GAINSY Hottest Forecasts

(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png JPY Weakens Further

Financial markets are still adjusting to the Bank of Japan's unprecedented balance sheet expansion. On Monday the BoJ started buying JGB in an effort to stimulate a reallocation of capital. One of the primary projected recipients is the Austrian bond markets which has rallied in expectation of capital inflow. AUD...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Shorting The EUR Is Like Owning Fools Gold

Just when you thought it was safe to go out and sell that 17-member single currency, all things turn pear-shape for the remaining 'bear' as the EUR takes on a new big figure level with gusto, touching $1.31 for the first time since mid of last-month. Investors to date have...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Should We Believe in the EURUSD Rally?

EURUSD has risen more than 1.5% since Friday and today broke above 1.3100. A double whammy has helped boost the EUR in recent days: weak US Non-Farm Payrolls and also the BOJ uber-stimulus. Traders have ditched the dollar (as expectations have grown that the Fed will stick to its QE...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: USD/JPY – Buy at 98.05 or sell at 100.45
(GAINSY Ichimoku Analysis)

As the greenback has risen again after finding support just around the uppe Kumo, suggesting recent upmove has resumed and further gain to 99.95-00 would be seen, above there...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: USD Steady as Fed Released Minutes Earlier than Usual
(GAINSY Technical Analysis)

Fed unexpectedly released the minutes of March 19/20 meeting in US morning, rather than at the usual afternoon. The minutes were released earlier than usual because "they were inadvertently sent early to a list of individuals who normally receive the minutes by e-mail shortly after their usual release time". Those...

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(GAINSY Fundamental Analysis)


http://www.gainsy.com/templates/sj_w.../icons/usd.png U.S. Highlights of the Minutes from the March 19 & 20 FOMC Meeting

The Minutes of the March 19 and 20, 2013 Federal Open Market Committee (FOMC) meeting (which were released ahead of schedule as a result of an inadvertent early release to some Congressional staffers) provided the details of the discussion surrounding the Committee's decision to leave its monetary policy stance unchanged....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png FOMC Debates Asset Purchases, But No Clear Consensus on Winding Down QE

The minutes of the Federal Open Market Committee (FOMC) meeting on March 19-20th revealed the extent of the debate around the Fed's ongoing quantitative easing (QE) program. Participants expressed a wide diversity of opinion on the QE program. In general, as in previous meetings, the minutes showed an increasing concern...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png The Impact of BOJ Intervention

The Bank of Japan's JPY 7.5 trillion per month QE programme may be a valiant effort to try and combat deflation in the Japanese economy, but this rapid extension of the monetary base in such an important global economy is having a big effect on capital markets. Below we look...

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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 97.55 or sell at 100.45

As the greenback has risen again after finding support just around the uppe Kumo, suggesting recent upmove has resumed and further gain to 99.95-00 would be seen, above there...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Wrap-up: USD/CHF – Buy at 0.9260

Although dollar has recoiled after falling to 0.9296 earlier today and consolidation above this level would be seen, fracture of resistance at 0.9367 (this would also...

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

Despite intra-day rise to 0.8560 (same level as yesterday's high), as euro has retreated again after failing to fracture this level, suggesting near term downside risk has increased for pullback to 0.8500-05, however, still reckon downside would be limited to 0.8464 support (Monday's low) and bring another rise later. A

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

(GAINSY Technical Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: Aussie Dips as Unemployment Rate Jumped to 5.6%

Aussie dips sharply in Asian session as data showed unemployment rate jumped 0.2% to 5.6% in March and hitting the highest level since 2009. That was indeed much worse than expectation of being steady at 5.4%. The number of unemployed was 9.7% yoy higher. Employment decreased -36k versus expectation of...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Fed Discussed Tapering QE, Actual Time Dependent On Job Data

The March FOMC minutes signaled that policymakers were more upbeat on the economic developments, although concerns remained on the job market recovery. It was also revealed that the meeting contained vigorous debates about reduction of QE with the consensus that tapering might be appropriate later this year. Yet, recent soft...

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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: USD/JPY – Buy at 97.55 or sell at 100.45

As the greenback has continued to trade with a firm undertone, suggesting near term upside risk remains for recent upmove to extend further gain to 99.95-100.00, above there...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: USD/CHF – Buy at 0.9260

Although dollar recoiled after falling to 0.9296 yesterday, current retreat from0.9340 has retained our view that near term downside risk remains for another test of said...

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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 USD Mostly Stronger After FOMC Minutes, Commodity Currencies Outperform

Risk sentiment is higher and the dollar is mostly firmer against the majors except against the commodity currencies (NZD, AUD, CAD). There was no significant economic indicators released out of the US today and the FOMC minutes were mistakenly leaked which resulted in the report being released this morning at...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png In A Bull Market Be Bullish. Higher Highs In Aussie And S&P 500

Not for a moment did I expect the S&P to fracture up through the trend line that has been constraining it for a while now. But it did and it made a new all time high overnight at 1589 on the back of a strong surge in European stock markets...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Machine Order In Japan

Machine order in Japan fell more-than-estimated in February from a year earlier, but more-than-estimated incline in February to recover January negative reading, signaling that the world’s third largest economy began to recover....

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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 Unemployment Inclines In Australia

Australia's unemployment rate inclined more-than-estimated during the month of March amid the recent mixed performance in global economies, where Australian government showed slowed performance recently....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png AUD/USD Session Preview Thursday April 11th

Movements in the AUD are being dominated mainly by the AUD/JPY cross and to a lesser degree by the strong uptrend in the NZD. The shock-and-awe tactics of the BOJ are still encouraging speculators to sell the JPY and a technical fracture higher in AUD/JPY will have increased momentum.Today's main...

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

The pair is expected to find support at 0.9302, and a fall through could take it to the next support level of 0.9274. The pair is expected to find its first resistance at 0.9350, and a rise through could take it to the next resistance level of 0.9370....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/CAD: House Prices Data Awaited, Trading Tad Lower This Morning

The pair is expected to find support at 1.0135, and a fall through could take it to the next support level of 1.0120. The pair is expected to find its first resistance at 1.0167, and a rise through could take it to the next resistance level of 1.0184....

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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 After Appalling Jobs Data

The pair is expected to find support at 1.0488, and a fall through could take it to the next support level of 1.0462. The pair is expected to find its first resistance at 1.0547, and a rise through could take it to the next resistance level of 1.0580....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/JPY: JPY Cuts Losses On The BoJ Governor's Remarks

The pair is expected to find support at 99.04, and a fall through could take it to the next support level of 98.48. The pair is expected to find its first resistance at 100.02, and a rise through could take it to the next resistance level of 100.44....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png GBP/USD: Sterling Trading Tad Higher Against The Greenback

The pair is expected to find support at 1.5300, and a fall through could take it to the next support level of 1.5271. The pair is expected to find its first resistance at 1.5351, and a rise through could take it to the next resistance level of 1.5373....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Euro Lower On Mixed Industrial Production Data, Trading Tad Higher This Morning

The pair is expected to find support at 1.3028, and a fall through could take it to the next support level of 1.2996. The pair is expected to find its first resistance at 1.3107, and a rise through could take it to the next resistance level of 1.3154....

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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 Another Surprise From Australia's Labour Market

Labour force data out of Australia today dominated the headlines, with a surprisingly large drop in employment and the participation rate sending the unemployment rate to 5.6%, from 5.4%. Just over 36K jobs were shed during March and the labour force participation rate decreased to 65.1%, smashing the consensus estimate...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Cyprus Forecast Revised To 'Stable' By S&P

Standard Poor's Ratings Services on Wednesday revised its outlook on the long-term ratings on Cyprus to stable from negative, citing that the imminent risk of a Cypriot sovereign default has eased significantly after the international bailout deal. It also affirmed its long- and short-term sovereign credit ratings on Cyprus...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD Rebound Running Into Resistance?

A new wave for risk-buying helped EUR/USD to test the 1.3107/34 resistance, but the test was rejected. The dollar found some moderate support from the Fed minutes. USD/JPY is nearing the 100 barrier. Today, more technically inspired trading might be on the cards....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Still Selling JPY

FX risk appetite remains buoyant in the Asian session. After a slight bought of strength, JPY selling is back on. USDJPY rallied to 99.86 after dropping to 98.90, as BoJ’s Kuroda remarked that the BoJ easing wasn’t intended to weaken the JPY. EURUSD started the session under pressure, falling to...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal: USD/JPY – Buy at 98.05 or sell at 100.45
(GAINSY Ichimoku Analysis)

Despite yesterday's resumption of upmove to 99.95, as the greenback has retreated after faltering below psychological resistance at 100.00, suggesting consolidation below...

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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 USD/JPY: Inflation Target Flexible, Indicates BoJ Governor

The pair is expected to find support at 99.05, and a fall through could take it to the next support level of 98.66. The pair is expected to find its first resistance at 99.90, and a rise through could take it to the next resistance level of 100.36....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png GBP/USD: Sterling Trading Tad Higher This Morning

The pair is expected to find support at 1.5338, and a fall through could take it to the next support level of 1.5281. The pair is expected to find its first resistance at 1.5433, and a rise through could take it to the next resistance level of 1.5471....

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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 USD/CHF: Swissy Trading On The Trends Of The Greenback

The pair is expected to find support at 0.9270, and a fall through could take it to the next support level of 0.9244. The pair is expected to find its first resistance at 0.9329, and a rise through could take it to the next resistance level of 0.9362....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/CAD: Canadian New House Prices Increased As Expected In February

The pair is expected to find support at 1.0070, and a fall through could take it to the next support level of 1.0038. The pair is expected to find its first resistance at 1.0144, and a rise through could take it to the next resistance level of 1.0186....

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

The pair is expected to find support at 1.0508, and a fall through could take it to the next support level of 1.0463. The pair is expected to find its first resistance at 1.0591, and a rise through could take it to the next resistance level of 1.0629....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: IMF Trims US Growth Forecasts

The pair is expected to find support at 1.3065, and a fall through could take it to the next support level of 1.3016. The pair is expected to find its first resistance at 1.3151, and a rise through could take it to the next resistance level of 1.3188....

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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 Asia Session: USDJPY Could Break 100 At Any Time But Will It Last?

In an extremely quiet session USDJPY backed away from 100.00 but the pair may just be lining up for another attempt at this key psychological level. Today's pullback was largely due to profit taking amidst thin trading conditions, and was matched by price action in JGBs and the Nikkei....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Eurogroup To Meet This Afternoon, Euro Bullish

The euro (EUR) continues its gains against the US dollar (USD) moving above 1.3130. The single currency has made quite a comeback after last bank week's 1.27 low, pushing ahead nearly 400 pips. This afternoon the Eurogroup meets again, a month after reaching their first agreement on Cyprus. This time Austria...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Risk Appetite Capped By US Jobless Data

The Asian markets ended the bank week flat to slightly lower after the US jobless claims missed the market expectations yesterday. In addition, BoJ's Kuroda stated that the 2% inflation target was flexible, raising the negative pressure on Asian equities overnight. In China, PBOC set Yuan mid-point to its highest level...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Awaiting Today's US Data

Most major currency cross rates developed a consolidation pattern. EUR/USD is holding near the recent highs. USD/JPY narrowly missed the 100 barrier. Today's US retail and consumer confidence might unlock the current stalemate....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: Euro Lower as Finance Ministers Meet
(GAINSY Technical Analysis)

Euro weakens broadly today as Eurozone finance ministers began a two day meeting in Dublin with focus loan extension for Ireland and Portugal. Head of finance ministers Dijsselbloem said that the loan extension are "very important" for both countries and would asset them to regain "proper market access". Cyprus will...

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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: USD/CHF – Buy at 0.9230

Although dollar has recoiled after falling to 0.9280 yesterday, as long as resistance at 0.9340 (yesterday's high) holds, near term downside risk remains for recent decline...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: EUR/USD - Sell at 1.3115 or buy at 1.3015

Despite yesterday's resumption of upmove to 1.3138, the subsequent retreat adds credence to our view that a minor top is formed there and consolidation below this level would...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Forex Signal Update: GBP/USD – Buy at 1.5300

Despite yesterday's rise to 1.5412, as cable has retreated today after faltering below this level, suggesting consolidation below there would be seen with mild downside bias...

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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 European Equities In Red Ahead Of ECOFIN Meeting, U.S. Retail Data

European stocks edged lower in the opening minutes of Friday's trading, snapping a four-day rally as traders looks ahead to an informal two-day ECOFIN meeting in Dublin to finalize a bailout for Cyprus. Portugal, Ireland and Slovenia are all likely to be on the agenda....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Fundamental Update: The Forecast May Not Be So Sweet For Sugar

It seems like the BOJ has hijacked the trading world since announcing its enormous stimulus programme at the start of April. The BOJ's QE is blamed for rising global stock prices and emerging FX appreciation. Is there an asset that hasn't been touched by the BOJ?...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Euro Weakens On Data, JPY Strengthens

The US and Euro-Zone economic data curbed the risk appetite since yesterday. EURUSD registered decent downside this morning as German wholesale and the EZ industrial production gave further evidence of economic darkening within the zone....

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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 Ecofin Meeting Takes Toll On Euro, U.S. USD Rebounds Ahead Of Retail Data

The euro lost its position against U.S. dollar on Friday, as worst than expected data releases the Eurozone weighed on the currency ahead of euro area finance ministers two-day meeting kicking off today....

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Catching The Falling EUR Knife A Winning Strategy?

Mostly a crowded trade and one currency the yen against everything, have consumed the FX market. Today is another short day of Euro-market moving data, and with no supply to be taken down, investors will be waiting for North American trading antics around their own retail sales and US...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png The BOJ Trade Takes a Breather

The markets have had one hell of a bank week, the SPX 500 has risen to a fresh record highs, yen crosses are at multi-year highs, the Thai Baht was at its highest level versus the dollar since 1997 and there was strength across the EM FX space. However, at the...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png U.S. March Retail Sales Decline

Retail sales in March decreased 0.4% in the month and compared to expectations of unchanged activity. The decline followed a solid 1.0% gain in February although this was revised downward from a previously estimated 1.1%. Some slowing in activity had been expected given earlier indications of some modest weakening in...

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