GAINSY Hottest Forecasts

Draghi Will Not Join the 'Currency War'
(GAINSY Fundamental Analysis)

The euro has strengthened since summer 2012 and in the beginning of February EUR/USD reached its highest level in 15 months. The appreciation is largely the result of the ECB being out of sync with its de facto monetary policy tightening at a time when other major central banks are...

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FOMC Minutes Damaged Sentiment
(GAINSY Fundamental Analysis)

The surprisingly hawkish FOMC minutes was the main catalyst in the dampening risk appetite overnight. The focus was clearly on the 'costs and the risks arising from the asset purchases”, and the 'complication” to exit USD85bn worth monthly asset purchases....

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No Currency War Here, But You Got To Like the EURO Result
(GAINSY Fundamental Analysis)

Capital Market is undergoing its self-regulated Q1 reality check of pitting financial markets progress against the real economy. The discouraging story surrounding the global real economy has resulted in risk-off trading strategies winning out. Perceived safe-haven assets such as the dollar and German bunds are rallying this morning after the...

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London Session: The USD's Moment
(GAINSY Fundamental Analysis)

There have been some important movements in the FX market in the last 24 hours. GBP has moved into a new trading paradigm that could see it fall substantially lower in the coming bank weeks, EURUSD looks like 1.30 could be on the cards again and gold is close to 12...

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Elliott Wave Forecast: AUD/USD – Sell at 1.0300
(GAINSY Elliott Wave Analysis)

AUD/USD – 1.0241

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

Trend: Up

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Elliott Wave Forecast: EUR/JPY – Look to sell on recovery
(GAINSY Elliott Wave Analysis)

EUR/JPY – 123.24

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

Original strategy :
Bought at 124.00, stopped at 123.40

Long at 124.00
Target: -
123.40

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Forex Signal Update: EUR/USD – Sell at 1.3275
(GAINSY Ichimoku Analysis)

EUR/USD – 1.3189

Original strategy :
Sell at 1.3325, Target: 1.3210, Stop: 1.3360

Target: -
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Forex Signal Update: GBP/USD – Sell at 1.5290
(GAINSY Ichimoku Analysis)

GBP/USD - 1.5211

Original strategy :
Sell at 1.5290, Target: 1.5150, Stop: 1.5325

Target: -
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Forex Signal Update: USD/CHF – Buy at 0.9270
(GAINSY Ichimoku Analysis)

The greenback found decent demand at 0.9186 yesterday and rallied from there on dollar’s broad-based strength against other European currencies, suggesting recent rise from 0.9024 low is still in progress and further gain to 0.9350-55 cannot be ruled out, however, near term overbought condition should limit upside to to previous resistance at 0.9389 and risk from there is seen for a retreat to take place later. ...

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Forex Signal Update: USD/JPY – Hold long entered at 92.80
(GAINSY Ichimoku Analysis)

USD/JPY – 93.19

Original strategy :
Bought at 92.80, Target: 93.90, Stop: 92.45

Long at 92.80
Target: - 93.80
92.45

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Forex Signal Update: GBP/USD – Sell at 1.5310
(GAINSY Ichimoku Analysis)

GBP/USD - 1.5261

Original strategy :
Sell at 1.5290, Target: 1.5150, Stop: 1.5325

Target: -
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Intraday Statement: Euro Tumbled Further after PMIs
(GAINSY Technical Analysis)

Euro decreased sharply today as February PMI data signaled steeper downturn in the economy. PMI manufacturing decreased slightly to 47.8 versus expectation of a rise to 48.4. PMI services unexpectedly decreased to 47.3 versus expectation of a rise to 49, hitting a three month low. The composite CPMI decreased to a two month low of 47.3. Germany's data were mixed with PMI manufacturing rose slightly more than expected to 50.1 but PMI services decreased more than expected to 54.1. However, France's data was worrying. While PMI manufacturing rose to 43.6, it missed expectation of 43.9. PMI services even decreased to 42.7 unexpectedly versus expectation of rise to 44.5. Markit chief economist Chris Williamson noted that "a steepening rate of decline in February is a disappointment, and suggests that the eurozone is on course to contract for a fourth consecutive quarter." And, "if it wasn't for Germany, these would be really dire readings." Also, he said that the latest survey suggested that Eurozone economy would shrink 0.2% to 0.3% in Q1. Meanwhile, German Federal Constitutional Court Chief Justice Andreas Vosskuhle was quoted saying that it's still "not quite clear" how the top constitutional court would decide on handling the challengers to Germany's role in ESM and the OMT. ...

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Forex Signal Wrap-up: USD/JPY – Hold long entered at 92.80
(GAINSY Ichimoku Analysis)

USD/JPY – 93.06

Most recent candlesticks pattern : N/A

Trend : Up

Tenkan-Sen level : 93.15
Kijun-Sen level : 93.42
Ichimoku cloud top : 93.61
Ichimoku cloud bottom : 93.47

Original strategy :
Bought at 92.80, Target: 93.90, Stop: 92.45

Long at 92.80
Target: - 93.80
92.45

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Forex Signal Wrap-up: EUR/USD – Sell at 1.3275
(GAINSY Ichimoku Analysis)

EUR/USD – 1.3227

Most recent candlesticks pattern : Shooting star

Trend : Near term down

Tenkan-Sen level :1.3217
Kijun-Sen level :1.3277
Ichimoku cloud top :1.3391
Ichimoku cloud bottom :1.3382

Original strategy :
Sell at 1.3275, Target: 1.3160, Stop: 1.3310

Target: -
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Elliott Wave Forecast: EUR/GBP – Buy again at 0.8485
(GAINSY Elliott Wave Analysis)

EUR/GBP – 0.8668

Recent wave: v of wave 3 has possibly ended at 0.8067 but wave 4 should hold below 0.9050

Trend: Up

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U.S. Consumer Prices Unchanged in January; Initial Claims Rose More than Expected
(GAINSY Fundamental Analysis)

Consumer prices were unchanged for a second consecutive month in January 2013 following an unchanged reading in December 2012 and a 0.2% dip in November. The flat reading overall occurred despite a sharp 3.0% decline in gasoline prices that built on 1.9% and 6.0% drops in December and November, respectively,...

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U.S. Existing Home Sales Increased Slightly in January
(GAINSY Fundamental Analysis)

US existing home sales inched up by 0.4% in January 2013 to 4.92 million annualized units from a revised 4.90 million (was 4.94 million) units sold in December. The level of sales in January was slightly higher than the 4.90 million annualized units that had been expected by the market....

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Forex Signal Wrap-up: GBP/USD – Sell at 1.5340
(GAINSY Ichimoku Analysis)

GBP/USD - 1.5260

Most recent candlesticks pattern : N/A

Trend : Down

Tenkan-Sen level : 1.5220
Kijun-Sen level :1.5220
Ichimoku cloud top :1.5394
Ichimoku cloud bottom :1.5373

Original strategy :
Sell at 1.5310, Target: 1.5160, Stop: 1.5345

Target: -
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Forex Signal Wrap-up: USD/CHF – Buy at 0.9270
(GAINSY Ichimoku Analysis)

USD/CHF - 0.9313

Most recent candlesticks pattern : N/A

Trend : Near term up

Tenkan-Sen level :0.9310
Kijun-Sen level :0.9281
Ichimoku cloud top :0.9217
Ichimoku cloud bottom :0.9213

Original strategy :
Buy at 0.9270, Target: 0.9370, Stop: 0.9235

Target: -
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Daily Statement: Aussie Lifted by Stevens Comments, Euro Soft ahead of Italy Election
(GAINSY Technical Analysis)

Aussie is boosted by comments from RBA governor Stevens that the central has likely paused the rate cut cycle. Stevens said in his testimony to a parliamentary committee that last year's cuts were already "substantial" and rates are at "appropriate level right now". He emphasized that there is already a...

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