3-9 Economic Calendar
usd/twd finds resistance.
usd/twd finds resistance at the bottom of this wedge giving a bearish signal for this pair.
usd/sgd in the middle of the range of this sideways channel.
usd/sgd in the middle of the range of this sideways channel.
Chinese CPI (y/y) 3.2%; slightly worse than the 3.4% forecast and 4.5% prior reading.
Chinese PPI (y/y) 0.0%; slightly worse than the 0.1% expectation and 0.7% prior reading.
Lagarde the Fed is “doing everything it can” to support the U.S. economy.
- Says IMF may raise 2012 U.S. growth forecast from 1.8%.
- U.S. must deal with housing and the federal deficit.
Aussie trade balance -673 M; worse than the 1500 M survey.
- January exports fell 8% from a month earlier.
- Imports fell 1% from a month earlier.
On the worse than expected release the AUD sold lower against all of the major currencies. In the case of the Aussie versus the USD, the pair sold off and found support at 1.0619 where we find the 61.8% fibo line and the 100 hour moving average.
Japan M2 money stock (y/y) 2.9%; worse than the 3.1% forecast.
usd/inr looking to test the 50% retrancement level.
usd/inr looking to test the 50% retrancement level after this recently rally to 50.70 area.
oil/usd testing recent highs around 125
oil/usd testing recent highs around 125 which might provide some resistance for the pair.
Greek bank official says debt swap participation is around 85%.
Bank of Canada Rate Remains Unchanged at 1.00%
Bank of Canada Rate Remains Unchanged at 1.00%
Positive Inflation Comments by Draghi see Jump Up in Euro
Positive Inflation Comments by Draghi see Jump Up in Euro
Trading at 1.3261 at the time of writing






