AUDJPY Hits Trendline

Written January 25, 2012 at 10:10 PM EST by  

The AUDJPY play we have been looking at is at trendline resistance, a break higher could create a long-term trading opportunity.

South Korean GDP

Written January 25, 2012 at 7:01 PM EST by  

South Korean 4th quarter GDP came in slightly softer than expected, however the KRW received a bid against the USD, moving the USDKRW pair from 1129 to 1122.

  • GDP (QoQ) – Survey:0.5%   Actual:0.4%   Prior:0.8%
  • GDP (YoY) – Survey:3.5%   Actual:3.4%   Prior:3.5%

 

Aussie CPI

Written January 24, 2012 at 7:32 PM EST by  

The Consumer Price Index for the 4th quarter in Australia came in above expectations on a year over year basis, but weaker quarterly, initially pushing the AUDUSD pair lower. The details of the release are as follows:

  • CPI (QoQ) – Survey:0.2%   Actual:0.0%   Prior:0.6%
  • CPI (YoY) – Survey:3.3.%   Actual:2.6%   Prior:3.5%

 

AUDJPY Approaching LT Resistance

Written January 24, 2012 at 7:30 PM EST by  

The risk appetite to start the new year seems to be intact (despite a weaker start to the week for equities) , coupled with a Yen sell off yesterday has the AUDJPY approaching trendline resistance in a quickly closing wedge, as it has met some resistance at the 200 day mavg. A confirmed break to the upside could retest the April highs in the first half of the year.

 

BOJ Keeps Rates Unchanged (0.0% – 0.1%)

Written January 23, 2012 at 10:34 PM EST by  

  • Asset-Purchase Fund unchnaged at 20 Trillion Yen.
  • Credit-Loan Program unchanged at 35 Trillion Yen.
  • Monthly JGB purchases at 1.8 Trillion.
  • FY2012 GDP rising 2.0% vs October forecast of 2.2%

USDSGD Daily

Written January 23, 2012 at 9:39 PM EST by  

The USDSGD pair is hovering around the 61.8% retracement. The USD sell off to start the new year could be short-lived and the pair could rally back to what was trendline support. A break lower quickly brings the 200day mavg in play.

USDHKD Hourly

Written January 23, 2012 at 9:07 PM EST by  

The USDHKD hourly chart below shows the pair could retest the short-term trendline resistance and the 100hr mavg in short order despite the holiday week in the far east.

Japan’s Cabinet Office Releases Fiscal Projections

Written January 23, 2012 at 7:29 PM EST by  

  • FY2015 Primary Deficeit will be 3.6% of GDP.
  • FY2020 Primary Deficeit will be 3.1% of GDP.

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