FXstreet.com: Technical: Technical Market View

EUR/USD: The pair finished the session higher

contact@talking-forex.com (Talking-Forex.com) — Thu, 09 Feb 2012 16:50:44 GMT

EUR/USD The pair finished the session higher following reports that Greek politicians have reached an austerity deal. In addition to that, although the ECB kept the benchmark borrowing rates unchanged at 1.00%, Draghi said that the governing council did not discuss rate change and that the stress in the financial markets has diminished due to monetary policy measures. As a result, the pair managed to climb back towards 1.3300 level, while EUR/GBP finished the session little changed at 0.8400.

The markets ended higher on Friday

info@financialmediagroup.net (Binary Option Strategy) — Thu, 09 Feb 2012 12:59:32 GMT

Markets The markets ended higher on Friday as employment numbers blue past expectatuins and other economic news also helped stocks see highs not seen since May 2008. The Dow rose 156.82 points to close at 12,862.23. This was the DJIA highest close in almost 3 and 1/2 years. The S&P 500 rose 1.46 percent, to finish at 1,344.90. The Nasdaq jumped 45.98 points to close at 2,905.66. It has not been this high since the tech bubble of 2000. DJIA CHART FOREX The Euro leaders are playing chicke

ECB Monetary Policy Meeting to Set Today's Trading Tone; S&P 500 Continues to Pressure 1350

info@spreadbetting.com (Spread Betting) — Thu, 09 Feb 2012 12:21:00 GMT

The Euro continues to press higher ahead of today’s ECB monetary policy meeting where most of the attention is going to be placed on the statements released at the press conference after the meeting. The extent to which the ECB will be involved in the final Greek debt swap agreement is the main issue, given that markets are not expecting any changes to the base interest rate in the Eurozone. Recent price activity in the Euro is indicative of a generally optimistic tone so it looks

The Asia/Pacific stock indexes closed mostly lower

education@cmegroup.com (CME Group) — Thu, 09 Feb 2012 12:03:09 GMT

The appetite for risk is selectively on the rise ahead of the US open, despite another Greek failure, which is the norm. Greek leaders failed again to agree on a reform and austerity program, so the Greek Finance Minister will go to the country's financial backers with an incomplete deal. As I have warned you repeatedly, Greece will not change its ways; consequently, the Greek game is to delay “negotiations” ad nauseum and then, when its creditors moved from revolted to incredulous to tired,

Brent crude posted yet another gains on Wednesday

piet.lammens@kbc.be (KBC Bank) — Thu, 09 Feb 2012 11:58:54 GMT

Crude Brent crude posted yet another gains on Wednesday and in late afternoon was seen just shy of 118 USD per barrel (USD/bbl). The situation in Iran has somehow calmed (although Iran’s stance towards EU embargo and the U.S. sanctions remains unclear) and this week’s rally was fuelled mainly by supply worries related to South Sudan and Nigeria. Let us remind that Nigeria is a major OPEC producer (about 2 million barrels per day) and South Sudan pumps about 350 thousand barrels of oil per day.

Overnight the Chinese inflation data surprised

jyskebank@jyskebank.dk (Jyske Bank) — Thu, 09 Feb 2012 11:50:24 GMT

Today will see two important interest-rate meetings. One at the Bank of England at 1 p.m. and one at the ECB at 1.45 p.m. We expect that both central banks will keep their rates unchanged at 0.5% (BoE) and 1% (ECB). The interesting at the meeting of the BoE will be whether the extent of the quantitative easing (QE2) will be increased. Jyske Bank’s macro economists expect that the BoE will increase it by further GBP 50bn. The market expects 50bn. Currently the risk is highest on the downside

Forex - Waiting on the BoE and ECB

support@ac-markets.com (Swissquote Bank SA) — Thu, 09 Feb 2012 11:03:15 GMT

Forex News and Events: Yesterday, FX traders spent much of the day waiting for news from Greece and today looks to be much the same. But while we wait, the general mood is risk-on. The equities continues to edge higher and US bond yields have reacted with a bearish run to the short term range highs. It’s clear by EURUSD price action that traders are scared of going short ahead of any Greek headline or today’s ECB rate decision. News flow helped risk firm and sent the EURUSD to new yearly highs

Currency Index & Volatility

info@dukascopy.com (Dukascopy Swiss FX Group) — Thu, 09 Feb 2012 09:17:10 GMT

USD For the period from Feb 1 to Feb 6 all the observed currencies including the American Dollar were stable, since their respective currency indices did not deviate by more than a per cent despite elevated volatility. Tuesday, however, stands out from the overall picture, bringing in significant changes to the market. On Feb 1 due to optimistic sentiment in the market regarding the Greek debt deal talks, the US Dollar depreciated. As a result, EUR/USD gained 160 pips within the day, while USD

Daily Forex Technical Overview

info@dukascopy.com (Dukascopy Swiss FX Group) — Thu, 09 Feb 2012 08:56:26 GMT

Technical Analysis EUR/USD “The market still appears to be very short euros as a speculative position, so that’s one of the reasons why it’s not going down” - Commonwealth Bank of Australia (based on Bloomberg) Industry outlook Most of the indicators suggest continuation of the bullish trend until EUR/USD reaches 1.3436 with potential of climbing as high as 1.3627. However, we cannot rule out a dip down to an initial support at 1.3108, since the pair is currently struggling at a 1.3250/80

Forex - USD/CHF, GBP/USD Flows: WSJ: Accord Near on Foreclosure Abuses; $26bln

analysis@fxmarketalerts.com (FXMarketAlerts) — Thu, 09 Feb 2012 08:01:47 GMT

Published at 07:00 (GMT) 09 Feb WSJ: Government officials are on the verge of an agreement worth as much as $26bn with five major banks, capping a yearlong push to settle federal and state probes of alleged foreclosure abuses by lenders. The deal would represent the largest government-industry settlement since a multistate deal with the tobacco industry in 1998. The agreement covers 5 banks: Ally Financial Inc., Bank of America Corp., Citigroup., J.P. Morgan Chase & Co., and Wells Fargo

Technical Major Currencies Report

support@ecpulse.com (ecPulse.com) — Thu, 09 Feb 2012 07:59:29 GMT

EUR/USD The pair has achieved one more daily closing above the initial resistance of 1.3225-1.3230 suggesting that the bullishness will continue over intraday basis. SMA 100 becomes a technical objective followed by the next key resistance around 1.3415 zones. Stochastic also remains positive reinforcing our constructive outlook. Only a break below 1.3125 will give us a reason for concern. The trading range for today is among key support at 1.3045 and key resistance at 1.3455. The general

Asia Rallies, West Awaits Greek Deal

info@financialmediagroup.net (Binary Option Strategy) — Thu, 09 Feb 2012 07:33:19 GMT

Equities Asian markets rallied on Wednesday, with several of the major indexes climbing to multi-month highs. The Nikkei advanced 1.1% to 91016, a 3 month high, as Toyota raised its annual profit forecast by more than 30%. Similarly, the Kospi posted a gain of 1.1%, with leading shipbuilders advancing 6% on hopes the sector will soon recover. The Shanghai Composite surged 2.4%, and the Hang Seng jumped 1.5% to 21018, a 6 month high. The ASX 200 trailed its peers, rising just .4%. Hang Seng

Forex - Chart USD/PHP Updates: Bears resumed decline

analysis@fxmarketalerts.com (FXMarketAlerts) — Thu, 09 Feb 2012 07:47:57 GMT

Published at 06:43 (GMT) 09 Feb 09 Feb USD/PHP Daily 06:44 GMT - Intraday trading failed to take out the 42.380 resistance and prices are sinking below the 42.21/14 supports easily, reviving the broader down-leg from 44.340 high towards next support at 41.900. A swift move above 42.380 hurdle will kick-start corrective upmove. [W.T] R5: 42.75 30 Jan low R4: 42.70 6 Feb high R3: 42.63 7 Feb high R2: 42.53 28 Oct low R1: 42.38 8 Feb high S1: 41.90 ** 1 Aug low S2: 41.85 22 Apr 2008 low S3: 41.81

Daily FX Market Commentary

danskeresearch@danskebank.com (Danske Bank A/S) — Thu, 09 Feb 2012 07:15:47 GMT

Key news The Greek coalition government has failed to agree internally on the Troika’s demands ahead of today’s crucial EU meeting. This could mean a Greek default in March. Chinese inflation rose to 4.5% y/y. This surprised the markets but in our view it mostly reflects the timing of Chinese New Year, so the increase should not worry investors. Markets Overnight The Greek tragedy continues. Yesterday it looked like the Greek coalition government had agreed on austerity measures, but

Forex - EUR/JPY, EUR/USD Flows: EUR eye Greece deal, Eurogroup, ECB decision, Draghi

analysis@fxmarketalerts.com (FXMarketAlerts) — Thu, 09 Feb 2012 07:17:26 GMT

Published at 06:33 (GMT) 09 Feb EUR staying bid, above key 1.3300 handle after break of rumoured 1.3000-1.3300 DNT options and 1.33 barriers. EUR/USD at 1.3300-02, off the 2-month highs around 1.3311-13. EUR/JPY at 102.67-70, off 2-m highs hit on back of stoploss, EUR options related buying. Focus on Greek deal for second EUR130bln bailout. Also the emergency Eurogroup Summit in Brussels. For Eurogroup Jean-Claude Juncker news conference. Focus on ECB decision at 1245GMT - no change to 1.00%

Forex - Chart USD/MYR Update: Intraday trade staging rebound

analysis@fxmarketalerts.com (FXMarketAlerts) — Thu, 09 Feb 2012 07:08:32 GMT

Published at 06:29 (GMT) 09 Feb 09 Feb USD/MYR Daily 06:29 GMT - Boosted by the oversold condition seen on daily tools, intraday trade staging rebound but have yet to break above the 3.0270 resistance to be more comvincing on the upside. Break below last session's low of 2.9950 needed to set bears back on footing. [W.T] R5: 3.0600 * 30 Jan high R4: 3.0410 31 Oct low R3: 3.0350 2 Feb high R2: 3.0270 3 Feb high R1: 3.0150 intraday level S1: 2.9950 * 26 Aug high/8 Feb low S2: 2.9850 9 Sep low S3:

Forex - EUR/USD, EUR/JPY Flows: EUR hit 2-m highs 1.3307 break of 1.30-133 Options

analysis@fxmarketalerts.com (FXMarketAlerts) — Thu, 09 Feb 2012 06:51:40 GMT

Published at 06:13 (GMT) 09 Feb More on the EUR, EUR/JPY rise, follow on from earlier update. Market traders, went for the 1.3300 Option barriers, with talks of Russian, East Europeans, US and Europeans names amongst the good buyers. High seen at 1.3307, highest level since Dec 12 1.3385. Market players were scrambling for any news - but could not find news on Greece - so moves move options/stoploss driven. 1-m Vols levels up at 11.3775%, vs 11.725%, levels seen at 11.19/11.565%, r/r

Forex - EUR/USD, EUR/JPY Flows: 1.3300 options break on sustained hopes of a finalised

analysis@fxmarketalerts.com (FXMarketAlerts) — Thu, 09 Feb 2012 06:43:04 GMT

Published at 06:07 (GMT) 09 Feb 1.3300 options break on sustained hopes of a finalised Greek deal. Buyers were seen mainly from Eastern Europe, with short term stops triggered as well. Next layer of offers seen at 1.3330, with more stops sighted above.

Asia Session: Chinese consumer prices shock the market

info@forex.com (FOREX.com) — Thu, 09 Feb 2012 06:18:39 GMT

Mid-way through the session Chinese CPI data printed much higher than expected, leading to concerns that Beijing won’t move to loosen policy. The official CPI print was +4.5%y/y, with food prices leading the drive with a 10.5%y/y gain. At the same time, data showed that producer prices increased 0.7%y/y, which represents a deceleration from December figure of 1.7%. Whilst consumer prices increased significantly more than consensus estimates, we are not that concerned. Firstly, CPI figures that

Technical Market Commentary

admin@indiaforex.in (India Forex Advisors) — Thu, 09 Feb 2012 06:06:50 GMT

Forex - Chart USD/SGD Update: Intraday consolidation

analysis@fxmarketalerts.com (FXMarketAlerts) — Thu, 09 Feb 2012 06:13:05 GMT

Published at 05:42 (GMT) 09 Feb 09 Feb USD/SGD Daily 05:42 GMT - With the wider 1.2410-1.2531 band containing choppy moves last 2 sessions, prices settled into consolidation during intraday trade and with the preceding down-leg from 1.3006 high still dominating, trade favours selling towards the higher end ofcurrent consolidation. [W.T] R5: 1.2615 * 27 Jan high R4: 1.2600 1 Feb high R3: 1.2548 * 200-day MA line R2: 1.2531 * 6 Feb high R1: 1.2502 7 Feb high S1: 1.2410 * 3 Feb low S2: 1.2390 **

Natural Gas closed lower on Wednesday

info@hymarkets.com (HY Markets) — Thu, 09 Feb 2012 05:57:43 GMT

ENERGY CRUDE OIL closed higher on Wednesday following Tuesday's key reversal up. The midrange close sets the stage for a steady opening on Thursday. Stochastics and the RSI have turned bullish signalling that a low might be in or is near. Closes above the reaction high crossing are needed to confirm that a shortterm low has been posted. If it renews January's decline, December's low crossing is the next downside target. NATURAL GAS closed lower on Wednesday and the midrange close sets the

Commodity prices have eased slightly

info@compassmarkets.com (Compass Global Markets) — Thu, 09 Feb 2012 05:38:51 GMT

European finance ministers have convened an emergency meeting in Brussels today as the Greek government continues to struggle to finalise of terms of its next rescue package. The ministers will meet with IMF chief Christine Lagarde but no agenda has been announced. Meanwhile, the caretaker government led by Prime Minister Papademos is locked in intense talks with its coalition partners to finalise terms on the package which is crucial if Greece is to meet a EUR 14.5 billion bond payment on

The euro declined slightly versus the U.S. dollar

futures@phillip.com.sg (Phillip Futures Pte Ltd) — Thu, 09 Feb 2012 05:10:44 GMT

Market Commentary US Equities: U.S. equities ended fractionally higher in a thinly traded session as Greece have yet to accept painful reforms in exchange for a bailout critical to preventing a disorderly default. Cisco Systems Inc, bellwether for the networking industry, advanced 2.4% after regular trading hours as the adjusted second-quarter earnings that outperformed expectations. Groupon Inc, the largest daily deal company, dived 7.6% after the bell after it unexpectedly recorded an

The foreign currency futures drifted lower

education@cmegroup.com (CME Group) — Thu, 09 Feb 2012 05:06:47 GMT

The foreign currency futures drifted lower in the Far East after ending lower or off their best levels on Wednesday. To their chagrin, Greece remains on traders’ play book, though the Italian crisis is the vital one. The European and commodity currencies seemed to have peaked, as I had told you, after most of the surged on Tuesday. Unless Greece somehow surprises pleasantly, which is very hard to fathom, these currencies should decline into next week. The euro remains stuck on the neckline of

Big Cap Tech Stocks to Watch

info@advicetrade.com (MPTrader.com) — Thu, 09 Feb 2012 05:01:47 GMT

Cisco (CSCO) reports earnings after today's close. With that in mind, let's have a look at the comparative patterns (and my intermediate-term analytics) on some big-cap technology names. Intel (INTC) is on a technical buy signal (since Jan 4) and will remain so unless it breaks 26.30 (1st warning), but must break 24.97 to damage the chart structure. My next upside target is 27.50/80 and then 28.50. Cisco (CSCO) is on a technical buy signal (since Jan 4) and will remain so unless it breaks

Gold fell almost 1% on Wednesday

futures@phillip.com.sg (Phillip Futures Pte Ltd) — Thu, 09 Feb 2012 05:03:18 GMT

Market Commentary Key Notes: The euro ended slightly lower on Greek debt negotiations. Gold declined on technical resistance while crude managed to increase slightly, brushing aside inventories data. A top Federal Reserve official said that the Fed may need to purchase more bonds to boost a distressed housing market which is at the heart of a sluggish economic recovery. Ahead, Bank of England is expected to increase their Asset Purchase program by 50 billion pound to beef up British economy

Forex - India Flows: USD/INR bounces, bond; Temasek (SGD) pares stake in ICICI; state polls

analysis@fxmarketalerts.com (FXMarketAlerts) — Thu, 09 Feb 2012 04:51:43 GMT

Published at 04:48 (GMT) 09 Feb USD/INR extended the corrective bounce to 49.38 highs on Thu, from 49.21-49.22 start even as EUR/USD held on to overnight gains. SENSEX hovered in small red in early trade. 49.00 is expected to mark the intraday floor amidst fresh concerns over Greece on the extent of ECB's involvement in the debt swap. Benchmark bond yields meanwhile opened steady at 8.24%, with an eye on debt buyback announcements. Separately Singapore's Temasek Holdings sold 1.4% stake in

Indices Edge Higher on Afternoon Comeback

info@thetechtrader.com (The Technical Trader) — Thu, 09 Feb 2012 04:50:53 GMT

The stock market indices had a very good comeback in the afternoon after some early weakness. The day started out mostly to the upside, followed by a quick pullback, and then a rally to the session highs in the first 40 minutes, or so. They then rolled over hard, took out some support levels, and appeared to be in danger of a sharp sell-off today. They stabilized late morning, came on strongly and tested key overhead resistance, went through, and stair-stepped their way to the highs for the

Forex - Australia: What's Priced In- RBA Expectations (OIS) 9 Feb 2012

analysis@fxmarketalerts.com (FXMarketAlerts) — Thu, 09 Feb 2012 04:46:59 GMT

Published at 04:41 (GMT) 09 Feb

Forex - Hong Kong Flows: USD/HKD bid in range; HSBC readies for London offshore yuan centre

analysis@fxmarketalerts.com (FXMarketAlerts) — Thu, 09 Feb 2012 02:50:08 GMT

Published at 02:46 (GMT) 09 Feb USD/HKD held on to its consolidative mode within 7.7530-7.7545 overnight. Pair was then bid towards 7.7545 during early trades as EUR/USD came under selling pressure. Hang Seng fell 1% after China's CPI sped to 4.5% y/y in Jan from previous 4.1%, pared losses since to -0.5% at last indication. We expect dips to be supported by choppy EUR/USD and negative risk climate. Some news on the offshore yuan market: In a move to become the leader in offshore yuan

Forex - Chart USD/CNY 1-Yr Update: Break of 6.2570 exposing downside

analysis@fxmarketalerts.com (FXMarketAlerts) — Thu, 09 Feb 2012 02:42:58 GMT

Published at 02:40 (GMT) 09 Feb 09 Feb USD/CNY 1-Yr NDF Daily 01:31 GMT - The move below 6.2570 strong support last session negated the inverted Head-shoulder pattern but further decline checked by the lower support line from 9-Nov's low, spurring room for intraday rebound. Recovery continues to attract selllers withthe bearish outlook intact. [W.T] R5: 6.2971 * 23 Jan high R4: 6.2905 * 24/25 Jan highs R3: 6.2810 * 6 Feb high R2: 6.2711 8 Feb high R1: 6.2638 3 Feb low S1: 6.2513 8 Feb low S2:

Forex - Chart USD/THB Update: Decline checked by 200-day MA line

analysis@fxmarketalerts.com (FXMarketAlerts) — Thu, 09 Feb 2012 01:25:43 GMT

Published at 01:22 (GMT) 09 Feb 09 Feb USD/THB Daily 00:57 GMT - Bears extending decline but currently checked by the 200 -day moving average line at 30.650 and with daily tools slightly oversold, risk of rebound is not ruled out. Need to push back above yesterday's high of 30.880 to signal stronger correction unfolding. [W.T] R5: 31.13 31 Jan high R4: 31.03 27 Jan low R3: 30.98 * 6/7 Feb highs R2: 30.88 8 Feb high R1: 30.85 previous congestion lows S1: 30.65 * 200-day MA line S2: 30.60 * 3

The Trend Trader for ETFs

RHunt@PatternTrapper.com (Pattern Trapper) — Thu, 09 Feb 2012 01:14:24 GMT

The Trend Trader for the Dow 30 Stocks

RHunt@PatternTrapper.com (Pattern Trapper) — Thu, 09 Feb 2012 01:12:16 GMT

The Trend Trader for Forex

RHunt@PatternTrapper.com (Pattern Trapper) — Thu, 09 Feb 2012 01:10:48 GMT

The Trend Trader for Futures

RHunt@PatternTrapper.com (Pattern Trapper) — Thu, 09 Feb 2012 01:06:24 GMT

Forex - Chart USD/MYR Update: Oversold daily tools to spur rebound

analysis@fxmarketalerts.com (FXMarketAlerts) — Thu, 09 Feb 2012 00:46:48 GMT

Published at 00:43 (GMT) 09 Feb 09 Feb USD / MYR Daily 00:32 GMT - Bears extended decline to 2.9950 support last session and oversold posture seen on daily technical tools is hindering further progress on the downside and triggering current rebound and would need to push higher above 3.0270 resistance to confirm a temporary low made. [W.T] R5: 3.0660 * 200-day MA line R4: 3.0600 * 30 Jan high R3: 3.0410 31 Oct low R2: 3.0350 2 Feb high R1: 3.0270 3 Feb high S1: 3.0040 intraday level S2: 2.9950

Forex - EUR/USD, USD/JPY Flows: Talks of huge EUR 1.30-1.33 DNT Options; ECB, Greece

analysis@fxmarketalerts.com (FXMarketAlerts) — Thu, 09 Feb 2012 00:07:26 GMT

Published at 00:05 (GMT) 09 Feb Greek government official said no choice but to finalise deal tonight. EUR/USD back up at 1.3244-45 - talks of good 2-way options related interest as well. Talks of huge 1.3000-1.3300 DNT options, speculation of huge Asian/ China interest. Talks of good options, China, Asian, sovereign related selling around 1.3280-90, ahead of the 1.3300 handle. EUR/USD hit 6-week highs of 1.3289 yest, highest level since Dec 12 1.3385. Talks "same names" bought EUR/USD on dips

The appetite for risk seemed to have peaked on Wednesday

education@cmegroup.com (CME Group) — Thu, 09 Feb 2012 00:01:58 GMT

The appetite for risk seemed to have peaked on Wednesday, as expected, with no news on the horizon to provide impetus. The deteriorating position of Greece is clear to everyone still caring to follow the saga, and whatever the resolution will be, should fall on deaf ears. It is becoming abundantly clear that Eurozone needs to cut Greece loose. And then, the EU will have to find a way to deal with the Italian and Portuguese crises. The European and commodity currencies ended lower or off their