2012-01-12 07:30 GMT
The euro was 0.4 percent from its sixteen month low versus the dollar
The euro was little changed at $1.2709 as of 8:15 a.m. in Tokyo from yesterday in New York, when it slid to as low as $1.2662, the weakest level since September 2010. It bought 97.72 yen from 97.67. The dollar traded at 76.89 yen from 76.85.
GBP/USD sold off on Wednesday as doubts regarding the fragile European economy pushed market participants toward safer haven currencies causing interest in the greenback across the board. The sell-off broke through several levels of clustered support, extended to a fresh 3-month low of 1.5307 finally losing circa 1% on the trading day.
EUR/GBP reached at 0.8287 the highest price since last Thursday. Price began testing the resistance area located around 0.8290 that capped the rise a week ago. The pair is extending the recovery after falling on Monday to 0.8220, this was the the lowest price printed in over 15 months, the euro rise was supported by the decline of the Pound across the board versus most of its major peers.
The Canadian currency, nicknamed the loonie for the image of the aquatic bird on the C$1 coin, declined 0.4 percent to C$1.0196 per U.S. dollar at 5 p.m. Toronto time. One Canadian dollar buys 98.08 U.S. cents.
Wednesday saw the AUD/USD pair trade in range between 1.0260 and 1.0325, ending trade in New York flat over thd 24 hours prior period. New Zealand’s currency was little changed at 79.67 U.S. cents.
Read More
|
|
2012-01-12 12:00 GMT
United Kingdom BoE Asset Purchase Facility (Jan)
2012-01-12 12:00 GMT
United Kingdom BoE Interest Rate Decision (Jan 12)
2012-01-12 12:45 GMT
European Monetary Union ECB Interest Rate Decision
2012-01-12 13:30 GMT
European Monetary Union ECB President Draghi's Speech
|
2012-01-12 05:36 GMT
EUR/USD, semi-paralyzed ahead of risk events
2012-01-12 05:15 GMT
Japan Eco Watchers Survey: Current improves to 47 in Dec
2012-01-12 01:36 GMT
China: CPI, PPI both lower in the year to Dec
2012-01-12 00:08 GMT
Speculators may be turning towards the Kiwi
|
|
|
AUDUSD
|
| 1.02973 / 982 |
| -0.0013 |
-0.12% |
|
|
NZDUSD
|
| 0.79487 / 496 |
| -0.002 |
-0.26% |
|
|
USDCHF
|
| 0.95391 / 405 |
| -0.0001 |
-0.01% |
|
|
USDCAD
|
| 1.01876 / 885 |
| -0.0004 |
-0.04% |
|
|
GBPJPY
|
| 117.706 / 720 |
| -0.099 |
-0.08% |
|
|
EURCHF
|
| 1.21213 / 233 |
| 0.0002 |
0.01% |
|
|
GOLD
|
| 1646.21 / .57 |
| 4.8 |
0.29% |
|
|
SILVER
|
| 30.08 / .11 |
| 0.13 |
0.43% |
|
|
|
|
EURUSD 1.27090 / 1.27094
|
|
|
High: 1.27279 | Low: 1.2702 | Chg: 0.0003 0.02%
|
|
|
|
|
|
SUMMARY
Down
|
TREND
down
trend
|
MA10
neutral
|
MA20
neutral
|
STOCHASTIC
neutral
|
|
|
|
|
MARKET ANALYSIS - Intraday Analysis
EURUSD fell yesterday and reached a low at 1.2666 (S1) and then rebounded for a couple of pips and is now heading towards the same support level. If it breaks below that level, we can expect a target at 1.2597 (S2) and 1.2561 (S3). On the other hand if the price manages to stay above our support level of 1.2666 (S1) then the expected target is at 1.2817 (R1). Our recommendation for today is short positions at 1.26666 (S1) with a stop loss above 1.2709.
-
|
|
GBPUSD 1.53009 / 1.53023
|
|
|
High: 1.53361 | Low: 1.52927 | Chg: -0.0026 -0.17%
|
|
|
|
|
|
SUMMARY
Down
|
TREND
down
trend
|
MA10
bearish
|
MA20
Bearish
|
STOCHASTIC
neutral
|
|
|
|
|
MARKET ANALYSIS - Intraday Analysis
GBPUSD fell sharply yesterday and made a bottom at 1.5308. If it breaks below that level we can expect the price to retest 1.5262 (S1), a weekly support level. Be on the alert for a correction upwards towards 1.5394 (R1) and then a continuation to a downward move. Both of our Moving Averages are pointing to a bearish signal. We believe that the bearish pressure will continue.
-
|
|
USDJPY 76.921 / 76.924
|
|
|
High: 76.926 | Low: 76.825 | Chg: 0.063 0.08%
|
|
|
|
|
|
SUMMARY
up
|
TREND
up
trend
|
MA10
bullish
|
MA20
neutral
|
STOCHASTIC
neutral
|
|
|
|
|
MARKET ANALYSIS - Intraday Analysis
USDJPY formed a top at 77.03 (R1) but couldn’t break above that level and bounced back towards 76.76 yesterday’s support. It seems that the USDJPY is gaining momentum and we can expect bullish moves in today’s session. Look for long positions targeting 77.33 (R2) with a stop loss below 76.60 (S2).
-
|
