Market review from Tradingforex

[jimmy sergill]

Market News 29 JAN 2013

Currencies EUR/USD The dollar’s fortune turned around and it has fallen against most of its peers. It was at 1.3440 per euro at 3:03 pm Tokyo time. The dollar has increased 0.1 percent over the past month, while the euro has added 2.1 percent. The EUR/USD pair lost 0.05 percent and traded at 1.3450 in Asian trading.
USD/JPY With a major drop against most currencies the United States dollar fell against the yen, and traded at 90.69 a yen, a 0.2 percent drop, while the yen increased by 0.3 percent after a long streak of fails, where over just the past month it fell 5.8 percent, the weakest among all major currencies. The USD/JPY pair climbed 0.12 percent in Asian trading and traded at 90.97, it is expected to find support at 88.06 and resistance at 91.25.
AUD/USD The Australian dollar did better with a slight increase, and ignited hope that the Aussie still can beat its U.S. rival. The Australian dollar, U.S. dollar pair increased 0.25 percent in Asian trading, and traded at 1.0444.
GBP/USD The British pound and U.S. dollar pair gained 0.06 percent and traded at 1.5705 in Asian trading, which is its lowest trade since the 20th of August 2012. The UK is now in consideration of refraining from its position in the European Union.

 

[jimmy sergill]

Market News 30 JAN 2013

Currencies EUR/USD The dollar reached its lowest level against the Euro in over a year; it fell against all but one of the major currencies. At 5 pm New York time it traded at 1.3492 dollars per euro, its weakest level in over a year. The pair traded at 1.3478 a 0.17 percent increase and it is expected to find support at 1.3265 and resistance at 1.3496.
USD/JPY The Japanese yen traded lower than most other currencies. It lost 0.2 percent against the euro and traded at 90.20 per dollar at 2:39 pm Tokyo time. It is expected for the yen to lose up to 4.6 percent against the dollar for the whole of January. The U.S. dollar traded at 90.73 yen.
GBP/USD After a streak of losses the British pound redeemed its five months low against the dollar. The pound gained 0.3 percent and at 4:30 pm London time it traded at 1.5741 dollars. So far this year the British pound is one of the two weakest currencies right above the Japanese yen. The pair traded at 1.5768 this morning, increasing 0.50 percent. It is expected to find support at 1.5673 and resistance at 1.5784.

 

[jimmy sergill]

Market News 31 JAN 2013

Currencies EUR/USD The dollar fell to its weakest level in over a year, against the euro. It lost 0.1 percent and traded at 1.3579 per euro at 6:10 am London time. During this month the euro has strengthened against the dollar by 2.8 percent, and it keeps doing so. It gained 0.5 percent since yesterday and at 9:45 am it traded at 1.3553 dollars per euro.
USD/JPY The dollar fell further against most major currencies, but it advanced against the Japanese yen by 0.4 percent trading at 91.98 yen, after reaching its strongest level since June 2010 at 91.41. The pair lost 0.20 percent and traded at 90.91. It is expected to find support at 88.29 and resistance at 91.35.
GBP/USD The British pound gained against the dollar, which has been falling. The British pound, U.S. dollar pair traded at 1.5796, a 0.21 percent increase, it is expected to find support at 1.5675 and resistance at 1.5892.

 

[jimmy sergill]

Market News 4 FEB 2013

Currencies EUR/USD The dollar had mixed successes and losses in its recent trading sessions, but patterns show that it may find itself at a decline. The European currency and U.S. dollar pair lost 0.11 percent in Asian trading, and traded at 1.3628.
USD/JPY The yen broke its streak of loses and gained against the U.S. dollar. It added 0.1 percent and traded at 92.65 per dollar, after touching its weakest level since May 2010 on the 1st of February at 92.97. The pair lost 0.01 percent in Asian trading, and traded at 92.78, it is expected to find support at 91.59 and resistance at 93.63.
AUD/USD The Australian dollar gained against its American peer, which happened in correlation with reports that showed that Australian approvals to build new homes fell last week. The Australian dollar, U.S. dollar pair traded at 1.0426 in Asian trading, a 0.15 percent increase. It is expected to find support at 1.0360 and resistance at 1.0474.
GBP/USD The British pound rose against the U.S. dollar. The GBP/USD pair traded at 1.5701 in Asian trading, a 0.02 percent increase. It is expected to find support at 1.5689 and resistance at 1.5879.

 

[Andrew]

Currencies EUR/USD The dollar had mixed successes and losses in its recent trading sessions, but patterns show that it may find itself at a decline. The European currency and U.S. dollar pair lost 0.11 percent in Asian trading, and traded at 1.3628.
USD/JPY The yen broke its streak of loses and gained against the U.S. dollar. It added 0.1 percent and traded at 92.65 per dollar, after touching its weakest level since May 2010 on the 1st of February at 92.97. The pair lost 0.01 percent in Asian trading, and traded at 92.78, it is expected to find support at 91.59 and resistance at 93.63.
AUD/USD The Australian dollar gained against its American peer, which happened in correlation with reports that showed that Australian approvals to build new homes fell last week. The Australian dollar, U.S. dollar pair traded at 1.0426 in Asian trading, a 0.15 percent increase. It is expected to find support at 1.0360 and resistance at 1.0474.
GBP/USD The British pound rose against the U.S. dollar. The GBP/USD pair traded at 1.5701 in Asian trading, a 0.02 percent increase. It is expected to find support at 1.5689 and resistance at 1.5879.

Hey thanks for this information when you gona post march month's forex trading and currency updates?

 

[tonnymak]

Very good forum.Great information it very useful an informative.Thank you for sharing.

 

[Andrew]

Jimmy, what are the current updates for the Forex trading. There is a great fluctuation in currencies all over the world which one is best to buy in current time.

 

[reed]

There seems to be no steadiness in the market, even the big names are shaky. There seem to be permanent solution to these problems.