Euro instrument.Ego really insidious deceit that technical analysis of millions of followers, opposed to seasoned corporate traders aimed to take your money. Euro Tool reversal and therefore difficult for intraday trading if you try to play position. Stop must be removed if he is placed "on the Elder" or other preachers of the TA. This is so lyrical digression after zaderga for feet at 10.30. What I am saying this to the fact that we have a starting balance for the coming week, which is broken up into aziatsoy session. And also there is very important from the point view of the prospects for further growth rate 1.4450. The tip of the "bell" formed after the rejection level of 1.4850. This is a level which converge in one place a month April POC-1.4460 and the middle of the range in April 1.4468. Above the zone begins rapid price movements. Usually such "coincidences" attracted the attention of large pozitsionschikov. The level is expected to be heavy with a lot of spreading room. Not the fact that it will be rejected and the market is necessarily grohnetsya at 1.3700. There are exactly two figures before the next important April barrier VAHM-1.4640, sovadayuschy with a hole in the bulk, which miraculously painted strike 1.4660 to call on the current contract. The idea is still in stock 3 trading day and 200 points. Wednesday, June 1, 2011
Funny Scottish Birthday Poems
Engineering on EUR / USD on 02.06.2011
Euro instrument.Ego really insidious deceit that technical analysis of millions of followers, opposed to seasoned corporate traders aimed to take your money. Euro Tool reversal and therefore difficult for intraday trading if you try to play position. Stop must be removed if he is placed "on the Elder" or other preachers of the TA. This is so lyrical digression after zaderga for feet at 10.30. What I am saying this to the fact that we have a starting balance for the coming week, which is broken up into aziatsoy session. And also there is very important from the point view of the prospects for further growth rate 1.4450. The tip of the "bell" formed after the rejection level of 1.4850. This is a level which converge in one place a month April POC-1.4460 and the middle of the range in April 1.4468. Above the zone begins rapid price movements. Usually such "coincidences" attracted the attention of large pozitsionschikov. The level is expected to be heavy with a lot of spreading room. Not the fact that it will be rejected and the market is necessarily grohnetsya at 1.3700. There are exactly two figures before the next important April barrier VAHM-1.4640, sovadayuschy with a hole in the bulk, which miraculously painted strike 1.4660 to call on the current contract. The idea is still in stock 3 trading day and 200 points.
Euro instrument.Ego really insidious deceit that technical analysis of millions of followers, opposed to seasoned corporate traders aimed to take your money. Euro Tool reversal and therefore difficult for intraday trading if you try to play position. Stop must be removed if he is placed "on the Elder" or other preachers of the TA. This is so lyrical digression after zaderga for feet at 10.30. What I am saying this to the fact that we have a starting balance for the coming week, which is broken up into aziatsoy session. And also there is very important from the point view of the prospects for further growth rate 1.4450. The tip of the "bell" formed after the rejection level of 1.4850. This is a level which converge in one place a month April POC-1.4460 and the middle of the range in April 1.4468. Above the zone begins rapid price movements. Usually such "coincidences" attracted the attention of large pozitsionschikov. The level is expected to be heavy with a lot of spreading room. Not the fact that it will be rejected and the market is necessarily grohnetsya at 1.3700. There are exactly two figures before the next important April barrier VAHM-1.4640, sovadayuschy with a hole in the bulk, which miraculously painted strike 1.4660 to call on the current contract. The idea is still in stock 3 trading day and 200 points. Chicken Pox Just On Your Legs
Germany owes much to the periphery of the dissolute
EUR / USD
Trading range: 1.4455 - 1.4355
Trend: Downward
Sell at 1.4442 SL 1.4474 TP 1.4365
USD / JPY
Trading range: 81.05 - 82.00
Trend: Upward
Buy at 81.16 SL 80.84 TP 81.88
GBP / USD
Trading range: 1.6490 - 1.6380
Trend: Downward
Sell at 1.6479 SL 1.6511 TP 1.6391
USD / CHF
Trading range: 0.8510 - 0.8620
Trend: Upward
Buy at 0.8523 SL 0.8491 TP 0.8607
EUR / USD
Trading range: 1.4455 - 1.4355
Trend: Downward
Sell at 1.4442 SL 1.4474 TP 1.4365
USD / JPY
Trading range: 81.05 - 82.00
Trend: Upward
Buy at 81.16 SL 80.84 TP 81.88
GBP / USD
Trading range: 1.6490 - 1.6380
Trend: Downward
Sell at 1.6479 SL 1.6511 TP 1.6391
USD / CHF
Trading range: 0.8510 - 0.8620
Trend: Upward
Buy at 0.8523 SL 0.8491 TP 0.8607
PS Here is published Free daily surveys at 11 am in Moscow. The daily forecast is presented only for the European trading session.
PPS Stop-loss, a necessary condition to use these recommendations!
Japanese currency attempted to correct position, but was satisfied with a small correction of losses. The results of the data on the state's economy, published yesterday, the optimism did not have, report S & P / Case-Shiller showed continued decline in prices in the metropolitan areas of the country - house price index for 10 U.S. cities declined in March by 0.6% m / m, and for 20 cities fell 0.8% m / m. In the annual comparison figure fell by 2.9% yoy and 3.6% y / y, respectively. Was not the best and the report of the research group Conference Board - Consumer sentiment in May have fallen sharply - the consumer confidence index fell to 60.8 vs. 66.0 April.
forecast assumed that
index was 66.4. Negative trend yesterday news flow and supported the report of the Institute for Supply Management (ISM) of Chicago, which he submitted Purchasing Managers Index (PMI), known as the business barometer Chicago, in May fell to 56.6 from 67.6 in April. Projections were reduced to the fact that the indicator will drop in May only to 63.0. Addition to the general mood was no rainbow record Fed Dallas demonstrated slowing of business activity - the index of business activity in May was -7.4 vs. 10.5 in April, however, the production index reached 12.7, after 8.1 in the previous month, but the employment index was 11.6, when in April it was 13.4.
From the news today, going to the U.S., we can distinguish ADP report on the dynamics of employment in the private sector in May, where growth is projected at 177 thousand, which is almost the same index in April, when it was 179 thousand and data from ISM manufacturing PMI index for the whole country - the forecast assumes the appearance of slowing down, 58.4 after 60.4 in April.
Next European currency showed good stability and closed the day near the new local maxima relative "Bucks" that have been tested in the first half of the session. Less optimistic than expected results for the EU economy that went yesterday, did not cause investors strong disorder and the single currency was subjected to low sales. Preliminary index of consumer prices slowed growth in May and showed +2.7% vs. +2.8% Previously, which adds to the argument to the collection of assumptions about reducing the chances of further tightening by the ECB.
One indicator of demand in Germany also not endeared rainbow mood - Retail sales in the EU's largest economy in April grew more slowly than expected - was +0.6% m / m, after falling in March 2.7% m / m. Forecasts of expected sales growth to 1.7% m / m. Were good news for employment in Germany - the unemployment rate in May fell to 7.0% vs 7.1%, but the number of unemployed fell by only 8 thousand, after the April -33 th, and forecasts thought about -30 thousand in the whole euro area, unemployment remained at 9.9%.
Today, the focus will be data on the final evaluation of Purchasing Managers Index (PMI) of Germany and the Eurozone as a whole for the production sector, it is anticipated that in May indicator decreased in comparison with April, to 58.2 after 62.0 in Germany, and up to 54.8 against 58.0 for the entire euro area. Forecast on Italy and France, too, is waiting for reducing this indicator. This may disappoint the market and provide pressure on the euro, reducing expectations of further rise in interest rates. Anticipated improvement in employment in France could be some compensation point, but very small. economic news "islands" were not enough, you can remember only a record of service land inventory, noting the rise in prices on the British housing. In April there was +0.8% m / m, although in the annual comparison was negative, -1.3% y / y. In addition, there was a message, that the British Chamber of Commerce changed its forecast for the rate increase by the Bank of England, it was said - BoE will go to increase its rates in August raising it to 0.75% from 0.50%.
Previously it was assumed that the British regulator begins to tighten in May. Today's package of news is much more saturated meaningful statistics. Primary focus will be Purchasing Managers Index (PMI) for the production sector, opening the unit of publications on business activity in the economy of Britain.
anticipated that in May there was a decrease, and an indicator mark 54 after 54.6. This can reduce the wave of optimism in the market. In addition, ready to statistics on lending for April, forecasts suggest that the number of approved mortgage loans will decline to 47,250 after 47557, at a time when mortgage lending is very grown up to 0.9 billion, after +0.4 billion pounds previously. An increase of 0.25 billion pounds, after +0.1 billion, and waiting for the unsecured consumer loans.
not devoid of high interest will be information on the aggregate M4 money supply - in April, is expected to see growth of 0.3% m / m after a 0.1% m / m earlier that in terms of growth in lending is a positive signal.
JPY
The Japanese yen fell against the dollar and other major currencies on the Tuesday session. The reason for this attitude toward the yen was a message that the rating agency Moody's has begun to explore the rating of sovereign debt for possible downgrade. The grounds have been named to the continuing difficulties the Japanese government in matters of fiscal consolidation, as well as addressing issues related to financing the restoration of objects destroyed by the disaster.
data presented today in May noted slight improvement in sales of automobiles in the country, reducing fixed at -37.8% y / y after -51.0% y / y previously. The head of the Bank of Japan said today that the Japanese economy is still under intense pressure, but its recovery is expected in the second half of the fiscal year.
As for the prospects for Yen, it is likely that news of the ranking of countries have already played, and the market will wait for new guidelines. Perhaps now investors will wait for information from U.S. employment, which means a high probability of range trading.
Analyst: Arkady Nagiyev
Previously it was assumed that the British regulator begins to tighten in May. Today's package of news is much more saturated meaningful statistics. Primary focus will be Purchasing Managers Index (PMI) for the production sector, opening the unit of publications on business activity in the economy of Britain.
anticipated that in May there was a decrease, and an indicator mark 54 after 54.6. This can reduce the wave of optimism in the market. In addition, ready to statistics on lending for April, forecasts suggest that the number of approved mortgage loans will decline to 47,250 after 47557, at a time when mortgage lending is very grown up to 0.9 billion, after +0.4 billion pounds previously. An increase of 0.25 billion pounds, after +0.1 billion, and waiting for the unsecured consumer loans.
not devoid of high interest will be information on the aggregate M4 money supply - in April, is expected to see growth of 0.3% m / m after a 0.1% m / m earlier that in terms of growth in lending is a positive signal.
JPY
The Japanese yen fell against the dollar and other major currencies on the Tuesday session. The reason for this attitude toward the yen was a message that the rating agency Moody's has begun to explore the rating of sovereign debt for possible downgrade. The grounds have been named to the continuing difficulties the Japanese government in matters of fiscal consolidation, as well as addressing issues related to financing the restoration of objects destroyed by the disaster.
data presented today in May noted slight improvement in sales of automobiles in the country, reducing fixed at -37.8% y / y after -51.0% y / y previously. The head of the Bank of Japan said today that the Japanese economy is still under intense pressure, but its recovery is expected in the second half of the fiscal year.
As for the prospects for Yen, it is likely that news of the ranking of countries have already played, and the market will wait for new guidelines. Perhaps now investors will wait for information from U.S. employment, which means a high probability of range trading.
Analyst: Arkady Nagiyev
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British sterling was disappointed at the Tuesday session - start bidding steady growth against the backdrop of positive developments on the German position with regard to Greece, finished the day with a loss against the Bucks. " Obviously, most popular euro and its purchases against all the majors, led to reduced demand for the "cable" and a couple of pound / dollar. Also, probably need to adjust the position of British currency at the end of the month led to its sale.