GBP-CHF The pair stands around the supporting area from December 2008 at – 1.5120 (the brown line) that broke in 2010 and ever since crosses...
Daily Market Review for the 14.03.2011
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USD remains weak in Asian trade
A fairly quiet Asian trading session, with the USD retaining it’s weaker feel. EUR/USD is up at 1.4090 compared to a North American close Tuesday around 1.4060. The USD is being underminned by a growing realisation that the US will not infact be hiking rates anytime soon and by decent risk...
99.00 to prove magnetic in USD/JPY
There were said to be some big option barriers at this level last week and I’m not sure whether they are still active or not but I am hearing of large stops above 99.00. Not much in the way of decent support in USD/JPY until around 97.40. There are not a lot of reasons to be long JPY in the...
FOREX VIDEO - New York Session Review - Sept 1, 2009
Risk aversion had been the primary theme in global financial markets during today’s London session. An attempt by bulls to wrest control from the bears after the release of better than expected US news proved futile during the New York session. Traders who waited patiently for the post-news...
Automakers join Realtors in calling a market bottom
GM says the bottom of the car market comes this spring. The NAHB said the same about housing earlier today. Hope they are right EUR/USD is firm, as are equities. EUR/USD trades at 1.4315 while the S&P is up...
WORLD FOREX: Profit-taking Pushes Dollar Higher
By Katie Martin LONDON (Dow Jones)--The dollar has climbed against most other major currencies in the European trading session, as investors showed relief ... See all stories on this...