Ramsey
04-04-2003, Fri 11:05 AM
EUR/USD
http://www.fxonline.sk/grafy/maly/1.png
Yesterday's Close:1.0759 High:1.0791 Low:1.0687
By late afternoon in New York, the euro was trading at $1.0760,down about a tenth of a percent on the day but well off its lows of $1.0687 touched in overnight trade.
Resistance Levels:1.0780/90, 1.0810/20, 1.0840/50
Support Levels:1.0680/90, 1.0620/30, 1.0580
USD/JPY
http://www.fxonline.sk/grafy/maly/2.png
Yesterday's Close:119.37 High:119.69 Low:118.53
Against the yen, the dollar rallied 0.34 percent to 119.37 yen.
Resistance Levels:119.70/80, 120.20/30, 121.10/20
Support Levels:118.40/50, 117.50/60,116.80/90
USD/CHF
http://www.fxonline.sk/grafy/maly/5.png
Yesterday's Close:1.3782 High:1.3900 Low:1.3755
The dollar was modestly weaker against the Swiss franc, having given up early gains in the afternoon. It was trading at 1.3780 francs ,down from its peaks of 1.3900 francs.
Resistance Levels:1.3900/10 ,1.3980/90, 1.4040/50
Support Levels:1.3750/60 1.3680/90 , 1.3550
GBP/USD
http://www.fxonline.sk/grafy/maly/4.png
Yesterday's Close:1.5727 High:1.5737 Low:1.5595
The pound recovered from sharp losses to outpace the dollar on Thursday as the dollar scaled back early gains on U.S.-led forces' advance towards the Iraqi capital Baghdad.
Sterling also matched the dollars gains on the euro, climbing half a percent to 68.34 pence per euro London close, hauling itself further off a four-year low beyond 69 pence set earlier in the week.
Analysts said however the pound has been failing to capitalise as much as the dollar from war news, noting underlying market concerns about the strength of the British economy were being fuelled by a gloomy run of data. The pound recovered from a half percent fall earlier in the day to stand slightly firmer at $1.5720,having dipped below $1.5600 earlier.
The Chartered Institute of Purchasing and Supply/Reuters services survey showed business activity in the sector shrank for the first time since December 2001 last month, raising speculation the Bank of England could cut interest rates soon.
The Bank's Monetary Policy Committee meets next week and a Reuters survey showed most of the 30 economists polled expected no cut next week but a 25 basis point easing in May.
British rates are currently 3.75 percent after the Bank cut unexpectedly in February but evidence of a sharp fall in retail sales in March and data this week showing an accelerated contraction in the manufacturing sector have fuelled speculation of a cut.
Data from mortgage-lender the Nationwide Building Society showed house prices rose 1.9 percent in March, putting prices 26.2 percent higher than a year earlier.
The data was unexpectedly strong and contrasted with figures from the country's biggest mortgage-lender the Halifax earlier this week which showed prices rising at 1.1 percent, the slowest increase this year.
Analysts said the housing market figures argued against a rate cut next week, when Chancellor of the Exchequer Gordon Brown also presents his budget, but they noted other data was souring sterling sentiment.
Resistance Levels:1.5750/60, 1.5790/00, 1.5850/60
Support Levels:1.5660/70, 1.5580/90, 1.5510/20
http://www.fxonline.sk/grafy/maly/1.png
Yesterday's Close:1.0759 High:1.0791 Low:1.0687
By late afternoon in New York, the euro was trading at $1.0760,down about a tenth of a percent on the day but well off its lows of $1.0687 touched in overnight trade.
Resistance Levels:1.0780/90, 1.0810/20, 1.0840/50
Support Levels:1.0680/90, 1.0620/30, 1.0580
USD/JPY
http://www.fxonline.sk/grafy/maly/2.png
Yesterday's Close:119.37 High:119.69 Low:118.53
Against the yen, the dollar rallied 0.34 percent to 119.37 yen.
Resistance Levels:119.70/80, 120.20/30, 121.10/20
Support Levels:118.40/50, 117.50/60,116.80/90
USD/CHF
http://www.fxonline.sk/grafy/maly/5.png
Yesterday's Close:1.3782 High:1.3900 Low:1.3755
The dollar was modestly weaker against the Swiss franc, having given up early gains in the afternoon. It was trading at 1.3780 francs ,down from its peaks of 1.3900 francs.
Resistance Levels:1.3900/10 ,1.3980/90, 1.4040/50
Support Levels:1.3750/60 1.3680/90 , 1.3550
GBP/USD
http://www.fxonline.sk/grafy/maly/4.png
Yesterday's Close:1.5727 High:1.5737 Low:1.5595
The pound recovered from sharp losses to outpace the dollar on Thursday as the dollar scaled back early gains on U.S.-led forces' advance towards the Iraqi capital Baghdad.
Sterling also matched the dollars gains on the euro, climbing half a percent to 68.34 pence per euro London close, hauling itself further off a four-year low beyond 69 pence set earlier in the week.
Analysts said however the pound has been failing to capitalise as much as the dollar from war news, noting underlying market concerns about the strength of the British economy were being fuelled by a gloomy run of data. The pound recovered from a half percent fall earlier in the day to stand slightly firmer at $1.5720,having dipped below $1.5600 earlier.
The Chartered Institute of Purchasing and Supply/Reuters services survey showed business activity in the sector shrank for the first time since December 2001 last month, raising speculation the Bank of England could cut interest rates soon.
The Bank's Monetary Policy Committee meets next week and a Reuters survey showed most of the 30 economists polled expected no cut next week but a 25 basis point easing in May.
British rates are currently 3.75 percent after the Bank cut unexpectedly in February but evidence of a sharp fall in retail sales in March and data this week showing an accelerated contraction in the manufacturing sector have fuelled speculation of a cut.
Data from mortgage-lender the Nationwide Building Society showed house prices rose 1.9 percent in March, putting prices 26.2 percent higher than a year earlier.
The data was unexpectedly strong and contrasted with figures from the country's biggest mortgage-lender the Halifax earlier this week which showed prices rising at 1.1 percent, the slowest increase this year.
Analysts said the housing market figures argued against a rate cut next week, when Chancellor of the Exchequer Gordon Brown also presents his budget, but they noted other data was souring sterling sentiment.
Resistance Levels:1.5750/60, 1.5790/00, 1.5850/60
Support Levels:1.5660/70, 1.5580/90, 1.5510/20