Technical Analysis by ACFX

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January 19th, 2012

Currencies EUR/USD The dollar maintained a two-day decline against the euro amid signs the U.S. economy is gaining momentum and as Asian stocks extended a global rally, damping demand for haven currencies.
The greenback was unchanged at $1.2863 per euro as of 6:53 a.m. in London from yesterday in New York, when it slid 1 percent, the most since Nov. 11.

AUD/USD Australias dollar declined yesterday after a government report showed the nations employers unexpectedly cut jobs in December.
Australias dollar fell 0.5 percent to $1.0384 at 4:48 p.m. in Sydney.

Commodities Oil declined in New York as the Obama administration denied a permit for TransCanada Corp. (TRP)s Keystone XL pipeline, which would have carried crude to U.S. Gulf Coast refineries from Albertas oil sands.
Crude oil for February delivery fell 12 cents to settle at $100.59 a barrel on the New York Mercantile Exchange.

Gold futures climbed to the highest settlement price in five weeks as a slumping dollar boosted the appeal of the precious metal as an alternative asset.
Gold futures for February delivery rose 0.3 percent to close at $1,659.90 an ounce at 1:39 p.m. on the Comex in New York, the highest settlement since Dec. 13.
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January 20th, 2012

Important Financial Indicators of the day Forecast Previous
GBP 09:30 (GMT) Retails Sales 0.6% -0.4%
CAD 12:00 (GMT) Core CPI m/m -0.2% 0.1%
USD 15:00 ( GMT) Existing Home Sales 4.65M 4.42M
Currencies EUR/USD The 17-nation euro strengthened yesterday as Spain and France sold bonds at lower yields in their first sales of medium and long-term debt since being downgraded by Standard & Poors.
The dollar has fallen 2.3 percent versus the euro since Jan. 13.

USD/CAD Canadas dollar was little changed against its U.S. counterpart as a decline in crude oil countered a rally in equities.
Canadas currency, also known as the loonie, was little changed at C$1.0108 per U.S. dollar at 5 p.m. in Toronto after touching C$1.0071, the most since Dec. 8.

Commodities Oil rose in New York, extending its gain for the week, as investors bet fuel demand will rise along with an economic recovery in the U.S.
Crude for February delivery advanced as much as 35 cents to $100.74 in electronic trading on the New York Mercantile Exchange at 4:36 p.m. Sydney time.

Gold regained strength on Friday after an early drop in prices spurred bargain hunting
from investors in Asia, while a steady euro and rising equities offered additional support for the metal, which is heading for its third week of gains.
Spot gold added 0.07 percent to $1,657.89 an ounce by 0718 GMT after falling to a low around $1,653.
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January 26th, 2012

Currencies EURUSD The dollar traded 0.1 percent from the least in five weeks against the euro after the Federal Reserve extended its pledge to keep interest rates low until late 2014.
The dollar traded at $1.3118 per euro as of 2:51 p.m. in Tokyo from $1.3106 in New York yesterday, when it dropped to $1.3121, the lowest level since Dec. 21
USDCAD Canadas dollar gained to the strongest in almost three months after U.S. policy makers said their key interest rate will stay at almost zero until at least late 2014, boosting the attraction of Canadas 1 percent rate.
Canadas currency, appreciated 0.5 percent to C$1.0043 per U.S. dollar at 5 p.m. Toronto time.
Commodities OIL rose for a second day in New York on speculation that a Federal Reserve pledge to keep U.S. interest rates low will bolster economic growth and boost fuel demand in the worlds biggest crude consumer.
Crude for March delivery rose as much as 84 cents to $100.24 a barrel on the New York Mercantile Exchange and was at $100.21 at 2:16 p.m. Singapore time.
Gold jumped to its strongest in more than a month on Thursday after a promise by the U.S. Federal Reserve to keep rock-bottom rates for at least two more years helped burnish the metal's safe-haven appeal.
Spot gold was hardly changed at $1,709.19 an ounce by 0036 GMT after earlier hitting a high of $1,713.59 an ounce, its highest since mid-December.
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January 27th, 2012

Currencies EURUSD The dollar traded 0.1 percent from the least in five weeks against the euro after the Federal Reserve extended its pledge to keep interest rates low until late 2014.
The dollar traded at $1.3118 per euro as of 2:51 p.m. in Tokyo from $1.3106 in New York yesterday, when it dropped to $1.3121, the lowest level since Dec. 21

USDCAD Canadas dollar gained to the strongest in almost three months after U.S. policy makers said their key interest rate will stay at almost zero until at least late 2014, boosting the attraction of Canadas 1 percent rate.
Canadas currency, appreciated 0.5 percent to C$1.0043 per U.S. dollar at 5 p.m. Toronto time.

Commodities OIL rose for a second day in New York on speculation that a Federal Reserve pledge to keep U.S. interest rates low will bolster economic growth and boost fuel demand in the worlds biggest crude consumer.
Crude for March delivery rose as much as 84 cents to $100.24 a barrel on the New York Mercantile Exchange and was at $100.21 at 2:16 p.m. Singapore time.

Gold jumped to its strongest in more than a month on Thursday after a promise by the U.S. Federal Reserve to keep rock-bottom rates for at least two more years helped burnish the metal's safe-haven appeal.
Spot gold was hardly changed at $1,709.19 an ounce by 0036 GMT after earl r hitting a high of $1,713.59 an ounce, its highest since mid-December.
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January 31st, 2012

Currencies EUR/USD The dollar weakened against most of its major peers after Greek Prime Minister Lucas Papademos said progress had been made in debt-swap talks with bondholders, snapping demand for a refuge from Europes fiscal crisis.
The U.S. currency dropped 0.3 percent to $1.3184 per euro as of 6:36 a.m. in London
USDJPY The greenback fell as much as 0.2 percent to 76.18 yen, the lowest since Oct. 31, before trading at 76.30.
USDCAD Canadas dollar fluctuated versus its U.S. counterpart and climbed against most of its other major peers as sparring over a second bailout for Greece spurred demand for safety.
Canadas dollar, was little changed at C$1.0015 per U.S. dollar at 5 p.m. Toronto time.
Commodities OIL gained as investors speculated that fuel demand will climb after industrial output rose more than forecast in Japan, the third-biggest crude consumer.
Crude for March delivery gained as much as 79 cents to $99.57 a barrel in electronic trading on the New York Mercantile Exchange.
Gold : Gold ticked up on Tuesday after the euro recouped some losses, while bullion prices headed for their biggest monthly rise since August as lingering concerns about growth in the United States prompted buying from investors.
Gold added $7.05 an ounce to $1,735.69 by 0315 GMT, having hit a low around $1,716 on Monday.
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February 2nd, 2012

Currencies EUR/USD The 17-nation euro held yesterdays gain versus the greenback after German Chancellor Angela Merkel said Europe must be united in protecting stability in the currency.
The dollar dropped 0.1 percent to $1.3178 per euro as of 6:37 a.m. in London from $1.3161 in New York yesterday when it slid 0.6 percent.
USD/JPY A gauge of volatility for the yen climbed to the highest this year amid speculation Japan will intervene in the foreign-exchange market.
The Japanese currency traded at 76.12 per dollar, 1 percent from the record high of 75.35 set on Oct. 31.
AUD/USD Australias dollar reached a five-month high after a report showed the nations trade surplus widened in December to A$1.71 billion ($1.83 billion) from a revised A$1.34 billion the previous month.
Australias dollar climbed 0.2 percent to $1.0726 after touching $1.0757, the most since Sept. 1.
Commodities Oil traded near the lowest in six weeks as U.S. crude stockpiles increased more than estimated and gasoline use fell to a 10-year low.
Crude for March delivery was at $97.40 a barrel, down 21 cents, in electronic trading on the New York Mercantile Exchange at 12:55 p.m. Singapore time.
Gold advanced to the highest level in eight weeks, gaining alongside equities and other commodities, as global manufacturing improved, weakening the dollar and boosting demand for alternative investments.
Gold rallied as much as 0.5 percent to $1,751.97 an ounce, the most expensive since Dec. 8, and traded at $1,746.30 at 1:20 p.m. in Singapore.
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February 3rd, 2012

Currencies EUR/USD headed for a weekly decline against all of its 16 major peers as Greece and its creditors struggle to reach an agreement on a debt swap.The euro was little changed at $1.3140 as of 2:40 p.m. in Tokyo from $1.3144 in New York yesterday, set for a 0.6 percent weekly decline.
USD/JPY traded within one yen of a postwar high versus the dollar, raising speculation the country will intervene to weaken it.The yen traded at 76.19 per dollar from 76.22. It rose to as high as 76.03 on Feb. 1, approaching the post-World War II record of 75.35 set on Oct. 31.
AUD/USD fell from near five-month highs as Asian stocks dropped, curtailing a global advance in equities and reducing demand for riskier assets.Australias dollar declined 0.2 percent to $1.0691 from yesterday, when it reached $1.0757, its strongest since Sept. 1.
Commodities Oil traded near a six-week low before a report forecast to show the U.S. added fewer jobs last month than in December.Crude for March delivery was at $96.56 a barrel, up 20 cents, in electronic trading on the New York Mercantile Exchange at 1:32 p.m. Singapore time. The contract fell 1.3 percent to $96.36 yesterday, the lowest since Dec. 19.
Gold advanced to the highest level in eight weeks, gaining alongside equities and other commodities, as global manufacturing improved, weakening the dollar and boosting demand for alternative investments. Gold rallied as much as 0.5 percent to $1,751.97 an ounce, the most expensive since Dec. 8, and traded at $1,746.30 at 1:20 p.m. in Singapore.
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February 7th, 2012

Currencies EUR/USD declined for a 2nd day before Greek PM Lucas Papademos share out details to the other 3 parties in regards to the details of measures to be held on nation in order to control and solve the debt issue. The euro dropped 0.2% to $1.3107 as of 2:23 p.m. in Tokyo from the close in NY yesterday when it fell 0.2%. It was little changed at 100.56 yen. Japans currency weakened 0.2 percent to 76.73 per USD
USD/JPY The dollar was little changed against the Japanese yen as traders consider whether Tokyo will intervene in currency markets
The dollar bought 76.58 Japanese Yens, versus 76.62 JPY that was traded on late Friday.
AUD/USD gained against all of its 16 major counterparts after the Central Bank maintained the benchmark interest rate at 4.25%. Forecasts expect a cut of 4%.
The Australian dollar advanced 0.6 percent to $1.0792 and touched $1.0811,
the strongest since Aug. 2.
Commodities Oil traded near a two-day low in NY on speculation that fuel demand may drop as Europe faces a serious debt issue and crisis influence the market on both US and Europe, as stockpiles increase in the U.S., the biggest crude consumer.
Crude for March delivery was at $96.82 a barrel, down 9 cents, in electronic trading on NYMEX at 4:30 p.m. Sydney time. The contract yesterday fell 93 cents to $96.91, the lowest settlement since Feb. 2. Prices are down 2 % this year
Gold started the week under pressure as another weekend passes with no resolution of the Greek crisis, sapping risk appetite and boosting the dollar. It seems like the big sticking point might not be the PSI deal after all, but troika concerns about the pace of Greek reforms. Just so there's no question about how Greek workers feel about additional austerity, the two largest unions which account for nearly half of the entire workforce of Greece have a strike planned for Tuesday (today).
Spot gold edged up 0.1 per cent to $1,721.13 an ounce by 0311 GMT, after touching a 1-1/2-week low of $1,711.29 in the previous session.
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February 8th, 2012

Important Financial Indicators of the Day Forecast Previous
NZD (GMT) Employment change q/q 0.4% 0.2%
NZD (GMT) Unemployment Rate 6.5% 6.6
Currencies EUR/USD The euro hit an eight-week high against the dollar on Tuesday, helping lift stocks and commodities on signs a Greek bailout agreement was near, but the rally paused after a key meeting on Greece was postponed by a day.
The euro at one point jumped more than 1 percent to a session high of $1.3270, hitting its highest level since December 12. After paring some gains, the euro traded near session highs, up 1 percent on the day.
USD/JPY The yen weakened versus all of its major peers as gains in Asian shares damped demand for haven currencies and data showed that Japans current-account surplus slid to a 15-year low in 2011.
The yen fell 0.5 percent to 77.14 per dollar as of 6:11 a.m. in Tokyo. It dropped 0.6 percent to 102.35 per euro, the weakest level since Dec. 22. Europes 17-nation currency gained 0.1 percent to $1.3271 after reaching $1.3276, the most since Dec. 12.
AUD/USD Aussie gained against the majority of its 16 major counterparts after the central bank maintained the benchmark interest rate at 4.25 percent. Predictions were expecting a cut of 4 percent.
The Australian dollar advanced 0.8 percent to $1.0809 after rising to $1.0823, the strongest since Aug. 2.
Commodities Oil Gains a Second Day on demand outlook as API says U.S. Stockpiles Drop. Oil Rose for a second day in NY after an industry report showed stockpiles shrank in the U>S>, the world's bigger crude consumer.
Oil for March delivery advanced 82 cents to $99.23 a barrel in electronic trading on the New York Mercantile Exchange and traded at $99.22 at 5:27 p.m. in Sydney. The contract yesterday increased $1.50 to $98.41, the highest settlement since Jan. 31. Prices are 14 percent higher than a year ago.
Gold is trading at 1748.40 ending an up and down session. Earlier in the day gold began falling hitting the low of 1712.65. As news of a possible deal was reported in Greece the USD began to plummet and Gold did as it should do, it rose. As the dollar came down gold turned around and went up 1.4%.
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February 9th, 2012

Currencies EUR/USD The euro rose toward a two-month high after a Greek government official signaled confidence that finance ministers in the currency bloc will approve a second financing accord for the debt-strapped nation.The euro rose 0.2 percent to $1.3281 as of 2:39 p.m. in Tokyo from the close in NYMEX yesterday, where it reached $1.3289, the highest since Dec. 12
USD/JPY pair is trading at 77.18, with the USD trading 0.15% higher from yesterdays close, as yen came under pressure after core machinery orders in Japan fell 7.1% in December. Separately, the M3 money supply in Japan climbed 2.6% in January. Yen declined after the Japanese Economic Watchers survey results showed that the Current Conditions Index declined to 44.1 in January, compared to 47.0 in December. Meanwhile, the Outlook Index edged up to 47.1, from 44.4 in December.
AUD/USD Aussie in the Asian session, at GMT 04:00, the pair is trading at 1.0777, with the AUD trading marginally higher from yesterdays close, after the National Australia Bank (NAB) business survey indicated that business conditions improved in the December quarter, following a moderation in the June quarter Gains were limited, as Chinas annual inflation rate came in higher-than-expected,climbing 4.5% in January, well above market expectations for a 4.0% rise.The pair is expected to find support at 1.0729, and a fall through could take it to the next support level of 1.0682. The pair is expected to find its first resistance at 1.0834, and a rise through could take it to the next resistance level of 1.0892.
Commodities Oil climbed for a third day in New York as a U.S. government report showed refineries processed more crude last week and Greece moved closer to securing a second bailout.Crude for March delivery rose as much as 43 cents to $99.14 a barrel in electronic trading on the New York Mercantile Exchange. The contract was at $99.11 at 2:15 p.m. Singapore time. It increased 0.3 percent yesterday to $98.71, the highest since Jan. 30. Prices are 14 percent higher the past year.
Gold held steady above $1,730 an ounce on Thursday, after dropping about a percent in the previous session, as a surprisingly high China inflation number supported prices, while investors also focused on Greece's debt talks for direction Gold came under pressure as the euro softened after Greek political leaders failed to conclude a deal for a bailout package crucial to avoiding a messy debt default, but the higher-than-expected inflation data out of China helped bullion pare early losses.
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