Daily Forex Market by FXCC 06Mar2012

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Daily Forex Market by FXCC 06Mar2012

Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas.

Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo. Quisque sit amet est et sapien ullamcorper pharetra. Vestibulum erat wisi, condimentum sed, commodo vitae, ornare sit amet, wisi. Aenean fermentum, elit eget tincidunt condimentum, eros ipsum rutrum orci, sagittis tempus lacus enim ac dui. Donec non enim in turpis pulvinar facilisis. Ut felis. Praesent dapibus, neque id cursus faucibus,

Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est.
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URL: https://support.fxcc.com/email/technical/06032012

UPCOMING EVENTS
2011-08-10 11:14 GMT | Pellentesque habitant morbi tristique senectus
2011-08-10 11:14 GMT | Pellentesque habitant morbi tristique senectus
2011-08-10 11:14 GMT | Pellentesque habitant morbi tristique senectus
2011-08-10 11:14 GMT | Pellentesque habitant morbi tristique senectus

FOREX NEWS
2011-08-10 11:14 GMT | Pellentesque habitant morbi tristique senectus
2011-08-10 11:14 GMT | Pellentesque habitant morbi tristique senectus
2011-08-10 11:14 GMT | Pellentesque habitant morbi tristique senectus
2011-08-10 11:14 GMT | Pellentesque habitant morbi tristique senectus

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EURUSD : 1.32013 / 1.32020
DAILY WEEKLY MONTHLY



1.3424 | 1.3362 | 1.3280 | 1.3240
1.3159 | 1.3108 | 1.3027 | 1.2969

SUMMARY : Up
TREND : Upward penetration
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo.

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GBPUSD : 1.58534 / 1.58549
DAILY WEEKLY MONTHLY



1.6068 | 1.6029 | 1.5991 | 1.5896
1.5782 | 1.5731 | 1.5680 | 1.5633

SUMMARY : Up
TREND : Upward penetration
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo.

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USDJPY : 81.426 / 81.434
DAILY WEEKLY MONTHLY



83.40 | 82.79 | 82.22 | 81.87
81.14 | 80.78 | 80.24 | 79.85

SUMMARY : Up
TREND : Upward penetration
MA10 : Bullish
MA20 : Bearish
STOCHASTIC : Overbought


MARKET ANALYSIS - Intraday Analysis

Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo.

Source: FX Central Clearing Ltd, (http://www.fxcc.com)

[alayoua]

Daily Forex Market by FXCC 06Mar2012

EUR/USD drops below 1.3200 after RBA

The EUR/USD is back under pressure again on broad USD strength following the Reserve Bank of Australia’s decision to leave rates on hold at 4.25% and accompanying Statement on Monetary Policy.The paring has posted a fresh session low at 1.3187 from an earlier high of 1.3225 and now trades at 1.3192, recording a 0.20% loss so far in Asia-Pacific trading. GBP/USD operated within a tight 1.5845/80 range during the Asian session, now quoted near the session low at the 1.5850 price zone, down around 10 pips from its starting price this Tuesday. USD/JPY is under gently pressure in Asia, with the pair now quoted near its session low at 81.43 from 81.54 at the close of the American session.

The Australian dollar has been placed under significant selling pressure this Tuesday, after the Reserve Bank of Australia (RBA) decided to keep its monetary policy unchanged at 4.25 percent and after traders digested the accompanying statement, which was markedly dovish. AUD/JPY has pulled back sharply from a session high of 87.11 to a low of 86.60
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https://support.fxcc.com/email/technical/06032012

UPCOMING EVENTS
2012-03-06 01:30 GMT | Japan Labor Cash Earnings (YoY) (Jan)
2012-03-06 03:30 GMT | Australia RBA Interest Rate Decision (Mar 6)
2012-03-06 10:00 GMT | EU - Gross Domestic Product s.a. (QoQ) (Q4)
2012-03-06 10:00 GMT | EU - Gross Domestic Product s.a. (YoY) (Q4)

FOREX NEWS
2012-03-06 03:30 GMT | Australia - RBA Interest Rate Decision remains at 4.25%
2012-03-06 01:31 GMT | Japan Labor Cash Earnings (YoY) 0% in Jan
2012-03-06 00:31 GMT | Australia 4Q Current Account Balance -8.37B
2012-03-06 00:01 GMT | UK - BRC Retail Sales Monitor - All (YoY) steadies at -0.3%

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EURUSD : 1.32038 / 1.32045
DAILY WEEKLY MONTHLY



1.3424 | 1.3362 | 1.3280 | 1.3240
1.3159 | 1.3108 | 1.3027 | 1.2969

SUMMARY : Down
TREND : Down trend
MA10 :: Bearish
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The EURUSD fell and formed a bottom at 1.3159 and then rose as mentioned in yesterday’s analysis. It seems that the price will retest our first support soon at 1.3159 (S1). A break below that level would suggest a target of 1.3108 (S2) and possibilities of a trend reversal in the daily chart. On the other hand if the price manages to stay above 1.3159 (S1) we can expect the price to retest 1.3240 (R1) yesterday’s high. A break above that level will concentrate our focus on 1.3280 (R2) a technical and psychological level as it will indicate a continuation of the uptrend (daily).

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GBPUSD : 1.58578 / 1.58589
DAILY WEEKLY MONTHLY



1.6068 | 1.6029 | 1.5991 | 1.5896
1.5782 | 1.5731 | 1.5680 | 1.5633

SUMMARY : Down
TREND : Down trend
MA10 : Neutral
MA20 : Neutral
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

After the pair formed a top at 1.5991 (R2) a yearly high, the GBPUSD fell and was able to break below yesterday’s support forming a new one at 1.5782 (S1). A break below the 1.5782 level would suggest a target of 1.5731 (S2). On the other hand if the price finds a strong momentum and breaks above our first resistance at 1.5896 (R1), we can expect the pair to retest 1.5991 (R2).

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USDJPY : 81.330 / 81.338
DAILY WEEKLY MONTHLY



83.40 | 82.79 | 82.22 | 81.87
81.14 | 80.78 | 80.24 | 79.85

SUMMARY : Up
TREND : Up trend
MA10 : Bullish
MA20 : Bullish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

The USDJPY rebounded from 81.87 (R1) a yearly high and then fell, forming a bottom at 81.14 (S1). A break below the first support level 81.14 (S1) would suggest a target of 80.78 (S2) and a further fall will be limited to 80.24 (S3). On the other hand, if the price holds its momentum on the upside we can expect a rise and retest towards 81.87 (R1) a strong technical resistance level – year high. A further rise will then bring focus to the next resistance level at 82.22 (R2).

Source: FX Central Clearing Ltd, (http://www.fxcc.com)