The Forex Markets Today

The Markets Today Thursday 07 August 2008 / 10:15h CET

EUR/USD	1.5470
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Down to 1.5400 folowed by a 60-pip pullback. Bearish trend now at 1.5510, while underneath the Euro should continue to soften. We lower our target to 1.5290		A daily close above 1.5510 ends the bearish move and risks to see the pair hold in a range of 1.5450/1.5750 a while longer.	1.5450 MINOR 1.5475 MINOR 1.5425 STRONG 1.5510 TREND 1.5350 TARGET 1.5540 STRONG

GBP/USD	1.9500
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
A new low of 1.9460, this is a strong support and we risk to reverse up to 1.9565 before resuming the down-trend.		A break through 1.9460 has room for 1.9330. On top a daily close above 1.9565 can see a larger pull-back to above 1.97	1.9495 MINOR 1.9510 MINOR 1.9460 STRONG 1.9565 STRONG 1.9330 TARGET 1.9620 STRONG

USD/JPY	109.30
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Top of 109.75 means target achieved. Minor bullish trend at 109.35, a break there risks a fall back to strong 108.30		The market may want to see the 110 handle trade and keep the pair in high range all day.	109.35 MINOR 109.80 STRONG 108.90 STRONG 110.05 MINOR 108.30 KEY 110.30 STRONG

USD/CHF	1.0555
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
1.0620 high and back to the rising support at 1.0550. While this holds we can attempt 1.06 again, target remains 1.0660		A break of 1.0550 on the 4-H chart risks a dip to 1.0485 key, a lower daily close stops the bullish view.	1.0550 MINOR 1.0585 MINOR 1.0485 KEY 1.0620 MINOR 1.0445 STRONG 1.0660 TARGET

XAU/USD	883.00
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Expect Gold to remain range-bound 872 / 888, bias is to widen the downside towards 865 or even 850		A daily close above 888 could see Gold try the 905 key resistance tomorrow.	880 MINOR 888 STRONG 872 STRONG 894 MINOR 865 STRONG 906 KEY

Throughout our partnership with the industrial leaders, we are capable of delivering incomparable quality of online currency trading service.
ForexGen services are all controlled by the international banking and financial regulatory standards.
ForexGen is continuously providing the Forex market's safest trading terms & conditions. Providing professional currency trading services that meet our client's expectations is our first priority.

ForexGen principals:

ForexGen customer satisfaction is our major objective. To reach our business goals, we strive to put our client's goals in focus. We highly value our clients and always aim to exceed their expectations and cross the limitations encountered by the sophistication of the Forex trading industry.

The Forex Markets Today

The Markets Today Tuesday 05August 2008

EUR/USD	1.5505
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Euro is headed lower, target 1.5350. Strong support on the way lower at 1.5500 and 1.5460 may slow the move.		Short-term bearish trend at 1.5535. An hourly close above that can see a pullback to 1.5580.	1.5500 STRONG 1.5535 TREND 1.5460 STRONG 1.5585 KEY 1.5350 TARGET 1.5605 STRONG

GBP/USD	1.9565
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
1.9660 did not hold, Cable is at the lowest levels in 7-weeks and has space to fall to 1.9430.		Short-term bearish resistance at 1.9610 – a breech there may lift the pair to stronger 1.9660, but while the day loses underneath of that we will remain bearish	1.9550 MINOR 1.9615 MINOR 1.9480 STRONG 1.9660 STRONG 1.9430 TARGET 1.9740 KEY

USD/JPY	107.80
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
The top broke, 108.30 resistance held again and the pair returned to strong support at 107.65. BUY here, next attempt up will lead 100 pips higher to 109.35.		Stop longs upon breaking 107.50, risk is a dip to 106.60	107.65 STRONG 107.90 MINOR 107.15 MINOR 108.30 MINOR 106.60 STRONG 109.30 TARGET

USD/CHF	1.0520
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Closed the day at the high, for now holding minor bullish support 1.0500, while above we are looking to extend towards 1.0660		An hourly close underneath of 1.0490 risks 1.0420/40 in the short-term.	1.0500 MINOR 1.0535 MINOR 1.0450 STRONG 1.0590 MINOR 1.0420 KEY 1.0660 TARGET

XAU/USD	885.00
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Looking weak this morning, it has nearly reached our 882 target. This may offer some intermediary support and Gold could pull back to 894 for a new SELL		A fall through 880 has room for 865 or even 850 this week.	882 STRONG 888 MINOR 875 MINOR895 STRONG 895 STRONG 865 STRONG 903 STRONG

Throughout our partnership with the industrial leaders, we are capable of delivering incomparable quality of online currency trading service.
ForexGen services are all controlled by the international banking and financial regulatory standards.
ForexGen is continuously providing the Forex market's safest trading terms & conditions. Providing professional currency trading services that meet our client's expectations is our first priority.

ForexGen principals:

ForexGen customer satisfaction is our major objective. To reach our business goals, we strive to put our client's goals in focus. We highly value our clients and always aim to exceed their expectations and cross the limitations encountered by the sophistication of the Forex trading industry.

The Forex Market Today

The Markets Today Friday 18 July 2008 / 09:45h CET

EUR/USD	1.5850
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Bullish trend-line held, it stands at 1.5785 this morning, while it holds the Euro is bid and a new rise towards 1.60 is likely, strong hurdle to overcome is 1.5885.		A break of the 6-week trend at 1.5785 risks short-term dip to 1.5725, a low weekly close is bearish towards 1.5350.	1.5820 MINOR 1.5885 STRONG 1.5785 TREND 1.5950 MINOR 1.5725 MINOR 1.6010 STRONG

GBP/USD	1.9910
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Cable seems to make a bearish break here this morning. Closing the hour underneath of 1.9925 is bearish for 1.9830 immediately.		Watch out for a possible reversal, an hourly close above 1.9935 is firmly bullish for the day, 1.9960 intra-day key, a break there leads to new highs.	1.9910 MINOR 1.9960 STRONG 1.9835 STRONG 2.0000 MINOR 1.9750 STRONG 2.0100 STRONG

USD/JPY	106.30
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
It traded up as expected and while we can even push on for 107.35 we think the move will slow and the pair trade sideways 105.85 / 106.60		A fall underneath of 105.85 and low weekly close keeps the Dollar trapped and lower level will be likely next week.	106.15 MINOR 106.60 MINOR 105.85 STRONG 106.90 MINOR 105.50 STRONG 107.60 STRONG

USD/CHF	1.0200
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
We remain bullish for 1.03, 1.0245 initial resistance that may spoil the bullish view.		Short-term trend at 1.0195, an hourly break there stops the bullish view and we should remain in range 1.01 / 1.0250	1.0195 TREND 1.0215 MINOR 1.0135 STRONG 1.0245 STRONG 1.0100 STRONG 1.0320 STRONG

XAU/USD	961.00
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
It will remain volatile, a $10 or even $20 move up or down is possible, key levels to watch are 935 support and 972 resistance.		Intraday we prefer to SELL tops between 963 and 968. A weekly close above 973 keeps gold bid	952 MINOR 965 STRONG 946 STRONG 972 KEY 935 KEY 988 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.