IGTFX technical analysis

[igtfx.research]

IGTFX IGTFX technical analysis , The EU leaders found a joint solution for Greece debt difficulties at a summit on Thursday evening finally. IGTFX IGTFX It remains to be seen if that would help to stabilize the EUR. IGTFX However, we wish you a successful trading day and have a nice weekend. IGTFX

IGTFX Market Review – IGTFX Fundamental Perspective

IGTFX Before the EU summit yesterday evening the EUR extended its losses versus the USD touching its lowest level at 1.3268. IGTFX Weeks of speculation and uncertainty how the euro-nations could help Greece for the case of illiquidity came yesterday evening to an end as the leaders of all 16-euronations endorsed a joint proposal of France and Germany for a mix of IMF and bilateral loans. IGTFX , Each country would provide non-subsidized loans to Greece based on its stake in the ECB, a statement said. IGTFX , Altogether Europe would provide more than half the loans and the International Monetary Fund brings the rest. IGTFX , Nevertheless the loans will only be paid if Greece has no more options at the market to refinance its debts. IGTFX , Every euro-nation needs to validate this fact and have a veto. IGTFX , After the summit the EUR rose versus 14 of its 16 most-traded counterparts as Jean-Claude Trichet, President of the ECB said that he was “happy” that the region found a solution. IGTFX , The EUR/JPY gained yesterday for the second day to 123.90 at the highest level while the EUR/GBP closed nearly unchanged at 0.8961. IGTFX , The JPY strengthened from a 10-month low against the USD on speculation that Japanese exporters took advantage of its largest weekly loss this year to purchase the currency before the fiscal year will ends next week. IGTFX , Japan’s consumer prices declined for the 12th month in February, the statistic bureau in Tokyo said today. Prices excluding fresh food slid 1.2 percent from a year earlier. The GBP/USD declined as U.K. IGTFX , Chancellor of the Exchequer Alistair Darling said that the revised down his growth forecast for 2011, in line with the Bank of England forecast. IGTFX ,
IGTFX , The NZD climbed versus the JPY as the national trade surplus widened in February after rising commodity prices and a seasonal increase in farm production stoked exports. IGTFX , The AUD/USD heading for the first weekly loss this month and traded near the lowest level since March 9th on concern the Greece rescue package may curb demand for the so called higher yielding assets. IGTFX ,

IGTFX , Daily Technical Analysis - IGTFX , Our Focus Currencies for Today


EUR/USD (1 Hour)

IGTFX , During the Europe session the currency pair fell near to its daily support level around 1.3243, as shown in the report yesterday, before the EUR/USD recovered in the late U.S. trading hours. IGTFX , From the point of recovery the short-term moving average reversed its movement and seems to cross its long-term counterpart shortly. IGTFX , This maybe boosts the bulls and could be the beginning of an attack to the bearish trend-line. IGTFX , The ADX may show that the bearish power is nearly zero. IGTFX ,

IGTFX , Intraday Support & Resistance (H1)Support Levels around Resistance Levels around
1.3310 1.3324
1.3295 1.3375
1.3271 1.3435

EUR/JPY (4 Hours)

IGTFX , The EUR/JPY has been moving in a zigzag movement. IGTFX , As you can see the currency pair fell this week near to the March opening until it rebounded again. IGTFX , But now it seems that the bulls failed to cross the resistance around 123.49 and a long roving Doji may suggest a trend-reversal. IGTFX , Also the Commodity Channel Index may indicate a bearish trend as it crossed its +100 line yesterday.

IGTFX , Intraday Support & Resistance (H4)Support Levels around Resistance Levels around IGTFX ,
122.80 123.49
122.18 123.96
121.54 124.53

 

[igtfx.research]

IGTFX technical analysis, Today, we are looking to report about the JPY, IGTFX , AUD, EUR and USD. We are also expecting a lot of economic data this week, IGTFX , which could be important indicators for the currency movements. IGTFX , Anyways, we hope you had a great weekend and wish you a nice start in the new trading week. IGTFX ,

IGTFX , Market Review – IGTFX , Fundamental Perspective
IGTFX , The JPY dropped versus most of its major counterparts as signs the global economic recovery is gathering momentum, IGTFX , which sparked demand for higher yielding assets. IGTFX , The USD climbed towards an 11-week high versus the JPY before reports this week, IGTFX , which are from economists expected may show that U.S. IGTFX , labor market is improving. IGTFX , According to a survey, the U.S. IGTFX , may have added 190,000 jobs in March, which would be the most since March 2007. IGTFX , The EUR/USD climbed with a gap and touched the resistance level at 1.3464 before pulling back to 1.3435. IGTFX , The JPY climbed against almost all the major currencies including the CHF after it reached a high at 87.45, IGTFX , which was the highest peak since the end of January. IGTFX ,

IGTFX , The AUD also gained after expectations that the Reserve Bank of Australia may lift its benchmark interest rate to rein inflation. IGTFX , Australia’s retail sales climbed 0.3% in February, after gaining 1.2 percent the previous month, according to a median forecast of economists. IGTFX , Australia’s central bank will hold its next policy meeting on April 6th. IGTFX , The AUD/JPY climbed towards its highest level since the middle of January after it boosted over 60 pips reaching a high at 84.27. IGTFX , The strong AUD also climbed against the USD after it crossed its resistance level around 0.9060 and left the bearish trend channel. IGTFX , The EUR/AUD fell back after it reached a high at 1.4948, the highest point since March 17th.IGTFX ,

IGTFX , The EUR strengthened for a fourth trading day against the JPY after concern about Greece’s financial situation abated and speculation that the 16-nation region’s economic recovery could get derailed were reduced. The EUR/JPY pulled back a bit after it gained to a high at 124.97, IGTFX , which is a resistance level from March 15th and February 22nd. It climbed for a second day against the GBP after it reached a high at 0.9039.

IGTFX , Daily Technical Analysis - IGTFX , Our Focus Currencies for Today


IGTFX , EUR/USD (1 Hour)

IGTFX , After falling along the bearish pitch and reach a low around 1.3266, the EUR/USD pulled up and started a bullish phase along an upward trend line. IGTFX , After it crossed the upper line of the downward pitchfork, the pair reached a new high near 1.3461 which is very close to its resistance level from March 22nd. IGTFX , If the market cross the resistance level around 1.3464, it may continue its bullish phase along the upward trend line. IGTFX ,
IGTFX , Intraday Support & Resistance IGTFX , (Daily)Support Levels around Resistance Levels around
1.3372 1.35
1.3325 1.3544
1.3266 1.3567

IGTFX , USD/JPY (1 Hour)

IGTFX , After unexpectedly rising to its highest peak since the beginning of the year, the USD/JPY pulled down a bit and is currently moving close to the support level around 92.30. As you can see, IGTFX , the Bollinger Bands are signalizing a direction change while they are moving close together. If the market breaks the support line around 92.30, IGTFX , the market may recover back from its abrupt increase. IGTFX ,

IGTFX , Intraday Support & Resistance IGTFX , (H1)Support Levels around IGTFX , Resistance Levels around
92.3 92.66
92.1 92.8
91.74 92.93

 

[igtfx.research]

IGTFX technical analysis, South pacific markets will be on the main focus in our report today. IGTFX , The higher-yielding NZD and AUD performed huge monthly profits against lower-yielding pairs like the USD and the JPY. IGTFX ,

IGTFX , Nevertheless, IGTFX , we wish you a nice and successful trading day!


IGTFX , Market Review – IGTFX , Fundamental Perspective

IGTFX , The NZD gained to its highest level since the middle of January at 65.93 IGTFX , against the JPY before a government report showed that the nations’ home-building approvals gained in February for the first time in three months. Permits to build homes in IGTFX , New Zealand increased 5.9 percent in February, IGTFX , which pushed speculations that residential construction will help accelerate the nations’ economic growth this year and spurs the central bank to raise its benchmark interest rate. IGTFX , The AUD gained over its resistance level from the end of February before reports tomorrow, IGTFX , are expected to show that retail sales gained 0.3 percent in February and building approvals rose 2.1 percent, IGTFX , according to surveys of economists. IGTFX , IGTFX , A lot of statistics and surveys give also a sign IGTFX , that the Reserve Bank of Australia will increase its target rate on the coming policy meeting on April 6th.IGTFX ,

IGTFX , The NZD has gained for a fourth day versus the USD, IGTFX , trading around 0.7100 while it fell for a second day against the strong EUR, coming back from a high at 1.9018. IGTFX , The NZD gained 1.6 percent versus the USD this month while the AUD/USD climbed 2.4 percent. Against the JPY, IGTFX , the NZD and the AUD added a 5.3 percent and a 6.1 percent monthly-gain. IGTFX , Benchmark interest rates are 4 percent in Australia and 2.5 percent in New Zealand, IGTFX , compared with 0.1 percent in Japan and as low as zero in the U.S., IGTFX , spurring demand to the South Pacific nation’s higheryielding assets.IGTFX ,

IGTFX , The JPY extended its gains from its almost three-month low versus the USD after Japan’s industrial production fell in February IGTFX , and the unemployment rate held at the lowest level since March 2009. IGTFX , The Jobless rate stayed at 4.9 percent after two monthly declines. IGTFX , Separate government reports today showed a 0.5 percent drop in February house spending, IGTFX , which was the first decline in seven months. IGTFX , The USD/JPY fell to a low near 92.12 after it reached a daily high around 92.95 last Thursday.IGTFX ,

IGTFX , Daily Technical Analysis - IGTFX , Our Focus Currencies for Today

NZD/JPY (1 Hour)

IGTFX , Since March 24th the NZD/JPY has been moving above a bullish Fibonacci fan. IGTFX , After recovering below the resistance level around 65.65, the pair reached the upper level of the fan for the second time. IGTFX , As you can see, IGTFX , the MACD may still signalize a bearish recovery. IGTFX , If the pair enters the Fibonacci fan, we might see further falls towards the support levels around 65.11 and 64.85. IGTFX ,

IGTFX , Intraday Support & Resistance (1 Hour) Support Levels around Resistance Levels around . IGTFX ,
65.11 65.65
64.85 65.75
64.5 65.95

EUR/JPY (Daily)

IGTFX , Since the beginning of the year, the EUR/JPY has been falling along a downward Fibonacci fan. IGTFX , As we can see, IGTFX , the market reached the horizontal resistance around 125.00 for the third time after it entered back the upper area of the fan last week. IGTFX , If the market doesn’t break the resistance line around 125.00 but break the Fibonacci fan, IGTFX , it might continue it’s sideways movement below the resistance point. IGTFX , If the pair not even breaks the fan, we might see further bearish movements. IGTFX ,



Intraday Support & Resistance (Daily) Support Levels around Resistance Levels around
121.9 125
121 126.35
120.1 127.25

open demo account

 

[igtfx.research]

IGTFX technical analysis Market Review – igtfx , Fundamental Perspective

igtfx , The GBP gained for a third day versus the USD after reports showed the U.K. igtfx , gross domestic product increased more than expected in the fourth quarter while house-prices grew as well. igtfx , The GBP performed its biggest gain since October versus the EUR as the Office for the National Statistics published that the U.K. igtfx , economy grew 0.4 percent in the last three months of 2009, compared with a previous estimate of 0.3 percent. igtfx , The GBP gained versus the JPY as well after it showed its sixth daily gain and reached its highest point since February 23rd. igtfx , The Nationwide Building Society said the average cost of a home rose 0.7 percent from February igtfx , and 9 percent from the last year. igtfx , The GBP/JPY climbed to a high near 140.63 while the EUR/GBP has fallen to a low around 0.8878. igtfx ,

igtfx , The AUD has fallen against the igtfx , USD and the igtfx , igtfx , NZD after retail sales and home-building approvals unexpectedly fell in February, igtfx , which decreased pressure on the central bank to raise the benchmark interest rate next week. igtfx , Australian retail sales fell 1.4 percent in igtfx , February while the median forecast of 19 economists expected a 0.3 percent increase. igtfx , The nations’ building approvals in February fell 3.3 percent while economists expected a 2.1 percent increase. igtfx , Anyway, igtfx , the AUD/USD fell back from its one-week high and reached a low near 0.9140 while the AUD/NZD fell over 50 pips, igtfx , touching a low by 1.2879. igtfx ,

igtfx , The JPY fell to its lowest level since January 12th against the EUR as signs of a global recovery pushed demand for Japan’s currency as a refuge. igtfx , The JPY fell against all 16 of the major currencies before an industry report today, is expected to show that U.S. companies added jobs for the first time since January 2008. igtfx , The EUR/USD fell for a second day touching a low near 1.3392 while the EUR/JPY extended its gains to its high from yesterday around 125.45. igtfx ,

igtfx , Daily Technical Analysis - igtfx , Our Focus Currencies for Today


AUD/CAD (Daily)

igtfx , Since the beginning of November, igtfx , the AUD/CAD has been falling along a bearish trend line and a support level around 0.9240. igtfx , As we can see, igtfx , the market pulled back after it tested the price above the long-term bearish trend line. igtfx , Furthermore the Commodity Cannel Index may signalize an overbought market. igtfx , This might be a sign for a continuing bearish trend towards the support around 0.9240. igtfx ,
igtfx , Intraday Support & Resistance igtfx , (Daily)Support Levels around Resistance Levels around igtfx ,
igtfx , 0.924 igtfx , 0.9385
igtfx , 0.9194 igtfx , 0.942
igtfx , N/A igtfx , 0.945

GBP/USD (4 Hour)

igtfx , After breaking the downward trend line on March 26th, igtfx , the GBP/USD gained until it reached the horizontal resistance level around 1.5115. igtfx , Williams’ Percent Range is still moving above the -20 level. The Indicator already reached a high around the -6.04 level, igtfx , which is the resistance from the middle of March and February. igtfx , Nevertheless, igtfx , a break though the level around -20 could be a short signal. igtfx ,
igtfx , Intraday Support & Resistance igtfx , (4 Hour)Support Levels around Resistance Levels around igtfx ,
igtfx , 1.4995 igtfx , 1.5115
igtfx , 1.4925 igtfx , 1.52
igtfx , 1.487 igtfx , 1.536

 

[igtfx.research]

IGTFX , Market Review – IGTFX , Fundamental Perspective

IGTFX , The AUD gained and reached almost its strongest level since January against the JPY on speculation that investors bought higher-yielding assets on increasing signs of a global economic recovery. IGTFX , The NZD gained the fifth day versus the USD after the International Monetary Fund commentated that New Zealand’s currency overvalued and it may pull down. “Our estimates suggest the currency is presently overvalued by 10 percent to 25 percent,” the IMF said in its statement. IGTFX , “Part of the overvaluation may be temporary and the exchange rate may depreciate as IGTFX , the interest-rate IGTFX , differential narrows with eventual tightening by the U.S. Federal Reserve.” IGTFX , Benchmark interest rate is 2.5 percent in New Zealand while Japan’s rate stays at 0.1 percent and U.S.’ interest rate is near zero. IGTFX , The NZD/JPY fell back after it reached the resistance level around 66.30. IGTFX , It reached a day-low at 65.75 while the AUD/JPY came back after it extended gains towards its highest point around 86.20. IGTFX ,

IGTFX , The USD/JPY climbed to its highest level since the beginning of the year before a report today is expected to show that U.S. IGTFX , employers added jobs the most since three years. The USD/JPY reached a high near 93.62, IGTFX , which is the highest level since January 7th. Today, the USD gained also against the NZD after it dropped yesterday for the fifth time. IGTFX , The pair reached a low around 0.7042 after it opened at 0.7042.IGTFX ,

IGTFX , The CAD climbed to its highest level in almost two weeks against the USD after an economic report showed that the nation grew at the fastest pace in three years in January. IGTFX , The gross domestic product increased 0.6 percent from December, IGTFX , which was the fifth straight rise and the biggest since December 2006, Statistics Canada published in Ottawa. IGTFX , The USD/CAD fell for a fourth day after it touched a day-low near 1.0136. TIGTFX , he CAD/JPY reached a record high around 92.32, IGTFX , which was its highest peak since October 2008. The CAD/CHF pulled up from its support around 1.0330 and reached a high by 1.0396.IGTFX ,

IGTFX , Daily Technical Analysis - IGTFX , Our Focus Currencies for Today

NZD/JPY (Daily)

IGTFX , Since February 25th, the NZD/JPY has been moving in a bullish trend channel. IGTFX , After touching the lower line of the channel, it pulled up and reached its resistance level around 66.30. As we can see, IGTFX , the CCI indicator reached its resistance level near 160, which could be a signal for an overvalued NZD.IGTFX ,

IGTFX , Intraday Support & Resistance IGTFX , (Daily)Support Levels around Resistance Levels around. IGTFX ,
IGTFX , 64.85 IGTFX , 66.3
IGTFX , 62.9 IGTFX , 66.85
IGTFX , 60.95 IGTFX , 68.

USD/JPY (Daily)

After breIGTFX , aking the resistance level around 92.20, the USD/JPY extended its IGTFX , upward trend and reached finally the level around 93.40, which is the highest since January. In the meantime, IGTFX , the RSI stayed right below the resistance level at 70, which may indicate an overbought market. IGTFX , If the market doesn’t break the resistance level around 93.40, IGTFX , we might see a pull-back towards the next support level which could be around 92.20.IGTFX ,



IGTFX , Intraday Support & Resistance IGTFX , (Daily)Support Levels around Resistance Levels around.IGTFX ,
IGTFX , 92.2 IGTFX , 93.4
IGTFX , 91.2 IGTFX , 95.45
IGTFX , 88.45 IGTFX , N/A

 

[igtfx.research]

IGTFX technical analysis, Yesterday, the Australian central bank increased its benchmark interest rate to 4.25%. IGTFX, We are going to report about the IGTFX, AUD and the price influence of the decision. IGTFX, Furthermore we will report about the EUR, IGTFX, USD and the NZD. IGTFX, As Always, IGTFX, we wish you much success in trading today. IGTFX,
IGTFX, Market Review – IGTFX, Fundamental Perspective
IGTFX, The Australian central bank increased its benchmark interest rate to 4.25%. IGTFX, The AUD traded near its highest level against the EUR and the USD. IGTFX, The USD dropped to 0.9275 and the EUR traded near 1.4441 after it reached 1.4410, IGTFX, the weakest level since the launch of the EUR/AUD cross rate. IGTFX, The Reserve Bank Governor Glenn Stevens raised the benchmark to 4.25% and said that the rates need to be closer to average amid an expanding domestic economy. IGTFX, The world’s best performing major currency from the past year will also strengthen further as commodity prices rise. IGTFX, The losses of the NZD versus the IGTFX, AUD were limited after Auckland based Fonterra Cooperative Group Ltd., the world`s largest dairy exporter, said that milk powder prices jumped to the highest level in 21 months. IGTFX, The AUD rose to 1.3153 against the NZD. New Zealand’s benchmark interest rate is 2.5%, IGTFX, compared with 0.1% in Japan and as low as zero in the U.S., IGTFX, many investors find the South Pacific nations very attractive for their investments. IGTFX,

IGTFX, The USD rose the most in almost two weeks versus the EUR as IGTFX, Greece tried to end speculation it may be having doubts about a plan that provides the European Union and International Monetary Fund to support in refinancing its debt. The EUR fell 0.6% and traded around 1.3399. IGTFX, Furthermore the EUR fell versus most of its 16 major counterparts after a report that Greece wants to bypass IGTFX, IMF involvement if it needs assistance because the conditions would be too stringent. IGTFX, The nations finance minister denied it. IGTFX, The JPY strengthened 1.2% against the EUR and reached 125.67. IGTFX,
IGTFX, The EUR weakened 5.7% against the JPY this year and 6.5% versus the USD on concern that Greece will struggle with its financial shortfall. IGTFX, The deficit last year was 12.7%. More than four times higher as the European Union limit. IGTFX,
IGTFX, Daily Technical Analysis - IGTFX, Our Focus Currencies for Today

AUD/USD (1 Hour)

IGTFX, Since the end of March, the AUD has been trading in a bullish trend channel against the USD. IGTFX, Yesterday, IGTFX, the currency pair touched the upper line of the channel simultaneously with its resistance near IGTFX, 0.9282 and the prices rebounded. IGTFX, Also the Stochastic indicator may support a bearish trend with a breakthrough of the signal line from the top, f IGTFX, or the next days. IGTFX, Next support could be around 0.9250. IGTFX,
IGTFX, Intraday Support & Resistance (H1) Support Levels around IGTFX, Resistance Levels around IGTFX,
IGTFX, 0.925 IGTFX, 0.9282
IGTFX, 0.9215 IGTFX, N/A
IGTFX, 0.918 IGTFX, N/A

EUR/AUD (1 Hour)

IGTFX, With the end of March, the currency pair traded in a bearish movement. IGTFX, Recently, IGTFX, the EUR touched its weakest level since the launch of the EUR/AUD cross rate. IGTFX, At the moment it looks like there wouldn’t be further supports for the EUR. IGTFX, Furthermore the Force indicator could support a continuing downtrend if it may not break the signal line. IGTFX,
IGTFX, Intraday Support & Resistance (H1) IGTFX, Support Levels around Resistance Levels around IGTFX,
IGTFX, N/A IGTFX, 1.4517
IGTFX, N/A IGTFX, 1.4684
IGTFX, N/A IGTFX, 1.4758

 

[igtfx.research]

IGTFX technical analysis, IGTFX, The GBP dropped versus 11 of its 16 most traded counterparts and the AUD could continue its bullish trend versus the most counterparts. IGTFX, Furthermore we are going to report about some economic data from the European Zone. IGTFX,
IGTFX, Market Review – IGTFX, Fundamental Perspective
IGTFX, A report in the U.K. showed yesterday, IGTFX, that the growth for IGTFX, U.K service companies is weaker than expected. IGTFX, This increases speculation that the economic recovery runs slower than in other European countries. IGTFX, The GBP fell against the USD 0.4% and traded near 1.5211. IGTFX, Furthermore the GBP snapped a seven day gain versus the EUR and dropped to 0.8755. IGTFX, Also the other major counterparts could climb against the GBP. IGTFX, There are a lot of economic data which let the GBP shrank. IGTFX, The service gauge slipped to 56.5 in March from 58.4 in February. IGTFX, A separate survey showed that the Bank of England may keep its main interest rate at a record low of 0.5% tomorrow. IGTFX, The next increase might happen in November or December this year and then up to 0.75%. IGTFX, The confidence about sales at manufacturers dropped in the first quarter. IGTFX,

IGTFX, The AUD could continue its upward trend today and traded at almost its highest level in more than 18 months versus the JPY after the Bank of Japan kept its benchmark rate near zero. IGTFX, The JPY dropped 0.5% and reached 87.52, IGTFX, the highest level for the AUD since September 2008. IGTFX, Furthermore the EUR and the USD couldn’t increase versus the AUD and traded at the same level as yesterday. IGTFX,

IGTFX, The NZD traded unchanged against the USD and the JPY. IGTFX, The NZD reached 0.7076 versus the USD and 66.22 against the JPY. IGTFX,

IGTFX, In Europe, the economy unexpectedly stagnated in the fourth quarter of the last year as the companies cut spending more than expected. The European Union`s statistics office announced yesterday, IGTFX, that the gross domestic product in the 16-nation euro region remained unchanged compared with the third quarter, IGTFX, when it rose 0.4%. IGTFX, Corporate investments dropped 1.3% instead of the expected 0.8%. IGTFX,



IGTFX, Daily Technical Analysis - IGTFX, Our Focus Currencies for Today
EUR/GBP (1 Hour)

IGTFX, As you can see, the EUR is trading in a bearish trend channel versus the GBP. Currently, IGTFX, the currency pair broke its support level around 0.8766 and it looks like there wouldn’t be further supports. IGTFX, Only an increasing Momentum may indicate a pull back for the EUR. IGTFX,

IGTFX, Intraday Support & IGTFX, Resistance (H1) IGTFX, Support Levels around Resistance Levels around
IGTFX, N/A IGTFX, 0.8808
IGTFX, N/A IGTFX, 0.885
IGTFX, N/A IGTFX, 0.889


GBP/USD (1 Hour)

IGTFX, Since the last two weeks, IGTFX, the currency pair has been trading in a bullish movement. IGTFX, Two days ago, IGTFX, the GBP touched its upper Fibonacci retracement and the prices rebounded. IGTFX, Now it could be that the prices will fall to its important Fibonacci line near 1.5134 (61.8%) again. IGTFX, A crossing Stochastic Indicator through the signal line from the bottom may indicate a trend reversal. IGTFX,

IGTFX, Support & Resistance IGTFX, (H1)Support Levels around Resistance Levels around. IGTFX,
IGTFX, 1.5135 IGTFX, 1.5276
IGTFX, 1.5079 IGTFX, 1.5317
IGTFX, 1.4986 IGTFX, N/A

 

[igtfx.research]

IGTFX technical analysis, After the first two days of the week were driven by the news related to the rescue package for Greece today some important economic data releases moving into the market focus. IGTFX, The U.S. reports will show the latest consumer confidence and retail sales which may allow a conclusion to the rate decision of the Federal Reserve next week. . IGTFX, However, . IGTFX, we wish you a successful trading day.. IGTFX,
. IGTFX, Market Review – . IGTFX, Fundamental Perspective

. IGTFX, The JPY declined against a basket of major currencies on concern a report may show that the U.S. retail sales rose the most in four months. . IGTFX, The JPY fell versus the USD from the strongest level in two weeks and the EUR/JPY climbed to 127.45 at its highest level as signs the global economy recovering boosted demand for higher-yielding assets. . IGTFX, The GBP increased versus the EUR as a report showed that the . IGTFX, U.K. exports surged in February and house values strengthened. . IGTFX, Exports rose about 9.5 percent and helped to cut the trade deficit to 6.2bln pounds, . IGTFX, the least since June 2006. . IGTFX, The GBP also rose against the USD and climbed near to the strongest level since February. In contrast the U.S. . IGTFX, trade deficit widened,. IGTFX, the gap increased 7.4 percent to $39.7bln from a revised $37bln deficit in January, . IGTFX, the Commerce Department said on Tuesday in Washington. . IGTFX, The Federal Reserve Bank of Richmond President Jeffrey Lacker said that the U.S. . IGTFX, economy will probably expand at a moderate pace for the rest of this year as spending by consumers and businesses picks up.. IGTFX,

. IGTFX, The NZD/USD declined after a report showed that New Zealand’s retail sales unexpectedly fell in February, . IGTFX, as rising unemployment and a slowing housing market curbed consumer confidence. The retail sales fell 0.6 percent from January, . IGTFX, the Statistics from New Zealand showed today. . IGTFX, Australia’s consumer confidence fell 1 percent this month to 116.1 points, . IGTFX, a report showed today. . IGTFX, The AUD/USD extended its gains from yesterday during the early Asia trading session, . IGTFX, touching the 0.9326 level at its high.. IGTFX,

. IGTFX, Notwithstanding the CAD increased against the USD near to parity it failed to climb sustainable . IGTFX, above this level as declining crude oil prices . IGTFX, damped the demand for commodity-linked currencies.. IGTFX,
. IGTFX, Daily Technical Analysis - . IGTFX, Our Focus Currencies for Today
EUR/JPY (4 Hours)

. IGTFX, After the EUR/JPY fell during the early trading hours yesterday near to its support around . IGTFX, 125.93 it recovered and started apparently another attempt to cross its resistance around the 127.28 level. . IGTFX, The short-term moving . IGTFX, average crossed its long-term counterpart and in considering of the rising positive DMI indicator it may suggest further bullish movements and if the currency pair could cross its resistance it may pave the way to the 127.89 level.. IGTFX,

I. IGTFX, ntraday Support & Resistance . IGTFX, (H4)Support Levels around Resistance Levels around. IGTFX,
. IGTFX, 125.93 . IGTFX, 126.53. IGTFX,
. IGTFX, 125.35 . IGTFX, 127.28. IGTFX,
. IGTFX, 124.26 . IGTFX, 127.89. IGTFX,

USD/JPY (4 Hours)

. IGTFX, After the currency pair lost the support of its . IGTFX, mid-term bullish trend-line at the beginning of April it began trading in a bearish trend-channel and fell near to its support level around 92.76. . IGTFX, At this level the bulls entered the market again and pushed the . IGTFX, USD close to the upper trend-line at last. . IGTFX, It remains to be seen if this resistance could be crossed sustainable. . IGTFX, The Momentum crossed its 100.00 level and may give some bullish impulses.. IGTFX,

. IGTFX, Intraday Support & Resistance . IGTFX, (H4)Support Levels around Resistance Levels around. IGTFX,
. IGTFX, 92.76 . IGTFX, 93.41. IGTFX,
. IGTFX, 92.51 . IGTFX, 93.61. IGTFX,
. IGTFX, 92.27 . IGTFX, 93.78. IGTFX,

 

[igtfx.research]

IGTFX technical analysis, This weekend we finally experienced a nice weather in Hamburg with temperatures above 20 degrees Celsius. IGTFX, We wish you a nice start in the new trading week. IGTFX,
IGTFX, Market Review – IGTFX, Fundamental Perspective

IGTFX, On Friday, IGTFX, the JPY climbed for the second day versus the USD on speculation that investors are buying the Japanese currency as a refuge on concern about the situation of Goldman Sachs Group Inc. IGTFX, and speculation that Greece’s aid package may falter. IGTFX, Today, IGTFX, JPY climbed versus 15 of its 16 major currency crosses while the MSCI Asia Pacific Index of regional shares declined 1.7 percent and the Nikkei 225 dipped 1.8 percent. IGTFX, The JPY fell over 90 pips on Friday after it closed the day at 92.09, making a weekly loss of 1.07 percent. IGTFX, The JPY gained for the third day versus the IGTFX, AUD after traders and strategists said that the IGTFX, RBA Governor Glenn Stevens may have lifted the nation’s interest rate too far and too fast after the bank increased the rate to 4.25 percent this month from 3 percent in October. IGTFX, The AUD/JPY fell for a third day and reached a low at 84.42. IGTFX,

IGTFX, The GBP fell versus the USD after U.K. IGTFX, Prime Minister Gordon Brown yesterday called for an investigation into Goldman Sachs, IGTFX, while German regulators asked the U.S. IGTFX, Securities and Exchange Commission for details on its suit filed versus the bank last week. IGTFX, The Securities and Exchange Commission instructed to prove whether the company defrauded investors by failing to disclose that a hedge- IGTFX, fund firm betting against them played a role in creating what they bought. IGTFX, The GBP/USD fell for a second day after it reached a low at 1.5225 and opened around 1.5287. IGTFX, The pair closed last week at 1.5390. IGTFX,

IGTFX, The EUR fell to a one-week low versus the IGTFX, USD after the European Union finance ministers wanted IGTFX, Greece to brace itself for the International Monetary Fund’s conditions on a bailout package. IGTFX, The EUR/USD fell for the third day and reached a low at 1.3444 while the IGTFX, EUR/GBP gained to a high at 0.8823 starting the week with a gap of more than 30 pips. IGTFX,
IGTFX, Daily Technical Analysis - IGTFX, Our Focus Currencies for Today

USD/JPY (Daily)

IGTFX, After reaching a high near 94.63 at the beginning of the month, the USD/JPY fell back and reached the support level around 92.20. IGTFX, The MACD is currently signalizing a bearish trend which could be a signal for further bearish movements. IGTFX, Nevertheless, we should wait until we see a clear break trough the horizontal support level. IGTFX,

IGTFX, Intraday Support & Resistance IGTFX, (Daily)Support Levels around Resistance Levels around IGTFX,
IGTFX, 92.20 IGTFX, 93.71
IGTFX, 91.31 IGTFX, 94.70
IGTFX, 90.40 IGTFX, 97.70

CAD/JPY (Daily)

IGTFX, As you can see, IGTFX, the CAD/JPY fell back from its high around 94.28 before it reached the support IGTFX,
IGTFX, level near 90.40. IGTFX, This level was a pretty hard resistance in the past. The MACD analysis may IGTFX,
IGTFX, give a signal for further bearish moves. If the market breaks the support level around 90.40, IGTFX, we
might expect a continuing bearish market. IGTFX,

IGTFX, Intraday Support & IGTFX, Resistance (Daily) IGTFX, Support Levels around Resistance Levels IGTFX, around IGTFX,
IGTFX, 90.40 IGTFX, 93.70
IGTFX, 88.25 IGTFX, 94.30
IGTFX, 86.05 IGTFX, N/A

 

[igtfx.research]

IGTFX technical analysis, The report today will be about the movements of the IGTFX, CAD against all the major currencies after the Bank of Canada made some comments about their future plans and the nation’s current financial situation. IGTFX, Nevertheless, IGTFX, could u plz send me a copy of ur ID TO we wish you a nice and relaxed trading day. IGTFX,

IGTFX, Market Review – IGTFX, Fundamental Perspective
IGTFX, The strong CAD gained versus a basket of major currencies such as the USD and the IGTFX, JPY after Bank of Canada policy makers said that better-than-expected economic growth and inflation will spur interest-rate increases. IGTFX, The central bank held the benchmark interest rate unchanged since April 2009. IGTFX, “With recent improvements in the economic outlook, the need for such extraordinary policy is now passing and it is appropriate to begin to lessen the degree of monetary stimulus, IGTFX, ” the central bank’s IGTFX, Governor Mark Carney said in a statement from Ottawa. IGTFX, The Policy makers said that inflation will be IGTFX, “slightly higher” than their 2 percent target over the next year while they increased the 2010 economic growth forecast to 3.7 percent from 2.9 percent. IGTFX, The next two meetings will be on June 1st and July 20th. IGTFX,
According to a survey by economists, IGTFX, the central bank will increase its interest rate to 1.25 percent by the end of the year. IGTFX, Canada’s consumer prices climbed 0.4 percent in February after rising 0.3 percent in January, IGTFX, which is more than estimated. IGTFX, They may have posted a straight monthly gain for the third time in March, IGTFX, increasing 0.2 percent, according to a survey before the nation’s statistics get published on April 23rd. The USD/CAD fell for a second day and is trading currently around 0.9940. IGTFX, Yesterday, IGTFX, the pair fell over 160 pips, which was its biggest loss since November 2009. IGTFX, The CAD/CHF gained to its highest level since April 7th after rising over 2.5 percent this week. IGTFX,
IGTFX, The EUR fell versus 14 of its 16 major currencies while we expect IGTFX, Greece to begin talks today on activating a 45 billion-EUR IGTFX, ($61 billion) IGTFX, rescue package. IGTFX, The EUR fell for a second day versus the USD before data are expected to show IGTFX, U.S. IGTFX, existing home sales gained 5.3 percent in IGTFX, March, IGTFX, before the National Association of Realtors report tomorrow. IGTFX, The EUR/USD fell to 1.3422 after it reached a low near 1.3404. IGTFX,
IGTFX, Daily Technical Analysis - IGTFX, Our Focus Currencies for Today IGTFX,

GBP/CHF (4 Hour)

IGTFX, Since the middle of March, the GBP/CHF has been trading in a bullish Fibonacci fan. IGTFX, During April, IGTFX, the market gained back after it touched the lower Fibonacci fan level for the second time. IGTFX, At the moment, IGTFX, the pair is trading below the top of the fan. IGTFX, If the market doesn’t break out of the Fibonacci fan, we might see a pull-back towards the middle and lower line. IGTFX,

I IGTFX, ntraday Support & Resistance IGTFX, (4 Hour)Support Levels around Resistance Levels around
IGTFX, 1.6365 IGTFX, N/A
IGTFX, 1.6285 IGTFX, N/A
IGTFX, 1.6205 IGTFX, N/A


USD/CAD (4 Hour)

IGTFX, After the news from Canada yesterday, IGTFX, the USD/CAD has crashed down and seems to have found its support around 99.60. IGTFX, As we can see, IGTFX, the Stochastic Indicator reached the level around 4.00, which could indicate an oversold market. IGTFX, If the support around 99.60 is strong enough, IGTFX, the pair might return back from its losses on the way to cross the resistance level around 0.9995. IGTFX,

IGTFX, Intraday Support & Resistance IGTFX, (4 Hour)Support Levels around Resistance Levels around IGTFX,
IGTFX, 99.60 IGTFX, 0.9995
IGTFX, N/A IGTFX, 1.0065
IGTFX, N/A IGTFX, 1.0085

 

[igtfx.research]

IGTFX technical analysis Market Review – IGTFX , Fundamental Perspective
The IGTFX , AUD and IGTFX , NZD fell for a second day versus the JPY and USD on concern that IGTFX , Greece’s struggle to fund its budget shortfall will decrease demand for higher-yielding assets. IGTFX , Greece’s deficit of 12.9 percent of gross domestic product is more than four times than the EU limit. The high-rate currencies also weakened on prospects that U.S. IGTFX , IGTFX , President Barack Obama will call for new financial regulations. IGTFX , IGTFX , The NZD pulled a bit back versus the IGTFX , USD as IGTFX , New Zealand’s Finance Minister Bill English said that the nation’s economy is recovering “slightly more strongly” as shown in a December Treasury forecast. IGTFX , According to a U.S IGTFX , Treasury Department official, the Group of Seven finance ministers are meeting today in Washington where they discuss currencies, IGTFX , financial markets and the timing of improving fiscal stimulus. IGTFX ,
IGTFX , The JPY gained versus all 16 most-traded currencies after the nation’s exports grew for a fourth month in March and shipments abroad advanced 43.5 percent from a year earlier, IGTFX , the Finance Ministry in Tokyo said today. IGTFX , The JPY also gained after Bank of Japan Governor Masaaki Shirakawa said this week that the risk of another recession has “pretty much gone.” IGTFX , The JPY gained for a second day versus the USD, NZD and the AUD. It reached a high around 85.80 versus the AUD and a peak by 65.80 against the NZD. IGTFX , According to the IMF, IGTFX , Australia’s gross domestic product will expand 3 percent this year and 3.5 percent in 2011. IGTFX ,
IGTFX , The EUR fell for a third day versus the GBP after talks started yesterday about an assistance package for Greece including 30 billion euros from the European Union and as much as 15 billion euros from the International Monetary Fund. IGTFX , The EUR/GBP fell for a fourth day after it reached a low near 0.8673, IGTFX , which was the lowest level since February 18th. IGTFX , The EUR/USD pulled a bit back after it fell to a low of around 1.3357 yesterday, the lowest level since April 9th. IGTFX ,
IGTFX , Daily Technical Analysis - IGTFX , Our Focus Currencies for Today IGTFX ,

EUR/GBP (Daily)

IGTFX , After touching the horizontal resistance level for the second time, IGTFX , the EUR/GBP pulled back inside the bearish pitchfork channel and crossed the level around 0.8700, IGTFX , which may be a technical as well as a psychological support line. IGTFX , At the moment, IGTFX , the pair is trading between the 0.8700 and the 0.8645 support line. IGTFX , If the pair could cross the 0.8645 support line, we might see further losses inside the bearish pitchfork. IGTFX ,
IGTFX , Intraday Support & Resistance IGTFX , (Daily)Support Levels around Resistance Levels around
IGTFX , 0.8645 IGTFX , 0.8830
IGTFX , N/A IGTFX , 0.8865
IGTFX , N/A IGTFX , 0.8920


AUD/USD (Daily)

IGTFX , On a long-term view, IGTFX , the AUD/USD has been trading below a horizontal resistance around 0.9340. IGTFX , After reaching a low near 0.8577 at the beginning of February, IGTFX , the pair gained inside a bullish trend channel before it finally reached the long-term resistance around 0.9340. IGTFX , IGTFX , If the pair could break through the 0.9340 resistance line constantly, IGTFX , we might see further gains inside the bullish trend channel. IGTFX ,

IGTFX , Intraday IGTFX , Support & IGTFX , Resistance IGTFX , (Daily)Support Levels around Resistance Levels around IGTFX ,
IGTFX , 0.9010 IGTFX , 0.9340
IGTFX , 0.8915 IGTFX , N/A
IGTFX , 0.8565 IGTFX , N/A