Daily Technical Analysis by ACFX

[johnathan]

Technical Analysis & Market outlook by ACFX 28/12/11

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.

 

[johnathan]

December 29th, 2011

Important Financial Indicators of the day Forecast Previous
USD 13:30 (GMT) Unemployment Claims 372k 364k
USD 15:00 ( GMT) Pending Home Sales 1.7% 10.4%
USD 16:00 ( GMT) Crude Oil Inventories -2.9M -10.6M
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

 

[johnathan]

December 30th, 2011 Technical Analysis & Market outlook

Currencies EUR/USD The euro is set for its first back- to-back annual drop versus the dollar since 2001 on concern Europe’s debt crisis will weigh on the region’s economic growth. The euro slid 0.1 percent to $1.2947 as of 6:46 a.m. in London.
USD/CAD The Canadian dollar rose to the highest level since January against the euro on speculation the European Central Bank will need to increase cash injections after Italy failed to sell the maximum amount at debt auctions. The loonie gained 0.3 percent to C$1.3221 against the euro at 5 p.m. Toronto time.
Commodities Oil rose for a second day, heading for a third yearly increase, on speculation escalating tension in the Middle East may disrupt supplies as a recovery in the U.S. economy bolsters demand. West Texas Intermediate crude for February delivery gained as much as 51 cents, or 0.5 percent, to $100.16 a barrel on the New York Mercantile Exchange.
Gold, poised for an 11th year of advance, rebounded from the lowest level in six months as a slump that threatened to tip the metal into a bear market spurred purchases, tempering the effect of a stronger dollar. February-delivery bullion rose as much as 1.3 percent to $1,561 an ounce.

 

[johnathan]

January 3rd, 2011

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.
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
European (SXXP) stocks gained yesterday on their first trading day this year, following the Stoxx Europe 600 Index’s first annual loss since 2008, as a measure of German manufacturing beat estimates and a gauge of utilities rose.Germany’s DAX Index added 3 percent.France’s CAC 40 Index gained 2 percent

 

[johnathan]

January 4th, 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
Equities Asian stocks (MXAP) rose on the first full trading day of the new year after economic reports in the U.S. and Germany boosted optimism.The MSCI Asia Pacific Index increased 1.1 percent. Japan’s Nikkei 225 Stock Average (NKY) rose 1.3 percent.
U.S. stocks climbed, sending the Dow Jones Industrial Average to the highest level since July amid signs that manufacturing output is increasing from China to Australia and America. The Standard & Poor’s 500 Index rallied 1.6 percent.

 

[johnathan]

January 5th, 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.

 

[johnathan]

January 9th, 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 prospects.
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.

 

[johnathan]

January 11th, 2012 Market Outlook

Currencies EUR/USD The 17-nation currency slid against most of its major peers before Spain and Italy sell securities this week amid concern the nations will struggle to meet funding needs. The euro lost 0.2 percent to $1.2755 as of 6:55 a.m. in London from yesterday in New York.
AUD/USD The Australian dollar declined, snapping two-day gain, as Spain and Italy prepare to auction debt this week amid concern their credit ratings may be cut. Australia’s dollar declined 0.3 percent to $1.0279 as of 4:30 p.m. in Sydney from yesterday in New York, when it appreciated 0.7 percent.
Commodities Oil traded near the highest settlement in almost one week as concern that supplies from Iran will be disrupted countered speculation Europe may enter a recession as it struggles to tame its debt crisis. Crude for February delivery was at $102.27 a barrel, up 3 cents, in electronic trading on the New York Mercantile Exchange at 3:13 p.m. Singapore time.
Gold futures extended sharp gains on Tuesday, trading at the highest level since mid-December as the euro's advance against the U.S. dollar boosted the appeal of precious metals. Gold futures were likely to find support at USD1,606.05 a troy ounce, the previous day's low and short-term resistance at USD1,645.65, the high of December 14.

 

[johnathan]

January 16th, 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.

 

[johnathan]

January 17th, 2012

Currencies EUR/USD The euro had a quiet trading day yesterday as it remained lower as French bill auction eyed .
EUR/USD hit 1.2626 during European afternoon trade, the daily low; the pair subsequently consolidated at 1.2666, easing down 0.08%.

GBP/USD The Pound consolidated yesterday as trading Volume remained lower due to US Bank holiday and lack of fundamental aspect.
GBPUSD hit 1.5274 during European session, the daily low; the pair is trading higher at the moment of writing this report, first major resistance level is at 1.5393.

Commodities Oil rose to the highest level in three days as France pushed for faster enforcement of a ban on Iranian imports and Saudi Arabia’s energy minister said the world’s biggest crude exporter wants prices at $100 a barrel.
Crude for February delivery rose to as high as $100.40 a barrel in electronic trading on the New York Mercantile Exchange, up $1.70 from the Jan. 13 closing price.

Spot gold climbed about 1 percent on Tuesday, encouraged by revived risk appetite that lifted markets across the board, after China announced better than expected economic growth in the last quarter of 2011.
Spot gold gained 0.9 percent to $1,658.19 an ounce by 0509 GMT, heading for a second consecutive session of gains.
http://blog.acfx.com/wp-content/uploads/tech/january2012/17-01/highres/eurusd.jpg
http://blog.acfx.com/wp-content/uploads/tech/january2012/17-01/highres/gold.jpg

 

[johnathan]

January 18th, 2012 Market Outlook

Currencies EUR/USD The euro had a quiet trading day yesterday as the range levels remained unchanged, the euro against the greenback was ranging between high of 1.2788 and low of 1.2710. During the Asian session the pair came to life after China reported that its economy grew at a strong pace, at the moment of writing this report the pair is trading at 1.2771, where we have the first major support level at 1.2813.

USD/CAD Canada’s dollar reached the strongest level in two weeks against its U.S. counterpart as faster-than-forecast growth in China bolstered demand for higher-yielding assets.
Canada’s currency touched C$1.0113 per U.S. dollar, the strongest since Jan. 4. It ended 0.3 percent higher at C$1.0151 in Toronto.

Commodities Oil rose for a second day after Iran cautioned Saudi Arabia against increasing supplies if sanctions are imposed on Iranian exports, while signs of economic growth in the U.S. and Germany bolstered bets fuel demand may increase.
Crude for February delivery rose as much as 72 cents to $101.43 a barrel in electronic trading on the New York Mercantile Exchange.

Gold rose for a third day, climbing alongside other commodities including copper, as the dollar weakened before data forecast to show signs of economic recovery.
Spot gold gained as much as 0.4 percent to $1,658.45 an ounce and traded at $1,654.48 at 1:40 p.m. in Singapore.
http://blog.acfx.com/wp-content/uploads/tech/january2012/18-01/highres/eurusd.jpg
http://blog.acfx.com/wp-content/uploads/tech/january2012/18-01/highres/gold.jpg

 

[johnathan]

January 19th, 2012

Currencies EUR/USD The dollar maintained a two-day decline against the euro amid signs the U.S. economy is gaining momentum and as Asian stocks extended a global rally, damping demand for haven currencies.
The greenback was unchanged at $1.2863 per euro as of 6:53 a.m. in London from yesterday in New York, when it slid 1 percent, the most since Nov. 11.
AUD/USD Australia’s dollar declined yesterday after a government report showed the nation’s employers unexpectedly cut jobs in December.
Australia’s dollar fell 0.5 percent to $1.0384 at 4:48 p.m. in Sydney.
Commodities Oil declined in New York as the Obama administration denied a permit for TransCanada Corp. (TRP)’s Keystone XL pipeline, which would have carried crude to U.S. Gulf Coast refineries from Alberta’s oil sands.
Crude oil for February delivery fell 12 cents to settle at $100.59 a barrel on the New York Mercantile Exchange.
Gold futures climbed to the highest settlement price in five weeks as a slumping dollar boosted the appeal of the precious metal as an alternative asset.
Gold futures for February delivery rose 0.3 percent to close at $1,659.90 an ounce at 1:39 p.m. on the Comex in New York, the highest settlement since Dec. 13.

http://blog.acfx.com/wp-content/uploads/tech/january2012/19-01/highres/eurusd.jpg
http://blog.acfx.com/wp-content/uploads/tech/january2012/19-01/highres/usdjpy.jpg

 

[johnathan]

January 20th, 2012

Important Financial Indicators of the day Forecast Previous
GBP 09:30 (GMT) Retails Sales 0.6% -0.4%
CAD 12:00 (GMT) Core CPI m/m -0.2% 0.1%
USD 15:00 ( GMT) Existing Home Sales 4.65M 4.42M
Currencies EUR/USD The 17-nation euro strengthened yesterday as Spain and France sold bonds at lower yields in their first sales of medium and long-term debt since being downgraded by Standard & Poor’s.
The dollar has fallen 2.3 percent versus the euro since Jan. 13.

USD/CAD Canada’s dollar was little changed against its U.S. counterpart as a decline in crude oil countered a rally in equities.
Canada’s currency, also known as the loonie, was little changed at C$1.0108 per U.S. dollar at 5 p.m. in Toronto after touching C$1.0071, the most since Dec. 8.

Commodities Oil rose in New York, extending its gain for the week, as investors bet fuel demand will rise along with an economic recovery in the U.S.
Crude for February delivery advanced as much as 35 cents to $100.74 in electronic trading on the New York Mercantile Exchange at 4:36 p.m. Sydney time.


http://blog.acfx.com/wp-content/uploads/tech/january2012/20-01/highres/eurusd.jpg
http://blog.acfx.com/wp-content/uploads/tech/january2012/20-01/highres/gbpusd.jpg

 

[johnathan]

January 26th, 2012

Currencies EURUSD The dollar traded 0.1 percent from the least in five weeks against the euro after the Federal Reserve extended its pledge to keep interest rates low until late 2014.
The dollar traded at $1.3118 per euro as of 2:51 p.m. in Tokyo from $1.3106 in New York yesterday, when it dropped to $1.3121, the lowest level since Dec. 21
USDCAD Canada’s dollar gained to the strongest in almost three months after U.S. policy makers said their key interest rate will stay at almost zero until at least late 2014, boosting the attraction of Canada’s 1 percent rate.
Canada’s currency, appreciated 0.5 percent to C$1.0043 per U.S. dollar at 5 p.m. Toronto time.
Commodities OIL rose for a second day in New York on speculation that a Federal Reserve pledge to keep U.S. interest rates low will bolster economic growth and boost fuel demand in the world’s biggest crude consumer.
Crude for March delivery rose as much as 84 cents to $100.24 a barrel on the New York Mercantile Exchange and was at $100.21 at 2:16 p.m. Singapore time.
Gold jumped to its strongest in more than a month on Thursday after a promise by the U.S. Federal Reserve to keep rock-bottom rates for at least two more years helped burnish the metal's safe-haven appeal.
Spot gold was hardly changed at $1,709.19 an ounce by 0036 GMT after earlier hitting a high of $1,713.59 an ounce, its highest since mid-December.

http://blog.acfx.com/wp-content/uploads/tech/january2012/26-01/highres/eurusd.jpg
http://blog.acfx.com/wp-content/uploads/tech/january2012/26-01/highres/gbpusd.jpg

 

[johnathan]

January 30th, 2012

Currencies EURUSD The euro declined against the dollar, snapping a five-day gain, before European Union leaders meet in Brussels to discuss the region’s debt crisis.
The euro slid 0.4 percent to $1.3169 as of 6:35 a.m. in London from the Jan. 27 close in New York
USDJPY fell during the Friday session as the Dollar continues to weaken against most other currencies, the area just below 76.66 starts the support level that the Bank of Japan has been defending.
Commodities Oil declined before a meeting of European Union leaders to discuss the region’s debt crisis, which has slowed the economy and threatened to curb fuel consumption.
Crude for March delivery fell as much as 82 cents to $98.74 a barrel in electronic trading on the New York Mercantile Exchange.
Gold ticked lower on Monday after earlier rising to its highest in more than seven weeks as investors awaited the outcome of Greece's debt deal talks.
Gold hit a high of $1,739 an ounce, its strongest since December 8, on safe-haven buying after data showed U.S. fourth-quarter economic growth was weaker, however it found resistance at 1739.00 and pulled back to 1725.95 the lowest for today 7:39 GMT.
Equities Asian stocks fell, with a regional benchmark index dropping from a three-month high, ahead of a European summit on the region’s debt crisis.
Nikkei 225 Stock Average slid 0.5 percent.
Hong Kong’s Hang Seng Index declined 0.9 percent.
http://blog.acfx.com/wp-content/uploads/tech/january2012/30-01/highres/eurusd.jpg
http://blog.acfx.com/wp-content/uploads/tech/january2012/30-01/highres/gbpusd.jpg

 

[johnathan]

January 31st, 2012

Currencies EUR/USD The dollar weakened against most of its major peers after Greek Prime Minister Lucas Papademos said progress had been made in debt-swap talks with bondholders, snapping demand for a refuge from Europe’s fiscal crisis.
The U.S. currency dropped 0.3 percent to $1.3184 per euro as of 6:36 a.m. in London
USDJPY The greenback fell as much as 0.2 percent to 76.18 yen, the lowest since Oct. 31, before trading at 76.30.
USDCAD Canada’s dollar fluctuated versus its U.S. counterpart and climbed against most of its other major peers as sparring over a second bailout for Greece spurred demand for safety.
Canada’s dollar, was little changed at C$1.0015 per U.S. dollar at 5 p.m. Toronto time.
Commodities OIL gained as investors speculated that fuel demand will climb after industrial output rose more than forecast in Japan, the third-biggest crude consumer.
Crude for March delivery gained as much as 79 cents to $99.57 a barrel in electronic trading on the New York Mercantile Exchange.
Gold : Gold ticked up on Tuesday after the euro recouped some losses, while bullion prices headed for their biggest monthly rise since August as lingering concerns about growth in the United States prompted buying from investors.
Gold added $7.05 an ounce to $1,735.69 by 0315 GMT, having hit a low around $1,716 on Monday.
http://blog.acfx.com/wp-content/uploads/tech/january2012/31-01/highres/eurusd.jpg
http://blog.acfx.com/wp-content/uploads/tech/january2012/31-01/highres/gbpusd.jpg
http://blog.acfx.com/wp-content/uploads/tech/january2012/31-01/highres/gold.jpg

 

[johnathan]

February 2nd, 2012

Currencies EUR/USD The 17-nation euro held yesterday’s gain versus the greenback after German Chancellor Angela Merkel said Europe must be united in protecting stability in the currency.
The dollar dropped 0.1 percent to $1.3178 per euro as of 6:37 a.m. in London from $1.3161 in New York yesterday when it slid 0.6 percent.
USD/JPY A gauge of volatility for the yen climbed to the highest this year amid speculation Japan will intervene in the foreign-exchange market.
The Japanese currency traded at 76.12 per dollar, 1 percent from the record high of 75.35 set on Oct. 31.
AUD/USD Australia’s dollar reached a five-month high after a report showed the nation’s trade surplus widened in December to A$1.71 billion ($1.83 billion) from a revised A$1.34 billion the previous month.
Australia’s dollar climbed 0.2 percent to $1.0726 after touching $1.0757, the most since Sept. 1.
Commodities Oil traded near the lowest in six weeks as U.S. crude stockpiles increased more than estimated and gasoline use fell to a 10-year low.
Crude for March delivery was at $97.40 a barrel, down 21 cents, in electronic trading on the New York Mercantile Exchange at 12:55 p.m. Singapore time.
Gold advanced to the highest level in eight weeks, gaining alongside equities and other commodities, as global manufacturing improved, weakening the dollar and boosting demand for alternative investments.
Gold rallied as much as 0.5 percent to $1,751.97 an ounce, the most expensive since Dec. 8, and traded at $1,746.30 at 1:20 p.m. in Singapore.
http://blog.acfx.com/wp-content/uploads/tech/feb2012/2-2/highres/eurusd.jpg
http://blog.acfx.com/wp-content/uploads/tech/feb2012/2-2/highres/gold.jpg

 

[johnathan]

February 3rd, 2012

Currencies EUR/USD headed for a weekly decline against all of its 16 major peers as Greece and its creditors struggle to reach an agreement on a debt swap.The euro was little changed at $1.3140 as of 2:40 p.m. in Tokyo from $1.3144 in New York yesterday, set for a 0.6 percent weekly decline.
USD/JPY traded within one yen of a postwar high versus the dollar, raising speculation the country will intervene to weaken it.The yen traded at 76.19 per dollar from 76.22. It rose to as high as 76.03 on Feb. 1, approaching the post-World War II record of 75.35 set on Oct. 31.
AUD/USD fell from near five-month highs as Asian stocks dropped, curtailing a global advance in equities and reducing demand for riskier assets.Australia’s dollar declined 0.2 percent to $1.0691 from yesterday, when it reached $1.0757, its strongest since Sept. 1.
Commodities Oil traded near a six-week low before a report forecast to show the U.S. added fewer jobs last month than in December.Crude for March delivery was at $96.56 a barrel, up 20 cents, in electronic trading on the New York Mercantile Exchange at 1:32 p.m. Singapore time. The contract fell 1.3 percent to $96.36 yesterday, the lowest since Dec. 19.
Gold advanced to the highest level in eight weeks, gaining alongside equities and other commodities, as global manufacturing improved, weakening the dollar and boosting demand for alternative investments. Gold rallied as much as 0.5 percent to $1,751.97 an ounce, the most expensive since Dec. 8, and traded at $1,746.30 at 1:20 p.m. in Singapore.
http://blog.acfx.com/wp-content/uploads/tech/feb2012/3-2/highres/eurusd.jpg
http://blog.acfx.com/wp-content/uploads/tech/feb2012/3-2/highres/usdjpy.jpg

 

[johnathan]

February 7th, 2012

Currencies EUR/USD declined for a 2nd day before Greek PM Lucas Papademos share out details to the other 3 parties in regards to the details of measures to be held on nation in order to control and solve the debt issue. The euro dropped 0.2% to $1.3107 as of 2:23 p.m. in Tokyo from the close in NY yesterday when it fell 0.2%. It was little changed at 100.56 yen. Japan’s currency weakened 0.2 percent to 76.73 per USD
USD/JPY The dollar was little changed against the Japanese yen as traders consider whether Tokyo will intervene in currency markets
The dollar bought 76.58 Japanese Yens, versus 76.62 JPY that was traded on late Friday.
AUD/USD gained against all of its 16 major counterparts after the Central Bank maintained the benchmark interest rate at 4.25%. Forecasts expect a cut of 4%.
The Australian dollar advanced 0.6 percent to $1.0792 and touched $1.0811,
the strongest since Aug. 2.
http://blog.acfx.com/wp-content/uploads/tech/feb2012/7-2/highres/eurusd.jpg
http://blog.acfx.com/wp-content/uploads/tech/feb2012/7-2/highres/gold.jpg
http://blog.acfx.com/wp-content/uploads/tech/feb2012/7-2/highres/oil.jpg

 

[johnathan]

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.
http://blog.acfx.com/wp-content/uploads/tech/feb2012/8-2/highres/eurusd.jpg
http://blog.acfx.com/wp-content/uploads/tech/feb2012/8-2/highres/gbpusd.jpg
http://blog.acfx.com/wp-content/uploads/tech/feb2012/8-2/highres/gold.jpg