Technical Analysis By Acfx - Acfx.com

[Guest bhinder]

USD/JPY The yen rose against most of its 16 major counterparts before a German report forecast to show a gauge of business confidence dropped for a fifth month, increasing the allure of the Japanese currency as a haven.

The Japanese currency climbed 0.3 percent to 77.09 per dollar

EUR/USD The dollar was 0.3 percent from a seven-week high against the euro before a German report that may show a gauge of business confidence dropped for a fifth month, increasing the allure of the U.S. currency as a haven.

The U.S. currency traded at $1.3363 per euro as of 10:16 a.m. in Tokyo from $1.3342 in New York yesterday when it reached $1.3320, the highest since Oct. 6.

[Guest bhinder]

EUR/USD The euro dropped to a seven-week low against the greenback as Italy prepares to sell bills today after the country’s two- year yield soared to a 14-year high yesterday.

The euro touched $1.3299, the lowest since Oct. 6, before trading at $1.3309 as of 6:34 a.m. in London, 0.3 percent lower than yesterday.

GBP/USD The pound fell to a seven-week low against the dollar after German Chancellor Angela Merkel said joint euro bonds would send a “wrong signal,” spurring demand for the relative safety of the U.S. currency.

The pound dropped 0.2 percent to $1.5501 at 4:58 p.m. London time, after sliding to $1.5485, the weakest since Oct. 7.

USD/JPY The dollar may strengthen more than 20 percent to as high as 94 yen should it climb above key resistance levels at 83.30 and 85.50, MIG Bank said, citing trading patterns.

The dollar traded at 77.11 yen at 4:52 p.m. London time, having declined 4.9 percent against Japan’s currency this year.

[Guest bhinder]

EUR/USD The Euro gapped up earlier today in Asian session opened at 1.3308, 70 pips higher from Friday’s close.

Gold gained more than 1 percent to above $1,700 an ounce on Monday as the euro rose on hopes Europe will take a bolder step to resolve a crippling debt crisis.

Oil climbed for a second day in New York on speculation that Europe’s steps to tame its debt crisis may sustain demand and sanctions against Syria will threaten Middle East stability.

Crude oil for January delivery advanced as much as $1.77 to $98.54 a barrel in electronic trading on the New York Mercantile and was at $98.21 at 3:20 p.m.

[Guest bhinder]

EUR/USD The dollar fell against 14 of its 16 major counterparts as advancing stocks damped demand for safer assets.

The U.S. currency dropped 0.2 percent to $1.3349 per euro as of 1:50 p.m. Tokyo time from the closing level in New York yesterday.

USD/JPY The yen fell against all its major peers as Asian stocks rallied a second day and on prospects Japanese policy makers will do more to stem currency gains..

The yen slid 0.3 percent to 78.19 per dollar as of 10:40 a.m. in Tokyo and reached 78.29, the weakest level since Nov. 2.

Oil pared its earlier decline in New York..

Crude for January delivery was at $98.13 a barrel, down 8 cents, in electronic trading on the New York Mercantile Exchange at 5:20 p.m. Sydney time, after earlier sliding as much as 1 percent.

[Guest bhinder]

EUR/USD The euro gained the most in a month against the dollar after the Federal Reserve and five other central banks acted to make more funds available to lenders as Europe’s debt crisis threatens global economic growth.

The euro strengthened 1 percent to $1.3446 at 5 p.m. in New York and reached $1.3533, the strongest level since Nov. 22.

USD/JPY The yen weakened against 14 of its 16 most-traded counterparts as Asian stocks extended a global equity rally, curbing demand for haven assets.

Yen was at 77.68 per dollar from 77.62.

USD/CAD The Canadian currency rose the most since May 2010 as central banks including the Bank of Canada reduced the cost of emergency dollar funding to ease Europe’s sovereign-debt crisis, buoying riskier assets.

The loonie appreciated 1.4 percent to C$1.0174 per U.S. dollar at 5 p.m. Toronto time.

[Guest bhinder]

EUR/USD The euro pared gains versus the dollar and yen as concern increased that European leaders will struggle to resolve the region’s debt crisis even after central banks moved to ease dollar borrowing for banks.

The euro appreciated 0.1 percent to $1.3461 at 5 p.m. in New York after surging as much as 1.6 percent yesterday, the most on an intraday basis since Oct. 27.

NZD/USD New Zealand dollar set for a weekly gain against most major peers before U.S. data forecast to show employers added workers at a faster pace, boosting demand for higher-yielding assets..

New Zealand’s dollar bought 78 U.S. cents from 77.94, rising 5.3 percent since Nov. 25.

AUD/USD Australia’s dollar fell from almost a two-week high versus its U.S. counterpart after government reports showed consumer spending slowed and building approvals dropped.

Australia’s dollar fell 0.7 percent to $1.0213 at 12:21 p.m. in New York

[Guest bhinder]

5/12/11 Market outlook

Important Financial Indicators of the day

Forecast Previous

GBP 09:30 (GMT) Services PMI 50.6% 51.3%

USD 15:00 (GMT) ISM Non-Manufacturing PMI 53.6 52.9

Currencies

• EUR/USD The euro gained against most major peers as Italy advanced a plan to cut its deficit before a European summit on the region’s sovereign-debt crisis.

o The euro rose 0.1 percent to $1.3404 at 2:05 p.m. in Tokyo from $1.3391 on Dec. 2, when it completed a 1.2 percent weekly advance.

• AUD/USD The Australian dollar erased gains against the U.S. currency

o The so-called Aussie traded at $1.0211 as of 3:40 p.m. in Sydney from $1.0215 last week.

• USD/CAD Canada’s dollar staged its biggest five-day rally since October after central banks including the Bank of Canada took steps this week to make it cheaper for lenders to borrow dollars during emergencies.

o The loonie, as the currency is also known for the image of the aquatic bird on the C$1 coin, gained 2.6 percent this week to C$1.0195 per U.S. dollar in Toronto.

Commodities

• Gold prices traded steady on Monday, after posting their sharpest weekly rise in more than a month, as the euro zone kicks off a week packed with meetings and decisions crucial to the solution to its debt crisis as well as the euro.

Spot gold was little changed at $1,747.29 an ounce by 0326 GMT, after rising nearly 4 per cent in the previous week.

• Oil rose for a second day in New York on concern that tension in the Middle East threatens supplies and speculation that Europe will take steps to tame a debt crisis that may curb economic growth.

o Crude for January delivery climbed as much as 77 cents, or 0.8 percent, to $101.73 a barrel in electronic trading on the New York.

Equities

• Swiss stocks (SMI) climbed, posting their biggest weekly rally since July 2009, after a U.S. report showed the unemployment rate in the world’s largest economy unexpectedly fell in November..

o The Swiss Market Index, a measure of the biggest and most actively traded companies, advanced 0.7 percent to 5,718.85 at the close in Zurich.

• European stocks posted their biggest weekly rally in three years as central banks moved to ease the region’s debt crisis and China increased cash supply for its banks to speed up growth in the world’s second-largest economy..

o The Stoxx Europe 600 Index jumped 8.7 percent to 240.73, its largest weekly advance since November 2008

• Asian stocks rose for a sixth day, the longest winning streak since Oct. 13, as Italy took steps to resolve its debt problems before European Union leaders meet this week to tackle the region’s crisis.

o The MSCI Asia Pacific Index rose 0.2 percent to 117.92 as of 2:40 p.m. in Tokyo with six of 10 industry groups on the index gaining.

o Japan’s Nikkei 225 Stock Average rose 0.5 percent.

[Guest bhinder]

December 8th, 2011

Important Financial Indicators of the day

Forecast Previous

GBP 12:00 (GMT) Official Bank Rate 0.50% 0.50%

EUR 12:45 (GMT) Minimum Bid Rate 1.00% 1.25%

CAD 13:15 (GMT) Housing Starts 0.3% 0.2%

EUR 13:30 (GMT) ECB Press Conference

USD 13:30 ( GMT) Unemployment Claims 397k 402k

Currencies

• EUR/USD The euro rose against the dollar, after erasing earlier losses, as optimism increased that European leaders will be able to agree on measures to help solve the region’s debt crisis.

o The euro rose 0.1 percent to $1.3412 at 5 p.m. in New York after falling as much as 0.4 percent.

• USD/JPY The yen and dollar rose against most major peers as Asian stocks declined amid signs of a slowdown in the region’s economies, boosting demand for refuge currencies.

o The pair was little changed yesterday at 77.65 per dollar.

• USD/CHF The Swiss franc weakened to within one centime of an eight-month low against the dollar after a lawmaker said a government panel is considering using negative interest rates to combat the currency’s appreciation.

o The franc was little changed at 92.49 per dollar at 4:01 p.m. London time after earlier depreciating to 92.88 centimes.

Commodities

• Gold declined after holdings in exchange-traded products fell from a record and the European Central Bank was seen cutting interest rates today ahead of a regional leaders’ summit intended to tackle the debt crisis.

o Immediate-delivery gold fell for the first day in three, losing as much as 0.3 percent to $1,736.43 an ounce and trading at $1,738.02 at 11:30 a.m. in Singapore..

• Oil traded near a one-week low after a gain in inventories indicated demand is recovering more slowly than projected in the U.S., the world’s biggest crude consumer.

o Crude for January delivery was at $100.61 a barrel, up 12 cents, in electronic trading on the New York Mercantile Exchange at 1:25 p.m. in Singapore. It fell 0.8 percent yesterday to $100.49, the lowest settlement since Dec. 1.

[Guest bhinder]

December 9th, 2011

Important Financial Indicators of the day

Forecast Previous

EUR ALL Day EU Economic Status

GBP 09:30 (GMT) PPI Input 0.3% -0.8%

USD 14:55 (GMT) Prelim UoM Consumer Sentiment 0.3% 0.2%

Currencies

• EUR/USD The euro traded 0.3 percent from a one-week low against the dollar after a summit of European Union leaders failed to forge a unanimous accord, damping prospects for a rapid resolution to the region’s debt crisis.

o Europe’s common currency fetched $1.3334 as of 2:18 p.m. in Tokyo from $1.3341 yesterday and has declined 0.4 percent since Dec. 2.

• AUD/USD Australian dollar rose to $1.0194 as of 1:31 p.m. Sydney time from $1.0167 yesterday in New York.

• NZD/USD New Zealand dollars fell to one-week lows on speculation a European summit will fail to push the region’s debt crisis toward a resolution, damping demand for higher-yielding assets.

o New Zealand’s currency retreated 0.6 percent to 76.81 U.S. cents, after sliding to as low as 76.60, also the weakest since Nov. 30.

Commodities

• Gold traders are more bullish as investors buy metal at the fastest pace in a year to protect their wealth from Europe’s escalating debt crisis.

o Bullion rose 20 percent to $1,712.70 an ounce this year on the Comex in New York, and reached a record $1,923.70 in September.

• Oil fell, heading for the biggest weekly decline since September, as investors speculated that fuel demand will falter as Europe’s leaders struggle to contain its sovereign debt crisis.

o Crude for January delivery dropped as much as 75 cents to $97.59 in electronic trading on the New York Mercantile Exchange and was at $98.01 at 1:35 p.m. Singapore time.

[Guest bhinder]

December 19th, 2011

Currencies EUR/USD The dollar rose against most major peers after North Korean state television said national leader Kim Jong Il died, spurring concern instability may increase in the region and boosting demand for the U.S. currency as a haven. The dollar strengthened 0.3 percent to $1.3011 per euro as of 6:45 a.m. in London from the close in New York on Dec. 16.

AUD/USD The Australian dollar fell against 15 of its 16 major counterparts before the Reserve Bank releases minutes tomorrow of its December meeting when it cut interest rates for the second-straight month. The Australian dollar fell 0.7 percent to 99.11 U.S. cents as of 4:03 p.m. in Sydney from 99.83 in New York on Dec. 16

Commodities Gold declined, extending the worst weekly loss since September, as concern that Europe’s sovereign- debt crisis may be worsening and the death of North Korean leader Kim Jong Il boosted the dollar. Spot gold fell as much as 1 percent to $1,583.57 an ounce, and traded at $1,589.13 by 2:11 p.m. in Singapore.

Oil dropped for a fourth day before Europe’s latest attempt to contain a sovereign debt crisis that threatens to slow economic growth and demand for fuel. Crude for January delivery fell as much as 87 cents to $92.67 a barrel in electronic trading on the New York Mercantile Exchange and was at $92.76 at 12:51 p.m. Singapore time.

[Guest bhinder]

Currencies

EUR/USD The dollar traded 0.8 percent from an 11-month high versus the euro before European Central Bank President Mario Draghi speaks today amid concern policy makers are struggling to contain the euro region’s debt crisis.

The U.S. currency traded at $1.3044 per euro as of 2:01 p.m. in Tokyo from $1.3047 in New York yesterday.

USD/CAD The Canadian dollar appreciated for a second day against its U.S. counterpart as crude oil advanced and the nation’s statistics agency reported retail sales growth that doubled economists’ predictions.

The loonie, as the currency is known for the image of the waterfowl on the dollar coin, appreciated 0.3 percent to C$1.0266 per U.S. dollar at 5 p.m. Toronto time.

AUD/USD The Australian dollar dropped, snapping a two-day advance, amid concern the European Central Bank’s measures to boost liquidity may not stem the region’s debt crisis.

Australia’s currency fell 0.3 percent to $1.0070.

Commodities

Gold declined as stronger-than- forecast demand for European Central Bank loans raised concern that the region’s debt crisis remains uncontained, boosting the dollar and damping demand for alternative assets.

Spot gold fell as much 0.8 percent to $1,602.95 an ounce, and traded at $1,606.75 at 2:37 p.m. in Singapore.

Oil traded near the highest in more than a week as the biggest drop in U.S. crude inventories in a decade countered concern that Europe’s debt crisis will worsen.

Crude for February delivery was at $98.92 a barrel, up 25 cents, in electronic trading on the New York Mercantile Exchange at 2:22 p.m. Sydney time.

[Guest bhinder]

December 23th, 2011

Currencies

EUR/USD The dollar was set to fall against most of its 16 major peers this week as Asian shares extended a global rally, damping demand for lower-yielding assets. The dollar dipped 0.3 percent to $1.3090 per euro as of 6:43 a.m. in London from the close in New York yesterday.

USD/CAD Canada’s dollar appreciated to the highest in almost two weeks on speculation the economy of the U.S., the nation’s biggest trading partner, is recovering. Canada’s currency, nicknamed the loonie, gained 0.6 percent to C$1.0203 per U.S. dollar at 5 p.m. in Toronto.

USD/JPY The yen fell against most of its major peers as stock markets climbed amid reduced demand for haven assets and signs the U.S. economy is strengthening. The yen weakened 0.1 percent to 78.17 dollars at 5 p.m. New York time.

Commodities Gold climbed and was set for the first weekly gain in three after better-than-expected U.S. economic data damped demand for the dollar as a haven investment. Spot gold snapped two days of losses to rise as much as 0.5 percent to $1,614.05 an ounce. It was at $1,611.45 at 12:48 p.m. in Singapore, up 0.8 percent this week.

Oil headed for its biggest weekly gain in almost two months in New York after U.S. economic reports indicated that growth in the world’s biggest crude consumer will accelerate. Crude for February delivery was at $99.87 a barrel, up 34 cents, in electronic trading on the New York Mercantile Exchange at 1:28 p.m. Singapore time.

[Guest bhinder]

December 28^th, 2011

Currencies EUR/USD The euro traded at almost its lowest level since January against the dollar as concern lingered that Europe’s debt crisis will slow regional economic growth.The euro was little changed at $1.3071 at 5 p.m. in New York.

USD/JPY The yen advanced against 13 of its 16 major counterparts as concern that Europe’s debt crisis will push up the region’s borrowing costs and damp economic growth supported investor appetite for safer assets.

It rose 0.1 percent to 77.81 per dollar from 77.88. The Japanese currency has gained 4.3 percent against the dollar this year and 6.8 percent against the yen.

Commodities Oil traded near the highest level in six weeks after Iran threatened to block crude transportation through the Strait of Hormuz, increasing concern that global supplies will be curbed amid shrinking U.S. stockpiles.

[Guest bhinder]

December 29^th, 2011

Currencies EUR/USD The euro dropped against most major peers after the ECB said yesterday its balance sheet soared to a record after last week’s lending to banks in the region. The shared currency bought $1.2929 from $1.2941, after falling to as low as $1.2888, the weakest since Jan. 10.

USD/CAD The Canadian dollar fell as stocks dropped after the European Central Bank’s balance sheet soared to a record on lending to the region’s banks, adding to concern fiscal turmoil will slow growth. The Canadian currency, nicknamed the loonie for the image of the aquatic bird on the C$1 coin, dropped 0.6 percent to C$1.0244 per U.S. dollar at 5 p.m. Toronto time.

AUD/USD The Australian dollar traded 0.1 percent from a one-week low against the greenback as concern increased that Europe’s debt crisis may deepen, damping demand for higher-yielding assets. The Australian dollar traded at $1.0086 at 10:40 a.m. in Sydney from $1.0094 yesterday in New York, when it touched $1.0071, the lowest since Dec. 22

Commodities Oil declined for the first time in seven days as a surge in the European Central Bank’s balance sheet to a record highlighted the growing risks of the region’s debt crisis and threatening fuel demand. Crude oil for February delivery fell $1.98 to $99.36 a barrel on the New York Mercantile Exchange.

Gold fell, capping the longest slump since October 2009, and silver tumbled to a three-month low as Europe’s deepening debt crisis drove commodities and stocks lower Gold futures for February delivery declined 2 percent to settle at $1,564.10 at 1:47 p.m. on the Comex in New York. The price dropped for the fifth straight session, the longest slide since October 2009.

[Guest bhinder]

Currencies EUR/USD The dollar fell against 15 of its 16 most-traded counterparts as signs that manufacturing is expanding in the world’s two largest economies weighed on demand for haven assets. The dollar fell 0.4 percent to $1.2986 per euro as of 6:50 a.m. in London from yesterday.

GBP/USD went basically unchanged for the Monday session as traders went back and forth in a 100 pip range.

Commodities

Oil climbed in New York after manufacturing activity expanded in China and India and investors bet that further sanctions against Iran will curb supply. Crude for February delivery advanced as much as $1.87 to $100.70 a barrel in electronic trading on the New York Mercantile Exchange and was at $100.67 at 2:09 p.m. Singapore time.

Gold rallied more than 1 percent and silver jumped over 2 percent on Tuesday as investors returned in the new year with a renewed appetite for riskier assets such as commodities. Spot gold rose as much as 1.4 percent to $1,586.95 an ounce and eased slightly to $1,585.79 by 0514 GMT, rebounding from a 10-percent loss in December.

[Guest bhinder]

January 4^th, 2012 Currencies EUR/USD The greenback yesterday slid versus all of its most-traded peers as reports this week showed manufacturing in the U.S. and China improved in December. The dollar traded at $1.3041 per euro at 6:45 a.m. in London after dropping 0.9 percent to $1.3050 yesterday.

GBP/USD Sterling rose versus the dollar on Tuesday as better than expected global economic data supported riskier currencies. Sterling was up 0.9 percent versus the dollar at $1.5653.It extended gains after reported stop-loss orders were triggered on the break above $1.5600.

The AUD/USD pair continued its upside movements to reach its highest level in more than three weeks, as the weak US dollar helped the Aussie to cover all of its previous losses. The better than expected PMI numbers about the Australian economy helped the Aussie to take the lead against the dollar

Commodities Oil traded near the highest price in almost eight months as investors speculated that tension over Iran, shrinking U.S. crude stockpiles and signs of economic recovery will tighten supplies. Crude for February delivery yesterday gained $4.13 to $102.96, the highest close since May 10. Prices climbed 8.2 percent in 2011, the third annual increase.

Spot gold lost half a percent on Wednesday, shedding the previous session's strong gains on encouraging economic data from the United States and Europe, although the fall may be capped by rising concerns on Iran.

[Guest bhinder]

January 5^th, 2012 Currencies EUR/USD The pair ended a strongly bearish session yesterday after Germany sold 4.06 billion of euros of 10-year bonds below the targeted quantity of 5 billion of euros, which revived debt concerns and led the sentiment to deteriorate, The common currency slid 0.2 percent to $1.2921

GBP/USD On Wednesday, the pair fell after three consecutive sessions of rise as concerns from the euro area enhanced demand on the dollar as a refuge.The pair dropped to as low to 1.5579 despite the improvement in U.K. data.

USD/JPY The pair dropped to as low as 76.60 for the fifth consecutive day reaching its lowest level in seven weeks, as the US dollar continued its downside movements against most of its major counterparts.

Commodities Oil traded near the highest price in almost eight months in New York as speculation that sanctions against Iran will curb crude supplies countered concern that Europe’s debt crisis will worsen and slow demand. Crude for February delivery was at $103.28 a barrel, up 6 cents, in electronic trading on the New York Mercantile Exchange at 1:59 p.m. in Singapore.

Gold prices inclined though the U.S dollar strengthened with concerns bouncing back to market at yesterday early morning and positive economic data that was released from Euro Zone.The $1,550 has held yesterday as good support level.

[Guest bhinder]

January 9^th, 2012

Currencies EUR/USD The euro (EUR) touched an 11-year low against the yen and traded 0.3 percent from the least in nearly 16 months versus the dollar before the German and French leaders meet amid signs the region’s sovereign-debt crisis is damping growth prospect The shared currency declined 0.1 percent to $1.2704 and earlier reached $1.2666, its weakest level since September 2010.

GBP/USD Last week, the pair continued its fall for the second week as the dollar took advantage of the safety demand amid the undergoing concerns from the euro area. On Monday, Both economies lack economic fundamentals which propose that there would be calm trading on the pair which is predicted to follow the general trend in market.

USD/JPY The USD/JPY pair fluctuated last week after it recorded its lowest level in two months, as both of the yen and the greenback recorded gains against other majors The USD/JPY pair‘s movements will depend on the next move from the BOJ, or the dollar performance against other majors in case the BOJ kept its monetary policy unchanged.

[Guest bhinder]

January 12^th, 2012 Currencies EUR/USD The 17-nation currency held a drop from yesterday versus the yen before figures estimated to show European output shrank in November.

The euro traded at $1.2712 as of 6:40 a.m. in London from $1.2707 yesterday in New York, when it slid to as low as $1.2662.

NZD/USD New Zealand’s dollar touched a two- month high against the greenback as a report showed China’s inflation cooled for the fifth straight month in December, increasing speculation the Asian nation will provide more monetary stimulus.

New Zealand’s currency gained to 79.81 U.S. cents, the highest since Nov. 9, before trading at 79.55 at 4:09 p.m. in Sydney, 0.2 percent below yesterday’s close in New York.

Commodities Oil rose from the lowest settlement in almost two weeks in New York on concern that a strike in Nigeria and the threat of sanctions against Iran’s nuclear program will curb crude supplies.

Crude for February delivery gained as much as 62 cents to $101.49 a barrel in electronic trading on the New York Mercantile Exchange.

Gold prices edged higher on Thursday on concerns about the euro zone debt crisis ahead of Spain's bond auction and a European Central Bank meeting, as robust buying from China and India also supported sentiment.

Spot gold inched up 0.2 percent to $1,644.69 an ounce by 0704 GMT, holding steady above the key 200-day moving average at about $1,636.

[Guest bhinder]

January 16^th, 2012 Currencies EUR/USD Last week on Friday the Euro sharply fell against its majors after the announcement surprised the market with the S&P downgrading France top credit rating by 1 notch to AA+.

The euro fell 0.3 percent to $1.2646 at 6:46 a.m. in London from the close in New York on Jan. 13 when it touched $1.2624, the least since Aug. 25, 2010.

GBP/USD The market was hit hard on Friday and sterling extended the weekly losses on news that S&P downgraded France and likely Austria while Germany was safe, all reports were not confirmed with the end of the European session on Friday.

The Pound fell against the US dollar to as low as 1.5234 closing the trading week at 1.5317

Commodities Oil traded near the lowest price in almost four weeks as speculation that measures to quell Europe’s debt crisis are failing offset Iran’s call for support to defy a ban on its crude exports.

Crude for February delivery was at $98.92 a barrel, up 22 cents, in electronic trading on the New York Mercantile Exchange at 4:20 p.m. Sydney time.

Gold posted its biggest one-day drop in 2-1/2 weeks on Friday, as France and Austria were stripped of their coveted triple-A ratings amid the downgrades of nine euro zone nations, and Greece's talks with creditor banks stalled.