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Fx Report Dialy 14 April 2010

EUR / USD

is not much data to move after the European release of industrial output rose 0.9%. Pair still tend to be stable in the range of 1.364 to 1.365. Purchase interest was found waiting in 1.36 and will be a support for the EUR / USD. Interest on sales is also still waiting in between 1.368 to 1.37. 1.36 Option expiry is still
potentially make the pair moves downward.




JPY/USD

JPY continues to decline against major currencies in trading today. Currently JPY dropped to the level of 127.6 vs. EUR, which is the lowest level within 2 days, and dropped to the level of 88.9 vs CHF, which is the lowest level in 8 days. JPY continued to weaken until the level of GBP 144.2 vs. 93.5 and down to the level vs USD.


USD / CAD
usd/cad re-test the lowest point in 2010 in the range of 0.998. The momentum was still falling and if penetrated, then the pair has the potential to continue to fall until the level of 0.994. Option barrier at 0.997 level. Purchase interest did not seem too much and with the momentum of the current strengthening of CAD, possibly buy an existing limit will be penetrated. (Ast)

USD / CHF
USD / CHF which had rebounded to around 1.055 is now back down again to around 1.053. 1.055 apparently indiscriminate selling in large enough and capable of reduce upward momentum. Also reduce the rate of interest in selling the strengthening of the EUR / CHF in the range of 1.439 to 1.44. Both pairs are expected to range when ranging in this, to gain new momentum to move further. (MFT)

GBP / USD
GBP / USD moved down sharply to 1.538 to enter the European session this afternoon. Selling interest has reportedly waiting in 1.55 if the pair turned up. Option barriers reported also in the range of 1.548 to 1.549. A stronger USD early afternoon was triggered by rising levels of risk investors, the result of a revaluation of SGD by the Singapore government. The next target is predicted to exist at the level of 1.435 which is the lowest point of trading yesterday. (Rht)


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