2012-01-24 07:30 GMT
Euro Yen rallies from the eleven years lows seen over recent weeks
The
euro gained 0.6 percent to $1.3013 at 5 p.m. New York time after rising
to $1.3053, the highest level seen since Jan. 4. The seventeen nation
common currency advanced 0.6 percent to 100.25 yen, while the dollar was
little changed at 77.02 yen.
EUR/JPY accelerated higher on Monday from an earlier test of 99.00,
reaching fresh 4-week highs in the 100.50 price zone before ending trade
in New York at 100.22, 0.70% higher on the day. a significant move away
from the fresh eleven year lows being reached over recent weeks.
The pound weakened 0.8 percent to 83.66 pence per euro at 5:01 p.m.
London time. Sterling was little changed at 119.87 yen and $1.5580. The
rally of the Pound versus the Dollar finally stalled at the key round
number level of 1.5600 as the Greenback managed to trim its losses
across the board.
USD/CHF dropped more than 120 pips on Monday, sliding to its lowest
level since Dec 21 at 0.9250 before recovering, the pair was printing
around circa 0.9260, down 1.2% on the day earlier in the evening.
Australia’s
dollar gained 0.4 percent to $1.0525, and New Zealand’s currency
advanced 0.5 percent to 81.01 cents. Interest rates are 4.25 percent and
2.5 percent respectively, compared with near zero rates in the U.S. and
Japan making their deposit rates and carry trade possibilities highly
attractive.
Canada’s dollar appreciated to within a cent of parity with the U.S.
currency in the afternoon session as leading economic indicators
increased for a sixth month in December, according to Statistics Canada.
The loonie gained 0.5 percent to C$1.0086 per U.S. dollar. It has not
traded above parity since Nov. 1.
The Canadian dollar also traded within one tenth of a cent of a 15-year
low versus its Australian counterpart. The loonie was little changed at
C$1.0617 today, after dropping to C$1.0663 yesterday. It reached
C$1.0666 per Australian dollar Oct. 28, the weakest level since May 1997
Read More
|
|
2012-01-24 03:35 GMT
Japan
BoJ Interest Rate Decision (Jan 24)
2012-01-24 08:28 GMT
Germany Purchasing Manager Index Manufacturing (Jan)
2012-01-24 08:58 GMT
European Monetary UnionPurchasing Manager Index Manufacturing (Jan)
2012-01-24 09:30 GMT
United Kingdom
Public Sector Net Borrowing (Dec)
|
2012-01-24 06:48 GMT
EUR/USD flat after Asian session
2012-01-24 04:34 GMT
GBP/USD retreats from 1.5600 on run to safety
2012-01-24 03:36 GMT
Japan Jan 24 BoJ Interest Rate Decision steadies at 0.1%
2012-01-24 02:08 GMT
EUR/AUD finds a short term base above 1.2350
|
|
AUDUSD
|
1.05031 / 039 |
-0.0021 |
-0.2% |
|
NZDUSD
|
0.80997 / 017 |
-0.0001 |
-0.01% |
|
USDCHF
|
0.92757 / 763 |
0.0001 |
0.01% |
|
USDCAD
|
1.00836 / 845 |
-0.0001 |
-0.01% |
|
GBPJPY
|
119.765 / 779 |
-0.122 |
-0.1% |
|
EURCHF
|
1.20709 / 721 |
-0.0001 |
-0.01% |
|
GOLD
|
1675.86 / .22 |
-0.66 |
-0.04% |
|
SILVER
|
32.40 / .42 |
0.07 |
0.22% |
|
|
|
EURUSD 1.30139 / 1.30144
|
|
High: 1.30299 | Low: 1.29874 | Chg: 0 0%
|
|
|
|
SUMMARY
up
|
TREND
up trend
|
MA10
neutral
|
MA20
neutral
|
STOCHASTIC
neutral
|
|
|
|
MARKET ANALYSIS - Intraday Analysis
The
EURUSD continued to rise from 1.2874 (S2) and reached a high yesterday
at 1.3051 (R1). Following that we saw a correction towards the first
support level at 1.2986 (S1). It seems the pair will re-test a high
soon. If the price will have enough momentum we can expect a rise
towards 1.3051 (R1) and focus on 1.3150 (R2) a strong technical and
psychological level.
|
GBPUSD 1.55544 / 1.55554
|
|
High: 1.558 | Low: 1.5537 | Chg: -0.0012 -0.08%
|
|
|
|
SUMMARY
|
TREND
up trend
|
MA10
neutral
|
MA20
neutral
|
STOCHASTIC
neutral
|
|
|
|
MARKET ANALYSIS - Intraday Analysis
The
GBPUSD fell and formed a bottom at 1.5515 (S1). After that the price
rebounded and was able to break above yesterday’s resistance at 1.5579
and it seems it will re-test a high soon. A break above the first
resistance would suggest a target of 1.5668 (R2). If price holds its
momentum on the upside we can expect a further rise towards 1.5698 (R3).
On the other hand, if the price does not manage to break above 1.5601
(R1) we can expect the pair to retest support at 1.5515 (S1) and a
further fall will be limited to 1.5449 (S2).
|
USDJPY 77.001 / 77.004
|
|
High: 77.047 | Low: 76.956 | Chg: -0.02 -0.03%
|
|
|
|
SUMMARY
neutral
|
TREND
sideway
|
MA10
neutral
|
MA20
neutral
|
STOCHASTIC
overbought
|
|
|
|
MARKET ANALYSIS - Intraday Analysis
USDJPY
rose yesterday and was stopped at 77.32 (S1) where price rebounded and
fell forming a bottom at 76.85 (S1). A break below 76.85 (S1) will be a
proper confirmation for short positions targeting 76.55 (S2) and 76.08
(S3). Look for short positions at current price with a stop loss above
first resistance 77.32 (R1).
|