Ramsey
30-10-2002, Wed 10:34 AM
EUR/USD
N.Y. Close 0.9832 Yesterdays High 0.9893 Low 0.9809
Versus the euro, the U.S. currency also hit a three-week low, but recovered in late trading as major U.S. stock indexes recovered from a sharp sell-off. The single currency traded around 98.30 cents ,down 0.15 percent from its prior U.S. close.
Resistance Levels: 0.9910, 0.9930/40
Support Levels:0.9720/30, 0.9670/80
USD/JPY
N.Y. Close 123.18 Yesterdays High 123.75 Low 122.35
The dollar fell as far as 122.35 yen, its weakest level since early October, before recovering to stand near 123.20 yen ,down 0.50 percent from its prior U.S. close.
Yen options dealers reported the dollar tumbled through several barriers at 123 and 122.50. Barrier options give the holder a right to trade an amount of currency at a set price for a specified time, but they become worthless if the market hits an agreed-upon price. Implied volatility, a measure of how far the market expects the price of the underlying currency to move during the life of the option, was quoted at 9.85 percent for yen options that expire in one month.
Resistance Levels:124.30, 125.00, 125.50
Support Levels:123.60, 122.80, 122.00
USD/CHF
N.Y. Close 1.4904 yesterdays high 1.4941 Low 1.4844
The Swiss franc trsded in narrow ranges mirroring the Euro,closing vitually unchanged on the day.The euro closed around 1.4650 again unchanged on the day.
Resistance Levels:1.5140/50,1.5210/20
Support Levels:1.4710, 1.4650, 1.4580
GBP/USD
N.Y. Close 1.5578 Yesterdays High 1.5608 Low 1.5549
The British pound held close to the previous session's two-week high against the dollar on Tuesday after data showed U.S. consumer confidence at its lowest in nine years.
The U.S. Consumer Confidence Index fell for a fifth straight month in October to 79.4, its lowest level since November 1993. The weaker than expected reading weighed on U.S. stocks and knocked the dollar to multi-week lows against the euro and the yen. Sterling was trading at $1.5600 in late European trade, just short of two-week highs scaled on Monday. Against the euro, the British currency dipped to the lower end of its recent trading range at 63.16 pence.
Data earlier in the day showed Britons piled on debt at a record pace in September as they continued to take advantage of the lowest borrowing costs in decades. Bank of England figures showed total lending to consumers rose by 8.9 billion pounds last month, the highest monthly rise since the series began in 1993.
Resistance Levels:1.5560, 1.5620, 1.5680
Support Levels:1.5420, 1.5385, 1.5350
N.Y. Close 0.9832 Yesterdays High 0.9893 Low 0.9809
Versus the euro, the U.S. currency also hit a three-week low, but recovered in late trading as major U.S. stock indexes recovered from a sharp sell-off. The single currency traded around 98.30 cents ,down 0.15 percent from its prior U.S. close.
Resistance Levels: 0.9910, 0.9930/40
Support Levels:0.9720/30, 0.9670/80
USD/JPY
N.Y. Close 123.18 Yesterdays High 123.75 Low 122.35
The dollar fell as far as 122.35 yen, its weakest level since early October, before recovering to stand near 123.20 yen ,down 0.50 percent from its prior U.S. close.
Yen options dealers reported the dollar tumbled through several barriers at 123 and 122.50. Barrier options give the holder a right to trade an amount of currency at a set price for a specified time, but they become worthless if the market hits an agreed-upon price. Implied volatility, a measure of how far the market expects the price of the underlying currency to move during the life of the option, was quoted at 9.85 percent for yen options that expire in one month.
Resistance Levels:124.30, 125.00, 125.50
Support Levels:123.60, 122.80, 122.00
USD/CHF
N.Y. Close 1.4904 yesterdays high 1.4941 Low 1.4844
The Swiss franc trsded in narrow ranges mirroring the Euro,closing vitually unchanged on the day.The euro closed around 1.4650 again unchanged on the day.
Resistance Levels:1.5140/50,1.5210/20
Support Levels:1.4710, 1.4650, 1.4580
GBP/USD
N.Y. Close 1.5578 Yesterdays High 1.5608 Low 1.5549
The British pound held close to the previous session's two-week high against the dollar on Tuesday after data showed U.S. consumer confidence at its lowest in nine years.
The U.S. Consumer Confidence Index fell for a fifth straight month in October to 79.4, its lowest level since November 1993. The weaker than expected reading weighed on U.S. stocks and knocked the dollar to multi-week lows against the euro and the yen. Sterling was trading at $1.5600 in late European trade, just short of two-week highs scaled on Monday. Against the euro, the British currency dipped to the lower end of its recent trading range at 63.16 pence.
Data earlier in the day showed Britons piled on debt at a record pace in September as they continued to take advantage of the lowest borrowing costs in decades. Bank of England figures showed total lending to consumers rose by 8.9 billion pounds last month, the highest monthly rise since the series began in 1993.
Resistance Levels:1.5560, 1.5620, 1.5680
Support Levels:1.5420, 1.5385, 1.5350