Tax benefits program supports the greenback.
Asian and European trading sessions:Euro: The EUR/USD pair decreased to the level of $1,3190 during the morning trading. The euro drop was limited, since the Ireland budget has been accepted yesterday.
Concerns over the budget problems in Portugal and Spain continue to have negative impact on the risk sentiment.
US Dollar: The greenback strengthened on Wednesday, since the extension tax benefits’ program, which was accepted by Barak Obama for two additional years, would support the further rehabilitation of the US economy.
Expectations for the release of the positive fundamentals rendered additional support to the dollar. The initial jobless claims are forecasted to decrease to 425K.
British Pound: The sterling weakened as well, and the GBP/USD pair showed minimums at the $1,5670 mark.
Japanese Yen: The USD/JPY rate increased to the Y84,00 mark.
Oil: Concerns for the European budget crises spreading had a negative influence on the oil prices, which decreased to the $87.66 mark per barrel.
Gold: The gold traded around the $1392.90 level per ounce.
American trading session:
Canadian Dollar: The Canadian dollar demonstrated growth against the euro and the yen. The housing starts for November showed 187.2K against the expected 173.0K.
New-Zealand Dollar: Today the Reserve Bank of New-Zealand left the principal rate unchanged at the level of 3.00%.
Technical analysis for 9/12
EURUSD
The pair is aiming to Moving Average (100) 1.34157.
Resistance: 1.33143, 1.34882, 1.35985
Support: 1.31674, 1.30277, 1.28630
GBPUSD
The pair has reached Moving Average (500) 1.57814 and aiming to 1.58543. Once the pair closes above this level the pair will rise to 1.60322.
Resistance: 1.58543, 1.60322, 1.62050
Support: 1.56722, 1.54842, 1.53482
USDCHF
The pair was unable to stay above 0.98750 and started to decline, aim 0.97892 and 0.97470.
Resistance: 0.98750, 0.99608, 1.00466
Support: 0.97892, 0.97130, 0.96480
USDJPY
The pair has risen to 83.933 but unable to close above this level. The pair may decline to 83.065.
Resistance: 83.933, 84.866, 85.960
Support: 83.065, 82.219, 81.399
AUDUSD
The pair is trying to continue rising. First aim is at 0.99207.
Resistance: 0.99207, 1.00067, 1.00907
Support: 0.98436, 0.97424, 0.96464