FXCC : MARKET UPDATE 12-04-2013

MARKET UPDATE 12.04.2013

2013-04-12 04:27 GMT CORRECTION - BOJ Kuroda: Easing to last until sustainable prices achieved BoJ Kuroda speech was just published, with the governor saying that the objetive of achieving the inflation target with 2 years in mind, adding that the BoJ easing will not necessarily be limited to just 2 years. He said that the easing is actually planned to last as long as needed to achieve sustainable prices. He pointed out on his speech that capital spending is the key element to monitor and improve to end the vicious deflation cycle. Mr. Kuroda will make prompt policy adjustment as required on varies areas, prior examination of indicators such as the capex as mentioned, consumption, exports, conducting regular examinations every single month. Finally, he said to be confident BoJ can meet its bond buying target with purchases across the yield curve, adding that monetary policies do not have as a result the depreciation of the local currency but policies are aimed to end deflation, not to affect the Yen rate.-FXstreet.com 24h EMU. Eurogroup meeting 2013-04-12 12:30 GMT US Retail Sales (MoM) (Mar) 2013-04-12 13:55 GMT US Reuters/Michigan Consumer Sentiment Index 2013-04-12 16:30 GMT US Fed's Bernanke Speech 2013-04-12 04:37 GMT EUR/USD having a hard time at key supply 1.3140/60 2013-04-12 04:07 GMT AUD/USD edges higher during Asia session, 1.0553 last 2013-04-12 02:40 GMT USD/JPY holds 99.38/45 demand for now 2013-04-11 22:48 GMT EURJPY advances for 6th day in a row, prints new highs above 131.00 AUDUSD 1.05513 / 519 NZDUSD 0.86219 / 229 USDCHF 0.93048 / 057 USDCAD 1.01066 / 071 GBPJPY 153.041 / 056 EURCHF 1.21905 / 914 GOLD 1562.49 / .77 SILVER 27.63 / .65 EURUSD HIGH1.31261 LOW1.30994 BID1.31129 ASK1.31135 CHANGE0.09% TIME08:52:50 OUTLOOK SUMMARY Up TREND CONDITION Upward penetration TRADERS SENTIMENT Bearish IMPLIED VOLATILITY Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Yesterday high offers key resistance level at 1.3140 (R1). Clearance here is required to resume uptrend structure towards to next target at 1.3176 (R2) and any further price appreciation would then be limited to last resistance for today at 1.3212 (R3). Downwards scenario: Next challenge on the downside is seen at 1.3083 (S1). Breakthrough of this mark would open way for a downside expansion and could possibly trigger our initial targets at 1.3046 (S2) and 1.3008 (R3) later on today. Resistance Levels: 1.3140, 1.3176, 1.3212 Support Levels: 1.3083, 1.3046, 1.3008 GBPUSD HIGH1.54096 LOW1.53814 BID1.53932 ASK1.53938 CHANGE0.05% TIME08:52:51 OUTLOOK SUMMARY Up TREND CONDITION Up trend TRADERS SENTIMENT Bearish IMPLIED VOLATILITY Medium Upwards scenario: Instrument stabilized after the gains provided yesterday. Penetration above the resistive structure at 1.5413 (R1) might encourage protective orders execution and drive market price towards to the next resistive means at 1.5444 (R2) and 1.5477 (R3). Downwards scenario: Market decline below the support level at 1.5363 (S1) might change short-term technical picture and shift market sentiment to the bearish side. In such scenario we expect next targets to be exposed at 1.5330 (S2) and 1.5297 (S3) Resistance Levels: 1.5413, 1.5444, 1.5477 Support Levels: 1.5363, 1.5330, 1.5297 USDJPY HIGH99.803 LOW99.358 BID99.515 ASK99.520 CHANGE-0.16% TIME08:52:52 OUTLOOK SUMMARY Up TREND CONDITION Sideway TRADERS SENTIMENT Bearish IMPLIED VOLATILITY Medium Upwards scenario: Medium term bias remains positive however further market rise is limited now to the key resistive barrier at 99.95 (R1), clearance here is required to enable next resistances at 100.48 (R2) and last one at 101.04 (R3). Downwards scenario: Yesterday session low offers key supportive barrier at 99.09 (S1). Break here might provide sufficient momentum on the downside and expose our intraday targets at 98.62 (S2) and 98.12 (S3) Resistance Levels: 99.95, 100.48, 101.04 Support Levels: 99.09, 98.62, 98.12

Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Visit Us www.deryworldscorp.web.id Visit Us www.deryworldscorp.asia