Friday, September 03, 2010 11:58 CET
Intraday Market Outlook for Day Traders
EUR/USD
After a rather undecisive Asian session today, the pair seems to be keeping a slight buying tone in the European morning, trying right now at 1.2835 to break the 1.2840 level. We see this level being surpassed today, but the upside potential limited at 1.2875.
GBP/USD
The pound is in a timid short-term uptrend since yesterday against the dollar, currently trading back a little at 1.5410. We expect the mild bidding tone to sustain today and the market to reach levels around 1.5475.
USD/CHF
This European morning`s low volatility in the dollar market shows not much direction against the Swiss franc, currently trading at 1.0145. We project a trading band for today between 1.0165 and 1.0135 only.
USD/JPY
Undecisive against the yen in all of the Asian trading hours, the dollar is right now priced just a little higher at 84.35. We expect a mild bidding tone to remain today, bringing the market up to the 84.60 level.
|
Risk warning: Swiss e Trade AG shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information herein contained. The contents of this publication should not be construed as an express or implied promise, guarantee or implication by Swiss e Trade that clients will profit from the strategies herein or that losses in connection therewith can or will be limited. Trades in accordance with the recommendations in an analysis, especially leveraged investments such as foreign exchange trading and investment in derivatives, can be very speculative and may result in losses as well as profits, in particular if the conditions mentioned in the analysis do not occur as anticipated.
|
|
|
 |
| |
MARKET ANALYSES
Friday, September 03, 2010 11:58 CET
Intraday Market Outlook for Day Traders
Read more
Thursday, September 02, 2010 12:08 CET
Intraday Market Outlook for Day Traders
Read more
Wednesday, September 01, 2010 12:00 CET
Intraday Market Outlook for Day Traders
Read more
|
|
|
 |
|
