2012-01-23 07:30 GMT
Euro falls sharply on open versus many of its peers
The euro fell 0.3 percent to $1.2890 as of 9:20 a.m. in Tokyo from $1.2931 in New York on Jan. 20th when it reached $1.2986, the highest level since Jan. 4th. The seventeen nation common currency declined 0.4 percent to 99.24 yen. The dollar traded at 76.99 yen from 77.01. The USD/JPY possibly remains in consolidation around 77.00 at the start of trading this Monday, after last week saw the paring retrace below 77.05 after failing to break above 100 DMA.
Australia’s dollar fetched $1.0463 from $1.0484 on Jan. 20. It earlier rose as high as $1.0494, its strongest level since Nov. 1. The overall positive mood which enveloped global equity markets last week helped support the Aussie AUD at the open, price is off slightly following a slight fall in the Australian producer price index (QoQ) at 0.3% from a 0.5% consensus.
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2012-01-23 00:30 GMT
Australia
Producer Price Index (QoQ) (Q4)
2012-01-23 00:30 GMT
Australia
Producer Price Index (YoY) (Q4)
2012-01-23 09:00 GMT
European Monetary Union
EcoFin Meeting
2012-01-23 15:00 GMT
EU - Consumer Confidence (Dec) Preliminar
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2012-01-23 05:35 GMT
EUR/USD gap down unfilled in Asia
2012-01-23 00:41 GMT
Australia: PPI rises 2.9% in year to December
2012-01-23 00:31 GMT
Australia: Producer Price Index (QoQ) (4Q): 0.3%
2012-01-23 00:17 GMT
USD/JPY still consolidating below 77.00
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AUDUSD
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| 1.04936 / 940 |
| 0.001 |
0.1% |
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NZDUSD
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| 0.80779 / 796 |
| 0.0017 |
0.22% |
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USDCHF
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| 0.93724 / 736 |
| 0.003 |
0.32% |
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USDCAD
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| 1.01291 / 301 |
| 0 |
0% |
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GBPJPY
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| 119.684 / 700 |
| -0.279 |
-0.23% |
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EURCHF
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| 1.20821 / 840 |
| 0 |
0% |
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GOLD
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| 1669.77 / .13 |
| 3.65 |
0.22% |
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SILVER
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| 32.23 / .26 |
| 0.13 |
0.4% |
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EURUSD 1.28914 / 1.28918
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High: 1.29081 | Low: 1.28759 | Chg: -0.004 -0.31%
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SUMMARY
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TREND
up
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
The EURUSD continued to rise the whole week from 1.2624 (S4) and formed a high at 1.2987 (R2). The pair seems to be forming a correction downwards, towards 1.2878 and there are also possibilities to retest our first support level at 1.2838 (S1). Look for a long position near the support levels, targeting 1.2987 (R2).
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GBPUSD 1.55349 / 1.55358
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High: 1.55621 | Low: 1.55273 | Chg: -0.0041 -0.26%
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SUMMARY
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TREND
up
trend
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MA10
Bullish
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MA20
bullish
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STOCHASTIC
neutral
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MARKET ANALYSIS - Intraday Analysis
GBPUSD broke above 1.5500 (S1) level and formed a top at 1.5579 (R1). It now seems to be heading towards the same resistance level. A break above that level would suggest a target of 1.5614 (R2) and a further rise will then focus on the next target at 1.5639 (R3). On the downside, if the price rebounds from the current resistance level we can expect retesting at 1.5500 (S1), a technical and psychological level. A further fall will then bring focus to the next support level at 1.5448 (S2).
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USDJPY 77.041 / 77.046
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High: 77.08 | Low: 76.929 | Chg: 0.016 0.02%
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SUMMARY
neutral
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TREND
sideway
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MA10
Bullish
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MA20
bullish
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STOCHASTIC
neutral
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MARKET ANALYSIS - Intraday Analysis
USDJPY after a short consolidation, continue to rise from Friday’s support level of 76.55(S2) and has reached a high at 77.32 (R1) so far. If we switch to an H4 timeframe, we can see that the pair is going through another consolidation and if the pair manages to hold above 76.55 (S2) we can expect a further rise towards our first resistance level at 77.32 (R1) and a sustained rise will then approach 77.56 (R2). On the other hand, if the price does not manage to break above 77.32 ( R1) we can expect the price to move downwards and retest the second support level at 76.55 (S2) and a deeper decline could be then supported at 76.05 (S3).
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