Καναδικό δολάριο χαμηλότερα στα πιό αδύνατα οικονομικά στοιχεία
20 Φεβρουαρίου 2008 - 5:23 AMΚαθώς οι φέρνω-έμποροι διάτρεξαν το κέρδος/τον κίνδυνο από τον πίνακα, το σημείο βρασμού γλίστρησε σε ένα καθημερινό Lo 1.9448, πρίν τελειώνει τη σύνοδο σε 1.9456, κάτω από 95 σπασμούς. The close below the 9-day MA changes the s/t trend to ‘negative’ w/ ‘weak’ momentum indicators. With inflationary concerns on the table, traders are looking for rates to be ‘unchanged’ at the next MPC meeting on March 6th, but have priced in at least 25bp-50bp rate cut by June, which could weigh on prices. A lower open may find Support at 1.9434 and 1.9413, while an open above 1.9470 should find Support at 1.9491 and 1.9527.
Euro Currency (ECH8):
The EC opened higher at 1.4730 and hit a morning Hi of 1.4742 after ‘bullish’ remarks from Bank of France Governor Christian Noyer stating a cause for optimism in the economic growth of the EZ. Prices slid to a daily Lo of 1.4713, before bouncing into the close of 1.4722, up 65 tics. The s/t trend remains ‘positive’ w/ ‘firm’ momentum indicators. Technicians will look for a ‘reaction’ off the .618 Fib level of 14739, after balking at 1.4742. Weaker U.S.economic data could send the EC higher. A lower open may find Support at 1.4709 and 1.4697, while an open above 1.4726 should find Resistance at 1.4738 and 1.4755.
Japanese Yen (JYH8):
The JY opened lower at .9304 and retraced to a morning Lo of .9288 as higher equity prices attracted carry-traders selling JY and buying higher yielding foreign currencies. As equity prices retraced, carry-traders covered short positions, driving the JY to a mid-day Hi of .9330, before drifting into the close of .9312, up 4 tics. The s/t trend remains ‘negative’ w/ ‘neutral’ momentum indicators.With the BoJ leaving rates ‘unchanged’ at 0.5%, carry-traders may follow equity traders and take advantage of higher yields, pressuring the JY. A lower open may find Support at .9290 and .9268, while an open above .9310 should find Resistance at .9332 and .9352.
