Yen Still Above 79.50. Following yesterday's price fall in figures 79.95 to 79.28 after the BoJ's monetary policy decision released yesterday, the yen had recovered to 79.63 weekly price movements, was last seen. Down movement is likely due to the action of "sell the fact, rather than the market was disappointed on the size of the release of funds from the central bank stimulus. Weak economic data from Japan continue to emerge, today at 46.9 PMI manufacturing data, which is still below previous levels, respectively, in 4 months.
Bednarik also expressed his analysis: "The yen managed to close back above the daily movement yesterday DMA-200 level that offers dynamic support near 79.50". "Movements in the hourly chart shows a bullish signal although limited, although some indicators are still in the positive area, prices began to take shape under the SMA-200 and SMA-100. Bednarik was added, the movement per 4 hour chart is still bearish technical signals and must be able to penetrate above 79.70 to record continuing rise in the next few sessions. Range of support according to Bednarik, will be recorded at 79.40, 79.10 and 78.80. While the range of resistance was recorded at 79.70, 79.95 and 80.30.
Greece Wait Decision, Euro Strong
EUR / USD is under a high level last night but still remain strong after Greece reported almost reached agreement on reduction of austerity measures taken two years to encourage the exchange, according to HiFX senior trader Stuart Ive. With the lack of data for the Asian market, the market's focus today on a conference call by EU finance ministers today, he said.
"All the attention focused on whatever results come out for Greece and the markets are expecting Greece gets extension for two years." While the U.S. market will be re-opened after being closed for two days due to the storm Sandy. This news will be a guide for the movement of EUR / USD next. Euro at 1.2960 with support level at 1.2925 and the resistance level at 1.3000.
Bednarik also expressed his analysis: "The yen managed to close back above the daily movement yesterday DMA-200 level that offers dynamic support near 79.50". "Movements in the hourly chart shows a bullish signal although limited, although some indicators are still in the positive area, prices began to take shape under the SMA-200 and SMA-100. Bednarik was added, the movement per 4 hour chart is still bearish technical signals and must be able to penetrate above 79.70 to record continuing rise in the next few sessions. Range of support according to Bednarik, will be recorded at 79.40, 79.10 and 78.80. While the range of resistance was recorded at 79.70, 79.95 and 80.30.
Greece Wait Decision, Euro Strong
EUR / USD is under a high level last night but still remain strong after Greece reported almost reached agreement on reduction of austerity measures taken two years to encourage the exchange, according to HiFX senior trader Stuart Ive. With the lack of data for the Asian market, the market's focus today on a conference call by EU finance ministers today, he said.
"All the attention focused on whatever results come out for Greece and the markets are expecting Greece gets extension for two years." While the U.S. market will be re-opened after being closed for two days due to the storm Sandy. This news will be a guide for the movement of EUR / USD next. Euro at 1.2960 with support level at 1.2925 and the resistance level at 1.3000.
Reluctant to Hold Euro market
The market is still feeling the impact of the storm Sandy in U.S. session, with the stock exchanges in New York and the As bond markets are still not support to build any momentum for the euro, which was trading just above the 1.2950, from a low of 1.2885 earlier in the day. While the numbers are still not a certainty 1:30 in the market. From the fundamental side, the trade has not found a compelling reason to move to buy euros or U.S. dollars, and the focus turned to a meeting of European finance ministers in Europe, with the subject of the additional time for Greece as much as 2 years and the prospect of aid for Greece.
While the expectations of the potential for Spain to be asking for help is still low. FXWW Founder, Sean Lee, noted that Euro look began bullish: "This year, the Euro is still technically bearish, while the MA-50 days have met with MA-200 days and the Euro have a bearish trend for the next 12 months. Now we see a potential change in direction (bullish) and will probably have an impact significant if the managers of large funds out of a long-term short positions ".
Aussie Back Flat This Week, Above 1.0350
Aussie back in the closing week against the U.S. dollar, was last seen at 1.0373, recovering from a low in the weekly Monday movement when reaching a daily low at 1.0326 doubles. Aussie continues to hold its gains yesterday during the London session at 1.0383 high ahead of the U.S. market for termination storm Sandy. Even important today for Aussie building approvals are still in the data, the estimated positive.
According to Valeria Bednarik, Chief Analyst at FXstreet.com, Aussie still retains a short-term bullish signal from the movement of the hourly chart, the indicator is still in the positive area, and SMA-20 moves up and offers a dynamic support near current levels. He continued: "In the movement per 4 hours, price range still holds: Aussie is still stuck in a range of 100 pips flat area near the SMA-20, while some indicators remaining in a neutral area. Aussie may be strengthened if breached resistance level 1.0410 and successfully move into it ". Bednarik says a range of support at 1.0360, 1.0330 and 1.0300. While the range of resistance was recorded at 1.0380, 1.0410 and 1.0445.
The market is still feeling the impact of the storm Sandy in U.S. session, with the stock exchanges in New York and the As bond markets are still not support to build any momentum for the euro, which was trading just above the 1.2950, from a low of 1.2885 earlier in the day. While the numbers are still not a certainty 1:30 in the market. From the fundamental side, the trade has not found a compelling reason to move to buy euros or U.S. dollars, and the focus turned to a meeting of European finance ministers in Europe, with the subject of the additional time for Greece as much as 2 years and the prospect of aid for Greece.
While the expectations of the potential for Spain to be asking for help is still low. FXWW Founder, Sean Lee, noted that Euro look began bullish: "This year, the Euro is still technically bearish, while the MA-50 days have met with MA-200 days and the Euro have a bearish trend for the next 12 months. Now we see a potential change in direction (bullish) and will probably have an impact significant if the managers of large funds out of a long-term short positions ".
Aussie Back Flat This Week, Above 1.0350
Aussie back in the closing week against the U.S. dollar, was last seen at 1.0373, recovering from a low in the weekly Monday movement when reaching a daily low at 1.0326 doubles. Aussie continues to hold its gains yesterday during the London session at 1.0383 high ahead of the U.S. market for termination storm Sandy. Even important today for Aussie building approvals are still in the data, the estimated positive.
According to Valeria Bednarik, Chief Analyst at FXstreet.com, Aussie still retains a short-term bullish signal from the movement of the hourly chart, the indicator is still in the positive area, and SMA-20 moves up and offers a dynamic support near current levels. He continued: "In the movement per 4 hours, price range still holds: Aussie is still stuck in a range of 100 pips flat area near the SMA-20, while some indicators remaining in a neutral area. Aussie may be strengthened if breached resistance level 1.0410 and successfully move into it ". Bednarik says a range of support at 1.0360, 1.0330 and 1.0300. While the range of resistance was recorded at 1.0380, 1.0410 and 1.0445.
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