GAINSY Hottest Forecasts

(GAINSY Technical Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: Euro Recovery Continues, But Momentum Stays Weak

Euro remains steady in range as Italian yield drops for another day on talk that Bersani and Berlusconi might form a coalition government and avoid months of political uncertainties. But strength is so far very limited. Dutch government said today that it will not be able to meet the EU deficit target. The economic agency CPB said that Dutch deficit would hit 3.3% of GDP this year and 3.4% of GDP next year, exceeding EU's target of 3%. While the government is already implementing a EUR 16b austerity program over 2013 to 2017, deficit would exceed by EUR 2b in 2013 and EUR 3b in 2014, as the economy is expected to contract by -0.5% this year before back to growth of 1.0% in 2014. CPB projects that private consumption will fall sharply in 2013 by -1.5% while housing investments will contract by -7%...

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(GAINSY Fundamental Analysis)


http://www.gainsy.com/templates/sj_w.../icons/usd.png US Sequester Right Ahead

The BoJ finally nominated its new Governor. As widely expected, Haruhiko Kuroda will take the BoJ’s leadership, with Kikuo Iwata and Hiroshi Nakaso as Deputy Governors. The Japanese equities rallied while JPY showed little reaction...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png What Is Driving This Rally In Stocks

But the market is not focused on this; instead it's concentrating on all of the liquidity on offer from the world's major central banks. Today Japan's government nominated an uber-dove to be the next BOJ governor, concern from the FOMC minutes that the Fed would start to withdraw stimulus was...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD - Under Pressure As Markets Remain Wary

EUR/USD remains under pressure, and has edged downwards, as it trades close to the 1.31 line. The markets continue to be nervous about the political crisis gripping Italy. With no clear winner in this bank week's parliamentary elections, there are fears that a prolonged deadlock could result in economic fallout in...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Market Recovery Underway for a Second Day

Some may argue that the markets are blind to the dangers that still exist in the world. The fundamental landscape is indeed bleak, but that hasn't stopped European stocks opening higher and GBPUSD rising to its highest level for a bank week. Interestingly, the euro has disbanded with its inverse correlation...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png U.S. Fourth-Quarter GDP Growth Revised Upward; Initial Claims Fell Sharply in the Week Ending February 23

The second estimate of US fourth-quarter 2012 GDP growth was an increase of 0.1% at an annualized rate, which was slightly above the advance estimate of a decline of 0.1%. The overall 0.2 percentage point upward revision was more than accounted for by a smaller trade deficit that resulted in...

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(GAINSY Fundamental Analysis)


http://www.gainsy.com/templates/sj_w.../icons/usd.png Swiss GDP Surprises to the Upside in Q4 2012

Data released this morning showed that real GDP in Switzerland rose on a sequential basis of 0.2 percent (1.0 percent at an annualized rate) in the fourth quarter, which was stronger than the consensus forecast had anticipated (top chart). Over the past four quarters the Swiss economy has expanded by 1.2 percent, not strong but better than the contractions registered in many other European economies over that period.

In that regard, the 6.7 percent annualized increase in Swiss exports of goods and services in the fourth quarter, the strongest rate of increase in nearly two years, appears to be somewhat surprising as Switzerland sends one-half of its exports to the Eurozone. However, Asian countries have been gaining share over the past few years. A decade ago, developing Asian economies accounted for only 3 percent of Swiss exports, but that percentage has grown to more than 7 percent at present. Therefore, the Swiss economy may have benefitted from stronger economic activity across Asia in the fourth quarter. ...

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(GAINSY Elliott Wave Analysis)


http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: USD/CAD – Buy at 1.0165

USD/CAD – 1.0269

Recent wave: Only wave v of c has ended at 0.9407 and A-B-C correction has possibly ended at 1.0658

Trend: Near term up

Original strategy :
Buy at 1.0200, Target: 1.0400, Stop: 1.0140

Target: -
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(GAINSY Ichimoku Analysis)


http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: USD/JPY – Sell at 93.00

USD/JPY – 92.25

Most recent candlesticks pattern : N/A

Trend : Near term down

Tenkan-Sen level : 92.25
Kijun-Sen level : 91.91
Ichimoku cloud top : 92.50
Ichimoku cloud bottom : 91.71

Original strategy :
Sell at 93.00, Target: 91.85, Stop: 93.35

Target: -
New strategy : ... Are you interested? Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: EUR/USD – Sell at 1.3150
(GAINSY Ichimoku Analysis)

EUR/USD – 1.3065

Most recent candlesticks pattern : Shooting star

Trend : Near term down

Tenkan-Sen level :1.3069
Kijun-Sen level :1.3105
Ichimoku cloud top :1.3124
Ichimoku cloud bottom :1.3090

Original strategy :
Sell at 1.3225, Target: 1.3080, Stop: 1.3260

Target: -
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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: USD/CHF – Target met and stand aside
(GAINSY Ichimoku Analysis)

USD/CHF - 0.9365

Most recent candlesticks pattern : N/A

Trend : Near term up

Tenkan-Sen level :0.9366
Kijun-Sen level :0.9329
Ichimoku cloud top :0.9308
Ichimoku cloud bottom :0.9299

Original strategy :
Bought at 0.9265, met target at 0.9370

Long at 0.9265
Target: - 0.9370

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD Higher As Policymakers Fail To Avert Sequester
(GAINSY Fundamental Analysis)

The USD is trading firmly against the majors as members of Congress were unable to agree on a plan to replace US spending cuts. Failure to reach a deal and softer than expected US GDP weighed on sentiment with US equities finishing in the red, treasury yields lower and the...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Stable Unemployment In Japan, CPI Falls
(GAINSY Fundamental Analysis)

Japanese unemployment stabilized in January to meet median estimates and unchanged from the previous reading, adding to sings that labor sector notice a period of stability in the world's third largest economy amid the recent mixed performance...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png China's Manufacturing Sector Is Still Expanding, But Only Just
(GAINSY Fundamental Analysis)

Two separate readings of manufacturing sentiment in China point a slowing expansion in the heart of its economy. Official manufacturing PMI slipped to 50.1 in February from 50.4 in the prior month. Economists were expecting to see a slight pick-up in sentiment according to Bloomberg. More evidence of a slowing...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/CHF: Swissy Reverses Previous Session Losses
(GAINSY Fundamental Analysis)

The pair is expected to find support at 0.9304, and a fall through could take it to the next support level of 0.9246. The pair is expected to find its first resistance at 0.9398, and a rise through could take it to the next resistance level of 0.9434...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png AUD/USD: Aussie Trading Higher As Manufacturing PMI In Australia Boosts Investor Sentiment
(GAINSY Fundamental Analysis)

The pair is expected to find support at 1.0193, and a fall through could take it to the next support level of 1.0157. The pair is expected to find its first resistance at 1.0279, and a rise through could take it to the next resistance level of 1.0329...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/JPY: Japanese Unemployment Rate, CPI Drops In January
(GAINSY Fundamental Analysis)

The pair is expected to find support at 92.15, and a fall through could take it to the next support level of 91.64. The pair is expected to find its first resistance at 93.02, and a rise through could take it to the next resistance level of 93.38...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Euro Declined On Persistent Worries Over Italy, Trading Higher This Morning
(GAINSY Fundamental Analysis)

The pair is expected to find support at 1.3032, and a fall through could take it to the next support level of 1.2990. The pair is expected to find its first resistance at 1.3137, and a rise through could take it to the next resistance level of 1.3200...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Europe 'PMIs Day' Ahead With Eurozone Flash CPI Estimate
(GAINSY Fundamental Analysis)

The market beholds a hectic session in Europe on Friday. The political uncertainty in Italy has scarred the sentiment with a hung government until now ahead of the Italian GDP report. Meanwhile, traders are fastening their seat belts for the "PMIs Day"!...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Euro Rebound Running Into Resistance
(GAINSY Fundamental Analysis)

The euro reacted quite orderly after the Italian election result and even tried to recoil. However, both EUR/USD and EUR/GBP ran into resistance yesterday as uncertainty continues to weigh. Will today's data be able to give a clear guidance?...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Over The Edge, Sequestration Begins
(GAINSY Fundamental Analysis)

The risk sentiment further deteriorated overnight as the US Senate failed to reach an agreement to avoid the sequestration. The GDP registered a weaker-than-expected growth in the fourth quarter (0.1% vs. exp. 0.5%, prev. -0.1%), while the price index increased. The US equities retreated, US ten years sovereign bond...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: EUR/USD – Sell at 1.3095
(GAINSY Ichimoku Analysis)

EUR/USD – 1.3004

Original strategy :
Sell at 1.3130, Target: 1.3000, Stop: 1.3165

Target: -

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: USD/CHF – Buy again at 0.9355
(GAINSY Ichimoku Analysis)

USD/CHF - 0.9420

Original strategy :
Buy at 0.9355, Target: 0.9455, Stop: 0.9320

Target: -
New strategy : ... Are you interested? Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: USD/CAD – Buy at 1.0220
(GAINSY Elliott Wave Analysis)

USD/CAD – 1.0314

Recent wave: Only wave v of c has ended at 0.9407 and A-B-C correction has possibly ended at 1.0658

Trend: Near term up

Original strategy:
Buy at 1.0165, Target: 1.0390, Stop: 1.0105

Target: -
New strategy : ... Are you interested? Follow & Read GAINSY Forex Broker Online