Yen rises on risk aversion, dollar advances
Submitted by admin on Tue, 03/09/2010 - 19:58.NEW YORK (Reuters) - The yen rose broadly on Tuesday by falling global stock markets, making clear progress in risk aversion as investors headed into the Japanese currency, lower performance and considered safer.
The risk appetite has been driven by an employment report better than expected in the United States on Friday that knocked the yen to its lowest in two weeks against the euro and the dollar.
Forecast Currencies, Tuesday, 9 March 2010
Submitted by admin on Mon, 03/08/2010 - 21:44.Free Signals Sign In
EUR-USD
We can see resistance at 1.3669 and 1.3690. It should fall to 1.3592.
USD-CHF
It should hold in 1.0659 after which should go up to 1.0762 or 1.0792.
GBP-USD
This pair has a triangle pattern. It should have an acceleration in prices, if it goes up above 1.5196 or fall below 1.5031.
USD-JPY
Should go to 90.61 or 90.91. We can see the support at 90.10. We should put a stop loss below 89.85.
USD-CAD
It should rise above 1.0293. We can see the supports at 1.0271 or 1.0261.
Euro rises after ceding fears about Greece
Submitted by admin on Mon, 03/08/2010 - 20:17.NEW YORK (Reuters) - The euro gained against the dollar and the yen eased on Monday as fears about the fiscal problems of Greece, on Sunday after French President Nicolas Sarkozy, give clues about a plan to support Athens.
Sarkozy promised that the euro zone countries to Greece would help if your financial problems worsen. Greece has been a heavy burden on the euro in 2010, which has fallen 4.5 percent against the dollar so far this year and 7.2 percent against the yen.
Germany rules out immediate financial assistance to Greece
Submitted by admin on Fri, 03/05/2010 - 18:39.LUXEMBOURG (Reuters) - Germany and all euro zone countries on Friday ruled out any immediate and concrete assistance for Greece to resolve their financial problems at the start of a diplomatic tour of the Hellenic Premier George Papandreou.
Greece hopes to resolve its debt crisis received a significant boost Thursday when a significant release of new debt of the country received strong demand, and European leaders on Friday turned to applaud the new austerity measures announced by Athens.
February payroll expectancy encourage job creation in the U.S.
Submitted by admin on Fri, 03/05/2010 - 18:25.WASHINGTON (Reuters) - U.S. employers cut fewer jobs than expected during the snowy month of February while the unemployment rate held steady at 9.7 percent, boosting the theory that the economy is about to start creating jobs.
The Labor Department said Friday that payrolls fell by 36,000 jobs, and said he could not establish the impact that bad weather would have on the data.
Analysts polled by Reuters had expected the economy lost 50,000 jobs last month and the unemployment rate climbed to 9.8 percent.
Forecast Curencies, Friday, 5 March 2010
Submitted by admin on Thu, 03/04/2010 - 22:44.Free Signals Sign In
EUR-USD
It should drop to 1.3518 if 1.3615-1.3647 resist. Should after climbing to 1.3647 or 1.3679.
USD-CHF
It should go to 1.0746 or 1.0822 if 1.0721 offer support. We should place the Stop loss below 1.0696.
GBP-USD
It should climb to 1.5110-1.5188 from 1.5019 or 1.4980.
USD-JPY
It should get to 89.47 if 88.80 or 88.58 provide support. We should put a stop loss below 88.35.
USD-CAD
Should hold in support of 1.0267 after which should go up to 1.0348 or 1.0378.
NZD-USD
The European Central Bank keeps rates at 1 percent
Submitted by admin on Thu, 03/04/2010 - 20:11.FRÁNCFORT (Reuters) - The European Central Bank on Thursday kept the minimum bid rate for refinancing auction at 1 per cent for the tenth consecutive month, as planned, and took further steps to remove the extraordinary measures taken during the global crisis, but still provides a fragile economic recovery.
The bank also left unchanged its deposit rate to 0.25 percent and the marginal at 1.75 percent.
U.S. unemployment applications fall, productivity rises
Submitted by admin on Thu, 03/04/2010 - 19:00.WASHINGTON (Reuters) - The number of U.S. workers applying for unemployment benefits fell last week, but a surprising decline in the contracts in January pending home sales to a minimum of nine months highlighted the slow pace of economic recovery.
Initial claims for state benefits fell 29,000 to a seasonally adjusted 469,000, said the Labor Department said Thursday. The figures were in line with expectations.
Forecast Currencies, Thursday, 4 March 2010
Submitted by admin on Thu, 03/04/2010 - 00:54.Free Signals Sign In
EUR-USD
Should complete its rise in 1.3757. After which should fall to 1.3614 or 1.3532.
USD-CHF
It should end its fall in 1.0631, after which it should go up to 1.0745.
GBP-USD
Should complete its rise in 1.5150-1.5167. After that it should fall below 1.4995.
USD-JPY
It should fall to 88.40-88.19. If it rise, should face 88.40-88.87. We should place the stop loss above 89.27.
USD-CAD
It should end its fall in 1.0274, should rise above 1.0365.
NZD-USD
Euro rallied on hopes of aid to Greece
Submitted by admin on Wed, 03/03/2010 - 00:42.NEW YORK (Reuters) - The euro rebounded Tuesday from a minimum of nine and a half months against the dollar as investors await new austerity plans for Greece to meet its debt crisis and the possibility that receives aid from the European Union .
Earlier, the euro fell to $ 1.3435, its lowest level since May 2009, after the largest union of public sector in Greece on Tuesday convened a 24-hour strike on March 16 to protest against Athens plans to reduce its massive debt.