20 maggio 2012

EUR/JPY Weekly Outlook

EUR/JPY’s fall from 111.43 accelerated to as low as 100.20 last week and there is no so sign of bottoming yet. Initial bias remains on the downside this week and current decline should extend to retest 97.03 low next. On the upside, above 101.90 will turn bias neutral and bring
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Mid-Day Report: Euro Recovers Mildly, Consolidating Above 2012 Low

Euro recovers mildly as it’s trying to consolidate ahead of 2012 low aginast dollar but strength is very weak so far. The never-ending debt crisis is still weighing on sentiments. EU trade commission Karel De Gucht was quoted saying there ECB and EC are working on "emergency scenarios if Greece
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Mid-Day Report: Euro Recovers Mildly, Consolidating Above 2012 Low

Euro recovers mildly as it’s trying to consolidate ahead of 2012 low aginast dollar but strength is very weak so far. The never-ending debt crisis is still weighing on sentiments. EU trade commission Karel De Gucht was quoted saying there ECB and EC are working on "emergency scenarios if Greece
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EUR/USD Mid-Day Outlook

EUR/USD continues to lose momentum ahead of 1.2625 support and at this point, intraday bias is turned neutral first. Above 1.2758 will bring stronger recovery to 4 hours 55 EMA (now at 1.2846) and possibly above. But strong resistance should be seen at 1.2994 to limit upside and bring fall
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USD/CHF Mid-Day Outlook

A temporary top should be in place at 0.9499 and intraday bias is turned neutral. Below 0.9413 minor support will bring deeper retreat to 4 hours 55 EMA (now at 0.9437) and below. But downside should be contained well above 0.9251 support and bring rally resumption. Above 0.9499 will extend recent rise to retest 0.9594 high next.
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GBP/USD Mid-Day Outlook

GBP/USD should have made a temporary low at 1.5731 and intraday bias is turned neutral for the moment. Some consolidation could be seen and stronger recovery cannot be ruled out. But upside should be limited by 38.2% retracement of 1.6300 to 1.5731 at 1.5948 and bring another fall. Below 1.5731
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GBP/USD Mid-Day Outlook

GBP/USD should have made a temporary low at 1.5731 and intraday bias is turned neutral for the moment. Some consolidation could be seen and stronger recovery cannot be ruled out. But upside should be limited by 38.2% retracement of 1.6300 to 1.5731 at 1.5948 and bring another fall. Below 1.5731
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USD/JPY Mid-Day Outlook

Intraday bias in USD/JJPY remains on the downside for the moment. Sustained trading below 61.8% retracement of 76.02 to 84.17 at 79.13 should target 75.56/76.02 support zone next. On the upside, break of 80.54 resistance is needed to signal short term bottoming. Otherwise, near term outlook will remain bearish even in case of recovery.
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US Session: Orders and Options Watch

GBP: The British pound also rebounded from 1.5732 low in part due to improved risk appetite (on back of recovery in Dow future), weekend profit-taking also helped lifting cable from lows, however, offers from various parties (including U.S. big names) are lined up from 1.5850 up to 1.5890 with some
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US Session: Orders and Options Watch

GBP: The British pound also rebounded from 1.5732 low in part due to improved risk appetite (on back of recovery in Dow future), weekend profit-taking also helped lifting cable from lows, however, offers from various parties (including U.S. big names) are lined up from 1.5850 up to 1.5890 with some
Action Insight (All Reports)

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