Ramsey
19-02-2003, Wed 10:16 PM
EUR/USD
Yesterday's Close:1.0689 High:1.0757Low:1.0679
Euro/yen selling dragged the single currency lower against the dollar to $1.0688 ,leaving it 0.40 percent lower on the day.
Resistance Levels:1.0750/60, 1.0780/90, 1.0850/60
Support Levels:1.0700/10 1.0655/65 1.0580
USD/JPY
Yesterday's Close:119.06 High:120.42 Low:118.71
With the yen also supported by additional talk that Japanese investors were converting hefty U.S. Treasury coupon payments from dollars into yen, the Japanese unit traded at 118.90 yen versus the U.S. currency,its strongest in three weeks and up 1 full percent on the day. The euro fell the sharpest against the yen, tumbling 1.37 percent from its previous U.S. close to stand at 127.30 yen in late dealings and well below last week's nearly 4-year high at 130.81 yen.
Though the yen rose broadly on Tuesday, traders expected Japan to intervene if the dollar falls below 117.50 yen. Recent interventions have been handled stealthily, leaving investors on constant guard for sharp price swings.
Resistance Levels:119.50/60, 119.90/00, 120.40/50
Support Levels:118.70/80, 118.30,117.50
USD/CHF
Yesterday's Close:1.3760 High:1.1.3775 Low:1.3658
With all the focus on the yen ,the swiss france mirrored the euro in its movements closing near the days highs.
Resistance Levels:1.3780/90,1.3820/30 1.3920/30
Support Levels:1.3640/50, 1.3570/80, 1.3510/20
GBP/USD
Yesterday's Close:1.5907 High:1.6035 Low:1.5903
Sterling fell across the board on Tuesday, hitting a 3-1/2 year low versus the euro and multi-week lows on the dollar and yen, as investor worries about Britain's economic and political prospects continued to rise.
Concerns about the economic outlook have gripped the market since the Bank of England's surprise interest rate cut earlier this month, which fanned talk that the Bank itself was worried about Britain's economic health.
But in addition to the economic outlook, markets are increasingly eyeing Britains' political scene and the country's involvement in a possible U.S. war in Iraq, analysts said. Sterling lost a quarter of a percent to the euro on Tuesday, setting a low of 67.32 pence ,its lowest since mid-1999. It also hit a seven-week low on the dollar at $1.5903, before closing to $1.5920.
Traders said the steady trickle of funds out of sterling has triggered several waves of stop-loss selling, further pulling the rug from underneath the pound.
Resistance Levels:1.5950/60, 1.6000/10 1.6030/40
Support Levels:1.5890/00, 1.5850/60, 1.5810/20
Yesterday's Close:1.0689 High:1.0757Low:1.0679
Euro/yen selling dragged the single currency lower against the dollar to $1.0688 ,leaving it 0.40 percent lower on the day.
Resistance Levels:1.0750/60, 1.0780/90, 1.0850/60
Support Levels:1.0700/10 1.0655/65 1.0580
USD/JPY
Yesterday's Close:119.06 High:120.42 Low:118.71
With the yen also supported by additional talk that Japanese investors were converting hefty U.S. Treasury coupon payments from dollars into yen, the Japanese unit traded at 118.90 yen versus the U.S. currency,its strongest in three weeks and up 1 full percent on the day. The euro fell the sharpest against the yen, tumbling 1.37 percent from its previous U.S. close to stand at 127.30 yen in late dealings and well below last week's nearly 4-year high at 130.81 yen.
Though the yen rose broadly on Tuesday, traders expected Japan to intervene if the dollar falls below 117.50 yen. Recent interventions have been handled stealthily, leaving investors on constant guard for sharp price swings.
Resistance Levels:119.50/60, 119.90/00, 120.40/50
Support Levels:118.70/80, 118.30,117.50
USD/CHF
Yesterday's Close:1.3760 High:1.1.3775 Low:1.3658
With all the focus on the yen ,the swiss france mirrored the euro in its movements closing near the days highs.
Resistance Levels:1.3780/90,1.3820/30 1.3920/30
Support Levels:1.3640/50, 1.3570/80, 1.3510/20
GBP/USD
Yesterday's Close:1.5907 High:1.6035 Low:1.5903
Sterling fell across the board on Tuesday, hitting a 3-1/2 year low versus the euro and multi-week lows on the dollar and yen, as investor worries about Britain's economic and political prospects continued to rise.
Concerns about the economic outlook have gripped the market since the Bank of England's surprise interest rate cut earlier this month, which fanned talk that the Bank itself was worried about Britain's economic health.
But in addition to the economic outlook, markets are increasingly eyeing Britains' political scene and the country's involvement in a possible U.S. war in Iraq, analysts said. Sterling lost a quarter of a percent to the euro on Tuesday, setting a low of 67.32 pence ,its lowest since mid-1999. It also hit a seven-week low on the dollar at $1.5903, before closing to $1.5920.
Traders said the steady trickle of funds out of sterling has triggered several waves of stop-loss selling, further pulling the rug from underneath the pound.
Resistance Levels:1.5950/60, 1.6000/10 1.6030/40
Support Levels:1.5890/00, 1.5850/60, 1.5810/20