GAINSY Hottest Forecasts

http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: USD Rebounds as Fed Starts Two Day Meeting
(GAINSY Technical Analysis)

Dollar rebounds broadly as markets as FOMC starts a two day meeting today. Fed will release the statement tomorrow, as well as updated economic projections. Bernanke will also hold a press conference and is expected to talking about recent hot topic of tapering the stimulus...

Follow & Read GAINSY Forex Broker Online

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

Although intra-day breach of last week's high of 1.3390 signals recent upmove has resumed and may extend gain to 1.3409-11 (1.236 times projection of 1.2747-1.3243 measurng from 1.2796 and 50% projection of 1.2838-1.3306 measuring from 1.3177) and possibly towards...

Follow & Read GAINSY Forex Broker Online

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

As the single currency has rebounded after holding above last week's low of 124.94, retaining our view that further consolidation above this level would be seen and recovery towards resistance at 128.07 cannot be ruled out, however, break there is needed to signal low has been formed at...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png U.S. Housing Starts Rebound in May
(GAINSY Fundamental Analysis)

Privately owned housing starts in the US rebounded by 6.8% to 914,000 annualized units in May 2013 after falling 14.8% to a five-month low of 856,000 annualized units in April (initially reported 853,000). The May reading was softer than the 950,000 starts expected by markets...

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

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

Dollar's retreat was rather brief and regained strength in early US session. EUR/USD dips through yesterday's low to resume the fall from 1.3416. Even stronger move is seen in USD/CAD after a batch of data from Canada...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Update: EUR/USD - Buy at 1.3125
(GAINSY Ichimoku Analysis)

Although the single currency has fallen again after meeting renewed selling interest at 1.3255 earlier today and near term downside risk remains for the decline from 1.3417 top to bring a stronger retracement of recent upmove to 1.3125-28 (confluence point of 50% projection of 1.3417-...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Hold long entered at 128.30
(GAINSY Elliott Wave Analysis)

Although the single currency retreated after rising to 129.89 yesterday, as renewed buying interest emerged at 128.23 earlier today and euro has rebounded, retaining our bullisness for the rise from 124.94 low to bring a stronger retracement of the decline from 133.82 towards 130.40-45...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Canadian Consumer Price Inflation Rate Was 0.7% in May
(GAINSY Fundamental Analysis)

The unadjusted all-items Canadian CPI rose 0.2% in May 2013 thereby resulting in the annual inflation rate being bumped up to 0.7% from 0.4% in April. On a seasonally adjusted basis, consumer prices were up 0.1%. The Bank of Canada's core measure posted a 0.2% gain in May on an unadjusted basis and was flat on a seasonally adjusted basis. Relative to a year earlier, the Bank's core rate held steady at 1.1%...

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

http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: Asian Markets Dragged Down by China, USD Extends Rally
(GAINSY Technical Analysis)

Asian markets are dragged down by worries over China as the week opened. Nikkei dropped -167 pts, or -1.26% to close at 13062 while HK HSI was sharply lower by dropping for the -2% at the time of writing. In China, the 7-day repo rate on Friday soared to the highest since at least 2003, suggesting tightening of interbank funding...

Follow & Read GAINSY Forex Broker Online

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

Although the single currency has dropped again today and recent decline from last week's high of 1.3417 may extend one more fall to 1.3055-60, loss of downward momentum should prevent sharp fall below 1.3033-43 (61.8% Fibonacci retracement of ...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Buy again at 128.30
(GAINSY Elliott Wave Analysis)

Although the single currency slipped again after meeting resistance at 129.89, as euro found renewed buying interest at 127.80 on Friday and has rebounded, retaining our bullisness for the rise from 124.94 low to resume after consolidation, bring a ...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Morning Forex Fundamental
(GAINSY Fundamental Analysis)

Another signs that the Swiss economy remains highly vulnerable to the on-going financial and sovereign debt crisis in the neighbouring Eurozone have emerged during the last week, as the Swiss National Bank decided to retain the currency ceiling at 1.20 per Euro, highlighting risks to the economy from external developments...

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

http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: China Liquidity Fear Fades, USD Higher on Durables
(GAINSY Technical Analysis)

Concerns over China's liquidity conditions somewhat eased after comments from a PBoC official. European indices opened higher and pared back some of recent losses. US futures also point to higher opening. Dollar stays in tight range in consolidation today...

Follow & Read GAINSY Forex Broker Online

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

Although current retreat signals correction from yesterday's low of 1.3059 has ended at 1.3151 and retest of said support is underway, break there is needed to signal decline from 1.3417 top (formed last week) has resumed and extend weakness to 1.3033-43 (61.8% Fibonacci ...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/GBP - Hold long entered at 0.8490
(GAINSY Elliott Wave Analysis)

As the single currency has fallen again after brief rebound, suggesting near term downside risk remains for the decline from 0.8590 (last week's high) to extend marginal weakness, however, as broad outlook remains consolidative, downside should be limited to support at 0.8469 and bring another rebound later...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD - Steady Ahead of Major US Releases
(GAINSY Fundamental Analysis)

EUR/USD has started the week quietly, in sharp contrast to the volatility we saw last week. In Tuesday's European session, the pair is trading in the low-1.31 range. Taking a look at economic news, there is only one Eurozone release today. Italian Retail Sales declined 0.1% posting its fourth consecutive drop...

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

http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: Euro Lower on Draghi's Comment, USD No Reaction to GDP Revision
(GAINSY Technical Analysis)

European majors are generally lower today in otherwise consolidative markets. In particular, Euro is weighed down by ECB president Draghi's pledge on accommodative polices. Q1 GDP in US was unexpectedly revised down to 1.8% but dollar has little reactions so far...

Follow & Read GAINSY Forex Broker Online

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

Although current breach of this week's low of 1.3059 confirms recent decline from 1.3417 top has resumed and indicated downside target at 1.3033-43 (61.8% Fibonacci retracement of 1.2796-1.3417 and previous support) had been met, loss of downward momentum sould prevent ...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/GBP - Hold long entered at 0.8490
(GAINSY Elliott Wave Analysis)

Despite intra-day brief bounce to 0.8498, as the single currency has fallen again after meeting renewed selling interest there, suggesting near term downside risk remains for the decline from 0.8590 (last week's high) to extend marginal weakness, however, as broad outlook remains consolidative, downside should be limited to support at 0.8469 and bring another rebound later...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD - Losses Continue After Strong US Numbers
(GAINSY Fundamental Analysis)

EUR/USD continues to drop in the Wednesday session. In the European session, the pair is trading in the low-1.30 range, the lowest levels we've seen in about three weeks. In the Eurozone, the day started on a positive note, as German Consumer Climate climbed to a multi-year high...

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

http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: Stocks Rebounded as Fed Tapering Worry Eased, USD Mixed
(GAINSY Technical Analysis)

The unexpected downward revision in Q1 GDP from US was taken as an excuse to speculate that Fed wouldn't taper the asset purchase that soon and helped US equities rebound. DOW closed nearly 150 pts higher and is being followed broadly by Asian equities. Though, note that treasury yields remained close to recent high with 10 year yield at 2.539% comparing to Monday's intraday high of 2.657%...

Follow & Read GAINSY Forex Broker Online

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

Although the single currency has rebounded after falling to 1.2985 yesterday (with a hammer candlestick bullish pattern on the hourly chart) and consolidation above this level is in store with mild upside bias for retracement of recent decline to 1.3055-60, however, reckon the lower Kumo (now at 1.3080) would limit upside and the Ichimoku cloud top (now at 1.3097) should remain intact, bring another decline later...

Follow & Read GAINSY Forex Broker Online

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

Although the single currency has rebounded again after falling to 126.57 yesterday and consolidation above this level is seen with mild upside bias for tes of 128.40-45, break of 128.65-70 is needed to signal the retreat from 129.89 has ended and bring a stronger rebound to 129.20, once...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD - Euro Struggling as Draghi Repeats Dovish Stance
(GAINSY Fundamental Analysis)

EUR/USD is struggling to remain above the key 1.30 level in Thursday trading. The pair has lost around two cents so far this week. The euro got no help from remarks by ECB President Mario Draghi on Wednesday that that the ECB’s monetary policy would remain loose...

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

http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: Stocks Rebound Continued, JPY Back Under Selling Pressure
(GAINSY Technical Analysis)

Asian markets opened broadly higher following another day of rebound in DOW. DOW rose for the third day to close above 15000 pts again at 15024 as the fear on Fed's tapering receded...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Buy at 1.3015
(GAINSY Ichimoku Analysis)

Although the single currency has retreated again after intra-day rise to 1.3076 and consolidation with mild downside bias is seen for weakness to the Kijun-Sen (now at 1.3038), then the lower Kumo (now at 1.3028), however, reckon yesterday's low ...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Buy at 127.55
(GAINSY Elliott Wave Analysis)

Despite falling to 126.57, the subsequent strong rebound suggests the minor (c) leg of wave b is unfolding and may bring another test of resistance at 129.89, break there would encourage for a stronger retracement of the fall from 133.82 to ...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Gold Hits $1'180, JPY Weakens
(GAINSY Fundamental Analysis)

The Japanese markets ended the week on positive sentiment as the industrial production increased 2% in May, the retail sales rose 1.5%, while construction orders surged 26%...

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

http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: JPY Mildly Lower after Positive Tankan, Manufacturing Data in Focus
(GAINSY Technical Analysis)

JPY opened the week mildly lower after release of the quarterly Tankan survey. The large manufacturer index turned positive to +4 in Q2 while large non-manufacturing index improved to +12. That compared to -8 and +6 in Q1, which were notable improvements...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD - Euro Moves Higher as Eurozone PMIs Point Higher
(GAINSY Fundamental Analysis)

EUR/USD has moved higher as we begin the new week, and the pair is trading in the mid-1.30 range in Monday's European session. The week has started off with a string of releases out of the Eurozone. Spanish, Italian and Eurozone PMIs all showed improvement...

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

http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: AUD Lower after RBA Left Rates Unchanged
(GAINSY Technical Analysis)

Aussie weakens mildly today after RBA left the cash rate unchanged at 2.75% as widely expected. The accompanying statement noted further decline in commodity prices and continued moderation of global inflationary outlook over recent months...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: USD/CHF - Sell at 0.9520
(GAINSY Ichimoku Analysis)

Although the greenback retreated after yesterday's brief rise to 0.9504 and consolidation would be seen, as long as indicated support at 0.9412 (Friday's low) holds, near term upside risk remains for another test of said resistance, above there would signal recent upmove from 0.9130 low...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: AUD/USD – Sell at 0.9390 or buy at 0.9030
(GAINSY Elliott Wave Analysis)

Although aussie rebounded after yesterday's initial brief fall to 0.9100 and consolidation above said resistance cannot be ruled out, above yesterday's high of 0.9253 would bring correction to 0.9300 and possibly to 0.9345, however, still reckon upside would be limited to 0.9400-10 and bring another decline later...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Euro Gained On Upbeat Euro-Zone Manufacturing PMI Data, Trading Tad Lower This Morning
(GAINSY Fundamental Analysis)

For the 24 hours to 23:00 GMT, EUR rose 0.47% against the USD and closed at 1.3069, after the Purchasing Managers' Index (PMI) in the Euro-zone rose to a 16-month high in June, while French, Spanish and Italian manufacturing PMI also came in better than market consensus in June...

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

http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: USD Soars as NFP Beat Expectation
(GAINSY Technical Analysis)

Dollar and US markets respond positive to upside surprise in US employment data. The closely watched non-farm payroll report showed 195k growth in June comparing to expectation of of 162k. The prior month's figure was also revised higher from 175k to 195k. Unemployment rate was unchanged at 7.6%...

Follow & Read GAINSY Forex Broker Online

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

Although the single currency has fallen sharply after the release of better-than-expected NFP data and weakness towards previous chart support at 1.2796 cannot be ruled out, near term oversold condition should prevent sharp fall below there and reckon 1.2750 would hold on first testing, risk from there has increased for a corrective rebound to take place later...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/GBP - Buy at 0.8560
(GAINSY Elliott Wave Analysis)

As the single currency has risen again after brief retreat yesterday, retaining our bullishness for gain to previous resistance at 0.8637, however, above there is needed to confirm an upside break of recent range and suggest the fall from 0.8815 has ...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png U.S. June Payroll Employment Rises More than Expected
(GAINSY Fundamental Analysis)

June 2013 payroll employment showed greater than expected strength by rising 195,000 in the month and compared to expectations of a 165,000 increase. The increase was unchanged from the May gain, which was revised upward from a previously estimated 175,000...

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

http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: USD Retreats as Greece and Portugal News Lifted Europeans
(GAINSY Technical Analysis)

European majors recover against dollar and sentiments stabilized on news from Greece and Portugal. European indices rallied today with DAX and CAC up more than 2% while FTSE was also mildly higher. Dollar's rally lost some steam with dollar index reversing initial gain to 84.59 and is back at 84.33 at the time of writing...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Two Charts that Gold Traders Shouldn't Miss
(GAINSY Fundamental Analysis)

Gold continues to trade close to its lowest level for 3 years, although it is in recovery mode today, attempts to get above $1,260 have been futile in the last few sessions. While $1,200 appears to be decent support for now, there is a nagging fundamental concern that continues to keep me nervous about the outlook for gold: inflation expectations in the US...

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

http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: Euro Lower on Italy Downgrade, ECB Asmussen
(GAINSY Technical Analysis)

Euro weakened overnight after S&P downgraded Italy's long term sovereign credit rating to BBB from BBB+, just two notches above junk level. The negative outlook suggested that there could be another downgrade this year or next...

Follow & Read GAINSY Forex Broker Online

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

Although the single currency has rebounded after falling sharply to 1.2755 yesterday and minor consolidation above this level is seen, upside should be limited to the Ichimoku cloud bottom (now at 1.2852) and reckon the upper Kumo (now at 1.2872) would hold from here, bring...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Sell at 129.30
(GAINSY Elliott Wave Analysis)

Despite yesterday's rebound to 130.55, the subsequent fall and current breach of previous support at 128.66 (last week's low) has revived our bearish view that top has been formed at 131.08 earlier and bearishness remains for the wave c to take place, bring further weakness to 127.45- ...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png WTI Oil: Are 2012 Highs On The Cards?
(GAINSY Fundamental Analysis)

Two interesting developments in the oil market occurred this week: 1, WTI (US oil) broke to a 14-month high, and 2, the spread between Brent and WTI fell to its lowest level since 2011...

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

http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: USD Stabilized from Post FOMC Minutes Selloff, Recovering Mildly
(GAINSY Technical Analysis)

Dollar stabilized from yesterday's post FOMC minutes selloff and recovered mildly today. Dollar index is back above 83 level after dropping to as low as 82.418 earlier today. Data from US saw initial jobless claims unexpected jumped to two month high of 360k in the week ended July 6...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Wrap-up: EUR/USD - Buy at 1.2985
(GAINSY Ichimoku Analysis)

As the single currency has retreated after yesterday's post-FOMC rally to 1.3208, suggestng further consolidation below this level would be seen and risk of a retracement of this week's rally cannot be ruled out, below 1.3006 would bring correction to 1.2982-85 (50% Fibonacci retracement ...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/GBP - Buy at 0.8580
(GAINSY Elliott Wave Analysis)

Although the single currency surged again to 0.8694 earlier today, as euro has retreated from there, suggestng consolidation below this level would be seen and pullback to 0.8600 cannot be ruled out, however, yesterday's low at 0.8575 should limit downside and bring another upmove...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png For Now USD Bulls Lick Their Wounds
(GAINSY Fundamental Analysis)

Just when you thought it was safe to get back into the water, along comes a particular wave that sideswipes you and takes you out of the game. The weaker of the dollar bulls were forcibly pushed out in the FX twilight zone - the most illiquid of time zones, the US/Australasia hand over last ...

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

http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: USD Higher after JPY after Mixed Data, Treads Water Elsewhere
(GAINSY Technical Analysis)

Dollar edges higher against the Japanese yen in early US session but is stuck in range against other major currencies. Economic data from US was mixed. Empire state manufacturing index rose more than expected to 9.5 in July. However, retail sales rose less than expected by 0.4% in June only...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Wrap-up: EUR/USD - Buy at 1.3020
(GAINSY Ichimoku Analysis)

Despite intra-day brief fall to 1.2993, as the single currency found renewed buying interest again just below 1.3000 level, suggesting an intra-day low is possibly formed and consolidation with mild upside bias is seen for test of 1.3090-95, however, a...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/GBP - Buy at 0.8580
(GAINSY Elliott Wave Analysis)

As the single currency has retreated after intra-day rebound to 0.8665, retaining our view that minor top is formed at 0.8694 an further consolidation below this last week's high would be seen and test of 0.8610-11 support is likely, break there would bring ...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png US June Retail Sales Rise Less than Expected
(GAINSY Fundamental Analysis)

Retail sales in June 2013 rose 0.4% in the month, which represented a slight slowing from the 0.5% gain in May, and that was revised downward slightly from a previously estimated gain of 0.6%. Expectations going into the report had been for a much stronger 0.8% gain in the month...

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

http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: BoE Minutes, BoC, Bernanke Featured Today
(GAINSY Technical Analysis)

Dollar recovers mildly today as markets are awaiting the highly anticipated semi-annual testimony of Fed chairman Bernanke. Bernanke will testify to House today and Senate tomorrow...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Buy at 1.3070
(GAINSY Ichimoku Analysis)

Although the single currency has retreated after rising to 1.3175 yesterday and consolidation below this level is in store, pullback should be limited to 1.3090-95 and the Ichimoku cloud (now at 1.3043-58) should hold, bring another rise later, above...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Sell at 131.05
(GAINSY Elliott Wave Analysis)

Although the single currency has risen again after brief pullback and near term upside risk remains for marginal gain from here, as outlook remains consolidative, still reckon upside would be limited to indicated strong resistance at 131.30-40 and bring...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Bernanke Gives Semi-Annual Testimony
(GAINSY Fundamental Analysis)

The currency markets are trading in the sidelines ahead of Bernanke's semi-annual testimony expected to trigger volatility later in the day. The currency markets are currently adjusting positions before hearing what Bernanke has to say. The speculative swings and high volatility are on the menu this afternoon...

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

http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: Sentiments Firm after Moody's Upgrade US Rating Forecast
(GAINSY Technical Analysis)

DOW and S&P 500 closed at new record high overnight as boosted by Fed chairman Bernanke's testimony and earnings. But the momentum doesn't follow through in Asia today where major indices are mildly lower. Moody's affirmed US's Aaa credit rating ...

Follow & Read GAINSY Forex Broker Online

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

Although the single currency has rebounded after holding above yesterday's low of 1.3066 and consolidation with mild upside bias is seen for test of intra-day resistance at 1.3151 but break of this week's high of 1.3179 is needed to signal an upside break of recent range of 1.2992-1.3208, ...

Follow & Read GAINSY Forex Broker Online

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

Euro's stronger-than-expected rebound from124.96 suggests near term upside risk remains for further gain to 132.10 and possibly towards 132.50, however, as broad outlook is still consolidative, reckon upside would be limited to 132.80-85 and price should falter well below recent high of 133.82, bring another retreat probably next week...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Canada's Consumer Price Inflation Rate Eose to 1.2% in June
(GAINSY Fundamental Analysis)

The unadjusted all-items Canadian CPI index held steady in June, resulting in the annual inflation rate breaking higher to 1.2% after running below 1.0% in five of the previous seven months. On a seasonally adjusted basis, consumer prices were up 0.3%...

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

http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: USD Stays Soft and Gold Broke 1300
(GAINSY Technical Analysis)

Dollar remains soft today and dips broadly against other major currencies. Weakness in the greenback also helps push gold through 1300 psychological level. In other markets, European indices are nearly flat at the time of writing while US futures point ...

Follow & Read GAINSY Forex Broker Online

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

Euro's intra-day breach of indicated recent high of 1.3208 confirms early upmove from 1.2755 low has resumed and may extend further gain to 1.3230-35, then previous resistance at 1.3255, however, near term overbought condition should prevent sharp move beyond 1.3275-80 and reckon 1.3300 would limit upside, bring retreat later...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/GBP - Buy at 0.8575
(GAINSY Elliott Wave Analysis)

As the single currency has continued to move lower after falling sharply from last week's high of 0.8712, suggesting near term downside risk remains for marginal weakness, however, as this move is viewed as retracement of recent upmove, downside ...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png US Existing Home Sales Slip Slightly in June, Prices Up Solidly
(GAINSY Fundamental Analysis)

An annualized 5.08 million existing homes were sold in the US in June 2013, which was down 1.2% from the revised 5.14 million annualized units sold in May (initially reported as 5.18 million)...

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

http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: Chinese Comments Lifted Sentiments, USD Stays Soft
(GAINSY Technical Analysis)

Asian markets are broadly higher today as comment from Chinese officials lifted sentiments. The Chinese premier Li Keqiang said that growth won't be slower than 7%. Meanwhile, Vice Premier Zhang Gaoli reiterated the commitment to support infrastructure and social welfare investment....

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Buy at 1.3145
(GAINSY Ichimoku Analysis)

Yesterday's breach of indicated recent high of 1.3208 confirms early upmove from 1.2755 low has resumed and may extend further gain to 1.3230-35, then previous resistance at 1.3255, however, near term overbought condition should prevent sharp move beyond 1.3275-80 and reckon 1.3300-10 would limit upside, risk from there is seen for a retreat to take place later...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Sell at 131.80
(GAINSY Elliott Wave Analysis)

Despite yesterday's rise to 132.47, as the single currency has retreated, suggesting a temporary top is possibly formed there and consolidation below there is seen with downside bias, below 130.65-70 would bring weakness to 130.27 support, break there would signal top is formed bring ...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png AUD Holds Its Breath, TRY Weakens
(GAINSY Fundamental Analysis)

Fx markets consolidate the weakness in USD after the US home sales dropped unexpectedly in June. Traders are still US-data sensitive, while the speculations lack clear direction this week. Released in the morning, the lower-than-expected loans for house purchases curbed the earlier GBP-rally in UK, while aussie traders adjust positions before Q2 inflation data to be released on Wednesday...

Follow & Read GAINSY Forex Broker Online


*Bonus: GAINSY Forex Broker Promo Video

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

http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: AUD Lower on CPI and China PMI
(GAINSY Technical Analysis)

Aussie edged higher earlier today but quickly reversed after Australia inflation and China manufacturing data. CPI unexpectedly slowed to 2.4% yoy in Q2 versus expectation of 2.5% yoy. The RBA trimmed mean slowed to 2.2% yoy, RBA weighted mean...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Buy at 1.3200
(GAINSY Ichimoku Analysis)

As the single currency has surged again in European morning after intra-day brief retreat, adding credence to our view that recent upmove from 1.2755 low is still in progress and may extend further gain to previous resistance at 1.3255, then 1.3275-80, however, near term overbought ...

Follow & Read GAINSY Forex Broker Online

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

Despite yesterday's retreat to 130.69, as the single currency found renewed buying interest and has risen again, dampening our bearishness and near term upside risk remains for further gain towards 132.90-00, however, as we are keeping our view that top has been formed at 133.82, upside should be limited to 133.40-50 and price should falter well below said recent high of 133.82 and bring another retreat later...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Euro Hits 1-Month High Vs. USD As PMI Data Knocks Out Forecasts
(GAINSY Fundamental Analysis)

Euro rose sharply against the dollar on Wednesday to hit a one-month high, buoyed by faster-than-expected expansion in the Purchasing Managers` indexes from the Eurozone, sparking hope that the currency bloc may be exiting recession...

Follow & Read GAINSY Forex Broker Online


*Bonus: GAINSY Forex Broker Promo Video

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

http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: NZD Lifted by Upbeat RBNZ, UK GDP Watched
(GAINSY Technical Analysis)

New Zealand dollar strengthens today after RBNZ left the OCR unchanged at 2.5%. The accompanying statement signaled that policymakers were more upbeat towards the economic outlook and the policy rate would likely remain unchanged towards the end...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Buy at 1.3170
(GAINSY Ichimoku Analysis)

Although euro has rebounded after yesterday's retreat from 1.3256 to 1.3177, above said resistance is needed to signal recent rise from 1.2755 low has resumed and extend gain to 1.3275-80, however, near term overbought condition should prevent sharp move beyond 1.3300-10 and...

Follow & Read GAINSY Forex Broker Online

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

Although the single currency has retreated after rising to 132.74 yesterday and consolidation below this level is in store with mild downside bias for test of 131.38-41 support, break of indicated support at 130.69 (this week's low) is needed to revive bearishness and signal top has been...

Follow & Read GAINSY Forex Broker Online

http://www.gainsy.com/templates/sj_w.../icons/usd.png Euro And GBP Sold-Off, USD Stronger
(GAINSY Fundamental Analysis)

The currency markets are subject to higher volatility and stronger USD this Thursday. While euro and sterling dropped to intra-day lows, large option expiries at 100.00/50 cap the upside in USDJPY. In New Zealand, the RBNZ sounded more hawkish than expected, sending AUDNZD to November 2008 lows...

Follow & Read GAINSY Forex Broker Online


*Bonus: GAINSY Forex Broker Promo Video

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