Euro Stronger As Stocks Rebound

In today’s trading exchange rate seems the European single currency, the euro, has increased against the U.S. dollar (28.05). The euro has increased for two consecutive days against the U.S. dollar amid speculation that investors will begin to re-buy these currencies while global stock markets began to rebound.

During the past six months the euro exchange rate against the U.S. dollar has decreased. This day appeared euro moved higher after the stock exchanges in Asia have increased.

Euro has increased and is now observed in the position of 1.2404 dollars. This European single currency touched the highest daily position at 1.2499 dollars, which would become the highest position in four days.

Euro exchange rate has decreased by 6.1% in the month of May. Euro leads to the biggest monthly decline since April last year 2000. Meanwhile, in the year 2010 exchange rate of euro against U.S. dollar has recorded a decline of 7.5%.

Movement of the euro in today’s trading will likely increase. Apparently the euro has the potential to test the resistance level of 1.2500 dollars as his.

Yen still Moves Sideways, Japan Back Increases Exports

In currency trading the Asian session today (27-05), the Yen looks slightly weaker against the U.S. Dollar. Pair USD/JPY is currently engaged in the range of 90.05.

This morning has just released the Japanese trade balance data for the period April 2010 which recorded a surplus of about 730 billion yen, higher than previous estimates of 690 billion yen.Japanese exports reportedly increased during five consecutive months.

Japan’s economic recovery continues to be encouraged by the growing exports improved. Noted Japanese exports in the month of April 2010 increased by 40.4% compared with same period last year and increased by approximately 2.3% compared with exports in the month of March 2010. Both technical USD / JPY is still finding strong support at around 89.00 to 88.00 today, although Japan still require a weak yen, debt crisis in Europe create a safe haven asset is difficult to weaken.

USD / JPY rose to the level of opportunity through resistance at 91.15 if the 90.60 level. Weakening U.S. Dollar against Yen can occur if the past level of support at the 89.00 level to 88.00.

Euro Weakens, Debt Crisis Continue Transmitted Greece

There was the Asian currency trading session today (25-05), look euro currency weakened against the U.S. Dollar. Pair EUR / USD is currently engaged in the range of 1.2290.

Currently, the Greek debt crisis seems to continue to show signs of contagion to other EU countries. The IMF said that banks in Spain continue to stay in Spain and Bank of pressure should be ready to intervene if the situation continues to deteriorate.

Spain reported its biggest government must cut spending since the last three decades in an effort to cut its budget deficit. Both technical, Euro remains bearish, while this seems low chance of re-test last week at the range of 1.2100.

The EUR / USD likely to weaken to a level of support in 1.2145 if passed 1.2265 level. The strengthening euro may occur if the past level of resistance at 1.2460 to the 1.2585 level.

Aaustralian Dollar Weakens, Still Surrounded Various Negative Sentiment

In currency trading the Asian session today (24-05), seen the AUD currency weakened against the U.S. Dollar. Pair AUD / USD is currently engaged in the range of 0.8224.

Currently, the Commodities currencies like the AUD is experiencing a high enough pressure.Prices of commodities such as crude oil continues to slump join AUD drag, coupled with the debt crisis that still surrounds the euro zone will create high-yielding currencies like the AUD less attractive at this time.

This week, Australia’s economic data was fairly quiet, so that tends to follow global sentiment. AUD expected still more likely continue to weaken, let alone the prospect of the RBA rate hike next month pretty grim. The technical, the AUD is still bearish, while this support is in the range 0.8000.

AUD / USD likely to weaken to a level of 0.8110 if the past level of support at 0.8180. AUD reinforcement can occur when passing resistance at the level of 0.8345 to 0.8410 level.

Euro Strengthened, Rebound After last long enough in oversold zone

In currency trading the Asian session today (21-05), look euro currency weakened against the U.S. Dollar. Pair EUR / USD is currently engaged in the range of 1.2590.

Global sentiment towards the problem of debt crisis in the euro zone remained negative, where the Germans who did the ban on short selling recently assessed as a step that reflects the seriousness of the threat of crisis in Europe. Today reported that the EU might come back to discuss taking further steps in overcoming the crisis.

The technical, Euro remains visible in the bearish trend, strengthening that occurred a few days is quite reasonable considering the Euro has been in oversold zone in a relatively long time. It is estimated that while the euro is likely to test resistance in the range of 1.2600 to 1.2800 before determining whether the bearish trend will continue or not.

EUR / USD rose to a level of 1.3000 likely if past the 1.2880 resistance level.Euro weakening can occur if the past level of support at 1.2440 to the 1.2330 level.