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Tradingforex - Nice and Simple - Market News Summary in Short

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Tradingforex - Nice and Simple - Market News Summary in Short

Post by natasa.bale on Fri Jan 25, 2013 9:53 am

Currencies

EUR/USD

The dollar held strong in the past couple of days, and it slightly fell yesterday against its major peers. The EUR/USD pair gained 0.41 percent and traded at 1.3373.

USD/JPY

The yen has reached its 11th weekly loss today, as Japanese consumer prices decline. The currency lost 0.2 percent and traded at 90.55 per dollar at 6:39 am London time. This is the longest losing streak for the currency since 1971. The pair traded at 90.55 in Asian trading, and is expected to find support at 88.06 and resistance at 90.25.

AUD/USD

Expectations that the Reserve Bank of Australia will cut interest rates again has contributed in the Australian dollar losing against its major peers including the dollar. The pair traded at 1.0447 losing 0.05 percent, and is expected to find support at 1.0493 and resistance at 1.0558.


Hope you enjoyed it Very Happy

natasa.bale

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