GAINSY Hottest Forecasts

China's HSBC Flash Manufacturing PMI Unexpectedly Fell
(GAINSY Fundamental Analysis)

HSBC foundation released its readings for China's Flash Manufacturing Purchasing Managers' Index to show unexpected fell in February, reflecting the weakness of manufacturing sector in the world's third largest economy....

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UK Loses AAA Rating, USD/JPY Soars On New Ultra Dove BOJ Chief
(GAINSY Fundamental Analysis)

U.S. USD Trading (USD) the USD enjoyed strength across the board Monday after a myriad of news over the bank weekend. Late on Friday at the close of New York we saw UK downgraded by Moody's with the financial epicenter losing its prized AAA rating. The other major news over the...

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EUR/USD: Euro Trading Higher This Morning As Investors Eye Italian Election Results
(GAINSY Fundamental Analysis)

The pair is expected to find support at 1.3141, and a fall through could take it to the next support level of 1.3093. The pair is expected to find its first resistance at 1.3242, and a rise through could take it to the next resistance level of 1.3295....

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GBP/USD: GBP Continues To Trade Lower In The Asian Session
(GAINSY Fundamental Analysis)

The pair is expected to find support at 1.5023, and a fall through could take it to the next support level of 1.4922. The pair is expected to find its first resistance at 1.5274, and a rise through could take it to the next resistance level of 1.5424....

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USD/JPY: JPY Staging A Sharp Decline This Morning
(GAINSY Fundamental Analysis)

The pair is expected to find support at 93.34, and a fall through could take it to the next support level of 92.57. The pair is expected to find its first resistance at 94.67, and a rise through could take it to the next resistance level of 95.24....

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AUD/USD: Aussie Trading Tad Lower As Chinese PMI Data Disappoints
(GAINSY Fundamental Analysis)

The pair is expected to find support at 1.0248, and a fall through could take it to the next support level of 1.0214. The pair is expected to find its first resistance at 1.0329, and a rise through could take it to the next resistance level of 1.0376....

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USD/CHF: Swiss Franc Trading Lower This Morning
(GAINSY Fundamental Analysis)

The pair is expected to find support at 0.9287, and a fall through could take it to the next support level of 0.9261. The pair is expected to find its first resistance at 0.9334, and a rise through could take it to the next resistance level of 0.9355....

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USD/CAD: Loonie Dropped On Weak CPI, Retail Sales Data
(GAINSY Fundamental Analysis)

The pair is expected to find support at 1.0176, and a fall through could take it to the next support level of 1.0116. The pair is expected to find its first resistance at 1.0277, and a rise through could take it to the next resistance level of 1.0318....

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BoJ Gov Nominations And An Election In Italy Dominate Investor Sentiment
(GAINSY Fundamental Analysis)

An election in Italy, political wrangling in the US and mounting tension over BoJ nominations is keeping investors on their toes. The outcome of each event has the ability to significantly impact price action. Consequently, EUR is looking very nervous ahead of tonight's final day of voting in Italy, while...

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European Shares Rise On BOJ Speculation, Ahead Of Italy Votes
(GAINSY Fundamental Analysis)

European stocks nudged higher on Monday's opening session, cheered by signs that Japan will continue with its ultra easy monetary policy which outweighed the uncertainty surrounding the Italian elections and the credit ratings cut for the U.K....

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UK Downgraded, BoJ Confused
(GAINSY Fundamental Analysis)

The Asia opened the bank week with a mitigated risk sentiment, ahead of the BoJ’s next Governor announcement in Japan. JPY weakened against all of its major peers, on the crowded wires above the BoJ’s Governor election. The Japanese media reported that ex-MoF Department FinMin Kuroda is likely to be the...

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Sterling Hammered After Moody's Cut U 's Aaa-Rating
(GAINSY Fundamental Analysis)

There was plenty of event risk for the euro on Friday. The low repayment of the LTRO and uncertainty on the Italian elections kept the single currency under (moderate) pressure. The recoil of sterling was aborted as Moody's cut the UK Aaa-rating. USD/JPY reached a new correction top on headlines...

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George Osborne 'Feels The Heat' As UK Credit Rating Slashed
(GAINSY Fundamental Analysis)

U.K's Chancellor of Exchequer George Osborn said the recent downgrade by Moody's will not affect the country's economic policy and the government will stick to its austerity measures to reduce Britain's debt. Moody's Investors Service downgraded United Kingdom bond rating on Friday by one-notch citing economic weakness. The agency downgraded...

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Japan News Trumps The UK Sovereign Downgrade
(GAINSY Fundamental Analysis)

Looking at the UK downgrade first, the market impact has been fairly muted so far. Gilt yields actually fell at the open this morning. A downgrade had been expected by the market and was pretty much priced in: 10-year gilt yields have been trending higher since the end of August...

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EUR Consolidates Ahead Of Italian Election Results
(GAINSY Fundamental Analysis)

The bank week started with choppy risk sentiment on the back of the UK downgrade, the Italian elections and the crowded news on the BoJ's next Governor announcement. So far, JPY extended its weakness, EUR consolidated last bank week's losses, and surprisingly, GBP recoiled from Friday's heavy sell-off on some profit taking....

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Intraday Statement: Euro Rebound ahead of Italian Election Results, Sterling and JPY Stay Soft
(GAINSY Technical Analysis)

Euro recoils strongly in early US session as markets are starting to price in a victory for center-left leader Bersani. Preliminary results would be released at around 3pm in Rome while full results are expected tomorrow. Meanwhile, Euro is also supported by satisfactory debt auction in Italy today while saw...

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EUR Needs Italian Exit Polls For Clarity
(GAINSY Fundamental Analysis)

No one needed to convince the credit agency's to have a second look. Moody's had strong enough reasons to strip the UK of its coveted triple-A credit rating late last Friday. It was the timing of the downgrade that caught many off guard. Investors had assumed that if there were...

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Moody's Downgrade UK Rating from AAA to Aa1
(GAINSY Fundamental Analysis)

Late Friday Moody's downgraded the domestic- and foreign-currency government bond ratings of the United Kingdom by one notch from AAA (negative outlook) to Aa1 (stable outlook). Moody's justification for the downgrade is indeed hard to argue with as the press release highlighted three interrelated drivers for the downgrade:...

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Italy Election Indecision & Bernanke's Testimony
(GAINSY Fundamental Analysis)

The latest from Italy's elections is that there is a chance that a HUNG PARLIAMENT would lead to 2nd round of voting. Center-left coalition formed by Pier Luigi Bersani leads in both the lower and upper houses of parliament in Italy's elections. Bersani's Democratic Party and its junior coalition have...

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Elliott Wave Forecast: EUR/JPY – Sell at 122.25
(GAINSY Elliott Wave Analysis)

EUR/JPY – 120.23

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

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