GAINSY Hottest Forecasts

http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Forecast: USD/JPY ; USD/CHF ; GBP/USD ; EUR/USD
(GAINSY Technical Analysis)

USD/JPY drew some support from 4 hours 55 EMA and recovered but is held well below 99.94 resistance so far. Intraday bias remains neutral. Consolidation from 99.94 could extend and below 97.95 minor support will bring another fall...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Wrap-up: EUR/USD - Sell at 1.3130
(GAINSY Ichimoku Analysis)

Despite intra-day brief bounce to 1.3177, the single currency met renewed selling interest there and has fallen in New York morning, suggesting top has been formed at 1.3194 yesterday and consolidation with downside bias is seen for weakness to...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: USD/CAD - Buy at 0.9990
(GAINSY Elliott Wave Analysis)

As the greenback has fallen again after brief recovery, suggestng near term downside risk remains for the decline from 1.0343 top to extend weakness for a deeper correction of early rise to 0.9999-1.0000, however, loss of downward momentum should prevent sharp fall below 0.9980-85 (61.8% projection of 1.0295-1.0051 measuring from 1.0132) and bring rebound later...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png BoE Waits for Carney, and US Jobless Claims Hit the Right Note
(GAINSY Fundamental Analysis)

After a fairly dull week of mostly second tier data, Thursday's events have been more interesting. The key data releases were UK production data, the Bank of England policy announcement and US initial jobless claims. After no change at the BOE, it was left to last week's initial jobless claims in the US to really get markets moving...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png European Session: Orders and Options Watch
(GAINSY Technical Analysis)

EUR: The single currency tumbled overnight in New York and has remained under pressure on dollar's broad-based strength as Fed official suggested calling back QE3, stops below 1.3080,1.3050-60 and 1.3030 were triggered and mixture of bids and stops at 1.3000 is now in focus, however, buying interest from Asian CBs is seen at 1.2980, 1.2950 and further out at 1.2925, more stops are expected below 1.2900 (some bids above)...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Sell at 1.3090
(GAINSY Ichimoku Analysis)

The single currency has fallen again after brief recovery overnight and the breach of previous support at 1.3033 adds credence to our view that top has been formed at 1.3243 last week (with shooting star on both daily and hourly chart), bearishness remains for the decline from there to...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Buy at 130.70
(GAINSY Elliott Wave Analysis)

The single currency surged yesterday without the anticipated pullback as USD/JPY broke above psychological resistance at 100.00, this breach of previous resistance at 131.10 confirms medium term uptrend has resumed and further gain towards 132.90-00 would be seen, however, loss of...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Is USD Strength Justified?
(GAINSY Fundamental Analysis)

Broad based USD buying was the key topic since the US jobless claims gathered great optimism this Thursday. USDJPY finally breached above the 100-resistance while Euro and Sterling faded on the speculations that Fed may taper the bond purchases before the end of the year...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: USD Firm after Better Than Expected Retail Sales
(GAINSY Technical Analysis)

Dollar strengthens mildly in early US session as data showed retail sales unexpectedly grew 0.1% in April versus consensus of -0.3% fall. Ex-auto sales dropped -0.1% versus expectation of -0.2%. The greenback retreated earlier today as the week started, digesting last week's sharp rally...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Wrap-up: GBP/USD - Sell at 1.5385
(GAINSY Ichimoku Analysis)

As the British pound has fallen again after meeting renewed selling interest at 1.5385, suggesting the decline from 1.5607 top is still in progress and may extend further weakness to 1.5253-55 (61.8% Fibonacci retracement of intermediate rise from...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: USD/CAD - Hold long entered at 1.0100
(GAINSY Elliott Wave Analysis)

Despite last week's fall to 1.0014, the subsequent strong rebound to 1.0152 low is possibly formed at 1.0014 and consolidation with mild upside bias remains for further gain to 1.0200 but break of 1.0210-15 is needed to retain bullishness and bring a stronger rebound towards resistance at 1.0295...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Retail Sales Rise Slightly In April
(GAINSY Fundamental Analysis)

Retail sales rose a slight 0.1 percent in April after a downwardly revised 0.5 percent decline in March. The softer trend in sales appears to reflect the slowing rate of inflation as opposed to underlying weakness...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: Euro Lower after German ZEW, Aussie Tumbled after Budget
(GAINSY Technical Analysis)

Euro pared back some of this week's recovery against dollar after disappointment from ZEW. The German ZEW economic sentiment just inched higher by 0.1pt to 36.4 in May, comparing to expectation of 40...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Wrap-up: USD/JPY - Buy at 100.85
(GAINSY Ichimoku Analysis)

Although the greenback has rebounded after finding support at 101.25, break of yesterday's high of 121.15 is needed to signal recent upmove has resumed and extend gain to 102.35-40 (50% projection of 77.14-96.71 measuring from 92.57) but loss of...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/GBP - Stand aside
(GAINSY Elliott Wave Analysis)

Although euro's breach of indicated resistance at 0.8497 signals a temporary low has been formed at 0.8398 and consolidation with mild upside bias is seen for retracement of recent decline to 0.8538 resistance, break there is needed to retain near term bullishness for a stronger rebound to 0.8569, then towards indicated key resistance at 0.8592 which is likely to hold from here...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png The European Bail-in and the EUR
(GAINSY Fundamental Analysis)

After a slow start in financial markets this week a couple of themes are emerging: the yen is rebounding and the euro is getting hit from comments coming out of the Eurozone finance ministers meeting in Brussels...

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(GAINSY Technical Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: USD Extended Rally With Stocks and Yield, Eurozone GDP Watched

Dollar extended recent rally together with US equities and treasury yields overnight and stayed firm in Asian session. DOW and S&P 500 jumped to new record high of 15215.25 and 1651.1 respectively. Asian equities followed with Nikkei breaking 15000 handle for the first time since 2008...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Forecast: AUD/USD ; USD/CAD ; USD/JPY ; USD/CHF

AUD/USD drops further to as low as 0.9876 so far today and intraday bias remains on the downside. AUD/USD is currently pressing the lower trend line support (now at 0.9880) and we'd be cautious on rebound from here. Though, as long as 1.0003 minor resistance holds, deeper decline is expected. Sustained break of the trend line will pave the way to retest 0.9588 support...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Forecast: GBP/USD ; GBP/JPY

GBP/USD's fall from 1.5606 is still in progress and intraday bias remains on the downside for 1.5196 support. Break will confirm that corrective rebound from 1.4830 has completed at 1.5606 after hitting 50% retracement of 1.6380 to 1.4830 at 1.5605...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Forecast: EUR/USD ; EUR/CHF ; EUR/GBP ; EUR/JPY

EUR/USD's fall resumed after brief consolidations and reaches as low as 1.2912 so far. Intraday bias is back on the downside and deeper fall should be seen back to 1.2746 support. Break will resume whole decline from 1.3710 support...

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(GAINSY Ichimoku Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: USD/JPY - Buy at 101.50

The greenback has rallied after finding renewed buying interest at 101.25 yesterday, suggesting recent upmove is still in progress and further gain to 102.65-70 and possibly 102.95-00 would be seen, however, weakening of near term upward...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Sell at 1.2990

As the single currency has remained under pressure after breaking last week's low of 1.2935, suggesting recent decline is still in progress and further weakness to 1.2870-75 and possibly 1.2850-55 (1.618 times projection of 1.3243-1.3033 measuring...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: GBP/USD - Sell at 1.5300

As the British pound has remained under pressure after meeting renewed selling interest at 1.5331 yesterday, suggesting recent decline from 1.5607 top is still in progress and further weakness to 1.5170-75 (50% projection of 1.5593-1.5275...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: USD/CHF - Buy at 0.9635

As the greenback has continued to move higher after finding renewed buying interest at 0.9521 yesterday, suggesting recent upmove is still in progress and further gain to 0.9719 (1.618 times projection of 0.9207-0.9499 measuring from 0.9247) would be...

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(GAINSY Fundamental Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Fitch Raises Greece's Rating By One Notch With Stable Forecast

Fitch Ratings raised Greece's sovereign credit rating by one notch to B-minus from triple C, with stable outlook, mentioning the progress done by the government to slash budget shortfall and tackle economic imbalances which lowered the possibilities of exiting the currency bloc...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Euro Unwind On Slowing German Growth

The European markets started the day by a heavy Euro-unwind on the disastrous German growth registered in the first quarter. Released this morning, the Q1 preliminary numbers witnessed 1.4% drop in the German growth, the Euro-Zone's leading growth engine...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD Gains Across The Board

After a pause on Monday, the dollar restarted the rebound from the end of last week. The euro had popped up early in Asia on media reports that US hedge fund returned to European assets and to the single currency. However, the rebound had no strong legs...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png European Shares Fluctuate On Weak Growth Data, Euro Hit 6-Week Low

European equity market wobbled on Wednesday's early trading session as data showed Germany just narrowly avoided contraction while France slipped into a technical 'triple-dip' recession in the first quarter of 2013...

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(GAINSY Elliott Wave Analysis)

http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: AUD/USD – Sell at 1.0000

As aussie has continued to move lower after breaking below psychological support at 1.0000, suggesting recent E leg decline is still in progress and further weakness to 0.9820 and possibly 0.9790-00 would be seen, however, near term oversold condition should prevent sharp fall below 0.9750 and price shoudl stay well above support at 0.9672 (C leg trough) and the pair may stage a strong rebound from there later this month...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Buy at 130.90

As the single currency has retreated after yesterday's brief rise to 132.78, suggesting consolidation below there would be seen and pullback to 131.53 (yesterday's low) and possibly 131.11 support cannot be ruled out, however, renewed buying interest should emerge around 130.90 and bring another upmove later...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: USD/CAD - Hold long entered at 1.0100

Despite intra-day rise to 1.0220, as the greenback has retreated, suggesting minor consolidation would be seen but downside should be limited to 1.0135-40 and bring another rise later, break of said resistance would add credence to our view that low...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/GBP - Stand aside

Despite breaking previous resistance at 0.8497, lack of follow through buying and current retreat from 0.8516 (yesterday's high) suggest further consolidation would be seen but only break of 0.8427-31 support would revive bearishness and signal...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: USD Mildly Lower after Weak Economic Data
(GAINSY Technical Analysis)

Dollar weakens mildly again in early US session after another round of weaker than expected data. Initial jobless claims rose more than expected to 360k in the week ended May 11. While building permits improved to 1017k in April, house starts dropped sharply to 853k...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Wrap-up: GBP/USD - Sell at 1.5385
(GAINSY Ichimoku Analysis)

Despite intra-day retreat to 1.5197, as the British pound has rebounded after holding above yesterday's low of 1.5173, suggesting a minor low has been formed at 1.5173 and consolidation above this level would be seen with mild upside bias for...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/GBP - Sell at 0.8465
(GAINSY Elliott Wave Analysis)

Despite this week's rebound to 0.8516, the subsequent retreat suggests top is possibly formed there and consolidation with downside bias is seen for test of indicated support at 0.8427-31, break there would revive bearishness and signal correction...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Weak US Data Weighs on the Buck
(GAINSY Fundamental Analysis)

The slew of economic data released this morning out of the US reinforced the need for ongoing Fed stimulus (for now) as reports raised concern regarding both of the Fed's mandates (price stability and full employment). Consumer prices fell by -0.4% m/m in April which was deeper than the expected -0.3% drop and even lower than the prior month's decline of -0.2%...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: USD Retreat Limited by Fed Williams' Comments
(GAINSY Technical Analysis)

USD's retreat overnight was rather shallow as the greenback recovered after comments from San Francisco Fed Williams. He noted that the labor market has clearly "improved since September" and Fed could reduce the pace of the open ended asset purchase "as early as this summer"...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: USD/CHF - Hold long entered at 0.9585
(GAINSY Ichimoku Analysis)

Despite yesterday's fall to 0.9578 (we entered long at 0.9585), as the greenback has rebounded after finding support there, retaining our bullishness and gain towards yesterday's high of 0.9709 would be seen, however, break there is needed to signal...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Buy at 130.45
(GAINSY Elliott Wave Analysis)

Euro's near term sideways trading is likely to continue and as long as resistance at 132.78 (this week's high) holds, risk of another corrective fall to support at 131.19 cannot be ruled out, however, renewed buying interest should emerge around 130.45-50 and bring another upmove later...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png European Stocks Retreat On Fed's Williams Talk Of QE Exit
(GAINSY Fundamental Analysis)

European equities retreated on Friday trading session, edging off multi-year highs as a Federal Reserve policy maker said the central bank may begin slowing the pace of its $85 billion in monthly bond-buying amid signs the economy is gradually gaining strength...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: JPY Recovery Lost Steam, Markets Consolidate
(GAINSY Technical Analysis)

Markets are relatively steady in thin holiday trading today. Yen recovered earlier today but there was no follow through buying so far. Dallas Fed Fisher said today that he saw the economy "picking up as they go through the year" and might even grow at rate above 2.5%...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Wrap-up: EUR/USD - Sell at 1.2950
(GAINSY Ichimoku Analysis)

Euro's rebound after last week's resumption of decline to 1.2796 suggests consolidation above this level would be seen and test of intra-day resistance of 1.2878 and possibly Friday's high of 1.2890 cannot be ruled out, however, still reckon resistance at 1.2930 would limit upside and renewed selling interest should emerge around 1.2950, bring another decline later...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: USD/CAD - Buy at 1.0200
(GAINSY Elliott Wave Analysis)

As the greenback has retreated after rising to 1.0313 last week, suggesting minor consolidation below there would be seen and pullback to 1.0240-50 is likely, however, reckon 1.0190-00 would limit downside and bring another rise later, break of said...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Reflection Time for USD Traders
(GAINSY Fundamental Analysis)

It's been pretty slow-going today as economic data has been thin on the ground. Ranges in FX are fairly tight and stock markets are flat to fairly neutral. Currently US futures are pointing to a slightly lower open. But there are some important fundamental events this week that could impact the medium-term direction of markets...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: JPY Firm after BoJ Minutes
(GAINSY Technical Analysis)

Yen is firm as the week started as Japanese equities tumbled with Nikkei down over -400 points. The BOJ minutes for the April meeting suggested that while policymakers generally agree asset purchases should continue until the inflation target of 2% is reached, some of them were concerned that the target might not be achieved...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Hold short entered at 1.2975
(GAINSY Ichimoku Analysis)

Despite Friday's initial rise to 1.2994, the subsequent retreat after faltering below last week's high of 1.2998 has retained our consolidative view and bearishness remains for another decline, a break below Friday's low of 1.2904 (this would also...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Stand aside
(GAINSY Elliott Wave Analysis)

Despite Friday's brief bounce to 132.57, as the single currency has retreated again after meeting renewed selling interest there, suggesting a temporary top is possibly formed at 133.82 and consolidation with mild downside bias is seen for another test of...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png European Equities Rebound On Quiet Trading Day, China, EU To Discuss Trade War
(GAINSY Fundamental Analysis)

Stocks in Europe kicked off the week in green territories, rebounding from sharp losses suffered in the previous session despite positive data from Germany and the U.S. Trading volume will be light with financial markets in the U.K. shut for the Spring Bank holiday and U.S. markets closed for Memorial Day...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: USD Recovers Mildly as Focus Turns to Consumer Confidence
(GAINSY Technical Analysis)

Dollar recovers mildly as markets are coming back from holiday. EUR/USD is back pressing 1.29 level while USD/JPY is trading above 101. Asian equities are nearly flat with Nikkei recovery from earlier loss...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: USD/JPY - Buy at 101.35
(GAINSY Ichimoku Analysis)

Dollar's intra-day strong rebound suggests decline from 103.74 has ended at 100.66 last week and consolidation with upside bias is seen for retracement of this decline to 102.20 (50% Fibonacci retracement of 103.74-100.66), however, reckon upside...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Sell at 132.50
(GAINSY Elliott Wave Analysis)

Although the single currency has stage a strong rebound after holding above previous support at 129.95 and near term upside risk is seen for marginal gain, as outlook remains consolidative, upside would be limited to 132.57 resistance and bring another...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD Still On The Front Seat
(GAINSY Fundamental Analysis)

The FX markets are still under the USD-buy pressure as the Fed 'tapering' remains on the driver seat. Due this afternoon, the US consumer and manufacturing data should continue adding some spice to the FX trading. So far, USDJPY and JPY crosses are recovering from last week's heavy short squeeze, while euro and sterling gather little enthusiasm...

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cool reading....gainsy......I like the up-to-date fundy's and pertinent data. quite usable!!

You are welcome!) Have a nice profit!

http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: USD/JPY Dives after Contraction Reading in ISM Manufacturing
(GAINSY Technical Analysis)

Dollar falls against the Japanese yen in early US session after release of weaker than expected economic data. The ISM manufacturing index unexpectedly dropped 49.0 in May and that was the first contraction reading since last November...

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

Although the greenback did stage the anticipated reound after finding support at 0.9511, failure to extend this move (just missed our upside target at 0.9630) and the subsequent from 0.9625 suggest further consolidation woudl be seen but only break of...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Sell at 132.00
(GAINSY Elliott Wave Analysis)

Although the single currency has remained under pressure and test of 129.95 support cannot be ruled out, break there is needed to signal another leg of corrective decline from 133.82 top (formed last week) is underway and bring retracement of...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png U.S. Manufacturing Activity Unexpectedly Contracted in May; Construction Spending Rose in April
(GAINSY Fundamental Analysis)

Activity in the US manufacturing sector contracted in May 2013 for the first time since last November as evidenced by the ISM manufacturing index falling to 49.0 in the month from 50.7 in April...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: USD Steady after Mixed Data
(GAINSY Technical Analysis)

Dollar is steady in early US session after mixed economic data. ISM non-manufacturing index improved more than expected to 53.7 in May. ADP employment report release earlier was a disappointment. It showed merely 135k growth in private sector jobs comparing to expectation of 170k...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Update: EUR/USD - Sell at 1.3090
(GAINSY Ichimoku Analysis)

Despite intra-day brief rise to 1.3118, lack of follow through buying on break of resistance at 1.3108 and current retreat suggest consolidation would be seen and test of intra-day support at 1.3053 (same level as current upper Kumo) is likely, break there would signal an intra-day top is...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/GBP - Buy at 0.8445
(GAINSY Elliott Wave Analysis)

Despite yesterday's rebound to 0.8559, as the single currency met renewed sellinig interest there and has retreated, retaining our view that further consolidation within recent established range would be seen and near term downside risk remains for another fall to 0.8470 and possibly to...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png ECB Preview: 1.3200 on the Horizon for EUR/USD
(GAINSY Fundamental Analysis)

On Thursday 6th June at 1245 BST/ 0745 ET the ECB will announce interest rates. The market expects no change in rates or any unconventional policy action at this meeting. ECB President Mario Draghi will hold his monthly press conference at 1330 BST/ 0830 ET...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: Euro Rises as ECB Draghi Painted a Better Picture
(GAINSY Technical Analysis)

Euro extends rally against dollar after ECB left rates unchanged at 0.50% and President Draghi painted a brighter picture in the press conference. ECB revised down this year's GDP forecast to -0.6%, down from prior forecast of -0.5%...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Update: EUR/USD - Stand aside
(GAINSY Ichimoku Analysis)

As the single currency has risen again after finding support just above the Ichimoku cloud top, suggesting near term upside risk remains for the rise from 1.2796 low to bring a stronger retracement of recent decline to 1.3175-80, however, near term overbought condition should limit upside...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Stand aside
(GAINSY Elliott Wave Analysis)

Failure to extend yesterday's rebound and the single currency fell again after meeting renewed selling interest at 131.40 yesterday (same level as Tuesday's high), suggesting the decline from 133.82 top is still in progress for retracement of recent upmove, below intra-day support at 129.42...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EURO Confinement A Game Winner Ahead Of NFP
(GAINSY Fundamental Analysis)

Everyone will try and keep all their necessary trading very close to home and pare questionable positions ahead of tomorrow's highly anticipated US non-farm payroll report. Already the below consensus US ADP and relatively soft reading on the ISM non-manufacturing employment index may have begun to temper some investors expectations for tomorrow's final payrolls print...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: USD/JPY Dives after Mixed NFP
(GAINSY Technical Analysis)

USD remains generally soft while the Japanese yen extends recent rally in early US session after mixed employment data from US. Non-farm payroll showed 175k growth in May, slightly above expectation of 168k. However, April's figure was revised down from 165k to 149k. Unemployment rate, on the other hand, rose to 7.6% from 7.5%...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Wrap-up: EUR/USD - Buy at 1.3140
(GAINSY Ichimoku Analysis)

Despite intra-day brief bounce to 1.3285, as the single currency has retreated again after faltering below yesterday's high of 1.3306, suggesting further consolidation below there would be seen and near term downside risk is seen for correction to 1.3165-68 (38.2% Fibonacci retracement of 1.2944-1.3306), however, reckon 1.3118-25 (previous resistance and 50% Fibonacci retracement) and bring another upmove later...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/GBP - Buy at 0.8445
(GAINSY Elliott Wave Analysis)

Athough the single currency has rebounded after holding above yesterday's low of 0.8477, reckon upside would be limited to resistance at 0.8559 (this week's high) and near term downside risk remains for another decline, below said support would extend marginal weakness towards 0.8445-...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png U.S. May Payroll Employment Gain Strengthens from April
(GAINSY Fundamental Analysis)

May 2013 payroll employment rose by 175,000 following a downwardly revised 149,000 gain in April (previously reported as 165,000) and an upwardly revised increase in March of 142,000 (previously reported as 138,000). The May gain was slightly stronger than the 163,000 expected within financial markets...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: Risk Aversion Dominates, JPY Firm
(GAINSY Technical Analysis)

Risk aversion dominated financial markets today and in spite of better than expected economic data data from US, sentiments remained weak. Global equities were broadly lower today with Nikkei down -6.35% while major European indices are staying in negative territory in early US session...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Wrap-up: EUR/USD - Stand aside
(GAINSY Ichimoku Analysis)

Although euro has rebounded after intra-day retreat from 1.3390 to 1.3279 and consolidation with mild upside bias is seen, above 1.3370-75 is needed to signal the pullback has ended and bring another test of 1.3390, break there would signal recent...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Sell at 127.15
(GAINSY Elliott Wave Analysis)

Yesterday's selloff from 129.35 and the breach of previous support at 127.11 signals recent decline from 133.82 top (tentatively wave c as well as larger degree wave (A) peak) is still in progress and mya extend further weakness to previous support at 125.00, however, break of this level is...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Retail Sales Better than Expected in May
(GAINSY Fundamental Analysis)

U.S. consumers remained undeterred even in the face of a weaker labor market in the second quarter. Retail sales improved a better-than-expected 0.6 percent in May, with retail sales less autos improving 0.3 percent...

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