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COZfx: Yen stronger in light Asian trade

Discussion in 'Analisa Fundamental' started by harryer, Dec 24, 2013.

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  1. harryer

    harryer Member

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    COZforex: The Japanese yen traded stronger in early Asian trade on Monday.

    USD/JPY traded at 104.03 down 0.02%, with the Tokyo market lightly staffed on a public holiday. COZFX strategist Nigel Boynton said, USD/JPY is predicted to find support at 103.70, and a decline through could take it to the next support line of 103.38. Meanwhile, the pair is predicted to find its first resistance at 104.50, and a rise through could take it to the next resistance line of 104.97.

    Following a two-day meeting, the Bank of Japan on Friday kept its pledge to expand the monetary base by an annual JPY60 trillion to JPY70 trillion, in line with expectations.

    In the US, the economy registered its best growth since 2011, to a healthy annual rate of 4.1% in the third quarter of 2013, higher than the previous estimate of a 3.6% growth and higher compared to the 2.5% growth in the Q2 2013.

    This week the trading volumes are expected to remain light due to the Christmas holiday. The Fed announced on Wednesday that it would reduce its USD85 billion-a-month bond buying program by USD10 billion in January. In his last press conference as Fed Chairman Ben Bernanke said the economy was continuing to make progress.

    The US central bank reiterated that interest rates are likely to remain low even after the unemployment rate declines below 6.5%, the threshold at which the Fed has previously said it would start to consider rate increases.

    Coming up on Monday, the US is to produce government data on personal spending and expenditure, while the University of Michigan is to release revised data on consumer sentiment and inflation expectations.


    (COZ forex UK)
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  2. commexfx

    commexfx Member

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    Daily Outlook 9-05-2014
    The Euro (1.3837)
    has fallen off forcefully from a high close to 1.3994 on Draghi’s clues of maneuvering in June. The absence of take after-through purchasing over 1.3967 emulated by the fall beneath 1.3900 could be an indication of longer term shortcoming, however a break underneath 1.3780 is required to affirm.

    The Pound (1.6918) keeps up relative quality over 1.6900 despite the fact that it has been seeing benefit-taking from 1.6996 throughout the most recent three days. The medium-term pattern stays up, however Support at 1.6880 needs to hold today keeping in mind the end goal to maintain a strategic distance from a dip towards 1.6780 one week from now. The EUR-GBP (0.8178) keeps on falling and debilitates to break underneath past low close to 0.6158.

    Dollar-Yen (101.70) has been discovering Trendline Support simply over 101.35 this week however needs to climb past 102.20 so as to restore quality in the more extended term bullish pattern. Else, there may be close-term risk of a break beneath 101.35 which could prompt a test of more significant long haul-Support at 100.70. Be that as it may, that the Euro-Yen (140.73) has fallen off pointedly from 142.36 (on the Euro’s fall) will make it hard for Dollar-Yen to climb altogether.

    The Aussie (0.9359) is seeing some benefit-taking simply underneath 0.94, however has paramount Support at 0.9340. It keeps on lookking generally solid against the Euro, Yen and Pound along these lines may have the capacity to stand moderately firm against the Dollar also.

    Gold (1289.555) dropped pointedly as safety close to 1315.32 holds well. The increases in values have checked interest for the metal as it exchanges more level for the third continuous session. Essential Support in the 1290-1279 area may help it to skip towards 1325. In any case, a break beneath 1279, if seen, could bring a tumble to 1260 on the downside.
  3. commexfx

    commexfx Member

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    Daily Outlook 19-05-2014
    Dollar-Yen (101.52) continues exchanging close to the significant help zone of 101.30-20 and a break beneath 101.20 may drag it down to the following long haul backing close to 101.70-60.
    The Euro-Yen (139.24) is in an affirmed significant downtrend now. It is trying a paramount trendline Support here and could organize a bit of a skip. In any case unless Resistance at 140 is broken, there could be risks of further tumble to test 200-day MA at 137.94.
    The Euro (1.3707) is attempting to skip from the significant trendline help at 1.3646. Expect close term Support at 1.3690 and endeavors to climb towards 1.3760 while Support at 139.25 hangs on the Euro-Yen.
    The Pound (1.6827) has ricocheted pointedly from 1.6731 and this keeps the long haul uptrend in place. AA break beneath 1.6730 could discredit the uptrend and a dip to sub-1.6600 levels might be on cards then.
    The Aussie (0.9364) for sure saw a dip to 0.9327 as dreaded, yet appears to be uniting sideways, not confronting any solid offering weight. Paramount/ solid Support at 0.9314 can keep the general uptrend in place with possibilities of 0.95+ this week.
    Gold (1294.29) and Silver (19.464) are steady. Gold may extend in the 1280-1300 areas for quite a while before climbing over 1300 keeping in mind beneath 1315, downtrend stays in power. Silver is uniting sideways while underneath 19.6. There are risks that the metals may remain reach bound in the close term.
  4. commexfx

    commexfx Member

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    Last week low Pairs are Nearly to get important supports.
    Dollar-Yen (101.54) quickly broke underneath the real help zone of 101.30-20 to make a low at 101.10 preceding bobbing back. It is an extremely pivotal time as the bears must push it down to the following long haul help at 100.70-60 or else they may run the danger of a sudden upward move whenever
    The Euro-Yen (139.24) is in an affirmed significant downtrend now. It is trying a paramount trendline Support here and could organize a bit of a skip. Anyway unless Resistance at 140 is broken, there could be risks of further tumble to test 200-day MA at 137.94.
    The Euro (1.3713) is attempting to skip from the real trendline help at 1.3646. Expect close term Support at 1.3690 and endeavors to climb towards 1.3760 while Support at 139.25 hangs on the Euro-Yen.
    The Pound (1.6817) has skiped strongly from 1.6731 and keeps the long haul uptrend in place. A break beneath 1.6730 could refute the uptrend and afterward a dip to sub-1.6600 levels might be on cards.
    The Aussie (0.9306) is trying the more level end of its 2-week extent of 0.93-0.94. Just a break underneath 0.9280-70 will invalidate the bullish probability yet a ricochet from here may in any case take it to 0.95+.
    Gold (1294.16) and Silver (19.377) keeps on remainning ran inside 1280-1315 and 19-19.7 areas separately. Unless a break from these zones the metals may keep up the sideways combining for a couple of more sessions. General the long haul downtrend is in energy.
  5. commexfx

    commexfx Member

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    Daily Outlook 21-05-2014
    Dollar-Yen (101.21) made a low at 101.10 close to the significant backing of 101.20. It is a critical time as the bears must push it down to the long haul help at 100.70-60 or else they may run the danger of a sudden upward move whenever.
    The Euro-Yen (138.70) is in an affirmed significant downtrend now. It is trying an essential Support here around 138.70-30 and could endeavor a bit of a skip. At the same time unless Resistance at 140 is broken, there could be risks of further tumble to test 200-day MA at 137.94 or considerably lower towards 136.
    The Euro (1.3702) is demonstrating no confirmation of quality significantly in the wake of holding over the backing of 1.3650. Despite the fact that the likelihood of ascent still makes due over 1.3650, expect more vertical fall towards sub-1.35 on a break underneath 1.3650.
    The Pound (1.6840) has skiped forcefully from 1.6731 and keeps the long haul uptrend in place. However a break beneath 1.6730 could discredit the uptrend and after that a dip to sub-1.6600 levels would be on cards.
    The Aussie (0.9233) has broken beneath 0.93 forcefully and presently testing the significant help territory of 0.9200-0.9150. However the current structure indications at conceivable downmove towards 0.8950 on a break beneath 0.9150.
    Gold (1294.149) and Silver (19.432) are stable for now and may continue to remain ranged but are currently testing channel resistance near current levels. The Gold-Silver ratio (66.55) has been overall rising since mid-Feb’2014 and may target higher towards 67.50 in the near term. This may suggest a near term rise in Gold while Silver may remain range-bound. Overall long term trend is down.

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