EUR/GBP outlook

EUR/GBP outlook

• After failing at the 75.90 level, we appear to be heading back towards the lows at 74 pence.
  
  
• Only a move below 74 suggests a move towards 72.55, which had originally been the peaks seen in 2003.       

CMC markets GBP/USD outlook

CMC markets GBP/USD outlook

• We've so far managed to remain above $1.5200 and while we do so the risk of a short squeeze back to $1.5280 remains.
  
  
• We need to push back through the $1.5280 level to keep the prospect of a move towards the $1.5500 level.
  
  
• A move below 1.5200 could well see a retest of the $1.5000 lows last week.       

Oil back up, USD back down

Oil back up, USD back down

• Another day, another >5% swing in oil prices-this time higher overall. 
• That helped CAD and NOK, but no more so than most other majors, as the biggest theme in FX was broad USD weakness. 
• EUR managed to be the marginal top performer alongside DKK. 
• At least part of that support may have come from central bank flows as the Danish Central Bank cut its deposit rate to -0.75% in defense of pressure on the EURDKK peg. 
• That's the fourth cut this ye       

USD/JPY moves lower in dull trading

USD/JPY moves lower in dull trading

• USD/JPY off very moderately in Asia, early high 117.55, low so far 117.27.
  
  
• Large bln 117.00 vanilla options expirations supports.
  
  
• Japanese importer and investor interest seen towards/below 117.00.
  
  
• Offers well ahead of 118.00, option expiries at 118.00, 25-30.
  
  
• More range-trading looked at into tonight's key US payrolls data.        

EUR/JPY sees sellers run into support ahead of pivot

EUR/JPY sees sellers run into support ahead of pivot

• Negative technical outlook
  
  
• EUR/USD has little chance for longs
  
  
• Large EUR/JPY sell order helped bring USD/JPY lower
  
  
• Support seen ahead of 134.17 pivot point       

USD/JPY daily outlook

USD/JPY daily outlook

• USD/JPY is trading in narrow range around 116.80 to 118.85 for the past ten trading session trend is neutral as long as Support 116.80 holds.
  
  
• The pair's minor resistance around 118.20 and any break above will take the pair to 118.85/119.95.
  
  
• On the downside major support is around 116.80 and break below will target 115.80.

Indicators (1 Hour chart)                                                

CCI (50) - Buy

CCI (14) - Buy

Ichimoku- Buy     

gold up dates

buy above xauusd@1265- stop loss 1260 target 1278/1288/1298

EUR/USD spike above 200 hma concerns bears

EUR/USD spike above 200 hma concerns bears

• Pair's spike through the 200 HMA is a concern for short trades
  
  
• The 10 DMA weighs further, just above the market at 1.1358
  
  
• Looks to hold rally attempts. Stops lowered to above the latter
  
  
• Looks to return to Thurs' 1.1262 low, close to the 50% fibo
  
  
• Short target is 1.1261 =  50% of 1.1098/1.1423. 1.1100       

AUD/USD focuses on RBA

AUD/USD focuses on RBA

• AUD back-filled early price gap lower for slight net change post NY close c0.7770
  
  
• Cross performance mixed +0.30% vs JPY tempered by similar % loss vs EUR
  
  
• FX market convinced OIS now pricing 70% chance of 25 bps cut
  
  
• 0.7720 29 Jan low as sup, 0.7800 stays as close topside resistance for now        

USD/INR rallies on short cover, risk off

USD/INR rallies on short cover, risk off

• USD/INR to move above 62.00 on risk aversion, short squeeze
  
  
• Short covering interest ahead of RBI tomorrow
  
  
• Names cited good buyers in the NDFs overnight
  
  
• NDFs traded 61.22-61.45 range overnight, closed 61.35-40 in NY
  
  
• Feb manufacturing PMI data eyed, forecast 53.5 vs 54.5 previous        

eurusd up dates

EURO SUMMARY: The euro opened at $1.1289 after Friday's $1.1278 to $1.1349...

EURO SUMMARY: The euro opened at $1.1289 after Friday's $1.1278 to $1.1349  range, and rose quickly in early dealings to $1.1328, the rise attributed to  cross flows and predominantly against the Swiss franc after a report said the  SNB was operating "a kind of minimum exchange rate against the euro", Schweiz am  Sonntag newspaper said. The euro gains tapered off after that but euro-dollar  held on near the highs. Minor pullbacks were seen as the US dollar also  recovered part of the initial losses against the yen but these were limited to  around $1.1300. Euro-dollar spent the rest of the morning in a narrow range and  last traded at $1.1312. Resistance is seen at $1.1341 marking the 50% fibo  retracement of the pair's $1.1423 to $1.1260 fall. In a note to clients, ANZ's  economists say, "The Greek situation continues to simmer away, but the reality  is that the anti-austerity movement has very little power and must ultimately do  Europe's bidding. The Greek economy has already contracted 25% since the star of  the crisis and with a 25% unemployment rate and high public indebtedness  considerable pain lies ahead.