GAINSY Hottest Forecasts

http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/GBP – Hold long entered at 0.8450
(GAINSY Elliott Wave Analysis)

Although the single currency has retreated after intra-day initial brief bounce to 0.8521, as long as support at 0.8412 (this bank week's low) holds, further consolidation would be seen with upside bias for another bounce, above said resistance would add credence to our view that a temporary low is possibly formed, ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: GBP/USD – Hold short entered at 1.5125
(GAINSY Ichimoku Analysis)

Despite intra-day decline to 1.5034, current recoil suggests caution on our short position entered at 1.5125 and resistance at 1.5154-59 (intra-day resistance and yesterday's...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png U.S. Initial Claims Jumped in the Week Ending March 30
(GAINSY Fundamental Analysis)

US initial claims jumped by a larger than expected 28,000 in the bank week ending March 30, 2013, and built on a 16,000 jump to an unrevised 357,000 level for the prior bank week. The reading in the latest bank week marked the highest pace of claims since late November 2012 when the...

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(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: USD/JPY – Buy at 94.60

Although the greenback has risen again after intra-day brief pullback, suggesting the rally from 92.57 (this bank week's low) is still in progress and as price has penetrated...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: EUR/USD – Buy at 1.2790

Despite intra-day brief breach of previous support at 1.2751, lack of follow through selling and the subsequent strong recoil from 1.2747 suggest a temporary low is possibly...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: GBP/USD – Buy at 1.5130

Despite intra-day decline to 1.5034, as the British pound held just above previous support at 1.5026 and has staged a strong recoil, suggesting the decline from 1.5280 has...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png ECB Leaves Monetary Stance Unchanged, Policymakers See Risks to Recovery to the Downside
(GAINSY Technical Analysis)

The ECB announced to leave the main refinancing rate unchanged at 0.75% and added no new unconventional monetary easing measures in April. The central bank expected the economy in the Eurozone would recover later this year but uncertainty remains. Policymakers pledged to, in coming bank weeks, "monitor very closely all the...

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http://www.gainsy.com/templates/sj_w.../icons/usd.pngDaily Statement: JPY Selloff Continues, Focus Turns to NFP
(GAINSY Technical Analysis)

JPY's post BoJ weakness remains the general theme today as USD/JPY jumps to 3 1/2 year high of 97.19 and took out 96.70 resistance to resume recent up trend. AUD/JPY also jumped sharply and broke 100 psychological level to reume the larger up trend. Solid strength is also seen in...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: EUR/USD – Buy at 1.2840
(GAINSY Ichimoku Analysis)

Although euro has recoiled after finding support at 1.2901, fracture of yesterday's high of 1.2949 is needed to signal the rally from 1.2747 low is still inprogress and...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY – Buy again at 121.65
(GAINSY Elliott Wave Analysis)

This bank week's anticipated strong recoil from 119.12 adds credence to our view that the c leg of wave iv from 126.03 has ended there and test of this resistance is likely, however, fracture there is needed to suggests wave v has commenced for gain to 126.95-00, fracture there would confirm...

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Draghi is Warming Up

ECB kept all rates unchanged. The Governing Council did discuss rate cuts extensively, but consensus was for the time being not to look at cutting rates. The Council also discussed a variety of other measures including a programme for SMEs...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Research Note: US March Employment Statement Preview

On Friday, April 5, at 0830ET/1330GMT the US is forecasted to report a change in non-farm payrolls (NFP) of +195K (prior +236K; range +366/100K), a change in private payrolls of +200K (prior +246K; range +115K/+260K), and a steady unemployment rate of 7.7% (prior 7.7%; range 7.6/7.8%), according to Bloomberg market...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD Mostly Weaker, JPY Underperforms After Central Bank Meetings

The USD is trading lower against most of the G10 currencies with the notable exception being the Japanese yen after major central bank meetings in Japan, the UK, and Europe. The JPY is currently weaker against the buck by about 3.27% following aggressive easing by the Bank of Japan overnight....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png BoJ Ramps USDJPY Higher, Aussie USD Sold Heavily - What Gives?

Central bank action and inaction drove some solid moves on Global FX markets overnight with some very large moves in the USDJPY and JPY crosses as well as a late reversal from Euro and Sterling. The Aussie had a shocker proving there's more to trading currencies than just a look...

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Asia Session: JPY Continues To Weaken

The yen continued to weaken today, after the BoJ announced a huge raft of stimulus measures aimed at boosting inflation and growth in Japan. The sheer aggressiveness of the BoJ's easing strategy has propelled local equities higher on anticipation of growth, and the yen lower as a direct consequence of...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Euro Trimmed Losses On Downbeat US Jobless Data, Trading Tad Higher This Morning

The pair is expected to find support at 1.2799, and a fall through could take it to the next support level of 1.2669. The pair is expected to find its first resistance at 1.3004, and a rise through could take it to the next resistance level of 1.3079....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png GBP/USD: GBP Advanced As BoE Refrained From More Stimulus

The pair is expected to find support at 1.5091, and a fall through could take it to the next support level of 1.4955. The pair is expected to find its first resistance at 1.5304, and a rise through could take it to the next resistance level of 1.5381....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/JPY: BoJ's Aggressive Monetary Easing Continues To Push JPY Lower

The pair is expected to find support at 94.08, and a fall through could take it to the next support level of 91.24. The pair is expected to find its first resistance at 98.44, and a rise through could take it to the next resistance level of 99.97....

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/CAD: Loonie Trading Flat This Morning, Canadian Jobless Data Awaited

The pair is expected to find support at 1.0101, and a fall through could take it to the next support level of 1.0071. The pair is expected to find its first resistance at 1.0164, and a rise through could take it to the next resistance level of 1.0197....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png AUD/USD: Aussie Dropped As Demand For Greenback Rose

The pair is expected to find support at 1.0369, and a fall through could take it to the next support level of 1.0330. The pair is expected to find its first resistance at 1.0463, and a rise through could take it to the next resistance level of 1.0518....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png North Korea Hits Risk-Appetite

The overnight trading session saw the Japanese equities' early rally quickly capped by North Korean nuclear threat. The Nikkei 225 kick-started the day, soared to 13,225.62 before easing back below 13,000 on the political nuclear tensions in the region. Hang Seng decreased 2.6%, while Kospi sold-off 1.6%. Korean news...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png European Stocks Fluctuate Ahead Of Key U.S. Jobs Data

European shares turned mixed in the opening minutes of Friday trading as investors awaited U.S. employment data following a string of weak data, including Thursday`s disappointing jobless claims report, raising concerns the economic growth is losing momentum in the world`s largest economy....

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png JPY Sells Off On Aggressive BOJ

USD/JPY gained more than 3 yen and tested rally high this morning as markets digest the BOJ bold move. EUR/USD drops after dovish ECB, but a short squeeze occurred when main support held. US payrolls may cause more fireworks today...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png JPY Taking Skydiving Lessons

The euro (EUR) drove higher against the US dollar (USD) after an initial fall during yesterday's speech by European Central Bank (ECB) president Mario Draghi. The ECB chief proved confident in his speech and the actions of the central bank and reaffirmed his belief for growth in the Eurozone in...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Nonfarm Payrolls In Focus

The overnight trading session saw decent swings on Japanese equities, bonds and FX markets. The upcoming sharp monetary easing in Japan and the North Korean nuclear threat were the main catalysts in the overnight trading. Elsewhere, Euro partially retraced yesterday's Draghi-rally; while sterling get a lift up on the status...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Choppy FX Trading Ahead NFP

Market volatility remains evident across the board, with volatile dollar trading ahead of the infamous jobs report. The dollar lost grounds yesterday following the bank weekly jobless claims data as investors remain skeptic over the pace of the recovery in the jobs market. European currencies found the boost to reclaim losses...

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(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: GBP/USD – Buy at 1.5185

Cable's rally after finding renewed buying interest at 1.5199 and broke above recent high of 1.5280, confirming our view that recent upmove has resumed and further gain to...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: USD/CHF – Sell at 0.9425

The greenback has fallen again after meeting renewed selling interest at 0.9433 and previous support at 0.9354 was penetrated, suggesting early decline from 0.9567 top has...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: USD/CAD – Buy at 1.0180
(GAINSY Elliott Wave Analysis)

Despite yesterday's brief fall to 1.0103, the subsequent rally after holding abvoe indicated support at 1.0101 (previous resistance) has revived our bullish count and consolidation with upside bias is seen for further gain to strong resistance at 1.0295-90, however, fracture there is needed to add credence to our view that...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: USD Sold off after NFP, CAD Even Weaker
(GAINSY Technical Analysis)

USD is sharply lower against European majors in early US session after disappointing employment data. Non-farm payroll showed 88k growth in March only, less than half of expectation of 190k. That's also the lowest number since June 2012. February's figure was revised up from 236k to 268k but that was...

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png It's A Hope And A Prayer For NFP

A less dovish Draghi came and went yesterday. The Bank of England stood 'pat,' while the Bank of Japan's Kuroda delivered. EUR positions have been squeezed on either side of the current range, but a surging EUR/JPY has left the 'single' currency net higher ahead of today's US payroll release....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD Tentative Before Payrolls

In the last 24 hours there hasn't been a unifying theme in the FX or equity market. For example, the dollar has strengthened against the yen, but weakened versus the pound and the euro. Likewise in equities, the Nikkei rose 1.5% in Friday's trading, while the Hang Seng was down...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Canadian Employment Fell and Unemployment Rate Up in March

The volatility in employment continued in March 2013 with 54,500 jobs lost in the month following a 50,700 jump in February and January's 21,900 drop. The unemployment rate rose although stayed in the 7.0% to 7.2% range that has been established since November. Today's weaker showing overshot expectations that to...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Canadian Trade Balance Unexpectedly Deteriorated in February

The February 2013 Canadian trade balance unexpectedly deteriorated to a $1.0 billion deficit from revised $0.7 billion (was $0.2 billion) and $0.4 billion (was $0.3 billion) deficits in January 2013 and December 2012, respectively, that were both larger than previously reported....

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png U.S. Trade Deficit Improved to $43.0 Billion in February

The US trade deficit improved to $43.0 billion in February 2013 following a sizeable deterioration to a $44.5 billion deficit in January from a smaller $38.1 billion shortfall in December 2012. Exports climbed 0.8% in February that reflected increases in industrial supplies (4.4%) and “other merchandise” (9.9%) that were offset...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png U.S. March Payroll Employment Rises Less than Expected

March 2013 payroll employment rose 88,000 in the month and compared to expectations of a 190,000 increase although with greater pessimism entering the market in recent days following weaker than expected ADP estimates and jobless claims. Some offset was provided by upward revisions to the previous two months with the...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png US: Labour Market Tanks

Non-farm payrolls rose 88k in March and private payrolls increased 95k, both far below expectations. Net revisions were positive at +61K, but the three-month average job growth moderated to 168k from above 200k last month. This is far from the Fed's substantial improvement in the labour market and gives some...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Jobs: Disappointing Gains Yet Still a Case for Growth

Nonfarm employment increased by 88,000 jobs in March and averaged 168,000 over the past three months. Both January and February job gains were revised up by a net 61,000, and March's number could be revised up later as well. The private sector continues to be the driver of job growth,...

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(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: EUR/USD – Buy at 1.2905

Euro's rally after finding renewed buying interest at 1.2901 signals the rally from 1.2747 low is still inprogress and current firmness after fractureing psychological...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: GBP/USD – Buy at 1.5205

Although cable's rally after finding renewed buying interest at 1.5199 and broke above recent high of 1.5280 confirm our view that recent upmove has resumed (indicated upside...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: USD/CHF – Sell at 0.9425

The greenback has fallen again after meeting renewed selling interest at 0.9433 and previous support at 0.9354 was penetrated, suggesting early decline from 0.9567 top has...

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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 Japanese Trade Balance Show More Than Estimated Deficit

Trade Balance in Japan record more-than-estimated deficit during the month of February, but the deficit narrowed from its previous reading, which indicates that current changes in monetary policy and BOJ's leadership still need time to impact....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Us Jobs Data Terrible, Euro Up, JPY And Aussie Down

The Jobs report in the US was an out and out shocker on Firday night printing at just 88,000 against expectations of an increase of 200,000. This data built on the weak ADP report and the unexpected up tick in Jobless claims over the bank week which has dented the certainty...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Asia Session: USDJPY Nears 100.00

USDJPY may be poised to fracture 100 sooner rather than later. The pair flirted with a resistance zone just below 99.00 today, and given the strength of the easing message sent last bank week by the BoJ, it would be bold to fight against the bank at this stage. There is...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png GBP/USD: S&P Affirms UK's 'AAA' Credit Rating

The pair is expected to find support at 1.5230, and a fall through could take it to the next support level of 1.5131. The pair is expected to find its first resistance at 1.5396, and a rise through could take it to the next resistance level of 1.5463....

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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 AUD/USD: Aussie Trading Lower In The Asian Session

The pair is expected to find support at 1.0333, and a fall through could take it to the next support level of 1.0294. The pair is expected to find its first resistance at 1.0425, and a rise through could take it to the next resistance level of 1.0478....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/CAD: Loonie Lower On Disappointing Labour Market Data

The pair is expected to find support at 1.0118, and a fall through could take it to the next support level of 1.0065. The pair is expected to find its first resistance at 1.0230, and a rise through could take it to the next resistance level of 1.0289....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Euro Tumbling In The Asian Session As Portugal PM Announces Spending Cuts

The pair is expected to find support at 1.2912, and a fall through could take it to the next support level of 1.2836. The pair is expected to find its first resistance at 1.3053, and a rise through could take it to the next resistance level of 1.3118....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/JPY: JPY Continues To Trade In The Negative Territory

The pair is expected to find support at 96.57, and a fall through could take it to the next support level of 94.62. The pair is expected to find its first resistance at 99.67, and a rise through could take it to the next resistance level of 100.81....

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