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21 Feb 2013
Session Recap: US data scares risk; Euro & Canadian hurt
Bad Jobless and Philly Fed Manufacturing data hurt risk appetite on Thursday with the Greenback rising on its safe haven status and the Euro, Canadian Dollar and US equities weakening. Philly Fed Manufacturing index was the biggest bad news as the February figures posted an unexpected decline to -12.5 from -5.8 in January. Market waited a improvement to 1.0 points in the second month of the year.
The USD/CAD rose to test the 1.0200 resistance, highest since July 2012 and the EUR/USD fell to 1.3160, lowest since January 10th. EUR/USD remains slightly bearish with MACD and CCI pointing bear in the 15-minutes timeframe while Momentum is bullish. In the 1-hour chart, CCI and Momentum are bearish while Stochastic is bullish and the MACD is neutral.
Main Headlines in America:
US: Initial Jobless Claims rose to 362K
US: CPI rose 1.6% in January, matching estimates
France expected to miss 2013 deficit target
US: Manufacturing PMI fell to 55.2 in February
Commodities Brief – Gold escapes ‘death cross’, precious metals fall ahead of US opening
American equity markets unable to rebound Thursday
US: Philadelphia Fed Manufacturing Index disappoints at -12.5 in February
Fundamental Afternoon Wrap: You don´t know what EUR´ve got till it´s gone
Session Recap: USD keeps shining
Forex: EUR/USD moves above 1.3200, Fed's Bullard still ahead
Forex: GBP/USD consolidates above 1.5200
Forex: USD/JPY moving lower again, eyeing Fed's Bullard
Forex: USD/CAD eyes on key level at 1.0200
Bearish pressure increases on the Euro
Fed’s Bullard: Asset purchases could be ‘reduced somewhat’ as labor markets ‘improve somewhat’
US markets in red as FOMC weights, dollar firmly up
Forex: AUD/USD bounces from 4-month low
The USD/CAD rose to test the 1.0200 resistance, highest since July 2012 and the EUR/USD fell to 1.3160, lowest since January 10th. EUR/USD remains slightly bearish with MACD and CCI pointing bear in the 15-minutes timeframe while Momentum is bullish. In the 1-hour chart, CCI and Momentum are bearish while Stochastic is bullish and the MACD is neutral.
Main Headlines in America:
US: Initial Jobless Claims rose to 362K
US: CPI rose 1.6% in January, matching estimates
France expected to miss 2013 deficit target
US: Manufacturing PMI fell to 55.2 in February
Commodities Brief – Gold escapes ‘death cross’, precious metals fall ahead of US opening
American equity markets unable to rebound Thursday
US: Philadelphia Fed Manufacturing Index disappoints at -12.5 in February
Fundamental Afternoon Wrap: You don´t know what EUR´ve got till it´s gone
Session Recap: USD keeps shining
Forex: EUR/USD moves above 1.3200, Fed's Bullard still ahead
Forex: GBP/USD consolidates above 1.5200
Forex: USD/JPY moving lower again, eyeing Fed's Bullard
Forex: USD/CAD eyes on key level at 1.0200
Bearish pressure increases on the Euro
Fed’s Bullard: Asset purchases could be ‘reduced somewhat’ as labor markets ‘improve somewhat’
US markets in red as FOMC weights, dollar firmly up
Forex: AUD/USD bounces from 4-month low