Daily Forex Market by FXCC 18Apr2012

Daily Forex Market by FXCC 18Apr2012

EUR/USD unchanged above 1.3120

EUR/USD kept during the Asian trade with its tight range since late Monday in NY, showing no change today from yesterday's open in Asia-Pacific, trading at 1.3123 as last, with a session high at 1.3140, and a low at 1.3109. Risk appetite also had another round in the local share markets, with Nikkei higher by +1.81% despite the bad Chinese housing data coming out, and gold also on the rise above $1650. Yen selling was the way to go today in the Asian trade. For the London session ahead everybody will be waiting for tomorrow's 10 year Spanish bond auction, as for today's agenda there will only be two significant risk events EUR related during the European morning, current account for the EU

The AUD/USD has slipped below 1.0400 after a collection of Aussie negative news coming down the pipe just as the HK market prints its first ticks. The pair has failed to break yesterday's high at 1.0415, pulling back to current 1.0396 level.
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UPCOMING EVENTS
2012-04-18 08:00 GMT | European Monetary Union Current Account s.a (Feb)
2012-04-18 08:30 GMT | United Kingdom Bank of England Minutes
2012-04-18 08:30 GMT | United Kingdom ILO Unemployment Rate (3M) (Apr)
2012-04-18 08:30 GMT | United Kingdom Claimant Count Change (Mar)

FOREX NEWS
2012-04-18 04:31 GMT | GBP/USD in trendless period ahead of BoE Minutes
2012-04-18 04:24 GMT | EUR/USD unchanged above 1.3120
2012-04-18 00:31 GMT | Australia Feb Conference Board Australia Leading Index 0.2%
2012-04-18 00:15 GMT | USD/JPY pushes above 81.00

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EURUSD : 1.31177 / 1.31178
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/techn...012/EURUSD.gif

1.3313 | 1.3257 | 1.3214 | 1.3153
1.3090 | 1.3047 | 1.3000 | 1.2953

SUMMARY : Neutral
TREND : Sideway
MA10 : Neutral
MA20 : Bearish
STOCHASTIC : Neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD didn’t made any significant moves yesterday as it traded in a consolidation mode between the 1.3090 (S1) and 1.3153 (R1) levels. A break below 1.3090 would suggest a target of 1.3047 (S2) and further fall will then focus on 1.3000 (S3) a strong technical and psychological level. On the other hand if the price manages to stay above the first support (S1) we expect the price to retest 1.3153 (R1) and a break above that level will concentrate our focus on 1.3214 (R2).

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GBPUSD : 1.59288 / 1.59302
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/techn...012/GBPUSD.gif

1.6088 | 1.6048 | 1.5984 | 1.5951
1.5909 | 1.5858 | 1.5819 | 1.5763

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


MARKET ANALYSIS - Intraday Analysis

The GBPUSD formed a top on yesterday’s trading session at 1.5970 and then fell forming a low just above first support level at 1.5920. Now it seems it is moving away from 1.5909 (S1) to retest the resistance levels. A break above 1.5951 (R1) would suggest a target of 1.5984 (R2) and a further rise will then focus on the next target at 1.6048 (R3). On the downside, if the price breaks below the first support level of 1.5909 (S1) we can expect retesting of 1.5858 (S2). A further decline will then bring focus to the next support level at 1.5819 (S3).

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USDJPY : 81.379 / 81.383
DAILY WEEKLY MONTHLY

https://support.fxcc.com/email/techn...012/USDJPY.gif

83.31 | 82.98 | 82.43 | 81.82
81.13 | 80.73 | 80.29 | 79.88

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


MARKET ANALYSIS - Intraday Analysis

USDJPY made a sharp move upwards this morning and successfully broke above yesterday’s resistance level. Only a break above 81.82 (R1) will confirm our long positions targeting our resistance levels. A stop loss should be placed at 80.73 (S2).

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