Apr 2, 2010

Daily Markets - Financial News And Opinions

Daily Markets - Financial News And Opinions

Forex And Economic Outlook For April 2010

Posted: 02 Apr 2010 07:21 AM PDT

At the current juncture, it is the Eurozone, and the European periphery in particular, that is bearing the brunt of investor scrutiny. Sovereign concerns haven’t eased materially since Eurozone heads of state reached their agreement on a Greek safety net. Their statement lacks explicit and strong commitment, implying that, should it ever come to the invocation of the backstop facility, Eurozone members could still back away - leaving the IMF as the ultimate lender of last resort. At best, the … [visit site to read more]


Forex Trading: EURUSD Tests Support At 100 Hour MA

Posted: 02 Apr 2010 06:26 AM PDT

The EURUSD has moved lower to support against the 100 hour MA at the 1.3493.  The market has moved below but has pushed back higher.  A break below will next target the trendline support at the 1.3470 level. Upside resistance should come in at the 1.3518 level now.  This is the 38.2% of the move down from the post report … [visit site to read more]

Forex Trading: EURUSD Key Levels

Posted: 02 Apr 2010 05:19 AM PDT

Below are some key levels to watch for the EURUSD today.
1.3618.  In the daily chart below, the 1.3618 level is the trendline connecting the highs from 2010.  A move up toward this level should find profit taking sellers at least initially. If the level is taken out to the upside, the market should see a move further move up for the pair.  Longer term, the 1.3768 would be a target. This is the 38.2% retracement of the 2010 high to low trading range.

1.3495. The 1.3495 level is … [visit site to read more]
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