A consensus seems to be forming that risk aversion is returning to the market. Despite the sporadic release of positive data in various parts of the world, the overall trend appears to indicate a slow-down in recovery and growth. This has led to an increase in fears about the potential for a speedy recovery, which in turn has fueled the mass flight away from riskier assets and into the safety of the US dollar and Japanese yen.

Forex Market Trends

 EUR/USDGBP/USDUSD/JPYUSD/CHFAUD/USDEUR/GBP
Daily Trenddowndowndownupdowndown
Weekly Trenddowndowndowndowndowndown
Resistance1.27331.553685.921.04980.89510.8259
1.26981.549885.601.04630.89240.8232
1.26651.546585.291.04410.88950.8214
Support1.26021.540184.691.03810.88450.8163
1.25711.536984.331.03500.88150.8135
1.25401.533684.011.03200.87860.8108