The dollar weakened versus its counterparts in Australia, New Zealand and Canada, as rising commodity prices boosted demand for currencies linked to raw materials exports.Oil hit $100 per barrel.
The U.S. currency fell against half of its 16 most-traded peers as U.S. economic reports indicated weaker-than-forecast growth, bolstering the Federal Reserve’s plan to keep U.S. interest rates low. The Canadian dollar reached parity with the greenback for the first time since Nov. 11. The Swiss franc strengthened to a record against the dollar as investors demand an alternative to the euro amid the region’s sovereign-debt crisis.
Wednesday, December 29, 2010
Monday, December 27, 2010
Sell GBPUSD
Sell GBPUSD
GBPUSD is facing a selling pressure pushing it down as long as it remains below (1.5486) any four hours close below (1.5383) will open the way for the instrument to test the next support level. Any four hours bare close above (1.5486) will change instrument`s direction. Traders should consider selling GBPUSD.
GBPUSD is facing a selling pressure pushing it down as long as it remains below (1.5486) any four hours close below (1.5383) will open the way for the instrument to test the next support level. Any four hours bare close above (1.5486) will change instrument`s direction. Traders should consider selling GBPUSD.
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