2012-04-06 07:00 GMT
EUR/USD flat in Asia around 1.3070
EUR/USD had a little lift ahead of Shanghai open from session lows 1.3153 up to current 1.3069, and that was about it. Trapped in a tiny spread of 3 pips for the last two hours, the pair just sits above NY highs, holding onto some -0.53% from yesterday's Asian open, with Australia, New Zealand, Hong-Kong and Singapure on holidays for current session.
The day ahead shows a blank agenda for the London session as both UK and Europe mainland will be closed on holidays, and main risk event will be US NFP at 12:30 GMT which is expected widely above the +200k figure for jobs added in the non farm payroll
With Tokyo the largest FX trading center open during the Asia-Pacific session, the USD/JPY pair is getting some modest action in an otherwise comatose start to trading this Friday due to the upcoming Easter holiday.
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2012-04-06 06:45 GMT
France
Trade Balance EUR (Feb)
2012-04-06 12:30 GMT
United States
Nonfarm Payrolls (Mar)
2012-04-06 12:30 GMT
United States
Average Hourly Earnings (MoM) (Mar)
2012-04-06 12:30 GMT
United States
Unemployment Rate (Mar)
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2012-04-06 05:06 GMT
Japan Coincident Index increase to 93.7 in Mar
2012-04-06 05:04 GMT
Japan: Leading Economic Index (Feb): 96.6
2012-04-06 02:10 GMT
EUR/AUD paused above 8-day low 1.2660
2012-04-06 00:56 GMT
EUR/USD holds above 1.3050 after overnight push down
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SUMMARY
Down
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TREND
Down
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 fell below our first support and formed a new bottom at 1.3035 (S1). After that the price rise and closed below the first resistance level. We expect the EURUSD to find a strong support around 1.3000 (S2) as it is a strong technical and psychological level for the bulls. We might see a correction upwards and then a continuation of the downtrend or we can see a continuation of the downtrend without a correction. Our recommendations for today’s trading session is no positions as in the last 3-4 sessions we got around 250 pips of profit on this pair and it is better to wait until we see which of the bulls of the bear will win the battle. No position.
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SUMMARY
Down
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TREND
Down
trend
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MA10
Bullish
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MA20
Bullish
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STOCHASTIC
Neutral
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MARKET ANALYSIS - Intraday Analysis
The GBPUSD fell and formed a strong support at 1.5804 (S1) a significant technical and psychological level. Following that, the price rise and now is moving below the first resistance level. The same with this pair as since this week we made around 250 pips in profit we remain flat as we expect the pair to find a strong support at 1.5804 (S1). Now it is very important what the bearish have in mind and if the traders will hold their short positions against the GBP. No position.
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SUMMARY
Down
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TREND
Down
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
The USDJPY fell and formed a new low at 81.82 (S1). Following that the price rise and closed just below of today’s resistance level. A break above 82.43 level would suggest target at 82.98 (R2) and further rise will then be limited at 83.31 (R3). On the other hand a break below 81.82 would suggest target at 81.05 (S3). A stop loss in both cases should be placed around 50 pips away from support or resistance level.
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