Forex: EUR/USD rejected at 1.3615 area, drops to 1.3560

Wed, Mar 10 2010, 07:42 GMT

Euro decline from 1.3705 high on Monday extended below 1.3600 on Tuesday, to bottom at 1.3535 low, and the pair picked up on US session to be capped at 1.3615 and pull down at European opening to 1.3560 area.

At the moment, the pair trades above 1.3560 (intra-day support), and below here,next supportr levels lie at 1.3530/35 (Mar 5/9 low) and 1.3495 (Feb 23 low). On the upside, resistance levels lie at 1.3615, and above here, 1.3635 (Mar 9 high) and 1.3705 (Mar 8 high).

EUR/GBP continues its uptrend, and after a pullback to 0.8980 low on Friday, the pair has bounced up durong the current week although it remains capped by 0.9100 resistance. Above here, next resistance levels lie at 0.9150 and 0.9190. On the downside, support levels are 0.9050 and 0.8995.

Forex: GBP/USD, recovery halts at 1.5015, drops below 1.4935 low

Wed, Mar 10 2010, 07:27 GMT

Pound's decline 1.5195 high on Monday triggered a 260 pip sell off, and the pair attempted to pick up from 1.4935 low, although, capped at 1.5015 high on Asian session, the Sterling has turned down again, reaching levels below yesterday's low at 1.4935 at European opening times.

On the downside, Below 1.4935, the Pound might find support at 1.4885/00 and 1.4850 (Mar 2 low). On the upside, initial resistance level lies at 1.5015 (session high) and above here, 1.5070/85 (intra-day resistances) and 1.5200.

GBP/JPY decline from 139.35 high on Monday found support on Tuesday at 133.90, although following recovery attempt was capped at 135.20, and the Pound extends lower at European opening, dropping to 134.25 session low. Support levels lie at 134.25 ad 133.90. Resistance levels lie at 135.20/35 and 135.60.

Forex: NZD/USD consolidates above 0.7000

Wed, Mar 10 2010, 04:45 GMT

The NZD has consolidated gains against the dollar and is above 0.7000. The pair is currently trading at 0.7060. The Kiwi earlier opened on 0.7026 and set an intraday high of 0.7071. The pair finds support at 0.7034, resistance at 0.7081 and is considered slightly bullish.

The Kiwi rose against the dollar as well as the euro as concerns rose about non-eurozone countries could face similar debt problems such as Greece. The Kiwi also benefitted from a renewed appetite for commodities and high yielding currencies.

Forex: GBP/USD pullback from 1.5195 high extends below 1.5000

Tue, Mar 9 2010, 07:27 GMT
http://www.fxstreet.com

FXstreet.com (Barcelona) - Pound's recovery from Mar 1 low at 1.4780 extended on Monday's Asian session to a one-week high 1.5195 where the the pair was capped on early European session and dropped more than 200 pips since, extending to levels below 1.5000 ahead of Tuesday's European session opening.

At the moment, the pair attempts to pick up from 1.4975 session low, with next support levels below here, at 1.4940 and 1.4850 (Mar 2 low). On the upside, above 1.5000, next resistance levels lie at 1.5050/65 (intra-day resistance), and above here, 1.5135 (Mar 3/4 high) and 1.5195/00 (Mar 8 high).

GBP/JPY recovery from 132.55 low on Mar 3 was capped on Early Monday at 137.35, and the Pound has given away most of the ground taken, dropping to levels below 135.00 at European opening. Support levels are 134.80 and 133.70. Resistance levels are 135.50/65 and 136.80.

ForexLive US wrap-up: EUR gains stall as Greece warns of wider crisis

Mon, Mar 8 2010, 21:22 GMT
http://www.forexlive.com

NY Fed announces new liquidity draining contingency; expands reverse repo counterparties Greek PM Papandreou: Crisis could spread unless speculators reined in ECB's Stark: European Monetary fund would break EMU rules Merkel endorses EMF but says would require treaty amendment German regulator: No signs of excessive speculation in Greek debt Conference Board's US employment trends survey edges higher BOE's Barker: UK in recovery but outlook bumpy S&P 500 closes unch at 1138 US 2-year notes dip 1 bp to 0.89%; 10yr note up 1 bp at 3.71% Gold ends lower at $1122; oil ends off highs but $0.25 higher at $81.73 EUR/USD edged up on healthy risk appetites early in the session, reaching 1.3692 in morning trade but it was soon punched lower as ECB economist Stark all but ruled out the idea of a European Monetary Fund, saying it would violate the terms of EMU. Also hurting the EUR was a dose of scare-mongering by Greek PM Papandreou during his Washington trip, saying a broader crisis is likely if borrowing costs are not lowered fro Greece. EUR/USD slipped as low as 1.3605 before stabilizing. It traded quietly in the 1.3630s for the bulk of the US afternoon. Cable slumped a few minutes before EUR/USD began its fall with now clear catalyst for the drop. The extent of the drop suggested it may have been a tranche of M&A selling, but that is a guess on my part. 1.5168 to 1.5030 was seen in about 90 minutes. Bounces were limited to the 1.5090 area. USD/JPY ran into selling on strength from the BIS around the 90.40 area and later around 90.50 from exporters. Dips were shallow, however, with 90.22 the New York low. AUD/USD fell on profit-taking around midday as the early "risk on"attitude proved to be short-lived. AUD/USD saw its 0.9033 highs shortly after the open on Wall Street and slipped as low as 0.9077. Ranges were lethargic during the afternoon 0.9090/0.9105 contained the bulk of the afternoon dealings.

Forex: Loonie range trading, crude lends support

Mon, Mar 8 2010, 17:41 GMT
http://www.fxstreet.com

FXstreet.com (London) - The Loonie has traded a fairly narrow range this session, bouncing around a 20-30 pip range on market forces. CAD has been supported by the stronger oil prices of late. A key export of the rocky state, the oil price has been well supported above $80, which in itself has lent some support to the currency.

Tight trade relations means CAD broadly moves in lockstep with USD, though the Loonie is not seen as carrying the same 'safe-haven' title as the Greenback. USD/CAD pair currently trading at 1.0272, around the centre of its recent range between 1.0285 and 1.0255.

Forex: GBP/USD, capped below 1.5130 dips back to 1.5000

Fri, Mar 5 2010, 07:54 GMT

Pound's recovery from Monday's low at 1.4780 has been capped on Mar 3 and 4 at 1.5135, and the pair eased on Thursday's US session, to consolidate in Asia within a tight range, from 1.5005/15 to 1.5065.

At the moment, the Pound trades at the lowest area of the mentioned range, about to test 1.5000/15 support area, with next potential support levels, below here, at 1.4970 and 1.4880. On the upside, resistance levels lie at 1.5065 (session high), and above here, 1.5130 and 1.5200.

GBP/JPY decline from 143.65 area on mid February as found support at 132.00, 11-month low, and the pair remained consolidating between 132.45 and 134.00 to pick up above 1.3400 on Thursday and trade between 134.00 and 1,34.40 during Asian session. Resistance levels lie at 134.40 and 135.00. Support levels are 134.00 and 133.55.

Fotrex: USD/JPY bounce from 88.15 low approaches 89.50 resistance

Fri, Mar 5 2010, 07:40 GMT

Dollar's decline from 89.50 high on Friday and Monday extended to a 2-months low on Thursday at 88.12, and the pair bounced up after jobless claims boosted investor's optimism on Thursday, reaching levels above 89.00 to extend on Asian trade and reach 89.35 area, right below 89.50 resistance.

If the pair makes it through 89.50 (Feb 26/Mar 1 highs), next resistance levels lie at 89.70/75 and then 89.90/00 (Feb 23 low/intra-day lebvel). On the downside, support levels remain at 88.95/00 (intra-day support/session low) and below here, 88.50/60 and 88.30.

EUR/JPY continues consolidating within a range from 119.65/75 to 121.85/90, at 11-month lows after its decline from 125.25 high on Feb 22. resistance levels are 121.85/90 and 12230. On the downside, support levels lie at 120.50 and 120.30.

Forex: EUR/USD consolidating below 1.3600 after pullback from 1.3735 high

Fri, Mar 5 2010, 07:25 GMT

Euro recovery from 1.3430 low on Tuesday was capped Wednesday at 1.3735 high, and the Euro gave away almost 200 pips since, dropping to 1.3550, to consolidate during Friday's Asian session, in a range from 1.3570 and 1.3600.

On the downside initial support level lies at 1.3550 (Mar 4 low), and below here 1.3505/10 (intra-day support on Mar 1 and 2) and 1.3435 mar 2 low). Resistance levels lie at 1.3600 (session high), and above here, 1.3630/45 and 1.3690/95 intra-day resistance levels.

EUR/GBP remains trading within a range from 0.9010/15 to 0.9100, consolidating after its last upleg, from 0.8750 on Feb 23 and 24 was capped at 0.9150 on Mar 1. Resistance levels lie at 0.9100 and 0.9150. Support levels are 0.9010/15 and 0.8965.

Forex: AUD/NZD nears 10-year highs and trades at 1.3094

Fri, Mar 5 2010, 04:58 GMT

The AUD continued its gains against the Kiwi and is trading above 1.3000. The pair is currently trading at 1.3094. Earlier, the pair had opened at 1.3103 and posted an intraday high of 1.3121.

The Aussie is currently trading at its highest level against the Kiwi since November 2000. Both the Kiwi and the Aussie fell victim to risk aversion returning to the markets while the USD strengthened.