| Dollar Under Pressure as Euro Threatens 2009 Highs (Daily FX) -EURUSD support is 1.4200-1.4280 -AUDUSD and NZDUSD hold channels -USDJPY resistance extends to 96.00 -USDCAD breaking down -GBPJPY support line holds us.rd.yahoo.com |
Currency Crosses: Technical Outlook (Daily FX) The EURJPY and CHFJPY are testing necklines from 7 month head and shoulder tops. These lines may just as well be bullish triangle lines though. In other words, these pairs are at critical junctures and we should have a better idea as to what the next big move will be within a few days. us.rd.yahoo.com |
Oil up above $80 on weak dollar, lower inventories (AP) Oil prices rose to above $80 a barrel Wednesday, helped by the weaker dollar and a report pointing to a drop in U.S. crude supplies. us.rd.yahoo.com |
Dollar gains on hopes for quicker rate hike (AP) The euro dropped below $1.43 for the first time since early September Friday amid ongoing concerns about European banks and public finances and increasing expectations the Federal Reserve will hike interest rates in the first half of the year. us.rd.yahoo.com |
EURUSD Channel a Consistent but Ill-Defined Range (Daily FX) The US dollar has developed a clear but measured descending trend channel over the past three weeks. Over just the past week, this tidy pattern was pushed by volatility; but the general picture is the same. us.rd.yahoo.com |