News from across the continent
28/11/2012 05:17:29 PM
28/11/2012 02:32:17 PM
28/11/2012 06:10:21 AM
27/11/2012 07:22:58 PM
27/11/2012 02:47:45 PM
27/11/2012 10:29:34 AM
27/11/2012 05:39:07 AM
26/11/2012 08:19:38 PM
Publish Date28/11/2012 05:17:29 PM
Today worries and uncertainties are spread on the U.S soil ahead of tomorrow`s GDP report to accordingly corrode so far the dollar`s appeal since only fears are persisting over the near future regarding the fiscal cliff that can easily push back the country in a worse recession which entails automatic tax hikes and spending cuts totaling around $600 billion.
Plus a report by the U.S Census Bureau showed that the U.S new home sales recorded a drop of 0.3% in October to 368 thousand compared to September reading of 369 thousand homes, revised from 389 thousand or 5.7%.
As a result the euro is rising to the upside on the four hour chart sending in fact the EUR/USD pair to trade up around $1.2921 while recording the highest level of $1.2944 and lowest level of $1.2879, yet the pair may start to decline slightly according to the four-hour momentum indicators. The trading range for today is among key support at 1.2760 and key resistance at 1.3070.
As for the British Pound, it is climbing up to the upside strongly leading the GBP/USD pair to trade around $1.5997 while recording the highest level of $1.6023 and lowest of $1.5961 and is most probably going to start to fall as witnessed at several time scale within the stochastic oscialltor. The trading range for today is among key support at 1.5820 and key resistance at 1.6180.
Finally, the USD/JPY pair is actually consolidating at different time charts to trade around ¥78.83 while recording the highest level of ¥79.27 and lowest levels of ¥78.66. The trading range for today is among key support at 80.75 and key resistance now at 82.80.
Opinions expressed at ICN.com are those of the individual authors and do not necessarily represent the opinion of ICN.com or its management, shareholders, affiliates and subsidiaries. ICN.com has not verified the accuracy of any claim or statement made by any independent writer and is reserved as their own and ICN.com is not accountable for their input. Any opinions, news, research, analysis, prices or other information contained on this website, by ICN.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. ICN.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The data contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market prices, meaning prices are indicative and not appropriate for trading purposes. ICN.com does not bear any responsibility for any trading losses you might incur as a result of using this data.
©2012 ICN.COM. ALL RIGHTS RESERVED