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		<title>The Loonie hit the Dollar</title>
		<link>http://www.fxmee.com/blog/forex-daily-report/the-loonie-hit-dollar-strong.html</link>
		<comments>http://www.fxmee.com/blog/forex-daily-report/the-loonie-hit-dollar-strong.html#comments</comments>
		<pubDate>Wed, 21 Apr 2010 12:30:42 +0000</pubDate>
		<dc:creator>Benton Pena</dc:creator>
				<category><![CDATA[Forex Daily Report]]></category>
		<category><![CDATA[Canadian Dollar]]></category>

		<guid isPermaLink="false">http://www.fxmee.com/blog/?p=40</guid>
		<description><![CDATA[Today we have a day with little activity at the macro agenda. Therefore, we must be attentive to the quarterly results Boeing Co., McDonalds Corp., Wells Fargo and Morgan Stanley in the U.S.. Yesterday, Apple has shaken the market, following news that its earnings dropped figures surpassed the expectations of the investors. Among other things, [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;">Today we have a day with  little activity at the macro agenda. Therefore, we must be  attentive to the quarterly results Boeing Co., McDonalds Corp., Wells  Fargo and Morgan Stanley in the U.S.. Yesterday, Apple has  shaken the market, following news that its earnings dropped figures  surpassed the expectations of the investors. Among other things,  finally picked up after oil reduce the oversupply that existed in the  market, after European flights resume after several days of inactivity  caused by the effects of volcanic ash cloud. It is important to note  that 75% of the operational aircraft of the old continent had been  affected.</p>
<p style="text-align: justify;">So far, we have reported  the minutes of the last meeting of the Bank of England (BoE). According to the report,  the decision to keep interest rates at 0.50% was unanimous, but noted  that they need a fiscal control &#8220;adjusted&#8221; to control inflation levels. For its part, the BoE  said that the Eurozone recovery remains fragile and that the  depreciation of the pound over stimulus plans offset the weakening  economy. Similarly, the ILO  unemployment rate in the UK recorded a further increase in February, to  settle at 8.0%. However, the pound  advanced against the dollar, after news that the Initial jobless fell  three times faster than expected in the previous month. <span id="more-40"></span><br />
For the next few hours,  the eyes will be on MBA mortgage applications and weekly petroleum  inventories in the U.S., while in Canada, published the results of the  wholesale sales in February.</p>
<p style="text-align: justify;">With regard to raw  materials, a barrel of West Texas oil is trading at 84.25 dollars on the  New York Mercantile House. Since the beginning of  the session, the black gold is appreciated 0.74%, registering a 84.60  daily maximum dollars. Now, after drilling the  61.8% fibo of drawn between 83.83 and 83.62, crude oil goes to 50% last  long stroke. For the next few hours,  we are mindful that if the weekly oil inventories recorded a further cut  in the previous week, oil could offer a fabulous rally up to 85.00  dollars.<br />
Finally, in the  securities field, the selective in the Asian region closed with green  numbers, after the excellent quarterly results from Apple and Yahoo. In Europe, operating  indicators Old upward, accompanying the reaction in Asia, while Wall  Street, U.S. futures bode parquet logon profits.</p>
<p style="text-align: justify;"><strong>Levels and key trends: </strong></p>
<p style="text-align: justify;"><strong>EUR / USD (euro against  the dollar):</strong> The euro could not stand on the barrier of 1.35, which has  made it that goes up to 1.34. At this time, try to  bounce from 1.34, which try to go for the top of the bearish channel,  drawn from the maximum of 15 April. If overcome, you will  find the best of yesterday, where the drilling would open a movement  toward the 1.36. A downward, breaking the  1.34 barrier will be key to see a bearish intraday wave. The lens is located in  the 1.33, however, by the way are outstanding 1.3366 and 1.3342, which  seek to turn the pair. A great strength of the  dollar, could lead to the crossing to operate in the European minimum.</p>
<p style="text-align: justify;"><strong>USD / JPY (dollar against  the yen):</strong> The dollar has rebounded strongly from the trendline, which  also coincided with the fibo 50 of the upward momentum from last March. At the moment, is trying  to break the barrier of 93.43, where to get the daily candle close above  it, would attempt to look beyond the 95 yen per dollar. In one hour chart seen  enough resistance, which highlight the 92.608/787 and 94.03. A low, could be making a  double top at 93.42, so you could again lead to 93. Losing this would be very  considerable, so it would not be unusual to even 92,587.</p>
<p style="text-align: justify;"><strong>GBP / USD (Pound against  the dollar):</strong> The pair has done a good double floor that can help you  stay above the 1.54 dollars per pound. This will be the key  point for today. In case of holding on it,  could give a bullish momentum seeking 1.55 barrier. However, the 1.5381 to  lose again, you go to test the strength of the double floor commented. It is thought that the  third will be lucky and if exceeded, could go without problems until the  barrier of 1.52, also at least weekly. The movement of the  European morning, it is noteworthy that has overcome the most of  yesterday, however, without consolidation, which could be interpreted as  lack of strength to reach 1.55.</p>
<p style="text-align: justify;"><strong>XAU / USD (ounce of gold  against the dollar):</strong> Gold has failed to beat the control area in the  1145 mark yesterday, forming a double top. The yellow metal could go  to seek contact with the guideline aiming upward of $ 1,155. A low, after the double  top, might seek to break the trend long drawn on the chart at a time  from the April 19, which would open the doors to an upper limit at $  1,131 per ounce.</p>
<p style="text-align: justify;"><strong>Opportunities of the day: </strong></p>
<p style="text-align: justify;"><strong>USD / CAD (Canadian  dollar against the U.S. dollar):</strong> The Canadian dollar has already made  new annual lows. Currently listed on the  values that he did not since June 2008, which is very significant. The next significant  support is located at 0.9822, which is the mainstay of May 2008. Furthermore, care must be  taken as the rebounds at the junction are important, and after the  incredible movement of yesterday, could seek an amendment seeking  parity. If you exceed the annual  minimum old, located in the 0.9954, zone of possible pullback could  return up to 0.9977.</p>
<p style="text-align: justify;"><strong>EUR / JPY (euro against  the yen):</strong> The couple has an upward trend in one hour chart quite  relevant, which might come into play should not exceed the maximum  yesterday. The Bull, the mainstay  seems the 124.45, which could send the pair to by 125.27. Once consolidate the  area, could make a move up to 126 days before the control area. Today would not be  surprising a strong movement of the euro, if the quarterly results at  U.S. companies continue to show that the global economy is recovering, a  new day will be bearish for the yen. In this case, the goal  would be 126.30.</p>
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		<title>Dollar waiting for the Q earnings</title>
		<link>http://www.fxmee.com/blog/forex-daily-report/dollar-waiting-q-earnings.html</link>
		<comments>http://www.fxmee.com/blog/forex-daily-report/dollar-waiting-q-earnings.html#comments</comments>
		<pubDate>Tue, 20 Apr 2010 12:13:20 +0000</pubDate>
		<dc:creator>Benton Pena</dc:creator>
				<category><![CDATA[Forex Daily Report]]></category>
		<category><![CDATA[Dollar]]></category>

		<guid isPermaLink="false">http://www.fxmee.com/blog/?p=39</guid>
		<description><![CDATA[Great day in the currency market, after the battery macro data scheduled for today. So far, we knew that the unemployment rate in Greece has risen to 11.3%, 1.1% above the previous data, while the German ZEW survey surpassed the expectations of operators, is 53 points, indicating a greater reliance on economic activity by local [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;">Great day in the currency  market, after the battery macro data scheduled for today. So far, we knew that the  unemployment rate in Greece has risen to 11.3%, 1.1% above the previous  data, while the German ZEW survey surpassed the expectations of  operators, is 53 points, indicating a  greater reliance on economic activity by local investors. Among other things,  during the Asian session, the minutes were published in the last meeting  of Central Bank of Australia (RBA). According to the entity,  inflation was 2.5% for 2010 and interest rates are lower than expected  and confirms that economic growth will be higher in March than in  February, thanks to the rally and fuel a rebound in business  investment. However, not everything  has been positive, the RBA said the housing market remains weak, noting  fewer mortgage approvals.</p>
<p style="text-align: justify;">On the other hand, the  Consumer Price Index from United Kingdom has been above expectations in  both annual rate, as in the month. Watch for possible  pre-election ads in the UK, where one of the central themes will be  inflationary risks and the high fiscal deficit British. After knowing the  results, the cable to trade picks up right now next to the goal of  1.5400 dollars per pound. For the next few hours,  the eyes will be on the decision on interest rates Bank of Canada (BoC),  the testimony of the president of the U.S. Federal Reserve (FED), Ben  Bernanke, oil inventories and API Consumer Confidence ABC /  Washington Post U.S. <span id="more-39"></span></p>
<p style="text-align: justify;">In the securities field,  the selective in the Asian region closed virtually unchanged with the  exception of the Hang Seng in Hong Kong that showed 1%. In Europe, the floor of  the old continent operate on the rise, after Goldman Sachs prospects for  strong earnings record. On Wall Street, U.S.  futures predict a sign with green numbers.<br />
With regard to raw  materials, a barrel of West Texas oil (WTI) recovered from losses in the  day yesterday, to trade at 82.62 dollars on the New York Mercantile  House (NYMEX). For the next few hours,  be attentive and not waste the opportunity to capitalize on the routes  that could generate the loonie if API oil inventories exceeding  expectations. Upwards, the resistance  to consider is at 83.45, while the low, the nearest support is at 82.48  dollars.</p>
<p style="text-align: justify;"><strong>Levels and key trends: </strong></p>
<p style="text-align: justify;"><strong>EUR / USD (euro against  the dollar):</strong> The downward trend continued on foot to continue to let  minor maximum daily chart. The latter has been in  1.37, a level that should be taken into account if the euro rebound from  minimal. Yesterday, he did a good  turn of 1.35, but today has picked up again. If you can not stay above  it, you might also do the same with 1.34, for moving to the monthly  minimum. Highlight the small  upward trend linking the minima of 2009 and 2010. Upward, holding above  1.35, could go to the 1357 attack. A strong movement of the  euro may find the 1.36.</p>
<p style="text-align: justify;"><strong>USD / JPY (dollar against  the yen):</strong> The yen has made a strong pullback on the trend line since  2007, he has done to break the guideline chart bearish than an hour last  week. If you consolidate the  92,587, could try to find the 93 yen per dollar. On the other hand,  re-splitting the downtrend, a move would open up to 92.2, if not hold,  the crossing back to the trend.</p>
<p style="text-align: justify;"><strong>GBP / USD (Pound against  the dollar):</strong> The pound has already made a big move, so it would not be  surprising that they take a break before continuing its upward trend. A good place might be  the 1.54. Although, today&#8217;s surf  zone is also an interesting point. The next significant  resistance is located at 1.5474 before reaching the monthly maximum area  of 1.55. At this point, care  should be taken, as operators of the dollar could be made shorter.</p>
<p style="text-align: justify;"><strong>XAU / USD (ounce of gold  against the dollar):</strong> Gold rebounded yesterday just before the 1123, and  now goes to the 1155, can delay the movement until 1158. However, the road must  take into account the noise zone located in the $ 1,144 per ounce. In one hour chart, you  can trace an upward trend since at least yesterday, that if the drill,  the yellow metal could lose 1133.8, which would lead to minima  yesterday.</p>
<p style="text-align: justify;"><strong>Opportunities of the day: </strong></p>
<p style="text-align: justify;"><strong>USD / CAD (Canadian  dollar against the U.S. dollar):</strong> The pair continues the downward trend  is in place since February. This point may be the  most important day, because if not return to attack than parity in the  exchange rate. The formation of the  candles is clearly bearish, and it also coincided with the annual  minimum old. If the above will be put  on the way toward 1.0275. In one hour chart, you  can see how it has formed a &#8220;Shoulder Head Shoulder&#8221;, where after  breaking his collarbone can think of a continuation of the movement. Along the way are  outstanding 1.01 minimum today.</p>
<p style="text-align: justify;"><strong>USD / CHF (dollar against  the Swiss franc): </strong>The pair has found good support in settings of  1.0623, which can make you reach the top yesterday. In this case, once there,  could continue to escalate, with its sights set at 1.0745 francs per  dollar. A low, losing the support  of 1.0623 will not be easy because he too is very close to the 1.0613,  which seek to bring the maximum price for. However, if successful  could reach the minimum yesterday.</p>
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		<title>Loonie recorded minimum of 22 months against the Dollar</title>
		<link>http://www.fxmee.com/blog/forex-daily-report/loonie-minimum-against-dollar.html</link>
		<comments>http://www.fxmee.com/blog/forex-daily-report/loonie-minimum-against-dollar.html#comments</comments>
		<pubDate>Thu, 15 Apr 2010 14:05:34 +0000</pubDate>
		<dc:creator>Benton Pena</dc:creator>
				<category><![CDATA[Forex Daily Report]]></category>
		<category><![CDATA[loonie]]></category>
		<category><![CDATA[USDCAD]]></category>

		<guid isPermaLink="false">http://www.fxmee.com/blog/?p=38</guid>
		<description><![CDATA[Approaching the end of the week, the currency market offers us a more excellent trading opportunities, then we knew in the monthly report from the European Central Bank (ECB) that the current interest rates are appropriate and inflation remains moderate . As a result, the first reaction of the euro has been to depreciate against [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;">Approaching the end of  the week, the currency market offers us a more excellent trading  opportunities, then we knew in the monthly report from the European  Central Bank (ECB) that the current interest rates are appropriate and  inflation remains moderate . As a result, the first  reaction of the euro has been to depreciate against the dollar 50 pips,  while at the sterling and the yen weakened 15 and 45 pips respectively. Among other things, the  dollar has gained momentum against a basket of currencies, after  publication of the Beige Book from the U.S. Federal Reserve (FED), where  again the monetary authority again referred to a modest economic  recovery, although stability depend on the  labor and housing sector, central themes that have wreaked havoc on the  American country.</p>
<p style="text-align: justify;">For its part, China is  not surprising we disclosed after the Gross Domestic Product in the  first quarter of 2010 has exceeded expectations, as it fell by 11.9%  when estimated a recovery of 11.5%. However, although the  data is significantly positive, we must be attentive to the statements  that might herald the Chinese government to control the risks of  overheating in the economy, as well as a change in monetary policy to  curb rally inflation. Remember that tomorrow  starts the Summit BRIC (Brazil, Russia, India and China) in Brasilia. Among the topics to be  discussed are the global financial crisis, economic recovery and  development of the Yuan currency has been on the core issues after  Washington press for a future revaluation. It should be noted that  the group, constitutes 20% of the economy, 42% of the population, 14.6%  of GDP and 12.8% of global trade, rather than data taken into account. <span id="more-38"></span><br />
For the next few hours,  the eyes will be across the ocean with the Initial jobless, the Empire  State Manufacturing Survey of New York, March industrial production and  long-term TIC Flows in the U.S..</p>
<p style="text-align: justify;">In the securities field,  good quarterly results from JP Morgan Chase and Intel Corp., with the  upturn in China&#8217;s 1Q GDP have led to selective Asian maximum of 22  months, while in Europe, the floor of the old continent operates on the rise,  with the prospect of U.S. macro data and Q earnings from  Google will exceed expectations.</p>
<p style="text-align: justify;">With regard to raw  materials, the WTI barrel makes a technical bounce after a sharp  downward correction, to trade at this time to 85.77 dollars on the New  York Mercantile House (NYMEX). Since the beginning of  the session, crude depreciated 0.3% since the start of session. For the next few hours,  traders await an intraday spike to the ceiling located in 86.07, then  consolidated between 85.25/85.38 dollars.</p>
<p style="text-align: justify;"><strong>Levels and key trends: </strong></p>
<p style="text-align: justify;"><strong>EUR / USD (euro against  the dollar):</strong> The euro has lost during the morning of 1.36, which has  precipitated the price up to 1.3536, a level of interest in advance. It is close to closing  the gap around the week it opened. The 1.3536 can hold and  is an area where operators seek euro bullish positions. A low, losing 1.3536, the  pair slip up to 1.35, second area of potential upward bounce. This is also where lie  the 200-day Moving Averages in an hour. Therefore, a level not  easily broken, however if successful could precipitate the pair in the  direction of 1.34.</p>
<p style="text-align: justify;"><strong>USD / JPY (dollar against  the yen):</strong> Yesterday the dollar&#8217;s aspirations were dashed when they  crossed 200 days in MM graph of a time in the 93,608, maximum area  weekly. Today, after yesterday&#8217;s  bounce from about 92.87, the MM discussed have again turned to the  price. Therefore, we must be  attentive to them, as a perforation of them could make the two new roofs  made weekly. The objective here would  be 94.03, but down the road you will find the maximum of 93,787 last  Friday in the. To do this, should  rebound strongly from the 93. A low, losing the support  of 93 yen per dollar. If the yen is very  strong, could try to reach the weekly minimum.</p>
<p style="text-align: justify;"><strong>GBP / USD (Pound against  the dollar): </strong>The pound has not kept about 1.55, which has led the pair  to break the upward trend that had drawn from at least April 8. In these moments, found  some support in the 1.54 with lows yesterday. If you continue giving  levels, the goal is set at 1.5337, the minimum weekly. The Bull, could rebound  on the rise looking to los1.5437 1.54.</p>
<p style="text-align: justify;"><strong>XAU / USD (ounce of gold  against the dollar):</strong> The yellow metal could result in a sale if you lose  interest in the rising trend, which currently is being conducted. In 1148.6, could be the  next stop, where he will meet with the MM 200 days in one hour. A stronger sales could  look for 1144. An exaggerated movement  downwards, could look past levels situated in 1141/39. Upward trend or remain on  the bounce in the MM could push the pair looking for $ 1,160 an ounce.</p>
<p style="text-align: justify;"><strong>Opportunities of the day: </strong></p>
<p style="text-align: justify;"><strong>USD / CAD (Canadian  dollar against the U.S. dollar):</strong> The price after having drilled parity  levels, after having served a noise level of 0.9951 has been turned and  it seems that the price starts to seek immediate resistance located at  1.0019. This shift may have two  interpretations: 1. That price will make a  pullback on the line has been drilled and 2. The price has hit bottom  and begin a gradual recovery and appreciation against the dollar. The maximum strength of  this break would give scope to reach the next level of resistance  located at 1.0026 but the price should create supports for the climbing  has consistency.</p>
<p style="text-align: justify;"><strong>EUR / GBP (Euro against  the pound):</strong> The pair has found a strong resistance on 0.8864, which has  brought the price to close the gap that opened the week. It is hoped that by  continuing the downward trend, continue to seek new lows of 0.8751 with  the following objectives. However, it would not be  surprising if the minimum goes up on Friday. On the other hand, both  levels are areas where you could turn the price. The aim must be to be  about 0.88, mainstay of the week. From a fundamental  standpoint, the spread between the Greek and German bond is put back  above 400 basis points, thanks to rumors that the European bureaucracy  could make that money does not arrive on time.</p>
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		<title>Loonie approaching parity with the Dollar</title>
		<link>http://www.fxmee.com/blog/forex-daily-report/loonie-approaching-parity-dollar.html</link>
		<comments>http://www.fxmee.com/blog/forex-daily-report/loonie-approaching-parity-dollar.html#comments</comments>
		<pubDate>Wed, 14 Apr 2010 11:59:49 +0000</pubDate>
		<dc:creator>Benton Pena</dc:creator>
				<category><![CDATA[Forex Daily Report]]></category>
		<category><![CDATA[loonie]]></category>
		<category><![CDATA[US Dollar]]></category>

		<guid isPermaLink="false">http://www.fxmee.com/blog/?p=36</guid>
		<description><![CDATA[In the day today, all eyes were upon the sale of bonds worth 1,200 billion euros in Greece. With complete success in the placement of debt, the findings have made it clear that sales far exceeded expectations, recording an oversubscription in letters at 1 year and 6 months, with key Hellenic government&#8217;s decision to use [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;">In the day today, all  eyes were upon the sale of bonds worth 1,200 billion euros in Greece. With complete success in  the placement of debt, the findings have made it clear that sales far  exceeded expectations, recording an oversubscription in letters at 1  year and 6 months, with key Hellenic government&#8217;s decision to use or not  the plan bailout approved by the  European Commission the previous weekend. However, at the junction  EUR / USD the first reaction was a correction of 55 pips, while the EUR /  GBP the decreases were 40 pips.</p>
<p style="text-align: justify;">Among other things, we  learned that the Consumer Price Index (CPI) monthly and annualized in  Germany. According to the Bureau  of Statistics, inflation was in line with expectations, as it fell by  0.5% in the monthly rate, while the year was 1.1%. It has also been reported  that the Housing Price Index UK DCLG grew annually by 7.4%, 1.2% above  the previous figure but 0.2% below forecasts, while the trade balance  registered a deficit of 2.1 billion  pounds, reflecting the slow recovery of British foreign trade.</p>
<p style="text-align: justify;">For the next few hours,  the eyes will be on the trade balance and the price index of new homes  in Canada, the Trade Balance and Consumer Confidence ABC / Washington  Post U.S. and New Zealand retail sales. <span id="more-36"></span></p>
<p style="text-align: justify;">On the other hand,  increase the prospects for the Chinese government might let its currency  fluctuate, the yuan. In the market, traders  estimated that the Asian currency could leave the exchange rate fixed at  6.82 for the June 30, after the United States repeatedly asked to  appreciate its currency after seriously affect American foreign trade. For next week, be alert  to the meeting between top leaders and how they impact on their  respective currencies. For their part, Asian  economies will grow by 7.5% in 2010, fueled mainly by increases in  China&#8217;s GDP (9.6%) and India (8.2%), according to predictions from the  Asian Development Bank (ADB)  released today in Beijing. The ADB forecast for  China, reflecting a growth of the third world economy of 9.6% in 2010  and 9.1% in 2011.</p>
<p style="text-align: justify;">In the securities area,  the old continent selective closed the session lower, after the metal  Alcoa Inc. will publish quarterly profits lower than expected, which  shrink optimism about a good start of the &#8220;Q earnings.&#8221; For this week, the most  important results are those of JP Morgan Chase, Bank of America and  General Electric. In Europe, the floor of  the old continent operates downwards, while in the U.S., Wall Street  futures foretell an early session losses.</p>
<p style="text-align: justify;">With regard to raw  materials, a barrel of West Texas oil (WTI) is listed at this time to  83.62 dollars on the New York Mercantile House (NYMEX). Since the beginning of  the session, the black gold is depreciated 0.8%, registering a 84.26  daily maximum and minimum at 83.43 dollars. For the next hour,  mindful of the Inventory API weekly U.S. oil, which recorded an increase  could lead to the black gold to the bearish target located in the 83.00  dollars. The Bull, the next roof  is in the 38.2% fibo drawn between the maximum and minimum of 83.74 U.S.  dollars today. Mindful that it could  increase the demand for dollars as the value of shelter if the quarterly  results today do not meet U.S. expectations.</p>
<p style="text-align: justify;"><strong>Levels and key trends: </strong></p>
<p style="text-align: justify;"><strong>EUR / USD (euro against  the dollar):</strong> The euro yesterday managed to maintain for the environments  of 1.36 dollars per euro, is now inviting the European currency could  progress. The aim will exceed  maximum yesterday to try to beat the 1.37, opening the possibility of  breaking the 1.38, the key level for a major correction. A lower, losing 1.36  definitely could slide to the crossing to close the gap reaching up to  1.35. Once there, you may  continue to seek to break the Moving Averages (MM) of 200 days in an  hour searching the barrier of 1.34.</p>
<p style="text-align: justify;"><strong>USD / JPY (dollar against  the yen):</strong> The pair seems not to have endured over the 23.6% fibo, which  is by sliding it toward its next target in the 92,172. The area is very  significant because it also coincides with the setbacks 38.2. This could be making a  pullback on the 23.6% fibo. The next step would be to  lose the 93 to make new lows intraday. The Bull, one can think  that has consolidated over 93, and the next step is to pull himself up  to 93,324, seeking to reach the highs of yesterday.</p>
<p style="text-align: justify;"><strong>GBP / USD (Pound against  the dollar):</strong> The pound has managed to form a good support in the  environments of 1.5337, which has led to intraday highs on the way to  1.54. The goal for today is to  finish above 1.55, and this is going to cross with a figure bassist in  the form of HGH use, at 1.4560/86. Apart from these two  levels, do not get pull himself up from the 1.5381 1.54 will remain. In this case, the  objective will lose 1.5337, for moving to the area of 1.5276 along with  the MM 200 days in one hour.</p>
<p style="text-align: justify;"><strong>XAU / USD (ounce of gold  against the dollar):</strong> The yellow metal has taken a pretty big break after  correction. That it has formed a  support in 1150, so you can make new highs retry. The goal for today could  be the 1160. A low, losing the 1150  slides into the next area of control over 1141. If gold loses much force  could be up to 1139.</p>
<p style="text-align: justify;"><strong>Opportunities of the day: </strong></p>
<p style="text-align: justify;"><strong>USD / CAD (Canadian  dollar against the U.S. dollar):</strong> The pair is again close to parity,  although it seems you need more than good news to break. That is, is receiving  positive and negative macroeconomic news, so when you receive a number  followed by higher than estimated, would lose parity. For today, not to hold  the 1.0038 support will make the crossing to slide up to 1.0012. It depends on the  strength of the loonie whether he will or not until equality. Upward 1.0038 hold on,  could make for a boost up to 1.0050. Once there, the goal will  be located at the top yesterday.</p>
<p style="text-align: justify;"><strong>EUR / JPY (euro against  the yen)</strong> is catching the yen against the euro after the yield in the  last days. Higher, the price could  move back again after closing the gap. The lens is located on  the 128, but also might find some resistance at 127.39. A lower, down more than  the 126.40, it could bring a new slide to the 125.84. A great strength of the  market could look less like the 125.71 media.</p>
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		<title>Euro rebounded after comments from Trichet</title>
		<link>http://www.fxmee.com/blog/forex-daily-report/euro-rebounded-after-comments-from-trichet.html</link>
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		<pubDate>Fri, 09 Apr 2010 12:18:03 +0000</pubDate>
		<dc:creator>Benton Pena</dc:creator>
				<category><![CDATA[Forex Daily Report]]></category>
		<category><![CDATA[Euro]]></category>

		<guid isPermaLink="false">http://www.fxmee.com/blog/?p=35</guid>
		<description><![CDATA[The week is closing note the fiscal situation of central Greece. Earlier today, the president of the European Central Bank (ECB), Jean Claude Trichet, has reconfirmed that the country which will not enter the Euro Zone and not the default suspend payments, making clear the full support of the monetary authority in the country Hellene. [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;">The week is closing note  the fiscal situation of central Greece. Earlier today, the  president of the European Central Bank (ECB), Jean Claude Trichet, has  reconfirmed that the country which will not enter the Euro Zone and not  the default suspend payments, making clear the full support of the  monetary authority in the country Hellene. It is clear that the fall  of Greece would question the economic sustainability of its other  members, so, Trichet&#8217;s words have given a respite to the euro and equity  markets.</p>
<p style="text-align: justify;">The key is to know that  in yesterday&#8217;s Greek Finance Minister Giorgos Papaconstantinou said that  the country will continue to issue debt despite the high rates of  government bonds in that country in the markets. At the conference  yesterday, the Greek bond yields reached 7.32%, its highest ever since  the adoption of the euro by Greece in 2001, because of lingering  concerns about the ability of this country to pay its huge debt . <span id="more-35"></span><br />
On the other hand,  operators expectantly await more details of his meeting the secretary of  the U.S. Treasury, Timothy Geithner, and Vice Premier Wang Qishan, the  special representative of Chinese President Hu Jintao. The reason for the  meeting was the weakening of the Yuan against the U.S. dollar, a  situation that has caused unease in the government of Barack Obama and  that severely undermines international trade in the first world economy.  Recall that the  government of the Asian giant has set its exchange rate at 6.82 yuan per  dollar after the outbreak of the subprime lending crisis in the U.S.. For now, prospects are  that China might let its currency fluctuate after the pressure exerted  by the American country.</p>
<p style="text-align: justify;">Despite the comment  earlier in the meeting today, the Chinese currency has been a fresh  six-month high against the greenback at 6.8239, then increase the  prospects that the Bank of China may revalue its currency. It is important to note  that knowing the intentions of the Central Bank, the yen has lost ground  against the euro, the pound and the dollar.</p>
<p style="text-align: justify;">As to the macroeconomic  agenda, we have known that Germany&#8217;s trade balance has exceeded  expectations in February, a surplus of 12.1 billion euros, while in the  United Kingdom, the Index of producer prices surged input and output 10% and 5% annual rate,  respectively, appreciating the sterling against its main majors. For the remainder of the  session, the most relevant data will be the unemployment rate in Canada  and the U.S. wholesale inventories.</p>
<p style="text-align: justify;">In the securities area,  the main indicators of the Asian region on Friday closed higher, while  the floor of the old continent operates with green numbers after  Trichet&#8217;s words. On Wall Street, U.S.  futures predict a profit logon.</p>
<p style="text-align: justify;">With regard to  commodities, a barrel of light crude West Texas Intermediate (WTI) picks  up after consolidation in 76.4% of fibo drawn between 86.35 and 85.12  dollars. Today, crude is trading  at 86.13 U.S. dollars (+1%) in the House New York Mercantile Exchange  (NYMEX). For the next few hours,  it is estimated that the black gold will rebound in search of a new  daily maximum and then focus on the elevation of 87.00 dollars. In the futures market,  trading in futures maturing &#8216;May 2010&#8242; was 21,000 contracts with a  strike price of 86.27 dollars. However, mindful of the  timetable for &#8220;January 2011&#8243; it rebounded 0.85 points, to trade at 89.56  dollars.</p>
<p style="text-align: justify;"><strong>Levels and key trends: </strong></p>
<p style="text-align: justify;"><strong><br />
EUR / USD (euro against  the dollar):</strong> The euro has made a strong move higher during the morning  after having made a good double bottom in the 1.3342. In these moments, is  located above 1.34, where if you exceed the strong resistance of 1342,  will be directed to the Moving Averages (MM) of 200 days in one hour. A strong movement of the  euro, could find the 1.35, where it should be noted by way of 1.3475. A low, operators will try  to turn the euro as late in 1342, to move towards the 1.33. Overcome and, more  importantly, will consolidate the door open to exceed the annual  minimum. Finally, note the pattern  of the sails of the euro, which indicate very strong bullish.<br />
<strong><br />
USD / JPY (dollar against  the yen):</strong> The pair met yesterday for 92.94 kick and do that right now  is above 93.59. Strengthening this area  will leave the opportunity for seeking a new upward momentum to reach  the monthly maximum. However, finding a strong  resistance at 94. In addition, there will  be forgotten shortly before the 93.8, Level interesting days ago on 15  minute chart. A low, not to hold about  93,589, could lead the pair to the MM 200 days in 15 minutes, overcoming  the pair slid to the floor today. A strong movement of the  Japanese currency could plunge the pair to 93.</p>
<p style="text-align: justify;"><strong>GBP / USD (Pound against  the dollar):</strong> The pound has been found as main resistance maximum 1.5381  in March. It will not be easy to  overcome, and is likely to look before a small correction. The aim will be to  overcome the 1.54 to work toward the 1545. A low, losing support  will be 1.5318, last place to continue thinking about a correction.</p>
<p style="text-align: justify;"><strong>XAU / USD (ounce of gold  against the dollar)</strong> price of the yellow metal is on its way toward the  goal that we have been checking this week of $ 1,170 an ounce. However, it is not  surprising that today make a correction before further seeking new  highs. A low, now might be a  completely updated look bearish if you traced the upward trend since  March 26 in the 4 hour chart.</p>
<p style="text-align: justify;"><strong>Opportunities of the day: </strong></p>
<p style="text-align: justify;"><strong>USD / CAD (Canadian  dollar against the U.S. dollar):</strong> The pair is in parity in the exchange  rate yesterday after GM made 200 days of resistance. It is hoped that the  crossing wait in these environments to the Canadian employment news. Should be better than  expected, it is expected that the pair break the minimum toward the  monthly minimum in May 2008. On the other hand, a  negative outcome would make the loonie rebounded strongly from parity. The aim would be to break  the GM commented. That is, placed on 1.01  can reach up to 1,013.</p>
<p style="text-align: justify;"><strong>EUR / JPY (euro against  the yen):</strong> The pair have to bounce back, yes, not from the clavicle of  the figure upward as expected. He currently is above  125.2, the most important level where you will support the euro to make  new highs month. The goal for today, will  break the 126.18, which if successful will open up to the roof via  Comments. A low, losing the support  of 125.2, again will clear signs of weakness in the currency of the old  continent, which could lead the search for minimum yesterday.</p>
<p style="text-align: justify;"><strong>USD / MXN (Mexican peso  against the U.S. dollars):</strong> the crossing recorded a new low since October  2008, to contribute at this time to 12.18 pesos per dollar. In the market, investors  believe that the American currency could continue to appreciate against  the dollar, with the objective set in the 1200 psychological support. Technically, the  Parabolic SAR provides short input signals, while the RSI is oversold in  an environment in the daily candle chart. However, the crossing has  the prospect of continuing a trend short launched on 8 February, after  registering an annual maximum in 1325 pesos per dollar. In the case of a  technical rebound, resistance to consider is at 12.21 pesos per dollar.</p>
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		<title>Euro loses position after Greece&#8217;s fiscal outlook</title>
		<link>http://www.fxmee.com/blog/forex-daily-report/euro-loses-position-after-greeces-fiscal-outlook.html</link>
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		<pubDate>Thu, 08 Apr 2010 21:02:34 +0000</pubDate>
		<dc:creator>Benton Pena</dc:creator>
				<category><![CDATA[Forex Daily Report]]></category>
		<category><![CDATA[Euro]]></category>

		<guid isPermaLink="false">http://www.fxmee.com/blog/?p=33</guid>
		<description><![CDATA[At the conference today, the eyes will be on three key activities, the Initial jobless in the U.S., that will give us an overview of American labor sector, and decisions on interest rates European Central Bank (ECB) and Bank of England (BoE). Although taken for granted that the ECB will not increase the value of [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;">At the conference today,  the eyes will be on three key activities, the Initial jobless in the  U.S., that will give us an overview of American labor sector, and  decisions on interest rates European Central Bank (ECB) and Bank of England (BoE). Although taken for  granted that the ECB will not increase the value of money, currently at  1%, it is expected the outlook for the monetary authority on the  European economy and the fiscal situation in Greece. With regard to the BoE,  not expected changes in rates (0.5%) although expectant traders await an  increase in the &#8220;Quantitatve Easing Program&#8221;, currently consists of  200,000 million pounds.</p>
<p style="text-align: justify;">Importantly, the euro  continued to depreciate against the greenback, bringing the annual  minimum located at 1.3276, after news a possible suspension of payments  by Greece, as well as the government will help Helen to the country&#8217;s  major banks who have suffered losses  of more than 10,000 million euros. Despite the confirmed  participation of the International Monetary Fund (IMF) in the Greek  rescue plan, the outlook for the member of the bloc remain bleak. <span id="more-33"></span><br />
Among other things, the  Secretary of U.S. Treasury, Timothy Geithner, continues its tour of  China, where the central theme is the weakening of the Yuan. Geithner&#8217;s visit, is the  main reason the U.S. government the need for Asian currency appreciate  against the dollar, key point that wreaks havoc on U.S. international  trade. The reason for the  meeting between Deputy Minister of China and the ultimate authority in  allowing the Treasury will &#8220;float&#8221; the rate of the Renminbi, prior to  the biannual report on U.S. currency, where, unable to find an  agreement, the U.S. could declare China as a manipulator of  currency. For its part, the U.S.  Congress is pressuring the government of Barack Obama to impose high  tariffs on imports of that country and take protectionist measures to  counter unfair competition from China.</p>
<p style="text-align: justify;">So far, we have known  that Australia&#8217;s unemployment rate remained at 5.3% in March, while  Switzerland fell below estimates to be at 4.2%. In Europe, the UK  industrial production has been better than expected, while in the  Eurozone, that industry experienced a contraction to 0% in February,  while the annualized, rebounded to 5.8% when the previous data  was 2.2% in January.</p>
<p style="text-align: justify;">Without more data  relevant to the rest of the session to tomorrow&#8217;s eyes will be on the  trade balance of Germany, the index of producer prices in the UK and the  unemployment rate in Canada.</p>
<p style="text-align: justify;">In the securities field,  the selective in the Asian region closed lower, with losses above 1%,  whereas in Europe, the old continent selective in red after operating  deficit risks in Greece. On Wall Street, U.S.  futures bode parquet start day with losses.</p>
<p style="text-align: justify;">With regard to raw  materials, a barrel of West Texas oil (WTI) is listed at this time to  81.73 dollars on the New York Mercantile House (NYMEX). Since the beginning of  the session, the black gold depreciates 0.54%, registering a 85.82 daily  minimum and a minimum at 85.23 dollars. For the next few hours,  investors estimate the raw material crude could make a retreat to the  floor 85.23 key, then consolidated between 85.46-85.35 dollars. Technically, the  Commodity Channel Index (CCI) is at neutral levels, while the Parabolic  SAR provides short input signals.</p>
<p style="text-align: justify;"><strong>Levels and key trends: </strong></p>
<p style="text-align: justify;"><strong>EUR / USD (euro against  the dollar):</strong> The euro has now lost the barrier of 1.33, however at this  moment is placed on it. The pair could make a  pullback on the 1332 to return to find new lows. The objectives are to  lower the floor in the first year and should make a very strong  movement, could reach 1.3113, the lowest in May 2009. The Bull, once on the  1332, will have to break the downtrend in one hour chart, drawn from the  maximum of 6 April. Once past the barrier of  1.34 is the target for today.</p>
<p style="text-align: justify;"><strong>USD / JPY (dollar against  the yen):</strong> The pair finally could not take the stand yesterday of 93,589  and slipped to 23.6% fibo, which is drawn from the minimum to the  maximum in March-April. During the morning,  having lost even lost even the barrier of 93. It is expected to fall to  38.2% of the decreases next to a very key. Highlight the way the  support area between 92.87/757. The Bull, the first step  is to try and bounce off the area to retrieve back annotated 23.6%.</p>
<p style="text-align: justify;"><strong>GBP / USD (Pound against  the dollar):</strong> The pair is immersed in two significant levels which are  1.5282 and 1.5181. It seems that the pound  will cost 1.53 placed on, so that could have formed a very significant  resistance. However, Moving Averages  (MM) of 200 days in one hour yesterday and today have boosted the price.  If the Bank of England  closed the door to a further increase in the asset purchase program, we  could see an attempt to exceed 1.5282. The next target will be  1.5318. A low, if back down and  meets the 200-day MM commented, is more likely to overcome them. The lens is placed in the  bottom of the range located at 1.5128.<br />
<strong><br />
XAU / USD (ounce of gold  against the dollar):</strong> The yellow metal yesterday exceeded our  expectations by reaching out to $ 1,153 per ounce. The strength of oil  prices is helping to increase inflation risks, making a major push to  gold. It is noteworthy that the  overall objective of the 1170 increase is, however, may seek a  correction before moving higher. The key level can be the  1138.8, which if lost would open the door to a motion seeking the $  1,127.</p>
<p style="text-align: justify;"><strong>Opportunities of the day: </strong></p>
<p style="text-align: justify;"><strong>EUR / GBP (Euro against  the pound):</strong> Looking at the daily chart, you can see how the pound is  moving forward with strength. He currently is on the  support of 0.8751, which if lost will move towards the upward trend in  weekly chart is drawn from a low of 2009 in conjunction with the 2010. As a mainstay, 0866 are  outstanding, double floor area in mid-February. The Bull, commented  levels, are points where players try to build support euro. In case of bounced off  0.8741, the first step is to break the 50-day GM is leading the pair. Once consolidated, it  could look for 0.8812.</p>
<p style="text-align: justify;"><strong>EUR / JPY (euro against  the yen):</strong> The figure of 1 hour shows a correct construction Elliot Wave  ABC clearly has reached moments ago, in contact with the fibo 61.8 in  123.63. The downward force  against the euro is really powerful. The drilling force of  this level, where there is an interesting medium that could withstand  the powerful downward movement to the line of 124.06. The issue is expected to  collect benefits before seeking a new entry in the address. 123.42 is the critical  level of the day lower. Your drilling strength  carried over to the 123.00 price. A dangerous level where  bears might be late with a sharp correction. This correction could be  up to 124.40 in principle, but have to confirm the depletion of the  price.</p>
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		<title>Canadian dollar reaches parity with the Greenback</title>
		<link>http://www.fxmee.com/blog/forex-daily-report/canadian-dollar-reaches-parity-with-the-greenback.html</link>
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		<pubDate>Wed, 07 Apr 2010 03:45:35 +0000</pubDate>
		<dc:creator>Benton Pena</dc:creator>
				<category><![CDATA[Forex Daily Report]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[Greenback]]></category>

		<guid isPermaLink="false">http://www.fxmee.com/blog/?p=32</guid>
		<description><![CDATA[The Euro yield positions against the U.S. dollar at the prospect that Greece may not be able to meet the requirements of the Euro and the International Monetary Fund (IMF) to slash its high fiscal deficit. It is important to be aware of the ads that may come from the Hellenic country in the coming [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;">The Euro yield positions  against the U.S. dollar at the prospect that Greece may not be able to  meet the requirements of the Euro and the International Monetary Fund  (IMF) to slash its high fiscal deficit. It is important to be  aware of the ads that may come from the Hellenic country in the coming  days due to the arrival of two members of the IMF to inspect the tax  reform and tax. It is the first visit by  the agency after signing the agreement between the European Commission,  IMF and Greece.</p>
<p style="text-align: justify;">Also, remember that this  month Greece this month plans to launch a multimillion-dollar bond issue  denominated in dollars, which will range between 5,000 million and  10,000 million, for which the country will be presented to investors  across the Atlantic as an emerging economy following the decline of  interest in Europe by helena debt. The manager will manage  the operation after Morgan Stanley Goldman Sachs plans to place bonds  Greeks among U.S. and Asian investors become frustrated by rumors of  China&#8217;s rejection of Greece taking on debt. Greek debt issuance in  the United States marks the first such operation carried out by Greece  in nearly two years and forms part of government efforts to address the  maturities of its debt by next May, amounting to about 10,000 million euros. <span id="more-32"></span><br />
Faced with the loss of  interest among European investors, Athens aims to attract investors  specializing in emerging markets, seeking higher returns on purchases of  debt. In January, Greece  managed to capture the interest of investors in a volume of up to 25,000  million euros in the first debt issue in the country in 2010, while in  the last issue, held in late March, the demand just reached 6000 million euros.</p>
<p style="text-align: justify;">Among other things,  during the evening session, we knew that the Australian Central Bank  (RBA) has raised interest rates 25 basis points to locate the value of  money at 4.25%. Importantly, both the  Aussie, as the loonie, are the currencies linked to commodities with  more success in Forex, after experiencing strengthening their economies.  At the time of the RBA&#8217;s  announcement on rates, the Australian dollar appreciated 85 pips against  the greenback. For their part, have also  reported the results of the Consumer Price Index (CPI) of Switzerland,  which remained in line with expectations, while in the United Kingdom  have published good results of the March construction PMI.</p>
<p style="text-align: justify;">For the next few hours,  all eyes will focus on the minutes of the last meeting of the U.S.  Federal Reserve (FED), the Consumer Confidence ABC / Washington Post and  the API weekly oil inventories also in the American country. During the Asian session,  we will know the Nationwide Consumer Confidence in the UK and the  decision on interest rates from the Bank of Japan (BoJ).</p>
<p style="text-align: justify;">In the securities area,  the main indicators of the Asian region have closed the day higher, with  the exception of Japan&#8217;s Nikkei 225 index, after the operators made a  &#8220;take profit&#8221; after recording the maximum of 18 months during the last  days . In Europe, the old  continent selective operating in green, while on Wall Street, U.S.  futures foretell an early session losses.<br />
With regard to raw  materials, a barrel of West Texas oil (WTI) was trading at 86.41 U.S.  dollars moments ago in the House New York Mercantile Exchange (NYMEX). Since the beginning of  the session, the black gold depreciates 0.32%, registering a daily  minimum at 86.14 dollars. However, despite the  pullback held today, we must remember that these days both crude  recorded the highest 17 months after increasing the demand for oil as a  favorable alternative investment by operators. Mindful that in the event  of exceeding the floor of 86.31 intraday, the commodity has the  prospect of consolidation with the previously mentioned minimum.</p>
<p style="text-align: justify;"><strong>Levels and key trends: </strong></p>
<p style="text-align: justify;"><strong>EUR / USD (euro against  the dollar):</strong> The dollar has made new lows month after losing definitely  the barrier of 1.3475 dollars per euro. At the moment, seems to  be making a pullback on 1.3434 to find the 1.34. This point will be key,  because if he loses, it could slide to the annual minimum and may find  support at 1.33. The Bull, the 1.34 is a  good place to start climbing. The first step is to  recover the 1.3434. Once there, try to pull  himself up to intraday highs, bearing in mind that you will find  resistance at 1.3475.</p>
<p style="text-align: justify;"><strong>USD / JPY (dollar against  the yen):</strong> The pair have met with strong resistance before reaching the  95 yen per dollar. At the moment, has lost  the 94 barrier, which could lead him up to 93.65, an area where, on  Friday launched. A strong movement of the  yen could reach 93,324, where he will meet with the MM 200 days in one  hour chart. The Bull, the first step  is to recover the 94 possible pullback area bassist and breaking point  on Friday. If it stays on top, the  first objective will be 94.37, before attempting to attack the monthly  maximum.</p>
<p style="text-align: justify;"><strong>GBP / USD (Pound against  the dollar):</strong> The pound yesterday found a strong resistance at 1.5318, a  level last week and noted. European overnight has  finished close the gap that opened the week. It has also lost support  last week&#8217;s decline to 1.5128. At this point, the pair  could seek support for turning in search of 1.5181. Once there, could  re-promoted until 1524. A low, losing the support  of 1.5128, would a free up to 1.5044. Although, by the way may  slow in 1.51, which coincide with Moving Averages (MM) of 200 days in  one hour chart.</p>
<p style="text-align: justify;"><strong>XAU / USD (ounce of gold  against the dollar): </strong>The pair has found a strong double top at 1133.8  after promoted from 1119.2, an area that today could come into play. This is the level where  it could start again promoted, looking for the maximum commented. However, the pair has  slowed in 1123, where there is the noise of the market. A downward slide of  1119.2, the GM will reach 200 days of an hour lying in the strong  resistance of $ 1,115 per ounce.<br />
Opportunities of the day:</p>
<p style="text-align: justify;"><strong>USD / CAD (Canadian  dollar against the U.S. dollar):</strong> The pair have reached parity in the  exchange rate you had been looking for. It is a key point, but if  you are going to look beyond the 0.9822. However, before seeking  that level would be expected to be announced Friday employment data. If seeking a rebound  today, the first step will be positioned above the 1.0012, and once  there, the highest of the day is the goal. There will be attentive  to the evolution of oil, which if it continues to set new annual highs,  could make the loonie quote below par.</p>
<p style="text-align: justify;"><strong>EUR / JPY (euro against  the yen):</strong> The pair started the day lower with a strong tendency that  seeks to contact the 38.2 level, placed at 125.26. Probably profit taking  after rising more than a week by the weak against the dollar has played  his trump card so early in the movement. However, now looking for  clavicular line of &#8220;Shoulder, Head, Shoulder,&#8221; which is located at  around 125.56. Do not rule out an attack  fibo 38.2 (125.25) that, in principle, should not consolidate for 2  reasons: the first is the depletion mid-range daily volatility, the  second is the control area as a pronounced minimum 31 days March at 14:00 CET. Thus, an attack below  125.56 could lead instead to a naked candle with a large lower shadow. The consolidation,  effective closure is below this level, we would rethink the strategy  bassist. Upward trend remains  strong even in today expect little movement in the direction. However, guided by the  figure of change &#8220;Shoulder, head, shoulders, should be aimed upward at  128.05.</p>
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		<title>Euro lost positions against the Dollar</title>
		<link>http://www.fxmee.com/blog/forex-daily-report/euro-lost-positions-against-dollar.html</link>
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		<pubDate>Mon, 05 Apr 2010 14:14:39 +0000</pubDate>
		<dc:creator>Benton Pena</dc:creator>
				<category><![CDATA[Forex Daily Report]]></category>
		<category><![CDATA[EURUSD]]></category>

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		<description><![CDATA[The week began full of news, especially the good results in the U.S. unemployment rate last Friday, which remained stable at 9.7%, while in non-farm payrolls (Payrolls) increased by 162,000 jobs, the highest of the last three years. Furthermore, we observed that the Swiss franc has lost ground against the euro and the dollar, after [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;">The week began full of  news, especially the good results in the U.S. unemployment rate last  Friday, which remained stable at 9.7%, while in non-farm payrolls  (Payrolls) increased by 162,000 jobs, the highest of the last three  years. Furthermore, we observed  that the Swiss franc has lost ground against the euro and the dollar,  after rumors of a possible intervention by the Swiss National Bank (SNB)  to stop the rally of the Swiss currency. Among other things,  continuing political tensions between China and the United States due to  the strengthening of the yuan. Repeatedly recall that  U.S. President Barack Obama has asked his Chinese counterpart a  softening of its currency with no response so far. For its part, the  Treasury secretary, Timothy Geithner, decided early Sunday to postpone  the publication of its report on exchange rate policy, which presumably  certify that China manipulates its currency to keep it fixed to the  dollar. Importantly, U.S.  manufacturers say the yuan is overvalued by up to 40% and that this is  one reason why there is the huge trade deficit.</p>
<p style="text-align: justify;">Although the European  market will be inactive in the meeting today, eyes will be across the  ocean, highlighting the ISM non-manufacturing and pending home sales in  the U.S.. <span id="more-31"></span></p>
<p style="text-align: justify;">For this week, the most  relevant macroeconomic activities will be the decision on interest rates  in the Australian Central Bank (RBA), the Bank of Japan (BoJ), the Bank  of England (BoE) and European Central Bank (ECB) Minutes of the Open  Market Committee of the U.S. Federal Reserve (FED) and the Gross  Domestic Product (GDP) of the Euro Zone.</p>
<p style="text-align: justify;">In the securities area,  the main indicators of the Asian region closed on Monday led by rising  U.S. unemployment data In Europe, the market  will be closed, while on Wall Street, U.S. futures bode parquet start  day with green numbers.<br />
With regard to raw  materials, a barrel of West Texas oil (WTI) is listed at this time to  85.39 dollars on the New York Mercantile House (NYMEX). On the technical side,  the black gold of more than 61.8% fibo drawn between 84.59 and 85.84  dollars, focusing on the ceiling of 85.59, while the low, medium to  consider is in the 85.29 dollars. For the next few hours,  investors believe crude could go for the highest recorded on 4 April at  85.84 dollars.</p>
<p style="text-align: justify;"><strong>Levels and key trends: </strong></p>
<p style="text-align: justify;"><strong>EUR / USD (euro against  the dollar)</strong> strengthens the crossing between the MM and 50 days pvot  point of 1.3471, after depreciating in the meeting today 75 pips. Technically, the  Bollinger Bands are experiencing volatility of 65 pips on the hour,  while the Relative Strength Index (RSI) of 14 periods is located close  to 50 points. In the candle chart than 4  hours, the Spot is located within the Ichimoku kumo as traders await an  interception between fast and slow average. According to ADX, the  parity signals the start of a weak trend, while the Parabolic SAR  provides short input signals. Depending on the outcome  of U.S. non-manufacturing ISM, the greenback could move positions  against the euro, with probabilities of an attack on 1.3441 support.</p>
<p style="text-align: justify;"><strong>GBP / USD (Pound against  the dollar)</strong> after recording a minimum monthly 1.4820 on March 25, the  cable picks up 475 pips so far. Currently, it takes  dollars to buy 1.5234 a pound. In the 1 hour chart, the  pair has the prospect of going in search of the floor at 1.5186 if it  can overcome the pivot point located at 1.5225 dollars per pound. According to Bollinger  Bands, the crossing experience little volatility in the hour, indicating  a possible reaction, while the MACD sell signals could provide in the  coming hours. In the 4 hour chart, the  price has just broken the 38.2% short of the last movement, while the  cloud of Ichimoku confirms the upward trend of recent days. Finally, the MM of 50  days is below the spot and the Bulls are in positive territory,  indicating time of entry into long.</p>
<p style="text-align: justify;"><strong>USD / JPY (dollar against  the yen):</strong> the junction operates in lateral trend, trading at 94.50 yen  per dollar. No relevant data for the  rest of the day, we must be attentive to the drilling of the resistance  of 94.61 and 94.44 support that could provide excellent opportunities  for trading. According to RSI, the  turn is on neutral ground, whereas Bollinger Bands are experiencing a  volatility of only 25 pips on the hour. According to the MFI of  14 periods, the pair is close to the overbought, while the MM 50 days  are below the price and the Bulls in positive territory. Finally, the Parabolic  SAR provides long input signals.</p>
<p style="text-align: justify;"><strong>XAU / USD (ounce of gold  against the dollar)</strong> is crucial that we focus our attention to the  ceiling of $ 1,127.4 an ounce, a level to overcome it, could give him  enough momentum to the precious metal to go in search of the maximum  monthly in 1140 , 70. However, no drill, the  crossing could make a pullback to the pivot point of $ 1,123.4 an ounce.  In the chart with candles  1 hour, 20-ITC is in clear term oversold while the Parabolic SAR  provides short input signals. For the next few hours,  the XAU could benefit from the operators&#8217; demand for raw materials.</p>
<p style="text-align: justify;"><strong>Opportunities of the day: </strong></p>
<p style="text-align: justify;"><strong>USD / CAD (Canadian  dollar against the U.S. dollar):</strong> the loonie continues to move forward  positions against the greenback, registering an annual record low  1.0051. If the Canadian currency  keeps rising against the greenback, marking a new goal should bear the  0.9983, the lowest since July 17, 2008. Since 26 March, the  crossing is weakened driven by a rebound in commodity prices,  depreciating far 235 pips. In the case of making a  turn upward, the next resistance is at 1.0074 Canadian dollars per U.S.  dollar. On the technical side,  the narrow Bollinger Bands, indicating low volatility at the time, while  the 14 period RSI is in oversold clear. Finally, the MM 50 days  are located above the crossing and the Bears are in negative territory,  providing input signals shorter, while the Ichimoku kumo confirms the  downtrend in the pair.</p>
<p style="text-align: justify;"><strong>USD / MXN (Mexican peso  against the U.S. dollars)</strong> recorded the minimum crossing since October  2008, trading at this time to 12.28 pesos per dollar. Technically, the price  pierces the lower Bollinger band, indicating a possible correction to  the middle band, while the 14 period RSI is in oversold environment. A low, the next goal is  in the 1200, while rising, the next resistance is at 12.29. For the next few hours,  operators estimate that the weight could reverse gains made in the day,  after Mexico recorded the largest earthquake in the last 7 years, which  could generate sales of American currency.</p>
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		<title>Euro recovers losses against the dollar</title>
		<link>http://www.fxmee.com/blog/forex-daily-report/euro-recovers-losses-against-the-dollar.html</link>
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		<pubDate>Wed, 31 Mar 2010 18:44:42 +0000</pubDate>
		<dc:creator>Benton Pena</dc:creator>
				<category><![CDATA[Forex Daily Report]]></category>
		<category><![CDATA[Dollar]]></category>
		<category><![CDATA[Euro]]></category>

		<guid isPermaLink="false">http://www.fxmee.com/blog/?p=30</guid>
		<description><![CDATA[Completing the first quarter of 2010, we observed that the euro recovered from losses in the day yesterday following the announcement that the unemployment rate of Germany and the Consumer Price Index (CPI) for the Euro Zone have exceeded expectations. Among other things, the yen depreciated to the minimum of 8 weeks against the euro, [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;">Completing the first  quarter of 2010, we observed that the euro recovered from losses in the  day yesterday following the announcement that the unemployment rate of  Germany and the Consumer Price Index (CPI) for the Euro Zone have  exceeded expectations. Among other things, the  yen depreciated to the minimum of 8 weeks against the euro, at the  prospect of a recovery in the U.S. labor sector, which would require  less active and more foreign refuge high interest rate. So far, we have known  that housing construction permits in Australia have recorded a  contraction of 3.3% in February, while in Japan, the manufacturing PMI  rebounded strongly to the 52.4 points, indicating a clear expansion of  the steel industry . In New Zealand, kiwi  depreciates against major majors, after business confidence weakened in  March, due to uncertainties around the major world powers.</p>
<p style="text-align: justify;">As mentioned earlier,  Germany&#8217;s unemployment rate stood at 8%, when the previous data was  8.1%, while in the Eurozone, the CPI annual preliminary exceeded  previous estimates, an increase of 1.5 % when the expected  figure was 1.1%. <span id="more-30"></span></p>
<p style="text-align: justify;">For the next few hours,  operators expectantly await the results of the ADP Employment Change,  the Chicago PMI purchasing, factory orders and inventories of oil in the  U.S., while in Canada, the loonie will be key to data Gross Domestic Product  (GDP) in January.</p>
<p style="text-align: justify;">In the securities area,  the equity markets in Asia ended the day down (-0.6%) after a &#8220;take  profit&#8221; by the operators, after increasing concerns around economic  stability Euro Zone. In Europe, operating the  old continent selective upward slightly at the prospect of ADP  employment data in EEU.UU, while on Wall Street, Americans anticipate a  future session start with losses at the end of 1Q 2010.</p>
<p style="text-align: justify;">With regard to raw  materials, a barrel of West Texas oil (WTI) recorded a new high in two  weeks, trading at 82.81 dollars on the New York Mercantile House  (NYMEX). The reasons for the  increases are the good results of the API in U.S. Inventories and widespread increases  in commodities, benefiting the black gold to the dollar. Attentive to the upside,  the key objective is the elevation of 83.00, double roof and rebound  potential bearish zone, while lower, considering the support is at 82.41  dollars. In the futures market,  contracts with maturity &#8220;May 2010&#8243; have a high operational, with 19,247  contracts traded so far. At this time, slight  barrel trading at 82.83 U.S. dollars (+0.4), while Call and Put Options  remain unchanged so far.</p>
<p style="text-align: justify;"><strong>Levels and key trends: </strong></p>
<p style="text-align: justify;"><strong>EUR / USD (euro against  the dollar):</strong> The pair stopped at 1.3536 yesterday to send the price to  1.34 dollars per euro. Today he tried, after  making a pullback on 1.3434, breaking the 1.34. In this area, has formed a  good support for drilling 1.3435 and head highs yesterday. So far has found  resistance at 1.3474. Before reaching the said  goal, we must highlight the barrier of 1.35. A strong movement of the  euro it could help up to the 1.3570, the roof last week. A low, we must be  attentive to the 1.35 and 1.3559, points where you could turn the couple  looking for 1.3435.</p>
<p style="text-align: justify;"><strong>USD / JPY (dollar against  the yen)</strong> last week made a big move upward to break the downtrend in  place since June 2007. He started the week  holding bracket (92,407) more important to consolidate the break. Yesterday he broke the  92.96 to meet the 93,774. If you continue with the  same direction as the pair could help up to the roof of 2010 located in  the 93,774. If you exceed the 94.12  is the next stop. A low, losing the 93  barrier, slide the pair to split the downtrend looking for 91,755. However, it could stop  again in the 92,407.</p>
<p style="text-align: justify;"><strong>GBP / USD (Pound against  the dollar):</strong> The pound was a strong resistance at 1.5114, which slowed  the upward aspirations. However, it can draw on  the graph of an hour a bullish channel that for the time being respected  to perfection, and sent the pair to the 61.8 fibo, drawn from 1.5832 up  to 1.48. The most significant  movement has broken the downtrend that was in place since the beginning  of the year. Therefore, before moving  higher, a pullback could do about it. A low, operators try to  stop the dollar in daily chart the daily candle as a simple expansion. This will require  breaking the 1.5114.</p>
<p style="text-align: justify;"><strong>XAU / USD (ounce of gold  against the dollar):</strong> The price of the yellow metal is in the target set  by breaking the last resistance. This level, around the $  1,111 is the price level of control as they once passed with some force  could reach $ 1,120 an ounce. It must be extremely  careful at these levels because the price may go back to rely on the  immediate support located in the $ 1,104. After breaking that level  would have to break the upward guideline for further decline, but the  level of $ 1,100 has been tested several times to no avail. Therefore, it should be  very careful with the levels of 1115 and 1102 which, if drilled and  broken respectively could provide clues to the direction of the wreck</p>
<p style="text-align: justify;"><strong>Opportunities of the day: </strong></p>
<p style="text-align: justify;"><strong>USD / CAD (Canadian  dollar against the U.S. dollar):</strong> It is hoped that the crossing will  generate a significant routes during the day. In Canada, published the  GDP, where expectations by improving the 1.0147 break, to work toward  the monthly minimum. If the dollar is very  weak during the day today, could break the ground said to get even  closer to parity. Upward, we must pay  attention to the ADP employment report, which could encourage  speculation about a strong farm payroll figure on Friday. In this case, moving  averages (MM) of 200 days at a time, where your piercing look short  trend drawn from the end of March.</p>
<p style="text-align: justify;"><strong>GBP / JPY (pound against  the yen):</strong> The pair has broken resistance of 139.33, former monthly  maximum. In case you keep making  new highs month, could find the 143, a good place to take a break. Along the way are  outstanding 141.71 and 142.04, areas in the second half of February were  interesting resistances. Finally, note the 141, as  a good area to be promoted again. A low, losing 141, the  pair could slip towards 140.42.</p>
<p style="text-align: justify;"><strong>AUD / USD (Australian  dollar against the U.S. dollar):</strong> The pair has found a good support in  the area we scored yesterday in the MM 200 days in one hour. Now, we see that the RSI  is in neutral zone, so it could begin again to make new highs. The lens is located on  the roof yesterday, because if it exceeds, it could steer towards  0.9252, the highest March. A low, losing the support  of 0.9137, the pair slip towards 0.90. Along the way, there are  the significant media located in the 0.9114 and U.S. $ 0.9064 per  Australian dollar.</p>
<p style="text-align: justify;"><strong>EUR / CHF (Euro against  the French):</strong> Continue short stroke, depreciating 40 pips so far, after  increasing the demand for the Swiss currency as the value of refuge. Currently, it takes  1.4283 francs to buy a euro. On the technical side,  traders await a correction to the 1.4260, to enter long position in the  target 1.4296. On the technical side,  Bollinger bands experience a volatility of 40 pips, while the RSI of 14  journalists are in an environment of overbooking. For the next few hours,  watch for announcements of a possible intervention by the SNB to weaken  the franc.</p>
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		<title>Great Australian dollar operation</title>
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		<pubDate>Tue, 30 Mar 2010 13:45:06 +0000</pubDate>
		<dc:creator>Benton Pena</dc:creator>
				<category><![CDATA[Forex]]></category>
		<category><![CDATA[Ausie]]></category>
		<category><![CDATA[Dollar]]></category>

		<guid isPermaLink="false">http://www.fxmee.com/blog/?p=28</guid>
		<description><![CDATA[The demand for risky assets still on the market, increasing the feeling &#8220;bullish&#8221; between the operators, after the sale of bonds to 7 years Greece has been a success and after the prospects for employment data due on Friday in the United States reflect a recovery in the labor sector. So far, we see how [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;">The demand for risky  assets still on the market, increasing the feeling &#8220;bullish&#8221; between the  operators, after the sale of bonds to 7 years Greece has been a success  and after the prospects for employment data due on Friday in the United  States reflect a recovery in the labor sector. So far, we see how the  euro, sterling and the currencies of high interest rate as the Aussie  and kiwi benefit of this trend, being higher still, the AUD rally,  increasing the prospects of a possible rise in interest rates on 6  April. So far, we have learned  that the February industrial production in Japan has been a contraction  of 0.9% in China after the Lunar New Year began, weakening exports  Nipponese, while in Switzerland, the Index of UBS consumption has  exceeded expectations. Despite the above, the  most relevant was the Gross Domestic Product (GDP) and annualized  quarterly UK. According to the National  Statistics Agency, the UK economy registered a contraction of 3.1%  annualized rate, when the previous figure was -5.9%, while the quarterly  GDP grew 0.4 %. <span id="more-28"></span></p>
<p style="text-align: justify;">For the rest of the  session, all eyes will be on consumer confidence and the housing price  index S &amp; P / Case &#8211; Shiller, while in Canada know the prices of  industrial production February. Tomorrow Wednesday, the  most important are the Gfk consumer confidence from United Kingdom,  Japan manufacturing PMI and Building Permits in New Zealand during the  evening session, while in Europe, the eyes will be on the rate unemployment in Germany  and the Euro Zone CPI. Across the ocean,  continuing the battery of macroeconomic data, we will know the Canadian  monthly GDP, ADP Employment Change, the Chicago manufacturing PMI,  factory orders in February and the weekly petroleum inventories in the  U.S..<br />
In stock level, the  European selective record highs of 18 months after the surge in mining  stocks. However, mindful that an  estimated risk that an agency could cut American credit rating of  France, after increasing the suspicions of an &#8220;excessive deficit&#8221; in the  economy fiscal gala. Recall that in 2009,  France closed with a deficit equivalent to 7.9% of GDP. In Asia, the region  selective closed green numbers, while Wall Street U.S. futures predict a  profit logon.</p>
<p style="text-align: justify;">With regard to raw  materials, crude oil makes fabulous pullback, after registering on the  day up in 82.72 dollars. Currently, a barrel of  West Texas Oil (WTI) traded at 82.04 dollars, so far depreciated 68  cents, in the House New York Mercantile Exchange (NYMEX). Mindful that in these  moments, the pair has just broken up with the double floor located in  82.05, leaving the way open for an attack to target the 81.22 bearish  dollars. However, in the case of  making a turn upward, resistance to consider is in the 82.45 dollars. For the next few hours,  investors are waiting expectantly Inventories API oil in the case of  recording a further increase could further weaken the black gold.</p>
<p style="text-align: justify;"><strong>Levels and key trends: </strong></p>
<p style="text-align: justify;"><strong>EUR / USD (euro /  dollar):</strong> The pair have met strong resistance on 1.3536 which has led to  the Pivot Point is located in the 1.3472 day, the area where the couple  could begin to make new highs. The upward target is  located in 1357, the maximum last week. A low, one must bear in  mind that if you lose the 1.3472, the pair could slip up to 1.34,  highlighting the way the minimum and 1.3434 yesterday.</p>
<p style="text-align: justify;"><strong>USD / JPY (dollar / yen)</strong> last week made a big move upward to break the downtrend in place since  June 2007. On Friday endured the  support (92,407) more important for closing the candle above the weekly  trend. If you continue with the  same direction, the first resistance is located in 92.96, the highest  last week. If overcome, the pair  could help up to the roof of 2010 located in the 93,774. By the way, we must  stress the 93,481. Finally we must stress  the pullback that could have made par on the short trend during the  European morning. A low, said losing the  support of 92,407, slip the couple to split the downtrend for the  91,755.</p>
<p style="text-align: justify;"><strong>GBP / USD (pound against  the dollar):</strong> The sterling has managed to return to operating above the  1.5 dollars per pound. Having also drilled  200-day Moving Averages hour, is directed towards 1.5114. Along the way we must  stress the fibo 50, drawn from 1.5382 up to 1.48. For the moment seems to  have found resistance at the fibo said. Higher, levels exceeded  once commented, with the 61.8 fibo resistance will try to endure. A low, Fibonacci levels  are interesting areas to see a shift in the pair. Back to 1.50 will lose  the target. On daily chart shows a  downtrend since the beginning of the year could come into play today.</p>
<p style="text-align: justify;"><strong>XAU / USD (ounce of gold  against the dollar):</strong> The 4-hour chart shows a good overview of the  evolution of the yellow metal. At the moment, is in the  process of consolidation of $ 1109. If You continue to rise,  must overcome the most of yesterday in the first instance, with the goal  at the same point yesterday, the $ 1127. It could delay the  movement until the $ 1133. The low resistance of  1115 seem quite significant and could send the couple in search of the  monthly minimum. However, it will have to  overcome 1109/6.2 area, which has worked very well days ago. Finally, add the barrier  of 1100.</p>
<p style="text-align: justify;"><strong>Opportunities of the day: </strong></p>
<p style="text-align: justify;"><strong>USD / CHF (dollar / Swiss  franc): </strong>The 4 hour chart can be viewed as the pair is in an uptrend and  a bassist, which form a triangular figure. That is, could break  strongly for either side. If either the low, 1.05  is the objective, the least February. Along the way it should  be noted lows from yesterday and today, and later, 1.0545, rebounding  potential bullish zone. Upwards, the roof of  March will be the target, since it heading towards the annual maximum  events in February. However, at short notice  to consider levels are 1.0691 and 1.0752.</p>
<p style="text-align: justify;"><strong>EUR / JPY (euro against  the yen):</strong> On the daily chart you can see a figure in a &#8220;shoulder, head,  shoulder, neck bearing located in 125.2. Therefore, this level  will be key to continue seeing an upward movement in the pair. The upward target is  located on 130.85, but could slow in the 127, the highest February. A low, traders will short  the yen on 125.2, to send the pair to the shoulder of the figure  commented located in 121.7. In one hour chart, we  must take into account the 124.18 before seeing strong sales could slip  the torque to 123, where are located the MM 200 days.</p>
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