Date: 2012/01/23 MACD Crossover at 15:00 EST Confirmation at 16:00 EST Signal: Sell Action: Market Order opened Stop Loss: 50 Pips (5 $) Take Profit: 50 Pips (5 $) Strength: Medium

The USD/CAD indeed broke a triangle support seen in the daily chart. We also see a couple of indecisive days (shown be the type of candlesticks formed), until the start of this week, where a strong, engulfing type of candle is confirming the downside breakout.

This week will be a key one for GBP as we have 2 very important fundamental risk events - the Bank of England meeting minutes as well as the advanced version of 4th quarter GDP.

The Australian dollar edged down from its early morning session's uptrend against the US dollar and the Japanese yen during late New York trading on Monday.

Extending its last week's gain, the Aussie advanced further against its US and Japanese counterparts in Monday's Asian deals. The Aussie closed today's Asian session at 1.0488 against the greenback and 80.79 versus the yen.

During European session, the Australian unit traded further higher against the dollar and the yen and hit new multi-month highs of 1.0575 and 81.48, respectively in late European trading.

After hitting new multi-month highs in late European deals, the Australia's currency reversed its direction during New York deals today. At present, the Aussie is worth 1.0520 against the greenback and 81.02 versus the yen, which may be compared to European session's close of 1.0550 and 81.16, respectively.

There were no major economic releases from the U.S. on Monday. Traders will be looking ahead to this week's meeting of the FOMC.

In the upcoming Asian session, the Bank of Japan is due to announce its interest rate decision.

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The Bank of Japan is on Tuesday scheduled to conclude its monetary policy meeting and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The central bank is expected to keep rates unchanged at 0.10 percent.

The central bank in India also will announce decision rates, with the cash reserve ratio, repo rate and reverse repo rate all expected to remain unchanged at 6 percent, 8.5 percent and 7.5 percent, respectively.

Finally, many of the regional bourses remain closed for the Lunar New Year, including South Korea, Malaysia, Singapore, Taiwan, China and Hong Kong.

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Euro Climbs To 1.6098 Against NZ Dollar

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Australian Dollar Slips To 1.0613 Versus Canadian Dollar

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Overall traders today and throughout the US session are targeting mainly high-yielding currencies; the euro and the pound, as optimism was strongly spread within the global market after that it was announced and reported that the French Finance Minister; Francois Baroin, said that negotiations betwe.

S&P 500 UNOFFICIALLY CLOSES UP 0.05 PCT, AT 1,315.98 The material has been provided by Instaforex Company - instaforex.com

NASDAQ UNOFFICIALLY CLOSES DOWN 0.09 PCT, AT 2,784.17 The material has been provided by Instaforex Company - instaforex.com