FxWirePro: AUD/USD firms as Australian household spending records sharp jump 
NZDJPY Eyes Higher Ground: Buy the Dips as Bulls Defend 88.70 Support 
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight 
FxWirePro: USD/JPY dips below lower range, bearish bias increases 
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major US Indices 
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed 
FxWirePro: GBP/NZD edges higher but bearish outlook persists 
FxWirePro: GBP/USD hits 5-week,scope for further upside 
Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45 
FxWirePro- Woodies Pivot(Major) 
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70 
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption 
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption 
FxWirePro: GBP/AUD gains some upside momentum, but bearish outlook remains 
FxWirePro: USD/ CNY gains some upside momentum but still bearish 
USD has declined against all major currencies and EM currencies previous week. Downside may be limited and it is expected to take support in the near term as markets already priced in a somewhat gloomy outlook for the US economy.
- USD is expected to outperform EM currencies on monetary policy divergence between US Fed and EM central bank.
- The major events to be watched this are FOMC Minutes, U.S Industrial production on Wednesday and CPI data on Friday.
- Fed Chairman testified before Congress on previous Wednesday that U.S economy has been hurt by strong dollar, sinking stocks and weaker Yuan is a big concern for global trade. Jannet Yellen also stated that "I do not expect that the FOMC is going to be soon in the situation where it is necessary to cut rates,"
- The IP is expected to increase 0.4% during January, in line with market expectations. The core CPI will likely print 2.0% y/y, marginally below market expectations of 2.1%. Headline inflation will continue being driven by USD strength and low commodity prices staying around 1.2% y/y (consensus: 1.3%).
Technical Analysis:
USD/RUB
- USD/RUB declined till 76.90 today at the time of writing on stronger Crude oil prices. It is currently trading around 77.62.
- The pair is expected to take support near 74.35 (55 day EMA) and to jump from that level. Any break below 74.35 will drag the pair till 70.
- On the higher resistance is around 81 and break above will take the pair till 85.95.
USD/ZAR :
- USD/ZAR has declined till 15.64 on Thursday (Feb 11th 2016) is facing strong support at 15.60 (55 day EMA) and any further weakness can be seen only below 15.60.
- On the higher side minor resistance is around 16.50 and break above targets 17/17.75
USD/TRY:
- USD/TRY breaks major support 2.98 and declined till 2.8850. It has slightly recovered till 2.960 but it is trading well below 3 level.
- The pair's major support is around 2.8500 and break below targets 2.080/2.075.
- On the higher side any break above 3 will take the pair till 30.60
