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| | Demo|Live|Free Practice  Daily Newsletter: 30/06/2009
By Loic Bondiguel - ACM Advanced Currency Markets, Geneva, Switzerland | | | | Risk appetite creeps back into markets | News and Events: The yen slipped across the board on Monday due to higher oil price, gains in share prices and a better-than-expected sentiment in the euro-zone which boosted hopes of a global recovery, helping investor risk appetite. Investors feel more confident and risky assets are bid again.
The EUR carried on the trend set in London with continued buying versus the USD, consolidating on the 1.41 level before breaking higher over NY closing bell. Market was pretty quiet with most people having one eye on Madoff's sentencing.
Equity markets were higher across the board, especially from the Banking and Housing sectors, though US markets made only modest gains despite solid upswings across Europe.
The Far East began with continued GBPUSD buying filling stops through above the 1.6605/25 Band. This continued through out the session. EURGBP month end demand expected later today.
EUR/USD continued to push higher testing last weeks high of 1.4138, triggering many orders around 1.4130. These will not stop EUR rally just merely holds it up for the time being.
USD was a touch lower overnight as investors braved thinning markets to push the risk rally even further. Equity indices in Asia-Pacific followed their European and US counterparts but volumes are light in general as summer trading patterns take hold. The VIX index has now fallen back to levels last seen prior to the events of September 2008.  Read Today's Key Issues and The Risk Today
| Resistance and Support: | EURUSD | GBPUSD | USDJPY | USDCHF | | 1.4270 | 1.6845 | 97.90 | 1.1025 | | 1.4180 | 1.6790 | 97.20 | 1.0955 | | 1.4130 | 1.6750 | 96.35 | 1.0910 | | 1.4083 | 1.6616 | 95.40 | 1.0825 | | 1.3984 | 1.6545 | 94.40 | 1.0710 | | 1.3889 | 1.6505 | 93.85 | 1.0675 | | 1.3827 | 1.6425 | 92.60 | 1.0630 | | S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot | | Quick access to our 5 previous newsletters: |
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