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Forex - Fundamental research
Forex - Trading signals, forecasts and strategy
Forex - Currency reports and news
Thursday,
09 October 2008,
03:07 GMT
Forex - Trading signals, forecasts and strategy and
Technical Trading
by Nikolajs Serikovs, Analyst
Forex and Dow Jones recommended levels
October 09, 2008
GMT 02:58
EUR/USD
Today’s support: - 1.3533(main), where correction is possible. Break would give 1.3517, where correction also may be. Then follows 1.3500. Break of the latter would result in 1.3483. If a strong impulse, we would see 1.3450. Continuation will give 1.3435 and 1.3410.
Today’s resistance: - 1.3694 and 1.3728(main). Break would give 1.3770, where a correction is possible. Then goes 1.3789. Break of the latter would result in 1.3820. If a strong impulse, we’d see 1.3847. Continuation will give 1.3864 and 1.3905.
USD/JPY
Today’s support: - 99.00, 98.55 and 98.10(main). Break would bring 97.93, where correction is possible.
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Wednesday,
08 October 2008,
03:59 GMT
Forex - Trading signals, forecasts and strategy and
Technical Trading
by Nikolajs Serikovs, Analyst
Forex and Dow Jones recommended levels
October 08, 2008
GMT 03:46
EUR/USD
Today’s support: - 1.3533(main), where correction is possible. Break would give 1.3517, where correction also may be. Then follows 1.3500. Break of the latter would result in 1.3483. If a strong impulse, we would see 1.3450. Continuation will give 1.3435 and 1.3410.
Today’s resistance: - 1.3639, 1.3668, 1.3694 and 1.3728(main). Break would give 1.3770, where a correction is possible. Then goes 1.3789. Break of the latter would result in 1.3820. If a strong impulse, we’d see 1.3847. Continuation will give 1.3864 and 1.3905.
USD/JPY
Today’s support: - 100.91 and 100.68(main). Break would bring 100.46, where correction is possible.
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Wednesday,
08 October 2008,
00:58 GMT
Forex - Fundamental research and
GCI Forex Research
by FX Research Desk
Fundamental Outlook
The euro appreciated sharply vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3740 level and was supported around the $1.3480 level. The common currency bounced back from yesterday’s sizable losses as the markets remain highly volatile and susceptible to credit-driven dislocations. Traders are eyeing several factors. First, there is some indication that European officials may be inching closer to providing a significant financial bailout of the European banking sector. France today said it will intervene to protect French financial institutions. Second, there is still a lot of talk on trading desks about a coordinated move by global central banks to lower interest rates.
• EUR
• JPY
• GBP
• CHF
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Tuesday,
07 October 2008,
07:47 GMT
Forex - Trading signals, forecasts and strategy and
Technical Trading
by Nikolajs Serikovs, Analyst
Forex and Dow Jones recommended levels
October 07, 2008
GMT 07:43
EUR/USD
Today’s support: - 1.3533(main), where correction is possible. Break would give 1.3517, where correction also may be. Then follows 1.3500. Break of the latter would result in 1.3483. If a strong impulse, we would see 1.3450. Continuation will give 1.3435 and 1.3410.
Today’s resistance: - 1.3639, 1.3668, 1.3694 and 1.3728(main). Break would give 1.3770, where a correction is possible. Then goes 1.3789. Break of the latter would result in 1.3820. If a strong impulse, we’d see 1.3847. Continuation will give 1.3864 and 1.3905.
USD/JPY
Today’s support: - 103.27, 102.12 and 101.70(main). Break would bring 101.42, where correction is possible.
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Monday,
06 October 2008,
02:28 GMT
Forex - Trading signals, forecasts and strategy and
Technical Trading
by Nikolajs Serikovs, Analyst
Forex and Dow Jones recommended levels
October 06, 2008
GMT 02:20
EUR/USD
Today’s support: - 1.3580 and 1.3553(main), where correction is possible. Break would give 1.3517, where correction also may be. Then follows 1.3500. Break of the latter would result in 1.3483. If a strong impulse, we would see 1.3450. Continuation will give 1.3435 and 1.3410.
Today’s resistance: - 1.36944130 and 1.3728(main). Break would give 1.3770, where a correction is possible. Then goes 1.3789. Break of the latter would result in 1.3820. If a strong impulse, we’d see 1.3847. Continuation will give 1.3864 and 1.3905.
USD/JPY
Today’s support: - 103.92 and 103.63(main). Break would bring 103.28, where correction is possible.
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Monday,
06 October 2008,
00:52 GMT
Forex - Technical research and
GCI Forex Research
by FX Research Desk
Weekly market recap
The euro depreciated vis-à-vis the U.S. dollar last week as the single currency tested bids around the $1.3700 level and was capped around the $1.4570 level. The pair lost about 845 pips last week. The Fed sharply increased its swap lines with major central banks to provide US$ liquidity. Federal funds and Libor rates were significantly elevated. Fed funds futures are pricing in a 70% chance the FOMC will cut 50bps this month. Kansas City Fed’s Hoenig said rates should be normalized after the current turmoil passes. The U.S. Senate and House passed a US$ 700 billion bailout package. Broad-based industry job losses in the U.S. NFP number heightens the likelihood of an economic recession.
• EUR
• JPY
• GBP
• CHF
• CAD
• AUD
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Friday,
03 October 2008,
03:25 GMT
Forex - Fundamental research and
GCI Forex Research
by FX Research Desk
Fundamental Outlook
The euro fell sharply vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3745 level and was capped around the $1.4030 level. The common currency reached its lowest level since September 2007 as traders reacted to news that the U.S. Senate approved a US$ 700 billion to bail out the troubled U.S. financial system. A similar vote could come in the U.S. House of Representatives tonight or tomorrow. European Union officials rejected talk of an EU bailout plan saying there was no need for one. Several EU leaders will convene in Paris on Saturday. Data released in the U.S. today saw August factory orders fall 4%m the sharpest contraction since October 2006, while the ex-transportation component was off 3.
• EUR
• JPY
• GBP
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