Daily News & Forecast, Friday, January 06, 2017

2017-01-06 02:36:47
 

 

HIGH IMPACT NEWS RELEASES:

Far East: No Major Data

Europe: DE- Factory Orders, Retail Sales, , PI, EZ- Retail PMI, PPI, GB- Service PMI

North America: CA/US- Employment, Trade, CA- Ivey PMI, US- Factory Orders, Rig Count, COT Report

USD

  • The tech-heavy Nasdaq closed at a record Thursday, as the broader stock market finished lower, dragged down by a steep slide in the financial sector and major retailers.Mixed data on jobs also raised concerns a day before the closely watched December employment report due Friday.
  • The S&P 500 index SPX, -0.08% declined 1.75 points, or 0.1%, to finish at 2,269.00.
  • The dollar tumbled to the lowest level a month against major rivals on Thursday, extending weakness from the prior session after minutes of the Federal Reserve’s December meeting pointed to a number of risks that could change the path for interest rates.

EUR

  • European stock markets ended slightly higher after seesawing between gains and losses on Thursday, with traders taking a cautious approach as they digested minutes from the U.S. Federal Reserve’s December meeting.
  • The Stoxx Europe 600 index SXXP, +0.10% inched 0.1% higher to 365.64, putting it within touching distance of its one-year closing high of 365.71 set on Tuesday.
  • The euro EURUSD, -0.1414% rose to $1.0592, from $1.0526 on Wednesday.

GBP

  • U.K. stocks pushed further into record territory in bouncy trade on Thursday, supported by a rally in shares of house builders on the back of upbeat news from Persimmon PLC.
  • The FTSE 100 index UKX, +0.08% rose 0.1% to 7,195.31 to close at an all-time high for a sixth straight session. It was also an eighth straight day of wins for the benchmark.
  • Late Thursday in New York, the pound GBPUSD, -0.1127% changing hands at $1.2407, up from $1.2341 late Wednesday in New York.

JPY

  • The dollar USDJPY, +0.26% fell to ¥115.68 from ¥116.64 late Wednesday in New York.

XAU

  • Gold prices ended the U.S. day session solidly higher Thursday, boosted by a sharply lower U.S. dollar index and some new uncertainty injected into the marketplace following Wednesday’s minutes from the Federal Reserve’s Open Market Committee (FOMC). February Comex gold was last up $16.20 an ounce at $1,181.50. March Comex silver was last up $0.058 at $16.60 an ounce.

Major instruments:

EURUSD: The most likely scenario for the pair is going up to the nearest target of  1.0654.

1

EURJPY: The most likely scenario for the pair is going down to the nearest target of  121.84.

2

GBPUSD: The most likely scenario for the pair is going up to the nearest target of  1.2475.

3

GBPJPY: The most likely scenario for the pair is going down to the nearest target of  142.24.

4

USDJPY: The most likely scenario for the pair is going down to the nearest target of 114.56.

5

XAUUSD: The most likely scenario for the pair is going up to the nearest target of 1,181.8.

6

News

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