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WEEKLY AND DAILY ANALYSIS

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Re: WEEKLY AND DAILY ANALYSIS

Postby Ajawed » Tue Jan 08, 2013 10:02 am

January 8, 2013

Euro rose (+0.4%) as investors placed their bets on the ECB leaving rates unchanged at the first policy meeting of 2013. Meanwhile spot gold (-0.5%) continued to draw mixed signals in the aftermath of the payrolls report & FOMC minutes.

To get today’s forex analysis visit: http://www.ikonmarkets.com/daily-reports/2013/01/08/
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Economic Calendar (8-1-2013)
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EURO IN RESISTANCE LEVELS

Postby mauriforex » Tue Jan 08, 2013 7:48 pm

Good evening,

european stock markets opened and closed this session near the previous level, and always waiting for the euro decisions of thursday.
The dollar reacts on the supports; Japanese Yen continues its technical recovery phase; Gold and Silver are still in an unclear short-term situation.

ANALYSIS

Eur/Aud: The weakness of the euro produced a short pin bar in 1,2530 key level. Now we could see a continuation of the short term down movement, after the break of the bearish flag, with first target on 1,2330 area and then 1,2170 level.
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See you tomorrow!
Maurizio
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ECB AND BOE: MARKET IS WAITING

Postby mauriforex » Wed Jan 09, 2013 8:19 pm

Good evening,

the good data of industrial production in Germany (+0.2% in November) pushes up the equity markets that "see" the next ECB meeting of tomorrow in which, according to most analysts, there won't be some change in the interest rate and monetary policy.
We had a bullish session for the US dollar and weakness for Gold, Silver and Copper. Meanwhile it's continuing the bearish movement for Natural Gas.

ANALYSIS
Ngas: natural gas is on a clear downward movement of short/medium term and, right in today's session, broke down the support level at $ 3.160. The trend is obvious and linear and therefore I will wait for a possible pullback up to the broken level to find an interesting Sell opportunity Sell with first target at $ 3.050 and then $ 2.950 .
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Greetings to everybody!
Maurizio
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Re: WEEKLY AND DAILY ANALYSIS

Postby Ajawed » Thu Jan 10, 2013 10:07 am

January 10, 2013

Crude futures (February 2012) on Wednesday made an intra‐day high of US$93.62/bbl and made an intraday low of US$92.66/bbl and settled up by 0.107% at US$93.21/bbl on session close.

Technical in Focus:

In daily charts, oil is sustaining below its 100DMA i.e 91.07, which is a very strong resistance and breakage above will lead to 91.70-92.80. MACD is above zero line and histograms are in increasing mode will bring bullish stance in the upcoming sessions. The Stochastic Oscillator is now in neutral territory but signaling to buy as it gave positive crossover for confirmation to bullish stance; while the RSI is in neutral region.


We prefer to stick to a restrictive stance at present. It would require a decisive break above the trend line resistance at 94.50 to shift our outlook to a neutral stance. In the near-term, a break above the trend line (94.50) would clear the way to challenge Sep'12 high around 99 – 100.42. On the downside, selling forces would gain control on break below 90.61 for 85.90. Today, failure to overcome 93.57 – 93.80 area can invoke weakness toward 92.66 – 92.60 and 91.87.

To get analysis on Gold, Silver, EUR, GBP & USD visit: http://ikonmarkets.com/daily-reports/2013/01/10/
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BCE AND BOE: NO CHANGE!

Postby mauriforex » Thu Jan 10, 2013 7:39 pm

Good evening,

as expected: the Bank of England kept interest rate unchanged at 0.50% (and buying assets at 375 billion pounds) as well as the ECB which left its rate at 0.75%.
The initial jobless claims in the U.S. was higher than analysts foresaw and rose to 371k vs 365k expected.
Stock indices remained at the same level of the previous session (Italian index had a better performance) while, in the Forex market, we had a weak day for US Dollar and a strong one for commodities (especially for Gold and Silver).

ANALYSIS
Usd/Yen: after two days of retracement, Japanese Yen is still weak against the USD and the currency pair goes up. The break up of 88.40 area could accelerate the upward movement until the next major resistance level at 89.50 where we have the take profit of out Long position!
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WEEKLY VIDEO ANALYSIS

Postby mauriforex » Fri Jan 11, 2013 10:20 pm

Good evening,

this week started with little volatility and without very important economic news however it's ending with a strong wave of risk and high yield currency purchase (after the ECB announcement on Thursday). Several currency pairs reached important price levels and you can see some interesting opportunities in my Weekly Video Outlook.
http://www.youtube.com/watch?v=wr0LZk5hJqo&feature=youtu.be

Happy weekend to everybody and see you next Monday!
Maurizio
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Re: WEEKLY AND DAILY ANALYSIS

Postby mauriforex » Mon Jan 14, 2013 8:02 pm

Good evening,

today, without very important economic data, stock indices started the week positively and then got weaker in the course of the session.
Waiting for Mr.Ben Bernanke's speech, the U.S. dollar remains in the same range of previous days as well as the main commodities.

ANALYSIS
Copper: after another test of the key level $ 3.710, the price reacted with 2 bearish candles, breaking out during the session the support zone in $ 3.650. Price action shows a clear strength of the sellers that could push down the price to the area $ 3.535 firstly and $ 3.440 after.
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Have a nice trading and see you tomorrow!
Maurizio Orsini
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US DOWNGRADE?

Postby mauriforex » Tue Jan 15, 2013 7:41 pm

Good evening,

after the speech of Bernanke and Obama, about the confirmation of the Fed's monetary expansion and the problem of the debt limit, the markets had a negative session caused by the Fitch warning of a US downgrade.
The U.S. dollar, originally affected by Bernanke's words, reacted with all currencies (except the yen) in the second part of the session and after the good Retail Sales and PPI data.
Euro has been weak due to the publication of the German Consumer Price Index and GDP data (both lower than expected).
The upmove of precious metals continues, reaching interesting buying levels (especially Silver).

ANALYSIS
Usd/Yen: today I closed a good deal in profit at the beginning of the bearish technical correction. Japanese Yen still remains a weak currency with a devaluation outlook, so I still see a Long scenario and I’ll wait a possible retracement to the support area at 88.10 or, it would be better, 87 to find an interesting setup of my trading system.
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Greetings to everybody, see you tomorrow!
Maurizio Orsini
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Re: WEEKLY AND DAILY ANALYSIS

Postby Ajawed » Wed Jan 16, 2013 10:52 am

euro 16-1-13.gif
EUR
euro 16-1-13.gif (18.25 KiB) Viewed 280 times
January 16, 2013


EUR/USD on Tuesday made an intra‐day low of US$ 1.3263/EUR and made an intraday high of US$1.3393/EUR and settled the day 0.560% down at US$1.3305/EUR on session close.

Technical in Focus:
In daily charts, prices are sustaining above 200DMA (1.2780), which become strong support level, break below will target 1.2545-1.2460. MACD has crossed zero line and now giving a buy signal. Stochastic has entered in overbought territory but giving positive signal to give bullish outlook for intraday.

The pair is trading below 1.3310 levels, and it's possible to see a deeper downside correction, yet the general bullish move remains valid and didn't confirm its end. Stochastic offers negative crossover supporting the possible negativity during today's session. Breaching 1.3360 levels weakens the bearish correction.


To get analysis on Gold, Silver, Oil, GBP & USD visit: http://www.ikonmarkets.com/daily-reports/2013/01/16/
Ajawed
 
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DAILY VIDEO ANALYSIS

Postby mauriforex » Wed Jan 16, 2013 8:25 pm

Good evening,

stock markets had a weak first part of the session, as seen yesterday, inverting the trend in the second half. Different news from Europe and USA affected not only equity markets, but even Euro which confirms its indecision with almost all major currencies.
The U.S. dollar is strengthening as well as Japanese Yen, Gold and Silver.
Good session for WTI Crude Oil which retested $93 area rebounding up to $94 (note that tomorrow the monthly contract of this Cfd will expire!).
I prepared a daily video analysis to show you all my open positions and other interesting opportunities!
http://www.youtube.com/watch?v=OJfxVjrENTw&feature=youtu.be

Have a nice trading!
Maurizio Orsini
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