Archive for August, 2009

1 South African Rand = 11.33523 Jamaican Dollar

1 South African Rand = 1.39918 Estonian Kroon

1 South African Rand = 0.04816 Bahraini Dinar

1 South African Rand = 0.25616 Barbadian Dollar

This is article is released weekdays under the heading "Daily Fundamentals" at 5pm EST on www.dailyfx.com- British Pound Fails at 1.66 as UK Rate Expectations Slip Lower - Euro Makes Headway as German Services, French Manufacturing Sectors Expand in AugustUS Dollar, Japanese Yen Dive as Bernanke Comments, Home Sales Boost Optimism for Global Recovery The US dollar and Japanese yen were hit hard, once again, by increased risk appetite following the release of optimistic comments by Federal Reserve Chairman Ben Bernanke and better-than-expected of US housing data.

EURUSD still stays positive, at the moment it is creating a box which is between support at 1.4219 and resistance at 1.4262.

FX Blog- Market Snapshot- Europe Mid-session for 21 August 2009

The estimated test of key supports for the implementation of pre-planned buying positions has not been confirmed and preservation of minimal priority of bearish activity according OsMA indicator version keeps trading plans made before almost intact.

The pre-planned break-out variant for sales has not been implemented and at the moment considering current bearish activity cycle with a sign of its relative growth it is recommended to keep sales priorities with the targets of 93,00/20

The estimated test of key resistance range levels for the implementation of pre-planned short positions has not exactly been confirmed and activity fall of both parties marked by OsMA