Friday, 25 November 2011

forex

Asian markets close lower; Nikkei down

Asian stocks were down after the closing bell on Friday.

At the close of Asian trade, Japan’s Nikkei 225 index fell 0.06%, Australia’s S&P/ASX 200 index shed 1.48%, while Hong Kong’s Hang Seng Index was trading 1.13% down.

Earlier in the day, official data showed that Tokyo’s core consumer price inflation fell unexpectedly to at annualized rate of -0.5% last month from -0.4% in the preceding month.

Analysts had expected Tokyo’s core CPI to rise to -0.3% last month.

Meanwhile, the outlook for U.S. equity markets was downbeat. Dow Jones Industrial Average futures indicated a loss of 0.29%, S&P 500 futures pointed to a decrease of 0.35% and Nasdaq 100 futures indicated a fall of 0.53%.

USD/CHF up during the European session

The U.S. Dollar was higher against the Swiss Franc on Friday.

USD/CHF was trading at 0.9262, up 0.73% at time of writing.

The pair was likely to find support at 0.9108, Tuesday’s low, and resistance at 0.9269, today’s high.

Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.80% to hit 1.3241 and USD/JPY rising 0.45% to hit 77.46

EUR/GBP down during the European session

The Euro was lower against the British Pound on Friday.

EUR/GBP was trading at 0.8556, down 0.67% at time of writing.

The pair was likely to find support at 0.8546, today’s low, and resistance at 0.8665, Tuesday’s high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.90% to hit 1.3228 and EUR/JPY falling 0.36% to hit 102.55.

EUR/CHF up in European trade

- The Euro was higher against the Swiss Franc on Friday.

EUR/CHF was trading at 1.2312, up 0.32% at time of writing.

The pair was likely to find support at 1.2251, today’s low, and resistance at 1.2415, Monday’s high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.73% to hit 1.3251 and EUR/JPY falling 0.08% to hit 102.85.

NZD/USD up during the European session

The New Zealand Dollar was higher against the U.S. Dollar on Friday.

NZD/USD was trading at 0.7416, up 0.01% at time of writing.

The pair was likely to find support at 0.7371, today’s low, and resistance at 0.7572, Monday’s high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.001% to hit 1.3127 and EUR/NZD falling 0.64% to hit 1.7885.