Monday, November 2, 2009

Currency Focus

Currency Focus


EUR/USD: Euro, expected to recover from 1.4690 support - Commerzbank | Mon, Nov 2 2009, 09:12 GMT
The Euro weakened last week from opening levels above 1.500 to 1.4680 low, which has been tested twice, at the moment, the Euro trades above 1.4750 and, according to Karen Jones, technical analyst at Commerzbank, the pair could pick up during the week, from 1.4690 support area.



GBP/USD: Pound breaks below 1.6400, hits day low at 1.6350 | Mon, Nov 2 2009, 08:17 GMT
The Pound is weakening sharply on early European session times and after being rejected at 1.6480 , the Sterling has given away more then 100 pips, breaking below 1.6400 to hit an intra-day low at 1.6350.



USD/JPY gapped to the downside | Mon, Nov 2 2009, 01:36 GMT
USD/JPY Current Price: 89.64. Pair gapped to the downside, reaching an intraday low of 89.15 before bouncing back to test 61.8% retracement of the last daily rally from 88.00 to 92.30.



USD/CHF jumps to 1.0260 | Fri, Oct 30 2009, 14:52 GMT
Dollar is rising sharply against the Swiss Franc. USD/CHF fell earlier to 1.0154, (intra-day low) but rebounded and started to rally to the upside.


Other currencies

AUD/USD: Aussie bounces from 0.8900, back above 0.9050 | Mon, Nov 2 2009, 08:52 GMT
Australian Dollar's decline from 0.9175/85 resistance area, tested unsuccessfully on Thursday and Friday, found support at 0.8900, on early Asian session, and the pair advances at levels above 0.9070 on early European session.

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