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Ikon forex “EUR/USD rose to 1.3220 early in the forex market for hedge emotions”

 

Early in the Asia forex market on Thursday (December 30), the forex price of EUR/USD rose up to around 1.3220, and in the previous night in the New York trading session, this forex price went back to the support point because of the rising hedge emotions in the market.

 

Forex strategist Mike Jones in BNZ said even though the forex price of EUR/USD went up high, but the cross trading would still be limited. The forex price might get some great pressure from the benefit taking of the forex investors in this trading session.

 

Jones pointed out it is commonly predicted in the forex market that the forex price of EUR/USD would fell down because of the sovereign debt crisis in EU in the year 2011. He thought the support point at bottom for the forex price of EUR/USD would be at 1.3120, and the obstacle point on top would be at 1.3275.

 

The forex price of EUR/USD was reported to be at 1.3223/25 at 07:26 Beijing time.

 

Edited by Laura in Ikon Group.

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Ikon forex "AUD/USD is expected to surge up and might come back to above 1.0205"

 

A senior forex strategist Richard Ross in an oversea institution Auerbach Grayson said on Tuesday, technically speaking, the forex price of AUD/USD is expected to maintain the surging trend of 2010.

 

Ross claimed so far the general trend of the forex market is tent to be preferable and is going up, what it more the weak USD as well as strong performance of commodity prices all supported the forex price of AUD/USD to reach above 1.0200, which was the highest level since 1983.

 

Ross predicted that the forex price of AUD/USD might got back to above 1.0205 again and in the previous night in the New York forex trading session the highest point this forex price had reached was at 1.0211.

 

The forex price of AUD/USD was reported at 1.0155/58 at 07:48 Beijing time.

 

Edited by Laura in Ikon Group.