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Slight Declines For The Euro

Published 11/02/2015, 08:53
EUR/USD
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GBP/USD
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USD/JPY
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AUD/USD
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EUR/USD:
The euro fell against the US currency due to the absence of influential economic data and as all investors await the finance ministers’ meeting in Brussels in the presence of Greek finance minister to discuss the developments of the Greek crisis.
The pair trades between the price 1.13237 and the price 1.13180
EURUSD Support and Resistance points
R1 1.13394 S1 1.12841
R2 1.13565 S2 1.12669
R3 1.13842 S3 1.12392
Pivot Point: 1.13117

GBP/USD:
The British pound traded higher against the U.S. dollar despite the decline in British industrial production data during the month of December to -0.2%. But the pound was supported by the manufacturing production data released higher-than- expected at a level of 2.4% (vs. expected 2.0%).
The pair trades between the price 1.52132 and the price 1.52576
GBPUSD Support and Resistance points
R1 1.52731 S1 1.52124
R2 1.52917 S2 1.51937
R3 1.53221 S3 1.51634
Pivot Point: 1.52427


USD/JPY:
The Japanese yen fell against the US dollar during yesterday’s trading session, due to profit-taking by investors and the absence of economic data from the Japanese side.
The pair trades between 118.586 and 119.354
USDJPY Support and Resistance points
R1 119.585 S1 118.653
R2 119.873 S2 118.365
R3 120.339 S3 117.899
Pivot Point: 119.119

AUD/USD:
The Australian dollar fell against the US dollar yesterday due to the negative data from the Chinese side, the first trade partner of Australia. The Australian currency fell despite positive data regarding consumer confidence.
The pair trades between the price 0.77942 and the price 0.77842
AUDUSD Support and Resistance points
R1 0.78259 S1 0.77541
R2 0.78481 S2 0.77318
R3 0.78841 S3 0.76959
Pivot Point: 0.77991

GOLD:
Gold prices rose at the opening of yesterday’s trading session, as traders closely watch the talks between Greece and the European Union. However, it fell towards the end of the trading session due to rumors in the market regarding a proposal for a compromise by the Greek Finance Minister. In addition, the strong dollar, supported by the release of strong jobs data, also weighed on gold prices.
The gold trades between the prices of 1238 and 1233.
GOLD Support and Resistance points
R1 1242.3 S1 1230.9
R2 1245.9 S2 1227.4
R3 1251.6 S3 1221.7
Pivot Point: 1236.6

OIL:
Oil declined further on Tuesday, after a wave of gains. The International Energy Agency said that the United States will remain the largest source of growth of oil supply in the world until 2020.
Oil trades between 52.49 and 50.74.
OIL Support and Resistance points
R1 51.07 S1 50.02
R2 52.76 S2 49.37
R3 53.81 S3 48.33
Pivot Point: 51.07

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