GAINSY Hottest Forecasts

USD/CAD: Loonie Trading Higher In The Asian Session

For the 24 hours to 23:00 GMT on Friday, the USD rose marginally against the CAD to close at 0.9976.

In the Asian session, at GMT0400, the pair is trading at 0.9976, with the USD trading marginally lower from Friday’s close...

READ MORE

AUD/USD: Consumer Price Inflation Rises In Australia

Daily Forex Fundamentals | Written by GCI Financial | Feb 04 13 06:20 GMT

For the 24 hours to 23:00 GMT on Friday, the AUD weakened 0.15% against the USD to close at 1.0415.

LME Copper prices declined 0.1% or $9.3/MT to $8159.8/MT. Aluminium prices declined 0.8% or $17.5/MT to $2055.8/MT...

READ MORE

Elliott Wave Forecast: USD/CAD – Buy at 0.9960

Despite intra-day brief fall to 0.9948, loss of near term downward momentum should prevent sharp fall below 0.9920-25 (61.8% Fibonacci retracement of 0.9815-1.0101) and reckon support at 0.9904 would hold from here, bring recoil later, above 1.0053 resistance (this would also penetrate 61.8% Fibonacci retracement of 1.0101 to 0.9948 at 1.0043) would signal the fall from 1.0101 has ended and bring another test of this level. Looking ahead, only fracture of this strong resistance would confirm early rise from 0.9633 low has resumed and extend further gain to 1.0135...

READ MORE

Elliott Wave Forecast: EUR/GBP – Turn short at 0.8675

Despite last bank week’s rally to 0.8717, the subsequent retreat suggests a temporary top has been formed there and consolidation with downside bias is seen for retracement of recent upmove to 0.8580-85 (38.2% Fibonacci retracement of 0.8364-0.8717) and possibly test of Friday’s low of 0.8565, however, reckon downside would be limited to 0.8545 (38.2% Fibonacci retracement of 0.8266-0.8717) and 0.8529 support should hold from here, bring another upmove later this bank week...

READ MORE

Forex Signal Update: USD/CHF – Exit long entered at 0.9045

Despite last bank week’s selloff to as low as 0.9024, the subsequent recoil has retained our near term bullishness for a corrective recoil, however, above indicated minor resistance at 0.9121is needed to signal a temporary low is formed, bring retracement of recent decline to 0.9150-60 but reckon previous support at 0.9194 would limit upside and price should falter well below 0.9223 (another previous support), bring another decline...

READ MORE

Ongoing Positive Eco Data Triggered Another Euro Short-Squeeze

The euro was again the star performer on currency markets Friday. The EMU eco data surprised on the upside and the US eco data reinforced the global repositioning toward risky assets. The euro was captured by an impressive short-squeeze with EUR/USD and EUR/GBP jumping to now corrections highs. Is the...

READ MORE

USDJPY: What A Rally!

The Asian session opened the bank week with a positive bias; the majority of stocks rose higher, while FX markets continue to be dominated by the aggressive rotation out of the JPY and USD. The EUR has led the gainers with strong bullish trends developing in EURUSD, EURGBP and EURJPY, while...

READ MORE

Momentum Selling Has EURO Longs Seeking Exit

It was bound to happen. Euro equities have started the bank week in the cautious camp, especially after last Friday's strong session, where the Dow ended the bank week punching through that psychological 14,000 level. It's not unnatural to expect equities to take a breather after achieving such a milestone. However, it's the Euro news flow that everyone should be focusing on. It serves investors a timely reminder that political risks remain healthy and looming within the Euro-periphery region...

READ MORE

Forex Signal: USD/JPY – Sell at 93.50 or buy at 91.70

USD/JPY – 92.18

Most recent candlesticks pattern : N/A

Trend : Up

Tenkan-Sen level : 92.32
Kijun-Sen level : 92.58
Ichimoku cloud top : 92.54
Ichimoku cloud bottom : 91.85

Original strategy :
Sell at 93.50, Target: 92.50, Stop: 93.85


Target: -

New strategy : ... Are you interested? READ MORE

Forex Signal: EUR/USD – Turn short at 1.3575

EUR/USD – 1.3470

Most recent candlesticks pattern : N/A

Trend : Near term up

Tenkan-Sen level :1.3489
Kijun-Sen level :1.3549
Ichimoku cloud top :1.3644
Ichimoku cloud bottom :1.3626

Original strategy :
Bought at 1.3505, stopped at 1.3470

Long at 1.3505
Target: -
1.3470

New strategy : ... Are you interested? READ MORE

USD/CHF: Swiss Franc Trading Lower In The Asian Session

The pair is expected to find support at 0.9076, and a fall through could take it to the next support level of 0.9051. The pair is expected to find its first resistance at 0.9123, and a rise through could take it to the next resistance level of 0.9145.... READ MORE

EUR/USD: Euro Fell On Spanish And Italian Concerns

The pair is expected to find support at 1.3435, and a fall through could take it to the next support level of 1.3383. The pair is expected to find its first resistance at 1.3588, and a rise through could take it to the next resistance level of 1.3689.... READ MORE

GBP/USD: BRC Retail Sales Rise In January

For the 24 hours to 23:00 GMT, GBP rose 0.35% against the USD and closed at 1.5757. However, gains in the GBP were limited as concerns over political tensions in the Euro-zone reduced investor risk appetite.

On the economic front, UK’s construction PMI stood at a reading of 48.7 in January, unchanged from December. Market had expected a higher reading of 49.2.

In the Asian session, at GMT0400, the pair is trading at 1.5752, with the GBP trading marginally lower from yesterday’s close...

READ MORE

USD/JPY: Japanese JPY Trading Lower In The Asian Session

The pair is expected to find support at 91.84, and a fall through could take it to the next support level of 91.29. The pair is expected to find its first resistance at 93.07, and a rise through could take it to the next resistance level of 93.75.... READ MORE

USD/CAD: Canadian USD Retreated As Risk Aversion Increased Among Investors

For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 0.9979, as investors sought refuge in the safety of the greenback amid renewed Euro-zone worries. Moreover, drop in oil prices further pressured the Canadian USD.

In the Asian session, at GMT0400, the pair is trading at 0.9991, with the USD trading 0.12% higher from yesterday’s close...

READ MORE

AUD/USD: RBA Keeps Key Interest Rate On Hold As Expected

On the economic front, the seasonally adjusted merchandise trade deficit in Australia narrowed to AUD427.0 million in December, compared to a revised deficit of AUD2788.0 million reported in the previous month. Moreover, the Australia Industry Group’s performance of service index rose to a reading of 45.3 in January, compared to a reading of 43.2 recorded in the previous month. Additionally, the house price index rose 1.6% (QoQ) Q4 FY2012, compared to a revised 0.1% drop reported in the previous quarter...

READ MORE

Under-Attack Rajoy Win Merkel's Praise On Reforms

German Chancellor Angela Merkel told Spain`s Prime Minister Mariano Rajoy on Monday she has full confidence in his government`s continued efforts to push through reforms needed to overcome the economic crisis. 'We have a relation of full trust in the Spanish government,' Merkel told a joint news conference with Rajoy... READ MORE

European Services PMI Data Eyed With More Corporate Earnings

Uncertainty is back to dominate the political arena in Europe more renewed tension in Spain and Italy. Markets will start the day with a somewaht fresh economic agenda featuring the services PMI data from the eurozone, while companies continue to report fourth-quarter earnings.

Markit Economic is set to release a new round of purchasing managers` indexes, with Spain`s final services PMI expected to be revised down slightly to 44.2 from 44.3. For Italy, services PMI is expected to be revised to 45.8 from 45.6, and steady at 55.3 for Germany...

READ MORE

Euro Testing Lower Levels

The euro (EUR) slid against the US dollar (USD) to 1.3477 without any support after failing to push above 1.3700. The single currency has approximately decreased one percent as political turmoil in the continent is proving detrimental to the confidence created. Silvio Berlusconi once more appeared to the forefront of attention, as he gains ground in the polls for Italy’s upcoming election and is causing jitters to the markets. At the same time Spanish Mariano Rajoy’s corruption allegations, pressuring the euro, are proof that politics is driving economics...

READ MORE

Forex Signal Update: USD/JPY – Sell at 93.50 or buy at 91.70

USD/JPY – 92.82

Original strategy :
Sell at 93.50, Target: 92.50, Stop: 93.85

O.C.O.
Buy at 91.70, Target: 92.70, Stop: 91.35

Target: -
New strategy : ... Are you interested? READ MORE