Tue, 09 Feb 2010 17:32:06 +0000Oil prices extended gains Tuesday as the dollar weakened against the euro after concerns over Europe's debt crisis eased.
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Tue, 09 Feb 2010 17:32:06 +0000ATLANTA----The Coca-Cola Company reports solid fourth quarter 2009 operating results, with unit case volume increasing 5 percent, successfully cycling 4 percent growth in the prior year quarter.
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Tue, 09 Feb 2010 17:32:06 +0000The British Pound failed to hold ground during the overnight trade and weakened against the greenback for the fifth day to reach a low of 1.5566, and the currency is likely to face increased volatility over the next 24 hours of trading as the Bank of England is scheduled to release its quarterly inflation report tomorrow at 13:30 GMT.
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Tue, 09 Feb 2010 17:32:06 +0000NEW YORK----Global Traffic Network, Inc. , a leading provider of custom traffic and news reports to radio and television stations outside the U.S., today announced its results for fiscal second quarter ended December 31, 2009.
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Tue, 09 Feb 2010 17:32:06 +0000PRINCETON, N.J.----Church & Dwight Co., Inc. today announced that full-year 2009 reported earnings per share increased 23% to $3.41 per share compared to $2.78 per share in the prior year.
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Tue, 09 Feb 2010 17:32:06 +0000Gold 02-09 (Daily FX)
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Tue, 09 Feb 2010 17:32:06 +0000US Dollar / Swiss Franc 02-09 (Daily FX)
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Tue, 09 Feb 2010 17:32:06 +0000US Dollar / Canadian Dollar 02-09 (Daily FX)
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Tue, 09 Feb 2010 17:32:06 +0000US Dollar / Japanese Yen 02-09 (Daily FX)
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Tue, 09 Feb 2010 17:32:06 +0000The AUDUSD and NZDUSD have rallied sharply and are nearing resistance levels from former support. Watch the 7000 level in NZDUSD.
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Tue, 09 Feb 2010 17:32:06 +0000Australian Dollar / US Dollar 02-09 (Daily FX)
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Tue, 09 Feb 2010 17:32:06 +0000The Canadian dollar has found support on a surge in risk appetite due to speculation that Greece will receive help with their budget issues. Rumors aren’t enough to generate a sustainable rally which may limit further downside potential for the USD/CAD with solid support below.
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Tue, 09 Feb 2010 17:32:06 +0000The dollar slipped against the euro on Tuesday amid anticipation that European officials will help Greece lower its mounting debt.
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Tue, 09 Feb 2010 17:32:06 +0000British Pound / US Dollar 02-09 (Daily FX)
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Tue, 09 Feb 2010 17:32:06 +0000Euro/ US Dollar 02-09 (Daily FX)
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Tue, 09 Feb 2010 17:32:06 +0000The U.K. visible trade balance widened to 7.3 billion pounds which was the widest in almost a year, as imports rose faster than exports. Imports rose 5.2 percent, while exports climbed 4.5 percent on the month.
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Tue, 09 Feb 2010 17:32:06 +0000Light Crude 02-09 (Daily FX)
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Tue, 09 Feb 2010 17:32:06 +0000European governments have agreed in principle to support struggling euro-zone member Greece and are considering various options, including bilateral aid, a senior German coalition source said on Tuesday.
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Tue, 09 Feb 2010 17:32:06 +0000The New Zealand dollar retraced the previous day’s decline and is the best-performing currency against the greenback on Tuesday, while the Japanese Yen weakened across the board following the rise in risk appetite.
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Tue, 09 Feb 2010 17:32:06 +0000The euro is under siege -- and the next few days will be crucial. Financial markets are betting heavily that Greece's crushing debt could drag down the euro currency and force reluctant EU leaders into an embarrassing bailout.
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Tue, 09 Feb 2010 16:28:19 +0000US STOCKS-Wall St higher on Greece hopes as commodities lead
Reuters - 1 hour ago
By Rodrigo Campos NEW YORK, Feb 9 (Reuters) - US stocks rose on Tuesday, led by commodity-related stocks, as speculation Greece would get help from the European Union to cut the country's deficit ...
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Tue, 09 Feb 2010 16:11:57 +0000Gold To Wane As US Dollar Reaches Its Bottom
The Wall Street Transcript - 1 hour ago
With little further to fall, a soon-to-recover US dollar may signify the end of gold's “safe-haven” pricing and purchasing by the world's central banks, according to Commodity Strategist David ...
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Tue, 09 Feb 2010 15:46:18 +0000Allendale Early Calls: Cattle Weights Down From Cold Stress, Corn Supported By Weaker Dollar
CattleNetwork.com - 1 hour ago
March US dollar is down 39 at 80.05. March crude is up $1.04 at $72.93. March Dow futures are up 68. The Dow index has fallen 8% from the 1/19 high to the 2/5 low. -EU officials will meet on ...
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Tue, 09 Feb 2010 14:50:16 +0000Hopes of tackling budget deficit in Greece sap demand on refuges
ecPulse - 2 hours ago
The Japanese yen and US dollar trimmed their last week gains on hopes the EU during their summit next week will put measures to help Greece to rein in their budget deficit. The optimistic news ...
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Tue, 09 Feb 2010 14:28:10 +0000Gold Price Surges to $1,075 – Gold Bulls vs. Bears
GoldAlert - 3 hours ago
The gold price rallied $14.00 to $1,077.50 as traders and investors increased exposure to the price of gold amidst short covering in euro positions. The precipitous decline in the euro versus the ...
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Tue, 09 Feb 2010 14:21:03 +0000BASE METALS: Comex Copper Rises As Summit Hopes Buoy Euro
Wall Street Journal - 3 hours ago
By Allen Sykora Hopes that a European summit later this week will alleviate euro-zone debt concerns has undermined the US dollar and enabled copper futures to rally for the second day in a row ...
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Tue, 09 Feb 2010 14:10:44 +0000Stock markets climb on hopes that EU will resolve Greece debt issues (Dollar-Markets)
Oilweek Magazine - 3 hours ago
TORONTO _ The Toronto stock market was well into positive territory late Tuesday morning as investors hoped that European leaders will move to address worries about severe government debt issues ...
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Tue, 09 Feb 2010 13:53:57 +0000Trade on interbank market opens with rise in currency quotations
NRCU - Ukrainian Radio - 3 hours ago
The trade on Ukraine's interbank currency market on Tuesday opened with a slight rise in currency quotations - to UAH 8.0620-8.0830/USD 1 and UAH 11.0602-11.0925/EUR 1. The trade on the interbank ...
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Tue, 09 Feb 2010 13:46:23 +0000France's Lagarde welcomes stronger US dollar
Reuters US - 3 hours ago
PARIS, Feb 9 (Reuters) - The US dollar's appreciation in recent days is good news for European exporters, French Economy Minister Christine Lagarde said on Tuesday. "We have always said we want a ...
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Tue, 09 Feb 2010 13:43:22 +0000CANADA FX DEBT-C$ gains, bonds fall, on Greek rescue speculation
Reuters - 3 hours ago
TORONTO, Feb 9 (Reuters) - Canada's currency firmed against the US dollar on Tuesday as risk sentiment increased on speculation that initiatives are underway to help fix Greece's debt problems ...
Loonie gains, bonds fall, on Greek rescue speculation - Reuters Canada
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Tue, 09 Feb 2010 08:51:06 +0000As the British pound continued to find decent demand above yesterdays low at 1.5535, suggesting further consolidation above there would take place and retracement to 1.5700 and later to the Kijun-Sen (now at 1.5759) cannot be ruled out, however, renewed selling interest should emerge around 1.5800/03 (50% Fibonacci retracement of...
Actionforex >>
Tue, 09 Feb 2010 08:49:29 +0000As the greenback has moved lower again and just tested the Kijun-Sen, suggesting a temporary top has possibly been formed at 1.0800 last Friday and consolidation with mild downside bias is seen for further fall to 1.0644 (previous resistance turned support), however, break there is needed to confirm and bring...
Actionforex >>
Tue, 09 Feb 2010 08:24:33 +0000Although the single currency has continued to edge higher after falling to 1.3585 last Friday, suggesting retracement of recent decline is underway and a break of the Kijun-Sen (now at 1.3798) would bring correction towards resistance at 1.3851 (previous support turned resistance), however, renewed selling interest should emerge around 1.3902...
Actionforex >>
Tue, 09 Feb 2010 08:23:07 +0000Despite intra-day brief bounce to 89.82, as dollar has retreated after faltering below the Kijun-Sen, suggesting further consolidation would be seen, below Fridays low at 88.82 is needed to signal recent fall from 93.78 has resumed and bring retest of 88.55, break would extend weakness towards 88.32, however, loss of...
Actionforex >>
Tue, 09 Feb 2010 07:24:35 +0000EUR/USD recovers further to as high as 1.3770 so far today and further rise could still be seen. Nevertheless, upside is still expected to be limited by 1.3852 support turned resistance and bring fall resumption. Below 1.3641 minor support will flip intraday bias back to the downside. Further break of...
Actionforex >>
Tue, 09 Feb 2010 07:20:55 +0000Intraday bias in GBP/USD remains neutral as consolidation from 1.5534 continues. Another rise cannot be ruled out but upside should be limited by 1.5849 resistance and bring fall resumption. Below 1.5534 will target 100% projection of 1.6875 to 1.5829 from 1.6456 at 1.5410 next.
Actionforex >>
Tue, 09 Feb 2010 07:18:38 +0000No change in USD/JPY's outlook as consolidations from 88.57 is still in progress. Another recovery cannot be ruled out but upside is expected to be limited below 91.26 resistance and bring fall resumption. Below 88.57 will target 87.36 support first. Break will confirm that whole rise from 84.10 has completed...
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Tue, 09 Feb 2010 07:06:28 +0000USD/CHF's pull back from 1.0793 is still in progress and drops to as low as 1.0654 so far. Further decline could still be seen to 4 hours 55 EMA (now at 1.0612) but after all, downside is expected to be contained by 1.0497/0640 support zone and bring rally resumption. Above...
Actionforex >>
Tue, 09 Feb 2010 07:05:18 +0000Euro's recovery extends further today as the common currency is lifted by speculation of a bailout package from EU for Greece. The speculation started when ECB President Trichet left Australia earlier than planned to attend a council meeting on Thursday. And it's speculated that a deal for Greece bailout would...
Actionforex >>
Tue, 09 Feb 2010 03:22:41 +0000Although the single currency has moved higher again and test of indicated resistance at 123.33 (Friday's high) is likely, still needs to break this level to signal the wave v of the c leg from 134.37 has possibly ended at 120.70 and bring correction of recent decline towards 124.45 (wave...
Actionforex >>
Tue, 09 Feb 2010 03:21:17 +0000The Australian dollar continued to edge higher as we suggested in our previous update and we are keeping our count that minor wave iii of recent C leg decline from 0.9331 has ended at 0.8578 and consolidation would take place in wave iv for recovery towards 0.8846 (38.2% Fibonacci retracement...
Actionforex >>
Tue, 09 Feb 2010 02:46:50 +0000Despite rising to indicated resistance at 1.7113 again, as the British pound retreated after failing to penetrate this level, suggesting further consolidation would take place and mild downside bias is seen for weakness to 1.6500 and then 1.6400. However, only a break of support at 1.6317 would signal the wave...
Actionforex >>
Tue, 09 Feb 2010 02:43:48 +0000The British pound fell in line with our expectation and the breach of indicated support at 1.5832 together with subsequent selloff to 1.5535 yesterday confirm our bearish count that the decline from 1.6879 (failed 5th) is still in progress with wave i ended at 1.5832, wave ii at 1.6459 and...
Actionforex >>
Tue, 09 Feb 2010 02:09:51 +0000The British pound continued to move lower after breaking indicated support at 1.5832, price then fell below support at 1.5708, confirming a downside break of indicated range of 1.5708-1.7044 has taken place and almost reached our suggested target at 1.5500 (yesterday's low is 1.5535). As the chart showed a weekly...
Actionforex >>
Tue, 09 Feb 2010 02:08:15 +0000The greenback surged as expected and easily met our indicated upside target at 1.0696 (38.2% Fibonacci retracement of 1.1967 to 0.9910) and 1.0800 (exactly last week's high), confirming our view that medium term decline from 1.2298 has ended last year at 0.9910 and upside bias remains for stronger retracement of...
Actionforex >>
Tue, 09 Feb 2010 01:36:14 +0000With 4 hours MACD crossed above signal line, an intraday low should be in place in GBP/JPY at 138.23. Bias is turned neutral and stronger recovery might be seen. But still, upside is expected to be limited by 143.04 support turned resistance and bring fall resumption. Below 138.23 will target...
Actionforex >>
Tue, 09 Feb 2010 01:32:07 +0000With 4 hours MACD crossed above signal line, an intraday low should be in place at 120.69 and some more consolidation should now be seen. Stronger recovery cannot be ruled out but upside should be limited by 124.73 support turned resistance and bring fall resumption. Below 120.69 will target 100%...
Actionforex >>
Tue, 09 Feb 2010 01:27:22 +0000At this point, intraday bias in EUR/GBP remains neutral. However, note that decisive break of 0.8792 resistance will be the first signal that the cross has already bottomed out at 0.8601 already. In such case, intraday bias will be turned to the upside and stronger rise should be seen towards...
Actionforex >>
Tue, 09 Feb 2010 01:23:21 +0000Intraday bias in EUR/CHF remains neutral for the moment and more sideway trading should be seen above 1.4557 in near term. Stronger recovery cannot be ruled out, and EUR/CHF might climb to above 1.4820. But after all, we'd expect strong resistance ahead of 1.5 psychological level to limit any rebound...
Actionforex >>
Tue, 09 Feb 2010 00:05:22 +0000As the greenback has continued to trade sideways after early rally to 1.0800 (Friday's high), suggesting further consolidation below there would be seen and pullback to the Kijun-Sen (now at 1.0647) is likely, however, dollar should find decent demand around 1.0580/85 (approx. 38.2% Fibonacci retracement of 1.0227 to 1.0800) and...
Actionforex >>
Tue, 09 Feb 2010 00:00:00 +0000Market Overview
The yen fell against high-yielding units in Asia Tuesday as an upturn in Chinese stocks helped reduce risk aversion, prompting investors to buy back riskier currencies such as the euro.
Although the European Union is slated to hold a summit on Thursday, traders expect the organization to fail to offer detailed plans on how to deal with the fiscal crisis in Greece, Spain and Portugal.
If such an event transpires, growing skepticism about the European economies could drag down local share prices, which would make more players reluctant to take risks and rekindle demand for the safe-haven yen, they said.
As of 0450 GMT, the euro climbed to JPy122.40 from JPY121.97 in New York Monday and to USD1.3691 from USD1.3659.
Elsewhere, the greenback rose against the yen after Federal Reserve Bank of St. Louis President James Bullard said earlier in the day the discount rate the Fed charges banks for emergency loans could go up fairly soon as part of its plans to end its liquidity programs.
The British pound tumbled to 8-1/2 month low of USD1.5535 versus the dollar as broad concerns about sovereign debt highlighted Britain's own grim fiscal position and an ICM Ltd. survey for the Sunday Telegraph newspaper showed the U.K. opposition Conservative party’s lead over Prime Minister Gordan Brown’s Labour party narrowed to nine points, suggesting the election that must be held by June will fail to produce a clear winner.
The Australian dollar finished slightly higher in Asia trade Tuesday, although continued trepidation about the global economy drove investors into the safety of long-dated bonds.
Market expectation
Dealers say the Japanese unit could make a turnaround in the near term amid lingering sovereign debt worries in euro-zone nations.
EURUSD traders flash up that that a semi officials name was met with sell interest above USD1.3740. Rate currently trades around USD1.3734, off highs at USD1.3744.
The euro-yen has been faring better this morning as more talk of a rescue plan for Greece filters through the market. The euro-yen has rallied steadily overnight and we have seen acceleration as traders from Europe and London join the move. Talk of good resistance waits at the JPY123.30 area; market currently JPY122.99 just off of the recent highs.
For Pound offers seen placed between USD1.5650/60, a break above to open a move toward USD1.5670/75 ahead of stronger area between USD1.5700/10.
European stocks are expected to open lower Tuesday, following a late selloff on Wall Street, where the Dow Jones Industrial Average closed below the psychologically important 10,000 level for the first time in three months.
Market participants are focused on comments from Federal Reserve Chairman Ben Bernanke, who is set to appear before House lawmakers Wednesday.
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