Ramsey
31-01-2003, Fri 11:28 PM
EUR/USD
Yesterday's Close:1.0817 High:1.0847 Low:1.0733
In the European session, the U.S. currency reclaimed more than a cent against Europe's common currency. But those gains eroded in late trading, along with Wall Street, leaving the euro trading near $1.0815 versus the dollar, down about 0.20 percent from its prior U.S. close and within a cent of this week's 3-year high above $1.09.
Resistance Levels:1.0850/60, 1.0900/10, 1.0950
Support Levels:1.0770/80, 1.0730/40, 1.0650/60
USD/JPY
Yesterday's Close:119.03 High:119.48 Low:118.20
The dollar bought 119 yen,above its offshore trading low and up 0.50 percent on the day. The U.S. currency has derived modest support from fears that Japan could sell yen in order prevent the currency, which has risen sharply as investors sold the dollar, from hurting the economy.
Resistance Levels:119.50/60, , 119.90/00, 120.40/50
Support Levels:11870/80, 118.20/30 , 117.80
USD/CHF
Yesterday's Close:1.3568 High: 1.3698 Low:1.3531
The dollar pared gains against the Swiss franc, trading around 1.3565 francs ,up only 0.10 percent on the day after having notched gains of nearly 1 percent early in the session.
Resistance Levels:1.390/00 ,1.3620/30 1.3690/00
Support Levels:1.3520/30 ,1.3470/80 , 1.3400/10
GBP/USD
Yesterday's Close:1.6552 High:1.6552 Low:1.6401
Sterling bounced to its highest level in almost three weeks versus the euro on Thursday as rises in British consumer confidence and in house prices soothed fears the economy was deteriorating faster than those in Europe.
Martin Hamblin GfK's consumer confidence barometer rose by one point to -3 in January after a 6-point drop in December. The Nationwide Building Society said British house prices rose another 1.7 percent this month, taking the annual rate of increase to its highest since 1989.
Data from the Bank of England (BoE) showed Britons' appetite for debt showed no signs of diminishing last month with net consumer credit rising by a higher than expected 1.917 billion pounds.
Sterling had gained half a percent to 65.26 pence , before closing around 65.40, still keeping a safe distance from its 3-1/2 year low set last week.
On a trade-weighted basis it bounced more than one percent from last week's seven-month trough and was on track for the biggest one-day gain in percentage terms since late July. But the pound edged further up from this week's three-year high versus the dollar as the greenback staged a broad-based recovery on a It hit to $1.6552 having previously set a three-year high near $1.65 in the previous session.
Resistance Levels:1.6580/90, 1.6610/20, 1.6650
Support Levels:1.6520/30 , 1.6450/60, 1.6410/20
Yesterday's Close:1.0817 High:1.0847 Low:1.0733
In the European session, the U.S. currency reclaimed more than a cent against Europe's common currency. But those gains eroded in late trading, along with Wall Street, leaving the euro trading near $1.0815 versus the dollar, down about 0.20 percent from its prior U.S. close and within a cent of this week's 3-year high above $1.09.
Resistance Levels:1.0850/60, 1.0900/10, 1.0950
Support Levels:1.0770/80, 1.0730/40, 1.0650/60
USD/JPY
Yesterday's Close:119.03 High:119.48 Low:118.20
The dollar bought 119 yen,above its offshore trading low and up 0.50 percent on the day. The U.S. currency has derived modest support from fears that Japan could sell yen in order prevent the currency, which has risen sharply as investors sold the dollar, from hurting the economy.
Resistance Levels:119.50/60, , 119.90/00, 120.40/50
Support Levels:11870/80, 118.20/30 , 117.80
USD/CHF
Yesterday's Close:1.3568 High: 1.3698 Low:1.3531
The dollar pared gains against the Swiss franc, trading around 1.3565 francs ,up only 0.10 percent on the day after having notched gains of nearly 1 percent early in the session.
Resistance Levels:1.390/00 ,1.3620/30 1.3690/00
Support Levels:1.3520/30 ,1.3470/80 , 1.3400/10
GBP/USD
Yesterday's Close:1.6552 High:1.6552 Low:1.6401
Sterling bounced to its highest level in almost three weeks versus the euro on Thursday as rises in British consumer confidence and in house prices soothed fears the economy was deteriorating faster than those in Europe.
Martin Hamblin GfK's consumer confidence barometer rose by one point to -3 in January after a 6-point drop in December. The Nationwide Building Society said British house prices rose another 1.7 percent this month, taking the annual rate of increase to its highest since 1989.
Data from the Bank of England (BoE) showed Britons' appetite for debt showed no signs of diminishing last month with net consumer credit rising by a higher than expected 1.917 billion pounds.
Sterling had gained half a percent to 65.26 pence , before closing around 65.40, still keeping a safe distance from its 3-1/2 year low set last week.
On a trade-weighted basis it bounced more than one percent from last week's seven-month trough and was on track for the biggest one-day gain in percentage terms since late July. But the pound edged further up from this week's three-year high versus the dollar as the greenback staged a broad-based recovery on a It hit to $1.6552 having previously set a three-year high near $1.65 in the previous session.
Resistance Levels:1.6580/90, 1.6610/20, 1.6650
Support Levels:1.6520/30 , 1.6450/60, 1.6410/20