Forex: USD/JPY consolidating below 93.50

After breaking 93.00 in the European session and touching the 93.50, the USD/JPY is trading in consolidation mode following the latest bullish movement from 92.50. Currently the USD/JPY is trading at 93.25, 0.55% positive on the day.

The USD/JPY needs to break above 93.50 to attack the 93.70 and then retest the 94.00 area. On the other side, 93.00 level seems to be key area ahead of the 92.50 and 92.20.

Not much is expected today, but Japan will be publishing consumer confidence, machinery tool orders and GDP data during the week before Thursday's BoJ monetary policy decision. Given that current Governor Shirakawa is due to leave soon and the most anticipated meeting happened last month, little is to expect this time.

Feb 11, 2013

Forex: EUR/USD below 1.3400 since 13:00 GMT

A fight for the win at the 13:00 GMT options cut sent the EUR/USD to the 1.3400 surrounding area. Right before the scheduled hour, the price dropped quickly to 1.3380, where it has been holding against further downside. The market is digesting the movement as the American money flows enter the game.

American equity markets open negatively Monday

The US Stock market experienced a slightly positive opening Monday amidst a respite of economic data in the United States. Beginning with the indices and composites, the NASDAQ fell -0.19% as it settles in region of 3187.57, up -5.98 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1515.72, descending -2.23 points or -0.15% at the time of writing. Finally, the Dow Jones has moved lower at the opening as well, trading in the zone of 13951.31, presently -0.30% after a decline of -41.66 points.