Daily Forex Market by FXCC 06Mar2012
Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas.
Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo. Quisque sit amet est et sapien ullamcorper pharetra. Vestibulum
The monthly range based upon the most recent Average True Range readings is 635 pips. This implies that USDCHF could potentially trade between 0.8410 and 0.9680. Monthly support is 0.7064 and resistance 0.9595 and 1.1730.
USDCHF has been in a strong down trend since October 2000. Since August 2011 USDCHF has experienced a pullback into previous support of 0.9679. This support subsequently has now become strong resistance. The close for February 2012 was beneath the low for January
Daily Forex Market by FXCC 05Mar2012
Sterling near 2-weak high vs euro, but drops on dollar
EUR/USD opened marginally lower at 1.3191 at the weekly open, but managed to climb to 1.3213 after bouncing off support ahead of 1.3180 during the Asian session. The pair has since been bracketed between the mentioned range and now holds around 1.3190. AUD/USD has broken below intraday support at 1.0715 from an earlier high of 1.0741 following PMI data out of China, enabling
Daily Forex Market by FXCC 02Mar2012
EU: PLANS TO SLOW DEFICIT-CUTTING PLANS MAY STRETCH TILL JUNE
EUR/USD is currently trading at 1.3297 near recent session lows at 1.3294. With session highs at 1.3331, only 25 minutes after Tokyo opened at 00:00 GMT, the pair has been on the offer since then, losing some -0.27% on the way. On a weekly basis, the EUR/USD is lower by -1.25% since its opening on Monday.GBP/USD is under slight pressure ahead of the European open, having
March, 2nd 2012
Currencies EUR/USD dropped to 1.3318 with the USD remaining positive against the euro.In Europe, the Market purchasing managers index for the euro zone showed activity in the region shrank at a slower pace in February, coming in unchanged from a preliminary estimate.Separately, consumer prices grew at 2.7% annual rate in February, edged up from 2.6% in January, the European Union statistics agency Eurostat reported. January unemployment rose to 10.7% from an upwardly revised