Curioso's Homepage
The best to do is to do the best
Journal
|
|
Demo|Live|Free Practice  Daily
Newsletter: 20/10/2009
By Elizabeth Gregory - ACM Advanced Currency Markets,
Geneva, Switzerland |
|
|
|
Hawkish RBA and Apple Earnings Send Dollar
Lower |
News and Events:As anticipated, the RBA
Minutes overnight were incredibly hawkish; highlighting further evidence of both
global and domestic economic recovery, and signalling that more tightening was
likely to come.
As EURUSD creeps ever closer to the psychologically
important 1.5000 level (1.4970 at the time of writing), the next source of good
supply doesn’t come into play until 1.5350.
Over 40 companies are
reporting earnings out of the US today, including Coca Cola, Pfizer, State
Street, Black Rock, UAL, Yahoo, and Northern Trust; but despite it being a very
mixed bag of sectors, one really has to question whether a disappointing result
is going to be enough to stem the declines in the USD from here.
 Read Today's Key Issues and The Risk Today
|
Resistance and Support:
| EURUSD |
GBPUSD |
USDJPY |
USDCHF |
| 1.5590 |
1.6742 |
93.10 |
1.0250 |
| 1.5346 |
1.6570 |
92.50 |
1.0186 |
| 1.5000 |
1.6468 |
91.80 |
1.0123 |
| 1.4965 |
1.6405 |
90.35 |
1.0110 |
| 1.4876 |
1.6221 |
89.70 |
1.0037 |
| 1.4842 |
1.6127 |
88.59 |
1.0010 |
| 1.4720 |
1.6038 |
88.00 |
0.9889 |
| S: Strong, M: Minor, T: Trendline, K: Keylevel, P:
Pivot | |
Quick access to our 5 previous newsletters:
| | | | |
.. rel="stylesheet" type="text/css"
href="http://skn.zorpia.com/4/skin4.css" />
http://bluefm.net/listen.pls
