Sunday, August 7, 2011

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

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


Forex – GBP/JPY Down In Asian Trading Hours

Posted: 07 Aug 2011 04:55 PM PDT

Forexpros – The British Pound was lower against the Japanese Yen on Sunday.<br/><br/> GBP/JPY was trading at 128.53, down 0.07% at time of writing.<br/><br/> The pair was likely to find support at 125.29, Wednesday&rsquo;s low, and resistance at 130.84, Thursday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.22% to hit 1.6429 and EUR/GBP falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Down In Asian Trade

Posted: 07 Aug 2011 04:10 PM PDT

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Sunday.<br/><br/> USD/CHF was trading at 0.7612, down 0.81% at time of writing.<br/><br/> The pair was likely to find support at 0.7559, today&rsquo;s low, and resistance at 0.7848, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.31% to hit 1.4324 and USD/JPY falling 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Down During The Asian Session

Posted: 07 Aug 2011 03:50 PM PDT

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Sunday.<br/><br/> NZD/USD was trading at 0.8366, down 0.81% at time of writing.<br/><br/> The pair was likely to find support at 0.8276, Thursday&rsquo;s low, and resistance at 0.8784, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.36% to hit 1.2428 and EUR/NZD rising 1.08% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Up During The Asian Session

Posted: 07 Aug 2011 03:30 PM PDT

Forexpros – The British Pound was higher against the U.S. Dollar on Sunday.<br/><br/> GBP/USD was trading at 1.6432, up 0.23% at time of writing.<br/><br/> The pair was likely to find support at 1.6225, Tuesday&rsquo;s low, and resistance at 1.6475, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.09% to hit 0.8720 and GBP/JPY falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


After The S&P Downgrade, The Trading Week Opens With USD-Negative Gaps

Posted: 07 Aug 2011 03:03 PM PDT

The market had the weekend to digest Friday's news that Standard and Poor's downgraded US credit rating from AAA to AA+. To open the week, we see gaps that are USD-negative in the EUR/USD, GBP/USD, USD/JPY, and USD/CHF. Let's take a look at the technical setups in these crosses. While the gaps are most apparent in these 4 among the majors, other crosses such as  USD/CAD, AUD/USD and NZD/USD, which involve "commodity" related currencies, are NOT opening with gaps.  Commodity … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down In Asian Trade

Posted: 07 Aug 2011 03:00 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Sunday.<br/><br/> USD/JPY was trading at 78.17, down 0.39% at time of writing.<br/><br/> The pair was likely to find support at 76.79, Wednesday&rsquo;s low, and resistance at 80.24, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.63% to hit 1.4369 and GBP/USD rising 0.40% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD Comes Off With 1.4241 The Next Target

Posted: 07 Aug 2011 02:38 PM PDT

The EURUSD opened higher and has seen quick selling. The pair is moving to the underside of the top trendline at the 1.4341 level.  This level is also near the 50% of the last sharp move higher in the EURUSD. A break below this level should be a disappointment for the dollar bears and would muddy the waters a bit.
Overall, the markets move lower has defined a range. The gap remains for the pair but it might be a little too soon to think about filling the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 07 Aug 2011 02:25 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Sunday.<br/><br/> EUR/USD was trading at 1.4364, up 0.59% at time of writing.<br/><br/> The pair was likely to find support at 1.4056, Thursday&rsquo;s low, and resistance at 1.4426, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.29% to hit 0.8738 and EUR/JPY rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD Gaps Higher

Posted: 07 Aug 2011 02:24 PM PDT

Well the market is opened and the EURUSD gapped to a high of 1.4425.  The support below will now come in at the 1.4358 to  1.4370 level which is high from last Thursday's trading and the 38.2 % retracement of the move  up from the most recent low set on Friday.  I would expect that there would be some buyers on a dip toward this level.  If support is held, it should lead to further buying.  If support gives way, watch the 1.4338 level for support (the 50% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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