Democratic Underground - Forex: Dollar likely to extend fall

Reply #45: Forex: Dollar likely to extend fall [View All]

Ghost Dog

(1000+ posts) Send PM | Profile | Ignore

Mon Sep-07-09 11:19 AM
Response to Reply #44

45. Forex: Dollar likely to extend fall

Edited on Mon Sep-07-09 11:27 AM by Ghost Dog

Mon, Sep 7 2009, 15:00 GMT
http://www.fxstreet.com

FXstreet.com (Buenos Aires) – Dollar remains under pressure as Wall Street futures remain strongly up despite U.S. holidays. S&P reached 1022.15, while DJIA futures reached 9484, both approaching to the year high. Majors remain trading in a tight range, as volume remains extremely low, and likely to extend until next Asian session opening.

EUR/USD quotes around 1.4335, trapped between 1.4320/1.4360 range; GBP/USD failed to regain the upside and turned slightly bearish after breaking under 1.6400; Swiss Franc continues hovering around 1.0600 area, and despite the bearish tone, more falls seem still limited in the pair. USD/JPY consolidates at 93.00 after breaking a daily descendant channel, yet needs to move above the 93.40 area, to extend the rally and gain some upside strength.

/.. http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=7fe205a4-f5c3-4c64-8e6c-dd3398d0011d

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Reply #45: Forex: Dollar likely to extend fall [View All]