Forex Technical Analysis

[alex22]

eur usd

time daily

pattern : reciprocal ab=cd

 

[alex22]

eur gbp

alt bat . time daily

 

[alex22]

MARKET PULSE
• US : FORECAST payrolls grew in March, according to a forecast of 58 economists.
• EURO-ZONE: FORECAST unemployment climbed to a record in February.
• GOLD: ETP fell 6.9 % this year as the USD Index gained 4.2 %.
• PLATINUM: ETP rose to a record of 52.3814 MT on March 28.
• GOLD : Falls 4.6% in Q1 , first two consecutive quarterly declines.
• CHINA: March manufacturing PMI at 50.9 vs estimate of 51.2. ( Highest growth in 11 months).
• INDIA: Overseas funds added $1.9 in equities March adding to f $4.1 billion in February.

COMMODITIES
• Bullish Bets Rebound at Fastest Pace in Four Years in Commodities
• WTI Slides From Six-Week High; Exxon Shuts Gulf Coast Pipeline
• Copper Drops to 8-Month Low in Shanghai on China Manufacturing
• Spot Gold Little Changed as Stronger USD Seen Reducing Demand


MARKETS
DJIA 14578.54 52.3 EUR 1.279 0.0 DINR1M 182.11 -0.17 NSE1M 54.675 0
NASDAQ 3267.521 11.0 GBP 1.5198 0.0 DINR2M 181.11 -0.14 NSE2M 54.99 0
FTSE 6411.74 24.2 JPY 93.81 -0.4 INR-Spot 54.28 0 MCX1M 54.6725 0
NIKKEI 12236.26 -161.7 GOLD 1599.34 1.8 NDF1M 54.92 0 MCX2M 54.985 0
HANG-S 22299.63 0.0 SILVER 28.211 -0.1 NDF2M 55.22 0 WTI 96.8 -0.43
NIFTY 5708.35 25.8 3MCU 7540 0.0 SENSEX 18913.81 78.04 BRENT 109.66 -0.36



INDIAN INR
MARKETS
There were no trades in India's bond and currency markets today as banks closed their accounts for the financial year ended March 31. INR gained 0.2 % on March 28, taking the 1st quarter's advance to 1.3 %. 10 Year Benchmark at 7.95%. INR, ended last quarter at 54.28 and may trade between 54 and 55 in the coming weeks.
FACTORS
• Overseas funds added $1.9 in equities March adding to f $4.1 billion in February.
• Corporate appetite for offshore loans will be intact as long as the currency is at current levels.

GOLD
MARKETS
Gold spot at $1,598.58 versus $1,598.75.The price dropped 4.6 % in the 1st quarter to complete the 1st two consecutive quarterly declines since 2001. Silver declined 1 % to $28.165 - the weakest since March 27, extending two quarterly drops
FACTORS
• U.S. recovery and stronger USD may cut gold demand.
• FORECAST : U.S. payrolls grew in March, according to the median forecast of 58 economists
• FORECAST : Euro-Zone unemployment climbed to a record in February.
• ETP fell 6.9 % this year as the USD Index gained 4.2 %.
• Platinum ETP rose to a record of 52.3814 MT on March 28,

FOREIGN EXCHANGE
MARKETS
The euro traded at $1.2801, down about 0.1 % from late Asian trade on Friday and near a 4-month low of $1.2750 hit on Wednesday.
FACTORS
• Euro Declines After Monthly Drop on Weakening Economic Recovery
• China's March manufacturing PMI at 50.9 vs estimate of 51.2 .
• China's yuan rose to a 19-year high .
• China manufacturing expanded in March at the fastest pace in 11 months.

COPPER
Copper fell to its lowest level in more than 8 months on Monday, pressured by a weak euro and new measures to cool down China's property sector. July copper contract fell 1.9 % to $8,700 lowest since July 25


OIL
Crude oil prices rose on Wednesday in choppy trading as U.S. heating oil rallied on falling distillate inventories, while rising crude oil stockpiles in the United States and the stronger USD limited gains. Brent May crude rose 33 cents to settle at $109.69, after reaching $109.98, testing resistance near its 200-day moving average of $109.90. The session low was $108.85. U.S. May crude rose 24 cents to settle at $96.58, having traded from $95.58 to $96.84, which was the highest intra day price in five weeks.

 

[alex22]

MARKET PULSE
• US: The ISM factory index fell to 51.3 from an almost two-year high of 54.2 in February.
• EURO ZONE: FORECAST: Unemployment in the euro area climbed to a record 12 %.
• EURO ZONE: ECB to announce the interest-rate decision on Thursday 4th April 2013.
• EURO ZONE Cyprus seeks more time to meet targets in talks with Troika.
• EURO ZONE Barclays FORECAST Sees slow-down taking Euro to $1.23.
• EURO ZONE German inflation at 2- Year low ( 1.7 % from 1.8 % in February)
• INDIA: Current-account deficit record $32.6 billion in Q1 (previous quarter's $22.6 billion)
• INDIA: Needs $75 billion of foreign capital in the year through March 2014 to fund the deficit.
COMMODITIES
• WTI Drops for a Second Day; U.S. Crude Stockpiles Seen Rising
• Copper Tumbles to Seven-Month Low as Metals Fall on Factory Data
• Gold Climbs for Third Day as Silver Rebounds Following U.S. Data
• Copper Below March Low Signaling More Losses:
MARKETS

DJIA 14572.85 -5.7 EUR 1.2864 0.0 DINR1M 182.95 0.26 NSE1M 54.67 -0.005
NASDAQ 3239.173 -28.3 GBP 1.5238 0.0 DINR2M 181.89 0.19 NSE2M 54.985 -0.005
FTSE 6411.74 24.0 JPY 92.81 -0.4 INR-Spot 54.3288 0.0488 MCX1M 54.67 -0.0025
NIKKEI 12051.2 -83.8 GOLD 1602.28 2.8 NDF1M 54.74 0.05 MCX2M 54.9875 0.0025
HANG-S 22317.97 18.3 SILVER 28.055 0.0 NDF2M 55.04 0 WTI 96.69 -0.38
NIFTY 5695.6 -8.8 3MCU 7455.25 -84.8 SENSEX 18854.14 -10.61 BRENT 110.77 -0.31


INDIAN INR
MARKETS
INR declines 0.1% to 54.3325; 1-month volatility slides 6 BP to 8.0375%. 3 Month INR forwards traded at 55.39 Vs. 55.33. 3M NDF at 55.35 vs. 55.53 . 10 Year Benchmark at 7.985 , 1-year IRS at 7.4750%; 5-year IRS at 7.2300%
FACTORS
• Technical: INR approaching 100 DMA at 54.3887.
• Current-account at a record $32.6 billion in Q1( previous quarter's $22.6 billion).
• Needs $75 billion of foreign capital in the year through March 2014 to fund the deficit.
• INR strengthened 1.3 % last quarter.
• USD Index fell 0.2 % today after data yesterday showed U.S. manufacturing slid in March.

GOLD
MARKETS
Gold Spot up 0.3 % to $1,603.88. Silver gained 0.6 % to $28.1925 Vs. $28.0375. It was the lowest settlement since Aug. 15,and 19.9 % below the closing high on Oct. 4.
FACTORS
• US: The ISM factory index fell to 51.3 from an almost two-year high of 54.2 in February,
• Gold ETP increased to 2,449.95 MT from 2449.839 tons last week.
• FORECAST: Unemployment in the euro area climbed to a record 12 %.
• European Central Bank to announce the interest-rate decision on Thursday 4th April 2013

FOREIGN EXCHANGE
MARKETS
JPY at 1-month high. USD fell 0.3 % to 93.04 yen, having fallen as far as 92.96, the USD's lowest level against the JPY since early March.
FACTORS
• CAD at 5-Week High on Job Forecast .
• Cyprus Seeks More Time to Meet Targets in Talks With Troika .
• Barclays FORECAST Sees slow-down taking Euro to $1.23.
• German inflation at 2- Year low ( 1.7 % from 1.8 % in February).

OIL
Brent crude rose above $111 a barrel in choppy trading on Monday as a weaker USD provided support, while U.S. crude prices fell as a pipeline leak in Arkansas threatened to increase the glut of oil in the U.S. Midwest. Brent May crude rose $1.20 to $111.22 having risen above the 200-day moving average of $110.05. U.S. May crude was down 28 cents at $96.95 after hitting a six-week high of $97.80 during the session.

 

[alex22]

MARKET PULSE
• US: New Factory Orders rose the most in five months .
• US : S&P 500 Index closed higher to a new record (Up 10 % in 2013).
• US : USD Index up 4 %.in 2013.
• GOLD : SG : Gold at $1,375 by December , Average $1,500 2013 , and $1400 in 2014.
• GOLD : SPDR Gold Trust, worlds biggest ETF fell to 1,208.92 MT (Lowest since July 2011) .
• AUSTRALIA : AUD rose on a smaller-than-estimated trade deficit.
• CENTRAL BANKS reserves up $30.1 billion in CAD and AUD (Q4 2012) versus $31.5 billion in USD.
• UK: Inflation: Retail prices rose 1.4 % Year on Year versus 1.1 % in February.
• INDIA : Global funds bought $ 459 m of local bonds on April 1st, biggest 1-day inflow.

COMMODITIES
• WTI Crude Drops as U.S. Oil Stockpiles Gain Most in Four Weeks
• Gold Declines to Three-Week Low as Investors Reduce Holdings
• Gold Futures Decline the Most in Five Weeks


MARKETS
DJIA 14662.01 90.0 EUR 1.2805 0.0 DINR1M 182.86 0.19 NSE1M 54.685 0.0775
NASDAQ 3254.862 15.7 GBP 1.5087 0.0 DINR2M 181.76 0.16 NSE2M 55.015 0.0775
FTSE 6490.66 79.0 JPY 93.53 0.1 INR-Spot 54.3712 0.1024 MCX1M 54.6825 0.075
NIKKEI 12314 310.6 GOLD 1567.69 -8.2 NDF1M 54.77 -0.09 MCX2M 55.015 0.0775
HANG-S 22330.89 -36.9 SILVER 27.0825 -0.2 NDF2M 55.07 -0.1 WTI 96.69 -0.5
NIFTY 5724.45 -23.7 3MCU 7480 15.0 SENSEX 18984.86 -56.09 BRENT 110.34 -0.35



INDIAN INR
MARKETS
INR declines for first time in 3 trading days, falling 0.3% to 54.4050. 1-month volatility at 7.9925%. 3-month forwards at 55.44 versus 55.35. 3-Month NDF at 55.37 versus 55.28. 10 year benchmark at 7.993%.1-year IRS at 7.4600%, 5-year IRS at 7.2350%.
FACTORS
• Technical :Support at 54.3451; next support at 54.4213, 54.5488; pivot point at 54.2938; resistance at 54.2176, 54.1663, 54.0388.
• Global funds bought $ 459 m of local bonds more than they sold on April 1, biggest 1-day inflow.
• Trade Deficit at $32.6 on imports of oil and gold , export growth slows.
• USD Index fell 0.2 % on 3rd April.

GOLD
MARKETS
Gold spot fell 0.8 % to $1,563.68 (Lowest since March 8 ). Gold June fell 0.5 % to $1,568. Cash silver, fell
0.9 % to $27.025,( lowest since Aug. 2, 2012).
FACTORS
• SPDR Gold Trust, worlds biggest ETF fell to 1,208.92 MT (Lowest since July 2011)
• US : New Factory Orders rose the most in five months
• S&P 500 Index closed higher to a new record (Up 10 % in 2013)
• USD Index up 4 %.in 2013
• Societe Generale : Gold at $1,375 by December , Average $1,500 2013 , and $1400 in 2014

FOREIGN EXCHANGE
MARKETS
The yen retreated from a 1-month high , while the euro was lower too. JPY at 93.37 (1-month low of 92.57 on Tuesday) . It was still some way off a 3-1/2 year high of 96.71 set last month.
FACTORS
• EUR weaker on opinion of stimulus from ECB tomorrow.
• BoJ 2-day meeting. Opinion may increase monthly bond purchases due to deflation.
• AUD rose on a smaller-than-estimated trade deficit.
• Central Banks reserves up $30.1 billion in CAD and AUD (Q4 2012) versus $31.5 billion in USD.
• UK: Inflation: Retail prices rose 1.4 % Year on Year versus 1.1 % in February.


OIL
Oil prices slipped on Tuesday as concerns about supply and the pace of growth in the United States and the Euro Zone economy tempered optimism about stronger demand in Asia.
• Brent May crude fell 44 cents to $110.64 , after hitting an early high of $111.79. The low for the session of $110 a barrel saw Brent below the 200-day moving average at $110.17.
• U.S. May crude was up 14 cents at $ 97.21 , after earlier falling to a low of $ 95.91.
• The Brent/U.S. crude spread narrowed to around $13.60 after widening to $14.66 earlier in the session.

 

[alex22]

EOS EDGE: In preferences if "cancel on logout is ticked" orders will get cancelled on log out.

DGCX INR OPEN HIGH LOW PD CLOSE
Thursday, April 04, 2013 182.41 181.9 182.55 182.3
54.8216 54.9753 54.7795 54.8546

MARKET PULSE
• GOLD Down 18.7% from high ($1,900.23 Sep 2011) near 20 % that defines a bear market.
• GOLD ETP stood at 2,437.38 MT yesterday, 7.4 % below the high reached on Dec. 20, 2012
• US companies added fewer jobs than projected.
• U.S. Labor Department is scheduled to report non-farm payrolls data for March tomorrow.
• US Fed President J. Bullard "no hurry to reduce bond buying with inflation below its 2 % target."
• EURO- ZONE Draghi Considers Plan B as Sentiment Dims After Cyprus .
• UK FORECAST: BoE to hold asset purchases at 375 billion pounds ($568 billion) today
DJIA 14550.35 -112.0 EUR 1.2836 0.0 DINR1M 182.09 -0.21 NSE1M 54.91 0.16
NASDAQ 3218.604 -36.3 GBP 1.5106 0.0 DINR2M 181.00 -0.25 NSE2M 55.245 0.1575
FTSE 6420.28 -70.4 JPY 94.42 1.4 INR-Spot 54.6275 0.1875 MCX1M 54.9075 0.1575
NIKKEI 12451.87 89.7 GOLD 1549.62 -8.3 NDF1M 55.02 0.1 MCX2M 55.2425 0.1625
HANG-S 22337.49 0.0 SILVER 26.9 -0.1 NDF2M 55.37 0.11 WTI 94.41 -0.04
NIFTY 5618.9 -54.0 3MCU 7342.5 -45.5 SENSEX 18681.01 -120.63 BRENT 107.38 0.27

INDIAN RUPEE
MARKETS
INR declines for 2nd day, fell 0.2% to 54.5550. 1-Month volatility down 8 bps to 7.7800%. 3-month forwards at 55.71 versus 55.49, NDF at 55.69 versus 55.43.. 10 Year benchmark at 7.95% . 1-year IRS at 7.4050%; 5-year IRS at 7.2100%
FACTORS
• Technical : INR broke support at 54.4904, 54.5408; next support at 54.6620; pivot point at 54.4196; resistance at 54.3692, 54.2984, 54.1772.
• Indian exporters to get 30 billion INR of additional incentives
• GDP in the U.S. rose at a 0.4 % annual rate in the fourth quarter, up from a 0.1 % estimate.
GOLD
MARKETS
Gold Spot lost 1 % to $1,541.82 (lowest l since May 30), Gold June down 0.8 % to $1,541.20 . Spot silver fell 1 % to $26.73 (lowest since July 24) .
FACTORS
• Gold down 18.7% from its record close of $1,900.23 in September 2011, nearing the 20 % that defines a bear market.
• ETP stood at 2,437.38 MT yesterday, 7.4 % below the high reached on Dec. 20, 2012
• US companies added fewer jobs than projected.
• U.S. Labor Department is scheduled to report non-farm payrolls data for March tomorrow.
• Fed President J. Bullard "no hurry to reduce bond buying with inflation below its 2 % target."

FOREIGN EXCHANGE
MARKETS
The yen held near one-month highs against the USD , JPY at 93.05 down from a session high of 93.69 on Wednesday. It has lost nearly 4 % from a 3-1/2 year peak of 96.71 . Initial support is seen around 92.55, the 23.6 % retracement of its Nov-March rally.
FACTORS
• CAD Falls From 6-Week High as Crude Oil, Stocks Drop
• Draghi Considers Plan B as Sentiment Dims After Cyprus .
• FORECAST UK will hold its target for asset purchases at 375 billion pounds ($568 billion) today.
• AUD up after Retail Sales exceeds forecasts.

COPPER
Copper slipped to its lowest in eight months on Thursday after weak jobs data suggested that the U.S.labor market recovery may not be sustained, hurting demand expectations for metals in a thin market with China out for a two-day break. 3-month copper fell to its lowest since August 3 at $7,356.25 before paring loses to $7, still down 0.24 % .

OIL
Oil prices fell more than 2 % on Wednesday as U.S. crude oil inventories grew to their highest level since 1990 and weak economic data stoked worries about U.S. energy demand. Brent crude was down $2.72 at $107.97 having fallen as low as $107.78. U.S. crude was down $2.19 at $95 a barrel, having fallen to $94.89, just above the 50-day moving average at $94.64.

 

[alex22]

eur cad

time daily

pattern : bat

 

[alex22]

chf jpy

time daily

pattern : shark

 

[alex22]

usd chf

time h4


pattern : ab=cd - alt bat

 

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