AUDUSD: With the Reserve Bank of Australia signaling recently its willingness to cut interest rates if inflation remains subdued in the first quarter, the solid outlook for employment means rate cuts may be limited.
With the Reserve Bank of Australia signaling recently its willingness to cut interest rates if inflation remains subdued in the first quarter, the solid outlook for employment means rate cuts may be limited.
We expect a range for today in AUDUSD rate of 1.0300 to 1.03800
We bought AUDUSD at 1.0300 ranges (continued to hold)
Stop loss at 1.0300 (from 1.0240)
Target at 1.0370 and 1.0430
EURUSD: Europe needs to build a bigger bailout fund and commit to cover possible financing gaps for Greece, Ireland and Portugal, the Institute of International Finance said Monday.
Also, if Greece, Ireland and Portugal show steady commitment to improve the health of their economies under ongoing loan programs, Europe should give clear assurances it will continue financial support. That would take “a huge amount of uncertainty” out of the markets, particularly for a country like Portugal
We expect a range for today in EURUSD rate of 1.3100 to 1.3200
We bought EURUSD at 1.3080 (decide to close out EURUSD at 1.3130 ranges)
Stop loss at 1.3180 from 1.3020 (if you intend to hold)
Target at 1.3145 to 1.3230
USDJPY: More regulatory action may be needed to safeguard the money-market mutual-fund industry, Federal Reserve Chairman Ben Bernanke said in remarks prepared for a speech on Monday night, putting his weight behind other officials who want to toughen oversight of the $2.7 trillion industry.
In an address largely focused on scrutinizing murky corners of the financial system, the shadow banking system, Bernanke emphasized the need to establish regulations that protect the system as a whole from the risks that threatened it during the financial crisis.
We expect a range for today in USDJPY rate of 81.30 and 82.30
We re-entry USDJPY at 81.50
Stop loss at 80.80
Target at 82.20 and 82.60
