$ /¥ Dollar and Yen at risk such as feeling Steadies, Pound may rise on intellectual property data

12 June 2012 strategist 05: 13 GMT
US dollar, Japanese Yen correct low markets Digest the day previous volatility British Pound may find support as UK Industrial Production trend improves in April reviewed ECB of financial stability can supply fears Greek debt crisis election looms the US dollar and the Japanese Yen declined against their high counterparts in trade a night in what appeared to be a correction after the saw of long price action during the 24 hours preceding. Indeed, the withdrawal in the two go - to currencies refuge without catalyst Asia performance stock, where the shares followed Wall Street lower. Sentiment was initially supported by the news of bailout of the banking sector the Spain yesterday only to reverse noon course and the strength of the assets risky in negative territory. & S P 500 stock index now generously greater point of refuge currency index futures are likely to remain under pressure, but is betting on support seems clearly dangerous in the current environment.
Figures for Industrial Production in the United Kingdom in starring calendar data, with expectations to a narrow monthly increase of 0.1% in April. Search past months of volatility, the annual reading should see the output of the contract to 1% from April 2011, marking the negative footprint more small in nine months. The result can downgrade other stimulus expectations Bank of England and to increase front-end yields, provide support to the pound sterling. Indeed, the correlation between GBPUSD and binding UK 5 years are now stands at the top of seven months (0.69 on studies of variation in percentage of 20 days). The bi-annual report of the ECB financial stability review is also due to cross the wires. While merchants are unlikely to be particularly surprised by the risk that the Central Bank will likely be identify, the possibility of a strong reaction appears important in view of the proximity of the Greek dreaded elections on 17 June.
Asia session: What happened
Investigation of Manpower New Zealand (3)
REINZ housing price index (may)
REINZ (MoM) housing price index (may)
Investigation on labour Australia (3)
Spending by map NZ - retail (MoM) (may)
RICS house price balance (may)
Loans & discounts Corp (YoY) (APR)
Tertiary industry index (MoM) (APR)
Session of the euro: what to expect
French non-farm payroll (QoQ) (1 q F)
June 2012 SECO economic forecasts
Industrial production (MoM) (APR)
Industrial production (YoY) (APR)
Manufacturing Production (MoM) (APR)
Manufacturing Production (YoY) (APR)
ECB publishes the journal of financial stability (JUN)
Critical levels

Risk of feeling fades as the Greece, the Australian concerns weigh

 Adding another wrinkle to the current Greek tragedy, then even as the date limit of the Thursday announcement, some private holders are to reconsider their participation in an exchange of debt. Analysts say that without their agreement to Exchange on the maturing debt, the "House of cards" fragile set could be collapsed and the country can be found, once again, on the precipice of bankruptcy. With this news, the Euro and other higher risk currencies came under significant pressure. The EUR/USD pair is currently commercial 1.3144 higher, well off the coast of lower 1.3116 day, and feeling on OpenBook is bullish. OpenBook guru pyruss returned from bull to bear on the past several hours, and scalping small existing profitable returns covered trades. OpenBook guru Peischen is also reversed, but the bear to bull and now follows the trend. It has an allocation of 52% in the EUR/USD pair returned a profit of 1.9%.Also hard hit was the Australian Dollar, which has lost as a result not only of the evolution of the feelings of risk, but also on the economic news which showed that the Australian economy rose much less than expected in the fourth quarter of 2011. Recently, the AUD/USD pair was greater than 1.0559, as well off the coast of the lower of the session of 1.0518; sense of the traders on OpenBook is massively bearish, however. Earlier this week, before the RBA decision to keep rates unchanged, OpenBook guru babczyk bucked the trend and opened a short position with a TP of 1.0342; While the couple is a not fall to this level, the guru took the opportunity to record mileage 45.50% return and manually closed the position to 1.0557.
The Australian Bureau of statistics said that GDP fell 2.3% on a year basis, below the estimate of a consensus of 2.4% and 2.5% of the previous period. On a per month basis, GDP fell by 0.4% a curved revised 0.8%, which was also the call for consensus. OpenBook trader adamlucky has also improved its position with several profitable shorts that have closed in the last 24 hours: the Aussie slipped once again. Disappointing GDP, and taking into account the Reserve Bank of the bias of the Australia towards greater ease, the next meeting of the RBA could prove crucial.