Monday, January 13, 2014
DAILY SUPPORT & RESISTANCE
The current support/resistance levels are:
EUR/USD: 1.3607, 1.3587, 1.3555 - 1.3729, 1.3749, 1.3781
USD/JPY: 102.61, 102.40, 102.05 - 103.85, 104.06, 104.41
GBP/USD: 1.6317, 1.6289, 1.6245 - 1.6473, 1.6501, 1.6545
USD/CHF: 0.8929, 0.8906, 0.8868 - 0.9069, 0.9092, 0.9130
USDJPY RISES
Signalgowin.com-The
Japanese yen weakened against the dollar, Japan's current account for November
showed a deficit of JPY593 billion, compared to a deficit of JPY128
billion in October; year-on-year bank lending in December rose 2.3% in
comparison to 2.2% earlier; USDJPY
traded up 0.21% at 103.22, AUDUSD traded down 0.20% at 0.9036, NZDUSD traded down 0.04% to 83.72.
The
U.S. dollar traded lower against major currencies, the U.S. economy added
74,000 jobs in December, the U.S. unemployment rate fell to 6.7% in December, the
Federal Reserve trims its USD75 billion monthly bond-buying program; Fed asset
purchases tend to weaken the dollar by suppressing long-term interest rates,
and expectations for further tapering of such ultra-loose policies; the dollar
index was up 0.01% at 80.62; the U.S. is to produce data on retail sales, data
on import prices and business inventories, Federal Reserve Bank of Philadelphia
President Charles Plosser and Dallas Fed President Richard Fisher will speak
today.
Sunday, January 12, 2014
CRUDE OIL GAINS, WEAK U.S. JOB DATA
Signalsgowin.com–Crude oil prices
rose after weaker-than-expected U.S. jobs data, the Federal Reserve will scale
down its bond-buying program.
Light sweet crude futures for
delivery in February rose 0.08% at USD93.02; Nymex oil futures tested support
at USD91.24/barrel and resistance at USD94.18/barrel.
The unemployment rate fell to a five-year low of 6.7%, the labor participation rate fell to an almost 35-year low of 62.8%.
The Fed was keen to stress that further reductions in stimulus, the central bank is scheduled to meet January 28-29 to review the economy and assess policy.
The dollar index declined 0.01% at 80.73, Dollar-denominated oil futures contracts tend to rise when the dollar falls, as this makes oil cheaper for buyers in other currencies.
Speculators sharply increased their net-short exposure to NYMEX crude futures. Money managers boosted their net short oil positions by 18,115 contracts to 52,674, reducing net long positions by 3,576 contracts to 293,342.
Brent oil futures for February delivery advanced 0.81% at USD107.25/barrel,
the February Brent contract inched up 0.20%, the spread between the Brent and the crude contracts stood at USD13.80 a barrel.
CENTRAL BANK INTEREST RATES
1. FED (Federal Reserve):
Interest rate: 0.00%-0.25%
Next meeting: 2014.01.29
2. ECB (European Central Bank):
Interest rate: 0.25%
Next meeting: 2014.02.06
3. BOE (Bank Of Englank):
Interest rate: 0.50%
Next meeting: 2014.02.06
4. SNB (Swiss National Bank):
Interest rate: 0.00%
Next meeting: 2014.03.20
5. RBA (Reverse Bank Of Australia):
Interest rate: 2.50%
Next meeting: 2014.02.14
6. BOC (Bank Of Canada):
Interest rate: 1.00%
Next meeting: 2014.01.22
7. RBNZ (Reserve Bank Of New Zea Land):
Interest rate: 2.50%
Next meeting: 2014.01.29
8. BOJ (Bank Of Japan):
Interest rate: 0.10%
Next meeting: 2014.01.22
AUD mixed USD
Signalsgowin.com–The Australian
dollar traded mixed against U.S. dollar after the rise in Australia’s housing
market demand was better than expected.
The new home
loans granted for owner-occupied homes rose by 1.1%.
The number of jobs showed a decline of 0.07% in December.
AUDUSD traded at 0.8989, down 0.08%; USDJPY traded at 104.01 down 0.16%; NZDUSD was down 0.22% at 0.8285; EURUSD rose to 1.3667, down 0.01%; USDCHF was down 0.02% at 0.9022; USDCAD rose 0.11% to 1.0905.
The U.S. dollar index was up at 80.75.
The number of jobs showed a decline of 0.07% in December.
AUDUSD traded at 0.8989, down 0.08%; USDJPY traded at 104.01 down 0.16%; NZDUSD was down 0.22% at 0.8285; EURUSD rose to 1.3667, down 0.01%; USDCHF was down 0.02% at 0.9022; USDCAD rose 0.11% to 1.0905.
The U.S. dollar index was up at 80.75.
GLOBAL CURRENCIES MARKET-WEEKLY OUTLOOK: JANUARY 13-17, 2014
signalsgowin.com-The dollar fell against the
other main currencies as the U.S. economy added 74,000 jobs in January, the
fewest jobs in three years, the Federal Reserve would cut its stimulus program,
by USD10 billion in December (reducing it to USD75 billion-a-month); the
unemployment rate fell 6.7% from 7% in November (a five year low).
EURUSD
rose to 1.3686, gained 0.29%.
USDJPY
fell to 103.95, gained 0.65%.
USDCHF
touched 0.9006, gained 0.49%.
Canada’s economy shed 45,900 jobs, the
unemployment rate rose to 7.2%, USDCAD rose 1.0945, gained 0.47%; speculators
have been aggressively shorting the Canadian dollar, gross shorts have risen to
91,000 contracts, up 4,915 from the previous week.
Net long Euro positions were cut in half, falling
from 30,600 contracts to 14,500.
The net short Yen position of 129,000 contracts
is the smallest since late November.
In the coming days investors are to watch U.S.
data on retail sales, inflation, consumer sentiment and speeches by Federal
Reserve Bank of Philadelphia President Charles Plosser and Dallas Fed President
Richard Fisher on Tuesday, U.K. data on retail sales and inflation will also be
in focus.
2014.01.13, Monday:
. Australia is to publish data of new home loans granted.
. The Bank of Canada is to release its quarterly business outlook survey.
. New Zealand is to release private sector data on business confidence.
2014.01.14, Tuesday:
. Japan is to produce data on the current account.
. The U.K. is to release data on consumer price inflation.
. The Euro zone is to publish data on industrial production.
. The U.S. is to produce data on retail sales,
the government measure of consumer spending, and is to release data on import
prices, business inventories.
. Federal Reserve Bank of Philadelphia President
Charles Plosser and Dallas Fed President Richard Fisher are to speak.
2014.01.15, Wednesday:
. Australia is to publish data on new vehicle sales.
. Switzerland is to produce data on retail sales.
. The U.S. is to release data on producer price inflation, a report on
manufacturing activity in the New York region.
2014.01.16, Thursday:
. Japan is to release data on core machinery orders and tertiary industry
activity.
. Australia is to publish data on the change employed and the unemployment
rates.
. The Euro zone is to release data on consumer inflation.
. Spain is to hold an auction of 10-year sovereign bonds.
. Canada is to release data on foreign securities purchases.
. The U.S. is to publish reports on consumer
price inflation, initial jobless claims, data on manufacturing activity in
Philadelphia; Federal Reserve Chairman Ben Bernanke is to speak at an event in
Washington.
2014.01.17, Friday:
. Switzerland is to publish data on producer price inflation.
. The U.K. is to release data on retail sales.
. The U.S is to release data on building permits, housing starts and industrial production.
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