日本語
Español
中文
Русский 
- New York 02:04
- London 07:04
- Barcelona 08:04
- Tokyo 16:04
- Sydney 18:04
FX Trend Report
3
0
Dollar ends the quarter on a high note
Wed, Jul 1 2009, 10:04 GMT
by Peter Ruud
The US Dollar Index ends a brutal second quarter on a bright note. The main perpretrator was the British Pound and it's volatile reaction to economic data, which triggered a false-break of a 4-week wedge formation. This highlighted the EUR/USD's inability to clear the 1.4137 pivot and allowed the Greenback to maintain support at a key fibonacci retracement at 79.47. The weaker consumer confidence number in North American trade spurred renewed risk aversion causing commodities, equities and foreign currencies to retreat even further. The 80.52/64 (DXY) and 1.3980/90 (EUR/USD) regions have become the next focal points (where key trendlines and 10/20-day MA's reside). If these levels are maintained, then attention remains squarely on 1.4137 & 79.47. A sustained clearance, however, will refocus former fibonacci pivots at 80.864/ 1.3839 and signals a possible medium-term bottom in the dollar.
Published on Wed, Jul 1 2009, 10:07 GMT
Archive
- 9-period RSI triangle pattern should be watched
Published On Thu, Nov 19 2009, 10:40 GMT - Inflection point for risk appetite
Published On Mon, Nov 16 2009, 10:14 GMT - EUR/USD probes above channel midpoint
Published On Thu, Nov 12 2009, 09:22 GMT - EUR/USD tests channel midpoint
Published On Thu, Nov 5 2009, 18:59 GMT - DXY rejects at key moving average
Published On Thu, Oct 22 2009, 09:13 GMT
Informa Global Markets
| 18 King William Street, London, EC4N 7BP
http://www.informagm.com | sales@informagm.com
Legal disclaimer and risk disclosure
Informa Global Markets obtains information for its analysis from sources it considers reliable, but does not guarantee the accuracy or completeness of its analysis or any information contained therein. Informa Global Markets and its affiliates make no representation or warranty, either express or implied, with respect to the information or analysis supplied herein, including without limitation the implied warranties of fitness for a particular purpose and merchantability, and each specifically disclaims any such warranty. In no event shall Informa Global Markets or its affiliates be liable to clients for any decision made or action taken by the client in reliance upon the information or analyses contained herein, for delays or interruptions in delivery for any reason, or loss of business revenues, lost profits or any indirect, consequential, special or incidental damages, whether in contract, tort or otherwise, even if advised of the possibility of such damages. This material is intended solely for the private use of Informa Global Markets clients, and any unauthorised use, duplication or disclosure is prohibited. This material is not a comprehensive evaluation of the industry, the companies or the securities mentioned, and does not constitute an offer or a solicitation of an offer or a recommendation to buy or sell securities. All expressions of opinion are subject to change without notice.Related reports
Daily Forex and Dow Jones Recommended Levels by FXtechtrade
Tue, Nov 24 2009, 06:09 GMT
Technical Market Commentary - Technical Market Commentary by India Forex Advisors
Tue, Nov 24 2009, 05:58 GMT
Daily FX Forecast by S.A.F.E. Ltd
Tue, Nov 24 2009, 05:51 GMT
Currency Trading News - US Dollar, Japanese Yen Slump as 10% Rise in US Home Sales Stokes Risk Appetite by DailyFX
Tue, Nov 24 2009, 05:35 GMT
Daily Forex Outlook - Gold Leads Fresh Rally by Easy Forex
Tue, Nov 24 2009, 03:03 GMT
Related content
Heavy turnover continues in the EUR/USD
Forex Live | Tue, Nov 24 2009, 05:54 GMT
Swiss names selling EUR/USD
Forex Live | Tue, Nov 24 2009, 05:40 GMT
Asian forex market wrap: don’t be happy, worry!
Forex Live | Tue, Nov 24 2009, 04:56 GMT
German Ifo data to provide for volatility in early European trade
Forex Live | Tue, Nov 24 2009, 04:32 GMT
EURUSD: Buyers under 1.4940
Forex Live | Tue, Nov 24 2009, 03:10 GMT
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.