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MARKET UPDATE 06.02.2012

2012-02-06 07:00 GMT

The euro weakened versus 13 of its 16 major counterparts

USD/JPY opened the Asian trading session on Monday morning with an upside-gap price of 76.59, up from 76.54 Friday down from the recent (4-day high) of 76.13 printed last week. The euro fell 0.2 percent to $1.3129 as of 8:15 a.m. in Tokyo from the close in New York on Feb. 3. It lost 0.3 percent to 100.50 yen. GBP/USD has traded a limited 1.5785/1.5823 range at the start of trading this Monday, last at 1.5800.

AUD/USD has been slowly declining since Tokyo opened at 00:00 GMT. Data for both retail sales and jobs ads were disappointing in Aus., retail sales fell -0.1% expected to come in positive +0.2%, newspaper job ads fell -2.6% internet job ads rose +6.4. USD/CAD. After falling around 100 pips from its intra-day high at 1.0040, the Dollar has found support versus the Canadian at the lowest level seen since October 31 at 0.9930.

Read More

2012-02-06 00:31 GMT

Australia Retail Sales s.a. (MoM) (Dec)

2012-02-06 08:00 GMT

United Kingdom Halifax House Prices (3m/YoY) (Jan)

2012-02-06 09:30 GMT

EU - Sentix Investor Confidence (Feb)

2012-02-06 11:00 GMT

Germany Factory Orders s.a. (MoM) (Dec)

2012-02-06 05:43 GMT

GBP/USD pressured in risk-off Asia

2012-02-06 03:38 GMT

AUD/USD trades down to 1.0700

2012-02-06 00:32 GMT

Australia ANZ Job Advertisements 6% in Jan

2012-02-06 00:31 GMT

Australia Dec Retail Sales s.a. (MoM) -0.1%

AUDUSD
1.07131 / 139
-0.0058 -0.54%
NZDUSD
0.83047 / 063
-0.0037 -0.45%
USDCHF
0.92314 / 333
0.0059 0.64%
USDCAD
0.99614 / 623
0.0029 0.29%
GBPJPY
120.980 / 998
-0.147 -0.12%
EURCHF
1.20572 / 595
-0.0021 -0.18%
GOLD
1731.73 / .09
6.6901 0.39%
SILVER
33.54 / .57
-0.08 -0.24%
EURUSD 1.30599 / 1.30605
DAILY WEEKLY MONTHLY
High: 1.31307 | Low: 1.30545 | Chg: -0.0097 -0.74%

1.3274

1.3241

1.3205

1.3167

1.3026

1.2986

1.2947

1.2909

SUMMARY

Down

TREND

down
trend

MA10

bearish

MA20

Bearish

STOCHASTIC

overbought

 

MARKET ANALYSIS - Intraday Analysis

The EURUSD continued to rise from 1.3026 (S1) and reached a high yesterday at 1.3205 (R2). It seems the pair is moving downwards and it will retest the first support 1.3026 (S1) soon. A break below that level would suggest a target of 1.2986 (S2) and a further decline will then focus on the next target at 1.2947 (S3). On the upside, if the price rebounds from the first support level 1.3026 (S1) we can expect retesting of 1.3167 (R1). A further rise will then bring focus to the next resistance level at 1.3205 (R2).

GBPUSD 1.57723 / 1.57738
DAILY WEEKLY MONTHLY
High: 1.58217 | Low: 1.5765 | Chg: -0.0044 -0.28%

1.5913

1.5882

1.5860

1.5831

1.5749

1.5704

1.5653

1.5615

SUMMARY

Down

TREND

down
trend

MA10

bearish

MA20

Bearish

STOCHASTIC

neutral

 

MARKET ANALYSIS - Intraday Analysis

The GBPUSD is under bearish pressure as it is approaching towards a crucial support level 1.5749 (S1). The pair reached a high at 1.5882 (R3) and then fell back towards 1.5749 (S1). Further fall will test 1.5704 (S2) and decline below this level, suggesting target at 1.5653 (S3). On the other hand, if price manages to stay above 1.5749 (S1) then we expect the price to retest 1.5831 (R1) and then further rise to 1.5860 (R2). We look for short positions in today’s session with a stop loss above 1.5831 (R1).

USDJPY 76.705 / 76.708
DAILY WEEKLY MONTHLY
High: 76.802 | Low: 76.494 | Chg: 0.118 0.15%

77.97

77.58

77.29

76.89

76.01

75.54

75.05

74.69

SUMMARY

up

TREND

up
trend

MA10

Bullish

MA20

bullish

STOCHASTIC

overbought

 

MARKET ANALYSIS - Intraday Analysis

USDJPY rise sharply on Friday (70 pips) and made a top at 76.74. If it breaks above first resistance level 76.89 (R1) we can expect the price to approaches towards 77.29 (R1). Be on the alert for a correction downwards towards 76.49 and then a continuation to an upward move. Both of our Moving Averages are pointing to a bullish signal. We believe that the bullish pressure will continue.

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