As reported at 10:23 am in Sydney, the U.S. Dollar held onto small gains in Friday’s Asian trading following another round of investor profit-taking.
EUR/USD’s Price Action Reveals it’s Intentions when it’s Technicals are Mute
Recent one day chart price action for the EUR/USD has show the pair has a affinity for the 1.4920 area. With no hard hitting news for this pair on November 20th the EUR/USD is likely to stay surely under the 1.5000 line.
EURUSD Bears and Bulls Calmed Down
EURUSD bears and bulls calmed down, at the moment situation is very silent with low movements. However, according to bulls activity, they do struggle to reach resistance level. For now waiting action remains for this pair.
Australian Dollar Establishes 15-month High on Positive Data
Buoyed by better than expected jobs data and firmed commodity prices, the Australian Dollar reached a new 15-month high versus the U.S. currency in Asian trading today.
OECD Upbeat About Global Prospects In 2010
The Organisation for Economic Co-operation and Development has 30 member states drawn from developed nations and has the mandate to support economic growth, boost employment and contribute to world trade, amongst other things.