Filed under Forex and Currency Trading News, Latest FX Articles · Tagged with aussie dollar, forex market, fxstreet com, high yield, risk appetite
Dollar Slips on Stable Risk Trends and Record Budget Deficit, But Still No Clear Trend Another day has passed whereby the US dollar is caught in the undertow created by hesitation amongst investors to take a clear stance on risk appetite.
Welcome to the FXReturn.com London Forex Market Call for March 11th, 2010. GBP/USD: Closes on session highs as the bulls watch the 1.5000 area for signs of a rally to 1.5200. If the market fails at the 1.4900 level, a move down to pivot support at 1.4781 is likely. GOLD: Rejects 1125 and trades near the first support level of 1100. Technicals are pointing lower suggesting that there is more downside ahead. A close below 1100 will signal a move to 1088 then 1043. Daily FX Forum visitors can sign up for our FREE Live Interactive Webinars and Live Trading Room at FXReturn.com. Please click the following link to view our daily research:LondonMarketCall:Created with Camtasia Studio 5
Filed under Latest FX Articles · Tagged with forex market, forum visitors, fx forum, gbp usd, Technicals
Though technically still entrenched within a sideways consolidation, AUD/USD (a daily chart of which is shown) has displayed a marked bullishness since the early February low. This bullishness has prompted the pair to rise above several key resistance levels to the point where the 15-month high just above 0.9400 is not far off. For more technical analysis on this currency pair, please click here for Wednesday’s (3/10/2010) Chart of the Day.
- James Chen, CTA, CMT
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