Forex News Blog
Back to The Headlines
Friday December 5, 2008 - 12:04:31 GMT
Share This Story
FX Thoughts for the Day - www.fxthoughts.com
FX Thoughts for the day - Evening - 05-Dec-2008 - 1200 GMTEURO, JAP YEN and EURO-YEN
Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at
Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below
USD-CHF @ 1.2117/21...13-day MA broken once again
R: 1.2141 / 1.2181 / 1.2226
S: 1.1993 / 1.1935 / 1.1890
Swiss has now retraced most of the dips it made during the US session yesterday after having recorded a low at 1.1964. It seems to be moving in a channel bound by 1.1650 at the bottom and 1.2450 at the top. Having risen in the last couple of hours and having broken the 13-day MA once again, there are good prospects for the pair to rise towards 1.23 after breaking a Resistance at 1.2250, till it manages to stay above this line. A dip could be restricted to 1.1850 where 8-week MA Support exists for the pair.
Overall, the pair could be seen to be consolidating in a broad range of 1.18-1.26 in the long term. Looks like the Support available in the 1.18 region could hold in the longer term.
GBP-USD @ 1.4662/66...Resistance at 1.4752
R: 1.4772 / 1.5004-22 / 1.5063
S: 1.4250 / 1.4220
The pair seems to be heading towards the 21-SMA on the 4-hourly. Probably could get restricted at this level, if a rise is seen during the US session.
On a broader picture, the pair looks likely to continue with the bearishness and fall further. If it continues to remain below the Resistance at 1.4752, we could see the pair retracing the low it made yesterday of 1.4468. However, given the kind of sharp moves that the pair has been witnessing over the last few weeks, no range looks wide enough. But still, we feel, the range of 1.4450-1.4800 could hold during the day.
AUD-USD @ 0.6430/34...Ranged
R: 0.6465-86 / 0.6506 / 0.6536-44
S: 0.6418 / 0.6107-090
The pair has shown little movement throughout the Asian and early European sessions today. It has traded between 0.6420-0.6473. On the upside, the nearest Resistance at 0.6486 held and on the downside again the nearest Support at 0.6418 held as well. Probably has still not been able to make up its minds as to which direction to choose and continues to remain entangled in the 8-, 13- and 21-day MAs.
On the longer term, the pair has been consolidating between the range of 0.60 to 0.70. Whichever way it elects to move, the long term range mentioned above is likely to hold for the pair.
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."
Actionable trading levels delivered to YOUR charts in real-time.
Register To Test Your Amazing Trader
GVI Trading. Potential Price Risk Scale
Tue 19 June 2018
AA: Major, A: High, B: Medium
A 12:30 US- House Permits/Starts
Wed 20 June 2018
A 14:00 US- Existing Homes Sales
A 14:30 US- EIA Crude
Thu 21 June 2018
AA 11:00 GB- Bank of England Decision
A 12:30 US- Weekly Jobless
Fri 22 June 2018
John M. Bland, MBA
co-founding Partner, Global-View.com
Global-View Affiliate Program
We are starting an affiliate program to market some of our products.
Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.
Put the word "affiliate" in the email subject line.
Start trading with forex broker Markets Cube
Max McKegg's Daily Forex Trading Forecasts
Veteran FX Trader, Max McKegg, forecasts all the Major currencies and the Australasians; providing Daily and Medium Term Trading forecasts to subscribers, who include large Banks the world over, as well as individual traders in more than 30 different countries.
Request a TRIAL of Max's Forex Service.