AUDUSD: Australian dollar faced pressure as the Asia session wore on, hurt by the stand-off in Europe and as the Bank of Japan forecast a weaker economic outlook.
An index of job vacancies on the Internet in Australia fell 3.0% to a level of 84.1 in seasonally adjusted terms in December from November to be down 8.7% on year. On year vacancies fell in seven of the eight occupational groups with the strongest fall recorded for clerical and administrative workers and sales workers. Vacancies fell on month in four of the eight states and territories and fell on year in five of the eight, the department said.
We expect a range for today in AUDUSD rate of 1.0550 to 1.0650 (We got hit by stop loss 35 pips)
WE AVOID TRADING THE PAIR TODAY
EURUSD: The euro-zone crisis is a ticking time bomb threatening the world economy and the international community must act urgently and aggressively to defuse it. Even in the face of fiscal adjustment, measures to protect their poorest and to boost safety nets are also critical
Tighter and globally coordinated financial regulation must be pursued now before it becomes more costly to do so.
We expect a range for today in EURUSD rate of 1.3050 to 1.3160 (Yesterday, we set to short the pair at 1.3160, the pair hit our price and currently reached our first target at 1.03110. Note: Bring stop loss to 1.3180 if you intend to target further, the potential to drop even great to 1.3050 then 1.2980 )
Continued to hold our short position at 1.3160
Stop loss at 1.3180 (bring down from 1.3220)
Target 1.3060 and 1.2980 (already reached our target at 1.3110)
USDJPY: The U.S. Federal Reserve’s balance sheet was unchanged over the last week, though holdings of Treasury securities grew and the central bank continued with its plan to shift its portfolio and support economic growth.
The Fed’s asset holdings in the week ended Jan. 25 were $2.922 trillion, level with a week earlier, it said in a weekly report released Thursday.
The Fed’s holdings of U.S. Treasury securities grew to $1.662 trillion on Wednesday from $1.652 trillion in the previous week. The central bank’s holdings of mortgage-backed securities decreased to $835.62 billion from $847.43 billion.
The Fed’s portfolio has more than doubled since the financial crisis of 2008 and 2009, as the central bank bought mortgage-backed securities and government bonds to keep interest rates low and stimulate the economy.
We expect a range for today in USDJPY rate of 77.10 to 78.20 (We shorted the pair at 77.70 and reached our target at 77.30. We have closed out the trade)
Limit Buy order for USDJPY at 77.05
Stop loss at 76.50
Target 77.60 and 78.10
