GAINSY Hottest Forecasts

Reversal Day, Euro And USDJPY Up, Stocks Rally And Aussie Finds Support

Looking at Global FX markets first up puts the Euro's bounce in context it was a huge range and a big recovery for a 24 hour period. The low in Asia yesterday was 1.3457 and the high overnight was 1.3597 and it rests at 1.3579 at the moment up a...

READ MORE

Asia Session: Retail Sales Data Hits AUD

AUD and JPY were in the spotlight today, with the former being hit by weak retail sales data and the latter suffering from lingering concerns about BoJ Governor Shirakawa's possible early exit. The ensuing sell-off in both currencies was enough to push may pairs through some significant technical levels. USDJPY...

READ MORE

GBP/USD: BRC Shop Price Inflation Eased In January

The pair is expected to find support at 1.5592, and a fall through could take it to the next support level of 1.5523. The pair is expected to find its first resistance at 1.5767, and a rise through could take it to the next resistance level of 1.5873....

READ MORE

USD/JPY: JPY Retreated Amid Expectations For Further Easing Measures By The BoJ

The pair is expected to find support at 92.66, and a fall through could take it to the next support level of 91.50. The pair is expected to find its first resistance at 94.45, and a rise through could take it to the next resistance level of 95.08....

READ MORE

USD/CHF: Swiss Trade Surplus Narrowed Un December

The pair is expected to find support at 0.9052, and a fall through could take it to the next support level of 0.9024. The pair is expected to find its first resistance at 0.9113, and a rise through could take it to the next resistance level of 0.9146....

READ MORE

USD/CAD: Canadian USD Reverses Its Previous Session Gains

The pair is expected to find support at 0.9946, and a fall through could take it to the next support level of 0.9923. The pair is expected to find its first resistance at 0.9994, and a rise through could take it to the next resistance level of 1.0019....

READ MORE

AUD/USD: Australian Retail Sales Fell In December

For the 24 hours to 23:00 GMT, AUD weakened 0.49% against the USD to close at 1.0390, after the Reserve Bank of Australia signaled the possibility for fresh easing measures.

LME Copper prices rose 0.2% or $16.5/MT to $8242.3/MT. Aluminium prices declined 0.2% or $3.8/MT to $2074.8/MT.

In the Asian session, at GMT0400, the pair is trading at 1.0353, with the AUD trading 0.36% lower from yesterday’s close, as data released this morning indicated that the seasonally adjusted retail sales in Australia declined 0.2% (MoM) in December, compared to a similar drop recorded in November. That was well shy of forecasts for an increase of 0.3%...

READ MORE

EUR/USD: Euro Gained Amid Upbeat European Economic Data, Trading Lower This Morning

For the 24 hours to 23:00 GMT, EUR rose 0.54% against the USD and closed at 1.3583, following upbeat Euro-zone and German services PMI data.

In the Euro-zone, the final services PMI climbed to a reading of 48.6 in January, above the flash estimate of 48.3 and compared to December’s reading of 47.8, while in Germany, services PMI climbed to a reading of 55.7 in January, from a reading of 52.0 in December, against the preliminary estimate for a reading of 55.3. Also, the final composite output index in Euro-zone rose to a reading of 48.6 in January, above its earlier flash estimate of 48.2 and compared to the previous month’s reading of 47.2...

READ MORE

Fitch Places Dutch Triple-A Rating On Negative Watch

Fitch Ratings cut its outlook on the Dutch's triple-A ratings to negative from stable, citing high state debt burden, decline in housing market, banking system problems. The rating agency maintained the nation's credit rating at AAA while it revised the outlook to negative in a downgrade that came days after...

READ MORE

Forex Signal: GBP/USD – Sell again at 1.5740

GBP/USD - 1.5645

Most recent candlesticks pattern : N/A

Trend : Near term down

Tenkan-Sen level : 1.5654
Kijun-Sen level :1.5718
Ichimoku cloud top :1.5780
Ichimoku cloud bottom :1.5745

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

Forex Signal: USD/CHF – Hold long entered at 0.9125

USD/CHF - 0.9127

Most recent candlesticks pattern : N/A

Trend : Near term down

Tenkan-Sen level :0.9093
Kijun-Sen level :0.9093
Ichimoku cloud top :0.9094
Ichimoku cloud bottom :0.9070

Original strategy :
Bought on fracture of 0.9125, Target: 0.9225, Stop: 35 points

Long at 0.9125
Target: - 0.9225
0.9090

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

Elliott Wave Forecast: AUD/USD – Stand aside

AUD/USD – 1.0318

Recent wave: Wave 4 ended at 0.8066 and wave 5 has possibly ended at 1.1081

Trend: Up

Original strategy :
Bought at 1.0385, stopped at 1.0325

Long at 1.0385
Target: -
1.0325

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

Elliott Wave Forecast: EUR/JPY – Buy at 124.10 or sell at 129.00

EUR/JPY – 127.00

Recent wave: wave v of (C) ended at 94.12 and major correction in wave A is unfolding for gain to 130.00

Trend: Up

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

EUR/USD Looking For A New Equilibrium. Sterling Stays Under Pressure

EUR/USD recoiled after Monday's risk-off correction, though some consolidation is likely ahead of the ECB meeting. EUR/GBP almost completely reversed the previous day's correction. Investors are cautious to hold sterling long exposure going into the hearing of the incoming BOE governor Carney in Parliament USD/JPY reached a new correction...

READ MORE

Markets Remain Cautiously Optimimsic Before Key Policy Decisions

Wednesday is another quite day it seems for the market, but cautious optimism remains evident with all eyes tracking looming decisions from the European Central Bank`s Monetary Policy Committee alongside possible fresh hints about upcoming stimulus plans....

READ MORE

JPY Weakness In Focus

The risk appetite recoiled as the attention moved away from the European debt crisis to news out of Japan. BoJ’s Governor Shirakawa decided to step down earlier than scheduled. In reaction, JPY weakened against all of its major counterparts, except AUD, over the last 24 hours even though the BoJ...

READ MORE

Forex Signal Update: USD/JPY – Sell at 94.50

USD/JPY – 93.67

Original strategy :
Sell at 94.50, Target: 93.50, Stop: 94.85

Target: -

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

European Stocks Little Changed Ahead Of ECB, BoE Rate Decisions

European shares kicked off Wednesday's session little changed as investors remain neutral amid lack offresh catalyst ahead of ECB and the BOE's key interest rate decisions, while corporate earnings continue to fuel cautious optimism across the broad market....

READ MORE

Nasdaq Bullish Amidst Investor Support

The euro (EUR) has regained some lost territory and remains aloof versus the US dollar (USD) at 1.3565 after finding support at 1.34577. The single currency, which has gained strength after last month’s confident announcement by Mario Draghi, is set to look for new levels of support before tomorrow’s European...

READ MORE

Forex Signal Update: GBP/USD – Sell at 1.5740

GBP/USD - 1.5659

Original strategy :
Sell at 1.5740, Target: 1.5640, Stop: 1.5775

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