Wednesday, March 10, 2010 12:03 CET
Intraday Market Outlook for Day Traders
EUR / USD
The pair, after losing ground in the European morning to lows around 1.3540, is on a recovery path now, currently at 1.3580. We see the upward momentum remaining intact today, reaching levels above 1.3650.
GBP / USD
Consolidating its lower levels in the European morning, the pound is currently trading at 1.4882 against the dollar. Around that level, we expect bidding coming up and see higher prices near the 1.5000 mark.
USD / CHF
The dollar is on a down correction move against the Swiss franc in the early European market, priced right now at 1.0770. While we see the upward potential for today limited at 1.0780, we reckon with downside moves to the 1.0700 area.
USD / JPY
The recovery of the dollar against the yen, starting in Asian trading, continued in the European morning to present prices at 90.40. Further upside moves are not in the cards in today's market, we expect selling at the 90.50 level. The 89.60 mark could then be tested.
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MARKET ANALYSES
Wednesday, March 10, 2010 12:03 CET
Intraday Market Outlook for Day Traders
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Tuesday, March 09, 2010 12:21 CET
Intraday Market Outlook for Day Traders
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Monday, March 08, 2010 12:30 CET
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