technical

major-market-mover-01-14-2008

muhammed2321@gmail.com (muhammed) — Mon, 14 Jan 2008 11:15:00 +0000

A Busy Week…
After a somewhat calm week, dominated mainly by Central Banks' comments, yet the heat was coming mainly from the European continent, this week, the heat is expected to be more apparent from the U.S. markets, where fundamentals from all economic sectors are to be pumped in.
The U.S. economy is about to take over the direction of the markets in the upcoming week, setting the dollar value to an adjustable level, just parallel with interest rate expectations based on whatever fundamentals we have on hand, data from inflation, growth, and the housing sector will matter the most.Inflation will be the main highlight for this week, with the PPI and CPI numbers taking all the lights, yet with an extremely dovish policy stand from the Fed chairman, inflation levels will be important not to set the way for the interest rate decision, but to make the FOMC feel more comfortable while deciding based on growth, at the same time, having high inflation with such policy stand means more problems in one rusty economy. Housing data will be one of the main issues to look at during this week and the week after, we have the housing starts and building permits reading, to give us more insights about the situation of the housing market, the cause of all the troubles in the U.S. economy and in the world in general.More on the U.S. economy, we have the retail sales readings, net cash flows, the Fed's beige book, and more fundamentals all contributing to the growth overall picture, yet we are still eagerly waiting for growth data to be released for the 4th quarter 2007.As for today, the main highlight will be inflation levels in the United Kingdom, as PPI numbers are just on the queue, with the BoE keeping rates steady last week, data is expected to show that the decision was just a right one, as inflation levels in the royal economy is still on the upper limits of the range.Dear reader, fasten your seatbelt, from the center of the Euro area we are taking a jet to the heart of North America, as we are planning to stay there for the whole week, so come on board and let the journey begin...

technical analysis 01-14-2008

muhammed2321@gmail.com (muhammed) — Mon, 14 Jan 2008 11:10:00 +0000

euro

The European currency last week moved to the downside direction to reverse back from the mentioned significant support level as low as 1.4660s at the horizontal support line to hold the euro up until the key resistance level at 1.4770s in high volume. This indicated the upside potential for today to set the target at 1.4880s resistance level. The trading range for today might be between the key resistance level at 1.4900 and the key support level at 1.4600. The general trend is up as far as 1. 4270 remains intact targets now at 1.5000 and 1.5370.

Support
1.4733
1.4714
1.4692
1.4670
1.4647
Resistance
1.4765
1.4787
1.4810
1.4828
1.4860
Recommendation
We expect buying Euro above 1.4735 with a target at 1.4830, stop loss below 1.4690.
gbp

The British pound last Friday dropped in a strong bearish move after it failed to pass the key resistance level at 1.9620 to decline further and hit the levels of 1.9490s. This opened a new chance for the pound to retest the major upside trend line at the point of 1.9460s supports, so the pound today might progress towards the downside as well. The trading range for today might be between the key resistance level at 1.9700 and the key support level at 1.9400.The general trend is up as far as 1.9460 remains intact targets now at 2.1150 and 2.1400.

Support
1.9527
1.9498
1.9483
1.9464
1.9440
Resistance
1.9565
1.9592
1.9620
1.9645
1.9674
Recommendation
We expect selling sterling below 1.9600 with a target at 1.9480 stop loss above 1.9640.
jpy

The dollar against the Japanese yen dropped towards the downside since it faced a solid resistance level last Friday at 109.80s causing a rapid drop to the downside. Hence, the pair opened the chance to move towards 107.80s support level to extend the downside wave until the levels of 107.00. The trading range for today will be between the key resistance at 110.70 and the key support at 107.50The general trend is down as far as 121.30 remains intact, targets at 106.45 and 104.70.

Support
108.40
108.20
107.90
107.65
107.30
Resistance
108.80
109.07
109.30
109.57
109.78
Recommendation
We expect selling USD/JPY below 109.15 with a target at 108.00, stop loss above 109.80.
chf

The dollar against the SWISS Frank declined last week due to the sell-off on the pair. The technical direction parameters show the continuation pattern to the downside targets within the downside channel, and thus we expect a bearish drop for today. The trading range for today will be between the key resistances at 1.1100 the key support at 1.0920.The general trend is down as far as 1.1830 remains intact, targets at 1.0850 and 1.0640.

Support
1.1050
1.1020
1.0998
1.0966
1.0939
Resistance
1.1070
1.1090
1.1112
1.1130
1.1150
Recommendation
We expect selling USD/CHF below 1.1040 with a target at 1.0960, stop loss above 1.1080.
cad

The dollar against the Canadian obviously jumped to the upside direction to record new highs last time with high level of volume to set the target at the main descending trend line at 1.0350s after it worked to adjust the technical pattern to the upside to show the mentioned level. However, we expect the pair after that to drop down again. The trading range for today will be between the key resistance at 1.0300 and the key support at 0.9965.The general trend is down as far as 1.0400 remains intact, targets will be 0.9030 and 0.8965.

Support
1.0220
1.0200
1.0180
1.0155
1.0127
Resistance
1.0250
1.0275
1.0307
1.0318
1.0346
Recommendation...

market news 01/14/2008

muhammed2321@gmail.com (muhammed) — Mon, 14 Jan 2008 11:00:00 +0000

EU Data
The Euro zone released its industrial production for the month of November showing a better than expected drop of -0.5% compared to the predicted drop of -0.8%. However, the reading was much lower than the previous rise of 0.4%. As for the yearly reading, it was released at 2.7%, slightly lower than the forecasted reading of 2.8% and the prior reading of 3.8%.
UK PPI
The December United Kingdom output and input Producer Price Index came out showing better than expected data; the monthly output came at 0.5% inline with Novembers 0.5% slightly higher than the median estimate 0.4%; the yearly output rose to 5.0% from the previous 4.5% and the median estimate 4.7%; the Core output rose to 0.4% from the revised previous 0.2% and forecast 0.2%, the yearly core also rise to 2.5% from the previous 2.3% and 2.2%. The input PPI monthly inched lower to 0.5% from the November 1.7% and the median estimate 0.8%, the yearly rose to 11.3% from the revised 10.8% and the forecast 10.6%.
OPEC
OPEC said on Monday that its basket prices dropped to reach 89.86$ per barrel on Thursday from 88.50$ per barrel.
European Stocks
The European stocks declined in the early morning transactions on Monday for the seventh session in the past nine as continues fears concerning the U.S. heading into a recession surrounds investors.
Euro Levels
Euro inclined in the morning trading on monday to its highest levels in two months against the U.S. dollar, as the Aerican dollar is losing ground against all majors, as the FOMC rate decision is approaching and more earnings from the financial sector are on the way.
Gold Prices
Gold prices inclined on monday to reach 899$ per ounce, with increasing speculation and demand on the safe heaven with all the turbulances that is happening in the markets, and les dollar purchasing value.
American stocks
The American Stocks closed on a decline on friday continuing its losses for the third consecutive week, with more defaults on all kinds of credit.

markat-news-1/8/2008

muhammed2321@gmail.com (muhammed) — Tue, 08 Jan 2008 12:49:00 +0000

A.M. Fixing
Gold prices were set in London's A.M. fixing on Tuesday at $873.25 per ounce inclining from $859.25 per ounce in the previous P.M. fixing.
German Factory Orders S.A
German Factory Orders S.A for the month of November came in at 3.4% higher than the forecasted fall of 1.8% yet lower than the prior rise of 4.0%.
This rise was said to have come from the rising growth in domestic demand of 4.2% and the strong foreign of demand of 2.8%. Growth was driven by orders for producer and capital goods as it grew by 4.3% and 3.6% respectively. Consumer goods demand retreated 1.1%. Capital goods orders from the Euro zone and non Euro zone countries also rose 3.3% and 1.0% respectively on the seasonally adjusted basis. Demand from the 13-nation region inclined 6.8% compared to orders from other countries which fell 0.5%.
With industrial production from Germany to be released later this week, the strong factory orders reading reflected a strong industrial producion reading markets so far project a rise by 0.5% the last month.
EU Retail Sales
The Euro Zone released its retail sales reading for the month of November showing a drop of 0.5% compared to the expected rise of 0.5% and the previous reading of -0.7%. As for the yearly reading, sales were down 1.4% as forecasts were also for a rise of 0.5% and the previous reading was revised to the upside to 0.4% from 0.2%.
The crash in the retail sales in November was the biggest drop since records began in 1997. The major contributors to this fall were seen in Belgium as sales fell 1.1%, Portugal losing 1.0% in their sales, Slovenia dropping -0.8. France the second-largest economy in the Euro area showed that their sales also dropped 0.6%.
At the other end, the decline in sales was somewhat offset by Finland which showed a rise of 0.9% and Luxembourg with surprising leap of 13.5%.
Sales of food, drinks and tobacco declined 0.4% on the month and 1.1% on the year in November, while sales of non-food items fell 0.6% in November and 1.7% on the yearly basis.
The week retail sales reading doesn't look good for the growth of the Euro-zone as it might affect consumer spending in the upcoming period. This reading also reflects the high-rate of inflation in that area which is currently at around 3.1%, much higher than their 2.0% target; placing the ECB in a pickle on whether they should cut or hike rates. However, expectations still suggest that the ECB will keep rates steady at 4.0%.
Gold Record High
Gold hit a new record high of $875.80 per ounce in the early morning transactions in the European session as inclining oil prices and falling of the U.S. dollar due to expectations of a recession in the U.S. economy increased the appeal for the metal.
OPEC Basket
OPEC stated on Tuesday that its basket price fell to $92.01 per barrel on Monday from $93.66 per barrel last Friday.
European Stocks
The European Stocks inclined in the early morning transactions on Tuesday to cover recent losses that were due to increasing expectations of a rate cut by the Fed's.
Gold Prices
Gold prices inclined at the early European trading session on Tuesday, opening at 859.70-860.40$ per ounce from yesterday NY session.
US Dollar
The US dollar stabilized against the Japanese Yen at the early Asian trading session on Tuesday after dropping to the lowest in six weeks due to some weak US employment data which enriched expectations of a potential rate cut in the upcoming meeting.
Nikkei index
Japanese Stocks inclined at Tokyo's closing session on Tuesday due to high priced deals, rising for the first time since the beginning of the New Year; Nikkei Index inclined with about 0.19% rising to 14365.86 points as investors' headed to buy shipment sector stocks and railroad stocks.
American session
Dow Jones and S&P 500 inclined on Monday supported by medical stocks and primary goods stocks, as investors' perceives it as the best in fighting any slowdown in the economy after the release of some weak employment data. Dow Jones Index rose 27.31 points almost 0.21% reaching 12827.49 point; S&P 500 rose 4.63 points almost 0.33% recording 1416.26 points; but NASDAQ dropped 5.19 points about 0.21% to 2499.46 points.

technical analysis 1/8/2008

muhammed2321@gmail.com (muhammed) — Tue, 08 Jan 2008 12:35:00 +0000

euro

The European currency failed to move in the upside direction as it faced a solid resistance level at 1.4750s to take the euro down until the levels of 1.4660s support area. In the meantime, the technical oscillators have adjusted to show the downside direction today as it formed some bearish signals which opened a channel until the major support level at 1.4550s. The trading range for today might be between the key resistance level at 1.4800 and the key support level at 1.4500. The general trend is up as far as 1. 3860 remains intact targets now at 1.5000 and 1.5230.

Support
1.4687
1.4660
1.4647
1.4625
1.4606
Resistance
1.4718
1.4743
1.4765
1.4780
1.4803
Recommendation...
gbp

The British pound yesterday fluctuated in the downside direction to hit the low at the strong support area near the 1.9650s. Nevertheless, the pound tried to gather bullish momentum as it remained trading above the important area at 1.9700; hence we expect the pound today to move in the upside direction as the technical directional indicated. The trading range for today might be between the key resistance level at 1.9900 and the key support level at 1.9500.The general trend is up as far as 1.9460 remains intact targets now at 2.1170 and 2.1450.

Support
1.9688
1.9661
1.9663
1.9616
1.9590
Resistance
1.9720
1.9744
1.9767
1.9789
1.9826
Recommendation
We expect buying sterling above 1.9675 with a target at 1.9800 stop loss below 1.9620.
jpy

The dollar against the Japanese yen last time rallied in the upside direction with high levels of volume to hit the major resistance 109.70s. However, it declined in the last session consolidating around the 109.00 levels due to lower volume. Today the pair is expected to move in the bullish side slightly.The trading range for today will be between the key resistance at 111.00 and the key support at 106.80.The general trend is down as far as 121.30 remains intact, targets at 112.40 and 111.20.

Support
108.85
108.56
108.37
108.10
107.82
Resistance
109.05
109.27
109.48
109.66
109.90
Recommendation...
chf

The dollar against the SWISS Frank rallied in the upside direction yesterday with high levels of volume in projection after it dropped in a major move last week. Today we expect the pair to progress in the upside direction after the technical parameters reflected the upside projection. The trading range for today will be between the key resistances at 1.1300 the key support at 1.1050.The general trend is down as far as 1.2020 remains intact, targets at 1.0900 and 1.0740.

Support
1.1145
1.1125
1.1106
1.1087
1.1069
Resistance
1.1170
1.1193
1.1226
1.1258
1.1280
Recommendation
We expect buying USD/CHF above 1.1140 with a target at 1.1200, stop loss below 1.1090.
cad

The dollar against the Canadian last time rallied in the upside direction with high levels of volume to show the strength of the bullish move to reach the key resistance level at 1.0030s. Meanwhile, the technical oscillators show some reversal signals but it should hit the major resistance first at 1.0100. The trading range for today will be between the key resistance at 1.0170 and the key support at 0.9850.The general trend is down as far as 1.0450 remains intact, targets will be at 0.9000 and 0.8880.

Support
1.0013
1.0000
0.9984
0.9967
0.9940
Resistance
1.0032
1.0057
1.0083
1.0109
1.0140
Recommendation
We expect selling USD/CAD below 1.0100 with a target at 1.0000, stop loss above 1.0150.

FX Overview,Short-term Interbank rates,World Equity Indices,Commodities1/8/2008

muhammed2321@gmail.com (muhammed) — Tue, 08 Jan 2008 12:30:00 +0000

FX Overview
Last Change % Chng Open High Low NY Close Yr High Yr Low Ytd %
EUR/USD 1.4699 0.0008 0.05% 1.4690 1.4718 1.4682 1.4691 1.4824 1.4590 11.31%
GBP/USD 1.9711 0.0013 0.07% 1.9699 1.9726 1.9668 1.9698 1.9896 1.9654 0.26%
USD/JPY 109.30 0.16 0.15% 109.15 109.38 109.01 109.14 112.05 107.91 -8.15%
USD/CHF 1.1178 0.0013 0.12% 1.1164 1.1190 1.1163 1.1165 1.1335 1.1021 -8.23%
USD/CAD 1.0030 -0.0021 -0.21% 1.0050 1.0061 1.0018 1.0051 1.0081 0.9843 -13.94%
AUD/USD 0.8765 0.0042 0.48% 0.8725 0.8792 0.8704 0.8723 0.8850 0.8684 11.22%
EUR/JPY 160.67 0.31 0.19% 160.37 160.96 160.11 160.36 164.07 159.76 2.34%
EUR/GBP 0.7456 -0.0001 -0.01% 0.7458 0.7466 0.7452 0.7457 0.7493 0.7344 10.71%
Short-term Interbank rates:
eur usd jpy chf gbp cyp cad aud nzd sek nok
4.02 4.25 0.49 1.99 5.45 4.50 4.00 6.00 8.30 4.00 4.85
World Equity Indices:
Value Net Change % Pct Change Date Yr High Yr Low % Ytd
DOW 12827.49 27.31 0.21% 07/01/2008 14198 11940 -3.30%
NASDAQ 2499.46 -5.19 -0.21% 07/01/2008 2862 2332 -5.76%
DAX 7817.17 8.48 0.11% 07/01/2008 8101 7780 -3.10%
FTSE 6469.7 8.30 0.13% 06/11/2007 6479 6349 -0.11%
NIKKEI 14528.67 28.12 0.19% 08/01/2008 15157 14439 -5.09%
RUSSIA 0 0.00 0.00% 28/12/2007 2360 1702 -100.00%
CYPRUS-20 1610.85 -8.94 -0.55% 07/01/2008 1675 1610 -2.56%
ATHENS 5108.04 -4.18 -0.08% 07/01/2008 5207 5109 -1.37%
Commodities:
Value High Low
GOLD 862.7 863.3 857.4
SILVER 15.23 15.26 15.16
OIL 95.63 95.65 95.26

Technicals 1/8/2008

muhammed2321@gmail.com (muhammed) — Tue, 08 Jan 2008 12:25:00 +0000

EUR/USD
Downside bias from last Fri's 1.4825 threatens a deeper pullback following break
of the 1.4687 support. Lower highs at 1.4737/57 area now resistance and seen
weighing with risk for break under 1.4642/45 to expose the 1.4569/87 strong
support area.
GBP/USD
The sharp reversal from the end of last year is shifting pressure lower. Support at
1.9650 and 1.9620. Resistance at 1.9740 and 1.9770.
USD/JPY
Stays supported in range and further upside test seen to the 109.76/80
resistance. Need break over this to trigger a base pattern and get a stronger
recovery underway to correct the drop from 114.66 high. Overall tone stays weak
but above 108.40/60keep upside bias in play.
EUR/JPY
Holds supportive above Fri's 159.75 low but upside remain limited with resistance
seen at 161.00/14 and 161.54/68 ahead of 161.75 previous low. Overall tone
seen weak below the latter and risk for renewed weakness to test 159.35 and
158.70 lows.
AUD/USD
Rallied from .8683 Mon's low back towards the .8800 area, break of which would
open .8848/40 highs to retest. Break seen difficult but clearing this to firm tone
and trigger more upside towards .8870/.8908 and .8923. Lower high sought for
return to .8683/.8700 and downside extension.

Asian Market Update 01/08/2007

muhammed2321@gmail.com (muhammed) — Tue, 08 Jan 2008 12:20:00 +0000

The dollar held steady against the yen on Tuesday, getting some respite after
hitting a six-week low last week on poor U.S. jobs data that bolstered
expectations for an aggressive Federal Reserve rate cut.
The dollar has staged a slight rebound this week as some traders were
disappointed the weak payrolls report did not spark a deeper retreat in the U.S.
currency, prompting them to reverse short positions.
The dollar is at 109.35, little changed from late U.S. trading on Monday. The
dollar hit a trough of 107.90 yen on Friday on electronic trading platform EBS, the
lowest in nearly six weeks.
The euro was also little changed at $1.4700 and down from Friday's EBS high of
$1.4825, which was the highest for the euro since late November.
Sterling was steady at $1.9715, hovering near a 4-1/2-month low of $1.9653 hit
on Monday, as weak data underscored expectations for further monetary easing
by the Bank of England.
The British Retail Consortium said on Tuesday the value of sales last month rose
0.3 percent on the year on a like-for-like basis, the weakest growth since a
decline in March 2006 and the poorest December reading since 2004.
Most economists polled by Reuters expect the BoE to hold rates steady at 5.5
percent at a policy meeting ending on Thursday, following a quarter-point cut in
December. But two interest rate cuts are fully priced in by the futures market by
June and another by year-end.
Despite its rebound this week, the dollar could come under renewed pressure
against the yen if worries about financial institutions' losses from credit market
turmoil come to the fore again, a trader for a major Japanese bank said.
The yen often gets a boost when investors turn risk-averse and unwind risky
carry trades, which involve selling low-yielding currencies like the yen to invest in
higher-yielding currencies.
Many market players believe the Fed is likely to cut rates by a hefty half-point at
its late January meeting to 3.75 percent. A quarter-point rate cut is seen as
virtually certain.
Such expectations remained intact after a Fed official said on Monday the U.S.
economy was in troubled waters and the Federal Reserve needed to be ready to
step in with a helping hand.
"The negatives in our economy may be gaining momentum," Atlanta Federal
Reserve Bank President Dennis Lockhart told the Rotary Club of Atlanta in a
speech on Monday.

market news 01/02/2008

muhammed2321@gmail.com (muhammed) — Wed, 02 Jan 2008 09:32:00 +0000

European Stocks
The European Stocks inlcined slightly in the morning transactions on Wednesday after showing a loss in the beginning of the session as investors are still cautious due to the disappointing US data.
EU PMI Manufacturing
The final EU PMI Manufacturing reading came in at 52.6 slightly higher than the expected reading of 52.5 and revised higher from the flash estimate of 52.5 .
German PMI Manufacturing
The German PMI Manufacturing for the month of December came in at 53.6 slightly higher than the forecasted figure of 53.3, however revised downwards from the flash estimate of 53.7.
UK PMI Manufacturing
The UK released its PMI Manufacturing for the month of December coming in at 52.9 lower than both the expected reading of 53.8 and the prior revised reading to the downside from 54.4 to 54.3 .
Oil Prices
Future Oil prices jumped above 96$ per barrel levels at the early Asian Trading session on Wednesday supported by some expectations that the US government will show a drop in the US inventories for the seventh consecutive week .
US dollar
The US dollar settled at the early Asian trading session on Wednesday, as investors' are being cautious waiting for the release of some US data later this week .
American stocks
American stocks dropped on Monday but three major indices ended the year 2007 rising, after the rising in the energy sector stocks balanced the huge selling wave faced by the financial sector stocks due to the sub-prime mortgages .
Gold Prices
Gold Prices inclined at the early European trading session on Wednesday opening at 836.50-837.20$ per ounce compared with 832.70-833.50$ per ounce from Monday's session .

technical annlysis 01/02/2008

muhammed2321@gmail.com (muhammed) — Wed, 02 Jan 2008 09:26:00 +0000

euro
The European currency dropped last time massively as it passed the key support area at 1.4670s dragging the currency further down to hit the major support level at 1.4560s. This was due to the huge sell off as 2007 came to an end. Today we expect the euro to bounce back to cover some of its losses. The trading range for today might be between the key resistance level at 1.4740 and the key support level at 1.4370. The general trend is up as far as 1. 3860 remains intact targets now at 1.4760 and 1.4930

Support
1.4565
1.4543
1.4518
1.4494
1.4470
Resistance
1.4580
1.4603
1.4625
1.4650
1.4675
Recommendation...
gbp
The British pound last time was trading with high levels of volume in the downside direction due to the huge sell off which in role allowed the pound to breach many significant support areas as 1.9970. Nevertheless, today we expect the pound to move towards the upside direction again at the start of the new year to cover some of its previous losses. The trading range for today might be between the key resistance level at 2.0000 and the key support level at 1.9700.The general trend is up as far as 1.9800 remains intact targets now at 2.0940 and 2.1050

Support
1.9861
1.9830
1.9816
1.9790
1.9770
Resistance
1.9888
1.9920
1.9944
1.9967
1.9989
Recommendation
We expect buying sterling above 1.9840 with a target at 1.9920 stop loss below 1.9800.
jpy
The dollar against the Japanese yen last time went to the downside target at the important support level at 113.50s. However it further declined in a strong move towards the key support area at 111.20s during the morning session, before reversing later to the upside direction but still showing the tendency in the downside direction. The trading range for today will be between the key resistance at 112.50 and the key support at 110. 00.The general trend is down as far as 121.30 remains intact, targets at 112.40 and 111.20.

Support
111.37
111.04
110.82
110.56
110.34
Resistance
111.56
111.85
112.05
112.27
112.48
Recommendation
We expect selling USD/JPY below 111.85 with a target at 110.80, stop loss above 112.40.
chf
The dollar against the SWISS Frank during the last day in the year 2007 rallied in the upside direction showing key weakness in the SWISS Frank due to the end of 2007. In the meantime, the technical parameters still show the downside wave for today. The trading range for today will be between the key resistances at 1.1480 the key support at 1.1150.The general trend is down as far as 1.2020 remains intact, targets at 1.1445 and 1.1230.

Support
1.1335
1.1306
1.1287
1.1269
1.1245
Resistance
1.1350
1.1385
1.1416
1.1436
1.1458
Recommendation...
cad
The dollar against the Canadian last time initiated a bullish move despite heading higher in the trading sessions. Moreover today, and since the pair toughed the key resistance at 0.9990s, it might move in the downside again as long as it couldn't breach the mentioned resistance. The trading range for today will be between the key resistance at 1.0100 and the key support at 0.9780.The general trend is down as far as 1.0450 remains intact, targets will be at 0.9000 and 0.8880.

Support
0.9983
0.9957
0.9932
0.9913
0.9880
Resistance
1.0009
1.0040
1.0070
1.0095
1.0118
Recommendation...

FX Overview,Short-term Interbank rates,World Equity Indices 01/02/2008

muhammed2321@gmail.com (muhammed) — Wed, 02 Jan 2008 09:24:00 +0000

FX Overview
Last Change % Chng Open High Low NY Close Yr High Yr Low Ytd %
EUR/USD 1.4658 0.0068 0.47% 1.4591 1.4661 1.4590 1.4590 1.4661 1.4590 11.00%
GBP/USD 1.9873 0.0010 0.05% 1.9862 1.9896 1.9819 1.9863 1.9896 1.9819 1.08%
USD/JPY 111.41 -0.22 -0.20% 111.63 112.05 111.33 111.63 112.05 111.33 -6.38%
USD/CHF 1.1283 -0.0043 -0.38% 1.1331 1.1335 1.1281 1.1326 1.1335 1.1281 -7.36%
USD/CAD 0.9891 -0.0031 -0.31% 0.9922 0.9938 0.9889 0.9922 0.9938 0.9889 -15.14%
AUD/USD 0.8800 0.0038 0.43% 0.8760 0.8806 0.8759 0.8762 0.8806 0.8759 11.66%
EUR/JPY 163.33 0.44 0.27% 162.92 163.79 162.78 162.88 163.79 162.78 4.03%
EUR/GBP 0.7375 0.0032 0.44% 0.7345 0.7375 0.7344 0.7343 0.7375 0.7344 9.50%
Short-term Interbank rates:
eur usd jpy chf gbp cyp cad aud nzd sek nok
4.02 4.25 0.50 2.08 5.55 4.50 4.00 6.20 8.40 4.00 5.12
World Equity Indices:
Value Net Change % Pct Change Date Yr High Yr Low % Ytd
DOW 13264.82 -101.05 -0.76% 31/12/2007 14198 11940 6.43%
NASDAQ 2652.28 -22.18 -0.83% 31/12/2007 2862 2332 9.81%
DAX 8067.32 28.72 0.36% 28/12/2007 8152 6437 22.29%
FTSE 6469.7 8.30 0.13% 06/11/2007 0 0 -0.11%
NIKKEI 15307.78 -256.91 -1.65% 28/12/2007 18300 14670 -11.13%
RUSSIA 0 0.00 0.00% 28/12/2007 2360 1702 -100.00%
CYPRUS-20 1653.11 -2.06 -0.12% 28/12/2007 1909 1331 24.20%
ATHENS 5178.83 26.67 0.52% 31/12/2007 5346 4245 17.86%

Technicals 01/02/2008

muhammed2321@gmail.com (muhammed) — Wed, 02 Jan 2008 09:20:00 +0000

EUR/USD
Rally stalled just ahead of the 1.4750 resistance, sharp drop from there to signal
reversal. The outside range weighs and see risk for more downside. Support at
1.4590 and 1.4570. Resistance at 1.4665 and 1.4705.
GBP/USD
Market has some modest bounce potential near 1.9810. Support at 1.9810 and
1.9800. Resistance at 1.9900 and 2.0020.
USD/JPY
Consolidate above 111.30 low and rally seen corrective of the sharp drop from
high of last week. Support at 111.30 and 110.95. Resistance at 112.20 and
112.70.
EUR/JPY
Consolidate the sharp drop from 166.65 high of last Thursday and upside to
remain limited with initial resistance at the 164.00 previous support and 164.70.
Support at 162.45 and 162.20.
AUD/USD
Back to pressure the 0.8800 resistance following bounce from 0.8745 low.
Clearing this will target additional gains towards 0.8845/70 area. Support at
0.8745 and 0.8710. Resistance at 0.8830 and 0.8845.

Asian Market Update 02/01/2008

muhammed2321@gmail.com (muhammed) — Wed, 02 Jan 2008 09:18:00 +0000

The dollar gave ground to the euro on the first trading day of the new
year with investors inclined to bet that coming U.S. economic news
would be soft enough to argue for more interest rate cuts there. The euro
had crept back up to $1.4643 late in the Asian session from an early
$1.4590 low. It had got as high as $1.4747 on Monday before the dollar
bounced when figures on U.S. existing home sales proved not nearly as
weak as bears expected. Still, expectations were that key U.S. data this
week would be grim, reinforcing the case for more rate cuts from the
Federal Reserve.
The dollar was also hovering at 111.65 yen, having finished at 111.52 in
New York on Monday after falling from a 114.65 peak in just three
trading sessions. Against a basket of major currencies, the dollar dipped
0.27 percent to 76.434. Volumes were light, though, with Tokyo off on
holiday until Friday.
The U.S. Institute for Supply Management index for December is due
later on Wednesday. Forecasts are for a slight dip to 50.5, from 50.8 in
November, but estimates range from 49.0 to 52.0. The market will also
be interested in the minutes of the Federal Reserve's December policy
meeting, when it decided to cut the funds rate by 25 basis points. That
cut had been criticised by many in the market as too small and analysts
will be keen to see the Fed's reasoning.
Thursday has figures on U.S. auto sales for December, a key barometer
of consumer demand, while Friday sees the release of the December
payrolls report. Median forecasts are for a modest rise of 70,000 in
payrolls and anything weaker would tend to weigh down on the dollar.
Traders were also keeping a wary eye on money markets to see if
funding pressures had eased now that year-end had passed. Early signs
were that interbank rates had indeed dipped and risk spreads had
narrowed somewhat, but analysts emphasised it was early days. Both the
Fed and the European Central Bank pumped huge amounts of cash into
markets ahead of year-end but much of that will have to be repaid in
coming weeks.

technical analysis 12/17/2007

muhammed2321@gmail.com (muhammed) — Mon, 17 Dec 2007 10:40:00 +0000

euro
The European currency dropped last time in a very strong pattern as it couldn't breach the key resistance level at the minor downside trend line at the levels of 1.4650s to depreciate further to reach as low as the key support level at 1.4400 after passing all the key upper levels. At the end of the day, the Euro extended the downside channel. The trading range for today might be between the key resistance level at 1.4550 and the key support level at 1.4300. The general trend is up as far as 1. 4060 remains intact targets now at 1.4780 and 1.4960

Support
1.4432
1.4409
1.4378
1.4345
1.4327
Resistance
1.4454
1.4470
1.4492
1.4510
1.4534
Recommendation...
gbp
The British pound last Friday started in a weak pattern by which it couldn't breach the main resistance level at 2.0450s to decline to the downside towards the major support as low as 2.0140s. Nevertheless, the technical oscillators still show the downside wave with some slowing upside movements. The trading range for today might be between the key resistance level at 2.0350 and the key support level at 2.0050.The general trend is up as far as 1.9800 remains intact targets now at 2.1170 and 2.1420

Support
2.0167
2.0122
2.0109
2.0087
2.0054
Resistance
2.0193
2.0226
2.0248
2.0273
2.0300
Recommendation
We expect selling sterling below 2.0230 with a target at 2.0100 stop loss above 2.0270.
jpy
The dollar against the Japanese yen rallied to the upside direction last week as it couldn't pass the major support level at 112.30s causing it to initiate the upside move rapidly. Yet the pair extended the upside wave after it confirmed some bullish signals. The trading range for today will be between the key resistance at 114.50 and the key support at 111.50.The general trend is down as far as 121.30 remains intact, targets at 108.30 and 106.80.

Support
113.26
113.09
112.82
112.56
112.30
Resistance
113.50
113.85
114.05
114.27
114.48
Recommendation...
chf
The dollar against the SWISS Frank was moving within very wide ranges reflecting the high volume, therefore the pair holds some tendency to the upside for today as the technical directional parameters indicated. The trading range for today will be between the key resistances at 1.1660 the key support at 1.1440.The general trend is down as far as 1.2020 remains intact, targets at 1.1000 and 1.0940

Support
1.1530
1.1511
1.1487
1.1465
1.1440
Resistance
1.1567
1.1588
1.1619
1.1637
1.1658
Recommendation...
cad
The dollar against the Canadian kept moving in the upside direction last time with high levels of volume which played a significant role to take the pair to the upside; however, at the end it fell again to close with tendency to the downside. Today the pair is facing a difficult resistance level at 1.0230s, breaching the mentioned resistance level might lead the pair up until the next resistance level at 1.0270.The trading range for today will be between the key resistance at 1.0270 and the key support at 1.0080.The general trend is down as far as 1.0745 remains intact, targets will be 0.9030 and 0.8965.

Support
1.0148
1.0126
1.0104
1.0082
1.0060
Resistance
1.0170
1.0192
1.0214
1.0236
1.0258
Recommendation...

FX Overview,Short-term Interbank rates,World Equity Indices,Commodities12/17/2007

muhammed2321@gmail.com (muhammed) — Mon, 17 Dec 2007 10:12:00 +0000

FX Overview
Last Change % Chng Open High Low NY Close Yr High Yr Low Ytd %
EUR/USD 1.4437 0.0051 0.35% 1.4387 1.4453 1.4389 1.4386 1.4966 1.2866 9.33%
GBP/USD 2.0180 0.0036 0.18% 2.0145 2.0216 2.0145 2.0144 2.1161 1.9185 2.64%
USD/JPY 113.07 -0.40 -0.35% 113.47 113.49 112.99 113.47 124.16 107.23 -4.98%
USD/CHF 1.1521 -0.0038 -0.33% 1.1560 1.1562 1.1517 1.1559 1.2572 1.0899 -5.41%
USD/CAD 1.0168 -0.0008 -0.08% 1.0176 1.0189 1.0149 1.0176 1.1876 0.9061 -12.76%
AUD/USD 0.8611 -0.0014 -0.16% 0.8625 0.8659 0.8602 0.8625 0.9401 0.7677 9.26%
EUR/JPY 163.24 -0.03 -0.02% 163.26 163.55 163.07 163.27 168.96 149.28 3.97%
EUR/GBP 0.7152 0.0011 0.15% 0.7138 0.7156 0.7137 0.7141 0.7239 0.6537 6.19%
Short-term Interbank rates:
eur usd jpy chf gbp cyp cad aud nzd sek nok
3.74 4.25 0.45 1.80 5.56 4.50 4.00 6.20 8.00 4.00 4.93
World Equity Indices:
Value Net Change % Pct Change Date Yr High Yr Low % Ytd
DOW 13339.85 -178.11 -1.32% 14/12/2007 14198 11940 7.03%
NASDAQ 2635.74 -32.75 -1.23% 14/12/2007 2862 2332 9.13%
DAX 7948.36 20.05 0.25% 14/12/2007 8152 6437 20.49%
FTSE 6469.7 8.30 0.13% 06/11/2007 6732 5859 3.67%
NIKKEI 15259.29 -255.22 -1.65% 17/12/2007 18300 14670 -11.42%
RUSSIA 2269.53 -47.75 -2.06% 14/12/2007 2360 1702 18.09%
CYPRUS-20 1628.44 -21.64 -1.31% 14/12/2007 1909 1331 22.34%
ATHENS 5097.51 -42.97 -0.84% 14/12/2007 5346 4245 16.01%
Commodities:
Value High Low
GOLD 804.75 806.4 797.5
SILVER 14.54 14.58 14.49
OIL 89.27 89.6 89.26

Technicals 12/17/2007

muhammed2321@gmail.com (muhammed) — Mon, 17 Dec 2007 10:08:00 +0000

EUR/USD
The sharp decline below 1.4519 neckline had triggered a bearish breakout of daily
Head-shoulder pattern and this should keep shorts in play, targeting lower
support at 1.4374 ahead of 1.4317. Rebound from here should attract fresh
sellers with the neckline reverting to resistance.
GBP/USD
A break of 2.0160/70 will lead to 2.0100. Support at 2.0200 AND 2.0240.
USD/JPY
Intraday trade remains tight but the undertone remains firm, spurred by the
strong rally staged last Friday. Further push above 113.60 high set prior trading
session will extend the 3-week upmove to 114.02 ahead of 114.82. On the
downside, slip of 112.28 will reverse current strength.
EUR/JPY
View unchanged from this morning with retreat from 165.31 high increasing
pressure on the downside and opening sight of the support line from 27-Nov's low
at 162.57 and slippage below latter will boost current weakness towards lower
target at 161.91. Intraday trade should attract sellers.
AUD/USD
Intraday trade stays weak with prices leaning towards the .8603 low set last
Friday and with current negative stance seen on daily tools, break of the latter
will set renewed weakness to .8552 ahead of .8486. Previous congestion low at
.8652 now revert to resistance and rebound towards latter should attract sellers.

Asian Market Update 12/16/2007

muhammed2321@gmail.com (muhammed) — Mon, 17 Dec 2007 10:06:00 +0000

The dollar pulled back after hitting a two-month high against a basket of
currencies on Monday, with market players taking profits after scoring big gains
on data late last week showing a jump in U.S. consumer inflation.
In early trade the dollar extended its broad rise after a report showed U.S.
consumer prices surged in November by the most in two years, prompting
investors to see less chance of a Federal Reserve interest rate cut in January.
The surprising acceleration in inflation drove the dollar to its biggest one-day rise
against the euro in three years on Friday.
Investors are now looking to see how this week's coordinated funding auctions by
the Fed, the European Central Bank and other central banks work to ease the
severe squeeze in money markets at the year-end.
Activity was subdued as some market players refrain from taking big positions in
the waning days of 2007.
Investors have unwound hefty bets against the U.S. currency before the yearend,
helping it bounce back from this year's broad tumble to record lows against
the euro and a 26-year trough versus the pound in November.
The euro rose 0.2 percent from late U.S. trade on Friday to $1.4442, recovering
from a seven-week low of $1.4382 on trading platform EBS in early trade.
The dollar edged down 0.2 percent to 113.12 yen but was near a five-week high
of 113.60 yen reached on Friday.
The dollar index, a gauge of its value against six major currencies, slipped 0.3
percent to 77.304 after climbing to a two-month peak of 77.585 in early trade.
The Fed cut overnight rates last Tuesday by a quarter-point to 4.25 percent and
has slashed them a full percentage point since September, but investors are now
less sure if another policy easing is coming as soon as next month.
Central banks in Canada and Britain have followed the Fed in cutting rates to limit
the economic and financial market fallout from this year's credit crunch.
Now the Fed, the ECB and the Swiss National Bank are working in conjunction
with those two central banks to provide funds and relieve the strains in money
markets.
Currency strategists at Barclays Capital said the outcome of this week's central
bank funding operations will be important for risky assets.
The Fed will sell $20 billion of 28-day loans to banks and other financial
institutions on Monday, with results of the offer coming on Wednesday and
settlement on Thursday. The ECB is offering $10 billion over the same period.
Since the joint operations were announced last week, one- and three-month
interbank lending rates for dollars, euros and pounds have come down slightly
but remain well above overnight rate targets.
Banks have become reluctant to lend to other institutions while preparing to close
their books for the year, fearing they may need cash to hold against assets and
not wanting to expose themselves to the subprime mortgage-related losses of
others.

market news 12/03/2007

muhammed2321@gmail.com (muhammed) — Mon, 03 Dec 2007 08:26:00 +0000

Gold Price
Gold inclined at the early European trading session on Monday to 789.40-790.15$ per ounce compared with 783.50-784.20$ per ounce at NY closing session on Friday.
Nikkei Index
Nikkei Index stopped trading to grab some breaths on Monday after dropping 0.3% after it inclined with more than 5% last week.
US dollar
The US dollar dropped at the early Asian trading session on Monday, after the profit taking transactions from last weeks profits, due the increasing signs about a US rate cut in last week.

FX Overview,Short-term Interbank rates,World Equity Indices,Commodities 12/03/2007

muhammed2321@gmail.com (muhammed) — Mon, 03 Dec 2007 08:19:00 +0000

FX Overview
Last Change % Chng Open High Low NY Close Yr High Yr Low Ytd %
EUR/USD 1.4667 0.0032 0.22% 1.4637 1.4671 1.4637 1.4635 1.4966 1.2866 11.07%
GBP/USD 2.0573 0.0025 0.12% 2.0548 2.0583 2.0547 2.0548 2.1161 1.9185 4.64%
USD/JPY 110.55 -0.46 -0.41% 111.01 111.05 110.49 111.01 124.16 107.23 -7.10%
USD/CHF 1.1272 -0.0037 -0.33% 1.1308 1.1309 1.1273 1.1309 1.2572 1.0899 -7.45%
USD/CAD 0.9999 0.0006 0.06% 0.9993 1.0011 0.9981 0.9993 1.1876 0.9061 -14.21%
AUD/USD 0.8796 -0.0030 -0.34% 0.8828 0.8854 0.8788 0.8826 0.9401 0.7677 11.61%
EUR/JPY 162.15 -0.35 -0.22% 162.50 162.72 162.02 162.50 168.96 149.28 3.28%
EUR/GBP 0.7127 0.0005 0.07% 0.7122 0.7132 0.7122 0.7122 0.7216 0.6537 5.82%
Short-term Interbank rates:
eur usd jpy chf gbp cyp cad aud nzd sek nok
3.88 4.50 0.44 2.02 5.85 4.50 4.49 6.00 8.00 4.00 5.07
World Equity Indices:
Value Net Change % Pct Change Date Yr High Yr Low % Ytd
DOW 13371.72 59.99 0.45% 30/11/2007 14198 11940 7.29%
NASDAQ 2660.96 -7.17 -0.27% 30/11/2007 2862 2332 10.17%
DAX 7870.52 105.33 1.36% 30/11/2007 8152 6437 19.31%
FTSE 6469.7 8.30 0.13% 06/11/2007 6732 5859 3.67%
NIKKEI 15608.43 -72.24 -0.46% 03/12/2007 18300 14670 -9.39%
RUSSIA 2220.11 39.61 1.82% 30/11/2007 2302 1702 15.52%
CYPRUS-20 1735.58 23.64 1.38% 30/11/2007 1909 1331 30.39%
ATHENS 5053.87 80.28 1.61% 30/11/2007 5346 4245 15.01%
Commodities:
Value High Low
GOLD 788 788.5 783.5
SILVER 14.01 14.04 13.99
OIL 89.59 89.84 88.72

Technicals 12/03/2007

muhammed2321@gmail.com (muhammed) — Mon, 03 Dec 2007 08:17:00 +0000

EUR/USD
Seen weak following breakdown from the 1.4712/23 support which now reverts to
resistance. More resistance seen at 1.4750/53 ahead of 1.4786, Fri's high. Below
the latter keep focus on the downside and scope for further losses to 1.4581 then
1.4521/26.
GBP/USD
Resistance at 2.0635 and then 2.0755/65. Support at 2.0540 and 2.0485.
USD/JPY
Seen easing back from 111.24 high of Fri as hourly tools unwinds overbought
condition. However, overall tone seen firm with supports now at 110.32/48 area
and 110.00. Would take setback under the 109.47/66 lows of Thur/Fri to negate
the bullish tone.
EUR/JPY
Remains in choppy trade with no clear direction evident though upside bias in
play while above the 161.56 low of Thur. However, rejection from Fri's 163.86
high see downside at risk and break under 161.56 likely to signal return towards
160.00/20 area and 159.37/55 lows.
AUD/USD
Remains in consolidation below the .8923 high of last Wed with break here
needed to signal fresh strength towards .8955 and .8997/.9018. Downside see
support at .8806/20, hourly trendline and low of Fri, ahead of .8776 which must
hold to keep upside focus in play.

Asian Market Update 12/03/2007

muhammed2321@gmail.com (muhammed) — Mon, 03 Dec 2007 08:14:00 +0000

The dollar dipped against the euro and yen on Monday as market players took
profits on last week's gains scored after Federal Reserve officials signalled they
would cut interest rates as needed to help the economy and markets recover.
The yen edged up across the board as a report in Britain's Telegraph newspaper
that Royal Bank of Scotland is expected to announce up to 2 billion pounds ($4.1
billion) of credit-related losses this week stirred some caution in the market.
Investors remain on edge that more bad news is still to come from this year's
credit crunch, just as money market conditions in the United States and Europe
have started to deteriorate heading into year-end.
The dollar rebounded last week as the Fed reinforced expectations of a rate cut
next week and of more monetary easing next year, boosting confidence on the
outlook and igniting gains in stock markets.
Also stirring hopes for a resolution to the credit troubles were reports that U.S.
mortgage companies were hammering out a plan to help some subprime
borrowers and that Citigroup had received a $7.5 billion cash injection.
A variety of key events this week will shed some light on the policy outlook for
the European Central Bank and Bank of England, as well as the health of U.S.
economy and labour market.
The dollar fell 0.5 percent from U.S. trade late last week to near 110.53 yen but
was still above the 2-1/2-year low of 107.22 yen hit early last week.
The euro climbed 0.2 percent to $1.4653, having pulled back from a record high
of $1.4968 hit last month. Against the yen, the single European currency
retreated 0.3 percent to 162.15 yen.
The dollar index, a gauge of its performance against six major currencies, fell 0.1
percent to 76.017 after having surged 1.5 percent last week, the biggest such
rise since June 2006.
Some U.S. investment banks and hedge funds also cut back on bets against the
dollar as their financial year ended in November, helping drive the dollar index up
for its biggest one-week rise in 18 months last week.
Market players are keeping an eye out for any comments from countries in the
Gulf Cooperation Council about the future of their pegs to the dollar as they start
a two-day summit in Doha. The United Arab Emirates and other countries have
stirred speculation that they may soon drop their dollar pegs or revalue their
currencies as the U.S. unit's slide exacerbates inflation pressures in the
economies booming from steep oil prices.
Before the summit, the UAE's state-run news agency said it expected a change in
currency policy at the gathering but then retracted the report after the Saudi
finance minister said currency reform was not even on the agenda.

technical analysis 11/19/2007

muhammed2321@gmail.com (muhammed) — Mon, 19 Nov 2007 11:23:00 +0000

euro
The European currency fell in the early trading sessions last Friday to hit the major resistance level at 1.4570s as the uptrend line held the euro to the upside direction. Since the euro couldn't breach the mentioned support, it resulted in key adjustments in the technical oscillators indicators to show the upside potential for today again. The trading range for today might be between the key resistance level at 1.4780 and the key support level at 1.4520. The general trend is up as far as 1. 4060 remains intact targets now at 1.4780 and 1.4960

Support
1.4632
1.4609
1.4578
1.4545
1.4527
Resistance
1.4670
1.4692
1.4710
1.4742
1.4767
Recommendation
We expect buying Euro above 1.4640 with a target at 1.4740 stop loss below 1.4600.
gbp
The British pound last time moved down towards the major support level at 2.0340s passing the major upside trend line to reverse back to the upside recording a new day high showing a false break out which in role might lead the pound up today until the levels of 2.0650. The trading range for today might be between the key resistance level at 2.0700 and the key support level at 2.0480.The general trend is up as far as 1.9950 remains intact targets now at 2.1170 and 2.1420

Support
2.0520
2.0505
2.0480
2.0460
2.0438
Resistance
2.0560
2.0585
2.0617
2.0639
2.0658
Recommendation
We expect buying sterling above 2.0520 with a target at 2.0650 stop loss below 2.0470.
jpy
The dollar against the Japanese yen fluctuated in the downside direction in the morning session last Friday to reach the major support level at 109.60s; however it failed to breach it. Therefore, it managed an upside movement to close in a bullish pattern and due to this bullish close, the pair today might move until the key resistance level at 111.70s to depreciate once again after that. The trading range for today will be between the key resistance at 112.00 and the key support at 109.80.The general trend is down as far as 121.30 remains intact, targets at 108.30 and 106.80.

Support
110.80
110.63
110.37
110.11
109.87
Resistance
111.20
111.50
111.85
112.05
112.27
Recommendation
We expect selling USD/JPY below 111.60 with a target at 110.35, stop loss above 112.20.
chf
The dollar against the SWISS Frank drove through the downside trend last Friday directly extending the downside trend after it succeeded passing the important level at 1.1200 to reach the low of 1.1150s. Today we expect it to progress to the downside direction. The trading range for today will be between the key resistances at 1.1220 the key support at 1.1080.The general trend is down as far as 1.2020 remains intact, targets at 1.1000 and 1.0940

Support
1.1130
1.1111
1.1087
1.1065
1.1040
Resistance
1.1185
1.1215
1.1237
1.1258
1.1276
Recommendation
We expect selling USD/CHF below 1.1185 with a target at 1.1120, stop loss above 1.1220.
cad
The dollar against the Canadian reached to the top of the projection wave towards the upside last week and it was unable to breach through the significant resistance level at 0.9880s to create a bearish drop last Friday to stop at the key level at 0.9700s. As a result, we expect the pair to continue to the downside direction for today. The trading range for today will be between the key resistance at 0.9780 and the key support at 0.9500.The general trend is down as far as 1.0745 remains intact, targets will be 0.9030 and 0.8965.

Support
0.9726
0.9710
0.9687
0.9656
0.9635
Resistance
0.9750
0.9775
0.9807
0.9818
0.9846
Recommendation
We expect selling USD/CAD below 0.9750 with a target at 0.9660, stop loss above 0.9800.

market news 11/19/2007

muhammed2321@gmail.com (muhammed) — Mon, 19 Nov 2007 11:05:00 +0000

A.M. Fixing
Gold prices were set in London's A.M. fixing on Monday at $788.50 per ounce declining from $789.75 per ounce in Friday's P.M. Fixing.
OPEC Basket
OPEC stated on Monday that its basket price rose to $87.54 per barrel on Friday from $87.01 per barrel last Thursday.
European Stocks
European Stocks showed a slight incline in the early morning on Monday due to acquisitions and mergers in the Banking Sector and Beverage Companies after credit companies recorded losses as a result of the credit crisis.
Gold Prices
Gold inclined at the early European Trading session on Monday, opening at 790.20-790.95$ per ounce compared with 784.80-785.50$ per ounce from Fridays NY session.
Swiss Frank
The US dollar dropped to the lowest in 12 years against the Swiss frank on Monday as fears still in the air from the credit crisis.
Nikkei Index
Nikkei Index dropped as continuity to the declining wave on Monday, whereas the incline in the Japanese Yen dropped investors' spirit.
US dollar
US dollar dropped against the Euro at the early Asian trading session on Monday as fears increased about the US housing sector from any new losses in the financial sector funds.

FX Overview,Short-term Interbank rates,World Equity Indices,Commodities 11/19/2007

muhammed2321@gmail.com (muhammed) — Mon, 19 Nov 2007 10:59:00 +0000

FX Overview
Last Change % Chng Open High Low NY Close Yr High Yr Low Ytd %
EUR/USD 1.4673 0.0003 0.02% 1.4670 1.4687 1.4653 1.4670 1.4752 1.2866 11.12%
GBP/USD 2.0549 0.0008 0.04% 2.0541 2.0565 2.0516 2.0541 2.1161 1.9185 4.52%
USD/JPY 110.44 -0.44 -0.40% 110.88 111.07 110.39 110.88 124.16 109.13 -7.19%
USD/CHF 1.1163 -0.0005 -0.04% 1.1169 1.1181 1.1162 1.1168 1.2572 1.1160 -8.35%
USD/CAD 0.9724 -0.0045 -0.46% 0.9769 0.9772 0.9713 0.9769 1.1876 0.9061 -16.57%
AUD/USD 0.8939 -0.0022 -0.25% 0.8961 0.8997 0.8929 0.8961 0.9401 0.7677 13.42%
EUR/JPY 162.04 -0.64 -0.39% 162.65 163.09 161.76 162.68 168.96 149.28 3.21%
EUR/GBP 0.7139 -0.0001 -0.01% 0.7141 0.7146 0.7138 0.7140 0.7171 0.6537 6.00%

Short-term Interbank rates:
eur usd jpy chf gbp cyp cad aud nzd sek nok
4.04 4.50 0.53 1.97 5.82 4.50 4.40 6.00 8.00 4.00 4.87.

World Equity Indices:
Value Net Change % Pct Change Date Yr High Yr Low % Ytd
DOW 13176.79 66.74 0.51% 16/11/2007 14198 11940 5.73%
NASDAQ 2637.24 18.73 0.72% 16/11/2007 2862 2332 9.19%
DAX 7612.26 -54.77 -0.71% 16/11/2007 8152 6437 15.39%
FTSE 6469.7 8.30 0.13% 06/11/2007 6732 5859 3.67%
NIKKEI 15042.56 -112.05 -0.74% 19/11/2007 18300 14989 -12.67%
RUSSIA 2189.37 -28.58 -1.29% 16/11/2007 2302 1702 13.92%
CYPRUS-20 1692.33 -17.27 -1.01% 16/11/2007 1909 1331 27.14%
ATHENS 5096.04 -21.38 -0.42% 16/11/2007 5346 4245 15.97%.
Commodities:
Value High Low
GOLD 788.2 793.9 786.5
SILVER 14.54 14.64 14.53
OIL 94.76 94.81 93.83

Technicals 11/19/2007

muhammed2321@gmail.com (muhammed) — Mon, 19 Nov 2007 10:57:00 +0000

EUR/USD
Break over 1.4675 resistance returning focus to the 1.4705/25 highs last week.
Support at 1.4645 and 1.4600. Resistance at 1.4705 and 1.4725.
GBP/USD
The rebound from Friday’s low has room to extend to the 2.0565 level and even
further toward the 2.0600 area. Support at 2.0510 and 2.0445. Resistance at
2.0565 and 2.0600.
USD/JPY
Focus is on the upside following bounce from 109.70 support. Support at 110.20
and 109.80. Resistance at 111.35 and 111.70.
EUR/JPY
Upside focus is revived. Support at 161.40 and 160.45. Resistance at 163.25 and
163.75.
AUD/USD
Break above 0.8930 clears the way for stronger recovery towards the 0.9030
area. Support at 0.8895 and 0.8865. Resistance at 0.9000 and 0.9020.