http://www.forex.com/uk/post?SDN=a049fe30-0ab1-4fee-9c00-ffdfb543242d&Pa=20db1fa6-e674-420c-9a87-2ee29261d638
The last trading day of 2010 in Asia turned out to be a very quiet one with no real news or data and the US Dollar remaining hobbled against its counterparts. With Japan closed until Tuesday it seems that the New Year festivities may have begun early across Asia as the currency markets suffered from very thinned trading conditions due to lack of participation. Despite the stagnation of the markets, currencies were leaning against the dollar, with the EUR/USD moving about 25 pips to highs just over 1.3310 and GBP/USD reaching 1.5460 briefly. In the USD/JPY the holiday was clearly evident in the pairs 12 pip range for the session.
The biggest currency move of the session was seen in the Swiss Franc, which continued to strengthen to record levels against the greenback. USD/CHF saw 0.9340 in early trade, but profit takers pushed the pair back through 0.9390 as positions were squared. With the firmer Euro and subsequent selling of the Swiss against the dollar, EUR/CHF saw a healthy move from 1.2420 through 1.2485 highs on the day. The Swiss Franc has garnered a good deal of attention lately as the only safe haven currency to also enjoy a good deal of economic stability on the home front, thus the record gains we have seen of late.
With the closing of the 2010 trade books, I would like to wish my readers health, happiness and prosperity for 2010……
The biggest currency move of the session was seen in the Swiss Franc, which continued to strengthen to record levels against the greenback. USD/CHF saw 0.9340 in early trade, but profit takers pushed the pair back through 0.9390 as positions were squared. With the firmer Euro and subsequent selling of the Swiss against the dollar, EUR/CHF saw a healthy move from 1.2420 through 1.2485 highs on the day. The Swiss Franc has garnered a good deal of attention lately as the only safe haven currency to also enjoy a good deal of economic stability on the home front, thus the record gains we have seen of late.
With the closing of the 2010 trade books, I would like to wish my readers health, happiness and prosperity for 2010……
Disclaimer: The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.
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