Tuesday, October 23, 2012

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Monday, October 22, 2012

Market Outlook



EUR/USD was trading down 0.02% at 1.3020, up from a session low of 1.3016, and off from a high of 1.3029.
The pair is likely to find support at 1.2952, the low of October 16 and resistance at 1.3077, Friday’s high.
USD/JPY was trading at 79.24, down 0.11% at time of writing.

The pair was likely to find support at 78.62, Wednesday’s low, and resistance at 79.45, Thursday’s high.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USDshedding 0.03% to hit 1.3019 and GBP/USD falling 0.06% to hit 1.5996.
GBP/USDhit 1.6177 on Wednesday, the pair’s highest since October 5; the pair subsequently consolidated at 1.6001 by close of trade on Friday, down 0.41% for the week.
Cable is likely to find near-term support at 1.5975, the low of October 10 and resistance at 1.6065, Friday’s high.

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Wednesday, October 17, 2012

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Tuesday, October 16, 2012

Market outllook


GBP/USDhit 1.6022 during U.S. morning trade, the daily low, the pair subsequently consolidated at 1.6053, edging down 0.14%.
Cable was likely to find support at 1.5983, Thursday’s low and resistance at 1.6141, the high of October 8.

EUR/USD pulled back from 1.2979, the session high, to hit 1.2938 during U.S. morning trade, slipping 0.11%.
The pair was likely to find support at 1.2824, Thursday’s low and resistance at 1.2990, Friday’s high.

USD/CHF hit 0.9372 during European late morning trade, the daily high; the pair subsequently consolidated at 0.9333, easing up 0.01%.
The pair was likely to find support at 0.9307, the low of October 12 and resistance at 0.9384, the high of October 4.


Monday, October 15, 2012

Mraker Outlook


EUR/USD was trading at 1.2957, up 0.03% at time of writing.
The pair was likely to find support at 1.2824, Thursday’s low, and resistance at 1.3015, Monday’s high.

GBP/USD hit 1.6020 on Tuesday, the pair’s lowest since September 11; the pair subsequently consolidated at 1.6064 by close of trade on Friday, down 0.41% on the week.

AUD/USD hit 1.0292 on Thursday, the pair’s highest since October 2; the pair subsequently consolidated at 1.0230 by close of trade on Friday, still up 0.74% for the week.

Thursday, October 11, 2012

Market Outlook 10/12/2012


EUR/USD was trading at 1.2939, up 0.09% at time of writing.
The pair was likely to find support at 1.2932, today’s low, and resistance at 19.3300, Monday’s high.

EUR/GBPwas trading at 0.8066, up 0.09% at time of writing.
The pair was likely to find support at 0.8023, Thursday’s low, and resistance at 0.8099, Tuesday’s high.

USD/JPY was trading at 78.40, up 0.08% at time of writing.
The pair was likely to find support at 77.95, Thursday’s low, and resistance at 78.71, Monday’s high.

EUR/JPY was trading at 101.54, up 0.27% at time of writing.
The pair was likely to find support at 100.15, Thursday’s low, and resistance at 102.45, Monday’s high.


Thursday, October 4, 2012

Euro steady after ECB, BoE keep rates unchanged


Euro steady after ECB, BoE keep rates unchanged

The euro was steady in Asia on Friday after jumping more than one cent on the dollar overnight as the European Central Bank and Bank of England kept their low benchmark interest rates unchanged.

The euro bought $1.3017 and 102.13 yen in Asian morning trade, compared with $1.3018 and 102.16 yen in New York late Thursday.
The dollar changed hands at 78.45 yen against 78.48 yen overnight.
The European single currency remained supported after a strong overnight session following the ECB and BoE decisions, dealers said.
"It might see some profit-taking in Asia after the strong move, but should be supported on dips around 1.2975," ASB Head of FX Institutional Sales New Zealand Tim Kelleher told Dow Jones Newswires.

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