Consolidated Trading

Trading remains stable as an overall as the impact of having the markets closed yesterday since it was the Christmas Day Holiday is still witnessed in the earlier session and now. Moreover any slight variation of any pair is due strictly to technical movements as no economic indicators are being released except in Japan. Still, the dollar is weak since the U.S economy is sinking further through a deepened and worsened crisis.

As a result, the euro-dollar pair is slightly increasing as the euro is gaining on a weakened dollar due to the darkened outlook of the U.S economy that remains worse than the Union performance during the recent recessional phase. So far, the euro is traded at 1.4079 recording a high of 1.4085 and a low of 1.3988 along with a resistance at 1.4080 and a support at 1.4053.

The pound-dollar pair continues as an overall on dropping as the U.S economy growth slow-down is still at a slower pace than the ongoing royal economic slowdown having the pound traded at 1.4734 recording a high of 1.4798 and a low of 1.4713 along with a resistance level at 1.4740s and a support level at 1.4710 which are levels in which the pair is floating since momentum indicators are showing mixed signs on the different time scales.

Now, the dollar-yen pair is traded at narrow ranges due to the lack of fundamentals in the U.S with a yen trades so far at 90.39 recording a high of 90.84 and a low of 90.31 with a resistance level at 90.52 and a support level at 90.34, levels in which the pair is varying.

Crown Forex

disclaimer:The above may contain information for investors/traders and is not a recommendation to buy or sell currencies, gold, silver & energies, nor an offer to buy or sell currencies, gold, silver & energies. The information provided is obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. I am not liable for any losses or damages, monetary or otherwise that result. I recommend that anyone trading currencies, gold, silver & energies should do so with caution and consult with a broker before doing so. Prior performance may not be indicative of future performance. Currencies, gold, silver &energies presented should be considered speculative with a high degree of volatility and risk.