Overall, the dollar seems to have gained some ground in the U.S. and in the Asian sessions. The currency market bought its safety again, while it shed everything else determined as risky. The declines were led by the yen in the Asian session, which has already fallen 90 pips, and might have been affected by a number of bad reports.
The Euro (Eur/Usd) formed a doji-star yesterday, as it traded between two important swing points. On the upside, the 20-day moving average acted as a resistance, while on the downside, the euro bounced off the from the 1.27 area once more. In tonight's Asian session, the euro re-tested the same support area, but could not move anywhere lower.
The Pound (Gbp/Usd) gained 100 pips yesterday, helped by the gains seen in the European session. During the early trading session of the last day of trading, the pair tested the 1.4150 area, which seems to hold the pound for some time now.
The GfK Consumer Confidence for the month of February fell to -35 from a -37 reading, in January. Confidence in the U.K. that this current economic situation will be over in the next 12 months has risen 8 points, while confidence in the personal household finances has increased by 6 points.
The Aussie (Aud/Usd) advanced 70 pips during the overnight session, but again retraced everything back during the U.S. session, when the market entered in a risk-aversion mode. The aussie finished the trading day virtually flat, having no gains or no declines. In the Asian session, the aussie fell some 40 pips, down to TheLFB S1 (0.6440).
The Cad (Usd/Cad) fell at one point 160 pips during the last day of trading, but the pair could not hold this value and retraced most of the move during the U.S. session. At the end of the day, the cad declined only 25 pips, which was easily pared in the Asian session, when the pair gained 30 pips.
The Swissy (Usd/Chf) fell 60 pips, and closed above the 20-day moving average, even thought it managed to break under it during the intra-day session. Throughout the Asian trading hours, the swissy tried to break above the high reached in the U.S. session, but failed too.
The Yen (Usd/Yen) slid 90 pips tonight, in the Asian session, down to TheLFB S1 (97.65). This is the first time in the last five trading days that the yen retraced some of its recent gains. Yesterday, the pair gained 100 pips, even though the S&P finished the day lower.
Japan's consumer prices have fallen to a flat 0.0 percent reading in January for the first time in over a year as a deepening recession has forced many households to curb spending. Record declines seen in the export market have prompted companies to lay off workers and cut wages, while slowing spending.
Industrial production for January plummeted to a new low for a third consecutive month. The report indicates that production has fallen by 10.0 percent from one month earlier. This indicates that more layoffs are on the way as companies struggle to decrease costs.
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The Euro (Eur/Usd) formed a doji-star yesterday, as it traded between two important swing points. On the upside, the 20-day moving average acted as a resistance, while on the downside, the euro bounced off the from the 1.27 area once more. In tonight's Asian session, the euro re-tested the same support area, but could not move anywhere lower.
The Pound (Gbp/Usd) gained 100 pips yesterday, helped by the gains seen in the European session. During the early trading session of the last day of trading, the pair tested the 1.4150 area, which seems to hold the pound for some time now.
The GfK Consumer Confidence for the month of February fell to -35 from a -37 reading, in January. Confidence in the U.K. that this current economic situation will be over in the next 12 months has risen 8 points, while confidence in the personal household finances has increased by 6 points.
The Aussie (Aud/Usd) advanced 70 pips during the overnight session, but again retraced everything back during the U.S. session, when the market entered in a risk-aversion mode. The aussie finished the trading day virtually flat, having no gains or no declines. In the Asian session, the aussie fell some 40 pips, down to TheLFB S1 (0.6440).
The Cad (Usd/Cad) fell at one point 160 pips during the last day of trading, but the pair could not hold this value and retraced most of the move during the U.S. session. At the end of the day, the cad declined only 25 pips, which was easily pared in the Asian session, when the pair gained 30 pips.
The Swissy (Usd/Chf) fell 60 pips, and closed above the 20-day moving average, even thought it managed to break under it during the intra-day session. Throughout the Asian trading hours, the swissy tried to break above the high reached in the U.S. session, but failed too.
The Yen (Usd/Yen) slid 90 pips tonight, in the Asian session, down to TheLFB S1 (97.65). This is the first time in the last five trading days that the yen retraced some of its recent gains. Yesterday, the pair gained 100 pips, even though the S&P finished the day lower.
Japan's consumer prices have fallen to a flat 0.0 percent reading in January for the first time in over a year as a deepening recession has forced many households to curb spending. Record declines seen in the export market have prompted companies to lay off workers and cut wages, while slowing spending.
Industrial production for January plummeted to a new low for a third consecutive month. The report indicates that production has fallen by 10.0 percent from one month earlier. This indicates that more layoffs are on the way as companies struggle to decrease costs.
[SigmaForex Bonus Revolution]
Have you ever imagined that even the hardest times can lay your interest?
You may now wonder and asking yourself how it can be done while we live the toughest time in our economic world. All imagine that we have reached the top of the crisis and will remain there for a cloudy time, which has been specified predictably by the economic experts.
But what if you have the key for passing by all that?
Actually the key solution is within your hands! But what happened is that you have got blinded with the shock of unexpected financial crisis that extends its arms to hold the entire economic world for a not specified time. All what you need is some confidence and a helping hand guiding you to a real bright path.
Almost all successful people have learned how to make their own interest even from their own loss! Just some confidence and resistance, and above all the choice of the right hit at the right time. It is a common goal for money makers to have a continuous ability of preserving their financial status. So, stop thinking of the goal only and start thinking of the way you are going to do it, and ask yourself how can I still make the amount of money I was doing before even in the worst time in economic history?
One of the most necessary steps in your thinking and performance is not to take a long time in thinking and planning to be able to catch the chances available in the market, especially at this time. This doesn't mean to be rash, but to be selective and have the deepest insight.
In reversing the situation for the sake of your own interest, SigmaForex has strived to think and produce the best solution for money makers in FOREX through it's three types of accounts.
The motto of SigmaForex is "Not only physical power that can make you win, it is the power of mind that helps you the most to make the best living in all its sides".
The second step you need to go through after thinking is to apply the principle of "use the useless for your usefulness", by catching the best chances available. And here in speaking about the chances, Sigma Forex offers three unique business accounts with three bonus budgets existed nowhere else and we called it"The Bonus Revolution"
Enter Now The Bonus Revolution
