Greece & Germany Euro Boost Optimism

Greece & Germany Euro Boost Optimism. The euro soared to a 3-week highs versus the U.S. dollar on Friday, amid optimism the international creditors will soon agree on the next tranche of aid disbursement to Greece. Rebound index of German business sentiment also helped support the euro appreciation. But the gloomy outlook for the euro zone and the potential for further policy easing from the European Central Bank looks still limit the strengthening of the single currency.

"Without prejudice to the opportunity to reach agreement on Greek aid, some other news show if technical constraints and laws of leftovers. Was indicated if the potential for failure is looming," said Nick Bennenbroek, head of currency strategy at Wells Fargo in New York.


Optimistic Euro Liquid Will Help Greece
The euro jumped to a 3-week highs versus the U.S. dollar on Thursday, amid expectations that international creditors will soon agree on the next tranche of aid for Greece. The single currency was also helped by data showing euro zone manufacturing activity was not as bad as expected in November, easing concerns about a deeper recession. But the recovery looks fragile as the Euro is still gloomy economic outlook in the coming months, keeping the possibility of interest rate cuts by the European Central Bank.

"The lack of bad news on Thursday has helped Euro moved higher, after being depressed by the failure of international creditors to agree on aid for Greece earlier this week," said Saeed Amen, forex analyst at Nomura. Yields on Greek and Spanish bonds moved lower also helped shore up market sentiment, according to traders has prompted a number of purchases by U.S. investors.

Take advantage of Momentum, Aussie Print Weekly Increase
 

The Australian dollar posted a weekly gain against the U.S. currency following a rally in global stocks, which boosted demand for riskier assets. Yield on Australian 10-year bonds also rose to its highest level in almost a month amid speculation that European finance ministers would immediately disburse aid package for Greece. The improvement in China's manufacturing sector activity, Australia's biggest trading partner, has also been the country's export prospects shiny kangaroo.

"The Rise of the $ 1.03 area have built some momentum, which could potentially push the Aussie back to the $ 1.05 area," said Jim Vrondas, a manager at OzForex Ltd.. in Sydney.

Greek chaos Immerse Euro - Euro falls

Greek chaos Immerse Euro. The euro fell back to 2-month lows against the U.S. dollar in the new Monday night as the new uncertainties associated sticking out the next stage of the rescue package for Greece. Greek PM warns if Greece may be forced emotion out of the Euro zone if the Greek parliament approved an austerity package nor new proposed budget. The results of parliamentary voting against tightening package worth 13 billion euros will be released on Wednesday this week.

If parliament approved the austerity plan, the EU and the IMF will approve aid package for Greece. New Democracy Party and its coalition partner ecpectation narrowly won over the budget plan so as to secure the position of Greece in the euro zone at least for a while. Observed so far pairing EURUSD fell -0.44% at 1.2778, after reaching its lowest point at 1.2768 and intraday high levels daily at 1.2841.

Anxiety Greece is still a major factor dragging down EURUSD today, even likely fall into the range of 1:24 to 1:27 until the end of the year. Opportunities rise EURUSD likely triggered by profit-taking if Obama won re-election of U.S. President Tuesday.

Greece Euro Anxious to Get Help

The euro fell to its lowest level in nearly 8 weeks against the dollar on speculation Greece will be difficult to get a bailout fund, the risk for the future of Greece in the euro bloc. The euro weakened against all major currencies after Greek Prime Minister Antonis Samaras yesterday promised that the salary and pension cuts it proposes will be the last as he tried to gain political support for policies that would ensure the sustainability of Greek sovereign. "All the negative factors lining up for the euro," said Neil Mellor, a strategic foreign currency strategist at Bank of New York Mellon Corp.. in London. "It remains unclear how the voting will take place and we are still not sure if the voting was going well will have a positive impact for Greece and the euro zone."


Forex Still Focused On U.S. Elections

The foreign exchange market this week's U.S. presidential election fell on a Tuesday, which helped determine the outcome of the election is the fate of the fiscal gap, government regulations and policies of the Fed going forward. Issues fiscal gap consists of government spending programs and tax cuts are scheduled to expire at the end of this year, has the potential to send the U.S. economy back on track recession if U.S. policy makers failed to reach agreement draw up new laws.

Presidential and legislative election results this time certainly can determine the U.S. fiscal gap debate, but whoever the winner of the U.S. Presidential candidates deadlock in the legislature a more important role with fluctuations in major currencies. In addition, the results of the U.S. elections could also impact on the direction of the U.S. central bank's monetary policy, which has so far made a purchase of bonds and weaken the U.S. dollar due to higher supply-related dollar stimulus, it is likely to reverse direction if Mitt Romney was elected, as he give signal that would be The Fed's new governor is a more aggressive in tightening monetary policy rather than monetary easing at this time. Furthermore bergesr also focus on ECB monetary policy meeting on Thursday, although there has been no change in monetary policy expectations, but investors are still waiting for confirmation bailout Spain.


Some Uncertainties haunt Euro

The euro sank to its lowest in nearly two-month high versus the U.S. dollar on Monday as uncertainty about the outbreak of the next disbursement of bailout for Greece stage. Investors also look extra cautious ahead of the U.S. presidential election on Tuesday. EURUSD is currently offered in the range of 1.2785 or about 0.2% below the closing price on Friday, after touching the lowest level at 1.2777 daily. Concerns over Greece weigh on the currency the 17-nation bloc earlier this week, ahead of the parliamentary vote on the plan of tax increases and cuts in new budget required by Troika. Failure to meet these requirements will threaten bailout next stage, which is indispensable Athens to avoid bankruptcy.

"Some traders seem to also start looking further indication of the weakening euro, after trading in the range of 1:28 to 1:32 that has curb euro since mid-September," said Michael Derks, chief strategist at FxPro. "Dollar bullish movement also needs to be addressed with care, Obama's victory is likely to trigger some profit taking on Wednesday." U.S. Presidential election process will begin on Tuesday, the latest poll shows support for the thin sound differences between President Barack Obama and Mitt Romney.

5 Important Things Before the Open Market

5 Important Things Before the Open Market. 2 month high to touch USD against a basket of currencies on Monday after U.S. jobs data released last week that emphasizes the fundamental strength of the U.S. economy. EUR now at 1.2828, still fails to address the gap that has opened weaker early Asia-Pacific trading session, only two days before the U.S. presidential election. The euro has weakened more than 1.6% of the value of the weekly opening Monday. Starting this week, the Nikkei - Japan observed decline in negative territory but still thin on the psychological 9000 because fewer investors away from risky activities before the advent of the results of the American election. After opening in negative territory, the Hang Seng index will likely trade depressed all day because the other major Asian indices dragged the now weakened and Wall St. which sank at the weekend. Performance auto shares had fallen sharply among Hyundai Motor dropped 4.9% to KRW204, 500 and Kia Motors Corp. which fell 4.8% to KRW57, 600, making KOSPI fell 0.3% to 251.20.

Malaysian palm oil palm oil contract fell by more than 3% to its lowest level in more than three weeks Monday, as traders continued to fret over high inventories in Malaysia. The main producer of crude oil, Saudi Arabia has raised oil prices for buyers from Asia in November as much as 20 cents, said the government-owned company, Aramco.

German Chancellor Angela Merkel said the European sovereign debt crisis will last at least 5 years or more.
Sharp Corp., the worst performing stock, move down in Tokyo after estimating a loss of $ 5.6 billion and said there were a number of questionable debt with efforts to survive. The credit status of the company is included in a "junk" by Fitch Ratings.


Asia Market Despite Negative Pretty Optimistic

Until the afternoon session at the beginning of the week (Monday, 05/11) in general Asian market still appeared to move in the negative territory mainly because of the attitude carried over selling investors who do this weekend including the selling happens on Wall Street. And investors seem to reduce activity at risk as market participants are now looking forward to the certainty of the U.S. presidential election this week. Even data manpower - Non-farm payrolls and U.S. factory orders that appear improved above expectations, unable to stem the negative market sentiment for profit-taking.

In Asia, the Nikkei - Japan appears corrected to 9000 broken down psychologically as investors dumped riskier assets ahead of the emergence of a number of the results of the American election. But the Nikkei was able constrained due to weakening the yen weakened and Toyota Motor Corp. stock rebounds. that shot up to 2.2% after the auto giant NHK said it plans to increase its operational profit forecast.

While the exchanges in Hong Kong's Hang Seng also degraded because dragged other Asian indexes fell and Wall St. now. which sank at the weekend. However, a number of buying stocks that look cheap as possible will have the stock color that will help limit the further weakening of the index. Investor sentiment today was quite positive after the data of non-manufacturing activity soared to the level of China's PMI 55.5 in October, from 54.3 previously, further confirmed that China's economy growing gradually recover.

Stimulants Need Strong Euro

The EUR / USD this morning activities are still in the range of 1.2824. The euro does not seem to have enough power to stay away from low levels. Exchange rate recorded has fallen 1.6% from current levels the market opened early last week. The weakening euro came two days before the U.S. presidential election.

Valeria Bednarik, chief analyst at Fxstreet.com said "Momentum is bearish if the currency of view the one hour chart still looks strong despite the currency has moved in oversold level. While 4 hour chart also confirms currency movements still tend to be weak, "explains the analyst. "Aussie if the key support level has reached the level 1.2800 at 1.2745 (38.2% retracement) and 1.2610. While the strong resistance level at 1.2880 Aussie. " Support levels at 1.2790 and 1.2745 while resistance levels at 1.2840, 1.2880, and 1.2910.

Euro Still in Narrow Range Under $ 1.3

Euro Still in Narrow Range Under $ 1.3. The single currency Euro seems still stuck in a narrow range in the range of negative (Monday, 05/11) after last weekend falls to its lowest
level in 3-week Puspa vs U.S. dollar (USD). Strengthening of the USD against the EUR, especially since fundamental data showed that the U.S. economy created more jobs in the last month. The euro also weighed down by data re-confirms the contraction in the manufacturing sector.

Eurozone manufacturing index slipped to figure recorded 45.4 in October from 46.1 in the previous month. The downward break the recovery of the manufacturing sector which has shrunk in the last 2 months. Until the Euro was recorded during the sessions move narrowlyon the area of ​​$ 1.2825 after only rose to a high of $ 1.2839, in contrast to the high levels achieved at the end of last week at 1.2950 perdollar.

As a result, the market sentiment assumes that the current crisis in Europe appears far from completion as the government continues to tighten the spending cuts, while the global economy is showing signs of slowing.


Ahead of Key Data, Aussie Tough

Ahead of the release of data on retail sales and the trade balance at 07.30 pm, the AUD / USD moved in the range of 1.0342. with low level at 1.0329 and a high level at 1.0347. Formerly at 5:30 pm, has released data that appear AIG services index by 42.8 points compared with 41.9 the previous month.

Greg McKenna, CEO of Lighthouse Securities and former chief currency analyst at NAB and Westpac said, "I think the Aussie moving pretty good when seen from the fundamental data., But global investors still require a more powerful instructions as an alternative to market direction."

"Strengthening USD feared to push the exchange rate AUD / USD currency but massive selloff likely will not happen," added Greg. Level support AUD / USD at 1.0300 and 1.0240. Resistance levels at 1.0379, 1.0405 and 1.0431.


Slow Market Risk; Profit Taking

Starting this week (Monday, 05/11), Asian markets generally move in the negative territory mainly because of the action brought by investors selling conducted over the weekend, including a sell-off that occurred on Wall Street. Today it seems investors reduce risky activities as market participants look forward to the middle of the U.S. presidential election certainty this week. Even data manpower - Non-farm payrolls and factory orders arising improved above expectations, unable to stem the negative market sentiment for profit-taking.

Throughout the month of October 2012, a new field of successful employment in the United States has reached 171 thousand, and that is a positive sentiment to Barack Obama when the presidential election campaign. And it's certainly going to decrease the popularity of his opponent in the election is Mitt Romney who is now the idol of the stock market on Wall Street. While the single currency euro still seems stuck in a narrow range in the range of negative after last weekend falls to its lowest level in 3-week Puspa vs U.S. dollar (USD). Strengthening of the USD against the EUR, especially since the data showed that the U.S. economy created more jobs in the last month. The euro was also weighed down by data re-confirms the contraction in the manufacturing sector.

Eurozone manufacturing index slipped to 45.4 recorded in October from 46.1 in the previous month. The downward break the recovery of the manufacturing sector in the last 2 months. As a result, the market sentiment assumes that the current crisis in Europe appears far from completion as the government continues to tighten the spending cuts, while the global economy is showing signs of slowing.

The U.S. Dollar Index High Touch 2 Months

The U.S. Dollar Index High Touch 2 Months. The U.S. dollar touched 2 month high against a basket of currencies on Monday after U.S. jobs data released last week that emphasizes the strong fundamentals of the U.S. economy. As the dollar held near a four month high against the yen and the euro are also touched the low 5 weeks, despite the uncertainty of the election on Tuesday may still not provide a strong potential for what will happen later. The U.S. Dollar Index, an index that measures the value of the U.S. dollar against six other currencies, moved up for highest at 80 629 points, its highest level since 7 September.

Stuck Below Yen 80.50

Yen get early start position to start the high level at 80.54, though only last a moment, when the yen back to the initial level and the session low of sessions recorded at 80.40. Currently prices are in the mid range of the movement, was last seen at 80.47, while the local stock market there is still showing mixed movements with a negative signal, with the Nikkei index is still moving down 0.33%, though still above the level of 9000.

"Graph per hour", said Valeria Bednarik, Chief Analyst at FXstreet, "shows the indicator SMA-100 were met with SMA-200, although some indicators represent the wrong side now, still in the middle price. In the 4-hour chart, technical readings also gave a saturated, although prices held near the height ", notes the analyst. He also went on: "in general is still bullish signal for the yen to rise in the surviving signal for the yen. Recent support in DMA-200, which hold the movement down a few times in the last week, today is about 79.60 ", concludes Bednarik.

Analysts said that the range of support that will be recorded at 80.30, 80.10 and 79.70. While the range of 80.60 resistance will be recorded, 81.00 and 80.45.


Euro Failure to Close Gap Weak Opening

The euro is currently at 1.2828, still fails to address the gap that has opened weaker early Asia-Pacific trading session, just two days before the U.S. presidential election. The euro has weakened more than 1.6% of the value of the weekly opening Monday. When Valeria Bednarik notes: "hourly chart shows the bearish momentum is still strong even though some indicators began to leave the oversold territory, while the 4-hour chart shows the trend of the movement down," the analyst said, adding: "Support strong, when broke 1.2800 , located on the 38.2% retracement at 1.2745 of bullish daily and high in June. There is a daily closing below it is expected to form a stronger selloff, and the 1.2610 level will likely happen this week. For the short term, the sale will be formed in the interest of previous support at 1.2880 area as an area of ​​resistance ", concluded Bednarik.

Range of support recorded at 1.2820, 1.2790 and 1.2745, while resistance will be recorded in the range 1.2840, 1.2880 and 1.2910.

U.S. Dollar Win Post-NFP

U.S. Dollar Berjaya Post-NFP.  The U.S. dollar managed to score the biggest weekly gain in more than three-month high against the yen after data showed the U.S. economy created more jobs than expected last month. 171,000 new jobs created in the U.S. during the month of October, which far exceeded expectations of 125,000 jobs growth. However, the U.S. unemployment rate still recorded a slight increase to 7.9%, according to predictions.

"Dollar Rally makes sense because the world's largest economy showed signs of recovery faster than other parts of the world," said .  Andrew Wilkinson, chief economic analyst at Miller Tabak & Co.. in New York. Yen continued to be in that pressure after some recent data and Japanese corporate earnings showed weakness. Moreover quarter economic output data 3rd the plan will be released on November 11 is also expected to contract.

Manufacturing Sector Contraction overload Euro

 The euro fell to a 3-week lows versus the U.S. dollar on Friday after data showed the U.S. economy created more jobs last month. The euro was also weighed down by data confirming the occurrence of a contraction in the manufacturing sector. Eurozone manufacturing index slipped to 45.4 in October from 46.1 in the previous month, according to Markit Economics in London. The downward break the recovery of the manufacturing sector are shown in the previous 2 months.

The euro is still burdened by a Greek court on Thursday, stating that the pension reform required by international creditors may be unconstitutional. Thereby triggering anxiety about applying step austerity measures needed to secure reimbursement Athens next bailout.


Failed to Save the Sterling Construction Data

 Pound sharply lower against the greenback on Friday after U.S. jobs data boosted the outlook for the world's biggest economy. But Sterling is still able to continue dominance against the Euro, helped by the UK construction data were better than expected. UK construction PMI expanded again in October with a rise to 50.9, although the company remains cautious on future growth. Some recent UK economic data has supported the positive optimism over economic recovery.

To further focus of investors will be drawn to the data of the dominant services sector PMI on Monday. Market participants will also be looking forward to the BoE rate decision on Thursday, which policy makers will also decide whether to add to its asset purchase program worth £ 375 billion, or not.

Dollar Gains Ahead of U.S. Data - Fundamental Forx News Of Today

Dollar Gains Ahead of U.S. Data. The dollar rose against most major currencies after U.S. data fanned estimated employment figures today showing a recovery in the largest economy in the world. Yen extends reprieve against most major currencies as signs of weakening Japanese economy and coupled with disappointing results on Japanese corporate earnings spurred speculation the Bank of Japan will add to monetary easing.

"If we get very good data from the U.S., we will see investors hunt for dollars, as the U.S. dollar will strengthen" said Sue Ann Lee, an economist at United Overseas Bank Ltd.. in Singapore. "When we get the data very bad and some things not so well, usually dollar for dollar was also supported safe-haven currency."


Comment Swan injures Aussie


Aussie weakened at the London session, pressured by comments from Australian Treasurer Wayne Swan are back many hopes of RBA monetary easing at a meeting next week. "Australia's financial assets have now become part of the global portfolio allocation. This has encouraged the flow of foreign funds into Australia so as to encourage the strengthening Australian dollar," said Swan. "With fiscal policy on a consolidated and controlled inflation the Australian economy still has room to get a lower interest rate."

Swan and several other ministers in the cabinet goverment has prompted the central bank to ease monetary policy to help the economy at a time when the government is trying to record a budget surplus. Reserve Bank of Australia has cut interest rates by 25 basis points at the October meeting. The latest survey also showed the RBA will cut rates again by 25 basis points to 3% at the meeting of 6 November.

Try Mute UK Construction Fall Sterling

Try Mute UK Construction Fall Sterling. Try to reduce attenuation after construction data provide hope for the continued momentum of the economic recovery of the UK. UK construction index rose to 50.9 for the month of October; higher than the previous estimate of 49.1 and 49.5 publications. GBP / USD is now trading 1.6100, try to stay away from daily lows 1.6079. The good economic indicator confirms the expectation that the UK must not be sunk back into recession. UK has emerged from recession in the third quarter after GDP data show economic growth of 1%. With continued momentum of economic recovery, the Bank of England will probably not provide additional monetary stimulus at a meeting next week.


Again, worry Giving Euro Bailout

Amid the shades of optimism, the single currency Euro actually appear depressed below the critical level of $ 1.3 down was even against the USD after it emerged that mention Greek court ruled that pension reforms required by international creditors may be unconstitutional. It is feared to threaten the provision of aid funds (bailout) the next stage which is indispensable part of Greece. And the effect is, the news is finally brought a little selling pressure on the Euro, because in applying austerity measures seem to be increasingly difficult.

Previous Euro had appreciated by almost close to a $ 1.30 after some solid U.S. economic data boosted stock prices and risk appetite. But eventually eroded and finally trapped in a narrow range in the range of $ 1.2930an.


Action Selling Try Move Position Aussie at 1:04

Session buying interest in Asia in 1410 the number was little changed, with the Aussie who tried to test the level below which happen 1:04 when the price reaches new high at 1.0418 1-month. Movement down, potentially forming pin bar in the closing movement of 4 days in New York, following a data producer price index in Australia fell to 0.6% in the third quarter to 1.2% for the estimate and the reason for some traders to push prices RBA expectations related which will cut interest rates next week.

By Sean Lee from FXWW, the dealer said that the action of the stop will be above 1.0415 which may not be too large and may be trimmed by up selling at 1.0420/25 ". If the price continues to strengthen in the next few sessions, strong resistance is at 1.0445 (61.8% Fibonacci retracement of the fall appears 1.0629/1.0149), the upward movement following the record price for a new target in 1:05. For the movement of falling, a sell would reduce the pressure to bring prices back below 1.0389, if the price reached 1.0350.

Australia Producer Price Index Of Missed Expectations

Australia Producer Price Index Of Missed Expectations. Australia's producer prices data showed a gain of just 0.6% have in the third quarter of 2012 from the second quarter and up 1.1% from last year, according to Australian Bureau of Statistics today (02/11). Economists predict a rise 1.0% per quarter and 1.6% per year.

The increase in the index in the third quarter due to the high cost of electricity, gas and water and sewerage services and water channels. Some of the prices of agricultural products also reported a sharp rise during this period. Price increases were offset by lower fuel prices and drugs, according to the bureau statistok. The fall in fuel costs associated with the strengthening of the Australian dollar against the currencies of its trading relationships.


Jobs Data Improves chance

Data from the National Federation of Independent Business usually give you a bad economy. But a relatively small business group estimated last month measurements will improve. Changes in the average employment data per company will reach 0:02 before workers from -0.23 in September. End of October showed a reduction in employment for 4 months. Data from NFIB along with other reports, such as ADP and ISM, indicates that the labor market will improve in October than in September.

Melaba, China Shares Greet Party Congress

China Shares opened higher following the rally on Wall Street, but gains limited investor concerns ahead of the 18th party congress next week. Resistance level near Shanghai Composite index in 2150, after yesterday (01/11) closed up 1.7% at 2104.43.

"Although some economic indicators show a rise, investors still need more signals of economic stabilization," said Li Xiaoxuan, analyst at Shenyin Wanguo Securities. Official figures showed China's manufacturing activity expansion in October after contracting for two months. The Shenzhen Composite Index closed up 1.9% to 860.45.

Expect surprise U.S. data, euro 1.2940 Lean On - Fundamental forex news of today

Expect surprise U.S. data, euro 1.2940 Lean On. After moving the rally in the European session and removing reinforcement in early U.S. session, the euro traded steady current in a narrow range of 1.2930 and 1.2945. Is this just a quiet movement toward a strong movement in the market today? Risk sentiment seems to be anticipated ahead of U.S. jobs report today. Earlier in Europe, the euro moved up to 1.2982 after the employment data related to employment data raised risk appetite, but failed to consolidate and move down amid news that the cuts in funding pension reforms demanded by the Troika on Greece to secure funding is still not official .

In the short term, the market will probably be looking forward to some movement for the current session, "the 1.2880/1.2950 area as the range", said Valeria Bednarik, Chief Analyst at FXstreet.com. "The observation of short-term technical have turned neutral despite the negative lead as the price stays below the 20 SMA and indicators are under priced middle".

Euro Losing prices

Performance of the single European currency looks weak since Thursday (01/11), the euro is currently moving in the range of 1.2938-1.2950 ahead of key data U.S. Non Farm Payrolls at 19:30 pm. Ppoin currencies are under level 10 when the market opened yesterday, its weakest level this time. Currently the euro at 1.2938, up from a lower New York at 1.2928. "During this session exchange moves will be in the range 1.2880-1.2950, ​​obviously Valeria Bednarik, chief analyst at Fxstreet.com. "Judging from the short-term technical charts, price movement back negative and neutral, though still under the SMA 20 with the indicator moves below the trend midlines," he explained. "In the 4 hours chart, currency movements also look neutral."

Euro support levels at 1.2920, 1.2880, and 1.2840, while resistance levels at 1.2980 and 1.3020.

Sustainability worry about Greek Euro Reform
Euro slips versus dollar on Thursday after a Greek court to decide if the pension reforms required by international creditors may be unconstitutional. It threatens the next stage grants indispensable Athens. The Court of Auditors, which is in charge of analyzing the bill before it goes to parliament, said that measures such as increasing the retirement age by 2 years to 67 years and reduce the pension fund between 5% -10% can be contrary to the constitution.

"It brings a little selling pressure on the euro," said Fabian Eliasson, vice president of currency sales at Mizuho Corporate Bank in New York. "The efforts of the implementation of austerity measures seem to be more difficult." Previous Euro had appreciated to nearly $ 1.30 after some solid U.S. economic data boosted stock prices and risk appetite.

Yen Potentially Touch 81.00 - Fundamental Forex News os Today

Yen Potentially Touch 81.00. The yen may be moving up in the short term to 81.00, said Osamu Takashima, a currency strategist at Citibank Japan in a note. 'Global stock markets, including Europe, the U.S. and China, moving up ", he said. "Commodities, including crude oil, it still shows a downfall signal". "While the big investment funds will probably do some profit-taking from a sell near the high Yen is currently at 80.83 and the high in June at 80.63, where the demand has moved to sell," he said again. The yen is currently at 80.26.
Yen Stuck Below 80.20

In less than 1 hour ahead of the BoJ and data monetary Japan, S & P 500 closed with a gain as much as 1.09% on Thursday and the Nikkei index closed slightly below 8950, rising by 0.27%, the yen is 80.17, little changed from 8 hours. "Hourly graphs show some indicators rebound from the middle price, and prices held above MA movement that supports the movement up", said Valeria Bednarik, Chief Analyst at FXstreet.com, who later said: "although upward movement still relies on U.S. jobs data: where an existing report may provide reinforcement for the recovery Yen, with 79.20/40 area under observation ". Range of support will be recorded in 80.10, 79.70 and 79.40. While the range of 80.30 resistance will be recorded, 80.60 and 81.00.


Print 1 Month High; Aussie Translucent Above 1:04

With the release of PPI figures for the third quarter and the focus turned to the RBA's decision next week, the Aussie moves up to number 1.0412 against the USD, after the end of the trading session and one week high at 1.0419 recorded. "Strong bullish signal for the short term is still seen in the hourly chart, current price as suppress the resistance level 1.0410 and the range of height: the strengthening of stability will be seen as the price approached 1.0500 in the coming sessions", said Valeria Bednarik, Chief Analyst at FXstreet . com, adding: "If risk appetite remains strong and the U.S. data does not disappoint".


For the longer term, "the movement per 4 hour chart, a bullish signal light is still there, although technical readings are still in neutral zone", said Bednarik and explained: "fall below 1.0360 will reject any further strengthening opportunities and demonstrate the range near 1.0300 ". Analysts noted the range support at 1.0380, 1.0350 and 1.0330. With a range of resistance at 1.0410, 1.0445 and 1.0480.

Euro Shows Weakening Below 1.2950

The weak performance of the euro yesterday, the last flat yesterday for this week at 1.2945, occurs ahead of important data today in the form of NFP. Euro moves down 10 pips from the opening of the Asian session yesterday, the weakest time, a little recovered from the low in the New York session at 1.2928 figure, while the daily high stands at 1.2980. "With the expectation of movement in the current session, the range of 1.2880/1.2950 may arise", said Valeria Bednarik, Chief Analyst at FXstreet.com. "Short-term technical readings turned neutral although still negative when the price still under-20 SMA and indicators under the middle price," according to the analyst noted; repeated failures that are slowly eroding strengthening buying interest, showing that the Euro is still in a bearish run medium in a few days, the big happening this weekend ahead of the 1.2880 figure below ". Valeria noted the range support at 1.2920, 1.2880 and 1.2840. While the range of 1.2950 support will be recorded in, 1.2980 and 1.3020.

Spain-Greece Euro Still Limit Appreciation - Fundamental Forex News Of Today

Spain-Greece Euro Still Limit Appreciation. Until well into the European trading session (Thursday, 01/11) single currency Euro seems difficult to penetrate to the level of $ 1.3 important because investors are still overshadowed by worries about Spain and Greece uncertainties continue to restrict any appreciation of the product riskier assets. Even European economic data weighed on investor sentiment again today after data eurozone unemployment hit a record high 11.6%, while Greece and Spain both are above the level of 25%. Market concerns the world economy come sticking again after this morning Australian manufacturing activity and activities of American business overnight, shrinkage.

Investors' focus has now shifted to the U.S. jobs report for October (Non-farm payrolls), which according to the U.S. Department of Labor will still be released on next Friday (02/11), and the expectations will be improved from the previous month. Euro seems depressed in the range of $ 1.2944, having only reached a high of $ 1.2970 level today.


Euro Will Return In the range 1.2475 - 1.2740 - ANZ


Euro intercepted selling at 1.3020 in the European session numbers before, only to wipe out the entire gain upon closing the U.S. session, with the return movement of the time of the London session, when no solution found for Greek Euro hit back. Today, after moving steady, euro found some support in the Asian session, currently at 1.2968 from 1.2955 earlier in the session opening.

"Failure of Euro to re-test 1.3150 area (the range for 2 years at 38.2% Retracement) peak confirms an upward movement early. This should still be in the context of the downward correction in the July low at 1.2060. The euro should now move to 1.2475 (61.8% retracement) - 1.2740 (38.2%) area (50% retracement at 1.2605-10 numbers) over the next few weeks towards the rising movement in the area of ​​1.3150 - 1.3500 in the year 2013 ". Added Riddle: "closing below 1.2865 (support increases light) should trigger the next retracement to the 1.2740 area at least. The increase (rebound) sharply above 1.3020 is needed to reduce the bias current for a deeper retracement area. "


Euro Will Discover Interests Above 1.2950 Buy


After testing again yesterday highly for 7 days at 1.3019 during the London session, over 50% Fibonacci numbers 1.3140/1.2880, Euro still has not stopped moving up and moving flat today as it did yesterday, last seen at 1.2966. The euro rose for the week at 0.21%, a few minutes ahead of manufacturing data from China.

Valeria Bednarik says: "for the short term, the euro turned bearish for the short term when it opened the Asian session, at a price below 20 SMA and indicators moved into negative territory." He also noted that the movement in the 4-hour chart has turned flat in the positive area, without any further direction Verifiers. But there it follows his partner exchange, which will bring the Euro risk aversion move down today, where 1.2880 would be seen ", concluded Bednarik. Support range: 1.2950, ​​1.2920 and 1.2880. Resistance at 1.2980, 1.3020 and 1.3045.