Boston eFX 03:22 GMT February 3, 2012
Subject: EUR/USD Daily Asia Outlook 02/03
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(Dow Jones via eFXnews) EUR/USD - to be range-bound as markets await U.S. non-farm payrolls report. EUR/USD supported by subdued investor risk aversion; Chinese PM Wen Jiabao reportedly said his country is considering how to be more deeply involved with the euro-zone's bailout funds in resolving Europe's debt crisis as German Chancellor Merkel visits Beijing; sovereign demand for euro. But EUR/USD topside limited by persistent worries over Greece as its government continues to thrash out a deal with its private creditors (parties were said to have been on verge of agreement numerous times over the past week but talks still going on); improved USD sentiment; positions adjustment before weekend.
Other data focus: 0855 GMT German January services PMI, 0900 GMT euro-zone January services PMI, 1000 GMT euro-zone December retail sales.
EUR/USD daily chart....
EUR/USD Daily Asia Outlook 02/03
Boston eFX 03:21 GMT February 3, 2012
Subject: GBP/USD Daily Asia Outlook 02/03
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(Dow Jones via eFXnews) GBP/USD - to consolidate in lower range as markets await U.S. non-farm payrolls report. Undermined by improved USD sentiment; drop in UK CIPS construction PMI to 51.4 in January from 53.2 December; expectations for more quantitative easing by the Bank of England this month - BOE's Posen says there is a case for another GBP75 billion round of quantitative easing; uncertainty over Greek debt restructuring. But GBP/USD downside limited by decreased investor risk aversion; positions adjustment before weekend. Other data focus: 0930 GMT UK January CIPS services PMI, January official reserves.
Daily chart....
GBP/USD Daily Asia Outlook 02/03 (full story)
Boston eFX 03:21 GMT February 3, 2012
Subject: USD/CAD Daily Asia Outlook 02/03
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(Dow Jones via eFXnews) USD/CAD - to range-trade before U.S. jobs report. USD/CAD supported by improved USD sentiment; softer commodity & oil prices (Nymex crude settled down $1.25 yesterday at $96.36/bbl); uncertainty over Greek debt restructuring. But USD/CAD topside limited by dissipating investor risk aversion; positions adjustment before weekend.
Other data focus: 1200 GMT Canada January labour force survey, 1315 GMT January official international reserves.
USD/CAD daily chart...
USD/CAD Daily Asia Outlook 02/03 (full story)
Boston eFX 03:21 GMT February 3, 2012
Subject: USD/CHF Daily Asia Outlook 02/03
Reply
(Dow Jones via eFXnews) USD/CHF - to be range-bound before U.S. non-farm payrolls report. USD/CHF supported by improved USD sentiment; expectations of Swiss National Bank's CHF-selling intervention as EUR/CHF hovers not far above 1.2000 floor - SNB's Jordan reiterated the central bank's commitment to defend the euro's CHF1.2000 floor in a Financial Times interview yesterday: "We will enforce this minimum rate with the utmost determination and we are prepared to buy foreign currency in unlimited quantities if necessary," he said. But USD/CHF topside limited by broadly weaker demand for safe-haven USD as investor risk aversion recedes; positions adjustment before weekend.
Daily chart .....
USD/CHF Daily Asia Outlook 02/03 (full story)
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