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European markets move forward, Euro hits fresh 2-month highs

European markets move forward, Euro hits fresh 2-month highs 2011-01-21 13:03:22     Stock markets in Europe have opened Friday's on strong note to close their worst week since the month of November with risk appetite curbed concerns about likely monetary tightening in China, whose inflation continues rising at high levels. In FX markets, the Euro has pushed up to fresh 2-month highs.Euro stocks 50 Index ads 0.8% lower, while the German DAX Index rises 0.25 % and...

EUR/CHF: above 1.3070, would target 1.3437 – Commerz bank

EUR/CHF: above 1.3070, would target 1.3437 – Commerz bank 2011-01-21 10:16:30     According to Karen Jones, technical analyst at Commerz bank, Euro recovery from early January lows at 1.2425 area has extended above 1.3000, amid broad based Euro strength, reaching 1.3030/70 resistance area which, if breached would expose 200.day MA at 1.3435.The pair is testing the 50% Fib retracement of the month of October-December decline, at 1.3030/70, which if breached, could open the path towards 1.3437,...

Asian markets lower, China weighing; Euro and Pound in range

Asian markets lower, China weighing; Euro and Pound in range 2011-01-21 07:45:25     On Friday most of the Asian markets have traded lower, with caution dominating the session amid concerns about China's economic growth and the possibility of further monetary tightening measures by Beijing. In currency markets, Euro and Pound have been trading in range.Japanese Nikkei Index lost 1.6%, while the South Korean Kospi Index shed 1.7% and Australian ASX lost 0.6%. In Hong Kong, the...

Asian Session Wrap-Up: Another Risk-Off Friday In Asia

Asian Session Wrap-Up: Another Risk-Off Friday In Asia 2011-01-21 06:32:16     Risk appetites rise in Japan- WSJ Australian Q4 Import Prices drop 3.80%, exports fall 8.10% Hu Says He’s Fully Confident’ About U.S.-China Ties, from Bloomberg Irish PM Cowen forced to announce early election, article from Bloomberg Asian Bourses mixed but as Shanghai popped to +2.3% the risk-on players emerged Japanese Retail Investor Stock sentiment Index rises to +8 in January, matching last April’s high History tells us that Fridays’ in Asia...

For the Moment Dollar Slide Holding The Ground

For the Moment Dollar Slide Holding The Ground 2011-01-21 05:26:27   Sellers up to the 1.3515 are succeeding holding down the Euro for the moment and simultaneously S/T support in USD/CHF at 0.9650 has held.Cable resistance at 1.5943-51 held the first attempt at ‘43′ to the pip and S/T support in USD/JPY is at 82.75-85   ...

USD/CHF Floating above 0.9520 support zone

USD/CHF Floating above 0.9520 support zone 2011-01-20 12:46:59     Dollar's rebound from yesterday´s low at 0.9520 failed at 0.9580 on early Asian session, and the pair gave away gains, to hit 0.9530 low at European session opening, or remain sideways below 0.9560 during European trade.The pair remains biased to the downside, according to the Kshitij Consultancy Services Team, predicted to extend downtrend towards 0.9450: “The overall outlook is bearish and we might see further down move...

European markets mixed; Euro and Pound tick up

European markets mixed; Euro and Pound tick up 2011-01-20 12:28:19     European markets are assorted on Thursday with risk appetite weighed by speculation about further monetary tightening in China, which would dampen demand for basic resources. In FX markets Euro and Pound are picking up after Asian session's declines.Euro stocks 50 Index rises 0.3%, while the German DAX Index dips 0.3%, and the French CAC Index dips 0.1%. In the UK, the FTSE Index drops 1.0%...

EUR/USD Extends Rally, Pops Over 1.3500. Central Bank Buyer Noted, Also Sell Orders, Barrier Interest

EUR/USD Extends Rally, Pops Over 1.3500. Central Bank Buyer Noted, Also Sell Orders, Barrier Interest 2011-01-20 11:04:27   EUR/USD at 1.3505. The pairing has extended it’s rally amid reports a central bank stepped in buying in the low 1.3490’s. Earlier hearing talk of sell orders at 1.3510/20. There is also talk of 1.3550 barrier option interest in place.As I type, hearing US investment bank has been notable buyer of EUR/SEK cross in recent trade. Obviously the EUR/skandies’ action...

EUR/USD, neutral to positive while above 1.3331/1.3223 - Commerzbank

EUR/USD, neutral to positive while above 1.3331/1.3223 - Commerzbank 2011-01-20 09:56:55     The Euro rose above 1.3500 resistance area yesterday although the pair failed to close above it which according to Karen Jones, served to neutralize bearish trend although not yet to shift the bias to bullish.The Euro will remain neutral to positive while above 1.3331/1.3223, says Jones, allowing for upside attempts to 1.3571 or possibly 1.3739/86: "For now we will allow for further moves higher...

ECB’s Bini Smaghi: Core Inflation Could Lead to Underestimating of General Price Pressures

ECB’s Bini Smaghi: Core Inflation Could Lead to Underestimating of General Price Pressures 2011-01-20 07:32:00     Monetary policies focused on short-term objectives risk favoring excessive wait-and-see stance Monetary policy based on indicators such as output gap often carry risks Sees structural unemployment rising significantly, does not believe monetary policy can restrain it. ...
 
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