InstaForex

Your forexlive.com ENewsletter

Friday, February 1, 2013

Your forexlive.com ENewsletter

Link to ForexLive

Eurozone January CPI estimated 2.0% y/y after 2.2% in December

Posted: 01 Feb 2013 02:03 AM PST

Below consensus of 2.2%

Eurozone unemployment unchanged at 11.7%

EUR/GBP rally accelerates, important technical resistance looms

Posted: 01 Feb 2013 01:37 AM PST

The cross has spiked to .8630.

We have long-term trend resistance kicking in around .8631.

Talk of sell orders clustered .8630/40.  Guess those are the brave souls who think we’re gonna top out at this level.

UPDATE:   Talk of .8650 barrier option interest.  ‘Barrier’ is becoming a bit of a dirty word.  I like speed bump much betta ;)

UK Jan Mfg PMI falls to 50.8 from a revised 51.2 in Dec

Posted: 01 Feb 2013 01:30 AM PST

Also below Reuters median of 51.0 ( Trust us to spoil the party….).

Mfg output rises to 54.2 in Jan from 53.4  in Dec, highest since Sept 2011   :)

AUD/USD hits the skids…

Posted: 01 Feb 2013 01:22 AM PST

But hopefully not too far  as i’ll get egg on my face on the latest poll.. ;)

Now heading for those bids i mentioned in the 1.0350/60 zone  which hopefully will shore up the pair before the 200 day MA at 1.0311.

The EUR/AUD really doing the damage now with a break up through the Dec 2011 highs with next target now the  1.3228 highs of Dec 2011 and then 1.3356 of 30 Nov 2011

AUD/USD’s 1.0365, cross at 1.3169

Woo Hoo!! Another poll success for Perfect Pete as we hit 1.3655

Posted: 01 Feb 2013 01:08 AM PST

Just glad I went along with him and Jamie ;) Congratulation to all of you who went for 1.3655 :)

 

Pop goes the weasel

Posted: 01 Feb 2013 01:02 AM PST

Latest speed bump at 1.3650 overcome……

In wake of improved German manufacturing PMI

Greek Jan Mfg PMI 41.7 from 41.4 in Dec

Posted: 01 Feb 2013 01:01 AM PST

Slight improvement on the previous month but still a ghastly number (41st month of contraction), and not helped by the  sharpest  fall  in new orders since the PMI survey started

German Jan final Mfg PMI 49.8 from a final 46.0 in Dec

Posted: 01 Feb 2013 12:59 AM PST

Also well above flash reading of 48.8 and hinting at a return to growth,  despite being an 11th consecutive month of contraction

Eurozone final Mfg PMI 47.9 , up from flash of 47.5 and December’s 46.1, Output index up to 48.7 from 48.0 flash and 46.0 in Dec.

French Jan Final Mfg PMI falls to 42.9 from 44.6 in Dec

Posted: 01 Feb 2013 12:50 AM PST

:(  a 4 month low but unchanged from flash reading

China Q4 C/A surplus $65.8 bln

Posted: 01 Feb 2013 12:48 AM PST

2012  C/A surplus $213.8 bln

Q4 Capital and financial deficit $31.8 bln, 2012  deficit  $117.3 bln,

 

Carney awaited as BOE inertia danger looms in recession battle

Posted: 01 Feb 2013 12:48 AM PST

Italian Jan Mfg PMI rises to 47.8 from 46.7 in Dec

Posted: 01 Feb 2013 12:44 AM PST

That’s the highest since March 2012,

PMI output rose to 49.1 from 46.0 in Dec

Swiss January PMI 52.5

Posted: 01 Feb 2013 12:34 AM PST

Better than Reuters’ median forecast of 50.5.

In Spain, bonds’ vicious cycle turns virtuous

Posted: 01 Feb 2013 12:23 AM PST

Spanish Jan Manufacturing PMI rises to 46.1

Posted: 01 Feb 2013 12:13 AM PST

Up from 44.6 in December, and above expectations of 45.5, but the 21st consecutive month of  contraction

January new orders index rises to 46.2 from 44.2 in December

Option expiries (updated)

Posted: 01 Feb 2013 12:08 AM PST

For the 1000 NY/1500 GMT cut:

EUR/USD: 1.3500

USD/JPY: 90.00 (L), 90.50, 90.85, 91.00, 91.50, 92.00

AUD/USD: 1.0445, 1.0500

GBP/USD: 1.6000

EUR/CHF: 1.2475

GBP/USD running out of gas ahead of the 200 day MA ?

Posted: 31 Jan 2013 11:21 PM PST

1.5878 has been the high and that’s just short of the 200 day MA at 1.5894. At least its behaving as Gerry told it to yesterday…!

Offers lie in the 1.5880/00 bracket with buy stops just above. Support now rises to 1.5845/55 and there are reports of sell stops below through 1.5840 ahead of next tranche of bids down at 1.5800/10 and 1.5775/85 (1.5783 tenkan line)

Cable’s trading around 1.5875

There’s only one Jamie Coleman!!

Posted: 31 Jan 2013 11:15 PM PST

Thank goodness, one is more than enough ;)

It’s not often I praise other forex analysts, but credit where credit is due.

He has been on absolute fire lately.

EUR/USD ticking higher in early European trade, presently at 1.3635.

Latest speed bumps (I mean barrier options) come at 1.3650, 1.3675 and 1.3700.

 

AUD/USD under pressure again

Posted: 31 Jan 2013 11:04 PM PST

Mostly from the crosses  and weaker data released overnight..

AUD/NZD has been hammered down to  1.2350 from 1.2425 on the back of comments from RBNZ’s Wheeler and EUR/AUD continues to climb in tandem with the EUR/USD to highs of 1.3125 from 1.3120 before easing off…

The move lower in AUD/NZD marks a break through 1.2360 lows seen at the start of last October, with next notable support down at 1.2302 (Aug 2011 low).  EUR/AUD resistance is now seen int the 1.3140/60 area (Dec 2011 highs)

On the flipside some support is being gleamed from AUD/JPY as the ongoing broad yen weakness prevails but the pair has so far hit a wall just ahead of a barrier at 96.00 and tech res at 96.43 (Aug 18 2008 high).

AUD/USD bids remain in the 1.0380/90 bracket with sell stops just below ahead of exporters bids down at 1.0350/60. Sell stops lie  below ahead of tech support at the 200 day MA currently at 1.0311. Offers remain in the 1.0435/50 zone ( 1.0451 NY High) with stronger just above towards 1.0470.

AUD/USD currently trades around 1.0400

AUD/USD poll!!

Posted: 31 Jan 2013 11:03 PM PST

For Dok…

Does anyone still trade straight AUD/USD ;)

Sit at 1.0400.

What’ll we see first, 1.0300 or 1.0500?

Bet Pete and I don’t agree on this one ;)

Reason/s for choice much appreciated but not obligatory…


at 6:07 PM

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)