Forex Report for Thrusday

Date	Time	Currency	Impact	Particular	Forecast	Previous
ThuMar 19	12:00am	USD	High	FOMC Press Conference
	3:15am	NZD	High	GDP q/q	0.80%	0.90%
	6:00am	AUD		RBA Bulletin
	10:00am	JPY		All Industries Activity m/m	1.90%	-0.10%
	12:15pm	CHF		SECO Economic Forecasts
	12:30pm	CHF		Trade Balance	2.87B	3.41B
	2:00pm	CHF	High	Libor Rate	-0.75%	-0.75%
		CHF	High	SNB Monetary Policy Assessment
		CHF	High	SNB Press Conference
	2:30pm	EUR		ECB Economic Bulletin
	Tentative	GBP		10-y Bond Auction		1.62|1.6
	Day 1	EUR	High	EU Economic Summit
	3:45pm	EUR	High	Targeted LTRO	40.0B	129.8B
	6:00pm	USD	High	Unemployment Claims	295K	289K
		USD		Current Account	-103B	-100B
	7:30pm	USD	High	Philly Fed Manufacturing Index	7.2	5.2

NZD/USD Chart wednesday

NZD/USD

The NZD/USD fell during the course of the session on yesterday, as we continued to see bearish pressure. We believe that the 0.73 level is somewhat supportive, but this market should continue to go much lower. We will more than likely try to reach the 0.7150 level, which offered support the last time, but we believe it will break down eventually and let the market head down to the 0.70 level. We believe that rallies will offer selling opportunities, as the 0.75 level above is resistive.

USD/JPY Chart wednesday

USD/JPY

The USDJPY went back and forth during the day on yesterday forming a hammer again. Because of this, the market looks as if it is completely supported below, probably finding a bit of a floor at the 120 level. With that, we believe that we can find buying opportunities every time it dips. We recognize that eventually we will break out to the upside, and once we do so,

AUD/USD Chart Wednesday

AUD/USD

The AUDUSD tried to break higher during the course of the session on yesterday, but turned back around to form a shooting star. With that, the market looks as if it’s ready to go much lower, and as a result we believe that this market should then go to the 0.75 level given enough time. We believe that rallies will offer selling opportunities, and that the “ceiling” is somewhere near the 0.80 level, which is a major level on longer-term charts. With this, we continue to sell every opportunity we get.

GBP/USD Chart wednesday

GBP/USD

The GBPUSD broke down during the session on yesterday, slicing back below the 1.48 level. With that, the market looks as if it’s ready to continue going lower, possibly down to the 1.45 level and as a result the market will more than likely be targeting it. Any rally at this point of time will more than

likely find a significant amount of resistance all the way to the 1.50 level, so we are willing to sell resistive looking candles.