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Australian dollar

Australian dollar near record lows after the Governor of the Reserve Bank of Australia Glenn Stevens said that interest rates are likely to be lowered again. The New Zealand dollar touched its lowest level in a month after the industrial services sector reported the first contraction in the last three years.

The Australian dollar traded 0.2% lower at $ 1.0215 level in Sydney after falling 0.3% to $ 1.0233 on Oct. 12. Australian Dollar touched $ 1.0149 on Oct. 8. The New Zealand dollar traded down to 81.30 U.S. cents before trading at 81.51 cents, down 0.2% from last week’s close.

Euro

Last week the Euro / US Dollar traded in a range of 1.2900 and was stuck in tight range on Friday (12/10), according to Sean Lee, founder FXWW. Allegedly currency will move in the range of 1.2825-1.3080, added Mr. Lee. “The sell Euro back up, but if the bearish momentum has not increased, while the prospect of short-covering rally would re-occur.”

Level support Euro / US Dollar at EMA 200-day EMA (1.2863), while the 38.2% Fibonacci retracement level at 1.3145 will be a key resistance level after exceeding 1.3070 level (level 5 Oct). Support level at 1.2900 and MA200 at 1.2825 (May 21 level). Euro / US Dollar at 1.2920.

Yen

The Japanese currency also maintains a reprieve against the euro yesterday ahead of today’s release of data expected to show rising U.S. consumer confidence to its highest level since May. Reports yesterday also showed the U.S. unemployment filings fall to its lowest level since February 2008.

The yen traded at 78.38 per dollar in Tokyo from 78.34 yen yesterday. Against the euro, the yen was at 101.33 per euro. After falling 0.6% to 101.27 yen in New York. Euro slightly corrected at $ 1.2929 and is expected to still be down 0.9% this week.

The US dollar index fell to 79,721 from 79,781 previously. In trading EUR / USD, the Euro traded at $ 1.2947, up from $ 1.2927 earlier. During the European trading session, the single currency has strengthened the instigation of the issue stating that Spain moved closer to ask for an emergency bailout. Throughout the week, the euro still recorded a decrease of 0.6% and the US dollar index is back 0.4%.

In trading the GBP USD, GBP / USD traded with a rose $ 1.6077, from $ 1.6045 earlier and recorded a decrease of 0.3% over the week. While the Aussie trading on U.S. Dollar, AUD / USD, investors fled risk Efforts made Australian dollar fell to $ 1.0229 from $ 1.0261 earlier. During this week the Aussie able to rise by 0.5%.

Japanese yen in trading USD / JPY weakened thin, the US dollar bought 78.35 yen price, which is just up from 78.33 yen. The US dollar alone for a week has decreased by 0.4% on Yen.

Analyst Research Vibiz of Vibiz Consulting suggests that trade at this week’s show patterns weakened, whereas in the previous week’s trading is likely to show the movement down.

Back simmering protests in Spain and Greece dampen euphoria euro rise after ECB’s readiness to buy troubled government debt indefinitely. As for trading in the coming week (October 1 to 6), the normal range of movement in weekly Euro index is expected to have a support level at around 99.67 and resistance level at around 100.77.

The movement of the index currency is expected to be influenced by several factors such as: Spanish Manufacturing PMI, Italian Manufacturing PMI, Unemployment Rate, Unemployment Spanish Change, Retail Sales m / m, 10-y French Bond Auction, Minimum Bid Rate, German Factory Orders m / m.

Pound Sterling

Fitch still maintains rating ‘AAA’ Pound Sterling outlook remains negative. But the agency does not guarantee top rating would be able to survive until 2014.

“Negative outlook on the rating ‘AAA’ Pound Sterling reflects the limitations of the fiscal space to absorb economic shocks are worse, given the high levels of debt and uncertain growth prospects in the UK,” Fitch said in a statement. “The growth weaker than forecast and the fiscal year 2012 has increased the pressure on the rating of England.”

Going forward, investors will focus on the UK PMI survey to gauge the likelihood of the UK economy out of recession.

In U.S. trading on Friday, the euro was trading down 0.30% at 1.2857, up from 1.2839 session low level, and down the 1.2959 level.

Output of factories in the Chicago area declined, data showed. Chicago purchasing managers index fell in September, contracting for the first time since September 2009, fell to a seasonally adjusted 49.7 in September from 53.0 the previous month.

Consumers are still a bit wary of the U.S. economy, separate data showed. Final index of consumer sentiment released by Thomson Reuters / University of Michigan for the month of September fell to a seasonally adjusted 78.3 from 79.2 in the previous month figures.

Meanwhile, Spanish banks stress test results revealed that matador country financial institutions require a certain amount of 60 billion euros to get back in good health, largely in line with expectations, which then cut the decline in the euro earlier.

The euro, meanwhile, strengthened against the pound and gained against the yen, up 0.27% against the pound and traded at 0.7976, and gained 0.10% against the yen and traded at 100.31.

Australian dollar

The New Zealand dollar also strengthened against the US dollar and continued to climb toward a fourth weekly gain after the People’s Bank of China to inject 365 billion yuan ($ 58 billion) to the financial system this week. Besides Spain announced its fifth austerity package also provides positive sentiment that the European debt crisis will be under control.

Australian dollar rose 0.1% to $ 1.0457 in Sydney after yesterday rose 0.7% to $ 1.0442. Meanwhile, the kiwi rose 0.4% to 83.49 U.S. cents from last level yesterday. Kiwi is expected to strengthen to 3.9% this month.

Australian dollar strengthened ahead of the second day before the release of Chinese manufacturing data is expected to show growth stagnated amid speculation that China will soon enact more stimulus policies. Australian dollar reinforcements moving towards 1.4% in August and 2.2% for the quarter.

The euro moved towards level two weekly gain against the U.S. dollar before the release of today’s report is expected to confirm the failure of the French economy to grow over the past three consecutive quarters. Economists expect that the data will be released next week will show a contraction of the manufacturing sector while the unemployment rate rose to a record level in the eurozone.

Euro survive at the level of $ 1.2913 in Tokyo after rising 0.3% yesterday. The euro bought 100.20 yen level. Yen thin corrected per dollar from 77.62 yen in New York closing levels. Spanish 10-year bond yield fell 12 basis points to 5.95% yesterday.