You are currently browsing the SereneLoi.com weblog archives for the day Thursday, November 26th, 2009.

Market Brief – 26Nov – Asian

Rumours Of SNB Intervention To Weaken CHF, And Rising Concerns On Strength Of JPY
Final confirmation of the break out in currency ranges came late in the US session yesterday; as EURUSD ensured a daily close through the key 1.5100 technical level, after a quick thrust through final resistance triggered stops all the way up to [...]

A report on India may buy more GOLD fr IMF thrust prices to new high. In addition to the 200-tonnes bought earlier. GOLD now at US$1,193.45.

+VE economic data help stk make way higher. However, buyers lack potency to push thru resistance near 09 highs as low vol. ahead of holiday.

Market Brief – 25Nov – US

Dollar Selling Triggers A Tentative Break-Out From Recent Ranges
Renewed confidence in USD-selling on the back of last night’s FOMC Minutes and buoyant equity markets has finally pushed the USD down through major supports that have defined currency ranges for the past couple of weeks. EURUSD traded steadily higher through 1.5000 this morning before finally breaching [...]