Daily Market Reviews by MAYZUS.com

[MAYZUS_rep]

MAYZUSDailyTechnicalLevels


EUR/USD - duringtheday there is a risk of a technical correction

Our turning point is the level of1.38800

Ourpreference: Sell the EUR/USD above the levelof1.38650 with the key targets being: 1.38500 and 1.38300.

Alternative scenario: Ifthe resistance levelof 1.38800 is breached up with success, then the pair could rise to 1.39050, 1.39400.

Analysis: The stochastic will give a signal to sell the EURUSD pair soon.

This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.


GBP/USD–growth is possible

Our turning point is the level of1.68500

Ourpreference: Buy the GBP/USD pair above the level of 1.68800, with the nearest targets being 1.6900, 1.69200.

Alternative scenario: Ifthelevelof1.68500 is breached down with success, then the pair could drop to 1.68200, 1.67900 and 1.67650.

Analysis: The technical indicators point that the GBP/USD pair is oversold.

This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.


USD/JPY–growth is possible

Our turning point is the level of101.850

Ourpreference: Buy the USD/JPY pair below the level of 102.200, with the nearest targets being 102.500, 102.700, 103.000.

Alternative scenario: If the support level of 101.500 is breached down with success, then the pair could drop to101.500, 101.300.

Analysis: The technical indicators point that the USD/JPY pair is oversold and will give a signal to buy soon.

This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.


AUD/USD–growth is possible

Our turning point is the level of0.92500

Ourpreference: Buy the pair above the level of 0.92500, with the nearest targets being 0.92800, 0.93000 and 0.93200.

Alternative scenario: If the support level of 0.92500 is breached down with success, then the pair could drop to the following levels: 0.92300 and 0.92000.

Analysis: The stochastic indicator will give a signal to buy the AUD/USD pair soon.

This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

XAU/USD– duringtheday there is a risk of a technical correction

Our turning point is the level of$1315

Ourpreference: Sell Gold below the level of $1315, with the nearest targets being $1305, $1299 and $1294.

Alternativescenario: If the resistance level of $1315 is breached up with success, then Gold could rise to $1325 and $1330.

Analysis: The technical indicators point that Gold is overbought and will give a signal to sell soon.

This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.


XAG/USD–duringtheday there is a risk of a technical correction

Our turning point is the level of$19.70

Ourpreference: SellSilver below thelevelof$19.50, with the nearest levels being $19.250, $19.00.

Alternativescenario: Iftheresistance levelof$19.70 is breached up with success, then Silver could rise to$19.90 and $20.85.

Analysis: The technical indicators point that Silver is overbought and will give a signal to sell soon.

This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

 

[MAYZUS_rep]

06 May, 2014: Stock Markets Are Opening Trading Week Without Significant Changes

The new trading week started with a moderate growth of the main stock markets. As for the U.S, the index of economic conditions of ISM in the non-productive sphere in April increased from 53,1, to 55,2, when, at the time, analysts predicted growth of only 54,1.

The Dow Jones Industrial Average index raised 0,11% to the level of 16530,55 points, the index of the wide market, Standard & Poor's 500, increased by 0,19% and reached a level of 1884,66 points, and the index of high-tech industries, Nasdaq Composite, went into plus by 0,34% and reached a level of 4138,06 points.

The situation in Europe was not so optimistic, mainly influenced again by the conflict in Ukraine, which brings huge uncertainty to the markets. The French index, CAC 40, increased by 0,10%, the German DAX went to a minus by 0,30%. The regional STXE 600 indicator, in turn, decreased by 0,30% and was closed on a level of 336,89 points.

The investor confidence index of Sentix of the Eurozone for May, made 12,8 points against average expectations of 14,2 points. Besides that, the price index of producers of the Eurozone in March decreased by 0,20%, which coincided with average forecasts.

The price of commodities remain stable without showing any significant movements. Brent and WTI are up by around 0,11% and are traded on prices of $107,23 and $98,84 per barrel. Gold adds 0,20%, traded on a level of $1311,94 per troy ounce. Silver is up 0,40%, bargaining next to the level of $19,65 per troy ounce.

The Asian markets are less active due to the celebration of a national holiday. Today, attention should be paid to the index of business activity in the services sector of Germany, Great Britain and the Eurozone. Also, later on data on retails sales in the Eurozone will be published.

 

[MAYZUS_rep]

MAYZUS Daily Technical Levels


EUR/USD - during the day there is a risk of a technical correction

Our turning point is the level of 1.39400

Our preference: Sell the EUR/USD above the level of 1.39400 with the key targets being: 1.3900, 1.38700 and 1.38400.

Alternative scenario: If the resistance level of 1.39400 is breached up with success, then the pair could rise to 1.39560, 1.39750.

Analysis: The technical indicator point that the EURUSD pair is overbought.

This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

MAYZUS Daily Technical Levels


GBP/USD – during the day there is a risk of a technical correction

Our turning point is the level of 1.69800

Our preference: Sell the GBP/USD pair below the level of 1.69500, with the nearest targets being 1.69300, 1.69000.

Alternative scenario: If the level of 1.68500 is breached up with success, then the pair could rise to 1.7000 and 1.70250.

Analysis: The technical indicators point that the GBP/USD pair is overbought.

This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

MAYZUS Daily Technical Levels


USD/JPY – growth is possible

Our turning point is the level of 101.850

Our preference: Buy the USD/JPY pair below the level of 102.200, with the nearest targets being 102.500, 102.700, 103.000.

Alternative scenario: If the support level of 101.500 is breached down with success, then the pair could drop to 101.500, 101.300.

Analysis: The technical indicators point that the USD/JPY pair is oversold and will give a signal to buy soon.

This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

MAYZUS Daily Technical Levels


AUD/USD – during the day there is a risk of a technical correction

Our turning point is the level of 0.93200

Our preference: Sell the pair below the level of 0.92900, with the nearest targets being 0.92750, 0.92500.

Alternative scenario: If the resistance level of 0.93200 is breached up with success, then the pair could rise to the following levels: 0.93480 and 0.93650.

Analysis: The technical indicators gave a signal to sell the AUD/USD pair.

This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

MAYZUS Daily Technical Levels


XAU/USD – during the day there is a risk of a technical correction

Our turning point is the level of $1315

Our preference: Sell Gold below the level of $1305, with the nearest targets being $1299 and $1294.

Alternative scenario: If the resistance level of $1315 is breached up with success, then Gold could rise to $1325 and $1330.

Analysis: The technical indicators gave a signal to sell Gold.

This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

MAYZUS Daily Technical Levels


XAG/USD – during the day there is a risk of a technical correction

Our turning point is the level of $19.70

Our preference: Sell Silver below the level of $19.50, with the nearest levels being $19.250, $19.00.

Alternative scenario: If the resistance level of $19.70 is breached up with success, then Silver could rise to $19.90 and $20.85.

Analysis: The technical indicators gave a signal to sell Silver.

This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

 

[MAYZUS_rep]

07 May 2014: Third Session In A Row, Trading Takes Place In The Red Territory


One more trading day in the stock markets finished in the red zone. European indices closed the day in negative territory, despite the positive statistics on retail sales in the Eurozone. The escalation of the conflict in the Ukraine is still having a serious effect not only on the development in the emerging markets, but also in all the European countries.


As a result, the British index, FTSE 100, lost 0,35%, the French CAC 40 decreased by 0,78% and the German DAX went to a minus by 0,65%. The regional STXE 600 indicator decreased, in turn, by 0,30%, and was closed on a level of 336,04 points.


The European stock markets are decreasing for the third day in a row, even though yesterday published data on retail sales in the region increased in March by 0,3%, whereas analysts expected the indicator to fall 0,2%. In the meantime, the index of business activity in services sector of Germany decreased from 55,0 points in March, to 54,7 points in April.


The American stock market continued to follow the pessimistic moods of the European platforms. The Dow Jones Industrial Average index went down 0,78% to the level of 16401,02 points, the index of the wide market, Standard & Poor's 500, decreased by 0,90% and reached a level of 1867,72 points, and the Nasdaq Composite index went to a minus on 1,38%, and reached a level of 4080,76 points.


Interesting movement was observed in the development of the prices of oil, where the quotations were influenced by the news regarding oil production renewal in Libya. This morning, Brent is up by 0,24% and is traded on a level of $106,75 perr barrel, having dropped from the level of $108,00 yesterday. In the meantime, WTI is up by 0,65% and has reached a level of $99,29 per barrel.


Prices of precious metals are also moving in a positive direction, gold adding 0,16%. Investing in gold would cost you $1310,70 per troy ounce, whilst Silver is up 0,08% and is bargaining on a price of $19,66 per troy ounce.

 

[MAYZUS_rep]

MAYZUS Daily Technical Levels

EUR/USD - during the day there is a risk of a technical correction

Our turning point is the level of 1.39500
Our preference: Sell the EUR/USD below the level of 1.39300 with the key targets being: 1.39150, and 1.38950.
Alternative scenario: If the resistance level of 1.39500 is breached up with success, then the pair could rise to 1.39650, and 1.39900.
Analysis: The technical indicators will give a signal to sell the EUR/USD pair soon.
This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

GBP/USD – during the day there is a risk of a technical correction
Our turning point is the level of 1.7000
Our preference: Sell the GBP/USD pair below the level of 1.69500, with the nearest targets being 1.69200, and 1.68800.
Alternative scenario: If the level of 1.69800 is breached up with success, then the pair could rise to 1.70350 and 1.70725.
Analysis: The stochastic indicator gave a signal to sell the GBP/USD pair.
This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

USD/JPY – growth is possible
Our turning point is the level of 101.700
Our preference: Buy the USD/JPY pair above the level of 102.000, with the nearest targets being 102.200, 102.500.
Alternative scenario: If the support level of 101.700 is breached down with success, then the pair could drop to 101.500, and 101.00.
Analysis: The stochastic indicator gave a signal to buy.
This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

MAYZUS Daily Technical Levels

AUD/USD – during the day there is a risk of a technical correction
Our turning point is the level of 0.9400
Our preference: Sell the pair below the level of 0.93650, with the nearest targets being 0.93400, and 0.93200.
Alternative scenario: If the resistance level of 0.9400 is breached up with success, then the pair could rise to the following levels: 0.94250 and 0.94500.
Analysis: The stochastic indicator gave a signal to sell the AUD/USD pair.
This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

XAU/USD – growth is possible
Our turning point is the level of $1285
Our preference: Buy Gold above the level of $1295, with the nearest targets being $1300, $1304 and $1310.
Alternative scenario: If the support level of $1285 is breached down with success, then Gold could drop to $1280 and $1275.
Analysis: The technical indicators gave a signal to buy Gold.
This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

XAG/USD – growth is possible
Our turning point is the level of $19.20
Our preference: Buy Silver above the level of $19.350, with the nearest levels being $19.50, and $19.70.
Alternative scenario: If the support level of $19.200 is breached down with success, then Silver could drop to $19.00 and $18.85.
Analysis: The technical indicators point that Silver is oversold.
This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

 

[MAYZUS_rep]

09 May, 2014: Comments Of Draghi Sent EUR/USD Down

Yesterday, investors were focusing on the meeting of the European Central Bank, which strongly affected the Euro's position in relation to main currencies. The ECB kept the interest rate on the same level of 0,25%, but during the press conference, Mario Draghi hinted that it was possible that interest rates could lower next month.

This had an immediate effect on the euro. The EUR/USD dropped from its maximum level over the past 3,5 years, 1,3993, to the minimum of the week, on the level of 1,3848. This morning, the EUR/USD currency pair is traded on a level of 1,3826.

In the U.S, data was presented on the primary requests for unemployment benefits, which appeared to be substantially better than expectations, making 319 thousand, dropping from 345 thousand last month. Analysts were expecting the number to be on 325 thousand.

As a result, the Dow Jones Industrial Average index grew by 0,20% to the level of 16550,97 points, the S&P 500 index lost 0,14% and reached a level of 1875,63 points, and the Nasdaq Composite index decreased by 0,40%, to 4051,50 points.

Prices of commodities are stable and are moving, but without a significant change. Brent and WTI are up 0,84% and 0,83% accordingly, traded on levels of $108,39 and $100,36 per barrel. Gold is up 0,23% and is bargaining on a price of $1290,67 per troy ounce. Silver is adding 0,27% and is traded on a level of $19,19 per troy ounce.