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AUD/USD, yesterday's jump extended to 1.0370

2011-04-06 05:48:16 Aussie/Dollar has been moving higher in Asia, currently near session highs at 1.0370; the up leg has been mainly weighed by the pick up of momentum in the AUD/JPY cross.Earlier on, surprisingly low numbers in Australia's home loans failed to impact the currency negatively. The Aussie has been recently supported by fresh record highs in gold that overcame $ 1455/oz.On the upside, break of resistance...

Gold bullion eases off weekly highs above $1440

2011-04-05 12:49:22 Gold futures are slightly lower from weekly highs to the upside of $1440, as overall risk appetite counter-intuitively weighs on commodities in general. The front-month contract currently trades near a low of $1431.00/ounce ahead of the North American session.While normally buoyed by heightened risk aversion, the yellow metal seems to be positively correlated with market sentiment as of recent, even though overall uncertainty in...

EUR/USD pullback from 1.4270 extends to 1.4160 low

2011-04-05 11:22:48 Euro recovery from Friday's low at 1.4060 halted yesterday at fresh 2011 highs at 1.4269, and the pair's pullback has extended lower today, on generalized Euro weakness after Portugal's downgrade, reaching session lows at 1.4160.On the downside, immediate support lies at 1.4150 (Mar 29/30 highs) and below here, 1.4060 (Apr 1 low) and 1.4020 (Mar 28 low). On the upside, resistance levels lie at 1.4190/05 (previous...

EUR/GBP drops below uptrend support after PMI

2011-04-05 09:52:57 Euro Pound retreat from multi-month high at 0.8850, has extended on Pound strength, after upbeat UK services data, breaking below the uptrend support line from February 18 low, at 0.8760/65 area- to reach 8-day low at 0.8735.On the downside, the pair might find support around 0.8720/25 (Mar 22/23 highs), and below here, 0.8660/70 (Mar 24 lows) and 0.8625 (Mar 15 low). On the upside resistance levels ...

EUR/USD hit goal yesterday

2011-04-05 06:24:10 Euro uptrend from 1.4020 low last week, hit its upside target yesterday at 1.4269, fresh 2011 high yesterday, and according to technical analyst, the pair is expected to ease further over the coming sessions.Although short-term charts show oversold readings, Harmer sees potential for further retreat, towards 1.4160/40: "There is scope to go a little lower this morning, but we are looking limited to 1.4160/40 given that the short term charts...

EUR/USD making another run

2011-04-04 12:49:21After making a run at trend line resistance at 1.4270 and November highs in the low 1.4280s overnight in Asia, EUR/USD is showing some bounce in early US trade. One tailwind for EUR/USD is continued intervention from the likes of South Korea to weaken the won as the Bank of Korea diversifies a significant portion of the reserves received via intervention into Euros. Firm oil prices are...

Crude oil holds above $108

2011-04-04 11:50:09 Crude oil futures were supported to fresh 30-month highs on Friday following the robust NFP results, and on Monday continue to climb as unrest in MENA over the weekend exacerbates concerns of an overall supply shortage.The front-month contract today trades quiet around the day´s opening price of $108.30/barrel, slightly settled from an earlier daily high of $108.78. Looking ahead, analysts over at AVA FX suggest: “the weekly candles are looking...

USD/CHF retreat from 0.9340, contained at 0.9220

2011-04-04 10:51:08 Dollar recovery from mid March low at 0.8920, extended on Friday on better than expected US non-Farm payrolls data, and the pair spiked up to 0.9340 high, to give away gains afterwards, and extend retreat on Monday to find support at 0.9220.On the downside, below 0.9220 (day low), next support level could be at 0.91.70 (uptrend resistance line from March 15 low) and 0.9125 (Apr 1 ...

AUD/USD, hits 1.0422, fresh 28-year high

2011-04-04 09:14:13 Australian Dollar rally from 0.9700 lows on Mid March, shortly after Japan's earthquake, extended last week through 1.0300, and the pair resumed its uptrend on Monday's Asian session, hitting a fresh 28-year high at 1.0420, to consolidate below 1.0400 ahead of the European session opening.The pair is aiming higher, according to a technical analysis team, aiming towards 1.0470/95 area: “Bullish structure keeps overall focus on the upside despite the overbought...

Asian markets rise on weak Yen, upbeat employment data

2011-04-04 07:00:04 Asian markets have opened the week with gains, buoyed by Yen weakness and upbeat US Non-Farm payrolls figures, which have boosted market sentiment, outweighing concerns about the nuclear crisis in Japan. In currency markets, Euro and Pound strengthen against Dollar and Yen.Japanese Nikkei Index has risen 0.4%, while, while the Australian ASX index advanced 0.5% and the Hong Kong Hang Seng Index advanced 1.1%. On the negative...
 
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