Forex Technical & Market Analysis FXCC Dec 13 2013

[alayoua]

[b]Forex Technical & Market Analysis FXCC Dec 13 2013

Aussie dollar sells off after RBA governor sets a target to devalue the Aussie

Friday sees the production of the German WPI, wholesale production inflation expected to be at 0.4% month on month, Swiss producer inflation is expected in at 0.3%, whilst employment change in Europe is expected to remain flat. USA core PPI is published on Friday, expected to be flat, with core PPI expected at 0.1% The DJIA closed down 0.66% on Thursday, the SPX down 0.38% and the NASDAQ down 0.14%. European markets also closed in the red; STOXX down 0.65%, CAC down 0.43%, DAX down 0.66% UK FTSE down 0.97%. Equity index futures are, at the time of writing, pointing to a negative opening in Europe on Friday and the USA. The DJIA equity index future is down 0.69%, SPX down 0.33%, the NASDAQ future down 0.30%. European futures are also down sharply; STOXX down 0.68%, DAX future down 0.70%, CAC future down 0.43% with the FTSE future down 1.15%. Commodities closed the day mainly downing Thursday; NYMEX WTI oil down 0.05% at $97.39 per barrel, NYMEX nat gas closed up 0.90% at $4.38 per therm due to storage data being below expectations. COMEX gold sold off sharply to close the day down 2.56% at $1225.00 per ounce, with silver on COMEX down a substantial 4.25% at $19.49 per ounce. The greenback gained 0.2 percent to $1.3753 per euro after falling to $1.3811 Wednesday, its lowest level since Oct. 29th. The U.S. currency climbed 0.9 percent to 103.38 yen, the strongest level since May 23rd. Japan