GBP/USD: Sell off in cable continues before a bounce is expected

Every week, we are publishing the Experts Forecast Currencies Poll. A pool of selected traders and analysts gives us their targets for the major currencies for the week, month and quarter to come. They also indicate the whole trend in these periods.

The report includes a visual table for each pair, as well as the comments that the experts might have added to their analysis.

Forex Trading Signal for 8th July 2013

                                                                                


Japan (Tokyo)                               United Kingdon (London)                        USA (New York)

For more easy access,,,,,,Download our mobile application on your mobile :   Click Fxsignals 

EUR/USD

 SELL Trend :

 (1) SELL

E/P: 1.28469

T/P: 1.28000

S/L: 1.28900

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GBP/USD

Down Trend:

(1) SELL

E/P: 1.49372

T/P: 1.49000

S/L: 1.49700

NOTE: The above posted Signals are delayed 2 - 4 hours after it has been  generated.
Daily forex signals are sent ontime to only our subcribers.

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Forex Trading Signal for 5th July 2013

                                                                                


Japan (Tokyo)                               United Kingdon (London)                        USA (New York)

For more easy access,,,,,,Download our mobile application on your mobile :   Click Fxsignals 

EUR/USD

 SELL Trend :

 (1) SELL

E/P: 1.29354

T/P: 1.28900

S/L: 1.29700

 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

GBP/USD

Down Trend:

(1) SELL

E/P: 1.51335

T/P: 1.50800

S/L: 1.51700

NOTE: The above posted Signals are delayed 2 - 4 hours after it has been  generated.
Daily forex signals are sent ontime to only our subcribers.

To subcribe: click here

La telépresence Cisco passe en TC6.2

Une video qui présente les évolutions du Firmware TC6.2 pour terminaux TelePresence Cisco MX, EX, SX et codecs C




Aller plus loin : http://gblogs.cisco.com/fr-collaboration/2013/06/firmware-tc6-2-pour-terminaux-telepresence-cisco-mx-ex-sx-et-codecs-c/#more-2667

European stocks higher after ECB comments; Dax up 0.35%

European stocks edged higher on Friday, after Thursday's comments by European Central Bank President Mario Draghi, while markets eyed the release of key U.S. employment data later in the day. 

During European morning trade, the EURO STOXX 50 gained 0.35%, France’s CAC 40 edged up 0.20%, while Germany’s DAX 30 rose 0.35%. 

On Thursday, ECB President Draghi said the bank expects to maintain interest rates at current or lower levels for an “extended” period of time.

Draghi said risks to growth in the euro zone remain “on the downside” and added that monetary policy will remain accommodative for as long as is necessary.

The comments came after the ECB left interest rates on hold at record lows of 0.5%. 

Investors were awaiting Friday’s closely watched U.S. nonfarm payrolls report for further clues on when the Federal Reserve may decide to unwind its USD85 billion-a-month stimulus program. 

Financial stocks were broadly higher, as French lenders BNP Paribas and Societe Generale surged 1.71 and 2.32%, while Germany's Deutsche Bank advanced 0.71%. 

Peripheral lenders added to gains, with Spanish bank Banco Santander climbed 0.58%, while Italy's Intesa Sanpaolo and Unicredit jumped 1.54% and 1.83%. 

On the downside, Heineken retreated 0.95% after JPMorgan downgraded the stock to "underweight" from "neutral". 

In London, FTSE 100 added 0.19%, as U.K. lenders tracked their European counterparts higher. 

Shares in Lloyds Banking advanced 0.41% and Barclays climbed 0.48%, while HSBC Holdings gained 0.74% and the Royal Bank of Scotland surged 2.79%. 

Meanwhile, mining stocks were broadly lower, as BHP Billiton and Rio Tinto lost 0.38% and 0.39% respectively, while Anglo American fell 0.24%. 

In the U.S., equity markets pointed to a sharply higher open. The Dow Jones Industrial Average futures pointed to a 1.03% jump, S&P 500 futures signaled a 1.07% rally, while the Nasdaq 100 futures indicated a 1.10% surge. 

Later in the day, Germany was to produce official data on factory orders.

Asian stocks rally ahead of U.S. jobs report; Nikkei up 1.31%

Asian stocks traded broadly higher Friday ahead of the June non-farm payroll report due out before the start of U.S. trading Friday. 

In Asian trading Friday, Japan’s Nikkei 225 jumped 1.31% as Asian equities were boosted by comments issued Thursday from the Bank of England and the European Central Bank. 

The euro slipped after European Central Bank President Mario said that the central bank’s monetary policy will “remain accommodative as long as needed”.

He added that rates will stay low for an “extended period of time.” Draghi’s comments came after the ECB held its benchmark interest rate at a record low 0.50% in July, in line with expectations. Goldman Sachs said the ECB "is more likely than not to ease further from here." 

Hong Kong’s Hang Seng climbed 1.32% while the Shanghai Composite rose 0.24%. On Thursday, China announced it suspended industry-specific data from being included in its monthly survey of manufacturing purchasing managers. 

The China Federation of Logistics & Purchasing, which compiles the data with the National Bureau of Statistics, said there is limited time in which to accurately process the data from a massive number of companies and industry groups. 

Australia’s S&P/ASX 200 added 0.8% and is head for a weekly gain after getting a lift from materials and financial services shares. 

The Aussie rallied against the British pound after the Bank of England left its benchmark interest rate unchanged at 0.5% on Thursday and said economic data over the past few months was consistent with the recovery set out by the bank in its May inflation report, but warned that the "significant upward movement" in bond yields would weigh on the outlook for growth. 

“In the Committee’s view, the implied rise in the expected future path of Bank Rate was not warranted by the recent developments in the domestic economy”, the BoE said. 

New Zealand’s NZSE 50 advanced 0.68% while South Korea’s Kospi inched up 0.13%. Singapore’s Straits Times Index added 0.63%. 

S&P 500 futures surged 0.91%. U.S. markets were closed Thursday in observance of the Independence Day holiday.

Forex Analysis: EUR/USD Wavers after 1.3000 Breakdown

July 03, 2013 – EUR/USD (daily chart) has tentatively stalled and fluctuated after having just made a significant breakdown below the major prior support level at 1.3000. This breakdown has been the culmination of two weeks of substantial bearishness that brought price down from its intermediate highs just above 1.3400 down to today’s low well below 1.3000. Having just broken down below this major support barrier, the currency pair has made a strong bearish stance. If price is able to stay below 1.3000, further downside should target the 1.2800 support objective in the short-term. A further breakdown below 1.2800 would confirm the strong bearish trend bias for the pair, and could prompt a move towards downside targets around 1.2650 and then 1.2300.

James Chen, CMT
Chief Technical Strategist
City Index Group