GAINSY Hottest Forecasts

http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: JPY Crosses Dived Further on Near Term Trend Reversal
(GAINSY Technical Analysis)

Yen rebounds further in early US session as equities open lower on mixed earning reports. Technically development in yen crosses suggest that the near term trend has reversed. USD/JPY is the relatively weaker one as it took out 98.18 near term support...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD - Rangebound After Sharp Gains
(GAINSY Fundamental Analysis)

EUR/USD has taken a break after posting strong gains on Thursday. The pair pushed up close to one cent, as key manufacturing and employment data out of the US faltered. On Friday, the pair has gone silent, and is trading around the 1.3270 line. Friday's calendar is light, with just three...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: JPY Firm in Quiet Markets
(GAINSY Technical Analysis)

Markets are relatively quiet ahead of the larger event risks later in the week. US indices opened mildly lower today but loss is so far limited. European indices are mixed at the time of writing. US yields are mildly higher today but we're not seeing any decisive movement...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png July Month-End Flow Model Indicates Largest Signal Since Oct. 2011
(GAINSY Fundamental Analysis)

Often you may hear about 'month end' flows having a positive or negative effect on a currency during the last few day(s) of the month. Thus, we've decided to take a look at asset market capitalizations in the major market economies to help us try to determine which direction these 'flows'...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: Euro Rises on Italian Auction, Confidence
(GAINSY Technical Analysis)

Euro strengthens today, in particular against Sterling on solid Italian bond auction and improvement in confidence indicators. Italy sold maximum target in EUR 6.75b of debts today. EUR 3.75b in 10 year BTP was sold with yield at 4.46%, down from 4.55% in...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD - Steady as German Consumer Confidence Shines
(GAINSY Fundamental Analysis)

EUR/USD continues to trade quietly, extending the trend which we've seen since last week. In Tuesday's European session the pair is trading in the high-1.32 range. Taking a look at economic releases, the Eurozone is back in action after a break on Monday...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: USD Mixed ahead of ADP, GDP and FOMC
(GAINSY Technical Analysis)

Dollar remains mixed as markets are awaiting for a big day in US. FOMC statement will catch most attention. There were expectation for Fed to provide better guidance on quantitative easing, at a time when investors are gauging the chance that Fed...

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

Despite intra-day rebound to 1.3301, as the single currency has retreated again after holding below yesterday's high of 1.3302, retaining our view that consolidation below this level would be seen and pullback to 1.3200 cannot be ruled out but a break of indicated support at 1.3166 is needed to confirm top has been formed at 1.3302 and bring correction of recent upmove to 1.3140-45 first...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Sell at 131.30
(GAINSY Elliott Wave Analysis)

Despite last week's rise to 132.74, the subsequent selloff has retained our view that top has been formed at 133.82 and consolidation with downside bias is seen for weakness to 128.90-00, however, break there is needed to add credence to this count and extend decline to 128.60-65 but only a drop below support at 128.00-02 would retain bearishness and bring further fall in wave c towards 127.00 and possibly test of 126.57...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png What to Watch for in Tonight's FOMC Statement
(GAINSY Fundamental Analysis)

There will be no press conference nor updated economic projections following tonight's FOMC statement, which we expect to include only limited new information. The minutes from the June FOMC meeting and Bernanke's comments at the press conference following the meeting suggested...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: USD Pared Gains After FOMC, ECB and BoE Watched
(GAINSY Technical Analysis)

Dollar pared some of yesterday's gain in Asian session today but remained generally firm. Yesterday's FOMC meeting turned out to be more dovish than expected with policymakers warned that modest growth, rising mortgage rates and persistently low inflation might affect recovery...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Update: EUR/USD - Sell at 1.3300
(GAINSY Ichimoku Analysis)

Despite intra-day brief fall to 1.3194, lack of follow through selling on break of yesterday's low of 1.3207 and current rebound suggest consolidation would be seen and recovery to the Kijun-Sen (now at 1.3270) cannot be ruled out, however, as top has been formed at 1.3345...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Sell at 131.95
(GAINSY Elliott Wave Analysis)

Despite yesterday's fall to 129.35, as the single currency found good support there and has staged a strong rebound, suggesting first leg of decline from 132.74 has ended there and consolidation with initial upside bias is seen but reckon 132.00 would limit upside and bring another...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Euro Slips After Rising On Upbeat German Employment Data, Fed Stance
(GAINSY Fundamental Analysis)

For the 24 hours to 23:00 GMT, EUR climbed 0.26% against the USD and closed at 1.3301, following a report that revealed that number of unemployed people in Germany fell by 7,000 in June, defying expectations for a 4,000 decline. Germany's unemployment rate remained unchanged at 6.8% in June, in line with expectations. Moreover, unemployment rate in Italy fell slightly in June from May...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: USD Firm ahead of Non-Farm Payroll
(GAINSY Technical Analysis)

Dollar remains firm as markets are waiting for another piece of important economic data from US today. The non-farm payroll report is expected to show 185k growth in July while unemployment rate is expected to drop to 7.5%...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Sell at 1.3280
(GAINSY Ichimoku Analysis)

Euro's selloff from this week's high of 1.3345 signals a temporary top has been formed there and consolidation with downside bias is seen for test of previous support at 1.3166, however, break there is needed to add credence to this view and bring correction of recent rise from 1.2755 to ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Sell at 132.25
(GAINSY Elliott Wave Analysis)

As the single currency has continued to move higher, suggesting near term upside risk remains for the rebound from 129.35 to extend gain to 132.25-30 (1.618 times projection of 129.35-130.79 measuring from 129.95), however, still reckon resistance at 132.74 would cap upside and ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Market Await US Payroll Reports
(GAINSY Fundamental Analysis)

Overnight the Forex markets were broadly range-bound as traders stayed on the sidelines ahead of tonight's all significant US non-farm payroll number. USD continues to perform well despite the slightly dovish FOMC statements as July manufacturing ISM jumped to 55.4 from 50.9 and ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: NZD Tumbles on Fonterra News, Services Data in Focus
(GAINSY Technical Analysis)

New Zealand dollar opens the week sharply lower as weighed now by news that the major dairy exporter, Fonterra, found a rare botulism bacteria in some of its products. The discovery triggered ban from China and Russia on imports from Fonterra...

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

As the single currency has staged a strong rebound after falling to 1.3188 on Friday due to the release of weaker-than-expected US NFP data, suggesting the fall from 1.3345 (last week's high) has ended there and near term upside risk remains for gain to 1.3305-10, having said that, as broad outlook is still consolidative, reckon said resistance at 1.3345 would hold from here, bring another decline later...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: AUD/USD – Sell at 0.9040
(GAINSY Elliott Wave Analysis)

Despite intra-day brief fall to 0.8848, as aussie has rebounded after finding support there, suggesting consolidation above this level would be seen and recovery to Friday's high of 0.8970 cannot be ruled out, reckon upside would be limited to 0.9040-50 and bring another decline later...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png GBP Rallies As UK PMI Sets A 7-Year High
(GAINSY Fundamental Analysis)

The pound rallied against its major counterparts Monday, after a report showed that UK services sector expanded at its quickest pace in seven years, while euro extended gains into a second day after Eurozone Purchasing managers’ index (PMI) on services expanded for the first time in 18 months in July...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: Euro and GBP Supported by Data, AUD Recovered
(GAINSY Technical Analysis)

Euro and Sterling are firm against dollar after release of solid factory data. German factory orders rose 3.8% mom in June. UK industrial production rose 0.3% mom, 1.2% yoy in June while manufacturing production rose 1.9% mom, 2.0% yoy. UK BRC sales monitor rose 2.2% yoy in ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Update: EUR/USD - Sell at 1.3330
(GAINSY Ichimoku Analysis)

As the single currency has rebounded after yesterday's retreat from 1.3301 to 1.3233, suggesting consolidation would be seen and marginal gain from here cannot be ruled out, however, 1.3320-30 should limit upside and price should falter below 1.3345 resistance, bring another decline, ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/GBP - Buy at 0.8585
(GAINSY Elliott Wave Analysis)

Although the single currency has rebounded after intra-day fall to 0.8619, as long as 0.8695-00 holds, near term downside risk remains for the fall from 0.8770 (tentatively wave i top) to bring another fall, below said support would bring weakness in wave ii to 0.8606 support, however, ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png USD/JPY, Yield Spreads and the BOJ Meeting Later this Week
(GAINSY Fundamental Analysis)

You may be wondering why USDJPY is still struggling even though the 10-year Treasury yield is only 9 basis points away from its highest level in 2 years. USDJPY is currently below the base if the daily cloud at 98.35, which is a bearish development and suggests that we could embark on a downtrend...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: GBP Soared after BoE Inflation Statement
(GAINSY Technical Analysis)

Much volatility was seen in Sterling on BoE's inflation report. The central bank made the largest change to the monetary policy framework since 2009 and linked the policy to unemployment rate, which was a surprise to the markets. BoE pledged to keep...

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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)

As the single currency has risen again after intra-day brief retreat to 1.3266, a retest of last week's high of 1.3345 is underway, however, break there is needed to signal early upmove from 1.2755 low has resumed and extend further gain to 1.3370-75, however, near term overbought condition should prevent sharp move beyond 1.3400-10, risk from there is seen for a retreat later...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Sell at 130.50
(GAINSY Elliott Wave Analysis)

Yesterday's selloff below previous support at 129.35 adds credence to our view that top has been formed at 132.74 and bearishness remains for furthe weakness towards indicated key support at 128.00-02, however, near term oversold condition should prevent sharp fall below there and ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png GBP/USD and the BOE's Forward Guidance-lite
(GAINSY Fundamental Analysis)

It was an Inflation Report of two halves for cable traders: at first the market sold the pound after the announcement that the BOE had adopted forward guidance and was not going to raise rates until the unemployment rate fell to 7%, however very soon the market faded the move as it digested the amount of escape clauses included in Carney's comments...

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

Yen stays firm after BoJ left policies unchanged at widely expected. Interest rate was held at near zero level while BoJ also maintained the pledge to expand the monetary base by JPY 60T to 70T a year. The increase in monetary base would be mostly...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Buy at 1.3300
(GAINSY Ichimoku Analysis)

As the single currency has risen again after brief pullback and upside bias remains for recent rise from 1.2755 low to extend further gain to 1.3406 (61.8% projection of 1.2992-1.3345 measuring from 1.3188) and possibly test of previous resistance at 1.3417, however, near term ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: AUD/USD – Sell at 0.9190 or buy at 0.8975
(GAINSY Elliott Wave Analysis)

Current strong rebound suggests a temporary low is possibly formed at 0.8848 earlier this week and consolidation with upside bias remains for retracement of recent decline to 0.9100-05, then 0.9140 (61.8% Fibonacci retracement of 0.9320-0.8848) but reckon 0.9190-00 would limit ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Euro Lower Ahead Of ECB Monthly Statement
(GAINSY Fundamental Analysis)

For the 24 hours to 23:00 GMT, EUR rose 0.24% against the USD and closed at 1.3340, after German industry output rebounded in June, surging at its fastest pace in nearly two years. Data revealed that German industrial production jumped 2.4% in June, surpassing market expectations for a 0.3% increase...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: AUD Rebound Continues on China Production Data
(GAINSY Technical Analysis)

Australian dollar extends this week's rebound after stronger than expected production data from China. Industrial production rose 9.7% yoy in July versus consensus of 8.8% yoy. Retail sales was slightly below expectation but rose a respectable 13.2% yoy...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Buy at 1.3330
(GAINSY Ichimoku Analysis)

Yesterday's rally to 1.3401 suggests recent upmove from 1.2755 is still in progress and may extend further gain to 1.3406 (61.8% projection of 1.2992-1.3345 measuring from 1.3188) and possibly test of previous resistance at 1.3417, however, near term overbought condition should...

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

As the single currency has rebounded after falling to 128.21 yesterday, suggesting consolidation above this level would be seen and corrective bounce to 130.00 cannot be ruled out, however, upside should be limited to 130.70-75 and bring another decline later. A break of said support ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Euro Advanced On German Data
(GAINSY Fundamental Analysis)

For the 24 hours to 23:00 GMT, EUR strengthened 0.30% against the USD and closed at 1.3379, as German trade and current account widened in June, added to signs that the Europe’s largest economy is picking up...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: JPY Crosses Recover after Initial Dip on Disappointing GDP
(GAINSY Technical Analysis)

Yen edged higher after much weaker than expected GDP report from Japan prompted selling in Nikkei. But the moves quickly lost steam as yen retreats which Nikkei recovers. Nikkei dropped to a six week low of 13430.6 in initial trading but is back in positive territory at the time of writing...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Buy at 1.3295
(GAINSY Ichimoku Analysis)

As the single currency has remained under pressure after retreating from last week's high of 1.3401, suggesting near term downside risk remains for retracement of recent upmove towards 1.3294 (50% Fibonacci retracement of 1.3188-1.3401), however, reckon 1.3266-69 (previous support...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Buy at 127.85
(GAINSY Elliott Wave Analysis)

Although the single currency has rebounded after falling to 127.97 earlier today, as long as resistance at 129.71 holds, near term downside risk remains for recent decline to extend further weakness to 127.70-80, however, loss of momentum would prevent sharp fall below 127.40-50 and...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Bundesbank Believes That Greece Will Need More Bailout Loans By 2014, Indicates A Report
(GAINSY Fundamental Analysis)

On Friday, EUR declined 0.29% against the USD and closed at 1.3340, as weak French industrial output data disappointed investors. Industrial production in France declined 1.4% (MoM) in June, against the expected 0.1% rise, while manufacturing production fell 0.4% (MoM) in June. However, budget deficit in France narrowed to €59.3 billion in June, from a deficit of €72.6 billion recorded in May...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Intraday Statement: USD Extends Rebound after Retail Sales
(GAINSY Technical Analysis)

Dollar's rebound resumes in early US session after release of a solid retail sales report. Headline sales rose for the fourth consecutive month by 0.2% in July. While that was slightly below expectation of 0.3%, it's offset by upward revision in June's - See more at: ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal Wrap-up: EUR/USD - Sell at 1.3300
(GAINSY Ichimoku Analysis)

Despite intra-day brief bounce to 1.3317, as the single currency met renewed selling interest there and has fallen below previous support at 1.3266, suggesting the decline from last week's high of 1.3401 is still in progress and may extend further weakness to last week's low of 1.3233, ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/GBP - Hold long entered at 0.8585
(GAINSY Elliott Wave Analysis)

Although the single currency has fallen again and near term downside risk remains for the fall from 0.8770 to extend marginal weakness, as this move is still viewed as wave ii correction, reckon downside would be limited to 0.8500 and support at 0.8482 should remain intact, price should stay well above 0.8450 and bring another rebound later this week...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Retail Sales Post Another Gain in July
(GAINSY Fundamental Analysis)

July retail sales rose 0.2 percent in July after an upwardly revised 0.6 percent gain in June, marking the fourth consecutive month of sales growth. Core retail sales showed more broad-based gains for the month...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: USD and Yield Rose on Fed Tapering Expectations
(GAINSY Technical Analysis)

Dollar strengthened overnight as markets are starting to build a consensus that Fed will taper the bond purchase in September. According to a Bloomberg survey, 65% of economists expected Fed to reduce the $85b per month bond buying. The expectation...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Sell at 1.3300
(GAINSY Ichimoku Analysis)

As the single currency has rebounded after falling to 1.3233, suggesting consolidation above this level would be seen and recovery towards the lower Kumo (now at 1.3303) cannot be ruled out, however, yesterday's high of 1.3317 would hold and bring another decline later, a break of said ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: AUD/USD – Hold short entered at 0.9190
(GAINSY Elliott Wave Analysis)

Aussie's retreat after rising to 0.9221 earlier this week has retained our near term bearishness for correction of the rise from 0.8848 (tentatively wave v bottom), below yesterday's low of 0.9073 would bring further weakness to 0.9040-50 but reckon 0.9000 would limit downside and price should stay above 0.8972, bring another leg of corrective upmove later this week...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Traders Await Key GDP Data From Germany And France
(GAINSY Fundamental Analysis)

For the 24 hours to 23:00 GMT, EUR declined 0.20% against the USD and closed at 1.3266. Earlier, the common currency rose as improvement in German and the Euro-zone’s economic sentiment data sparked a decent reaction among Euro traders...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: USD Dropped on Fed Bullard's Comments
(GAINSY Technical Analysis)

Dollar weakened overnight after St. Louis Fed Bullard warned that FOMC members "have tended to be too optimistic over the last several years," and "caution is warranted in taking policy action based on forecasts alone." He emphasized the need to see "if better macroeconomic growth ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Hold short entered at 1.3300
(GAINSY Ichimoku Analysis)

Despite intra-day initial rebound to 1.3311, as the single currency has retreated after faltering below indicated resistance at 1.3317, retaining our bearishness and consolidation with mild downside bias remains for another fall to strong support at 1.3233, however, break there is needed to ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: AUD/USD – Hold short entered at 0.9190
(GAINSY Elliott Wave Analysis)

Despite early retreat from 0.9221 to 0.9073, as aussie has staged a stronger-than-expected rebound, dampening our near term bearishness and retest of said resistance at 0.9221 cannot be ruled out, however, break there is needed to extend the rise from 0.8848 low for test of 0.9295-00, ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Euro Higher This Morning, After Trading Flat In The Previous Session
(GAINSY Fundamental Analysis)

For the 24 hours to 23:00 GMT, EUR traded flat against the USD and closed at 1.3265.

A return to growth in the Euro-zone was enough to buoy traders in the European session yesterday. The bloc’s gross domestic product (GDP) data revealed that the single-currency region exited a recession in the second quarter by expanding 0.3%, ahead of the 0.2% forecast...

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

EUR/USD recovers strongly overnight but is still staying inside range below 1.3400 and intraday bias remains neutral. Focus is still on 1.3182 support and break will confirm that rebound from 1.2744 has finished and will turn outlook bearish for a retest on this support. On the upside, however, decisive break of 1.3416 will have larger bullish implication and would target 1.3710 resistance next...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Buy at 1.3280
(GAINSY Ichimoku Analysis)

Despite yesterday's anticipated resumption of decline to 1.3206, the subsequent sharp rebound signals the fall from 1.3401 has ended there and consolidation with upside bias is seen for another rise towards said resistance at 1.3401, however, break there is needed to confirm early upmove...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Buy at 129.20
(GAINSY Elliott Wave Analysis)

As euro has staged a strong rebound this week after initial fall to 127.97, adding credence to our view that low has been formed there and consolidation with mild upside bias is seen for retracement of recent decline from 132.97 towards 131.00 and possibly towards 131.50-60, however, still reckon resistance at 131.97 would remain intact and bring another decline later this week...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Euro Ended Higher Amid Mixed US Economic News, Trading Lower This Morning
(GAINSY Fundamental Analysis)

For the 24 hours to 23:00 GMT, EUR rose 0.65% against the USD and closed at 1.3351, as uncertainty over the Federal Reserve’s decision of reducing its stimulus measures prevailed following a mixed bag of US economic data...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: Euro Rises as on Bundesbanks' Monthly Statement
(GAINSY Technical Analysis)

Euro strengthens today as Bundesbank discussed ECB's forward guidance in its monthly report. Bundesbank noted that ECB is "not tied" and if price pressures are "higher than currently assumed", an increase and interest rates "is not ruled out". Also, Bundesbank said Germany will return ...

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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)

Despite intra-day rebound to 1.3375, as the single currency has retreated after faltering below Friday's high of 1.3380, suggesting further consolidation is in store but reckon 1.3312-22 (Friday's low and current level of the upper Kumo) would limit downside and bring another rise...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/GBP - Buy at 0.8485
(GAINSY Elliott Wave Analysis)

Euro has traded narrowly and although near term downside risk remains for the decline from 0.8770 (wave i top) to extend one more fall, as this move is still viewed as the wave ii correction, reckon downside would be limited to support at 0.8482 and bring another rebound later. Above...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR's Tight Range To Be Tested By Bundesbank
(GAINSY Fundamental Analysis)

Let's hope that this is the beginning of a different week where liquidity is deeper and volatility is enough to draw more global market interest. So far, this month has seen very little European interest with the annual holiday season having more of an impact than in recent years. With little in ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: Yield Jumped on Fed Chairman Speculations, USD Steady
(GAINSY Technical Analysis)

US treasury yields jumped sharply overnight while stocks extended recent pull back on talk of the next Fed chairman. Dollar was steady though. There were speculations that former treasury secretary Larry Summers could become the next Fed chairman as Ben Bernanke steps down in ...

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

Despite yesterday's rebound to 1.3375, as the single currency has retreated again after faltering below Friday's high of 1.3380, retaining our view that further consolidation is in store but reckon 1.3312 (Friday's low) would limit downside and bring another rise. Above Friday's high of 1.3380...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Buy at 129.05
(GAINSY Elliott Wave Analysis)

Although euro has rebounded after falling to 129.28 (just missed our long entry at 129.20), as long as 130.50-60 holds, near term downside risk remains for the retreat from 131.05 (yesterday's high) to bring a stronger retracement of the rise from 127.97, however, downside should be ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: Euro Steady Above 1.33 Levels On Bundesbank Report
(GAINSY Fundamental Analysis)

For the 24 hours to 23:00 GMT, EUR edged up marginally against the USD and closed at 1.3334, on comments from the German central bank which suggested that the European Central Bank’s (ECB) low interest rate pledge last month was “not an unconditional commitment”, raising ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: USD Soft Against Euro as FOMC Minutes Awaited
(GAINSY Technical Analysis)

Dollar remains soft in Asian session as markets are awaiting FOMC minutes to provide some more clarify on whether Fed would taper the asset purchase program in September. EUR/USD took out a key near term resistance at 1.34 yesterday and stays firm above this level so far today...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: EUR/USD - Buy at 1.3370
(GAINSY Ichimoku Analysis)

As the single currency has retreated after rising to 1.3453 yesterday, suggesting minor top is formed and consolidation with mild downside bias is seen for retracement to 1.3370, however, reckon 1.3355-60 (38.2% Fibonacci retracement of 1.3206-1.3453) would hold and bring another rise ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: EUR/JPY - Buy at 129.05
(GAINSY Elliott Wave Analysis)

Although euro staged a strong rebound after falling to 129.28 yesterday, above resistance at 131.05 (Monday's high) is needed to confirm the retreat from 132.74 has ended and extend the rise from 127.97 to 131.50-60, having said that, as broad outlook remains consolidative, reckon...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png What FX Can Expect From July's FOMC minutes
(GAINSY Fundamental Analysis)

Investors will be focusing on any taper talk in the minutes from the July 30th/31st FOMC meeting released later this afternoon. The million-dollar question is will there be anything new on the topic? FOMC members have been indicating that the" usefulness of asset purchases (QE3) is ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Daily Statement: USD Rose as FOMC Minutes Affirmed September Tapering
(GAINSY Technical Analysis)

Dollar strengthened overnight while stocks declined as FOMC minutes revealed that policy makers leaned towards tapering in September. DOW dropped -105.44 pts, or -0.7% to close at 14897, below 15000 level for the first time a more than a month. 10 year yield spiked higher and pared ...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Ichimoku Signal: GBP/USD - Sell at 1.5650
(GAINSY Ichimoku Analysis)

Despite yesterday's brief rise to 1.5718, the subsequent sharp retreat adds credence to our view that top would be formed soon and consolidation with downside bias is seen for retracement of recent upmove to bring weakness to 1.5570 (50% Fibonacci retracement of 1.5423-1.5718) and possibly towards 1.5536 (61.8% Fibonacci retracement), however, only break of support at 1.5519 would retain bearishness...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png Elliott Wave Forecast: AUD/USD – Buy at 0.8900
(GAINSY Elliott Wave Analysis)

Although aussie has remained under pressure after retreating sharply from 0.9234 and near term downside risk remains for weakness towawrds 0.8900, as long as support at 0.8848 holds, further consolidation would be seen and another rebound to 0.9100 and possibly 0.9133 resistance would be seen but break there is needed to confirm the retreat from 0.9234 has ended and bring another corrective rise to this level later...

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http://www.gainsy.com/templates/sj_w.../icons/usd.png EUR/USD: US Dollar Rallies After Fed Minutes
(GAINSY Fundamental Analysis)

For the 24 hours to 23:00 GMT, EUR declined 0.60% against the USD and closed at 1.3341. The greenback edged higher after the highly anticipated minutes of Fed's July's meeting failed to signal a more concrete wind-down date for the Fed's $85-billion-per-month bond-buying ...

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