Today's Market View (IB Analists)

[IFCM IB Analists]

Today's Market View - GBP

GBPUSD

by Premlesh Pal Singh (Chief Analyst)

The British currency is further much in demand and after break above offers at the level at $1.9960 ad near $1.9975/85. Bulls tested strength of orders set at $2.0000/10. The Pound reached the mark at $2.0020, where the currency movement was stopped. Dealers explained it by large interest for sell near an option barrier at this level. They pay attention, too, that an Asian official account played a role of a Pound-seller that kept back an upside movement of the currency pair. In the same time GBPUSD is actively bought by an American investment house and the mood at the market remain positive yet. But there seem to be lots of barriers to continue the upside movement. Dealers speak about orders for sell at the level at $2.0030 and near an option barrier at $2.0050/60 following offers at $2.0020. Bids remain near $1.9980/70 and at the level at $1.9950 and at $1.9930/20.

From the chart technical view the daily stochastic is in the overbought zone and the risk of correction is increased. Meanwhile the daily momentum is rising. The Pound trades now with $2.0082.

Click here to the official website of IFC Markets​

EURGBP

by Praful Narain (Technical Analyst)

Growth in daily indicators supports a break of upper limit of the figure “triangle” from April. Mood became better and risks to hit a new record high remains as the single European currency afterwards fell down.

RES 4: stg0.8100/20 historical high of 16 Apr., 2% envelope
RES 3: stg0.8040 1% envelope
RES 2: stg0.8035 highs of 21 Mai and 9 Jun.
RES 1: stg0.8021 high of 11 Jul.

Current quotation: Stg0.7952

SUP 1: stg0.7860/92 Bollinger Bands, 1% envelope, 100-day moving average, base of the figure “triangle”
SUP 2: stg0.7849 low of 19 Jul.
SUP 3: stg0.7823/35 low of 8 and 30 Mai
SUP 4: stg0.7795 2% envelope

Click here to download IFC Markets Trade Terminal​

 

[IFCM IB Analists]

Today's Market View - GBPUSD

The British Pound dropped as claim account in GB came in weaker than expected. The number of unemployment with 15.500 in June is much worse than expected (consensus: +10.000). It is the worst fall since December 1992. ILO-unemployment was down in May to 5,2% (expected 5,3%). Average earnings in May including bonus was 3,8% and more than expected. The British economy is cooled down by surging inflation pressure. The British Pound quoted against the American Dollar at low at $2,0039 and landed just on the 38,2% Fibonacci correction level of November/January low at $2,0035. The support line is at 2,0025 of April high. GBPUSD junped up to $2.0155 mark, then a little recovered to the 23.60% Fibonacci correction level. There is a strong resistance zone at $2,0150-90. Above this zone a resistance line at 2,0240 stands before upside movement of the currency pair. A break of this line confirm bullish trend of the British currency.

Click here to the official website of IFC Markets​

 

[IFCM IB Analists]

Today's Market View - EURUSD

Attempts of EURUSD to move up is rebuffed at the level at $1.5870/80. In this moment the currency pair is quoted at $1.5872, testing interest to sell at the level of $1.5840/30. A break below may pave a way to further bids at the Wednesday and intraday low at $1.5810/00. If this level is broken through, it is not worth excluding a deep correction, but technical analysts from Barclays Capital said that the single European currency keeps the potential to rise. Barclays noted that EURUSD remains above supports at the level at $1.5750 that protect bearish movement, and speaks about a target of movement to $1.65/70. Analysts pay attention to surging risk of fall of the Euro, if bull trader can not protect the support at $1.5750 and take the last break above $1.60 for fault that points out to the potential of a serious correction.

Click here to the official website of IFC Markets​

Economic Calendar

*** - very important; ** - important; * - less important

Time(CET) Location Indicator Period Unit Forecast Previous Actual

17-Jul-08

***13:00 Switzerland ZEW Index (Economic Sentiment) July -63.8

**16:30 United States Build Permits June Mln 0.96 0.978

***16:30 United States House Starts June Mln 0.96 0.975

***16:30 United States Jobless Claims w/e k 380 346

***16:30 United States Jobless Claims w/e Mln 3.2 3.202

*16:30 United States Jobless 4-week Average w/e k 380.5

**16:30 United States Build Permits June % 0.4

***16:30 United States House Starts June % -3.3

**18:00 United States Philadelphia Fed July -15 -17.1

***18:30 Canada BOC Monetary Policy Report

***19:15Canada BoC Governor speaks

18-Jul-08

**05:30 Australia Export Prices Qtr2 % 10 3.5

**05:30 Australia Import Price Qtr2 % 1.7 2.7

During the news the market may heavily and unexpectedly move, depending on results of publications and statements. So we recomend all traders to set alarm for risk management and minimalization of losses before the news.

 

[IFCM IB Analists]

Today's Market View - USD

by Shivam Machama (Senior Analyst) and Francois Bidwai (Ichimoku Specialist)

At the beginning of European trade session the Dollar as before take a defensive position after Dollar sell in New York against background of unfavourable financial data and unclear further perspective of such companies like Amex, Apple and Texas Instruments. In Asian market Euro/Dollar was a little strengthened above New York highs at $1,5930 to $1,5938. As the currency pair keeps position at $1,5925, a setback attracts Dollar-buyers on the market. Dealers note that below $1,5900 they see strong interest on buy in EURUSD. As for the Dollar against the Japanese Yen, in Asia the Greenback was sold at every moving up. As a result the American currency hit the low at Y106,32, but a support recovered the Dollar.

EUR/USD: The fact, that the currency pair formed the bottom at $1,5800 and closed yesterday above $1,5900, can be a necessary stimulus for repeated test of the level of the historical high at $1,6020/40.

Strategy: Open small long positions on fall to the level to $1,5900, adding positions till $1,5835. Stop below $1,5750. Close long positions in the range between $1,5950 and $1,6020, resuming buys on the case of week close above $1,6025 or sure break above $1,6050 with a target at $1,6100 and then at $1,6250.

USD/JPY: Yesterday the currency pair stopped approaching to Y107,50 and now falls in direction to 106.00, as we expected. Today expect careful movement below Y107,00. Falls are probably limited to the upper line of Ichimoku clouds at 106,00. But during this week the Greenback possibly continues dropping. Only a week close below Y105,50 signals that intermediate peak is formed.

Strategy: Sell at Y106,50/106,75. Stop above Y107,20. Short-term target is at 106,00, then 105,00.

GBPUSD: The British Pound moved up from the level at $1,9900 and was closed above $2,0000. It can create conditions for next “short grip” to the end of this week. When the British currency begins surely trading above $2,0100, the risk of next weakening will be decreased.

Strategy: Buy at the level at $2,0010, adding positions till $1,9925. Stop below $1,9800. Short-term target is at $2,0100 and the next one is at $2,0200.

Click here to the official website of IFC Markets​

Economic Calendar

Time(CET) Location Indicator Period Unit Forecast Previous Actual

22-Jul-08

*** - very important; ** - important; * - less important

**08:15 Switzerland Trade Balance June Mln 1874.1 2412.8

***10:45 United Kingdom BoE Governor speaks

*14:10 United States Treasury Secretary Paulson Speaks

***14:30 Canada Retail Sales Ex Autos May % 0.8 1.1

***14:30 Canada Retail Sales May % 0.6 0.6

*14:55 United States Redbook mm w/e % 1.2

*14:55 United States Redbook yy w/e % 2.7

*16:00 United States Richmond Fed Index July% -12

During the news the market may heavily and unexpectedly move, depending on results of publications and statements. So we recomend all traders to set alarm for risk management and minimalization of losses before the news.

 

[IFCM IB Analists]

Market View and Concourse Registration

The Australian Dollar continues correction at the level of longstanding highs of the previous week, as falling below the 21-day moving average. Today the Australian Dollar received support against the American Dollar as a trend line from Januar's highs and that of the 55-day moving average. Breakthrough below stimulates fall to the low of this month about $0.9481.

RES 4: $0.9851 longstanding high (16 Jul.)
RES 3: $0.9705 10-day MA
RES 2: $0.9682 5-day MA
RES 1: $0.9644 21-day MA

current quotation: $0.9612

SUP 1: $0.9569/64 upside trend from January's low, 55-day moving average
SUP 2: $0.9481 low of 9 Jul.
SUP 3: $0.9440 100-day MA
SUP 4: $0.9330 low of 12 Jun.

IFC Markets - International Forex Broker​

IFC Markets is planning the third Forex Trade Concourse for traders. In this time traders all over the world can participate in this concourse and may become a winner. Malaysian traders are welcome to the concourse!

Participation Fee: no fee

Period: from 15th September 0:00 to 15th October 0:00 (CET)

Initial Deposit: $100

Leverage: 1:100

Winners: from 1st to 10th place

Awards: from $2000 (first prise)

How to participate in the Forex Trade Concourse:

1. Download our Trade Terminal NetTradeX and open a DEMO account;
2. Send a number of your opened DEMO account;
3. Send a copy of your passport, ID card for registration.

Please send all information at registration

* We need a copy of your official document in order to prevent multiple registration.

Click here to download Forex Trade Terminal NetTradeX to start registration​

You can know more detailed information at IFC Markets Supportor in our Live Chat

You can see the second forex concourse on this page and after concourse the information about the third forex concourse. www.ifcmarkets.com < http://ifcmarkets.com/en/concurs/

 

[IFCM IB Analists]

Today's Forex Trade Strategy

EURUSD: The single European currency formed against the American Dollar a bottom near the upper limit of Ichimoku clouds after a serie of corrections of A, B and C, which is a little higher than A. We expect a harsch ralley to $1,5800. A week close above this price can turn the indicator Momentum to bear side.

Strategy: Buy at the level at $1,5715; set a stop below $1,5625. Add long positions in the case of sure break above $1,5800 and close them at the level of $1,5950 and $1,6020.

USDJPY: The Greenback slipped down against the Japanese Yen from trend of resistance line and now trades in below the 200-day moving average. We continue waiting that a recover may stop at the figure of the week close below Y106,00. Such a movement can swing Momentun to a bear side. Today expected is a nervous situation in a range between Y106,00 and 107,00.

Strategy Sell at the level at 106,70/107.00, stop above Y107,55. Short-term target is at Y106,00, the nexe one is at Y105,25.

GBPUSD: The British Pound attempted to find a bottom near 1,9800. With help of another currency the Pound can start again a ralley to the figure to 2,0000. We remaind that when the British currency start to trade surely in above $2,0100, a risk of next weakening may be reduced. A week close above $2,0000 stimulates a rise.

Strategy: Open small long positions at the level at $1,9855. stop below $1,9800. A short-term target is at the level of $2,0000 and the next one is at $2,1000.

IFC Markets - International Forex Broker​

IFC Markets is planning the third Forex Trade Concourse for traders. In this time traders all over the world can participate in this concourse and may become a winner. Malaysian traders are welcome to the concourse!

Participation Fee: no fee

Period: from 15th September 0:00 to 15th October 0:00 (CET)

Initial Deposit: $100

Leverage: 1:100

Winners: from 1st to 10th place

Awards:

1. place - $2000
2. place - $1500
3. place - $1000
4. place - $800
5. place - $600
6. place - $500
7. place - $500
8. place - $500
9. place - $500
10. place - $500

Special Prize - $1000 (for one person)

How to participate in the Forex Trade Concourse:

1. Download our Trade Terminal NetTradeX and open a DEMO account;
2. Send a number of your opened DEMO account;
3. Send a copy of your passport, ID card for registration.

Please send all information at registration

* We need a copy of your official document in order to prevent multiple registration.

Click here to download Forex Trade Terminal NetTradeX to start registration​

You can know more detailed information at IFC Markets Supportor in our Live Chat

 

[IFCM IB Analists]

Trade Strategy and Forex Contest

EURUSD: The currency pair consolidated on the upper limit of Ichimoku clouds after the 3 corrections. We expect correction to 9- and 26-day moving average at the level at $1,5764/$1,5786. Sure break above the level which can occur today in the second half day, adds necessary bullish impulse to the currency pair.

Strategy: Buy at the level at $1,5750; stop below $1,5625. Add long positions in the case of sure break above $1,5800 and close them at the level of $1,5950-$1,6020.

USDJPY: The Greenback quoted in a narrow range below June highs. The American currency is not overbought and Momentum is on 100. Open interest falls again and is equal to the half of peak of the previous year. Today a trade in a range between Y107,75 and 106,65.

Strategy: Sell at the level of Y107,50, add positions till Y108,00; stop above 108,65. Short-term target is at 107,25, the next one is at 106,65.

GBPUSD: Trade passes in the frame of a potential figure “flag”, till the currency pair is hold above 1,9800. Today attempts to test the level of 2,0000 is possible.

Strategy: Open long positions at the level of $1,9950, add positions till 1,9850; stop below $1,9800. Short-term target at $2,0000, the next one is at $2,1000.

IFC Markets - International Forex Broker​

IFC Markets is planning the third Forex Trade Contest for traders. In this time traders all over the world can participate in this contest and may become a winner. Forex traders are welcome to our Contest!

Participation Fee: no fee

Period: from 15th September 0:00 to 15th October 0:00 (CET)

Initial Deposit: $100

Leverage: 1:100

Winners: from 1st to 10th place

Awards:

1. place - $2000
2. place - $1500
3. place - $1000
4. place - $800
5. place - $600
6. place - $500
7. place - $500
8. place - $500
9. place - $500
10. place - $500

Special Prize from IFC Markets - $1000 (for one person)

How to participate in the Forex Trade Contest:

1. Download our Trade Terminal NetTradeX and open a DEMO account;
2. Send a number of your opened DEMO account;
3. Send a copy of your passport, ID card for registration.

Please send all information at registration

* We need a copy of your official document in order to prevent multiple registration.

Click here to download Forex Trade Terminal NetTradeX to start registration

You can know more detailed information at IFC Markets Support or in our Live Chat

 

[IFCM IB Analists]

EURCHF and Forex Trade Contest

Inspite of current stability of EURCHR analysts of Barclays Capital speak that the Mail high at the level of Chf1,6380 near the current quotation (Chf1,6334) can be stable to tests. So experts expect that in the short-term perspective the Cross will fall under correction that may continue to the support level of Chf1,6250-25. In the same time an exite above the upper limit of the range allows the currency pair to renew a current ascending trend from July's high with a target at the level of Chf.1,65.

IFC Markets - International Forex Broker

IFC Markets is planning the third Forex Trade Contest for traders. In this time traders all over the world can participate in this contest and may become a winner. Forex traders are welcome to our Contest!

Participation Fee: no fee

Period: from 15th September to 15th October (CET)

Initial Deposit: $100

Leverage: 1:100

Winners: from 1st to 10th place

Awards:

1. place - $2000
2. place - $1500
3. place - $1000
4. place - $800
5. place - $600
6. place - $500
7. place - $500
8. place - $500
9. place - $500
10. place - $500

Special Prize from IFC Markets - $1000 (for one person)

How to participate in the Forex Trade Contest:

1. Download our Trade Terminal NetTradeX and open a DEMO account;
2. Send a number of your opened DEMO account;
3. Send a copy of your passport, ID card for registration.

Please send all information at registration

* We need a copy of your official document in order to prevent multiple registration.

Click here to download Forex Trade Terminal NetTradeX to start registration

You can know more detailed information at IFC Markets Support or in our Live Chat

 

[IFCM IB Analists]

Technical Analysis AUDUSD and Forex Contest

Australian Dollar fell below the 200-day moving average and the close below this level, which was first time from August 2007, means a negative signal. But it is necessary to pay attention to the fact that the Cross moves below the 2% envelope that points at excessiveness of movement. Generally long-term perspective seems negative, taking into account bearish trend below the basic moving averages.

RES 4: $0.9556 55-day moving average
RES 3: $0.9448/49 10, 100-day moving average
RES 2: $0.9323 5-day moving average
RES 1: $0.9203 200-day moving average

Current quotation: $0.9154

SUP 1: $0.9033 low of 1 Apr.
SUP 2: $0.9020 38.2% Fobonacci between $0.7681 and $0.9847
SUP 3: $0.8956 low of 20 March
SUP 4: $0.8764 50% Fibonacci between $0.7681 and $0.9847

IFC Markets - International Forex Broker

IFC Markets is planning the third Forex Trade Contest for traders. In this time traders all over the world can participate in this contest and may become a winner. Forex traders are welcome to our Contest!

Participation Fee: no fee

Period: from 15th September 0:00 to 15th October 0:00 (CET)

Initial Deposit: $100

Leverage: 1:100

Winners: from 1st to 10th place

Awards:

1. place - $2000
2. place - $1500
3. place - $1000
4. place - $800
5. place - $600
6. place - $500
7. place - $500
8. place - $500
9. place - $500
10. place - $500

Special Prize from IFC Markets - $1000 (for one person)

How to participate in the Forex Trade Contest:

1. Download our Trade Terminal NetTradeX and open a DEMO account;
2. Send a number of your opened DEMO account;
3. Send a copy of your passport, ID card for registration.

Please send all information at registration

* We need a copy of your official document in order to prevent multiple registration.

Click here to download Forex Trade Terminal NetTradeX to start registration

You can know more detailed information at IFC Markets Support or in our Live Chat

 

[IFCM IB Analists]

Technical Analysis EURUSD and Forex Contest

EURUSD continues an ascending correction at the beginning of the European Market. The Cross recorded the high at $1,5516, but according to dealers the execution of stops did not give necessary stimulus to the Euro that provoked current take profit. Experts expressed their assumption that the Euro will not move away from the level of $1,5490, because of the strike option in big volume. Offers are in the range between $1,5520 and 1,5525 and above $1,5530/35. Ask seems at the level of $1,5485/80.

IFC Markets - International Forex Broker

IFC Markets is planning the third Forex Trade Contest for traders. In this time traders all over the world can participate in this contest and may become a winner. Forex traders are welcome to our Contest!

Participation Fee: no fee

Period: from 15th September 0:00 to 15th October 0:00 (CET)

Initial Deposit: $100

Leverage: 1:100

Winners: from 1st to 10th place

Awards:

1. place - $2000
2. place - $1500
3. place - $1000
4. place - $800
5. place - $600
6. place - $500
7. place - $500
8. place - $500
9. place - $500
10. place - $500

Special Prize from IFC Markets - $1000 (for one person)

How to participate in the Forex Trade Contest:

1. Download our Trade Terminal NetTradeX and open a DEMO account;
2. Send a number of your opened DEMO account;
3. Send a copy of your passport, ID card for registration.

Please send all information at registration

* We need a copy of your official document in order to prevent multiple registration.

Click here to download Forex Trade Terminal NetTradeX to start registration

You can know more detailed information at IFC Markets Support or in our Live Chat