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Friday, 8th Feb 2013ForexHint
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Euron rasar efter Draghis kommentarer.

Gårdagens kommentarer från ECB: s ordförande Draghi, där han konstaterade att euroområdets tillväxt kan bromsa upp, resulterade i att euron rasade mot de flesta av sina viktigaste valutarivaler. Draghis utlåtande hade också en negativ inverkan på guldpriset, som föll mer än 14$ per uns under eftermiddagens handel. Idag blir sannolikt dagens viktigaste ekonominyhet den amerikanska handelsbalansen, vars resultat släpps klockan 13:30 GMT. Ett sämre än väntat resultat kan resultera i förluster för dollarn innan marknaden stänger för veckan.

Economical News

USD

Den amerikanska dollarn apprecierade mot flera av sina högre avkastande valutarivaler under eftermiddagens handel igår efter kommentarer från ECB:s ordförande som ledde till att investerarna flyttade sina pengar till safehaven-valutor. USD/CHF steg närmare 60 pips efter ECB:s presskonferens och nådde så småningom så högt som 0,9143. Mot den kanadensiska dollarn steg usd cirka 26 pips och handlades så högt som 0,9967.

När det gäller dagens handel bör alla valutahandlare som handlar med greenbacken ägna stor uppmärksamhet åt den amerikanska handelsbalansresultaten, som släpps klockan 13:30 GMT. Analytikerna räknar med att indikatorn kommer att ligga på -45.8B, något bättre än förra månadens -48.7B. Om dagens nyheter kommer in över den prognostiserade nivån kan dollarn utöka gårdagens haussetrend innan marknaderna stänger för helgen.

EUR

Euron gjorde stora förluster mot nästan alla sina viktigaste valutarivaler under eftermiddagens handel igår efter kommentarer från ECB:s ordförande Draghi, där han sade att euroområdets tillväxt kan bromsa upp. EUR/USD föll mer än 140 pips efter Draghis kommentarer och nådde så lågt som 1,3428, för att sedan studsa tillbaka till 1,3450-nivån. Mot det brittiska pundet tappade euron mer än 100 pips under den europeiska handeln, så småningom nådde så lågt som 0,8554.

Idag bör alla valutahandlare följa med tillkännagivanden om tillväxtutsikterna för euroområdet från EU:s ekonomiska toppmöte som äger rum under dagen. Eventuella positiva utlåtanden från EU-tjänstemännen kan hjälpa euron att studsa tillbaka innan marknaderna stänger för veckan. Samtidigt om resultaten för den amerikanska handelsbalansen kommer in sämre än förväntat kan euron ta igen en del av gårdagens förluster mot den amerikanska dollarn.

Guld

Guldpriset sjönk med mer än 14$ per uns under eftermiddagens handel igår efter kommentarer från ECB: s ordförande Draghi, som ledde till att investerarna flyttade sina pengar tillbaka till safehaven-valutan dollarn. Efter att ha nått så lågt som 1662,84$, studsade ädelmetallen tillbaka till 1665$-nivån i slutet av den europeiska handeln.

Idag bör alla guldhandlare följa med publiceringen av resultaten för den amerikanska handelsbalansen. Om resultatet kommer in under den förväntade nivån, kan dollarn vända på en del av gårdagens uppgång, vilket kan stöda guldpriset innan marknaderna stänger för helgen.

Technical Analysis

Wild Card

forex

Indicators

DateTime GMT$€£¥EventPeriodPrev.ForecastImp
2013-02-08EUR
EU Economic Summithelp
**5
EU Economic Summit

Heads of State from European Union countries together with ECB President Jean-Claude Trichet are due to meet about the Greek economic crisis, a potential rescue plan and its impact on the European Union, in Brussels. A press conference is due to be held at the summit's conclusion.

2013-02-0800:30AUD
RBA Monetary Policy Statementhelp
**5
RBA Monetary Policy Statement

The Reserve Bank of Australia (RBA) Statement on Monetary Policy provides a detailed assessment of current economic conditions, prospects for inflation, and output growth. The report is published quarterly and holds critical insights into the bank's view of inflation and the economic conditions that will effect interest rates. Traders scrutinize this report as it's been known to provide clues about the bank's future monetary policy.

2013-02-0801:00USD
FOMC Member Evans Speakshelp
**3
FOMC Member Evans Speaks

Due to speak about economic outlook at the Bankers Association Luncheon, in Madison

2013-02-0805:00JPY
Economy Watchers Sentimenthelp
45.848.21
Economy Watchers Sentiment

This ia a report which measures the level of a diffusion index based on surveyed workers who observe consumer spending by virtue of their job.

2013-02-0806:45CHF
Unemployment Ratehelp
3.0%3.1%1
Unemployment Rate

This figure represents the percentage of potential workers that are currently unemployed and actively seeking a job. This report is typically overlooked as its information is derived from previously released indicators.

2013-02-0807:00EUR
German Trade Balancehelp
14.6B13.7B1
German Trade Balance

This indicator measures the difference between imported and exported goods and services from Germany. A Rising trend tends to have a positive impact on the EUR. Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers;

2013-02-0807:45EUR
French Gov Budget Balancehelp
-103.4B-1
French Gov Budget Balance

This indicator measures the difference in value between the central government's income and spending for the year-to-date.

2013-02-0808:15CHF
Retail Saleshelp
2.9%3.2%3
Retail Sales

This report is a measure of the change in the total value of retail sales. Positive figures indicate economic growth.

2013-02-0809:00EUR
Italian Industrial Productionhelp
-1.0%0.2%1
Italian Industrial Production

This indicator provides a general measure for the value of all output produced by factories, mines, and utilities in Italy.

2013-02-0813:15CAD
Housing Startshelp
198K196K1
Housing Starts

This report is a measure of the number of new residential buildings which began construction during the previous month. It's a leading indicator of economic health because building construction produces a wide-reaching ripple effect. For example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various construction services are purchased by the builder;

2013-02-0813:30CAD
Employment Changehelp
39.8K4.5K5
Employment Change

This report measures the number of jobs created during the previous month. It is one of the most important indicators of the economy's health since individual consumption makes up a significant portion of a country's GDP and has a direct correlation with employment.

2013-02-0813:30CAD
Trade Balancehelp
-2.0B-1.5B5
Trade Balance

This report measures the difference between imported and exported goods and services. A positive number indicates the country is exporting more goods than it is importing. A country with a growing positive trade balance may see their currency strengthen as a result.

2013-02-0813:30CAD
Unemployment Ratehelp
7.1%7.2%5
Unemployment Rate

This figure represents the percentage of potential workers that are currently unemployed and actively seeking a job. This report is typically overlooked as its information is derived from previously released indicators.

2013-02-0813:30USD
Trade Balancehelp
-48.7B-45.7B5
Trade Balance

This report measures the difference between imported and exported goods and services. A positive number indicates the country is exporting more goods than it is importing. A country with a growing positive trade balance may see their currency strengthen as a result.

2013-02-0815:00USD
Wholesale Inventorieshelp
0.6%0.5%1
Wholesale Inventories

Alteration in the value of goods, which are stored by wholesalers in the U.S. The data release is published monthly.

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