EUR appreciates to 15-month high

Wednesday, 20 April 2011 03:26

European currency peaks to over a year high price against the Greenback.

Aussie going strong

Wednesday, 20 April 2011 12:07

Australia hits a new 29-year against the U.S Dollar trading in the forex market at 1.0599. Aussie rose from a low of 1.0442 to spike another high price of almost 3 decades, the previous high was 1.0577.

Australian export prices hopped 5.2% in the first quarter.

Gold steady today after yesterdays highs.

Tuesday, 19 April 2011 02:23

Gold hovered around the 1,500 level after hitting new highs yesterday off the back of the S & P downgrade of the US. The 14 day RSI rose to 71.204, above the level of 70 that most believe as a sign that prices are ready to retreat.

USD slips against JPY

Tuesday, 19 April 2011 01:23

The U.S dollar is edging lower against the Japanese currency in the forex market trade. USD slipped against JPY to 82.20, and is currently trading at 82.54. The US was warned that their current AAA rating by Standard & Poors is in danger of being downgraded; unless the deficit problem is being dealt with.

Yen climbs against the Euro and $

Tuesday, 19 April 2011 10:48

The yen climbed for a fourth day versus both the euro and dollar, the yen climbed to 116.48 which was the strongest since March 30. Japan’s currency rose 0.3 % to 82.44 against the greenback.