Fx Market Perspective

Forex Trend Following2

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EUR-GBP-USDx SRO 2.06-8

Though the NFP & Jobs  numbers were good, the structural fact of real unemployed US workers specially younger graduates as defined by some analyst does not sufficiently support such dramatic moves in the marketplace until the time for a follow-through would occur from hereunto. 

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USDx Down

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from short correction support

The USDX have indicated a slight recovery from its recent low at 78.74 well within our support trading range of 78.05-78.85 initial objective from the high of 81.78 basis point. The daily price movement would be in both directions as position adjustments takes place towards the opening of the new month of February and the closing trading days of the week.

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Market Analysis1.26

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UPDATE: US DOLLAR INDEX As of 1.26

The FOMC dovish report has placed the USD under similar pressure that resulted in moving back lower below the 80.00 basis levels. Sentiments and commitment by the Fed members in keeping rates at its low levels for an extended period of time has been quite definitive.

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EUR-GBP-USDX

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Market Analysis SRO 131

Supporting Video analysis: http://youtu.be/T-tIP4DbPNw

EUROThe general sentiments for most investors across the board have started the year 2012 in a good footing. With the stock market increasing in Asia particularly in China including Australia's business confidence improving nearing its highest levels in 7 months prompting the Aussie dollar working above the 1.0610 versus the US Dollar. Refer to page 2 of Market view dated Jan. 26 AUDUSD extension targets.

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Mid-Week Analysis1.18

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EUR-GBP-USDX

The end-result of the report by the IMF to increase the lending capabilities to USD1Trillion have indeed made a difference in initially halting the bearish price action for the Euro. There were some heavy offers in the European trade before the news and some have reluctantly withdrew when the reports came out.

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