Daily Forex Market by FXCC 11Jan2012
MARKET OVERVIEW – JANUARY 11 2012
The dollar and yen fell versus most of their major peers
The franc was little changed at 1.2128 per euro after earlier gaining to 1.2107, the strongest since Sept. 20.The dollar fell 0.1 percent to $1.2778 per euro at 5 p.m. in New York after weakening 0.4 percent yesterday. It depreciated earlier today to $1.2818, the least since Jan. 5. The yen declined 0.1 percent to 98.19 per euro. The dollar was unchanged at 76.85 yen. The GBP/USD rally from its recent lows continued on Tuesday, reaching the 1.5500 price area from the earlier session low of 1.5445, ending trade in New York 0.17% higher at 1.5482.
New Zealand’s currency, nicknamed the kiwi, rose 0.9 percent to 79.44 U.S. cents, and Australia’s dollar advanced 0.7 percent to $1.0314. The Canadian dollar has appreciated more than 1% this week, Tuesday saw USD/CAD fall to a 3-day low of 1.0152 from the earlier high of 1.0238.
UPCOMING EVENTS
2012-01-11 05:00 GMT |Japan - Leading Economic Index (Nov) Preliminar
2012-01-11 08:00 GMT | Germany - Real GDP Growth
2012-01-11 08:00 GMT | EU - Gross Domestic Product s.a. (QoQ) (Q3
2012-01-11 09:00 GMT | EU - Gross Domestic Product s.a. (YoY) (Q3)
FOREX NEWS
2012-01-11 05:05 GMT | Japan Leading Economic Index rises to 92.9 in Nov
2012-01-11 02:12 GMT | China should use $2 trill FX reserves for overseas investment
2012-01-11 01:15 GMT | The Greenback roars ahead through an active Asian session
2012-01-11 00:01 GMT | United Kingdom Dec BRC Shop Price Index (MoM) 1.7%
EURUSD 1.27540 / 1.27547
High: 1.27789 | Low: 1.26287 | Chg: -0.0024 -0.19%
SUMMARY: Up
INTRADAY TREND: Uptrend
MA10: Bearish
MA20: Bearish
STOCHASTIC: Neutral