Igtfx technical analysis
igtfx Technical Analysis Cadjpy Nzdjpy
IGTFX technical analysis:
The EUR could increase to 0.9064 versus the GBP.
The GBP weakened for a sixth day versus the USD on concern that political uncertainties will hamper efforts to reduce the U.K. financial debt situation. The USD rose to 1.4928. Furthermore against all off its other most traded counterparts, the GBP made losses and continued its weak trend. The GBP lost after polls showed that Britain may have its first minority government since 1974 and ahead of a report forecast to show that a recovery in consumer confidence stalled in February. The EUR could increase to 0.9064 versus the GBP. In the Year 2010, the GBP declined 7.6% against the USD and 2.3% versus the EUR. The AUD traded near its strongest level in a week versus the USD after the Reserve Bank of Australia raised its benchmark interest rates from 3.75% to 4.00%.
The JPY fell as the Asian stocks followed gains in the U.S. after consumer spending topped economists estimates. U.S. consumer spending rose 0.5% in January. The median forecast was for an increase of 0.4%.
With the ending of February, the CAD recovered from its downward movement against the JPY and started a bullish trend. Currently, the currency pair is trading near its resistance around 85.65. With its first attempt, the CAD failed to cross this level. Now it could be that the prices will rebound. IGTFX REPORT The MACD may indicate a pull back with a breakthrough of the signal line from the top in the next few days. Next support could be around 83.30.
As you can see, the NZD could recover from its bearish trend at the end of February versus the JPY. IGTFX REPORTS Now it remains to be seen if the currency pair will cross its important Fibonacci Retracement level at 62.53 (50%). In the middle of February as the prices crossed this level, the NZD rose to 64.58. The MA Oscillator may support a slight upward trend.
IGTFX technical analysis USD PLN and AUD NZD
IGTFX technical analysis USD PLN and AUD NZD
The USD dropped for a second day versus the EUR as the most trades increased their bets that the Federal Reserve will keep its target interest rate near zero to sustain a recovery in the world`s biggest economy. IGTFX indoor The EUR rose to 1.3645. Furthermore the USD weakened against 15 of its 16 major counterparts after the Fed Bank of Dallas President Richard Fisher said the interest rates should remain low until the economy picks up, which won`t happen for some time. The JPY increased to 88.65 versus the USD after it reached 88.48. IGTFX This was the lowest level since the middle of December 2009. IGTFX indoor The EUR was unchanged and is trading at a level around 120.97 versus the JPY.
Yesterday, the interest rate futures on the Chicago Board of Trade showed a 39 % change that the Federal Reserve Bank will hold its target lending rate between zero and 0.25 %. IGTFX indoor In Europe, the Greek government will announce their cuts about 4.8 billion EUR today, due to the European pressures.
USD/PLN
IGTFX indoor Since the middle of February, the USD has been trading in a sideways trend against the PLN. During the last two weeks, whenever the currency pair reached its support level around 2.8860, the prices recovered and increased. Recently, the support was not strong enough and the market crossed it from the top. IGTFX indoor Now, it could be that the prices will continue their bearish movements. IGTFX indoor The MA Oscillator may indicate a bearish trend with a breakthrough of the signal line.
AUDNZD
With the beginning of February, IGTFX indoor the currency pair has been trading in a bullish trend channel. IGTFX indoor Yesterday, the AUD reached the upper line of the trend channel together with its Pivot point at 1.3006 and the prices rebounded. Last week, we had the same scenario and the AUD lost and crossed the lower line of the channel. IGTFX indoor Also the Momentum could support a bearish trend.
IGTFX technical analysis
IGTFX technical analysis , today we expect a lot of interesting economic data. For example the U.S. Jobless Claims. Anyway, have much success in trading today.
The NZD lost and reached 1.3080 versus the AUD .
IGTFX Market review
The USD traded near a two week low versus the EUR and reached 1.3703 on easing concerns that the European Union`s biggest budget gap will derail a regional recovery after Greece announced tax increases and deeper spending cuts. Furthermore the JPY traded near its highest level against the USD since the beginning of December 2009. IGTFX reports The USD dropped to 88.45 versus the JPY on bets the Federal Reserve will keep its benchmark interest rate near zero. The EUR weakened to 121.02 against the JPY. IGTFX reports Since the year 2000, the AUD approached its strongest level against the NZD, because investors bet on a quicker economic growth in the larger South Pacific nation. This increased the demand for the AUD. IGTFX reports The NZD lost and reached 1.3080 versus the AUD.
The Bank of England announces today, that they may keep their bond purchase plan on hold. The GBP has dropped 4 % in the past month versus the USD and 7% in this year.
IGTFX reports , Since the middle of February, the USD has been trading in a slightly bearish trend channel against the SEK. Currently, the currency pair is trading in the middle of the channel. During the last two weeks, whenever the USD touched the upper or the lower line of the channel, the prices continued its bearish trend. Furthermore the MA Oscillator may indicate a following downtrend with a breakthrough by the signal line.
With the beginning of February, the USD has been trading in a sideways trend versus the CZK. IGTFX reports During that time, IGTFX reports the currency pair could recover four times at its support around 18.8480. Recently, the USD has broken this support, but it seems that the prices could recover again. IGTFX reports Also the RSI indicator could support that with an increasing trend. It remains to be seen if the USD could cross its support from below today .
IGTFX technical analysis
IGTFX technical analysis At the end of the week the USD and the JPY lost against its most traded counterparts. However, we wish you a relaxed weekend.
IGTFX technical analysis At the end of the week, the JPY weakened against the USD and the EUR on speculation that the Bank of Japan will step up its credit easing measures to stave off deflation. The EUR rose versus the JPY and reached 121.34. IGTFX reports The USD fetched 89.23 against the JPY. Furthermore the JPY lost versus all off its other most traded counterparts after the JPY borrowing costs fell in London and after the Nikkei English News said that without citing anyone, the central bank will likely discuss more monetary easing measures. Also the USD lost at the end of the week against 12 of 16 major counterparts on speculation that U.S. IGTFX reports payrolls will fall less than expected by economists. IGTFX reports This increased the demand for riskier investments.IGTFX reports The EUR dropped this week 0.2% against the USD and traded at 1.3600.
IGTFX reports U.S. Jobless Claims dropped to 469,000 with the end of the last month said the Labor Department yesterday. That compared with the economists. They expected a drop about 470,000.
AUD/JPY
IGTFX reports Since the beginning of February, the AUD could recover and has been trading in a bullish trend versus the JPY. Currently, the currency pair is trading around its important Fibonacci level at 80.30 (61.8%). At the moment, the price crossed this level but it remains to be seen if the AUD could confirm its breakthrough today. IGTFX reports Furthermore a crossing MA Oscillator through the signal line from below may indicate an increasing trend.
EUR/PLN
IGTFX reports With the beginning of February, the EUR has been trading in a bearish trend versus the PLN. At the middle of the current week, the currency pair crossed its Pivot Point at 3.9177 from the top, but now it seems that the second Pivot Point at 3.8930 could be strong enough to stop the downtrend. IGTFX reports A further signal for a pull back is maybe the RSI indicator which shows us a possible recovery.
IGTFX technical analysis 08-03-2010
IGTFX technical analysis , The repeatedly experience of cold and snowy weather this weekend has broken all hopes . Anyway, we hope you had a great weekend and wish you a successful trading week.
IGTFX reports The EUR gained against the USD and JPY as expectations climbed that the EU will support Greece. The EUR gained for a second day against the JPY after French President Nicolas Sarkozy said that the Euro region is ready to rescue Greece. IGTFX reports The European currency gained versus 12 of the 16 major currencies before a report today expects German industrial output climbed 1 percent in January after falling 2.6 percent the previous month. IGTFX reports The EUR/JPY reached its high at 123.80 after opening the week at 123.08 and a gain of more than 200 pips on Friday. IGTFX reports The EUR/USD gained for a second day as well. IGTFX reports The pair opened the week at 1.3619 and reached its daily-high at 1.3692.
IGTFX reports The JPY fell versus 15 of its 16 major counterparts as Asian shares extended a global stock rally, which curbed demand for the JPY as a refuge currency. IGTFX reports Today, the Nikkei 225 Stock Average headed for its biggest two-day gain in three months while the MSCI Asia Pacific Index of regional shares rose 1.6 percent. IGTFX reports The AUD/JPY climbed for a second day after touching a high at 82.50. IGTFX reports The NZD/JPY climbed to 63.45 before pulling back to 66.33.
AUD/USD
IGTFX reports As you can see, the AUD/USD has been moving along a bullish Fibonacci fan. IGTFX reports After touching the middle line of the fan during the past trading days, the market pulled back and reached the upper level of the fan, which is close to the first weekly pivot resistance. IGTFX reports While the RSI also signals an overbought market, we could expect a pullback towards the middle line of the Fibonacci fan.
USD/JPY
Since February, the USD/JPY has been moving inside a bearish pitchfork channel. IGTFX reports After the market touched the middle of the pitchfork several times, it turned back and reached the top of the fork, trading below the resistance level at 90.80. As you can see, the MACD could signal further gains for the pair. IGTFX reports as If the pair breaks the resistance of 90.80, it may continue its bullish movement.
IGTFX technical analysis
IGTFX technical analysis, welcome to our Daily FX Report. Today, we are going to report about the Pacific currencies and the Asian economic. We wish you a nice and successful trading day.
IGTFX reports The JPY gained the most in more than a week versus the EUR on expectation that Japanese companies are bringing back earnings back home before the nation’s fiscal year ends this month. IGTFX reports The Japanese currency climbed versus all the 16 major counterparts after Yi Gang, head of China’s foreign-exchange regulation said that speculative capital is flowing into the country. IGTFX reports The EUR/JPY fell to a low at 122.33 while the USD/JPY dipped to 89.88.
IGTFX reports The AUD/JPY fell the most since February 25th and reached a low at 81.59 while the NZD/JPY reached a day-low at 62.70. IGTFX reports Yesterday, the AUD traded near its strongest level in almost seven weeks against the USD as private reports showed that job vacancies jumped in February by the most in more than a decade and business confidence climbed for a second month. IGTFX reports The NZD dipped versus all the 16 major currencies after a government report showed that the nation’s consumer purchases on debit, credit and store cards fell for the first time in eight months. IGTFX reports The AUD/NZD gained to 1.3018 after it reached a high at 1.3027.
GBP/AUD
IGTFX reports As you can see, the GBP/AUD has been moving below a bearish Fibonacci fan. After touching the lower line of the fan during the end of February, the pair pulled down and reached the support level around 1.6500. If the market doesn’t break the support line around 1.6500, IGTFX reports it might pull up towards the bearish Fibonacci fan.
GBP/CAD
IGTFX reports Since the beginning of March, the GBP/CAD has been moving inside a bullish trend channel. While the Bollinger bands maz signalize a direction change, IGTFX reports the pair reached the lower line of the short term bullish trend channel for the third time. If the market will break the lower line of the channel, IGTFX reports we might be able to see further bearish movements.
IGTFX technical analysis
IGTFX technical analysis, Welcome to our Daily FX Report. We have reached Friday while we had an unpredictable and difficult trading week. IGT forex Nevertheless, we hope you had a successful one. IGT forex wishes u to Have a nice weekend.
Market review
IGT forex The JPY fell to a two-week low versus the EUR after Japanese Finance Minister Naoto Kan said that foreign-exchange intervention is always an option for the government if the currency movements are abrupt. IGT forex The JPY dipped versus all 16 major currencies after Prime Minister Yukio Hatoyama also said that the region’s government could take appropriate measures on the currency. IGT forex Another reason for the bad performance of the JPY could be the speculation that the BoJ will do a fund injection to the financial system to end deflation. IGT forex The BoJ will hold a two-day policy meeting on March 16th and 17th. According to two central bank officials, IGT forex the central bank’s easing options include an injection of 10 trillion JPY ($110 billion) to provide loans to banks. IGT forex The EUR/JPY climbed for a third day after touching a high at 124.17, IGT forex which was the highest level since February 23rd. IGT forex The USD/JPY also gained as it reached a high at 90.75, trading around the resistance level from December 04th 2009 (see report from March 10th). IGT forex The USD reached its fourth weekly gain versus the GBP before a report today is expected to show that confidence among the region’s consumers increased.
CHF/JPY
IGT forex Since February 23rd, the CHF/JPY has been moving inside the lower channel of Andrews’ Pitchfork, which starts at the beginning of February. After touching the 83.00 support level, the pair pulled up and reached the middle line of the Pitchfork. IGT forex Combined with the RSI analysis, we may expect that the middle line of the Pitchfork could give the market resistance to change the direction. IGT forex
GBP/NZD
IGT forex Since the beginning of February, the GBP has been trading along a bearish Fibonacci fan against the NZD. In addition, IGT forex we can see a resistance level around 2.1935 including a bearish trend channel, both starting at February 23rd. IGT forex We expect could a continuing bearish trend while we’ve four resistance levels above the market. IGT forex Should the pair cross over the 2.1935 resistance level, we might see a bullish trend reversal.
IGTFX technical analysis
IGTFX technical analysis, We’re proud to provide you with more important news and information related to the FOREX markets. on IGTFX mt4 We wish you a good start into the new trading week and successful trades.
Market Review – Fundamental Perspective
IGTFX mt4 The EUR started friendly into the new trading week and climbed near to a five week high versus the JPY as speculation the European Union may bail out Greece boosted demand for the 16- nation currency. IGTFX mt4 A Vienna-based newspaper reported that the Finance Ministers of the EU strapped a 55bln euro emergency package for Greece. IGTFX mt4 While the industrial output in the Euro- Zone strengthened with the strongest pace since the statistics began in 1990, IGTFX mt4 Eurostat reported Friday. IGTFX mt4 The industrial production rose 1.7 % from December. IGTFX mt4 Also the USD/JPY opened higher and rose near to a three-week high during the early Tokyo trading hours on concern that the Bank of Japan will take extra monetary-easing measures at its two-day policy meeting starting tomorrow. IGTFX mt4 Japan’s Prime Minister said last week that the government needs to stop the currency rising adding signs that the government rather the BoJ will intervene against its own currency. IGTFX mt4 “The currency is under pressure from growing expectations the Bank of Japan will ramp up quantitative easing to put an end to falling consumer prices”, said John Kyriakopouloa, head of currency strategy at National Australia Bank in Sydney.
Moody’s Investors Service told today that the U.S. as well as the U.K. moved “substantially” closer to losing their AAA credit ratings as the cost of servicing their debts rose. IGTFX mt4 Both countries will spend more on debt service this year than any other top-rated country.
New Zealand’s performance of service index climbed 0.6 points in February the Bank of New Zealand said today.
The USD declined against the CAD to the lowest level since July 2008 on speculation that the higher than expected increase in job creations lead Canada’s central bank to raise its key interest rates earlier. IGTFX mt4 Canada’s unemployment rate fell to 8.2% while economists expected 8.3%.
The NOK fell versus nine of the 16 most important counterparts after Norway’s Prime Minister pledged to curb the use of oil revenue in the 2011 budget to ensure interest rates stay low as the economy emerges from recession.
USD/JPY (4 Hour)
After the USD touched its lowest level on 4th of March the currency pair began to recover. IGTFX mt4 In order of this the USD crossed the 61.8% Fibonacci level around 90.71. IGTFX mt4 But it doesn’t seem that the bulls have enough power for further gains. IGTFX mt4 It remains to be seen if the support around 90.62 could be strong enough.
EUR/JPY(4 Hour)
Since the end of February the EUR/JPY has been trading in a bullish trend-channel and touched its resistance level around the 125.24 at last. IGTFX mt4 It seems that the currency pair may change-over in a short consolidation phase and we maybe have to allow some profit takings. IGTFX mt4 But as long as the trend-channel won’t be broken the EUR could be able to attack the 125.24 level again.
IGTFX technical analysis
IGTFX technical analysis survey stokes fears that the upcoming election may end in a minority government and strained the GBP. However, we wish you a nice and prosperous trading day.
IGFX technical analysis The GBP declined versus all of its 16 most traded counterparts and dropped against the USD the most in two weeks as a national poll showed that the U.K. may face a minority government after the upper house election this July. IGFX technical analysis The GBP/USD fell 1.1 percent to 1.5034 while the EUR/GBP rose 0.3 percent to 90.83 yesterday. IGFX technical analysis Futures traders at the CME are more bearish than ever on GBP amid concern that the currency’s worst annual start in 13 years will continue.IGFX technical analysis The bearish gamblers outnumber the bulls by eight times more than George Soros made $1bln betting against the sterling in 1992. IGFX The USD extended its gains versus the GBP during the early Asia trading hours on speculation that the Federal Reserve may eliminate its commitment to key interest rates near zero for an “extended period” at its meeting today. IGFX technical analysis The EUR/USD declined on Monday as euro-zone officials damped speculation down that the Finance Ministers will adopt a rescue strategy to bail out Greece this week. IGFX technical analysis The euro-zone still hopes that Greece’s budget cuts will make a bailout unnecessary. IGFX technical analysis
IGFX technical analysis, The CHF climbed against the EUR to its highest level in almost 17 months as a government report showed that the annual producer and import prices declined at the slowest pace in more than a year adding signs that the SNB may stop selling its own currency. IGFX technical analysis The central bank started selling a year ago to contain declining consumer prices and to prevent from a deflation.
IGFX technical analysis The AUD/JPY weakened for a second day on concern the minutes of its central bank’s March meeting will signal a slower pace to future interest rate increases after the bank already rose borrowing costs to 4 percent at its gathering.
IGFX technical analysis The demand for NZD/USD was limited on concern a U.S. IGFX technical analysis report may show that the housing starts dropped in February; raising speculation the global recovery is slowing which cuts demand for so called higher-yielding assets.IGFX technical analysis
Daily Technical Analysis from IGFX technical analysis - Our Focus Currencies for Today
GBP/USD (2 Hour)
IGFX technical analysis After the GBP broke through its short-term support as shown in our report yesterday, the currency pair declined near to the 1.5000 level. IGFX technical analysis Thus it seems unlikely to cross the overall longterm bearish trend-line rather we maybe have to allow for a continuing bearish movement near to 1.4872 if the support around the 1.5000 level won’t be strong enough.IGFX technical analysis
EUR/GBP (2 Hour)
IGFX technical analysis Since the middle of February the EUR/GBP has been trading close to a bullish trend-line and touched already its resistance around 0.9143 twice. IGFX technical analysis Now it remains to be seen if the trend could support the bulls once again to climb over the resistance around 0.9100 otherwise it may fall back near to its support around 0.9046.IGFX technical analysis
IGTFX technical analysis
IGTFX technical analysis, The Federal Reserve extended its low-borrowing-cost policy once again and higher prices for raw material affected parts of the FOREX market especially the higher yielding assets. IGTFX technical analysis Enjoy the report and have a nice trading day. IGTFX
IGTFX. The Federal Reserve kept the federal funds rate target for overnight loans between banks near zero and repeated its pledge to keep it there for an “extended period”. IGTFX The Fed also said that the emergency measures to prop up the housing market will end as planned this month. IGTFX After this decision the JPY climbed near to a one-week high versus the USD on concern the Bank of Japan will abstain from significant easing measures. IGTFX The EUR/JPY opened the Asia session higher and may head for a second winning day as the rating agency Standard & Poor’s affirmed its BBB+ long-term rather A-2 short-term credit rating for Greece. IGTFX The GBP/AUD raised more than 130 pips yesterday as U.K. stocks strengthened and a new poll eased concern that the election this year won’t produce a clear winner.IGTFX
IGTFX The CAD rose to the strongest level in almost two-years against the USD. IGTFX It climbed as much as 0.6 percent at its highest level as gold and crude oil gained. IGTFX Raw materials account about half of Canada’s export sales.
IGTFX The CHF strengthened against 12 of its 16 most active traded counterparts as the government raised its forecast for 2010 growth amid improved consumer spending. IGTFX The State Secretariat for Economic -IGTFX- Affairs said the Swiss gross domestic product may expand 1.4 percent this year. The USD/CHF declined yesterday from 1.0619 at its opening to 1.0534 at its lowest level. IGTFX
IGTFX Also the AUD gained versus the JPY as well as the USD as raw material prices increased. IGTFX The AUD/USD touched a two-month high while the AUD/JPY traded nearly unchanged around 83.00 level during the early Tokyo trading hours. IGTFX The NZD, as well a commodity-linked currency, IGTFX climbed to a six-week high against the USD yesterday but as a report showed this morning that New Zealand’s consumer confidence declined for a second quarter it came under pressure and lose some of its earlier gains. IGTFX
IGTFX Daily Technical Analysis - Our Focus Currencies for Today
USD/JPY(2 Hour)
IGTFX Since the middle of January the USD/JPY has been trading close to a bearish trend line. IGTFX After the USD reached its lowest level at the end of February the currency pair started a recovery phase close to a bullish trend-line as you can see in the picture. IGTFX A rising Momentum may indicate further bullish movements near to the resistance around 90.82. IGTFX
EUR/JPY (2 Hour)
IGTFX The EUR/JPY broke through its mid-term bearish trend-line after it fell to the 120.00 level last month and crossed the third Fibonacci fan at last. IGTFX But the falling positive DMI and an ADX at such a low level could indicate that the bulls have not enough assistance to cross the next resistance at 124.48. IGTFX If the currency pair will fail to cross it may decline near to the next support around 123.67 rather its bullish-line. IGTFX
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welcome to IGTFX Daily FX Report. A new month in 2010 and we expect a lot of interesting economic data around the world. Today with IGTFX we analyzed the EUR and have some news from Europe. Anyway, we wish you a good start in March.
IGTFX Market review
JPY
The JPY weakened versus its most traded counterparts on speculation that the European Union governments will rescue Greece to reduce their financial debt. IGTFX research This decreased the demand for the JPY as a refuge. The EUR advanced against the GBP after the French Finance Minister Christine Lagarde said that European governments are studying ways to assist Greece before the EU Affairs Commissioner Olli Rehn and Greek Prime Minister George Papandreou meet today. The USD traded near the lowest level in almost a week versus the AUD on speculation a report will show today that U.S. manufacturing expanded last month at a slower pace. The JPY started the week versus the EUR at the same level and traded at 121.24.IGTFX research The USD rose against the EUR to 1.3599. Furthermore against the JPY the USD increased to 89.15. IGTFX research The AUD was at 0.8959 versus the USD and the GBP continued its losses for a fourth day against the EUR to 0.8975.
The Reserve Bank of Australia will meet this week. A lot of financial experts expect that they will increase the benchmark interest rates tomorrow from 3.75% to 4.00%.
IGTFX research With the ending of February, the EUR could recover from its bearish trend against the NZD and has been trading in a bullish trend. Recently, the currency pair fell to its lower Bollinger Band. In the last two weeks, whenever the EUR touched its lower Boll, the prices recovered and rose to the upper Bolls. Also the RSI may indicate an increasing trend and a continuing upward trend.
As you can see the EUR has been trading in a bearish trend against the CAD since the beginning of February. With the last week in the past month, the currency pair recovered from its downward trend. But now it seems that the EUR will cross its Pivot Point from the top and may fall to its support at 1.4155. Furthermore the MACD could support a pull back with a breakthrough by the signal line.