Boston eFX 02:34 GMT January 13, 2012
Subject: EUR/USD Daily Asia Outlook 01/13
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(Dow Jones via eFXnews) EUR/USD - to trade in higher range on weaker USD sentiment, reduced fears about sovereign funding in euro zone after Spanish government auctioned off double the amount of debt it had planned to sell and Italy sold one-year bills at a cheaper yield than last month; ECB President Draghi saying there are tentative signs of stability in business activity as central bank kept its key interest rate unchanged at 1%. But euro sentiment dented by surprise 0.3% on-year drop in euro-zone November industrial production (vs forecast for 0.3% increase). EUR/USD topside also limited by worries that Greece may default on its debts or be forced out of the euro zone as fresh data confirmed that Greece remains mired in recession and will overshoot its deficit targets this year, while key areas remain unresolved in talks with private-sector creditors on a debt write-down plan; potential sovereign rating downgrades in the euro zone; positions adjustment before weekend.
Data focus: 1000 GMT euro-zone November trade balance.
EUR/USD daily chart ....
EUR/USD Daily Asia Outlook 01/13 (full story)
Boston eFX 02:34 GMT January 13, 2012
Subject: GBP/USD Daily Asia Outlook 01/13
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(Dow Jones via eFXnews) GBP/USD - to consolidate with risks skewed higher after hitting 3-month low of 1.5277 yesterday. No FX reaction to Bank of England's widely-expected decision to leave its key interest rate unchanged at all-time low of 0.5% and its current program of bond purchases at GBP275 billion. GBP/USD supported by weaker USD sentiment, reduced fears about euro-zone sovereign debt-funding. But GBP sentiment dented by bigger-than-expected 0.6% on-month drop (vs minus 0.1% forecast), 3.1% on-year drop (vs minus 2.3% forecast) in UK November industrial production. GBP/USD topside also limited by GBP sales on buoyant EUR/GBP cross; positions adjustment before weekend.
Data focus: 0930 GMT UK December producer prices.
Daily chart...
GBP/USD Daily Asia Outlook 01/13 (full story)
Boston eFX 02:34 GMT January 13, 2012
Subject: USD/CHF Daily Asia Outlook 01/13
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(Dow Jones via eFXnews) USD/CHF - to trade with bearish bias on negative USD sentiment; broadly weaker demand for safe-haven USD amid reduced fears about euro-zone sovereign debt-funding. But USD/CHF downside limited by expectations of Swiss National Bank's CHF-selling intervention; positions adjustment before weekend.
Daily chart....
USD/CHF Daily Asia Outlook 01/13 (full story)
Boston eFX 02:34 GMT January 13, 2012
Subject: USD/CAD Daily Asia Outlook 01/13
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(Dow Jones via eFXnews) USD/CAD - to trade with risks skewed lower on weaker USD sentiment, reduced fears about euro-zone sovereign debt-funding. But USD/CAD downside limited by softer commodity & oil prices (Nymex crude settled down $1.77 yesterday at $99.10/bbl on reports saying European Union's possible embargo of Iranian oil imports would likely be delayed by up to 6 months); positions adjustment before weekend.
Data focus: 1330 GMT Canada November international merchandise trade.
USD/CAD daily chart ....
USD/CAD Daily Asia Outlook 01/13 (full story)
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