binaryoption.com Forex Analysis

[jackobfx]

USD/JPY bottoms out at 78.05

USD/JPY bottomed out at 78.05 during the European session, setting a fresh 18-week low as the Yen strengthened on further safe-haven demand, although the Dollar managed to rebound, recovering around 20 pips toward the 78.25/30 zone where the pair is currently trading, virtually unchanged since opening.

From a technical view, Nicole Elliott, analyst at Mizuho Corporate Bank, commented that the bearish momentum in the cross has increased after a second successive lowest ever weekly close. "This probably explains the hesitant moves down we have seen again. All aspects of this weekly Ichimoku 'cloud' chart suggest a short position and other 'safe-haven' currencies support this view. The authorities may baulk but the 'triangle's' measured target is the record 76.25", said Elliott.

Source: FXCC

 

[mista.zach]

natang gapo ni boh???

 

[jackobfx]

EUR/USD ends week unchanged

The Euro finished on Friday around the same price level it opened Monday’s Asian session against the Dollar and ended July with a small monthly loss far from the lows.

EUR/USD jumped on Friday after the release of week economic data in the US and recovered from weekly lows at 1.4230, reaching levels above 1.4410. The pair erased weekly losses but it was unable to hold above 1.4400.

Next week will be important for markets observers: the debt ceiling in the US will be reach, the ECB and the BoE will decide on monetary policy and next Friday, the big employment report will be published in the US including the unemployment rate and non-farm payrolls.


Source: FXCC

 

[jackobfx]

USD/JPY likely to break below 76.25

The Dollar dropped sharply last week giving away all the ground gained after BoJ intervention to return to levels close to long-term low at 76.25, which according to Nicole Elliott, senior technical analyst at Mizuho Corporate Bank, is likely to be breached in the mid term.

Technical indicators point out to a short position says Elliott, although the pair might hesitate above 76.25 for some time: " All aspects of this daily Ichimoku ‘cloud’ chart still point to a short position so it is probably just a matter of time before we break below March’s record low at 76.25. Allow for hesitation above this point this week and maybe all month."

Below 76.25, Elliott sees the Dollar dipping towards 75.00, 74.30 and 72.00: "Targets include the psychological 75.00 and a measured one at 74.30, with 72.00 also a possibility."

Source: FXCC

 

[jackobfx]

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[jackobfx]

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[jackobfx]

Financial News from Dow Jones Newswires

12:10 » Anger In Japan As Minister Reveals Intervention Rate
23:11 » US DATA WEEK AHEAD: After Data-Light Week, The Blitz Is Back
22:29 » Chicago Currency Settlement Prices
21:49 » Mexican Peso Falls On Greek Impasse In Week Of Losses
21:34 » Emerging-Market Currencies, Debt Sold Off On Greek Concerns
21:22 » Canadian Bonds Rise As Investors Flock To Safe Assets Amid Greek Drama

Source: AlpariFs

 

[jackobfx]

Financial News from Dow Jones Newswires

12:10 » Anger In Japan As Minister Reveals Intervention Rate
23:11 » US DATA WEEK AHEAD: After Data-Light Week, The Blitz Is Back
22:29 » Chicago Currency Settlement Prices
21:49 » Mexican Peso Falls On Greek Impasse In Week Of Losses
21:34 » Emerging-Market Currencies, Debt Sold Off On Greek Concerns
21:22 » Canadian Bonds Rise As Investors Flock To Safe Assets Amid Greek Drama

Source: AlpariFs

 

[jackobfx]

Chf: Swiss franc is still weak

At the Forex currency market Swiss Franc rate remains under pressure on Tuesday despite yesterday's attempt to regain losses.

 

[jackobfx]

Gbp: British pound started ascending movement

Forex forecast: MACD indicator for the pair GBP/USD remains in the positive area, it goes down and is ready to break through the signal line from top to bottom, giving a sell signal. Stochastic Oscillator tends to go out of the overbought zone and started to shape a buy signal.

Forex recommendations: in case of breakdown at the level of 1.5830 the pair GBP/USD will go to 1.5840 and 1.5860.