• Share
Home Market Updates Daily Report

Title Filter     Display # 

EUR/USD surges past 1.4200 on high EU inflation

2011-03-31 11:06:16 Euro bounce from 1.4050 low yesterday has extended sharply higher on European session to breaching 1.4200 level, to reach one week high at 1.4230, fuelled by of high inflation figures in the EU, which have increased pressure on the ECB to hike interest rates.On the upside, if the pair manages to hold above 1.4220 (March 24 high), next resistance levels lie at 1.4250 (March 22 high) and...

EUR/USD: building up, approaches 1.4200

2011-03-31 10:19:15 The Euro is building up on early European session with recovery from yesterday's low at 1.4050 extending above 1.4150 resistance area to reach a fresh week high at 1.4185 so far.The pair has broken above downtrend resistance line from March 22 high, targeting 1.4265 and 1.4280 & 1.4365, says a technical analysis team: "The pair is trading to the upside to breach the minor downside channel’s resistance that is forming...

USD/JPY pullback from 83.20, supported at 82.55

2011-03-31 07:40:48 Dollar rally from last week's trading range, -between 80.70 and 81.30- range extended above 83.00 yesterday, to find resistance at 83.20, 10 pips shy of March high, and, unable to break higher, the pair eased below 83.00 to find support at 82.55.On the downside, immediate support area lies at 82.40/55 (intra-day level/day low), and below here, 82.00 and 81.55 (Mar 29 low). On the upside, immediate resistance lies at 81.20/30...

Asian markets mixed, caution ahead of NFP, China tightening

2011-03-31 06:51:07 Asian markets have been mixed on Thursday, with demand for risk subdued on concerns about further monetary tightening in China and caution ahead of key Non-Farm payrolls data due on Friday.Japanese Nikkei Index edged 0.1% lower, while the Hong Kong Hang Seng Index rose 0.1% the Australian ASX index 0.4% up and the South Korean Kospi Index added 0.2%. The Chinese Shangai Composite Index has dropped 1.0%.

Pound cracks higher, Aussie nears new highs

2011-03-31 05:03:15 The British Pound has finally found brave investors willing to counter-attack the enormous selling pressure GBP/USD has been through over the past week.After falling nearly 500 pips in just four trading days, the fall stalled around 1.5940, from there the Pound has been able to stage a recovery capped by 1.6080 yesterday, although the area got just pierced to now threaten 1.6100.Meanwhile, the Australian...

USD/CAD extends further under 0.9700

2011-03-30 12:15:38 The Canadian dollar continues to be buoyed by high oil prices as of late, allowing for the USD/CAD to extend further to the downside in afternoon trading over Europe. The pair has dropped nearly 60 pips from the opening price, hitting a fresh 2-week low in 0.9685 before consolidating slightly back towards the 0.9700 technical barriers.Directly ahead of a key US employment report by ADP which should trigger higher volatility,...

Gold bullion recovers above $1420

2011-03-30 11:25:58 Despite showing modestly bearish tendencies in previous days, gold futures remain supported today above $1420 as geopolitical unrest in MENA continue. The most active contract for May delivery currently quotes at $1420.20/ounce, recovering from yesterday´s lows near $1410.Speculation that the ECB as well as other central banks may begin to move towards monetary policy tightening has caused some investors to drop away from the gold market, however overall uncertainty in...

European markets rise; Dollar and Yen ease as risk appetite returns

2011-03-30 10:12:48 European investors are tracking the positive sentiment seen in Asia and benchmark stock markets advance, with commodities and automobile sectors leading gains. In currency markets the Dollar fell against Euro and Pound and rose against the Yen.Eurostoxx 50 Index adds 0.5%, while the German DAX index rallies 1.1% up and the French CAC Index advances 0.7%. In the UK, the FTSE Index rises 0.4% two hours after...

Asian markets rise on upbeat corporate profits and weaker Yen

2011-03-30 07:39:51 Asian markets are trading notably higher on Wednesday after two consecutive negative sessions, supported by bright corporate earnings figures, which eased concerns about nuclear issues in Japan. In currency markets, the Yen weakened across the board.Japanese Nikkei Index rallied 2.6% while the Hong Kong Hang Seng Index rose 1.7% the Australian ASX index 1.4% up and the South Korean Kospi Index 0.9% higher. The Chinese Shangai Composite Index edged 0.1%...

The Aussie continues to find buyers

2011-03-30 06:23:20 After holding its ground against the American dollar at $1.0287 by NY close, following a rebound from strong support at 1.0200, the Aussie has been able to overcome recent highs to make a fresh 29-year peak at 1.0331.The Australian Dollar also rallied past 85.50 against the yen, powering well clear of the 200-week moving average at 84.16. According to sources “Traders said a sustained break could pave the way for a...
 
«StartPrev12345678910NextEnd»