Forex: AUD/USD upside capped around 1.0390

FXstreet.com (Barcelona) - The Aussie dollar is hovering over 1.0380 on Wednesday after a couple of failed attempts to follow through 1.0390 so far.
In the domestic data front, the Westpac Leading Index rose 0.3% during January, matching December’s reading.

Next on tap in the Australian economy would be the RBA Bulletin and the CB Leading Indicator, both due tomorrow.

At the moment, the cross is advancing 0.11% at 1.0381 with the next resistance at 1.0410 (high Mar.18) and then 1.0413 (Upper Bollinger).
On the downside, a break below 1.0367 (MA200d) would aim for 1.0351 (low Mar.19) and finally 1.0332 (low Mar.18).

Mar 20, 2013

Forex: USD/CHF finding resistance at 0.9480

The USD/CHF is trading mostly above the opening price line, above 0.9468, but it has been difficult to move successfully above 0.9480. German PPI contracted -0.1% in February instead of improving +0.2% as expected. The annualized data eased from 1.7% to 1.2%, below the 1.5% consensus.

Forex Flash: What to expect from the UK Budget and BoE minutes – TD Securities

Today’s MPC minutes will tell us how the BoE decision went, with TD Securities analysts betting it was another close call as data was mostly on the weak side heading into the meeting. “We think that we’ll see a 6-3 or possibly even 5-4 vote, with Governor King continuing to favor further QE”, wrote analyst Alvin Pontoh, adding that gilts might rally with suggestions that members would have considered voting for an extension if it wasn’t for the reinvestment from the matured 4H13.