Daily outlook By Commexfx

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Daily Outlook 2-07-2014

British pound keeps on posting additions on Tuesday, as GBP/USD exchanges the mid-1.71 extent in the North American session. On the discharge front, British Manufacturing PMI enhanced somewhat in June to 56.7 focuses, posting a seven-month high. In the US, ISM Manufacturing PMI indicated little change and met desires.

USD/CAD is indicating little development on Tuesday, as the pair exchanges the mid-1.06 reach right on time in the North American session. On the discharge front, the ISM Manufacturing PMI was very nearly unaltered in June and met desires. Exchanging is relied upon to be thin on Tuesday, with Canadian markets shut for a national occasion.

Australian dollar has posted increases on Tuesday, as the pair exchanges somewhat beneath the 0.95 level right on time in the North American session. In budgetary news, the RBA kept up investment rate levels at 2.50%. The Aussie likewise accepted a help from Chinese Final Manufacturing PMI, which posted its most noteworthy perusing since December. In the US, the ISM Manufacturing PMI was very nearly unaltered a month ago.

USD/JPY has posted unobtrusive additions on Tuesday, as the pair exchanges the high-101 extent late in the European session on Monday. On the discharge front, the Tankan Manufacturing and Non-Manufacturing Indices both mollified in May, indicating diminished financial action. In the US, today’s highlight is ISM Manufacturing PMI, with the businesses expecting a solid perusing in June.

 

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Daily Outlook 3-07-2014
Euro (1.3650) is revising delicately in front of the ECB meet today yet a ton of instability is normal now. Shortcoming will rise underneath 1.3615-00 and quality over 1.3700.

Dollar-Yen (101.86) is skipping up not surprisingly and it may well ricochet to 102.50 levels now. The reach of 101.20-102.75 may proceed for some more of a chance. The Euro-Yen (139.05) is exchanging around the safety of 139 after a rally on the again of a stronger Euro and a firm break over 139 may take it to 140.00-50 levels.

Pound (1.7156) is exchanging with a great deal of bullish force and the solid industrial facility yield has helped it more. Presently it may achieve 1.72 not surprisingly or significantly higher in a day or two.

It ended up being a false breakout over 0.9460 for Aussie (0.9377) as it fell strongly a while later. On the off chance that the help zone of 0.9350-20 breaks, the whole uptrend might be debilitated.

Gold (1324.16) has been steady and may stay consolidative for a couple of sessions. The 1325-1350 locale is significant however while underneath 1325, we may expect a fall towards 1310-1300. Note that it is not able to support an ascent over 1325 for the present. The week by week safety close to 1330 is as of now holding for the time being.

Silver (21.0661) is additionally steady yet appears to move in the long run up focusing on 21.5-22.5 in the close term. Gold-Silver degree (62.737) is extended inside the 63.098-62.37 area and until a break on either side of the reach, we can’t focus further course.

 

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Daily Outlook 4-07-2014

Euro (1.3609) broke the uptrending channel after the ECB meet and the ensuing soak soften up EURGBP (0.7927) proposes more downside, even upto 1.35. Keep an eye on the backings at 1.3580 and 1.3550.

Dollar-Yen (102.13) is near our focus of 102.50 after the US NFP information supported the Dollar yet the extent of 101.20-102.75 may proceed for some more of a chance. The Euro-Yen (138.99) remained generally unaltered as both the Euro and Yen debilitated at the same time. The more extensive extent of 138-140 doesn’t hint at any breaking soon.

Pound (1.7166) is unaffected by every one of those happenings in ECB or US and continues exchanging with a considerable measure of bullish force. Presently it may achieve 1.72 of course or considerably higher soon.

After the false breakout over 0.9460, Aussie (0.9358) has tried the whole help band of 0.9350-20 and now it must bob higher without making any new low to keep the officially undermined uptrend alive.

Gold (1319.343) fell pointedly yesterday after the US NFP turned out superior to gauges. The heading further is misty unless we see a break on either side of the 1300-1325 extent. 1350 on the upside could be focused on if a break over 1325 is seen. General the pattern stays down.

http://www.commexfx.com/daily-outlook-4-07-2014/

 

[commexfx]

Daily Outlook 8-07-2014
Euro (1.3604) is trying our backing of 1.3580-50 and a break over 1.3600 may create a bob to 1.3640-50 where the merchants may return once more. The proceeded with shortcoming in EURGBP (0.7940) recommends more downside, even up to 1.35, particularly if EURGBP neglects to bob from the channel backing of 0.7905-0.7900.

With the unaltered arrangement of BOJ & no extra QE in sight, the upward capability of Dollar-Yen (101.79) is restricted and the scope of 101.20-102.75 may proceed for some more of a chance. The Euro-Yen (138.48) dropped forcefully by virtue of a frail Euro and stagnant Yen however the more extensive scope of 138-140 must break before a definitive run rises.

Pound (1.7134) is unaffected by each one of those happenings in ECB or US and continues exchanging with a great deal of bullish force. Presently it may achieve 1.72 not surprisingly or significantly higher not long after the current combination closes.

After the false breakout over 0.9460, Aussie (0.9388) has tried the whole help band of 0.9350-20 and now it must skip higher without making any new low to keep the officially undermined uptrend alive.

Gold (1317.721) and Silver (20.991) are steady for the time being and may show went developments in for some more of an opportunity. A break on either bearing could be normal which would launch sharp moves. In any case, the long haul pattern is down.

 

[commexfx]

Daily Outlook 14-07-2014

The discourse by the ECB president Mario Draghi today may focus the fleeting heading for the Euro and thus the Dollar as well. Continue viewing.

Euro (1.3603) has been solidifying in the more extensive scope of 1.35-1.37 throughout the previous 6 weeks and may keep doing so. Presently it may achieve the 1.3650-1.37 afresh before switching towards the lower end.

Dollar-Yen (101.36) keeps on traing sideways in the old scope of 101.20-102.75 almost as expected after the false break down t 101.07 and there is still no indication of a break impending. Euro-Yen (137.87) is exchanging beneath the 2 month old scope of 138-140 and any failure to rapidly return inside that go may drag the cost down to the long haul channel backing of 137 or even 136.30.

Pound (1.7114) is unaffected by each one of those happenings in ECB or US and continues uniting at the more elevated amounts for almost two weeks. Presently it may achieve 1.72 of course or considerably higher after the current amendment closes.

Aussie (0.9400) is stuck in the band of 0.9320-0.9500 throughout the previous 5 weeks. A break over 0.9525 may bring about a rally towards 0.98 however a break beneath 0.9320 would bring about a drop to the long haul backing of 0.92. Anticipate that sideways move will proceed till a breakout happens in either bearing.

Gold (1334.92) is steady for the time being keeping in mind exchanging over 1330, it may target safety close to 1350-1360 on the upside. Close term rally is in energy.

 

[commexfx]

Daily Outlook 28-07-2014

The Dollar quality is noticeable all around now however the likelihood a transient top this week may not be completely discounted. Delight in the Dollar rally yet with a bit of alert.

Euro (1.3430) is exchanging at a 8 month low and searches prepared for a voyage to 1.33 or 1.31 in the following few days. Any endeavor to skip will face supply from 1.3475-1.3500.

Dollar-Yen (101.80) keeps exchanging sideways in the scope of 101-102, which still hints at no breaking. On a break over 102, some more skip to 102.25-50 may be seen. Euro-Yen (136.72) is exchanging sideways in 1.3630-1.3730 on the once more of similarly debilitating Euro and a frail Yen however it may even now drop further if neglects to beat 1.3770 levels in the advancing days.

Pound (1.6975) has made a Marubozu week after week candle with solid bearish ramifications in the short term. On the off chance that the former example is kept up, then this progressing amendment may end close to 1.6890 levels before turning around for an alternate new high.

Aussie (0.9395) has been rejected from the larger amounts almost as expected and the 5-week long band of 0.9320-0.9500 may proceed for a couple of more days.

Gold (1302.92) bobbed up forcefully on Friday from 1287 not surprisingly however while beneath 1325, bearish weight still exists. Tumbling to 1280-1260 appears a plausibility in the close term while the general pattern stays down.

 

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Daily Outlook 30-07-2014

The advance estimate of US Q2 GDP may affect the Euro in a big way today as can the FOMC decision. With Dollar Index reaching close to the 8-10 months old supply zone in 81.40-50, anything is possible now including a short term top for the Dollar. Keep cautious tonight.

Euro (1.3411) is testing the 200 week MA and the FOMC decision today may decide if it will hold or not right now though Euro looks ready for a journey to 1.33 or 1.31 in the next few days. Any attempt to bounce will face supply from 1.3475-1.3500.

Dollar-Yen (102.12) is trading close to the resistance of 102.25-30 with no strong bias and the price action here may decide if it will rise towards 102.80 or return to 101.50-10 levels. Euro-Yen (136.97) is trading sideways in 1.3630-1.3730 on the back of equally weakening Euro and a weak Yen but it may still drop further if fails to overcome 1.3770 levels in the coming days.

Pound (1.6949) has created a Marubozu weekly candle with strong bearish implication in the short term. If the prior pattern is maintained, then this ongoing correction may end near 1.6890-75 levels before reversing for another new high.

Aussie (0.9381) has been rejected from the higher levels just as expected and the 5-week long band of 0.9320-0.9500 may continue for a few more days.

Gold (1299.63) is trading lower. The correction that started from 1345 is still not over and has some room on the downside towards 1280.5. Long term bearishness is still in force while below 1350-1400. Falling to1280-1260 seems a possibility in the longer run.

 

[commexfx]

Daily Outlook 31-07-2014

The US GDP information brought more cheer for the Dollar bulls all over yet maybe the time for some alert is here with the Dollar Index still not able to convincingly exchange over the 10 month safety of 81.50 and the Sterling hinting at inversion. A transient top in Dollar and a fleeting base in Euro? Let watch.

Euro (1.3399) is immovably exchanging beneath the 200 week MA now and any remedial ricochet may confront safety at first at 1.3415-45 and afterward 1.3475-1.3500. It searches prepared for a voyage to 1.33 or 1.31 in the following few days.

Dollar-Yen (102.76) hit a 3 month high at 103.09 after the US information yet may think that it hard to climb further to 103.50-104. A sideways move in the extended scope of 101.-103 looks more likely now. Euro-Yen (137.68) bounced higher on the over of a forcefully debilitated Yen however for real quality, a break over 1.3850 is essential.

Pound (1.6949) is attempting to turn around precisely from our target level of 1.6890 and keeping with the prior example, we may finish up forcefully that the amendment has finished. Purchasers may rise here with a stoploss underneath 1.6885 for a fabulous danger reward degree.

Aussie (0.9327) hit a 3 month low at 0.93 levels and unless it figures out how to exchange over 0.9350-60 soon, the bears may endeavor to push it down to 0.9250 levels. At this time, the whole more extensive band of 0.9250-0.9550 is grinding away.

Gold (1294.69) has additionally dropped after better US GDP turned out and the US values went down. Right now exchanging simply over 1292.8, it may head towards 1280.5. Long haul bearishness is still in power while underneath 1350-1400. Falling to1280-1260 appears a plausibility in the more extended run.

 

[commexfx]

Daily Outlook 1-08-2014

Except the Aussie and the Pound, no other currency moved much. Yen may weaken further but keep an eye on Aussie, where the drop is surprising in the context of a violent rise in Chinese equities.

Euro (1.3388) is taking a pause in the form of a Triangle and looks set for a drop to 1.33 in the next 1-2 sessions. Any corrective bounce may face resistance initially at 1.3415-45 and then 1.3475-1.3500.

Dollar-Yen (102.89) is trading in the range of 101-103 as expected but now it may attempt the difficult rise to 103.50-104 if it manages to sustain above 102.80. Euro-Yen (137.75) is consolidating in the higher levels and may rise to test the resistance area of 1.3830-50, above which the door to 1.39 will open.

Pound (1.6857), contrary to expectations, has broken below the support of 1.6890 and now 1.6830 must provide support or else the 9-month uptrend may get threatened.

Aussie (0.9291) could not get back above 0.9350 as required for the
bulls and as a result, it has come down to the major channel support of 0.9250 as expected which must hold to protect the uptrend.

Gold (1283.79) extends its fall further towards our target of 1280 and a break below may see 1260 levels. Near term is bearish. Silver (20.39) is also on a downfall targeting 20.108 in the near term. No scope for bulls to be seen for now.

 

[commexfx]

Daily Outlook 4-08-2014

While the lower than anticipated US NFP information has debilitated the Dollar, the Indian Rupee holds up for the RBI meet tomorrow. About all the EM monetary standards are confronting solid backings, which must be broken to fortify the Dollar once more.

Euro (1.3418) ricocheted higher in opposition to desires yet to grow the bob, it must break over 1.3450. The ECB meet later this week may bring some short blanket however the significant pattern remains immovably down and set for lower targets.

Dollar-Yen (102.67) is exchanging the scope of 101-103 not surprisingly yet now it may in any case endeavor the troublesome ascent to 103.50-104 on the off chance that it figures out how to manage over 102.35-25. Euro-Yen (137.76) is merging in the larger amounts and may climb to test the safety zone of 1.3830-50, above which the way to 1.39 will open.

Pound (1.6825) has indicated the end of its 9-month long uptrend and now every restorative ascent may face offering weight at the larger amounts. A bob may be expected from this help band of 1.68-67, so watch out.

Aussie (0.9322) is stuck in the scope of 0.9350-0.9250 and unless it figures out how to break this extend, no drifting move will develop and sideways value activity may predominate.

Gold (1292.58) appears to climb now however unless it breaks 1300-1350, bearish weight would exist for some more of a chance. While beneath 1300 shots of a fall towards 1280-1260 still exists. Silver (20.36) is steady for the time being showing a fall towards 20.10. Gold-Silver proportion (63.462) has forcefully climbed and in the event that it breaks 63.82 it may focus on 64.9-65 levels indicating an ascent for the metals.

 

[commexfx]

Daily Outlook 5-08-2014

All the worldwide coinage are in an insensible mode with exceptionally thin extends with the ECM get meeting up and this unaltered situation may be thought about the Rupee as well, anticipating the RBI meet toward the beginning of today.

Euro (1.3418) is exchanging a scope of 20-30 pips yet to amplify the ricochet, it must break over 1.3450. The ECB meet later this week may bring some short blanket yet the real pattern remains solidly down and set for lower targets.

Dollar-Yen (102.56) is exchanging the scope of 101-103 obviously yet now it may in any case endeavor the troublesome ascent to 103.50-104 on the off chance that it figures out how to maintain over 102.35-25. Euro-Yen (137.63) is uniting in the larger amounts and may climb to test the safety range of 1.3830-50, above which the avenue to 1.39 will open.

Pound (1.6863) bobbed of course however may think that it hard to handle the safety at 1.6890-6900 now. It has indicated the end of its 9-month long uptrend and now every restorative ascent may face offering weight at the larger amounts.

Aussie (0.9323) is stuck in the scope of 0.9350-0.9250 and unless it figures out how to break this run, no inclining move will develop and sideways value activity may predominate.

Gold (1288.98) is battling in the 1280-1300 area. Force stays low and the metal may keep on remainning extent bound this week. 1280 has been a pivotal backing and we have to check whether it can throw the metal to larger amounts.

 

[commexfx]

Daily Outlook 6-08-2014

The Dollar quality is pushing the metals lower and may proceed with so in the close term indicating bearishness for the metals. Oil markets are additionally exchanging low.

Euro (1.3368) is experiencing its disappointment to break over 1.3450 and has hit a new low at 1.3356. Unless 1.3450 is broken soon, the likelihood of it arriving at the help range of 1.33 will be stronger.

Dollar-Yen (102.53) is exchanging the scope of 101-103 not surprisingly however now it may even now endeavor the troublesome ascent to 103.50-104 on the off chance that it figures out how to manage over 102.35-25. Euro-Yen (137.06) descended in opposition to desire on the once again of a debilitated Euro. It can hit 136.40-05 now if Euro keeps on falling.

Pound (1.6876) ricocheted obviously yet may think that it hard to handle the safety at 1.6890-6900 now. It has indicated the end of its 9-month long uptrend and now every remedial ascent may face offering weight at the larger amounts.

Aussie (0.9298) is stuck in the scope of 0.9350-0.9250 and unless it figures out how to break this run, no drifting move will develop and sideways value activity may win.

Gold (1289.63) is steady and exchanging a bit higher. We may see a few sideways union in the close term in the 1280-1300 area and unless this extent breaks further heading can’t be dead set. General long haul pattern is down.

 

[commexfx]

Daily Outlook 7-08-2014

Notwithstanding Italian retreat, awful Germany Factory Orders, sanctions against Russia and dangers of Russian attack into Ukraine, the skip seen in Euro has bewildered all the dealers. Maybe simply a show of alert from Euro-bears before the enormous occasion of ECB meet today? Maybe QE is not nearing today?

Euro (1.3386) has skiped pointedly from 1.3330, near our help region of 1.33 however 1.3450-75 would be an extremely extreme obstacle to handle. The ECB meet toward the evening would be the pattern decider today.

Dollar-Yen (102.18) is exchanging the scope of 101-103 yet lost the bullish catalyst to endeavor the troublesome ascent to 103.50-104.the reach bound value activity doesn’t look like consummation whenever soon. Euro-Yen (136.78) ricocheted once again in the wake of accomplishing our focus of 136.40-05 as it made a low at 136.16. On the off chance that Euro can develop the skip, this pair may hope to test the real safety territory around 138 by and by.

Pound (1.6856) tried 1.6820 levels after a sharp dismissal from 1.6890-6900 not surprisingly. The following course relies on upon the BOE choice today and it would be better not to conjecture before that occasion.

Aussie (0.9281) is experiencing a horrendous selloff as its Unemployment rate hits a 12-year high and the Labor Force information takes on at -300 against the normal 13500. The value activity at the long haul help zone of 0.9250-0.92 may focus the medium term course and pattern.

Gold (1307.15) shot up yesterday on flaring strains over Ukraine expanding the interest for the metal. Yet in the more drawn out run the conceivable Dollar quality over Euro may get to be bearish for Gold. Need to lie low if the ascent manages and takes it higher towards 1330 or returns to lower levels of 1290 in the advancing sessions.

Silver (20.089) likewise climbed after the ECB Meeting yesterday, additionally skipping from vital backing close to 19.7. On the off chance that the help holds we may see an ascent towards 20 once more. General quick pattern is down.

 

[commexfx]

Daily Outlook 8-08-2014

QE didn’t show up of course and the majors didn’t do anything altogether diverse. There is checked contrast with the values in this portion in regards to the value activities.

Euro (1.3362) didn’t find any course significantly after the ECM meet and is stuck in the restricted scope of 1.3330-90. Sit tight for a breakout to run with the fleeting stream. All the bigger patterns stay down.

Dollar-Yen (101.81) is exchanging the scope of 101-103 yet lost the bullish catalyst to endeavor the troublesome ascent to 103.50-104.the extent bound value activity doesn’t look like closure whenever soon. Euro-Yen (136.01) is trying the real help zone of 136.00-135.75 after the Euro debilitated. A break underneath 135.75 would mean a conceivable adventure towards 134 levels.

Pound (1.6812) tried 1.68 levels after a sharp dismissal from 1.6890-6900 obviously. The BOE meet couldn’t influence the pattern or course in any critical way and all ricochets ought to be restricted to 1.69 levels in this firm downtrend.

Aussie (0.9256) is experiencing a horrible selloff as its Unemployment rate hits a 12-year high and the Labor Force information takes a swing at -300 against the normal 13500. The value activity at the long haul help zone of 0.9250-0.92 may focus the medium term heading and pattern.

Gold (1316.02) is climbing pointedly and if that maintains, it may focus on 1340-1350 in the close term. This may be an impermanent ascent and we might soon see a fall towards 1300 from 1340-1350 levels. Gold-WTI degree (13.48) is trying urgent safety close to 13.5 and that may push it towards 13-12.5 in the close term. That may indicate a bearish Gold perhaps after a few sessions.

 

[commexfx]

Daily Outlook 11-08-2014

The significant pattern may be down for about all the majors against the Dollar, yet in the short term, an exertion to assemble base is unmistakable, as apparent in Euro & Aussie. Fleeting energizes this week in the majors can’t be discounted.

Euro (1.3402) has made two week by week candles with long legs, recommending monstrous lack of engagement to go down. An endeavor to rally towards 1.3450-75 can’t be discounted however all the bigger patterns still stay down.

Dollar-Yen (102.15) is exchanging the scope of 101-and the extent bound value activity doesn’t look like closure at whatever time soon. Euro-Yen (136.89) ricocheted from precisely the significant help zone of 136.00-135.75 on the over of a stronger Euro. It may test 137.40-138.00 now however obliges a break over 138 to truly indicate any quality.

Pound (1.6781) has been making new lows not surprisingly yet now a restorative bob to 1.69 levels may be not that startling. A disappointment to bob would mean a prompt tumble to 1.6740-6700 levels.

Aussie (0.9284) has been pushed up by the long haul help zone of 0.9250-9200 and that secures the almost 5 month long scope of 0.92-0.95, which is not looking any indications of breaking yet. Expect safety at 0.9350-75.

Gold (1305.98) fell off from the every day channel safety close to 1333. A fall underneath 1300 may take it lower to 1280 however while over 1300-1305 we may expect an ascent towards 1340-1350 in the close term. Gold-WTI proportion (13.32) has descended a bit however is exchanging close significant safety of 13.5 which if holds may push it towards 13-12.5 in the close term. Gold may be bearish all things considered.

 

[commexfx]

Daily Outlook 12-08-2014

A quiet day for the currencies. Dollar gains a little against nearly all the majors.

Euro (1.3371) is weakening again and a break below 1.3370-60 will decrease the possibility of the expected rally towards 1.3450-75 considerably and increase the chances of testing 1.33 levels.

Dollar-Yen (102.30) is trading in the range of 101-and the range bound price action doesn't look like ending anytime soon. Euro-Yen (136.78) has been trading in a downward channel for the last few days and the range now may be modified to 135.75-138.00, which may not break without any major event.

Pound (1.6774) has been making new lows as expected but now a corrective bounce to 1.68-69 levels may be not that unexpected. A failure to bounce would mean an immediate fall to 1.6740-6700 levels.

Aussie (0.9259) is wandering about the long term support zone of 0.9250-9200 again, which defines the nearly 5 month long range of 0.92-0.95. Only a break below 0.92 would reverse the medium and long term trend to bearish.

Gold (1306.99) is ranged for now above 1305 but has a fair possibility of coming down to 1300-1290 in the coming sessions while the resistance near 1333 still holds. Silver (19.992) is ranged in the 19.7-20.108 region. No clarity is seen unless a break on either side of this range occurs. Gold-Silver ratio (65.345) came off sharply from 65.92 and may come down further towards 64.4 in the near term.

 

[commexfx]

Daily Outlook 13-08-2014

Euro proposes building a base and a comparative thing may be contended for the Sterling. Some Dollar shortcoming against the majors in the fleeting maybe?

Euro (1.3364) bears neglected to break 1.3330 notwithstanding the poor German information yesterday and perhaps that recommends inalienable quality in the short term. A breakout from this scope of 1.3300-1.3475 may make tremendous moves with the bullish alternative slowly picking up assurance.

Dollar-Yen (102.29) is exchanging the scope of 101-and the extent bound value activity doesn’t look like closure whenever soon. Euro-Yen (136.70) has been exchanging a descending channel for the last few days and the extent now may be adjusted to 135.75-138.00, which may not break without any significant occasion.

Pound (1.6804) has given the beginning skip to 1.68 not surprisingly and a break over 1.6840 would indicate a further expansion to 1.69 as well however the drawback danger of testing 1.6740 remaining parts still open.

Aussie (0.9278) is meandering about the long haul help zone of 0.9250-9200 once more, which characterizes the almost 5 month long scope of 0.92-0.95. Just a break beneath 0.92 would switch the medium and long haul pattern to bearish.

Gold (1308.47) is gone until further notice over 1305 and may focus on 1300-1290 in the nearing sessions from where we may see an upward revision. Silver (19.964) keeps on remainning went in the 19.7-20.108 district. As said prior, no clarity is seen unless a break on either side of this extent happens. Gold-Silver proportion (65.529) is exchanging inside 65.7-65.083 and in the event that it breaks lower may focus on 64.4 in the close term. Long haul is pattern is down.

 

[commexfx]

Daily Outlook 15-08-2014

GBP/USD managed sharp misfortunes a day prior. In financial news, US Unemployment Claims moved to 311 thousand, above desires. There are no British discharges on Thursday. The UK will discharge Second Estimate GDP on Friday, a key pointer.

AUD/USD: Aussie Continues With Its Gain In The Asian Session , For the 24 hours to 23:00 GMT, the AUD reinforced 0.14% against the USD to close at 0.9318. LME Copper costs declined 0.6% or $39.0/MT to $6886.5/MT. Aluminum costs declined 1.0% or $21.0/MT to $2005.0/MT.

USD/JPY worldwide rating org, Fitch Ratings demonstrated that the Japanese economy is “weathering” the late deals duty climb, further alerted that the compensation development is an imperative component in the country, which has neglected to build convincingly.in the Asian session, at Gmt0300, the pair is exchanging at 102.5, with the USD exchanging tad higher from yesterday’s nearby.

USD/CHF The pair is required to discover help at 0.9039, and a fall through could take it to the following help level of 0.9011. The pair is relied upon to think that its first safety at 0.9091, and an ascent through could take it to the following safety level of 0.9115.

 

[commexfx]

Daily Outlook 18-08-2014

EUR/USD The pair is expected to find support at 1.3367, and a fall through could take it to the next support level of 1.3336. The pair is expected to find its first resistance at 1.342, and a rise through could take it to the next resistance level of 1.3442.Going forward, trading trends in the Euro today would be governed by Euro-zone’s trade balance, scheduled in a few hours.

GBP/USD The pair is expected to find support at 1.6694, and a fall through could take it to the next support level of 1.6658. The pair is expected to find its first resistance at 1.6749, and a rise through could take it to the next resistance level of 1.6768.Amid lack of economic releases from the UK today, trading trends in the Pound today would be governed by global news/events.

AUD/USD The pair is expected to find support at 0.9299, and a fall through could take it to the next support level of 0.928. The pair is expected to find its first resistance at 0.9337, and a rise through could take it to the next resistance level of 0.9356.Amid lack of economic releases from Australia today, investors would keenly await tomorrow’s minutes of the latest RBA policy meeting.

USD/CHF The pair is expected to find support at 0.9009, and a fall through could take it to the next support level of 0.8990. The pair is expected to find its first resistance at 0.9059, and a rise through could take it to the next resistance level of 0.9090.

http://www.commexfx.com/daily-outlook-18-08-2014/

 

[commexfx]

Daily Outlook 19-08-2014

The rally in stocks or selloff in bonds didn’t have any discernible effect in the Currencies. Nearly all of the majors except Sterling keep trading in ranges and a breakout is required to shake them out of this sleep.

EUR/USD The pair is expected to find support at 1.3339, and a fall through could take it to the next support level of 1.3323. The pair is expected to find its first resistance at 1.3386, and a rise through could take it to the next resistance level of 1.3417.Amid a lack of major economic releases from the Euro-region, trading trends in the pair today are expected to be determined by the inflation data from the US, scheduled later in the day.

GBP/USD The pair is expected to find support at 1.6710, and a fall through could take it to the next support level of 1.6698. The pair is expected to find its first resistance at 1.6736, and a rise through could take it to the next resistance level of 1.6750.Going forward, investors today would look for the UK’s consumer prices data, scheduled in a few hours.

AUD/USD The pair is expected to find support at 0.9317, and a fall through could take it to the next support level of 0.9298. The pair is expected to find its first resistance at 0.9349, and a rise through could take it to the next resistance level of 0.9362.Going forward, investors would focus on the speech of RBA’s Governor, Glenn Stevens, scheduled to release in the mid-night.

USD/CHF The pair is expected to find support at 0.9039, and a fall through could take it to the next support level of 0.9007. The pair is expected to find its first resistance at 0.9088, and a rise through could take it to the next resistance level of 0.9105.

USD/CAD The pair is expected to find support at 1.0876, and a fall through could take it to the next support level of 1.0860. The pair is expected to find its first resistance at 1.0905, and a rise through could take it to the next resistance level of 1.0918.