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Daily Market Outlook by Commexfx

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Daily Outlook 2-07-2014

Postby CommexFX » Wed Jul 02, 2014 8:45 am

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 2-07-2014

Postby CommexFX » Wed Jul 02, 2014 8:52 am

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

Postby CommexFX » Thu Jul 03, 2014 8:17 am

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 3-07-2014

Postby CommexFX » Thu Jul 03, 2014 8:19 am

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

Postby CommexFX » Fri Jul 04, 2014 8:08 am

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/
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Re: Daily Market Outlook by Commexfx

Postby CommexFX » Tue Jul 08, 2014 6:51 am

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.
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Daily Outlook 14-07-2014

Postby CommexFX » Mon Jul 14, 2014 7:26 am

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.
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Daily Outlook 28-07-2014

Postby CommexFX » Mon Jul 28, 2014 7:30 am

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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Re: Daily Market Outlook by Commexfx

Postby CommexFX » Tue Aug 12, 2014 8:21 am

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.
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Re: Daily Market Outlook by Commexfx

Postby CommexFX » Wed Aug 13, 2014 6:02 am

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.
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