Market Opinion
This report has been deactivated

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Market View for December 24, 2008.
Tue, Dec 23 2008, 22:29 GMT
by James Whyte
ForexAmericas
Stocks ended lower on continued weak economic news. We believe the Yen may be entering a weakening period as the Japanese economy catches up to the rest of the G10+, highlighted by Toyota’s grim news. We are looking for a retracement back to 94.00 over the short term, but don’t expect the market to behave until Jan due to light volume and the possibility of exaggerated moves.
Key levels and Weekly Trends
Eur/Usd:
Support: 1.3910-25 Resistance: 1.4021
Weekly Trend: Downward
Gbp/Usd:
Support: 1.4663 Resistance: 1.4830
Weekly Trend: Downward
Usd/Jpy:
Support: 90.10-25 Resistance: 91.00-91.15
Weekly Trend: Upward
Aud/Usd:
Support: .6760-70 Resistance: .6838
Weekly Trend: Neutral
Published on
Tue, Dec 23 2008, 22:32 GMT
Archive
- Euro falls following Trichet's comments.
Published On Fri, Mar 6 2009, 04:59 GMT
- U.S. Dollar advances vs. Yen.
Published On Thu, Mar 5 2009, 04:54 GMT
- Dow dips to 12-year lows.
Published On Tue, Mar 3 2009, 06:29 GMT
- Dollar index climbs to new highs.
Published On Sat, Feb 28 2009, 00:49 GMT
- Dollar near 3-month highs.
Published On Mon, Feb 23 2009, 22:50 GMT
[ View All ]
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