Daily Long Term Moving Average↑ (1.3908 today) managed to act as Support in recent downmove, with pair above Triangle pattern, but near apex..gif)
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Thursday, June 25, 2009
EUR/USD Technical Analysis
FX And Dow Jones Recommended Levels
Where correction is possible.
Break would give 1.3767, where correction also may be.
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AUD/USD Overview
Price action on AUD/USD, a daily chart of which is shown, has made a third bounce up off a key uptrend support line extending from the March lows.
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London Session Update
The FOMC statement provided the lead for early London hours, disappointment over the absence of an extension of the asset buying plan pushed down stocks and supported the USD in a reversal of the trends initiated in Asian hours..gif)
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Higher US petrol Inventories Send WTI Down
Yesterday Brent added and WTI eased after U.S. inventories showed contradictory results.
Crude stockpiles dropped by 3.8 mln.b in the week up to June 19 exceeding market forecasts of a 1 mln.b drop.
GBP Fell Against The USD And The EUR On Wednesday
The British Pound fell against the dollar and the euro on Wednesday after Bank of England Governor Mervyn King said he had serious concerns about how quickly the UK economy may recover.
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US Bond Yields Rose Following The Statement
The US Federal Reserve decided, as expected, to maintain the fed funds rate at the current target range of 0.00-0.25% and leave the size, timing and scope of its security purchase programmes unchanged.
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Asia Session Update
After a strong run overnight in NY, the Dollar lost its grip in Asia, giving back ground to all but the Yen which faced perils of its own as stocks posted a second day of gains and traders looked to get back into riskier assets..gif)
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