Items Tag - Forex 24x7

Weekly Forex Market Forecast (May 21st – May 25th 2012)

By Michael Trinkle, ForexTraders Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of May 21st – May 25th, with release times displayed for the GMT time zone. The list also includes the current market consensus forecast for each event and indicates what sort of deviation might affect the forex market valuation of the indicated currency positively. Monday, May 21st

All Day CAD Bank Holiday

Tuesday, May 22nd

4:00am NZD Inflation Expectations q/q 2.5% 9:30am GBP CPI y/y 3.1% 3.5% 9:30am GBP Public Sector Net Borrowing -5.4B 15.9B Tentative GBP BOE Inflation Letter 3:00pm USD Existing Home Sales 4.64M 4.48M

Wednesday, May 23rd

Tentative JPY Monetary Policy Statement Tentative JPY Overnight Call Rate <0.10% <0.10% Tentative JPY BOJ Press Conference 9:30am GBP MPC Meeting Minutes 0-0-9 0-0-9 9:30am GBP Retail Sales m/m -0.7% 1.8% 1:30pm CAD Core Retail Sales m/m 0.6% 0.5% 3:00pm USD New Home Sales 335K 328K

Thursday, May 24th

3:00am NZD Annual Budget Release 3:30am CNY HSBC Flash Manufacturing PMI 49.3 9:00am EUR German Ifo Business Climate 109.5 109.9 9:30am GBP Revised GDP q/q -0.2% -0.2% 1:30pm USD Core Durable Goods Orders m/m 1.2% -0.8% 1:30pm USD Unemployment Claims 374K 370K

Friday, May 25th

Tentative USD Treasury Currency Report

Technical Forecast and Levels to Watch for the Majors This Week EURUSD: Mildly Higher Resistance:Initial: 1.2886, 1.2904, 1.2946/94, 1.3000/55, 1.3133/59, 1.3211/24, 1.3251, 1.3269, 1.3284/92, 1.3321, 1.3376/85, 1.3433 and 1.3485/95.Above: 1.3546/68, 1.3614, 1.3795/98, 1.3836, 1.3969, 1.4000, 1.4246, 1.4500/17, 1.4695 and 1.4939. Support:Initial: 1.2857/77, 1.2623/65, 1.2588, 1.2456, 1.2329, 1.1938 and 1.1876.Below: 1.1639, 1.0762, 1.0206, 0.9599/0.9607, 0.9338, 0.8410, 0.8347 and 0.8225. USDJPY: Mildly Higher Resistance:Initial: 79.05, 79.40/43, 79.52, 79.64, 79.96/80.22, 80.56/61, 80.82, 81.14/46, 81.76/96, 82.01/22, 82.53, 82.64, 83.01/09, 83.17, 83.37, 83.77 and 83.96.Above: 84.09/17, 84.51, 84.80, 85.51, 85.92, 87.11/13, 87.95, 93.77 and 94.97. Support:Initial: 78.99, 78.66, 78.06/28, 77.00/89, 76.73/83 and 76.02/41.Below: 75.94/98, 75.70 and 75.56. GBPUSD: Mildly Higher Resistance:Initial: 1.5890, 1.5907, 1.5921/27, 1.5983/90, 1.6035, 1.6061/66, 1.6075/80, 1.6092, 1.6109, 1.6182/98, 1.6297, 1.6301, 1.6452/56 and 1.6474.Above: 1.6546, 1.6570, 1.6589/98, 1.6616, 1.6741/45 and 1.6876. Support:Initial: 1.5804/07, 1.5781, 1.5732, 1.5717, 1.5685/91, 1.5668, 1.5643/47, 1.5624/29, 1.5601 and 1.5516/85.Below: 1.5465/99, 1.5422, 1.5410, 1.5375, 1.5293, 1.5270/77, 1.5232, 1.5123 and 1.5000. AUDUSD: Mildly Higher Resistance:Initial: 0.9861/63, 0.9900, 0.9925/83, 1.0000/18, 1.0052, 1.0100/16, 1.0216/66, 1.0303/84, 1.0422, 1.0444/51, 1.0474/98, 1.0508, 1.0556, 1.0596, 1.0608, 1.0627/38, 1.0654, 1.0668/70 and 1.0686.Above: 1.0751/53, 1.0792/98, 1.0842, 1.0854, 1.1010, 1.1064 and 1.1079. Support:Initial: 0.9794, 0.9732, 0.9620/89, 0.9536/41, 0.9500 and 0.9486.Below: 0.9382/86, 0.9341, 0.9329, 0.9221, 0.8915, 0.8734, 0.8578 and 0.8066/81. USDCAD: Mildly Lower Resistance:Initial: 1.0220/32, 1.0262/87, 1.0297, 1.0302 and 1.0334/37.Above: 1.0415/23, 1.0438, 1.0481, 1.0500, 1.0506, 1.0522, 1.0646/56, 1.0669 and 1.0742/85. Support:Initial: 1.0207, 1.0160/99, 1.0105/42, 1.0018/78, 0.9997, 0.9969, 0.9947/54, 0.9924/27, 0.9906, 0.9828/99, 0.9799, 0.9796, 0.9789 and 0.9724.Below: 0.9686, 0.9645, 0.9525, 0.9445 and 0.9405. NZDUSD: Mildly Higher Resistance:Initial: 0.7568, 0.7605/72, 0.7723/95, 0.7804/88, 0.7906, 0.7955, 0.7979, 0.7993/96, 0.8057/99, 0.8109/35, 0.8204, 0.8227, 0.8240/62, 0.8279 and 0.8294.Above: 0.8317/95, 0.8405, 0.8420/27, 0.8504, 0.8571, 0.8764 and 0.8841. Support:Initial: 0.7552, 0.7521, 0.7500, 0.7404/67, 0.7369, 0.7342, 0.7321, 0.7189, 0.7115, 0.7099 and 0.7000.Below: 0.6945/62, 0.6793, 0.6686, 0.6560, 0.5914/28, 0.5012, 0.4890, 0.4485, 0.4451 and 0.3909. More articles from ForexTraders….
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May 24 2012, 6:35pm | Comments »
Weekly Forex Market Forecast (April 2nd – April 6th 2012)

By Michael Trinkle, ForexTraders Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of April 2nd – April 6th, with release times displayed for the GMT time zone. The list also includes the current market consensus forecast for each event and indicates what sort of deviation might affect the forex market valuation of the indicated currency positively. Sunday, April 1st

1:00am CNY Manufacturing PMI (53.1, > good for currency)

Monday, April 2nd

All Day CNY Bank Holiday 1:30am AUD Building Approvals (0.6%, > good for currency) 2nd-7th GBP Halifax HPI (-0.3%, > good for currency) 7:15am CHF Retail Sales (3.2%, > good for currency) 8:30am GBP Manufacturing PMI (50.5, > good for currency) 2:00pm USD ISM Manufacturing PMI (53.3, > good for currency)

Tuesday, April 3rd

All Day CNY Bank Holiday 1:30am AUD Retail Sales (0.2%, > good for currency) 4:30am AUD Cash Rate (4.25%, > good for currency) 4:30am AUD RBA Rate Statement (hawkish = good for currency) 8:30am GBP Construction PMI (53.6, > good for currency) 6:00pm USD FOMC Meeting Minutes (hawkish = good for currency)

Wednesday, April 4th

All Day CNY Bank Holiday 1:30am AUD Trade Balance (1.12B, > good for currency) 8:30am GBP Services PMI (53.5, > good for currency) 11:45am EUR Minimum Bid Rate (1.00%, > good for currency) 12:15pm USD ADP Non-Farm Employment Change (209K, > good for currency) 12:30pm EUR ECB Press Conference (hawkish = good for currency) 2:00pm USD ISM Non-Manufacturing PMI (56.8, > good for currency)

Thursday, April 5th

7:00am CHF Foreign Currency Reserves (last 224.9B, > good for currency) 7:15am CHF CPI (0.4%, > good for currency) 8:30am GBP Manufacturing Production (0.2%, > good for currency) 11:00am GBP Asset Purchase Facility (325B, > good for currency) 11:00am GBP Official Bank Rate (0.50%, > good for currency) Tentative GBP MPC Rate Statement (hawkish = good for currency) 12:30pm CAD Building Permits (2.2%, > good for currency) 12:30pm CAD Employment Change (12.6K, > good for currency) 12:30pm CAD Unemployment Rate (7.5%, > good for currency) 12:30pm USD Weekly Initial Jobless Claims (355K, > good for currency) 2:00pm CAD Ivey PMI (64.8, > good for currency) All Day NZD Bank Holiday All Day AUD Bank Holiday

Friday, April 6th

All Day CHF Bank Holiday All Day EUR German Bank Holiday All Day GBP Bank Holiday All Day CAD Bank Holiday 12:30pm USD Non-Farm Payrolls (211K, > good for currency) 12:30pm USD Unemployment Rate (8.3%, > good for currency)

Technical Forecast and Levels to Watch for the Majors This Week EURUSD: Higher Resistance:Initial: 1.3376/85, 1.3433, 1.3485/95, 1.3546/68, 1.3614 and 1.3795/98.Above: 1.3836, 1.3969, 1.4000, 1.4246, 1.4500/17, 1.4695 and 1.4939. Support:Initial: 1.3321, 1.3284/92, 1.3251, 1.3211, 1.3186/97, 1.3133/59, 1.3055/96, 1.3000/25, 1.2946/83 and 1.2917.Below: 1.2886, 1.2857/77 and 1.2623/65. USDJPY: Mildly Lower Resistance:Initial: 83.01/09, 83.17, 83.37, 83.77, 83.96, 84.09/17, 84.51, 84.80, 85.51 and 85.92.Above: 87.11/13, 87.95, 93.77 and 94.97. Support:Initial: 82.64, 82.01/22, 81.76/96, 81.46, 81.14, 80.82, 80.58, 80.22, 80.00, 79.96, 79.83, 79.52, 79.40, 79.05, 78.66, 78.06/28.Below: 77.00/89, 76.73/83, 76.41, 76.10, 76.02, 75.94 and 75.56/70. GBPUSD: Higher Resistance:Initial: 1.6035, 1.6092, 1.6109, 1.6128, 1.6164 and 1.6192.Above: 1.6452/74, 1.6546, 1.6570, 1.6589/98, 1.6616 and 1.6745. Support:Initial: 1.5990, 1.5921/27, 1.5907, 1.5890, 1.5841, 1.5717/81, 1.5685/91, 1.5668, 1.5643/47, 1.5624/29, 1.5601 and 1.5516/85.Below: 1.5465/99, 1.5422, 1.5410, 1.5375, 1.5293, 1.5270/77, 1.5232, 1.5123 and 1.5000. AUDUSD: Higher Resistance:Initial: 1.0384, 1.0422, 1.0444, 1.0498, 1.0508, 1.0556, 1.0596, 1.0608, 1.0627/38, 1.0654, 1.0668/70 and 1.0686.Above: 1.0751/53, 1.0792/98, 1.0842, 1.0854, 1.1010, 1.1064 and 1.1079. Support:Initial: 1.0334, 1.0303, 1.0266, 1.0224/29, 1.0216 and 1.0100/16.Below: 1.0000/52, 0.9925/83, 0.9900, 0.9861/63 and 0.9732. USDCAD: Mildly Lower Resistance:Initial: 1.0018/78, 1.0105/42, 1.0160/99, 1.0207/32, 1.0262/87, 1.0297, 1.0302 and 1.0334/37.Above: 1.0415/23, 1.0438, 1.0481, 1.0500, 1.0506, 1.0522, 1.0646/56, 1.0669 and 1.0742/85. Support:Initial: 0.9947/69, 0.9924/27, 0.9906, 0.9891/99, 0.9828/79 and 0.9724/96.Below: 0.9686, 0.9645, 0.9525, 0.9445 and 0.9405. NZDUSD: Higher Resistance:Initial: 0.8204, 0.8227, 0.8240/48, 0.8256, 0.8262, 0.8279, 0.8294, 0.8339, 0.8378, 0.8395, 0.8405, 0.8420/27 and 0.8504.Above: 0.8571, 0.8764 and 0.8841. Support:Initial: 0.8115, 0.8109, 0.8135, 0.8057/99, 0.7993/96, 0.7979, 0.7955 and 0.7906.Below: 0.7804/88, 0.7723/95, 0.7605/72, 0.7568 and 0.7500/52. More articles from ForexTraders….
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April 2 2012, 6:04pm | Comments »
Weekly Forex Market Forecast (March 19th – March 23rd 2012)

By Michael Trinkle, ForexTraders Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of March 19th – March 23rd, with release times displayed for the GMT time zone. The list also includes the current market consensus forecast for each event and indicates what sort of deviation might affect the forex market valuation of the indicated currency positively. Monday, March 19th

1:00am AUD RBA Governor Stevens speaks (hawkish = good for currency)

Tuesday, March 20th

All Day JPY Bank Holiday 12:30am AUD Monetary Policy Meeting Minutes (hawkish = good for currency) 9:30am GBP CPI (3.4%, > good for currency) 12:30pm USD Building Permits (0.69M, > good for currency) 9:45pm NZD Current Account (-2.81B, > good for currency)

Wednesday, March 21st

9:30am GBP MPC Meeting Minutes (0-0-9, hawkish = good for currency) 9:30am GBP Public Sector Net Borrowing (5.2B, < good for currency) 12:30pm GBP Annual Budget Release 2:00pm USD Existing Home Sales (4.61M, > good for currency) 9:45pm NZD GDP (0.6%, > good for currency)

Thursday, March 22nd

2:30am CNY HSBC Flash Manufacturing PMI (last 49.6, > good for currency) 9:30am GBP Retail Sales (-0.5%, > good for currency) 12:30pm CAD Core Retail Sales (0.6%, > good for currency) 12:30pm USD Weekly Initial Jobless Claims (353K, < good for currency) 4:00pm EUR ECB President Draghi speaks (hawkish = good for currency)

Friday, March 23rd

11:00am CAD Core CPI (0.2%, > good for currency) 2:00pm USD New Home Sales (326K, > good for currency)

Technical Forecast and Levels to Watch for the Majors This Week EURUSD: Higher Resistance:Initial: 1.3186/97, 1.3211/91, 1.3321/62, 1.3433, 1.3485/95, 1.3546/68, 1.3614 and 1.3795/98.Above: 1.3836, 1.3969, 1.4000, 1.4246, 1.4500/17, 1.4695 and 1.4939. Support:Initial: 1.3145/59, 1.3055/96, 1.3000/25, 1.2946/83 and 1.2917.Below: 1.2886, 1.2857/77 and 1.2623/65. USDJPY: Mildly Lower Resistance:Initial: 83.77, 83.96, 84.17, 84.51, 84.80, 85.51 and 85.92.Above: 87.11/13, 87.95, 93.77 and 94.97. Support:Initial: 83.17, 83.09, 82.77, 82.64, 82.01/22, 81.76/86, 81.46, 81.14, 80.82, 80.58, 80.22, 80.00, 79.96, 79.83, 79.52, 79.40, 79.05, 78.66, 78.06/28.Below: 77.00/89, 76.73/83, 76.41, 76.10, 76.02, 75.94 and 75.56/70. GBPUSD: Higher Resistance:Initial: 1.5860/90, 1.5927, 1.5990, 1.6092, 1.6109, 1.6128, 1.6164 and 1.6192.Above: 1.6452/74, 1.6546, 1.6570, 1.6589/98, 1.6616 and 1.6745. Support:Initial: 1.5717/81, 1.5685/91, 1.5668, 1.5643/47, 1.5624/29, 1.5516/85, 1.5465/99, 1.5422, 1.5410 and 1.5375Below: 1.5293, 1.5270/77, 1.5232, 1.5123 and 1.5000. AUDUSD: Higher Resistance:Initial: 1.0596, 1.0608, 1.0627/38, 1.0654, 1.0668/70, 1.0686, 1.0751/53, 1.0718, 1.0792, 1.0798, 1.0842 and 1.0854.Above: 1.1010, 1.1064 and 1.1079. Support:Initial: 1.0508, 1.0498, 1.0472, 1.0444, 1.0422, 1.0384, 1.0303, 1.0266, 1.0224/29, 1.0216 and 1.0100/16.Below: 1.0000/52, 0.9925/83, 0.9900, 0.9861/63 and 0.9732. USDCAD: Mildly Lower Resistance:Initial: 0.9924/27, 0.9947, 0.9958/69, 0.9980, 1.0018/78, 1.0105/42, 1.0160/99, 1.0207/32, 1.0262/87, 1.0297, 1.0302 and 1.0334/37.Above: 1.0415/23, 1.0438, 1.0481, 1.0500, 1.0506, 1.0522, 1.0646/56, 1.0669 and 1.0742/85. Support:Initial: 0.9906, 0.9891/99, 0.9828/79 and 0.9724/96.Below: 0.9686, 0.9645, 0.9525, 0.9445 and 0.9405. NZDUSD: Higher Resistance:Initial: 0.8240/48, 0.8256, 0.8262, 0.8279, 0.8294, 0.8339, 0.8378, 0.8395, 0.8405, 0.8420/27 and 0.8504.Above: 0.8571, 0.8764 and 0.8841. Support:Initial: 0.8204, 0.8109/90, 0.8060/99, 0.7993/96, 0.7979, 0.7955 and 0.7906.Below: 0.7804/88, 0.7723/95, 0.7605/72, 0.7568 and 0.7500/52. More articles from ForexTraders….
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March 20 2012, 6:38pm | Comments »
Weekly Forex Market Forecast (March 12th – March 16th 2012)

By Michael Trinkle, ForexTraders Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of March 12th – March 16th, with release times displayed for the GMT time zone. The list also includes the current market consensus forecast for each event and indicates what sort of deviation might affect the forex market valuation of the indicated currency positively. Sunday, March 11th

7:00am USD and CAD Daylight Saving Time Shift

Monday, March 12th

6:00pm USD Federal Budget Balance (-229.3B expected, > good for currency) 11:50pm JPY Tertiary Industry Activity (0.4% expected, > good for currency)

Tuesday, March 13th

12:30am AUD Home Loans (0.0% expected, > good for currency) Tentative JPY Monetary Policy Statement (hawkish = good for currency) Tentative JPY Overnight Call Rate (<0.10% expected, > good for currency) Tentative JPY BOJ Press Conference (hawkish = good for currency) 10:00am EUR German ZEW Economic Sentiment (11.2 expected, > good for currency) 12:30pm USD Core Retail Sales (0.8% expected, > good for currency) 12:30pm USD Retail Sales (1.1% expected, > good for currency) 6:15pm USD FOMC Statement (hawkish = good for currency) 6:15am USD Federal Funds Rate (<0.25% expected, > good for currency)

Wednesday, March 14th

9:30am GBP Claimant Count Change (7.0K expected, < good for currency) 2:00pm USD Fed Chairman Bernanke Speaks (hawkish = good for currency)

Thursday, March 15th

8:30am CHF Libor Rate Decision (<0.25% expected, > good for currency) 8:30am CHF SNB Monetary Policy Assessment (hawkish = good for currency) 12:30pm USD PPI (0.5% expected, > good for currency) 12:30pm USD Weekly Initial Jobless Claims (357K expected, < good for currency) 1:00pm USD TIC Long-Term Purchases (29.3B expected, > good for currency) 2:00pm USD Philly Fed Manufacturing Index (11.8 expected, > good for currency)

Friday, March 16th

12:30pm USD Core CPI (0.2% expected, > good for currency) 1:55pm USD Preliminary University of Michigan Consumer Sentiment (75.7 expected, > good for currency)

Technical Forecast and Levels to Watch for the Majors This Week EURUSD: Mildly Lower Resistance:Initial: 1.3145/59, 1.3197, 1.3211/91, 1.3321/62, 1.3433, 1.3485/95, 1.3546/68, 1.3614 and 1.3795/98.Above: 1.3836, 1.3969, 1.4000, 1.4246, 1.4500/17, 1.4695 and 1.4939. Support:Initial: 1.3055/96, 1.3000/25, 1.2946/83 and 1.2917.Below: 1.2886, 1.2857/77 and 1.2623/65. USDJPY: Mildly Higher Resistance:Initial: 82.64, 82.77, 83.09, 83.77, 83.96, 84.51, 84.80, 85.51 and 85.92.Above: 87.11/13, 87.95, 93.77 and 94.97. Support:Initial: 82.01/22, 81.76/86, 81.46, 81.14, 80.82, 80.58, 80.22, 80.00, 79.96, 79.83, 79.52, 79.40, 79.05, 78.66, 78.06/28.Below: 77.00/89, 76.73/83, 76.41, 76.10, 76.02, 75.94 and 75.56/70. GBPUSD: Mildly Lower Resistance:Initial: 1.5685/91, 1.5717/81, 1.5868/90, 1.5927, 1.5990, 1.6092, 1.6109, 1.6128, 1.6164 and 1.6192.Above: 1.6452/74, 1.6546, 1.6570, 1.6589/98, 1.6616 and 1.6745. Support:Initial: 1.5668, 1.5643/47, 1.5624/29, 1.5516/85, 1.5465/99, 1.5422, 1.5410 and 1.5375Below: 1.5293, 1.5270/77, 1.5232, 1.5123 and 1.5000. AUDUSD: Mildly Higher Resistance:Initial: 1.0596, 1.0608, 1.0627/38, 1.0654, 1.0668/70, 1.0686, 1.0751/53, 1.0718, 1.0792, 1.0798, 1.0842 and 1.0854.Above: 1.1010, 1.1064 and 1.1079. Support:Initial: 1.0508, 1.0498, 1.0444, 1.0384, 1.0303, 1.0266, 1.0224/29, 1.0216 and 1.0100/16.Below: 1.0000/52, 0.9925/83, 0.9900, 0.9861/63 and 0.9732. USDCAD: Mildly Lower Resistance:Initial: 0.9924/27, 0.9958/69, 0.9980, 1.0018/78, 1.0105/42, 1.0160/99, 1.0207/32, 1.0262/87, 1.0297, 1.0302 and 1.0334/37.Above: 1.0415/23, 1.0438, 1.0481, 1.0500, 1.0506, 1.0522, 1.0646/56, 1.0669 and 1.0742/85. Support:Initial: 0.9906, 0.9891, 0.9828/77 and 0.9724/96.Below: 0.9686, 0.9645, 0.9525, 0.9445 and 0.9405. NZDUSD: Mildly Higher Resistance:Initial: 0.8240/48, 0.8262, 0.8279, 0.8294, 0.8339, 0.8378, 0.8395, 0.8405, 0.8420/27 and 0.8504.Above: 0.8571, 0.8764 and 0.8841. Support:Initial: 0.8204, 0.8109/90, 0.8066/93, 0.7993/96, 0.7979, 0.7955 and 0.7906.Below: 0.7804/88, 0.7723/95, 0.7605/72, 0.7568 and 0.7500/52. More articles from ForexTraders….
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March 13 2012, 6:10pm | Comments »
Weekly Forex Market Forecast (March 5th – March 9th 2012)

By Michael Trinkle, ForexTraders Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of March 5th – March 9th, with release times displayed for the GMT time zone. The list also includes the current market consensus forecast for each event and indicates what sort of deviation might affect the forex market valuation of the indicated currency positively. Monday, March 5th

12:30am AUD ANZ Job Advertisements (3.3% expected, > good for currency) 8:15am CHF Retail Sales (4.4% expected, > good for currency) 9:30am GBP Services PMI (53.8 expected, > good for currency) 3:00pm USD ISM Non-Manufacturing PMI (57.3 expected, > good for currency)

Tuesday, March 6th

3:30am AUD Cash Rate (4.25% expected, > good for currency) 3:30am AUD RBA Rate Statement (hawkish = good for currency) 8:00am GBP Halifax HPI (0.3% expected, > good for currency) 3:00pm CAD Ivey PMI (62.1 expected, > good for currency)

Wednesday, March 7th

12:30am AUD GDP (0.7% expected, > good for currency) 8:00am CHF Foreign Currency Reserves (last 227.2B, < good for currency) 1:15pm USD ADP Non-Farm Employment Change (201K expected, > good for currency) 1:30pm CAD Building Permits (-2.3% expected, > good for currency) 8:00pm NZD Official Cash Rate (2.50% expected, > good for currency) 8:00pm NZD RBNZ Press Conference (hawkish = good for currency) 8:00pm NZD RBNZ Rate Statement (hawkish = good for currency)

Thursday, March 8th

12:30am AUD Employment Change (5.2K expected, > good for currency) 12:30am AUD Unemployment Rate (5.2% expected, < good for currency) 8:15am CHF CPI (0.2% expected, > good for currency) 12:00pm GBP Asset Purchase Facility (325B expected, < good for currency) 12:00pm GBP Official Bank Rate (0.50% expected, > good for currency) Tentative GBP MPC Rate Statement (hawkish = good for currency) 12:45pm EUR Minimum Bid Rate (1.00% expected, > good for currency) 1:30pm EUR ECB Press Conference (hawkish = good for currency) 1:30pm USD Weekly Initial Jobless Claims (352K expected, < good for currency) 2:00pm CAD BOC Rate Statement (hawkish = good for currency) 2:00pm CAD Overnight Rate (1.00% expected, > good for currency)

Friday, March 9th

12:30am AUD Trade Balance (1.53B expected, > good for currency) 1:30am CNY CPI (3.6% expected, > good for currency) 9:30am GBP Manufacturing Production (0.4% expected, > good for currency) 9:30am GBP PPI Input (0.7% expected, > good for currency) 12:00pm CAD Employment Change (13.9K expected, > good for currency) 12:00pm CAD Unemployment Rate (7.6% expected, < good for currency) 1:30pm CAD Trade Balance (2.0B expected, > good for currency) 1:30pm USD Non-Farm Payrolls (208K expected, > good for currency) 1:30pm USD Trade Balance (-48.8K expected, > good for currency) 1:30pm USD Unemployment Rate (8.3% expected, > good for currency)

Saturday, March 10th

Tentative CNY Trade Balance (-8.2B expected, > good for currency)

Technical Forecast and Levels to Watch for the Majors This Week EURUSD: Lower Resistance:Initial: 1.3211/81, 1.3321/62, 1.3433, 1.3485/95, 1.3546/68, 1.3614 and 1.3795/98.Above: 1.3836, 1.3969, 1.4000, 1.4246, 1.4500/17, 1.4695 and 1.4939. Support:Initial: 1.3197, 1.3145/59, 1.3055/76, 1.3000/25, 1.2946/83 and 1.2917.Below: 1.2886, 1.2857/77 and 1.2623/65. USDJPY: Mildly Higher Resistance:Initial: 81.46, 81.76/86, 82.01/22, 82.77, 83.09, 83.77, 83.96, 84.51, 84.80, 85.51 and 85.92.Above: 87.11/13, 87.95, 93.77 and 94.97. Support:Initial: 81.14, 80.82, 80.22, 80.00, 79.96, 79.83, 79.52, 79.40, 79.05, 78.66, 78.06/28.Below: 77.00/89, 76.73/83, 76.41, 76.10, 76.02, 75.94 and 75.56/70. GBPUSD: Lower Resistance:Initial: 1.5868/90, 1.5927, 1.5990, 1.6092, 1.6109, 1.6128, 1.6164 and 1.6192.Above: 1.6452/74, 1.6546, 1.6570, 1.6589/98, 1.6616 and 1.6745. Support:Initial: 1.5781,1.5770/74, 1.5735/45, 1.5728, 1.5717, 1.5685/91, 1.5668, 1.5643/47, 1.5624/29, 1.5516/85, 1.5465/99, 1.5422, 1.5410 and 1.5375Below: 1.5293, 1.5270/77, 1.5232, 1.5123 and 1.5000. AUDUSD: Mildly Lower Resistance:Initial: 1.0670, 1.0686, 1.0751/53, 1.0718, 1.0792, 1.0798, 1.0842 and 1.0854.Above: 1.1010, 1.1064 and 1.1079. Support:Initial: 1.0654, 1.0627/38, 1.0608, 1.0596, 1.0498, 1.0444, 1.0384, 1.0303, 1.0266, 1.0224/29, 1.0216 and 1.0100/16.Below: 1.0000/52, 0.9925/83, 0.9900, 0.9861/63 and 0.9732. USDCAD: Mildly Higher Resistance:Initial: 0.9958/69, 0.9980, 1.0018/78, 1.0105/42, 1.0160, 1.0172, 1.0199, 1.0207/32, 1.0262/87, 1.0297, 1.0302 and 1.0334/37.Above: 1.0415/23, 1.0438, 1.0481, 1.0500, 1.0506, 1.0522, 1.0646/56, 1.0669 and 1.0742/85. Support:Initial: 0.9924/27, 0.9906, 0.9891, 0.9828/77 and 0.9724/96.Below: 0.9686, 0.9645, 0.9525, 0.9445 and 0.9405. NZDUSD: Lower Resistance:Initial: 0.8240/48, 0.8262, 0.8294, 0.8339, 0.8378, 0.8395, 0.8405, 0.8420/27 and 0.8504.Above: 0.8571, 0.8764 and 0.8841. Support:Initial: 0.8204, 0.8109/90, 0.8066/93, 0.7993/96, 0.7979, 0.7955 and 0.7906.Below: 0.7855/88, 0.7827/36, 0.7804/09, 0.7795, 0.7723/73, 0.7605/72, 0.7568 and 0.7500/52. More articles from ForexTraders….
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March 6 2012, 7:04pm | Comments »
Weekly Forex Market Followup (February 27th – March 2nd 2012)

By Michael Trinkle, ForexTraders Key Fundamental Forex Events for the Week of February 27th through March 2nd The following table lists the key economic data and other events that came out during the week of February 27th through March 2nd, with release times displayed for the GMT time zone. The list also indicates how much each release deviated from the market consensus forecast upon release, as well as what the affected major currency pair or pairs did after each event or set of events. Monday, February 27th

3:00pm USD Pending Home Sales 2.0% versus 1.1% expected. The currency rose overall.

Tuesday, February 28th

1:30pm USD Core Durable Goods Orders -3.2% versus 0.0% expected. 3:00pm USD CB Consumer Confidence 70.8 versus 63.2 expected. The currency fell overall. 5:30pm CHF Governor Board Member Jordan said that, “We can’t allow the franc to appreciate beyond the CHF1.20 per euro ceiling we have set for it. The SNB will continue to pursue its franc policy to prevent any risks to the Swiss economy developing. The franc is still strong, but we expect it to weaken over time.” The currency rose.

Wednesday, February 29th

12:00am NZD NBNZ Business Confidence 28.0 versus last 16.9. The currency fell. 12:30am AUD Retail Sales 0.3%, as expected. The currency fell. 8:00am CHF KOF Economic Barometer -0.12 versus -0.11 expected. The currency fell. 1:30pm USD Preliminary GDP 3.0% versus 2.8% expected. 3:00pm USD Fed Chairman Bernanke testified that, “The FOMC judges that an inflation rate of 2 percent, as measured by the annual change in the price index for personal consumption expenditures, is most consistent over the longer run with its statutory mandate.” He made no mention of further quantitative easing measures. The currency rose overall.

Thursday, March 1st

12:30am AUD Building Approvals 0.9% versus 2.1% expected. 12:30am AUD Private Capital Expenditure -0.3% versus 3.9% expected. The currency rose. 1:00am CNY Manufacturing PMI 51.0 versus 50.9 expected. 9:30am GBP Manufacturing PMI 51.2 versus 51.9 expected. The currency rose. 1:30pm USD Weekly Initial Jobless Claims 351K versus 349K expected. 3:00pm USD Fed Chairman Bernanke testified that, “We do see some grounds for optimism about the job market over the next few quarters, including notable declines in the unemployment rate in December and January, a drop in new claims for unemployment insurance, and an improvement in firms’ hiring plans.” 3:00pm USD ISM Manufacturing PMI 52.4 versus 54.6 expected. The currency fell overall.

Friday, March 2nd

9:30am GBP Construction PMI 54.3 versus 51.5 expected. The currency fell. 1:30pm CAD GDP 0.4% versus 0.3% expected. The currency fell.

Technical Recap for the Majors This Week EURUSD: Forecast: HigherActual: Lower from a 1.3462 open to a 1.3186 close. USDJPY: Forecast: Mildly LowerActual: Mildly Lower from a 81.10 open to a 80.75 close. GBPUSD: Forecast: HigherActual: Lower from a 1.5953 open to a 1.5835 close. AUDUSD: Forecast: HigherActual: Mildly higher from a 1.0704 open to a 1.0754 close. USDCAD: Forecast: Mildly LowerActual: Mildly lower from a 0.9977 open to a 0.9877 close. NZDUSD: Forecast: HigherActual: Mildly lower from a 0.8362 open to a 0.8336 close. More articles from ForexTraders….
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March 5 2012, 5:56pm | Comments »
Weekly Forex Market Followup (February 20th – February 24th 2012)

By Michael Trinkle, ForexTraders Key Fundamental Forex Events for the Week of February 20th through February 24th The following table lists the key economic data and other events that came out during the week of February 20th through February 24th, with release times displayed for the GMT time zone. The list also indicates how much each release deviated from the market consensus forecast upon release, as well as what the affected major currency pair or pairs did after each event or set of events. Sunday, February 19th

9:45pm NZD PPI Input 0.5% versus 0.4% expected. The currency was slightly higher.

Monday, February 20th

All Day USD Bank Holiday

Tuesday, February 21st

12:30am AUD Monetary Policy Meeting Minutes noted that, “In foreign exchange markets, the euro had depreciated against most currencies and declined to multi-year lows against a number of currencies, including the yen and the Australian dollar. Members noted that, in Australia’s case, the currency had reached its highest level in more than 20 years against both the euro and the pound.” The currency rose. 2:00am NZD Inflation Expectations 2.5% versus 2.8% expected. The currency fell. 2:30am AUD RBA Governor Stevens said that, “With growth near trend, inflation consistent with the target, interest rates about average and an outlook suggesting more of the same, the setting of policy was about right for the moment.” The currency fell. 9:30am GBP Public Sector Net Borrowing -10.7B versus -8.9B expected. The currency fell. 1:30pm CAD Core Retail Sales 0.0% versus 0.2% expected. The currency rose.

Wednesday, February 22nd

2:30am CNY HSBC Flash Manufacturing PMI 49.7 versus last 48.8. 9:30am GBP MPC Meeting Minutes vote 0-0-9, as expected. They noted that, “There continued to be substantial uncertainties surrounding the outlook for growth. The most significant threat to the domestic recovery stemmed from developments in the euro area, where there remained concerns about the indebtedness and competitiveness of some member countries.” The currency fell. 3:00pm USD Existing Home Sales 4.57M versus 4.66M expected. The currency was mixed.

Thursday, February 23rd

9:00am EUR German Ifo Business Climate 109.6 versus 108.7 expected. The currency rose. 1:30pm USD Weekly Initial Jobless Claims 351K versus 350K expected. The currency fell overall. 10:30pm AUD RBA Governor Stevens said that, “The palpable fear before Christmas that Europe was on the brink of some sort of very bad financial event has lessened over our summer. The anxiety has not gone entirely away, and nor will it for some time. But the worst has not happened.” The currency rose.

Friday, February 24th

9:30am GBP Revised GDP -0.2%, as expected. The currency rose. 3:00pm USD New Home Sales 321K versus 316K expected. The currency was mixed. All Day G20 Meetings. German Finance Minister Wolfgang Schaeuble said on Friday that, “That is why one cannot rule out with certainty that after this duration and before 2020 there will be new demands,” referring to the conditions for the EU/IMF/ECB bailout to Greece.

Technical Recap for the Majors This Week EURUSD: Forecast: Mildly HigherActual: Higher from a 1.3176 open to a 1.3461 close. USDJPY: Forecast: HigherActual: Higher from a 79.61 open to a 80.75 close. GBPUSD: Forecast: Mildly HigherActual: Mildly higher from a 1.5845 open to a 1.5859 close. AUDUSD: Forecast: HigherActual: Mildly lower from a 1.0771 open to a 1.0701 close. USDCAD: Forecast: LowerActual: Mildly higher from a 0.9930 open to a 0.9985 close. NZDUSD: Forecast: HigherActual: Mildly lower from a 0.8391 open to a 0.8354 close. More articles from ForexTraders….
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February 24 2012, 7:47pm | Comments »
Weekly Forex Market Forecast (February 20th – February 24th 2012)

By Michael Trinkle, ForexTraders Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of February 20th – February 24th, with release times displayed for the GMT time zone. The list also includes the current market consensus forecast for each event and indicates what sort of deviation might affect the forex market valuation of the indicated currency positively. Sunday, February 19th

9:45pm NZD PPI Input (0.4%, > good for currency)

Monday, February 20th

All Day USD Bank Holiday

Tuesday, February 21st

12:30am AUD Monetary Policy Meeting Minutes (hawkish = good for currency) 2:00am NZD Inflation Expectations (2.8%, > good for currency) 2:30am AUD RBA Governor Stevens speaks (hawkish = good for currency) 9:30am GBP Public Sector Net Borrowing (-8.9B, < good for currency) 1:30pm CAD Core Retail Sales (0.2%, > good for currency)

Wednesday, February 22nd

2:30am CNY HSBC Flash Manufacturing PMI (last 48.8, > good for currency) 9:30am GBP MPC Meeting Minutes (0-0-9, hawkish = good for currency) 3:00pm USD Existing Home Sales (4.66M, > good for currency)

Thursday, February 23rd

9:00am EUR German Ifo Business Climate (108.7, > good for currency) 1:30pm USD Weekly Initial Jobless Claims (350K, < good for currency) 10:30pm AUD RBA Governor Stevens speaks (hawkish = good for currency)

Friday, February 24th

9:30am GBP Revised GDP (-0.2%, > good for currency) 3:00pm USD New Home Sales (316K, > good for currency) All Day G20 Meetings

Technical Forecast and Levels to Watch for the Majors This Week EURUSD: Mildly Higher Resistance: Initial: 1.3211/19, 1.3258, 1.3281, 1.3321, 1.3334, 1.3362 and 1.3433/95. Above: 1.3546/68, 1.3614 and 1.3795/98. Support: Initial: 1.3197, 1.3145, 1.3055/76, 1.3025, 1.3000, 1.2946/83, 1.2917, 1.2886, 1.2873/77 and 1.2857. Below: 1.2623/65, 1.2586, 1.2523, 1.2484, 1.2329 and 1.1876. USDJPY: Higher Resistance: Initial: 79.83, 79.96, 80.00, 80.22 and 80.82. Above: 81.34, 81.76, 82.01/22, 82.77, 83.09 and 83.77. Support: Initial: 79.52, 79.40, 79.05, 78.66, 78.06/28, 77.00/89, 76.73/83, 76.41, 76.10, 76.02, 75.94 and 75.70. Below: 75.65, 75.56, plus 75.00 and 70.00 likely. GBPUSD: Mildly Higher Resistance: Initial: 1.5868/90,1.5927, 1.6092, 1.6109, 1.6128, 1.6164 and 1.6192. Above: 1.6452/74, 1.6546, 1.6570, 1.6589/98, 1.6616 and 1.6745. Support: Initial: 1.5770/74, 1.5735/45, 1.5728, 1.5717, 1.5685/91, 1.5668, 1.5643, 1.5624/29, 1.5516/85, 1.5465/99, 1.5422, 1.5410 and 1.5375 Below: 1.5293, 1.5270/77, 1.5232, 1.5123 and 1.5000. AUDUSD: Higher Resistance: Initial: 1.0784, 1.0792, 1.0798 and 1.0842. Above: 1.1010, 1.1064 and 1.1079. Support: Initial: 1.0751, 1.0718, 1.0686, 1.0670, 1.0654, 1.0627/38, 1.0608, 1.0498, 1.0444, 1.0384, 1.0303, 1.0266, 1.0224/29, 1.0216 and 1.0100/16. Below: 1.0000/52, 0.9925/83, 0.9900, 0.9861/63 and 0.9732. USDCAD: Lower Resistance: Initial: 0.9969, 0.9980, 1.0026/78, 1.0105/42, 1.0160, 1.0172, 1.0199, 1.0207/32, 1.0262/87, 1.0297, 1.0302 and 1.0334/37. Above: 1.0415/23, 1.0438, 1.0481, 1.0500, 1.0506, 1.0522, 1.0646/56, 1.0669 and 1.0742/85. Support: Initial: 0.9924/27, 0.9891, 0.9828/77 and 0.9724/96. Below: 0.9686, 0.9645, 0.9525, 0.9445 and 0.9405. NZDUSD: Higher Resistance: Initial: 0.8405, 0.8420/23 and 0.8504. Above: 0.8571, 0.8764 and 0.8841. Support: Initial: 0.8378, 0.8339, 0.8294, 0.8240/48, 0.8109/90, 0.8066/93, 0.7993/96, 0.7979, 0.7955 and 0.7906. Below: 0.7855/88, 0.7827/36, 0.7804/09, 0.7795, 0.7723/73, 0.7605/72, 0.7568 and 0.7500/52. More articles from ForexTraders….
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February 21 2012, 10:27pm | Comments »
Weekly Forex Market Followup (February 13th – February 17th 2012)

By Michael Trinkle, ForexTraders Key Fundamental Forex Events for the Week of February 13th through February 17th The following table lists the key economic data and other events that came out during the week of February 13th through February 17th, with release times displayed for the GMT time zone. The list also indicates how much each release deviated from the market consensus forecast upon release, as well as what the affected major currency pair or pairs did after each event or set of events. Sunday, February 12th

11:50pm JPY Preliminary GDP -0.6% versus -0.3% expected. The currency fell.

Monday, February 13th

12:30am AUD Home Loans 2.3% versus 1.9% expected. The currency rose.

Tuesday, February 14th

3:43am JPY Monetary Policy Statement noted that, “Global financial markets remained under heavy strain as the sovereign debt problems in Europe continued to be a matter of concern, reflecting difficulties with the negotiations to reduce the Greek government’s debts, although there appeared to be signs of some improvement, as seen in the decline of short-term U.S. dollar funding rates in the money markets.” 3:43am JPY Overnight Call Rate <0.10%, as expected. 7:33am JPY BOJ Press Conference. BOJ Governor Masaaki Shirakawa stated that, “We will be buying massive amounts of government bonds,” adding “This is designed to achieve sustained economic growth under stable prices.” The currency fell. 9:30am GBP CPI 3.6% versus 3.6% expected. 10:00am EUR German ZEW Economic Sentiment 5.4 versus -11.6 expected. The currency fell. 10:30am GBP BOE Inflation Letter noted that, “The Committee’s best collective judgment is that inflation will fall back sharply in the next six months or so, and continue falling thereafter to around target by the end of next year.” The currency fell. 1:30pm USD Core Retail Sales 0.7% versus 0.6% expected. 1:30pm USD Retail Sales 0.4% versus 0.8% expected. The currency rose overall. 9:45pm NZD Core Retail Sales 2.9% versus 1.1% expected. The currency was unchanged.

Wednesday, February 15th

7:00am EUR German Preliminary GDP -0.2% versus -0.3% expected. The currency fell. 9:30am GBP Claimant Count Change 6.9K versus 3.3K expected. 10:30am GBP BOE Governor King said that, “The biggest risk to the recovery stems from developments in the euro area, where there remain concerns about the indebtedness and competitiveness of some member countries.” 10:30am GBP BOE Inflation Report noted that, “The February Inflation Report indicated that the MPC does not see a strong case for more QE, although it retains a bias toward further loosening. The report therefore places a big question mark over whether more QE is likely in May.” The currency rose slightly. 2:00pm USD TIC Long-Term Purchases 17.9B versus 62.3B expected. 7:00pm USD FOMC Meeting Minutes noted that, “Strains in global financial markets continue to pose significant downside risks to the economic outlook. The Committee also anticipates that over coming quarters, inflation will run at levels at or below those consistent with the Committee’s dual mandate.” The currency was mixed.

Thursday, February 16th

12:30am AUD Employment Change 46.3K versus 10.9K expected. 12:30am AUD Unemployment Rate 5.1% versus 5.3% expected. The currency rose. 1:30pm USD Building Permits 0.68M, as expected. 1:30pm USD PPI 0.1% versus 0.3% expected. 1:30pm USD Unemployment Claims 348K versus 364K expected. 2:00pm USD Fed Chairman Bernanke said that, ““It is important to emphasize that the Congress enacted the Dodd-Frank Act largely in response to the “too big to fail” problem, and that most of its provisions apply only, or principally, to the largest, most complex, and internationally active banks.” 3:00pm USD Philly Fed Manufacturing Index 10.2 versus 8.5 expected. The currency fell except versus the JPY.

Friday, February 17th

9:30am GBP Retail Sales 0.9% versus -0.3% expected. The currency rose. 12:00pm CAD Core CPI 0.2% versus 0.1% expected. The currency fell. 1:30pm USD Core CPI 0.2% versus 0.3% expected. The currency was mixed.

Technical Recap for the Majors This Week EURUSD: Forecast: LowerActual: Mildly lower from a 1.3208 open to a 1.3155 close. USDJPY: Forecast: Mildly LowerActual: Higher from a 77.54 open to a 79.36 close. GBPUSD: Forecast: LowerActual: Mildly higher from a 1.5775 open to a 1.5814 close. AUDUSD: Forecast: Mildly HigherActual: Mildly higher from a 1.0687 open to a 1.0726 close. USDCAD: Forecast: LowerActual: Mildly lower from a 1.0004 open to a 0.9966 close. NZDUSD: Forecast: HigherActual: Mildly higher from a 0.8288 open to a 0.8346 close. More articles from ForexTraders….
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February 17 2012, 8:47pm | Comments »
Weekly Forex Market Forecast (February 13th – February 17th 2012)

By Michael Trinkle, ForexTraders Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of February 13th – February 17th, with release times displayed for the GMT time zone. The list also includes the current market consensus forecast for each event and indicates what sort of deviation might affect the forex market valuation of the indicated currency positively. Sunday, February 12th

11:50pm JPY Preliminary GDP (-0.3%, > good for currency)

Monday, February 13th

12:30am AUD Home Loans (1.9%, > good for currency)

Tuesday, February 14th

Tentative JPY Monetary Policy Statement (hawkish = good for currency) Tentative JPY Overnight Call Rate (<0.10%, > good for currency) Tentative JPY BOJ Press Conference (hawkish = good for currency) 9:30am GBP CPI (3.6%, > good for currency) 10:00am EUR German ZEW Economic Sentiment (-11.6, > good for currency) Tentative GBP BOE Inflation Letter (hawkish = good for currency) 1:30pm USD Core Retail Sales (0.6%, > good for currency) 1:30pm USD Retail Sales (0.8%, > good for currency) 9:45pm NZD Core Retail Sales (1.1%, > good for currency)

Wednesday, February 15th

9:30am GBP Claimant Count Change (3.3K, < good for currency) 10:30am GBP BOE Governor King speaks (hawkish = good for currency) 10:30am GBP BOE Inflation Report (hawkish = good for currency) 2:00pm USD TIC Long-Term Purchases (62.3B, > good for currency) 7:00pm USD FOMC Meeting Minutes (hawkish = good for currency)

Thursday, February 16th

12:30am AUD Employment Change (10.9K, > good for currency) 12:30am AUD Unemployment Rate (5.3%, < good for currency) 1:30pm USD Building Permits (0.68M, > good for currency) 1:30pm USD PPI (0.3%, > good for currency) 1:30pm USD Unemployment Claims (364K, < good for currency) 2:00pm USD Fed Chairman Bernanke speaks (hawkish = good for currency) 3:00pm USD Philly Fed Manufacturing Index (8.5, > good for currency)

Friday, February 17th

9:30am GBP Retail Sales (-0.3%, > good for currency) 12:00pm CAD Core CPI (0.1%, > good for currency) 1:30pm USD Core CPI (0.3%, > good for currency)

Technical Forecast and Levels to Watch for the Majors This Week EURUSD: Lower Resistance:Initial: 1.3258, 1.3281, 1.3321, 1.3334, 1.3362 and 1.3433/95.Above: 1.3546/68, 1.3614 and 1.3795/98. Support:Initial: 1.3219, 1.3211, 1.3197, 1.3145, 1.3055/76, 1.3025, 1.3000, 1.2983, 1.2968, 1.2957, 1.2946, 1.2917, 1.2886, 1.2873/77 and 1.2857.Below: 1.2623/65, 1.2586, 1.2523, 1.2484, 1.2329 and 1.1876. USDJPY: Mildly Lower Resistance:Initial: 77.61/89, 78.06/16, 78.22, 78.27/28, 78.66, 79.05, 79.40, 79.52, 79.96, 80.00, 80.22 and 80.82.Above: 81.34, 81.76, 82.01/22, 82.77, 83.09 and 83.77. Support:Initial: 77.48/51, 77.29/33, 77.00/13, 76.73/83, 76.41, 76.10, 76.02, 75.94 and 75.70.Below: 75.65, 75.56, plus 75.00 and 70.00 likely. GBPUSD: Lower Resistance:Initial: 1.5868/90,1.5927, 1.6092, 1.6109, 1.6128, 1.6164 and 1.6192.Above: 1.6452/74, 1.6546, 1.6570, 1.6589/98, 1.6616 and 1.6745. Support:Initial: 1.5770/74, 1.5735/45, 1.2728, 1.5717, 1.5685/91, 1.5668, 1.5624/29, 1.5557/85, 1.5531/37, 1.5516, 1.5465/99, 1.5422, 1.5410 and 1.5375Below: 1.5293, 1.5270/77, 1.5232, 1.5123 and 1.5000. AUDUSD: Mildly Higher Resistance:Initial: 1.0718, 1.0751, 1.0784, 1.0792, 1.0798 and 1.0842.Above: 1.1010, 1.1064 and 1.1079. Support:Initial: 1.0686, 1.0670, 1.0654, 1.0638, 1.0608, 1.0498, 1.0444, 1.0384, 1.0303, 1.0266, 1.0224/29, 1.0216 and 1.0100/16.Below: 1.0000/52, 0.9925/83, 0.9900, 0.9861/63 and 0.9732. USDCAD: Lower Resistance:Initial: 1.0026/78, 1.0105/42, 1.0160, 1.0172, 1.0199, 1.0207/32, 1.0262/87, 1.0297, 1.0302 and 1.0334/37.Above: 1.0415/23, 1.0438, 1.0481, 1.0500, 1.0506, 1.0522, 1.0646/56, 1.0669 and 1.0742/85. Support:Initial: 0.9980, 0.9969, 0.9927, 0.9891, 0.9828/77 and 0.9724/96.Below: 0.9686, 0.9645, 0.9525, 0.9445 and 0.9405. NZDUSD: Higher Resistance:Initial: 0.8294, 0.8339, 0.8378, 0.8405, 0.8423 and 0.8504.Above: 0.8571, 0.8764 and 0.8841. Support:Initial: 0.8240/48, 0.8109/90, 0.8066/93, 0.7993/96, 0.7979, 0.7955 and 0.7906.Below: 0.7855/88, 0.7827/36, 0.7804/09, 0.7795, 0.7723/73, 0.7605/72, 0.7568 and 0.7500/52. More articles from ForexTraders….
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February 13 2012, 7:14pm | Comments »
Weekly Forex Market Forecast (February 6th – February 10th 2012)

By Michael Trinkle, ForexTraders Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of February 6th – February 10th, with release times displayed for the GMT time zone. The list also includes the current market consensus forecast for each event and indicates what sort of deviation might affect the forex market valuation of the indicated currency positively. Monday, February 6th

12:30am AUD Retail Sales (0.2%, > good for currency) 8:00am CHF Foreign Currency Reserves (last 254.2B, < good for currency) 8:00am GBP Halifax HPI (0.1%, > good for currency) 3:00pm CAD Ivey PMI (58.6, > good for currency) 9:45pm NZD Labor Cost Index (0.5%, > good for currency)

Tuesday, February 7th

3:30am AUD Cash Rate (4.00%, > good for currency) 3:30am AUD RBA Rate Statement (hawkish = good for currency) 1:30pm CAD Building Permits (0.8%, > good for currency) 3:00pm USD Fed Chairman Bernanke Testifies (hawkish = good for currency)

Wednesday, February 8th

9:45pm NZD Employment Change (0.4%, > good for currency) 9:45pm NZD Unemployment Rate (6.5%, < good for currency)

Thursday, February 9th

1:30am CNY CPI (4.0%) 9:30am GBP Manufacturing Production (0.3%, > good for currency) 12:00pm GBP Asset Purchase Facility (325B, < good for currency) 12:00pm GBP Official Bank Rate (0.50%, > good for currency) Tentative GBP MPC Rate Statement 12:45pm EUR Minimum Bid Rate (1.00%, > good for currency) 1:30pm EUR ECB Press Conference (hawkish = good for currency) 1:30pm USD Weekly Initial Jobless Claims (390K, < good for currency)

Friday, February 10th

12:30am AUD RBA Monetary Policy Statement (hawkish = good for currency) Tentative CNY Trade Balance (10.8B) 8:15am CHF CPI (-0.3%, > good for currency) 9:30am GBP PPI Input (0.4%, > good for currency) 1:30pm CAD Trade Balance (0.7B, > good for currency) 1:30pm USD Trade Balance (-48.2B, > good for currency) 2:55pm USD Preliminary University of Michigan Consumer Sentiment (74.3, > good for currency) 5:30pm USD Fed Chairman Bernanke Speaks

Technical Forecast and Levels to Watch for the Majors This Week EURUSD: Lower Resistance:Initial: 1.3219/58, 1.3281, 1.3334, 1.3362 and 1.3433/95.Above: 1.3546/68, 1.3614 and 1.3795/98. Support:Initial: 1.3211, 1.3197, 1.3145, 1.3055/76, 1.3025, 1.3000, 1.2983, 1.2968, 1.2957, 1.2946, 1.2917, 1.2886, 1.2873/77 and 1.2857.Below: 1.2623/65, 1.2586, 1.2523, 1.2484, 1.2329 and 1.1876. USDJPY: Mildly Lower Resistance:Initial: 76.73/83, 77.00/13, 77.29/33, 77.48/49, 77.61/89, 78.06/16, 78.22, 78.27/28, 78.66, 79.05, 79.40, 79.52, 79.96, 80.00, 80.22 and 80.82.Above: 81.34, 81.76, 82.01/22, 82.77, 83.09 and 83.77. Support:Initial: 76.41, 76.10, 76.02, 75.94 and 75.70.Below: 75.65, 75.56, plus 75.00 and 70.00 likely. GBPUSD: Lower Resistance:Initial: 1.5868/90,1.6092, 1.6109, 1.6128, 1.6164 and 1.6192.Above: 1.6452/74, 1.6546, 1.6570, 1.6589/98, 1.6616 and 1.6745. Support:Initial: 1.5770/74, 1.5735/45, 1.5717, 1.5685/91, 1.5668, 1.5624/29, 1.5557/85, 1.5531/37, 1.5516, 1.5465/99, 1.5422, 1.5410 and 1.5375Below: 1.5293, 1.5270/77, 1.5232, 1.5123 and 1.5000. AUDUSD: Mildly Higher Resistance:Initial: 1.0784, 1.0792 and 1.0798.Above: 1.1010, 1.1064 and 1.1079. Support:Initial: 1.0751, 1.0718, 1.0686, 1.0670, 1.0654, 1.0608, 1.0498, 1.0444, 1.0384, 1.0303, 1.0266, 1.0224/29, 1.0216 and 1.0100/16.Below: 1.0000/52, 0.9925/83, 0.9900, 0.9861/63 and 0.9732. USDCAD: Lower Resistance:Initial: 0.9969, 0.9980, 1.0026/78, 1.0105/42, 1.0160, 1.0172, 1.0199, 1.0207/32, 1.0262/87, 1.0297, 1.0302 and 1.0334/37.Above: 1.0415/23, 1.0438, 1.0481, 1.0500, 1.0506, 1.0522, 1.0646/56, 1.0669 and 1.0742/85. Support:Initial: 0.9927, 0.9891, 0.9828/77 and 0.9724/96.Below: 0.9686, 0.9645, 0.9525, 0.9445 and 0.9405. NZDUSD: Higher Resistance:Initial: 0.8378, 0.8423 and 0.8504.Above: 0.8571, 0.8764 and 0.8841. Support:Initial: 0.8339, 0.8294, 0.8240/48, 0.8109/90, 0.8066/93, 0.7993/96, 0.7979, 0.7955 and 0.7906.Below: 0.7855/88, 0.7827/36, 0.7804/09, 0.7795, 0.7723/73, 0.7605/72, 0.7568 and 0.7500/52. More articles from ForexTraders….
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February 6 2012, 7:07pm | Comments »
Weekly Forex Market Followup (January 30th – February 3rd 2012)

By Michael Trinkle, ForexTraders Key Fundamental Forex Events for the Week of January 30th through February 3rd The following table lists the key economic data and other events that came out during the week of January 30th through February 3rd, with release times displayed for the GMT time zone. The list also indicates how much each release deviated from the market consensus forecast upon release, as well as what the affected major currency pair or pairs did after each event or set of events. Monday, January 30th

9:45pm NZD Building Consents 2.1% versus last -6.4% expected. The currency fell.

Tuesday, January 31st

1:30pm CAD GDP -0.1% versus 0.2% expected. The currency fell. 3:00pm USD CB Consumer Confidence 61.1 versus 68.4 expected. The currency mostly rose.

Wednesday, February 1st

1:00am CNY Manufacturing PMI 50.5 versus 49.8 expected. 8:15am CHF Retail Sales 0.6% versus 1.6% expected. The currency rose. 9:30am GBP Manufacturing PMI 52.1 versus 50.2 expected. The currency rose. 1:15pm USD ADP Non-Farm Employment Change 170K versus 193K expected. 3:00pm USD ISM Manufacturing PMI 54.1 versus 54.6 expected. The currency fell overall.

Thursday, February 2nd

12:30am AUD Building Approvals -1.0% versus 2.3% expected. 12:30am AUD Trade Balance 1.71B versus 1.23B expected. The currency rose. 9:30am GBP Construction PMI 51.4 versus 53.0 expected. The currency fell. 1:30pm USD Weekly Initial Jobless Claims 367K versus 371K expected. 3:00pm USD Fed Chairman Bernanke testified, saying that, “Globally, economic activity appears to be slowing, restrained in part by spillovers from fiscal and financial developments in Europe. The combination of high debt levels and weak growth prospects in a number of European countries has raised significant concerns about their fiscal situations, leading to substantial increases in sovereign borrowing costs, concerns about the health of European banks, and associated reductions in confidence and the availability of credit in the euro area.” The currency was mixed.

Friday, February 3rd

9:30am GBP Services PMI 56.0 versus 53.6 expected. The currency fell. 12:00pm CAD Employment Change 2.3K versus 23.5K expected. 12:00pm CAD Unemployment Rate 7.6% versus 7.5% expected. The currency rose. 1:30pm USD Non-Farm Employment Change 243K versus 156K expected. 1:30pm USD Unemployment Rate 8.3% versus 8.5% expected. 3:00pm USD ISM Non-Manufacturing PMI 56.8 versus 53.2 expected. The currency was mixed.

Technical Recap for the Majors This Week EURUSD: Forecast: HigherActual: Lower from a 1.3221 open to a 1.3105 close. USDJPY: Forecast: LowerActual: Mildly lower from a 76.67 open to a 76.59 close. GBPUSD: Forecast: Mildly HigherActual: Mildly higher from a 1.5732 open to a 1.5793 close. AUDUSD: Forecast: Mildly HigherActual: Higher from a 1.0637 open to a 1.0765 close. USDCAD: Forecast: LowerActual: Mildly lower from a 1.0009 open to a 0.9951 close. NZDUSD: Forecast: Mildly HigherActual: Higher from a 0.8230 open to a 0.8364 close. More articles from ForexTraders….
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February 3 2012, 9:51pm | Comments »
Weekly Forex Market Forecast (January 23rd – January 27th 2012)

By Michael Trinkle, ForexTraders Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of January 23rd – January 27th, with release times displayed for the GMT time zone. The list also includes the current market consensus forecast for each event and indicates what sort of deviation might affect the forex market valuation of the indicated currency positively. Monday, January 23rd

12:30am AUD PPI (0.4%, > good for currency)

Tuesday, January 24th

Tentative JPY Monetary Policy Statement (hawkish = good for currency) Tentative JPY Overnight Call Rate (<0.10%, > good for currency) Tentative JPY BOJ Press Conference (hawkish = good for currency) 9:30am GBP Public Sector Net Borrowing (12.7B, < good for currency) 1:30pm CAD Core Retail Sales (0.2%, > good for currency) 8:00pm GBP BOE Governor King speaks (hawkish = good for currency)

Wednesday, January 25th

12:30am AUD CPI (0.2%, > good for currency) 9:00am EUR German Ifo Business Climate (107.7, > good for currency) 9:30am GBP MPC Meeting Minutes (0-0-9, > good for currency) 9:30am GBP Preliminary GDP (-0.1%, > good for currency) 3:00pm USD Pending Home Sales (-0.3%, > good for currency) 7:15pm USD FOMC Statement (hawkish = good for currency) 8:00pm NZD Official Cash Rate (2.50%, > good for currency) 8:00pm NZD RBNZ Rate Statement (hawkish = good for currency)

Thursday, January 26th

All Day AUD Bank Holiday 1:30pm USD Core Durable Goods Orders (1.0%, > good for currency) 1:30pm USD Weekly Initial Jobless Claims (371K, < good for currency) 3:00pm USD New Home Sales (322K, > good for currency)

Friday, January 27th

10:30am CHF KOF Economic Barometer (-0.06, > good for currency) 1:30pm USD Advance GDP (3.1%, > good for currency)

Technical Forecast and Levels to Watch for the Majors This Week EURUSD: Mildly Lower Resistance:Initial: 1.2946, 1.2957, 1.2968, 1.2983, 1.3000, 1.3055/76, 1.3145 and 1.3197.Above: 1.3211, 1.3241/58, 1.3281, 1.3334, 1.3362, 1.3433/95, 1.3546/68, 1.3614 and 1.3795/98. Support:Initial: 1.2917, 1.2886, 1.2873/77, 1.2857, 1.2665, 1.2643, 1.2625 and 1.2586.Below: 1.2623, 1.2484, 1.2329 and 1.1876. USDJPY: Mildly Lower Resistance:Initial: 77.00/13, 77.29/33, 77.48/49, 77.61/89, 78.06/16, 78.22, 78.28, 78.66, 79.05, 79.40, 79.52, 79.96, 80.00, 80.22 and 80.82.Above: 81.34, 81.76, 82.01/22, 82.77, 83.09 and 83.77. Support:Initial: 76.83, 76.41/66, 76.10, 75.94 and 75.70.Below: 75.65, 75.56, plus 75.00 and 70.00 likely. GBPUSD: Mildly Lower Resistance:Initial: 1.5557/85, 1.5624/29, 1.5668, 1.5685/91 and 1.5717.Above: 1.5735/45, 1.5770/74, 1.5868/90, 1.6092, 1.6128 and 1.6164. Support:Initial: 1.5531/37, 1.5516, 1.5465/99, 1.5422, 1.5410, 1.5375, 1.5293, 1.5270/77, 1.5232, 1.5123 and 1.5000.Below: 1.4947, 1.4782, 1.4769, 1.4474, 1.4345 and 1.4229. AUDUSD: Higher Resistance:Initial: 1.0498, 1.0608 and 1.0654.Above: 1.0718/84, 1.1010 and 1.1079. Support:Initial: 1.0444, 1.0384, 1.0303, 1.0266, 1.0224/29, 1.0216, 1.0100/16, 1.0000/52, 0.9925/83, 0.9900, 0.9861/63 and 0.9732.Below: 0.9689, 0.9661/67, 0.9651, 0.9620/27, 0.9536/41 and 0.9500. USDCAD: Mildly Lower Resistance:Initial: 1.0160, 1.0172, 1.0199, 1.0207/32, 1.0262/87, 1.0297, 1.0302, 1.0334/37, 1.0415/23, 1.0438, 1.0481, 1.0500, 1.0506 and 1.0522.Above: 1.0646/56, 1.0669, 1.0742, 1.0756, 1.0785.1.0853, 1.0868, 1.1000 and 1.1101/23. Support:Initial: 1.0105/42, 1.0026/78, 0.9969 and 0.9934.Below: 0.9891, 0.9828/77, 0.9724/96, 0.9686 and 0.9645. NZDUSD: Higher Resistance:Initial: 0.8066, 0.8080, 0.80/93, and 0.8109/90.Above: 0.8240, 0.8571 and 0.8841. Support:Initial: 0.7993/96, 0.7979, 0.79550.7906, 0.7855/88, 0.7827/36, 0.7804/09, 0.7795, 0.7723/73, 0.7605/72, 0.7568 and 0.7500/52.Below: 0.7404/67, 0.7369, 0.7342, 0.73210.7189, 0.7115 and 0.7000. More articles from ForexTraders….
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January 23 2012, 6:08pm | Comments »
Weekly Forex Market Forecast (January 16th – January 20th 2012)

By Michael Trinkle, ForexTraders Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of January 16th – January 20th, with release times displayed for the GMT time zone. The list also includes the current market consensus forecast for each event and indicates what sort of deviation might affect the forex market valuation of the indicated currency positively. Monday, January 16th

12:30am AUD ANZ Job Advertisements (-0.9%, > good for currency) 12:30am AUD Home Loans (1.4%, > good for currency) All Day USD Bank Holiday 6:00pm EUR ECB President Draghi speaks (hawkish = good for currency) 9:00pm NZD NZIER Business Confidence (25, > good for currency)

Tuesday, January 17th

2:00am CNY GDP (8.7%, > good for currency) 9:30am GBP CPI (4.2%, > good for currency) 9:45am GBP BOE Governor King speaks (hawkish = good for currency) 10:00am EUR German ZEW Economic Sentiment (-49.7, > good for currency) 2:00pm CAD BOC Rate Statement (hawkish = good for currency) 2:00pm CAD Overnight Rate (1.00%, > good for currency)

Wednesday, January 18th

9:30am GBP Claimant Count Change (8.2K, < good for currency) 1:30pm USD PPI (0.1%, > good for currency) 2:00pm USD TIC Long Term Purchases (27.3B, > good for currency) 3:30pm CAD BOC Monetary Policy Report (hawkish = good for currency) 4:15pm CAD BOC Press Conference (hawkish = good for currency) 9:45pm NZD CPI (0.4%, > good for currency)

Thursday, January 19th

12:30am AUD Employment Change (10.3K, > good for currency) 12:30am AUD Unemployment Rate (5.3%, < good for currency) 1:30pm USD Building Permits (0.68M, > good for currency) 1:30pm USD Core CPI (0.1%, > good for currency) 1:30pm USD Weekly Initial Jobless Claims (389K, < good for currency) 3:00pm USD Philly Fed Manufacturing Index (11.3, > good for currency)

Friday, January 20th

2:30am CNY HSBC Flash Manufacturing PMI (last 48.7) 9:30am GBP Retail Sales (0.6%, > good for currency) 12:00pm CAD Core CPI (-0.2%, > good for currency) 3:00pm USD Existing Home Sales (4.65M, > good for currency)

Technical Forecast and Levels to Watch for the Majors This Week EURUSD: Mildly Lower Resistance:Initial: 1.2857, 1.2873/77, 1.2917, 1.2946, 1.2957, 1.2968, 1.2983, 1.3000, 1.3055/76, 1.3145 and 1.3197,Above: 1.3211, 1.3241/58, 1.3281, 1.3334, 1.3362, 1.3433/95, 1.3546/68, 1.3614 and 1.3795/98. Support:Initial: 1.2665, 1.2643 and 1.2586.Below: 1.2623, 1.2484, 1.2329 and 1.1876. USDJPY: Mildly Higher Resistance:Initial: 76.83, 77.00/13, 77.29/33, 77.48/49, 77.61/89, 78.06/16, 78.22, 78.28, 78.66, 79.05, 79.40, 79.52, 79.96, 80.00, 80.22 and 80.82.Above: 81.34, 81.76, 82.01/22, 82.77, 83.09 and 83.77. Support:Initial: 76.41/66, 76.10, 75.94 and 75.70.Below: 75.65, 75.56, plus 75.00 and 70.00 likely. GBPUSD: Mildly Higher Resistance:Initial: 1.5375, 1.5410, 1.5422, 1.5465/99, 1.5516, 1.5531/37 and 1.5557/85.Above: , 1.5624/29, 1.5668, 1.5685/91, 1.5717, 1.5735/45, 1.5770/74 and 1.5868/90. Support:Initial: 1.5293, 1.5270/77, 1.5232, 1.5123 and 1.5000.Below: 1.4947, 1.4782, 1.4769, 1.4474, 1.4345 and 1.4229. AUDUSD: Higher Resistance:Initial: 1.0384, 1.0444/98, 1.0608 and 1.0654.Above: 1.0718/84, 1.1010 and 1.1079. Support:Initial: 1.0303, 1.0266, 1.0224/29, 1.0216, 1.0100/16, 1.0000/52, 0.9925/83, 0.9900, 0.9861/63 and 0.9732.Below: 0.9689, 0.9661/67, 0.9651, 0.9620/27, 0.9536/41, 0.9500, 0.9486, 0.9386, 0.9341 and 0.9220. USDCAD: Lower Resistance:Initial: 1.0199, 1.0207/32, 1.0262/87, 1.0297, 1.0302, 1.0334/37, 1.0415/23, 1.0438, 1.0481, 1.0500, 1.0506 and 1.0522.Above: 1.0646/56, 1.0669, 1.0742, 1.0756, 1.0785.1.0853, 1.0868, 1.1000 and 1.1101/23. Support:Initial: 1.0172, 1.0105/42, 1.0026/78, 0.9969 and 0.9934.Below: 0.9891, 0.9828/77, 0.9724/96, 0.9686 and 0.9645. NZDUSD: Higher Resistance:Initial: and 0.7955, 0.7979 and 0.7996.Above: 0.8066/93, 0.8109/90, 0.8240, 0.8571 and 0.8841. Support:Initial: 0.7906, 0.7855/88, 0.7827/36, 0.7804/09, 0.7795, 0.7723/73, 0.7605/72, 0.7568 and 0.7500/52.Below: 0.7404/67, 0.7369, 0.7342, 0.73210.7189, 0.7115, 0.7000, 0.6945/62, 0.6793 and 0.6560. More articles from ForexTraders….
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January 19 2012, 6:33pm | Comments »
Weekly Forex Market Followup (December 26th – December 30th 2011)

By Michael Trinkle, ForexTraders Key Fundamental Forex Events for the Week of December 26th through December 30th The following table lists the key economic data and other events that came out during the week of December 26th through December 30th, with release times displayed for the GMT time zone. The list also indicates how much each release deviated from the market consensus forecast upon release, as well as what the affected major currency pair or pairs did after each event or set of events. Monday, December 26th

11:50pm JPY Monetary Policy Meeting Minutes noted that, “At the unscheduled Monetary Policy Meeting held today, the Bank of Japan, in cooperation with the aforementioned central banks, decided to take measures to address recent pressures in global money markets. Specifically, interest rates on the fixed-rate U.S. Dollar funds-supplying operations currently conducted by the Bank of Japan will be reduced by 0.5 percentage points, for operations conducted from December 5.” The JPY rose slightly.

Tuesday, December 27th

7:00am CHF UBS Consumption Indicator 0.81 versus last 0.91. The CHF rose slightly. 2:00pm USD S&P/CS Composite-20 HPI -3.4% versus -3.2% expected. 3:00pm USD CB Consumer Confidence 64.5 versus 58.5 expected. The USD fell overall. 11:30pm JPY Household Spending -3.2% versus -1.1% expected. 11:30pm JPY Tokyo Core CPI -0.3% versus -0.4% expected. 11:50pm JPY Preliminary Industrial Production -2.6% versus -0.7% expected. 11:50pm JPY Retail Sales -2.3% versus 0.1% expected. The JPY rose.

Wednesday, December 28th

1:30am JPY Average Cash Earnings -1.0% versus 0.1% expected. The JPY fell. 10:30am CHF KOF Economic Barometer 0.01 versus 0.25 expected. The CHF fell. Tentative USD Treasury Currency Report noted that, “China’s long-standing pattern of reserve accumulation, the persistence of its current account surplus and the incomplete appreciation, especially given rapid productivity growth in the traded goods sector, indicate that the real exchange rate of the renminbi is persistently misaligned and remains substantially undervalued.” The USD rose.

Thursday, December 29th

All Day EUR German Preliminary CPI 0.7% versus 0.8% expected. 9:00am EUR M3 Money Supply 2.0% versus 2.5% expected. The EUR rose. 1:30pm USD Unemployment Claims 381K versus 370K expected. 2:45pm USD Chicago PMI 62.5 versus 60.4 expected. 3:00pm USD Pending Home Sales 7.3% versus 1.4% expected. 4:00pm USD Crude Oil Inventories 3.9M versus last -10.6M. The USD was mixed.

Friday, December 30th

12:30am AUD Private Sector Credit 0.3%, as expected. The AUD rose. 2:30am CNY HSBC Final Manufacturing PMI 48.7 versus last 49.0. 7:00am GBP Nationwide HPI -0.2% versus 0.3% expected. The GBP rose.

Technical Recap for the Majors This Week EURUSD: Forecast: LowerActual: Mildly lower from a 1.3046 open to a 1.2981 close. USDJPY: Forecast: Mildly HigherActual: Mildly lower from a 77.99 open to a 77.07 close. GBPUSD: Forecast: Mildly LowerActual: Mildly lower from a 1.5596 open to a 1.5540 close. AUDUSD: Forecast: HigherActual: Mildly higher from a 1.0158 open to a 1.0209 close. USDCAD: Forecast: Mildly LowerActual: Mildly lower from a 1.0210 open to a 1.0161 close. NZDUSD: Forecast: HigherActual: Mildly higher from a 0.7734 open to a 0.7805 close. More articles from ForexTraders….
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January 2 2012, 6:30pm | Comments »
Weekly Forex Market Forecast (December 26th – December 30th 2011)

By Michael Trinkle, ForexTraders Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of December 26th – December 30th, with release times displayed for the GMT time zone. The list also includes the current market consensus forecast for each event and indicates what sort of deviation might affect the forex market valuation of the indicated currency positively. Sunday, December 25th

All Day NZD Bank Holiday All Day AUD Bank Holiday

Monday, December 26th

All Day CHF Bank Holiday All Day EUR German Bank Holiday All Day EUR Italian Bank Holiday All Day GBP Bank Holiday All Day CAD Bank Holiday All Day USD Bank Holiday All Day NZD Bank Holiday All Day AUD Bank Holiday 11:50pm JPY Monetary Policy Meeting Minutes (hawkish = good for JPY)

Tuesday, December 27th

7:00am CHF UBS Consumption Indicator (last 0.91, > good for CHF) All Day GBP Bank Holiday All Day CAD Bank Holiday 2:00pm USD S&P/CS Composite-20 HPI (-3.2%, > good for USD) 3:00pm USD CB Consumer Confidence (58.5, > good for USD) 11:30pm JPY Household Spending (-1.1%, > good for JPY) 11:30pm JPY Tokyo Core CPI (-0.4%, > good for JPY) 11:50pm JPY Preliminary Industrial Production (-0.7%, > good for JPY) 11:50pm JPY Retail Sales (0.1%, > good for JPY)

Wednesday, December 28th

1:30am JPY Average Cash Earnings (0.1%, > good for JPY) 10:30am CHF KOF Economic Barometer (0.25, > good for CHF) Tentative USD Treasury Currency Report (hawkish = good for USD)

Thursday, December 29th

All Day EUR German Preliminary CPI (0.8%, > good for EUR) 9:00am EUR M3 Money Supply (2.5%, > good for EUR) 1:30pm USD Unemployment Claims (370K, < good for USD) 2:45pm USD Chicago PMI (60.4, > good for USD) 3:00pm USD Pending Home Sales (1.4%, > good for USD) 4:00pm USD Crude Oil Inventories (last -10.6M, > good for USD)

Friday, December 30th

12:30am AUD Private Sector Credit (0.3%, > good for AUD) 2:30am CNY HSBC Final Manufacturing PMI (last 49.0) 7:00am GBP Nationwide HPI (0.3%, > good for GBP)

Technical Forecast and Levels to Watch for the Majors This Week EURUSD: Lower Resistance:Initial: 1.3145, 1.3197, 1.3211, 1.3241/58, 1.3281, 1.3334, 1.3362, 1.3433, 1.3458, 1.3486, 1.3495 and 1.3546/68.Above: 1.3614, 1.3795/98, 1.3813/27, 1.3854/58, 1.3868, 1.3973, 1.4054, 1.4246 and 1.4548. Support:Initial: 1.3055, 1.3000, 1.2983, 1.2968, 1.2957, 1.2946 and 1.2917.Below: 1.2873, 1.2643, 1.2586 and 1.1876. USDJPY: Mildly Higher Resistance:Initial: 78.06/16, 78.22, 78.28, 78.66, 79.05, 79.40, 79.52, 79.96, 80.00, 80.22 and 80.82.Above: 81.34, 81.76, 82.01/22, 82.77, 83.09 and 83.77. Support:Initial: 77.61/89, 77.48/49, 77.29, 77.13, 77.00, 76.83, 76.57, 76.41, 76.10, 75.94 and 75.70.Below: 75.65, 75.56, plus 75.00 and 70.00 likely. GBPUSD: Mildly Lower Resistance:Initial: 1.5685, 1.5691, 1.5717, 1.5735/45, 1.5770/74, 1.5868/90, 1.5912/19, 1.5932, 1.5945 and 1.5977.Above: 1.6000, 1.6093, 1.6130/65, 1.6206, 1.6259, 1.6332/47, 1.6434/73, 1.6500/98 and 1.6616. Support:Initial: 1.5624/29, 1.5557/85, 1.5531/37, 1.5516, 1.5483, 1.5465, 1.5422, 1.5410, 1.5373, 1.5339/55, 1.5326, 1.5293, 1.5270, 1.5123 and 1.5000.Below: 1.4947, 1.4782, 1.4769, 1.4474, 1.4345 and 1.4229. AUDUSD: Higher Resistance:Initial: 1.0216, 1.0224/29, 1.0303/78 and 1.0444/98.Above: 1.0608, 1.0654, 1.0718/84, 1.1010 and 1.1079. Support:Initial: 1.0100/16, 1.0045/52, 1.0027, 1.0000, 0.9925/83, 0.9900, 0.9861/63, 0.9732, 0.9689, 0.9661/67, 0.9651, 0.9620/27, 0.9536/41, 0.9500.Below: 0.9486, 0.9386, 0.9341 and 0.9220. USDCAD: Mildly Lower Resistance:Initial: 1.0199, 1.0207, 1.0221, 1.0232, 1.0262/87, 1.0297, 1.0302, 1.0334/37, 1.0415/23, 1.0438, 1.0481, 1.0500, 1.0506 and 1.0522.Above: 1.0646/56, 1.0669, 1.0742, 1.0756, 1.0785.1.0853, 1.0868, 1.1000 and 1.1101/23. Support:Initial: 1.0172, 1.0105/42, 1.0026/78, 0.9969 and 0.9934.Below: 0.9891, 0.9828/77, 0.9724/96, 0.9686 and 0.9645. NZDUSD: Higher Resistance:Initial: 0.7741, 0.7761, 0.7773, 0.7795, 0.7804, 0.7827/36, 0.7855/59 and 0.7878/88.Above: 0.7955/96, 0.8066/93, 0.8109/90 and 0.8240. Support:Initial: 0.7723, 0.7605/72, 0.7568, 0.7500/52, 0.7404/67, 0.7369, 0.7342 and 0.7321.Below: 0.7189, 0.7115, 0.7000, 0.6945/62, 0.6793 and 0.6560. More articles from ForexTraders….
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December 29 2011, 8:54pm | Comments »
Weekly Forex Market Forecast (December 12th – December 16th 2011)

By Michael Trinkle, ForexTraders Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of December 12th – December 16th, with release times displayed for the GMT time zone. The list also includes the current market consensus forecast for each event and indicates what sort of deviation might affect the forex market valuation of the indicated currency positively. Monday, December 12th

12:30am AUD Home Loans (0.1%, > good for AUD) 12:30am AUD Trade Balance (2.03B, > good for AUD) Tentative GBP BOE Governor King speaks (hawkish = good for GBP)

Tuesday, December 13th

9:30am GBP CPI (4.8%, > good for GBP) 10:00am EUR German ZEW Economic Sentiment (-55.7, > good for EUR) 1:30pm USD Core Retail Sales (0.5%, > good for USD) 1:30pm USD Retail Sales (0.6%, > good for USD) 7:15pm USD FOMC Statement (hawkish = good for USD)

Wednesday, December 14th

9:30am GBP Claimant Count Change (17.3K, < good for GBP)

Thursday, December 15th

2:30am CNY HSBC Flash Manufacturing PMI (47.7) 8:30am CHF Libor Rate (<0.25%, > good for CHF) 8:30am CHF SNB Monetary Policy Assessment (hawkish = good for CHF) 8:30am CHF SNB Press Conference (hawkish = good for CHF) 9:30am GBP Retail Sales (-0.2%, > good for GBP) 1:30pm USD PPI (0.3%, > good for USD) 1:30pm USD Weekly Initial Jobless Claims (389K, < good for USD) 2:00pm USD TIC Long-Term Purchases (53.4B, > good for USD) 3:00pm USD Philly Fed Manufacturing Index (5.1, > good for USD)

Friday, December 16th 1:30pm USD Core CPI (0.2%, > good for USD) Technical Forecast and Levels to Watch for the Majors This Week EURUSD: Mildly Higher Resistance:Initial: 1.3433, 1.3458, 1.3486, 1.3495, 1.3546/68, 1.3614, 1.3795/98 and 1.3813/27.Above: 1.3854/58, 1.3868, 1.3973, 1.4054, 1.4246 and 1.4548. Support:Initial: 1.3362, 1.3334, 1.3281, 1.3241/58, 1.3211, 1.3145, 1.3055 and 1.3000.Below: 1.2968, 1.2917, 1.2873, 1.2643 and 1.2586. USDJPY: Mildly Lower Resistance:Initial: 77.78/89, 78.06/10, 78.28, 78.66, 79.05, 79.40, 79.52, 79.96, 80.00, 80.22 and 80.82.Above: 81.34, 81.76, 82.01/22, 82.77, 83.09 and 83.77. Support:Initial: 77.48/49, 77.29, 77.13, 77.00, 76.83, 76.57, 76.41, 76.10, 75.94 and 75.70.Below: 75.65, 75.56, plus 75.00 and 70.00 likely. GBPUSD: Mildly Higher Resistance:Initial: 1.5685, 1.5691, 1.5717, 1.5735/45, 1.5770, 1.5868/90, 1.5912/19, 1.5932, 1.5945 and 1.5977.Above: 1.6000, 1.6093, 1.6130/65, 1.6206, 1.6259, 1.6332/47, 1.6434/73, 1.6500/98 and 1.6616. Support:Initial: 1.5624, 1.5561/85, 1.5516/31, 1.5483, 1.5422, 1.5373, 1.5339/55, 1.5326, 1.5293, 1.5270, 1.5123 and 1.5000.Below: 1.4947, 1.4782, 1.4769, 1.4474, 1.4345 and 1.4229. AUDUSD: Higher Resistance:Initial: 1.0229, 1.0303/78, 1.0444/98, 1.0608, 1.0654 and 1.0718/84.Above: 1.1010 and 1.1079. Support:Initial: 1.0156, 1.0100/16, 1.0048/52, 1.0000, 0.9925/83, 0.9863 and 0.9732.Below: 0.9689, 0.9661/67, 0.9651, 0.9620/27, 0.9536/41, 0.9500, 0.9486, 0.9386, 0.9341 and 0.9220. USDCAD: Lower Resistance:Initial: 1.0172/99, 1.0207, 1.0221, 1.0262/87, 1.0302, 1.0337, 1.0417, 1.0438, 1.0481, 1.0500, 1.0506, 1.0522, 1.0646/56, 1.0669, 1.0742, 1.0756 and 1.0785.Above: 1.0853, 1.0868, 1.1000 and 1.1101/23. Support:Initial: 1.0105/42, 1.0026/78, 0.9969 and 0.9934.Below: 0.9891, 0.9828/77, 0.9724/96, 0.9686 and 0.9645. NZDUSD: Higher Resistance:Initial: 0.7761, 0.7795, 0.7804, 0.7827/36, 0.7855/59 and 0.7878/88.Above: 0.7955/96, 0.8066/93, 0.8109/90 and 0.8240. Support:Initial: 0.7723/41, 0.7605/72, 0.7500/52, 0.7404/67, 0.7369, 0.7342 and 0.7321.Below: 0.7189, 0.7115, 0.7000, 0.6945/62, 0.6793 and 0.6560. More articles from ForexTraders….
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December 12 2011, 6:30pm | Comments »
Weekly Forex Market Followup (December 5th – December 9th 2011)

By Michael Trinkle, ForexTraders Key Fundamental Forex Events for the Week of December 5th through December 9th The following table lists the key economic data and other events that came out during the week of December 5th through December 9th, with release times displayed for the GMT time zone. The list also indicates how much each release deviated from the market consensus forecast upon release, as well as what the affected major currency pair or pairs did after each event or set of events. Monday, December 5th

12:30am AUD ANZ Job Advertisements 0.0% versus last -0.7%. The AUD rose. 9:30am GBP Services PMI 52.1 versus 50.6 expected. The GBP rose. 3:00pm USD ISM Non-Manufacturing PMI 52.0 versus 53.6 expected. The USD mostly fell.

Tuesday, December 6th

3:30am AUD Cash Rate 4.25%, as expected. 3:30am AUD RBA Rate Statement. Governor Glenn Stevens noted that, “The sovereign credit and banking problems in Europe, to which European governments are still seeking to craft a full response, are likely to weigh on economic activity there over the period ahead. Financial markets have experienced considerable turbulence, and financing conditions have become much more difficult, especially in Europe.” The AUD fell. 8:00am CHF Foreign Currency Reserves 229.3B versus last 242.7B. 8:00am GBP Halifax HPI -0.9% versus last 1.2%. The GBP fell. 8:15am CHF CPI -0.2% versus 0.1% expected. The CHF fell. 1:30pm CAD Building Permits 11.9% versus 3.2% expected. 2:00pm CAD BOC Rate Statement noted that, “In Canada, the economic expansion is proceeding largely as projected, although the expected rotation of demand is somewhat slower than had been anticipated. Household spending remains solid and business investment robust. Net exports remain weak, reflecting modest U.S. demand and ongoing competitiveness challenges, particularly the persistent strength of the Canadian dollar. Despite increased global risk aversion, financial conditions in Canada remain very stimulative and private credit growth is strong.” 2:00pm CAD Overnight Rate 1.00%, as expected. 3:00pm CAD Ivey PMI 59.9 versus 55.1 expected. The CAD rose.

Wednesday, December 7th

12:30am AUD GDP 1.0% versus 1.2% expected. The AUD rose. 9:30am GBP Manufacturing Production -0.7% versus -0.1% expected. The GBP rose. 8:00pm NZD Official Cash Rate 2.50%, as expected. 8:00pm NZD RBNZ Press Conference. Deputy Governor Grant Spencer said that, “Covered bonds can provide banks with access to a stable funding source, which helps support system stability during times of severe disruption in international markets.” 8:00pm NZD RBNZ Rate Statement. Governor Alan Bollard noted that, “Global developments are having some negative impact on New Zealand, though to date it has been limited. Business confidence has declined and investment spending is likely to remain weak for some time.” The NZD was unchanged.

Thursday, December 8th

12:30am AUD Employment Change -6.3K versus 10.6K expected. 12:30am AUD Unemployment Rate 5.3% versus 5.2% expected. The AUD fell. 12:00pm GBP Asset Purchase Facility 275B, as expected. 12:00pm GBP Official Bank Rate 0.50%, as expected. The GBP fell. 12:45pm EUR Minimum Bid Rate 1.00%, as expected. 1:15pm CAD Housing Starts 181K versus 203K expected. The CAD fell. 1:30pm EUR ECB Press Conference. President Mario Draghi stated that, “The intensified financial market tensions are continuing to dampen economic activity in the euro area and the outlook remains subject to high uncertainty and substantial downside risks. In such an environment, cost, wage and price pressures in the euro area should remain modest over the policy-relevant horizon.” The EUR fell. 1:30pm USD Weekly Initial Jobless Claims 381K versus 397K expected. The USD rose overall.

Friday, December 9th

1:30am CNY CPI 4.2% versus 4.6% expected. All Day EUR EU Economic Summit. German Chancellor Merkel stated that, “This is a breakthrough to a union of stability. The fiscal union will be developed step by step. We will use the crisis as a chance for a new beginning.” The EUR rose. 9:30am GBP PPI Input 0.1% versus 0.3% expected. The GBP rose slightly. 1:30pm CAD Trade Balance -0.9B versus 0.8B expected. The CAD rose slightly. 1:30pm USD Trade Balance -43.5B, as expected. 2:55pm USD Preliminary University of Michigan Consumer Sentiment 67.7 versus 65.6 expected. The USD fell.

Technical Recap for the Majors This Week EURUSD: Forecast: Mildly LowerActual: Mildly lower from a 1.3422 open to a 1.3352 close. USDJPY: Forecast: Mildly HigherActual: Mildly lower from a 78.03 open to a 77.65 close. GBPUSD: Forecast: Mildly LowerActual: Mildly lower from a 1.5624 open to a 1.5623 close. AUDUSD: Forecast: Mildly LowerActual: Mildly lower from a 1.0252 open to a 1.0172 close. USDCAD: Forecast: Mildly HigherActual: Mildly higher from a 1.0165 open to a 1.0222 close. NZDUSD: Forecast: Mildly LowerActual: Mildly lower from a 0.7809 open to a 0.7720 close. More articles from ForexTraders….
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December 9 2011, 7:45pm | Comments »
Weekly Forex Market Forecast (December 5th – December 9th 2011)

By Michael Trinkle, ForexTraders Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of December 5th – December 9th, with release times displayed for the GMT time zone. The list also includes the current market consensus forecast for each event and indicates what sort of deviation might affect the forex market valuation of the indicated currency positively. Monday, December 5th

12:30am AUD ANZ Job Advertisements (last -0.7%) 9:30am GBP Services PMI (50.6) 3:00pm USD ISM Non-Manufacturing PMI (53.6)

Tuesday, December 6th

3:30am AUD Cash Rate (4.25%) 3:30am AUD RBA Rate Statement 8:00am CHF Foreign Currency Reserves (last 242.7B) 6th-7th GBP Halifax HPI (last 1.2%) 8:15am CHF CPI (0.1%) 1:30pm CAD Building Permits (3.2%) 2:00pm CAD BOC Rate Statement 2:00pm CAD Overnight Rate (1.00%) 3:00pm CAD Ivey PMI (55.1)

Wednesday, December 7th

12:30am AUD GDP (1.2%) 9:30am GBP Manufacturing Production (-0.1%) 8:00pm NZD Official Cash Rate (2.50%) 8:00pm NZD RBNZ Press Conference 8:00pm NZD RBNZ Rate Statement

Thursday, December 8th

12:30am AUD Employment Change (10.6K) 12:30am AUD Unemployment Rate (5.2%) 12:00pm GBP Asset Purchase Facility (275B) 12:00pm GBP Official Bank Rate (0.50%) Tentative GBP MPC Rate Statement 12:45pm EUR Minimum Bid Rate (1.25%) 1:15pm CAD Housing Starts (203K) 1:30pm EUR ECB Press Conference 1:30pm USD Weekly Initial Jobless Claims (397K)

Friday, December 9th

1:30am CNY CPI (4.6%) All Day EUR EU Economic Summit 9:30am GBP PPI Input (0.3%) 1:30pm CAD Trade Balance (0.8B) 1:30pm USD Trade Balance (-43.5B) 2:55pm USD Preliminary University of Michigan Consumer Sentiment (65.6)

Technical Forecast and Levels to Watch for the Majors This Week EURUSD: Lower Resistance:Initial: 1.3495, 1.3546/68, 1.3614, 1.3795/98 and 1.3813/27.Above: 1.3854/58, 1.3868, 1.3973, 1.4054, 1.4246 and 1.4548. Support:Initial: 1.3362, 1.3333, 1.3241/58, 1.3211, 1.3145, 1.3055 and 1.3000.Below: 1.2968, 1.2917, 1.2873, 1.2643 and 1.2586. USDJPY: Mildly Higher Resistance:Initial: 78.28, 78.66, 79.05, 79.40, 79.52, 79.96, 80.00, 80.22 and 80.82.Above: 81.34, 81.76, 82.01/22, 82.77, 83.09 and 83.77. Support:Initial: 77.78/89, 77.48, 77.29, 77.00, 76.83, 76.57, 76.41, 76.10, 75.94 and 75.70.Below: 75.65, 75.56, plus 75.00 and 70.00 likely. GBPUSD: Lower Resistance:Initial: 1.5624/85, 1.5691, 1.5745, 1.5868/90, 1.5912/19, 1.5932, 1.5945 and 1.5977.Above: 1.6000, 1.6093, 1.6130/65, 1.6206, 1.6259, 1.6332/47, 1.6434/73, 1.6500/98 and 1.6616. Support:Initial: 1.5516/31, 1.5483, 1.5422, 1.5373, 1.5339/55, 1.5326, 1.5293, 1.5270, 1.5123 and 1.5000.Below: 1.4947, 1.4782, 1.4769, 1.4474, 1.4345 and 1.4229. AUDUSD: Lower Resistance:Initial: 1.0229, 1.0303/70, 1.0444/98, 1.0608, 1.0654 and 1.0718/84.Above: 1.1010 and 1.1079. Support:Initial: 1.0184, 1.0100/16, 1.0052, 1.0000, 0.9925/83, 0.9863 and 0.9732.Below: 0.9689, 0.9661/67, 0.9651, 0.9620/27, 0.9536/41, 0.9500, 0.9486, 0.9386, 0.9341 and 0.9220. USDCAD: Mildly Higher Resistance:Initial: 1.0221, 1.0262/87, 1.0302, 1.0337, 1.0417, 1.0438, 1.0481, 1.0500, 1.0506, 1.0522, 1.0646/56, 1.0669, 1.0742, 1.0756 and 1.0785.Above: 1.0853, 1.0868, 1.1000 and 1.1101/23. Support:Initial: 1.0172/99, 1.0132/42, 1.0105, 1.0026/78, 0.9969 and 0.9934.Below: 0.9891, 0.9828/77, 0.9724/96, 0.9686 and 0.9645. NZDUSD: Lower Resistance:Initial: 0.7804, 0.7836, 0.7855/59 and 0.7881/88.Above: 0.7955/96, 0.8066/93, 0.8109/90 and 0.8240. Support:Initial: 0.7795, 0.7761, 0.7723/41, 0.7605/72, 0.7500/52, 0.7404/67, 0.7369, 0.7342 and 0.7321.Below: 0.7189, 0.7115, 0.7000, 0.6945/62, 0.6793 and 0.6560. More articles from ForexTraders….
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December 5 2011, 7:53pm | Comments »
Weekly Forex Market Forecast (November 28th – December 2nd 2011)

By Michael Trinkle, ForexTraders Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of November 28th – December 2nd, with release times displayed for the GMT time zone. The list also includes the current market consensus forecast for each event and indicates what sort of deviation might affect the forex market valuation of the indicated currency positively. Monday, November 28th

12:00am NZD NBNZ Business Confidence (last 13.2, > good for NZD) 3:00pm GBP Inflation Report Hearings (hawkish = good for GBP) 3:00pm USD New Home Sales (313K, > good for USD)

Tuesday, November 29th

7:00am GBP Nationwide HPI (-0.1%, > good for GBP) 3:00pm USD CB Consumer Confidence (43.8, > good for USD) 9:45pm NZD Building Consents (last -17.1%, > good for NZD)

Wednesday, November 30th

12:30am AUD Private Capital Expenditure (8.2%, > good for AUD) 10:30am CHF KOF Economic Barometer (0.66, > good for CHF) 1:15pm USD ADP Non-Farm Employment Change (131K, > good for USD) 1:30pm CAD GDP (0.2%, > good for CAD) 3:00pm USD Pending Home Sales (1.3%, > good for USD)

Thursday, December 1st

12:30am AUD Building Approvals (3.6%, > good for AUD) 12:30am AUD Retail Sales (0.4%, > good for AUD) 1:00am CNY Manufacturing PMI (49.8) 1st-7th GBP Halifax HPI (1.2%, > good for GBP) 9:30am GBP Manufacturing PMI (47.2, > good for GBP) 1:30pm USD Weekly Initial Jobless Claims (390K, < good for USD) 3:00pm USD ISM Manufacturing PMI (51.6, > good for USD)

Friday, December 2nd

8:15am CHF Retail Sales (1.2%, > good for CHF) 9:30am GBP Construction PMI (52.2, > good for GBP) 12:00pm CAD Employment Change (17.2K, > good for CAD) 12:00pm CAD Unemployment Rate (7.3%, < good for CAD) 1:30pm USD Non-Farm Payrolls (119K, > good for USD) 1:30pm USD Unemployment Rate (9.0%, < good for USD)

Technical Forecast and Levels to Watch for the Majors This Week EURUSD: Mildly Lower Resistance:Initial: 1.3241/44, 1.3333 1.3360, 1.3411/83, 1.3495, 1.3557/68 and 1.3614Above: 1.3795/98, 1.3813/27, 1.3854/58, 1.3868 and 1.3973. Support:Initial: 1.3211, 1.3145, 1.3055 and 1.3000.Below: 1.2968, 1.2917, 1.2873, 1.2643 and 1.2586. USDJPY: Mildly Higher Resistance:Initial: 77.78/89, 78.66, 79.05, 79.40, 79.52, 79.96, 80.00, 80.22 and 80.82.Above: 81.34, 81.76, 82.01/22, 82.77, 83.09 and 83.77. Support:Initial: 77.48, 77.00, 76.83, 76.57, 76.41, 76.10, 75.94, 75.70, 75.65 and 75.56.Below: 75.00 and 70.00 likely. GBPUSD: Mildly Lower Resistance:Initial: 1.5483, 1.5516/31, 1.5630/85, 1.5691, 1.5745, 1.5868/90, 1.5912/19, 1.5932, 1.5945 and 1.5977.Above: 1.6000, 1.6093, 1.6130/65, 1.6206, 1.6259, 1.6332/47, 1.6434/73, 1.6500/98 and 1.6616. Support:Initial: 1.5422, 1.5373, 1.5339/55, 1.5326, 1.5293, 1.5270, 1.5123 and 1.5000.Below: 1.4947, 1.4782, 1.4769, 1.4474, 1.4345 and 1.4229. AUDUSD: Mildly lower Resistance:Initial: 0.9732, 0.9863, 0.9925/83, 1.0000, 1.0052, 1.0100/16, 1.0184, 1.0201/29 and 1.0303/70.Above: 1.0444/98, 1.0608, 1.0654 and 1.0718/84. Support:Initial: 0.9689, 0.9661/67, 0.9651, 0.9620/27, 0.9536/41, 0.9500 and 0.9486.Below: 0.9386, 0.9341, 0.9220, 0.9000, 0.8858 and 0.8577. USDCAD: Mildly Higher Resistance:Initial: 1.0500, 1.0506, 1.0522, 1.0646/56, 1.0669, 1.0742, 1.0756 and 1.0785.Above: 1.0853, 1.0868, 1.1000 and 1.1101/23. Support:Initial: 1.0481, 1.0438, 1.0417, 1.0337, 1.0302, 1.0262/87, 1.0210/33, 1.0172/99, 1.0132/42, 1.0105 and 1.0026/75.Below: 0.9969, 0.9934, 0.9891, 0.9828/77, 0.9724/96, 0.9686 and 0.9645. NZDUSD: Mildly lower Resistance:Initial: 0.7504, 0.7523, 0.7549/52, 0.7605/72, 0.7723/41, 0.7795, 0.7804, 0.7855/59 and 0.7881/88.Above: 0.7955/96, 0.8066/93, 0.8109/90 and 0.8240. Support:Initial: 0.7500, 0.7453/67, 0.7426, 0.7404, 0.7369, 0.7342 and 0.7321.Below: 0.7189, 0.7115, 0.7000, 0.6945/62, 0.6793 and 0.6560. More articles from ForexTraders….
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November 28 2011, 7:24pm | Comments »

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