DailyMarkets.com - Commodity Currencies Slide; USD Gains In Early US Session
DailyMarkets.com - Commodity Currencies Slide; USD Gains In Early US Session |
- Commodity Currencies Slide; USD Gains In Early US Session
- Forex Trading: GBPUSD Breaks Below The 200 Day MA At The 1.6119 Level And Moves Lower
- Gold Futures Hover Close To USD1,900 On Safe Haven Demand
- Forex Trading: EURUSD Moves Below Support At 1.4108.
- Forex – USD/CAD Jumps To 6-day High On Dire Global Outlook
- Forex Trading: USDCHF Bulls And Bears Fight It Out In US Holiday Trading
- European Stocks Extend Heavy Losses; DAX Tumbles 3.8%
- AUD/USD Attempting A Top; Below 1.0535, 1.0345 And 1.0260 Is Open
- Forex – Dollar Broadly Higher As Euro, Pound Head Lower
- EUR/USD Nearing Support Pivots; ECB Ahead Should Flatten It Out
- Forex – GBP/USD Hits 6-week Low After U.K. PMI Data
- Forex – EUR/USD Hits 3-week Low, Punished By Debt Woes
- Copper Futures Drop To 1-week Low On Global Growth Fears
| Commodity Currencies Slide; USD Gains In Early US Session Posted: 05 Sep 2011 07:15 AM PDT The commodity currencies, AUD, NZD, and CAD are sliding sharply in early US session. The USD is also very strong. Below are USD/JPY, AUD/USD, USD/CAD, and NZD/USD 5-min charts. The USD/JPY is rallying despite risk aversion. This shows that at the moment, with QE3 out of the way USD is attracting safety flow, but against the JPY, its strength should be checked. At this point, only a rally above 78.00 would start to build evidence of a bottom. AUD/USD has slid below 1.06, and now the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: GBPUSD Breaks Below The 200 Day MA At The 1.6119 Level And Moves Lower Posted: 05 Sep 2011 07:10 AM PDT The GBPUSD has fallen below the 200 day MA at the 1.6119 level for the 3rd time today (green line in the chart above). On this move, the price moved fast to new lows. The market will be looking for corrections to be more contained then the previous two moves lower (see 5 minute chart below). Staying below the 1.6090-94 level will keep the bears firmly in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Gold Futures Hover Close To USD1,900 On Safe Haven Demand Posted: 05 Sep 2011 06:53 AM PDT Forexpros – Gold futures were up for a second day on Monday, climbing above the psychologically important level of USD1,900-an-ounce as lingering worries over the euro zone sovereign debt crisis and mounting concerns over the U.S. economic outlook and boosted the appeal of the precious metal. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,893.55 a troy ounce during U.S. morning trade, climbing 1.02%. It earlier rose as much as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: EURUSD Moves Below Support At 1.4108. Posted: 05 Sep 2011 06:41 AM PDT The EURUSD has been tracking below a channel reistance on the hourly chart above. The line has kept the upside contained for the last 6 hours of trading. Staying below the line – currently at 1.4129 – keeps the bears in charge in todays trading.
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| Forex – USD/CAD Jumps To 6-day High On Dire Global Outlook Posted: 05 Sep 2011 06:24 AM PDT Forexpros – The U.S. dollar rose to a six-day high against its Canadian counterpart in holiday-thinned trade on Monday, as mounting concerns over the global economic outlook dampened demand for commodity-linked currencies. USD/CAD hit 0.9897 during early U.S. morning trade, the highest since August 26; the pair subsequently consolidated at 0.9888, gaining 0.35%. The pair is likely to find support at 0.9752, Friday's low and short-term resistance at 0.9923, the high of August 26. Concerns … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: USDCHF Bulls And Bears Fight It Out In US Holiday Trading Posted: 05 Sep 2011 06:16 AM PDT The USDCHF rebounded sharply on Friday, despite the weak US employment report. The move to the upside found resistance against the 38.2 of the move down from last weeks high at the 0.79077 level (the high reached 0.7910 today) and a move back down has ensued today. The low today tested another retracement level against the 38.2% of the move up from Fridays low (see chart below). So although there are reasons to expect lower prices from the hourly chart, the 5 minute intraday chart … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| European Stocks Extend Heavy Losses; DAX Tumbles 3.8% Posted: 05 Sep 2011 05:56 AM PDT Forexpros – European stock markets extended sharp losses on Monday, as market sentiment was weighed by a dire global outlook, while Societe Generale dragged down shares in the financial sector after being named in a U.S. mortgage-related lawsuit. During European mid-day trade, the EURO STOXX 50 plunged 3.6%, France's CAC 40 dropped 3.65%, while Germany's DAX 30 tumbled 3.8%. Market sentiment remained downbeat after German Chancellor Angela Merkel’s ruling party was defeated in local … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| AUD/USD Attempting A Top; Below 1.0535, 1.0345 And 1.0260 Is Open Posted: 05 Sep 2011 05:42 AM PDT Prev: Forex Market Reactions Against to a Flat Non-Farm Payroll (9/2) 1.06 Broken
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| Forex – Dollar Broadly Higher As Euro, Pound Head Lower Posted: 05 Sep 2011 05:32 AM PDT Forexpros – The U.S. dollar was broadly higher against its major counterparts on Monday, as the euro turned sharply lower amid ongoing worries over the debt crisis in the single currency bloc. During European afternoon trade, the greenback was higher against the euro, with EUR/USD shedding 0.56% to hit 1.4124. The single currency came under broad selling pressure after Chancellor Angela Merkel’s ruling party were defeated in local elections on Sunday. The result may hamper efforts to grant … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| EUR/USD Nearing Support Pivots; ECB Ahead Should Flatten It Out Posted: 05 Sep 2011 05:18 AM PDT Prev: Forex Market Reactions to the a flat Non-Farm Payroll (9/2) EUR/USD continued the bearish run to start the week. There was a gap in favor of the USD as the first Asian session this week started.
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| Forex – GBP/USD Hits 6-week Low After U.K. PMI Data Posted: 05 Sep 2011 05:07 AM PDT Forexpros – The pound extended losses against the U.S. dollar on Monday, falling to a six-week low after data showing that activity in the U.K. service sector posted the biggest drop in more than a decade in August underlined concerns over the global economic outlook. GBP/USD hit 1.6100 during European afternoon trade, the pair's lowest since July 20; the pair subsequently consolidated at 1.6141, shedding 0.45%. Cable was likely to find support at 1.6039, the low of July 19 and resistance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Hits 3-week Low, Punished By Debt Woes Posted: 05 Sep 2011 04:34 AM PDT Forexpros – The euro fell to a three-week low against the U.S. dollar on Monday, as ongoing worries about the regions debt crisis and concerns over the outlook for U.S. growth weighed. EUR/USD hit 1.4108 during European early afternoon trade, the pair's lowest since August 11; the pair subsequently consolidated at 1.4112, shedding 0.65%. The pair was likely to find support at 1.4054, the low of August 5 and resistance at 1.4287, last Friday's high. The single currency came under broad … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Copper Futures Drop To 1-week Low On Global Growth Fears Posted: 05 Sep 2011 03:40 AM PDT Forexpros – Copper futures were down for a third day in thin holiday trade on Monday, falling to a one-week low as mounting fears over the global economic outlook hit demand expectations for the industrial metal, while a broadly stronger U.S. dollar also weighed. On the Comex division of the New York Mercantile Exchange, copper futures for December delivery traded at USD4.076 a pound during European morning trade, dropping 0.94%. It earlier fell as much as 1.05% to trade at USD4.071 a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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