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Daily Forex Market by FXCC 11Jan2012

MARKET OVERVIEW – JANUARY 11 2012

The dollar and yen fell versus most of their major peers

The franc was little changed at 1.2128 per euro after earlier gaining to 1.2107, the strongest since Sept. 20.The dollar fell 0.1 percent to $1.2778 per euro at 5 p.m. in New York after weakening 0.4 percent yesterday. It depreciated earlier today to $1.2818, the least since Jan. 5. The yen declined 0.1 percent to 98.19 per euro. The dollar was unchanged at 76.85 yen. The GBP/USD rally from its recent lows continued on Tuesday, reaching the 1.5500 price area from the earlier session low of 1.5445, ending trade in New York 0.17% higher at 1.5482.

New Zealand’s currency, nicknamed the kiwi, rose 0.9 percent to 79.44 U.S. cents, and Australia’s dollar advanced 0.7 percent to $1.0314. The Canadian dollar has appreciated more than 1% this week, Tuesday saw USD/CAD fall to a 3-day low of 1.0152 from the earlier high of 1.0238.

UPCOMING EVENTS

2012-01-11 05:00 GMT |Japan - Leading Economic Index (Nov) Preliminar

2012-01-11 08:00 GMT | Germany - Real GDP Growth

2012-01-11 08:00 GMT | EU - Gross Domestic Product s.a. (QoQ) (Q3

2012-01-11 09:00 GMT | EU - Gross Domestic Product s.a. (YoY) (Q3)

FOREX NEWS

2012-01-11 05:05 GMT | Japan Leading Economic Index rises to 92.9 in Nov

2012-01-11 02:12 GMT | China should use $2 trill FX reserves for overseas investment

2012-01-11 01:15 GMT | The Greenback roars ahead through an active Asian session

2012-01-11 00:01 GMT | United Kingdom Dec BRC Shop Price Index (MoM) 1.7%

EURUSD 1.27540 / 1.27547

High: 1.27789 | Low: 1.26287 | Chg: -0.0024 -0.19%

SUMMARY: Up

INTRADAY TREND: Uptrend

MA10: Bearish

MA20: Bearish

STOCHASTIC: Neutral