Thursday, March 10, 2011

Update Daily Investment News 10-03

Stocks retreat on bull-market anniversary

Investor lessons as bull market turns two

The 2008 crash isn’t over, only covered up

How to make money in the bull market’s third year

Thursday Look Ahead: Stocks Watch Oil, Economy to Snap Band of Indecision

Has the Commodities Boom Come to an End?

Doug Kass: Market To Frustrate and Unnerve Long-Term Buyers

Commodities Tomorrow

Taiwan Stocks in Multi-Year Bull Market, to Double in 2 Years: Strategist

Happy Days Are Here Again in Europe

Oil Spike Due to 'Market Pricing in Risk': Exxon CEO

Written by India Forex |  Forex Technical Update
EUR/USD: Euro was more focused on the ongoing Eurozone debt problems. Eurozone government bonds were stable except for Greece, which rose 6bp fresh record high yield. Meanwhile the pair can move volatile today due to many data piled up. Immediate resistance is at 1.3923 levels (H4 21 EMA) followed by psychological resistance is at 1.40 while Immediate support is seen at 1.38700 levels and 1.3848 levels.  Short term: Slight bullish and Medium term: bullish.
GBP/USD: Pound was quite strong trading near 1.6190 levels on improving economic data and was more focused on today's Official Bank Rate which is to be remain near 0.50%. Daily stochastic is showing slight upside direction. Immediate strong support is comes at 1.6185 and if breached then it would dive towards 1.6115 levels and resistance is seen near 1.6205 levels (4hrly Middle Bollinger). Short Term: Slight Bullish and Medium term: bullish
USD/JPY: The pair rose for consecutive second session to hover near Y83 levels with Final GDP q/q coming stable at -0.3% as expected. Daily Stochastic is showing upside movement. Immediate resistance is at 82.83 levels (200 daily EMA) which if broken can spike the pair towards Y84 levels while immediate strong support is at 82.56 levels (Daily 21 Middle Bollinger and 55 EMA). Yen Exporters are suggested to book March month's exposure partially near 82.15 levels and further on dips while Yen Importers can cover their exposure towards 83.25 levels and above. Medium Term: Maintain Bearishness
AUD/USD: The pair is trading at 1.0065 after making a high at 1.0132 levels post NZ rate cut. Kiwi dived initially after RBNZ cut rate by 50bps to 2.50%, deeper than market expectation of 25bps cut in order to lessen the economic impact of the earthquake. Meanwhile AUD Unemployment Rate came stable at 5.0% as expected. Immediate support is seen near 1.0045 levels (55 daily EMA) while Immediate resistance is seen near 1.0100 levels (Daily 21 Middle Bollinger). Exporters are suggested to book March month exposure partially near 1.0200 levels, while Importers can cover their exposure below parity levels. Medium term: Bullish.
Gold: Gold is still trading well inside rising channel with focus on unrest in Arab World and renewed concern about euro zone debt, all supporting the metal's safe haven appeal. However, break of support of 1422.22 (4 hours 55 EMA) will suggest pull back towards 1410 levels. Meanwhile resistance comes at 1436.85 and 1445 levels. is no clear sign of reversal yet. Medium term: Bullish.
Dollar Index: Dollar index is facing strong resistance from 4 hours 55 EMA at 76.87levels and further rise from this levels will give another strong resistance at 77.24 levels (21 days Daily EMA) to limit. Sustained break of 76.13 (Low of 07.03.2011) will send dollar index through 75.63 levels. Short Term: Bearish and Medium Term: Neutral.

Written by Admiral Markets The Daily Wave Analysis
Currency pair EUR/USD

Presumably, the impulse an of (ii) is formed. At the same time it is not excluded, that the wave an of (ii) is already generated in the form of the Zigzag. Depth and duration of formed correction can prompt what model of the wave (ii) of [ii] as a result the price will prefer

Currency pair GBP/USD.
Probably, the wave b of (y) is generated. If the assumption is true, it is possible to expect falling of the price as the impulse or the Diagonal Triangle with of (y). At the same time, there is the probability, that by the present moment the part of the wave b of (y) is generated only, and its formation still can proceed

Currency pair USD/JPY.
Presumably, the wave (y) the double (threefold) Zigzag [z] of 4 is formed. Probably, by the given moment the wave b of (y) was generated. If the assumption is true, it is possible to expect continuation of growth of pair as the impulse or the Diagonal Triangle with of (y) of [z].

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