Jun 12, 2008
At Time : (time are in GMT+7 or Indonesia Jakarta Time (WIB))
14:00 GBP/USD up (Buy)
19:00 GBP/USD down (Sell)
ALWAYS put a Stop Loss (SL) MAX 40 pips, and Target Profit (TP) starting from 10 to 70 pips, you can use a trailing stop too.
USE AT YOUR OWN RISK !
Thursday June 12, 2008
EUR-USD
It should trade higher to 1.5612 or above 1.5671 in extention. Supports at 1.5499 and 1.5528. Stop loss below 1.5469 zone
GBP-USD
It should test 1.974 area after which a sell off down to 1.9528 or extended to 1.9422 area is expected.
USD-JPY
While below 107.1 or 107.37 it could fall towards below 106.43 or 105.9. After which a corrective/consolidation activity is expected.
USD-CHF
While below 1.0358 or 1.0383 it could fall towards below 1.0268 or 1.0219. After which a corrective/consolidation activity is expected.
Monday May 19, 2008
EUR-USD
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.562 or 1.5709 if support around 1.5544 hold. After which a pullback to 1.5544 - 1.5515 zone is possible.
GBP-USD
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.9603 or 1.9689 if support around 1.9531 hold. After which a pullback to 1.9531 - 1.9498 zone is possible.
USD-JPY
It is likely to fall towards 102.66 unless a corrective rally breaks the 104.59 resistance. Stop above 104.94 zone.
USD-CHF
Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.0432 or 1.0405. Major support is clustered around 1.039 limit.
EURO
The euro gained marginal ground vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.5545 level and was supported around the $1.5450 level. Technically, today’s intraday low was right around the 23.6% retracement of the move from $1.6020 to $1.5280. Many data were released in the U.S. today. First, net long-term TIC flows rose to US$ 80.4 billion in March from February’s total of US$ 72.5 billion while the monthly net TIC flows component saw an net outflow of US$ 48.2 billion compared with a net inflow of $48.9 billion in February. The March U.S. trade balance registered US$ 58.21 billion. Second, it was also reported that the New York State Empire manufacturing index fell to -3.23 in May. Third, weekly initial jobless claims rose 6,000 to 371,000 while continuing jobless claims were up 28,000 to 3.06 million. Fourth, April industrial production fell 0.7% and April capacity utilization fell sharply to 79.7%. Fifth, the Philadelphia Fed May business index improved to -15.7 from -24.9. In eurozone news, traders were surprised by a strong print in German GDP growth data that saw an economic expansion of 1.5% q/q in Q1, double most forecasts. EMU-15 GDP growth expanded 0.7% q/q in Q1 despite the strong euro but ECB President Trichet warned Q2 data could be “less flattering.” Eurogroup chairman Juncker said the euro’s recent decline is “pointing in a good direction.” Trichet and ECB member Mersch will speak later today. It was also reported that German April final consumer price inflation was off 0.2% m/m and up 2.4% y/y while EMU-15 April provisional harmonized inflation was up 3.3% y/y. ECB member Ordonez reported the central bank “has to continue what we’re doing.” Euro bids are cited around the US$ 1.5230 level.
JPN/CNY
The yen appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the ¥104.50 level and was capped around the ¥105.30 level. Technically, today’s intraday low was right around the 23.6% retracement of the move from ¥100.00 to ¥105.70. Data released in Japan overnight saw core private sector machinery orders decline a larger-than-expected 8.3% m/m to ¥956.8 billion and the government downgraded its assessment of machinery orders. This represented the second consecutive monthly decline. Traders await the release of gross domestic product data for the January-through-March period overnight. Most traders expect Bank of Japan’s Policy Board will keep the overnight call rate unchanged at 0.50% for several months. The Nikkei 225 stock index gained 0.94% to close at ¥14,251.74. Dollar bids are cited around the ¥101.35 levels. The euro weakened vis-à-vis the yen as the single currency tested bids around the ¥162.05 level and was capped around the ¥162.95 level. The British pound and Swiss franc weakened vis-à-vis the yen as the crosses tested bids around the ¥203.10 and ¥99.30 levels, respectively. The Chinese yuan appreciated vis-à-vis the U.S. dollar as the greenback closed at CNY 6.9946 in the over-the-counter market, down from CNY 7.0030. Data released in China overnight saw urban fixed-asset investment up 25.7% y/y between January and April.
STERLING
The British pound came off vis-à-vis the U.S. dollar today as cable tested bids around the US$ 1.9405 level and was capped around the $1.9500 figure. Prime Minister Brown indicated the U.K. government has no plans to change Bank of England’s remit on fighting inflation. BoE aims to steer inflation to the 2.0% level and inflation remains significantly above this level on account of elevated energy and food prices. Data released in the U.K. today saw home construction fall an annualized 24% in Q1. Cable bids are cited around the US$ 1.9360/ 1.9100 levels. The euro and British pound gained ground vis-à-vis the Swiss franc as the crosses tested offers around the CHF 1.6345 and CHF 2.0590 levels, respectively.
SWISS
The Swiss franc depreciated vis-à-vis the U.S. dollar today as the greenback tested offers around the CHF 1.0595 level and was supported around the CHF 1.0485 level. Technically, today’s intraday low was right around the 38.2% retracement of the move from CHF 1.0625 to CHF 1.0390. Data released in Switzerland today saw SECO April consumer sentiment decline to +2 from +14 in January. U.S. dollar offers are cited around the CHF 1.0760 level. The euro and British pound moved higher vis-à-vis the Swiss franc as the crosses tested offers around the CHF 1.6345 and CHF 2.0590 levels, respectively.
May 16, 2008
At Time : (time are in GMT+7 or Indonesia Jakarta Time (WIB))
14:00 GBP/USD down (Sell)
19:00 GBP/USD up (Buy)
ALWAYS put a Stop Loss (SL) MAX 40 pips, and Target Profit (TP) starting from 10 to 70 pips, you can use a trailing stop too.
USE AT YOUR OWN RISK !
May 14, 2008
At Time : (time are in GMT+7 or Indonesia Jakarta Time (WIB))
15:00 GBP/USD up (Buy)
19:00 GBP/USD down (Sell)
ALWAYS put a Stop Loss (SL) MAX 40 pips, and Target Profit (TP) starting from 10 to 70 pips, you can use a trailing stop too.
USE AT YOUR OWN RISK !
Wednesday May 14, 2008
EUR-USD
It should register gains to 1.5520. Corrective decline should be supported in 1.5453 - 1.5415 area. Stop Loss below 1.5355 zone.
GBP-USD
Market should meet resistance at 1.9487. We expect then an extended move down to 1.9423 -1.9356 area.
USD-JPY
Uptrend is still intact in a triangle configuration. It should continue to rally to 105.41 or 105.87 if support around 104.35 hold. After which a pullback to 104.35 - 104.07 zone is possible.
USD-CHF
Current rise seems to be over near 1.0542 or 1.0582 for a retracement towards 1.0501 - 1.0473 area.
Mei 08, 2008
At Time : (time are in GMT+7 or Indonesia Jakarta Time (WIB))
17:20 GBP/USD up (Buy)
ALWAYS put a Stop Loss (SL) MAX 40 pips, and Target Profit (TP) starting from 10 to 70 pips, you can use a trailing stop too.
USE AT YOUR OWN RISK !
Friday May 9, 2008
EUR-USD
It should test 1.5453 area after which a sell off down to 1.5305 or extended to 1.5217 area is expected.
GBP-USD
It is likely to attempt to below 1.9437 while below 1.9541 - 1.9555 area. Rise above 1.9607 would dampen this bearish expectation.
USD-JPY
Market should meet resistance at 104.03. We expect then an extended move down to 103.28 -102.82 area.
USD-CHF
While below 1.0539 - 1.0568 it might drop to 1.0454 or below 1.0396 zone.
Mei 08, 2008
At Time : (time are in GMT+7 or Indonesia Jakarta Time (WIB))
17:20 GBP/USD up (Buy)
19:00 GBP/USD down (Sell)
ALWAYS put a Stop Loss (SL) MAX 40 pips, and Target Profit (TP) starting from 10 to 70 pips, you can use a trailing stop too.
USE AT YOUR OWN RISK !
