Daily Outlook 7-05-2014
Dollar Index (79.14) has hit another 12-month low at 79.06 and as of now merging close to the real backing of 79-78.50. Still no indication of purchasers is obvious and further drop to 78.90-60 looks more reasonable to assume now. Just a break over 80.15 might be a starting indication of quality.
The Euro (1.3925) has broken over 1.3900 and hit a high of 1.3951 in this way. Keep an eye if ECB takes some venture close to 1.4000-50 yet a tear over 1.4050 might open the way to tremendous upside targets.
Dollar-Yen (101.60), even in the current frail state, has overseen so far to stay in the 10 week long wide run of 101-104. We continue viewing a break of the long haul help at 101.00-100.50 for significant proceeds onward the downside.
The Euro-Yen Cross (141.49) has remained practically unaltered as both Euro and Yen acknowledged significantly. The more extensive extent of 140.00-143.50 must be broken to create any serious move.
Pound (1.6971) has practically arrived at our target zone of 1.7000-50 as it made a high at 1.6996 in this way. Staying over 1.6850-30 on any redress, it may climb towards 1.7250-90 in the following few sessions.
Aussie (0.9342) broke over 0.9315 to make a high at 0.9367 of course yet it stays to be checked whether it figures out how to break over the solid safety zone of 0.9380-0.9400 to affirm an inversion. A disappointment may bring about an alternate tumble to 0.92.
Gold (1311.667) has stopped after its climb in the last two sessions, as safety close to 1315.32 holds for the present. A break over this level might guarantee an ascent towards 1320-1330. The twofold- base on the outlines demonstrates close term bullish quality which discredits the prior bearish perspectives. We may see a tumble to 1300 preceding a crisp upward rally.
Dollar Index (79.14) has hit another 12-month low at 79.06 and as of now merging close to the real backing of 79-78.50. Still no indication of purchasers is obvious and further drop to 78.90-60 looks more reasonable to assume now. Just a break over 80.15 might be a starting indication of quality.
The Euro (1.3925) has broken over 1.3900 and hit a high of 1.3951 in this way. Keep an eye if ECB takes some venture close to 1.4000-50 yet a tear over 1.4050 might open the way to tremendous upside targets.
Dollar-Yen (101.60), even in the current frail state, has overseen so far to stay in the 10 week long wide run of 101-104. We continue viewing a break of the long haul help at 101.00-100.50 for significant proceeds onward the downside.
The Euro-Yen Cross (141.49) has remained practically unaltered as both Euro and Yen acknowledged significantly. The more extensive extent of 140.00-143.50 must be broken to create any serious move.
Pound (1.6971) has practically arrived at our target zone of 1.7000-50 as it made a high at 1.6996 in this way. Staying over 1.6850-30 on any redress, it may climb towards 1.7250-90 in the following few sessions.
Aussie (0.9342) broke over 0.9315 to make a high at 0.9367 of course yet it stays to be checked whether it figures out how to break over the solid safety zone of 0.9380-0.9400 to affirm an inversion. A disappointment may bring about an alternate tumble to 0.92.
Gold (1311.667) has stopped after its climb in the last two sessions, as safety close to 1315.32 holds for the present. A break over this level might guarantee an ascent towards 1320-1330. The twofold- base on the outlines demonstrates close term bullish quality which discredits the prior bearish perspectives. We may see a tumble to 1300 preceding a crisp upward rally.