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Daily Forex Market by FXCC 27Apr2012

Discussion in 'Market Predictions and Reports' started by alayoua, Apr 27, 2012.

  1. alayoua

    alayoua Banned

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    Daily Forex Market by FXCC 27Apr2012

    EUR/USD quiet around 1.3200

    EUR/USD is currently at 1.3203, holding below yesterday's lows, previous to the S&P announcement of the Spanish sovereign debt downgrade two notches from A to BBB+. The pair fell from NY close price around 1.3240 to as low as 1.3178 on the news, recovering from there till current quotes with not much of a move since then, for the last 4 hours moving in a 20 pip range. The session ahead for London shows a moderately soft agenda in terms of EUR data related, with GfK German consumer climate and German import prices on monthly basis at 06:00 GMT, followed by French consumer spending 45 minutes later, and several Spanish minor data coming out along the European morning. Market will also pay attention to Italian bond auctions at 09:00 GMT, in order to find what resulting yields come out from the auctions.

    The cross EUR/AUD is currently trading at 1.2717 near a double session low, down from a 3-day move lower started Tuesday at double 1.2835 highs following much worse than expected CPI numbers from Australia. It is down by -0.34% since yesterday's Asia-Pacific opening price
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    https://support.fxcc.com/email/technical/27042012/

    UPCOMING EVENTS
    2012-04-27 08:00 GMT | Italy Retail Sales n.s.a (YoY) (Feb)
    2012-04-27 08:00 GMT | Italy Retail Sales s.a. (MoM) (Feb)
    2012-04-27 09:00 GMT | Switzerland KOF Leading Indicator (Apr)
    2012-04-27 09:00 GMT | Greece Producer Price Index (YoY) (Mar)

    FOREX NEWS
    2012-04-27 05:07 GMT | Japan: Construction Orders (YoY) (Mar): -0.3%
    2012-04-27 04:45 GMT | GBP/USD bracketed between 1.6165/88
    2012-04-27 03:47 GMT | Japan BoJ Interest Rate Decision flat at 0.1%
    2012-04-27 02:30 GMT | EUR/AUD holds the decline above 1.2700

    ---------------
    EURUSD : 1.31802 / 1.31807
    DAILY WEEKLY MONTHLY

    [​IMG]

    1.3398 | 1.3364 | 1.3313 | 1.3262
    1.3171 | 1.3118 | 1.3057 | 1.3000

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


    MARKET ANALYSIS - Intraday Analysis

    EURUSD couldn’t hold in yesterday’s trading session and fell, breaking below our support level and forming a new low at 1.3171 (S1). A break below that level would suggest a target at 1.3118 (S2) and a further fall will focus attention on 1.3057 (S3) a significant technical and psychological level. On the other hand if the pair moves upwards and manages to break above 1.3262 (R1) we expect the price to retest 1.3313 (R2) and any further rise will then be limited to 1.3364.

    ---------------
    GBPUSD : 1.61638 / 1.61648
    DAILY WEEKLY MONTHLY

    [​IMG]

    1.6347 | 1.6293 | 1.6267 | 1.6208
    1.6134 | 1.6078 | 1.6009 | 1.5963

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


    MARKET ANALYSIS - Intraday Analysis

    The GBPUSD didn’t made any significant moves in yesterday’s session as it traded in a consolidation mode between the 1.6134 (S1) and 1.6208 (R1) levels. A break below 1.6134 would suggest a target at 1.6078 (S2) and further fall will then focus on 1.6009 (S3) a strong technical and psychological level. On the other hand if the price manages to stay above the first support (S1) level we expect the price to retest 1.6208 (R1) and a break above that level will concentrate our focus on 1.6267(R3).

    ---------------
    USDJPY : 80.872 / 80.878
    DAILY WEEKLY MONTHLY

    [​IMG]

    82.49 | 82.13 | 81.77 | 81.43
    80.48 | 80.29 | 79.47 | 79.10

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


    MARKET ANALYSIS - Intraday Analysis

    USDJPY released a lot of volatility in yesterday’s trading session moving upwards above first resistance and then moved downwards breaking below 81.00 touching our yesterday’s support level. Our recommendation for today’s trading session is no position until we get a clearer direction of the trend. No position.

    Source: FX Central Clearing Ltd, (ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC)
     

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