DAILY FOREX NEWS BY UBP, 25 04 2013

EXCHANGE RATES

Currency Support II Support I Level Resistance I Resistance II
EURUSD 1.2850 1.2940 1.3040 1.3180 1.3200
GBPUSD 1.4880 1.5000 1.5310 1.5400 1.5600
EURGBP 0.8350 0.8400 0.8510 0.8750 0.8800
USDCHF 0.9000 0.9330 0.9460 0.9550 0.9600
USDJPY 95.00 97.50 99.20 100.00 102.50
USDCAD 0.9920 1.0100 1.0240 1.0350 1.0400
AUDUSD 1.0000 1.0100 1.0310 1.0600 1.0800
EURJPY 117.00 118.70 129.40 130.50 132.00
XAUUSD 1380 1400 1444 1480 1500
XAGUSD 21.30 22.50 23.25 24.30 25.00

EVENTS & MEETINGS

BoE?s Haldane speaks at Conference in London. 12:30 Gmt
ECB?s Constancio speaks at Brussels single market conference.
13:30 Gmt

VIEWS & TRADING IDEAS

EUR/USD

The pair is holding pretty well despite weak European numbers seen
this week. German Ifo and PMI were a clear deception but the single
currency is still holding in the 1.3000 area and is failing to break
lower. We believe this serie of weak numbers should weight on the pair
and will keep selling the rallies ahead of the 1.3200 resistance.

GBP/USD

Cable is again above the 1.5300 level this morning. We were
expecting a drop to the 1.5000 but recent price development makes us
think that a pull back to the 1.5400 should be seen before. We?ll keep
a close eye to the UK GDP due today for the 1rst Quarter.

USD/CHF

The pair is trading higher, it did almost reach the 0.9500
yesterday. We might have a small pull back from here but downside
looks limited and we would be buyer in the 0.9380/0.94000 area. We
still expect more gains in the coming days with a target at 0.9550.

USD/JPY

The pair is still well bid but still finding the same difficulties
to touch the 100.00 level. We believe this is a matter of time before
we cross this 100.00 level and we keep favouring buying the weaknesses.

AUD/USD

Aussie is stabilizing in the 1.0250/1.0300 area. We prefer to be
neutral on the pair as risk of a break on the downside is still well
present.

USD/CAD

The pair is getting borrowing as intraday range are very small. We
will keep playing the 1.01-1.03 range with no clear convictions.

Commodities

Gold returns to the favour of the crowd. Good buying was found
overnight from the physical side especially from chinese players who
will be absent next week and are trying full their boots before their
short holidays.
Silver is definitely disapointing everyone and has again tried the
support at 23.00 overnight. Its lagging in comparison of the Pgm's as
well but if all the other three metals are going up it would not be
surpising to see rising at least one dollar. The option volatility is
heading south in general showing that the downside fear.

******

Burada yer alan yatırım bilgi, yorum ve tavsiyeler yatırım
danışmanlığı kapsamında değildir. Yatırım danışmanlığı hizmeti,
aracı kurumlar, portföy yönetim şirketleri, mevduat kabul etmeyen
bankalar ile müşteri arasında imzalanacak yatırım danışmanlığı
sözleşmesi çerçevesinde sunulmaktadır. Burada yer alan yorum ve
tavsiyeler, yorum ve tavsiyede bulunanların kişisel görüşlerine
dayanmaktadır. Bu görüşler mali durumunuz ile risk getiri
tercihlerinize uygun olmayabilir. Bu nedenle, sadece burada yer
alan bilgilere dayanılarak yatırım kararı verilmesi beklentilerinize
uygun sonuçlar doğurmayabilir.

*******

Foreks Haber Merkezi ( [email protected] )
http://www.foreks.com
http://twitter.com/#!/ForeksTurkey