Strong Statistics From the USA Keeps Markets Hot - 11.10.2012
As we expected in the morning overview, the EUR/USD currency pair Как мы и предполагали в утреннем обзоре, пара EUR/USD took a hold above 1.2855 and headed upwards overcoming the obstacle at 1.29. The current local resistance is the area within 1.2927-37. Euro was supported with purchasing made Asian Central banks and also due to positive signals from IMF. The organization representatives declared that it would not be excessive to give a little more time to some of European governments’ to fix their problems. First of all, it is about Spain that still refuses the aid, trying to make through the crisis on its own.
It is worthy to note the active speculations in concern with upcoming currency intervention from BOJ. The is the “Great 7” summit conducted in Japan for now and the BOJ president, Shirakava has already said that he is intended to discuss the strong Yen problem with associates.
Out of macro statistics, significant decrease in the US Jobless Claims is mostly remarkable. It fell by 30000 to 399000 vs. forecasted 368000. US dollar obtained support vs. US dollar. Important local support for USD/JPY is seen at 78.70.
Jobless claimes, weekly data