FX Technical and Commentary

CCY Bollinger Band Commodity Channel Index Directional Movement Moving Average Conv/Div Relative Strength Index Stochastics Moving Average Moving Average Average True Range

Current Signals EURO-USD GBP-USD AUD-USD CAD-USD JPY-USD Values EURO-USD GBP-USD AUD-USD CAD-USD JPY-USD 7 Days Earlier EURO-USD GBP-USD AUD-USD CAD-USD JPY-USD 30 Days Earlier EURO-USD GBP-USD AUD-USD CAD-USD JPY-USD Current Signals EURO-USD GBP-USD AUD-USD CAD-USD JPY-USD Values EURO-USD GBP-USD AUD-USD CAD-USD JPY-USD 7 Days Earlier EURO-USD GBP-USD AUD-USD CAD-USD JPY-USD 30 Days Earlier EURO-USD GBP-USD AUD-USD CAD-USD JPY-USD

buy buy sell buy 1.38 1.66 0.90 0.90 0.01 sell buy sell buy sell sell sell sell buy Fear and Greed

0.00 buy 0.00 buy -30.29 -183.58 63.79 -209.81 -15.34 sell buy 0.00 0.00 sell sell William's %R

buy sell buy sell sell 21.23 18.19 27.58 15.97 20.39 buy buy buy sell buy buy buy buy sell buy
Momentum

sell sell 0.00 sell sell 0.00 0.00 0.00 0.00 0.00 buy sell 0.00 0.00 buy buy buy sell
Rate Of Change Hurst Exponent

49.04 39.33 55.82 34.82 49.62 -

15.60 10.41 65.89 12.32 47.14 sell Trender MaxMin

1.39 1.66 0.91 0.89 0.01 1.38 1.66 0.90 0.90 0.01

0.01 0.01 0.01 0.01 . 0.01 0.01 0.01 0.01 0.00

MovingAverageOscillator

0.01 0.01 0.01 0.01 . 0.01 0.01 0.01 0.01 .

ExponentialMovingAverage

greed fear greed fear fear 0.00 -0.02 0.00 -0.02 0.00 greed greed greed fear greed greed greed fear greed greed

sell sell buy sell buy -71.04 -90.85 -32.02 -90.46 -46.06 buy sell buy sell buy buy buy buy sell sell

0.00 0.00 0.00 0.00 0.00 -0.01 -0.02 0.00 -0.01 0.00 0.00 0.00 0.00 sell 0.00 0.00 0.00 0.00 sell 0.00

buy buy 0.00 0.00 0.00 1.09 0.59 1.18 -1.92 0.00 0.00 0.00 sell 0.00 buy sell 0.00 0.00 0.00 0.00

buy buy buy 0.00 0.00 0.44 0.66 0.51 0.48 0.60 buy 0.00 0.00 0.00 0.00 0.00 buy 0.00 buy 0.00

0.00 0.00 0.00 0.00 0.00 1.38 1.67 0.89 0.90 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

buy buy buy buy buy 1.38 1.67 0.90 0.90 0.01 buy buy buy buy buy buy buy buy buy buy

buy sell buy sell buy 0.01 -0.01 0.01 -0.01 0.00 buy sell buy sell sell buy buy buy buy buy

sell sell buy sell sell 1.38 1.66 0.90 0.90 0.01 buy buy buy sell buy buy buy buy sell buy

EUR
Euro took retreated as the Fed reduced its bond buying to 55 Bio a month. However, EURO is taking a breather for the time being after testing 1.3750 yesterday. However, the news that european policymakers have decided to grant ECB the powers to close down sick banks in Eurozone. The move should provide some comfort to falling Euro against USD for the time being. Furthermore, A number of Fed Governors are speaking today and markets will be looking at their interpretation about members of MPC indicating the policy rate at 0.75% by the end of this year. On data, Italian industrial and EMU Consumer Confidence are due today. The short term immidiate buy range looks good around <1.3720. The next big support is at 1.3480

FX View

JPY
A day off in Japan coupled with lack of data released today would likely see JPY witnessing a calm and thinly traded market. While JPY seems to be trading in a `fair' range, levels 102.00/101.30 and 102.80/103.10 are expected to be the soft\hard support and resistances.

CAD
CAD is being subjected to the see-saw effect of Feds actions. With no other major data around the corner except CPI coupled with BoC staying put with hold stance, the CAD is being clearly driven by Feds actions. Despite being backed by strong fundamentals (increasing Oil prices and Fiscal consolidation at federal level), CAD has been trading in a range of 1.1000 to 1.1150 for quite some time after testing 1.1224 in January. However, as the Fed announced a reduction in tapering off (in line with market expectations of USD 55 Bio A month), the markets have markedly over-reacted to CAD by testing 1.1280. However, these levels are unsustainable as CADs has adopted a range-bound approach to depreciation vis--vis USD. Despite CAD looking all set up to test 1.1300 there the developments in Ukraine are likely to support the case for a stronger CAD. Firstly, the officials Russian Central Bank Worlds 5th largest FX reserves holder- have indicated that they would be diversifying away from the USD and the money is likely to go into commos (CAD and AUD). Secondly, the new finance minister Joe Oliver vowed to keep the fiscals on course for a surplus budget from 2015 onwards. The CAD is likely to trade within the range of 1.1180-1280 with a downward breather at 1.1120. The CAD is trading in a cheap range today since the expectations from todays economic released are positive which would tempt CAD to test 1.1045.

GBP
A quiet day for cable in terms of data releases today with only public borrowing data on show today. The downword momentum should continue for the day. The resistance looks set at 1.6600 while a breather is expected at 1.6400 with the big support being 1.6290.

AUD
Aussie continues to enjoy the upward momentum despite an upbeat in US and a slowdown in China -one of the main trading parters of the country-. A fostering job market coupled with a recovery in housing has put Australian Dollar in a relatively insulating position vis a vis softening oil prices and sluggishness in the main export market for Australian Ores-China-. The currency is already trading in an expensive range and a breaking of 0.9100 would certain temp aussie to test 0.9137- a good selling point-, On the downside, 0.9013 and then below 0.8990

Economic Releases Calendar

Country UK UK UK AU FR IT EC EC CA CA CA Indicator Public Finances (PSNCR) PSNB ex Interventions Public Sector Net Borrowing Conf. Board Leading Index MoM Wages QoQ Industrial Sales MoM Current Account NSA Consumer Confidence Retail Sales MoM CPI YoY CPI Core YoY Period Feb Feb Feb Jan 4Q F Jan Jan Mar A Jan Feb Feb Survey -7.0B 8.6B 7.9B -0.20% ---12.3 0.70% 1.00% 1.10% Actual ---0.20% 0.20% ------Previous -25.4B -4.7B -6.4B 0.80% 0.20% -0.30% 33.2B -12.7 -1.80% 1.50% 1.40% Revised ---0.90% --------