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Messages - Hemant
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201
« on: March 22, 2011, 11:00:24 pm »
Metal Commodities: Factors to watch on March 22Reuters) - Gold prices rose on Tuesday as investors bought the metal as a guard against risk as tensions grew in the Middle East after U.N.-mandated air strikes on Libya and as protection from inflation with oil holding near $115 a barrel. Source: Metal Commodities: Factors to watch on March 22
202
« on: March 22, 2011, 11:06:45 am »
Petrobras May Double Oil Reserves in 5 Years According to CEO GabrielliPetroleo Brasileiro SA (PETR4), Brazil?s state-controlled oil company, can ?easily? double its 15 billion barrels of proven oil reserves in four to five years, Chief Executive Officer Jose Sergio Gabrielli said. Source: Petrobras May Double Oil Reserves in 5 Years According to CEO Gabrielli
203
« on: March 22, 2011, 05:00:35 am »
New Zealand Dollar Rises on IMF CommentThe New Zealand currency rose versus a number of the 16 most traded currencies in forex markets today after the International Monetary Fund commented on the nation's financial policies. The Kiwi dollar profited also as commodities, one of the key-exports in the nation rose worldwide, benefiting also from an IMF comment saying that interest rates in the country may have to be hiked relatively quickly, as the economy recovers. Source: New Zealand Dollar Rises on IMF Comment
204
« on: March 21, 2011, 05:10:51 pm »
Oil Flirting with 1-Year High on Libya BombingsThe oil continue its strong bullish pattern in the beginning of this Tuesday and the situation seems far from having a happy ending in Libya, as well as revolts continue to spread out around Middle Eastern nations. Oil supplies from Libya may be temporarily reduced to zero, depending how the situation deteriorates in the country. Protests in Yemen and Syria are also contributing for a high amount of concerns regarding oil supplies, forcing the crude barrel prices up globally. Source: Oil Flirting with 1-Year High on Libya Bombings
205
« on: March 21, 2011, 05:03:34 am »
European Stocks Profit on UN Attack, Japan's Easing PressureMost of European stock markets started this weekly session with a bullish pattern as several international events led European traders to regain confidence in market's stability. After the UN strikes in Libya to prevent Qaddafi from killing civilians which oppose to his regime, the situation cooled down in the country as his air force was neutralized. The situation in Japan also cooperate for European stocks to rise, as the risk of further devastation in the country starts to decrease. Source: European Stocks Profit on UN Attack, Japan's Easing Pressure
206
« on: March 20, 2011, 05:06:44 pm »
EUR/JPY Weekly outlook 21 March - 25 March 2011With the tragic earthquake and tsunami playing havoc on the Yen last week it was very difficult to trade. Similarly to most Yen pair?s strength seen early in the week was soon balanced out after the Japanese intervention. Source: EUR/JPY Weekly outlook 21 March - 25 March 2011
207
« on: March 20, 2011, 11:00:31 am »
Saudi And Chinese Deal to Build Oil Refinery in YunnanSaudi Aramco and China National Petroleum Corp. agreed to build a 200,000 barrel-a-day refinery in southern China as producers seek to meet rising fuel demand in the world?s fastest-growing major economy. Source: Saudi And Chinese Deal to Build Oil Refinery in Yunnan
208
« on: March 20, 2011, 05:00:23 am »
AUD/USD Analysis 18 March 2011For much of this year the Aussie has been hovering around and bouncing off parity producing a very choppy market. Using late Decembers highs with early Januarys lows we can see a triangle pattern has formed on the pair. The market finally broke out of this 2 ½ month triangle to the low side earlier this week, also breaking though parity quite comfortably making new 2011 lows. We?re starting to pull back and would expect resistance to show itself at parity or the lower trend line of the triangle. Source: AUD/USD Analysis 18 March 2011
209
« on: March 19, 2011, 05:08:21 pm »
Gold Climbs Wining Streak on Libya's TensionThe gold is once again flirting with its previous all-time record as the situation in Libya deteriorates and the international community decided to use force in an attempt to stabilize the situation. After the United Nations Security Council authorized the use of force against Qaddafi's troops to protect Libyan civilians, the bullion rose for a third day in London, as multiple events have been pushing investors towards safety this year in trading markets. Source: Gold Climbs Wining Streak on Libya's Tension
210
« on: March 19, 2011, 05:09:18 am »
Yen Falls on International Effort to Control RallyThe yen, which saw its rates skyrocket after a massive repatriation of funds to Japan, fell today as a massive international plan was orchestrated to control the Japanese currency advance. The G7, a group which sums up the world's most influential political and financial powers stated that will take measures and support Japan to control its currency advance, easing the pressure on the yen which posted the sharpest fall in two years today. Source: Yen Falls on International Effort to Control Rally
211
« on: March 18, 2011, 05:03:47 pm »
Canadian Dollar Profits on National Data, OilAfter one of the worst week start for the loonie until this Wednesday, the Canadian dollar rose again as both national data as well as the oil markets pushed the North American currency up in forex markets. Canadian whole sales rose much beyond expectations for data released last month, and after the G-7 announced a plan to aid Japan combined with a UN decision to bomb Qaddafi's troops forcing the crude up, Canada's dollar found a perfect scenario to climb versus of the main traded currencies in forex markets today. Source: Canadian Dollar Profits on National Data, Oil
212
« on: March 18, 2011, 11:00:05 am »
UN Incoming Attack on Libya Pushes Crude UpThe oil had its future prices leveled up as well as forecasts that indicate higher prices, after the United Nations Security Council approved a No-Fly zone in Libya and its likely to strike in the following hours. After weeks of delay on taking a decision regarding the Libyan crisis and the deaths of hundreds of civilians, finally the UN Security Council approved an air attack which is likely to be led by France to prevent Qaddafi's forces to exterminate a number of civilians hosted in the cities controlled by rebels Source: UN Incoming Attack on Libya Pushes Crude Up
213
« on: March 17, 2011, 11:07:15 pm »
Canadian Dollar Has Worst Weeks in Months on Market SentimentAfter witnessing a strong rally fueled by an uprise in oil rates due to unrests in Middle East and general risk appetite among traders, the loonie declined versus most of its counterparts as this week's scenario hasn't been so positive for the Canadian currecy. The Canadian currency declined for a third consecutive day yesterday during the North American market hours and is poised to continue its downfall today as the oil, one of the countries major exports declines, followed also by a strong sentiment of risk aversion triggered by Japan's quake and its financial consequences. Source: Canadian Dollar Has Worst Weeks in Months on Market Sentiment
214
« on: March 17, 2011, 05:01:34 pm »
Euro Currency Test as Spain Attempts Major Bond SaleThe euro had been climbing considerably during the past months, specially versus the greenback, but a revival in some of its members decreased attractiveness, as public debt fails to narrow, forced the bloc's central bank to unveil a new bond selling plan to rescue the zone's confidence among traders. Spain will put on sale today as 4.5 billion euros ($6.3 billion) of 30-year debt and 10-year securities, being that the first test on whether investors are willing to bet once again in the Eurozone's weak links, and the outcome of this sale will certainly drive the euro currency to a new trend in forex markets. Source: Euro Currency Test as Spain Attempts Major Bond Sale
215
« on: March 17, 2011, 05:17:45 am »
Oil Forecast: Climb Further on Libya's Deteriorating CrisisSeveral banks and economists are forecasting the oil to traded even further high, as the situation in Libya seems far from being solved, adding pressure to energy markets globally.
As the international community fails to bring a solution for the Qaddafi verus rebels civil war in Libya, the oil is likely to see its rates climbing even further, according to the general opinion among traders and economists, as no evident solution seem clear and available to end the conflict in the country ruled by a dictatorship for the past decades. Source: Oil Forecast: Climb Further on Libya's Deteriorating Crisis
216
« on: March 17, 2011, 05:02:49 am »
AUD/USD Daily OutlookAUD/USD drops to as low as 0.9704 so far and the break of 0.9803 support affirms the case of medium term reversal. Intraday bias remains on the downside and deeper decline should be seen to 0.9536 key support level next. On the upside, above 0.9962 resistance is needed to indicate<img src=" http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/F5r8n8y3__Y" height="1" width="1"/> Source: AUD/USD Daily Outlook
217
« on: March 16, 2011, 11:01:07 pm »
USD/CHF Mid-Day OutlookIntraday bias in USD/CHF remains on the downside for the moment and the current down trend should extend further towards 100% projection of 1.0065 to 0.9300 from 0.9774 at 0.9009, which coincides with major medium term target. On the upside, above 0.9250 minor resistance will turn bias neutral and bring<img src=" http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/qlhBHnI5Ps4" height="1" width="1"/> Source: USD/CHF Mid-Day Outlook
218
« on: March 16, 2011, 05:01:18 pm »
GBP/USD Mid-Day OutlookIntraday bias in GBP/USD remains neutral for the moment as it's bounded in established range. With 1.5962 cluster support (38.2% retracement of 1.5343 to 1.6343 at 1.5961) intact, there is no confirmation of reversal yet and we'll continue to stay neutral first. Though, note again that decisive break of 1.5962<img src=" http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/B6g7O7GLFBM" height="1" width="1"/> Source: GBP/USD Mid-Day Outlook
219
« on: March 16, 2011, 11:08:11 am »
EUR/USD Mid-Day OutlookIntraday bias in EUR/USD remains neutral and more consolidation could be seen below 1.4035 resistance. But another rise will remain in favor as long as 1.3751 support holds. Decisive break of 1.4035 will confirm rally resumption for 1.4281 key resistance next. On the downside, though, break of 1.3751 support will<img src=" http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/EqLz3LfyO-Y" height="1" width="1"/> Source: EUR/USD Mid-Day Outlook
220
« on: March 16, 2011, 05:00:07 am »
EUR/GBP Daily OutlookEUR/GBP rises further to as high as 0.8708 so far and further rise could still be seen to upper trend line resistance (now at 0.8719). However, note that we're still treating price action from 0.8333 as an expanding triangle and hence, strong resistance must be seen below 100% projection of<img src=" http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/Mdy80sW4qP4" height="1" width="1"/> Source: EUR/GBP Daily Outlook
221
« on: March 15, 2011, 11:02:00 pm »
USD/CHF Daily OutlookIntraday bias in USD/CHF remains on the downside for the moment and the current down trend should extend further towards 100% projection of 1.0065 to 0.9300 from 0.9774 at 0.9009, which coincides with major medium term target. On the upside, above 0.9250 minor resistance will turn bias neutral and bring<img src=" http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/4xFCRe1cZLU" height="1" width="1"/> Source: USD/CHF Daily Outlook
222
« on: March 15, 2011, 05:08:05 pm »
USD/CAD Mid-Day OutlookUSD/CAD jumps to as high as 0.9979 today and remains firm in early US session. Note that firstly the rebound from 0.9666 is clearly impulsive looking. Secondly, the break of 0.9957 support suggests that a medium term bottom is formed. Thirdly, it's also affirmed by strong break of 55 days<img src=" http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/QLLYgfiEJXI" height="1" width="1"/> Source: USD/CAD Mid-Day Outlook
223
« on: March 15, 2011, 11:05:49 am »
AUD/USD Mid-Day OutlookAUD/USD's fall accelerates to as low as 0.9815 today so far and intraday bias remains on the downside for 0.9803 support. Break there will add more credence to the case of medium term reversal and should target 0.9536 support and below. On the upside, above 0.99224 minor resistance will turn<img src=" http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/p-rLCN5UvD4" height="1" width="1"/> Source: AUD/USD Mid-Day Outlook
224
« on: March 15, 2011, 05:01:10 am »
EUR/CHF Daily OutlookWe're staying neutral in EUR/CHF for the moment. On the downside, break of 1.2704 support will reaffirm the case that corrective rise from 1.2401 has completed at 1.3203 already and will bring deeper fall to 1.2401 and below. On the upside above 1.3038 will in turn suggest that fall from<img src=" http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/5MtMZVs5lWg" height="1" width="1"/> Source: EUR/CHF Daily Outlook
225
« on: March 14, 2011, 11:01:47 pm »
EUR/GBP Daily OutlookEUR/GBP is staying inside near term rising channel and further rise could still be seen towards upper trend line resistance (now at 0.8717). However, note that we're still treating price action from 0.8333 as an expanding triangle and hence, strong resistance must be seen below 100% projection of 0.8284 to<img src=" http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/lgAFQlaYy_g" height="1" width="1"/> Source: EUR/GBP Daily Outlook
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