2012-04-16 07:00 GMT
EUR/USD barely above 1.3000 in late Asia
EUR/USD heads into London session open ending the Asian trade at 1.3018, near session and fresh 5-week lows at 1.3009, losing some -0.43% from its opening price around 1.3075, and session highs at 1.3096. Local share markets are in the red with Nikkei lower by -1.33% and oil and gold also both at session lows, gold just breaking below Friday's lows. The Yen is reigning so far this Monday, benefited by the ballooning Spanish 10-yr bond yields, which recently hit the 6%, coupled with short-term negative effects on the Chinese band widening, seen as factor that will increase market volatility.
AUD/JPY has traded down to as low as 83.41 late Friday so far this Monday in Asia fueled by risk off flows triggered by the PBOC’s decision Saturday to widen the USD/CNY trading band. EUR/JPY has broken below support in the 105.45-50 area and is now targeting lower levels, last at 105.30 vs 105.92 late Friday in New York.
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2012-04-16 08:00 GMT
Turkey
Budget Balance (Mar)
2012-04-16 08:00 GMT
Italy
Global Trade Balance (Feb)
2012-04-16 09:00 GMT
European Monetary Union
Trade Balance n.s.a. (Feb)
2012-04-16 09:00 GMT
European Monetary Union
Trade Balance s.a. (Feb)
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2012-04-16 05:24 GMT
USD/JPY breaks support at 80.60
2012-04-16 01:45 GMT
AUD/JPY dips below 83.50
2012-04-16 00:54 GMT
USD/CHF well bid in Asia
2012-04-16 00:51 GMT
EUR/USD hits fresh 1-month low
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SUMMARY
Down
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TREND
Down
trend
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MA10
Bearish
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MA20
Bearish
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STOCHASTIC
Neutral
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MARKET ANALYSIS - Intraday Analysis
EURUSD after the pair formed a high at 1.3214 it fell for 2 consecutive days and formed a bottom at 1.3004 (S1) a significant technical and psychological level. A break below that level will confirm our short positions towards 1.2951 (S2) and a further fall with then be limited to 1.2913 (S3). On the other hand if the price manages to stay above 1.3004 (S1) we expect the price to retest 1.3048 (R1) and if a break happens above that level we expect the price to move towards next upwards objective at 1.3140 (R2) and to give a ‘big breath’ to the bulls as 1.3000 levels are crucial for them.
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SUMMARY
Down
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TREND
Down
trend
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MA10
Bearish
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MA20
Bearish
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STOCHASTIC
Neutral
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MARKET ANALYSIS - Intraday Analysis
GBPUSD fell this morning and formed a low at 1.5822 penetrating below Friday’s resistance level. A break below 1.5804 (S1) will continue its downward move targeting the next support level at 1.5755 (S2) a strong technical level and further decline will then be limited to 1.5704 (S3). On the other hand if the price breaks above 1.5858 (R1) it would suggest a target at 1.5909 (R2).
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SUMMARY
Down
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TREND
Down
trend
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MA10
Bearish
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MA20
Bearish
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STOCHASTIC
Neutral
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MARKET ANALYSIS - Intraday Analysis
USDJPY couldn’t hold this morning and fell, breaking below our Friday’s support level. A break below 80.35 would suggest a target at 79.67 (S2) and a further fall will focus attention on 79.13 (S3) a significant technical and psychological level. The short positions are supported by the Moving Averages 10 – 20 that are both bearish. A stop loss should be placed at 81.20 (R1).
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