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After breaking out to the upside on Friday, the Euro ended the US trading session approximately 50 pips away from its all-time high. So even though the European manufacturing PMI numbers were net disappointing with only Germany putting in a positive number to save face, the level of growth still remains stronger. This allowed the EUR to resume the uptrend directly and approach the 1.3681 level against the USD. The GBP pushed above the 2.0131 high and this keeps the medium term targets at 1.40-1.41 EUR/USD and 2.0505 GBP/USD well in-line to be met later this month before the August summer doldrums take us into a correction. Euro zone June PMI manufacturing was revised up to 55.6 from 55.4, which had already beaten expectations. However, both France and Italy reported declines, with Germany responsible for the overall increase. UK June house prices (Nationwide) rose a higher than expected 11.1% yr, up from 10.3% in May. This is the highest rate since January 2005, however house price growth is expected to slow later this year. UK June PMI manufacturing fell to 54.3 from 54.7. Export orders improved but overall new orders fell. Generally it seems that we are in the middle of a significant positive move of the EUR and GBP against the USD however we are already near records which might be breached. In contrast to the US dollar, traders were committed to buying the British pound today and nothing could stand in their way. Despite news that a burning car hit an airport terminal in Glasgow London this weekend and manufacturing conditions deteriorated in the UK, yesterday the GBP managed to hit a 26 year high. Part of that strength is certainly a result of dollar weakness since the GBP is down against the CHF, JPY and EUR, however the GBP would not be able to hit the highs that it did yesterday without a positive outlook for the near the future. Of all of the central banks meeting this week, the Bank of England is the only one that is expected to raise interest rates. With oil hovering near $70 a barrel, the world's concern for inflationary pressures will not be going away anytime soon. The interest rate curve is already pricing in 6 percent interest rates by the end of the year. bad credit credit creditres

JPY

Japanese earnings data decelerated in May. Ordinary earnings fell 0.6%yr in May, against a revised pace of -0.2%yr in April. Overtime earnings grew 1.1%yr, down from 1.5% in the prior month. Japanese Q2 Tankan was moderately better than expected. Large manufacturers' business conditions were unchanged at +23. The large non manufacturing headline was also stable at +22. Small firms saw conditions deteriorate slightly, while medium sized non-manufacturers saw conditions improve. Labor shortages remain broadly evident. The Tankan based output gap remains positive, but resource pressures were reduced slightly in the quarter. Capex spending plans for FY07 were revised up across the board. The sales and profit projections may portray an impending accommodation of wage increases. We must notice that even though the JPY strengthened against the USD and GBP, carry trades are still playing a major part in the market and the aggressive reduction caused also since of the profit taking which is compared to an aftershock reaction in those pairs especially the USD/JPY. We might see a continuation of those the JPY tendency to strengthen however the reversal is waiting few steps a way. bad consolidation credit debt

=> Technical News EUR/USD

The daily chart implies another test of the 1.3678 which may determine a new record . On the 4 H chart a stamping is reflected which might eventually become a reversal. Slow Stochastic crossed at 91 and Momentum at 101.324 with a negative divergence implying a clear bearish trend which is due to be establish. Going Long seems risky at this point. bad company credit repair

GBP/USD

A 25 year record was broken yesterday and the 4H chart reflects more room to go . There are no signs for a reversal yet, however those will be shown when this aggressive bullish trend will be out of steam. Our opinion is that this reversal will take place in the next 8-12 hours and then we expect this pair to test 2.0063. USD/JPY The 4 H chart implies the end of the bearish trend and the reversal signal has already appeared so we expect this pair to test the 122.70.. bad card credit credit

USD/CHF

A reversal has taken place over the last 12 hours in the pair after the 4H charts provided signals as such. We expect the down-move to continue but only after a correction takes place. Look for 1.2150 to be tested in the next 24 hours. => The Wild Card GOLD After a 4 day uptrend, GOLD prices have been moving sideways. Forex traders may find themselves looking for a direction but without momentum, this will be difficult. Look for a clear reversal signal to support a downward move towards 650. bad car credit loan

There are two bearish flags forming on the 4 Hour chart that sent the pair to 1.3483 which is a two month low. The daily chart shows that the bearish trend has not ended yet and sets 1.3437 as a significant barrier which probably slows down the current bearish trend. The Momentum Indicator is supporting this aggressive trend and traders should seek the upcoming reversal which may offer a good entry point for a short term buy position. bad credit loan mortgage

GBP/USD

There is a bearish channel forming on the daily chart with a bottom barrier located at 1.9841. Traders should pay attention for a breakout as this pair is expected to consolidate at 1.9798. The 4 Hour chart supports the bearish trend continuance as the slow stochastic is clearly in over sold territory with a negative slope. A preferable strategy might be to go short on peaks. auto bad credit loan

USD/JPY

A mild bearish channel is forming On the 4 Hour chart with 116.67 as a support barrier which is going to be tested, probably today. In case of a breach the pair might be in its way to 116.23. Going long might be preferable after the reversal will take place. USD/CHF The pair is in the middle of a very intense up trend, which was initiated after a breach through the 1.2000 level has occurred. The slow stochastic shows an overbought status which indicates that a correction might occur before the uptrend continues. Target price appears to be 1.2220. bad credit mortgage refinance

=> The Wild Card Gold

There has been a bearish flag forming on the 4 Hour chart, indicating that the momentum is still down. The RSI is floating around 50, which supports the notion that there is still plenty of room to run. This provides forex traders with a great opportunity to go short on a very solid downtrend. => Indicators bad credit refinance

1.3560 2.0130 118.45 1.2325 0.8390 0.6800 1.3463 1.9920 117.17 1.2220 0.8240 0.6780 Support 1.3400 1.9762 115.60 1.2110 0.8000 0.6755 1.3373 1.9730 115.28 1.2055 0.7970 0.6720 1.3277 1.9662 115.00 1.1980 0.7945 0.6708 => Economic News USD Yesterday, the USD extended its gains across the board after a string of positive US economic data. The US Core CPI data released inline with expectations at 0.2% and overall remained unchanged since last month. The Empire State Business Conditions Index released at 25.1, surprisingly beating the expected figure of 18, which gives a strong indication that future reports on manufacturing in the US are also likely to support the USD's rise. Housing and credit concerns are still here and the crisis hasn't been resolved yet. In order to make cash available, central banks worldwide have pumped billions in funds to banks over the past week, but along with this, Federal Reserve officials are insisting that there are no signs that the subprime issue is harming the broader economy and an interest-rate cut is not yet needed despite the fact that the fund injection could be compared to an interest rate cut from the perspective of the market. On the back of these positive sentiments, the US currency hiked to 1.3400 against the EUR. There is no real market moving news to be released from the US markets today. The news coming out of the US will be the Housing Starts and Building Permits figures and since there are no particular expectations, these indicators will likely generate little interest. Consumer Sentiment Index is the only news release expected from USD for the rest of the week. The core figure is expected to release at 88.5 which is a slight drop from last month's figure 90.4. Therefore, it will be crucial for traders to identify how the preceding economic indicators from Europe and the UK will affect the greenback. bad credit mortgage second

EUR

Yesterday, the majority of news releases from the Euro zone came out quite negative. The GBP Average Earnings Index figure released at 3.3%, slightly lower than the expected figure of 3.5%. This negative momentum was further exacerbated by the weaker than expected GBP Claimant Count Change. This index measures the change in the number of people claiming unemployment related benefits over the previous month. A falling trend has a positive effect on the nation's currency. The figure released in negative territory at -8.5K. This number didn't beat the expected figure of -9.8K, it was still significantly lower than last month's figure of -14.1K. bad credit loan student

Analysts continue to assert that a EUR interest rate hike is expected despite the fund injections that occurred in the Euro zone. Today the most significant news coming out of the Euro zone will be the England's Retail Sales. The figure is expected to release at 0.1%, which is 50% below the previous month's figure which might strengthen the negative momentum which the GBP is suffering from. JPY bad card credit

The USDJPY pair did trade at a six week low of 120.37 during the night session when as overall the USDJPY traded with a range of a low 120.80 and a high of 121.65 before closing the day at 120.47 => Technical News EUR/USD On the 4 H chart we notice that the bullish trend is running a head. The volatility has decreased and the EUR/USD is in a consolidation pattern after it broke the 1.3830 resistance level. The price action should continue to be upwards in a range between 1.3810 to 1.3860. As it seems, the bullish pressure will continue to gather momentum also today. The long term target is 1.4000. bad credit financing

USD/JPY

The USD JPY broke the 120.50 support. USD/JPY is in a downtrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands have tightened. We should expect to see also today a bearish configuration. 1H, 4H Elliott pattern implies that the pair will continue to gather momentum. The target is expected at 120.00 USD/CHF The USD CHF is in a bearish configuration. The volatility has decreased. The pair has moved without a trend and has swung around the exponential moving average (EMA 50 and 100). Bollinger bands have tightened as well. 1H, 4H Elliott pattern implies a continuation of the bearish pressure. The target is expected at 1.2000 bad credit home loan mortgage

=> The Wild Card EUR/JPY

On the 4 H chart we notice that the bearish trend is running ahead. The volatility decreases and the pair is in a consolidation after it has broken the 166.70 support level. The price should continue to move downwards in a range of 167.10 to 166.20. As it seems, the bearish pressure will continue to gather momentum in the Forex market also today. The long term target is 164.00. bad credit loan people

=> Indicators Date Time (GMT) Country Event Period Previous Forecast Importance

07/24/2007 08:30 JPY BOJ Governor Fukui Speaks ** 07/24/2007 09:00 EUR Manufacturing PMI 55.6 55.5 * 07/24/2007 09:00 EUR Italian Retail Sales m/m -0.4% 1.0% * 07/24/2007 09:00 EUR Current Account -4.0B 0.0B * 07/24/2007 11:00 GBP CBI Industrial Trends Orders 8 7 ** 07/24/2007 13:30 CAD Retail Sales m/m 0.4% 0.5% ** bad card credit credit people

1.3867 2.0670 120.85 1.2095 0.8920 0.6760 1.3845 2.0630 120.60 1.2080 0.8895 0.6728 Support 1.3800 2.0580 120.00 1.2010 0.8838 0.6835 1.3772 2.0550 119.73 1.2000 0.8800 0.6800 1.3745 2.0532 119.45 1.1985 0.8785 0.6775 => Economic News USD Yesterday the USD continued to range trade in bearish terrain against the EUR and the Sterling on a day which was light on US news releases. However the greenback experienced some strong volatility against the CAD on the back of the release of Canadian Retail Sales which soared to 2.8 % in May, beating the expected figure of 0.5 % and thus posting the largest monthly gain in just under a decade. Also the Core figure came in at 2.3 %, beating the expected figure of 0.6 %. The dollar slipped to a thirty year low against the CAD as the unexpectedly strong retail sales figures triggered expectations that the Bank of Canada will be hawkish with regards to its future monetary policy. Investors have been expecting the Bank of Canada to hike the interest rate in September but yesterdays retail sales figures has got investors believing that we will see rate hikes even beyond that point. However the dollar freefall against the CAD can also be attributed to the US economy's worsening credit woes coupled with problems in the housing sector, which are the main factors responsible for the underlying weakness in the USD. To make matters worse for the troubled US housing sector it was reported yesterday that the largest US mortgage lender, which is a company called Countrywide Financial Corp., cut its full year earnings projection and reported a 33 % drop in its second quarter profits. Looking ahead to today, the most significant news to be released from the US will be the Existing Home Sales figure which is expected to release significantly lower than last months figure of 5.99 M at 5.87 M. It is also very important for traders to watch the US stock market closely today because if the Existing Home Sales figure releases weaker than expected this may cause the equity markets to panic and therefore there will be potential for a carry trade unwind. Should a carry trade unwind occur it will cause the greenback to appreciate against the higher yielding currencies even though it is currently under a lot of pressure. On the other hand the carry trade unwind will cause the dollar to weaken significantly against the JPY. However in the longer term the USD should weaken against the higher yielding currencies as US Core inflation is likely to continue to trend down and the recession in the housing market will bear a significant impact on future US GDP figures. Also the weak dollar is in the Fed's interests as it is boosting exports and thereby strengthening the US economy bad credit guaranteed loan

The European morning will start with ECB President Trichet's speech at the breakfast meeting organized by the European Policy Centre, in Brussels. Trichet will mostly discuss future considerations of an interest rate adjustment. bad credit refinancing

The following releases are expected to come out of the UK today, kicking off with the UK PPI Output and Input figures. The PPI Input is expected to be released at 1.4% which is much higher than last month's -0.5%. The UK PPI Output is also expected to come a bit higher than last month on 0.2% and a previous figure of 0.1%. The second release will be the UK Industrial Production which is expected to rise from a negative territory of -0.1% to positive levels of 0.3%. bad credit equity home loan

Other than that it appears that today will be relatively quiet and the entire trading day is expected to be characterized by low liquidity all across the board. JPY Last week, the JPY was the only major currency to decline against the USD almost on a daily basis. On Friday the USD rose 0.3%, to a fresh record high of 116.85 vs. the JPY, making it the biggest weekly loss against the USD in more than a year. The Japanese currency has also fallen for the 4th straight week vs. the EUR, losing 0.9% to 165.40. Since the end of the previous week, the JPY continued to lose ground as investors increased Carry Trades under the notion that Asian equities will follow U.S. stocks higher. Currently the JPY is trading around the 117.00 level against the USD and 165.50 against the EUR. Today will be quite a thin trading session for the JPY as there is no news expected from Japanese markets. Later this week, the JPY Interest Rate Announcement will be closely watched, although no change in rate is expected. Therefore, most price movement on the JPY pegged currencies will be derived mainly from European and American markets. bad credit loan payday

=> Technical News EUR/USD

The pair is in stable consolidation around 1.4120 and as the Bollinger bands are getting tighter the next move is getting closer. There is a bearish cross forming on the 4 Hour chart, indicating that the next break will probably be bearish. The daily charts are quite neutral, as traders should look for entry point on the hourly level. bad credit repair

GBP/USD

The cable is in the midst of a moderate uptrend which seems to be in a halt. The hourly charts are giving no distinct signals, and the dailies are floating on neutral ground. It would be preferable to stay out for the moment and wait for a clear signal on the 4 Hour chart be fore placing an order. USD/JPY There is a solid channel forming on the 4 Hour chart as the pair now floats on the bottom barrier. The slow stochastic and RSI are showing that the bullish momentum is still strong, and that the next target price might be 117.80. bad credit home loan uk

USD/CHF

The pair is still in the middle of the correction move initiated in 1.1620 and it appears to continue with full steam. The daily slow stochastic is signaling that there is still more room to run. The hourlies are supporting the bullish notion as the RSI is floating around the 50 area, which means that the trend is nowhere near over. The next target price might be 1.1840. 2nd bad credit mortgage

=> The Wild Card Crude Oil

There has been a bearish breach through the bottom barrier of the upwards channel. The breach indicates that the correction move will be equal to the channel's width. The oil has completed the correction move, and the daily study show that the main uptrend will probably resume shortly. This is a great opportunity for Forex traders to jump back onto the uptrend at a relatively low price. bad credit loan unsecured

Japan's Tankan Big Manufacturing for Q4, which measures the confidence among Japan's largest manufacturers, rose from a 24 in the previous quarter to a 25 reading in the 4th quarter. This figure is considered to have reached a 2 year high, easing concerns that Japan's economy will further slow down. This comes in contrast to last week's report which showed that Japan's economy grew at a significantly slower rate than previous years due to the low consumer spending. Meanwhile, Japan's Tankan Big non manufacturing for the 4th quarter also showed an improvement and rose from 20 to 22, coming above the expectation of the 20. These supportive JPY data are still not likely to lead the Bank of Japan (BOJ) to hike its rates at its next meeting. However, if future data from Japan continue to show signals that the economy is expanding once again, we would expect the BOJ to increase its rates next year and causing a JPY appreciation in the long term. As for today, we expect the JPY to be mainly affected by the heavy data coming out from the U.S and the Eurozone. bad consolidation credit loan

=> Technical News EUR/USD

A relatively strong downtrend was formed overnight, creating a strong support around 1.3130. Daily studies are bearish, as hourlies reach oversold levels. If the pair will break through 1.3120 then a further decrease is expected to the 1.3080 levels before the pair bounces back up. Buying on dips might be favorable for today. GBP/USD bad credit home loan new

The GBP/USD has been ranging in the 1.9575/1.9730 zone for the last three days. Daily studies are turning even more bearish, with plenty of room to run. A sustained break of 1.9575 will targets the next key support at 1.9460. Hourlies are currently on neutral levels. bad business credit loan

USD/JPY

An overnight uptrend with a spike at the 118.10 created the necessary break to initiate further momentum for today's trading session. The pair is consolidating around 117.70, as dailies and hourlies are distinctively bullish. Next target price is 118.60. USD/CHF A very important break of the December 11 high at 1.2100 was made in the last 24 hours. Daily studies are bullish, with plenty of room to run. The 1.2185 level is the initial resistance and break will spur new momentum in the uptrend. Hourly studies are edging off overbought levels. bad credit lender mortgage

=> The Wild Card AUD/CAD

The pair has created a very distinctive channel on the 4 hours chart. It has been establishing a dip in the 0.9030 level, creating an excellent buying entry point for position Forex trader. Dailies and hourlies are turning bullish, and the market momentum is now positive. => Indicators Date Time (GMT) Country Event Period Previous Forecast Importance bad credit home loan mobile

15/12 10:00 Eurozone CPI / HICP M/M Nov. 0.1% 0.0% *** 15/12 10:00 Eurozone CPI / HICP Y/Y Nov. 1.8% 1.8% *** 15/12 10:00 Eurozone CPI Core Y/Y Nov. 1.5% 1.6% *** 15/12 10:00 Eurozone Industrial Production M/M Oct -1.0% 0.4% *** 15/12 10:00 Eurozone Industrial Production Y/Y Oct 3.3% 4.4% *** 15/12 13:30 U.S CPI M/M Nov. -0, 5% 0.20% *** 15/12 13:30 U.S CPI Y/Y Nov. 1.3% 2.2% *** 15/12 13:30 U.S CPI Core M/M Nov. 0.1% 0.2% *** bad cash credit loan

FOREXYARD Daily Forex Analysis =>

18-Dec-2006 => Headlines * US Economy Growing Stronger, Pre Holidays. * Little Data From US and Europe Today. Start Trading => Demo Account => SuperMini Account => Pro Account Live Chat bad credit loan private

Weekly Trend No No Up Up Down Down Resistance 1.3230 1.9740 119.05 1.2303 0.7994 0.6825 1.3186 1.9640 118.60 1.2210 0.7936 0.6794 1.3108 1.9596 118.10 1.2198 0.7842 0.6725 Support 1.3082 1.9560 117.86 1.2124 0.7820 0.6690 1.3058 1.9520 117.47 1.2083 0.7795 0.6648 1.3000 1.9490 117.14 1.2028 0.7749 0.6606 => Economic News USD The previous week was a great example of the Forex wonders. We had an example of how quickly the market changes its mind, from a clear bullish trend back into bearish zone. bad card credit debt

So what really happened last week Actually it all started with the unemployment numbers last Friday (the 8th of Dec) first to stop the major's rally against US Dollar. Then it seemed like traders decided to disregard the disappointing figures of the CPI which came flat missing expectation of 0.2%, and the dovish statement by the Fed regarding the rate decision - unchanged at 5.25% for the fourth consecutive month. The FOMC noted that the housing market is " cooling substantially" and that the US economy is likely to expand though at a moderate pace. bad business credit loan small

However, the market was determined to give more attention to the positive data. The trade balance shrank by 8.4% to 58.9B, better then expectations of 63B - the biggest upswing in 5 years. If that wasn't enough, the retail sales unexpectedly rose by 1.0% in November, beating the consensus of 0.3%. We can also mention the Import/Export prices, NY manufacturing index and the industrial production which came stronger then expected. bad bankruptcy car credit loan

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