Posted by admin on December 30, 2010 under forex market | 
USD Dollar (USD) – The Dollar weakened across the board in Forex trading as signs of economic recovery in the U.S. pushed investors towards higher yielding assets. The Stock Markets in U.S. closed almost unchanged as the Dow Jones advanced by 0.09% and the NASDAQ raised by 0.15%. The Crude Oil for the fourth day is still fluctuating around the 91$ a barrel. The Gold (XAU) jumped by 0.6% and closed at 1413$ an ounce. Today, the Initial Jobless Claims are expected at 416k vs. 420k previously. The Chicago PMI is expected at 61.5 vs. 62.5 previously. The Pending Home Sales are expected at 2.1% vs. 10.4% previously.
Euro (EUR) – The Euro climbed versus the dollar during the American session and as expected rebounded back to 1.32 zones after it failed to break the key support at 1.3070. The M3 Money Supply came out 1.9% better than expected 1.6%. Holding above the support level of 1.32 keeps the momentum positive for the pair. Overall, EUR/USD traded with a low of 1.3083 and with a high of 1.3259. No economic data is expected today.
EUR/USD – Last: 1.3229
| Resistance |
1.3200 |
1.3270 |
1.3370 |
| Support |
1.3070 |
|
|
British Pound (GBP) – The Pound jumped versus the dollar during the American session and as expected rebounded back to 1.55 zones after it failed to break the key support at 1.5340. The Housing Equity Withdrawal, came out -6.1B worse than expected -5.5B. Holding above the support level of 1.5490 keeps the momentum positive for the pair. Overall, GBP/USD traded with a low of 1.5348 and with a high of 1.5526. No economic data is expected today.
GBP/USD – Last: 1.5508
| Resistance |
1.5490 |
1.5570 |
1.5640 |
| Support |
1.5350 |
|
|
Japanese Yen (JPY) – The Yen posted gains versus the dollar despite risk appetite among the investors as government bond yields declined in U.S. Holding below the key resistance level of 82.50 keeps the negative momentum for the pair. Overall, USD/JPY traded with a low of 81.27 and with a high of 82.44. No economic data is expected today.
USD/JPY-Last: 81.43
| Resistance |
81.80 |
82.50 |
83.40 |
| Support |
81.25 |
|
|
Canadian Dollar (CAD) – Canada’s dollar posted 6 consecutive days of strength vs. the U.S. dollar, although traded in very tight range and currently fluctuating around the parity level. Only breaking the 0.9980 support area will extend the decline in the pair, otherwise a rebound back to 1.01 zones is possible. Overall, USD/CAD traded with a low of 0.9973 and with a high of 1.0054. No economic data is expected today.
USD/CAD – Last: 0.9995
| Resistance |
1.0050 |
1.0140 |
1.0210 |
| Support |
0.9980 |
|
|
Tags: currency pair, currency trading, daily forex, foreign exchange, Forex, forex account, forex analysis, forex demo, forex market, forex news, forex online, forex online market, forex online trading, forex reviews, forex strategy, Forex Trading, fx forex, fx trading, gold trading, learn forex, NASDAQ, start forex trading, trade forex, ufx bank, ufxbank
Posted by admin on December 29, 2010 under forex market |
USD Dollar (USD) – The Dollar traded mixed against the major currencies on a volatile session caused by low liquidity. The CB Consumer Confidence came out at 52.5, worse than the expected 56.1. The Stock Markets in the U.S. closed almost unchanged as the Dow Jones advanced by 0.18% and the NASDAQ fell by -0.16%. Crude Oil is still fluctuating around $91 a barrel for the third consecutive day. Gold (XAU) soared by 1.6% and closed at $1405 an ounce. No economic data is expected today.
Euro (EUR) – The Euro unexpectedly reversed in Forex trading against the dollar after it reached the resistance area at 1.3270 and then proceeded to fall below 1.31 zones. Only breaking the 1.3070 support area will extend the decline in the pair, otherwise a rebound back to 1.32 zones is possible. Overall, EUR/USD traded with a low of 1.3083 and with a high of 1.3274. Today, the M3 Money Supply is expected at 1.6% vs. 1% previously.
EUR/USD – Last: 1.3127
| Resistance |
1.3200 |
1.3270 |
1.3370 |
| Support |
1.3070 |
|
|
British Pound (GBP) – The Pound is once again struggling with the 1.54 area after it jumped during the day to 1.55 zones. Only breaking the 1.5340 support area will extend the decline in the pair, otherwise a rebound back to 1.55 zones is possible. Overall, GBP/USD traded with a low of 1.5343 and with a high of 1.5520. Today, The Housing Equity Withdrawal is expected at -5.5B vs. -6.2B previously.
GBP/USD – Last: 1.5403
| Resistance |
1.5490 |
1.5570 |
1.5640 |
| Support |
1.5350 |
|
|
Japanese Yen (JPY) – The Yen posted gains versus the dollar after U.S economic data showed a halted economic recovery. Holding below the key resistance level of 82.50 keeps the momentum negative for the pair. Overall, USD/JPY traded with a low of 81.80 and with a high of 82.83. No economic data is expected today.
USD/JPY-Last: 82.29
| Resistance |
82.50 |
83.40 |
84.40 |
| Support |
81.80 |
|
|
Canadian Dollar (CAD) – Canada’s dollar posted 5 consecutive days of strength vs. the U.S. dollar as currencies linked to commodity prices jumped following the Gold and Crude Oil prices. Only breaking the 0.9980 support area will extend the decline in the pair, otherwise a rebound back to 1.01 zones is possible. Overall, USD/CAD traded with a low of 0.9974 and with a high of 1.0070. No economic data is expected today.
USD/CAD – Last: 1.0050
| Resistance |
1.0040 |
1.0140 |
1.0210 |
| Support |
0.9980 |
|
|
Tags: currency pair, currency trading, daily forex, foreign exchange, Forex, forex account, forex analysis, forex demo, forex market, forex news, forex online, forex online market, forex online trading, forex reviews, forex strategy, Forex Trading, fx forex, fx trading, gold trading, learn forex, NASDAQ, start forex trading, trade forex, ufx bank, ufxbank
Posted by admin on December 28, 2010 under forex market |
USD Dollar (USD) – The Dollar slightly weakened against most of the major currencies during the opening of the Asian Forex trading session as a result of low liquidity in the markets. The Stock Markets in the U.S. closed almost unchanged as the Dow Jones fell by -0.16% and the NASDAQ advanced by 0.06%. Crude Oil is still fluctuating around $91 a barrel, while Gold (XAU) is holding above the $1380 an ounce. Today, CB Consumer Confidence is expected at 56.1 vs. 54.1 previously.
Euro (EUR) – The euro gained versus the dollar, hitting 7 day record, as it suddenly jumped 70 pips in a period of a few minutes after trading most of the day unchanged. Holding above the support level of 1.32 might push the pair higher to 1.34 areas. Overall, EUR/USD traded with a low of 1.3071 and with a high of 1.3250. No economic data is expected today.
EUR/USD – Last: 1.3240
| Resistance |
1.3280 |
1.3370 |
|
| Support |
1.3200 |
1.3070 |
|
British Pound (GBP) – The Pound gained versus the dollar after it spent most of the day struggling to hold the 1.54 support area, but the surge in the Euro also pushed the sterling to jump to 1.5480 levels. Holding above the support level of 1.54 might push the pair higher to 1.56 areas. Overall, GBP/USD traded with a low of 1.5368 and with a high of 1.5487. Today, UK banks will be closed in observance of Boxing Day.
GBP/USD – Last: 1.5478
| Resistance |
1.5490 |
1.5570 |
1.5640 |
| Support |
1.5380 |
|
|
Japanese Yen (JPY) – The Yen posted gains versus the dollar after China raised interest rates to restrain inflation, pushing investors towards a safety refuge. The Tokyo Core CPI came out unchanged at -0.4% as expected. Retail sales came out at 1.3%, better than the expected 0.4%. Breaking below the key support level of 82.50 turns the momentum to negative for the pair. Overall, USD/JPY traded with a low of 82.62 and with a high of 82.97. No economic data is expected today.
USD/JPY-Last: 82.50
| Resistance |
83.05 |
83.40 |
84.40 |
| Support |
82.40 |
|
|
Canadian Dollar (CAD) – Canada’s dollar posted 4 consecutive days of strength vs. the U.S. dollar as it approaches a key support level of the pair at 1.0020. Breaking that support level might push the pair below parity once again. Overall, USD/CAD traded with a low of 1.0049 and with a high of 1.0109. Today, Canadian banks will be closed in observance of Boxing Day.
USD/CAD – Last: 1.0050
| Resistance |
1.0140 |
1.0210 |
|
| Support |
1.0040 |
1.0000 |
|
Tags: currency pair, currency trading, daily forex, foreign exchange, Forex, forex account, forex analysis, forex demo, forex market, forex news, forex online, forex online market, forex online trading, forex reviews, forex strategy, Forex Trading, fx forex, fx trading, gold trading, learn forex, NASDAQ, start forex trading, trade forex, ufx bank, ufxbank
