|
|
2012-02-07 07:00 GMT
Euro in limbo due to Greece stalemate..
The euro traded at $1.3122 as of 8:08 a.m. in Tokyo from $1.3130 in New York yesterday when it fell 0.2 percent. EUR/USD is trading a tight 1.3109-33 range in Tuesday’s Asia-Pacific session, last seen printing in the 1.3120 price zone, just above the 50-day EMA. The common currency was little changed at 100.47 yen after losing 0.3 percent yesterday. The dollar fetched 76.56 yen from 76.55.
GBP/USD is trading in consolidation mode after rising around 100 pips during the days sessions from an intra-day low at 1.5730 to reach a daily high at 1.5840 on the back of talks on a possible Greece agreement. The pair is pricing at 1.5825, moving in a small range between 1.5820 and 1.5830.
USD/CHF falls below 0.9200. The Dollar is currently trading lower versus the Swiss Franc. After testing highs at 0.9260, the USD/CHF fell sharply losing more than 90 pips to reach levels below 0.9200 and trade close to 0.9180. Price has been hitting 0.9200 in the early part of the Asian/Pacific session.
AUD/USD has been (late evening/early morning) in a consolidation range, trading between 1.0680 and 1.0763, ending the day lower at 1.0723, 25 pips below its starting price. In the Asia-Pacific session the paring is virtually unchanged, hovering circa 1.0720, as investors await the RBA interest rate decision.
The Canadian currency, nicknamed the loonie, appreciated 0.9 percent to 99.34 cents per U.S. dollar yesterday in Toronto, from C$1.0018 on Jan. 27, the longest winning streak since the four weeks ended Oct. 28. The loonie touched 99.28 cents yesterday, the most since Oct. 31. One Canadian dollar buys $1.0066. At 1:00 am the price is currently 99.61 down 0.02 in the first part of the Asian/Pacific session.
Read More
|
|
2012-02-07 03:30 GMT
Australia
RBA Interest Rate Decision (Feb 7)
2012-02-07 05:00 GMT
Japan
Leading Economic Index (Dec) Preliminar
2012-02-07 11:00 GMT
Germany
Industrial Production s.a. w.d.a. (YoY) (Dec)
2012-02-07 11:00 GMT
Germany
Industrial Production s.a. (MoM) (Dec)
|
2012-02-07 05:03 GMT
Japan Dec Coincident Index increase to 93.2
2012-02-07 05:02 GMT
Japan: Leading Economic Index (Dec): 94.3
2012-02-07 03:30 GMT
RBA Interest Rate Decision steadies at 4.25% in Feb 7
2012-02-07 00:01 GMT
UK - BRC Retail Sales Monitor - All (YoY) -0.3% in Jan
|
|
AUDUSD
|
1.07957 / 964 |
0.007 |
0.66% |
|
NZDUSD
|
0.83315 / 329 |
-0.0009 |
-0.11% |
|
USDCHF
|
0.91988 / 000 |
0.0014 |
0.15% |
|
USDCAD
|
0.99699 / 705 |
0.0013 |
0.13% |
|
GBPJPY
|
121.161 / 179 |
0.041 |
0.03% |
|
EURCHF
|
1.20593 / 611 |
-0.0003 |
-0.02% |
|
GOLD
|
1726.20 / .56 |
6.4301 |
0.37% |
|
SILVER
|
33.68 / .72 |
0.05 |
0.15% |
|
|
|
EURUSD 1.31086 / 1.31092
|
|
High: 1.31366 | Low: 1.30891 | Chg: -0.0022 -0.17%
|
|
|
|
SUMMARY
up
|
TREND
sideway
|
MA10
bullish
|
MA20
bullish
|
STOCHASTIC
neutral
|
|
|
|
MARKET ANALYSIS - Intraday Analysis
EURUSD after a short consolidation, continues to rise from yesterdays support level of 1.3026 (S1) and has reached a high at 1.3141 (R1) so far. If we switch to an H4 timeframe, we can see that the pair is going through a trading range between our first support and 1.3205 (R3). If the pair manages to hold above 1.3026 (S1) we can expect a further rise towards our first resistance level at 1.3141 (R1) and a sustained rise will then approach 1.3167 (R2). On the other hand, if the price does not manage to break above 1.3141 ( R1) we can expect the price to move downwards and retest the first support level at 1.3026 (S1) a technical and psychological level for the bulls and a deeper decline could be then supported at 1.2962 (S2).
|
GBPUSD 1.57995 / 1.58008
|
|
High: 1.58314 | Low: 1.57962 | Chg: -0.0024 -0.15%
|
|
|
|
SUMMARY
|
TREND
up trend
|
MA10
Bullish
|
MA20
bullish
|
STOCHASTIC
oversold
|
|
|
|
MARKET ANALYSIS - Intraday Analysis
After price formed bottom at 1.5729 (S1) GBPUSD was able to break above 1.5776 and has now found a strong resistance at 1.5831 (R1). A break above that level will be suggesting target at 1.5860 (R2) and 1.5882 (R3). On the other hand, if price fails to break above 1.5831 (R1) we will then expect the price to retest 1.5729 (S1) and then further decline towards 1.5704 (S2). We are in a very crucial level as it is a possibility to either have a continuation of the uptrend or a correction downwards towards our first support level and then continue its upwards move. Look for long positions in today trading session.
|
USDJPY 76.685 / 76.690
|
|
High: 76.78 | Low: 76.517 | Chg: 0.138 0.18%
|
|
|
|
SUMMARY
up
|
TREND
up trend
|
MA10
bullish
|
MA20
bullish
|
STOCHASTIC
oversold
|
|
|
|
MARKET ANALYSIS - Intraday Analysis
USDJPY fell yesterday after reaching a strong resistance level 76.80 (R1) and was supported at 76.49 (S1) and now it seems that it is going to retest that level again. We expect the price to retest and then break below our first support level targeting 76.25 (S2) and 76.01 (S3). Look for short positions as the pair is losing momentum and we can see clearly that the bearish are holding strong resistance levels.
|
|
MARKET INFORMATION AND OPINIONS: Any information provided by FXCC
on this newsletter, including but not limited to news, research, opinions, analyses
and prices, is provided as commentary on the Forex market generally -- in other
words, it is not, and should not be considered as, investment advice. Consequently,
FXCC shall not be liable for any loss or damage, including but not limited to loss
of profits, which arises directly or indirectly from reliance upon or use of information
contained on this newsletter.
RISK WARNING: Trading in Forex and Contracts for Difference (CFDs) is highly speculative
and involves substantial risk of loss. It is possible to lose all your capital.
Forex and CFDs may not be suitable for all investors. Only invest with money you
can afford to lose. Please ensure you fully understand the risks involved before
investing. Seek independent advice if necessary.
|
|