Forex - Technical research
Forex - Fundamental research
Forex - Trading signals, forecasts and strategy
Forex - Currency reports and news
Wednesday,
17 October 2007,
23:19 GMT
Forex - Fundamental research and
GCI Forex Research
by FX Research Desk
Fundamental Outlook
The euro reversed some recent losses vis-a-vis the U.S. dollar today as the single currency tested offers around the US$ 1.4230 level and was supported around the $1.4155 level. Technically, today’s intraday high was just above the 76.4% retracement of the move from $1.4280 to $1.4015. Many data were released in the U.S. today. First, September housing starts plunged 10.2% to an annualized 1.191 million units after falling a revised 3.2% in August. Second, September building permits were off 7.3% to 1.226 million units. Fed Chairman Bernanke was quoted this week as saying housing will continue to be a “significant drag” on the economy, comments that were echoed by Treasury Secretary Paulson.
• EUR
• JPY
• GBP
• CHF
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Wednesday,
17 October 2007,
04:08 GMT
Forex - Technical research and
GCI Forex Research
by FX Research Desk
Daily Recap and a day ahead
High Low High Low
EUR/ USD 1.4225 1.4143
GBP/JPY 240.01 236.62
USD/ JPY 117.45 116.44
CHF/JPY 99.53 98.37
GBP/ USD 2.0437 2.0294
EUR/GBP 0.6976 0.6950
USD/ CHF 1.1844 1.1786
EUR/CHF 1.6786 1.6738
AUD/ USD 0.9011 0.8821
GBP/CHF 2.4133 2.4006
USD/CAD 0.
• Previous Day’s Trading Range
• Daily Recap
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Wednesday,
17 October 2007,
03:46 GMT
Forex - Trading signals, forecasts and strategy and
Technical Trading
by Nikolajs Serikovs, Analyst
Forex and Dow Jones recommended levels
October 17, 2007
GMT 02:30
EUR/USD
Today’s support: - 1.4152.50, 1.4141 and 1.4130 (main), where correction is possible.Break would give 1.4118, where correction also may be. Then 1.4094. Break of the latter would result in 1.4085. If a strong impulse, we would see 1.4062. Continuation will give 1.4034.
Today’s resistance: - 1.4209, 1.4224 and 1.4249(main). Break would give 1.4263, where a correction is possible. Then 1.4275. Break of the latter would result in 1.4284. If a strong impulse, we’d see 1.4304. Continuation will give 1.4321.
USD/JPY
Today’s support: - 116.27(main). Break would bring 116.08, where correction is possible. Then 115.
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Wednesday,
17 October 2007,
03:38 GMT
Forex - Fundamental research and
GCI Forex Research
by FX Research Desk
Fundamental Outlook
The euro depreciated vis-a-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4145 level and was capped around the $1.4225 level. Technically, today’s intraday low was right around the 50% retracement of the move from $1.4280 to $1.4015. Many factors were dominant in the market today. First, the common currency came off on news that Turkey’s parliament may positively vote in the next-24 hours to conduct military operations in northern Iraq against the Kurdistan Worker’s Party (PKK). This is a very important development because it can potentially disrupt Iraqi oil exports, leading to higher energy prices and increased risk aversion. Second, Fed Chairman Bernanke spoke last night and said the FOMC voted to “do more sooner” in its most recent 50bps rate cut.
• EUR
• JPY
• GBP
• CHF
• AUD, NZD
• CAD
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Tuesday,
16 October 2007,
03:15 GMT
Forex - Trading signals, forecasts and strategy and
Technical Trading
by Nikolajs Serikovs, Analyst
Forex and Dow Jones recommended levels
October 16, 2007
GMT 02:06
EUR/USD
Today’s support: - 1.4189, 1.4152.50, 1.4141 and 1.4130 (main), where correction is possible.Break would give 1.4118, where correction also may be. Then 1.4094. Break of the latter would result in 1.4085. If a strong impulse, we would see 1.4062. Continuation will give 1.4034.
Today’s resistance: - 1.4209, 1.4224 and 1.4249(main). Break would give 1.4263, where a correction is possible. Then 1.4275. Break of the latter would result in 1.4284. If a strong impulse, we’d see 1.4304. Continuation will give 1.4321.
USD/JPY
Today’s support: - 117.02 and 116.88(main). Break would bring 116.44, where correction is possible.
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Tuesday,
16 October 2007,
01:24 GMT
Forex - Fundamental research and
GCI Forex Research
by FX Research Desk
Fundamental Outlook
The euro appreciated vis-a-vis the U.S. dollar today as the single currency tested offers around the US$ 1.4245 level and was supported around the $1.4160 level. Traders are positioning themselves ahead of Friday’s G7 meeting of central bankers and finance ministers in Washington, D.C. Most dealers believe G7 officials will mention exchange rates in their communique and will focus on the yuan rather than the weakness of the U.S. dollar. Traders also await a speech from Fed Chairman Bernanke tonight to see if he yields any clues about the possible outcome of the FOMC meeting on 30-31 October. ECB President Trichet today reiterated his call for “verbal discipline” regarding exchange rates and again warned “there are two-way risks” in the FX markets.
• EUR
• JPY
• GBP
• CHF
• AUD, NZD
• CAD
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Monday,
15 October 2007,
04:20 GMT
Forex - Trading signals, forecasts and strategy and
Technical Trading
by Nikolajs Serikovs, Analyst
Forex and Dow Jones recommended levels
October 15, 2007
GMT 03:10
EUR/USD
Today’s support: - 1.4141 and 1.4130 (main), where correction is possible.Break would give 1.4118, where correction also may be. Then 1.4094. Break of the latter would result in 1.4085. If a strong impulse, we would see 1.4062. Continuation will give 1.4034.
Today’s resistance: - 1.4209, 1.4224 and 1.4249(main). Break would give 1.4263, where a correction is possible. Then 1.4275. Break of the latter would result in 1.4284. If a strong impulse, we’d see 1.4304. Continuation will give 1.4321.
USD/JPY
Today’s support: - 117.33, 117.00 and 116.88(main). Break would bring 116.44, where correction is possible. Then 116.
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