Asian Session: Market Jitters
Tue, Jun 9 2009, 07:59 GMT
by Peter Rosentreich
ACM - Advanced Currency Markets | View company's profile
Vote:

2

0
Market Brief
The USD strengthened in Asian session as the S&P downgraded Ireland's sovereign credit rating for the second time in three months prompting risk aversion trading. The dollar Index climbed back above 80, a crucial level as more and more economic data indicates that the worst of recession is over. Investors’ appetite for gold also seems to be waning as Turkey, one of world’s leading gold consumers, reported gold consumption falling back to zero in May from 26kg the previous month. With the global economy recovering and the dollar regaining momentum, it is hard to see further gold gains which were mainly supported by risk aversion.
| 9,786.82 | -0.79 |
| 18,020.45 | -1.27 |
| 2,755.66 | -0.45 |
| 4,402.00 | -0.72 |
| 5,026.50 | 0.3 |
| 5,403.00 | 0.05 |
| 8,737.00 | -0.25 |
| 950.63 | -0.12 |
| 14.92 | -0.23 |
| 29.77 | 0.5 |
| 68.85 | 1.11 |
| 80.95 | 0.04 |
| 9.2 | 8.9 | EUR / 06.00 |
| -0.1 | 0.0 (-20.3 | EUR / 10.00 |
| -1.0 (-5.4 | -1.6 (-3.5 | USD / 14.00 |
| -0.7 | -1.3 | JPY / 23.50 |
| -5.1 | -3.8 | JPY / 23.50 |
Currency Tech
AUDUSD
R 3: 0.8378
R 2: 0.8263
R 1: 0.8123
CURRENT: 0.7878
S 1: 0.7745
S 2: 0.7703
S 3: 0.7630
EURJPY
R 3: 144.61
R 2: 141.75
R 1: 139.75
CURRENT: 136.18
S 1: 135.30
S 2: 133.89
S 3: 131.49
USDSGD
R 3: 1.4803
R 2: 1.4748
R 1: 1.4666
CURRENT: 1.4639
S 1: 1.4425
S 2: 1.4386
S 3: 1.4336
- S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot
Published on
Tue, Jun 9 2009, 08:06 GMT
Archive
- No SNB In Sight
Published On Fri, Mar 19 2010, 07:54 GMT
- Greece Says it Might Have to Go to the IMF
Published On Thu, Mar 18 2010, 08:21 GMT
- BoJ Increase QE
Published On Wed, Mar 17 2010, 07:42 GMT
- BoJ Poised to Ease
Published On Fri, Mar 12 2010, 07:48 GMT
- Dovish RBNZ Sends NZD Plummeting
Published On Thu, Mar 11 2010, 07:43 GMT
[ View All ]
Legal disclaimer and risk disclosure
This report has been prepared by AC Markets and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by AC Markets personnel at any given time. ACM is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
Vote:

2

0
Related reports
Discount rate discussions keeping floor under bonds by Interactive Brokers LLC
Fri, Mar 19 2010, 14:29 GMT
U.S. Dollar strengthens Overnight; Risk Aversion Highlighted by ForexHound.com
Fri, Mar 19 2010, 14:26 GMT
TraderPlanet Daily Currency Analysis by TraderPlanet.com, LLC
Fri, Mar 19 2010, 13:18 GMT
Canadian dollar in purgatory by Interactive Brokers LLC
Fri, Mar 19 2010, 12:55 GMT
GBP is the big underperformer overnight by Marta on the Markets
Fri, Mar 19 2010, 11:57 GMT
audusd, asia
[ View All ]
Related content
Forex: AUD up from lows and sleepy ahead weekend
FXstreet.com | Fri, Mar 19 2010, 17:25 GMT
Commodities: Gold shattered in seconds
FXstreet.com | Fri, Mar 19 2010, 14:42 GMT
Forex: AUD/USD tries to break 0.9195 support
FXstreet.com | Fri, Mar 19 2010, 14:00 GMT
Asian FX market wrap: Chinese/US tensions, fewer JPY repatriations
Forex Live | Fri, Mar 19 2010, 05:02 GMT
Forex: AUD/USD loses ground and trades at 0.9204
FXstreet.com | Fri, Mar 19 2010, 03:58 GMT
audusd, asia
[ View All ]
The Samurai Trader » AUDUSD - Topping out or pausing before the next leg higher ?
Tue, Mar 16 2010, 15:40 GMT
Chartology » Chart Pattern Stop Loss Discussion: AUD/USD
Mon, Mar 15 2010, 02:45 GMT
The Samurai Trader » AUDUSD - The wedge may break lower
Fri, Mar 12 2010, 16:06 GMT
Chartology » Aussie Continuation
Fri, Mar 12 2010, 01:33 GMT
FX Path » AUD/USD - Following Bullish Trend
Thu, Mar 11 2010, 01:40 GMT
audusd, asia
[ View All ]
My AUDUSD analysis - Forex Forum - FXstreet.com
Mon, Dec 14 2009, 09:36 GMT
Scalping using AUD USD - Forex Forum - FXstreet.com
Wed, Dec 9 2009, 11:36 GMT
Time for commodity currencies? - Forex Forum - FXstreet.com
Tue, Dec 8 2009, 12:55 GMT
Euro, British Pound, Australian Dollar may Rebound Against US Dollar - Forex Forum - FXstreet.com
Tue, Dec 8 2009, 12:49 GMT
Intra-day forex trading signal for AUD/USD by AceTrader - Forex Forum - FXstreet.com
Tue, Dec 8 2009, 12:38 GMT
audusd, asia
[ View All ]
Asian Session: Live Market Analysis
Dr.S.Sivaraman | Mon, Jul 6 2009, 05:00 GMT
Asian Session: Live Market Analysis
Dr.S.Sivaraman | Tue, Jul 7 2009, 05:00 GMT
Asian Session: Live Market Analysis
Dr.S.Sivaraman | Wed, Jul 8 2009, 05:00 GMT
Asia-Pacific Trading Webinar
Abdul Khan | Fri, Jul 10 2009, 05:00 GMT
Asian Session: Live Market Analysis
Dr.S.Sivaraman | Mon, Jul 13 2009, 05:00 GMT
audusd, asia
[ View All ]
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our
user agreement. Please read our
privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2010 "FXstreet.com. The Forex Market" All Rights Reserved.