GBPUSD is looking bearish on charts

Pivot Points

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0975	1.1002	1.1025	1.1052	1.1075	1.1102	1.1125
GBP/USD	1.5184	1.5232	1.5264	1.5312	1.5344	1.5392	1.5424
USD/JPY	119.06	119.60	120.03	120.57	121.00	121.54	121.97
USD/CHF	0.9739	0.9770	0.9815	0.9846	0.9891	0.9922	0.9967
AUD/USD	0.7071	0.7123	0.7158	0.7210	0.7245	0.7297	0.7332
EUR/GBP	0.7161	0.7175	0.7199	0.7213	0.7237	0.7251	0.7275
USD/CAD	1.3059	1.3104	1.3185	1.3230	1.3311	1.3356	1.3437
NZD/USD	0.6673	0.6713	0.6739	0.6779	0.6805	0.6845	0.6871

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SUMMARY:

The secondary trend of GBPUSD is sideways on charts. In its 4 hourly chart, the pair is sustaining above its rising trend line and is likely to give break out at downside. It is not sustaining at higher levels and consolidating with strong negative bias to show downside movement in the market. Its 30 and 200 DMA are also supporting the upcoming bearish trend in the pair. It is having an important support at the level of 1.5280. If it breaks its support level and sustains below it then we can expect it to show further bearish movement in the pair.

 

INDICATORS:-

MACD is sustaining in selling territory supporting the upcoming bearish trend in the pair.

RSI is also sustaining near the selling territory indicating the upcoming bearish trend in the pair.

STRATEGY: GBPUSD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

Crude oil prices rose by around 9 percent last week.

Today's Chart: CRUDEOIL 

Overview :

Crude oil prices rose by around 9 percent  last week. After hitting the psychological level of $50 and remain stable above the EMA50. Support is seen near a  vertical down ward trend line and resistance level  at $49.03, while resistance is seen near a EMA200  level at $51.94. Expected trading range for today $49.03 support level and $51.94 resistance level. On an intra day basis, we expect the positive momentum to continue the short term bearish trend. On the upside resistance level at $50.11, if market break this resistance level upside breakout is expected with potential target of $51.54

Technical- Levels

	R2	R1	S1	S2
Gold	1186	1171	1159	1149
SILVER	16.24	16.11	15.73	15.52
CRUDE OIL	53.17	51.14	47.45	45.67
COPPER	2.4693	2.4419	2.3863	2.3507
NATURAL GAS	2.614	2.564	2.492	2.453
PLATINUM	1003	996	976	965
PALLADIUM	742	721	700	683

U.S. exports are on track to decline this year for the first time since the financial crisis.

• U.S. exports are on track to decline this year for the first time since the financial crisis.
• Saudi’s Aramco offers further discounts to Asia & the US
• USD: US Non-manufacturing PMI expected to slip – TDS
• EURUSD upside potential capped – Rabobank
• UK's Osborne says there a lot of risks in world economy

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Oil Falls 1% as Demand Doubts Rise -
Oil prices fell around 1 percent on Friday, heading for a weekly decline, as weaker-than-expected U.S. economic data weighed on the energy demand outlook and Hurricane Joaquin veered away from oil installations in the U.S. East Coast.

Gold Rises After NFP Stumble and Palladium Surge : 
Gold held the biggest advance in almost nine months after figures showed that U.S. payrolls rose less than expected and wages stagnated, reducing the possibility of an interest rate increase this year.


Trade Setups in USD-pairs around September US NFPs -
Talking Points: ST EURUSD triangle begins to break lower; $1.1085 critical support. USDJPY remains rangebound, although NFPs could change that. See the DailyFX economic calendar for Thursday, October 1, 2015.

FOREX-Dollar edges lower ahead of this week's payrolls, China survey

• 
  
  
  
  
  
  USD May Consolidate Before Pushing Higher
• USDJPY 120.32 with a general USD+ sentiment so far as Europe gets underway.
• USD/JPY is poised for a big break USD/JPY finished last week strong with a 75 pip rally in the final six hours of trading.
• European Factors to Watch-Futures fall, Spain in focus after Catalan result.
• FOREX-Dollar edges lower ahead of this week's payrolls, China survey
• EM ASIA FX-Baht, peso edge higher; ringgit slips
• Oil prices fall on slowing global economic growth outlook
• Japan leading index CI July final 105.0 vs 104.9 prev
• Option expiries 10am NY cut today 28 Sept
• Report: China expected to unveil new growth measures. More rate cuts coming
• Chinese August industrial profits -8.8% y/y vs -2.9% prior
• Eurostoxx 50 futures down 1.2% in early European trading

• Softer sentiment as Europe gets underway

DAX futures -1.2%

CAC40 -1.0%

FTSE -0.7%

Bund futures up 28 at 155.71

Nikkei 225 closes down -1.32% at 17,645.11

• A steady session after early dip

-235.40

open 17811.12

high 17886.49

low 17562.80

USDJPY 120.26

Australia's S&P/ASX200 closes up +1.24% at 5104.60

• Switzerland opens investigation of precious metals manipulation

-those banks include UBS, Deutsche, Julius Baer, HSBC, Barclays, Morgan Stanley, Mitsui

suspicion relates to possible co-ordination of prices, namely bid/ask spreads

expects resolution in probe some time in 2016/2017

• Mr Yawnfest speaking in Osaka and delivering the same old drivel price trend is improving

1. will adjust policy if there are changes in price trend
2. sees reaching 2% price target in around H1 2016
3. further momentum needed to achieve 2% target
4. BOJ easing is exerting intended effect
5. rehang 2% target could come earlier or later depending on oil price

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Global stocks mostly lower. Investors await Yellen's speech for fresh clues on the Fed’s plan to raise rates

Stocks pared morning losses, but still ended moderately lower ahead of Yellen's speech:

U.S. stocks dropped but pared their steepest intraday declines, as worries over slowing global growth lingered.

Dollardips before Yellenspeech-Thursday's markets news so far

Dow futures were briefly down more than 150 points, while S&P 500 and Nasdaq futures also traded lower.

Treasury yields held lower, with the 2-year yield at 0.68 percent and the 10-year yield at 2.10 percent.
The U.S. dollar traded lower against major world currencies, with the euro at $1.125 and the yen at 119.4 yen against the greenback.

Stocks remain stuck in low gear following a late-August selloff, and last week’s decision by the Federal Reserve to keep rates near zero affirmed investors’ fears that growth had hit a rough patch.

The S&P 500 lost 6.52, or 0.3%, to 1932.24, while the Nasdaq Composite shed 18.27, or 0.4%, to 4734.48.

Bond prices rose, sending the yield on the 10-year Treasury note falling to 2.125% from 2.144% Wednesday.

U.S. stocks have generated wide swings in recent sessions since a late-August slide sent major indexes into “correction” territory, which is marked by a decline of 10% or more from a recent peak.

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RIP Shaikh Rashid bin Mohammed bin Rashid Al Maktoum

Mourning declared following the death of HH Sheikh Rashid bin Mohammed bin Rashid Al Maktoum

Three days of mourning have been declared following the death of HH Sheikh Rashid bin Mohammed bin Rashid Al Maktoum.

Sheikh Rashid was the eldest son of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

Al Dewan, Dubai Ruler’s Court, has declared three days mourning in Dubai, beginning today.

Shaikh Rashid was the eldest son of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Shaikh Rashid was a keen horse lover and was the owner of Zabeel Stables.

President His Highness Shaikh Khalifa Bin Zayed Al Nahyan mourned the death of Shaikh Rashid. Shaikh Khalifa expressed his heartfelt condolences and solace to Shaikh Mohammad.

Flags will fly half-mast at all government institutions in the emirate.

Sheikh Rashid was a well-known sports figure in the UAE. He participated in a number of International and local Endurance competitions winning a number of laurels for the country. His greatest achievement was winning 2 Gold medals in the 2006 Doha Asian Olympics 120 km Endurance individual mixed as well as 120 km Endurance Team Mixed events.

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European stocks reversed earlier losses to close higher Wednesday

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European stocks reversed earlier losses to close higher Wednesday, with worries about an economic slowdown in China offset by a strong open on Wall Street. France's CAC 40 was up by 13.76 points to 4,554.92 and Germany's DAX 30 gain 32.48 points to 10,048.05. FTSE 100 also managed to close at 6,083.31 with net gain of 24.77. US stocks ended higher on Wednesday, rebounding from two days of losses. The Dow Jones 30 gain 293.03 points to 16,351.38, while the S&P 500 and the Nasdaq 100 also gain 35.01 and 113.90 points to 1,948.86 and 4265.23 respectively. Asian markets traded on mix today. Japan’s Nikkei 225 which is only index traded on green note and up by 148.23 points to 18,243.63. Other Asian index like Hong Kong’s Hang Seng 50 Index is off today and Australia’s S&P/ASX 200 closed at negative note.

Index	Value	Net Change
Dow30	16,351.38	+293.03
S&P500	1,948.86	+35.01
NASDAQ100	4256.23	+113.9
DAX 30	10,048.05	+32.48
FTSE100	6,083.31	+24.77
CAC 40	4,554.92	+13.76
Nikkei225	18,243.63	+148.23
S&P/ASX200	5,041.50	-59.96
Hang Seng50	20,934.94	0.00

SUMMARY:

Major trend of Dow Jones 30 is bearish on daily charts. It has given upside recovery in last week trading session. It is again showing good recovery from lower level. It is likely to give northward movement in upcoming session as it has give closing below 50 DMA and trading with resistance of 200 DMA on hourly chart. On lower side it has support level of 16100. If it manages to sustain above 50 DMA and gives break out above 200 DMA then it would bring a strong confidence to reach 16700. Currently it is having resistance of 16400.

INDICATOR:-

RSI is about to cross up the 50 mark on hourly chart time frame. On ADX is likely to move up with strong accumulation on chart. ADX trading above 35 mark. If it sustain above the same then index would come in positive territory with positive DI has crossed up negative DI . 

EURCHF is looking bullish on charts

SUMMARY:

The secondary trend of EURCHF is sideways on charts. In its 4 hourly chart, the pair is consolidating with strong positive bias and is likely to give break out at upside. Its 30 and 200 DMA are also supporting the upcoming bullish trend in the pair. It is facing an important resistance at the level of 1.0895. If it breaks its resistance level of 1.0900 at upside then we can expect it to show further upside movement.

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.

MACD is also sustaining in buying territory indicating the upcoming bullish trend in the pair.

STRATEGY: EURCHF is looking bullish on charts for next few trading session. One can go for buy on dips strategy for this pair for intra day to mid term positions.

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1108	1.1156	1.1237	1.1285	1.1366	1.1414	1.1495
GBP/USD	1.5153	1.5225	1.5264	1.5336	1.5375	1.5447	1.5486
USD/JPY	116.64	117.95	118.66	119.97	120.68	121.99	122.70
USD/CHF	0.9431	0.9498	0.9540	0.9607	0.9649	0.9716	0.9758
AUD/USD	0.6819	0.6914	0.6967	0.7062	0.7115	0.7210	0.7263
EUR/GBP	0.7229	0.7264	0.7329	0.7364	0.7429	0.7464	0.7529
USD/CAD	1.3018	1.3067	1.3163	1.3212	1.3308	1.3357	1.3453
NZD/USD	0.6224	0.6269	0.6302	0.6347	0.6380	0.6425	0.6458

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$EURJPY Is In Bearish Trend

FOREX TRADING SIGNALS

SUMMARY : 

The primary trend of EUR/JPY is bearish, prices are successfully sustaining at the lower levels & looking  weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. Prices are also taking support at the important level of 131.35 Today if the pair breaks 131.35 & managed to sustain below it, then we can expect it to continue its ongoing trend & test the level of  131.00  in today's session. RSI is also sustaining in selling territory supporting downside movement in the pair. 


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EUR/JPY( Hourly )

CHARTS & SIGNALS

STRATEGY : 

EUR/JPY is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.


PIVOT POINTS :

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0725	1.0773	1.0812	1.0860	1.0899	1.0947	1.0986
GBP/USD	1.4943	1.4983	1.5056	1.5096	1.5169	1.5209	1.5282
USD/JPY	119.84	120.21	120.68	121.05	121.52	121.89	122.36
USD/CHF	0.9765	0.9791	0.9825	0.9851	0.9885	0.9911	0.9945
AUD/USD	0.7615	0.7648	0.7675	0.7708	0.7735	0.7768	0.7795
EUR/GBP	0.7102	0.7135	0.7154	0.7187	0.7206	0.7239	0.7258
USD/CAD	1.2517	1.2544	1.2574	1.2601	1.2631	1.2658	1.2688
NZD/USD	0.7242	0.7281	0.7321	0.7360	0.7400	0.7439	0.7479

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