| Global Interest Rates | |||
 Australia |
7.25% | ||
 Canada |
3.5% | ||
 EMU |
4% | ||
 Japan |
0.5% | ||
 Swiss |
2.75% | ||
 England |
5% | ||
 US |
2.25% | ||
Technicals
Avantage Financial - Forex Daily Report Wednesday 9th of July
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Euro
Basically been respecting that falling trend line last 3 days and it comes in at 1.5731 today, so bearish momentum intact below this level for today. The key support remains 1.5600. A clear break above this 1.5772 level opens for another move towards the 1.5909 (Thursdays high).
Support: 1.5600 (key level), 1.5473 (rising support), 1.5300 (key level)
Resistance: 1.5731 (falling resistance), 1.5772 (former rising support), 1.5909 (Thursdays high), 1.6018 (all time high)
240 min Broke the interim rising support Friday (1.5700). Bigger range is now 1.5909-1.5300.
Cable
Key resistance remains 2.0024 that needs to be taken out to open for a test of 2.0390. Rising support at 1.9776 was taken out Monday, which opens for a test of the key 1.9350-1.9400 support area as long as it stays below the 1.9810 interim falling resistance (see 120 min chart).
Support: 1.9647 (Mondays low), 1.9580 (23/6 low), 1.9471 (key rising support), 1.9337 (key Jan low), 1.9310
Resistance: 1.9810 (interim falling res), 1.9850 (4/7 high), 2.0005 (1/7 high), 2.0024 (21/4-08 high), 2.0395 (14/3 high)
120 min Interim falling resistance coming in at 1.9810 and bearish momentum intact below this falling trend line. Have to break below 1.9650 to accelerate downside.
USDCHF
Same scenario as yesterday: Interesting to note that the 50% Fibonacci retracement of the rally from 08 low (0.9647) to the May 08 high (1.0623) is actually at 1.0135, where it bounced off again on Thursday last week. Also interim underlying support came in at 1.01 level, so pair respected this support. This now opens for a test of overhead resistance at 1.0446 near term as long as the 1.0100 support holds.
Support: 1.0135 (50% Fibonacci of rally from 08 low to 08 high), 1.0100 (underlying support), 0.9940, 0.9647 (all time low)
Resistance: 1.0446 (overhead resistance), 1.0623 (May 08 high), 1.0728 (January 08 low)
USDJPY
GBP/JPY: Bearish Sentiment Today 8:16 AM EST- EUR/USD - Euro Dollar, American Session - 29/08/08 Today 6:06 AM EST
- GBP/USD - British Pound Dollar, American Session - 29/08/08 Today 6:05 AM EST
- Avantage Financial - Forex Daily Report Wed 30th of July Jul 30, 2008 2:23PM
- Avantage Financial - Forex Daily Report Friday 25th of July Jul 25, 2008 9:36AM
- Avantage Financial - Forex Daily Report Thursday 24th of July Jul 24, 2008 8:16AM
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