2012-02-02 07:00 GMT
Cable puts on over 600 pips inside two weeks
The dollar was at $1.3169 per euro as of 8:13 a.m. in Tokyo from $1.3161 in New
York yesterday. It slid to $1.3234 on Jan. 27, the lowest since Dec. 13. The yen
dipped 0.1 percent to 100.35 per euro after losing 0.5 percent yesterday. The Japanese
currency was little changed at 76.19 per dollar and within only one yen of a record
high set on Oct. 31 suggesting further BOJ intervention (by selling the yen) is
only a matter of time. The GB pound traded above the 1.5800 mark, levels not seen
since past November 2011. After bottoming at 1.5236 past Jan 13th, the pair has
seen a steady winning strike adding over 600 pips during the past 2 weeks. The Swiss
Franc bounced from the low of 0.9115 on Wednesday, the lowest level seen since December
2nd and the December 27 low. The pair began to rise at this level to gain 50 pips
reaching prices above 0.9150, however, in early Asian trading the pair is now back
printing quotes at 0.91340.
The Canadian currency, nicknamed the loonie appreciated 0.4 percent to 99.86 Canadian
cents per U.S. dollar at 5 p.m. Toronto time. It touched 99.64 cents, the strongest
level witnessed since Oct. 31. One Canadian dollar buys $1.0014. The Australian
dollar has rallied to multi-month highs versus the greenback over the past 24 hours,
fuelled by rising stocks and renewed optimism over a Greek debt deal. The AUD/USD
pair sustained a move above the 1.0700 price zone, extending into the 1.0740 area
before closing the American session at 1.0704, up 0.80% on the day.
Read More
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2012-02-02 00:30 GMT
Australia Trade Balance (Dec)
2012-02-02 07:00 GMT
Switzerland Trade Balance (Dec)
2012-02-02 10:00 GMT
EU - Producer Price Index (YoY) (Dec)
2012-02-02 10:00 GMT
EU - Producer Price Index (MoM) (Dec)
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2012-02-02 05:35 GMT
EUR/USD capped by 1.3200 in Asia
2012-02-02 05:14 GMT
EUR/JPY; bullish key reversal pattern confirmed
2012-02-02 00:33 GMT
Australia Dec Trade Balance 1.71B
2012-02-02 00:32 GMT
Australia Building Permits (MoM) -1% in Dec
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AUDUSD
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1.07280 / 287
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0.0023
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0.22%
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NZDUSD
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0.83390 / 409
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0.0015
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0.17%
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USDCHF
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0.91531 / 548
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0.0001
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0.02%
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USDCAD
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0.99756 / 765
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-0.001
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-0.11%
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GBPJPY
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120.643 / 658
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-0.021
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-0.02%
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EURCHF
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1.20594 / 615
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0.0015
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0.13%
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GOLD
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1747.76 / .12
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4.08
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0.23%
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SILVER
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33.73 / .75
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0.05
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0.15%
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EURUSD 1.31752 / 1.31758
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High: 1.31965 | Low: 1.31583 | Chg: 0.0015 0.11%
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SUMMARY
up
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TREND
up
trend
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MA10
neutral
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MA20
neutral
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STOCHASTIC
neutral
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MARKET ANALYSIS - Intraday Analysis
EURUSD made a high at 1.3218 just a few pips away from the year high and our first
resistance 1.3234 (R1) as it continued its move upwards (since January 13th). Going
above the nearest resistance level at 1.3234 (R1) would confirm continuation of
the bullish trend, towards the next objective upwards 1.3267 (R1). And if the price
holds its momentum on the upside we can expect a further rise towards 1.3332 (R3).
On the other hand, if the price does not manage to break above 1.3234 (R1) then
we can expect the pair to retest support at 1.3133 (S1) and a further fall will
be limited to 1.3075 (S2).
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GBPUSD 1.58478 / 1.58493
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High: 1.58573 | Low: 1.58256 | Chg: 0.0015 0.09%
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SUMMARY
up
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TREND
up
trend
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MA10
neutral
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MA20
neutral
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STOCHASTIC
Overbought
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MARKET ANALYSIS - Intraday Analysis
GBPUSD raised sharply yesterday and continued in rise from 1.5704 (S2) forming a
top at 15882 (R1). If GBPUSD break above that level, we can expect target at 1.5924
(R2). Further rise will then focus on 1.5967 (R3). On the downside, decline below
current support level 1.5798 (S1) will confirm our short positions towards 1.5704
(S2). Deeper fall will be probably be limited at 1.5653 (S3) support.
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USDJPY 76.123 / 76.127
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High: 76.212 | Low: 76.107 | Chg: -0.087 -0.11%
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SUMMARY
Down
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TREND
sideway
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MA10
bearish
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MA20
Bearish
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STOCHASTIC
overbought
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MARKET ANALYSIS - Intraday Analysis
The USDJPY still trapped in range area of 76.42 – 76.01. A break in either direction
will determine the trading bias in today’s session. Break below 76.01 will confirm
our short positions targeting 75.53 (S2) and further fall will be limited at 75.03
(S3). On the other hand, a break above the first resistance level 76.42 (R1) will
expect t the price to retest 76.79 (R2). In a longer time frame the pair is in a
downtrend and both of our Moving Averages are bearish therefore wait for a break
below 76.01 (S1) and then open a short position targeting second support level.
A stop loss should be placed above 76.79 (R2).
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