VarengoldbankFX Daily FX Report_20141229

8/10/2019 VarengoldbankFX Daily FX Report_20141229

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www.varengoldbankfx.comPromotional Document

Monday, December 29, 2014

Good morning from Hamburg and welcome to our first Daily FX Report for this week. Indonesiawas set to resume at first light the search for an AirAsia plane carrying 162 people from the

Indonesian city of Surabaya to Singapore, which went missing on Sunday just after the pilot

requested a change in course to avoid bad weather. "We are deeply shocked and saddened by

this incident," said Indonesia AirAsia Chief Executive Sunu Widyatmoko. "We are cooperating

with the relevant authorities to the fullest extent to determine the cause of this incident."The

carrier is 49 percent owned by Malaysia-based budget carrier Air Asia. The AirAsia group,

including affiliates in Thailand, the Philippines and India, has not suffered a crash since its

Malaysian budget operations began in 2002.

Anyway, we wish you a successful trading week!

Market Review Fundamental Perspective

Trading in Australia, New Zealand, Hong Kong, Indonesia, the U.K. and Germany resumes

today after the two-day Christmas holday and before a break for New Years Day on Januar

1.The S&P rose 0.3 percent to an all-time high of 2088.77 December 26. The measure capped a

weekly advance of 0.9 percent after the Fed soothed concern over higher borrowing costs,

saying after its last meeting of 2014 that policy makers will be patient when it comes to raising

rates, even as evidence of a strengthening U.S. economy mounts. The Dow Jones Industrial

Average cemented its place above the 18000 point mark last week, climbing 1.4 percent to

18053.71. The yen lost 0.7 percent last week and the euro retreated 0.4 percent, as the

Bloomberg Dollar Spot Index, which tracks the dollar versus 10 major peers, jumped 0.5 percent.

The U.S. currency is poised to strengthen against all of its 31 major counterparts in 2014, the

first time thats occurred in data going back to 1989, as the improving economy and Fed plans to

raise rates next year lure investors. The Australian dollar was little changed at 81.15 U.S. cents

after slipping 0.1 percent last week in a sixth straight week of declines. New Zealands dollar

was steady at 0.7749 after trading little changed last week. It was climbed 3.6 percent against

the AUD this year, set for a third straight year of gains. Gold was little changed at $1194.45 an

ounce after advancing Dec. 26 amid speculation China, the worlds biggest consumer, wil step

up measures to support its economy, thereby boosting demand for the precious metal as a store

of value.
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Daily Technical Analysis

GBP/USD (4 Hours)

As the chart shows, the GBP decreased steadily versus the USD since the mid of October. The

support line at 1.5492 was strong enough as the price was unable to break through clearly and

rebounded. Although it slipped once below this support line it immediately returned in the

sideward channel between 1.5804 and 1.5492. On a short term the CCI is indicating a possible

upward movement, but further losses may occur.

Support & Resistance (4 Hours)

Support Levels around Resistance Levels around

1.5492 1.5804

N/A 1.6016

N/A 1.6182


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USD/CHF (4 Hours)

Till the beginning of October the bulls dominated within this currency pair. Then the price

rebounded at 0.9732 and the trend moved down. Then we experienced a depreciation of the U.S

currency versus the franc. Currently the pair is dominated by the bulls. The RSI is moving

upwards. The MACD is signaling that longterm losses are possible.



0.9789 N/A

0.9613 N/A

0.9558 N/A


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NZD/USD (4 Hours)

Since the beginning of July the pair is depreciating inside a downward trend channel and there

seems to be no relevant support level to stop the price movement. Also the support level at

0.7679 seems to be stable enough, as it has stopped the pricefall since the beginning of

November. The price is moving between the level of 0.7995 and 0.7679. The MACD is moving

around the center line, further wins are possible. We have to wait in order to see the further

movement direction.



0.7679 0.7995

N/A 0.8505

N/A 0.8713


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Daily Calendar & Key Events

Date Time (GMT) Economic Indicator Last Survey

15/29/2014 09:00 IT Consumer Confidence Index (Dec) 100.2 100.4

15/12/2014 15:30 US Dallas Fed Manf. Activity (Dec) 10.5 9.0

If you have any questions, please contact us for further assistance. 24 hours a day:

German: +49 40 66 86 4996

English: +49 40 66 86 4996

Arabic: +97 14 40 19 57 - 5

24 h Trading Support: +49 40 66 86 4932

Turkish: +49. 40. 66 86 490


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DISCLAIMERIMPORTANT NOTIFICATION TO BE READ IN CONJUNCTION WITH THE CONTENTS OF THISPROMOTIONAL DOCUMENT

This document Daily FX Report is a promotional document and is created and published by VarengoldBank AG. This Promotional document serves exclusively for information purposes. It is exclusively aimedat German business partners and customers who make their own investment decisions at their own risknotwithstanding the contents of this promotional document. Investment decisions should be made on thebasis of a preceding consultation with an independent financial advisor and prospectus, but not on thebasis of this promotional document.Depending on the individual investor's investment goals, investment horizon or financial situation, thecontents of the present promotional document may not be suitable at all or only in part. This promotional

document is not aimed at persons with residence and / or place of business and / or branches abroad,particularly in the United States of America, Canada, Japan or Great Britain. This promotional document isfor information only and especially does not constitute a public offer, an advice, recommendation or aninvitation to submit an offer for purchase or selling of or subscription to securities or other financialinstruments. This Promotional document does not constitute investment advice or investmentrecommendation.This promotional document does not constitute a financial analysis. Therefore it does not fulfil the legalrequirements ensuring the impartiality of financial analyses. This promotional document is not subject tothe prohibition of trades before the publication of financial analyses. With this promotional document noindividual investment advisory and / or information relationship with Varengold Bank AG is established.

All declarations, statements or assessments included in this promotional document are those of thisdocument's author; they do not imperatively correspond to third party statements. Varengold Bank AG hastaken the entire information on which the promotional document is based from sources considered serious

and reliable, but without verifying the entire information. This is why Varengold Bank AG does not givepromises or guarantees regarding precision, completeness or accuracy of the information or opinionsincluded. Varengold Bank AG does not assume any liability for losses and direct or consequential damagecaused by the use and / or distribution of this promotional document and / or associated with the use and/or distribution of this promotional document. The contents of the promotional document correspond to thestate of information as of the date of its preparation. It may be outdated on account of future developmentswithout this promotional document having been modified. Any complete or partial reproduction or anyother usage and /or distribution of this promotional document and / or its content is forbidden and subjectto publisher's prior written consent.

Warning notice:Trading the foreign exchange market carry a high level of risk and may result in substantial loss in part orall of an investment and is therefore not suitable for every investor. Any past performance is not an

indication or guarantee of future performance.

Publisher:

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VarengoldbankFX Daily FX Report_20141229