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2012-01-25 07:30 GMT
Overview dollar reaches highest level versus the yen in 2012
The dollar rose 0.8 percent to 77.67 yen at 5 p.m. in New York and touched 77.85, the highest level since Dec. 29. The greenback dropped 0.2 percent to $1.3036 per euro. The common currency rose 1 percent to 101.25 yen. The yen’s fall gained further momentum after breaking through the 70.40 yen per dollar level, which was a key technical level.
The pound rose 0.4 percent to $1.5626 and appreciated 0.2 percent to 83.42 pence per euro.
USD/CHF rose after Wall Street opened, rising to 0.9310 but failing to hold gains above the crucial round number of 0.9300 and retreated. The US Dollar lost the majority of the gains, falling to 0.9275 ending the day circa 0.9280, a nominal gain of 0.05% on the day.
The currency, nicknamed the loonie, depreciated 0.01 percent to C$1.0090 per U.S. dollar at 5 p.m. Toronto time. It dropped as much as 0.6 percent, the most on an intraday basis since Jan. 13. One Canadian dollar buys 99.10 U.S. cents.
The Australia CPI data is the key economic event for the AUD/USD Wednesday, with the pair pulling back from its recent 3-month high overnight to end the American session at 1.0492, down circa 0.28% on the day.
Read More
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2012-01-25 00:30 GMT
Australia
Consumer Price Index (YoY) (Q4)
2012-01-25 09:30 GMT
United Kingdom
Bank of England Minutes
2012-01-25 09:30 GMT
United Kingdom
BBA Mortgage Approvals (Dec)
2012-01-25 09:30 GMT
United Kingdom
Gross Domestic Product (YoY) (Q4) Preliminar
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2012-01-25 03:17 GMT
EUR/JPY hits one-month high, 101.80 next resistance
2012-01-25 00:40 GMT
Australia: CPI rose 3.1% through the year to the December quarter, weaker than expected
2012-01-25 00:31 GMT
Australia Consumer Price Index (QoQ) 0% in 4Q
2012-01-25 00:06 GMT
Japan: Logs trade deficit for 2011, first in a generation
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AUDUSD
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| 1.05372 / 380 |
| 0.0044 |
0.42% |
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NZDUSD
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| 0.81148 / 165 |
| -0.0003 |
-0.03% |
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USDCHF
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| 0.92817 / 832 |
| 0.0006 |
0.06% |
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USDCAD
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| 1.01029 / 037 |
| 0.0014 |
0.14% |
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GBPJPY
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| 121.633 / 647 |
| 0.279 |
0.23% |
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EURCHF
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| 1.21025 / 037 |
| 0.0012 |
0.1% |
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GOLD
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| 1669.07 / .43 |
| 3.5099 |
0.21% |
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SILVER
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| 32.28 / .31 |
| 0.29 |
0.91% |
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EURUSD 1.30389 / 1.30396
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High: 1.30469 | Low: 1.30155 | Chg: 0.0003 0.02%
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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
oversold
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MARKET ANALYSIS - Intraday Analysis
EURUSD is in a strong uptrend momentum. On the 16th of January we recommended no positions, as the price was approaching the downtrend trend line and we were expecting a break out and trend reversal. On the 18th the break out took place, and the Dow Pattern is now completed, as, in the meantime, it made downward corrections (legs) and we took the profit recommended to you. This is regarding the daily timeframe. In the intraday, we can clearly see that the price is moving upwards, making the necessary corrections towards the uptrend trend line. If the price breaks above our first resistance at 1.3053 (R1) then it is a proper confirmation for long positions targeting 1.3132 (R2). On the other hand if the price does not manage to break above 1.3053 (R1) then we can expect a retest of the trend line around 1.2975 or even the first support level at 1.2953 (S1).
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GBPUSD 1.56157 / 1.56169
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High: 1.56274 | Low: 1.55877 | Chg: -0.0009 -0.06%
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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
oversold
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MARKET ANALYSIS - Intraday Analysis
The GBPUSD formed a top yesterday at 1.5627 (R1) and now it seems it is moving downwards to retest the support levels. If a break occurs below 1.5564 (S1), we suggest a target at 1.5515 (S2) and then 1.5449 (S3). The pair is at a crucial level as if it breaks above the first resistance we will have a change in the trend (daily). Our recommendation for today’s session is - no position, we remain flat, until we see the reaction of the price and a clearer trend developing.
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USDJPY 77.890 / 77.895
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High: 77.979 | Low: 77.615 | Chg: 0.226 0.29%
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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
overbought
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MARKET ANALYSIS - Intraday Analysis
USDJPY made a sharp move upwards and formed a top at 77.81, penetrating upwards though all our resistance levels. If the price breaks above 78.28 (R1) then there is a possibility of a trend reversal – upwards to the daily chart. Now, if the price does not manage to break above our first resistance then we expect it to retest our support levels 77.55 (S1), 77.12 (S2) and then 76.54 (S3) and continue its downtrend move. We can open a short position with a stop loss above the first resistance as we consider 78.28 (R1) a strong technical and psychological level. For the more conservative trader looking for a trend reversal upwards or a continuation of the downward trend, we suggest no open positions.
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MARKET INFORMATION AND OPINIONS: Any information provided by FXCC
on this newsletter, including but not limited to news, research, opinions, analyses
and prices, is provided as commentary on the Forex market generally -- in other
words, it is not, and should not be considered as, investment advice. Consequently,
FXCC shall not be liable for any loss or damage, including but not limited to loss
of profits, which arises directly or indirectly from reliance upon or use of information
contained on this newsletter.
RISK WARNING: Trading in Forex and Contracts for Difference (CFDs) is highly speculative
and involves substantial risk of loss. It is possible to lose all your capital.
Forex and CFDs may not be suitable for all investors. Only invest with money you
can afford to lose. Please ensure you fully understand the risks involved before
investing. Seek independent advice if necessary.
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