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Long Term Analysis - June 4, 2010 - European Session

2010-06-04T14:36:00.001+07:00

EUR / USD: Bearish. Target of 1.211 and 1.183. Resistance 1.245.
USD / JPY: NEUTRAL. Support 89.0. 93.0 Resistance.
GBP / USD: Bearish. Target of 1.444 and 1.423. Resistance 1.488.
USD / CHF: Bullish. Target of 1.174. Support 1.477.
AUD / USD: Bearish. Target of 0.828 and 0.82. Support 0.807. Resistance 0.855.
USD / CAD: Bullish. Target of retrace 1.025. Resistance 1.057 and 1.085.
EUR / CHF: Bearish. Target 1.4. Resistance 1.418.
EUR / GBP: Bearish. Target of 0.824. Resistance 0.848.
EUR / JPY: Bearish. Support 111.0 and 108.8. Resistance 115.5.

Optimistic investors, the EUR / USD Stronger

2010-06-03T13:52:00.001+07:00

EUR / USD tersupport in the Asian session this afternoon and continue to crawl up to the level of 1.23. Investors optimistic again today and opt out of the USD and the Yen as a safe-haven status. 1.236 will be a resistance level at the moment and if it pierced the 1.25 will return as the next target. Support at 1.21 level.

Stronger Asian markets, the AUD / USD Continues Rise to 0.848

2010-06-03T13:51:00.001+07:00

AUD / USD moves up further, touching the 0.848 level. Action buying AUD / JPY back to bloom occurs, along with the rising Asian stocks. The Nikkei rose 3% while other exchanges varied between 0.5% to 2%. Resistance at 0.855 level which is the highest point on May 25 yesterday.

Trade data from the Australian Better Prediction, AUD / USD Stronger

2010-06-03T10:32:00.001+07:00

AUD / USD moves up to around 0.845 this morning. Australia's trade data showed a surplus of A $ 134 million and is far better than predicted. AUD / JPY hit by action of buying and impact on the rising AUD / USD. The next resistance at 0.848 level.

Long Term Analysis - June 3, 2010 - Asian Session

2010-06-03T10:31:00.001+07:00

EUR / USD: Bearish. Target of 1.211 and 1.183. Resistance 1.245.
USD / JPY: Bearish. Support 90.5 and 90.0. 93.0 Resistance.
GBP / USD: Bearish. Target of 1.444 and 1.437. Resistance 1.488.
USD / CHF: Bullish. Target of 1.174. Support 1.145.
AUD / USD: Bearish. Target of 0.82 and 0.807. Resistance 0.855.
USD / CAD: Bullish. Target of 1.057 and 1.085. Support 1.041 and 1.025.
EUR / CHF: NEUTRAL. Support 1.411 and 1.4. Resistance 1.431 and 1.436.
EUR / GBP: Bearish. Target of 0.824. Resistance 0.848.
EUR / JPY: Bearish. Target 109.8 and 108.8. Resistance 113.7.

Fundamental Analysis - June 3, 2010

2010-06-03T10:30:00.000+07:00

Asia Session

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6:50 pm --- --- Japan --- Capital Spending This data will give an indication of Japan's economic health. Predicted, the business sector expenditures will decrease 9.5% compared to the previous quarter. If released better than these numbers, will benefit the yen, because expenditure larger companies will improve market conditions, including employee payroll.

8:30 AM Trade Balance --- Australia --- --- Australia's trade deficit is predicted to shrink sharply to -770 million AUD only, compared to last month amounted to -2.08 billion AUD.

European Session

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13:00 pm --- English --- --- HPI Nationwide UK house prices showed a convincing improvement. This month's data is predicted to rise by 0.5%. Although not as big as previous months, but a positive number will give a good signal for the British economy.

15:30 pm --- English --- --- After Services PMI fell in two consecutive months, the European retail sales data expected to be increased slightly, to about 55.6.

16:00 pm --- --- Europe --- Retail Sales Retail sales stagnate Europe last month, this time to predict the data will tend to stagnate or show a thin 0.1% increase. If the released negative, it will put pressure for the euro.

American session

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19:15 pm --- --- U.S. ADP Non-Farm Employment Change --- Along with the increase of jobs in America, then the total labor force is also expected to increase by 56 000. If the release is higher, it will be beneficial to USD.

19:30 pm --- --- United States --- unemployment Claims In two weeks prior, unemployment claims are always higher than expectations. This time, the data is predicted to drop to 451 000, but if the release was higher than predicted, it will have negative impact on CAD.

21:00 pm --- --- America --- ISM Non-Manufacturing Survey at 400 This manager will provide a picture of U.S. economic health. After rising in recent months, this time data is also predicted to continue rising. If released at the top will be good for EUR 55.9.

22:15 pm --- --- America --- President of the Fed's Bernanke's speech, Ben Bernanke, will be the speakers at the event Financial Needs of Small Businesses, Federal Reserve Bank of Chicago, Detroit. Optimistic statements that will support the USD.

23:15 pm --- --- American Speech Boston Fed President Rosengren --- will bring a speech titled "The Federal Reserve's Response to the Financial Crisis" at New England Financial Executives Conference, in Springfield.

AUD / USD Rise With Asian Stock Markets

2010-06-02T10:48:00.002+07:00

AUD / USD tersupport to a level of 0.835 this morning. Nikkei rise, and some Asian stock markets made AUD tersupport. However, news that Prudential cancel the offer for the AIA will be a little burdensome AUD. Resistance at 0.838 and 0.844 if pierced by the level will be the next target.

USD / JPY Rise to 91.7 dashed

2010-06-02T10:48:00.001+07:00

USD / JPY shot up to 91.7 this morning. Some stop in the range of 91.6 touched earlier and provide momentum for the USD / JPY to continue to move higher. Selling interest in the level of 92.0. Buy stops are found waiting in the 92.0. If touched, it is 92.2 to 92.3 will be the next target.

Nikkei recovery, EUR / USD Move Up

2010-06-02T10:47:00.001+07:00

EUR / USD back up to the level of 1.225 this morning. Euro received support from the Nikkei recovery that triggers the action to buy the EUR / JPY. Resistance at 1.227 and 1.2332 for the moment. Option expiry of the existing in 1.21 and 1.25. In addition, traders who reportedly sell are looking for better levels to profit taking.

Long Term Analysis - June 2, 2010 - Asian Session

2010-06-02T10:46:00.000+07:00

EUR / USD: Bearish. Target of 1.214 and 1.183. Resistance 1.245.
USD / JPY: Bearish. Support 89.8. 91.9 Resistance.
GBP / USD: Bearish. Target of 1.423. Resistance 1.473.
USD / CHF: Bullish. Target of 1.174. Support 1.148.
AUD / USD: Bearish. Support 0.831 and 0.807. Resistance 0.855.
USD / CAD: Bullish. Target of retrace 1.041. Resistance 1.056 and 1.085.
EUR / CHF: NEUTRAL. Support 1.411 and 1.4. Resistance 1.431 and 1.436.
EUR / GBP: Bearish. Target of 0.824. Resistance 0.855.
EUR / JPY: Bearish. Target of 108.1. Resistance 113.7.

Push the RBA statement AUD / USD Moving Up

2010-06-01T15:39:00.001+07:00

AUD / USD back up to 0.84 after the RBA issued a statement-a statement. What is not expressed by the RBA as predicted sepesimistis, it makes the AUD tersupport. However, the RBA also warned that inflation remains a threat, although still within tolerable limits.

AUD / USD Translucent Support, down to 0.835

2010-06-01T11:57:00.000+07:00

AUD / USD slid further and further down, pair now beraka in the range of 0.835. Support in the range of 0.837 to 0.836 does not seem able to withstand the rapid rate of decrease in the AUD / USD. The next support at 0.84 level. RBA interest rate is still the potential to cause volatility, as are the RBA's statements that accompany it.

EUR / JPY Tersupport, Slowly Rise to 111.6

2010-06-01T11:56:00.000+07:00

EUR / JPY moved down into the range of 111.3 this morning along with a significant drop in Asian stocks. This afternoon, pair looked tersupport and slowly back to 111.6. Selling interests in 112.0 will be a resistance level and intention to purchase reportedly still waiting in 111.3. Pair expected to be ranging between those levels until the European session this afternoon.

Asian Stock Markets Decline, AUD / USD Weakens

2010-06-01T11:55:00.002+07:00

AUD / USD this morning had stressed to 0.838. But the pair are now back up above 0.84. AUD depressed by a drop in Asian stocks. Nikkei down 0.7% and Australia's stock exchange fell 0.6%. Similarly, the Kospi also declined 0.5%. Support at .838.

Long Term Analysis - June 1, 2010 - Asian Session

2010-06-01T11:55:00.001+07:00

EUR / USD: Bearish. Target of 1.214. Resistance 1.245.
USD / JPY: Bearish. Support 90.6. 91.9 Resistance.
GBP / USD: Bearish. Target of 1.423. Resistance 1.47.
USD / CHF: Bullish. Target of 1.174. Support 1.145.
AUD / USD: Bearish. Support 0.831 and 0.807. Resistance 0.855.
USD / CAD: Bullish. Target of 1.085. Support 1.044 and 1.041.
EUR / CHF: NEUTRAL. Support 1.411 and 1.4. Resistance 1.431.
EUR / GBP: Bearish. Target 0.84. Resistance 0.86.
EUR / JPY: Bearish. Target of 108.1. Resistance 113.7.

Fundamental Analysis - June 1, 2010

2010-06-01T07:55:00.000+07:00

Asia Session

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8:00 pm --- --- China --- Manufacturing PMI PMI data of China is stable at 55 for two months earlier, the data today are expected to slightly decrease to 54.8. If released better than predicted, will affect the global market.

8:30 pm --- Australia --- Building Approvals --- After a sharp increase from -3.3% to 15.3% last month, predicted an early time data will be re-corrected. If released on top of -4.9%, it will be good for the AUD.

8:30 AM Retail Sales --- --- Australia --- Australia's economic strength is likely to continue. Estimated retail sales again rose $ 0.4, is relatively similar to last month.

11:30 pm --- --- Australia --- Cash Rate The interest rate is predicted to remain at the level of 4.5% after the second consecutive month increased 25 basis points. If there is an increase again, it will be profitable AUD.

11:30 pm --- Australia --- --- RBA RBA Rate Statement will give their views about the Australian economy and also the possibility that monetary policy will be applied. Optimistic statement that will benefit the AUD.

European Session

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13:00 pm --- Europe --- Germany --- Retail Sales After two consecutive months of negative release, retail sales data in Germany is predicted to be positive this month. This month's data is predicted to rise 0.8% but keep in mind that the condition of Europe today is still not convincing. There is potential for communities still berwaspada of expenditure, as shown similar data last month.

14:55 pm --- Europe --- Germany --- Change unemployment data indicate a significant decrease in the last two months. This month, the number is predicted to remain down, but not significant as last month. Shrinking consumer confidence will affect the labor sector. Data which is lower than predicted, will benefit the Euro.

15:30 pm UK --- --- --- Manufacturing PMI data this month is still relatively the same predicted the preceding months in the range of 57-58. Still the lack of significant things that trigger optimism index for the manufacturing sector makes a relatively stagnant. If released over GBP 57.8 it will be profitable.

16:00 pm --- Europe --- --- Unemployment Rate European unemployment is predicted to return increased to 10.1% in line with the poor condition of the European zone countries in recent years. If released to rise, perhaps even above 10.1%, the Euro will be under pressure.

American session

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20:00 pm --- Canada --- --- BoC Interest Rate Decision in a few weeks this is predicted to rise 25 basis points, from 0.25% to 0.5%. Rate hike would be good for CAD. However, there is speculation that rising interest rates will occur on July 20, not today. If so, then the CAD would be depressed.

20:00 pm --- Canada --- --- Bank of China Governor BoC Rate Statement will explain the reasons underlying the interest rate decision, an optimistic statement will provide support for CAD.

21:00 pm --- America --- --- ISM Manufacturing PMI PMI data continued to show improvement during the last two months. This time data is predicted will be slightly corrected, to about 59.3. If released better than predicted, will benefit the U.S. dollar.

Long Term Analysis - May 31, 2010 - Session America

2010-05-31T21:39:00.002+07:00

EUR / USD: Bearish. Target of 1.214. Resistance 1.245.
USD / JPY: Bearish. Target 89.8.
GBP / USD: Bearish. Target of 1.423. Resistance 1.47.
USD / CHF: Bullish. Target of 1.174. Support 1.145.
AUD / USD: Bearish. Target of 0.807. Resistance 0.855.
USD / CAD: Bullish. Target of 1.085. Support 1.044 and 1.041.
EUR / CHF: NEUTRAL. Support 1.411 and 1.4. Resistance 1.431.
EUR / GBP: Bearish. Target 0.84. Resistance 0.86.
EUR / JPY: Bearish. Target of 108.1. Resistance 113.7.

Credit Rating Downgrade Spain still impose Euro

2010-05-31T21:39:00.001+07:00

EUR / USD again depressed to enter the European session this afternoon. Lowered the credit rating of Spain makes Euro depressed this weekend, and the impact is still felt today. There is little interest in selling at the level of 1.232 to 1.233. Meanwhile, buying interest in the 1.228 to 1.227. Pairs are now in the 1.23 and 1.226 or 1.233 need to penetrate could give a clearer picture of the movement.

Long Term Analysis - May 31, 2010 - European Session

2010-05-31T13:46:00.000+07:00

Investors Sell Off position, the EUR / USD shot Rise

2010-05-31T11:00:00.000+07:00

EUR / USD moves up to around 1.232. Investors seem to sell off positions, so the pair move higher. Resistance is in the level of 1.233 to 1.234. If penetrated, then EUR / USD has the potential rise to around 1.239.

Forex Week - May 31, 2010 till June 4, 2010

2010-05-31T10:58:00.000+07:00

EUR / USD
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Pair continued downward movement last week, the pair had even pressured down to the level of 1.215. EUR / USD finally closed slightly stronger to 1.227 in trading at the weekend. Movement earlier this week estimated that between 1.214 to 1.233. If the resistance is 1.233 pierced, then the pair potential to continue to do recovery to 1.246 or 1.267. Further movement will open doors to 1.3 again. Conversely, the down side, there are more targets in 1.2. If pierced the 1.18 and 1.16 would be targeted. Pair is likely to continue to stress, some rumors decline also threatened the credit rating of the power of the Euro.

GBP / USD
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Pair of volatile moves last week, after the pair fell to 1.422 and then turned up to around 1.461. Pair back down and finally closed at 1.445. Movement at the beginning of this week's estimated there are between 1.44 to 1.452. European debt problem continued to affect investor behavior, and of course impact on the GBP. The next strong resistance at 1.461 and if penetrated, then the pair potential to rise to 1.478. If 1.44 impregnable, then 1.422 and 1.413 will be targeted, if you still continue to fall to 1.38 then the door will be opened again.

AUD / USD
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AUD / USD could test the .806 but the pair bounced off support and finally closed at 0.847 level. Pairs seem to still be tersupport, good fundamentals make AUD Australia tends to strengthen. Initial resistance at 0.847 and 0.856, and if it pierced the 0.88 will be the next target. If it still continues to move up, it will pave the way to level 0.9. Conversely, below, support is in 0.824. If pierced by the 0.806 and 0.786 will be the next support.

USD / CAD
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Pair could go up to 1.085 and the highest level recorded in the last six months. However, the pair re-corrected and went down to 1.055 at the close of the weekend. USD / CAD this week likely will continue to be bearish, fundamentals still seem to Canada will continue to support. 1.04 and 1.02 levels is still a major support in the lower side. If pierced by the level below 1.0 will return as the target. Conversely, if the pair turned up again, then 1.055 and 1.075 will be the target, with further resistance at the 1.085 level. If penetrated, then 1.113 will be the next target.

Written by surabayaforex.com

USD / CAD Ranging in 1.047

2010-05-29T18:04:00.002+07:00

USD / CAD moves ranging in a narrow range of 1.047 at this time. Pairs predicted will continue to try to get through 1.04. If it fails then the pair berpeluant bounce to around 1.06 to 1.065 again. Commodity price moves are varied and the level of risk that investors still have not shown convincing. Announcement of the Bank of Canada interest rate next Tuesday will be the focus seems

Long Term Analysis - May 28, 2010 - Session America

2010-05-29T18:04:00.001+07:00

EUR / USD: Bearish. Target of 1.214. Resistance 1.273.
USD / JPY: Bearish. Target 88.3. 91.9 Resistance.
GBP / USD: Bearish. Support 1.437 and 1.423. Resistance 1.47.
USD / CHF: Bullish. Target of 1.17 and 1.174. Support 1.145 and 1.136.
AUD / USD: Bearish. Target 0.8. Resistance 0.858.
USD / CAD: Bullish. Target of retrace 1.041. Resistance 1.072 and 1.085.
EUR / CHF: NEUTRAL. Support 1.4. Resistance 1.437.
EUR / GBP: Bearish. Support 0.84. Resistance 0.86 and 0.881.
EUR / JPY: Bearish. Target of 108.1. Resistance 114.4.

Need pound weakened, EUR / GBP Sharp Rise

2010-05-28T18:56:00.001+07:00

EUR / GBP 0.851 sped up to around noon today. Action substantial purchasing related needs of the end of the month to make Euro tersupport. In addition, British officials claim that Pound should be weakened to stabilize the depressed economy is making GBP. If the EUR / GBP was not able to continue the momentum, then the target will be 0.84 and 0.833 re-targeted.

Long Term Analysis - May 28, 2010 - European Session

2010-05-28T18:55:00.001+07:00

EUR / USD: Bearish. Target of 1.214. Resistance 1.273.
USD / JPY: Bearish. Target 88.3. 91.9 Resistance.
GBP / USD: Bearish. Support 1.423 and 1.411. Resistance 1.47.
USD / CHF: Bullish. Target of 1.174. Support 1.145 and 1.136.
AUD / USD: Bearish. Target 0.8. Resistance 0.858.
USD / CAD: Bullish. Target of retrace 1.041. Resistance 1.085.
EUR / CHF: NEUTRAL. Support 1.4. Resistance 1.459.
EUR / GBP: NEUTRAL. Support 0.84. Resistance 0.86 and 0.881.
EUR / JPY: Bearish. Target of 108.1. Resistance 114.4.