Uncategorized

Market Review - 17/08/2011 22:01 GMT

Dollar falls on increased risk appetite

The greenback weakened across the board on Wednesday as improved risk appetite prompted investors to buy higher-yielding currencies such as the Australian dollar and New Zealand dollar. The Swiss franc gained against dollar and euro as the Swiss National Bank reiterated that it would, if necessary, take further measures against its strength but did not show signs it would introduce a currency peg, however, the franc later retreated.

Versus the Japanese yen, although the greenback recovered to 76.83 in Australia, the pair ratcheted lower in Asian and European sessions and fell to its day low of 76.41 in NY morning. However, ...

Market Review - 17/08/2011 22:01 GMT

Dollar falls on increased risk appetite

The greenback weakened across the board on Wednesday as improved risk appetite prompted investors to buy higher-yielding currencies such as the Australian dollar and New Zealand dollar. The Swiss franc gained against dollar and euro as the Swiss National Bank reiterated that it would, if necessary, take further measures against its strength but did not show signs it would introduce a currency peg, however, the franc later retreated.

Versus the Japanese yen, although the greenback recovered to 76.83 in Australia, the pair ratcheted lower in Asian and European sessions and fell to its day low of 76.41 in NY morning. However, ...

Market Review - 16/08/2011 22:04 GMT

Euro pares its gain on disappointing French-German proposal

The single currency retreated on Tuesday as German Chancellor Angela Merkel and French President Nicolas Sarkozy said in a press conference that they did not support the creation of eurobonds or an expansion of the EFSF to contain the debt crisis.

The single currency ratcheted lower from Australian high at 1.4454 on cross selling of euro and fell sharply to 1.4355 in European session on weak German and eurozone GDP data (German and EU Q2 Q/Q GDP growth was 0.1% and 0.2% vs forecasts of 0.5% and 0.3% respectively). However, euro rebounded on weak U.S. data and extended its gain to 1.4473 in NY midday ...

INTRA-DAY USD/JPY:

Last Update At 16 Aug 2011 05:46 GMT

Range Forecast
76.75 / 76.95

Resistance/Support
R: 76.97 / 77.09 / 77.30
S: 76.60 / 76.52 / 76.31

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

INTRA-DAY EUR/USD:

Last Update At 16 Aug 2011 06:46 GMT

Range Forecast
1.4365 / 1.4400

Resistance/Support
R: 1.4422/1.4454/1.4477
S: 1.4370/1.4329/1.4290

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

INTRA-DAY USD/CHF:

Last Update At 16 Aug 2011 06:40 GMT

Range Forecast
0.7785 / 0.7820

Resistance/Support
R: 0.7855/0.7883/0.7926
...