Daily Market Analysis

was traded between 1.3798 to 1.4247 levels this week and locked in 1.4146 dollars. This week we had continued demands for the currency as the formulation of a comprehensive solution to the debt crisis by EU leaders continues in a positive manner. In this week's opening week saw the pair continues the journey of recovery - at 1.4090 dollars and further more at 1.4247 dollars. Now, the next target is 1.4340 dollars, if reached, market will probably examine this hard level of resistance. There is a chance, however, that the pair is to complete a full repair up to -1.4550 dollars. Levels of support are in the area from 1.4060 to 70 dollars, and -1.3950 dollars.



as the euro, was trade in accordance with our earlier expectations. The pair was supported by the level of 1.5830 dollars and later was back exactly to the goals that I set at 1.6130 to 50 dollars due to positive data from the United Kingdom and because the CPI is changed again and now stands at 5.2% at an year. Next week, we can expect the pair to continue rising to -1.6290 -1.6230 dollars. When reached, our assessment is that it could be contained and dropped back to a level of -1.6010 dollars. Medium-Long term forecasts - remains $ 1.72 (55 weeks moving average).



managed to base above the 200 days moving average and locked above something that can mark us of further increases, to the level of 0.8320 dollars, after reaches the first objective in -0.8150 dollars. Positive momentum should be maintained in the following week due to the drop in the levels of risk, increase in commodity prices and in anticipation of a general positive market momentum. Technical-wise, the support level is at 0.7860 dollars for now and it should hold.



gained on most of the trading days of this week due to the increase in world oil prices, market general positive momentum and flight from the dollar into other forms of investment. Last week we entered short at a price level of 1.0275 dollars when short term objective - 0.9950 was fully reached. Now, the next destination is in - 0.9810 to 0.9800, the 200 day moving average. In the long term-wise, the pair is under way to its new destination - 0.90 dollars. Stop loss level is at 1.0700 dollars.



made a remarkable recovery in the markets due to the positive and significant decrease in the fear index (VIX) and now expected to continue rising to 1.0780 dollars this week. Differentials still tend to clearly give hope for the Australian currency that still manages to find new currency investors in these levels so that traders who want to look for an opportunity to enter Long , can do so at 1.0620 to 1.0550 levels, when the target is 1.0780 dollars in the short term and longer-term -1.13. Strong support level is where you should place the stop - Loss - 0.99 dollars if it is locked below



prices can be expected to increases to 95.70 as a first step, and then 100 dollars an oil barrel. On Wednesday, after the release of the full report it started to get back to .93.50 dollars a barrel but failed to close above the 200 day moving average which is located on -94.93 dollars a barrel. Now, a flirt around these price levels is possible before basing over the 200 day moving average.



Ounce price to seize momentum as I anticipated as a significant correction wave counter previous declines. Price of an ounce is to climb back up to 1805 dollars per ounce due to escape from moderate investment types as dollar and government bonds.