Fundamental Forex News Today:
| Time(GMT+7) | News/Indicator | Forecast | Actual | ||
| 01:00 | USD | high | FOMC Meeting Minutes | ||
| 06:01 | GBP | med | Nationwide Consumer Confidence | 81 | |
| 06:01 | GBP | low | BRC Shop Price Index y/y | 1.2% | |
| 06:30 | AUD | med | AIG Services Index | 48.4 | |
| 10:03 | JPY | med | Overnight Call Rate | 0.10% | 0.10% |
| 10:03 | JPY | med | Monetary Policy Statement | ||
| 12:13 | JPY | high | BOJ Press Conference | ||
| 14:15 | CHF | high | Retail Sales y/y | 3.8% | |
| 15:00 | EUR | low | Final Services PMI | 55.5 | |
| 15:30 | GBP | high | Services PMI | 58.1 | |
| 15:30 | GBP | low | Index of Services 3m/3m | 0.7% | |
| 16:00 | USD | med | Treasury Sec Geithner Speaks | ||
| 16:00 | EUR | low | PPI m/m | 0.2% | |
| 16:00 | EUR | low | Final GDP q/q | 0.1% | |
| 17:00 | EUR | med | German Factory Orders m/m | -0.8% | |
| 19:30 | CAD | high | Building Permits m/m | 2.1% | |
| 21:00 | CAD | high | Ivey PMI | 55.1 | |
| 21:30 | USD | med | Crude Oil Inventories | 1.0M | |
| 23:15 | USD | low | FOMC Member Dudley Speaks | ||
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Support And Resistance Today
Last updated: April 6, 2010, 11:06 am EDT| Currency | Support levels | Resistance levels | ||||
| S1 | S2 | S3 | R1 | R2 | R3 | |
| EUR/USD | 1.3450 | 1.3380 | 1.3300 | 1.3500 | 1.3540 | 1.3590 |
| AUD/USD | 0.9180 | 0.9140 | 0.9090 | 0.9230 | 0.9270 | 0.9300 |
| GBP/USD | 1.5270 | 1.5230 | 1.5170 | 1.5300 | 1.5340 | 1.5380 |
| USD/CAD | 1.0000 | 0.9970 | 0.9940 | 1.0040 | 1.0070 | 1.0100 |
| NZD/USD | 0.7010 | 0.6970 | 0.6930 | 0.7040 | 0.7070 | 0.7115 |
| USD/CHF | 1.0580 | 1.0530 | 1.0490 | 1.0630 | 1.0680 | 1.0730 |
| EUR/GBP | 0.8810 | 0.8770 | 0.8730 | 0.8840 | 0.8880 | 0.8930 |
| USD/JPY | 94.00 | 93.50 | 93.10 | 94.40 | 95.00 | 95.40 |
| GBP/JPY | 143.80 | 143.00 | 142.40 | 144.70 | 145.30 | 146.00 |
| AUD/JPY | 86.70 | 86.30 | 85.50 | 87.00 | 87.50 | 88.00 |
| EUR/JPY | 126.70 | 126.00 | 125.30 | 127.15 | 127.80 | 128.30 |
| CAD/JPY | 93.90 | 93.40 | 92.80 | 94.30 | 94.70 | 95.30 |
| S1 | S2 | S3 | R1 | R2 | R3 | |
FOREX NEWS
Dollar dips below parity with Canadian dollar
Dollar rises on euro, but dips below parity with Canadian dollar for 1st time since mid-2008
NEW YORK (AP) -- The dollar jumped versus the euro Tuesday on concerns over aid to Greece, but was briefly worth less than the Canadian currency for the first time since July 2008.
The 16-nation euro dropped to $1.3368 in morning trading in New York from $1.3486 late Monday. Investors are worried that a European bailout plan involving the IMF will not be able to contain the country's debt problems after reports that
Debt woes in European countries, particularly Greece, have pushed the euro down from above $1.51 in late November.
The Canadian currency, meanwhile, has gotten a boost from rising energy prices. Canada is a major exporter of oil, and crude prices are circling 18-month highs. Canada also has one of the smallest budget deficits of the major economies.
The dollar dropped as low as 99.92 Canadian cents Tuesday. That's the first time the U.S. currency has dropped below parity with its Canadian counterpart since July 2008. In later morning trading in New York, the dollar fetched 1.0003 Canadian dollars, down from 1.0031 Canadian dollars late Monday.
The sharp gains in the Canadian currency may cause the Bank of Canada to threaten to intervene in foreign exchange markets, said UBS analyst Geoffrey Yu. A stronger currency makes Canada's exports more expensive.
In other trading, the British pound fell to $1.5179 from $1.5298 amid uncertainty over the outcome of Britain's upcoming election. British
The dollar slipped to 93.95 Japanese yen from 94.24 yen late Monday. On Monday, the dollar hit 94.76 yen, its highest point since August 2009.
An interest-rate hike by the
Meanwhile, the U.S. currency rose to 1.0709 Swiss francs from 1.0624 francs.
Source : yahoo.com - finance 7/Apr/2010 05:14
