China Import / Export Data Improves

10 March 2010 @ 08:54 am EDT

Currency Tech

EURUSD

R 2: 1.3800

R 1: 1.3735

CURRENT: 1.3585

S 1: 1.3444

S 2: 1.3425

USDJPY

R 2: 91.90

R 1: 90.70

CURRENT: 90.27

S 1: 89.50

S 2: 88.15

GBPUSD

R 2: 1.5350

R 1: 1.5278

CURRENT: 1.4961

S 1: 1.4900

S 2: 1.4857

AUDUSD

R 2: 0.9280

R 1: 0.9170

CURRENT: 0.9167

S 1: 0.8935

S 2: 0.8790

USDCAD

R 2: 1.0530

R 1: 1.0490

CURRENT: 1.0266

S 1: 1.0200

S 2: 1.0100

Market Brief

  •  Australia Westpac Consumer Confidence printed at 0.2% vs. -2.6% exp

  •  Australia Jan owner-occupied housing finance -7.9% m/m vs.-2.0% exp investment finance +0.9%

  • In Australia RBA AsstGov Lowe sounded very optimistic stating that growth was at or above average for the next couple of yrs, while labor market are strong and inflation consistent with medium-term target, challenge to expand supply to satisfy demand without inflation.

  •  Japans Machine Orders came in lower then expected at m/m -3.7% vs. -3.5% exp , prior reading 20.1%

  • New Zealand Q4 terms of trade index 5.7% q/q, 2.5% exp, largest gain since Q1 1976, export volumes -1.2%, export price index -0.3%, import price index -5.8%.

  • In Japan, PM Hatoyama states he hopes for appropriate, flexible monetary policy from BoJ, and government will work closely with the central bank to beat deflation

  •  China Trade Balance rose to $7.61bn vs. 7.15bn exp, $14.14bn prior, Exports rose 45.7% while import increased 44.7%

Copyright 2009, Advanced Currency Markets SA, Forex Broker, All Rights Reserved

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