Uncategorized

Market Review - 11/09/2010 02:04 GMT

Dollar rose against yen due to upbeat Chinese import data

The greenback advanced against the Japanese yen on Friday as solid Chinese import data boosted investors' confidence on the global economic recovery.

Although the greenback rose initially to 84.30 against the Japanese yen in early morning trading in Tokyo on short-covering in reaction to the Japanese government statement that decisive measures would be taken, including forex intervention if necessary together with a widening in the U.S.- Japan yield spread, selling interest there pressured dollar to 83.75 in Europe. However, the greenback staged a strong rebound from there and climbed to 84.39 in NY ...

INTRA-DAY EUR/USD OUTLOOK

Last Update At 10 Sep 2010 09:25 GMT

Rate : 1.2732

Euro's strg rebound after early resumption of
fall fm this week's high of 1.2920 (Tue) to 1.2642 suggests a temp. low is made, consolidation with upside bias is seen but abv 1.2747 needed to bring stronger retrace. to 1.2767.


Below 1.2693 wud signal recovery is over n bring re-test of said sup. Stand aside in the meantime.

Range Forecast

1.2710 / 1.2747

Resistance/Support

R: 1.2747/1.2767/1.2814
S: 1.2659/1.2642/1.2625

http://www.acetraderfx.com

INTRADAY TRADING SIGNAL BY ACETRADER.COM: AUD/USD

AUD/USD : 0.9228

Last Update At 10 Sep 2010 06:14 GMT

Aussie's rebound after meeting renewed buying at 0.9205 suggests retreat fm y'day's 0.9278 high has ended there n consolidation with 'mild' upside bias is seen, abv 0.9249 wud add credence to this view but only abv said res wud extend upmove twd 0.9291.


Turn cautious buyer with stop as indicated, be-
low wud risk another corrective fall to 0.9181...

Range Forecast
0.9215 / 0.9245


Resistance/Support

R: 0.9249/0.9278/0.9291
S: 0.9205/0.9181/0.9163

http://www.acetraderfx.com

INTRA-DAY USD/JPY:

Last Update At 10 Sep 2010 02:26 GMT

Range Forecast
84.05 / 84.30


Resistance/Support
R: 84.30 / 84.50 / 84.64
S: 84.05 / 83.78 / 83.49

------------------------
INTRA-DAY EUR/USD:

Last Update At 10 Sep 2010 02:24 GMT


Range Forecast
1.2635 / 1.2665

Resistance/Support
R: 1.2687/1.2709/1.2743
S: 1.2625/1.2606/1.2588

------------------------
INTRA-DAY USD/CHF:

Last Update At 10 Sep 2010 02:23 GMT

Range Forecast
1.0200 / 1.0230


Resistance/Support
R: 1.0239/1.0257/1.0310 ...