2012-02-24 07:00 GMT
Aussie Dollar Set for a Two-Week Gain..
The euro was unchanged at $1.3373 as of 8:40 a.m. in Tokyo from Thursday and earlier touched $1.3379, matching the highest since Dec. 12. The shared currency was at 106.90 yen from 106.98 yesterday, when it rose 0.6 percent. The yen was at 79.94 per dollar from 80 yesterday. The USD/JPY finally broke down through the key 80.00 support level late Thursday after falling almost 50 pips from 80.30 to break support posting fresh intra-day lows at 79.85.
Sterling advanced 0.2 percent to $1.5696 at 5:08 p.m. London time, trimming yesterday’s 0.7 percent decline. The currency dropped 0.3 percent to 84.78 pence per euro, after depreciating to 84.89 pence, the weakest since Dec. 12.
Australia’s dollar gained 0.1 percent to $1.0728 at 11:00 a.m. in Sydney, set to rise 0.2 percent this week. The Aussie bought 85.75 yen from 85.74 yesterday. New Zealand’s currency bought 83.73 U.S. cents, 0.1 percent higher than yesterday’s close in New York. It was poised for a 0.6 percent weekly advance. The kiwi was at 66.93 yen from 66.90.
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2012-02-24 07:00 GMT
Germany
Gross Domestic Product s.a (QoQ) (Q4)
2012-02-24 07:00 GMT
Germany
Gross Domestic Product n.s.a (YoY) (Q4)
2012-02-24 09:30 GMT
United Kingdom
Gross Domestic Product (QoQ) (Q3)
2012-02-24 09:30 GMT
United Kingdom
Gross Domestic Product (YoY) (Q3)
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2012-02-24 05:40 GMT
EUR/USD muted in Asia around 1.3370
2012-02-24 02:55 GMT
EUR/AUD slides below 1.2450 on RBA comments
2012-02-24 01:11 GMT
AUD/JPY breaks the 86.00 handle
2012-02-24 00:51 GMT
GBP/USD steady below 1.5750
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SUMMARY
Up
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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
EURUSD formed a high at 1.3377 (R1) profiting on all our targets (1.3291, 1.3322 and 1.3375) recommended in yesterday’s analysis gaining a total of 117 pips!! EURUSD is in a strong uptrend momentum. A break above 1.3377 will continue its upward move targeting the next resistance level at 1.3425 (R1). A proper confirmation for the long positions will be when the price manages to break above the first resistance level of 1.3377(R2). A stop loss should be placed below 1.3293 (S1).
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SUMMARY
Up
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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 rebounded from 1.5649 (S2) and made a sharp move upwards successfully penetrating our first and second target (1.5700 and 15735) ending our day with profits!! It now seems the pair is doing a small correction before it continues its move upwards towards 1.5814 (R2). A proper confirmation for long positions will be when the price manages to break above our first resistance level. A stop loss should be placed below 1.5680.
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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 successful run since the beginning of February the USDJPY is moving in a consolidation mode between the levels of 79.88 (S1) and 80.46 (R1). If it breaks above the upper level we will be suggesting a target at 80.84 (R2) and of course continuation of the uptrend. On the other hand if it breaks below 79.88 (S1) we can expect the price to retest support at 79.35 (S2). As long as the price moves between 79.88 (S1) and 80.46 (R1) we remain flat.
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