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MARKET UPDATE 27.02.2012

2012-02-27 07:00 GMT

The dollar climbed to its highest level in almost nine months against the yen

In the first hour of Asia-Pacific session the euro rose 0.6 percent to 109.83 yen as of 7:55 a.m. in Tokyo from 109.18 in New York on Feb. 24. The common currency traded as high as 109.91, its strongest level since Oct. 31. It advanced 0.1 percent to $1.3468. The dollar climbed as much as 0.6 percent to 81.67 yen, its highest level since May 31, before trading at 81.55. However, The yen erased its 0.6 percent loss versus the dollar before trading at 81.14 as of 9:35 a.m. Tokyo time from 81.20 on Feb. 24 in New York. GBP/USD opened the Asia-Pacific session at 1.5880 from 1.5896 Friday close in New York; the pair experienced heavy selling interest at 1.5899, dipping to as low as 1.5860.

AUD/USD fell back from the early open session upside-gap at the weekly opening, falling from 1.0704 to close the gap and reach as low as 1.0683 in early Asia, recently quoting a fraction below 1.0700. The New Zealand Trade Balance declined to -199M in Jan from 338M. This shock number caused a sharp sell off in the kiwi, quoting at 0.83415 in the first part of the Asian session. The loonie rose after a sharp gap down on opening, retrieving significant ground on New York's Friday close, back up to the psychological parity line.

Read More

2012-02-27 07:45 GMT

France Producer Prices (MoM) (Jan)

2012-02-27 9:00 GMT

Italy Business Confidence (Feb)

2012-02-27 9:00 GMT

European Monetary Union M3 Money Supply (YoY) (Jan)

2012-02-27 9:00 GMT

European Monetary Union M3 Money Supply (3m) (Jan)

2012-02-27 05:56 GMT

EUR/USD holds above 1.3440 in Asia-Pacific

2012-02-27 04:29 GMT

GBP/USD range bound between 1.5860/1.5900

2012-02-27 03:59 GMT

EUR/JPY finds ground at 109.00 in Asia

2012-02-27 00:38 GMT

GBP/USD capped below 1.5900

AUDUSD
1.06709 / 722
NZDUSD
0.83428 / 445
USDCHF
0.89610 / 626
USDCAD
1.00143 / 155
GBPJPY
128.595 / 616
EURCHF
1.20445 / 468
GOLD
1773.65 / .05
SILVER
35.45 / .48
EURUSD 1.34401 / 1.34411
DAILY WEEKLY MONTHLY

1.3613

1.3586

1.3542

1.3486

1.3377

1.3293

1.3211

1.3139

SUMMARY

TREND

Up
trend

MA10

Bullish

MA20

Bearish

STOCHASTIC

Neutral

 

MARKET ANALYSIS - Intraday Analysis

EURUSD rise on Friday and penetrated successfully our first resistance giving us a profit of 51 pips!! We expect the price to continue its upward move as it is under bullish pressure, but before that we can expect for a correction downwards below 1.3377 (S1) and then to continue upwards. Look for long positions below 1.3377 (S1) with a stop loss at 1.3293 (S2) targeting 1.3486 (R1).

GBPUSD 1.58567 / 1.58584
DAILY WEEKLY MONTHLY

1.5998

1.5969

1.5934

1.5898

1.5813

1.5762

1.5700

1.5649

SUMMARY

TREND

Up
trend

MA10

Bullish

MA20

Bullish

STOCHASTIC

Oversold

 

MARKET ANALYSIS - Intraday Analysis

GBPUSD rise from 1.5700 (S3) and made a sharp move upwards successfully penetrating our first target ending our day with profits (+59 pips)!! After that the price formed a high at 1.5898 (R1) and fell. Now it seems that the pair is moving downwards for a correction towards 1.5813 (S1) and even to our second support at 1.5762 (S2). Look for short positions at current price targeting 1.5813 (S1) and 1.5762 (S2) with a stop loss above 1.5898 (R1).

USDJPY 81.090 / 81.099
DAILY WEEKLY MONTHLY

83.66

82.50

81.97

81.66

80.78

80.42

79.88

79.35

SUMMARY

TREND

Up
trend

MA10

Bullish

MA20

Bullish

STOCHASTIC

Neutral

 

MARKET ANALYSIS - Intraday Analysis

USDJPY formed a high at 81.66 (R1) profiting on all our targets recommended on Friday's analysis gaining a total of 107 pips!! After that the pair fell and it now seems that it is going to retest 80.78 (S1) soon. A break below that level will be suggesting target at 80.42 (S2) as we are in a correction phase of our uptrend. On the other hand if price manage to break above 81.66 (R1) we will then expect the price to reach 81.97 (R2) and then further rise will then approach towards 82.50(R3). Look for long positions above 80.42 (S2) with a stop loss below 79.88 (S3) targeting second resistance level 81.97 (R2).

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