Forex News
EU’s Juncker warns on Euro strength
Euro attempted to recover earlier today after ECB governing council member Nowotny, also head of Austrian central bank, said that current Euro exchange rate it’s not a major concern to him.
USD/JPY – possible shooting star but support at 88.43/34
Sentiment extremes over the last month have failed to usher the pullback we proposed and again this week’s wedge in USDJPY led to another strong rally.
Little news in US payrolls or unemployment, but encouraging gains in hours and wages
The main components of the December employment report met broadly with our and consensus forecasts – payrolls rose 155k, close to expectations (Barclays: 150k, consensus: 152k) with net revisions adding 14k additional jobs.
Dollar Steady after NFP
USD is relatively steady in early US session after release of slightly better than expected employment data.
GBP/USD Analysis
Closed in NY Friday at $1.6160, the rate having bounced off earlier lows of $1.6079 and extended recovery efforts despite continued worries over the Fiscal Cliff.
UBS Morning Adviser Europe
Italian Woes Resurface The Eurozone’s political scene was thrown into uncertainty over the weekend as Italian Prime Minister Mario Monti announced that he would resign as soon as the budget was passed.
FX Techs
At a glance: On hold EUR/USD also remained within a tight range yesterday which keeps the downside open for a straight extension to 1.2639 (daily breakout line), to 1.2542 (Fib.-projection) and ultimately to the key-T-junction at 1.2309 (int. 76.4 %). Only a break above 1.2806/17 (minor 38.2 %/200 DMA) would ease the down-pressure.
FX Daily Strategist: Europe
– Greece needs extra financing… hardly a surprise Greece’s international lenders have agreed to grant the country two more years to make the cuts demanded of it but the euro zone and IMF clashed over a longer-term target date to shrink the country’s debt pile.
Asian Currencies Technicals
AUD/USD: Ends Session Looking Heavy. AUD/USD is looking a little heavy with an increased likelihood of a dip back towards layers of support in the $1.0330-50 region with the 21-, 100- ($1.0351) & 200-DMA’s ($1.0333) clustered in this region as well as a double daily bottom ($1.0332-34).
UBS Morning Adviser America
Clouds Gather Before Decisions The news-flow from the Eurozone has failed to lift market spirits though risk appetite has stabilized as key bourses ended the morning session marginally in positive territory.
Election upon us – what to look for tonight
The odds-makers are apparently already paying out bets placed on an Obama win, as it may be down to margins of victory in the House and the Senate results that prove the real points of interest tonight.
Asia Today: AUD perks up as RBA leaves rates unchanged
ll eyes in Asia were firmly fixed on the RBA rate announcement (and maybe Australian eyes also on the Melbourne Cup horse race 30 minutes later!).