Update Daily Investment News

Daily Forex Technicals |    Written by India Forex |    Apr 23 10 07:46 GMT |
The EURUSD is currently trading at 1.3230 levels and has touched the low of 1.3199 levels yesterday. Near term importers cover near 1.3000 –1.3100 levels. Please note that the Monthly charts are signaling that Euro is highly oversold. Bearish below 1.3650 levels. (EURUSD - 1.3230).
GBPUSD is currently trading at 1.5356 levels. Near term imports are already covered for clients (refer last 18 days update) around 67- 68 levels. Immediate support comes between 1.5300 1.5330 levels. If it breaks this support zone then we could see further downside till 1.5150 levels. Please note that the Monthly charts are signalling that GBP is highly oversold. Bearish below 1.5600 levels. (GBPUSD 1.5356).
USDJPY is currently trading 93.37 levels. Yen is taking strong resistance near 93.80 & 94.50, 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 at least. (USDJPY- 93.37). 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 0.9206 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 - 0.9206). Bullish.
Gold is currently trading at $1138 levels and it took support from 55 days moving average at $1126 levels . We feel the bias is clearly on the upside. Buy on dips remains is the strategy. (Gold- $1138) Bullish.
Dollar index has once again lifted by Euro's weakness and climbs to 81.98 so far today. Intraday bias remains on the upside and further rebound could be seen near 82 levels resistance zone. Nevertheless, sustained break of 82.24 is needed to confirm medium term rally resumption. Otherwise, another fall could still be seen to continue to consolidation to the five wave medium term rise from 74.19. Below 81.03 minor support will flip intraday bias back to the downside. ShortTerm bias remains Bullish. (Dollar Index) 81.91) Bullish

S&P 500 Drop May ‘Hammer’ Emerging Markets: Technical Analysis
(Bloomberg) -- The Standard & Poor’s 500 Index may slump about 5 percent in an “overdue” decline that could hit emerging-market stock benchmarks even harder, according to technical analysis by Chart Partners Group Ltd.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a7rMHE9tn.QA

Three Bulls Per Bear on Stocks Is Red Flag: Technical Analysis
(Bloomberg) -- Bullish investment newsletter writers outnumber bears three to one, a ratio that warrants caution on U.S. stocks even as better-than-estimated earnings drive gains, according to Edward Yardeni, president of Yardeni Research Inc.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_7gXAFlobRo

Euro Weakness Versus Pound Set to Deepen: Technical Analysis
(Bloomberg) -- The euro’s weakness will likely persist against the pound, according to at least two technical indicators, fueled by concern that Greece may default and an improving U.K. economic picture.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKlqnCkvAClU

U.S. 30-Year Yield Near Key Level, May Fall: Technical Analysis
(Bloomberg) -- The Treasury 30-year bond yield may fall to a three-month low of 4.48 percent after declining below a key resistance level on concern Greece’s government will cut or delay payments to bond investors, according to UBS AG.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aijQTNBWzIMA

Pound to Rise as Charts Show ‘Acceleration’: Technical Analysis
(Bloomberg) -- The pound may strengthen to a two- month high against the dollar after the U.K. currency remained above its 20-day moving average, Ueda Harlow Ltd. said, citing trading patterns.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aejag2dN_f04

Euro ‘Vulnerable’ on U.K.-German Spread: Technical Analysis
(Bloomberg) -- The euro may fall to its lowest level in more than a year versus the pound on the biggest yield advantage of U.K. government debt over German securities in more than 17 months, according to Citigroup Inc.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aaGs62upd4xU

Challenges to Goldman are Still Kept to a Whisper
Deep inside some law firms and consultancy groups in London and New York, some highly sensitive private conversations are under way. The issue at stake is Goldman Sachs. More accurately, whether it makes commercial sense for lawyers and consultants to offer their services to Goldman in the months ahead.
http://www.cnbc.com/id/36730400

Friday Look Ahead: Microsoft, Amazon Results May Hurt Tech
Twin disappointments from Amazon.com and Microsoft could put a dent in tech Friday. Microsoft shares [MSFT  31.39    0.058  (+0.19%)   ] fell, even as profits rose 35 percent to $4.01 billion or $0.45 per share for its fiscal third quarter, well above the $0.42 per share estimate. Yet, it failed to hit the loftiest forecasts. (Click for after-hours quote.)
http://www.cnbc.com/id/36722861

Put 70-80% of Your Money Into Equities: Strategist
The next place for global investors is in U.S. equities, said Vasu Menon, vice president of wealth management Singapore at OCBC Bank. He shared his market outlook.
http://www.cnbc.com/id/36711576

5 Reasons To Buy Goldman, Right Now!
When it comes to playing Goldman [GS  159.05    0.12  (+0.08%)   ], widely followed strategist Hilary Kramer says fortune favors the bold.
http://www.cnbc.com/id/36715171

Governments Will 'Bankrupt Us': Marc Faber
Current economic policies are not sustainable and the world faces doom because "the governments are taking over", said Marc Faber, editor & publisher of The Gloom, Boom & Doom Report.
http://www.cnbc.com/id/36704832

This Is a V-Shaped Recovery: Jim O'Neill
The world economy is clearly in a V-shaped recovery and those talking up a double dip recession are way off the mark, Jim O'Neill, the head of global economic research at Goldman Sachs, told CNBC.com.
http://www.cnbc.com/id/36705365

Schork Oil Outlook: Can You Really Trust History?
Yesterday (Wednesday), the DOE reported a 1.89 MMbbl build in crude oil stocks, blowing away analyst expectations of a 0.75 MMbbl draw. Nymex crude prices dipped after the release but, surprisingly, recovered in the afternoon to end the day close to the open.
http://www.cnbc.com/id/36712784

More Wall Street Fraud Cases Likely: Chanos
Seasoned hedge fund manager James Chanos told CNBC Thursday he expects to see more actions like those of the securities-fraud charges against Goldman Sachs.
http://www.cnbc.com/id/36715927

HSBC Shifts Funds From Emerging Markets as Rates Rise (Update1)
(Bloomberg) -- HSBC Private Bank is shifting funds to shares in developed nations and cutting holdings of bonds and stocks in emerging markets, predicting asset prices will drop as much as 10 percent as developing nations raise interest rates.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aLAiu8W6ruaI

Asian Currencies Drop This Week, Led by Rupee, on Greece Woes
(Bloomberg) -- India’s rupee and Malaysia’s ringgit led Asian currencies lower this week as lingering concern about Greece’s ability to tackle its deficit crisis curbed demand for emerging-market assets. 
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ayR5wdgqjOgo

IMF Raises 2010 Growth Outlook, Says Government Debt Poses Risk
(Bloomberg) -- The International Monetary Fund raised its forecast for global growth this year led by China and cautioned that a failure of nations to contain soaring public debt might have “severe” consequences for the world economy.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aLfEpCv5KkkU

China Stocks to Rally on Tightening End, Goldman Says (Update1)
(Bloomberg) -- China’s stocks may rally 25 percent by the end of the year on higher earnings and the prospect a stronger yuan will allow for an earlier end to the tightening cycle, according to Goldman Sachs Group Inc.’s Timothy Moe.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=asUpi0U9d2w0

Thai Stocks May Slump After Attacks, Asset Plus Says (Update1)
(Bloomberg) -- Thai stocks may slump as much as 4.1 percent after grenade attacks killed three people in Bangkok, increasing concern that the political conflict will intensify, the nation’s top-performing fund manager said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aoyKFteMcGcw

IHSG in wave 5 already?

IHSG menunjukkan buying power yg kuat,breakout flag target 2945, kemungkinan ini telah mengakhiri koreksi abc dalam 4 untuk proses 5/5) (sesuai dengan E.W DJIA di 4/5, setelah breakout resist line 2916, untuk target 2965/2992. Trend berbalik bearish jika indeks ditutup dibawah 2916. dapat picu aksi profit taking dan dapat memicu 4/5 belum berakhir. Resist di 2942/2965. Support berada di 2900/2916. 21.04. Closed buy IHSG 2.907. Bbtn, Bmri, Bsde, Bksl, Asii, Indy, Klbf, Bhit, Aali, Medc, Antm, Gpra, Dgik , Trub, Bbkp, Jprs. profit +50 point. Hold buy break 2917 target 2965/2992 stop 20p, sell break 2890 done -20p. Sell break 2900 tgt 2855. Trading Buy 16 stocks, Risk 3.5%, Reward >10%. Disclaimer on. Track Record IHSG: 13 Recommendations: (+20p+45p+73p+53+60p+45p+63p+0p+27p+50p-20p). P = Point.

IHSG in wave 5 already?

IHSG kemungkinan ini telah mengakhiri koreksi abc dalam 4 untuk proses 5/5) (sesuai dengan E.W DJIA di 4/5, setelah breakout resist line 2863, untuk target 2916/2945. Trend berbalik bearish jika indeks ditutup dibawah 2830. Jika kembali gagal tembus double top 2916, dapat picu aksi profit taking dan dapat memicu perkiraan koreksi abc dalam 4/5 belum berakhir. Resist di 2916/2923/2940. Support berada di 2891/2876. 21.04. Closed buy IHSG 2.907. Profit +50 point. , buy break 2917 target 2965/2992 stop 20p, sell break 2890 & 2.875 target 2.800 stop 20p. Trading Buy 10 stocks, Risk 3.5%, Reward >10%. Disclaimer on. Track Record IHSG: 12 Recommendations: (+20p+45p+73p+53+60p+45p+63p+0p+27p+50p). P = Point.

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

IHSG in wave 5 already?

21.04. Closed buy IHSG 2.907. Profit +50 point. IHSG kemungkinan ini telah mengakhiri koreksi abc dalam 4 untuk proses 5/5) (sesuai dengan E.W DJIA di 4/5, setelah breakout resist line 2863, untuk target 2916/2945. Trend berbalik bearish jika indeks ditutup dibawah 2830. Closed Hold buy breakout 2.857 target 2.913, buy break 2917 target 2965/2992 stop 20p, sell break 2.873 target 2.800 stop 20p. Trading Buy 11 stocks, Risk 3.5%, Reward >10%. Disclaimer on. Track Record IHSG: 12 Recommendations: (+20p+45p+73p+53+60p+45p+63p+0p+27p+50p). P = Point.