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1 Apr 2013

Forex: GBP/USD eases to 1.5190

FXstreet.com (Barcelona) - The sterling is retracing initial gains after climbing to the boundaries of 1.5220, as risk appetite is shrinking ahead of the US manufacturing data.

“Barring ongoing negative data surprises, it appears that downside drivers for sterling may be limited in the short term and entrenched shorts are being lifted. Structural woes in the Eurozone are also helping sterling’s case”, assessed G.Yu y G.Berry, Strategists at UBS.

As of writing, the pair is flat at 1.5192 with the immediate support at 1.5112 (low Mar.28) followed by 1.5092 (low Mar.27) and then 1.5090 (low Mar.21).
On the upside, a surpass of 1.5207 (high Mar.26) would bring 1.5280 (high Mar.25) en route to the psychological level of 1.5300
Apr 1, 2013

Forex: USD/CHF trading at the 0.9500 level

The USD/CHF has rebounded off its session lows, which bottomed out at the 0.9487 level Monday in highly reduced trading. In these moments the cross has pared its losses to test the 0.9500 level at the time of writing.
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Apr 1, 2013

Forex: USD/CAD establishing fresh lows at 1.0159/62

The USD/CAD has taken a tumble in recent moments, as the pair is now establishing fresh session lows at 1.0159/62. Having pared its earlier gains, the cross is now trading in negative territory, down -0.13% Monday.
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