| Action Insight Daily Report | Australian Dollar Soars on Job Report, Details on Greece Rescue Awaited Australian dollar is the star performer today, buoyed by much stronger than expected job market report and rebound in Asian stocks. The job market in Australia expanded much more than expected by 52.7k in January versus expectation of 15.1k. Unemployment rate also unexpectedly dropped from 5.5% to 5.3%, added more evidence that it has well passed it's peak of 5.8% last August. Resilient in the job market solidifies the case for RBA to resume the rate hike cycle in Q2. Asian stock markets were also lifted by weaker than expected CPI reading released from China which rose 1.5% yoy in January, slowed from December's 1.9% yoy. The data cooled down speculation of further tightening after Chinese New Year. Nevertheless, investors are still conscious considering strong lending of CNY 1.39T, third-largest monthly total on record. Full Report Here... | | Candlesticks & Ichimoku Analysis | Trade Idea: GBP/USD - Sell At 1.5760 Despite yesterday's retreat from 1.5766 to 1.5572, as the British pound has recovered after holding above indicated support at 1.5535 (this week's low), suggesting further consolidation above this level would take place and another corrective bounce cannot be ruled out, however, renewed selling interest should emerge around said resistance at 1.5766 and bring another decline later. Breach of said support would confirm recent decline has resumed and extend weakness to 1.5500, however, loss of near term downward momentum should prevent sharp fall below 1.5450 and reckon 1.5412 (100% projection of 1.6879 to 1.5832 measuring from 1.6459) would hold from here, bring a much-needed correction later. Full Report Here... Trade Idea: EUR/USD - Sell At 1.3920 Despite yesterday's retreat to 1.3676, as the single currency has rebounded from there, retaining our view that near term consolidation would continue and another corrective rise to 1.3840 is likely, however, renewed selling interest should emerge around the upper Kumo (now at 1.3924) and bring another retreat. Only breach of indicated support at 1.3643 would signal correction from last week's low at 1.3585 has ended, then retest of this level would follow. Full Report Here... | | Featured Technical Report | Market Highlights | USD/CHF Daily Outlook Daily Pivots: (S1) 1.0622; (P) 1.0671; (R1) 1.0724; More. At this point, USD/CHF's consolidation from 1.0793 might still be in progress and another fall cannot be ruled out. Still, downside is expected to be contained by 1.0497/0640 support zone and bring rally resumption. Above 1.0720 minor resistance will flip intraday bias back to the upside. Further break of 1.0793 will bring rally resumption to medium term trend line resistance at 1.0921 next. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | AUDJPY | 79.95 | 78.69 | +126 | +1.58% | | AUDUSD | 0.8884 | 0.8754 | +130 | +1.46% | | GBPAUD | 1.7584 | 1.7809 | -225 | -1.28% | | AUDCAD | 0.9401 | 0.9296 | +105 | +1.12% | | EURAUD | 1.5515 | 1.5688 | -173 | -1.12% | Last Updated: Feb 11, 07:15 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Feb 11, 07:15 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 0:30 | AUD | Employment Change Jan | 52.7K | 15.1K | 35.2K | 37.5K | | 0:30 | AUD | Unemployment Rate Jan | 5.30% | 5.60% | 5.50% | | | 7:00 | EUR | German Wholesale Price Index M/M Jan | | 0.10% | 0.20% | | | 8:15 | CHF | CPI M/M Jan | | -0.40% | -0.20% | | | 8:15 | CHF | CPI Y/Y Jan | | 0.80% | 0.30% | | | 9:00 | EUR | ECB Monthly Bulletin | | -- | -- | | | 13:30 | CAD | New Housing Price Index M/M Dec | | 0.30% | 0.40% | | | 13:30 | USD | Advance Retail Sales Jan | | 0.30% | -0.30% | | | 13:30 | USD | Retail Sales Less Autos Jan | | 0.40% | -0.20% | | | 13:30 | USD | Initial Jobless Claims | | 456K | 480K | | | 15:00 | USD | Business Inventories Dec | | 0.40% | 0.40% | | | | EU Economic Summit | | | | | | | Suggested Readings | Fundamental Highlights Technical Highlights | | | Forex Brokers | | | Sponsors | 
Don’t miss out on The New York Traders Expo in February 14-17, 2010
at the Marriott Marquis Hotel. Register FREE by calling 800/970-4355 and mention priority code 016301 or go to The New York Traders Expo 
| |
No comments:
Post a Comment