Forex Market Overview

The Markets Today Friday 25 July 2008

EUR/USD	1.5715
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
After the down trend from 1.5928 to 1.5643 the market reversed back yesterday. We expect a retracement back to 1.5800. A break on top has room for a lift towards 1.5927		An hourly close bellow 1.5699 will push the EUR further down to reach the key level at 1.5654.	1.5699 STRONG 1.5772 KEY 1.5673 MINOR 1.5798 MINOR 1.5654 KEY 1.5821 STRONG

GBP/USD	1.9955
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Very strong basis at 1.9942. A Down trend is clearly seen on a 1 hour chart. A break of this level 1.9942 should re-try the 2.00 level, but it needs a daily close above that to stay bullish.		An hourly close above the 1.9950 stops the short-term bearish outlook and risks a fall to 2.00, medium-term rising trend.	1.9900 STRONG 1.9947 STRONG 1.9810 TREND 1.9923 KEY 1.9750 STRONG 1.9898 MINOR

USD/JPY	106.87
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
USDJPY overshot and remains bid at 106.60 for now. While this holds there is a possibility to retry the 107.15 resistance level, an higher close is bullish for 108.50		An hourly break of 106.55 risks a pullback to 105.85	106.55 STRONG 106.90 MINOR 106.20 MINOR 107.15 KEY 105.85 STRONG 107.70 STRONG

USD/CHF	1.0220
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
The pair broke the recent bullish trend and is stuck in a small neutral range of 1.0300 / 1.0360; we see no direction here but watch out for a break lower.		Failure to close the day above that 1.0360 level is bearish for a retry of the 1.00 key	1.0300 STRONG 1.0360 STRONG 1.0271 MINOR 1.0380 KEY 1.0242 STRONG 1.0426 STRONG

XAU/USD	929.00
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Gold maintained the range, today this range has narrowed to 929 / 939.		A break through 939 and daily close above that is bullish Gold.	930 MINOR 930 MINOR 928 TREND 968 KEY 916.90 KEY 975 STRONG

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The Markets Today

The Markets Today Thursday 24 July 2008 / 10:00h CET

EUR/USD	1.5685
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Still in a downtrend, short-term resistance around 1.5690-1.5700 should hold for new lows around 1.5600 or even lower.		An hourly close above 1.5700 could break the bearish market and bring higher prices around 1.5750 – but need to stop there.	1.5750 STRONG 1.5750 STRONG 1.5695 TREND 1.5695 TREND 1.5615 KEY 1.5800 STRONG

GBP/USD	1.9935
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
After breaking again the 1.9970 we see still space to trade lower prices this day. Target is 1.9725, but need to break key support at 1.9880 first.		Good Figures expected today, could bring a next rise to 1.9980 or even higher.	1.9900 STRONG 1.9970 TREND 1.9880 KEY 2.0020 MINOR 1.9725 STRONG 2.0060 STRONG

USD/JPY	107.80
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
After testing again the 108 lvl positive times are over – short term expectation 107.20, could go much further		A final break of the 108 barrier could bring 108.50.	107.20 STRONG 108.00 STRONG 106.20 MINOR 108.50 STRONG 105.85 STRONG 110.00 STRONG

USD/CHF	1.0340
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
USD/CHF should hold here around 1.0375 to trade around 1.0500 later on. Even a drop to 1.0310 will not change bullish trend		Break of 1.0310 can possibly bring back the levels around 1.0150 -1.0225	1.0310 TREND 1.0450 STRONG 1.0290 STRONG 1.0510 STRONG 1.0225 STRONG 1.0560 KEY

XAU/USD	961.00
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
After trading 916 yesterday, we expect to see a little pull-back to 930, if holds short-term at 922-923		Hourly close beneath 920 brings lower levels again 916, even new lows around 900	922 TREND 930 STRONG 915 KEY 948 STRONG 900 MINOR 974 STRONG
The ForexGen's provided services are all restricted and regulated by the international banking and financial regulatory standards. All our provided activities are supported by creativeness and modernization. Ambitious & motivated employees are working simultaneously to protect the customer's confidentiality. ForexGen is continuously providing the market's most competitive conditions. ForexGen complies with the trade commissions in the USA, EU and Australia. Being registered by the commercial authorities in 18+ countries, we adhere to the United Nations Commission on International Trade Law (UNCITRAL). Profile regulatory information: ForexGen is complying with all applicable international laws and all financial regulations and procedures governing its industry in order to sustain the security standards in the financial services world.

The Markets Today

The Markets Today tuesday 22 July 2008 / 09:25h CET

EUR/USD	1.5920
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
1.5800 held and the top broke Monday afternoon. 1.5930 initial resistance, clearing that will see the pair stretch up to 1.60, in a volatile market 1.6100 could be reached.		Rising trend only at 1.5850 this morning, hence room for an intra-day set-back, BUY dips and stop only upon a break of 1.5800.	1.5885 MINOR 1.5930 MINOR 1.5850 TREND 1.6000 STRONG 1.5800 KEY 1.6120 TARGET

GBP/USD	2.0030
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Cable managed breaking 2.00 and closed the day above. We remain bullish, expect a rise to 2.0130 key resistance.		Initial support at 2.00, an hourly break there stops the short-term rise and we can dive to 1.99, a daily close lower turns us bearish.	2.0000 STRONG 2.0045 MINOR 1.9985 MINOR 2.0130 KEY 1.9900 STRONG 2.0165 STRONG

USD/JPY	106.50
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
It rose to the 107.15 key and returned to 106.30. Strong support 106.40 this morning, while this holds we can retry the top – a daily close above 107.15 would be bullish.		We see high risk of a fall from here today, 105.20 target, a low daily close could see continued selling down to 103-ish by Friday.	106.40 STRONG 106.90 MINOR 106.10 MINOR 107.10 STRONG 105.20 STRONG 108.30 STRONG

USD/CHF	1.0170
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
1.0250 could not be bypassed, this morning the pair is underneath of 1.0185 and we expect a fall to at least 1.0100		Only an hourly close above 1.02 may stop the short-term bearish sentiment.	1.0160 MINOR 1.0185 STRONG 1.0100 STRONG 1.0210 MINOR 1.0020 KEY 1.0275 STRONG

XAU/USD	972.00
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
The top of the range broke, we like to attempt longs here for a rise to at least 985, 995 is likely.		Stop longs underneath of 969 with room to fall to bullish trend-line at 960. A lower daily close turns us bearish for 925.	970 STRONG 976 MINOR 960 TREND 985 STRONG 944 STRONG 995 STRONG

The ForexGen's provided services are all restricted and regulated by the international banking and financial regulatory standards. All our provided activities are supported by creativeness and modernization. Ambitious & motivated employees are working simultaneously to protect the customer's confidentiality. ForexGen is continuously providing the market's most competitive conditions.

ForexGen complies with the trade commissions in the USA, EU and Australia. Being registered by the commercial authorities in 18+ countries, we adhere to the United Nations Commission on International Trade Law (UNCITRAL).

Profile regulatory information:

ForexGen is complying with all applicable international laws and all financial regulations and procedures governing its industry in order to sustain the security standards in the financial services world.