Currencies All Poised to Settle In As Holiday Finally Upon Us

FOREX SPECIAL :-If you haven’t already, it’s time to go enjoy the family and friends, because absolutely nothing even close to significant should happen from here into the close on Friday, and if anything does happen, you probably won’t want to be involved. To go over developments in recent trade, the Yen has made a bit of a comeback over the past 24 hours, although with the market still holding above 82.00, it is hard to say that we have really gone anywhere at all, with the broader multi-day consolidation still intact. Meanwhile the Swiss Franc has finally relented a bit, after Usd/Chf failed to take out the 0.9460 record lows from October. There has been no confirmation of any central bank activity, but the resulting price action has set up bullish outside days in Usd/Chf and Gbp/Chf (off...

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FOREX: Currency Markets May See Knee-Jerk Volatility as Trade Volumes Shrink

FOREX SPECIAL :-Key Overnight DevelopmentsJapanese Yen Slumps on Profit-Taking After Yesterday’s Advance British Pound Spikes Higher as Trade Volumes Amplify Volatility NZ Dollar Gains as Money Supply Sees Smallest Drop in 13 Months Critical Levels CCYSUPPORTRESISTANCE EURUSD1.30711.3167 GBPUSD1.53851.5523 Currency markets kept to narrow ranges in the overnight session as trading volumes wound down ahead of the Christmas holiday in most of the world’s top banking centers. The Euro oscillated in a narrow range above the 1.31 figure. The British Pound popped higher late into the session to add 0.3 percent against the greenback in what appeared to be a move similar to yesterday’s spike in the Japanese Yen, owing mostly to the amplifying effects of thin liquidity rather than...

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Forex: Major Currencies To Hold Steady, Swiss Franc Weighed By SNB

FOREX SPECIAL :-Talking PointsSwiss Franc: SNB To Take ‘Necessary’ Measures British Pound: Continues To Search For Support Euro: Holds Within Previous Day’s Range U.S. Dollar:Mixed Across The Board On Holiday Trade The foreign exchange market was relatively quite during the European trade, and the major currencies should hold steady going into the end of the week as global investors go offline for the holiday season. The EUR/USD continued to consolidate on Friday, with the exchange rate bouncing along the 200-Day moving average at 1.3089, and the euro-dollar is likely to stay flat throughout the remainder of the day as price action holds within the previous day’s range. However, as Fitch cuts Portugal’s credit rating to A+ from AA-, the single-currency could face additional headwinds...

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