EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
China's Currency Trick خدعة عُملة اليوان
China's priority to make the yuan a lending currency instead of a reserve or invoicing currency. Here is what/why it means.
Latest Charts EURGBP & Gold مخططات
Here are the latest levels in EURGBP & GOLD discussed earlier with the WhatsApp Bdcst Group.
View Hot-Chart..
Im buying EuroSterling right now
I got losses going on in eurchf Euro better fall for now. You see the weekly pivot for euro is playing the key resistance so far and at the same time above it there's buying eyed.
Gold im expecting side ways and took nice profits yesterday around 1224, wont buy will hold old longs possibly 1218 next will add another position.
EURCHF testing yesterdays low
Euro support for today at 12250
GBPYEN looks like a buyer in case of yen weakness ahead in days
USDCAD ready for 105
Buy eur yen 10970-60
The pre-planned short positions from key resistance range levels have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked this week`s low by formation of reversal bullish signal with further rise in buying activity, suggests preference of planning buying positions for today. At this point, considering descending direction of indicator chart, we can assume probability of rate return to close 1,2280/1,2300 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions, on condition of the formation of topping signals the targets will be 1,2340/60, 1,2400/20 and (or) further break-out variant up to 1,2460/80, 1,2520/40. The alternative for sales will be below 1,2200 with the targets of 1,2140/60, 1,2080/1,2100.
JPY
The pre-planned break-out variant for sales has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked break of key supports by formation of reversal bullish signal, in the bigger picture, considering no clear level of bullish counteraction, suggests preference of sales in planning trading operations for today. Therefore, at this point, considering direction of indicator chart, we can assume probability of rate return to close 90,00/10 resistance levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales, on condition of the formation of topping signals the targets will be 89,60/70 and (or) further break-out variant up to 89,20/30, 88,60/80, 88,00/20. The alternative for buyers will be above 90,40 with the targets of 90,70/80, 91,10/20.
GBP
The pre-planned break-out variant for buyers has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked break of key resistance levels by sign of rate overbought, nevertheless, did not reveal any strong level of bearish counteraction, which favors preference of bullish direction in planning trading operations for today. Therefore, at this point, considering descending direction of indicator chart, we can assume probability of rate return to close 1,4920/40 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for buying positions, on condition of the formation of topping signals the targets will be 1,4980/1,5000, 1,5040/60 and (or) further break-out variant up to 1,5100/20, 1,5160/80, 1,5240/60. The alternative for sales will be below 1,4860 with the targets of 1,4800/20, 1,4740/60, 1,4680/1,4700.
CHF
The earlier opened long positions had a positive result in attainment of minimal anticipated target. OsMA trend indicator, having marked preserved low activity of both parties, as earlier, does not clarify the choice of planning priorities for today. Therefore, considering current ascending direction of indicator chart, we can assume probability of another rate return to 1,1100/20 support levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales, on condition of the formation of topping signals the targets will be 1,1040/60, 1,0980/1,1000 and (or) further break-out variant up to 1,0920/40, 1,0860/80. The alternative for buyers will be above 1,1180 with the targets of 1,1220/40, 1,1280/1,1300.
Among other precious metals; platinum is traded at $1558.10; palladium at $470.40; silver at $18.42; while, copper is at $297.23. Turning to commodity futures we see last yesterday, S&P GSCI closed at 500.43 points recording a high of 508.61 points and a low of 497.23 points while RJ/CRB Commodity closed at 259.72 points recording a high of 262.82 points and a low of 259.29.
SPDR gold trust, the largest exchange-traded fund backed by bullion in the world, remained steady at the record high of 1,313.13 metric tons. Gold was set in London on Wednesday at $1226.50 per ounce declining from $1243.00 per ounce during the AM fixing.
Furthermore, stocks in Asia inclined as a result of Australia's new prime minister saying she might lower the resources tax proposed by the predecessor on mining companies, while material producers stock companies climbed therefore supported the overall stock markets.
Turning to oil, we see that prices are rising as the dollar weakened, which meant that investors were interested in commodities as they are priced in dollars, as it becomes cheaper for them.
Currently, spot gold is trading at $1231.84 an ounce recording a high of $1237.90 an ounce and a low of $1227.70 an ounce.
One of the first things the new Australian PM Julia Gillard has proposed is a truce in the war of words with the mining industry over the proposed new resources tax. I mean isn't it amazing if a politician finally does something for the countries benefit with the good intent of his heart, the main stream and corporates will rally together till they get them changed....
The evening and night of the long daggers produced Australias first female Prime Minister, Julia Gillard
Australian sharemarket and the AUD rise on hope of compromise on resources tax
Japans May trade figures shows slow down in exports
Asian stockmarkets rise by 0.5%, Gold steady below $1240/oz
The AUD has been the most volatile currency today in the light of political developments which have led to a change of Prime Minister. Kevin Rudd was ultimately dumped for not being inclusive enough in the decision making processes. The AUD/USD rallied immediately on the news, from .8750 to .8770, then fell back to .8725 before steadying. Ranges: .8725/.8771
Cable has been busy today trying to take out what is either an option barrier around 1.5000 or else a decent sized sell order. 1.5000 has ben the high. The GBP remains in demand on the crosses and is looking to form major interim bases against the commodity currencies which might explain the
GBP/AUD buying by ACBs seen last night. Ranges: 1.4955/1.5000, EUR/GBP .8222/34
EUR/USD closed in NY around 1.2320, tried the down side first but after failing to break below 1.2300 has subsequently rebounded. Stops above 1.2365 remain safe for now. Ranges: 1.2298/1.2353
USD/JPY has been extremely quiet in a 13 pip range and the market ignored the relatively disappointing trade data. Ranges: 89.85/98, EUR/JPY 110.59/111.01
Markets: Nikkei +0.6%, HK +0.2%, Sydney +0.3%, Kospi +0.6%. Gold steady at $1237/oz.
Oh, you mean cheap money only comes as a result of a weak economy? Sell, Mortimer, sell!
Equities are sliding again, down 0.4% after a rally into positive territory on the perverse hope for even more Fed accommodationmates, you should be hoping the Fed is in a position to hike, suggesting the economy has recovered!
Look for EUR/USD to follow suit once all the intraday shorts are covered. A bit persists at 1.2310. Look for it to get filled in if stocks circle the drain in the last half-hour of trade
Scott Grannis at Calafia Beach Pundit highlights how bond markets have now blown off half of their previous Eurozone fears.Credit default swap (CDS) spreads have eased back by about half the amount they previously spiked in response the recent Eurozone crisis.
CBP:
As of last Friday, credit spreads had reversed about half of their recent widening. The scare that started in Euroland with the Greek debt crisis and threatened to spread to the U.S. economy is passing.
Note this applies to both Investment Grade spreads and High Yield ('Junk bond') spreads: