Ramsey
10-04-2003, Thu 10:59 AM
EUR/USD
http://www.fxonline.sk/grafy/maly/1.png
Yesterday's Close:1.0773 High:1.0782 Low:1.0676
The euro bounced from a session low $1.0676 to a session high of $1.0782. The euro closed around $1.0770,up 0.54 percent from Tuesday's New York close
Resistance Levels:1.0780/90, 1.0810/20, 1.0840/50
Support Levels:1.0740/50, 1.0670/80,1.0620/30
USD/JPY
http://www.fxonline.sk/grafy/maly/2.png
Yesterday's Close:120.05 High:120.67 Low:119.67
The dollar however, held gains against the yen, trading up to 120.10 yen ,up 0.29 percent on the day, but below the high of 120.67 yen.
The euro gained 0.72 percent versus the yen, trading at 129.35 ,supported by Japanese players building up fresh investments abroad. Dealers said the dollar was supported indirectly by broad yen selling against European currencies and the Australian and Canadian dollars. But some also mentioned seeing sizable dollar sales by Japanese exporters and foreign accounts above 120 yen.
Resistance Levels:120.80/90, ,121.30/40, 122.10/20
Support Levels:119.50/60, 119.30, 118.80/90
USD/CHF
http://www.fxonline.sk/grafy/maly/5.png
Yesterday's Close:1.3798 High:1.3929 Low:1.3785
The dollar fell to 1.3800 Swiss francs ,a loss of 0.34 percent on the day.
Resistance Levels:1.3950/60, 1.4050/60, 1.4150
Support Levels:1.3770/80 1.3720/30, 1.3650/60
GBP/USD
http://www.fxonline.sk/grafy/maly/4.png
Yesterday's Close:1.5632 High:1.5642 Low:1.5504
Sterling fought back from a four-year low against the euro and held firm against the dollar on Wednesday as a budget speech by Britain's finance minister was less pessimistic on the economy than some had feared.
Television pictures of jubilant crowds greeting U.S. troops in Baghdad also lifted the pound against Europe's single currency, raising expectations that U.S. and British military action in Iraq may be nearing a close.
Investors pummelled the pound to 69.39 pence per euro in early European trade -- its lowest since February 1999 -- on concern that growth and tax revenue downgrades in the budget would highlight the fragility of the British economy. But the pound recovered its poise after British Chancellor of the Exchequer Gordon Brown cut growth forecasts and raised borrowing targets, but less aggressively than some had expected. This pushed the the pound into positive territory at 68.85 pence per euro in late N.Y. trade.
The pound was higher at $1.5635 nearly s full cents above Monday's four-month low.
In response to recent data showing a weakening in the British economy, Brown cut this year's growth forecast to 2.0 to 2.5 percent from 2.5 to 3.0 percent previously. He also raised his forecasts for public borrowing but by much less than expected. Nevertheless, many dealers were nervous of holding long positions in the British currency ahead of the Bank of England's interest rate policy announcement on Thursday. Most economist predict the UK central bank will leave interest rates unchanged at 3.75 percent but say the risk of a cut has risen after recent surveys painted a picture of gloom on Britain's high streets and factory floors.
Resistance Levels:1.5640/50, 1.5710/20, 1.5780/90
Support Levels:1.5600/10, 1.5580/90, 1.5510/20
http://www.fxonline.sk/grafy/maly/1.png
Yesterday's Close:1.0773 High:1.0782 Low:1.0676
The euro bounced from a session low $1.0676 to a session high of $1.0782. The euro closed around $1.0770,up 0.54 percent from Tuesday's New York close
Resistance Levels:1.0780/90, 1.0810/20, 1.0840/50
Support Levels:1.0740/50, 1.0670/80,1.0620/30
USD/JPY
http://www.fxonline.sk/grafy/maly/2.png
Yesterday's Close:120.05 High:120.67 Low:119.67
The dollar however, held gains against the yen, trading up to 120.10 yen ,up 0.29 percent on the day, but below the high of 120.67 yen.
The euro gained 0.72 percent versus the yen, trading at 129.35 ,supported by Japanese players building up fresh investments abroad. Dealers said the dollar was supported indirectly by broad yen selling against European currencies and the Australian and Canadian dollars. But some also mentioned seeing sizable dollar sales by Japanese exporters and foreign accounts above 120 yen.
Resistance Levels:120.80/90, ,121.30/40, 122.10/20
Support Levels:119.50/60, 119.30, 118.80/90
USD/CHF
http://www.fxonline.sk/grafy/maly/5.png
Yesterday's Close:1.3798 High:1.3929 Low:1.3785
The dollar fell to 1.3800 Swiss francs ,a loss of 0.34 percent on the day.
Resistance Levels:1.3950/60, 1.4050/60, 1.4150
Support Levels:1.3770/80 1.3720/30, 1.3650/60
GBP/USD
http://www.fxonline.sk/grafy/maly/4.png
Yesterday's Close:1.5632 High:1.5642 Low:1.5504
Sterling fought back from a four-year low against the euro and held firm against the dollar on Wednesday as a budget speech by Britain's finance minister was less pessimistic on the economy than some had feared.
Television pictures of jubilant crowds greeting U.S. troops in Baghdad also lifted the pound against Europe's single currency, raising expectations that U.S. and British military action in Iraq may be nearing a close.
Investors pummelled the pound to 69.39 pence per euro in early European trade -- its lowest since February 1999 -- on concern that growth and tax revenue downgrades in the budget would highlight the fragility of the British economy. But the pound recovered its poise after British Chancellor of the Exchequer Gordon Brown cut growth forecasts and raised borrowing targets, but less aggressively than some had expected. This pushed the the pound into positive territory at 68.85 pence per euro in late N.Y. trade.
The pound was higher at $1.5635 nearly s full cents above Monday's four-month low.
In response to recent data showing a weakening in the British economy, Brown cut this year's growth forecast to 2.0 to 2.5 percent from 2.5 to 3.0 percent previously. He also raised his forecasts for public borrowing but by much less than expected. Nevertheless, many dealers were nervous of holding long positions in the British currency ahead of the Bank of England's interest rate policy announcement on Thursday. Most economist predict the UK central bank will leave interest rates unchanged at 3.75 percent but say the risk of a cut has risen after recent surveys painted a picture of gloom on Britain's high streets and factory floors.
Resistance Levels:1.5640/50, 1.5710/20, 1.5780/90
Support Levels:1.5600/10, 1.5580/90, 1.5510/20