Sponsor Links

Sponser Link

Tuesday 8 October 2013

latest forex news

Latest Forex News
8th October, 2013 
latest forex news

The pound slipped lower against the dollar on Tuesday, amid cautious optimism that a political deadlock in the U.S. could be resolved in time to avert a debt default.
GBP/USD hit 1.6044 during European morning trade, the session low; the pair subsequently consolidated at 1.6046, sliding 0.30%.

Cable was likely to find support at 1.6004, the low of October 10 and resistance at 1.6098, the session high.

 Dollar higher vs. yen after China data

The dollar was higher against the yen on Tuesday, as encouraging service sector data from China helped offset concerns over the risk of a possible U.S. default as the U.S. government shutdown continued into a second week.

USD/JPY hit 97.19 during late Asian trade, the session high; the pair subsequently consolidated at 97.08, gaining 0.40%.

The pair was likely to find support at 96.56, the session low and a two-month low and resistance at 97.47, the high of October 4.

Data released on Tuesday showed that China’s HSBC services purchasing managers’ index dipped to 52.4 from August's reading of 52.8, but remained well above the 50 level that separates expansion from contraction.

NZD/USD slips lower despite upbeat N.Z. data

The New Zealand dollar slipped lower against its U.S. counterpart on Tuesday, despite upbeat New Zealand business confidence data as sustained concerns over the consequences of the current U.S. government shutdown weighed.

NZD/USD hit 0.8270 during late Asian trade, the pair's lowest since October 2; the pair subsequently consolidated at 0.8292, falling 0.14%.

The pair was likely to find support at 0.8194, the low of October 2 and resistance at 0.8351, the high of October 4. 

 AUD/USD edges higher amid ongoing U.S. fiscal woes

The Australian dollar edged higher against its U.S. counterpart on Tuesday, although gains were limited as concerns over the U.S. budget impasse and a potential default continued to dominate market sentiment.

AUD/USD hit 0.9448 during late Asian trade, the session high; the pair subsequently consolidated at 0.9445, adding 0.17%.

The pair was likely to find support at 0.9367, the low of October 3 and resistance at 0.9524, the high of September 19. 

No comments:

Post a Comment

Disqus Shortname