- USDJPY tests 100 day MA at the 77.17 level
- GBPUSD also at weeks midpoint
- EURUSD tests midpoint of weeks range at 1.2969
- Spain Budget Deficit in 2011 Estimated 8% of GDP
- The NY Opening Review and Preview for December 30th 2011
- Bobbys Corner-Open Market-December.30.2011
- UK Nationwide HPI
- usd/cnh testing resistance.
- USD/HKD looking to make a full hourly retracement
- USD/CNH testing support @ 6.3381
- China HSBC final manufacturing PMI 48.7 vs 49.0 prior.
- Aussie private sector credit 0.3% as expected.
- South Korean CPI
- The NY End of Day Review and Preview for December 29th 2011
- EURUSD scoots sharply higher. No news as far as I can see.
Posted: 30 Dec 2011 07:02 AM PST
Posted: 30 Dec 2011 06:46 AM PST
The GBPUSD is also up. This pair is up sharply today and like the EURUSD tests the midpoint of the weeks trading rangee at the 1.5525 level. The 100 hour MA comes in at the 1.5542 level and this is the next upside target for the pair.
Looking at the daily chart for the pair, the GBPUSD has spent the last month of trading moving up and down. Yesterday the pair moved below the November/December low and failed to develop the expected momentum. When the price can not go down, it goes up and with liquidity conditions dried up, it has not taken much. In addition, the weaker housing data out the UK today failed to lead to a lower move. As a result, the squeeze is on.
Posted: 30 Dec 2011 06:43 AM PST
The midpoint of the weeks range is being tested at the 1.2969 level. Traders seem to be caught short and forcing the squeeze in the liquidity starved market. The 100 hour MA is still a distance away (blue line in the chart above) at the 1.3002 level. This along with the 61.8% of the weeks range at 1.2296 are the next upside targets for the pair.
Posted: 30 Dec 2011 05:45 AM PST
Spains government says to temporarily raise taxes.
Posted: 30 Dec 2011 05:24 AM PST
Posted: 30 Dec 2011 05:09 AM PST
The last day of trading for 2011 saw the Euro continue to stay weak. The euro fell below 100 JPY for the first time since 2001.
Asian equity markets were mixed-Europe is higher as are US Futures.
HAVE A HAPPY AND HEALTHY NEW YEAR
Posted: 29 Dec 2011 11:19 PM PST
UK Nationwide HPI m/m came in at -0.2%, weaker than the 0.2% expected.
Gbp/Usd resides at 1.5415 in very quiet trading.
Posted: 29 Dec 2011 07:57 PM PST
Posted: 29 Dec 2011 07:09 PM PST
Posted: 29 Dec 2011 07:01 PM PST
Posted: 29 Dec 2011 06:54 PM PST
Posted: 29 Dec 2011 04:35 PM PST
AUD firmer following the release.
Posted: 29 Dec 2011 03:03 PM PST
The South Korean Consumer Price Index came in a bit firmer than expected in December and the market had a muted reaction to the release.
Posted: 29 Dec 2011 12:23 PM PST
Posted: 29 Dec 2011 09:00 AM PST
The EURUSD just shot up with no news as far as I can see. The price has moved above the 1.2940/42 resistance and stops were ignited. Traders will be eyeing this level now for bias clues (down to 1.2936 = 38.2% of the leg higher). If the price can remain above this area, the upside can continue. IF the level gives way, there could be a sharp move back lower on the failed break.
The liquidity conditions remain light and this may be contributing to the action just seen. Risk is increased when liquidity conditions are low. The shorts in the market, just got an inkling of what could happen… quickly.
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