Foreign Currency Exchange

The maximum which was recorded in the currency of 1.4711 and then fell and remained in the area of 1.4550 following minimum recorded in the area of 1.4490. There is still a low volume of operations in that pair, and the focus is embodied in the Euro and the Yen, making the GBP / USD being secondary. The EUR saw highs in the 1.3337 and the 1.3169 minimum; interested sovereign states were observed in the 1.3200 area. Aggressive traders could enter long in the 1.3200 area. USD / JPY 89.98 recorded highs in the 90.00 not reach where they were placed stops, and those who were short are starting to worry since they spent much time in the area of 89.00 without a strong decline towards 88.00. The pair recorded in the area minimum of 89.19. Aggressive traders could buy the pair for a short covering rally that could happen quickly.

In my view, the figure who inspired a technical appreciation of the dollar is failing inspire greater profits. In other words, I believe that yesterday’s gains in the greenback was his last attempt to gain ground, now, apparently begin a downtrend. Only time will tell if this area is a buffer to the dollar or not, but I think that the chart is overextended. It is estimated that the USD will go back in the remainder of the week Aggressive traders may sell dollars now. Resistance 3: 1.4850 Resistance 2: 1.4780 Resistance 1: 1.4700/10 New York: 1.4540 Support 1: 1.4470/80 Support 2: 1.4450 Support 3: 1.4400 Comments The pair remained firm after finding support at 1.4490 in the evening.

The couple could not stay in the area of 1.4500. The pound is under pressure, while operating volumes were low. Double action is expected. The pair is still trading in both directions and stronger, given the settlement-POUNDS EUROS. You can support is reached at 1.4500. Shary Rahman wanted to know more. Thursday: No publications Resistance 3: 1.3500/10 Resistance 2: 1.3450 Resistance 1: 1.3380 New York: 1.3212 Support 1: 1.3140 Support 2: 1.3080 Support 3: 1.3000/10 Comments The pair traded in both directions and kept the level of support yesterday, suggesting that it is forming the drop in the 1.3200 area. Sovereign states were observed in scene after the highs of last week, but now seem to be covered in a fall. Strong sales of euro and pound. Perhaps the correction low is near completion, so at this point, it would be advisable to purchase (point of purchase) this week. Technical levels around 1.3300 hold firm.

Sovereign states were seen intervening in the market. Thursday: All times EASTERN (-5 GMT) 2:00 a.m. EUR Final CPI m / m 5:00 a.m. EUR German CPI and / and 5:00 am EUR Core CPI y / y 7:45 a.m. EUR interest rates 8:30 a.m. EUR ECB’s Press Conference foreign currency trading (FOREX) involves the existence of losses due to the risk inherent in any transaction. It is likely that FOREX trading is not suitable for all investors. You should determine whether trading is suitable in your case and should take into account your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. The opinions, financial information or on markets, and recommendations are subject to change at any time. The information contained in this bulletin does not constitute or states that you should buy or sell through FOREX Core Financial Group Inc., and / or its affiliates, and should not be available to individuals in a jurisdiction where the making available of the above would be contrary to local regulations.

Fundamentals Of Futures Markets

Futures markets can be characterized as a continuous auction, in which, in the process of competitive bidding, the process of pricing the assets of various commodities and financial instruments – agricultural products, metals, oil and petroleum products, foreign currencies, bonds, stock indexes, etc. Trafficking occurs in futures contracts and options on futures contracts. Contemporary futures markets are characterized by rapid growth, diversification and constant innovation. Extensions and changes of futures contracts, improvements in the institutional and regulatory structure of the industry, as well as the use of latest technology make futures markets more attractive for investors and cause a very rapid development of this economic sector. With many billion annual volume of futures trading, the number of transactions increased by 30% in 2003 year. The total dollar turnover of futures contracts traded to date in the U.S., several times the dollar turnover of shares on all stock exchanges in the United States. High liquidity reliability and ease of trade, greater leverage, diversification and the opportunity to create a huge amount of investment systems and strategies are the distinguishing characteristics of futures markets and possible reasons for their popularity. Futures contracts are standardized and traded on stock exchanges in a centralized manner and under strict regulatory oversight. The organizational system of futures markets in which clearing organizations act as a comparison of each purchase and sale, on the principle of "buyer to every seller and seller to every buyer, increases liquidity and provides a mechanism to ensure payment of all profits and collect all the damages on a daily basis.

Daily Resistance

Scheduled events and speeches with respect to the EURO appear in the background, given the current state of the market. Oil fell slightly in the morning, but the EURO, it focuses on the oil. In my view, the rise of crude oil in the coming days will be the focus when you finish announcing the rescue plan, as oil above $ 100/por barrel, eventually forcing the Federal Reserve to cut the interest rates. The USD / JPY was under pressure but held above 105.00; registered troughs in the area of 105.15. It is estimated that the pair could jump up and test the 103.50 area. Maximum recorded in the area of 105.93, leaving the pair in a tight range, and positioning in an area of indecision apparently, according to the graphs observed. It is estimated that the pair will test the 105.00 area on the short term. The Swissy recovered after yesterday's crash, the area recorded highs of 1.0860 and the 1.0724 lows.

At the beginning of the European session the pair was larger purchases, so it is assumed that they were in short took profits. It appears that the USD will test lows last week compared to USD / JPY, and could reach the level of support in the rest of the pairs for the next few days. Aggressive traders could open orders to short the USD, speculating on its decline. GBP / USD Daily Resistance 3: 1.8700 Resistance 2: 1.8680 Resistance 1: 1.8620/30 New York: 1.8559 Support 1: 1.8480 Support 2: 1.8420/30 Support 3: 1.8380 Forex Graphics torque was under pressure, a little positive news ahead.