The key support level so far is seen at 1,4220 and unless it is broken there are some chances for an upside rebound. The nearest resistance is placed at 1,4340 and breach through this level should initiate gains leading at least to 1,4380 with further ups…
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The world’s biggest investment funds are cutting exposure to US and UK government bonds amid fears that rising public debt and the withdrawal of central bank support for their economies could threaten global recovery. (FT) …
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- Equities: European equity markets opened the session on a heavy note and quickly pushed off to new lows. Markets looked eager to surrender Monday’s large gains and to punish several retailers following disappointing LFL sales out of UK high street ……
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EUR/USD Today#8217;s support: - 1.4371(main), where correction is possible. Break would give 1.4344, where correction also may be. Then follows 1.4318. Break of the latter would result in 1.4288. If a strong impulse, we would see 1.4257. ……
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The Czech koruna started the new year on a positive note. The EUR/CZK pair slipped by around 25 points, mainly thanks to positive developments in the whole CE region, while the market shrugged off the negative news about the 2009 budget gap (for more see …
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EURUSD As the dollar’s rally eased a little bit our daily forecast perceives that in the nearest few hours there is likelihood of falls down to 1.4400/10 where some longs should be opened. However, in case breaking 1.4380 this pair shall be halted ……
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The Yen surged against the US Dollar late into Asian trading amid rumors of large-scale repatriation by Japanese exporters, setting off a wave of selling that weighed on the greenback against most of its major counterparts. German unemployment and Euro Zo…
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- Asian equity markets traded near session highs in mid-day, tracking the broad-based rally in US indices following strong ISM manuf. data, before surrendering some of those gains on currency concerns. Nikkei225 hit a new multi-month high just below 10,80…
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