TREND & TECHNICAL ANALYSIS SUMMARY


Apr 16

Technical analysis of EUR/USD for April 16, 2014

Show full picture When the European market opens, some economic news will be released such as Italian Trade Balance, CPI y/y, Core CPI y/y, German 10-y Bond Auction. The US will release the economic data too such as the Building Permits, Housing Starts, Capacity Utilization Rate, Industrial Production m/m, Crude Oil Inventories, Beige Book, so …

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Apr 16

Technical analysis of USD/JPY for April 16, 2014

Show full picture In Asia, Japan will release the Revised Industrial Production m/m, BOJ Gov Kuroda Speaks, and the US will release some economic data such as Building Permits, Housing Starts, Capacity Utilization Rate, Industrial Production m/m, Crude Oil Inventories, Beige Book. So there is a big probability the USD/JPY will move with low volatility …

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Apr 16

Technical analysis of gold for April 16, 2014

Gold tumbled after the US inflation data had beaten estimates and the Federal Reserve said it would continue its plans to taper monthly monetary stimulus. This action tends to drive up interest rates, making the U.S. Dollar a more favorable investment. On the other hand, the geopolitical issues like Ukraine tensions make traders look at …

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Apr 16

Daily analysis of major pairs for April 16, 2014

EUR/USD: This pair still remains in bulls’ market, although the situation now is precarious. The support line at 1.3800 has already been tested by the pullback that has been happening so far this week. The price did not close below the support line; otherwise the bullish outlook on the market would have been rendered useless. …

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Apr 16

Daily analysis of USDX for April 16, 2014

Daily chart: The USDX continues bullish movements above the support level of 79.19, but it is still part of a corrective movement in favor of the current bearish trend. However, it is expected to rise to the level of 80.62 if the USDX makes a breakout on the resistance level of 80.11, which would jeopardize …

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Apr 16

Will an Upside Surprise to Q1 GDP Quell China Slowdown Fears?

Talking Points: First Quarter China GDP In-Line with Estimates Citigroup Economic Surprise Index Shows Disappointing Chinese Data Chinese Yuan: A Better Q1 GDP Outcome for Reassurance or Stimulus Motivation? China’s economy grew an annual 7.4 percent in the first quarter of 2014, and beating analysts’ expectations calling for a print of 7.3 percent. The benchmark …

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Apr 16

Pound to Look Past Jobless Claims Data, Dollar Eyes Fed Beige Book

Talking Points: Pound Unlikely to Find Momentum in an On-Trend Jobless Claims Decline US Dollar Rebound May Continue to Pro-Taper Tone in Fed’s Beige Book NZ Dollar Weakens as Soft CPI Erodes RBNZ Bets, Yen Falls as Stocks Rise The March set of UK Jobless Claims figures headlines the economic calendar in European hours. Consensus …

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Apr 16

US Dollar Technical Analysis ? Cautious Recovery Under Way

To receive Ilya’s analysis directly via email, please SIGN UP HERE Talking Points: US Dollar Technical Strategy: Holding Long via Mirror Trader Basket ** Support: 10439 (61.8% Fib exp.), 10475-84 (channel floor, 23.6% Fib ret.) Resistance: 10401 (76.4% Fib exp.), 10339 (100% Fib exp.) The Dow Jones FXCM US Dollar Index began to recover as …

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Apr 16

Chinese Yuan: A Better 1Q GDP Outcome for Reassurance or Stimulus Motivation?

Talking Points: Dollar’s Yield Forecast Hemorrhage Staunched by CPI Data Chinese Yuan: A Better 1Q GDP Outcome for Reassurance or Stimulus Motivation? British Pound Loosing Fundamental Traction as Inflation Hits 4 Year Low Dollar’s Yield Forecast Hemorrhage Staunched by CPI Data US yields continue to rise alongside FX-based volatility measures. Both developments indulge the dollar’s …

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Apr 16

USD/JPY Technical Analysis ? Candle Setup Hints at Rebound

To receive Ilya’s analysis directly via email, please SIGN UP HERE Talking Points: USD/JPY Technical Strategy: Flat Support: 101.48 (channel floor), 100.75 (Feb 4 low) Resistance: 102.11 (23.6% Fib exp.), 102.60 (38.2% Fib exp.) The US Dollar may be starting to launch a rebound against the Japanese Yen after prices completed a bullish Morning Star …

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RISK DISCLOSURE

Trading foreign currencies is a challenging and potentially profitable opportunity for educated and experienced investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.

Forex (off-exchange foreign currency futures and options or FX) trading involves substantial risk of loss and is not suitable for every investor. The value of currencies may fluctuate and investors may lose all or more than their original investments. Risks also include, but are not limited to, the potential for changing political and/or economic conditions that may substantially affect the price and/or liquidity of a currency. The impact of seasonal and geopolitical events is already factored into market prices. The leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds and such may work against you as well as for you. The use of leverage can lead to large losses as well as gains. Under certain conditions you may find it impossible to liquidate a position. This can occur, for example, when a market becomes illiquid. The placement of contingent orders by you, such as "stop-loss" or "stop-limit" orders will not necessarily limit or prevent losses because market conditions may make it impossible to execute such orders. In no event should the content of this correspondence be construed as an express or implied promise or guarantee that you will profit or that losses can or will be limited in any manner whatsoever. Past results are no indication of future performance. Information contained in this correspondence is intended for informational purposes only and was obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.

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