Short term (Intraday)
1,9936. GBP/USD broke 1,9835 resistance. GBP USD is in a range between 1,9750 and 2,0030. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. Oscillators are neutral. The price should continue to move in 1,9750 / 2,0030 range. We won’t take a position. The risk/reward ratio is too high to take a position..
1,5919. EUR USD is in a range between 1,5700 and 1,5980. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR/USD.The price should continue to move in Bollinger bands. The price should find a resistance below 1,5980. If the resistance is broken then the target will be 1,6100.
The car would be based on a 660cc vehicle platform that is currently used only in Japan and was expected to be launched in 2010, President Osamu Masuko told reporters at the Beijing Auto Show
Mitsubishi Motors would aim to price the car, which would likely have a one-liter engine, below 1 million Japan yen (USD/JPY) ($9,650).
“The mini vehicle business in a sense is a weakness because they are only sold in Japan,” Masuko said.
“But we can turn this into a strength by building a global car using the platform.”
Masuko also said read more>>>
USDJPY closed higher at the end of the week breaking through its recent consolidation top at 102.84/95 to test a high of 104.65 on Friday. While the pair continues to maintain these gains, a move towards its Jan 23′08 low at 104.97 is likely with a break of there accelerating further upside gains towards the 107.22 level, its Nov 26′07 low and next its Feb 14′08 high at 108.65. Read More
GBP has triggered a break of its ST falling trendline drawn off its 2.0398 to close the week above its major emas and the 1.9727/19 area (Mar 05′08/April 01′08 lows) after printing a high of 1.9999 on Friday. Although its weekly and daily studies as well as a formation of a bullish engulfing candle remain supportive of this corrective recovery, as long as it continues to trade below the 2.0052 level, its April 04′08 high and its Mar 27′08 high at 2.0191 the pair is likely to turn lower and resume its downside weakness. If however the latter is cleanly penetrated, then its YTD high at 2.0398 and will be aimed at. Read More
After a persistent attack saw EUR break and close above the 1.5896/1.5913 area on Wednesday, the pair failed to follow through on Thursday and weakened further on Friday to close the week within its triangle pattern (daily chart) at 1.5815.While this development may have temporarily triggered the pair’s nearer term downside weakness, its medium and longer term uptrend remain intact suggesting a return above the 1.5896/1.5913 area on ending the said weakness. Read More
The Australian dollar appreciated vis-à-vis the U.S. dollar last week as the Aussie tested offers around the US$ 0.9400 level and was supported around the US$ 0.9205 level. The pair gained about 15 pips last week. Minutes from RBA’s board meeting of 1 April indicate policymakers sees inflation falling more quickly over the next 2-3 years. Read More
The Canadian dollar appreciated vis-à-vis the U.S. dollar last week as the greenback tested bids around the C$ 0.9985 level and was capped around the C$ 1.0275 level. The pair lost about 150 pips last week.
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The Swiss franc depreciated vis-à-vis the U.S. dollar last week as the greenback tested offers around the CHF 1.0285 level and was supported around the CHF 0.9925 level. The pair gained about 220 pips last week. SNB chief Roth pledged more proactivity in the future about threats to the financial system. SNB will inject up to US$ 6 billion in U.S. dollar liquidity via repo auctions.
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The British pound appreciated vis-à-vis the U.S. dollar last week as cable tested offers around the US$ 1.9995 level and was supported around the $1.9600 level. The pair gained about 245 pips last week. BoE may swap mortgage-backed securities for government bonds for up to three years. The BBA said banks may have artificially fixed Libor too low. RBS may recapitalize to the tune of ₤12 billion. BoE’s Bean said the sterling’s real decline since August is equivalent to about a 3% decline in the repo rate. Read More