Awareness continues to be gripped on Japan and the Middle East, especially Bahrain, this afternoon as the scenario in both countries adds nervousness to an already volatile global environment. The nuclear disaster in Fukushima has reconditioned concerns of delayed economic recovery while the continuing violence in Manama triggered further flight to quality. However, stocks regained ground, a move that didn't transfer signals to the forex trading market.
An enormous downside miss in U.S. Housing Starts and significant upside miss in PPI signals a stagflation environment which does not bode well for the USD for the mid-term.
USD/JPY and also the complete JPY complex plunged in the twilight hours between the New York close and the Sydney-Tokyo open on renewed concerns concerning Japan and anticipations of large Japanese repatriation to pay for expenses associated with the earthquake. Later this morning, nearer to the London open, the USD and JPY recuperated much of the gains as the risk-aversion of the previous three days is abating.
EUR/USD Forex signals perspectives for Metatrader: A pull back to the mid 20-day Bolli band at 1.3838 is likely. The sellers are inspired by the single currency's disappointment at the 1.4000-handle. MACD is neutral today. RSI points to the south, agreeing with the commonly slightly bearish bias here.
GBP/USD Currency signals for MT4: The general picture has folded over to a neutral one. MACD is in a definitive negative cross, RSI has likewise rotated lower. Nevertheless, the bottom 20-day Bolli bad at 1.6026 is demonstrating to be a sound support for the sterling. The 20-day moving average at 1.6183 is behaving like a magnet. The 20-day mid Bolli band is a pivotal stage.
USD/JPY Metatrader Forex Brokers Alerts Evaluation: MACD is moving on on its bearish cross today, providing a undesirable look to the set. RSI is negative, just over the oversold level of 30. More than likely tight ranges will probably control here with the bottom 20-day Bolli band at 80.87 underpinning the action on the downside, while the 20-day MA at 82.26 is most likely to cap improvement higher. The reality that the bottom Bolli band had been permeated yesterday and today, changes focus to more downside.
An enormous downside miss in U.S. Housing Starts and significant upside miss in PPI signals a stagflation environment which does not bode well for the USD for the mid-term.
USD/JPY and also the complete JPY complex plunged in the twilight hours between the New York close and the Sydney-Tokyo open on renewed concerns concerning Japan and anticipations of large Japanese repatriation to pay for expenses associated with the earthquake. Later this morning, nearer to the London open, the USD and JPY recuperated much of the gains as the risk-aversion of the previous three days is abating.
EUR/USD Forex signals perspectives for Metatrader: A pull back to the mid 20-day Bolli band at 1.3838 is likely. The sellers are inspired by the single currency's disappointment at the 1.4000-handle. MACD is neutral today. RSI points to the south, agreeing with the commonly slightly bearish bias here.
GBP/USD Currency signals for MT4: The general picture has folded over to a neutral one. MACD is in a definitive negative cross, RSI has likewise rotated lower. Nevertheless, the bottom 20-day Bolli bad at 1.6026 is demonstrating to be a sound support for the sterling. The 20-day moving average at 1.6183 is behaving like a magnet. The 20-day mid Bolli band is a pivotal stage.
USD/JPY Metatrader Forex Brokers Alerts Evaluation: MACD is moving on on its bearish cross today, providing a undesirable look to the set. RSI is negative, just over the oversold level of 30. More than likely tight ranges will probably control here with the bottom 20-day Bolli band at 80.87 underpinning the action on the downside, while the 20-day MA at 82.26 is most likely to cap improvement higher. The reality that the bottom Bolli band had been permeated yesterday and today, changes focus to more downside.
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