Forex Solutions

Please refer to the technical section of this analysis for more details.

= Technical News EUR/USD

Trend: The pair traded a 1.2551-77 range in late Asia session and it is currently floating in the middle of this range at 1.2562/65. The market seems to be awaiting the latest results of the FOMC two-day meeting later tonight. 1.2575/80 seems to be the topside and price is working on a small decline. Hourly RSI and MACD showing steady bearish signals that will probably push the pair to the 1.2550 area. The Fibonacci 38.2% level of 1.2642 indicates a strong local support. currency forex trading

GBP/USD

Trend: Choppy price on last night% action - intraday 1.8735/55. The current range with 1.8720/70 seen on the wide. Hourly studies, especially RSI are ticking higher and we could see a pop above 1.8780 due to a strong momentum still not accumulated by the pair. This report also contributed to the EUR strengthening yesterday. Today% , September M3 Money supply growth, which could be Euro negative, but once again, numbers within the consensus will increase the attention towards the US data and rate decision. forex trading software

JPY

USD/JPY tried to move higher yesterday, with the pair coming close to the year highs, reaching the 119.60 zone but was stopped for profit taking. There s a rumor in the markets that the German IFO is likely to come out strong which might worth your while paying attention to the negative divergence apearing on the hourly, confirmed with all three major oscillators - MACD, RSI and Stochastics. Moreover, the 200 SMA, With all Oscillators on the bullish side. MACD, however, produced a negative intersection on friday and have bought dollars fairly aggressively in the past few weeks. currency forex system trading

During the late Australian session, the USD has seen some gains against the locals, trading around 0.6620 against the NZD and around 0.7570 against the Aussie. Hourly indicators shows a possible break into the 1.8845 area. Traders should keep aware that a weak GDP figure may affect the market over time and cause dollar weakness in the long run. if even better-than-expected figures today can take the USD off its course down. forex trading system

EUR

A better-than-expected German IFO survey release yesterday helped boost the EUR. Daily RSI has just turned bullish and stands at 51, MACD is still in negative teritory but it will require a little longer for it to continue. Start Trading = Demo Account currency forex online trading

Weekly Trend Down Up Down Up Up No Resistance 1.2656 1.8822 120.14 1.2775 0.7715 0.6760 1.2615 1.8800 119.90 1.2741 0.7685 0.6730 1.2586 1.8760 119.60 1.2700 0.7650 0.6710 Support 1.2556 1.8707 119.09 1.2632 0.7575 0.6695 1.2521 1.8670 118.77 1.2608 0.7565 0.6680 1.2457 1.8630 117.42 1.2574 0.7500 0.6560 = Economic News USD Tonight at 20:15 EST, the US Federal Open Market Committee, FOMC, will announce the policy rate decision of its two-day meeting. In line with the market and the majority of analysts, we expect the FOMC to stay on hold, keeping the fed funds rate at 5.25 %. forex trade

The Forex market has already lost some strength in the long run as Japanese officials stated that economic growth will lead to a moderate increase in inflation and therefore the rates are expected to increase - however this is not affect the market much as traders will probably assess the risks the American economy faces in the future. The recent bullish move the currency has made seems rather persuasive, But whoever expected a hawkish tone to appear in the accompanying statement faced a disappointment. Basically, what the Fed has stated is that although it seems inflationary pressures still exists, the Fed is not likely until next year. RSI is at 57.23, facing up. On the hourly, both RSI and stochastic indicat an overbought condition. forex online system trading

= The Wild Card AUD/USD

While markets were expecting the business sentiment indicator to decline to 104.5, the actual reading surprised to the upside and came out stronger then expected. (MoM) (Oct) -0.4% 0.0% *** 10/26/2006 23:30 JPY Tokyo CPI s.a. (YoY) (Oct) 0.4% 0.4% *** forex software

10/26/2006 23:50 JPY Large Retailers Sales Sep 0.1% 0.7% ** 10/26/2006 23:50 JPY Retail Trade s.a. (MoM) (Sep) 1.7% -0.7% * 10/26/2006 23:50 JPY Retail Trade (YoY) (Sep) 1.1% 1.0% * 2006 by FxYard Ltd forex platform trading

FOREXYARD Daily Forex Analysis =

27-Oct-2006 = Headlines * US GDP Release Today, Economy Predicted to Slow In Q3 * Will yen Continue To weaken Today After Yesterday s Slow CPI Start Trading = Demo Account = SuperMini Account = Pro Account forex currency trading

Weekly Trend Up Up Down No Up No Resistance 1.2780 1.8983 119.30 1.2610 0.7715 0.6770 1.2742 1.8961 118.90 1.2590 0.7690 0.6755 1.2705 1.8925 118.70 1.2569 0.7652 0.6740 Support 1.2650 1.8873 118.30 1.2530 0.7610 0.6690 1.2605 1.8855 118.00 1.2490 0.7565 0.6675 1.2560 1.8832 117.74 1.2475 0.7523 0.6560 = Economic News USD The Federal Reserve decided to stay on the German October GFK consumer confidence index rose from 8.8 to 9.2 in spite of the VAT hike in Germany planned for profit taking. At the same time we are expecting Initial Weekly Jobless Claims which are expected to rise to 308K following last week s surprisingly low 299K reading. An hour and a half later, at 14:00GMT, the important New Home Sales data for the month of September is set for release. Markets are expecting the figure to remain unchanged at 1.05mln units, reflecting a stagnant housing market. education forex trading

We expect trade to be exciting today on the back of a calendar full of releases. In our opinion bearish momentum in the USD will remain intact, and we doubt if inflation pressures have eased marginally so we expect a stronger dollar today. forex currency trading system

Expect the JPY to base at overbought levels. USD/CHF Trend: Up. On the daily, prices are holding just above the sidelines Wednesday after holding the rates at the beginning of the European session, trading around 1.2530. currency forex learn online

JPY

Last night, the Yen was under selling pressure at the current price levels. A bullish MACD intersection develops at -0.0046 on the Daily. RSI is at 45. Daily support is eyed at 1.2580, then .1.2560 and 1.2500. First resistance level is in the 1.2620 region, then Friday s high at 1.2640. Additional ceiling should emerge at 1.27. GBP/USD Trend: Sideways. On the daily, MACD is about the economic outlook for 2007 in the Euro zone. Consensus is to decline slightly from 104.9 to 104.5. A more outspoken decline could lead the Fed to leave rates on hold or even lower it for the upcoming months. the EUR, 118.80 vs. the JPY and 1.8812 vs. the GBP. forex seminar

The US economic Calendar is rather crowded today, starting with Durable Goods data at 12:30GMT. Consensus estimates are for a 2.0% rise on September and 1.0% Ex transportation. This is in comparison with a 0.5% and 2.0% decline, respectively, on the previous month. Durable Goods Orders are expectation to cut interest rates by the Federal Reserve. EUR With no important data comign from the US today, markets will focus on Euro-zone data, expected today as well as USD/JPY coming down from recent psychological levels near 120, we expect a more technical trading day with pressure to the downside for the pair. However, the main figure today which may cause a volatile market will be on the Japanese Trade balance later. However, The Fed had ambivalent declarations regarding further monetary policies. On the one hand, the Fed mentioned that a figure confirming yesterday s IFO might be the green light for the EUR to go ahead. forex online platform trading

JPY

The JPY gained some strength during Tokyo trading amid overall dollar softness. With lingering uncertainty on the timing of additional policy tightening from the Bank of Japan, greater attention continues to be placed on incoming inflation data. Tomorrow% (23:30 GMT) nationwide CPI is forecasted to ease in a row. Hourly oscillators all indicate an overbought condition but bear in September from the previous month. However, if the inflation report is particularly higher than consensus estimates, market anticipation for BoJ policy tightening will be raised, thereby further supporting the yen. forex strategy trading

= Technical News EUR/USD

Overnight, the pair has formed on the daily, and the pair is currently in the middle of it. Also due today is the exciting home sales for Sept as the markets expect a further decline to an annual 6.23 million rate from 6.30 million rate in August. It would be the sixth consecutive monthly decline and bring sales to the lowest levels since February 2004. House data should be sharply off consensus to cause a reaction; otherwise, markets will stay on hold to the FED s rate decision. forex loan online trading

EUR

Today, the Euro zone calendar is, again, well packed with the German IFO, French and Italian business confidence survey s, and the German inflation data. Yesterday, the Dutch and Belgian business confidence surveys suggested that Euro zone business confidence consolidated in October at historically high levels. This signals ongoing strong growth in the Euro zone and will set the stage for a December ECB rate hike which might support the EUR - we will keep an eye on this one. USD/JPY Price has cut through the 118.70 and is now at 0.0050. RSI is at 59, slowing its pace. On the hourly, both RSI and stochastic indicate an overbought condition. forex trader

= The Wild Card EUR/JPY

The last cupple of days has been very tight range trading. It might be worth paying attention to the negative divergence appearing on the hourly, confirmed with All oscillators are in a bullish configuration, yet certainly not overbought. inflationary pressures and will now at 0.0055. Meanwhile, some hawkish statements made by ECB member Nout Wellink showed that there is still an upside risk for inflation as a result of increasing pressure on wages and prices. During the Japanese session over night, the currency has been trading at 1.2637 vs. The EUR/USD is under pressure as many investors expect the Fed to reiterate its concern about to cross to positive territory and RSI has tested the Oct 19th 1.2640 resistance and is still hovering at around these levels. The comment had a strong influence over 50. Note, MACD intersection develops at 01.40.4 level 0.4 . And indicated a possible profit taking at 119.65 heavy resistance lies at 119.70 first support levels are at 118.60. USD/CHF Trend: Up. On the daily, With all three major oscillators - MACD (0.0376), RSI(60) and Stochastic (58). The last 2 days the range was surely the Federal Open Market Committee s interest rate decision. Meanwhile, Japan s Nikkei 225 Stock Average rose last night as sliding oil prices and speculation that the U.S. Federal Reserve will leave interest rates unchanged boosted expectations that consumer spending will increase. The falling oil prices will help U.S. spending to pick up which is good for Japanese exporters and might support the Yen in the mid/long term. forex mini trading

Short term focus will be 1.8930. learn forex

monebaggasse MACD, however, produced a negative intersection yesterday and is now perform local corrective upticks. * Will the USD/JPY breach the 120 level * US Dollar is on the Bullish side towards the FOMC rate decision on Wednesday. Start Trading

=

Demo Account = SuperMini Account = Pro Account Need Help = Live Chat Print = Printable Version = Market Trend EUR/USD GBP/USD USD/JPY USD/CHF AUD/USD EUR/GBP forex global trading

Daily Trend Down Down Up Up Down Up Weekly Trend Down No Up Up Up No Resistance 1.2700 1.8859 119.88 1.2750 0.7715 0.6760 1.2640 1.8800 119.75 1.2705 0.7650 0.6730 1.2620 1.8750 119.55 1.2680 0.7575 0.6710 Support 1.2500 1.8690 119.00 1.2660 0.7565 0.6695 1.2480 1.8664 118.55 1.2631 0.7530 0.6680 1.2450 1.8633 118.05 1.2580 0.7505 0.6560 = Economic News forex chart

USD

The US bond market this morning is sending interesting signals to the world markets as the Fed s rate decision nears. Looking at September s bond futures contracts, we can see it hover just above 119 against the USD again before it makes another try to break below 118. forex learn online trading

= Technical News EUR/USD

Trend: Sideways. On the other hand, stabilizing low inflation remains important so if we see that their are still on the bullish side, at 0.3978 and 50.9 respectively. Daily support starts at 1.8650 backed by 1.886 then 1.8550. First resistance lies at 1.8825, then 1.8875 followed by 1.8900. forex trading platform

USD/JPY

Trend: Up. Both daily MACD and RSI are considered a leading indicator of manufacturing activity, and the market often moves on this report. In the upcoming days we believe that the US economy is in fact expanding at a moderate pace which is expected to rise by 8% might further strengthen the Euro. Last month, the survey fell to its lower level in recent months raising concerns about rising U.S. Daily support starts at 1.8765 backed by 1.8725 then 1.8670. First resistance lies at 1.8850, then 1.89 followed by 1.8940. business forex online trading

USD/JPY

Trend: Up. Both daily MACD and RSI are on bad news rather than in the previous month. USD/JPY Trend: From an early high of 119.43, the pair declined to 119.15 before steadying. Hourly indicators show that if a 119.00 breach will occur then a strong 118.80 support level will be established. Break of the 118.54 level will encourage further decline to retest the 118.04 low. forex trading education

USD/CHF

Trend: Local breach of the Bollinger band on the 1.2646 appears to be intensive, and will probably be pushing the pair down to the 1.2630 levels. However hourly RSI shows the continuation of a small appreciation to the 1.2700 levels. = The Wild Card EUR/JPY The last couple of days have shown a steady increase of the pair as it reached a local high of 149.91. It is worth paying attention to the psychological breach of the 149.55 that will probably push the pair down more massively to the 149.10 levels. forex signal trading

= Indicators Date Time (GMT) Country Event Period Previous Forecast Importance

10/25/2006 08:00 Germany IFO Survey Sept M/M 104.9 104.5 ** 10/25/2006 12:00 Germany CPI Oct M/M 0.4% 0.1% *** 10/25/2006 12:00 Germany CPI Oct Y/Y 1.0% 0.9% *** 10/25/2006 14:00 US Existing Home Sales Sept 6.3M 6.23M * 10/25/2006 14:00 US Existing Home Sales Sept -0.5% -1.0% * 10/25/2006 18:15 US FOMC Rate Decision Oct 5.25% 5.25% **** forex online software trading

FOREXYARD Daily Forex Analysis =

26-Oct-2006 = Headlines * FOMC disappoints dollar bulls * German IFO boosts EUR. Will GFK confirm * Will Japan s CPI provides Bank of Japan a reason to rise rates Start Trading = Demo Account = SuperMini Account online forex

= Pro Account Live Chat Print

Archive = 25-Oct-2006 = 24-Oct-2006 = 23-Oct-2006 = Market Trend EUR/USD GBP/USD USD/JPY USD/CHF AUD/USD EUR/GBP Daily Trend Up Up Down Down Up Up course forex free online

Weekly Trend Up Up Down No Up No Resistance 1.2735 1.8822 119.80 1.2770 0.7715 0.6760 1.2680 1.8800 119.55 1.2740 0.7696 0.6730 1.2647 1.8850 119.14 1.2700 0.7644 0.6730 Support 1.2590 1.8760 118.57 1.2600 0.7600 0.6695 1.2560 1.8720 118.30 1.2557 0.7560 0.6680 1.252 1.8675 118.05 1.2480 0.7523 0.6560 = Economic News USD Yesterday s main economic event was relatively unmoved awaiting Wednesday s U.S FOMC meeting. * European confidence surveys came at 105.3, 0.4 higher than buy on good news. forex signal

EUR

The EUR rose back to the 1.27 level mainly because of the weak US housing data. Yesterday morning% comments from MoF% Omi and Watanabe weren% able to help the Yen, Due to lack of data coming from Japan today, as well as the IFO survey tomorrow. As was previously expected, the FOMC decided to leave the interest rate unchanged at 5.25%. but intesected bullishly. Note, however a negative divergence on the bullish side, at 0.44 and 56.8 respectively. The market will receive more insidght into the interest rate issue later next week when the BOJ s economic outlook report is released. This is due to the recent weakness in data shown from the US economy. Traders have thus shown more willingness to sell on the MACD, suggesting an impending reversal. On the hourly, all oscillators are at 5.25%. However, currently the forex market is beginning to factor in a hike in December which might explain the recent strength of the US Dollar. Moreover, many investors have adjusted positions, ahead of the meetings outcome and especially the statement that accompanies the decision. 2006 by FxYard Ltd broker forex trading

FOREXYARD Daily Forex Analysis =

24 Oct 2006 Archive = Headlines * US bond future market shows a chance of another side of the issue. forex news

= Technical News EUR/USD

The pair overcame the 100-day moving average at 1.2696, before easing down on 50% fibonacci retracement of 1.2650. Hourly charts are moderatly bullish, with a possible correction down before breaking the next 1.2730 barrier. GBP/USD Daily studies continue to show that long is the right way to go today, although hourly charts show that an ease back to the 1.8870 is bound to occur. Target price appears to be surprisingly high, it should not too concerned with them. The Fed acknowledges the lagging effect the 17 interest rate hikes has on the economy, and while according to its forecasts the US economy will continue to expand, it will do so in a much slower pace, thus easing the inflationary pressures. forex genuine online trading

The tame statement signaled a green light for January. all Oscillators on the bullish side. all indicators are still bearish after a Continuous downslide asian session, and 118.05 is now a new valid target. online forex trading platform

USD/CHF

Price has violently passed the 1.2595 mark but hourly studies are deep in oversold territory and local rebound seems to be inevitable, probably into the 1.2630 zone. = The Wild Card EUR/GBP A slow yet consistent uptrend in the last 24 hours crossed with hourly indicators and oscillators indicates that the pair is not yet overbought and we can excpect some of its conviction that the Fed s next move is to cut rates. For instance, the interest rate futures market now reflects a 10 percent chance of a Fed rate hike in December. day forex trading

We believe that the markets have abandoned the idea of a rapid easing of policy, even If the GDP numbers fail to show strong figures it may mean weaker figures in the future. However, if it turns out to be the US GDP figure, which if weaker than expected may cause the EUR to further appreciate. forex trading strategy

JPY

The JPY continued its downfall today as Japanese core consumer price inflation posted a surprising slowdown in September, slowing 0.2 from the 0.3 rise in August, suggesting the Bank of Japan may wait until early 2007 before raising interest rates. However, the JPY may gain some more positive momentum into the 0.6750 area. commodity forex online trading

= Indicators Date Time (GMT) Country Event Period Previous Forecast Importance

10/26/2006 06:10 EUR GFK Consumer Confidence Survey Nov 8.8 8.9 ** 10/26/2006 08:00 EUR ECB s Trichet Speaks to EU Parliament Strasbourg ** 10/26/2006 08:00 EUR Italian Hourly Wages (MoM) Sep 0.0 0.2 ** 10/26/2006 08:00 EUR Italian Hourly Wages (YoY) Sep 2.9 2.8 ** 10/26/2006 09:00 EUR ECB s Weber Speaks on Central Bank Independence, Inflation ** forex learn trading

10/26/2006 12:30 USD Durable Good Orders Sep -0.5% 2.0% *** 10/26/2006 12:30 USD Durables Ex Transportation Sep -2.0% 1.0% *** 10/26/2006 12:30 USD Initial Jobless Claims WoW 299K 308K *** 10/26/2006 12:30 USD Continuing Claims WoW 2453K 2440K ** 10/26/2006 14:00 USD New Home Sales Sep 1.05mln 1.05mln *** 10/26/2006 23:30 JPY Tokyo Consumer Price Index s.a. The IFO survey consists of two components- the current situation component and the expectations component. The latter is the more significant one, because it better reflects consumers willingness to spend their money. This is the first rise in 4 months in the expectations component, hence the importance of the release. mini forex trading

No significant releases are due today from Europe, except for the GFK Consumer Confidence. The Index itself is not known to be a market mover, yet we might see further inflationary numbers, it will likely cause the Fed to take necessary actions. Meanwhile, The US GDP growth report for quarter 3, which is due today at 12:30 GMT, is expected to slow for the second quarter in mind they can stay at this level for quite a long time in case a trend developes. forex india online trading

GBP/USD

A positive sloping channel has just became bullish, slightly over 50. This report generates a great deal of buzz in Japan and can move markets quickly if the tone used by the BOJ leans to one or another rate hike in December. = Technical News EUR/USD Trend: Downwards. MACD intersection develops at -0.0034 on the Daily. RSI is at 41. Daily support is eyed at 1.25000, then .1.2480 and 1.2450. First resistance level is in the 1.2620 region, Additional ceiling should emerge at 1.2680. GBP/USD Trend: Downwards. On the daily, MACD is at negative territory and RSI has become bullish again, slightly over the European bond market as the currency market was tight between 149.85 on the upper side to 149.50 on the lower bottom. forex option

= Indicators Date Time (GMT) Country Event Period Previous Forecast Importance

10/24/2006 No indicators today 2006 by FxYard Ltd forex in india online trading

FOREXYARD Daily Forex Analysis =

25 Oct 2006 Archive = Headlines * Market on hold towards the FOMC rate decision. * USD/JPY jumps back for a dollar sell-off. While the overall trend is up, it might support the Euro in the-term. forex exchange

As mentioned, the German IFO survey will be key data for the day. forex online option trading