Technical analysis of FXCBS

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This is Technical analysis daily provided by specialists and analysts In FXCBS

Friday February 26 , 2010
[COLOR=Red]
Previous session overview[/COLOR][COLOR=Red]
[/COLOR]
The European currency recorded its highest level during the Asian session at 1.36035 and recorded a low at 1.35300, the pair trading now around the level 1.35705.

The British pound tried to rise in the Asian session after the greatest decline against the US dollar yesterday, recorded a highest at 1.52946, and the lowest was at 1.52331, the pair is trading now around the level 1.52749.

The US dollar fell against the Japanese Yen yesterday to near the level of 88.900 recorded the highest level at 89.502 and currently trading at 89.333 and it has recorded the lowest level in the Asian session at 89.084.


[COLOR=Red]Market Expectations[/COLOR]
[COLOR=SeaGreen]
EUR/USD :[/COLOR]
We expect today upward trading begins after breaching the resistance level at 1.35850 and the aim at the level 1.38300, these expectations requires stable for trading above the level of 1.35100.




[COLOR=SeaGreen]GBP/USD :[/COLOR]
We expect an upward trend for today's potential first the pivotal resistance level at 1.53500 and then go for the next major objective at 1.54450 , these expectations requires the stability of the trading above the level of1.51700.



[COLOR=SeaGreen]USD/JPY : [/COLOR]
We expect today a bearish intraday direction targets are at 88.880 then 88.200. Keep in mind the importance of the four hours remaining below 90.320 to maintain chances of achieving these expectations.




Senior Analyst / Ali Hasan /FXCBS

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This is Technical analysis daily provided by specialists and analysts In FXCBS

Monday March 1 , 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair declined to record a low of 1.35856 and a high of 1.36504, while it is currently trading around 1.36254.

Regarding the pound dollar pair, it declined as well to record a low of 1.50963 and a high of 1.52031, having the royal currency trading around 1.51600.

Finally, the dollar gained against the Japanese yen after the pair declined sharply last week as traders targeted the low yielding yen. The pair recoded a low of 88.810 and a high of 89.364.


[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD :[/COLOR]
The determined Indicators forthe pair euro against the U.S. dollar appears saturated in the procurement process, so we expect a downward trend for the pair to the level 1.34650 and then to the level of 1.33800.



[COLOR=SeaGreen]GBP/USD :[/COLOR]
Sterling against the U.S. dollar has fallen sharply with the start of trading today, but we are now waiting a corrective move upward for the pair before continuing decline towards to the new goals.


[COLOR=SeaGreen]
USD/JPY : [/COLOR]
the dollar against the yen Facing strong support levels at the 88,200, determined indicators show signs positive reaction may push the price upward before continuing downward spiral toward to the targets of 87,000 and then 86,450.



Senior Analyst / Ali Hasan /FXCBS

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The pound tumbled heavily in markets against the U.S dollar, since polls revealed that the United Kingdom might have had a hard time narrowing their budget deficit, which therefore might weigh on growth prospects. The Sterling against U.S dollar is currently traded at 1.48801 between the support of 1.48500 and the resistance of 1.49650, while recording a high of 1.52031 and a low of 1.47805. Stochastic indicators for one hours candle show oversold area while there is low volume in the markets.

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Senior Analyst / Ali Hasan /FXCBS

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This is Technical analysis daily provided by specialists and analysts In FXCBS
Tuesday March 2 , 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair declined to record a low of 1.35044 and a high of 1.35766, while it is currently trading around 1.35104.

Regarding the pound dollar pair, it declined as well to record a low of 1.48510 and a high of 1.49981, having the royal currency trading around 1.48627.

Finally, the dollar gained against the Japanese yen after the pair declined sharply last week as traders targeted the low yielding yen. The pair recoded a low of 89.073 and a high of 89.369.


[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD :[/COLOR]
We expect Today a decline for a couple of the euro against the U.S. dollar first re-designed to test the support, level at 1.34850 then 1.34190 ,In the case of penetration of these levels go towards new goals to the level of1.33250.



[COLOR=SeaGreen]GBP/USD : [/COLOR]
Stochastic indicators show negative signs for a couple of sterling against the U.S. dollar, which makes us expect a downward trend today for the pair to test again the level of 1.47800.
[COLOR=SeaGreen]


USD/JPY : [/COLOR]
We expect a downward trend for a couple of the U.S. dollar against the Japanese yen today resides on the main objectives of 88.200. Wave short-term downside require the closure of four hours below the level 90.300.



Senior Analyst / Ali Hasan /FXCBS

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Wednesday March 3 , 2010

[COLOR=Red]Previous session overview[/COLOR]

The pair Euro against U.S dollar traded in a narrow range slant upward during the Asian period, the highest price was at 1.36545 and the lowest price at 1.36056, the pair trade now around the level of 1.36190.

Sterling against Dollar also traded in narrow range during the Asian section between high price at 1.50758 and low price at 1.49583, the pair now trading around 1.50050.

Finally, the dollar gained against the Japanese yen, the pair recoded a low of 88.470 and a high of 88.949. The pair trading now at 88.835


[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD :[/COLOR]The euro against the U.S. dollar Try to penetration resistance level at 1.36550, but bounced back quickly, which leads us to expect that the correction to the recent wave has been completed, and therefore we expect today's down for a couple to the targets 1.34400 , these expectations requires a breakthrough for the support level at 1.35850.


[COLOR=SeaGreen]
GBP/USD[/COLOR] : The pair Sterling against the U.S. dollar has a touch with the resistance level of 1.50700 then Recoil, we expect today's down for a couple to the support target at 1.48500.



USD/JPY : We expect a possible bearish intraday direction; targets start at 88.220 then 87.650. The bearish short term wave will prevail if 90.000 remain intact.



Senior Analyst / Ali Hasan /FXCBS

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Thursday March 4 , 2010
[COLOR=Red]
Previous session overview[/COLOR]

The euro dollar pair fell slightly after tow days of gains to record a low of 1.36331 and a high of 1.37124, having the union currency trading around 1.36502.

Regarding the pound dollar pair, it is consolidating between a high of 1.51068 and a low of 1.50221, having the royal currency trading around 1.50327.

Finally, the dollar fell slightly against the Japanese yen to record a low of 88.136 and a high of 88.629, having the pair trading around 88.424.

[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD :[/COLOR]
The pair Euro against the dollar rose yesterday after it penetrated the resistance level at 1.36550, the pair completed the corrective movement as we expect , and we expect that the pair should be return to land again, these expectation requires closure of a candle one hour below the level of 1.36550. We must note the Economic data that will issue from Euro Zone about Minimum Bid Rate.

[COLOR=SeaGreen]

GBP/USD : [/COLOR]
Sterling against the U.S. dollar Succeeded to achieving the 61.8% Fibonacci at 1.51300 for the last decline, we expect today on a downward trend for a couple to first target level at 1.49600 then to the level 1.48800, these expectations requires closure candle four hours below the level of 1.50500. We must note the Economic data that will issue from United Kingdom about Official Bank Rate.



[COLOR=SeaGreen]
USD/JPY : [/COLOR]
We expect today for the pair U.S dollar against the Japanese Yen a bearish direction prevailing over an intraday basis; main targets start at 87.660 then 86.800. Chances of achieving this bearish direction will remain intact if the four-hour closing remains below 90.000.




Senior Analyst / Ali Hasan /FXCBS

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Thursday March 4 , 2010
Daily Fundamental Analysis

We are Waiting today for the decision of the Central Bank in United Kingdom in regards to the interest rates, the forecast is to be without changes at least as low as 0.50%, We are also expecting the European Central Bank interest rate decision, which is also expected to be at the lowest rate since the establishment of the European Central Bank at 1.00% .the United Kingdom Central Bank also will discuss more information on the APF program which was halted last month yet officials left the door open for continuing, 200 billion pounds that were applied towards purchasing gilts helped provide economic growth in the UK as the nation expanded by 0.1 percent as a result of the manufacturing and services sector growing therefore supporting overall gross domestic product. President of the central bank Trichet will speak after the announcement of the rate decision, giving an overview of the current economic conditions.

On the other hand the focus of the investors in the recent debt crisis is on Greece, which may lead to the emergence of more such problems in other countries in the region, threatening the general economic situation of the euro zone.

The general situation in both regions, the European Union and the UK are still suffering from terrible dilemmas in the road to recovery, Which means that it is too early to say that the recovery phase has started, as pointed out by some analysts , The European economy depends 80% of its gross domestic product of industrial exports in Germany, which have improved remarkably in the recent times However, the economic bumps that appear here and there in the European Union reduce the impact of this improvement on the European economy as a whole This, in turn the European economy is losing eligibility for this improvement. The most important question, will we see new debt crises after the debt crisis of Greece? The Situation points out that Spanish economic suffered Standing on the edge of the abyss.

Senior Analyst / Ali Hasan /FXCBS

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Thursday March 4 , 2010

EUR/USD outlook

The bearish channel which started since the first of December 2008 at the levels of 1.51400 and reached the bottom at 1.34350, confirms that the decline is still in place for the pair euro against the U.S. dollar to close at 1.3000 Initially, the resistance levels of 1.37350 and 1.38000 are very important to confirm our expectations, it should not be penetrated it to keep our expectations of the pair to descend further to our targets.



Senior Analyst / Ali Hasan /FXCBS

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Thursday March 4 , 2010

[COLOR=Red]Previous session overview[/COLOR]

The euro dollar pair fell slightly after tow days of gains to record a low of 1.36331 and a high of 1.37124, having the union currency trading around 1.36502.

Regarding the pound dollar pair, it is consolidating between a high of 1.51068 and a low of 1.50221, having the royal currency trading around 1.50327.

Finally, the dollar fell slightly against the Japanese yen to record a low of 88.136 and a high of 88.629, having the pair trading around 88.424.


[COLOR=Red]Market Expectations[/COLOR]

[COLOR=SeaGreen]EUR/USD :[/COLOR]The pair Euro against the dollar rose yesterday after it penetrated the resistance level at 1.36550, the pair completed the corrective movement as we expect , and we expect that the pair should be return to land again, these expectation requires closure of a candle one hour below the level of 1.36550. We must note the Economic data that will issue from Euro Zone about Minimum Bid Rate.



[COLOR=SeaGreen]GBP/USD :[/COLOR] Sterling against the U.S. dollar Succeeded to achieving the 61.8% Fibonacci at 1.51300 for the last decline, we expect today on a downward trend for a couple to first target level at 1.49600 then to the level 1.48800, these expectations requires closure candle four hours below the level of 1.50500. We must note the Economic data that will issue from United Kingdom about Official Bank Rate.



[COLOR=SeaGreen]USD/JPY :[/COLOR] We expect today for the pair U.S dollar against the Japanese Yen a bearish direction prevailing over an intraday basis; main targets start at 87.660 then 86.800. Chances of achieving this bearish direction will remain intact if the four-hour closing remains below 90.000.



Senior Analyst / Ali Hasan /FXCBS

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Greece and the reality of the Tsunami

It seems that the financial earthquake that hit Greece still hides its real teeth until this moment, the Greek budget deficit represents 12.7% of the gross domestic product and this was the truth that shook the Greek economy, the government, and the former government claims that the deficit does not exceed 3.7%.According to the Washington Post in an investigation underway to find out the details of the earthquake that Goldman bank Sachs behind the financial storm in Greece, The bank as stated in the Washington Post hiding some of the financial transactions for the Greek Government, when the new government take the power in Athena they found that the budget defect more than Numbers recognized by the previous government, This was because of such transactions calculated on the basis that it deals, currency, and are not loans.

Greece now stands in front of very large problems and try to search for solutions to get out of this storm, Where the Greek government has identified five banks to issue government bonds for a period of ten years to collect loans worth $ 6.8 billion the total debt of Greece more than $ 400 billion, and therefore they need to borrow U.S. $ 72.43 billion this year to cover the deficit in its budget , this solution is not successful and will not benefit Greece to get out from the storm , it will increase the debt of Greek more and more .Greece now need the support of the European Union to lend at low interest rates, which dropped personally will not accept the European Union to lend to Greece with low interest rates, let alone that the Spanish and the Portuguese economy may flow the storm soon the both country facing the same problem and soon we will listen about that .

Greek government now have just one solution which is painful, sale of some assets government buildings, businesses and some islands, to pay debts, This storm, which hit Greece shook all corners of the European Union, the European Union currency fell during the trading this week to the lowest price since May 18, 2009 at 1.3435.The Greek government will not come out of this crisis without selling off its assets and this is the only solution to the government. This leads us to believe that there are some parties that stand behind this hurricane to get the benefits from this problem. But the most important question that is going on in my head is, who is this hidden hand behind this crisis?

Senior Analyst / Ali Hasan /FXCBS

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