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.

Yen (Return) Short Level Pre-BoJ

Yen (Return) Short Level Pre-BoJ. Yen restore levels fall after BOJ steps in high numbers yesterday at 79.96, which is now again following movements in figure 79.82. The yen moved up 0.25% for the week, finding support at the 200-Day SMA, 79.50 points lower yesterday. Valeria Bednarik, Chief Analyst at FXstreet.com notes: "chart movements per hour to maintain prices above the SMA-200 and 100 which form the support area at 79.70; within the same timeframe, the potential loss of bullish indicators but remained in the positive area, while the graph per 4 hours still looks the same, with a short-term bullish signal begins to lose momentum, "said Valeria. He predicted: "79.40/80.10 is the range for the first day of the month (November) is" the analysts recommended.

Bednarik said that support will be recorded in the range of 79.70, 79.40 and 79.10. While the range of resistance were 80.05, 80.30 and 80.60.

Oil edged up after the storm sandy

U.S. crude oil prices scored only a slight increase on Wednesday as post-prepared for the potential disruption of fuel supply for the long term in the second largest refinery in the East Coast after the storm Sandy on the Jersey shore. The market focused on tightening fuel supplies East Coast as much as 238,000 barrels per day refinery may face Phillips 66 Linden, New Jersey, after Sandy jarring disconnect power and flooded some low-lying areas. The company on Wednesday said that the workers had returned, but found not predict when it will reopen.

Traders still predicts a decrease in the level of demand as the distribution is lost in the storm plus the already tight regional supply and supply disruptions. "I think there is a lot of action and speculation of hedge funds impact damage from Sandy," said Richard Ilczyszyn, chief market strategist and founder iitrader.com LLC (ex MF Global) in Chicago.

Visa Shares Trading Post Gains

Visa Inc. shares moved higher after the payment of the company's network posted an adjusted earnings were better than expected and announced a share repurchase program. Visa said that fourth-quarter earnings still out at income tax $ 1.54 per share. Analysts surveyed by FactSet had forecast the stock price of $ 1.50 per share. Total operating income rose 15% to $ 2.7 billion from the previous year, and the payments grew by 6%. Visa shares rose 1.7% to $ 141.10 ahead of the close of trading.

Visa posted a profit of $ 1.7 billion, or $ 2.47 per share, from $ 880 million or equivalent to $ 1.27 per share, a year earlier. For the 2013 financial year running, Visa said that revenue will grow by 10% to 13% over 2012, while the shares of class A will experience revenue growth of 17% to 19%. Visa also announced a share repurchase program worth $ 1.5 billion class A shares that will be conducted during the month of October 2013.

Euro Stranded Near 1.2960; Potential Failure of Greece

Euro Stranded Near 1.2960; Potential Failure of Greece. Upon reaching the area of ​​1.3020, Euro turns down and move to follow movement up as risk appetite failed to bring the stock to a negative area. Chicago PMI data were weaker than expected, and reports that Greece may not receive assistance from the Troika burden Euro. However, the Euro managed to find buying at 1.2955 level and survive in small areas during the U.S. session. Currently, the euro was trading at 1.2960/65 area, where the Euro looks almost unchanged since opening. For the level of technical, nearest support seen at 1.2945 for the Euro, 1.2900 and 1.2880. While the range of resistance might be found at 1.3000, 1.3020 and 1.3075.

Aussie Detained Under Around 1:04

Aussie currently at 1.0375, is in ascending triangular pattern that has occurred since last Thursday, with prices in the area of ​​1.04, which is also a high yesterday. Euro still looks flat from the opening session of Asia Pacific yesterday, and is still flat on weekly, recovering from its low of 1.0325 on Monday at the numbers. Even important for the Aussie these days is or Manufacturing PMI, followed by HSBC PMI Final.

According to Valeria Bednarik, Chief Analyst at Fxstreet.com: "movements per hour chart shows price below 20 SMA and indicators moving towards negative area", said the analyst, and he continued: "which indicates that momentum is not enough nowadays. Within 4 hours of technical movement movement is still flat, barely positive. Supervise penetration below 1.0350 to see any pressure, ready to experience the daily bearish signal, "concluded Valeria. Analysts are finding support at around 1.0350, 1.0330 and 1.0300. While the range of resistance are 1.0380, 1.0410 and 1.0445.