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Usd/jpyTitle:
Asian Market Update : 25/05/2012
Monti thinks Greece will remain in the EU; China slowdown fears return to front and center
Economic Data
(JP) JAPAN APR NATIONAL CPI Y/Y: 0.4% V 0.4%E; NATIONAL CORE CPI Y/Y: 0.2% V 0.1%E; TOKYO MAY CPI Y/Y: -0.5% V -0.3%E; TOKYO CORE CPI Y/Y: -0.8% V -0.5%E (20-month low)
(KR) SOUTH KOREA MAY CONSUMER CONFIDENCE: 105 V 104 PRIOR (15-month high)
(SG) SINGAPORE APR INDUSTRIAL PRODUCTION M/M: -3.5% V +0.6%E; Y/Y: -0.3% V +4.1%E
(TH) THAILAND APR CUSTOMS TRADE BALANCE: -$2.9B V -$2.9BE
(PH) PHILIPPINES MAR TRADE BALANCE: -$1.05B V -$562M PRIOR; TOTAL IMPORTS: $5.4B V $4.99B PRIOR
Markets Snapshot (as of 05:00GMT)
Nikkei225 +0.1%
S&P/ASX -0.4%
Kospi +0.6%
Singapore Straits Times Index -0.3%
Shanghai Composite -0.4%
Hang Seng -0.3%
June S&P Futures -0.2% at 1,320
June gold -0.3% $ ...
Title:
Japanese yen declines against majors at the end of the week
The Japanese yen fell against the dollar and major currencies today at the end of the week’s session after the CPI missed expectations and remained below the BOJ’s inflation target which raised worries especially from deflation bubble.
USD/JPY pair inclined to record a high of 79.82 after a low of 79.52, where the pair is currently trading at 79.70 after opening at 79.58.
The Euro is hovering around its lowest this week which amid continued concerns about sovereign debt crisis in Europe, especially after the failure of European leaders in talks to set out the decision.
EUR/USD pair recorded low of 1.2515 after reaching a high of 1.2552 after opening at 1.2532.
AUD/USD pair fell today to record a low of 0.9724 after a high of 0.7983 and started the session at 0.9761. The NZD/USD pair ...
Title:
Dollar continues on gaining power
Today throughout the U.S session mixed sentiments; fears and hopes, were spread on a local scale with on one hand orders for business equipment dropped for a second month and on the other hand Hewlett-Packard Co. gained significantly.
Plus today`s German manufacturing data came out gloomy and showed weakened industry and production conditions while that China attested out that some of its biggest banks may fall short of loan targets.
Accordingly on a daily scale we watched the euro fall to its weakest level against the dollar since July 2010 and the Dollar index which measures the performance of the U.S. dollar against a basket of currencies including the Euro, the Pound, and the Yen, rose on multiple time charts to currently trade at 82.28 recording its highest level at 82.36 and its ...
Title:
Dukascopy Afternoon Forex Overview : 24/05/2012
Fundamental Analysis
EUR
European stocks returned to growth, despite services and manufacturing purchasing managers indices across Europe and German business confidence shrank more than expected. The Stoxx Europe 600 Index added 1.0 percent to 241.81. Cable & Wireless Communications Plc soared 19 percent. Sonova Holding AG gained 2.5 percent. Bayer AG declined 1.1 percent. U.S. futures and Asian stock little changed. S&P 500 futures gained 0.3 percent, MSCI Asia Pacific index added 0.1 percent.
USD
The US Dollar followed bullish trend on Thursday as Germany disapproves issuance of Eurobonds that may help to ease Greek debt burden. Traders are also cautions ahead of Euro Zone's manufacturing data release due later today. The US Dollar index, which tracks the greenback's performance ...
Title:
USD/JPY Daily technical analysis - May 2012
The pair USD/JPY has broken at the end of April the support at 80, showing a return of the bearish trend. During May, the bearish movement has continued. Currently, the fibonacci retracement 61.80ù at 79.13 is acting as support.
The trend will remain bearish as far as 81.60 is resistance. The breakout of 79.13 will give a new sell signal and open the way towards the major support at 78.30. Next supports are at 77.50 and 76.63.
In case of return above 81.60, the trend will be neutral between this level and 83 (level of the long term bearish slant). Only the breakout of this last level will show a return of the bullish trend.
Previous USD/JPY Daily Analysis - April 2012
Title:
Better Data Boosts Risk Appetite, Sending US Dollar Lower
US dollar is moving lower right now, thanks to improved risk appetite. Most of that risk appetite is coming from enthusiasm over better data in the United States. Improvements to the US economy are helping high beta currencies, even after continued disappointment in Europe and China.
Good news in the United States is providing a boost to high beta currencies, and sending the US dollar lower, as risk appetite returns to the markets. Jobless claims in the United States fell to 370,000 last week, dropping by 2,000. Additionally, there was a rise in US durable good orders of 0.2% for April. This good news is providing some relief from all of the bad news coming out of Europe.
The sovereign debt crisis continues to dominate in the eurozone as European Union leaders look for a way for Greece ...
Title:
EUR/USD Cedes The 1.2624 Support
Sunrise Market Commentary
- Fixed Income: Risk off pushes German bond yields to new lows
- Risk off sentiment pushed core bonds higher and non-core bond yield spreads re-widened substantially. The Summit didn't bring new information, but another hole found in Spain's regions' budgets might get attention today.
- Currencies EUR/USD cedes the 1.2624 support
- On Wednesday, the EMU debt crisis was again omnipresent. Markets feared that the EU leaders wouldn't be able to take decisive action to address the debt crisis. Extreme risk aversion pushed EUR/USD to a new low for 2012. The losses of EUR/GBP were more contained, as poor UK retail sales and rather soft BoE minutes kept the door open for more policy stimulation.
The Sunrise Headlines
- In the final hour of trading, US ...
Title:
EUR/USD breaches the 1,26 level
MORNING BRIEFING: EUR/USD breaches the 1,26 level
What’s new:
Equity: Asian and US equities remain pressured on Greece and softer Chinese HSBC flash PMI
Eurozone: The EU summit wants Greece to stay but no tangible measures as yet
Forex: EUR/USD below key support at 1.2650; 1.25 is now eyed
Rates in Asia and Indices:
EUR/USD 1.2555 1.2599 0.01 %
USD/CHF 0.9533 0.9566 0.03 %
GBP/USD 1.5668 1.5701 -0.03 %
USD/JPY 79.41 79.57 -0.02 %
EUR/CHF 1.2009 1.20117 0.00 %
EUR/JPY 99.72 100.18 -0.04 %
Dow Jones 12311.56 12508.3 -0.05 %
Nasdaq 2499.3 2553.19 0.31 %
S&P 500 1296.53 1320.71 0. ...
Title:
Dukascopy Morning Forex Overview : 24/05/2012
Fundamental Analysis
EUR
Concern about Greece "is a big weight on the market and makes things uncertain"
- Emmanuel Soupre, a fund manager at Neuflize Private Assets
European stocks tumbled on Wednesday, after rising by the most in a month on Tuesday, on speculation Greece may exit the euro zone.
USD
"It’s very clear now that the housing market has turned a corner"
- Richard DeKaser, deputy chief economist at Parthenon Group LLC
Sales of new U.S. homes rose by more than expected in April, Commerce Department data showed on Wednesday. Purchases increased to an annual rate of 343,000, up by 3.3 per cent from a revised 332,000 in March.
GBP
" employment remains fragile and wage growth weak"
- Ross Walker, chief U.K. economist at Royal Bank of Scotland Group
U.K. retails sales declined by ...
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