Tin tức thì trường

Holds around $1.6225. Rate earlier posted lows at $1.6205, supported by reported demand placed between $1.6205/1.6195. Stops noted below $1.6180. Stronger demand seen in place at $1.6150/40. Resistance now seen at $1.6250, a break to open a move back toward $1.6265. Above here and stronger resistance noted from around $1.6280, extending to $1.6300.

Spot peaked at $1403.75 this morning before edging back to $1401, with a rise of almost $14.5 from the overnight opening. Resistance remains at the Jan 4 high of $1417.30, with support towards Friday's low of $1381.85.

Squeezes down to retest support into $1.3660, with rate able to make a show below to $1.3658. Further demand seen in place between $1.3650/45 with stops below. Bids: $1.3630/25, $1.3600, $1.3585/75. Supply eyed at $1.3720.

EUR/USD
Offers: $1.3720, $1.3735/45, $1.3765/70, $1.3800, $1.3825/35
Bids: $1.3660, $1.3650/45, $1.3630/25, $1.3600, $1.3585/75

USD/JPY
Offers: Y83.55, Y83.75/80
Bids: Y83.00, Y82.70/65, Y82.55/50

• Spain's bank supervision among strongest in Europe;
• Construction sector only 22% of credit of savings bnks;
• In Spain ratio of unpaid mortgages is low;
• Notes latest bank law sets core cap reqs above Basel's;
• Credit demand already started to increase;
• Once investmt starts, banks will be solid due reforms;
• Not in favour of intervention in credit entities;
• In the end it costs more to the taxpayer;
• BOS wld intervene to save banks, but not there.

Data released:
07:58     France     PMI (February) flash    55.3    55.4    54.9
07:58     France     PMI services (February) flash    60.8    57.9    57.8
08:28     Germany     PMI (February) flash    62.6    60.1    60.5
08:28     Germany     PMI services (February) flash    59.5    60.4    60.3
08:58     EU(17)     PMI (February) flash    59.0    57.1    57.3
08:58     EU(17)     PMI services (February) flash    57.2    56.1    55.9
09:00     Germany     IFO business climate index (February)    111.2    110.5    110.3
    
The yen and the dollar strengthened against most of their major counterparts as concern that unrest in the Middle East will spread boosted demand for safer assets.
Japan’s currency rose from a three-month low against the euro as stocks fell in Europe and Asia. Libyan leader Muammar Qaddafi’s son Saif said the country may have a civil war.
The euro dropped after German Chancellor Angela Merkel’s Christian Democratic Union suffered an election defeat in the country’s richest state, fuelling concern that European Union attempts to deal with the sovereign debt crisis will be derailed.
Europe’s common currency pared losses after a report showed German business confidence unexpectedly rose to a record in February. The Munich-based Ifo institute said its business climate index increased to 111.2 from 110.3 in January. That’s the highest since records for a reunified Germany began in 1991.
“It’s the better-expected Ifo data today which is pushing the euro versus the franc,” said Ursina Kubli, a currency analyst at Bank Sarasin & Cie. “All in all, the franc is overvalued at the moment.”
New Zealand’s dollar climbed on speculation Fonterra Cooperative Group Ltd. will raise its forecast for payouts to farmers.
The board of Auckland-based Fonterra, the world’s largest dairy exporter, meets tomorrow after whole milk powder prices climbed to a 31-month high. The dairy exporter raised its forecast payment to farmers by 4.5% on Dec. 10, citing higher international prices.

EUR/USD printed high on $1.3710 after strong data before retreated to lows around $1.3660. Since then rate holds within the range.

GBP/USD fell from $1.6245 to $1.6200, but it failed to break under the figure and remains a bit above $1.6200.

USD/JPY holds between Y83.06/22 range.

There is no major data for today. US markets are closed in observance of President's Day.

Spot printed high at $1403.75 before edging back to $1401, with a rise of almost $14.5 from the overnight opening. Resistance remains at the Jan 4 high of $1417.30, with support towards Friday's low of $1381.85. Gold trades $1401.60/90.

GBP/USD declined to lows around $1.6200. Cable bids remain between $1.6205/1.6195, stops placed on a break of $1.6180. Stronger demand noted between $1.6150/40.

Silver rose sharply this morning and printed high on $33.49 just ahead of $33.50 level. Investors increased their net longs by 15% to 34,300 contracts, the highest level since November 2010. Near term support seen at $31.60/65 and $30.00. Silver currently trades $33.37/39 .

EUR/USD tested bids on $1.3665/60 after rate retreated from EMU PMI/Ifo highs at $1.3708. rate fell to sesison lows around $1.3663. Rate currently trades back around $1.3686. A break of $1.3660 to expose next support at $1.3650/45.

Bulls continues to rule th gold proce after it broke above the Jan 27 resistance line. Today gold trades through the daily Bollinger top. Daily studies trend higher, moving close to overbought levels. Resistance seen from the Nov 09 high and initial support seen from the 5-DMA at $1384.40.

EUR/USD retreats from post EMU PMI and Germany Ifo highs of $1.3708 and currently holds around $1.3666, where demand were mentioned earlier. Bids have now been reported in the area between $1.3650/45.

AUD/USD slipping down from the earlier high in Europe of $1.0135 with reports of sales from model accounts. Brief support at $1.0115 given way to a low of $1.0104. Talk of some corporate demand $1.0070/50.

April WTI rally stalled just ahead of $92.40 resistance with a high on the day of $92.32 so far. ICE Brent rose to $104.55, with the premium steady at just over $12 on the US WTI contract for April .

EUR/USD $1.3550, $1.3600, $1.3610, $1.3625, $1.3800
USD/JPY Y83.00, Y83.25, Y83.40, Y83.50, Y84.00
GBP/USD $1.6200
USD/CHF Chf0.9625
AUD/USD $1.0000, $1.0100