Forex - Technical research
Forex - Fundamental research
Forex - Trading signals, forecasts and strategy
Forex - Currency reports and news
Monday,
29 September 2008,
04:50 GMT
Forex - Technical research and
GCI Forex Research
by FX Research Desk
Weekly market recap, week ahed
The euro appreciated vis-à-vis the U.S. dollar last week as the single currency tested offers around the $1.4865 level and was supported around the $1.4435 level. The pair gained about 150 pips last week. Bernanke and Paulson testified before Congress and called for the swift passage of their proposed US$ 700 financial markets bailout. G7 finance ministers and central bankers supported “heightened close cooperation.” The Fed established swap lines with the central banks of Australia, Denmark, Norway, and Sweden. Credit default swaps on U.S. Treasuries rose. Dallas Fed’s Fisher said the financial crisis can result on less emphasis on higher rates. Washington Mutual failed.
ECB’s Kranjec and Provopoulos cited slower activity while ECB’s Liikanen said the financial markets are the biggest economic risk.
• EUR
• JPY
• GBP
• CHF
• CAD
• AUD
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Friday,
26 September 2008,
03:42 GMT
Forex - Trading signals, forecasts and strategy and
Technical Trading
by Nikolajs Serikovs, Analyst
Forex and Dow Jones recommended levels
September 26, 2008
GMT 03:36
EUR/USD
Today’s support: - 1.4647 and 1.4622(main), where correction is possible. Break would give 1.4603, where correction also may be. Then follows 1.4583. Break of the latter would result in 1.4556. If a strong impulse, we would see 1.4532. Continuation will give 1.4507 and 1.4492.
Today’s resistance: - 1.4718, 1.4746 and 1.4771(main). Break would give 1.4804, where a correction is possible. Then goes 1.4816. Break of the latter would result in 1.4832. If a strong impulse, we’d see 1.4850. Continuation will give 1.4873 and 1.4904.
USD/JPY
Today’s support: - 105.30, 105.01 and 104.83(main). Break would bring 104.
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Friday,
26 September 2008,
02:06 GMT
Forex - Fundamental research and
GCI Forex Research
by FX Research Desk
Fundamental Outlook
The euro came off vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4585 level and was capped around the $1.4770 level. The markets are quite volatile as traders await the release of details regarding the US$ 700 billion bailout of troubled U.S. financial institutions. Congressional and governmental leaders continue to meet and there is an indication that the US$ 700 billion disbursement may be “phased” in stages to satisfy congressional Democrats. Some dealers are speculating a deal could be announced today while others don’t see a deal being reached before today or Monday. Others believe the US$ 700 billion figure is too high while others believe the US$ 700 billion figure will not be sufficient.
• EUR
• JPY
• GBP
• CHF
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Thursday,
25 September 2008,
09:09 GMT
Forex - Trading signals, forecasts and strategy and
Technical Trading
by Nikolajs Serikovs, Analyst
Forex and Dow Jones recommended levels
September 25, 2008
GMT 08:57
EUR/USD
Today’s support: - 1.4670, 1.4647 and 1.4622(main), where correction is possible. Break would give 1.4603, where correction also may be. Then follows 1.4583. Break of the latter would result in 1.4556. If a strong impulse, we would see 1.4532. Continuation will give 1.4507 and 1.4492.
Today’s resistance: - 1.4771(main). Break would give 1.4804, where a correction is possible. Then goes 1.4816. Break of the latter would result in 1.4832. If a strong impulse, we’d see 1.4850. Continuation will give 1.4873 and 1.4904.
USD/JPY
Today’s support: - 105.30, 105.01 and 104.83(main). Break would bring 104.51, where correction is possible.
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Wednesday,
24 September 2008,
22:08 GMT
Forex - Fundamental research and
GCI Forex Research
by FX Research Desk
Fundamental Outlook
The euro moved lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4680 level and was capped around the $1.4825 level. Technically, today’s intraday low was right around the 38.2% retracement of the move from $1.2475 to $1.6040. Traders are awaiting details from testimony from Federal Reserve Chairman Bernanke and Treasury Secretary Paulson before the Senate Banking Commission. Many dealers are pessimistic about the U.S. government’s plan to transfer US$ 700 billion in toxic assets from banks’ balance sheets and believe it could require more than US$ 1 trillion to recapitalize the U.S. financial system. Others are asking what would happen if the government bailout fails to achieve its desired results.
• EUR
• JPY
• GBP
• CHF
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Wednesday,
24 September 2008,
02:51 GMT
Forex - Trading signals, forecasts and strategy and
Technical Trading
by Nikolajs Serikovs, Analyst
Forex and Dow Jones recommended levels
September 24, 2008
GMT 02:44
EUR/USD
Today’s support: - 1.4647 and 1.4622(main), where correction is possible. Break would give 1.4603, where correction also may be. Then follows 1.4583. Break of the latter would result in 1.4556. If a strong impulse, we would see 1.4532. Continuation will give 1.4507 and 1.4492.
Today’s resistance: - 1.4728 and 1.4771(main). Break would give 1.4804, where a correction is possible. Then goes 1.4816. Break of the latter would result in 1.4832. If a strong impulse, we’d see 1.4850. Continuation will give 1.4873 and 1.4904.
USD/JPY
Today’s support: - 104.83(main). Break would bring 104.51, where correction is possible.
Read more >
Tuesday,
23 September 2008,
03:27 GMT
Forex - Trading signals, forecasts and strategy and
Technical Trading
by Nikolajs Serikovs, Analyst
Forex and Dow Jones recommended levels
September 23, 2008
GMT 03:22
EUR/USD
Today’s support: - 1.4730 and 1.4701(main), where correction is possible. Break would give 1.4680, where correction also may be. Then follows 1.4659. Break of the latter would result in 1.4658. If a strong impulse, we would see 1.4603. Continuation will give 1.4583.
Today’s resistance: - 1.4837 and 1.4861(main). Break would give 1.4884, where a correction is possible. Then goes 1.4904. Break of the latter would result in 1.4918. If a strong impulse, we’d see 1.4942. Continuation will give 1.4973 and 1.4985.
USD/JPY
Today’s support: - 104.83(main). Break would bring 104.51, where correction is possible. Then 104.
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