How the EUR/USD is going to trade amid the Fiscal cliff worries ?


Daily forecast of the EUR/USD 2012/MBCFX

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Commodities and Forex Fundamental analysis of Dec 20th 2012/MBCFX


Commodities and Forex Fundamental analysis of Dec 20th 2012/MBCFX

·        Gold futures edge higher to reach $1.670 amid fiscal cliff talks

·        The U.S. dollar  dropped against the yen today, after the Bank of Japan implemented additional easing measures.

·        The Euro retreated against the U.S. dollar today, on uncertainty over the U.S. fiscal cliff that affects the market sentiment, and decreased demand for riskier assets.

·        Crude oil inched down from the highest level in two months to $89.52 a barrel on US budget negotiations.

·        The U.S. dollar slipped today versus a basket of major currencies.

Major events for today:

The main focus will be on U.S. weekly jobless claims, the  existing home sales .and the US GDP data that will be released later today.

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EUR/USD Daily and Weekly outlook for Dec 18th 2012/MBCFX


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EUR/USD Daily and Weekly outlook for Dec 18th 2012/MBCFX

http://www.mbcfx.com/news/news_en.html

The EUR/USD was steady around the 1.3170 level at the beginning of this week’s trading.

However, we expect that the Euro will recover especially after the European Commission has agreed temporarily to give a governmental assistance of 3.9 billion euros means 5.1 billion dollars to the third largest Italian banks, “Monte dei Paschi di Siena”.

And as we have mentioned yesterday, the EUR/USD is trying to form a top on the monthly chart, and the prices are trading above the Fibonacci 38.2% means above the 1.3159 level.

We also notice that the ADX indicator reflects the weaknesses of the bearish trend.

So we expect that the Euro will continue its rise against the US Dollar during this week towards the Ichimoku Cloud which corresponds to the Moving 20 of the Bollinger Bands at the 1.3273 level.

Concerning the short term trading, the EUR/USD is trading within a correction channel…

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EUR/USD Daily and Weekly outlook for Dec 18th 2012/MBCFX


EUR/USD Daily and Weekly outlook for Dec 18th 2012/MBCFX

http://www.mbcfx.com/news/news_en.html

The EUR/USD was steady around the 1.3170 level at the beginning of this week’s trading.

However, we expect that the Euro will recover especially after the European Commission has agreed temporarily to give a governmental assistance of 3.9 billion euros means 5.1 billion dollars to the third largest Italian banks, “Monte dei Paschi di Siena”.

And as we have mentioned yesterday, the EUR/USD is trying to form a top on the monthly chart, and the prices are trading above the Fibonacci 38.2% means above the 1.3159 level.

We also notice that the ADX indicator reflects the weaknesses of the bearish trend.

So we expect that the Euro will continue its rise against the US Dollar during this week towards the Ichimoku Cloud which corresponds to the Moving 20 of the Bollinger Bands at the 1.3273 level.

Concerning the short term trading, the EUR/USD is trading within a correction channel, and this indicates that the Euro would resume its upward movement toward the 1.3180 level, and the next target will be towards the 1.3206 level.

We also draw the attention of our dear clients that the main psychological level lays at 1.31dollar.

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The dollar rose significantly against the Japanese Yen after Japan’s LDP vict


The dollar rose significantly against the Japanese Yen after Japan’s LDP victory

Today the Yen fell to its lowest level since 2011 against the dollar, after the victory of the Liberal Democratic Party (LDP) which raised expectations of aggressive monetary easing

And the former Prime Minister Shinzo Abe has been reelected. And he asked for “unlimited” monetary easing, also for an increase of the inflation target, and more investment on public works in order to rescue the economy.

Then many analysts are expecting that the Yen is going to weaken more in the coming weeks. .

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What is the next target of the EUR/USD for today Dec 14th, 2012/MBCFX?


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The Euro USD  formed a bullish Pennant which signals that the Euro may continue its bullish trend on the short term trading, so if it breaches up the 1.31 level, it will rise towards the 1.3120 level.

 Then it’s expected to retreat on the next week, and this is confirmed by the trying of prices to form the Head and Shoulders pattern on the top of the daily chart.

 We also notice that most of the Oscillator indicators have started to show the beginning of the weak bullish trend, and also that the prices are going to retreat.

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What is the next target of the EUR/USD ahead of Today FOMC decisions ?


What is the next target of the EUR/USD ahead of Today FOMC decisions ?

 ttp://www.mbcfx.com/news/news_en12_12.html

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MBCFX daily Market Analysis. TODAY is Wednesday, December 11th , 2012.

 The Euro USD  recovered as a result of the extensive sell of the US Dollar amid waiting of the investors for today Fed decisions concerning the US economic growth, the interest rate, and to renew the Twist policy to support the economy.

 We also notice that the prices remain steady at the 1.30 level, during the Asian trading of today ahead of the mentioned data.

 We can see on the 4 hours chart that the Euro USD is going to form the Head and Shoulders pattern, which is exactly like what happened in the period between October, 11th 2012 and November, 2nd 2012 , and this step finished by the drop of the Euro to the 1.2659 level.

 However, we are still expecting that the Euro would retreat against the dollar, and this rally is just reflecting the worry of the investors.

  So if the Euro USD  breaches down the 1.2980 level, this would push the Euro down towards the 1.2950 level, then it will decrease to the 1.2906 level.

 for more info or further technical analysis, please visit our website on:

 www.mbcfx.com    Or contact us at: info@mbcfx.com

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The financial markets are unsteady ahead of the Fed meeting and the end of Twist policy


The financial markets are unsteady ahead of the Fed meeting and the end of Twist policy

 The US Dollar lost its strength waiting for the FED meeting

The US Dollar witnessed a sharp decrease against the major currencies and the Japanese Yen before today’s fed meeting that will announce the expected US economic growth and the interest  rate decision.

 On the other hand, the Euro takes the opportunity to cover some of losses against the US Dollar, but the single currency remains trading near its lowest level during 2weeks against the Japanese Yen.

 Concerning the AUD, it decreased further against the US Dollar and the major currencies after the release of negative data concerning the Australian business confidence that have worsened last month and retreated to its  lowest level since 2009.

While the investors are waiting the Interest rate decisions, The Gold futures edged high and has benefited from the weak dollar during the trading of  this morning.   

So will the Fed keeps its monitory policy , along with the  investors wait for the  interest rate decision of the U.S. Federal Bank for the current month , Will the  Bank remain on monetary policy or will change it ? will the Fed president use new tools to support the economic growth and the labor sector ?Or he would prefer to use these tools next year?

In addition, the Twist program is scheduled to expire this month, so we wait what the U.S. Federal Bank will decide and are there any alternatives??

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