Monday, March 21, 2011

EUR/USD 1,4166

In a quiet Asian session, most pairs have consolidated near their NY closing levels after the big moves seen last Friday. However, the US dollar continues to be under pressure with Japan markets closed due to a national holiday, while engineers restored electricity to three reactors at the crippled Fukushima, easing concerns of a nuclear crisis.

Asian stocks gained for second day in a row and oil climbed after the military coalition launched air strikes in Libya.

EUR/USD moved higher during the interbank trade and reached a fresh yearly peak at 1.4194 before settling around 1.4170 where the pair has spent most of the Asian session.

The Australian dollar rallied over 60 pips against the Greenback on Monday, breaking above parity and reaching the highest price in 4 days at 1.0020, static resistance area. NZD/USD advanced 0.46% toward the 0.7340 area.

Other majors remained steady: USD/JPY has spent most of the session into a 30-pip range below 81.00, while GBP/USD retreated slightly and currently is trading at 1.6210 after opening around 1.6230. USD/CHF quotes somewhat higher at the 0.9050 region.

source: fxstreet.com

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30 comments:

  1. Every DayMarch 21, 2011 at 5:14 AM

    personally I don't mind USD going down, cause then I can actually afford games. :)

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  2. Astronomy PirateMarch 21, 2011 at 5:54 AM

    I have a feeling we are going to see a steady climb in oil until summer hits. By the time it hits $5 USD, people probably will start to stop buying it. I know I am only putting in half a tank now, not even a full one.

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  3. TyrMarch 21, 2011 at 6:07 AM

    What should I do now, buy euros or buy dollars?
    What do you think about gold, silver and platinum?

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  4. AnonymousMarch 21, 2011 at 6:30 AM

    Hrm I wonder how this'll turn out.

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  5. PvtCarlinMarch 21, 2011 at 6:38 AM

    Thanks for the heads up.

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  6. UnknownMarch 21, 2011 at 7:48 AM

    Interesting post, thanks for posting.

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  7. TielknightMarch 21, 2011 at 8:21 AM

    The dollar has been dying ever since Federal Reserve was introduced, it's only a matter of time.

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  8. MoodyMarch 21, 2011 at 8:22 AM

    I've been investing my money in gold the past few months, these currency values are just too spikey at the moment.

    Following, your posts seem interesting!

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  9. obiMarch 21, 2011 at 8:42 AM

    will the aus fall?

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  10. MerlyyMarch 21, 2011 at 8:50 AM

    Awesome blog!
    Followed

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  11. SpikeMarch 21, 2011 at 9:26 AM

    thanks again

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  12. PenDRaGoNMarch 21, 2011 at 11:31 AM

    loke a novella

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  13. Fix PC Games AdminMarch 21, 2011 at 11:43 AM

    euro is the answer for all

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  14. metaphysicalfarmsMarch 21, 2011 at 12:02 PM

    I don't get it... we go to war and the stock market soars!

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  15. MoobeatMarch 21, 2011 at 12:12 PM

    @Jerhanus

    not sure

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  16. elexerdelexMarch 21, 2011 at 12:35 PM

    :) I have nothing to complain about :D

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  17. Mike LitorisMarch 21, 2011 at 12:56 PM

    great post. looking forward to reading your next one

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  18. AnonymousMarch 21, 2011 at 1:39 PM

    I'm surprised Asia is so quiet considering all that's going on.

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  19. nooneMarch 21, 2011 at 1:48 PM

    Hope it keeps going up!!

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  20. KhorneMarch 21, 2011 at 2:12 PM

    nice.

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  21. ChuckMarch 21, 2011 at 5:29 PM

    $5/Gallon! Poor you! We're at £1.33 per litre here in the UK, which works out as around $8.20/Gallon! A third of my wage currently goes into paying fuel costs. I hate it.

    Annoying thing is we drill oil just off the coast, but dont use it. We sell it to other countries instead. They refine it, stick a 'you got served' sticker on it and sell it back to us at 10x the cost!

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  22. PrototapeMarch 21, 2011 at 6:01 PM

    I'm feeling the oil price one. $100 for a full tank. I love my truck but I think I'm leaning towards a car when I can afford it.

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  23. edMarch 21, 2011 at 7:39 PM

    some serious stuff going on in libya

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  24. CandleintheDarkMarch 21, 2011 at 7:55 PM

    Good summary as always!

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  25. Electric AddictMarch 21, 2011 at 8:55 PM

    interesting info thanks

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  26. skinned sheepMarch 21, 2011 at 10:35 PM

    interesting. thank you.

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  27. BrockMarch 21, 2011 at 10:59 PM

    I think there's a lot of stocks in the japan market that are undervalued right now. It'll be interesting to see how this turns out long term.

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  28. MiguelMarch 22, 2011 at 12:11 AM

    Tyr, I think that Euros is a better option...

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  29. UnknownMarch 22, 2011 at 6:49 AM

    i hope good for us europeans

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  30. LanthirMarch 22, 2011 at 2:55 PM

    I wonder how well the Yen is going to fair after the disaster in Japan as well..

    ReplyDelete

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