Technical Analysis by ACFX

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Market outlook by ACFX 12/12/11

December 12th, 2011

Important Financial Indicators of the day
Forecast Previous
GBP Tentative BOE Gov King Speaks
USD 19:00 (GMT) Federal Budget Balance -138.0B -95.5B

Currencies
EUR/USD The dollar gained against most of its major counterparts before a German report tomorrow that may show investor confidence in Europes largest economy slid to a three-year low, boosting demand for safer assets.
o The dollar advanced 0.3 percent to $1.3349 per euro at 6:48 a.m. in London.
Asian currencies gained after European leaders took steps to contain their debt crisis and U.S. consumer confidence topped forecasts, easing concern that global growth is slowing.

USD/CAD The Canadian dollar reached its strongest level in five weeks as signs of growth in the U.S., the nations biggest trade partner, and Europes latest plans to tackle its debt crisis fueled appetite for riskier assets.
o Canadas currency, also known as the loonie for the image of the aquatic bird on the C$1 coin, appreciated 0.3 percent to C$1.0169 on friday.
Commodities
Gold prices fell more than 1 percent on Monday on technical selling and concerns that the European Union summit had stopped short of producing a convincing plan to solve the euro zone debt crisis.
o Spot gold lost as much as 1.5 percent to a two-week low of $1,684.19 an ounce, and regained some lost ground to $1,694.40 by 0411 GMT.

Oil slid in New York, extending last weeks decline, as concern Europe will be unable to tame its debt crisis countered Irans calls for production cuts before an OPEC meeting this week.
o Crude for January delivery fell as much as 37 cents to $99.04 a barrel in electronic trading on the New York Mercantile Exchange.

 

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December 14th, 2011 Market outlook

Important Financial Indicators of the day
Forecast Previous
GBP 09:30 (GMT) Claimant Count Change 16.1k 5.3k
USD 15:30 (GMT) Crude Oil Inventories -2.2M 1.3M

Currencies
EUR/USD The euro traded 0.2 percent from an 11-month low as European nations prepare to sell bonds amid concern the regions debt crisis is far from resolution.
o The euro traded little changed at $1.3033 as of 2:49 p.m. in Tokyo from $1.3037 yesterday in New York, when it touched $1.3009.
USD/CAD Canadas dollar dropped to its weakest level this month after the Federal Reserve supported the U.S. currency by refraining from taking new action to lower borrowing costs.
o The loonie depreciated 0.7 percent to C$1.0343 per U.S. dollar at 5 p.m. Toronto time after reaching C$1.0349, its weakest since Nov. 30.
NZD/USD New Zealand dollar traded within half a percent of two-week lows as concern Europes debt crisis may prompt sovereign downgrades sapped demand for riskier assets.
o New Zealands currency earlier fell to 75.41 cents, the weakest since Nov. 29, before trading little changed from yesterday at 75.66 U.S. cents.
Commodities
Gold rallied from the lowest level in almost eight weeks as the biggest two-day drop since September spurred more purchases and investor holdings climbed to a record, countering the effect of a stronger dollar.
o Immediate-delivery gold climbed as much as 0.7 percent to $1,642.82 an ounce and was at $1,638.57 at 6:33 a.m. in London.
Oil traded near a one-week high in New York on signs the Organization of Petroleum Exporting Countries may set an output ceiling similar to current levels at its meeting in Vienna today.
o Crude for January delivery was at $100.01 a barrel, down 13 cents, in electronic trading on the New York Mercantile Exchange at 3:52 p.m. Sydney time.
Equities
Asian stocks fell for a second day as the Federal Reserve refrained from taking new measures to spur growth and U.S. retail sales rose at the slowest pace in five months, clouding the earnings outlook for Asian exporters.
o The MSCI Asia Pacific Index fell 0.4 percent.
o Japans Nikkei 225 Stock Average (NKY) lost 0.4 percent
U.S. stocks fell, while the dollar and Treasuries rallied, as the Federal Reserve refrained from taking more steps to stimulate the economy and concern grew that European leaders wont agree on ways to expand the regions bailout capacities.
o The Standard & Poors 500 Index lost 0.9 percent.
o The S&P GSCI Index of commodities rose 1.5 percent.
European stocks climbed, rebounding from their biggest slide in three weeks, as Spain sold more securities than it had planned at a debt auction and a report showed that investor confidence in Germany improved.
o The Stoxx Europe 600 Index rose 0.5 percent.
o Frances CAC 40 Index (CAC) slid 0.4 percent.
o Germanys DAX Index lost 0.2 percent

 

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Technical Analysis & Market outlook by ACFX 15/12/11

December 15th, 2011

Important Financial Indicators of the day
Forecast Previous
CHF 8:30 (GMT) Libor Rate 0.25% 0.25%
GBP 09:30 (GMT) Retail Sales m/m -0.3% 0.6%
EUR 11:25 (GMT) ECB President Dragi Speaks
USD 13:30 (GMT) Unemployment Claims 389k 381k


Currencies
EUR/USD The euro traded 0.4 percent from the weakest level in 11 months against the dollar amid concern Europes sovereign-debt crisis will drive up borrowing costs for Spain at a bond auction today.
o The euro traded at $1.2993 as of 6:51 a.m. in London from $1.2983 in New York yesterday, when it dipped below $1.30 for the first time since January and touched $1.2946.
USD/CAD Canadas currency sank to the lowest in more than two weeks against its U.S. counterpart as concern European borrowing costs were reaching unsustainable levels sapped demand for riskier assets.
o The loonie, as the currency is known, traded 0.5 percent lower at C$1.0397 by 5 p.m. Toronto time after reaching $1.0424, the weakest since Nov. 28 when it touched C$1.0474.
NZD/USD New Zealand dollars fell against most of their 16 major peers on concern Europes sovereign-debt crisis will slow global economic growth, sapping demand for riskier assets.
o New Zealands currency fell 0.5 percent to 74.66 U.S. cents after touching 74.62 cents, the weakest since Nov. 28.



Commodities

Gold extended a rout into a fourth day as concern that Europes debt crisis is escalating boosted the dollar, raising the prospect that the precious metal may enter a bear market.
o Spot gold dropped 0.5 percent to $1,566.55 an ounce at 1:46 p.m. in Singapore.

Oil advanced from a five-week low in New York as investors speculated that yesterdays drop, the biggest since September, was exaggerated.
o Crude for January delivery increased as much as 83 cents to $95.78 a barrel in electronic trading on the New York Mercantile Exchange and was at $95.21 at 4:50 p.m. Sydney time.


Equities

Asian stocks fell for a third day amid signs of slowing economic growth in China and Japan, and as rising financing costs stoked concern Europe is losing its fight against debt.
o The MSCI Asia Pacific Index fell 1.6 percent.
o Japans Nikkei 225 Stock Average (NKY) decreased 1.2 percent.
U.S. stocks retreated, sending the Standard & Poors 500 Index lower for a third straight day, as growing funding stress in Europe fueled concern the region is struggling to contain its sovereign debt crisis.
o The Dow Jones Industrial Average dropped 131.46 points.
European stocks declined, with the benchmark Stoxx Europe 600 Index falling to its lowest level in two weeks, as the Federal Reserve refrained from taking new action to bolster the worlds largest economy.
o The Stoxx 600 plunged 2.1 percent.
o U.K.s FTSE 100 Index decreased 2.3 percent.
o Frances CAC 40 Index tumbled 3.3 percent.

 

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December 16th, 2011

Important Financial Indicators of the day
Forecast Previous
EUR 8:30 (GMT) ECB President Dragi Speaks
USD 13:30 (GMT) Core CPI 0.1% 0.1%
Currencies
EUR/USD The euro eased higher against the U.S. dollar during mid U.S. trade Thursday on stronger economic numbers.
EUR/USD hit a low of 1.2957 and a high of 1.3050 during U.S. trade, the pair was likely to find support at 1.2993 and technical resistance exists at 1.3019 where is trading higher at the moment of writing this report.
USD/JPY the yen declined against most of their major peers as evidence the U.S. economy is gaining momentum eased demand for havens.
USD/CAD Canadas currency advanced from almost its lowest level in two weeks as U.S. reports on employment and manufacturing indicated Canadas biggest trading partners economy is recovering.
The loonie appreciated 0.4 percent to C$1.0351 after yesterday reaching C$1.0424, the weakest since Nov. 28.
Commodities
Gold rebounded, trimming the worst weekly loss since September, as positive economic data from the U.S. eased demand for the dollar as a haven. Silver, platinum and palladium advanced.
Immediate-delivery gold rose for the first day in five, gaining as much as 0.7 percent to $1,580.77 an ounce and was trading at $1,579.98 at 8:54 a.m. in Singapore.
Oil rose from a six-week low as investors speculated that the biggest weekly decline since September is exaggerated.
Crude for January delivery rose as much as 48 cents to $94.35 a barrel in electronic trading on the New York Mercantile Exchange and was at $93.99 at 2:19 p.m. Singapore time.

 

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Technical Analysis & Market outlook by ACFX December 19th, 2011

December 19th, 2011
Currencies EUR/USD The dollar rose against most major peers after North Korean state television said national leader Kim Jong Il died, spurring concern instability may increase in the region and boosting demand for the U.S. currency as a haven. The dollar strengthened 0.3 percent to $1.3011 per euro as of 6:45 a.m. in London from the close in New York on Dec. 16.
AUD/USD The Australian dollar fell against 15 of its 16 major counterparts before the Reserve Bank releases minutes tomorrow of its December meeting when it cut interest rates for the second-straight month.
The Australian dollar fell 0.7 percent to 99.11 U.S. cents as of 4:03 p.m. in Sydney from 99.83 in New York on Dec. 16
Commodities
Gold declined, extending the worst weekly loss since September, as concern that Europes sovereign- debt crisis may be worsening and the death of North Korean leader Kim Jong Il boosted the dollar.
Spot gold fell as much as 1 percent to $1,583.57 an ounce, and traded at $1,589.13 by 2:11 p.m. in Singapore.
Oil dropped for a fourth day before Europes latest attempt to contain a sovereign debt crisis that threatens to slow economic growth and demand for fuel.
Crude for January delivery fell as much as 87 cents to $92.67 a barrel in electronic trading on the New York Mercantile Exchange and was at $92.76 at 12:51 p.m. Singapore time.

 

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Technical Analysis & Market outlook by ACFX 22/12/12

Currencies
EUR/USD The dollar traded 0.8 percent from an 11-month high versus the euro before European Central Bank President Mario Draghi speaks today amid concern policy makers are struggling to contain the euro regions debt crisis.
The U.S. currency traded at $1.3044 per euro as of 2:01 p.m. in Tokyo from $1.3047 in New York yesterday.

USD/CAD The Canadian dollar appreciated for a second day against its U.S. counterpart as crude oil advanced and the nations statistics agency reported retail sales growth that doubled economists predictions. The loonie, as the currency is known for the image of the waterfowl on the dollar coin, appreciated 0.3 percent to C$1.0266 per U.S. dollar at 5 p.m. Toronto time.

AUD/USD The Australian dollar dropped, snapping a two-day advance, amid concern the European Central Banks measures to boost liquidity may not stem the regions debt crisis. Australias currency fell 0.3 percent to $1.0070.

Commodities Gold declined as stronger-than- forecast demand for European Central Bank loans raised concern that the regions debt crisis remains uncontained, boosting the dollar and damping demand for alternative assets.
Spot gold fell as much 0.8 percent to $1,602.95 an ounce, and traded at $1,606.75 at 2:37 p.m. in Singapore.

Oil traded near the highest in more than a week as the biggest drop in U.S. crude inventories in a decade countered concern that Europes debt crisis will worsen.
Crude for February delivery was at $98.92 a barrel, up 25 cents, in electronic trading on the New York Mercantile Exchange at 2:22 p.m. Sydney time.

 

[ng_gang]

Redarding my position in options

Dear sir,
I hold 2 call options at 4900 strike price,3 call options at 5000 strike price,1 put at 4400, 1 put at 4500, 1 put at 4600 and 1 put at 4700.The expiry date is 29th december. now I am uncertain about all this.please guide me regarding these options holded.

 

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Technical Analysis & Market outlook by ACFX 23/12/11

Currencies
EUR/USD The dollar was set to fall against most of its 16 major peers this week as Asian shares extended a global rally, damping demand for lower-yielding assets.
The dollar dipped 0.3 percent to $1.3090 per euro as of 6:43 a.m. in London from the close in New York yesterday.

USD/CAD Canadas dollar appreciated to the highest in almost two weeks on speculation the economy of the U.S., the nations biggest trading partner, is recovering.
Canadas currency, nicknamed the loonie, gained 0.6 percent to C$1.0203 per U.S. dollar at 5 p.m. in Toronto.

USD/JPY The yen fell against most of its major peers as stock markets climbed amid reduced demand for haven assets and signs the U.S. economy is strengthening.
The yen weakened 0.1 percent to 78.17 dollars at 5 p.m. New York time.

Commodities
Gold climbed and was set for the first weekly gain in three after better-than-expected U.S. economic data damped demand for the dollar as a haven investment.
Spot gold snapped two days of losses to rise as much as 0.5 percent to $1,614.05 an ounce. It was at $1,611.45 at 12:48 p.m. in Singapore, up 0.8 percent this week.

Oil headed for its biggest weekly gain in almost two months in New York after U.S. economic reports indicated that growth in the worlds biggest crude consumer will accelerate. Crude for February delivery was at $99.87 a barrel, up 34 cents, in electronic trading on the New York Mercantile Exchange at 1:28 p.m. Singapore time.

 

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Technical Analysis & Marketoutlook by ACFX 25/11/11

Currencies EUR/USD The euro traded at almost its lowest level since January against the dollar as concern lingered that Europes debt crisis will slow regional economic growth.The euro was little changed at $1.3071 at 5 p.m. in New York.
USD/JPY The yen advanced against 13 of its 16 major counterparts as concern that Europes debt crisis will push up the regions borrowing costs and damp economic growth supported investor appetite for safer assets.
It rose 0.1 percent to 77.81 per dollar from 77.88. The Japanese currency has gained 4.3 percent against the dollar this year and 6.8 percent against the yen.
Commodities Oil traded near the highest level in six weeks after Iran threatened to block crude transportation through the Strait of Hormuz, increasing concern that global supplies will be curbed amid shrinking U.S. stockpiles.
Crude for February delivery was at $101.32 a barrel, down 2 cents, in electronic trading on the New York Mercantile Exchange at 1:43 p.m. Singapore time. It rose $1.66, or 1.7 percent.

 

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Technical Analysis & Market outlook by ACFX December 29th, 2011

Currencies EUR/USD The euro dropped against most major peers after the ECB said yesterday its balance sheet soared to a record after last weeks lending to banks in the region. The shared currency bought $1.2929 from $1.2941, after falling to as low as $1.2888, the weakest since Jan. 10.
USD/CAD The Canadian dollar fell as stocks dropped after the European Central Banks balance sheet soared to a record on lending to the regions banks, adding to concern fiscal turmoil will slow growth. The Canadian currency, nicknamed the loonie for the image of the aquatic bird on the C$1 coin, dropped 0.6 percent to C$1.0244 per U.S. dollar at 5 p.m. Toronto time.
AUD/USD The Australian dollar traded 0.1 percent from a one-week low against the greenback as concern increased that Europes debt crisis may deepen, damping demand for higher-yielding assets. The Australian dollar traded at $1.0086 at 10:40 a.m. in Sydney from $1.0094 yesterday in New York, when it touched $1.0071, the lowest since Dec. 22
Commodities Oil declined for the first time in seven days as a surge in the European Central Banks balance sheet to a record highlighted the growing risks of the regions debt crisis and threatening fuel demand. Crude oil for February delivery fell $1.98 to $99.36 a barrel on the New York Mercantile Exchange.
Gold fell, capping the longest slump since October 2009, and silver tumbled to a three-month low as Europes deepening debt crisis drove commodities and stocks lower Gold futures for February delivery declined 2 percent to settle at $1,564.10 at 1:47 p.m. on the Comex in New York. The price dropped for the fifth straight session, the longest slide since October 2009.
Equities Asian stocks (MXAP) dropped for a third day, with the regions benchmark index heading for its first full-year decline since 2008, after a surge in lending by the European Central Bank highlighted the magnitude of the regions debt crisis.