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Dollar, Yen Gain on Bleaker Economic Recovery Outlook
20 Nov, 2009 @ 04:57 am ET | written by Forexyard
The Dollar and Yen gained against the EUR and other higher yielding currencies Thursday on concerns about the sluggish pace of the world economic recovery. A Decline in equity and commodity prices pushed investors back into the USD and JPY as safe haven currencies.
Forex Market Trends
| EUR/USD | GBP/USD | USD/JPY | USD/CHF | AUD/USD | EUR/GBP | |
| Daily Trend |
|
|
|
|
|
|
| Weekly Trend |
|
|
|
|
|
|
| Resistance | 1.5000 | 1.6745 | 89.70 | 1.0215 | 0.9275 | 0.9030 |
| 1.4980 | 1.6725 | 89.50 | 1.0195 | 0.9255 | 0.9010 | |
| 1.4950 | 1.6695 | 89.20 | 1.0165 | 0.9225 | 0.8980 | |
| Support | 1.4890 | 1.6635 | 88.60 | 1.0105 | 0.9165 | 0.8920 |
| 1.4860 | 1.6605 | 88.30 | 1.0075 | 0.9135 | 0.8890 | |
| 1.4840 | 1.6585 | 88.10 | 1.0055 | 0.9115 | 0.8870 |
For more forex information, go to www.forexyard.com
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