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limassol lima  09:07:24 GMT - 03/28/2012  
Weekly technical outlook for EURUSD as at 26th March 2012
Overview
Last week’s candle closed higher and managed to pull with it the 8 and 21 sma’s into a positive cross over. The price action was however more or less contained within the downward channel. Although one would expect a bounce off the channel top, a break of this channel should not be ruled out. Technically however, EURUSD is still in a technical down trend as the price action is making a series of lower highs and lower lows. The stochastic is also diverging negatively near an overbought area. Furthermore there is broad resistance at the 50%/61.8% Fibonacci of 1.3420/1.3620 and price resistance at 1.3667.
Possible range
The weekly range based upon the most recent Average True Range readings is 270 pips. This implies that EURUSD could potentially trade between 1.29988 and 1.35388.
Long scenario
Break of the downward sloping regression channel with an initial target of 1.3667.
Short scenario
As we are in an established weekly down trend a conservative view of the current price action would be to participate in any sell off down to support of 1.2930, 1.2624 and 1.2328.


Weekly technical outlook for gbp/usd as at 26th March 2012
Overview
Last week’s candle closed higher and the 8 and 21 period sma’s has now crossed positively. Furthermore, the break of the downward channel is still intact. However the bearish divergence in the stochastic is a potential warning of continued market negativity with this indicator firmly in an overbought area.
Possible range
The weekly range based upon the most recent Average True Range readings is 246 pips. This implies that GBPUSD could potentially trade between 1.5623 and 1.6115.
Long scenario
Long above 1.59915 this being the previous swing high.
Short scenario
Short beneath 1.56020 this being the previous swing low.


limassol 5/12/11  09:40:16 GMT - 12/05/2011  
Important Financial Indicators of the day
Forecast Previous
GBP 09:30 (GMT) Services PMI 50.6% 51.3%
USD 15:00 (GMT) ISM Non-Manufacturing PMI 53.6 52.9

Currencies
• EUR/USD The euro gained against most major peers as Italy advanced a plan to cut its deficit before a European summit on the region’s sovereign-debt crisis.
o The euro rose 0.1 percent to $1.3404 at 2:05 p.m. in Tokyo from $1.3391 on Dec. 2, when it completed a 1.2 percent weekly advance.
• AUD/USD The Australian dollar erased gains against the U.S. currency
o The so-called Aussie traded at $1.0211 as of 3:40 p.m. in Sydney from $1.0215 last week.
• USD/CAD Canada’s dollar staged its biggest five-day rally since October after central banks including the Bank of Canada took steps this week to make it cheaper for lenders to borrow dollars during emergencies.
o The loonie, as the currency is also known for the image of the aquatic bird on the C$1 coin, gained 2.6 percent this week to C$1.0195 per U.S. dollar in Toronto.



Commodities
•Gold prices traded steady on Monday, after posting their sharpest weekly rise in more than a month, as the euro zone kicks off a week packed with meetings and decisions crucial to the solution to its debt crisis as well as the euro.
Spot gold was little changed at $1,747.29 an ounce by 0326 GMT, after rising nearly 4 per cent in the previous week.

•Oil rose for a second day in New York on concern that tension in the Middle East threatens supplies and speculation that Europe will take steps to tame a debt crisis that may curb economic growth.
Crude for January delivery climbed as much as 77 cents, or 0.8 percent, to $101.73 a barrel in electronic trading on the New York.
Equities
•Swiss stocks (SMI) climbed, posting their biggest weekly rally since July 2009, after a U.S. report showed the unemployment rate in the world’s largest economy unexpectedly fell in November..
The Swiss Market Index, a measure of the biggest and most actively traded companies, advanced 0.7 percent to 5,718.85 at the close in Zurich.
•European stocks posted their biggest weekly rally in three years as central banks moved to ease the region’s debt crisis and China increased cash supply for its banks to speed up growth in the world’s second-largest economy..
The Stoxx Europe 600 Index jumped 8.7 percent to 240.73, its largest weekly advance since November 2008
• Asian stocks rose for a sixth day, the longest winning streak since Oct. 13, as Italy took steps to resolve its debt problems before European Union leaders meet this week to tackle the region’s crisis.
The MSCI Asia Pacific Index rose 0.2 percent to 117.92 as of 2:40 p.m. in Tokyo with six of 10 industry groups on the index gaining.
Japan’s Nikkei 225 Stock Average rose 0.5 percent.


limassol 10:03:12 GMT - 12/02/2011  
EUR/USD The euro pared gains versus the dollar and yen as concern increased that European leaders will struggle to resolve the region’s debt crisis even after central banks moved to ease dollar borrowing for banks.
The euro appreciated 0.1 percent to $1.3461 at 5 p.m. in New York after surging as much as 1.6 percent yesterday, the most on an intraday basis since Oct. 27.
NZD/USD New Zealand dollar set for a weekly gain against most major peers before U.S. data forecast to show employers added workers at a faster pace, boosting demand for higher-yielding assets..
New Zealand’s dollar bought 78 U.S. cents from 77.94, rising 5.3 percent since Nov. 25.
AUD/USD Australia’s dollar fell from almost a two-week high versus its U.S. counterpart after government reports showed consumer spending slowed and building approvals dropped.
Australia’s dollar fell 0.7 percent to $1.0213 at 12:21 p.m. in New York


limassol 1/12/11  10:11:39 GMT - 12/01/2011  
EUR/USD The euro gained the most in a month against the dollar after the Federal Reserve and five other central banks acted to make more funds available to lenders as Europe’s debt crisis threatens global economic The euro strengthened 1 percent to $1.3446 at 5 p.m. in New York and reached $1.3533, the strongest level since Nov. 22.
USD/JPY The yen weakened against 14 of its 16 most-traded counterparts as Asian stocks extended a global equity rally, curbing demand for haven assets.
Yen was at 77.68 per dollar from 77.62.
USD/CAD The Canadian currency rose the most since May 2010 as central banks including the Bank of Canada reduced the cost of emergency dollar funding to ease Europe’s sovereign-debt crisis, buoying riskier assets.
The loonie appreciated 1.4 percent to C$1.0174 per U.S. dollar at 5 p.m. Toronto time.


limassol 09:09:18 GMT - 11/30/2011  
EUR/USD The euro dropped versus the majority of its most-traded counterparts amid speculation Europe’s effort to expand its bailout fund to 1 trillion euros ($1.3 trillion) is falling short.
The euro was little changed at $1.3317 at 5 p.m. New York time, after earlier gaining to as high as $1.3442, the strongest level since Nov. 23.

AUD/USD Australia’s dollar maintained earlier gains after reports showed capital expenditure surged while bank lending slowed.
The so-called Aussie traded at $1.0033 as of 11:32 a.m. in Sydney, from $1.0022 before the data.

USD/CAD Canada’s dollar rose as oil prices climbed and American consumer confidence increased in November by the most in more than eight years, boosting appetite for higher-yielding assets.
Canada’s currency, also known as the loonie for the image of the aquatic bird on the C$1 coin, gained 0.2 percent to C$1.0321 per U.S. dollar by 5 p.m. in Toronto.






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Amazing Trader EVENT RISK Calendar:

Mon 18 Dec
10:00 EZ- final HICP
Tue 19 Dec
09:00 DE- IFO Survey
13:30 US- Housing Starts/Permits
13:30 US- Current Account
Wed 20 Dec
15:00 US- Existing Homes Sales
15:30 US- EIA Crude
Thu 21 Dec
03:00 JP- BOJ Decision
13:30 CA- CPI & Retail Sales
13:30 US Weely Jobless
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Fri 22 Dec
09:30 US- GB- GDP
13:30 US- core PCE Deflator & Presonal Income
15:00 US- New Homes Sales
15:00 US- final University of Michigan
17:00 US- early Closes
Mon 25 Dec
00:00 Christmas Holidays

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Potential Trading Opportunities

  • POTENTIAL PRICE RISK: Medium Mon--10:00 GMT-- EZ- final November HICP. flash data are rarely changed.


  • POTENTIAL PRICE RISK: HIGH- Medium Tue --09:00 GMT-- DE- IFO Survey. Key report but usually not a market-mover
  • POTENTIAL PRICE RISK: HIGH- Medium- Tue --13:30 GMT-- US- Housing Starts and Permits. Leading indicators of activity

  • POTENTIAL PRICE RISK: HIGH-Medium- Wed --15:00-- US- Existing Homes Sales. Top Housing statistic
  • POTENTIAL PRICE RISK: Medium- Wed --15:30-- US- EIA Crude

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