The investors, who own 58% of Greek bonds, confirmed their participation in the PSI program.
Asian and European trading sessions:
Euro: On the background of anticipation of the deadline’s expiration for acceptance of PSI program’s conditions by the Greece creditors the EUR / USD couple traded in a relatively narrow range of $1.3121 -$1.3151during the Asian session after its yesterday's fall.
British Pound: The GBP/USD pair traded today in a range of $1.5698 to $1.5757 during both Asian and European trading sessions.
Japanese Yen: The Japanese Yen continued to grow against almost all major currencies amid falling Asian stock indexes. The concerns about possible problems regarding exchange of Greece bonds and the situation in the Euro Zone put pressure on the stock markets today, which triggered the demand for the Japanese yen, as a traditionally safe asset. The USD / JPY pair tested again the important support level of Y80.55-Y80.57 area during the Asian trading session.
Australian Dollar: The publication of macroeconomic data showed a significant slowdown in the Australian economy. The GDP of Australia contracted in the fourth quarter of 2011 by 0.4% and by 2.3 % over the same period a year earlier, which is much more less than economists had forecasted. In reaction on this news the Australian dollar fell to a six-week minimum.
American trading session:
Euro: The Euro was able to recover from lows of $1.3096 against the U.S. dollar after the publication of the information that investors, who own 58% of Greek bonds, have confirmed their participation in the PSI program.
Oil: The U.S. department of Energy reported that last week's supply of oil in the U.S. had increased, while the stocks of gasoline, diesel fuel and heating oil had fallen. April WTI oil futures price rocketed to 106.50 dollars per barrel during the American trading session.
Gold: March futures price of Gold today kept the range of 1673.1 - 1680.0 per ounce. Gold prices were more stable today after a three-day in a row decline.
Japanese Yen: The Yen fell against the dollar after the publication of the information that the Fed is developing a new model for buying bonds. According to the Wall Street Journal, the Fed in regard of easing concerns about inflation, if the authorities will decide to take further steps to stimulate economic, is considering the possibility of “sterilized " purchases of bonds in the future.
Technical analysis for 8/03
EURUSD
The pair didn’t take a chance to break .3167 and may return to 1.32535.
Resistance: 1.31674, 1.33143, 1.34882
Support: 1.30277, 1.28630, 1.26897
GBPUSD
The pair has drawn Head and Shoulders. MACD also has formed divergence that supports pair to start workout of the figure. The first aim is at 1.56722 if the pair declines below 1.58543. The second aim is at 1.54842 if 1.56722 is broken.
Resistance: 1.58543, 1.60322, 1.62050
Support: 1.56722, 1.54842, 1.53482
USDCHF
The pair has reached 0.92026 and aiming to 0.91079.
Resistance: 0.92026, 0.93069, 0.93949
Support: 0.91079, 0.89635, 0.88418
USDJPY
The pair has reached Moving Average (500) at 81.399 and may roll back to 79.707.
Resistance: 81.399, 82.219, 83.065
Support: 80.438, 79.707, 79.070
AUDUSD
The pair has drawn Triple Top and return to Neckline support 1.06164. MACD divergence supports pair to start workout the figure. 1.06164 is the resistance level if the pair will not break it the pair will decline.
Resistance: 1.06164, 1.07005, 1.07739
Support: 1.05332, 1.04407, 1.03535
Asian and European trading sessions:
Euro: On the background of anticipation of the deadline’s expiration for acceptance of PSI program’s conditions by the Greece creditors the EUR / USD couple traded in a relatively narrow range of $1.3121 -$1.3151during the Asian session after its yesterday's fall.
British Pound: The GBP/USD pair traded today in a range of $1.5698 to $1.5757 during both Asian and European trading sessions.
Japanese Yen: The Japanese Yen continued to grow against almost all major currencies amid falling Asian stock indexes. The concerns about possible problems regarding exchange of Greece bonds and the situation in the Euro Zone put pressure on the stock markets today, which triggered the demand for the Japanese yen, as a traditionally safe asset. The USD / JPY pair tested again the important support level of Y80.55-Y80.57 area during the Asian trading session.
Australian Dollar: The publication of macroeconomic data showed a significant slowdown in the Australian economy. The GDP of Australia contracted in the fourth quarter of 2011 by 0.4% and by 2.3 % over the same period a year earlier, which is much more less than economists had forecasted. In reaction on this news the Australian dollar fell to a six-week minimum.
American trading session:
Euro: The Euro was able to recover from lows of $1.3096 against the U.S. dollar after the publication of the information that investors, who own 58% of Greek bonds, have confirmed their participation in the PSI program.
Oil: The U.S. department of Energy reported that last week's supply of oil in the U.S. had increased, while the stocks of gasoline, diesel fuel and heating oil had fallen. April WTI oil futures price rocketed to 106.50 dollars per barrel during the American trading session.
Gold: March futures price of Gold today kept the range of 1673.1 - 1680.0 per ounce. Gold prices were more stable today after a three-day in a row decline.
Japanese Yen: The Yen fell against the dollar after the publication of the information that the Fed is developing a new model for buying bonds. According to the Wall Street Journal, the Fed in regard of easing concerns about inflation, if the authorities will decide to take further steps to stimulate economic, is considering the possibility of “sterilized " purchases of bonds in the future.
Technical analysis for 8/03
EURUSD
The pair didn’t take a chance to break .3167 and may return to 1.32535.
Resistance: 1.31674, 1.33143, 1.34882
Support: 1.30277, 1.28630, 1.26897
GBPUSD
The pair has drawn Head and Shoulders. MACD also has formed divergence that supports pair to start workout of the figure. The first aim is at 1.56722 if the pair declines below 1.58543. The second aim is at 1.54842 if 1.56722 is broken.
Resistance: 1.58543, 1.60322, 1.62050
Support: 1.56722, 1.54842, 1.53482
USDCHF
The pair has reached 0.92026 and aiming to 0.91079.
Resistance: 0.92026, 0.93069, 0.93949
Support: 0.91079, 0.89635, 0.88418
USDJPY
The pair has reached Moving Average (500) at 81.399 and may roll back to 79.707.
Resistance: 81.399, 82.219, 83.065
Support: 80.438, 79.707, 79.070
AUDUSD
The pair has drawn Triple Top and return to Neckline support 1.06164. MACD divergence supports pair to start workout the figure. 1.06164 is the resistance level if the pair will not break it the pair will decline.
Resistance: 1.06164, 1.07005, 1.07739
Support: 1.05332, 1.04407, 1.03535