日本語
Español
中文
Русский
- New York 20:03
- London 01:03
- Barcelona 02:03
- Tokyo 10:03
- Sydney 12:03
Daily FX Report
8
0
The USD advanced for a third day against the EUR
Fri, Sep 25 2009, 08:11 GMT
by Varengold Bank Research Team
Varengold Wertpapierhandelsbank AG
Good morning from Hamburg and welcome to our last FX report of this week. The USD rose against 15 out its 16 most active counterparts, because of the good news from the middle of the week. However, we wish you a successful trading day and a nice weekend.
Market review
The USD advanced for a third day against the EUR. This is the longest strength of gains in this month. The EUR/USD touched its lowest level at 1.4613 in the early Tokyo trading hours. The CAD dropped 1.4% versus the USD to the 1.0882 level. The GBP reached the lowest in more than three month versus the USD at 1.5918. Also against the EUR, the GBP fell to 91.93 and touched its weakest level since April 2009. In the U.S. the sales of existing homes fell last month for the first time since March. That could signalize that the housing recovery will be at a slower pace than economists expected. The purchases dropped 2.7% in August to 5.1 million, the second highest level in the last 23 month. The unemployment job claims fell to 530,000 from 551,000, this signaling that the job market is healing.
The AUD and NZD climbed against the USD and headed for weekly gains as the Group of 20 reported that they will seek to avoid a premature withdrawal of stimulus measures.
GBP/AUD
Since the beginning of September, the GBP has been trading close to a bearish trend-line against the AUD. The GBP rebounded as it touched the support according to its Pivot point and could start a bullish trend. Also the RSI may indicate a recovery for a bullish trend. The Next resistance could be around 1.8806. Now it remains to be seen, if the recovery phase could continue the trend.
EUR/CAD
Since the middle of August, the EUR has been trading close to a bullish trend-line versus the CAD. Now, it touched the upper Bollinger Band. Three times before when it touched the upper Bollinger Band, the EUR rebounded to or under the middle Bollinger Band. In the last month, always when the MACD reached the resistance the EUR rebounded. It remains to be seen if the currency pair could continue or will break the trend.
Published on Fri, Sep 25 2009, 08:17 GMT
Archive
- Investors and economists don't expect an interest rate change by the Federal Reserve
Published On Fri, Nov 20 2009, 10:32 GMT - The EUR fell also against the JPY as it reached the low at 132.80
Published On Thu, Nov 19 2009, 10:13 GMT - During November, the GBPUSD has been moving along the Andrws' Pitchfork
Published On Wed, Nov 18 2009, 10:01 GMT - The USD/CAD has established a support level of around 1.0430
Published On Tue, Nov 17 2009, 10:27 GMT - The CAD/JPY has been moving inside two trend channels
Published On Mon, Nov 16 2009, 10:15 GMT
Varengold Wertpapierhandelsbank AG
| Große Elbstraße 27, 22767 Hamburg
http://www.varengold.de/ | info@varengold.de
Legal disclaimer and risk disclosure
This document is issued and approved by Varengold WPH Bank AG. The document is only intended for market counterparties and intermediate customers who are expected to make their own investment decisions without undue reliance on the information set out within the document. It may not be reproduced or further distributed, in whole or in part, for any purpose. Due to international laws/regulations not all financial instruments/services may be available to all clients. You should have informed yourself about and observe any such restrictions when considering a potential investment decision. This electronic communication and its contents are intended for the recipient only and may contain confidential, non public and/or privileged information. If you have received this electronic communication in error, please advise the sender immediately, and delete it from your system (if permitted by law). Varengold does not warrant the accuracy, completeness or correctness of any information herein or the appropriateness of any transaction. Nothing herein shall be construed as a recommendation or solicitation to purchase or sell any financial product. This communication is for informational purposes only. Any market or other views expressed herein are those of the sender only as of the date indicated and not of Varengold. Varengold reserves the right to consider any order sent electronically as not received unless it is confirmed verbally or through other means.Related reports
Daily Video Recap - Greenback Extends Gains Heading into Weekend by CMS Forex
Sun, Nov 22 2009, 22:21 GMT
U.S. Forex Market Commentary by GCI
Sun, Nov 22 2009, 22:11 GMT
Intraday Forex Technical Report - U.S. Update: More dollar corrections by FXstreet.com Independent Analyst Team
Fri, Nov 20 2009, 16:15 GMT
Daily Market Report - There are indications that the market is reducing its exposure to risk by Wells Fargo Investments, LLC
Fri, Nov 20 2009, 15:19 GMT
Fundamental Currencies Comments - Dollar climbs vs. majors by ecPulse.com
Fri, Nov 20 2009, 15:15 GMT
audusd, eurusd, gbpaud, gbpusd, eurcad, nzdusd, audnzd
View AllRelated content
Forex: Dollar slightly up despite gold
FXstreet.com | Sun, Nov 22 2009, 23:31 GMT
Wall Street ends Friday in negative; Dollar with gains
FXstreet.com | Fri, Nov 20 2009, 22:14 GMT
Forex: EUR/USD ends week with moderate losses
FXstreet.com | Fri, Nov 20 2009, 21:27 GMT
Canada Afternoon: C$ Ends Lower Amid Subdued Risk Sentiment
Dow Jones | Fri, Nov 20 2009, 21:12 GMT
ForexLive New York wrap-up: EUR/USD bounces after 1.4800 attack
Forex Live | Fri, Nov 20 2009, 20:58 GMT
audusd, eurusd, gbpaud, gbpusd, eurcad, nzdusd, audnzd
View All
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
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.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.