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MARKET UPDATE 11.01.2012

2012-01-11 07:40 GMT

The dollar and yen fell versus most of their major peers

The franc was little changed at 1.2128 per euro after earlier gaining to 1.2107, the strongest since Sept. 20. The dollar fell 0.1 percent to $1.2778 per euro at 5 p.m. in New York after weakening 0.4 percent yesterday. It depreciated earlier today to $1.2818, the least since Jan. 5. The yen declined 0.1 percent to 98.19 per euro. The dollar was unchanged at 76.85 yen. The GBP/USD rally from its recent lows continued on Tuesday, reaching the 1.5500 price area from the earlier session low of 1.5445, ending trade in New York 0.17% higher at 1.5482.

New Zealand’s currency, nicknamed the kiwi, rose 0.9 percent to 79.44 U.S. cents, and Australia’s dollar advanced 0.7 percent to $1.0314. The Canadian dollar has appreciated more than 1% this week, Tuesday saw USD/CAD fall to a 3-day low of 1.0152 from the earlier high of 1.0238.

Read More

2012-01-11 05:00 GMT

Japan - Leading Economic Index (Nov) Preliminar

2012-01-11 08:00 GMT

Germany - Real GDP Growth

2012-01-11 09:00 GMT

EU - Gross Domestic Product s.a. (QoQ) (Q3

2012-01-11 09:00 GMT

EU - Gross Domestic Product s.a. (YoY) (Q3)

2012-01-11 05:05 GMT

Japan Leading Economic Index rises to 92.9 in Nov

2012-01-11 02:12 GMT

China should use $2 trill FX reserves for overseas investment

2012-01-11 01:15 GMT

The Greenback roars ahead through an active Asian session

2012-01-11 00:01 GMT

United Kingdom Dec BRC Shop Price Index (MoM) 1.7%

AUDUSD
1.02974 / 980
-0.0016 -0.15%
NZDUSD
0.79456 / 473
0.0003 0.04%
USDCHF
0.95071 / 087
0.0017 0.18%
USDCAD
1.01594 / 603
0.0003 0.03%
GBPJPY
118.902 / 916
-0.075 -0.06%
EURCHF
1.21261 / 278
-0.0001 -0.01%
GOLD
1643.57 / .93
11.5599 0.71%
SILVER
30.10 / .12
0.15 0.5%
EURUSD 1.27540 / 1.27547
DAILY WEEKLY MONTHLY
High: 1.27789 | Low: 1.27287 | Chg: -0.0024 -0.19%

1.3021

1.2969

1.2897

1.2818

1.2719

1.2666

1.2597

1.2561

SUMMARY

TREND

up
trend

MA10

bearish

MA20

bearish

STOCHASTIC

neutral

 

MARKET ANALYSIS - Intraday Analysis

EURUSD found a strong technical support at 1.26666 (S2) and in yesterday’s session it moved upwards and reached a top at 1.2818 (R1). Following that we saw a decline towards Tuesday’s support level at 1.2719 (S1). A break below that level we can expect the price to retest 1.2666 (S2), and with further decline we will be targeting 1.2597 (S3). On the upside, if price manages to break above our first resistance level 1.2818 (R1) price will most probably approach 1.2897 (R2). In the daily chart the pair is in a downtrend mode with the price moving closer to the downtrend trend line. Our recommendation for today’s session is no position as we can wait either for a reaction upwards and retest of the downtrend trend line or for a move downwards and continuation of the downtrend trend.

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GBPUSD 1.54612 / 1.54618
DAILY WEEKLY MONTHLY
High: 1.54904 | Low: 1.54472 | Chg: -0.0023 -0.15%

1.5630

1.5579

1.5525

1.5497

1.5422

1.5395

1.5364

1.5312

SUMMARY

TREND

up
trend

MA10

bearish

MA20

Bearish

STOCHASTIC

neutral

 

MARKET ANALYSIS - Intraday Analysis

The GBPUSD formed a top yesterday at 1.5497 (R1) and now it seems that it is moving upwards to retest the same resistance level. A break above that level will confirm our long positions targeting 1.5579 (R3). A stop loss should be placed below 1.5447. On the downside if price manages to stay below 1.5525 (R2) we will focus for a retest downwards towards our support level 1.5364 (S3) a strong technical and psychological level for the bulls.

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USDJPY 76.906 / 76.909
DAILY WEEKLY MONTHLY
High: 76.941 | Low: 76.812 | Chg: 0.068 0.09%

78.03

77.56

77.33

77.00

76.76

76.60

76.04

75.08

SUMMARY

neutral

TREND

sideway

MA10

Bullish

MA20

bullish

STOCHASTIC

neutral

 

MARKET ANALYSIS - Intraday Analysis

USDJPY is moving in a trading range between the levels 76.76 (S1) and 77.00 (R1). Now the price is retesting our resistance level and a break above 77.00 we expect the price to rise more towards 77.33 (R2). On the other hand, if price bounce from 77.00 (R1) we expect the price to move further downwards towards 76.60 (S2) a strong technical support level. Deeper decline will then retest 76.04 (S3). Look for a long or short position above or below either level.

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