EXCHANGE RATES
Currency Support II Support I Level Resistance I Resistance
EURUSD 1.2500 1.2630 1.2700 1.2870 1.3000
GBPUSD 1.5500 1.5850 1.5960 1.6080 1.6350
EURGBP 0.7800 0.7900 0.7950 0.8350 0.8500
USDCHF 0.9000 0.9200 0.9450 0.9580 0.9750
USDJPY 78.00 79.50 80.30 81.80 84.20
USDCAD 0.9820 1.0050 1.0114 1.0280 1.0400
EURCHF 1.1970 1.2000 1.2010 1.2250 1.2380
EURJPY 101.50 102.00 102.10 105.00 107.00
XAUUSD 1480 1520 1533 1580 1620
XAGUSD 26.50 27.00 27.30 31.20 33.20
EVENTS & MEETINGS
Bank of England releases quarterly inflation report. 10:30Gmt
Fed?s Bullard speaks on US Economy in Louisville, Kentucky .
17:30Gmt
Fed releases minutes from April 24-25 FOMC Meeting. 19:00Gmt
VIEWS & TRADING IDEAS
EUR/USD
Greek nightmare continues as new election will take place mid-june
which leaves an another month of uncertainty about this issue.
European CDS are rising more but this move is more pronounced on the
Spanish and Italian ones. The single currency remains clearly under
pressure and a test of the 1.2620 year low is on the cards. Any
rebound should be limited at 1.2870.
GBP/USD
Finally the cable is coming down as well as the US dollar is the
main winner in this environment. The break of the 1.6000 support area
opens the door for lower levels with a minimum target of 1.5880.
Today?s main event will be BoE inflation report with could be a market
mover. Downside prevails as long as we keep trading below the 1.6000
area.
USD/CHF
The pair keeps inching higher after the break of the 0.9330 seen
two days ago. A test of the Jan high at 0.9580 should be a matter of
time. We remain short term bullish as long as we keep trading above
the 0.9330 level.
USD/JPY
After spending a full week trading within the 79.50/80.00 range,
the pair is finally moving higher. We expect more to come in the
coming days and the 81.60/80 resistance should be tested soon. We
remain buyer on the weakness as long as the 79.50 support holds.
AUD/USD
New lows seen this morning on risk off. We traded briefly below
the 0.9900 level earlier. With gold and stock market dropping the
Aussie should remain under pressure in the coming days. Nearest
support stands at 0.9850 and if broken a more important one at 0.9650.
Risk clearly stands on the downside in this environment.
USD/CAD
The 0.9800-1.0050 is being broken as we are currently trading
close at 1.0100. A daily close above the 1.0050 should send the pair
to the 1.0250 area. We were rather seller on the rallies but we?ll
give up this strategy as the greenback is well bid against all the
major currencies.
Commodities
Gold assisted to another flury of selling and all the buying
orders were filled on the way down. Gold lost more ground during Asian
hours again sold by the physical actors who usually are on the other
side....We are actually laying on a 6 month support and 1520$ area
must hold or 1480$ will be our next short term target. The rebound
might be limited to yestedays high for now at 1565$ where we will sell
at first attempt. The mood remains bearish and we can hardly see why
we shouldnt go and test that old support. Silver continues its
nightmare and has now lost 13% over the last 10 days and there is no
sign of any recovery soon. The next point to be challenged will be in
the zone at 26.35$ but it should hold and wil be a buyer for a quick
term play. Crude oil is trading lower again also on speculative
selling from the hedge fund community liquidating their long
positions. We are currently holding right above the 100 Ma at 92.10$
and a double bottom designed in late december. A breach of this mark
would bring us directly to the next bus stop at 89.50$
******
Burada yer alan yatırım bilgi, yorum ve tavsiyeler yatırım
danışmanlığı kapsamında değildir. Yatırım danışmanlığı hizmeti,
aracı kurumlar, portföy yönetim şirketleri, mevduat kabul etmeyen
bankalar ile müşteri arasında imzalanacak yatırım danışmanlığı
sözleşmesi çerçevesinde sunulmaktadır. Burada yer alan yorum ve
tavsiyeler, yorum ve tavsiyede bulunanların kişisel görüşlerine
dayanmaktadır. Bu görüşler mali durumunuz ile risk getiri
tercihlerinize uygun olmayabilir. Bu nedenle, sadece burada yer
alan bilgilere dayanılarak yatırım kararı verilmesi beklentilerinize
uygun sonuçlar doğurmayabilir.
*******
Foreks Haber Merkezi (
[email protected] )
http://www.foreks.com
http://twitter.com/#!/ForeksTurkey