Ramsey
10-12-2002, Tue 11:46 AM
EUR/USD
N.Y. Close:1.0104 Yesterdays high:1.0117 low:1.0070
At close of trading ,the euro drifted up to $1.0105 little changed from the previous U.S. close and well below the two-week peaks it hit on Friday following O'Neill's ouster and grim data showing the U.S. unemployment rate revisited an eight-year high of 6.0 percent.
Resistance Levels:1.0110, 1.0130, 1.0150/60
Support Levels:1.0050, 1.0030, 0.9990
USD/JPY
N.Y. Close:123.46 Yesterdays High:123.53 Low: 122.42
The dollar moved to close 123.45 yen ,vitually unchanged on the day,after recovering from lows of 122.42 seen in Asian trading. It set nearly six-month highs around 125.70 yen last Thursday, only to give up more than 3-1/2 yen after Friday's double-dose of bad news.
Resistance Levels:123.60, 124.20, 125.10
Support Levels:122.90, 122.20, 121.80
USD/CHF
N.Y. Close:1.4575 Yesterdays high:1.4628 Low:1.4536
The swiss franc traded in narrow ranges closin unchanged on the day around 1.4575.
The eurofinished higher around 1.4727 up from 1.4705 on previous close.
Resistance Levels:1.4810/20, 1.4850/60, 1.4970/80
Support Levels: 1.4680/90, 1.4610/20
GBP/USD
N.Y. Close:1.5797 Yesterdays High:1.5801 Low:1.5755
Sterling retreated from a two-week peak against the dollar but recovered against the euro on Monday as dealers waited to see whether a new U.S. Treasury Secretary would herald a shift in foreign exchange policy.
The dollar tumbled on Friday on the back of disappointing jobs data and concern that a new Treasury helmsman could undermine America's commitment to a strong dollar, but dealers now felt the sell-off had been overdone. Sterling stood at $1.5795 at close having flirted with a two-week high of $1.5801 in Asian trade. It was a touch firmer at 63.96.
The pound showed little reaction to earlier data showing British manufacturers' raw materials costs fell at their fastest rate in nearly two years in November as the cost of crude oil plummeted. Producer input prices fell a seasonally-adjusted 3.4 percent in the month, the fastest rate of decline since December 2000 and more than twice the rate expected by markets.
Resistance Levels:1.5790/00, 1.5820/30, 1.5880/90
Support Levels:1.5680, 1.5630/40, 1.5580
N.Y. Close:1.0104 Yesterdays high:1.0117 low:1.0070
At close of trading ,the euro drifted up to $1.0105 little changed from the previous U.S. close and well below the two-week peaks it hit on Friday following O'Neill's ouster and grim data showing the U.S. unemployment rate revisited an eight-year high of 6.0 percent.
Resistance Levels:1.0110, 1.0130, 1.0150/60
Support Levels:1.0050, 1.0030, 0.9990
USD/JPY
N.Y. Close:123.46 Yesterdays High:123.53 Low: 122.42
The dollar moved to close 123.45 yen ,vitually unchanged on the day,after recovering from lows of 122.42 seen in Asian trading. It set nearly six-month highs around 125.70 yen last Thursday, only to give up more than 3-1/2 yen after Friday's double-dose of bad news.
Resistance Levels:123.60, 124.20, 125.10
Support Levels:122.90, 122.20, 121.80
USD/CHF
N.Y. Close:1.4575 Yesterdays high:1.4628 Low:1.4536
The swiss franc traded in narrow ranges closin unchanged on the day around 1.4575.
The eurofinished higher around 1.4727 up from 1.4705 on previous close.
Resistance Levels:1.4810/20, 1.4850/60, 1.4970/80
Support Levels: 1.4680/90, 1.4610/20
GBP/USD
N.Y. Close:1.5797 Yesterdays High:1.5801 Low:1.5755
Sterling retreated from a two-week peak against the dollar but recovered against the euro on Monday as dealers waited to see whether a new U.S. Treasury Secretary would herald a shift in foreign exchange policy.
The dollar tumbled on Friday on the back of disappointing jobs data and concern that a new Treasury helmsman could undermine America's commitment to a strong dollar, but dealers now felt the sell-off had been overdone. Sterling stood at $1.5795 at close having flirted with a two-week high of $1.5801 in Asian trade. It was a touch firmer at 63.96.
The pound showed little reaction to earlier data showing British manufacturers' raw materials costs fell at their fastest rate in nearly two years in November as the cost of crude oil plummeted. Producer input prices fell a seasonally-adjusted 3.4 percent in the month, the fastest rate of decline since December 2000 and more than twice the rate expected by markets.
Resistance Levels:1.5790/00, 1.5820/30, 1.5880/90
Support Levels:1.5680, 1.5630/40, 1.5580