Friday, February 18, 2011

Forex news fundamental analysis:Japanese Yen and U.S. dollar at least a week

Yesterday, Japanese yen and U.S. dollar have added another drop in decline against its major partners, in connection with market expectations of the acceleration of retail sales in the UK and increase the confidence of the French business. In addition, the dollar has declined during the Asian session, as Asian stock markets show the advantage that led investors to buy high-risk assets.
Euro fell today against the dollar during the Asian session, trading between the maximum and minimum of 1.3624 1.3590. Couple faces support 1.3575, while the four-Momentum points to trade in the overbought area.
The pound also fell slightly against the dollar during the Asian session, trading between the maximum and minimum of 1.6179 1.6159. Couple faces resistance 1.6185, at that time as a four-day Momentum and indicate the trade in the overbought area.
The dollar fell against the yen during the Asian session, trading between the maximum and minimum of 83.39 83.23. Couple facing support 83.00, while daily Momentum gives signals to the market.

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