Uncategorized

Market Review - 02/11/2010 23:07 GMT

Euro rallies against dollar on speculation of Fed easing

The single currency surged against dollar on Tuesday as investors forecasted that U.S. Fed will announce the second round of quantitative easing on Wednesday. The Australian dollar penetrated parity after RBA raised it cash rate by 25 basis points to 4.75%, the first increase in six months.

Although euro dropped briefly to 1.3882 in Asian morning, the pair rebounded and ratcheted higher due to RBA's surprise rate hike. The pair rose strongly in Europe after early report of semi-sovereign name bidding euro. The release of upbeat German and eurozone PMI data also gave support to the single currency. Euro ...

INTRA-DAY USD/JPY:

Last Update At 02 Nov 2010 04:09 GMT

Range Forecast
80.35 / 80.60

Resistance/Support
R: 80.80 / 81.08 / 81.60
S: 80.21 / 80.00 / 79.75

-------------------------

INTRA-DAY EUR/USD:

Last Update At 02 Nov 2010 04:11 GMT

Range Forecast
1.3900 / 1.3935

Resistance/Support
R: 1.3952/1.3993/1.4012
S: 1.3864/1.3840/1.3815

--------------------------

INTRA-DAY USD/CHF:

Last Update At 02 Nov 2010 04:15 GMT

Range Forecast
0.9907 / 0.9945

Resistance/Support
R: 0.9972/1.0000/1.0045
...

Market Review - 01/11/2010 23:00 GMT

Euro falls against dollar on upbeat US manufacturing data

The single currency tanked against dollar on Monday as upbeat U.S. manufacturing data prompted investors to reduce their short positions on dollar ahead of Fed meeting.

Euro dropped briefly but sharply to 1.3894 in Asian morning on dollar's rebound especially versus the Japanese yen on talk of possible intervention by BOJ. Although the single currency rebounded strongly to 1.4012 before European opening on renewed risk appetite due partly to the release of stronger-than-expected official Chinese PMI data (which came in at 54.7 in October, versus the forecast of 52.9 and 53.8 in September), the pair ...

INTRADAY TRADING SIGNAL BY ACETRADER.COM: AUD/USD

AUD/USD : 0.9890

Last Update At 01 Nov 2010 07:00 GMT

Although aussie has eased after intra-day rally
fm 0.09814 to 0.9908 n sideawys trading wud be seen pullback wud be ltd to 0.9860/65 n yield resumption of upmove fm last week's low of 0.9651 twds 0.9927 later b4 correction due to loss of momentum.

Buy on dips for this move n only below 0.9814
wud signal aforesaid rise has made a top.

Range Forecast
0.9870 / 0.9908

Resistance/SupportR: 0.9908/0.9927/0.9975
S: 0.9840/0.9814/0.9789

http://www.acetraderfx.com