Forex - Technical research
Forex - Fundamental research
Forex - Trading signals, forecasts and strategy
Forex - Currency reports and news
Thursday,
02 October 2008,
07:26 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$ 1.3975 level and was capped around the $1.4175 level. The common currency reached its weakest level since 11 September as traders speculated the U.S. Senate would pass a US$ 700 billion bailout package for troubled financial institutions later in the day and apply pressure on the House of Representatives to pass similar legislation tomorrow. There are also reports the legislation contains provisions for the Federal Deposit Insurance Corporation to raise its depositor protection to US$ 250,000 from $100,000. Data released in the U.S. today saw ADP September private sector jobs fall 8,000 and August’s payroll tallies were revised to -37,000 from -33,000.
• EUR
• JPY
• GBP
• CHF
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Thursday,
02 October 2008,
02:48 GMT
Forex - Trading signals, forecasts and strategy and
Technical Trading
by Nikolajs Serikovs, Analyst
Forex and Dow Jones recommended levels
October 02, 2008
GMT 02:42
EUR/USD
Today’s support: - 1.3916 and 1.3905(main), where correction is possible. Break would give 1.3894, where correction also may be. Then follows 1.3862. Break of the latter would result in 1.3826. If a strong impulse, we would see 1.3794. Continuation will give 1.3770.
Today’s resistance: - 1.4065, 1.4096, 1.4130 and 1.4175(main). Break would give 1.4198, where a correction is possible. Then goes 1.4220. Break of the latter would result in 1.4263. If a strong impulse, we’d see 1.4286. Continuation will give 1.4308.
USD/JPY
Today’s support: - 105.51, 105.30 and 105.16 (main). Break would bring 104.86, where correction is possible.
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Wednesday,
01 October 2008,
02:53 GMT
Forex - Trading signals, forecasts and strategy and
Technical Trading
by Nikolajs Serikovs, Analyst
Forex and Dow Jones recommended levels
October 01, 2008
GMT 02:46
EUR/USD
Today’s support: - 1.3995 and 1.3958(main), where correction is possible. Break would give 1.3927, where correction also may be. Then follows 1.3894. Break of the latter would result in 1.3862. If a strong impulse, we would see 1.3826. Continuation will give 1.3794 and 1.3770.
Today’s resistance: - 1.4154, 1.4198 and 1.4220(main). Break would give 1.4263, where a correction is possible. Then goes 1.4286. Break of the latter would result in 1.4308. If a strong impulse, we’d see 1.4346. Continuation will give 1.4377 and 1.4400.
USD/JPY
Today’s support: - 105.51, 105.30 and 105.16 (main). Break would bring 104.
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Wednesday,
01 October 2008,
00:21 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$ 1.4010 level and was capped around the $1.4430 level. Strong gains in U.S. equity markets pushed the common currency lower. U.S. legislators have yet to agree on a final bailout package for troubled U.S. financial institutions and many traders continue to believe a US$ 700 billion deal will be reached by Thursday. President Bush said the economy is at a “critical moment” and needs the legislation passed. U.S. interbank lending rates remain significantly elevated as the federal funds rate opened at 7.0% today, well above the Fed’s current 2.0% target rate. Similarly, the Libor rate on overnight U.
• EUR
• JPY
• GBP
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Tuesday,
30 September 2008,
03:20 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$ 1.4300 figure and was capped around the $1.4565 level. The U.S. dollar rocketed as U.S dollar liquidity sharply plummeted around the world on account of the ongoing financial crisis. The Federal Reserve sharply increased the size its 84-day Term Auction Facility and lifted its swap lines with Bank of Japan, the European Central Bank, Bank of Canada, Swiss National Bank, Reserve Bank of Australia, and Scandinavian central banks. Data released in the U.S. today saw the August Chicago Fed’s manufacturing index fall 2.6% m/m. Also, August consumer spending was unchanged and August personal income was up 0.
• EUR
• JPY
• GBP
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Tuesday,
30 September 2008,
02:11 GMT
Forex - Trading signals, forecasts and strategy and
Technical Trading
by Nikolajs Serikovs, Analyst
Forex and Dow Jones recommended levels
September 30, 2008
GMT 02:04
EUR/USD
Today’s support: - 1.4332(main), where correction is possible. Break would give 1.4308, where correction also may be. Then follows 1.4286. Break of the latter would result in 1.4265. If a strong impulse, we would see 1.4244. Continuation will give 1.4220 and 1.4198.
Today’s resistance: - 1.4448 and 1.4479(main). Break would give 1.4503, where a correction is possible. Then goes 1.4537. Break of the latter would result in 1.4560. If a strong impulse, we’d see 1.4583. Continuation will give 1.4604 and 1.4623.
USD/JPY
Today’s support: - 103.25 and 102.71(main). Break would bring 102.37, where correction is possible.
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Monday,
29 September 2008,
07:08 GMT
Forex - Trading signals, forecasts and strategy and
Technical Trading
by Nikolajs Serikovs, Analyst
Forex and Dow Jones recommended levels
September 29, 2008
GMT 06:52
EUR/USD
Today’s support: - 1.4363 and 1.4332(main), where correction is possible. Break would give 1.4308, where correction also may be. Then follows 1.4286. Break of the latter would result in 1.4265. If a strong impulse, we would see 1.4244. Continuation will give 1.4220 and 1.4198.
Today’s resistance: - 1.4448 and 1.4479(main). Break would give 1.4503, where a correction is possible. Then goes 1.4537. Break of the latter would result in 1.4560. If a strong impulse, we’d see 1.4583. Continuation will give 1.4604 and 1.4623.
USD/JPY
Today’s support: - 105.74, 105.30, 105.01 and 104.83(main). Break would bring 104.
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