Update Daily Invesment News

Daily Forex Technicals |    Written by India Forex
The EURUSD is currently trading at 1.3410 levels. Our exporter clients are booked more than 50% above 1.3600 levels for April and May. Importers have already taken significant covers near 1.33 levels earlier (refer last 16 days update). Please note that the Monthly charts are signalling that Euro is highly oversold but only and only if 1.3650 breaks and closes for 1-2 sessions it can move higher otherwise selling on upmoves would be preferred for exporters till 1.3650. Bearish below 1.3650 levels. (EURUSD - 1.3410).
GBPUSD is currently trading at 1.5366 levels and moved up after opening with a BIG gap on Monday. We had started covering for exporters from 1.55 levels onwards till April and May. Near term imports are already covered for clients (refer last 16 days update) around 67- 68 levels. Please note that the Monthly charts are signalling that GBP is highly oversold and only and only if it strengthens above 1.55 on 1-2 closing basis it could move higher. - Bearish below 1.5600 levels. (GBPUSD 1.5366)
USDJPY is currently trading 93.14 levels. Yen is taking strong resistance near 93.80 & 94.28, break of these would move towards 95-98 levels. Weekly close above 92 levels has increased chances for a move towards a 96-98 levels. Importers hold for covers till 95 levels atleast. Buys near 91.70 are already fetching us 100 pips. (USDJPY- 93.14). Long Term (3-6 months) Target 98 and higher. WE JUST NEED A CONSISTENT BREAK OF 94.30 TO MAKE THIS HAPPEN.
AUDUSD is currently trading at 0.9321 levels. Importers cover on dips. Exporters in Aud may start booking from 0.9350 onwards partially. Since the Aud has increased interest rates and Gold is holding above 1135 dollars we would stay away from shorts. Buying on dips is recommended. (AUDUSD - 0.9321). Bullish.
Gold is currently trading at $1142 levels and it took support from 55 days moving average at 1124 levels . We feel the bias is clearly on the upside . Buy on dips remains strategy.(Gold- $1142) Bullish.
Dollar index drew support from 55 days EMA and recovered but at this point, there is no confirmation of rally resumption yet. Consolidation from 82.24 might still continue with another fall to 79.51 and below to correct the five wave rally from 74.19 to 82.24. Overal likely to be bullish (Dollar Index 81.18) Bullish.

Daily Forex Technicals |    Written by FXtechtrade
EUR/USD
Today's support: - 1.3365(main), where correction is possible. Break would give 1.3341, where correction also may be. Then follows 1.3326. Break of the latter would result in 1.3303. If a strong impulse, we would see 1.3276. Continuation will give 1.3240 and 1.3187.
Today's resistance: - 1.3461, 1.3507, 1.3538 and 1.3566(main). Break would give 1.3595, where a correction is possible. Then goes 1.3616. Break of the latter would result in 1.3637. If a strong impulse, we'd see 1.3686. Continuation will give 1.3703.
USD/JPY
Today's support: - 92.46, 92.14, 91.63 and 91.46(main). Break would bring 91.14, where correction is possible. Then 90.91, where a correction may also happen. Break of the latter will give 90.67. If a strong impulse, we would see 90.44. Continuation would give 90.25 and 90.11.
Today's resistance: - 93.39 and 93.60(main), where a correction may happen. Break would bring 93.96, where also a correction may be. Then 94.12. If a strong impulse, we would see 94.37. Continuation will give 94.72.
DOW JONES INDEX
Today's support: - 11058.46, 11036.23 and 10983.34(main), where a delay and correction may happen. Break of the latter will give 10945.30, where correction also can be. Then follows 10906.87. Be there a strong impulse, we shall see 10867.42. Continuation will bring 10843.16.
Today's resistance: - 11138.54 and 11166.35(main), where a delay and correction may happen. Break would bring 11173.30, where a correction may happen. Then follows 11208.63, where a delay and correction could also be. Be there a strong impulse, we'd see 11235.45. Continuation would bring 11255.63.

Oil Set for Slide to $77, Commerzbank Says: Technical Analysis
(Bloomberg) -- Crude oil may decline toward its 200-week moving average at around $77 a barrel after failing to hold above key resistance levels, according to technical analysis by Commerzbank AG.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aZ6Oh.kZgdkc

Dollar-Yen May Rise 5% on Fibonacci Bounce: Technical Analysis
(Bloomberg) -- The dollar may strengthen to its highest against the yen in almost eight months after bouncing off a Fibonacci retracement level that analysts say a break below would indicate an extension of a decline to a new low.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aVNr38pHmrWI

Naeimi Sees `Tactical Correction' Risk for Global Stocks: Video
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=azKcM_5RQFto

Bollinger Discusses Analysis of Global Stock Indexes: Video
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a09BZ8Dg3c04

Wednesday Look Ahead: Earnings Flood Could Keep Market Going Higher
Apple [AAPL  244.59    -2.48  (-1%)   ] could provide some juice for the market Wednesday, despite its typically conservative guidance for the current quarter.
http://www.cnbc.com/id/36679402

S&P to Top Pre-Lehman Levels This Year: Darda
Stocks inched higher on Tuesday after a solid batch of earnings reports. How much further will the market go before investors see a pullback? Jeffrey Saut, chief investment strategist at Raymond James, and Michael Darda, chief economist at MKM Partners, shared their insights.
http://www.cnbc.com/id/30607144

Take Profits on Goldman and Citi: Alan Lancz
Major financial stocks were mixed on Tuesday. Goldman Sachs reported strong earnings amid an investigation by U.S. and European financial regulators after being charged with fraud by the SEC. Is this the right time to buy the financials? Alan Lancz, president of Alan B. Lancz & Associates, shared his insights.
http://www.cnbc.com/id/36664462

7 deadly sins that lead to debt
Financial sinners won't have to wait for the afterlife to be punished for their various misdeeds. Plenty of consequences await in the here and now.
http://finance.yahoo.com/news/7-deadly-sins-that-lead-to-brn-2713662544.html?x=0&.v=1

When Wall Street Deals Resemble Casino Wagers
The government’s civil fraud case against Goldman Sachs raises so many provocative questions.
http://finance.yahoo.com/news/When-Wall-Street-Deals-nytimes-3108017628.html;_ylt=Anl8HDbQ3.vPu6Qf2NNa7Be7YWsA;_ylu=X3oDMTFmaHRjYzN1BHBvcwMzBHNlYwNleHBlcnRPcGluaW9uRHluYW1pYwRzbGsDd2hlbndhbGxzdHJl?x=0

China Exhibits ‘Danger Signals,’ Marc Faber Says (Update1)
April 21 (Bloomberg) -- China’s “excessive” credit expansion and surging real estate prices are “danger signals” that growth is peaking, investor Marc Faber said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=adBb6t7pdE4A