June 12, 2012 10: 17 GMT markets retirement wave of Sunday, but must find technical support image clarity that the fundamental principles now offers constructive Euro short of time over 1.2385 USD/JPY is fresh to the back over $ 80.00 UK industrial production is not impress despite the withdrawal of Monday in the perception of riskmarkets do not look as bad that some might think. After all, the action of the price is somewhat misleading because of the huge gap open risk of active correlation Sunday evening. While we not take this as a sign too optimistic, we would not recommend also to head for research and the more important position of liquidation of risk at this stage. For the moment, our technical Outlook seems to offer more clarity, and while that the Euro takes over 1.2385, we see additional risks to the market following a bullish weekly reversal ending a sequence of four consecutive lower weekly low and low plateaus.
Relative performance against the USD Tuesday (from 10: 10GMT)
NZD + 0.77 %
AUD + 0.52 %
CAD + 0.36 %
GBP + 0.22 %
CHF + 0.21 %
EUR 0.20 %
JPY 0.09 %
The Euro is the market which must be monitored for directional overview of larger markets, and if this market should be taken in from 1.2400, we could still see yet another push beyond senior 1.2670 from Monday, to the area 1 2800 - 1 3000 further up. Ultimately, this should result in more currencies, higher equities and a low Dollar and Yen. The buck and the Yen were already sold their earlier respective daily limits, with the Yen find a relative weakness on the comments of the IMF that the currency is overvalued. This market level key look more high is 80.00 and a break and back close this psychological barrier could accelerate once more gains.
ECONOMIC CALENDAR
TECHNICAL OUTLOOK
EUR/USD: the market is in train to correct certain levels severely oversold after breakdown of yearly lows little less 1.2300. While our global perspective is clearly downward, by we see still place upside in the short term before a high low is wanted. Look for the positive in the last week has close to open the door for an acceleration in the region of 1 2800 - 1 3000, where new offers are likely to re-emerge. Setbacks must be well supported ahead of 1.2400.
USD/JPY: the recent setbacks have been quite intense, the market collapse by the ADM, 200 days before finally finding support by 77.65. We have since seen attempts at recovery and we support that the market should continue to break higher, with views finally fixed on a retest and rupture of 2012 senior by UST up more. However, at this stage, we need to see a break and close above 80.00 back to alleviate the pressures weighing officially and to reaffirm the optimistic prospects.
GBP/USD: Daily studies are now correct oversold and risk CIHI appear inclined upside down to allow a corrective bounce short term necessary after the setback down just shy of the 2012 bottom of January. Locate the last close back daily over 1.5440 to strengthen the prospects for growth in the short term, provided in the 1.5800 region where a low high costs will be sought for that underpin the acceleration of bear trend to resume. Only a close back under delays 1.5400.
USD/CHF: while we retain a broader upward perspective for this pair, with the market seen to establish above parity in the weeks to come, short-term risks are a corrective withdrawal to allow the market to establish a fresh plu bass. Thus, we see risks of weakness in the next sessions to the 9200 0 - 0 9300 area before the market seeks to reaffirm its upward momentum and broader uptrend.
Relative performance against the USD Tuesday (from 10: 10GMT)
NZD + 0.77 %
AUD + 0.52 %
CAD + 0.36 %
GBP + 0.22 %
CHF + 0.21 %
EUR 0.20 %
JPY 0.09 %
The Euro is the market which must be monitored for directional overview of larger markets, and if this market should be taken in from 1.2400, we could still see yet another push beyond senior 1.2670 from Monday, to the area 1 2800 - 1 3000 further up. Ultimately, this should result in more currencies, higher equities and a low Dollar and Yen. The buck and the Yen were already sold their earlier respective daily limits, with the Yen find a relative weakness on the comments of the IMF that the currency is overvalued. This market level key look more high is 80.00 and a break and back close this psychological barrier could accelerate once more gains.
ECONOMIC CALENDAR
TECHNICAL OUTLOOKEUR/USD: the market is in train to correct certain levels severely oversold after breakdown of yearly lows little less 1.2300. While our global perspective is clearly downward, by we see still place upside in the short term before a high low is wanted. Look for the positive in the last week has close to open the door for an acceleration in the region of 1 2800 - 1 3000, where new offers are likely to re-emerge. Setbacks must be well supported ahead of 1.2400.USD/JPY: the recent setbacks have been quite intense, the market collapse by the ADM, 200 days before finally finding support by 77.65. We have since seen attempts at recovery and we support that the market should continue to break higher, with views finally fixed on a retest and rupture of 2012 senior by UST up more. However, at this stage, we need to see a break and close above 80.00 back to alleviate the pressures weighing officially and to reaffirm the optimistic prospects.GBP/USD: Daily studies are now correct oversold and risk CIHI appear inclined upside down to allow a corrective bounce short term necessary after the setback down just shy of the 2012 bottom of January. Locate the last close back daily over 1.5440 to strengthen the prospects for growth in the short term, provided in the 1.5800 region where a low high costs will be sought for that underpin the acceleration of bear trend to resume. Only a close back under delays 1.5400.USD/CHF: while we retain a broader upward perspective for this pair, with the market seen to establish above parity in the weeks to come, short-term risks are a corrective withdrawal to allow the market to establish a fresh plu bass. Thus, we see risks of weakness in the next sessions to the 9200 0 - 0 9300 area before the market seeks to reaffirm its upward momentum and broader uptrend.
