Ramsey
29-10-2002, Tue 10:55 AM
EUR/USD
N.Y. Close 0.9846 Yesterdays High 0.9856 Low 0.9729
In late U.S. trading, Europe's single currency traded around 98.45 cents against the dollar ,up nearly 1 percent from its prior U.S. close and its strongest since mid-October.
Resistance Levels: 0.9910, 0.9930/40
Support Levels:0.9720/30, 0.9670/80
USD/JPY
N.Y. Close 123.57 Yesterdays High 124.99 Low 123.54
Versus the Japanese yen, the dollar bought 123.60 yen ,nearly 1-1/2 units below its offshore trading high and down 0.60 percent from its prior U.S. close. The currency pair was also at its lowest since mid-October.
Resistance Levels:124.30, 125.00, 125.50
Support Levels:123.60, 122.80, 122.00
USD/CHF
N.Y. Close 1.4881 yesterdays high 1.5086 Low 1.4876
The dollar fell to two-week lows against the Swiss franc at 1.4880 francs.
Resistance Levels:1.5140/50,1.5210/20
Support Levels:1.4710, 1.4650, 1.4580
GBP/USD
N.Y. Close 1.5597 Yesterdays High 1.5620 Low 1.5452
Sterling shuttled in familiar ranges on Monday, taking its cues from swings in the euro/dollar rate as traders positioned for key U.S. economic data later in the week. News that europhile Denis MacShane had been appointed as Britain's new Minister for Europe had little impact on the pound as currency traders continued to focus on broader market developments. McShane, formerly Foreign Office minister focusing on Latin America, has been a vocal supporter of closer British ties with Europe and will be a frontman in the debate over whether Britain should adopt Europe's single currency.
The pound was a touch firmer at $1.5600 in late European trade, but down slightly from Friday's one-week peaks. It was slightly weaker against the euro at 63.10 pence as the single currency recovered from early weakness to push to a two-week high against the dollar
U.S. consumer confidence, gross domestic product and jobs data later in the week are expected to be closely watched for clues on whether the Federal Reserve will cut interest rates at its next policy meeting on November 6. British economic releases this week include consumer credit growth on Tuesday, consumer confidence and a house price survey on Thursday and a manufacturing survey on Friday.
Resistance Levels:1.5560, 1.5620, 1.5680
Support Levels:1.5420, 1.5385, 1.5350EUR/USD
N.Y. Close 0.9846 Yesterdays High 0.9856 Low 0.9729
In late U.S. trading, Europe's single currency traded around 98.45 cents against the dollar ,up nearly 1 percent from its prior U.S. close and its strongest since mid-October.
Resistance Levels: 0.9910, 0.9930/40
Support Levels:0.9720/30, 0.9670/80
USD/JPY
N.Y. Close 123.57 Yesterdays High 124.99 Low 123.54
Versus the Japanese yen, the dollar bought 123.60 yen ,nearly 1-1/2 units below its offshore trading high and down 0.60 percent from its prior U.S. close. The currency pair was also at its lowest since mid-October.
Resistance Levels:124.30, 125.00, 125.50
Support Levels:123.60, 122.80, 122.00
USD/CHF
N.Y. Close 1.4881 yesterdays high 1.5086 Low 1.4876
The dollar fell to two-week lows against the Swiss franc at 1.4880 francs.
Resistance Levels:1.5140/50,1.5210/20
Support Levels:1.4710, 1.4650, 1.4580
GBP/USD
N.Y. Close 1.5597 Yesterdays High 1.5620 Low 1.5452
Sterling shuttled in familiar ranges on Monday, taking its cues from swings in the euro/dollar rate as traders positioned for key U.S. economic data later in the week. News that europhile Denis MacShane had been appointed as Britain's new Minister for Europe had little impact on the pound as currency traders continued to focus on broader market developments. McShane, formerly Foreign Office minister focusing on Latin America, has been a vocal supporter of closer British ties with Europe and will be a frontman in the debate over whether Britain should adopt Europe's single currency.
The pound was a touch firmer at $1.5600 in late European trade, but down slightly from Friday's one-week peaks. It was slightly weaker against the euro at 63.10 pence as the single currency recovered from early weakness to push to a two-week high against the dollar
U.S. consumer confidence, gross domestic product and jobs data later in the week are expected to be closely watched for clues on whether the Federal Reserve will cut interest rates at its next policy meeting on November 6. British economic releases this week include consumer credit growth on Tuesday, consumer confidence and a house price survey on Thursday and a manufacturing survey on Friday.
Resistance Levels:1.5560, 1.5620, 1.5680
Support Levels:1.5420, 1.5385, 1.5350EUR/USD