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EUROPEAN CLOSING EUR/GBP OUTLOOK - +0.8380+
Update Time: 29 Jul 2010 15:10GMT
EUROPEAN CLOSING EUR/GBP OUTLOOK - +0.8380+

Although euro has eased after rising to 0.8378,
as long as 0.8350/55 holds, consolidation with mild
upside bias remains for nr term rise fm y'day's low
of 0.8313 to retrace decline fm 0.8532 to extend
marginally twd 0.8395/00 b4 retreat.

Hold long with stop as indicated, below wud
defer but reckon said 0.8313 shud remain intact.


   Rate: +0.8380+
   Strategy: +Target met+
   Position: Long at 0.8355
   Objective: +0.8380+
   Stop-Loss:
   Resistance: 0.8400/0.8417/0.8445
   Support: 0.8351/0.8313/0.8273
EUROPEAN CLOSING EUR/CHF OUTLOOK - +1.3590+
Update Time: 29 Jul 2010 15:10GMT
EUROPEAN CLOSING EUR/CHF OUTLOOK - +1.3590+

Intra-day selloff fm 1.3755 has kept price under
pressure, suggesting consolidation with downside
bias remains for corrective decline fm y'day's high
of 1.3819 to extend twd 1.3580, however, o/sold con
dition shud keep price well abv 1.3546 today.

Trade fm short side with stop as indicated, break
wud risk 1.3715 (prev. sup, now res) b4 'down'.


   Rate: +1.3590+
   Strategy: +Target met+
   Position: Short at 1.3630
   Objective: 1.3590
   Stop-Loss:
   Resistance: 1.3667/1.3715/1.3755
   Support: 1.3580/1.3546/1.3516
INTRA-DAY EUR/USD OUTLOOK - +1.3090+
Update Time: 29 Jul 2010 11:19GMT
INTRA-DAY EUR/USD OUTLOOK - +1.3090+

As euro has risen abv good 1.3047 res due partly
to cross-buying vs yen in Europe, suggesting recent
upmove fm 1.1876 has once again resumed n further
headway to 1.3095 wud be seen but nr term o/bot con
dition shud cap price well below 1.3144.

+Buy at market with stop as indicated+, below
wud signal a top is made, 1.2995/00.


   Rate: +1.3090+
   Strategy: +Target met+
   Position: +Long at 1.3058+
   Objective: +1.3090+
   Stop-Loss:
   Resistance: 1.3095/1.3144/1.3229
   Support: 1.2967/1.2952/1.2921
SPOT SILVER WEEKLY OUTLOOK - +17.50+
Update Time: 28 Jul 2010 12:49GMT
SPOT SILVER WEEKLY OUTLOOK - +17.50+

Silver's recovery fm 17.49 is expected to be cap
ped below 18.48/50 n the decline fm 19.42 top shud
resume for re-test of 17.49, then twd 17.09.

Trade fm short side with stop as indicated, abv
wud abort n risk stronger correction to 18.77...


   Rate: +17.50+
   Strategy: +Target met+
   Position: Short at 18.25
   Objective: 17.50
   Stop-Loss:
   Resistance: 18.48/18.77/19.42
   Support: 17.49/17.09/16.58
DAILY EUR/JPY CROSS OUTLOOK - 114.50
Update Time: 28 Jul 2010 06:58GMT
DAILY EUR/JPY CROSS OUTLOOK - 114.50

Despite euro's intra-day resumption of upmove fm
this 107.30 (Jun) to 114.74, lack of follow through
buying n current retreat suggest consolidation is
seen but reckon 113.75 (Asia) wud contain weakness
n yield another rise later.

Wud be prudent to exit long n stand aside. Abv
said res wud extend gain to 115.00 n then 115.30/40


   Rate: 114.50
   Strategy: Exit long
   Position: Long at 113.80
   Objective:
   Stop-Loss:
   Resistance: 115.00/115.50/116.02
   Support: 113.75/113.40/112.79
DAILY AUD/USD OUTLOOK - +0.8940+
Update Time: 28 Jul 2010 01:50GMT
DAILY AUD/USD OUTLOOK - +0.8940+

Despite y'day's resumption of recent upmove fm
0.8066 to a 10-wk high of 0.9069, subsequent intra-
day retreat in the commodity currencies suggests a
temp. top is possibly made n below 0.9000 wud bring
minor retrace. to 0.8940 but 0.8896 sup shud hold.

Turn cautious seller on recovery, stop as indica
ted, abv may risk marginal gain twd 0.9109 b4 down.


   Rate: +0.8940+
   Strategy: +Target met+
   Position: +Short at 0.9025+
   Objective: 0.8940
   Stop-Loss:
   Resistance: 0.9000/0.9069/0.9109
   Support: 0.8896/0.8860/0.8800
INTRA-DAY AUD/USD OUTLOOK - +0.8975+
Update Time: 28 Jul 2010 01:30GMT
INTRA-DAY AUD/USD OUTLOOK - +0.8975+

Although aud's retreat after y'day's resumption
of recent upmove to 0.9069 suggests a minor top is
possibly in place, a breach of nr term good sup at
0.9000 needed to bring retrace. to 0.8970/75, rec-
kon 0.8940/45 wud contain weakness n bring rebound.

Trade fm short side n exit on subsequent fall.
Abv 0.9037 signals pullback is over, 0.9069 again.


   Rate: +0.8975+
   Strategy: +Target met+
   Position: Short at 0.9015
   Objective: 0.8975
   Stop-Loss:
   Resistance: 0.9037/0.9054/0.9069
   Support: 0.8972/0.8930/0.8896
INTRA-DAY USD/JPY OUTLOOK - 87.85
Update Time: 27 Jul 2010 16:46GMT
INTRA-DAY USD/JPY OUTLOOK - 87.85

Dlr's rally abv Monday's high of 87.78 on usd's
short covering in NY suggests corrective upmove fm
86.27 has resumed n further headway to 88.02 is ex-
pected, however, near term o/bot condition shud pre
vent rise abv there n yield retreat.

Exit long in view of downside risk. Below 87.43
brings weakness to 87.26.


   Rate: 87.85
   Strategy: Exit long
   Position: Long at 87.55
   Objective:
   Stop-Loss:
   Resistance: 87.78 / 88.02 / 88.33
   Support: 87.43 / 87.26 / 87.04
INTRA-DAY EUR/GBP OUTLOOK - 0.8359
Update Time: 27 Jul 2010 13:07GMT
INTRA-DAY EUR/GBP OUTLOOK - 0.8359

Despite euro's rise abv y'day's high of 0.8396,
subsequent sharp retreat fm 0.8417 suggests consoli
dation below there is in store n weakness to 0.8350
/55 is envisaged, however, reckon downside shud be
ltd n yield another upmove later.

Wud be prudent to exit short n stand aside. Abv
0.8385/90 wud yield possible re-test of high.


   Rate: 0.8359
   Strategy: Exit short
   Position: Short at 0.8385
   Objective:
   Stop-Loss:
   Resistance: 0.8417/0.8438/0.8466
   Support: 0.8370/0.8351/0.8318
INTRA-DAY USD/JPY OUTLOOK - +87.70+
Update Time: 27 Jul 2010 13:03GMT
INTRA-DAY USD/JPY OUTLOOK - +87.70+

Despite a minor pullback to 87.27, subsequent
bounce suggests consolidation with upside bias re-
mains n abv 87.48 wud bring stronger gain to 87.58,
however, this week's high of 87.78 wud hold n yield
possible retreat.

Hold long with stop as indicated, below wud pro-
long choppy trading n risk 86.73/82...


   Rate: +87.70+
   Strategy: +Target met+
   Position: Long at 87.40
   Objective: +87.70+
   Stop-Loss:
   Resistance: 87.48 / 87.58 / 87.78
   Support: 87.04 / 86.82 / 86.73
INTRA-DAY GBP/USD OUTLOOK - +1.5555+
Update Time: 27 Jul 2010 12:22GMT
INTRA-DAY GBP/USD OUTLOOK - +1.5555+

As cable has rebounded after finding renewed
buying interest at 1.5441, suggesting the pullback
fm 1.5530 has ended n upside bias wud be seen for a
re-test of said res n break there wud extend recent
upmove to 1.5550/60.

Turn long on dips with stop as indicated, below
prolong choppy trading n risk fall to 1.5441.


   Rate: +1.5555+
   Strategy: +Target met+
   Position: +Long at 1.5520+
   Objective: +1.5555+
   Stop-Loss:
   Resistance: 1.5530/1.5550/1.5576
   Support: 1.5441/1.5436/1.5395
DAILY GBP/USD OUTLOOK - +1.5550+
Update Time: 27 Jul 2010 11:59GMT
DAILY GBP/USD OUTLOOK - +1.5550+

Y'day's breach of Jul's high at 1.5473 confirms
cable's erratic upmove fm 2010 low at 1.4228 has
resumed n gain to 1.5550/55 is now envisaged, how-
ever, nr term loss of momentum wud cap price below
1.5607 n yield a much-needed retreat.

Remain as cautious buyer on dips for 1.5550 or
sell on next rise for 1.5490. Below 1.5436, 1.5349.


   Rate: +1.5550+
   Strategy: +Target met+
   Position: +Long at 1.5455+
   Objective: +1.5550+
   Stop-Loss:
   Resistance: 1.5550/1.5576/1.5607
   Support: 1.5441/1.5395/1.5349
INTRA-DAY EUR/JPY OUTLOOK - +113.85+
Update Time: 27 Jul 2010 11:10GMT
INTRA-DAY EUR/JPY OUTLOOK - +113.85+

Although euro's retreat after resumption of
recent rise to 113.73 suggests consolidation below
there is in store, this move looks corrective n rec
kon 113.15/20 shud contain downside n bring subse-
quent re-test of said res n then twd 113.87.

Trade fm long side with stop as indicated, be-
low wud risk stronger pullback twd 112.79 b4 up.


   Rate: +113.85+
   Strategy: +Target met+
   Position: Long at 113.45
   Objective: 113.85
   Stop-Loss:
   Resistance: 113.87/114.16/114.40
   Support: 113.01/112.79/112.21
WEEKLY EUR/CHF CROSS OUTLOOK - +1.3750+
Update Time: 27 Jul 2010 10:19GMT
WEEKLY EUR/CHF CROSS OUTLOOK - +1.3750+

Despite last week's stronger-than-expected pull-
back fm 1.3677 to 1.3342 last week, subsequent
rebound suggests euro's erratic rise fm its record
low at 1.3073 (Jul 01) wud resume after consolida-
tion n yield further gain to 1.3750, nr term o/bot
condition shud cap price at 1.3831/36.

Buy again on dips for this move n only breach of
1.3457 wud 'prolong' choppy trading below 1.3677,
risk retracement twd 1.3342 but 1.3260 shud hold.


   Rate: +1.3750+
   Strategy: +Target met+
   Position: +Long at 1.3580+
   Objective: 1.3750
   Stop-Loss:
   Resistance: 1.3735/1.3836/1.3912
   Support: 1.3677/1.3546/1.3419
INTRA-DAY AUD/USD OUTLOOK - +0.9050+
Update Time: 27 Jul 2010 10:08GMT
INTRA-DAY AUD/USD OUTLOOK - +0.9050+

Aud's break of y'day's high of 0.9037 after find
ing renewed buying interest at 0.9028 suggests re-
cent upmove has resumed n further headway to 0.9055
/60 is envisaged, however, loss of momentum shud
prevent sharp move beyond 0.9078/80.

Trade fm long side with stop as indicated n only
below 0.9028 wud suggest an intra-day high made.


   Rate: +0.9050+
   Strategy: +Target met+
   Position: Long at 0.9018
   Objective: 0.9050
   Stop-Loss:
   Resistance: 0.9078/0.9100/0.9135
   Support: 0.9028/0.9000/0.8972
WEEKLY USD/CHF OUTLOOK - +1.0595+
Update Time: 27 Jul 2010 09:31GMT
WEEKLY USD/CHF OUTLOOK - +1.0595+

Despite last week's resumption of downtrend fm
2010 high of 1.1730 to 1.0394, subsequent rebound
to 1.0564 Friday's suggests a temp. low is possibly
made n as long as 1.0457/63 (prev. res area) holds,
consolidation with upside bias remains but abv 1.06
76 needed to bring stronger retrace. twd 1.0752.

Trade fm long side, stop as indicated. Below
1.0394 wud risk marginal weakness, however, loss of
momentum shud keep dlr abv 1.0270 n bring rebound.


   Rate: +1.0595+
   Strategy: +Target met+
   Position: Long at 1.0445
   Objective: 1.0595
   Stop-Loss:
   Resistance: 1.0564/1.0676/1.0752
   Support: 1.0394/1.0368/1.0270
INTRA-DAY GBP/USD OUTLOOK - +1.5455+
Update Time: 27 Jul 2010 08:35GMT
INTRA-DAY GBP/USD OUTLOOK - +1.5455+

Despite cable's rise to a fresh 5-mth high of
1.5530 in early European trading, present retreat
suggests a minor top is in place n consolidation is
now envisaged, weakness to 1.5451 is likely but
1.5436 shud hold n yield rebound.

Sell on recovery with stop as indicated, abv wud
risk gain to 1.5550/60.


   Rate: +1.5455+
   Strategy: +Target met+
   Position: +Short at 1.5495+
   Objective: 1.5455
   Stop-Loss:
   Resistance: 1.5530/1.5550/1.5576
   Support: 1.5451/1.5436/1.5395
INTRA-DAY EUR/JPY OUTLOOK - +113.60+
Update Time: 27 Jul 2010 08:10GMT
INTRA-DAY EUR/JPY OUTLOOK - +113.60+

As euro's rebound after meeting renewed buying
interest at 112.93 suggests consolidation with up-
side bias remains, gain to 113.32 and then 113.49
is still envisaged n abv latter lvl wud signal
recent upmove has resumed, 113.60/70 later.

Hold long for this move with stop as indicated,
break wud prolong choppy trading n risk 112.40/50.


   Rate: +113.60+
   Strategy: +Target met+
   Position: Long at 113.05
   Objective: 113.60
   Stop-Loss:
   Resistance: 113.87/114.16/114.40
   Support: 113.01/112.73/112.21
DAILY EUR/CHF OUTLOOK - +1.3650+
Update Time: 27 Jul 2010 02:08GMT
DAILY EUR/CHF OUTLOOK - +1.3650+

Despite broad consolidative outlook after euro's
retreat fm last week's high of 1.3677, as price has
risen again y'day's after intra-day fall fm 1.3632
to 1.3546, nr term bullish bias remains for gain to
1.3650 obj. but reckon said res wud hold today.

Trade fm long side n only abv 1.3677 wud extend
to 1.3700. Below 1.3546 risks weakness to 1.3500.


   Rate: +1.3650+
   Strategy: +Target met+
   Position: Long at 1.3570
   Objective: 1.3650
   Stop-Loss:
   Resistance: 1.3677/1.3735/1.3836
   Support: 1.3546/1.3516/1.3457
EUROPEAN CLOSING AUD/USD OUTLOOK - +0.9025+
Update Time: 26 Jul 2010 16:26GMT
EUROPEAN CLOSING AUD/USD OUTLOOK - +0.9025+

Aussie's breach of 0.8990 after finding renewed
buying at 0.8956 suggests recent erratic upmove has
once again resumed n further gain to 0.9027 wud be
seen after consolidation, however, loss of momentum
shud keep price below 0.9045/50 n risk retreat.

Trade fm long side with stop as indicated n on
ly below 0.8930 wud abort present bullishness.


   Rate: +0.9025+
   Strategy: +Target met+
   Position: Long at 0.8985
   Objective: +0.9025+
   Stop-Loss:
   Resistance: 0.9027/0.9078/0.9100
   Support: 0.8956/0.8930/0.8896
INTRA-DAY EUR/JPY OUTLOOK - +112.45+
Update Time: 26 Jul 2010 08:25GMT
INTRA-DAY EUR/JPY OUTLOOK - +112.45+

Euro's present sharp selloff fm intra-day high
of 113.49 strongly suggests recent upmove has made
a top earlier n downside bias for weakness twd
112.45/50 is envisaged but nr term loss of momentum
wud keep price abv 112.15/20 n yield rebound.

Sell recovery with stop as indicated n only abv
said res aborts intra-day bearishness, 113.60/70.


   Rate: +112.45+
   Strategy: +Target met+
   Position: +Short at 112.85+
   Objective: 112.45
   Stop-Loss:
   Resistance: 113.49/113.63/114.01
   Support: 112.60/112.17/111.60
INTRA-DAY USD/CHF OUTLOOK - +1.0545+
Update Time: 26 Jul 2010 08:27GMT
INTRA-DAY USD/CHF OUTLOOK - +1.0545+

Although intra-day renewed cross selling in eur/
chf has pressured dlr here, as Fri's rally to 1.05
64 signals recent downtrend has made a temp. low on
Thur at 1.0394, consolidation with mild upside bias
remains for another bounce, abv 1.0564, 1.0585/85.

Hold long for 1.0545 n only below 1.0457/63 (pre
vious res area) wud abort daily bullishness on dlr.


   Rate: +1.0545+
   Strategy: +Target met+
   Position: Long at 1.0510
   Objective: 1.0545
   Stop-Loss:
   Resistance: 1.0564/1.0618/1.0648
   Support: 1.0504/1.0463/1.0412
INTRA-DAY GBP/USD OUTLOOK - +1.5490+
Update Time: 26 Jul 2010 06:44GMT
INTRA-DAY GBP/USD OUTLOOK - +1.5490+

As cable has rebounded after a brief pullback fm
1.5466 to 1.5436 earlier, retaining intra-day bull-
ishness for recent upmove to re-test previous high
at 1.5473, abv wud encourage for gain to daily obj.
at 1.5495/00 but res at 1.5524 shud remain intact.

Hold long for this move n only below 1.5431/36
may risk stronger retracement twd 1.5395/00.


   Rate: +1.5490+
   Strategy: +Target met+
   Position: Long at 1.5450
   Objective: 1.5490
   Stop-Loss:
   Resistance: 1.5498/1.5524/1.5550
   Support: 1.5436/1.5395/1.5349
INTRA-DAY EUR/GBP OUTLOOK - +0.8320+
Update Time: 23 Jul 2010 15:00GMT
INTRA-DAY EUR/GBP OUTLOOK - +0.8320+

Euro's selloff to 0.8330 suggests fall fm this
week's high of 0.8532 to retrace recent upmove is
still in progress n further weakness to 0.8326 is
seen, however, near term o/sold condition shud pre-
vent steep fall below 0.8317 today.

Trade fm short side with stop as indicated, abv
wud risk 0.8385/90 b4 'down'.


   Rate: +0.8320+
   Strategy: +Target met+
   Position: Short at 0.8345
   Objective: 0.8320
   Stop-Loss:
   Resistance: 0.8344/0.8376/0.8398
   Support: 0.8317/0.8292/0.8253
INTRA-DAY USD/CHF OUTLOOK - +1.0555+
Update Time: 23 Jul 2010 14:36GMT
INTRA-DAY USD/CHF OUTLOOK - +1.0555+

As dlr has maintained a firm undertone in NY on
usd's broad-based firmness, suggesting upside bias
remains for gain to 1.0543/47, however, nr term o/
bot condition shud prevent stronger rise abv 1.0561
res n yield possible retreat.

Trade fm long side with stop as indicated, below
wud risk fall to 1.0463.


   Rate: +1.0555+
   Strategy: +Target met+
   Position: Long at 1.0515
   Objective: 1.0555
   Stop-Loss:
   Resistance: 1.0543/1.0561/1.0618
   Support: 1.0463/1.0412/1.0394
WEEKLY SPOT GOLD OUTLOOK - +1195.00+
Update Time: 23 Jul 2010 13:59GMT
WEEKLY SPOT GOLD OUTLOOK - +1195.00+

Gold's selloff fm record high of 1265.10 (June)
to 1185.30 earlier suggests choppy consolidation
with downside bias remains n below said sup wud
bring further correction to 1181.90 n 1175.00,
however, daily 1166.90 key sup shud remain intact
n bring a rebound later this month.

In view of abv analysis, sell on recovery for
another fall to 1182.00 or buy if price drops to
1180.50 1st for 1210.50. Abv 1217.80 yields 1224.90


   Rate: +1195.00+
   Strategy: +Stop profit+
   Position: +Long at 1180.50+
   Objective:
   Stop-Loss: +1195.00+
   Resistance: 1217.80/1224.90/1230.80
   Support: 1188.30/1175.90/1166.90
INTRA-DAY EUR/USD OUTLOOK - +1.2854+
Update Time: 23 Jul 2010 13:13GMT
INTRA-DAY EUR/USD OUTLOOK - +1.2854+

Despite euro's brief rise fm 1.2966, subsequent
strg retreat fm there suggests an intra-day high
has possibly been formed n consolidation with mild
downside bias is seen for weakness to 1.2860, below
wud bring stronger pullback to 1.2839.

Turn short on recovery with stop as indicated,
abv wud risk re-test of said res.


   Rate: +1.2854+
   Strategy: +Target met+
   Position: +Short at 1.2884+
   Objective: +1.2854+
   Stop-Loss:
   Resistance: 1.2966/1.2992/1.3029
   Support: 1.2860/1.2839/1.2809
INTRA-DAY EUR/GBP OUTLOOK - +0.8370+
Update Time: 23 Jul 2010 12:20GMT
INTRA-DAY EUR/GBP OUTLOOK - +0.8370+

Despite euro's recovery fm 0.8360, as the breach
of 0.8376 sup signals decline fm this week's high
of 0.8532 has resumed, reckon upside shud be ltd n
consolidation with downside bias remains for re-
test of said sup n then 0.8360.

Hold short with stop now as indicated n only abv
0.8415/20 wud prolong choppy trading n risk 0.8445.


   Rate: +0.8370+
   Strategy: +Target met+
   Position: Short at 0.8395
   Objective: 0.8370
   Stop-Loss:
   Resistance: 0.8398/0.8445/0.8466
   Support: 0.8360/0.8326/0.8317
INTRA-DAY GBP/USD OUTLOOK - +1.5410+
Update Time: 23 Jul 2010 09:20GMT
INTRA-DAY GBP/USD OUTLOOK - +1.5410+

Cable's intra-day bounce after finding renewed
buying interest at 1.5281 in Europe n current
breach of y'day's high of 1.5335 suggest upside
bias remains for gain to 1.5399, however, near term
o/bot condition shud prevent rise abv said lvl.

Buy on dips with stop as indicated, below wud
signal minor top made, 1.5259.


   Rate: +1.5410+
   Strategy: +Target met+
   Position: +Long at 1.5370+
   Objective: +1.5410+
   Stop-Loss:
   Resistance: 1.5399/1.5447/1.5437
   Support: 1.5259/1.5234/1.5199
 

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