| 12 February 2016, Time of Writing: 09:00 am |
Trader Daily Market Update |
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| Major Calendar News |
| Time (GMT) | Name | Country | Vol. | Prev. | Cons. | Sentiment |
|---|
| 10:00 | Flash GDP q/q | EUR | Med. | 0.3% | 0.3% | Neutral | | All Day | ECOFIN Meetings | EUR | Med. | - | - | Neutral | | 13:30 | Core Retail Sales m/m | USD | High | -0.1% | 0.0% | Negative | | 13:30 | Retail Sales m/m | USD | High | -0.1% | 0.1% | Neutral | | 13:30 | Import Prices m/m | USD | Med. | -1.2% | -1.4% | Negative | | 15:00 | Preliminary UoM Consumer Sentiment | USD | High | 92.0 | 92.6 | Neutral | | 15:00 | FOMC Member Dudley Speech | USD | Med. | - | - | Dovish |
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| Vol.: Volatility; Prev.: Previous; Cons.: Consensus |
| Key Support/Resistance Levels |
| H4 | R2 | R1 | Pivot | S1 | S2 |
|---|
| EURUSD | 1.1422 | 1.1369 | 1.1321 | 1.1267 | 1.1220 | | GBPUSD | 1.4655 | 1.4567 | 1.4476 | 1.4385 | 1.4294 | | USDJPY | 114.41 | 113.44 | 112.21 | 111.24 | 110.01 | | AUDUSD | 0.7236 | 0.7179 | 0.7081 | 0.7025 | 0.6926 | | USDCAD | 1.4026 | 1.3988 | 1.3942 | 1.3868 | 1.3822 |
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| Latest News |
Stock markets in Japan extended their rout, plunging 4.8% after coming back from a public holiday and driving USDJPY to temporarily fall once again below 112 this morning. Yesterday, USDJPY hit a new 1.5 year low when it touched 110.95, as investors rushed into safe-haven investments such as the Yen, Swiss Franc and Gold. Meanwhile, USDCAD is down 0.2% in early trading despite oil trading 4% higher, after a Wall Street Journal report published stated that OPEC was willing to cooperate on production cuts in oil, as investors remain sceptic to such headlines. The economic calendar picks up as the week is slowly coming to an end, beginning with Flash GDP figures out of the Eurozone, which are forecasted to show a growth of 0.3% month-on-month for the final three months of 2015. The US will once again be in the spotlight, with the release of retail sales which have remained stubbornly low despite economists touting that savings from lower gas prices would motivate consumers to spend more in stores. Next, consumer sentiment in the US is expected to remain relatively unchanged at 92.6. Lastly, FOMC member William Dudley is scheduled to speak in New York following two consecutive days of testimony from FED Chair Janet Yellen. |
| Daily Technical Analysis |
| | Summary: | Trend: | Momentum: | Daily Target: | Volatility (14D): |
|---|
| EURUSD | NEUTRAL | BUY | SELL | 1.1215 - 1.1415 | 117 Pips | | GBPUSD | NEUTRAL | SIDEWAYS | NEUTRAL | 1.4380 - 1.4580 | 147 Pips | | USDJPY | NEUTRAL | SELL | BUY | 110.85 - 113.45 | 173 Pips | | AUDUSD | NEUTRAL | SIDEWAYS | NEUTRAL | 0.7020 - 0.7215 | 106 Pips | | USDCAD | NEUTRAL | SIDEWAYS | NEUTRAL | 1.3785 - 1.4055 | 158 Pips |
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| Daily Technical Analysis is conducted using proprietary technology based on advanced methods of time-series analysis and custom build technical indicators. Detailed quantitative analysis of the market state on different timeframes let us accurately evaluate current Trend and Momentum. Going further we deduce the daily target from the multiple factors such as long and short term momentum, different volatility measures, mode of market behaviour and other characteristics. For a ranged market we will show a range instead of a single number. |
| Daily Forecasts |
| | Spot Price* | Last Update | 1 Day | 1 Week | 1 Month |
|---|
| EURUSD | 1.1297 | 12/02/2016 | 1.1380 | 1.11 | 1.10 | | GBPUSD | 1.4463 | 12/02/2016 | 1.4380 | 1.43 | 1.43 | | USDJPY | 112.71 | 12/02/2016 | 113.45 | 114 | 115 | | AUDUSD | 0.7102 | 12/02/2016 | 0.7025 | 0.69 | 0.69 | | USDCAD | 1.3910 | 12/02/2016 | 1.3860 | 1.40 | 1.40 |
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*spot prices as of 07:00GMT Daily Forecasts consists of both technical and fundamental analysis as well as a review of open sources from major FX contributors. |
