Chart of the Day - EUR/JPY
(Chart courtesy of FX Solutions’ FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; downtrend line in red; 200-period simple moving average in light blue.) 5/27/2008 – EUR/JPY – Price on the EUR/JPY daily chart, as shown, is approaching a significant downtrend resistance level. This dynamic resistance is represented on the chart by [...]
The Pound was weak today, as markets reacted to the poor U.K housing data
• The Rupee weakened today on persistent dollar purchases by oil companies and other importers to meet their month end dollar demand. The USD/INR pair ended at 42.96 from 42.73 yesterday. • The 6- month and 1-year forward premium was at a 2.40% and 1.75% as compared to 2.07% and 1.55% yesterday. • The Pound [...]
The Pound was weak today, as markets reacted to the poor U.K housing data
• The Rupee weakened today on persistent dollar purchases by oil companies and other importers to meet their month end dollar demand. The USD/INR pair ended at 42.96 from 42.73 yesterday. • The 6- month and 1-year forward premium was at a 2.40% and 1.75% as compared to 2.07% and 1.55% yesterday. • The Pound [...]
May 27, 2008
I still feel well about being long the Australian and the New Zealand dollar against the US currency, as a matter of fact I have just doubled my AUD/USD bet across my trading accounts. The way buyers seem to be slowly taking over in the Japanese yen crosses is also catching my attention. Except for [...]
