Official Trading Forex Arabic Representative

[TradingForexDeema]

Daily Market News from TradingForex 14 March 2013

Currencies News from TradingForex

EUR/USD
The dollar traded higher against the euro, as it did against most major currencies. The Euro U.S. dollar pair lost 0.56 percent in Asian trading, and was at 1.2961.

USD/JPY
The Japanese yen rose against major currencies including its U.S. rival. It gained 0.2 percent against the dollar, and at 6:49 am London time it was at 95.98 per dollar.

AUD/USD
The Australian dollar rose against most major currencies, it gained 0.7 percent and as of 4:33 pm Sydney time it traded at 1.0367 dollars. The Australian dollar, U.S. dollar pair gained 0.69 percent in today’s Asian trading and was at 1.0371. It is expected to find support at 1.0268 and resistance at 1.0368.

GBP/USD
The British pound rose 0.1 percent and traded at 1.4919 dollars.

Commodities News from TradingForex

Gold

Gold for April delivery on the Comex in New York lost 0.4 percent and traded at 1,586.30 dollars an ounce.

Spot gold gained 0.3 percent and at 1:05 pm Singapore time it traded at 1,587.55 dollars an ounce.

Oil

West Texas Intermediate for April delivery lost 21 cents in electronic trading on the New York Mercantile Exchange and was at 92.31 dollars a barrel.

Brent oil for April delivery lost 1 percent and was at 108.52 dollars on the London based ICE futures Europe exchange. Brent oil for April delivery expires today.

Brent for May settlement, lost 40 cents and as of 1:41 pm Singapore time it was at 108.18 dollars a barrel on the London based ICE futures Europe exchange.

 

[TradingForexDeema]

Daily Market News from TradingForex 1 April 2013

Currencies News from TradingForex

USD/JPY
The dollar fell to its weakest against the yen in a month. It lost 0.5 percent and was at 92.74 yen at 12:59 pm Tokyo time. The Dollar Yen pair lost 0.23 percent in today’s Asian trading and was at 93.03. It is expected to find support at 92.92 and resistance at 94.38.

AUD/USD
The Australian dollar gained 0.3 percent and as of 1:53 pm Sydney time it traded at 1.0450 dollars. The Australian/U.S. dollar pair gained 0.27 percent in today’s Asian trading, and was at 1.0451. It is expected to find support at 1.0364 and resistance at 1.0482.

Commodities News from TradingForex

Gold
Gold futures on the Comex in New York for June delivery gained 0.1 percent in today’s Asian trading and were at 1,601.95 dollars per troy ounce. They are expected to find support at 1,591.95 and resistance at 1,608.85.

Oil
West Texas Intermediate for May lost 39 cents and as of 1:08 pm Singapore time it traded at 96.70 dollars a barrel in electronic trading on the New York Mercantile exchange.

Brent for May lost 31 cents and was at 110.77 dollars a barrel on the London based ICE futures Europe exchange.

 

[CyprusForexTrader]

Daily Market News June 25

Currencies

EUR/USD
The Euro traded higher than the U.S. dollar during today’s trades. The pair gained 0.12 percent in today’s Asian trading and consolidated at 1.3134. It is expected to find support at 1.3058 and resistance at 1.3175.

USD/JPY
The Japanese yen traded higher than the U.S. dollar adding 0.3 percent and as of 6:36 am London time it was at 97.40 per dollar. The pair added 0.24 percent in today’s Asian trading and was at 97.98. It is expected to find support at 96.85 and resistance at 99.45.

AUD/USD
The Australian dollar had a volatile trading day, rising and falling, but adding 0.1 percent against the U.S. dollar and as of 5:00 pm Sydney time it settled at 92.55 U.S cents. The pair gained 0.02 percent in today’s Asian trading and was at 0.9276. It I expected to find support at 0.9184 and resistance at 0.9313.

GBP/USD
The British pound rose for its second consecutive day against the U.S. dollar adding 0.1 percent and as of 7:39 am London time it was at 1.5454 dollars.

Commodities

Gold

Gold for August delivery on the Comex in New York gained 0.9 percent and was at 1,287.90 dollars an ounce.
Cash Bullion lost 0.4 percent and as of 12:55 pm Singapore time it was at 1,276.73 dollars an ounce.

Oil

West Texas Intermediate for August gained 9 cents and as of 2:55 pm Singapore time it was at 95.27 dollars a barrel in electronic trading on the New York Mercantile exchange.
Brent oil for August gained 15 cents and was at 101.31 dollars a barrel on the London based ICE futures Europe exchange.

 

[CyprusForexTrader]

Daily Market News June 25

Currencies

EUR/USD
The Euro traded higher than the U.S. dollar during today’s trades. The pair gained 0.12 percent in today’s Asian trading and consolidated at 1.3134. It is expected to find support at 1.3058 and resistance at 1.3175.

USD/JPY
The Japanese yen traded higher than the U.S. dollar adding 0.3 percent and as of 6:36 am London time it was at 97.40 per dollar. The pair added 0.24 percent in today’s Asian trading and was at 97.98. It is expected to find support at 96.85 and resistance at 99.45.

AUD/USD
The Australian dollar had a volatile trading day, rising and falling, but adding 0.1 percent against the U.S. dollar and as of 5:00 pm Sydney time it settled at 92.55 U.S cents. The pair gained 0.02 percent in today’s Asian trading and was at 0.9276. It I expected to find support at 0.9184 and resistance at 0.9313.

GBP/USD
The British pound rose for its second consecutive day against the U.S. dollar adding 0.1 percent and as of 7:39 am London time it was at 1.5454 dollars.

Commodities

Gold

Gold for August delivery on the Comex in New York gained 0.9 percent and was at 1,287.90 dollars an ounce.
Cash Bullion lost 0.4 percent and as of 12:55 pm Singapore time it was at 1,276.73 dollars an ounce.

Oil

West Texas Intermediate for August gained 9 cents and as of 2:55 pm Singapore time it was at 95.27 dollars a barrel in electronic trading on the New York Mercantile exchange.
Brent oil for August gained 15 cents and was at 101.31 dollars a barrel on the London based ICE futures Europe exchange.

 

[CyprusForexTrader]

Daily Market News from TradingForex 25 JUNE 26

Currencies

EUR/USD
The U.S. dollar lost 0.3 percent against the Euro and was at 1.3077 dollars per euro as of 5 pm New York time. The pair lost 0.09 percent and was at 1.3066. It is expected to find support at 1.3000 and resistance at 1.3143.

USD/JPY
The Japanese yen rose by 0.3 percent against the U.S. dollar and as of 6:57 am London time it was at 97.52 per dollar. The U.S. dollar Japanese yen par lost 0.32 percent in today’s Asian trading and was at 97.45. It is expected to find support at 96.85 and resistance at 98.70.

AUD/USD
The Australian dollar slightly fell against the U.S. dollar losing 0.2 percent and trading at 92.40 U.S. cents. The pair lost 0.08 percent in today’s Asian trading and was at 0.9268. It is expected to find support at 0.9148 and resistance at 0.9557.

GBP/USD
The Pound was at 1.5433 dollar 7:23 am London time. The pair lost 0.14 percent during yesterday’s Asian trading, and was at 1.5413. It was expected to find support at 1.5478 and resistance at 1.5528.

Commodities

Gold
Cash Bullion lost 2.6 percent and as of 2:50 pm Singapore time it was at 1,248.75 dollars an ounce.
Gold futures for August delivery on the Comex in New York were at 1,248.15 dollars a troy ounce. They expected to find support at 1,231.65 and resistance at 1,310.10.

Oil
West Texas Intermediate for August delivery lost 1.05 dollars and as of 3:07 pm Singapore time it was at 94.37 dollars a barrel in electronic trading on the New York Mercantile exchange.
Brent for August delivery lost 76 cents and was at 100.50 dollars a barrel on the London based ICE futures Europe exchange.

 

[CyprusForexTrader]

Daily Market News from TradingForex 3 July 2013

Currencies

EUR/USD

The dollar was at its one month high against the Euro. The Euro U.S. dollar pair lost 0.03 percent in today’s Asian trading, and was at 1.2974. It is expected to find support at 1.2900 and resistance at 1.3056.

USD/JPY
The U.S. dollar reached its 5 week high against the Japanese yen. The pair gained 0.13 percent in today’s Asian trading and was at 100.74. It is expected to find support at 99.50 and resistance at 101.27.

AUD/USD
The Australian dollar fell to its lowest in almost 3 years, it lost 0.8 percent against the U.S. dollar and as of 4:16 pm Sydney time it was at 90.76 U.S. cents. The pair lost 0.82 percent in today’s Asian trading and settled at 0.9073. It is expected to find support at 0.9066 and resistance at 0.9190.

GBP/USD
The British pound lost 0.1 percent against the U.S. dollar and as of 8:24 am London time it was at 1.5136 dollars. The pair lost 0.06 percent in today’s Asian trading and consolidated at 1.5147.

Commodities

Gold
Gold for August delivery was at 1.244 dollars an ounce on the Comex in New York.
Gold futures for August delivery on the Comex in New York lost 1 percent and as of 1:42 pm New York time, they were at 1,243.40 dollars an ounce.
Spot Bullion was at 1,246.32 dollars an ounce from 2:47 pm Singapore time.

Oil
West Texas Intermediate for August gained 2.58 dollars and as of 3:00 pm New York time it was at 101.36 dollars a barrel in electronic trading on the New York Mercantile exchange.
Brent oil for August added 1.61 dollars, and was at 105.61 dollars a barrel on the London based ICE Futures Europe exchange.

 

[IFX Gertrude]

Elliott wave analysis of EUR/NZD for December 9, 2013

Today's Support and Resistance levels:
R3: 1.6688
R2: 1.6601
R1: 1.6556
Current Spot: 1.6521
S1: 1.6470
S2: 1.6454
S3: 1.6443

Technical summary:
We did not expect an expanding flat correction to develop, but as long as important support at 1.6443 stays untouched, we will be looking for a break above 1.6556 and more importantly a break above 1.6750 confirming a new powerful rally higher. However, a break below 1.6443 will be a game changer and call for a new decline towards 1.5900 and likely even below. In the short term we would like to see support in the 1.6500-1.6510 zone protecting the downside for a rally above 1.6556 indicating that we have seen the expanding flat correction end at 1.6470.


Trading recommendation:
To our suprise, our stop at 1.6520 was hit, but we will re-buy EUR here at 1.6521 with a stop + reverse at 1.6440.

More analysis - at instaforex.com