Forex: AUD/USD trims gains

FXstreet.com (Córdoba) - The Australian dollar is giving up gains at the beginning of the New York session as risk appetite ebbed and stocks turned negative in Wall Street.

AUD/USD was rejected from the 1.0360 area and having dropped over 50 pips within the last hours it hit a low of 1.0306 in recent dealings. AUD/USD is currently trading around 1.0310/15, still 0.1% above its opening price.

As for technical levels, below the 1.0310/00 region, next supports could be found at 1.0280 (daily low) followed by 1.0268 (low Apr 18). On the other hand, resistances might be encountered at 1.0357 (daily high), 1.0395 (high Apr 16/200-day SMA) and 1.0410 (100-day SMA).

Apr 19, 2013

Commodities Brief – Precious metals pare European gains, crude stuck at 87.00

Gold prices have fallen off its highs during European trading (1424), as sharp resistance at 1425 prevented a rise further. Gains were gradually shed leading up to the onset of US trading Friday with the yellow metal presently settling at USD $1407.25 per oz. in these moments. Ultimately however, the break above 1400 level supports the intraday bullish momentum, and accordingly a positive scenario has replaced a strictly bearish outlook previously – prolonged stability above 1400 is vital for this to remain so.

อ่านเพิ่มเติม Previous

Apr 19, 2013

American equity markets a mixed bag Friday

The US stock market finally rallied slightly Friday, offering up a mixed opening for investors in the absence of economic data out of the United States. Beginning with the indices and composites, the NASDAQ climbed +0.20% as it settles in region of 3172.30, up +6.30 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1544.13, ascending +2.40 points or +0.19% at the time of writing. Finally, the Dow Jones has edged lower at the opening, trading in the zone of 14492.14, presently -0.31% after a movement of -45.00 points.

อ่านเพิ่มเติม Next