Ikon forex EUR/USD fell down sharply from the highest point of this trading session

#1
Ikon forex Forex price of AUD/USD went below 1.000

Affected by the appreciation action in China, the forex price of AUD/USD slumped to below 1.000 in the market.

Early in the Asia forex market on Monday (December 27), the forex price of AUD/USD slightly opened low and then it went down sharply, the lowest point it had reached was at 1.9984.

Last Saturday (December 25) China claimed to take appreciation action by increase the interest rate by 25 basis points, affected by this the forex price of AUD/USD fell down to above the fair price level.

Some forex analyst pointed out the key support point for the forex price of AUD/USD at bottom would be at 0.9980 level, once it broke that level this forex price would be expected to went down to 0.9900. However, due to the continuous affection of the holidays at the end of the forex market, the forex price of AUD/USD was expected to slump sharply.

The forex price of AUD/USD was at 0.9986/90 at 08:27 Beijing time.

Edited by Laura in Ikon Group
 
#3
Ikon forex Gold production in Russia from January to November went down by 2.2 perce

According to the latest data released on Tuesday (December 28) of Russian Gold Industrialists Union the outcome of the gold production industry from January to November this year went down by 2.2 percent compared with the same time of last year.

The data indicated the general outcome of gold production from January to November in Russia was at 185.5 tons, and that of the same time of last year was 189.6 tons.

Gold mining production from January to November reduced by 1.4 percent to 161.9 tons, compared with the same time of last year.

Edited by Laura in Ikon Group.
 
#4
Ikon Forex USD/JPY refreshed new low point and would further go down

The forex price USD/JPY refreshed the lowest point for one and half month in the market, and a further slumping down space was open.

Early in the Asia forex market on Wednesday (December 29), the forex price of USD/JPY refreshed the lowest point for one and half month in the market at 81.80, and so far it went back to the trading range of 82.30-40.

The forex analyst pointed out the forex price had broken the supporting point at 82.30 in the previous night in the forex market, many forex investors chose to stop loss therefore this forex price fell to the lowest point for one and half months at 81.80. So far the further slumping down space for this forex price was opened, according to the daily chart that MACD and the random index was expected to be short, and if this forex price fell below the average line for 55 trading days in the forex market, later in the forex market it might slump to below 81.00.

This forex analyst also pointed out because of the forex trading at the end of the year was quite dim; the fluctuation in the forex market might be expanded. Sovereign debt crisis in Euro Zone and the position of the US FED on the quantitative easing policy was not quite sure, and all of these would become the advantage condition for another surging up of JPY in the market.

It is predicted that fluctuation range of the forex price of USD/JPY was at 81.50-83.00.

The forex price of USD/JPY was at 82.31/34 at 08:12 Beijing time.

Edited by Laura in Ikon Group.
 
#5
Ikon forex NZD/USD would confront more surging up space

A senior forex dealer Alex Sinton in ANZ said on Thursday (December 30) that due to the forex investors chose to made some adjustment at the end of this month on their positions and their trading in the stock market, there would be much more space for the forex price of NZD/USD to go up.

It is predicted that in the next 24 hours if this forex price broke the obstacle point of 0.7660, then more demand for NZD would occur in the forex market, but the possibility of this forex price to test 0.7734 would not be quite big.

The support point of the forex price of NZD/USD would be at 0.7587 in this trading session.

And the forex price of NZD/USD was reported to be at 0.7673/79 at 07:44 Beijing time.

Edited by Laura in Ikon Group.
 
#6
Ikon forex Hong Kong major gold future contract slumped by 0.44% early on Friday

Major gold future contract in Hong Kong gold exchange slightly closed low early in the forex market on Friday (December 31).

The highest point the forex price of Gold futures in Hong Kong which was due in March 2011 was at 1409.5 US dollars per ounce, and the lowest point it reached was at 1408.7 US dollars per ounce, compared with the previous trading session the close quotation was at 1415.7 US dollars per ounce, it went down by 6.2 US dollars, the slump amount was at 0.44 percent, the unclosed positions in the previous trading session was 0 hands.

The spot gold forex price got stabilized at below 1410 US dollars per ounce early in the Asia forex market, and in the previous trading session, the performance of the US economic basis information and the pressure it had got was not quite big, but the general trend of gold forex price in this year had already formed of strong performance. It is predicted that the annual surging amount of the gold forex price would be at 28 percent, and the annual trading line would achieve ten years of surging up in succession.

Gold future which was due in February in COMEX was opened at 1412.2 US dollars per ounce, and the trading range in this forex trading session would be at 1403.5-1415.4 US dollars, it was finally closed at 1405.9 US dollars.

Until 12:40 on Friday Beijing time, gold future contract in COMEX which was due in February surged up by 3.1 US dollars to 1409.0 US dollars per ounce, and the trading range in this forex trading session was at 1404.6-1409.9 US dollars per ounce.

Edited by Laura in Ikon Group.
 
P

preetksgill

Guest
#7
Re: Ikon forex Hong Kong major gold future contract slumped by 0.44% early on Friday

Gold goes from $274 to $1410, slides to $1408

wow what a fall !!!!!!!!

sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell
 
#8
Re: Ikon forex Hong Kong major gold future contract slumped by 0.44% early on Friday

....Until 12:40 on Friday Beijing time, gold future contract in COMEX which was due in February surged up by 3.1 US dollars to 1409.0 US dollars per ounce, and the trading range in this forex trading session was at 1404.6-1409.9 US dollars per ounce....
Gold Future Comex Feb 24 expiry seems destined for 1475 after breaking 1432.50.
 
#9
Ikon forex "AUD/USD fell to below 1.0200 and got an adjustment and stabilized"

After the forex price of AUD/USD reached the new high record for 28 years at 1.0255 in last week, it fell back to below 1.0200 on Monday (January 3), and got an adjustment and stabilized.

A forex dealer in Singapore said part of the forex investors chose to take benefit early in the Asia forex market on Monday, but the conclusion of the forex trading was quite dim.

In addition, the forex price of USD/EUR and USD/GBP as well as other high beneficial yield rate currencies all surged up and this dragged down the forex price of AUD/USD as well.

Some forex dealers predicted that the forex price of AUD/USD would be supported at 1.0160 in short term.

The forex rate of AUD/USD was reported at 1.0183/88 at 09:30 Beijing time.

Edited by Laura in Ikon Group.
 
#10
Ikon forex "AUD/USD is expected to surge up and might come back to above 1.0205"

A senior forex strategist Richard Ross in an oversea institution Auerbach Grayson said on Tuesday, technically speaking, the forex price of AUD/USD is expected to maintain the surging trend of 2010.

Ross claimed so far the general trend of the forex market is tent to be preferable and is going up, what it more the weak USD as well as strong performance of commodity prices all supported the forex price of AUD/USD to reach above 1.0200, which was the highest level since 1983.

Ross predicted that the forex price of AUD/USD might got back to above 1.0205 again and in the previous night in the New York forex trading session the highest point this forex price had reached was at 1.0211.

The forex price of AUD/USD was reported at 1.0155/58 at 07:48 Beijing time.

Edited by Laura in Ikon Group.
 

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