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Market Outlook From Tradingforex.com

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Market Outlook 28 Dec

CURRENCIES EUR/USD The euro has been on the rise while the dollar has been dropping against it, as the efforts to avert the fiscal cliff continue. The dollar fell to its lowest in 8 months trading at 1.3236 per euro at 5:05 pm New York time, and it has weakened as much as 0.5 percent. The euro’s 14-index of relative strength reached 70.6 to the dollar.

USD/JPY The yen has been on a fall, reaching its lowest in 28 months against the dollar. The yen dropped 0.6 percent touching 86.10 per dollar, its weakest since August 16, 2010.As of 2:17pm Tokyo time, the yen traded at 86.64 per dollar, after trading at 86.45 which is 0.4 percent lower than yesterday. The yen has lost 2.6 percent against the dollar since December 21 of this year, and its 14-day relative strength index has dropped to 17 against the dollar.

EUR/JPY According to Bloomberg’s correlation-weighted indexes the euro has gained 3 percent in the past three months, making it the second highest of the 10 development market currencies.The yen however has dropped 0.7 percent to 113.99 per euro, and its 14 day relative strength index dropped to 19.8 against the euro.The constant fall of the currency has spurred speculations that the central bank of the country will need to try and set up a cash infusion to control the situation.The Japanese currency has lost 0.4 percent to 114.49 per euro, and dropped to its lowest level since July 11 2011, while the euro has gained 0.1 percent and is now at 1.3242 dollars.

AUD/JPY The Australian currency has been gaining strength and has reached its highest against the yen since April of 2011, and has touched 89.83 yen. The decline in Japan’s consumer prices which has added to the monetary problems of the country, has helped the Australian dollar trade at 89.67 as of 4:01 pm Sydney time, which is 0.4 percent higher than yesterday. The yearly increase of the currency is predicted to be 14 percent against the Japanese currency.

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Market Outlook 31 Dec 2012

EUR/USD The dollar rose 0.1 percent to 1.3201 dollars against the euro. The euro has risen 1.8 percent versus the dollar, a rise for the first time in two years, after the European Central Bank presented a program in September to aid the currency’s fall.

USD/JPY The yen declined 0.2 percent to 86.13 per dollar as of 1:32 p.m Singapore time, the continuous decline has brought heat on the country from other nations , Finance Minister Taro Aso responded that no one has the right to lecture the country, and added that the US should have a stronger dollar. Since 2011 the currency has dropped more than 10 percent against the dollar.

AUD/USD The Australian dollar climbed higher than most of the other currencies, and that was due to the manufacturing growth in China, which is its biggest trading partner. It gained 0.1 percent to 1.0381 dollars and is expected to have an overall 1.7 increase this year.

GBP/USD After a couple of changes throughout the past week, where the British pound rose against the dollar, after the pair hit 1.6065 on Thursday which was its lowest since December 10, the pair has climbed today and added 38 pips at 1.6138.

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Market outlook 2 January 2013

Currencies USD/JPY The Yen has dropped even further against the dollar, and has gone down to 87.33 per dollar, its lowest since July 29, 2010. As of 6:38 am London time it traded at 87.27. These changes took place after the legislation to avert the fiscal cliff was passed. Currency strategist in Sydney Australia& New Zealand Banking Group Ltd. Andrew Salter stated that the Yen will probably remain weak for the time being, adding “if you look out a month or two, it really depends upon what the government is able to achieve as far as the central bank is concerned”

EUR/USD The dollar lost 0.5 percent and fell to 1.3272 dollars against the euro. Its weakening has taken affect as the legislation for averting the fiscal cliff was passed by the U.S. today.

AUD/USD The U.S. dollar slightly gains while the Aussie loses, dropping 0.7 percent from its lowest level in over four weeks. As of 11:08 am Sydney time it traded at 1.0399 dollars. It is predicted that the Australian dollar will rise to 1.07 dollars throughout the next six months, and to 1.01 by the

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Market outlook 2 January 2013

Currencies EUR/USD After a high ride of 1.33 a dollar, the euro fell 0.1 percent to 1.3186 dollars. The dollar has rose 0.3 percent reaching 1.3148 per euro. Over the past year, 2012, the euro has had an overall decline of 1.1 percent, while the dollar fell 3.3 percent.

USD/JPY Then yen continues to weaken, falling 0.7 percent to 87.34 per dollar, and has reached its lowest level since 29 July 2010 at 87.35. Today however the dollar has also weakened against other major currencies. The Yen’s 14 day relative strength index is at 17 versus the dollar.

AUD/USD After being one of the strongest currencies, since the passing of the legislation in the US to increase taxes and cut budgets on Wednesday the Australian dollar has suffered some losses and has fallen lower than the USD. The pair fell 0.18 percent to 1.0486 dollars.

GBP/USD The British pound has been gaining over the last month of last year, and has now risen to its highest level against the dollar in 16 months at 1.6381 dollars, before going down to 1.6252 dollars.

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Market News 4 Jan 2013

Currency EUR/USD For the second day the dollar stayed higher than the euro, with a 0.1 percent gain and traded at 1.3040 per euro at 5 pm New York time, making it its strongest level in three weeks. The dollar is expected to advance 1.19 dollars per euro by the end of the year.

USD/JPY The yen fell against most other major currencies including the U.S. dollar, and that marks its longest weekly loss since 24 whole years, with a 2.1 percent loss against the U.S. dollar. It fell to 87.83 per dollar, and at 7 am London time it fell further to 87.74 per dollar. The yen’s 14 day relative strength index fell to 16.6 against the dollar.

AUD/USD China’s decline has had a big impact on the Australian dollar as the country is Australia’s biggest trade partner. The Aussie fell to 1.0441 at 4:25 pm Sydney time, losing 0.2 percent from yesterday. Expectations are that the currency will not have a noticeable improvement until china starts to improve pulling it along.

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Market News 7 Jan 2013

Currencies EUR/USD The dollar gained 0.3 percent and rose to 1.3035 dollars per euro on the 4th of January. The dollar gained a weekley 0.7 percent increase while the euro lost 0.7 percent.

USD/JPY At 6 am London time the Yen gained 0.5 percent and rose to 87.73 per dollar. The yen's relative strength index versus the dollar fell to 15.5 on the 4th of January, its lowest since December 2001. The yen's continued shrinking has lead the country to take drastic measures, and it is expected that the extra budget which will be used to boost the economy will take around 5-6 trillion yen out of the public's work spending money.

AUD/USD The Australian dollar has gained against most of its counterparts. The yield of Australia's benchmark three-year government note went to 2.87 percent, its highest since the 17th of August 2012, and was 2 points lower than the 4th of January at 2.83 percent. The Australian dollar is expected to fall below 1 dollar this year, and weaken to 99 US cents by the end of the year.

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Market News 8 Jan 2013

Currencies EUR/USD The euro stayed strong versus the dollar, increasing 0.5 percent over the two past days, and it traded at 1.3119 dollars, at 12:26 pm London time, however it then suffered 0.2 percent loss and fell to 1.3042 dollars.

USD/JPY The yen has made a turn, and gained 0.5 percent reaching 87.36 per dollar, at 6:30 am London time. This is its strongest two day gain since the 8th of November, a positive change since four days ago it had hit its weakest price since July 2010. The Yen’s 14 day relative strength index against the dollar was at 27 today. The dollar fell 0.3 percent versus the yen and reached 87.55 per yen at 1:35 pm Tokyo time, Still the dollar displays signs of strength and is expected to advance to 94 yen; its strongest price in over two years.

AUD/USD The Australian dollar has slid after a three day gain. It fell 0.2 percent reaching 1.0478 dollars at 4:46 pm Sydney time. Speculations expect a 60 percent chance of the Reserve Bank of Australia lowering the benchmark interest rate from 3 percent this quarter.

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Market News 9 Jan 2013

Currencies

EUR/USD The euro did not change much against the dollar. The dollar stayed higher than most major currencies gaining against the euro, which is not shocking when paired with the news that the European currency may not be improving any time soon. The pair hit 1.3093 rising 0.03 percent.

USD/JPY After rising 1.3 percent over the past two days, the yen once again fell against most of the major currencies, and lost against the dollar 0.5 percent to 87.49 per dollar at 6:49 am London time.

AUD/USD The Australian dollar has made a turn and for the last three days it has been gaining. The Aussie rose 0.4 percent over the past three days and it traded at 1.0503 dollars at 4:55 pm Sydney time. The pair hit 1.0523 which is a 0.06 percent increase.

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Market News 10 Jan 2013

Currencies EUR/USD The euro slid 0.1 percent to1.3056 dollars. The euro which is considered in crisis, awaits its fate when the European Central Bank will meet on Thursday. The pair hit 1.3037 in the morning which is its lowest since Monday.

USD/JPY The Japanese yen has fallen once more against most of its counterparts. The two day loss has the currency losing 0.3 percent and falling to 88.17 dollars at 6:39 London time. On the 4th of January the currency had reached its lowest level in over two years.

AUD/USD

The Australian dollar has gained its three week high against the dollar. As imports and exports in China improve, its major trading partner Australia, has been positively affected and the country’s currency has been improving. The Aussie touched its strongest price since the 18th of December with 1.0555 dollars, before falling to 1.0552 dollars at 4:31 pm Sydney time, which is a 0.3 percent increase.

GBP/USD The British currency has suffered a big loss and has fallen lower than most of its counterparts, occupying the second to last spot. It reached its lowest level since the 30th of November at 1.5993 dollars, it then rose to 1.6012 dollars at 4:38 pm London time.

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Market News 11 Jan 2013

Currencies EUR/USD The euro reached its highest gain in five months against the dollar, even though yesterday’s European Central Bank’s meeting decided against changing interest level rates. The US dollar also did well being higher than a lot of the other major currencies, despite its drop. The pair was up by 1.42 percent yesterday at 1.3252.

USD/JPY The yen continues to drop, reaching its lowest level since the 29th of June 2010, at 89.35 per dollar, it dropped 0.3 percent from yesterday trading at 89.08 at 2:58 pm Tokyo time. This marks the yen’s longest loss period in over 20 years.

AUD/USD Once again China’s economical status has affected the Australian dollar which has fallen against most of the other major currencies, leaving behind its highest level in four months. It traded at 1.0590 dollars at 10:31 am Sydney time yesterday. It has climbed 0.8 percent over the past 24 hours, and reached its highest level since the 14th of September at 1.0599 dollars.

GBP/USD The British currency fell 0.28 percent against the dollar at 1.6015 dollars. The pair fell 0.13 percent to 1.6148 after the central British bank decided against making any changes in their benchmark rate. This happened after the pair had showed signs of improvement over the past two days.

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Market News 14 JAN 2013

Currencies EUR/USD The dollar has sunk to more than a 10 month low against the Euro, losing 0.3 percent and reaching its lowest since the 29th of February 2012 at 1.3404 dollars.

USD/JPY The yen reached its lowest level against the dollar since the 25th of June 2010 at 89.67 per dollar, the yen suffered a 5 percent fall from last week, and traded at 89.60 at 5:58 am London time.

AUD/USD The Australian dollar gained against most other currencies including the dollar, it reached 1.0557 dollars at 4:45 pm Sydney time a 0.2 percent increase.

GBP/USD The British pound fell against the US dollar, as it has struggled against most of its counterparts. The pair lost 0.06 percent and traded at 1.6122

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Market News 16 JAN 2013

Currencies EUR/USD The euro has had an alarming 8.4 percent gain against the euro over the past 6 months. It traded at 1.3306 dollars at 5 pm New York time, a 0.6 percent decrease, that is after it touched its highest in almost a year on the 14th of January with 1.3404 dollars.

USD/JPY The yen has had a two day gain, and in fact its highest in eight months. After its 0.8 percent gain yesterday it gained an extra 0.7 percent today and reached 88.19 per dollar, at 6:55 am London time.

AUD/USD The Australian dollar fell against the U.S. dollar and traded at 83.93 U.S. cents, dropping from yesterday’s 83.97. Earlier this week the Australian dollar was boosted when Federal Reserve chairman Ben Bernanke said he expects the central bank to continue its bond buying program.

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Market News 17 JAN 2013

Currencies EUR/USD The dollar has gained against its counterparts since yesterday. The euro rose to 1.3297 dollars. The EUR/USD pair lost 0.09 percent and fell to 1.3293. The pair is expected to find support at 1.3037, and resistance at 1.3403.

USD/JPY The yen’s two day gain fell short when it lost 0.3 percent and dropped to 88.64 per dollar at 3:31 pm Tokyo time. The pair lost 0.08 percent in Asian trading and fell to 88.31. Expectations have the bank of Japan adjusting its inflation target to 2 percent, when the two day meeting occurs on January 21.

AUD/USD The Australian dollar fell against most other currencies, and that is mainly due to the high rates of unemployment that the country is suffering. The Aussie lost 0.6 percent and fell to 1.0513 dollars at 5:17 pm Sydney time. The AUD/USD pair also lost 0.63 percent, and fell to 1.0506.

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Market News 28 JAN 2013

Currencies EUR/USD The U.S. dollar had traded well against most of its peers at the start of this week, and it has gained against Europe’s shared currency, after last week’s loss when the Euro reached its highest level against the dollar since almost a year. The pair gained 0.03 percent trading at 1.3458.

USD/JPY The U.S. dollar gained against most major currencies, and it reached its 2 and a half year high against the Japanese yen. Yesterday at 2:13 pm Tokyo time it traded at 91.03 a yen, adding 0.1 percent from last week. The pair traded at 91.08, gaining 0.18 percent.

AUD/USD The Australian dollar fell against its American peer in trades, although expectations for the Australian currency for this year are still positive. The pair traded at 1.0428 in Asian trading, and is expected to find support at 1.0402 and resistance at 1.0552.

GBP/USD Britain’s struggling currency was low against most of its peers including the U.S. dollar, the pair lost 0.16 percent and traded at 1.5772. It is expected to find support at 1.5747 and resistance at 1.5892.

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Market News 30 JAN 2013

Currencies EUR/USD The dollar reached its lowest level against the Euro in over a year; it fell against all but one of the major currencies. At 5 pm New York time it traded at 1.3492 dollars per euro, its weakest level in over a year. The pair traded at 1.3478 a 0.17 percent increase and it is expected to find support at 1.3265 and resistance at 1.3496.

USD/JPY The Japanese yen traded lower than most other currencies. It lost 0.2 percent against the euro and traded at 90.20 per dollar at 2:39 pm Tokyo time. It is expected for the yen to lose up to 4.6 percent against the dollar for the whole of January. The U.S. dollar traded at 90.73 yen.

GBP/USD After a streak of losses the British pound redeemed its five months low against the dollar. The pound gained 0.3 percent and at 4:30 pm London time it traded at 1.5741 dollars. So far this year the British pound is one of the two weakest currencies right above the Japanese yen. The pair traded at 1.5768 this morning, increasing 0.50 percent. It is expected to find support at 1.5673 and resistance at 1.5784.

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Market News 4 FEB 2013



Currencies EUR/USD The dollar had
mixed successes and losses in its recent trading sessions, but patterns show
that it may find itself at a decline. The European currency and U.S. dollar
pair lost 0.11 percent in Asian trading, and traded at 1.3628.



USD/JPY The
yen broke its streak of loses and gained against the U.S. dollar. It added 0.1
percent and traded at 92.65 per dollar, after touching its weakest level since
May 2010 on the 1st of February at 92.97. The pair lost 0.01
percent in Asian trading, and traded at 92.78, it is expected to find support
at 91.59 and resistance at 93.63.



AUD/USD The
Australian dollar gained against its American peer, which happened in
correlation with reports that showed that Australian approvals to build new
homes fell last week. The Australian dollar, U.S. dollar pair traded at 1.0426
in Asian trading, a 0.15 percent increase. It is expected to find support at
1.0360 and resistance at 1.0474.



GBP/USD The
British pound rose against the U.S. dollar. The GBP/USD pair traded at 1.5701
in Asian trading, a 0.02 percent increase. It is expected to find support at
1.5689 and resistance at 1.5879.





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