TEXT SIZE: A | A | A          

May 25, 2013 -- Updated January 08, 2013 03:52 HKT

US Dollar Gives Back Gains, Falls to 80.25 Monday


paul@livetradingnews.com
Posted on: Jan 8th, 2013

US Dollar Gives Back Gains, Falls to 80.25 Monday

DXY, EUR/USD. GBP/USD. USD/CHF, EUR/CHF, USD/JPY, AUD/USD, USD/CAD

The US Dollar Index surrendered its early gains, sliding back onto the 80.25 mark. The weakness sets up a test 80.00, but the 78.50/79.00 support area remains more important.

EUR/USD is +45 pips at 1.3110 as trade holds near session highs. Action is attempting to regain 1.3150 in its quest to push through the 1.3300 level. Eurozone data will see retail sales, the unemployment rate, and German factory orders.
GBP/USD is +30 pips at 1.6100 as trade has recovered all of Friday’s losses. Traders will be watching the 1.6100 as bulls look to erase last week’s losses.
USD/CHF is -30 pips at .9215 as trade slides off the .9250 resistance mark. Action near support in the .9140 region will be telling.

USD/JPY is -40 pips at 87.65 as action holds on session lows. Despite Monday’s weakness, action has seen little pullback during the 1100 pip ramp off the September lows. Monday’s weakness comes after from Japanese Finance Minister Taro Aso suggested the government will not ask the Bank of Japan to put its 2.0% inflation target in writing.

AUD/USD is +5 pips at 1.0485 after early action was rejected just above the 1.0500 mark. Tonight’s Australian trade balance figure will likely have an impact.

USD/CAD is -10 pips at .9860 after Canada’s Ivey PMI surged to 52.8, 47.5 previous. Recent weakness has dropped the pair below its 100-Day MA, and has trade testing support in the .9840 area.

More News

HeffCap Global Offshore Dividend Focused CFD Fund, great protection in the current economic environment


Managing investments in equities requires time, knowledge, experience and constant monitoring of stock markets. Those who need an expert to help manage their investments, portfolio management services (PMS) comes as an answer.

The business of portfolio management has never been an easy one. Juggling the limited choices at hand with the twin requirements of adequate safety and sizable returns is a task fraught with complexities.

Given the unpredictable nature of the share market, it requires solid experience and strong research to make the right decision. In the end it boils down to making the right move in the right direction at the right time. That's where the expert comes in.

HCM has decades of experience in providing portfolio Management services, where we help you understand the way into the market

When you invest your hard earned money, it is imperative to know all about your investments. We help you to take those steps forward towards Informed Investments - a consultative and transparent method of investing. With our portfolio management services you are always consulted and informed of all investment decisions, thus giving you total control of your portfolio.

 

Linda Johnson,
Business Development Director – Private Client Group,
Heffernan Capital Management
Sales@Heffcap.com

Singapore

3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699

 



 

image1

 

 

Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com

Singapore

3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699

 Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

 

Enter your email address:

Delivered by FeedBurner



 

Read the Terms of Service


 

Posted by on Jan 8th, 2013and filed underForeign Exchange, Latest News, News wire.You can follow any responses to this entry through theRSS 2.0You can skip to the end and leave a response. Pinging is currently not allowed.
RESEARCH 1 of 6
China Economy in for a Shock

China Economy in for a Shock

Thursday’s PMI revived investor worries about whether China can sustain an economic revival this year, after annual growth slumped to a 13-year trough in 2012. China’s factory output and investment performance for April released earlier …

Commentary

Sponsored Ads

Advertise with us


Investor Services

Portfolio Management Services
Portfolio Management Services

Portfolio Management Services

Protect against inflation and currency shifts.

What is Portfolio Management? 

Managing investments in equities requires time,

Sponsored Ads

Advertise with us

UAE Economy Seeing a Spring Boom

UAE Economy Seeing a Spring Boom

UAE Economy Seeing a Spring Boom

HBC

Driven by stable high Crude Oil prices, tourism, diversification and a liberal trade policy, the United Arab Emirates (UAE) witnesses an unprecedented …

The Hot List

Roulette, The Devil’s Game
Roulette, The Devil’s Game

Roulette, The Devil’s Game

All of the numbers on a Roulette Wheel add up to 666, hence, that is why roulette is referred to as “The Devil’s Game.”

Roulette …

Sponsored Ads

Advertise with us

shoutbox

How are you investing and why?


140 characters left  

Guest: bztg, come on shane, lite this puppy up. been waiting too long lets go!!!

Tue, 04/30/13 | 0 Comment

1034         

104   

Guest: gsat get it now. if u snooze u lose

Fri, 04/19/13 | 0 Comment

1413         

147   

Sponsored Ads

Advertise with us


Subscribe to Live Trading News

NEW YORK           LONDON           BARCELONA           TOKYO           SYDNEY

back to topBack to top
    Add to RSS
    Find us on Facebook
    Follow us on Twitter
    Watch on Youtube
    Stay updated on LinkedIn