International Business News - Economic Indicators http://www.ibtimes.com/rss/feed/economicindicators.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/economicindicators.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif The USD/JPY is still unable to break the 90.00 mark and is trading at 88.88. The pair has been trading in a narrow range since opening at 88.96 and posted an intraday high of 89.06. The USD/JPY finds support at 88.63 and resistance at 89.21. Outlook for the pair is slightly bullish. http://www.ibtimes.com/articles/20091123/forex-usd-jpy-below-90-00.htm http://www.ibtimes.com/articles/20091123/forex-usd-jpy-below-90-00.htm Mon, 23 Nov 2009 22:40:00 EST The pound lost recent gains on the dollar and is trading at 1.6561. The pound had earlier opened at 1.6602 and had been as high as 1.6618 before dropping. The pair has traded in a narrow range after falling and finds support at 1.6529 and resistance is at 1.6628. The pair is considered slightly bearish. http://www.ibtimes.com/articles/20091123/forex-gbp-usd-below6600-as-pound-rally-over.htm http://www.ibtimes.com/articles/20091123/forex-gbp-usd-below6600-as-pound-rally-over.htm Mon, 23 Nov 2009 21:12:00 EST The EUR gains on a weak dollar and trades at 1.4943. The pair had earlier opened at 1.4960. The EUR/USD finds support at 1.4908, resistance at 1.4997 and is considered slightly bearish. http://www.ibtimes.com/articles/20091123/forex-eur-usd-rises-as-dollar-weakens-on-housing-news.htm http://www.ibtimes.com/articles/20091123/forex-eur-usd-rises-as-dollar-weakens-on-housing-news.htm Mon, 23 Nov 2009 20:08:00 EST USD/JPY Current Price: 89.02. Still fighting the 89.00 level, pair remains barely above it after reaching an intraday high of 89.18. Range bound with no clear bias, indicators had turned slightly bearish as well as 4 hours ones, suggesting the upside will remain limited. Daily descendant trend line today comes around the 89.50 area, and only a clear acceleration above that level, could revert current general bearish sentiment. http://www.ibtimes.com/articles/20091123/usd-jpy-still-fighting-the-89-00-level.htm http://www.ibtimes.com/articles/20091123/usd-jpy-still-fighting-the-89-00-level.htm Mon, 23 Nov 2009 19:23:00 EST GBP/USD Current Price: 1.6612. Trapped around 1.6600, current movement could be consider corrective as long as under the 50% retracement of the last daily fall (1.6823/1.6459) currently around 1.6660; recent candle opening under the 38.2% of mentioned rally, keeps current upside movement as corrective, supported also by hourly indicators that had turned to the downside after price toped at the 200 EMA. http://www.ibtimes.com/articles/20091123/pound-trapped-around6600.htm http://www.ibtimes.com/articles/20091123/pound-trapped-around6600.htm Mon, 23 Nov 2009 19:22:00 EST EUR/USD Current Price: 1.4964. Despite a new failure attempt to break above 1.5000, pair holds close to daily highs and above 1.4930, past Friday's high and first support level to consider for the next hours. With strong stocks gains, risk appetite likely to extend during current session pushing the pair higher, with 1.5000/20 as key level to watch to the upside, as only clear confirmations above that level could trigger some upside momentum in the pair. http://www.ibtimes.com/articles/20091123/eur-usd-current-price4964.htm http://www.ibtimes.com/articles/20091123/eur-usd-current-price4964.htm Mon, 23 Nov 2009 19:20:00 EST (Córdoba) The Yen finished Monday with considerable losses against European currencies but is still moving with an upside bias. GBP/JPY recovered after falling to a fresh one-month at 146.30. From there the pair started to rise and peaked at 148.20 (intra-day high). Then pulled back below 148.00 and currently trades at 147.77/85. Cable recovered Friday's losses and despite Monday's rally remains under pressure. The Yen has support on a downtrend line in four hours chart. A break above 150.00 could send the pair higher. http://www.ibtimes.com/articles/20091123/forex-yen-falls-against-european-currencies.htm http://www.ibtimes.com/articles/20091123/forex-yen-falls-against-european-currencies.htm Mon, 23 Nov 2009 17:57:00 EST (Córdoba) A better-than-expected increase in existing home sales and comments about interest rate staying at low levels for some time fueled stocks. The rally in Europe and Wall Street put pressure to the Dollar that fell across the board and rose only against the Yen. Gold posted new record highs above $1,170. The Dow Jones closed at the highest level in 13 months. http://www.ibtimes.com/articles/20091123/forex-dollar-falls-on-monday-stocks-rally-in-wall-street-and-europe.htm http://www.ibtimes.com/articles/20091123/forex-dollar-falls-on-monday-stocks-rally-in-wall-street-and-europe.htm Mon, 23 Nov 2009 16:58:00 EST (Córdoba) The Euro pulled back after reaching at 1.4999 the highest price of the day. EUR/USD rose more than a hundred pips from the lows of the day to the current level at 1.4962/65, which is 0.75% above today's opening price. To the downside support is located at 1.4950 and below at 1.4900 and 1.4880. If it rises above 1.5000 resistances levels lie at 1.5020 and above at 1.5060. The Euro is rising after falling in the last two sessions. http://www.ibtimes.com/articles/20091123/forex-eur-usd-consolidates-important-gains-but-holds-below5000-still-in-ranges.htm http://www.ibtimes.com/articles/20091123/forex-eur-usd-consolidates-important-gains-but-holds-below5000-still-in-ranges.htm Mon, 23 Nov 2009 15:42:00 EST (Córdoba) The Australian Dollar is posting the biggest daily gains against the Dollar since mid October. AUD/USD currently trades at 0.9244/47, 1.07% above today's opening price. The pair peaked at 0.9277, intra-day high and the pulled back to 0.9230. The pair continues to recover after falling to a two-week low at 0.9058 on Friday. http://www.ibtimes.com/articles/20091123/forex-aud-usd-finds-resistance-at9275.htm http://www.ibtimes.com/articles/20091123/forex-aud-usd-finds-resistance-at9275.htm Mon, 23 Nov 2009 15:03:00 EST (Córdoba) The Dow Jones is rising 1.12% and trades at the highest level in more than a year. Crude oil is falling moderately but failed to join the rally in stocks and gold. The metal trades at $1,165 an ounce after reaching new record highs above $1,170. Dollar is falling across the board and rises only to the Yen. Greenback holds near intra-day lows. http://www.ibtimes.com/articles/20091123/stocks-consolidates-gains-dollar-holds-near-intra-day-low.htm http://www.ibtimes.com/articles/20091123/stocks-consolidates-gains-dollar-holds-near-intra-day-low.htm Mon, 23 Nov 2009 14:35:00 EST (Córdoba) The Pound is pulling back after hitting at 1.6648 the highest price of the day. GBP/USD has been moving with a downside bias since then and currently trades below 1.6600 at 1.6589/93, 0.55% above today's opening price. Resistance levels, at the moment lie at 1.6675/85 (Nov 20 high) and above here 1.6700 and 1.6755 (Nov 19 high). On the downside, support levels lie 1.6530 and below at 1.6495/00. http://www.ibtimes.com/articles/20091123/forex-gbp-usd-moves-away-from-daily-highs.htm http://www.ibtimes.com/articles/20091123/forex-gbp-usd-moves-away-from-daily-highs.htm Mon, 23 Nov 2009 13:37:00 EST The USD/CHF has found support at 1.0070 during the American session after falling around 150 pips from Friday's high at 1.0222. USD/CHF is trading on consolation mode below 1.0100 level. The pair is trading around 1.0085/95, 0.90% above today's opening price action at 1.0180. http://www.ibtimes.com/articles/20091123/forex-usd-chf-consolidates-low-levels-below0100.htm http://www.ibtimes.com/articles/20091123/forex-usd-chf-consolidates-low-levels-below0100.htm Mon, 23 Nov 2009 12:57:00 EST The Dollar has continued rising against the Yen during the American session from 88.70 to break MA55 hourly at 88.90 to trade above 89.00 level and hit intra-day high at 89.20. Currently the pair trades at daily highs, reaching 0.40% above today's opening price action at 88.80. http://www.ibtimes.com/articles/20091123/forex-usd-jpy-rises-above-89-00-and-hits-89-20-as-intra-day-high.htm http://www.ibtimes.com/articles/20091123/forex-usd-jpy-rises-above-89-00-and-hits-89-20-as-intra-day-high.htm Mon, 23 Nov 2009 12:36:00 EST (Córdoba) The Euro rose to 1.4999 (intra-day high) against the Dollar but failed to jump back above 1.5000. EUR/USD then retreat finding support at 1.4960/65. Currently the pair trades at 1.4974/78, 0.79% above today's opening price. If it rises further, above 1.5000 resistances levels lie at 1.5020 and above at 1.5060. The Euro is rising after falling in the last two sessions. Liviu Flesar, technical analyst at InnerFX affirms: "The euro trades higher today, recovering after Friday's dip, testing the downward trend line from 1.5045 which comes around 1.4950. The short-term charts show prolonged indecision as this range of 1.4820/50-1.5 has been valid for the last two weeks. It is not easy to advance higher above 1.5 but the dollar bulls are facing difficulties too the 1.4820/50 region being a stable bottom which held on several attempts." http://www.ibtimes.com/articles/20091123/forex-eur-usd-euro-holds-below5000.htm http://www.ibtimes.com/articles/20091123/forex-eur-usd-euro-holds-below5000.htm Mon, 23 Nov 2009 12:09:00 EST (Córdoba) Cable extended its gains against the Dollar and rose to 1.6648 posting a fresh intra-day high but after the release of the existing home sales the pair pulled down to 1.6605. GBP/USD currently trades at 1.6620/25, 0.72% above today's opening price. Resistance levels, at the moment lie at 1.6675/85 (Nov 20 high) and above here 1.6700 and 1.6755 (Nov 19 high). On the downside, support levels lie at 1.6600 and below at 1.6530 and 1.6495/00. http://www.ibtimes.com/articles/20091123/forex-gbp-usd-rises-to6650-and-pulls-down-to6605.htm http://www.ibtimes.com/articles/20091123/forex-gbp-usd-rises-to6650-and-pulls-down-to6605.htm Mon, 23 Nov 2009 11:23:00 EST The Canadian retail sales came in better than expected.Current: 1,0% http://www.ibtimes.com/articles/20091123/canadian-retail-sales-14-35-cet.htm http://www.ibtimes.com/articles/20091123/canadian-retail-sales-14-35-cet.htm Mon, 23 Nov 2009 11:20:12 EST - U.S. markets are going through gains well beyond 1.0% , on the back of a larger than expected increase on existing home sales. The Dollar attempts to pick up from session lows. http://www.ibtimes.com/articles/20091123/umarkets-advance-after-buoyant-housing-data-dollar-at-lower-levels.htm http://www.ibtimes.com/articles/20091123/umarkets-advance-after-buoyant-housing-data-dollar-at-lower-levels.htm Mon, 23 Nov 2009 10:30:00 EST (Córdoba) The Dollar gain strength against the Yen after the release of the existing home sales report. USD/JPY rose back above 88.90 from 88.70. Immediate resistance lies at 89.00/02 (intra-day high) and above at 89.15 (Nov 20 high) and 89.50 (Nov 18 and 17 high). To the downside support could be located at 88.70 and below at 88.55/60 (intra-day low) and 88.35 (Oct 9 low). http://www.ibtimes.com/articles/20091123/forex-usd-jpy-rises-to-test-89-00-after-existing-home-sales.htm http://www.ibtimes.com/articles/20091123/forex-usd-jpy-rises-to-test-89-00-after-existing-home-sales.htm Mon, 23 Nov 2009 10:24:00 EST FXstreet .com - Sales of second.hand houses have increased well beyond expectations in the U.S. in October, 1.01% up to an annual rate of 6.1 million units, instead of the 5.70 million annual rate expected by market analysts. The Dollar has ticked up against its major rivals. http://www.ibtimes.com/articles/20091123/dollar-favoured-as-on-better-than-expected-existing-home-sales.htm http://www.ibtimes.com/articles/20091123/dollar-favoured-as-on-better-than-expected-existing-home-sales.htm Mon, 23 Nov 2009 10:17:00 EST