Sunday, March 20, 2011

DailyMarkets.com - Forex – GBP/JPY Up In Asian Trading Hours

DailyMarkets.com - Forex – GBP/JPY Up In Asian Trading Hours

Forex – GBP/JPY Up In Asian Trading Hours

Posted: 20 Mar 2011 05:10 PM PDT

Forex Pros – The British Pound was higher against the Japanese Yen on Monday.

GBP/JPY was trading at 131.35, up 0.41% at time of writing.

The pair was likely to find support at 122.51, Tuesday's low, and resistance at 132.51, Thursday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.06% to hit 1.6222 and EUR/GBP falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down In Asian Trade

Posted: 20 Mar 2011 04:25 PM PDT

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Sunday.

AUD/USD was trading at 0.9960, down 0.01% at time of writing.

The pair was likely to find support at 0.9700, Tuesday's low, and resistance at 1.0096, Tuesday's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.07% to hit 1.4229 and AUD/JPY rising 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down During The Asian Session

Posted: 20 Mar 2011 03:55 PM PDT

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Sunday.

NZD/USD was trading at 0.7308, down 0.05% at time of writing.

The pair was likely to find support at 0.7110, Tuesday's low, and resistance at 0.7396, Tuesday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.02% to hit 1.3627 and EUR/NZD rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down In Asian Trading Hours

Posted: 20 Mar 2011 03:20 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Sunday.

EUR/USD was trading at 1.4177, down 0.04% at time of writing.

The pair was likely to find support at 1.3856, Tuesday's low, and resistance at 1.4197, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.01% to hit 0.8736 and EUR/JPY rising 0.39% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up In Asian Trade

Posted: 20 Mar 2011 02:35 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Sunday.

USD/JPY was trading at 80.77, up 0.24% at time of writing.

The pair was likely to find support at 76.50, Tuesday's low, and resistance at 82.03, Tuesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.04% to hit 1.4188 and GBP/USD falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lower Weekly Reference Levels For Gold, SP500, And Oil

Posted: 20 Mar 2011 01:27 PM PDT

How far will the current pullback in the "Risk-On" markets last?  Has the pullback already ended and are we going to start marching on to new recovery highs?
Let's take a look at the current weekly chart picture in the S&P 500, Gold, and Oil to see weekly lower support reference levels should these retracements be deeper than what we saw last week.
First, the S&P 500:

The purpose of this post is just to give a quick take on lower reference levels should they come into … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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