GAINSY Hottest Forecasts

(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Euro Tumbles After Depositors Hit By Cyprus Bail-Out

The euro (EUR) decreased 150 pips against the US dollar (USD) opening at 1.2950 in the Asian session. The pair continues to slide moving below 1.2890 as European markets near opening time. The move comes after Friday night’s decision by European leaders, the IMF and the European Central Bank to...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Cyprus Bailout Shock

The bank week registered a nervous start as the Cypriot depositors see their saving threatened by 10% haircut, while the confidence and the protection of bondholders in the European banks is heavily hit by the Cyprus bailout agreement reached last Friday. The risk-off spilled all over the global markets overnight. The...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png London Session: The Sovereign Debt Crisis 2.0: Let The Bail-Ins Begin

The market had the bank weekend to digest the news that in return for EUR 10 billion of bailout funds from the EU/ ECB and IMF, Cyprus has to raise the best part of EUR 6 billion from bank deposit levies. This has divided the analyst community into two camps: 1,...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Today EURO And JPY Are Both Losers

What a shocker- the Euro 'powers that be' are playing a high stakes game with some big questions lingering over the precedent they are trying to set. In some investor's eyes, the island of Cyprus could now 'unofficially' become the test case for the EUR's survival. This small controversial island's...

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(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: GBP/USD – Buy at 1.5020

Cable’s retreat after Friday’s rise to 1.5177 adds credence to our view that a minor top is formed there and consolidation with mild downside bias is seen for pullback to 1.5040-45 (50% Fibonacci retracement of 1.4908-1.5177 and 38.2% Fibonacci retracement of 1.4832-1.5177), however, reckon the Ichimoku cloud bottom (now at 1.5028) would limit downside and bring another rise. Above said resistance at 1.5177 is needed to signal the rise from last bank week’s low of 1.4832 has resumed for retracement of recent decline to resistance at 1.5200, then towards 1.5219-23 (38.2% Fibonacci retracement of 1.5845-1.4832 and previous resistance)...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: USD/CHF – Sell at 0.9525

As the greenback has recoiled after last bank week’s selloff from 0.9567 to 0.9380, suggesting consolidation above this level would be seen and initial upside bias is seen for gain to 0.9495-00 (61.8% Fibonacci retracement of 0.9567-0.9380), however, reckon 0.9525-30 would limit upside and bring another decline later. A fracture of 0.9415-20 would suggest the recoil from 0.9380 has possibly ended and bring weakness to 0.9380-90 but fracture there is needed to signal the fall from 0.9567 has resumed for weakness towards 0.9350 later but previous resistance at 0.9339 should contain downside...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: Euro Stabilized after Initial Selloff, Still Vulnerable
(GAINSY Technical Analysis)

Euro stabilized after initial selloff on Cyprus turmoil and recovered mildly. European equities opened sharply lower but also pared some gains as the session went on. Moody's said that the overall support package for Cyprus, which include deposit tax, would lower the immediate risk of sovereign debt restructuring. And Moody's...

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(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: GBP/USD – Buy at 1.5040

GBP/USD - 1.5121

Most recent candlesticks pattern : N/A

Trend : Near term up

Tenkan-Sen level : 1.5110
Kijun-Sen level :1.5108
Ichimoku cloud top :1.5091
Ichimoku cloud bottom :1.5043

Original strategy :
Buy at 1.5040, Target: 1.5160, Stop: 1.5005

Target: -

New strategy : ... Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: USD/CHF – Sell at 0.9525

USD/CHF - 0.9451

Most recent candlesticks pattern : N/A

Trend : Near term down

Tenkan-Sen level :0.9453
Kijun-Sen level :0.9437
Ichimoku cloud top :0.9473
Ichimoku cloud bottom :0.9446

Original strategy:
Sell at 0.9525, Target: 0.9400, Stop: 0.9560

Target: -

New strategy : ,,, Follow & Read GAINSY Forex Broker Online
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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/GBP – Buy at 0.8450
(GAINSY Elliott Wave Analysis)

Although the single currency has fallen again today after openning lower today and downside risk is seen for retracement of recent upmove to 0.8490-00, as this move is viewed as the c leg of the wave iv from 0.8815, downside should be limited to previous support at 0.8442 (wave iv...

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Risk-off As Cyprus Considers Bank Tax

The USD is broadly higher amid safe haven demand as the Cyprus bailout took center stage. A vote by the Cyprus Parliament to agree on bailout terms that was originally planned for today was postponed until tomorrow. The nation's government must decide whether to implement proposed taxes on bank deposits...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png RBA Saw Economy Responding To Cuts

The Reserve Bank of Australia sees that previous monetary easing still supports the nation's economy, as the nation's mining sector, unemployment and consumer confidence showed positive signs during the recent period. The Reserve Bank of Australia released its March's meeting minutes, where the RBA noted that he responds quickly with...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Home Prices In China Inclined In Most Cities

New Home prices advances in most of cities on the world's second largest economy, which considered the biggest advance since December 2011, which add pressure on new premier Li Keqiang to defeat property bubble without hindering Chinese growth....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Markets Recover From Cyprus Lows, A Look At The Key Levels

There are some really interesting set ups in the market after the price action of the past 24 hours so this will be a chart heavy post this morning but before we dive into how the charts are set up in many markets let me just say that the moves...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: Euro Consolidates Awaiting Cyprus Parliamentary Debate on Bank Levy
(GAINSY Technical Analysis)

Euro continues to consolidate above yesterday's low as markets were calmed by the so far limited impact of Cyprus news on peripheral yields. The situation showed that investors are so far relatively confidence that the bank deposit tax in Cyprus is a one-off rather than the start of a wider...

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(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: GBP/USD – Buy at 1.5005

As the British pound has retreated after meeting resistance around 1.5144-45, retaining our view that further consolidation below Friday’s high of 1.5177 would be seen and mild downside bias remains for pullback to 1.5040-46 (50% Fibonacci retracement of 1.4908-1.5177 and 38.2% Fibonacci retracement of 1.4832-1.5177 as well as the Ichimoku cloud bottom), however, renewed buying interests should emerge around 1.5005 (50% Fibonacci retracement of 1.4832-1.5177) and bring another rise later. Above said resistance at 1.5144-45 would bring a retest of 1.5177 but fracture there is needed to signal the rise from last bank week’s low of 1.4832 has resumed for retracement of recent decline to resistance at 1.5200, then towards 1.5219-23 (38.2% Fibonacci retracement of 1.5845-1.4832 and previous resistance)...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: USD/CHF – Sell at 0.9525

As the greenback staged a reboung after last bank week’s selloff from 0.9567 to 0.9380, suggesting consolidation above this level would be seen and initial upside bias remains for gain to 0.9495-00 (61.8% Fibonacci retracement of 0.9567-0.9380), however, reckon 0.9525-30 would limit upside and bring another decline later. A fracture of 0.9415-20 would suggest the recoil from 0.9380 has possibly ended and bring weakness to 0.9380-90 but fracture there is needed to signal the fall from 0.9567 has resumed for weakness towards 0.9350 later but previous resistance at 0.9339 should contain downside...

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/CAD: Canadian Foreign Securities Purchases Hit A Four-Month High

The pair is expected to find support at 1.0196, and a fall through could take it to the next support level of 1.0173. The pair is expected to find its first resistance at 1.0247, and a rise through could take it to the next resistance level of 1.0275....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Euro Trading Tad Higher In The Asian Session

The pair is expected to find support at 1.2893, and a fall through could take it to the next support level of 1.2830. The pair is expected to find its first resistance at 1.3007, and a rise through could take it to the next resistance level of 1.3058....

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png U.K. Releases Important Fundamentals, Markets To Eye Inflation Data

Traders are hours away from one of the most awaited releases in the United kingdom, while worries persist in markets ahead of the release of important inflation data one day ahead of budget talks as U.K’s Chancellor George Osborne will outline 2013 budget plan before the parliament....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Eurozone ZEW Survey Expected To Tumble Amid Deepening Political Woes

Amidst the mounting financial and political troubles that hammered the markets, the inconclusive Italian elections and Italy's credit rating downgrade all together have likely overshadowed the prospects for the European economy and reignited worries over the area's debt crisis....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Cyprus Parliament Unlikely To Pass Deposit-Tax Legislation

The government of Cyprus is hoping to push a legislation taxing deposits through parliament on Tuesday in a bid to stave off a default that could reignite the euro zone crisis. While p arliament is unlikely to pass the law, government spokesman Christos Stylianides said on Tuesday....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ahead Of The Cyprus Vote

The Asian stocks partly recovered yesterday’s losses as China’s actual foreign direct investments rose 6.3% year-on-year, overbeating the expectations of -4.8%. Hang Seng advanced 0.04%, Shanghai’s Composite added 0.5%, while Taiex and Kospi index gained 0.4% and 0.5% respectively. In Australia, the RBA minutes showed optimism on the economy well...

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Euro Stabilizes After Initial Post-Cyprus Sell-Off

The euro was sold across the board on Monday morning as markets feared contagion after the 'haircut' on Cypriot deposits. However, the correction on risky assets in Europe and the US developed in an orderly way and this prevented additional follow-through losses. The Cypriot event risk will continue to set...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png European Markets Extend Losses Ahead Of Cyprus Vote

Shares in European markets extended losses in the opening minutes of Tuesday's trading as a controversial bailout plan for Cyprus involving a levy on bank deposits kept investors on edge while Cyprus stock exchange suspends trading and banks remain closed on Tuesday and Wednesday....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png U.K. Inflation Rises To 2.8% In Feb., Adding To Worries Inflation Will Remain Above Target

U.K. inflation climbed to 2.8% in Feb., the fastest pace in nine months, raising expectations prices would remain above the BOE's inflation target this year amid worries the economy is in the throes of a triple dip recession. Today's data showed that CPI for the year ended Feb. rose to...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png ZEW German Business Confidence Mixed Amid Uncertainty

The sentiment in the euro area remains mixed amid the uncertainty over the outlook. The ZEW March sentiment survey reflected the uncertainty among businesses in Germany and across the euro area with downbeat assessment for the economic situation, but still holding onto their positive assessment for the time being!...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY – Look to buy lower
(GAINSY Elliott Wave Analysis)

Although the single currency has recoiled after finding support at 121.47 yesterday and upside risk of marginal rise from here cannot be ruled out, however, reckon upsidwe would be limited to 124.30 (yesterday’s high) and 125.00-10 should hold from here, bring further choppy consolidation (probably a triangle wave iv). Below

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http://www.gainsy.com/templates/sj_w.../icons/usd.png RBA Minutes And Deputy Governor Signaled Further Monetary Easing
(GAINSY Technical Analysis)

The RBA minutes for the March meeting were in a dovish tone. Together with the comments from RBA Deputy Governor Philip Lowe a few hours before the release of minutes, Australian dollar decreased against the US dollar in anticipation of further rate cut from the central bank. In March, policymakers...

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(GAINSY Technical Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Cyprus Bailout - Dangerous Precedence

Eurozone finance ministers agreed on a bailout to Cyprus worth of 10B euro. The most striking aspect is, however, the bank level. Initially, it was proposed that a one-off levy of 6.75% will be imposed on bank deposits of less than 100K euro and 9.9% for above. Under this proposal,...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: Markets In Range Awaiting Cyprus

Markets clearly lack direction at the time of writing as eyes are on the parliamentary debate in Cyprus for the bank levy that's tied to the international bailout. Economic data posted some surprises today but did little impact to markets. Cyprus president Anastasiades expressed the concern that "the house is...

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Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png German Investor Confidence Unexpectedly Leaps To Three-Year High, Euro Remains Weak

German investor confidence continued its rise in Mar. despite renewed worries from Italy and Cyprus on hopes European leaders and ECB will not allow for crisis to be reignited. ZEW survey economic sentiment leaped to 48.5 this month from a prior of 48.2 and expectations of 48.1, while the current...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Euro On Hold, Aussie Under Pressure

The focus is clearly on the Cyprus parliament vote for the EU bailout tentatively planned today at 16:00GMT. However, we already hear noises about the possibility of a second cancellation due to the lack of support and ongoing protests. The FX markets are cautiously trading in tight ranges, waiting for...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Too many Cuts, Not Enough Band Aids For The EURO

A little handholding and a little coaxing can go a long way. This market has checked some of their fevered emotions and taken their foot off the panic pedal with a little help from Euro policy makers. Capital Markets are relatively calm thus far, as investors digest the latest updates...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: GBP/USD – Buy at 1.5005
(GAINSY Ichimoku Analysis)

As the British pound has retreated after meeting resistance around 1.5144-45, retaining our view that further consolidation below Friday’s high of 1.5177 would be seen and mild downside bias remains for pullback to 1.5040-46 (50% Fibonacci retracement of 1.4908-1.5177 and 38.2% Fibonacci retracement of 1.4832-1.5177 as well as the Ichimoku cloud bottom), however, renewed buying interests should emerge around 1.5005 (50% Fibonacci retracement of 1.4832-1.5177) and bring another rise later. Above said resistance at 1.5144-45 would bring a retest of 1.5177 but fracture there is needed to signal the rise from last bank week’s low of 1.4832 has resumed for retracement of recent decline to resistance at 1.5200, then towards 1.5219-23 (38.2% Fibonacci retracement of 1.5845-1.4832 and previous resistance)...

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Canadian January Manufacturing Sales Decline Modestly While Wholesale Sales Rise

Canadian manufacturing sales slipped 0.2 in January after plunging by an outsized 3.3% (previously reported as 3.1%) decline in December that marked the largest monthly drop since May 2009. With that said, weakness in January sales was entirely concentrated in a 3.8% drop in the transportation component, which was...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png U.S. February Housing Starts Rise in the Month

The annualized level of US February housing starts of 917,000 was in line with expectations. The expected increase was smaller than anticipated because the January level was revised upward to 910,000 from the previously estimated 890,000....

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Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: USD/JPY – Buy at 94.45

USD/JPY – 95.11

Most recent candlesticks pattern : N/A

Trend : Up

Tenkan-Sen level : 95.30
Kijun-Sen level : 95.30
Ichimoku cloud top : 95.34
Ichimoku cloud bottom : 94.89

Original strategy :
Buy at 95.00, Target: 96.00, Stop: 94.65

Target: -

New strategy : ... Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: GBP/USD – Buy at 1.5005

GBP/USD - 1.5110

Most recent candlesticks pattern : N/A

Trend : Near term up

Tenkan-Sen level : 1.5109
Kijun-Sen level :1.5109
Ichimoku cloud top :1.5115
Ichimoku cloud bottom :1.5051

Original strategy :
Buy at 1.5005, Target: 1.5110, Stop: 1.4970

Target: -

New strategy : ... Follow & Read GAINSY Forex Broker Online
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Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases

(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: USD/JPY – Buy at 94.45

Although the greenback has recovered after falling to 94.73 yesterday, reckon resistance at 95.73 would limit upside and near term downside risk remains, below said support would bring weakness to 94.60-65 (50% Fibonacci retracement of 93.50-95.75), however, reckon 94.40-45 would hold, bring another recoil later, above 95.50 would suggest pullback from 95.75 has ended and bring another test of this level, above there would add credence to the view that the fall from 96.71 has ended at 93.50 and bring further gain to 96.00 but fracture of resuistance at 96.25-30 is needed to confirm and extend rise to 96.50...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: EUR/USD – Buy at 1.2885

Despite falling to 1.2844 yesterday, the subsequent recoil suggests a temporary low is possibly formed and consolidation with mild upside bias is seen for test of the Ichimoku cloud bottom (now at 1.2944), then yesterday’s high of 1.2970, fracture of latter level would add credence to this view and bring a stronger recoil to 1.2995-96 (current level of the upper Kumo and previous resistance), however, fracture there is needed to retain near term bullsihness for retracement of recent decline towards 1.3040-50 later...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: GBP/USD – Buy at 1.5090

Despite intra-day brief fall to 1.5026, as the British pound found renewed buying interests there and has rallied in part due to the release of 6-3 BOE voting result of QE, adding credence to our bullishness for the rise from 1.4832 low to resume, above 1.5177 resistance would confirm and encourage for further gain to previous resistance at 1.5200, then towards 1.5219-23 (38.2% Fibonacci retracement of 1.5845-1.4832 and previous resistance), however, reckon upside would be limited to 1.5250-60...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: Euro Tumbled as Cyprus Rejected Bank Levy
(GAINSY Technical Analysis)

Euro tumbled overnight after Cyprus parliament rejected the bank levy plan which was tied to the countries' international bailout. The final version of the controversial plan intended to raise EUR 5.5b from deposit taxes and excluded those with less than EUR 20k in their accounts, with 36 MP s voted...

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Practice brings dividends in the form of Ferrari, theory brings bad eyesight, bald spot and diseases