FXstreet.com: Technical

Gold Weekly Technical Outlook

contact@oilngold.com (Oil N' Gold) — Sat, 21 Nov 2009 08:20:03 GMT

Comex Gold (GC) Gold's uptrend continued last week and made another record high of 1153.4 then turned sideway. Initial bias remains neutral this week and some more consolidations cannot be ruled out. But still, short term outlook will remain bullish as long as 1125.8 support holds and further rise is in favor. Above 1153.4 will target 161.8% projection of 985.5 to 1072 from 1026.9 at 1166.9 next. Nevertheless, considering bearish divergence conditions in 4 hours MACD and RSI. Break of 1153.4

USDCHF is in range trading between 1.0032 and 1.0337

info@forexcycle.com (ForexCycle.com) — Sat, 21 Nov 2009 05:23:59 GMT

USDCHF is in range trading between 1.0032 and 1.0337. Moving sideways in the range is still possible next week. However, the price action from 1.0032 is more likely consolidation of downtrend from 1.1021 and deeper decline towards 0.9900 is still possible in a couple of week. Key resistance is located at 1.0337, above this level will indicate that the fall from 1.1021 has completed at 1.0032 level already, then the following uptrend could bring price back to 1.0800 area. For long term analysis,

S&P and NASDAQ Post Weekly Reversal Tops

info@forexhound.com (ForexHound.com) — Sat, 21 Nov 2009 00:05:25 GMT

Investors continued to dump higher risk assets today triggering weekly closing price reversal tops in the December E-mini S&P 500 and the December E-mini NASDAQ. A follow-through break to the downside in both of these markets next week will confirm the reversal top and lead to the start of a 2 to 3 week break. The trend may turn down on the daily chart, but the weekly charts still indicate that the main uptrend is still intact. A break though 1026.00 will turn the

Dollar Closes Higher for Week against a Basket of Currencies

info@forexhound.com (ForexHound.com) — Sat, 21 Nov 2009 00:02:41 GMT

After reaching a 15 month low early in the week, the U.S. Dollar closed higher for the week against a trade-weighted basket of currencies. Technically, this closing price reversal, once confirmed, often leads to a 2 to 3 week retracement. The daily chart suggests that a move through 77.50 is necessary to turn the main trend to up. The low for the week for the Dollar was posted shortly after Fed Chairman Bernanke mentioned his concern for the Dollar in a speech.

Dollar Rises as Investors Cut Exposure to Higher Yielding Assets

info@forexhound.com (ForexHound.com) — Fri, 20 Nov 2009 19:39:54 GMT

The U.S. Dollar is up sharply against most major currency as investors continue to cut exposure to higher risk and higher yielding assets. Some traders are calling this the start of a major bottom. Others feel that this is end-of-the-year liquidation and profit-taking after a prolonged move down. It is also possible that this is the start of a short-squeeze which could lead to a massive short-covering rally. Over the past few months traders have jumped onboard the “short Dollar” train because

Stock Indices in Position to Form Weekly Reversal Top

info@forexhound.com (ForexHound.com) — Fri, 20 Nov 2009 19:38:00 GMT

The stronger Dollar is pressuring equity and commodity prices today. Some traders believe this is the start of a change in trend in higher risk markets while other feel this is just early end-of-the-year liquidation. Comments from Fed Chairman Bernanke and European Central Bank President Trichet have put the Dollar on the radar which is making traders uncomfortable about holding aggressive short-positions. The three major stock indices are in a position to post weekly reversal tops. This could

USD gains as stocks remain weak

info@easy-forex.com (Easy Forex) — Fri, 20 Nov 2009 18:25:23 GMT

USD: Higher, investors are reducing risk exposure & deleveraging as equity markets trade lower JPY: Higher, Japan’s economy is back in deflation, BOJ upgrades its assessment of Japan's economy EUR: Lower, Trichet says too early to say if the crisis is over GBP: Lower, CBI warns on UK public debt, calls on the government to balance the budget by 2016 CAD and AUD: AUD & CAD lower, tracking weaker equity and commodity prices, Canada’s Q3 growth slows Overview The USD continued to rally

Comprehensive FX and Futures Daily Research

info@fastbrokers.com (FastBrokersFX) — Fri, 20 Nov 2009 17:06:27 GMT

Daily Market Commentary EUR/USD Pulls Back with U.S. Equities The EUR/USD briefly traded beneath 11/17 lows before stabilizing as we witness a broad based strengthening of the Dollar in reaction to a dip in the S&P futures below their psychological 1100 level. The wave of disconcerting data points from the past couple weeks appears to finally be taking its toll on investor confidence. U.S. and British housing and consumption data has been disappointing lately, indicating a slowdown in the

U.S. Update: More dollar corrections

analyst@fxstreet.com (FXstreet.com Independent Analyst Team) — Fri, 20 Nov 2009 16:16:27 GMT

What happened Asian stocks falling, plus Japan’s government officially declaring that the economy has fallen into deflation due to weak domestic demand, has kick started a dollar rally that extended to American session; adding to negative sentiment regarding high yielding currencies, was the approach of the year end, that push investors to adjust positions. Early economic data show that the Swiss recovery is not strong as it was believed: retail sales earlier this week were quite

The trend to lower interest rates continues

Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank) — Fri, 20 Nov 2009 15:53:40 GMT

Overview A week with many subtle changes in a series of different markets and instruments. Most notable was the continuing trend to lower interest rates, new record low yields set on benchmark 2-year Swedish Treasuries (0.555%), US 2-year interest rate swaps (just under 1.00%), and Brazil’s USD 2014 bond (3.595%). Many money market futures contracts rallied yet again to new record highs and the effect rippled out through to longer dated paper, Swiss 10-year Conf testing the psychological 2.00%

Dollar Strengthening as Equity and Commodity Markets Weaken

info@forexhound.com (ForexHound.com) — Fri, 20 Nov 2009 14:24:54 GMT

The stronger Dollar is putting pressure this morning on both equity and commodity markets as traders dump risky assets for the safe-haven Dollar. Equity markets were down in Asia and Europe. This weaker trend is expected to spillover to the U.S. stock markets. The December E-mini S&P 500 is in a position to post a weekly closing price reversal which could be a strong sign that sentiment will be shifting to the downside for the next 2 to 3 weeks.

Currency Majors Technical Perspective

analyst@fxstreet.com (FXstreet.com Independent Analyst Team) — Fri, 20 Nov 2009 14:24:46 GMT

EUR/USD Current price: 1.4843 Rebound on the expected 1.4800/10 support area, has sent the pair to retest the 1.4860 zone, as indicators reached over sold conditions in the hourly chart. However, if the pair doesn’t manage to regain that zone and on contrary print a fresh low, chances are for further downside movements as 4 hours charts remain as bigger time frames also support the bias. Now struggling around 200 EMA in 4 hours charts, we need a clear candle opening under this level to confirm

Weaker Global Equity Markets Drive U.S. Dollar Higher

info@forexhound.com (ForexHound.com) — Fri, 20 Nov 2009 14:23:24 GMT

Lower global equity markets are helping to push the U.S. Dollar higher as investors shun risky assets for a second consecutive day. Traders began getting nervous earlier in the week after Fed Chairman Bernanke mentioned the level of the Dollar in a speech. This was followed by supportive comments from European Central Bank President Trichet who used a speaking opportunity to announce his agreement with Bernanke and to try to talk up the Dollar.

Chart GBP/USD Update: Downtrend continues

analysis@fxmarketalerts.com (FXMarketAlerts) — Fri, 20 Nov 2009 14:05:49 GMT

Published at 13:53 (GMT) 20 Nov

USDCHF possible rebound from resistance at 1.0190 back to support at 1.0064

fxquestions@investija.com (Investija.com) — Fri, 20 Nov 2009 14:02:58 GMT

EURUSD It looks like a rebound is possible back to resistance. Neutral area stays for this pair. GBPUSD Despite this sharp movement downside, negative trend has not started yet. It looks like bulls have a chance still to recover. NZDUSD Neutral situation stays, low range movements are expected now. USDCHF Bulls did manage to breakout by resistance, but long positions should be done with a care. USDCAD Candles shoot above resistance, waiting action is better to take with possible buying

EURUSD hanging on to support by a thread so far

info@saxobank.com (Saxo Bank) — Fri, 20 Nov 2009 13:59:15 GMT

Little news shaking the markets, as much of recent activity seems to be about position adjustments. MAJOR HEADLINES – PREVIOUS SESSION New Zealand Oct. Credit Card Spending fell -0.4% YoY vs. -2.3% in Sep. Japan BoJ left target rate unchanged at 0.10% as expected Germany Oct. Producer Prices out at 0.0% MoM and -7.6% YoY vs. +0.1%/-7.5% expected, respectively THEMES TO WATCH – UPCOMING SESSION (All times GMT) New Zealand Oct. Visitor Arrivals (Sun 2145) Australia New Motor Vehicle Sales (Mon

Technical Market Commentary

admin@indiaforex.in (India Forex Advisors) — Fri, 20 Nov 2009 15:30:25 GMT

USDINR Chart GBPUSD Chart

AUD/USD: acceleration expected

analyst@fxstreet.com (FXstreet.com Independent Analyst Team) — Fri, 20 Nov 2009 13:29:54 GMT

Pair has break under the daily ascendant trend line around 0.9100, and by now, completed a pullback in 30 minutes charts and continues pushing lower. Despite a bit oversold in hourly charts, an acceleration under today’s low could trigger further falls more if gold breaks under the 1130 level, yesterday’s low. Watch for a rally to the 0.9020/30 area, if 0.9059 gives up, while if gold regains the 1140 zone, and AUD/USD accelerates above 0.9110, I expect further upside corrective movements to

Technical Major Currencies Midday Report

support@ecpulse.com (ecPulse.com) — Fri, 20 Nov 2009 13:26:26 GMT

EUR/USD The pivotal resistance at 1.4930 held against pair's attempts to ascend, thus pushing the pair to move downwards and breach the main support at 1.4875; setting a four-hour closing below it. These factors are causing a downside reversal, supported by the bearish technical pattern that was formed, where it neckline is at 1.4880. The next bearish target is around 1.4800. This possible bearish reversal requires the four-hour closing below 1.4880. The trading range for today is among the

Euro. Price Range Is Getting Narrow

info@forexltd.co.uk (Forex Ltd) — Fri, 20 Nov 2009 13:24:32 GMT

EUR The pre-planned buying positions from key supports have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked fall in both party activity does not give any grounds for the choice of planning priorities for today. Therefore, considering supposition of further rate range movement as earlier we can assume probability of another rate return to close 1,4860/80 supports, where it is recommended to evaluate the development of the activity of both

Still expect WTTI to hit USD90 within a three-month period

danskeresearch@danskebank.com (Danske Bank A/S) — Fri, 20 Nov 2009 13:11:41 GMT

Commodity news Commodities have risen overnight on the back of some dollar weakening; sentiment in equity markets has turned positive this morning. The longest-dated NYMEX WTI future (67. position) closed above USD100 on Wednesday for the first time this year but fell back yesterday to close at USD99. Although trading this far out on the curve (for delivery in December 2017) remains thin with open interest at just 700 compared with 325,000 for the first position, the symbolic value of futures

EUR/USD, USD/JPY Flows - Friday's trade

analysis@fxmarketalerts.com (FXMarketAlerts) — Fri, 20 Nov 2009 12:33:33 GMT

Published at 12:23 (GMT) 20 Nov The latest USD buying was so pointed that even USD/JPY went up! Here the latest background of the latest bout of risk aversion has been talk in the CEE markets of a Ukrainian default. But though the Ukraine is certainly in trouble, we don't think a default is anywhere close to being imminent, and suggest that it comes from an area quite expert in pushing out stories that might have some credibility, this time with the definite intent on cracking through the

Chart USD/CHF Update: Higher scope still expected

analysis@fxmarketalerts.com (FXMarketAlerts) — Fri, 20 Nov 2009 11:47:38 GMT

Published at 11:38 (GMT) 20 Nov

London Session

info@forex.com (FOREX.com) — Fri, 20 Nov 2009 11:41:28 GMT

EUR/USD has been under pressure in European hours; the USD finding support despite the modest upward push in European equity indices. Risk appetite has been unsettled by yesterday's news from Brazil that if would further tighten restrictions to stop short-term speculative inflows and by talk that other emerging countries would follow suit. The Turkish central bank this morning has dismissed talk that it is considering such a move. The better position of the USD in Europe has knocked gold, oil

GBPUSD: TrendlineBreak Highlights The 16514 level

m.isah@fxtechstrategy.com (FXTechstrategy) — Fri, 20 Nov 2009 11:43:08 GMT

HIGHLIGHTS: GBPUSD: TrendlineBreak Highlights The 16514 level - GBP ended a third-day of downside weakness on Thursday breaking below its short term trendline(clearly seen on the.... EURUSD: Upside Seen Above The 1.4736/1.4625 levels - Price hesitation continues to be seen with EUR holding firmly above its LT rising trendlineand its major emas… GBPUSD GBPUSD: TrendlineBreak Highlights The 16514 level. GBPUSD - GBP ended a third-day of downside weakness on Thursday breaking below its short term

Currency Pick of The Week

mail@yourforexdirectory.com (YourForexDirectory.com) — Fri, 20 Nov 2009 11:34:29 GMT

Choppy Waters Ahead for the Euro! 10:00 GMT The benchmark Euro pair is headed for a cascading waterfall in the coming week as its recovery attempt was cut short by a stiff 1.4935 resistance. The pair remained range-bound this week. It formed a Hanging Man candle pattern in yesterday’s trading session, which was confirmed obvious with a Bearish session in today’s trade. The trend line is already sloping downward with the pair making lower successive highs. Worse still are the 4-hourly charts as

USD Still Caught in Narrow Ranges

info@swissetrade.com (Swiss e Trade AG) — Fri, 20 Nov 2009 11:20:14 GMT

Despite flat U.S. economic data and falling stock markets worldwide yesterday, the USD dropped during U.S. trading. Such inconsistencies suggest the Christmas holiday season is near and we can expect erratic currency movements in low volume markets. Important long-term support zones in the dollar market vs. the majors are still being tested; with the previous oversold trading status mostly ironed out now. Technical signals call for the Greenback's continued downtrend. It is waiting time for the

Forex - China Dismissive Of Their Role In Yuan Valuation

support@ac-markets.com (ACM - Advanced Currency Markets) — Fri, 20 Nov 2009 11:20:11 GMT

Forex News and Events: The consolidation of the USD and moderation in risk appetite continues today as a barren data schedule provides little impetus for a break out in major currency pair ranges. Today’s docket is solely occupied with policy maker speeches, but even yesterday’s offerings from Geithner, Fisher and Trichet were muted in impact on FX markets. The most newsworthy element from Geithner’s address to the Joint Economic Committee yesterday was the palpable sense of frustration at a

Investors and economists don't expect an interest rate change by the Federal Reserve

info@varengold.de (Varengold Wertpapierhandelsbank AG) — Fri, 20 Nov 2009 10:38:38 GMT

Good morning from the most beautiful city and welcome to our FX Report. Today, we will give you a short review on weekly movements in the JPY, USD and AUD. We hope you had a great week and wish you a nice weekend. Market review The JPY has continued its gains and reached a level close to a six-week high against the USD after Asian stocks extended the biggest drop in global equities this month, which increased demand for the JPY as a safe haven. The Nikkei 225 stock average fell 1.1 percent,

AUD/USD, EUR/AUD Flows - Watching those bids

analysis@fxmarketalerts.com (FXMarketAlerts) — Fri, 20 Nov 2009 10:29:16 GMT

Published at 10:01 (GMT) 20 Nov Definitely in 'risk off' mode as we move towards the end of the week, and especially towards option expiry time. Perhaps unusually the reverse correlation between equities and the USD appears to have broken down for the time being, and instead the bigger influence is the big well advertised 1.48-1.51 DNT due to expire at 15:00gmt. At this stage it still looks safe, but it may get a downside test later, and as ever, the AUD is again acting as a 'fast

S&P 500 & Mini dow Jones

info@technicalanalysisreports.com (Charmer Charts.com) — Fri, 20 Nov 2009 10:26:49 GMT

S&P Dec Contract S&P finally broke lower yesterday but held onto 1086 and has traded back in a correctionary fashion overnight. There is good short term resistance at 1095 and would view to sell into this strength looking for a resumption of the downward move. Keep stops above 1096 initially. Intra day support located at 1090/88. You may see buyers enter the market at this time. However if the market fails to hold over 1086 look for this to come lower to good support located at

Gold hovers near its record levels

piet.lammens@kbc.be (KBC Bank) — Fri, 20 Nov 2009 10:03:26 GMT

Headlines Crude remains below 80 $/b Gold hovers near its record levels Averted strike in Chilean copper mine together with profit taking ease base metals

GBPUSD / AUDUSD / EURGBP / EURUSD

ian@turtlefutures.com (Turtle Futures) — Fri, 20 Nov 2009 11:04:35 GMT

‘They are not door numbers!’……….a quite well known phrase in the FX market. A view one morning may well not be the view 5 hrs later. It all depends on the price reaction. You need to be aware of what unfolds around you. That’s why I believe that any system that you only have to look at charts for 15 minutes a day is never going to work. If you have full time traders, who have to work hard at making money (14+hr days), how can expect to reap rewards from 15 minutes. Ok Happy Friday to you.

Some Selling... Should Be More...Nothing Terrible

info@advicetrade.com (SwingTradeOnline.com) — Fri, 20 Nov 2009 09:53:02 GMT

A lateral range is simply that, a lateral range. It frustrates. It's annoying. The bulls want things to break out and the bears want things to break down. The bulls have had the best of it for sure and we have come oh so close many times to making that breakout move. We were on the cusp once again and once again the bears came in at the very top of those wedges and took the market down, especially the technology stocks. Those are the stocks that are most overbought and to be blunt, most frothy

Eurodollar Future – March 2010

Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank) — Fri, 20 Nov 2009 09:31:21 GMT

Comment: Eurodollar futures have taken on board the new reality – that ultra-low interest rates are likely to be with us for a very long time – even front Dec rallying for six consecutive weeks despite trading perilously close to 100.00. Front Sep and red Dec still have plenty of room to move higher, and TNote yields should drop as investors are forced out along the yield curve. Caution is warranted as year-end pressures might emerge, or more likely just a dose of the jitters. Strategy:

Today's Trading Signals

info@ftanalysis.com (Financial Trend Analysis) — Fri, 20 Nov 2009 08:46:28 GMT

The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops. Every morning FTA reviews the market and the specific strategy, recalculates the risk/reward and then determines the strategy regardless of previous strategy in the

USDJPY has extended its concentration around support level at 88.81

fxquestions@investija.com (Investija.com) — Fri, 20 Nov 2009 08:32:17 GMT

EURUSD Flag formed between support and resistance, waiting action remains. GBPUSD Looks like bears are looking forward for a breakout at support level. NZDUSD Silent situation, however, after a breakout of support level – short term selling actions remain for this pair. USDCHF Neutral situation stays for this pair, resistance level and support levels are still active. Further jumping is possible. USDCAD Neutral situation is valid for this pair, however bulls have a chance to to extend their

The Dollar advances as global stocks fall and investors look for safety

support@finotec.com (Finotec Group Inc.) — Fri, 20 Nov 2009 11:54:31 GMT

The greenback climbed against the euro as stock markets fell, discouraging demand for higher yielding assets. “The market is very nervous, and there are not a lot of risk takers right now,” said Sebastien Galy, a strategist at BNP Paribas SA in New York. “There’s one big trade, the dollar short trade, and people are feeling increasingly nervous about it.” A short is a bet for a currency to fall. The Dollar Index, which tracks the greenback against the currencies of six major U.S. trading

Bank of Japan kept leading rates on hold at 0.1%

danskeresearch@danskebank.com (Danske Bank A/S) — Fri, 20 Nov 2009 08:00:19 GMT

Key news Uncertainty regarding the pricing in the US equity market drives US equity prices and bond yields lower. Yield on US T-bills was negative. The dollar has remained stable overnight against euro and yen. SEK and NOK were also stable against EUR after losing ground yesterday due to the weakness in the equity markets. Bank of Japan kept leading rates on hold at 0.1% after the Japanese government urged the BoJ to be committed to battle deflation. BoJ more positive on the Japanese economy.

FTSE

info@technicalanalysisreports.com (Charmer Charts.com) — Fri, 20 Nov 2009 07:49:07 GMT

FTSE Dec Contract FTSE slammed lower yesterday and once 5275 broke, sellers were on the back of this for the 61.8 retracement target of 5249, this held 5251. Now you have seen a small retracement from these lower levels, but the topside is looking limited from the daily charts, and any short term bounce is going to give better levels for sellers today. If on the open we can break through 5302 we are looking at this coming higher for 5324/31. Sellers will be waiting here, looking for this to