Technical Analysis by ACFX

EUR/USD The dollar fell against 14 of its 16 major counterparts as advancing stocks damped demand for safer assets.
The U.S. currency dropped 0.2 percent to $1.3349 per euro as of 1:50 p.m. Tokyo time from the closing level in New York yesterday.

USD/JPY The yen fell against all its major peers as Asian stocks rallied a second day and on prospects Japanese policy makers will do more to stem currency gains..
The yen slid 0.3 percent to 78.19 per dollar as of 10:40 a.m. in Tokyo and reached 78.29, the weakest level since Nov. 2.

Oil pared its earlier decline in New York..
Crude for January delivery was at $98.13 a barrel, down 8 cents, in electronic trading on the New York Mercantile Exchange at 5:20 p.m. Sydney time, after earlier sliding as much as 1 percent.

Technical Analysis & Mraket Outlook by ACFX 30/11/11


EUR/USD

GBP/USD

USD/JPY
EUR/USD The euro dropped versus the majority of its most-traded counterparts amid speculation Europes effort to expand its bailout fund to 1 trillion euros ($1.3 trillion) is falling short.
The euro was little changed at $1.3317 at 5 p.m. New York time, after earlier gaining to as high as $1.3442, the strongest level since Nov. 23.

AUD/USD Australias dollar maintained earlier gains after reports showed capital expenditure surged while bank lending slowed.
The so-called Aussie traded at $1.0033 as of 11:32 a.m. in Sydney, from $1.0022 before the data.

USD/CAD Canadas dollar rose as oil prices climbed and American consumer confidence increased in November by the most in more than eight years, boosting appetite for higher-yielding assets.
Canadas currency, also known as the loonie for the image of the aquatic bird on the C$1 coin, gained 0.2 percent to C$1.0321 per U.S. dollar by 5 p.m. in Toronto.

Technical Analysis & Market outlook by ACFX 1/12/11





EUR/USD The euro gained the most in a month against the dollar after the Federal Reserve and five other central banks acted to make more funds available to lenders as Europes debt crisis threatens global economic growth.
The euro strengthened 1 percent to $1.3446 at 5 p.m. in New York and reached $1.3533, the strongest level since Nov. 22.
USD/JPY The yen weakened against 14 of its 16 most-traded counterparts as Asian stocks extended a global equity rally, curbing demand for haven assets.
Yen was at 77.68 per dollar from 77.62.
USD/CAD The Canadian currency rose the most since May 2010 as central banks including the Bank of Canada reduced the cost of emergency dollar funding to ease Europes sovereign-debt crisis, buoying riskier assets.
The loonie appreciated 1.4 percent to C$1.0174 per U.S. dollar at 5 p.m. Toronto time.

TREND: Upward

S3 S2 S1 Pivot R1 R2 R3
76.36 76.82 77.22 77.68 78.08 78.54 78.94

Comments
RSI is above 50.
Bollinger Bands are pointing Upwards.

Technical Analysis & Market outlook by ACFX 2/12/11




EUR/USD The euro pared gains versus the dollar and yen as concern increased that European leaders will struggle to resolve the regions debt crisis even after central banks moved to ease dollar borrowing for banks.
The euro appreciated 0.1 percent to $1.3461 at 5 p.m. in New York after surging as much as 1.6 percent yesterday, the most on an intraday basis since Oct. 27.
NZD/USD New Zealand dollar set for a weekly gain against most major peers before U.S. data forecast to show employers added workers at a faster pace, boosting demand for higher-yielding assets..
New Zealands dollar bought 78 U.S. cents from 77.94, rising 5.3 percent since Nov. 25.
AUD/USD Australias dollar fell from almost a two-week high versus its U.S. counterpart after government reports showed consumer spending slowed and building approvals dropped.
Australias dollar fell 0.7 percent to $1.0213 at 12:21 p.m. in New York

Market outlook by ACFX 5/12/11

Important Financial Indicators of the day
Forecast Previous
GBP 09:30 (GMT) Services PMI 50.6% 51.3%
USD 15:00 (GMT) ISM Non-Manufacturing PMI 53.6 52.9

Currencies
EUR/USD The euro gained against most major peers as Italy advanced a plan to cut its deficit before a European summit on the regions sovereign-debt crisis.
o The euro rose 0.1 percent to $1.3404 at 2:05 p.m. in Tokyo from $1.3391 on Dec. 2, when it completed a 1.2 percent weekly advance.
AUD/USD The Australian dollar erased gains against the U.S. currency
o The so-called Aussie traded at $1.0211 as of 3:40 p.m. in Sydney from $1.0215 last week.
USD/CAD Canadas dollar staged its biggest five-day rally since October after central banks including the Bank of Canada took steps this week to make it cheaper for lenders to borrow dollars during emergencies.
o The loonie, as the currency is also known for the image of the aquatic bird on the C$1 coin, gained 2.6 percent this week to C$1.0195 per U.S. dollar in Toronto.



Commodities

Gold prices traded steady on Monday, after posting their sharpest weekly rise in more than a month, as the euro zone kicks off a week packed with meetings and decisions crucial to the solution to its debt crisis as well as the euro.
Spot gold was little changed at $1,747.29 an ounce by 0326 GMT, after rising nearly 4 per cent in the previous week.

Oil rose for a second day in New York on concern that tension in the Middle East threatens supplies and speculation that Europe will take steps to tame a debt crisis that may curb economic growth.
o Crude for January delivery climbed as much as 77 cents, or 0.8 percent, to $101.73 a barrel in electronic trading on the New York.


Equities

Swiss stocks (SMI) climbed, posting their biggest weekly rally since July 2009, after a U.S. report showed the unemployment rate in the worlds largest economy unexpectedly fell in November..
o The Swiss Market Index, a measure of the biggest and most actively traded companies, advanced 0.7 percent to 5,718.85 at the close in Zurich.
European stocks posted their biggest weekly rally in three years as central banks moved to ease the regions debt crisis and China increased cash supply for its banks to speed up growth in the worlds second-largest economy..
o The Stoxx Europe 600 Index jumped 8.7 percent to 240.73, its largest weekly advance since November 2008
Asian stocks rose for a sixth day, the longest winning streak since Oct. 13, as Italy took steps to resolve its debt problems before European Union leaders meet this week to tackle the regions crisis.
o The MSCI Asia Pacific Index rose 0.2 percent to 117.92 as of 2:40 p.m. in Tokyo with six of 10 industry groups on the index gaining.
o Japans Nikkei 225 Stock Average rose 0.5 percent.

December 6Th, 2011
Important Financial Indicators of the day
Forecast Previous
CAD 13:30 (GMT) Building Permits 2.3% -4.9%
CAD 14:00 (GMT) Overnight Rate 1.00% 1.00%
CAD 15:00 (GMT) Ivey PMI 55.2 54.4

Currencies
• EUR/USD The euro fell for a third day after S&P’s announcement, which put European nations including the six AAA-rated countries on watch for potential downgrades pending the outcome of a Dec. 8-9 leaders summit.
o The 17-nation currency declined 0.3 percent to $1.3367 at 12:47 p.m. in Tokyo.
• GBP/USD The pound strengthened against the dollar, snapping a two-day decline, as optimism that euro-area leaders are acting to ease the region’s debt crisis spurred demand for higher-yielding assets.
o The pound was 0.6 percent stronger at $1.5687 at 4:32 p.m. London time.
• AUD/USD The Australian dollar weakened after the Reserve Bank of Australia reduced its key cash rate target by 25 basis points to 4.25 percent.
o The so-called Aussie slid 0.6 percent to $1.0213 as of 2:32 p.m. in Sydney.



Commodities

• US gold fell on Tuesday, tracking spot prices lower on fears of a possible mass credit rating downgrade for euro zone nations by Standard & Poor's.
o Gold shed 1.1 percent to $1,714.80.

• Oil dropped from the highest in almost three weeks in New York as investors speculated that fuel demand will falter amid signs Europe is struggling to tame its sovereign debt crisis.
o Crude for January delivery fell as much as 61 cents to $100.38 a barrel in electronic trading on the New York Mercantile Exchange.

Market outlook by ACFX 7/12/11

December 7th, 2011
Important Financial Indicators of the day

Forecast Previous
GBP 09:30 (GMT) Manufacturing production m/m
-0.1% 0.2%
NZD 20:00 (GMT) Official Cash Rate
2.50% 2.50%
Currencies
EUR/USD The euro rose against the majority of its 16 main counterparts amid speculation Europe will expand funds available to the regions most-indebted nations as leaders prepare to meet in Brussels tomorrow.
o The euro rose 0.3 percent to $1.3445 at 7 a.m. London time.
USD/CHF The Swiss franc weakened after a report showed consumer prices fell in November, increasing speculation the countrys central bank will lower the ceiling on the currencys exchange rate.
o It weakened 0.8 percent to 92.77 centimes per dollar.
USD/CAD Canadas dollar rose for a second day after Bank of Canada policy makers said growth in the domestic and U.S. economy is stronger than forecast, easing speculation the central bank would signal further monetary easing.
o Canadas currency appreciated 0.6 percent to C$1.0100 per U.S. dollar at 5 p.m. in Toronto.
Commodities
Gold may gain after exchange-traded product holdings climbed to a record, and speculation that European leaders are making progress in containing the debt crisis boosted the euro and equities.
o Immediate-delivery gold was little changed at $1,729.68 an ounce at 11:20 a.m. in Singapore after rising 0.3 percent yesterday.
Oil rose for a fourth day in New York on concern global supplies of crude will shrink after the European Union signaled it may ban imports from Iran and U.S. stockpiles declined.
o Crude for January delivery rose as much as 37 cents to $101.65 a barrel and was at $101.60 in electronic trading on the New York Mercantile Exchange at 3:45 p.m.
Equities
U.S. stocks rose, sending the Standard & Poors 500 Index higher a second day, on speculation European leaders may act to contain the debt crisis after S&P put 15 euro nations on review for possible downgrade.
o The S&P 500 advanced 0.1 percent to 1,258.47 at 4 p.m. New York time.
o The Dow Jones Industrial Average added 52.30 points.
European stocks fell, snapping two days of gains for the benchmark Stoxx Europe 600 Index, as Standard & Poors put 15 euro-area nations on watch for potential rating downgrades.
o The Stoxx 600 slipped 0.3 percent to 241.92 at the close.
o Frances CAC 40 Index (CAC) retreated 0.7 percent.
o U.K.s FTSE 100 Index added less than 0.1 percent.
Asian stocks (MXAPJ) rose on speculation European leaders meeting this week in Brussels will step up efforts to fight the debt crisis and stave off lower national credit ratings that may make funding bailouts more costly.
o The MSCI Asia Pacific Index (MXAP) rose 0.8 percent to 117.48 as of 12:48 p.m. in Tokyo.
o Japans Nikkei 225 Stock Average (NKY) rose 0.8 percent.
o Hong Kongs Hang Seng Index increased 0.8 percent.

Market outlook by ACFX 8/12/11

December 8th, 2011

Important Financial Indicators of the day
Forecast Previous
GBP 12:00 (GMT) Official Bank Rate 0.50% 0.50%
EUR 12:45 (GMT) Minimum Bid Rate 1.00% 1.25%
CAD 13:15 (GMT) Housing Starts 0.3% 0.2%
EUR 13:30 (GMT) ECB Press Conference
USD 13:30 ( GMT) Unemployment Claims 397k 402k

Currencies
EUR/USD The euro rose against the dollar, after erasing earlier losses, as optimism increased that European leaders will be able to agree on measures to help solve the regions debt crisis.
o The euro rose 0.1 percent to $1.3412 at 5 p.m. in New York after falling as much as 0.4 percent.
USD/JPY The yen and dollar rose against most major peers as Asian stocks declined amid signs of a slowdown in the regions economies, boosting demand for refuge currencies.
o The pair was little changed yesterday at 77.65 per dollar.
USD/CHF The Swiss franc weakened to within one centime of an eight-month low against the dollar after a lawmaker said a government panel is considering using negative interest rates to combat the currencys appreciation.
o The franc was little changed at 92.49 per dollar at 4:01 p.m. London time after earlier depreciating to 92.88 centimes.
Commodities

Gold declined after holdings in exchange-traded products fell from a record and the European Central Bank was seen cutting interest rates today ahead of a regional leaders summit intended to tackle the debt crisis.
o Immediate-delivery gold fell for the first day in three, losing as much as 0.3 percent to $1,736.43 an ounce and trading at $1,738.02 at 11:30 a.m. in Singapore..

Oil traded near a one-week low after a gain in inventories indicated demand is recovering more slowly than projected in the U.S., the worlds biggest crude consumer.
o Crude for January delivery was at $100.61 a barrel, up 12 cents, in electronic trading on the New York Mercantile Exchange at 1:25 p.m. in Singapore. It fell 0.8 percent yesterday to $100.49, the lowest settlement since Dec. 1.

Market outlook by ACFX 9/12/11

December 9th, 2011

Important Financial Indicators of the day
Forecast Previous
EUR ALL Day EU Economic Status
GBP 09:30 (GMT) PPI Input 0.3% -0.8%
USD 14:55 (GMT) Prelim UoM Consumer Sentiment 0.3% 0.2%

Currencies
EUR/USD The euro traded 0.3 percent from a one-week low against the dollar after a summit of European Union leaders failed to forge a unanimous accord, damping prospects for a rapid resolution to the regions debt crisis.
o Europes common currency fetched $1.3334 as of 2:18 p.m. in Tokyo from $1.3341 yesterday and has declined 0.4 percent since Dec. 2.
AUD/USD Australian dollar rose to $1.0194 as of 1:31 p.m. Sydney time from $1.0167 yesterday in New York.

NZD/USD New Zealand dollars fell to one-week lows on speculation a European summit will fail to push the regions debt crisis toward a resolution, damping demand for higher-yielding assets.
o New Zealands currency retreated 0.6 percent to 76.81 U.S. cents, after sliding to as low as 76.60, also the weakest since Nov. 30.
Commodities

Gold traders are more bullish as investors buy metal at the fastest pace in a year to protect their wealth from Europes escalating debt crisis.
o Bullion rose 20 percent to $1,712.70 an ounce this year on the Comex in New York, and reached a record $1,923.70 in September.

Oil fell, heading for the biggest weekly decline since September, as investors speculated that fuel demand will falter as Europes leaders struggle to contain its sovereign debt crisis.
o Crude for January delivery dropped as much as 75 cents to $97.59 in electronic trading on the New York Mercantile Exchange and was at $98.01 at 1:35 p.m. Singapore time.