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18 Apr 2013

Forex: AUD/USD back to opening levels

FXstreet.com (Córdoba) - The Australian dollar lost momentum during the American session and after peaking at 1.0336, the AUD/USD slid back below 1.0300 and into negative ground for the day. However, the Aussie found support at the 1.0280 area and rose back to around 1.0300, where it is trading at time of writing, virtually unchanged since opening.

In terms of technical levels, immediate resistances for the cross are seen at 1.0336 (intraday high), followed by 1.0370 (100-hur SMA) and 1.0400 (psychological level), while on the flip side supports could be found at 1.0268 (intraday low) and 1.0225 (Mar 12 low) ahead of 1.0200 (psychological level).
Apr 18, 2013

Forex: GBP/USD clinging to 1.5300

The sterling is pushing higher on Thursday, threatening to surpass session highs around 1.5310 so far, as risk appetite is back to the markets after yesterday’s sell-off...
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Apr 18, 2013

US markets trimming losses, dollar tumbles

Poor earnings reports from on-line giant eBay Inc. have dragged US equities lower, extending yesterday’s downside and weighting on sentiment. The return of the risk appetite is punishing the greenback, trimming...
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