Forex Daily Forecast 12 May 2015

Market Research

Forex Daily Forecast 12 May 2015

EURUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.1158
Expected Target 1.1182

Alternate Scenario:
Sell Below 1.1149
Expected Target 1.1125

Events:
Italian 12-Month BOT Auction release on 09:10 GMT by European Union
FOMC Member Williams Speaks on 16:45 GMT by US

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GBPUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.5573
Expected Target 1.5557

Alternate Scenario:
Buy Above 1.5579
Expected Target 1.5595

Events:
Manufacturing Production (MoM) release on 08:30 GMT by UK
Federal Budget Balance (Apr) release on 18:00 GMT by US

AUDUSD INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 0.7913
Expected Target 0.7941

Alternate Scenario:
Sell Below 0.7903
Expected Target 0.7875

Events:
API Weekly Crude Stock release on 20:30 GMT by US

USDJPY INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 120.14
Expected Target 120.23

Alternate Scenario:
Sell Below 120.11
Expected Target 120.02

Events:
FOMC Member Williams Speaks on 16:45 GMT by US
Adjusted Current Account release on 23:50 GMT by Japan

XAUUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1184.15
Expected Target 1185.24

Alternate Scenario:
Sell Below 1183.73
Expected Target 1182.64

Events:
API Weekly Crude Stock release on 20:30 GMT by US

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XTIUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 60.07
Expected Target 59.94

Alternate Scenario:
Buy Above 60.12
Expected Target 60.25

Events:
Federal Budget Balance (Apr) release on 18:00 GMT by US

Disclaimer:
The Chart and Analysis presented above is only for information purpose and not to be considered as Trading Instruction. BlueMax doesnt bear any
responsibility for any trading losses that might incur as a result of using this analysis/report.

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Forex Trading Daily Market News Update - 11 May 2015

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Interest Rate Decision (May) release on 11:00 GMT by UK

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currency trading intraday market strategy analysis

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