Forex Currency: Daily Forex Outlook, Mar. 8
Issue:ikonfx | Date: 2010年3月8日The Japanese Yen (JPY) is the major loser in post NFP rally, while the market heavily long the Yen liquidated positions. GBP/JPY led the crosses higher, as USD/JPY reclaimed the key Y90 level and US stock markets rose to fresh year highs. Overall the Forex traded with a low of 12.99 and a high of 90.58 before closing the day around 90.30 in the New York session. Looking ahead, January Current account forecast at 1.25T vs. 1.1T previously. The Sterling GBP like the Euro tested the downside after the NFP figures although support under the 1.5000 proved solid and GBP/JPY soared. EUR/GBP tested the Key 0.9000 level and closed just below the figure but the GBP outlook is quite uncertain as ongoing hung elections fears remain in play. Forex: Overall the GBP/USD traded with a low of 1.4994 and a high of 1.5166 before closing the day at 1.5144 in the New York session. Looking ahead, forex member Barker speaks. Forex: The Australian Dollar (AUD) did well in the 'risk on' environment but stalled at the 0.9080 resistance area as AUD/NZD selling capped the Aussies gains. NZD/USD outperformed the major currencies gaining 3% against the Yen. Forex: Overall the AUD/USD traded with a low of 0.8986 and a high of 0.9092 before closing the US session at 0.9080. For more forex, please go to Forex Currency. Edited by Mia [Mar. 1, Greece rating concerns weigh on Asian forex market] [Feb 10, Dollar moves lower during US forex trading session] [2/23/2010, Forex trading emerges as an attractive investment option ] [Feb 20, 2010, Interest rate potential values forex] [Feb 10, Dollar moves lower during US forex trading session]
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