Archive for April 2011
Forex-Metal Daily Analysis – 27/04/2011
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USD/CHF hits new historical minimum.
Asian and European trading sessions:
US Dollar: On Tuesday morning the US dollar strengthened. But during the European trading session the greenback dropped in anticipation of the FRS meeting, planned for Wednesday. It is expected that the interest rate would be left unchanged as well as the current monetary policy.
Euro: The EUR/USD pair grew and reached the $1,4600 level against the background of the weakening greenback. $1.4652 maximum was reached during the European trading session.
British Pound: The GBP/USD pair grew to the $1,6500 mark following the euro growth. European trading session showed maximums of $1.6533 level.
Japanese Yen: USD/JPY pair is trading in the range of Y81.55 – Y81.80.
Oil: Oil traded at the level of $111.10 per barrel.
Gold: Gold is trading at the level of $1501.25 per ounce, which is below the maximum which has been reached on Monday. Gold is under pressure due to fixing profits by the investors.
American trading session:
Swiss Frank: Demand for the risky assets dropped, and the USD/CHF hit new historical minimum at the level of 0,8750.
US Dollar: During the American trading session the greenback continued to drop. Negative US fundamentals pressured the national currency. The S&P Case-Shiller composite-20 index decreased for 3.3% compared to the previous year.
Market participants are waiting for the results of the head of the FRS, Ben Bernanke, press conference after the FOMC meeting.
Technical analysis for 27/04
EURUSD
The pair is aiming to test 1.47342.
Resistance: 1.47342, 1.48550, 1.49592
Support: 1.46222, 1.44400, 1.42996
GBPUSD
The pair has reached 1.65706 and rolling back to 1.64636.
Resistance: 1.65706, 1.64636, 1.67165
Support: 1.63316, 1.62050, 1.60322
USDCHF
The pair has broken 0.88418 and declined to 1.87214.
Resistance: 0.88418, 0.89635, 0.91079
Support: 0.87214, 0.85939, 1.84685
USDJPY
The pair has reached 81.399.
Resistance: 82.219, 83.065, 83.933
Support: 81.399, 80.438, 79.707
AUDUSD
The pair has reached 1.08412 and may roll back to 1.07739.
Resistance: 1.08412, 1.09112, 1.09782
Support: 1.07739, 1.06164, 1.05332
Forex Metal Weekly Newsletter
Forex Metal Weekly Newsletter
https://forex-metal.com/newsletters/210
Market review for 18 – 22. 04, 2011
https://forex-metal.com/newsletters/211
Weekly technical analysis for 25 – 29.04
Weekly review for 18 – 22. 04, 2011
The previous trading week started with the decrease of the euro. The EUR/USD pair demonstrated minimums at the level of $1.4350. The euro was pressured as a result of the speculations that the Greece would not be able to avoid default. Elections in Finland also had a negative influence on the euro. One of the leading political parties “True Finns†was against the EC plan to render financial support to the European countries. The Parliament of Finland would probably block the decision to offer financial support to Portugal. New EUR/USD minimums were set at the $1.4265 mark. The GBP/USD pair dropped below the $1.6300 mark. Trading day minimums were set at the $1.6240 range. Greenback was in demand on Monday, as concerns over the European debt crises reinforced. The released decision of the credit agency Standard & Poor’s to reduce the credit rating of the US from stable to negative rendered temporary support to the greenback competitors. As a result, the EUR/USD managed to grow and hit the $1.4350 maximum, and the GBP/USD rate increased to the $1.6300 level.
Tuesday saw strengthening of the euro. Greece placed its bonds successfully. In addition, Euro-zone released strong statistics on that day. The PMI manufacturing and PMI services data of most of the European countries were above expectations. Negative US fundamentals supported the euro strengthening as well. Expectations for the increase of the ECB interest rate reinforced. The EUR/USD pair grew to the maximums of $1.4315.
The released on the same day Canadian Consumer Price index for March increased for 3.3% against the forecasted growth of 2.8%. As a result, the Canadian dollar strengthened against the greenback.
The US real estate statistics, which was released on Tuesday, had a very positive impact on the market participants’ optimism. This influence lasted on Wednesday as well, and risky assets received substantial support. As a result, investors moved out their funds from the US dollar.
As a risky asset, the Australian dollar rate increased against the US dollar, and hit a new historical maximum. Canadian dollar rate grew against the American dollar due to the strong consumer price indices data, which was released in Canada a day before.
The GBP/USD pair grew and strengthened at the level of $1.6400. But this growth was only temporary, since after the release of the Bank of England meeting, the pound was under pressure. According to the expectations, the principal rate would not be increased at the next BoE meeting. Eventually, the sterling decreased to the $1.6300 range.
Meanwhile gold was renewing its historical maximums every day. On Wednesday the maximums was set at the level of $1504.50 per ounce against the background of the weakened US dollar.
Release of the strong Australian fundamentals supported the national currency on Thursday, and the Australian dollar hit a 29-year maximum against the US dollar. The Producer price index grew and turned out to be at the level of 1.2%, which was above the forecasted 1.0%. Expectations for the further increase of the interest rate reinforced.
Thursday saw continuing strengthening of the euro. The EUR/USD grew to the $1,4650 mark. But later during the day the US dollar rate rehabilitated and won back its previously lost positions.
The EUR/USD pair closed the week at the $1.4550 mark. The GBP/USD pair closed the week above the $1.6500 level.US dollar competitors strengthened as investors were leaving for a long weekend. On Friday the Financial markets of the US, Canada, European countries, Australia and New-Zealand will be closed due to the Easter holidays.
https://forex-metal.com/newsletters/210
Weekly TECHNICAL ANALYSIS for 25 – 29.04, 2011
EURUSD
The pair has risen to 1.46531 and rolling back to 1.44835. If 1.44835 is broken the pair will decline to 1.42923.
Resistance: 1.47697, 1.50676, 1.54340
Support: 1.44835, 1.41130, 1.37441
GBPUSD
The pair has risen to Moving Average (200) at 1.65458 this is a resistance for the pair and rollback to 1.64274 may be expected. If the pair rises above Moving Average the pair will aim to 1.68504.
Resistance: 1.68504, 1.72652, 1.78085
Support: 1.64274, 1.59962, 1.52523
USDCHF
The pair has reached support level at 0.88022. The pair may roll back to 0.91074.
Resistance: 0.91074, 0.93264, 0.96525
Support: 0.88022, 0.85633, 0.82723
USDJPY
The pair has returned below 83.330. It may bring pair to decline to 80.244.
Resistance: 83.330, 86.836, 90.909
Support: 80.244, 76.535, 73.126
AUDUSD
The pair has risen to resistance level at 1.07806. The indicators are in overbought zone. The corrections are possible. Strong support maybe met at 1.01873.
Resistance: 1.07806, 1.09604, 1.11831
Support: 1.05810, 1.03847, 1.01873
https://forex-metal.com/newsletters/211
Forex-Metal Daily Analysis -22/04/2011
Forex-Metal Daily Analysis -22/04/2011
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Rehabilitation of the US dollar.
Asian and European trading sessions:
Australian Dollar: Release of the strong Australian fundamentals supported the national currency, and the Australian dollar hit a 29-year maximum against the US dollar. The Producer price index grew and turned out to be at the level of 1.2%, which was above the forecasted 1.0%. Expectations for the further increase of the interest rate reinforced.
Euro: Thursday morning saw continuing strengthening of the euro. The EUR/USD grew to the $1,4650 mark.
American Dollar: Greenback was under pressure due to the increased demand for the high-risk assets.
British Pound: Sterling rate increased to the $1.6600 level. The released UK retail sates data was above forecasts, which supported the pound.
Japanese Yen: The USD/JPY pair traded in the range of Y81,80 – Y82,00.
Oil: US dollar weakening resulted in the oil rate growth to the level of $112.40 per barrel.
Gold: Gold set today its new historical maximum at the level of $1509 per ounce.
American trading session: On Friday the Financial markets of the US, Canada, European countries, Australia and New-Zealand will be closed due to the Easter holidays.
Euro: EUR/USD decreased and traded in the range of $1,4500-$1,4550.
American Dollar: US dollar rate rehabilitated and won back its previously lost positions.
Oil: During the second part of the day the oil rate showed some decrease due to the strengthening of the American dollar.
https://forex-metal.com/news_posts
Forex-Metal Daily Analysis -21/04/2011
Forex-Metal Daily Analysis -21/04/2011
US dollar weakness brings competitors to new maximums.
Asian and European trading sessions:
US Dollar: The US real estate statistics, which was released on Tuesday, had a very positive impact on the market participants’ optimism. This influence lasted on Wednesday as well, and risky assets received substantial support. As a result, investors moved out their funds from the US dollar.
Australian Dollar: As a risky asset, the Australian dollar rate increased against the US dollar, and hit a new historical maximum.
Canadian Dollar: Canadian dollar rate grew against the American dollar due to the strong consumer price indices data, which was released in Canada yesterday.
Euro: EUR/USD pair showed growth above the $1.4400 level. Released today German producer prices demonstrated decrease, but this did not have any negative impact on the euro dynamics.
British Pound: The GBP/USD pair grew and strengthened at the level of $1.6400. But this growth was only temporary, since after the release of the Bank of England meeting, the pound was under pressure. According to the expectations, the principal rate would not be increased at the next BoE meeting. Eventually, the sterling decreased to the $1.6300 range.
Japanese Yen: Japanese yen strengthened against the greenback as well. The USD/JPY pair dropped to the Y82.50 level.
Oil: Oil rate maximum was reached at the $109.84 mark per barrel.
Gold: Gold renewed its historical maximum at the level of $1504.50 per ounce against the background of the weakened US dollar.
American trading session:
Euro: Euro closed the trading day at the maximums of $1.4500.
Technical analysis for 21/04
EURUSD
The pair is aiming to 1.46222.
Resistance: 1.46222, 1.47342, 1.48550
Support: 1.44400, 1.42996, 1.41780
GBPUSD
The pair is aiming to test resistance 1.64636.
Resistance: 1.64636, 1.67165, 1.68756
Support: 1.63316, 1.62050, 1.60322
USDCHF
The pair has declined to 0.88418.
Resistance: 0.89635, 0.91079, 0.92026
Support: 0.88418, 0.87214, 0.85939
USDJPY
The pair is aiming to 82.219. If this level is broken the pair will decline to 81.399.
Resistance: 83.065, 83.933, 84.866
Support: 82.219, 81.399, 80.438
AUDUSD
The pair has broken 1.07005 and aiming to 1.07739.
Resistance: 1.07739, 1.08412, 1.09112
Support: 1.07005, 1.06164, 1.05332
http://ping.fm/AfyaM
Forex-Metal Daily Analysis -20/04/2011
Forex-Metal Daily Analysis -20/04/2011
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The rally of the euro and the pound.
Asian and European trading sessions:
Euro: Tuesday saw strengthening of the euro. Several factors supported euro today. Greece placed its bonds successfully. In addition, Euro-zone released strong statistics today. The PMI manufacturing and PMI services data of most of the European countries were above expectations.
Negative US fundamentals supported the euro strengthening as well.
Expectations for the increase of the ECB interest rate reinforced. The EUR/USD pair grew to the maximums of $1.4315.
US Dollar: The released diverse US fundamentals did not support the US dollar. The Housing starts data showed a decrease to 7.2% against the predicted 8.6%. At the same time the Building permits grew above expectations.
British Pound: The pound rate increased as well today, and the GBP/USD pair traded in the range of $1.6230-$1.6310.
Japanese Yen: The USD/JPY pair traded in the range of Y82.30-Y82.70.
Canadian Dollar: The released today Canadian Consumer Price index for March increased for 3.3% against the forecasted growth of 2.8%. As a result, the Canadian dollar strengthened against the greenback.
Oil: Oil prices reached strengthened around the $107.65 range per barrel.
Gold: Gold hit its new historical maximum today at the level of $1499 per ounce.
American trading session:
Euro: The EUR/USD pair managed to reach the level of $1.4350 by the end of the trading day.
British Pound: The sterling grew as well and the GBP/USD almost reached the $1.6350 mark.
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Technical analysis for 20/04
EURUSD
The pair is aiming to 1.44400.
Resistance: 1.44400, 1.46222, 1.47342
Support: 1.42996, 1.41780, 1.39600
GBPUSD
The pair is aiming to test resistance 1.63316, if this level is broken the pair will rise to 1.64636.
Resistance: 1.63316, 1.64636, 1.67165
Support: 1.62050, 1.60322, 1.56722
USDCHF
The pair is trying to break 0.89635, this will bring the pair to rise to 0.91079.
Resistance: 0.91079, 0.92026, 0.93069
Support: 0.89635, 0.88418, 0.87214
USDJPY
The pair is aiming to 82.219. If this level is broken the pair will decline to 81.399.
Resistance: 83.065, 83.933, 84.866
Support: 82.219, 81.399, 80.438
AUDUSD
The pair couldn’t break 1.04407 and aiming to test again 1.06164.
Resistance: 1.06164, 1.07005, 1.07739
Support: 1.05332, 1.04407, 1.03535
Forex-Metal Daily Analysis -19/04/2011
Forex-Metal Daily Analysis -19/04/2011
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Save-heaven assets are popular again.
Asian and European trading sessions:
New-Zealand Dollar: The New-Zealand dollar rate dropped against the competitor currencies after the release of the Consumer price data in New Zealand. According to the published information, the Consumer prices increased only for 0.8%, when the forecasted growth was at the 1.0% level.
Euro: The week started with the decrease of the euro. The EUR/USD pair demonstrated minimums at the level of $1.4350. The euro was pressured as a result of the speculations that the Greece would not be able to avoid default.
Elections in Finland also had a negative influence on the euro. One of the leading political parties “True Finns†is against the EC plan to render financial support to the European countries. Official results of the elections would be published later. The Parliament of Finland would probably block the decision to offer financial support to Portugal. New EUR/USD minimums were set at the $1.4265 mark.
US Dollar: Greenback was in demand on Monday, as concerns over the European debt crises reinforced.
British Pound: The GBP/USD pair dropped below the $1.6300 mark. Trading day minimums were set at the $1.6240 range.
Japanese Yen: The USD/JPY pair decreased to the Y82.60 level, but then managed to rehabilitate.
Gold: Gold rate showed new historical maximum at the $1496.90 level per ounce.
American trading session:
US Dollar: The released decision of the credit agency Standard & Poor’s to reduce the credit rating of the US from stable to negative rendered temporary support to the greenback competitors. As a result, the EUR/USD managed to grow and hit the $1.4350 maximum, and the GBP/USD rate increased to the $1.6300 level.
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Technical analysis for 19/04
EURUSD
The pair has declined to 1.41780. The next support is at 1.40690, resistance 1.42996.
Resistance: 1.44400, 1.46222, 1.47342
Support: 1.42996, 1.41780, 1.39600
GBPUSD
The pair is aiming to support 1.62050. If this level is broken the pair will decline to 1.60669.
Resistance: 1.63316, 1.64636, 1.67165
Support: 1.62050, 1.60322, 1.56722
USDCHF
The pair is trying to break 0.89635, this will bring the pair to rise to 0.91079.
Resistance: 0.91079, 0.92026, 0.93069
Support: 0.89635, 0.88418, 0.87214
USDJPY
The pair is aiming to 82.219. If this level is broken the pair will decline to 81.399.
Resistance: 83.065, 83.933, 84.866
Support: 82.219, 81.399, 80.438
AUDUSD
The pair has drawn Double Top. If the pair breaks 1.04407 the pair will decline to 1.03535 and 1.0270.
Resistance: 1.05332, 1.06164, 1.07005
Support: 1.04407, 1.03535, 1.02705
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Forex Metal Weekly Newsletter
Forex Metal Weekly Newsletter
https://forex-metal.com/newsletters/208
Market review for 11 – 15, 04. 2011
https://forex-metal.com/newsletters/209
Weekly technical analysis for 18 – 22.03
Weekly review for 11 – 15, 04. 2011
Last week saw market participants mostly supporting the save-heaven currencies. The trading week started with some decrease of the euro rate, since market participants considered that the former rally of the euro was excessive. The EUR/USD traded in the range of $1,4420-$1,4480. The released announcement of the Minister of Finance of Greece, that the country would need financial support, rendered additional pressure on the euro dynamics on Monday. According to some experts’ opinion, the euro was ready for a correction, and the growth period was over. At the same time the greenback received support on Monday due to the reached agreement concerning the reduction of the US budget expenses for $38 billion.
The USD/JPY pair dropped to the Y84.5 level on Monday. The Japanese yen was growing against the major currencies after the 7.1 magnitude earth-quake, which struck Japan again.
On Monday the GBP/USD pair tried testing the $1,6400 maximum. According to the experts’ opinion, pound might continue testing maximum levels. The GBP RICS house price balance for March demonstrated a better result: -23% against the forecasted -24% level and last month’s -26%.
New earth-quakes continue to descend on Japan, and were the reason of the increased demand for the save-heaven assets. The national currency rate continued to grow on Tuesday as well. The risk level of NPP Fukushima was increased to its maximal point. Asian stock markets dropped. The USD/JPY grew to the Y84.40 mark.
Swiss frank rate showed considerable growth on Tuesday as well, as a save-heaven currency.
The released on Tuesday German ZEW survey (economic sentiment) showed an unexpected drop to 7.6 against the forecasted level of 11.3. Nevertheless, the euro demonstrated a positive dynamics in anticipation of the EC and IMF meeting. The EUR/USD pair reached the maximum of $1,4500, as the EC and IMF members started to prepare the financial support package for Portugal in the amount of 80 billion euro.
The GB fundamental releases demonstrated decreased inflation on the same day, which resulted in the drop of the pound against the US dollar and the euro as well. The GBP/USD pair decreased from the maximums of $1.6320 to minimums of $1.6220. Therefore, expectations for the possible increase of the UK principal rate, dropped.
According to the expectations, the Bank of Canada left the principal rate unchanged at the level of 1.00%. As a result, the greenback managed to strengthen against its Canadian competitor on Tuesday.
Tthe released Euro-zone fundamentals showed unexpected decrease on Wednesday. The Euro-zone Industrial production for February showed a decrease to 0.4% compared to forecasted 0.8%. Greece announced of the necessity to write off part of its debt, so that the normal development of the country would still be possible. As a result, the EUR/USD dropped to the $1.4450 minimums.
Diverse GB labour market data was released on the same day. The Jobless claims change for March increased for 0.7K, but the UK unemployment rate grew to 7.8% (which was below the expected level).
The released US Advance Retail sales for March decreased. But the Beige Book Economic survey publication was positive, which rendered support for the greenback and resulted in the temporary growth against its competitors.
The New-Zealand dollar reached its 5-months maximum against the US dollar on Thursday after the results of the New-Zealand state bonds auction publication, when government managed to raise funds in the amount of $556 million. Euro demonstrated growth against the US dollar during the Asian trading session, due to the speculations regarding the further increase of the principal interest rate by the ECB in a faster pace, compared to the FRS interest rate decisions. As a result, the EUR/USD reached maximums above the $1.4500 level. But the European trading session changed the euro dynamics. Concerns over the budget problems of Greece and Ireland pressured the euro. EUR/USD minimums were set at the $1.4362 mark.
Negative US fundamentals, which were released on Thursday, could not render any support to the greenback. The released producer price index dropped below expectations. Initial jobless claims volume grew above forecasts. Therefore, the EUR/USD managed to grow and closed the trading day at the level of $1.4500.
On Friday the Moody’s rating agency reduced the rating of the Ireland state bonds with a negative forecast, which pressured the euro rate.
https://forex-metal.com/newsletters/208
Weekly TECHNICAL ANALYSIS for 18 – 22.04, 2011
EURUSD
The pair has broken channel line and risen to 1.44835. The pair may roll back to 1.42551 before continue rising.
Resistance: 1.44835, 1.47697, 1.50676
Support: 1.41130, 1.37441, 1.33427
GBPUSD
The pair is trading below resistance 1.64274, it may bring pair to decline to 1.59962.
Resistance: 1.64274, 1.68504, 1.72652
Support: 1.59962, 1.52523, 1.48532
USDCHF
The pair declines below 0.91074. It may bring pair to decline to the next support level at 0.88022. Resistance: 0.91074, 0.93264, 0.96525
Support: 0.88022, 0.85633, 0.82723
USDJPY
The pair has broken upper border of the triangle and aiming to Moving Average (100) at 88.748. It will be possible only if the pair stays above 83.330.
Resistance: 86.836, 90.909, 94.707
Support: 83.330, 80.244, 76.535
AUDUSD
The pair has risen to resistance level at 1.05810. The indicators are in overbought zone. The corrections are possible. Strong support maybe met at 1.01873.
Resistance: 1.05810, 1.07806, 1.09604
Support: 1.03847, 1.01873, 1.00031
https://forex-metal.com/newsletters/209
Forex-Metal Daily Analysis -15/04/2011
Forex-Metal Daily Analysis -15/04/2011
General weakening of the US dollar
Asian and European trading session:
New-Zealand Dollar: The New-Zealand dollar reached its 5-months maximum against the US dollar after the results of the New-Zealand state bonds auction publication, when government managed to raise funds in the amount of $556 million.
Australian Dollar: Australian dollar rate managed to rehabilitate on Thursday, due to the Asian stock markets growth.
Euro: Euro demonstrated growth against the US dollar during the Asian trading session, due to the speculations regarding the further increase of the principal interest rate by the ECB in a faster pace, compared to the FRS interest rate decisions. As a result, the EUR/USD reached maximums above the $1.4500 level.
European trading session changed the euro dynamics. Concerns over the budget problems of Greece and Ireland pressured the euro. EUR/USD minimums were set at the $1.4362 mark.
US Dollar: Thursday saw a general weakening of the US dollar.
British Pound: The GBP/USD pair showed minimums at the level of $1.6285, and then grew for 100 basic points.
Japanese Yen: The USD/JPY pair reached minimum at the Y83.16 level.
Oil: Decrease of the US oil supply resulted in the oil prices growth. Oil rate increased to the $107.33 level per barrel.
American trading session:
US Dollar: Negative US fundamentals could not render any support to the greenback. The released producer price index dropped below expectations. Initial jobless claims volume grew above forecasts. Therefore, the EUR/USD managed to grow and closed the trading day at the level of $1.4500.
http://ping.fm/m9ifd
Forex-Metal Daily Analysis -14/04/2011
Forex-Metal Daily Analysis -14/04/2011
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Greece announced of the necessity to write off part of its debt
Asian and European trading sessions:
New-Zealand Dollar: The New-Zealand dollar showed growth on Wednesday after the released on Tuesday increased house price data.
Euro: The EUR/USD pair strengthened in the range of $1.4500. Market participants expected the publication of the strong Euro-zone Industrial production data. EUR/USD maximum was reached at the $1.4520 mark.
Nevertheless, the released Euro-zone fundamentals showed unexpected decrease. The Euro-zone Industrial production for February showed a decrease to 0.4% compared to forecasted 0.8%.
Greece announced of the necessity to write off part of its debt, so that the normal development of the country would still be possible. As a result, the EUR/USD dropped to the $1.4450 minimums.
British Pound: Diverse GB labour market data was released today. The Jobless claims change for March increased for 0.7K, but the UK unemployment rate grew to 7.8% (which was below the expected level).
The GBP/USD pair demonstrated its maximum at the level of $1.6280.
Japanese Yen: The USD/JPY pair managed to reach the Y84.00 level.
Oil: Oil rate showed some decrease on Wednesday, and the price dropped to the $106.23 mark per barrel, due to concerns over the slow-down of the demand for the oil inventories.
Gold: Gold traded at the level of $1,461.20 mark per ounce.
American trading session:
US Dollar: Released today US Advance Retail sales for March decreased. But the Beige Book Economic survey publication was positive, which rendered support for the greenback and resulted in its temporary growth against its competitors.
https://forex-metal.com/news_posts
Technical analysis for 14/04
EURUSD
The pair has risen to 1.44400 and may roll back to 1.42996 if stays below 1.44400.
Resistance: 1.46222, 1.47342, 1.48550
Support: 1.44400, 1.42996, 1.41780
GBPUSD
The pair has risen to 1.63316. Support maybe met at 1.62050.
Resistance: 1.64636, 1.67165, 1.67165
Support: 1.63316, 1.62050, 1.60322
USDCHF
The pair has broken support 0.89635 and aiming to 0.88418.
Resistance: 0.89635, 0.91079, 0.92026
Support: 0.88418, 0.87214, 0.85939
USDJPY
The pair couldn’t break 84.866 and rolling back to 83.065. If 83.065 is broken the pair will decline to 82.219.
Resistance: 83.933, 84.866, 85.960
Support: 83.065, 82.219, 81.399
AUDUSD
The pair is aiming to 1.05332.
Resistance: 1.05332, 1.06164, 1.07005
Support: 1.04407, 1.03535, 1.02705
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Forex-Metal Daily Analysis -13/04/2011
Forex-Metal Daily Analysis -13/04/2011
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The risk level of NPP Fukushima was increased to its maximal point
Asian and European trading sessions:
Japanese Yen: New earth-quakes continue to descend on Japan, and are the result of the increased demand for the save-heaven assets. The national currency rate continued to grow.
The risk level of NPP Fukushima was increased to its maximal point today. Asian stock markets dropped. The USD/JPY grew to the Y84.40 mark.
Australian Dollar: The Australian dollar rate decreased, as the demand for the risky assets dropped.
Swiss Frank: Swiss frank rate showed considerable growth on Tuesday as well, as a save-heaven currency.
Euro: The released today German ZEW survey (economic sentiment) showed an unexpected drop to 7.6 against the forecasted level of 11.3. Nevertheless, the euro demonstrated a positive dynamics on Tuesday in anticipation of the EC and IMF meeting. The EUR/USD pair reached the maximum of $1,4500, as the EC and IMF members started to prepare the financial support package for Portugal in the amount of 80 billion euro.
British Pound: The GB fundamental releases today demonstrated decreased inflation, which resulted in the drop of the pound against the US dollar and the euro as well. The GBP/USD pair decreased from the maximums of $1.6320 to minimums of $1.6220. Therefore, expectations for the possible increase of the UK principal rate, dropped.
Oil: Oil traded around the level of $109.60 per barrel. Oil price showed some negative movement today.
Gold: Gold also demonstrated some decrease, and the rate was at the $1,466.60 level per ounce.
American trading session:
Canadian Dollar: According to the expectations, the Bank of Canada left the principal rate unchanged at the level of 1.00%. As a result, the greenback managed to strengthen against its Canadian competitor.
https://forex-metal.com/news_posts
Technical analysis for 13/04
EURUSD
The pair has risen to 1.44400 and may roll back to 1.42996 if stays below 1.44400.
Resistance: 1.44400, 1.46222, 1.47342
Support: 1.42996, 1.41780, 1.40690
GBPUSD
The pair has risen to 1.63316. The pair couldn’t break this level and may return to 1.62050.
Resistance: 1.63316, 1.64636, 1.67165
Support: 1.62050, 1.60322, 1.58543
USDCHF
The pair has declined to support 0.89635.
Resistance: 0.91079, 0.92026, 0.93069
Support: 0.89635, 0.88418, 0.87214
USDJPY
The pair couldn’t break 84.866 and rolling back to 83.933. If 83.933 is broken the pair will decline to 83.065.
Resistance: 84.866, 85.960, 86.861
Support: 83.933, 83.065, 82.219
AUDUSD
The pair is rolling back. Support maybe met at 1.03535.
Resistance: 1.05311, 1.06164, 1.07005
Support: 1.04407, 1.03535, 1.02705
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