EurAnalysis

http://www.forexpros.com/news/forex-...limited-232488

Forexpros - The euro was higher against the U.S. dollar on Thursday, as market sentiment improved after the European Central Bank hinted at the possibility of more bond buying but gains were limited as Spain’s leadership struggled to gain support for new austerity measures.

EUR/USD hit 1.3139 during late Asian trade, the daily high; the pair subsequently consolidated at 1.3136, adding 0.21%.

The pair was likely to find support at 1.3065, Wednesday’s low and resistance at 1.3186, the high of March 16.

Concerns over the financial crisis in the euro zone slightly eased after an ECB policymaker said on Wednesday the bank still has its bond-buying program as an option, adding that the scale of market pressure on Spain is not justified given the reforms being undertaken by its government.

Although Spanish 10-year bond yields retreated following the comments as well as remarks from the country’s prime minister, pledging to implement further austerity measures as soon as this month, they remained close to 6% earlier Thursday.

Meanwhile, the single currency also remained under pressure as Italy was preparing to sell EUR5 billion of three-year government bonds later in the day.

Rome saw its one-year borrowing costs rise for the first time since November, in a poorly received government bond auction on Wednesday.

Elsewhere, the euro was fractionally higher against the pound with EUR/GBP edging up 0.08%, to hit 0.8248.

Later in the day, the euro zone was to release a report on industrial production, while the U.S. was to produce official data on the trade balance and initial unemployment claims

Forexpros - The U.S. dollar was broadly lower against its global counterparts on Thursday, after the European Central Bank indicated that it could still buy bonds to support Spain, while robust Australian employment data also boosted risk appetite.

During European morning trade, the dollar was lower against the euro, with EUR/USD rising 0.16% to hit 1.3129.

Sentiment on the single currency improved after ECB Executive Board member Benoit Coeure said Wednesday that the central bank still had its bond-buying program available as an option to ease pressure on the Spanish bond market.

He added that the current level of market pressure on Spain was not justified given the reforms being undertaken by its government.

But investors remained wary of pushing the euro too high as Italy prepared to sell EUR5 billion of three-year government bonds later in the day, amid concern over the risk of sovereign debt contagion from Spain.

The greenback was also lower against the pound, with GBP/USD adding 0.13% to hit 1.5926.

The greenback was higher against the yen, but slipped lower against the Swiss franc, with USD/JPY climbing 0.23% to hit 81.03 and USD/CHF losing 0.12% to hit 0.9162.

Earlier in the day, the governor of the Bank of Japan said the bank will pursue “powerful easing” to help overcome deflation and put the economy on a sustainable growth path.

Elsewhere, the greenback was weaker against its Canadian, Australian and New Zealand counterparts, with USD/CAD shedding 0.28% to hit 1.0007, AUD/USD jumping 0.86% to hit 1.0386 and NZD/USD gaining 0.43% to hit 0.8208.

In Australia, official data showed that the economy added 44,000 jobs in March, far better than forecasts for an increase of 6,000, while the unemployment rate ticked down to 5.2%, from 5.3% in February.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was lower by 0.09%, at 79.88.

Later Thursday, the U.S. was to release official data on initial jobless claims, as well as reports on producer price inflation and the trade balance.

How about a 24K gold Fiat

http://4.bp.blogspot.com/_LnXKlTB8gK...i-crystals.jpghttp://www.carzi.com/wp-content/uplo...warovski-4.jpg

Today's option expiries at 14:00GMT (10:00 NY)

1.3000
1.3030
1.3050
1.3105
1.3120
1.3150
1.3170
1.3175

http://www.forexpros.com/analysis/eu...r-today-119900

The euro saw mild upward movement during yesterday's trading session, as gains in stocks drove investors toward riskier assets. That being said, analysts are warning that debt worries in Spain and Portugal still have the potential to negatively impact the common currency in the coming days. Today, a batch of US fundamental data is forecasted to generate market volatility. Traders will want to pay attention to this week's Unemployment Claims as well as the Trade Balance and PPI figures, all scheduled for 12:30 GMT. Positive news may help the USD recoup some of its recent losses.

http://c3352932.r32.cf0.rackcdn.com/1334217738_0.png Forex Market Trends


Economic News

USD - Dollar Extends Losses vs. Riskier Currencies

The US dollar extended losses against its riskier currency rivals during yesterday's session, including the euro and British pound. The EUR/USD was up some 90 pips for the day, reaching as high as 1.3155 before staging a downward correction. The pair eventually stabilized around 1.3120. The GBP/USD was up over 80 pips during mid-day trading, reaching as high as 1.5937. Against the Japanese yen the dollar saw slight upward movement, going as high as 80.94, but remained near its recent one-month low for most of the day.

Turning to today, traders will want to note the results of the US Unemployment Claims, Trade Balance and PPI figures, all scheduled to be released at 12:30 GMT. All three indicators are forecasted to show growth in the US economy, which if true, could help the USD rebound from its recent bearish trend. Of course, if any of the indicators come in significantly below their expected levels, the dollar could continue the downward trajectory it began following last week's disappointing Non-Farm Payrolls figure.

That's something you don't want to scratch in a traffic... everybody else wants, though. What next? A Trabant made of Gold?

Loving this volatility.. can you keep up?

Volatility is like a day before christmas. Let's all together sing a nice "jingle bells"...

Italian auction results: Italy sold a total of Eur 4.884 bln of BTP’s out of a targeted Eur 5 bln

Written by Joe Brown
April 12, 2012 at 09:31 GMT

Sold Eur 2.884 bln of 2.5% 2015 BTP, yield 3.89 % (from 2.76%), cover 1.435 (from 1.565) out of a targeted Eur 2-3 bln

Sold Eur 395 mln of off-the-run 3% 2015 BTP, yield 3.92 % (from 3.77%), cover 3,26 ( from 2.37%)

Sold Eur 687 mln of off-the-run 4.5% 2020 BTP, yield 5.04%, cover 2.195

Sold Eur 918 mln of off-the-run 4.75% 2023 BTP, yield 5.57%, cover 1.75

Total target for the off-the-run BTP was Eur 2 bln

Not a brilliant auction, largely inline with expectations, with weaker yields, but almost a full take up

Noooooo

Goldman betray my loveee

lol... I would like to see it crosses 1.3160

Done: 1.3165

Watch For Stops Moving It Up to 1.3200 and then ?

I just woke up so I need to review all. The high is now 1.31651 which is Daily High of April 5, 2012.

Dow Futures up 50

USD/CAD at .9991 and Oil is up at $103.10



The 2 Year is .29% and the 10 Year is 2.04% with the spread 175 Basis points.

US Data out at 8:30 AM

Closed BUY EUR/USD on 1,31662 for 28,57

low interest rate for USD are predicted till 2014

good day....

Hello everyone,

Im still quite new in FF, just like to say that I believe this is a quite interesting and helpful thread.

Thank you for all the valuable info!

Regards,
Vlad

The moves are retail. Strength still remains to be seen. Watch carefully.

Dow Futures UP 63 now. Risk Is On For The Moment...

Jobless Claims could MOVE Market... Other Data Also on Inflation ? PPI

Not Convinced a real move however will keep a open mind...

Dax is Up others are flat in Europe

Watch Gold and US Dollar Index


Gold is at $1654 Down $6.00 US

Yield on 10 Year Moved to 2.05%

Some selloff into other Asset Classes

I Spelled His Name Wrong.

I hope folks here are using Oanda FX TRade News (FREE) This news came out at 7:47 AM and explains things for me.

I put on 2 Shorts and I just closed both with profits before 8:30 AM Data.

New Charts Anyone ?

http://www.finviz.com/forex_charts.ashx

http://www.forexpros.com/quotes/us-dollar-index

http://www.finviz.com/forex_charts.ashx?t=EURUSD&tf=m5


Oanda FX Trade News...

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1.3280 Was Not Reached and Now We Head Down. If there was NO DATA at 8:30 AM I would have kept open my 2 Shorts.

I shorted at 1.3173 at 7:41 AM

Just curious. Do you use price action? Do you have any charts?

Hello everyone

am back!
anybody feel boring?I have some hot stuff