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Market Review - 06/04/2010 22:02GMT
Fed minutes suggests rates could stay low for some time

On Tuesday, the single currency declined the most against the dollar in almost two weeks as Greece tried to end speculation it may be having doubts about a plan that European Union and International Monetary Fund provides support in refinancing its debt. Euro traded with a soft undertone throughout the day and price fell to an intra-day low of 1.3355 in NY mid-day before rebounding after the release of the Fed minutes which displayed concern on U.S. recovery. In other news released earlier, it was reported that Greece wants to bypass IMF involvement if it needs assistance because the conditions would be too stringent. The nation’s ...

INTRADAY TRADING SIGNAL BY ACETRADER.COM :
AUD/USD: 0.9203

Last Update At 04 Apr 2010 23:35 GMT

Although Friday's retreat fm 0.9215 suggests fur
ther choppy trading below last week's 0.9218 high wud continue initially, as long as 0.9150/55 holds, upside bias remains n abv said res wud confirm recent upmove has resumed twd 0.9253 later.


Look to buy aud on dips as only below 0.9131 wud abort daily bullishness n risk 0.9112/17.



Range Forecast
0.9185 / 0.9210


Resistance/Support
R: 0.9218/0.9236/0.9253
S: 0.9150/0.9131/0.9117

http://www.acetraderfx.com

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.3530

Late Update At 05 Apr 2010 00:48 GMT

Euro's selloff in NY session following release
of strg U.S. jobs data confirms recent corrective rise fm 1.3267 has made a top y'day at 1.3592 n although 1.3475 has contained weakness, outlook
remains bearish for decline to extend to 1.3460.


Look to sell on recovery as only abv 1.3544 wud
signal intra-day low is made.

Range Forecast
1.3485 / 1.3510



Resistance/Support
R: 1.3518/1.3544/1.3567
S: 1.3475/1.3460/1.3430

www.acetraderfx.com

Market Review - 04/04/2010 14:26GMT
Dollar jumps after strong U.S. employment report

Although the greenback traded narrowly in holiday-thin Easter Friday in Asia as markets in Europe were closed for Easter Friday holiday, price later rallied across the board after release of the key U.S. non-farm payrolls data, the report showed U.S. employers added jobs at the fastest rate in nearly 3 years in March whilst the unemployment rate stood still at 9.7%. U.S. non-farm payrolls increased by 162,000 in March compared to previous month's figure of -36,000 and despite smaller than street forecast of 190,000, traders bought dollar across the board.

Versus the yen, dollar initially traded with a firm undertone ...