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MARKET UPDATE 16.02.2012

2011-08-10 07:30 GMT

Aussie enjoys 50 pip spike versus greenback on excellent employment data.

The seventeen nation shared currency lost 0.1 percent to $1.3059 as of 8:00 a.m. in Tokyo from yesterday in New York, when it slid to $1.3044, the lowest level witnessed since Feb. 6. The euro dropped 0.1 percent to 102.39 yen. The dollar fell 0.1 percent to 78.39 yen. The Aussie declined 0.1 percent to $1.0689 and retreated 0.1 percent to 83.79 yen. GBP/JPY traded in range between 122.59 and 123.50 on Wednesday, ending trade in NY at 123.06, just a few pips above its starting price.

Canada’s dollar depreciated 0.1 percent to parity with the greenback, C$1 per U.S dollar, at 5 p.m. in Toronto. It advanced earlier as much as 0.5 percent to 99.38 cents, the strongest level since Feb. 9. AUD/USD had a 55+ pips spike in early trading surging from 1.0680 key technical level to peak at 1.0737 due to strong employment numbers from Australia. The Kiwi gave back all its gains versus the greenback in the NY session on Wednesday, this pattern has continued in the early part of the Asian session. Having climbed above 8400 in the European session the pair is now printing at or around the 8330 zone.

Read More

2012-02-16 08:55 GMT

Australia Employment Change s.a. (Jan)

2012-02-16 08:55 GMT

Spain Gross Domestic Product (YoY) (Q4)

2012-02-16 09:55 GMT

European Monetary Union ECB Monthly Report

2012-02-16 09:55 GMT

Netherlands, The Unemployment Rate s.a (3M) (Jan)

2012-02-16 03:55 GMT

AUD/JPY slumps after early gains

2012-02-16 01:13 GMT

EUR/USD edging lower on Greek anxiety

2012-02-16 00:34 GMT

Australia Jan Employment Change s.a. -46.3K

2012-02-16 00:31 GMT

Australia Jan Unemployment Rate s.a. 5.1%

AUDUSD
1.06845 / 851
-0.0013 -0.12%
NZDUSD
0.82761 / 776
-0.006 -0.72%
USDCHF
0.92701 / 711
0.0036 0.39%
USDCAD
1.00195 / 198
0.002 0.2%
GBPJPY
123.151 / 165
0.079 0.06%
EURCHF
1.20675 / 691
0.0002 0.01%
GOLD
1719.86 / .22
-8.3199 -0.48%
SILVER
33.22 / .24
-0.22 -0.66%
EURUSD 1.30175 / 1.30180
DAILY WEEKLY MONTHLY
| Chg: -0.0048 -0.37%

1.3285

1.3217

1.3153

1.3080

1.3006

1.2956

1.2904

1.2867

SUMMARY

Down

TREND

down
trend

MA10

bearish

MA20

Bearish

STOCHASTIC

Overbought

 

MARKET ANALYSIS - Intraday Analysis

The EURUSD fell and formed a bottom at 1.3006 (Fibo-38.2% level) a level that has been retested 3 times in the past. If the price manages to hold above 1.3006 (S1) we can expect retest of 1.3080 (R1) and further rise will then focus at 1.3153 (R2). Look for long positions in today’s trading session with a stop loss below 1.2956 (S2).

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GBPUSD 1.56834 / 1.56843
DAILY WEEKLY MONTHLY
High: 1.56973 | Low: 1.56596 | Chg: -0.0009 -0.06%

1.5877

1.5828

1.5771

1.5723

1.5643

1.5594

1.5567

1.5543

SUMMARY

Down

TREND

down
trend

MA10

bearish

MA20

Bearish

STOCHASTIC

Overbought

 

MARKET ANALYSIS - Intraday Analysis

GBPUSD fell sharply yesterday and made a bottom at 1.5643 (S1). If it breaks below that level we can expect the price to retest 1.5594 (S2), a significant strong support level. Be on the alert for a correction upwards towards 1.5723 (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.

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USDJPY 78.524 / 78.528
DAILY WEEKLY MONTHLY
High: 78.534 | Low: 78.36 | Chg: 0.098 0.12%

80.00

79.67

79.09

78.66

77.80

77.34

76.78

76.43

SUMMARY

TREND

up
trend

MA10

Bullish

MA20

bullish

STOCHASTIC

Overbought

 

MARKET ANALYSIS - Intraday Analysis

USDJPY after price formed top at 78.66 (R1), price continued in sideways move between 78.16 support and resistance at 78.66. Right now it seems USD is gaining momentum and we can expect probably the price will be targeting at second resistance at 79.09 (R2). Further rise above this level will then focus on 79.67 (R3) resistance and if USD holds its momentum, rise might be limited at 80.00 (R4) resistance.

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