Daily Currency Report Wed Dec - 11

Forex Market Update

This morning the greenback is trading higher as investors welcomed the deal for easing automatic spending cuts in the US, which would pin down the threat of yet another government shutdown in the US. However, the deal still needs a nod from the Senate and House members to come into effect.

see more at : Daily Currency Report We Dec -11

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.

Weekly Currency Report Dec 9 - 13

Weekly Forex Update

The greenback experienced a volatile week, finishing mixed against the basket of currencies for the week ended December 6. The Euro rose against the USD and the GBP, while the Pound fell against its US counterpart. The commodity currencies remained on the back foot. - See more at:

Weekly Currency Report Dec 9 - 13

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.

DIRECTFX : Daily Currency Report

Forex Market Update This morning, the greenback is trading lower against most of the major currencies. Earlier in the Asian session, the European Central Bank (ECB) President, Mario Draghi stated that there are few signs of a possible stabilization in the Euro region and the economic situation still “remains challenging”. The Euro rose higher, underpinned by improved risk appetite after data released this morning revealed that manufacturing PMI data across the Europe posted better-than-expected figures in May. The Pound gained traction this morning, after UK’s manufacturing activity grew at its fastest pace in 14 months in May, boosting optimism that nation's recovery is becoming more broad based and less reliant on the services sector. The Yen recovered from its previous session losses this morning, after the IMF warned on Friday that, the Japanese currency has fallen enough to a level “moderately below” its natural trading value. The Australian is trading higher despite data indicated that retail sales in the nation rose less-than-expected in April. Also, official data from China, Australia’s major trading partner showed that, factory activity shrank for the first time in seven months in May and growth in services activity slowed down in the same month. The Reserve Bank of Australia’s monthly board meeting tomorrow would be of much interest to the investors, with most of the market participants expecting the rate to remain on hold at its record low of 2.75%. EUR USD This morning at 09:40 GMT, the EUR is trading at 1.3030 against the USD, 0.38% higher from the New York close. In the Euro-zone, manufacturing PMI data from Germany and France rose slightly more-than-expected in May, while Italian manufacturing activity rose to a four-month high in the same month. Additionally, European manufacturing activity eased in May. During the session, the pair traded at a high of 1.3044 and a low of 1.2987. On Friday, EUR traded 0.07% lower against the USD in the New York session, and closed at 1.2981. The pair is expected to find its first support at 1.2967 and first resistance at 1.3068. GBP USD At 09:40 GMT, the GBP is trading at 1.5270 against the USD, 0.57% higher from the New York close, after manufacturing PMI in the UK rose to a reading of 51.3 in May, from a revised reading of 50.2 recorded in the previous month. Market had expected the index to remain unchanged. During the session, the pair traded at a high of 1.5289 and a low of 1.5196. On Friday, GBP traded 0.23% lower against the USD in the New York session, and closed at 1.5183. The pair is expected to find its first support at 1.5177 and first resistance at 1.5326. USD JPY The USD is trading at 100.36 against the JPY at 09:40 GMT this morning, 0.31% lower from the New York close. During the session, the pair traded at a high of 100.77 and a low of 100.03. In the New York session on Friday, the USD traded 0.19% higher against the JPY, and closed at 100.67. The pair is expected to find its first support at 99.85 and first resistance at 101.04. USD CHF This morning at 09:40 GMT, the USD is trading at 0.9564 against the Swiss Franc, 0.39% lower from the New York close. In Switzerland, the SVME PMI expanded in the month of May, recording a reading of 52.2, from a reading of 50.2 in the previous month. During the session, the pair traded at a high of 0.9580 and a low of 0.9541. In the New York session on Friday, the USD traded 0.53% higher against the CHF, and closed at 0.9601. The pair is expected to find its first support at 0.9509 and first resistance at 0.9623. USD CAD At 09:40 GMT, the USD is trading at 1.0368 against the CAD, marginally higher from the New York close. During the session, the pair traded at a high of 1.0376 and a low of 1.0343. On Friday, the USD traded 0.56% higher against the CAD in the New York session, and closed at 1.0367. The pair is expected to find its first support at 1.0318 and first resistance at 1.0400.  AUD USD The AUD is trading at 0.9643 against the USD, at 09:40 GMT this morning, 0.74% higher from the New York close. Data released from Australia indicated that retail sales rose to a seasonally adjusted 0.2% (MoM) in April, compared to a 0.4% drop recorded in the previous month. During the session, the pair traded at a high of 0.9653 and a low of 0.9598. AUD traded 0.25% lower against the USD in the New York session on Friday, and closed at 0.9572. The pair is expected to find its first support at 0.9576 and first resistance at 0.9681. Gold At 09:40 GMT, Gold is trading at $1396.35 per ounce, 0.61% higher from the New York close, amid weakness in the US Dollar. This morning, Gold traded at a high of $1401.95 and a low of $1391.38 per ounce. In the New York session on Friday, the yellow metal traded 1.37% lower, and closed at $1387.92. Gold has its first support at $1382.76 and first resistance at $1412.25. Silver Silver is trading at $22.46 per ounce, 0.89% higher from the New York close, at 09:40 GMT this morning. This morning, Silver traded at a high of $22.55 and a low of $22.33 per ounce. Silver traded 0.14% lower against the USD in the New York session on Friday, and closed at $22.26. Silver has its first support at $22.21 and first resistance at $22.67. Crude Oil At 09:40 GMT, Oil is trading at $92.01 per barrel, 0.40% higher from the New York close, as weak Chinese manufacturing data dampened demand prospects for the oil. This morning, Oil traded at a high of $92.09 and a low of $91.37. On Friday, Oil traded 0.95% lower against the USD in the New York session, and closed at $91.63. It has its first support at $91.08 and first resistance at $93.12. Economic Snapshot UK’s manufacturing PMI rose in May In the UK, the seasonally adjusted manufacturing purchasing managers’ index (PMI) advanced to a reading of 51.3 in May, from a revised reading of 50.2. Euro-zone’s manufacturing PMI advanced in May In the Euro-zone, the final manufacturing PMI climbed to a reading of 48.3 in May, higher than the flash reading of 47.8 and following a reading of 46.7 in April. Germany's manufacturing sector activity improved in May On a seasonally adjusted basis, the manufacturing PMI in Germany edged up to a reading of 49.4 in May, from a reading of 48.1 registered in April. Market had expected a reading of 49.0. French manufacturing PMI records a rise in May In France, the seasonally adjusted manufacturing PMI rose to a reading of 46.4 in May, higher than the expected reading of 45.5 and from a reading of 44.4 in April. Switzerland's manufacturing PMI rose in May The Swiss Association of Purchasing and Materials Management reported that its SVME manufacturing PMI in Switzerland rose to a reading of 52.2 in May, much higher than the expected reading of 50.8 in May and from a reading of 50.2 recorded in April. Italy’s manufacturing PMI increased more-than-expected in May In Italy, manufacturing PMI rose more than the expected to a reading of 47.3 in May, compared to a reading of 45.5 registered in the previous month. Spain’s manufacturing PMI rose in May Spain’s manufacturing PMI advanced to reading of 48.1 in May, above market consensus for a reading of 45.5 and compared to a reading of 44.7 recorded in April. Australia TD securities inflation eased in May On a monthly basis, TD securities inflation in Australia slipped to 0.2% in May, from 0.3% reported in April. Annually, TD securities inflation increased to 2.2% in May, from 2.1% in April. Australia retail sales rose in April On a seasonally adjusted monthly basis, retail sales in Australia increased 0.2% in April, lower than the expected 0.3% rise and compared to 0.4% fall recorded in the previous month. China's non-manufacturing PMI slipped in May In China, the non-manufacturing PMI declined to a reading of 54.3 in May, from a reading of 54.5 registered in the previous month. China’s HSBC manufacturing PMI fell in May According to the survey data from Markit/HSBC, manufacturing PMI in China fell to a reading of 49.2 in May, from a reading of 50.4 registered in the previous month.

Get Adobe Flash player

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

DIRECTFX : Daily Currency Report 30.05.2013

Forex Market Update This morning, the greenback is trading lower against most of the major currencies. A slate of confidence indicators just released from the Euro-zone indicated a modest recovery in the economic conditions in the region, while GDP data from Spain showed improvement in the first quarter of 2013, though remained in contraction territory. Yesterday, the Organization for Economic Cooperation and Development in its half-yearly update, cautioned that lingering economic weakness in Europe ‘‘could evolve into stagnation with negative implications for the global economy.’’ The Canadian Dollar extended its previous session gains against the USD and is trading higher this morning, as the outgoing Bank of Canada Governor, Mark Carney left interest rates unchanged and stated that the interest rates may rise in near term. Against this backdrop, the Canadian gross domestic product (GDP) data scheduled to be released tomorrow would garner a lot of market attention. The Australian Dollar recovered from previous losses against the US Dollar, after data showed that building approvals in Australia grew more-than-expected in April, dampening the prospect for an interest rate cut by the Reserve Bank. The greenback traded lower in the New York session yesterday, against the key currencies. EUR USD This morning at 09:40 GMT, the EUR is trading at 1.2992 against the USD, 0.41% higher from the New York close, after economic sentiment index in the Euro-zone rose to a reading of 89.4 in May, from a reading of 88.6 recorded in the previous month. Additionally, business climate, industrial confidence and consumer confidence in the Euro-zone also improved in May. Separately, gross domestic product data from Spain indicated that the nation contracted 0.5% in Q12013. During the session, the pair traded at a high of 1.2992 and a low of 1.2932. Yesterday, EUR traded marginally lower against the USD in the New York session, and closed at 1.2939. The pair is expected to find its first support at 1.2919 and first resistance at 1.3029.  GBP USD At 09:40 GMT, the GBP is trading at 1.5194 against the USD, 0.44% higher from the New York close, after economic data indicated that house prices in the UK picked up in May. The Nationwide house prices in the UK rose by a seasonally adjusted 0.4% (MoM) in May, compared to a flat rate recorded in the previous month. During the session, the pair traded at a high of 1.5194 and a low of 1.5113. Yesterday, GBP traded marginally higher against the USD in the New York session, and closed at 1.5127. The pair is expected to find its first support at 1.5069 and first resistance at 1.5238.  USD JPY The USD is trading at 100.72 against the JPY at 09:40 GMT this morning, 0.44% lower from the New York close. The Yen registered gains after data indicated that, investors in Japan sold a net ¥1.12 trillion of foreign bonds in the week ended May 24, the most since the period ended April 5. Data on Japan’s consumer price inflation, unemployment rate and industrial production set to be release earlytomorrow would further determine the trading pattern in the pair. During the session, the pair traded at a high of 101.57 and a low of 100.46. In the New York session yesterday, the USD traded 0.08% lower against the JPY, and closed at 101.17. The pair is expected to find its first support at 100.22 and first resistance at 101.63.  USD CHF This morning at 09:40 GMT, the USD is trading at 0.9574 against the Swiss Franc, 0.51% lower from the New York close. The Swiss Franc received support after data indicated that gross domestic product in Switzerland rose by a seasonally adjusted 0.6% (QoQ) in the first quarter of 2013, following a revised 0.3% growth recorded in the previous quarter. During the session, the pair traded at a high of 0.9642 and a low of 0.9564. In the New York session yesterday, the USD traded 0.15% lower against the CHF, and closed at 0.9623. The pair is expected to find its first support at 0.9522 and first resistance at 0.9679.  USD CAD At 09:40 GMT, the USD is trading at 1.0329 against the CAD, 0.22% lower from the New York close. During the session, the pair traded at a high of 1.0369 and a low of 1.0328. Yesterday, the USD traded 0.22% lower against the CAD in the New York session, and closed at 1.0352. The Bank of Canada (BoC), in its monetary policy meeting held yesterday decided to keep its interest rate unchanged at 1.0%. The pair is expected to find its first support at 1.0307 and first resistance at 1.0385.  AUD USD The AUD is trading at 0.9663 against the USD, at 09:40 GMT this morning, 0.32% higher from the New York close, after data indicated that building permits in Australia climbed 27.3% (YoY) in April, following a 3.9% rise recorded in the previous month. The pair’s direction later in the day would be dominated by movements in the US Dollar, with the release of GDP and initial jobless claims data in the US. During the session, the pair traded at a high of 0.9699 and a low of 0.9582. AUD traded 0.07% higher against the USD in the New York session yesterday, and closed at 0.9632. The pair is expected to find its first support at 0.9594 and first resistance at 0.9726.  Gold At 09:40 GMT, Gold is trading at $1405.53 per ounce, 0.88% higher from the New York close, after the US Dollar fell sharply. This morning, Gold traded at a high of $1411.27 and a low of $1389.00 per ounce. In the New York session yesterday, the yellow metal traded 0.41% higher, and closed at $1393.25. Gold has its first support at $1388.19 and first resistance at $1417.07. Silver Silver is trading at $22.76 per ounce, 1.04% higher from the New York close, at 09:40 GMT this morning, tracking gains in the yellow metal. This morning, Silver traded at a high of $22.83 and a low of $22.38 per ounce. Silver traded 0.73% higher against the USD in the New York session yesterday, and closed at $22.52. Silver has its first support at $22.38 and first resistance at $22.98. FOLLOW DIRECTFX GOLDSILVER CLUB CLICK HERE !! Crude Oil At 09:40 GMT, Oil is trading at $92.60 per barrel, 0.20% lower from the New York close, ahead of a meeting by the Organization of the Petroleum Exporting Countries and the crude oil inventory data from the US Energy Information Administration. Late yesterday, the American Petroleum Institute reported that the US crude inventories rose by 4.4 million barrels in the week ended 24th May, compared to expectations for a drop of 1.1 million barrels. This morning, Oil traded at a high of $93.29 and a low of $92.34. Yesterday, Oil traded 1.74% lower against the USD in the New York session, and closed at $92.75. It has its first support at $91.55 and first resistance at $94.43. Economic Snapshot House prices in the UK rose in May In the UK, the Nationwide house price index advanced 1.1% annually in May, against the forecast for a 0.9% rise and following a 0.9 % annual growth registered in the previous month. On a monthly basis, the house price index rose 0.4% in May, compared to a flat change recorded in the previous month. Lloyds business barometer in the UK climbed in May The Lloyds Business Group has reported that business barometer in the UK climbed to a reading of 39.0 in May, compared to a reading of 27.0 recorded in the previous month. Euro-zone sentiment indices rose in May In the Euro-zone, the economic sentiment indicator rose to a reading of 89.4 in May, compared to a reading of 88.6 in the previous month. Business climate indicator climbed to a reading of -0.76 in May, compared to a reading of -1.04 in the previous month. Additionally, services sentiment indicator rose to a reading of -9.3 in May, compared to a reading of -11.1 in the previous month. Moreover, industrial confidence indicator rose to a reading of -13.0 in May, compared to a reading of -13.8 in the previous month. Euro-zone consumer confidence improved in May In the Euro-zone, consumer confidence indicator rose to a reading of -21.9 in May, compared to a reading of -22.3 in April. Swiss economy expanded in the Q12013 On a seasonally adjusted, gross domestic product (GDP) in Switzerland climbed 0.6% (QoQ) in Q12013, following a revised 0.3% rise registered in the Q42012. Annually, the GDP rose 1.1% in the Q12013, following a 1.4% gain recorded in the Q42012. Italian PPI declined in April In Italy, Producer Price Index (PPI) declined 0.4% (MoM) in April, compared to a flat change recorded in the previous month. On an annual basis, PPI fell 1.0% in April, compared to a 0.1% drop recorded in March. Spain inflation increased more-than-expected in May In Spain, consumer price index rose 1.7% in May, compared to a 1.4% rise recorded in April. Market had expected a rise of 1.6%. Additionally, harmonized inflation rose to 1.8% in May against the forecast for a 1.7% rise and following a rate of 1.5% in April. Spanish GDP fell in line with preliminary estimate in the Q12013 In Spain, GDP fell 0.5% (QoQ) in the Q12013, in line with the preliminary estimate, and compared to a 0.8% drop recorded in the Q42012. Building approvals in Australia rose in April On a seasonally adjusted monthly basis, building approvals in Australia increased 9.1% in April, compared to a 5.5% drop registered in March. Also, building approvals jumped 27.3% (YoY) in April, following a 3.9% rise recorded in the previous month.

Get Adobe Flash player

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

DIRECTFX 28.05.2013 : Daily Currency Report

Forex Market Update This morning, the greenback is trading higher against most of the major currencies. The Euro came under pressure, after data released this morning indicated that French consumer confidence fell to its lowest level in nearly five years in May. Yesterday, the Standard and Poor’s rating agency warned that France must deliver its promised budget cuts to avoid a credit rating downgrade. Meanwhile, import prices in Germany dropped more-than-expected in the month of April. The Yen is trading lower against the dollar, after the advisor to the Japanese Prime Minister, Shinzo Abe, Koichi Hamada stated that the Bank of Japan would provide further stimulus, if necessary, to drive an economic revival. The Swiss Franc is trading lower against the USD and the EUR, after data revealed that trade surplus in Switzerland unexpectedly narrowed for April, largely affected by a steep fall in exports due to sluggish demand in Europe, the nation’s biggest trading partner. The US consumer confidence and Richmond Fed manufacturing index which are scheduled for release later in the day are expected to trigger much of the action in the forex market. The greenback traded higher in the New York session yesterday, against the key currencies. EUR USD This morning at 09:40 GMT, the EUR is trading at 1.2926 against the USD, marginally lower from the New York close. In economic news, German import prices dropped 1.4% (MoM) in April, against the expectation of a 0.5% drop. Additionally, French consumer confidence index dropped unexpectedly to a reading of 79.0 in May, from a revised reading of 83.0 recorded in the previous month. During the session, the pair traded at a high of 1.2936 and a low of 1.2882. Yesterday, EUR traded marginally lower against the USD in the New York session, and closed at 1.2932. The pair is expected to find its first support at 1.2889 and first resistance at 1.2957. GBP USD At 09:40 GMT, the GBP is trading at 1.5103 against the USD, marginally lower from the New York close. During the session, the pair traded at a high of 1.5115 and a low of 1.5064. Yesterday, GBP traded marginally lower against the USD in the New York session, and closed at 1.5110. The pair is expected to find its first support at 1.5057 and first resistance at 1.5143. USD JPY The USD is trading at 102.02 against the JPY at 09:40 GMT this morning, 0.92% higher from the New York close, snapping yen’s recent rally stemming from concerns about a climb in Japanese government bond yields. On the data front, Japanese retail trade data is awaited later in the day which is expected to remain unchanged in April, compared to a 1.4% drop recorded in the previous month. During the session, the pair traded at a high of 102.35 and a low of 101.05. In the New York session yesterday, the USD traded 0.08% higher against the JPY, and closed at 101.09. The pair is expected to find its first support at 101.08 and first resistance at 102.68. USD CHF This morning at 09:40 GMT, the USD is trading at 0.9681 against the Swiss Franc, 0.54% higher from the New York close. The Swiss Franc recorded losses after trade surplus in Switzerland narrowed to CHF1.73 billion in April, from a revised CHF1.89 billion recorded in the previous month. However, employment level in the nation rose to a seasonally adjusted 4.15 million in the first quarter of 2013, from 4.12 million recorded in the previous quarter. During the session, the pair traded at a high of 0.9706 and a low of 0.9624. In the New York session yesterday, the USD traded marginally lower against the CHF, and closed at 0.9629. The pair is expected to find its first support at 0.9624 and first resistance at 0.9726. USD CAD At 09:40 GMT, the USD is trading at 1.0346 against the CAD, 0.07% higher from the New York close. During the session, the pair traded at a high of 1.0369 and a low of 1.0333. Yesterday, the USD traded 0.14% higher against the CAD in the New York session, and closed at 1.0339. The pair is expected to find its first support at 1.0319 and first resistance at 1.0376. AUD USD The AUD is trading at 0.9663 against the USD, at 09:40 GMT this morning, 0.29% higher from the New York close. During the session, the pair traded at a high of 0.9682 and a low of 0.9596. AUD traded 0.09% lower against the USD in the New York session yesterday, and closed at 0.9635. The pair is expected to find its first support at 0.9615 and first resistance at 0.9701. Gold At 09:40 GMT, Gold is trading at $1380.16 per ounce, 1.04% lower from the New York close. This morning, Gold traded at a high of $1396.62 and a low of $1377.69 per ounce. In the New York session yesterday, the yellow metal traded marginally lower, and closed at $1394.80. Gold has its first support at $1372.85 and first resistance at $1392.31. Silver Silver is trading at $22.34 per ounce, 1.29% lower from the New York close, at 09:40 GMT this morning. This morning, Silver traded at a high of $22.68 and a low of $22.27 per ounce. Silver traded 0.16% lower against the USD in the New York session yesterday, and closed at $22.64. Silver has its first support at $22.15 and first resistance at $22.65. Crude Oil At 09:40 GMT, Oil is trading at $94.68 per barrel, 1.10% higher from the New York close, on supply concerns escalating from violence in Syria, one of the major oil exporters. This morning, Oil traded at a high of $94.76 and a low of $93.54. Yesterday, Oil traded 0.18% higher against the USD in the New York session, and closed at $93.63. It has its first support at $93.78 and first resistance at $95.17. Economic Snapshot German import price index fell in April In Germany, import price index fell 3.2% (YoY) in April, compared to a 2.3% drop in March. On a monthly basis, import price index declined 1.4% in April, compared to a 0.1% drop recorded in the previous month. French consumer confidence declined more-than-expected in May In France, consumer confidence declined to a reading of 79.0 in May, from a downwardly revised reading of 83.0 in April. Market had expected consumer confidence to rise to a reading of 85.0. Swiss trade surplus narrowed in April In Switzerland, trade surplus narrowed to CHF1.73 billion in April, compared to a surplus of CHF1.89 billion recorded in the previous month. Market had expected trade surplus to widen to CHF2.05 billion. Additionally, exports rose to CHF17.00 billion in April, compared to CHF16.66 billion in the previous month. Imports rose to CHF15.28 billion in April, compared to CHF14.77 billion in the previous month. Swiss employment level rose in the Q1 2013 In Switzerland, employment level rose to 4.15 million in the first quarter of 2013, compared to a level of 4.12 million in the previous quarter. Market had expected employment level to fall to 4.10 million. Small business confidence in Japan declined in May In Japan, the small business confidence index weakened to a reading of 48.2 in May, compared to a reading of 49.4 in April. Market had expected the index to rise to a reading of 50.0. Leading index in China declined in April In China, leading index fell to a reading of 99.8 in April, compared to a reading of 100.0 in March.

Get Adobe Flash player

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

DIRECTFX : Daily Currency Report

Forex Market Update This morning, the greenback is trading higher against most of the major currencies, after the Federal Reserve official, Charles Plosser expressed concerns over the long term impact of the quantitative easing, urging the central bank to exit its policy soon. Ahead today investors await a raft of economic data that could offer further evidence on whether an economic recovery remains under way in the US. Yesterday’s weak Euro-zone GDP data continued to weigh on the Euro, as speculation increased that the European Central Bank (ECB) would opt for negative rates very soon. The expectations are further reinforced after today’s data from France indicated that employment in the country continued to decline in Q12013. However, losses were capped after reports showed that trade surplus from Italy and Euro-zone widened in March. On a ratings note, Fitch Ratings affirmed Slovakia’s sovereign rating at “A+”, with a “Stable” outlook, citing strongest economic growth achieved by the nation since the global financial crisis began in 2008-09. As the aggressive monetary easing measures by the Bank of Japan (BoJ) guided by Prime Minister, Shinzo Abe bear fruits, Japan recorded a spell bound increase in its GDP figures in the first quarter of 2013. Also, industrial production in the country increased in the month of March. Moreover, Fitch ratings affirmed Japan at “A+” rating with a “Negative” outlook.  The greenback traded lower in the New York session yesterday against the key currencies. EUR USD This morning at 09:40 GMT, the EUR is trading at 1.2875 against the USD, marginally lower from the New York close. In the Euro-zone, annual CPI rose 1.2%, in line with the preliminary estimate, while trade surplus rose to a seasonally adjusted €18.7 billion in March, from a revised €12.7 billion recorded in the previous month. Meanwhile, France recorded a 0.1% drop in its quarterly nonfarm payrolls in Q12013, compared to a 0.3% drop in the previous quarter. During the session, the pair traded at a high of 1.2890 and a low of 1.2846. Yesterday, EUR traded marginally higher against the USD in the New York session, and closed at 1.2880. The pair is expected to find its first support at 1.2848 and first resistance at 1.2896. GBP USD At 09:40 GMT, the GBP is trading at 1.5229 against the USD, marginally higher from the New York close. During the session, the pair traded at a high of 1.5249 and a low of 1.5197. Yesterday, GBP traded marginally higher against the USD in the New York session, and closed at 1.5226. The pair is expected to find its first support at 1.5178 and first resistance at 1.5275. USD JPY The USD is trading at 102.62 against the JPY at 09:40 GMT this morning, 0.35% higher from the New York close. Earlier in the Asian session, economic data indicated that gross domestic product (GDP) in Japan increased 0.9% (QoQ) in the first quarter of 2013, following a revised 0.3% increase recorded in the previous quarter. Market had expected a rise of 0.7%. Additionally, industrial production in the country fell 6.7% (YoY) in March, better than the 10.5% drop recorded in the previous month. During the session, the pair traded at a high of 102.67 and a low of 101.97. In the New York session yesterday, the USD traded 0.19% lower against the JPY, and closed at 102.26. The pair is expected to find its first support at 102.06 and first resistance at 102.99. USD CHF This morning at 09:40 GMT, the USD is trading at 0.9669 against the Swiss Franc, 0.10% higher from the New York close. During the session, the pair traded at a high of 0.9710 and a low of 0.9644. In the New York session yesterday, the USD traded 0.36% lower against the CHF, and closed at 0.9659. The pair is expected to find its first support at 0.9626 and first resistance at 0.9731. USD CAD At 09:40 GMT, the USD is trading at 1.0180 against the CAD, 0.16% higher from the New York close. During the session, the pair traded at a high of 1.0194 and a low of 1.0150. Yesterday, the USD traded 0.30% lower against the CAD in the New York session, and closed at 1.0164. The pair is expected to find its first support at 1.0146 and first resistance at 1.0217. AUD USD The AUD is trading at 0.9814 against the USD, at 09:40 GMT this morning, 0.81% lower from the New York close. The Reserve Bank of Australia’s foreign exchange transactions increased to A$382 million in April, from A$328 million recorded in the previous month. During the session, the pair traded at a high of 0.9915 and a low of 0.9800. AUD traded marginally lower against the USD in the New York session yesterday, and closed at 0.9894. The pair is expected to find its first support at 0.9769 and first resistance at 0.9890. Gold At 09:40 GMT, Gold is trading at $1374.81 per ounce, 1.48% lower from the New York close, amid strength in the US Dollar. The World Gold Council in a gold demand trends report for the period January-March 2013, stated that investors during the first quarter of 2013 didn’t buy enough physical gold to offset outflows from gold-exchanged traded funds. This morning, Gold traded at a high of $1398.50 and a low of $1369.85 per ounce. In the New York session yesterday, the yellow metal traded 1.16% lower, and closed at $1395.50. Gold has its first support at $1356.84 and first resistance at $1405.79. Silver Silver is trading at $22.28 per ounce, 1.48% lower from the New York close, at 09:40 GMT this morning. This morning, Silver traded at a high of $22.83 and a low of $22.14 per ounce. Silver traded 1.35% lower against the USD in the New York session yesterday, and closed at $22.61. Silver has its first support at $21.92 and first resistance at $22.86. Crude Oil At 09:40 GMT, Oil is trading at $93.53 per barrel, 0.70% lower from the New York close, as concerns over global economic outlook weighed on demand prospects for crude oil. This morning, Oil traded at a high of $94.32 and a low of $93.23. Yesterday, Oil traded 1.32% higher against the USD in the New York session, and closed at $94.21, after the US Energy Information Administration (EIA), in its weekly report stated that crude oil stocks fell by 624,000 barrels in the week ending May10, while market had expected for a decline of 330,000 barrels. It has its first support at $92.29 and first resistance at $94.60. Economic Snapshot Euro-zone trade surplus widened in March In the Euro-zone, on a non-seasonally adjusted basis, trade surplus widened to €22.9 billion in March, compared to a surplus of €10.1 billion in the previous month. Market had expected a trade surplus of €13.0 billion in March.  On a seasonally adjusted basis, trade surplus widened to €18.7 billion in March, compared to a surplus of €12.7 billion posted in the previous month. Euro-zone CPI rose in April In the Euro-zone, consumer price index (CPI) rose 1.2% (YoY) in April, in line with the preliminary estimate. On a monthly basis, CPI fell 0.1% in April, compared to a 1.2% rise in the previous month. French nonfarm payrolls declined in the Q12013 In France, nonfarm payrolls fell 0.1% (QoQ) in the Q12013, compared to a 0.3% decline in the Q42012. Italian trade surplus widened in March In Italy, global trade surplus widened to €3.237 billion in March, compared to a revised surplus of €1.092 billion reported in February. Additionally, trade surplus with the European Union countries widened to €0.607 billion in March, from a revised surplus of €0.386 billion in the previous month. Japan industrial production rose in March In Japan, industrial production rose 0.9% (MoM) in March, above the preliminary estimate of a 0.2% rise and compared to a 0.6% rise recorded in February. On an annual basis, industrial production fell 6.7% in March, compared to a 10.5% drop recorded in February. Japan capacity utilization declined in March In Japan, capacity utilization declined 0.8% (MoM) in March, compared to a 0.7% rise recorded in the previous month.

Get Adobe Flash player

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

DIRECTFX : Daily Currency Report

Forex Market Update The greenback turned broadly lower against basket of currencies today morning. However, demand for the USD continued to be underpinned amid speculation over a possible near-term exit from the Federal Reserve’s asset purchase program after recent US data indicated that the economic outlook is improving. Yesterday, the US retail sales unexpectedly rose in April. The headlines coming out of the Euro-zone instilled much of the action in the single currency, with the EUR recording gains against the USD and the GBP, after economic data showed that industrial production in the Euro-zone rose twice as much as expected in March offsetting dismal ZEW data on German and the Euro-zone economic sentiment. Adding to the positive tone, Spain saw borrowing costs fall to the lowest level since 2010 to 1.105% at an auction of €3.03 billion 12-month government bonds. Also, Spain sold €1.01 billion of 6-month debt at an average yield of 0.5%, down from 0.530% at a similar auction last month. In Japan, machine tool orders continued to decline, projecting a weak business conditions in the nation. However, tomorrow’s GDP data gets more prominence as markets assess the combined efforts of Prime Minister, Shinzo Abe and the Bank of Japan’s (BoJ) Governor, Haruhiko Kuroda in boosting up the ailing economy. In its latest budget, Australian government unveiled that the nation would remain in deficit for the next two years, as higher Australian Dollar coupled with declining commodity prices have led to weaker profits and reduced budget revenues. It however indicated that the nation would rebound to a surplus by 2016-17. EUR USD This morning at 09:40 GMT, the EUR is trading at 1.3006 against the USD, 0.21% higher from the New York close, after the Euro-zone industrial production surged in March, easing concerns over the outlook for economic growth in the single currency bloc. However, the ZEW survey economic sentiment in the Euro-zone and Germany recorded less-than-expected reading in May. During the session, the pair traded at a high of 1.3030 and a low of 1.2976. Yesterday, EUR traded marginally lower against the USD in the New York session, and closed at 1.2979. The pair is expected to find its first support at 1.2955 and first resistance at 1.3044. GBP USD At 09:40 GMT, the GBP is trading at 1.5302 against the USD, marginally higher from the New York close. The CB leading economic index in the UK rose 0.4% in April, similar to the rate of increase recorded in the previous month. During the session, the pair traded at a high of 1.5332 and a low of 1.5292. Yesterday, GBP traded 0.42% lower against the USD in the New York session, and closed at 1.5301. The pair is expected to find its first support at 1.5257 and first resistance at 1.5366. USD JPY The USD is trading at 101.53 against the JPY at 09:40 GMT this morning, 0.25% lower from the New York close. Data released this morning indicated that machine tool orders in Japan declined 24.1% (YoY) in April, compared to a fall of 21.5% reported in the previous month. Apart from some other important macro releases during the week, much of the market attention is likely to be swayed by the GDP data due on Thursday which is expected to show that the Japanese economy expanded at a faster pace for the first quarter of 2013. During the session, the pair traded at a high of 101.84 and a low of 101.26. In the New York session yesterday, the USD traded flat against the JPY, and closed at 101.79. The pair is expected to find its first support at 101.17 and first resistance at 101.98. USD CHF This morning at 09:40 GMT, the USD is trading at 0.9541 against the Swiss Franc, 0.33% lower from the New York close. During the session, the pair traded at a high of 0.9576 and a low of 0.9520. In the New York session yesterday, the USD traded 0.12% higher against the CHF, and closed at 0.9573. The pair is expected to find its first support at 0.9509 and first resistance at 0.9583. USD CAD At 09:40 GMT, the USD is trading at 1.0120 against the CAD, 0.14% higher from the New York close. During the session, the pair traded at a high of 1.0122 and a low of 1.0088. Yesterday, the USD traded 0.14% higher against the CAD in the New York session, and closed at 1.0106. The pair is expected to find its first support at 1.0092 and first resistance at 1.0136. AUD USD The AUD is trading at 0.9944 against the USD, at 09:40 GMT this morning, 0.12% lower from the New York close. In its latest budget, Australian government stated that it expects Australian economy to grow 2.75% in fiscal 2014, down from 3% in the current year, while unemployment is likely to pick up to about 5.75% by the middle of next year from 5.5% now. It forecast that inflation would be contained at about 2.25%. During the session, the pair traded at a high of 1.0006 and a low of 0.9940. AUD traded 0.30% lower against the USD in the New York session yesterday, and closed at 0.9956. The pair is expected to find its first support at 0.9920 and first resistance at 0.9987. Gold At 09:40 GMT, Gold is trading at $1431.17 per ounce, marginally higher from the New York close, amid weakness in the US Dollar. This morning, Gold traded at a high of $1445.57 and a low of $1430.53 per ounce. In the New York session yesterday, the yellow metal traded 0.26% lower, and closed at $1430.53. Gold has its first support at $1423.48 and first resistance at $1442.22. Silver Silver is trading at $23.48 per ounce, 0.68% lower from the New York close, at 09:40 GMT this morning. This morning, Silver traded at a high of $23.82 and a low of $23.48 per ounce. Silver traded 0.44% lower against the USD in the New York session yesterday, and closed at $23.65. Silver has its first support at $23.37 and first resistance at $23.72. Crude Oil At 09:40 GMT, Oil is trading at $94.98 per barrel, flat from the New York close. Later today, the American Petroleum Institute is slated to release its weekly report on crude oil inventory data followed by the US Energy Information Administration’s (EIA) report tomorrow. This morning, Oil traded at a high of $95.66 and a low of $94.96. Yesterday, Oil traded 0.50% lower against the USD in the New York session, and closed at $94.98. It has its first support at $94.39 and first resistance at $95.66. Economic Snapshot Leading economic index in the UK remained unchanged in March The Conference Board leading economic index in the UK rose 0.4% in March, compared to a similar rise recorded in the previous month. Euro-zone industrial production rose in March In the Euro-zone, industrial production rose 1.0% (MoM) in March, above expectations for a 0.5% rise, and compared to a 0.3% rise recorded in the previous month. On an annual basis, industrial production declined 1.7% in March, compared to a 3.2% drop in the previous month. Euro-zone ZEW economic sentiment rose less than expected in May According to the ZEW Survey, economic sentiment index in the Euro-zone rose to a reading of 27.6 in May, less than the market expectation of a reading of 39.0, and compared to reading of 24.9 in the previous month. German ZEW economic sentiment improved less than expected in May According to the ZEW Survey, economic sentiment index in Germany rose to a reading of 36.4 in May, less than the market expectation of 40.0, and compared to a reading of 36.3 in the previous month. Additionally, the current situation index declined to a level of 8.9 in May, compared to a reading of 9.2 in the previous month. German CPI fell in line with preliminary estimate in April In Germany, consumer price index (CPI) fell 0.5% (MoM) in April, in line with the previous estimate and compared to a 0.5% rise recorded in March. On an annual basis, CPI rose 1.2% in April, compared to a 1.4% rise recorded in the previous month. Similarly, the harmonised consumer price index (HICP) declined 0.5% (MoM) in April, compared to a rise of 0.4% recorded in March. On an annual basis, HICP rose 1.1% in April, compared to a 1.8% rise posted in the previous month. German WPI declined in April In Germany, wholesale price index (WPI) fell 0.4% (YoY) in April, compared to a 0.6% drop expected and compared to a 0.3% rise recorded in the previous month. On a monthly basis, WPI fell 0.2% in April, compared to a similar drop reported in March. French current account deficit narrowed in March In France, current account deficit narrowed to €2.9 billion in March, from a revised deficit of €5.0 billion registered in February. Italian CPI rose in April In Italy, the CPI rose 1.1% (YoY) in April, less than preliminary estimate of a 1.2% rise and compared to a 1.6% rise recorded in the previous month. On a monthly basis, CPI remained flat in April, compared to a 0.2% rise in the previous month. Spanish CPI rose in April In Spain, CPI rose 1.4% (YoY) in April, in line with the preliminary estimate and compared to a 2.4% rise recorded in the previous month. On a monthly basis, CPI rose 0.4% in April, compared to a similar rise recorded in the previous month. Similarly, the HICP climbed 0.1% in April, in line with the preliminary estimate and compared to a 1.9% rise in the previous month. On an annual basis, HICP rose 1.5% in April, compared to a 2.6% rise in the previous month. Japan machine tool orders declined in April In Japan, machine tool orders declined 24.10% (YoY) in April, compared to a 21.5% drop recorded in the previous month.

Get Adobe Flash player

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

DirectFX : Daily Currency Report

Forex Market Update This morning, the greenback is trading higher against most of the major currencies, extending Friday’s gains, after the news that the Federal Reserve officials has reportedly sketched out plans to wrap up its $85 billion bond-buying program per month. The greenback’s immediate fortunes will be determined by the outcome of a closely watched retail sales and business inventories data in the US. On a market worthy note, the officials of G7 nations, over the weekend, re-affirmed their commitment to not lower their exchange rates for the sake of achieving economic growth. Moreover, the finance chiefs gave a green signal to the recent Yen’s decline and stated that they intensified their focus on Japan’s recovery strategy. The Euro is trading in negative territory, after the European Central Bank (ECB) policy maker and Governor of Bank of Italy, Ignazio Visco stated that the central bank could go for negative interest rates if the Euro-zone economy needed further support. In the day ahead, markets eye the Euro-group meeting where officials would discuss on bank bailouts and the banking union regulations. They are expected to sign off on the latest tranche of aid for Greece and agree on the first €3 billion ($3.9 billion) of its bailout package. Meanwhile, Italy in its three-year bond auction witnessed yields falling to 1.92% from 2.29% recorded in the previous month. Elsewhere, Chinese industrial production disappointed markets after rising less-than-expected in the month of April. Meanwhile, retail sales in the nation rose in line with market expectations in the same month. EUR USD This morning at 09:40 GMT, the EUR is trading at 1.2969 against the USD, 0.11% lower from the New York close, on the ECB policy maker, Ignazio Visco’s comments that the central bank is “technically” ready for negative interest rates. With not much on economic front in the Euro-zone, the pair is expected to trade on the trends of the greenback. During the session, the pair traded at a high of 1.2993 and a low of 1.2951. On Friday, EUR traded 0.25% lower against the USD in the New York session, and closed at 1.2983. The pair is expected to find its first support at 1.2929 and first resistance at 1.3014. GBP USD At 09:40 GMT, the GBP is trading at 1.5356 against the USD, marginally higher from the New York close. In its latest report, the Confederation of British Industry (CBI) stated that Britain's “flat” economy is finally moving towards growth, with GDP expected to expand by 1% in 2013, followed by 2% growth next year. On the economic front, RICS house price balance data in the UK is awaited in the day ahead and is expected to shed some light on the nation’s housing recovery. During the session, the pair traded at a high of 1.5382 and a low of 1.5338. On Friday, GBP traded 0.40% lower against the USD in the New York session, and closed at 1.5354. The pair is expected to find its first support at 1.5308 and first resistance at 1.5411. USD JPY The USD is trading at 101.66 against the JPY at 09:40 GMT this morning, 0.12% higher from the New York close. In economic news, the Bank of Japan reported that the nation’s M2 money supply rose 3.3% last month to ¥844.5 trillion, against expectation for an increase of 3.1%. Also, M3 money stock rose 2.6% to ¥1,142.0 trillion, topping market expectations for 2.5% increase. During the session, the pair traded at a high of 101.99 and a low of 101.52. In the New York session on Friday, the USD traded 0.13% higher against the JPY, and closed at 101.54. The pair is expected to find its first support at 101.15 and first resistance at 102.17. USD CHF This morning at 09:40 GMT, the USD is trading at 0.9582 against the Swiss Franc, 0.13% higher from the New York close. On the economic front, real retail sales in Switzerland dropped 0.9% (YoY) in March, following a revised 2.3% increase recorded in the previous month. Market had expected a rise of 0.8%. During the session, the pair traded at a high of 0.9597 and a low of 0.9549. In the New York session on Friday, the USD traded 0.18% higher against the CHF, and closed at 0.9570. The pair is expected to find its first support at 0.9538 and first resistance at 0.9628. USD CAD At 09:40 GMT, the USD is trading at 1.0122 against the CAD, 0.08% higher from the New York close. During the session, the pair traded at a high of 1.0135 and a low of 1.0105. On Friday, the USD traded 0.09% higher against the CAD in the New York session, and closed at 1.0114. The pair is expected to find its first support at 1.0072 and first resistance at 1.0163. AUD USD The AUD is trading at 0.9957 against the USD, at 09:40 GMT this morning, 0.52% lower from the New York close. In Australia, home loans rose 5.2% in March, following a revised 2.1% growth recorded in the previous month. Meanwhile, the National Bank of Australia reported that its business confidence index dropped to a reading of -2.0 in April, from a reading of 2.0 recorded in the previous month. However, the business conditions index improved to a reading of -6.0 in April, from a reading of -7.0 recorded in March. During the session, the pair traded at a high of 1.0013 and a low of 0.9955. AUD traded marginally lower against the USD in the New York session on Friday, and closed at 1.0009. The pair is expected to find its first support at 0.9922 and first resistance at 1.0024. Gold At 09:40 GMT, Gold is trading at $1429.68 per ounce, 1.27% lower from the New York close, as the greenback strengthened following news that the Fed is planning to windup its $85 billion per month bond buying program. This morning, Gold traded at a high of $1439.94 and a low of $1426.16 per ounce. In the New York session on Friday, the yellow metal traded 0.84% higher, and closed at $1448.00. Gold has its first support at $1416.03 and first resistance at $1447.01. Silver Silver is trading at $23.64 per ounce, 1.00% lower from the New York close, at 09:40 GMT this morning, tracking losses in the yellow metal. This morning, Silver traded at a high of $23.84 and a low of $23.51 per ounce. Silver traded 1.99% higher against the USD in the New York session on Friday, and closed at $23.88. Silver has its first support at $23.26 and first resistance at $23.96. Crude Oil At 09:40 GMT, Oil is trading at $94.98 per barrel, 0.70% lower from the New York close, after data indicated that industrial production in China rose at a slower pace in April. This morning, Oil traded at a high of $95.66 and a low of $94.90. On Friday, Oil traded 1.00% higher against the USD in the New York session, and closed at $95.64. It has its first support at $93.49 and first resistance at $96.35. Economic Snapshot French business sentiment rose in April The Bank of France has reported that its business sentiment index for industrial sector climbed to a level of 94.0 in April, from a level of 93.0 reported in March. Market had expected the index to drop to a level of 92.0. Retail sales in Switzerland dropped in March In Switzerland, retail sales declined 0.9% (YoY) in March, against the market expectation of a rise of 0.8% and compared to a downwardly revised rise of 2.3% reported in the previous month. Home loans in Australia rose in March On a seasonally adjusted monthly basis, home loans in Australia rose 5.2% in March, compared to a revised 2.1% rise recorded in the previous month. Australia’s business sentiment declined in April, indicates NAB The National Australia Bank (NAB) has reported that its business confidence index in Australia declined to a reading of -2.0 in April, compared to a reading of 2.0 in March. On the other hand, business conditions index improved to a reading of -6.0 in April from a reading of -7.0 reported in March. Retail sales in China rose in April In China, retail sales rose 12.8% (YoY) in April, in line with market expectations, and compared to a 12.6% rise reported in the previous month. Industrial production in China climbed less than expected in April In China, industrial production rose 9.3% (YoY) in April, compared to an 8.9% rise posted in the previous month. Market had expected industrial production to rise 9.5%.

Get Adobe Flash player

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