Dow Jones, S&P 500, Nasdaq unchanged

Dow Jones, S&P 500, Nasdaq unchanged

Main stock indexes are flat ahead of the last trading hour in Wall Street. In Europe, stocks posted mix results. In London, the FTSE 100 lost 0.28% while in Germany the DAX gained 0.14%. Gold is holding above $1,350 an ounce posting a daily gain of 1.4%, after soaring $25 in a few hours.

Economic reports release earlier in the US showed a decline in jobless claims to 415.000 last week; an improvement in factory orders and also in the ISM Non-Manufacturing index. According to the US Labor Department productivity grew 3.6% during 2010, the largest increase since 2002

RBA: Raises 2011 GDP forecast to 4.25%, CPI inflation to 3%

RBA: Raises 2011 GDP forecast to 4.25%, CPI inflation to 3%

The AUD/USD has popped 20 pips to 1.0165 where ther's a fight going on between some good sized offers and stop-losses just above this level.

EUR/AUD fast approaching critical technical support

EUR/AUD fast approaching critical technical support

The 1.2920 double-bottom that we've been following has a neckline at 1.3325. The 61.8% retracement of the 1.2920/1.3880 rally comes in at 1.3285. A clean break below the latter would negate the double-bottom pattern in my opinion. EUR/AUD currently trades around 1.3385.

AUD/USD: UK clearer buying in size

AUD/USD: UK clearer buying in size


All the stops have been cleared but there could be more above 1.0200 as a UK clearer is being named as the main AUD buyer. The high so far has been 1.0193 and the next major technical resistance is at the 1.0253 recent daily high.

Forex: NZD/USD holds above 0.7700 despite USD

Despite the Greenback broad bounce across the board, the Kiwi managed to hold pretty well after the strong slump seen early Thursday on worse-than-expected NZ job data.

NZD/USD held above the 0.7700/10 area, that represents the 38.2% retracement of the last 0.7523/0.7823 rally, although it peeped below briefly and set a fresh 3-day low at 0.7689 before rebounding to current levels around 0.7730 where the pair has been consolidating for the last trading hours.

The pair holds a slightly bullish tone with next resistance levels around 0.7750, 0.7780 and 0.7820. On the other hand, supports might be faced at 0.7700/10, 0.7670 and then 0.7640.

Airbus delivers record number of corporate jets

Airbus delivered 15 corporate jets in 2010, worth more than US$ 1.5 billion at list prices, setting a new record for this facet of its business. The aircraft comprised 13 A318 Elites, Airbus Corporate Jetliners (ACJs) and A320 Prestiges, plus two VIP widebody A330/A340s.

Airbus also won eight orders for its corporate jets in 2010, taking total orders to date to more than 170 aircraft. The new orders comprised seven aircraft from the A318 Elite/Airbus ACJ/A320 Prestige Family, plus one widebody A330/A340

ALC takes delivery of the first of 51 Airbus A320 Family on order

Air Lease Corporation (ALC), the aircraft financing and leasing company, has taken delivery of its first brand new A320 aircraft directly ordered from Airbus and to be leased to and operated by Air New Zealand.

Air New Zealand has designed a one-off livery for the new aircraft as part of its Crazy About Rugby campaign, evoking the colours of New Zealand’s world famous national rugby team, the “All Blacks”.

It is the first of two A320s powered by IAE to be delivered to ALC and operated by Air New Zealand.