AUDUSD: Australian merchandise imports rose A$56 million to A$20.81 billion (US$ 20.68 billion) in November from A$20.76 billion in October in seasonally adjusted terms, the Australian Bureau of Statistics said Monday.
We expect a range for today in AUDUSD rate of 0.9910 to 1.0030 (Yesterday, we entry long above 0.9900, the pair reached high at 0.9967, reached our first target at 0.9960)
We re-entry the pair at 0.9920
Stop loss at 0.9880
Target at 0.9980, 1.0030
EURUSD: The euro zone will experience no growth next year, as the uncertainty from the debt crisis has a negative impact on credit.
The emerging markets will feel continued pain from the euro-zone debt crisis. In particular, European banks hold about $2.6 trillion in emerging-market assets and the banks may look to sell those securities in order to raise needed capital next year. That means emerging markets will face difficulties finding new financing, a drag on growth.
We expect a range for today in EURUSD rate of 1.2970 to 1.3130 (the pair reached high above 1.3040, but then drop back)
We re-entry EURUSD at 1.3000 ranges
Stop loss at 1.3270
Target at 1.3045, 1.3110
USDJPY: The mood of U.S. home builders rose for the third-straight month in December as the industry started to become more confident about a gradual recovery in the battered housing market.
The National Association of Home Builders said Monday its housing market index rose to 21 from a downwardly revised 19 in November, reaching its highest point since May 2010. It was the first time since mid-2009 that the index increased for three-straight months.
We expect a range for today in USDJPY rate of 77.60 to 78.20
We set limit BUY order USDJPY at 77.65
Stop loss at 77.10
Target 78.15 and 78.65
