MARKET OVERVIEW
?
2013-01-08 03:00 GMT
Japan to buy ESM bonds to stabilize the yen
The big story in the Asian session is the announcement by Japan of its commitment to purchase ESM bonds to help stabilize Europe, Japan Finance Minister Taro Aso told reporters. The decision-maker added that Japan will buy European ESM bonds using FX reserves, although amount of bond buys is undecided at this point, he said. In another Reuters headline, Mr. Aso said the buys will start as soon as today. Meanwhile, the Economic Revival Minister Amari said that upcoming BoJ stimulus will be ?significant?.
Meanwhile,after months of uncertainty and struggle to reach a compromise in Congress, lawmakers finally voted on a deal to avoid falling completely off of the fiscal cliff. The agreement, voted on early New Year?s Day by the Senate, was finally passed by the House late at night, just days before the new Congress is sworn in. Tax reform dominated much of the heated debate in recent weeks, but the Democrats and Republicans finally reached an agreement in order to avoid a significant impact on economic activity, at least in the short-term. -FXstreet.com
Forex Economic Calendar
2013-01-08 07:00 GMT | Germany. Trade Balance s.a. (Nov)
2013-01-08 10:00 GMT | E.M.U. Retail Sales (YoY) (Nov)
2013-01-08 11:00 GMT | Germany. Factory Orders n.s.a. (YoY) (Nov)
2013-01-08 20:00 GMT | United States. Consumer Credit Change (Nov)
Forex News
2013-01-08 05:59 GMT | GBP/USD moving sideways above 1.6100
2013-01-08 05:18 GMT | EUR/USD likely to remain on the defensive ahead of ECB
2013-01-08 04:41 GMT | AUD/USD at session lows below 1.0480
2013-01-08 04:21 GMT | EUR/AUD printing fresh weekly highs above 1.2500
| AUDUSD | NZDUSD | USDCHF | USDCAD | GBPJPY | EURCHF | GOLD | SILVER |
|---|---|---|---|---|---|---|---|
| 1.04816/824 | 0.83595/610 | 0.92093/109 | 0.98696/708 | 140.935/950 | 1.20889/903 | 1649.24/.52 | 30.17/.20 |
?
TECHNICAL ANALYSIS
EURUSD
HIGH: 1.31397 | LOW: 1.31035 | BID: 1.31231 | ASK: 1.31234 | CHANGE: 0.05% | TIME: 08:20:35
OUTLOOK SUMMARY: Up
TREND CONDITION: Upward penetration
TRADERS SENTIMENT: Bearish
IMPLIED VOLATILITY: Medium
MARKET ANALYSIS ? Intraday Analysis
Upwards scenario: Currently our next resistance level lie at fresh high formed today ? 1.3139 (R1). Rise above it might provide sufficient space for the appreciation towards to next target at 1.3156 (R2). Final resistance for today could be found at 1.3171 (R3). Downwards scenario: Medium-term bias remains negative. Successful retest of our support at 1.3102 (S1) would suggest next targets at 1.3085 (S2) and 1.3069 (S3) in potential.
Resistance Levels: 1.3139, 1.3156, 1.3171
Support Levels: 1.3102, 1.3085, 1.3069
GBPUSD
HIGH: 1.61286 | LOW: 1.61014 | BID: 1.61026 | ASK: 1.61036 | CHANGE: -0.07% | TIME: 08:20:36
OUTLOOK SUMMARY: Up
TREND CONDITION: Upward penetration
TRADERS SENTIMENT: Bullish
IMPLIED VOLATILITY: Medium
Upwards scenario: Both moving averages support current retracement formation from its initial downtrend. Positive market sentiment might be found above the key resistance level at 1.6130 (R1). Above here is possible appreciation towards to our resistance levels at 1.6148 (R2) and 1.6166 (R3). Downwards scenario: Next support level is seen at 1.6093 (S1), drop below it would suggest next target at 1.6076 (S2) and any further fall would then be targeting 1.6058 (S3).
Resistance Levels: 1.6130, 1.6148, 1.6166
Support Levels: 1.6093, 1.6076, 1.6058
USDJPY
HIGH: 87.807 | LOW: 87.234 | BID: 87.416 | ASK: 87.421 | CHANGE: -0.42% | TIME: 08:20:37
OUTLOOK SUMMARY: Down
TREND CONDITION: Downward penetration
TRADERS SENTIMENT: Bullish
IMPLIED VOLATILITY: Medium
Upwards scenario: Next resistance level locates above the local peak at 87.81 (R1). Break here is required to enable next target at 87.95 (R2) and any further rise would then be limited to 88.09 (R3). Downwards scenario: Our initial support level lie at 87.40 (S1). Loss here would enable bearish forces and might expose lower targets at 87.26 (S2) and 87.12 (S3) during the day.
Resistance Levels: 87.81, 87.95, 88.09
Support Levels: 87.40, 87.26, 87.12
Prepared/Published By FXCC Forex Trading Blog.
We Recommend
Forex Technical & Market Analysis: December 18 2012
MARKET OVERVIEW 2012-12-17 16:40 GMT Fiscal Cliff Talks Thaw It seems that Republican stances are softening as the clock ticks down to the New Year, and the US approaches the activation o...Forex Technical & Market Analysis: January 01 2013
MARKET OVERVIEW ? 2013-01-02 04:07 GMT US House passes fiscal cliff bill After weeks of talks and negotiations, the House of Representatives has finally passed the fiscal cliff bill...Forex Technical & Market Analysis: December 24 2012
MARKET OVERVIEW ? 2012-12-24 07:15 GMT Boehner's 'Plan B' bill vote canceled News has hit the newswires that there will be no vote on ?Plan B? this evening due to lack of Republican...Forex Technical & Market Analysis: December 30 2012
MARKET OVERVIEW ? 2012-12-27 14:17 GMT Fiscal cliff looms as US lawmakers play game of brinkmanship The "fiscal cliff" steadfastly approaches and it is a fair assumption that no one...Forex Technical & Market Analysis: January 03 2013
MARKET OVERVIEW ? 2013-01-03 05:55 GMT Congress Passes Fiscal Cliff Deal ? The Breakdown In a final hour maneuver, Congressional leaders brokered a deal that will allow the US econo...Forex Technical & Market Analysis: December 27 2012
MARKET OVERVIEW ? 2012-12-24 09:54 GMT Fiscal Cliff talks remain deadlocked Negotiations between the Democrats and Republicans on deficit-cutting measures aimed at avoiding the so-c...Forex Technical & Market Analysis: December 17 2012
MARKET OVERVIEW 2012-12-14 07:00 GMT U.S. Fiscal Cliff: Republican leadership softens stance on tax rates The Fiscal Cliff negotiations are showing signs of progress after the weekend bro...Forex Technical & Market Analysis: January 04 2013
MARKET OVERVIEW ? 2013-01-04 05:03 GMT Two largest rating agencies consider US fiscal cliff deal insufficient Moody's and Standard and Poor's credit rating agencies urged US lawmake...Forex Technical & Market Analysis: December 31 2012
MARKET OVERVIEW ? 2012-12-31 07:14 GMT Time running short for 'fiscal cliff' deal Well, it looks like negotiations on Capitol Hill are still ongoing and far apart to avoid January?s...Forex Technical & Market Analysis: December 03 2012
2012-12-02 23:07 GMT Merkel no longer discards losses on Greek debt Weekend headlines suggest German Chancellor Angela Merkel may be re-thinking its stance over future Greece's debt haircuts, afte...The Super Committee Isn?t Too Super Is It?
"Failure among the super committee to reach an agreement could send the S&P 500 down 9.5 percent from last week?s closing level to 1,100, The failure would reflect poorly on Congress. It would sho...Forex Technical & Market Analysis: January 07 2013
MARKET OVERVIEW ? 2013-01-07 06:06 GMT ECB, BOE in Prime Focus this Week With the Fiscal Cliff behind us and the impending debt ceiling debate at least another month away, market fo...Forex Technical & Market Analysis: December 05 2012
2012-12-04 14:08 GMT No breakthrough on banking union due to Franco-German dispute A clash between France and Germany over banking supervision in the Eurozone prevented the Eurogroup from reaching...Forex Technical & Market Analysis: December 13 2012
MARKET OVERVIEW 2012-12-13 07:15 GMT Deal on ECB to oversight top EZ banks by end 2013 After the agreement among EU finance ministers to allow the ECB to supervise banks in the Euro-zone,...GBP/USD Trades Stronger on Bailout Program Approval, Moody Downgrade Threat
The UK pound continued to trade stronger against the US dollar on the back of positive forex news paving the way for the implementation of the eurozone?s bailout program. The GBP/USD currency pair rea...Forex Technical & Market Analysis: December 16 2012
MARKET OVERVIEW 2012-12-14 07:00 GMT Leaders debate EMU consolidation after bank supervision deal In order to achieve the completion of EMU, the 27-countries bloc made further progress on t...Forex Technical & Market Analysis: December 20 2012
MARKET OVERVIEW 2012-12-19 16:06 GMT All Eyes On Bank of Japan Following Abe Win Now that the Japanese lower house elections are over, trader focus is being placed on the Bank of Japan?s ...Forex Technical & Market Analysis: December 11 2012
2012-12-11 07:10 GMT Silvio Berlusconi Makes Trouble For EURUSD Bulls Although the single currency is higher on the day, it?s abundantly clear that the recent resignation by Italian Prime Minister...Forex Technical & Market Analysis: December 10 2012
2012-12-10 07:14 GMT Italian PM Monti announces intention to resign; early elections likely in February The political news coming from Italy, in which current primer minister Mario Monti plans to ...Taking Stock of Bernanke?s QE3
The forex market has been a-buzz since Federal Reserve Chairman Ben Bernanke announced the new round of quantitative easing known as QE3 last week. It was a much anticipated announcement which came wi...
BCS Rankings 2012 the walking dead the walking dead Walking Dead Season 3 vampire diaries derek jeter Red Bull Stratos
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.