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MARKET UPDATE 30.01.2012

2012-01-30 07:00 GMT

Be mindful of SNB moves on the Swiss franc this coming week

The euro traded at $1.3213 as of 8:40 a.m. in Tokyo from $1.3220 on Jan. 27 in New York. It strengthened 2.2 percent against the dollar last week. It reached a low of circa 13190.5 in early trading. The common currency was little changed at 101.130 yen, following a 0.1 percent drop on Jan. 27. The dollar fetched 76.74 yen from 76.70. EUR/CHF is now quoted around its session high of 1.2065, up from an earlier low of 1.2058 and up 0.05% so far on the day. GBP/USD has traded in a tight range of 1.5710-35 in Asia, last at circa 1.5720, down approx. 0.08% so far today.

AUD/USD is virtually unchanged in early Asia-Pacific trade, holding slightly below the multi-month high of 1.0685, the pair is last quoted at 1.0610 after opening below past Friday’s closing price of 1.0637.

Read More

2012-01-30 All day

European Monetary Union EU Economic Summit

2012-01-30

Germany Consumer Price Index (YoY) (Jan) Preliminar

2012-01-30

Germany Consumer Price Index (MoM) (Jan) Preliminar

2012-01-30 08:00 GMT

Spain Gross Domestic Product (QoQ) (Q4)

2012-01-30 05:54 GMT

EUR/JPY dips to 101.00

2012-01-30 05:32 GMT

EUR/USD below 1.3200 in Asia

2012-01-30 01:39 GMT

Aussie struggling to hold above 1.0600 in Asia-Pacific

2012-01-30 00:49 GMT

USD/JPY recovering from oversold levels

AUDUSD
1.05587 / 592
-0.0098 -0.92%
NZDUSD
0.81882 / 898
-0.0057 -0.69%
USDCHF
0.91682 / 691
0.0048 0.53%
USDCAD
1.00554 / 564
0.0038 0.38%
GBPJPY
120.256 / 275
-0.337 -0.28%
EURCHF
1.20606 / 623
0.0005 0.04%
GOLD
1729.80 / .16
-8.12 -0.47%
SILVER
33.37 / .39
-0.53 -1.56%
EURUSD 1.31553 / 1.31557
DAILY WEEKLY MONTHLY
High: 1.32241 | Low: 1.31456 | Chg: -0.0063 -0.47%

1.3388

1.3311

1.3268

1.3223

1.3093

1.3050

1.2952

1.2877

SUMMARY

up

TREND

up
trend

MA10

bearish

MA20

Bearish

STOCHASTIC

oversold

 

MARKET ANALYSIS - Intraday Analysis

The EURUSD continued to rise from 1.3093 (S1) and reached a high this morning at 1.3223 (R1). Following that we can see now that the price is heading for a correction towards the second support level at 1.3050 (S2). A break below that level will be suggesting target at 1.2952(S3). On the other hand, If the price will have enough momentum we can expect a rise and retest towards 1.3223 (R1) and break above that level will be suggesting target at 1.3268 (R2).

GBPUSD 1.56839 / 1.56850
DAILY WEEKLY MONTHLY
High: 1.57309 | Low: 1.56781 | Chg: -0.0042 -0.27%

1.5894

1.5861

1.5775

1.5741

1.5621

1.5552

1.5515

1.5449

SUMMARY

up

TREND

up
trend

MA10

bearish

MA20

Bearish

STOCHASTIC

oversold

 

MARKET ANALYSIS - Intraday Analysis

GBPUSD broke above 1.5621 (S1) level and formed a top at 1.5741 (R1). It now seems to be heading towards the first support level 1.5621 for a retest. A break below that level would suggest a target of 1.5552 (S2) and a further decline will then focus on the next target at 1.5515 (S3). On the upside, if the price rebounds from the first support level we can expect retesting of 1.5741 (R1), a technical and psychological level. A further rise will then bring focus to the next resistance level at 1.5775 (R2). Look for short positions with a stop loss above 1.5741 (R1) as we expect the pair to move downwards.

USDJPY 76.675 / 76.681
DAILY WEEKLY MONTHLY
High: 76.775 | Low: 76.652 | Chg: -0.026 -0.03%

79.86

78.75

78.28

77.28

76.53

76.06

75.54

75.04

SUMMARY

Down

TREND

down
trend

MA10

bearish

MA20

Bearish

STOCHASTIC

neutral

 

MARKET ANALYSIS - Intraday Analysis

USDJPY fell sharply and formed a strong support level close to 76.53 (S1) .A break below that level we suggest further decline towards 76.06 (S2). On the other hand if the price manages to stay above our first support level of 76.53(S1) then the expected target is at 77.28 (R1). Our recommendation for today is long positions with a stop loss below 76.53 (S1)- (-35 pips).

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