Axiory Forex News 04 - 16 - 2012

It´s Monday, 16th April my names Steve Buswell and you are watching Axiory´s Broadcast. Let’s start with the technical outlook for the euro dollar. Price fell below daily pivot and support S1 and now is probably heading towards S2. Fall below this level will open way to next objective at S3. But if price rebounds we can expect re-testing first support and possibly daily pivot. Overview of Axiory´s chosen indicators shows a bearish trend. Secondly we have the dollar yen. Price fell below daily pivot and now is heading towards support S1. Fall below this level will then focus on S2 support and if price doesn’t rebound from first support it will re-test daily pivot and continue in a sideways move. A vast majority of our indicators expect a bearish trend. Next up is the sterling dollar. It fell below daily pivot and now is heading towards S1 support where price will probably rebound and approach daily pivot. But if price falls below this support we can expect next target at S2 support. According to the summary of chosen indicators we can expect a bearish trend. Finishing up our outlook is the dollarfranc. After price has broken above daily pivot and subsequently resistance R1it is now is heading to R1 resistance. Rise above this level will open way to next resistance R2. But if price will be limited at current resistance we can expect fall and re-testing daily pivot. Indicators show a bullish trend for the dollar franc today. At first, Federal Statistical Office in Switzerland is going to release monthly data about producer price index (PPI) at 8:15 am GMT. It is expected by analysts that PPI will rise 0.5 percent compared to previous 0.8 percent. In addition medium impact on the Swiss franc can be awaited. Next at 1:30 pm GMT, Census Bureau will publish data about retail sales in the United States. It is awaited rise 0.4 percent while in a previous report sales rose 1.1 percent. Moreover high impact on the dollar can be awaited. And last news for today at 2:00 pm GMT, figures about long-term purchases in the U.S. will be reported. It is expected decline from $101.0 billion to $41.3 billion in long-term purchases and also high impact on the dollar can be expected. And finally we bring you our summary of the best traders and their strategies on Axiory which are available to you. Pminvestcapital strategy in MirrorTrader remains at first place with 195.2 pips. Second with 160.1 pips stands Vipsig-China and at third place is now MHFX01 with 513.6 pips., MultiTrader recorded some losses and LowRisk Investment fell 21 percent to 6336 percent and V9direct also fell but only one percent. And the main change is at third place with Superscalper strategy at 273.4 percent instead of heropips. The biggest fall was recorded LW Trading in the Trade Leaders platform, which fell 61 percent but on the upside White stone asset added 10 percent to final 438 percent. And on this day in history in 1968 – General Motors produced its 100 millionth automobile Thanks for tuning in to Axiory´s broadcast and have a great day trading and will see you tomorrow.