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.
http://blog.acfx.com/wp-content/uploads/tech/feb2012/9-2/highres/eurusd.jpg
http://blog.acfx.com/wp-content/uploads/tech/feb2012/9-2/highres/usdjpy.jpg
http://blog.acfx.com/wp-content/uploads/tech/feb2012/9-2/highres/gold.jpg
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.
http://blog.acfx.com/wp-content/uploads/tech/feb2012/9-2/highres/eurusd.jpg
http://blog.acfx.com/wp-content/uploads/tech/feb2012/9-2/highres/usdjpy.jpg
http://blog.acfx.com/wp-content/uploads/tech/feb2012/9-2/highres/gold.jpg
