Forex Technical Analysis

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nzd jpy

time weekly: pattern : ab=cd

time h4 : hd-

 

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silver

time daily : pattern : wolfi wave - crab - rd+

 

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Futures

DCU (copper)

pattern : gartley

 

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NZD CAD

TIME DAILY:

PATTERN : BUTTERFLY

 

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MARKET PULSE

INDIA: Global funds bought $89 m of debt on March 7, which was the 9th day of inflow.
INDIA: Global Funds added more than $4 billion in stocks for the the past three months.
US: The USD Index approaches its highest level in seven months.
US: FORECAST: U.S. data this week may show a pickup in retail sales.
US: USD Index has rallied 3.8 % in 2013.
MARKETS : The $639 trillion OTC derivatives market are now required under the 2010 Dodd-Frank Act to have most of their trades settled on exchanges .

 

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Commodities

WTI Oil Drops From One-Week High as Saudi Arabia Boosts Output.
Hedge Funds cut positions on commodities to 2009 Low .
Gold Swings Between Gains and Losses on USD, Physical Demand.

 

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INDIAN INR
MARKETS
INR declined after 3-day advance, falling 0.1% to 54.3650 . 1 month volatility fell 9 BP to 9.18 %. 3 month forwards at 55.54 compared with 55.34, 3 month NDF at 55.50 versus 55.36. 1-year IRS at 7.5700% , 5-year IRS at 7.2300% , 10Y Benchmark at 7.845%
FACTORS

Technical: Pivot point at 54.3763; resistance at 54.1901, 54.0888, 53.8013; support at 54.4776, 54.6638,54.9513. INR near 100-DMA resistance at 54.2610, subsequent resistance at 50-DMA - 54.1859, support at 200-DMA -54.7360.
Global funds bought $ 89 m of local bonds on March 7, which was the 9th day of inflow.
Global funds bought a net $491 million of Indian stocks this month ,
Global Funds added more than $4 billion in stocks for the past three months.
Data Release: trade data at 11 am local time today.
The USD Index, approaches its highest level in seven months.

 

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GOLD
MARKETS
Spot gold traded at $1,581.39 in Asia compared to $1,578.80 on March 8th. Gold April rose 0.3 % to
$1,580.90. Spot Silver increased 0.3 % to $29.08, reversing a 0.3% decline.
FACTORS

FORECAST: U.S. data this week may show a pickup in retail sales.
USD Index gained as much as 0.2 % to 82.858 nearing the seven month high.
USD Index has rallied 3.8 % in 2013.

 

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COPPER
Copper inched higher on Monday,underpinned by short-covering after closing firmer for a first week in four, as patchy growth indicators from top consumer China overshadowed an emerging recovery in the U.S. labor market. Three-month copper rose 0.30 % to $7,763.25 building on small gains from the previous session when it logged its first higher weekly close in four weeks , up a modest 0.52 %.

 

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OIL
U.S. crude rose on Thursday by about a USD on jobless claims falling unexpectedly in the United States and a weakening USD, while Brent prices dropped slightly after a North Sea pipeline restarted following a shutdown. Brent crude for April delivery fell 16 cents to $110.90. U.S. West Texas Intermediate crude rose by 99 cents to $91.42,driving Brent's premium to WTI down to $19.36, from $20.63 on Wednesday.