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Market Review - 06/07/2010 22:12 GMT

Euro rises to a six week high on weak U.S. ISM non-manufacturing data

Although the single currency fell briefly below Monday's low of 1.2510 to 1.2479 fm 1.2545 in Asian morning, euro erased all the losses and rebounded strongly to 1.2607 due to the rebound in Asian and European Equities. Euro was also supported as the RBA kept its key cash rate steady at 4.5% for a second month and it remained optimistic about the outlook for Asia and the domestic economy. Later, despite a brief pullback fm 1.2607, renewed buying interest at 1.2565 lifted the single currency again on the initial firmness in U.S. stock markets n the euro hit an intra-day high of 1.2663 in NY morning b4 retreating ...

INTRA-DAY USD/JPY:

Last Update At 06 Jul 2010 09:28GMT

Range Forecast
87.75 / 88.01


Resistance/Support
R: 88.01 / 88.22 / 88.50

S: 87.42 / 87.33 / 86.96

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INTRA-DAY EUR/USD:

Last Update At 06 Jul 2010 09:05GMT

Range Forecast
1.2570 / 1.2602


Resistance/Support
R: 1.2613/1.2673/1.2739
S: 1.2558/1.2518/1.2479

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INTRA-DAY USD/CHF:

Last Update At 06 Jul 2010 09:26GMT

Range Forecast
1.0600 / 1.0640


Resistance/Support ...

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.2555

Late Update At 06 Jul 2010 06:24GMT

Despite euro's brief drop to 1.2479 in Asia,
subsequent rebound suggests pullback fm Friday's high of 1.2613 has possibly ended there n consolidation with upside bias remains for marginal gain fm here but only abv 1.2590 wud re-test said res lvl.


Below 1.2510/18 wud porlong choppy trading n
may another another fall to 1.2479. Stand aside.


Range Forecast
1.2535 / 1.2565


Resistance/Support
R: 1.2565/1.2613/1.2673
S: 1.2479/1.2453/1.2435

http://www.acetraderfx.com

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.2555

Late Update At 06 Jul 2010 06:24GMT

Despite euro's brief drop to 1.2479 in Asia,
subsequent rebound suggests pullback fm Friday's high of 1.2613 has possibly ended there n consolidation with upside bias remains for marginal gain fm here but only abv 1.2590 wud re-test said res lvl.


Below 1.2510/18 wud porlong choppy trading n
may another another fall to 1.2479. Stand aside.


Range Forecast
1.2535 / 1.2565


Resistance/Support
R: 1.2565/1.2613/1.2673
S: 1.2479/1.2453/1.2435

http://www.acetraderfx.com