[alayoua]

[B]Daily Forex Market by fxcc 30Jan2012

MARKET OVERVIEW – JANUARY 30 2012
Be mindful of SNB moves on the Swiss franc this coming week
The euro traded at $1.3213 as of 8:40 a.m. in Tokyo from $1.3220 on Jan. 27 in New York. It strengthened 2.2 percent against the dollar last week. It reached a low of circa 13190.5 in early trading. The common currency was little changed at 101.130 yen, following a 0.1 percent drop on Jan. 27. The dollar fetched 76.74 yen from 76.70. EUR/CHF is now quoted around its session high of 1.2065, up from an earlier low of 1.2058 and up 0.05% so far on the day. GBP/USD has traded in a tight range of 1.5710-35 in Asia, last at circa 1.5720, down approx. 0.08% so far today.

AUD/USD is virtually unchanged in early Asia-Pacific trade, holding slightly below the multi-month high of 1.0685, the pair is last quoted at 1.0610 after opening below past Friday’s closing price of 1.0637.

UPCOMING EVENTS
2012-01-30 All day | European Monetary Union EU Economic Summit
2012-01-30 | Germany Consumer Price Index (YoY) (Jan) Preliminar
2012-01-30 | Germany Consumer Price Index (MoM) (Jan) Preliminar
2012-01-30 08:00 GMT | Spain - Gross Domestic Product (QoQ) (Q4)

FOREX NEWS
2012-01-27 05:54 GMT | EUR/JPY dips to 101.00
2012-01-27 05:32 GMT | EUR/USD below 1.3200 in Asia
2012-01-27 01:39 GMT | Aussie struggling to hold above 1.0600 in Asia-Pacific
2012-01-27 00:49 GMT | USD/JPY recovering from oversold levels

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EURUSD 1.31532 / 1.31539
High: 1.32241 | Low: 1.31487 | Chg: -0.0065 -0.49%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Oversold



Resistance Levels: 1.3388 | 1.33311 | 1.3268 | 1.3223
Support Levels: 1.3093 | 1.3050 | 1.2952 | 1.2877

Intraday Analysis: The EURUSD continued to rise from 1.3093 (S1) and reached a high this morning at 1.3223 (R1). Following that we can see now that the price is heading for a correction towards the second support level at 1.3050 (S2). A break below that level will be suggesting target at 1.2952(S3). On the other hand, If the price will have enough momentum we can expect a rise and retest towards 1.3223 (R1) and break above that level will be suggesting target at 1.3268 (R2).

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GBPUSD 1.56816 / 1.56828
High: 1.57309 | Low: 1.56781 | Chg: -0.0044 -0.28%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Oversold



Resistance Levels: 1.5894 | 1.5861 | 1.5775 | 1.5741
Support Levels: 1.5621 | 1.5552 | 1.5515 | 1.5449

Intraday Analysis: GBPUSD broke above 1.5621 (S1) level and formed a top at 1.5741 (R1). It now seems to be heading towards the first support level 1.5621 for a retest. A break below that level would suggest a target of 1.5552 (S2) and a further decline will then focus on the next target at 1.5515 (S3). On the upside, if the price rebounds from the first support level we can expect retesting of 1.5741 (R1), a technical and psychological level. A further rise will then bring focus to the next resistance level at 1.5775 (R2). Look for short positions with a stop loss above 1.5741 (R1) as we expect the pair to move downwards.

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USDJPY 76.686 / 76.691
High: 76.775 | Low: 76.652 | Chg: -0.015 -0.02%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral



Resistance Levels: 79.86 | 78.75 | 78.28 | 77.28
Support Levels: 76.53 | 76.06 | 75054 | 75.04

Intraday Analysis: USDJPY fell sharply and formed a strong support level close to 76.53 (S1) .A break below that level we suggest further decline towards 76.06 (S2). On the other hand if the price manages to stay above our first support level of 76.53(S1) then the expected target is at 77.28 (R1). Our recommendation for today is long positions with a stop loss below 76.53 (S1)- (-35 pips).

[alayoua]

[B]Daily Forex Market by fxcc 01Feb2012

MARKET OVERVIEW – FEBRUARY 01 2012
EUR/USD slips to five day lows due to a flight to safety

The euro traded at $1.3090 as of 8:00 a.m. in Tokyo from $1.3084 in New York yesterday where it slid by 0.5 percent. The seventeen nation shared common currency was little changed at 99.88 yen after touching 99.55 yesterday, the lowest price seen since Jan. 23. The dollar bought 76.31 yen from 76.27. USD/JPY dipped to as low as 76.15 on Tuesday, extending its decline to a fresh 3-month low. GBP/USD rallied to a zone at circa 1.5795 on Tuesday, reaching fresh 2-month highs from an earlier low of 1.5697. The pair ended the American session at 1.5754, 0.3% above its opening price. The amount of retail FX traders who are long Euro vs the Swissy has hit record highs according to the team at Daily FX, most expect that the Swiss National Bank will defend their stated Euro/Swiss Franc exchange rate at SFr 1.2000. Over 96% of retail traders are long.

NZD/USD opened Wednesday’s Asia-Pacific session with a bid appearance after peaking and closing at its highest price in four months. The pair climbed to the 0.8300 price zone overnight, up from a low of 0.8176. NZD/USD ended the American session at 0.8259, 0.85% up on the day. The Australian dollar surrendered most of its earlier gains versus the U.S. dollar on Tuesday, retreating sharply from the 1.0680 price zone. AUD/USD ended trade in New York at 1.0618, gaining 0.20% on the day.. The USD/CAD ended Tuesday with modest gains. The pair leapt from 3-month lows at 0.9962 to 1.0051.

UPCOMING EVENTS
2012-02-01 01:00 GMT | China NBS Manufacturing PMI (Jan)
2012-02-01 07:00 GMT | UK - Nationwide Housing Prices n.s.a (YoY) (Jan)
2012-02-01 08:53 GMT | Germany Purchasing Manager Index Manufacturing (Jan)
2012-02-01 09:00 GMT | EU - Purchasing Manager Index Manufacturing (Jan)

FOREX NEWS
2012-02-01 06:25 GMT | USD/JPY investors patiently await cues from BoJ
2012-02-01 01:09 GMT | Aussie underpinned after 50.5 China Manuf PMI
2012-02-01 01:01 GMT | China Jan NBS Manufacturing PMI up to 50.5
2012-02-01 00:03 GMT | Australia Dec HIA New Home Sales (MoM) -4.9%

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EURUSD 1.30373 / 1.30380
High: 1.30906 | Low: 1.30325 | Chg: -0.0044 -0.34%
SUMMARY: Up
INTRADAY TREND: Upward penetration
MA10: Bullish
MA20: Bearish
STOCHASTIC: Overbought



Resistance Levels: 1.3274 | 1.3233 | 1.3161 | 1.3090
Support Levels: 1.3050 | 1.2988 | 1.2931 | 1.2877

Intraday Analysis: EURUSD made a sharp move downwards and formed a bottom at 1.3050 (S1) a strong technical support level. It now seems that it is going to retest 1.3050 (S1). A break below that level will be suggesting target at 1.2988 (S2) as we are in a correction phase of our uptrend. On the other hand if the price manages to break above 1.3090 (R1) we will then expect the price to retest 1.3161 (R2) and then further rise will then approach towards 1.3233 (R3).

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GBPUSD 1.57329 / 1.57334
High: 1.57666 | Low: 1.57277 | Chg: -0.0027 -0.17%
SUMMARY: Down
INTRADAY TREND: Downtrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral



Resistance Levels: 1.6027 | 1.5945 | 1.5860 | 1.5726
Support Levels: 1.5626 | 1.5656 | 1.5552 | 1.5515

Intraday Analysis: GBPUSD has successfully broke above yesterday resistance 1.5726 and formed a top at 1.5796 (R1) and now it seems that it is heading towards 1.5656 (S2) for a correction. Fail to break below first support level then we will expect the price to retest 1.5796 (R1) and then further rise will limit to 1.5860 (S2). Our recommendations for today’s session is short positions targeting 1.5656 (S2) with a stop loss above 1.5796 (R1).

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USDJPY 76.225 / 76.230
High: 76.308 | Low: 76.145 | Chg: -0.037 -0.05%
SUMMARY: Neutral
INTRADAY TREND: Side way
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral



Resistance Levels: 78.28 | 77.84 | 77.28 | 76.63
Support Levels: 75.54 | 75.04 | 74.58 | 74.13

Intraday Analysis: USDJPY it is moving in trading range between the levels of 76.41 and 76.14. A break above upper level we be suggesting target at 77.28 (R2). On the other hand if the price breaks below lower level 76.14 then it will confirm our short position targeting 75.54 (S1) a technical and psychological level as it is a record low since 20 Oct. 2011.

[alayoua]

[B]Daily Forex Market by fxcc 02Feb2012

MARKET OVERVIEW – FEBRUARY 02 2012
Cable puts on over 600 pips inside two weeks
The dollar was at $1.3169 per euro as of 8:13 a.m. in Tokyo from $1.3161 in New York yesterday. It slid to $1.3234 on Jan. 27, the lowest since Dec. 13. The yen dipped 0.1 percent to 100.35 per euro after losing 0.5 percent yesterday. The Japanese currency was little changed at 76.19 per dollar and within only one yen of a record high set on Oct. 31 suggesting further BOJ intervention (by selling the yen) is only a matter of time. The GB pound traded above the 1.5800 mark, levels not seen since past November 2011. After bottoming at 1.5236 past Jan 13th, the pair has seen a steady winning strike adding over 600 pips during the past 2 weeks. The Swiss Franc bounced from the low of 0.9115 on Wednesday, the lowest level seen since December 2nd and the December 27 low. The pair began to rise at this level to gain 50 pips reaching prices above 0.9150, however, in early Asian trading the pair is now back printing quotes at 0.91340.

UPCOMING EVENTS
2012-02-02 00:30 GMT | Australia Trade Balance (Dec)
2012-02-02 07:00 GMT | Switzerland Trade Balance (Dec)
2012-02-02 10:00 GMT | EU - Producer Price Index (YoY) (Dec)
2012-02-02 10:00 GMT | EU - Producer Price Index (MoM) (Dec)

FOREX NEWS
2012-02-02 05:35 GMT | EUR/USD capped by 1.3200 in Asia
2012-02-02 05:14 GMT | EUR/JPY; bullish key reversal pattern confirmed
2012-02-02 00:33 GMT | Australia Dec Trade Balance 1.71B
2012-02-02 00:32 GMT | Australia Building Permits (MoM) -1% in Dec

EURUSD 1.31752 / 1.31758
DAILY WEEKLY MONTHLY
High: 1.31965 | Low: 1.31583 | Chg: 0.0015 0.11%



Resistance Levels :1.3372 | 1.3332 | 1.3267 | 1.3234
Support Levels : 1.3133 | 1.3075 | 1.3024 | 1.2962

SUMMARY up
TREND up trend
MA10 neutral
MA20 neutral
STOCHASTIC neutral

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MARKET ANALYSIS - Intraday Analysis
EURUSD made a high at 1.3218 just a few pips away from the year high and our first resistance 1.3234 (R1) as it continued its move upwards (since January 13th). Going above the nearest resistance level at 1.3234 (R1) would confirm continuation of the bullish trend, towards the next objective upwards 1.3267 (R1). And if the price holds its momentum on the upside we can expect a further rise towards 1.3332 (R3). On the other hand, if the price does not manage to break above 1.3234 (R1) then we can expect the pair to retest support at 1.3133 (S1) and a further fall will be limited to 1.3075 (S2).

GBPUSD 1.58478 / 1.58493
DAILY WEEKLY MONTHLY
High: 1.58573 | Low: 1.58256 | Chg: 0.0015 0.09%



Resistance Levels : 1.5984 | 1.5967 | 1.5924 | 1.5882
Support Levels : 1.5798 | 1.5704 | 1.5653 | 1.5551

SUMMARY up


TREND up trend
MA10 neutral
MA20 neutral
STOCHASTIC Overbought

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MARKET ANALYSIS - Intraday Analysis
GBPUSD raised sharply yesterday and continued in rise from 1.5704 (S2) forming a top at 15882 (R1). If GBPUSD break above that level, we can expect target at 1.5924 (R2). Further rise will then focus on 1.5967 (R3). On the downside, decline below current support level 1.5798 (S1) will confirm our short positions towards 1.5704 (S2). Deeper fall will be probably be limited at 1.5653 (S3) support.

USDJPY 76.123 / 76.127
DAILY WEEKLY MONTHLY
High: 76.212 | Low: 76.107 | Chg: -0.087 -0.11%



Resistance Levels : 78.67 | 78.13 | 76.79 | 76.42
Support Levels : 76.01 | 75.53 | 75.03 | 74.51

SUMMARY Down
TREND sideway
MA10 bearish
MA20 Bearish
STOCHASTIC overbought

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MARKET ANALYSIS - Intraday Analysis
The USDJPY still trapped in range area of 76.42 – 76.01. A break in either direction will determine the trading bias in today’s session. Break below 76.01 will confirm our short positions targeting 75.53 (S2) and further fall will be limited at 75.03 (S3). On the other hand, a break above the first resistance level 76.42 (R1) will expect t the price to retest 76.79 (R2). In a longer time frame the pair is in a downtrend and both of our Moving Averages are bearish therefore wait for a break below 76.01 (S1) and then open a short position targeting second support level. A stop loss should be placed above 76.79 (R2).

[alayoua]

[B]Daily Forex Market by fxcc 06Feb2012

The euro weakened versus 13 of its 16 major counterparts

USD/JPY opened the Asian trading session on Monday morning with an upside-gap price of 76.59, up from 76.54 Friday down from the recent (4-day high) of 76.13 printed last week. The euro fell 0.2 percent to $1.3129 as of 8:15 a.m. in Tokyo from the close in New York on Feb. 3. It lost 0.3 percent to 100.50 yen. GBP/USD has traded a limited 1.5785/1.5823 range at the start of trading this Monday, last at 1.5800.

AUD/USD has been slowly declining since Tokyo opened at 00:00 GMT. Data for both retail sales and jobs ads were disappointing in Aus., retail sales fell -0.1% expected to come in positive +0.2%, newspaper job ads fell -2.6% internet job ads rose +6.4. USD/CAD. After falling around 100 pips from its intra-day high at 1.0040, the Dollar has found support versus the Canadian at the lowest level seen since October 31 at 0.9930.
Read More

UPCOMING EVENTS
2012-02-06 00:31 GMT | Australia Retail Sales s.a. (MoM) (Dec)
2012-02-06 08:00 GMT | United Kingdom Halifax House Prices (3m/YoY) (Jan)
2012-02-06 09:30 GMT | EU - Sentix Investor Confidence (Feb)
2012-02-06 11:00 GMT | Germany Factory Orders s.a. (MoM) (Dec)

FOREX NEWS
2012-02-06 05:43 GMT | GBP/USD pressured in risk-off Asia
2012-02-06 03:38 GMT | AUD/USD trades down to 1.0700
2012-02-06 00:32 GMT | Australia ANZ Job Advertisements 6% in Jan
2012-02-06 00:31 GMT | Australia Dec Retail Sales s.a. (MoM) -0.1%

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EURUSD 1.30599 / 1.30605
DAILY WEEKLY MONTHLY
High: 1.31307 | Low: 1.30545 | Chg: -0.0097 -0.74%



1.3274 | 1.3241 | 1.3205 | 1.3167
1.3026 | 1.2986 | 1.2947 | 1.2909

SUMMARY : Down
TREND : down trend
MA10 : bearish
MA20 : Bearish
STOCHASTIC : overbought


MARKET ANALYSIS - Intraday Analysis

The EURUSD continued to rise from 1.3026 (S1) and reached a high yesterday at 1.3205 (R2). It seems the pair is moving downwards and it will retest the first support 1.3026 (S1) soon. A break below that level would suggest a target of 1.2986 (S2) and a further decline will then focus on the next target at 1.2947 (S3). On the upside, if the price rebounds from the first support level 1.3026 (S1) we can expect retesting of 1.3167 (R1). A further rise will then bring focus to the next resistance level at 1.3205 (R2).

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GBPUSD 1.57723 / 1.57738
DAILY WEEKLY MONTHLY
High: 1.58217 | Low: 1.5765 | Chg: -0.0044 -0.28%



1.5913 | 1.5882 | 1.5860 | 1.5831
1.5749 | 1.5704 | 1.5653 | 1.5615

SUMMARY : Down
TREND : down trend
MA10 : bearish
MA20 : Bearish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

The GBPUSD is under bearish pressure as it is approaching towards a crucial support level 1.5749 (S1). The pair reached a high at 1.5882 (R3) and then fell back towards 1.5749 (S1). Further fall will test 1.5704 (S2) and decline below this level, suggesting target at 1.5653 (S3). On the other hand, if price manages to stay above 1.5749 (S1) then we expect the price to retest 1.5831 (R1) and then further rise to 1.5860 (R2). We look for short positions in today’s session with a stop loss above 1.5831 (R1).

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USDJPY 76.705 / 76.708
DAILY WEEKLY MONTHLY
High: 76.802 | Low: 76.494 | Chg: 0.118 0.15%



77.97 | 77.58 | 77.29 | 76.89
76.01 | 75.54 | 75.05 | 74.69

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : overbought


MARKET ANALYSIS - Intraday Analysis

USDJPY rise sharply on Friday (70 pips) and made a top at 76.74. If it breaks above first resistance level 76.89 (R1) we can expect the price to approaches towards 77.29 (R1). Be on the alert for a correction downwards towards 76.49 and then a continuation to an upward move. Both of our Moving Averages are pointing to a bullish signal. We believe that the bullish pressure will continue.

[alayoua]

[B]Daily Forex Market by fxcc 08Feb2012

The euro was 0.1 percent from an eight-week high..

The euro traded at $1.3252 as of 8:30 a.m. in Tokyo from $1.3261 in New York yesterday, when it climbed to as high as $1.3270, the most since Dec. 12. The shared currency was little changed at 101.80 yen after advancing 1.3 percent to 101.79 yen yesterday. The yen was at 76.80 per dollar from 76.76. GBP/USD ranged below 1.5900, the British pound hit a fresh 3-month high versus the greenback, peaking at 1.5903 from an earlier low of 1.5786 before experiencing a slight pullback to end the American session at 1.5894, up circa 0.47% on the day. EUR/CHF rose more than 40 pips throughout Tuesday and hit its highest rate since Jan 25 at 1.2100 before retreating. Interim head of the SNB, Thomas Jordan, confirmed Tuesday that the SNB is determined to maintain the minimum exchange rate at circa 1.20.
Read More

UPCOMING EVENTS
2012-02-08 05:01 GMT Japan Eco Watchers Survey: Current (Jan)
2012-02-08 05:01 GMT Japan Eco Watchers Survey: Outlook (Jan)
2012-02-08 06:45 GMT Switzerland Unemployment Rate n.s.a (MoM) (Jan)
2012-02-08 07:00 GMT GermanyTrade Balance s.a. (Dec)

FOREX NEWS
2012-02-08 06:32 GMT EUR/USD breaks higher ahead of London
2012-02-08 05:10 GMT Japan Jan Eco Watchers Survey: Outlook 47.1
2012-02-08 00:01 GMT United Kingdom Jan BRC Shop Price Index (MoM) 1.4%
2012-02-08 00:00 GMT Japan Trade Balance - BOP Basis ¥-145.8B in Dec

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EURUSD 1.32725 / 1.32729
DAILY WEEKLY MONTHLY
High: 1.32866 | Low: 1.32414 | Chg: 0.0013 0.09%



1.3398 | 1.3371 | 1.3340 | 1.3313
1.3205 | 1.3096 | 1.3026 1.2979

SUMMARY : up
TREND : up trend
MA10 : bullish
MA20 : bullish
STOCHASTIC : overbought


MARKET ANALYSIS - Intraday Analysis

EURUSD has successfully broken above yesterday's resistance of 1.3141 and took out our 2 targets that were set below 1.3205. The price broke above that level and this is a valid breakout of the trading range (H4). Traders that held their positions as per yesterday’s analysis, saw gains of +150. The price now seems to be heading towards 1.3313 (R1). If the pair fails to reach that level we can expect the price to retest 1.3241 and then to continue its upward move as we are in a clear uptrend in the intraday timeframe since the beginning of February. Look for long positions as the momentum is upwards.

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GBPUSD 1.59098 / 1.59106
DAILY WEEKLY MONTHLY
High: 1.59179 | Low: 1.58859 | Chg: 0.0017 0.11%



1.6137 | 1.6014 | 1.5987 | 1.5940
1.5860 | 1.5831 | 1.5788 | 1.5729

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : overbought


MARKET ANALYSIS - Intraday Analysis

GBPUSD saw a sharp rise yesterday and broke above 1.5882, the second target in yesterday’s analysis (+80) and continued to rise from 1.5788 (S3) forming a top at 1.5900 . If the GBPUSD holds above that level we can expect a target at 1.5940 (R1). A further rise will then focus on 1.5987 (R3). On the other hand, if the price does not manage to hold above 1.5884 we can expect the price to move downwards and retest the first support level at 1.5860 (S1) a technical and psychological level for the bulls. We believe the upward momentum will continue.

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USDJPY 77.082 / 77.087
DAILY WEEKLY MONTHLY
High: 77.155 | Low: 76.739 | Chg: 0.325 0.42%



78.32 | 77.92 | 77.68 | 77.15
76.49 | 76.25 | 76.01 | 75.54

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY gained momentum yesterday and made a top at 77.15 (S1) penetrating all of our resistance levels. A break above 77.15 (R1), our first resistance level, will give us a proper confirmation for long positions targeting 77.92 (R3). On the downside, if the price rebounds from the current resistance level we can expect retesting at 76.49 (S1). A further fall will then bring focus to the next support level at 76.25 (S2) and 76.01 (S3) a technical and psychological level.

[alayoua]

[B]Daily Forex Market by fxcc 09Feb2012

Australia’s dollar reached C$1.0784 on Wednesday, its highest level versus the loonie since May 1997.

The euro fell 0.1 percent to $1.3245 as of 8:30 a.m. in Tokyo from the close in New York yesterday. The European currency declined 0.1 percent to 102.03 yen. The dollar was unchanged at 77.04 yen. The pound was little changed at $1.5811 after losing 0.5 percent yesterday. USD/CHF has been consolidating since a sell off around the 0.9100 area on Tuesday, trading a limited range between 0.9104 and 0.9148 overnight and then through Wednesday before ending the trading session in New York virtually unchanged, at 0.9120.
Read More

UPCOMING EVENTS
2012-02-09 01:30 GMT China Consumer Price Index (YoY) (Jan)
2012-02-09 12:00 GMT United Kingdom BoE Interest Rate Decision (Feb 9)
2012-02-09 12:00 GMT United Kingdom BoE Asset Purchase Facility (Feb)
2012-02-09 12:45 GMT EU - ECB Interest Rate Decision (Feb 9)

FOREX NEWS
2012-02-09 05:02 GMT | Japan: Consumer Confidence Index (Jan): 40
2012-02-09 01:04 GMT | China PPI (YoY) improves to 2.7% in Jan from 1.7%
2012-02-09 01:04 GMT | China Jan Consumer Price Index (YoY) rises to 4.2%
2012-02-09 00:34 GMT | AUD/JPY gently offered; off 4-month highs

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EURUSD 1.32997 / 1.33004
DAILY WEEKLY MONTHLY
High: 1.33124 | Low: 1.32149 | Chg: 0.0039 0.29%



Resistance Levels: 1.3431 | 1.3398 | 1.3375 | 1.3340
Support Levels : 1.3205 | 1.3162 | 1.3096 | 1.3026

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

EURUSD managed to stay above 1.3242 after the breakout and now it seems that is moving upwards with a strong bullish momentum. The next upward target is set at 1.3340 (R1) and will then focus on 1.3375 (R2). Look for long positions in today’s trading session as we expect the EURUSD to continue its uptrend move.

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GBPUSD 1.58376 / 1.58388
DAILY WEEKLY MONTHLY
High: 1.58476 | Low: 1.57926 | Chg: 0.0022 0.14%



Resistance Levels: 1.5989 | 1.5964 | 1.5929 | 1.5869
Support Levels : 1.5788 | 1.5729 | 1.5704 | 1.5655

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD found a strong support at 1.5788 (S1) level and now the pair seems to be heading towards level 1.5869 (R1) for a retest. A break above that level would suggest a target of 1.5929 (R2) record high since October 2011 and a further rise will then focus on the next target at 1.5964 (R3) a technical and psychological level. Look for long positions as both of our Moving Averages turned bullish.

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USDJPY 77.196 / 77.198
DAILY WEEKLY MONTHLY
High: 77.233 | Low: 77.004 | Chg: 0.166 0.22%



Resistance Levels : 78.71 | 78.39 | 77.93 | 77.56
Support Levels : 76.83 | 76.49 | 76.25 | 76.01

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : overbought


MARKET ANALYSIS - Intraday Analysis

USDJPY gained momentum and formed higher bottoms and now is moving towards 77.56 (R1) a technical and psychological resistance level for the bullish. A break above that level, can expect the price to retest 77.93 (R2). On the downside, decline below 76.83 will confirm our short positions towards 76.25 (S3) and then 76.01 (S4).

[alayoua]

[B]Daily Forex Market by fxcc 10Feb2012

The 17-nation euro heads for its biggest 5 day advance versus the yen in over 17 weeks.

The euro was at $1.3276 as of 9:40 a.m. in Tokyo from $1.3286 in New York yesterday, when it reached $1.3322, the highest level since Dec. 12. It fetched 103.14 yen from 103.19. It climbed to as high as 103.29 yen yesterday, the strongest level since Dec. 12. Japan’s currency was little changed at 77.70 per dollar after earlier sliding to as low as 77.75, the weakest level since Jan. 26. The so-called Aussie lost 0.3 percent to $1.0754 and retreated 0.2 percent to 83.57 yen. The euro is set to rise 0.9 percent against the dollar this week. The shared currency is poised for a 2.4 percent gain versus the yen, the biggest since the week through Oct. 14. The GBP/USD upwards movement from 1.5790 was capped at 1.5882 with the pair falling around 65 pips to arrest at a support level at 1.5815.

UPCOMING EVENTS
2012-02-10 07:00 GMT | Germany Consumer Price Index (YoY) (Jan)
2012-02-10 08:15 GMT | Switzerland Consumer Price Index (MoM) (Jan)
2012-02-10 08:15 GMT | Switzerland Consumer Price Index (YoY) (Jan)
2012-02-10 09:30 GMT | UK - Producer Price Index - Input (YoY) n.s.a (Jan)

FOREX NEWS
2012-02-10 05:36 GMT | GBP/USD under pressure ahead of Europe
2012-02-10 04:16 GMT | Aussie weaker vs. majors
2012-02-10 03:05 GMT | China Jan Trade Balance increase to 27.3B
2012-02-10 00:19 GMT | EUR/CAD hits resistance ahead of 1.3250

EURUSD 1.32455 / 1.32458
DAILY WEEKLY MONTHLY
High: 1.32907 | Low: 1.3245 | Chg: -0.0038 -0.28%



Resistance Levels :1.3432 | 1.3395 | 1.3367 | 1.3322
Support Levels : 1.3215 | 1.3167 | 1.3096 | 1.3055

SUMMARY : up
TREND : up trend
MA10 : bearish
MA20 : Bearish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

The EURUSD continued to rise from 1.3215 (S1) and reached a high yesterday at 1.3322 (R1). It seems the pair will re-test a high soon. If the price will have enough momentum we can expect a rise towards 1.3322 (R1) and then a focus on 1.3367 (R2), a strong technical and psychological level. Our recommendation for today’s trading session is no position as we do not have a clear trend direction.

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GBPUSD 1.57729 / 1.57734
DAILY WEEKLY MONTHLY
High: 1.5819 | Low: 1.57669 | Chg: -0.0041 -0.26%



Resistance Levels :1.6023 | 1.5977 | 1.5929 | 1.5885
Support Levels : 1.5723 | 1.5677 | 1.5612 | 1.5578

SUMMARY : neutral
TREND : sideway
MA10 : bearish
MA20 : Bearish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD fell yesterday and was supported close to 1.5723 (S1). It seems it will be retesting that level again. A break below that level will trap the pair in a trading range. We remain flat for today’s trading session until we see a break-out upwards or downwards. No position.

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USDJPY 77.661 / 77.666
DAILY WEEKLY MONTHLY
High: 77.75 | Low: 77.519 | Chg: 0.019 0.02%



Resistance Levels : 79.26 | 78.89 | 78.28 | 77.76
Support Levels : 77.19 | 76.83 | 76.22 | 75.78

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY rose yesterday and formed a top at 77.76 (R1). A break above that level will then focus attention on 78.28 (R2) a technical level for a trend reversal. If we switch our timeframe to H4 we can see the price is approaching the record high for the year of 77.28 and a break above that level, brings the possibility for a break out and trend reversal for an uptrend. We remain at no positions at the moment until we see a break out upwards or if the above scenario fails then obviously we are still trapped in a trading range. No position.

[alayoua]

[B]Daily Forex Market by fxcc 13Feb2012

EUR/USD spikes as Greek Parliament began counting 'austerity deal' votes
The euro rose 0.3 percent to $1.3239 as of 8:00 a.m. in Tokyo from last week's close in New York. The shared common currency gained 0.4 percent to 102.81 yen. The dollar fetched 77.66 yen from 77.61. USD/JPY opened the Asian session with a downside gap open of 77.54 on Monday, but then climbed to an early high of 77.66, recovering the early gap and Friday’s modest losses. EURUSD spiked over 40/45 pips as retail platforms opened, short covering squeeze then intensified. EUR/USD had opened the Asian session just above 1.3200, up from 1.3171 late Friday, the paring is edging higher into the 1.3230 area, resistance at 1.3258 (Nov low), support at 1.3197 (Dec high).
Read More

2012-02-13 00:30 GMT | Australia Home Loans (Dec)
2012-02-13 07:00 GMT | Germany Wholesale Price Index (MoM) (Jan)
2012-02-13 07:00 GMT | Germany Wholesale Price Index (YoY) (Jan)
2012-02-13 08:15 GMT | Switzerland Producer and Import Prices (MoM) (Jan)


2012-02-13 05:59 GMT | USD/JPY rangebound around 77.60 ahead of Europe
2012-02-13 03:54 GMT | GBP/USD still bid amid CBI outlook
2012-02-13 01:07 GMT | EUR/USD retreats after run to 1.3260
2012-02-13 00:30 GMT | Australia Home Loans 2.3% in Dec

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EURUSD : 1.32728 / 1.32731
DAILY WEEKLY MONTHLY
High: 1.3276 | Low: 1.31987 | Chg: 0.0077 0.58%



1.3394 | 1.3367 | 1.3322 | 1.3285
1.3206 | 1.3153 | 1.3096 | 1.3026

SUMMARY : up
TREND up : trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : overbought


MARKET ANALYSIS - Intraday Analysis

The EURUSD fell and formed a bottom at 1.3153 (S2) after which the price rebounded and was able to break above Friday’s support at 1.3206 and it seems it will soon re-test a high at 1.3322. A break above the first resistance level of 1.3285 (R1) would suggest a target of 1.3322 (R2). If the price holds its momentum on the upside we can expect a further rise towards 1.3367 (R3). On the other hand, if the price does not manage to break above 1.3222 (R2) we can expect the pair to retest support at 1.3153 (S2) and a further fall will be limited to 1.3096 (S3).

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GBPUSD : 1.58145 / 1.58157
DAILY WEEKLY MONTHLY
High: 1.58168 | Low: 1.57581 | Chg: 0.0062 0.39%



1.5961 | 1.5929 | 1.5885 | 1.5848
1.5757 | 1.5729 | 1.5700 | 1.5665

SUMMARY : Down
TREND down : trend
MA10 : Bullish
MA20 : bullish
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

GBPUSD is forming lower tops, as it fell for 3 consecutive days after forming a high at 1.5929 (R3), and formed a strong support level at 1.5729 (S2). Following that we saw a correction towards 1.5799 and it seems the pair will re-test our support levels soon. A break below 1.5757 (S1) would suggest a target of 1.5729 (S2) and a further fall will then focus on the next target at 1.5700 (S3) a technical and psychological level. On the upside, if the price rebounds from the first support level we can expect retesting at 1.5848 (S2). A further rise will then bring focus to the next resistance level at 1.5885 (R2).

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USDJPY : 77.688 / 77.691
DAILY WEEKLY MONTHLY
High: 77.779 | Low: 77.532 | Chg: 0.066 0.09%



78.98 | 78.67 | 78.28 | 77.80
77.25 | 76.83 | 76.49 | 76.25

SUMMARY : up
TREND : up trend
MA10 : Bullish
MA20 : neutral
STOCHASTIC : neutral


MARKET ANALYSIS - Intraday Analysis

USDJPY gained momentum and formed higher bottoms and is now moving towards 77.80 (R1) a technical and psychological resistance level for the bulls. If the pair breaks above that level, can expect the price to retest 78.28 (R2). Be on the alert for a correction downwards towards 77.25 (S1) and then a continuation to an upward move. We believe that the bullish pressure will continue. Look for long positions in today's trading session.