Thread: ACFX.COM(Market outlook&Technical Analysis)

February 8th, 2012
Important Financial Indicators of the Day Forecast Previous
NZD (GMT) Employment change q/q 0.4% 0.2%
NZD (GMT) Unemployment Rate 6.5% 6.6
Currencies EUR/USD The euro hit an eight-week high against the dollar on Tuesday, helping lift stocks and commodities on signs a Greek bailout agreement was near, but the rally paused after a key meeting on Greece was postponed by a day
The euro at one point jumped more than 1 percent to a session high of $1.3270, hitting its highest level since December 12. After paring some gains, the euro traded near session highs, up 1 percent on the day.
USD/JPY The yen weakened versus all of its major peers as gains in Asian shares damped demand for haven currencies and data showed that Japan’s current-account surplus slid to a 15-year low in 2011.
The yen fell 0.5 percent to 77.14 per dollar as of 6:11 a.m. in Tokyo. It dropped 0.6 percent to 102.35 per euro, the weakest level since Dec. 22. Europe’s 17-nation currency gained 0.1 percent to $1.3271 after reaching $1.3276, the most since Dec. 12.
AUD/USD Aussie gained against the majority of its 16 major counterparts after the central bank maintained the benchmark interest rate at 4.25 percent. Predictions were expecting a cut of 4 percent.
The Australian dollar advanced 0.8 percent to $1.0809 after rising to $1.0823, the strongest since Aug. 2.
Commodities Oil Gains a Second Day on demand outlook as API says U.S. Stockpiles Drop. Oil Rose for a second day in NY after an industry report showed stockpiles shrank in the U>S>, the world's bigger crude consumer.
Oil for March delivery advanced 82 cents to $99.23 a barrel in electronic trading on the New York Mercantile Exchange and traded at $99.22 at 5:27 p.m. in Sydney. The contract yesterday increased $1.50 to $98.41, the highest settlement since Jan. 31. Prices are 14 percent higher than a year ago.
Gold is trading at 1748.40 ending an up and down session. Earlier in the day gold began falling hitting the low of 1712.65. As news of a possible deal was reported in Greece the USD began to plummet and Gold did as it should do, it rose. As the dollar came down gold turned around and went up 1.4%.
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February 9th, 2012
Currencies EUR/USD The euro rose toward a two-month high after a Greek government official signaled confidence that finance ministers in the currency bloc will approve a second financing accord for the debt-strapped nation.The euro rose 0.2 percent to $1.3281 as of 2:39 p.m. in Tokyo from the close in NYMEX yesterday, where it reached $1.3289, the highest since Dec. 12
USD/JPY pair is trading at 77.18, with the USD trading 0.15% higher from yesterday’s close, as yen came under pressure after core machinery orders in Japan fell 7.1% in December. Separately, the M3 money supply in Japan climbed 2.6% in January. Yen declined after the Japanese Economic Watchers’ survey results showed that the Current Conditions Index declined to 44.1 in January, compared to 47.0 in December. Meanwhile, the Outlook Index edged up to 47.1, from 44.4 in December.
AUD/USD Aussie in the Asian session, at GMT 04:00, the pair is trading at 1.0777, with the AUD trading marginally higher from yesterday’s close, after the National Australia Bank (NAB) business survey indicated that business conditions improved in the December quarter, following a moderation in the June quarter Gains were limited, as China’s annual inflation rate came in higher-than-expected,climbing 4.5% in January, well above market expectations for a 4.0% rise.The pair is expected to find support at 1.0729, and a fall through could take it to the next support level of 1.0682. The pair is expected to find its first resistance at 1.0834, and a rise through could take it to the next resistance level of 1.0892.
Commodities Oil climbed for a third day in New York as a U.S. government report showed refineries processed more crude last week and Greece moved closer to securing a second bailout.Crude for March delivery rose as much as 43 cents to $99.14 a barrel in electronic trading on the New York Mercantile Exchange. The contract was at $99.11 at 2:15 p.m. Singapore time. It increased 0.3 percent yesterday to $98.71, the highest since Jan. 30. Prices are 14 percent higher the past year.
Gold held steady above $1,730 an ounce on Thursday, after dropping about a percent in the previous session, as a surprisingly high China inflation number supported prices, while investors also focused on Greece's debt talks for direction Gold came under pressure as the euro softened after Greek political leaders failed to conclude a deal for a bailout package crucial to avoiding a messy debt default, but the higher-than-expected inflation data out of China helped bullion pare early losses.
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February 10th, 2012
Important Financial Indicators of the dayForecast Previous
GBP 09:30 (GMT) PPI Input 0.4% -0.6%
CAD 13:30 (GMT) Trade Balance 0.7B 1.1B
USD 13:30 (GMT) Official Bank Rate -48.1B 1.1B
USD 17:30 (GM) Fed Chairman Bernanke speaks
Currencies EUR/USD The dollar advanced versus most of its major counterparts as Asian stocks fell and European finance ministers withheld an aid package for Greece.
The dollar rose 0.2 percent to $1.3255 per euro as of 6:30 a.m. in London
AUDUSD Australia’s dollar fell from near a six-month high after the Reserve Bank lowered its forecasts for growth and inflation this year, boosting scope for policy makers to reduce interest rates.
Australia’s dollar slid 0.7 percent to $1.0714 at 4:13 p.m. in Sydney, after reaching $1.0845 on Feb. 8, the most since Aug. 2
Commodities Oil fell from the highest in three weeks, trimming a weekly gain, as concern that Europe’s debt crisis will worsen and curb global commodity demand.
Oil for March delivery fell as much as 46 cents to $99.38 a barrel in electronic trading on the New York Mercantile Exchange and was at $99.57 at 5 p.m. Sydney time
Gold hovered unchanged at around $1,730 an ounce on Friday in cautious trade as euro zone finance ministers held off on approving a bailout package for Greece even after it said it had clinched a deal on economic reforms.
Gold Price was little changed at $1,732.34 an ounce by 0315 GMT, after two straight days of losses.
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February 13th, 2012
Currencies EUR/USD The EUR/USD pair fell on Friday as the market continues to be driven by headlines out of Athens. The pair is gaining strength this morning as Greece’s parliament approved austerity measures to secure an international bailout.
EURJPY The yen declined against the euro and other major peers after Greek Prime Minister Lucas Papademos won approval from parliament for austerity measures to secure a second package of aid.
The yen declined 0.4 percent to 102.87 per euro as of 6:39 a.m. in London from last week in New York.
Commodities Oil advanced from a three-day low after Greece’s parliament approved austerity measures to secure an international bailout, easing concern that Europe’s debt crisis will worsen and curb demand for commodities.
Oil for March delivery climbed as much as $1.01 to $99.68 a barrel on the New York Mercantile Exchange.
Gold strengthened on Monday in line with gains in shares and the euro after Greece's parliament finally approved a deeply unpopular austerity bill to secure a second bailout.
Physical buying from China also helped lift gold up $US6.10 an ounce to $US1725.49 in Asian afternoon trade.
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February 14th, 2012
Currencies EUR/USD The dollar gained versus all its major counterparts after Moody’s Investors Service cut ratings on European nations including Italy, Spain and Portugal, boosting demand for safer assets.
The dollar rose 0.2 percent to $1.3165 per euro as of 2:24 p.m. in Tokyo
USD/JPY The yen fall after the Bank of Japan said it expanded its asset-purchase fund to ensure a recovery.
The yen dropped as much as 0.2 percent to 77.76 per dollar, before trading at 77.68 at 12:48 p.m. Tokyo time from 77.57 yesterday.
Commodities Oil fell from the highest price in almost five weeks on speculation that U.S. crude supplies are rising and demand for fuel may falter as Europe grapples with lower credit ratings.
Oil for March delivery slid as much as 54 cents to $100.37 a barrel in electronic trading on the New York Mercantile Exchange. It was at $100.62 at 1:57 p.m. Singapore time.
Gold prices fell in Asian trading Tuesday as the euro lost ground against the dollar amid resurfacing investor jitters about the euro-zone debt crisis.
Spot gold was trading at $1,717 a troy ounce at 0505 GMT, down $4.90 from its previous settlement.
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February 17th, 2012
Currencies EUR/USD The euro may fall toward its lowest level in more than two years against the dollar after dropping below a key support level, Bank of America Corp. said, citing trading patterns.
The euro traded at $1.3134 as of 9:42 a.m. in Tokyo from $1.3130 in New York yesterday, when it fell to as low as $1.2974, the weakest since Jan. 25.
USD/JPY The yen dropped against all its major peers, reaching the weakest in more than three months against the dollar, as gains in Asian stocks and signs of growth in the U.S. economy damped demand for haven assets.
Japan’s currency slid 0.2 percent to 79.07 yen per dollar as of 2:21 p.m. in Tokyo..
Commodities Oil traded near the highest price in six weeks as signs of an improving U.S. economy and progress on a bailout for Greece bolstered the outlook for fuel demand.
Crude for March delivery was at $102.46 a barrel, up 15 cents, on the New York Mercantile Exchange at 12:55 p.m. Singapore time. Prices yesterday rose 51 cents, or 0.5 percent, to $102.31, the highest close since Jan. 4.
Gold headed for the first weekly advance this month as optimism that Greece may receive a second bailout and avert default hurt the dollar, boosting demand for the precious metal as an alternative asset.
Spot gold gained 0.2 percent to $1,731.57 an ounce at 12:04 p.m. in Singapore, and is set to advance 0.6 percent this week.
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February 20th, 2012
Currencies EUR/USD rose during the session on Friday as the market tried to rally on all things risky. However, there is a massively important meeting in Europe Today that will decide whether or not the Greeks get their bailout.
The 1.30 level below extends support down to the 1.29 mark, and that will have to be overcome for any down move to pick up a momentum.
USD/JPY The yen and dollar dropped against most major peers as Asian shares climbed on Chinese measures to sustain economic growth, curbing demand for refuge assets.
The yen fell 0.5 percent to 105.09 per euro at 6:47 a.m. in London after touching 105.75, the weakest since Nov. 14.
Commodities Oil rose to a nine-month high in New York after Iran said it halted some crude exports and investors bet that fuel demand will increase as Europe moves closer to bailing out Greece.
Crude for March delivery rose as much as $1.97 to $105.21 a barrel in electronic trading on the New York Mercantile Exchange, the highest intraday price since May 5.
The optimism on a deal later in the day between Greece and euro zone on the second bailout for Greece sent equities and the euro up, helping support gold
Spot gold rose 0.6 percent to $1,733.96 an ounce by 0406 GMT, on course for its biggest daily rise in two weeks.
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February 21th, 2012
Currencies EUR/USD The 17-nation euro advanced to the strongest level in more than a week versus the U.S. currency as Luxembourg’s Jean-Claude Juncker told reporters the deal includes a 53.5 percent writedown for investors in Greek bonds.
Europe’s common currency rose 0.1 percent to $1.3254 and earlier reached $1.3293, the strongest level since Feb. 9.
EUR/JPY The Canadian dollar fell for the first day this week versus its U.S. counterpart as bets that an aid package for Greece may be delayed until after it holds elections this year damped appetite for riskier assets.
The euro touched 105.97 yen, the most since Nov. 14, before trading 0.2 percent higher at 105.62 yen as of 1:39 p.m. in Tokyo.
Commodities Oil traded near the highest price in nine months after euro-area finance ministers agreed on a second bailout for Greece, improving prospects for fuel demand.
Oil futures for March delivery, which expire today, advanced as much as $2.20 to $105.44, the highest intraday price since May 5 on the New York Mercantile Exchange.
Spot gold rose to its highest in a week and half on Tuesday as the dollar weakened after euro zone policymakers sealed a deal for a second bailout for Greece.
Spot gold inched up 0.4 percent to $1,740.35 an ounce by 0624 GMT, after touching a one-week high of $1,740.49.
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February 22nd, 2012
Currencies EUR/JPY was within 0.1 percent of a three-month high after the Greek government won a second bailout and sent debt-swap and austerity measures to parliament for approval.
The euro strengthened 0.4 percent to 105.97 yen from yesterday, when it reached 106.01, the highest since Nov. 14.

USD/JPY rose to a six-month high of 80.08 on speculation signs of growth in the U.S. economy will reduce the case for more quantitative easing by the Federal Reserve.
The dollar rose 0.4 percent to 80.04 yen as of 6:31 a.m. in London, after earlier touching 80.08, the strongest since Aug. 4.

Commodities Oil traded near the highest level in nine months as concern that tension with Iran will disrupt supplies countered speculation the global economy may falter and curb fuel demand.
Oil for April delivery was at $106.17 a barrel, down 8 cents, in electronic trading on the New York Mercantile Exchange at 5:22 p.m. Sydney time. It earlier slid as much as 54 cents. Front-month prices advanced 2.5 percent yesterday to the highest close since May 4.

Gold edged down on Wednesday from a 2-1/2-week high as concerns about Greece's ability to implement an unpopular bailout deal balanced the gains triggered by the actual agreement and slower factory activity in China contributed to the fall.
Spot gold rose to $1,759.84 an ounce in early trade, its highest since February 3, before reversing course to fall 0.18 percent to $1,755.86 an ounce by 0452 GMT.
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February 28th, 2012 Currencies EUR/USD The EUR/USD rose 0.3 percent to $1.3431. ECB is preparing to issue a second round of unlimited three-year loans to help shore up the region’s banks. U.S. economic data may show orders for durable goods fell in January, while consumer confidence improved this month
USD/CAD After climbing to 1.0049 the USD/CAD dropped down to 0.9991, as the dollar rose on most major rivals as the euro fell prey to apparent profit-taking in quiet trading Monday, after the Group of 20 nations refused to boost funding for the International Monetary Fund until the euro zone boosts the size of its own firewall.
Pending home sales climbed 2% in January to the highest level since April 2010, when buyers were taking advantage of a now-expired tax credit. The pending-home-sales index rose to 97.0 from a downwardly revised 95.1 reading in December.
Commodities Commodities fell a second day on concern Prices coming to near a 9-month high that may bend demands. Oil dropped for a second day in New York on speculation rising U.S. stockpiles signal easing fuel demand as crude trades near the highest price in nine months.
Oil for April delivery fell as much 72 cents to $107.84 a barrel in electronic trading on NYMEX and was at $108.44 a barrel at 3:06 p.m. Singapore time. The contract yesterday slid 1.1 percent to $108.56, snapping the longest winning streak since January 2010. Prices rose 6.3 percent last week to the highest since May 3 and are up 12 percent in the past year.
Gold rose about 3% previous week, outcome of Greece’s bailout deal and expectations of biggest momentary easing.
Spot gold edged up 0.3% to USD 1,771.96 an ounce by 0643 GMT, off a three-month high of $1,787.11 hit last week.

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