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Technical Analysis

USDCHF had formed a cycle top at 0.9594
USDCHF had formed a cycle top at 0.9594 on daily chart, and is now in downtrend. Further fall would likely be seen next week, and the target would be at the lower border of the price channel. Resistance is at 0.9350, only break above this level could signal completion of the downward movement from 0.9594. For long term analysis, USDCHF remains in uptrend from 0.7067. Further rise towards 1.0000 could be seen over next several months.

Currency Majors Technical Perspective
EUR/USD Current price: 1.3085 View Live Chart for the EUR/USD US employment data shook the markets with a much better than expected reading, 243K new jobs added and unemployment rate down to 8.3%. Despite a risk on spike in the EUR/USD towards 1.3200, the pair is now under strong selling pressure testing 1.3070 support area, as QE3 chances had fade. Hourly chart in the pair shows an increasing bearish tone with indicators below their midlines and price below 20 SMA: expect a clear break of

Technical Daily Analysis
$GBPUSD–and NFP? Currently @ 1.5830 and testing the R6 top. Non Farm Payroll is today so that could move it either way. A breakout north would target the -270 Fibo extension @ 1.5932. A break south targets the trendline @ 1.5786 (we could bounce here) and a breakout there might go to the 1.5744. We are bearish for now.

Strategy for today: short USD/CHF
The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops. Every morning FTA reviews the market and the specific strategy, recalculates the risk/reward and then determines the strategy regardless of previous strategy in the

Daily Commodity Overview
Precious Metals Precious metals advanced on Wednesday amid broadly weaker US Dollar on the positive economic data from the Euro Zone. Gold jumped by 0.33, approaching two-month high of USD 1743.53 per troy ounce. The yellow metals also continued to draw support from the Fed’s decision to keep low interest rates until mid-2014. Other precious metals followed the gold’s suit and rallied during the day. Silver gained 1.62% to USD 33.7088 per troy ounce tracking firmness in base metals. Investors

Daily Strategic Report
OVERVIEW Today is NFP Friday. For some reason the market has become fixated by the American payroll data. It regularly obsesses over a piece of data and then moves on. Your analyst remembers when markets used to grind to a halt ahead of US trade data and then have huge volatility afterwards. Now nobody gives a fig about them. The currenct NFP fad seems to be rooted in fact that the Fed are monitoring jobs and homes as key measures of the US recovery, and hence the need for more QE or not. As

Global Stock Market Review
S&P 500 Index S&P 500 Index rose on Wednesday, supported by expansion in US, Chinese and European manufacturing amid progress in Greek debt talks. The index added 0.89% or 11.68 points and closed at 1,324.09 with all 10 sectors posting gains. Whirlpool jumped 13.5% after reporting better than predicted quarterly profit and claiming it expects shipments to North America increase by 3% this year. Amazon.com lost 7.7% after its quarterly net revenue declined and income grew at slower pace

Technical Summary for Majors
EUR/USD The near-term price action remains in sideways mode, narrowing the range and forming an hourly triangle, after repeated upside rejections at 1.3200 zone, also daily Ichimoku cloud base. Array of supports lie at 1.3120, triangle support; 1.3084, yesterday’s low and the most significant 1.3025/00, range floor / daily 20 day EMA / Fib 38.2%, loss of which further delay upside attempts in favor of stronger pullback. Wider picture’s studies, however, hold positive short-term tone and see

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