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Currency Tech |
AUDUSD
R 3: 0.8375
R 2: 0.8263
R 1: 0.8120
CURRENT: 0.8050
S 1: 0.7790
S 2: 0.7703
S 3: 0.7630
EURJPY
R 3: 139.20
R 2: 138.33
R 1: 135.35
CURRENT: 134.39
S 1: 131.43
S 2: 129.70
S 3: 126.98
USDSGD
R 3: 1.4800
R 2: 1.4748
R 1: 1.4649
CURRENT: 1.4534
S 1: 1.4515
S 2: 1.4425
S 3: 1.4385
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Market Brief |
The dollar declined against both the euro and the yen, falling to $1.4085 from $1.3988 per Euro and ¥95.57 to ¥95.95 per USD from yesterday, respectively.
The pound gained for the first day in three versus the dollar, rising 0.7% to $1.6483 as of 2:15 p.m. in London as rising risk appetite spurred demand for riskier assets such as stocks listed on FTSE 100 Index and FTSE 350 Banks Index, both priced in the pound.
The Canadian currency rose 0.5% to C$1.1488 per U.S. dollar at 7:52 a.m. in Toronto, from C$1.1.1546 yesterday as commodities including gold and copper advanced. Swiss franc is down against more than 150 currencies and fell to $1.0859 USD as of 9:30 a.m. in New York from 1.0946 yesterday, after the Swiss National Bank intervened the Forex market twice yesterday, according to currency traders.
The euro rose to 134.72 yen as of 8:03 a.m. in London from 134.22 yen yesterday in New York, harvesting a 2.8% gain this quarter. The trading patterns shows the 200-day moving average remains in a downtrend indicates Europe’s currency may decline to about 128 yen, according to analyst at Bank of Tokyo-Mitsubishi UFJ Ltd.
Crude oil traded at $68.48 as of 10:36 a.m. in New York, down from yesterday’s closing price $70.23, high on Nigerian militants’ attacks on oil installations in Africa’s largest crude producer. Crude oil for August delivery traded down 17 cents at $70.06 a barrel on NYMEX as of 1:47 a.m. London time.
Gold gained for a fourth day. Spot Gold was traded at $943.82oz at 2:18 p.m. in Singapore, adding to a 1.1% gain this week, snapping the longest losing streak since April 17.
Risk Disclaimer:
Although every investment involves some degree of risk, the risk of loss in trading off‐exchange forex contracts can be substantial. Therefore if you are considering trading in this market, you should be aware of the risks associated with this product so you can make an informed decision prior to investing. The material presented here is not to be construed as trading advice or strategy. ACMNY makes a strong effort to use reliable, expansive information, but we make no representation that it is accurate or complete. In addition, we have no obligation to notify you when opinions or data in this material change.
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