviews the market and the specific strategy, recalculates the risk/reward and then determines the strategy regardless of previous strategy in the

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EUR/CHF Forecast Technical Analysis The EUR/CHF pair had a bullish week after falling much of the last month and a half. The 1.20 level was close at one point and this more than likely got a lot of the weaker shorts out of the market. The “risk on� attitude of the markets started this rally after the US Non-Farm Payroll number certainly didn’t hurt either. It should be noted that the weekly candle is a hammer, (albeit a small one) and this could signal a rise in the rate. The breaking of the

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OVERVIEW Once again all eyes are concentrated on Greece where the debt negotiations remain fraught and on a knife�edge. For us the situation remains ‘the calm before the storm’. In many ways the market is trading as if a deal to restructure debt is inevitable. They simply do not want to consider the consequences of a disorderly default. However our reading of the situation is different. We reckon the Germans (and others) are placing such harsh conditions on any further Greek bailout funds that

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Good morning from icy Hamburg and welcome to our first Daily FX Report in this week. The EUR weakened against almost all of its most traded currency peers, before leading Greek politicians comment on the international demands for economic measures today. However, we hope you had a relaxing weekend and wish you a great start in the new trading week. Market Review – Fundamental Perspective After the European Commissioners have recorded only sluggish progress in implementing the assumed reforms

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EUR/USD Forecast Technical Analysis EUR/USD had a negative week over the last five sessions, and the pair seems to be stuck in between two big areas. The resistance can be defined as the 1.32 level, and the support can be defined as the 1.30 to 1.29 area. The resulting candle was a hammer though, and the market does look like it wants to rise. Looking at this candle, we have a simple and binary type of trade setup. The breaking of the top of the hammer, and by extension the 1.32 level would be

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EUR/USD Continues to move within 1.3025/1.3200 range, after repeated failure to reclaim previous peak at 1.3232. Near-term tone is showing the downside pressure, as the pair opened with gap lower and continues to move lower. Break below initial support and higher base at 1.3085/65, now looks for test of next levels at 1.3025/00, 01 Feb low / Fib 38.2% of 1.2622/1.3232 ascend, below which would question short-term bulls and open way for further retracement towards next significant support at

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EUR/JPY - Euro / Yen Entry : 100.2 Stop : 100.45 Resistances : 101.45 - 100.75 - 100.45 Supports : 99.35 - 99.75 - 100 EUR/AUD - Euro / Australian dollar Entry : 1.219 Stop : 1.223 Resistances : 1.2315 - 1.2265 - 1.222 Supports : 1.2 - 1.2145 - 1.218 EUR/USD - Euro / US Dollar Resistances : 1.322 - 1.315 - 1.31 Supports : 1.288 - 1.2975 - 1.3035 USD/JPY - US Dollar / Yen Resistances : 77.6 - 77.25 - 76.75 Supports : 75.7 - 76.05 - 76.5 GBP/USD - British Pound / US Dollar Resistances : 1.594 -