Wednesday, September 29, 2010
Forex: USD/CHF struggles to stay above 0.9850 - NASDAQ
By the time the US season began, USD/CHF had been dragged over 55 pips lower to find support at 0.9815, daily low. From there, a shy drift back above 0.9850 was seen, only to give up the area once more in the last hour of trading, currently at 0.9840, a 0.07% lower than its previous close.
According to the Analysis Team at 4CAST: "The mkt. is still above Fri's new low at 0.9776 but we still think this is likely to come under pressure over the next few days. Ahead of this the close sup. is at 0.9810 while a new low should target 0.9745/50 next. Res. is in the 0.9870/00 band".
Tuesday, September 28, 2010
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Monday, September 27, 2010
WORLD FOREX: Dollar Rallies Late, Modestly On Renewed Fed Talk - Wall Street Journal
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See a sample reprint in PDF format.Order a reprint of this article nowSEPTEMBER 27, 2010, 4:54 P.M. ETWORLD FOREX: Dollar Rallies Late, Modestly On Renewed Fed Talk ArticleCommentsmore in Business »NEW YORK (Dow Jones)--The dollar mustered a modest late rally against the euro Monday after it emerged that Federal Reserve officials could be considering a boost to the sagging economy by using a more open-ended, smaller-scale program than some investors had originally thought.
The dollar had been on a weakening path against the euro and its other competitors--sinking earlier to its lowest level since April against the common currency--with investors betting the Fed would soon implement a fresh round of asset purchases, known as quantitative easing, to kickstart slowing growth.
The Wall Street Journal reported late Monday that Federal Reserve ...
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