(RTTNews) – The European single currency plunged further against the Australian dollar in New York mid-day trading on Wednesday. The euro that closed yesterday’s New York session at 1.5269 versus the Aussie, dropped to a fresh multi-year low of 1.5135 by about 11:40 am ET.
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Euro Plunges To Fresh Multi-year Low Versus Aussie (INO News)
Forex futures and options markets have aggressively bet on a US Dollar recovery against the Euro and other key counterparts, leaving scope for a short-term correction in the context of a broader Greenback recovery.
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US Dollar to Decline on Extreme Forex Positioning (Daily FX via Yahoo! Finance)
The NZDUSD has exceeded 7031, which leaves the rally as a complex advance. Resistance should be strong near 7123/56. I maintain that the larger trend has turned down.
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New Zealand Dollar / US Dollar 02-17 (Daily FX via Yahoo! Finance)
Summary: This session will provide the foundation for the trading tactics discussed in session two. This session will present supply and demand theory as it relates to support and resistance, and demonstrate several support and resistance setups I prefer to trade in the currency market.
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MONTHLY WEBINAR: Discretionary Trading with Support and Resistance – Part I (The Forex Market)
Forex daily technical analysis – February 17
Japanese Vice Finance Minister Naoki Minezaki said the nation should impose a tax on financial transactions to curb market volatility that could threaten economic growth.
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Japan Should Impose Taxes on Financial Trading, Minezaki Says (BusinessWeek)
Feb. 17 (Bloomberg) — The following events and economic reports may influence trading in eastern European bonds and currencies today.
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Poland, Russia, Serbia: Eastern Europe Bond, Currency Preview (Bloomberg)
Feb. 17 (Bloomberg) — The following events and economic reports may influence trading in sub-Saharan African bonds and currencies today. Bond yields and exchange rates are from the previous session.
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Angola, South Africa, Uganda: Sub-Sahara Bond, Currency Preview (Bloomberg)
Feb. 17 (Bloomberg) — The following events and economic reports may influence trading in Latin American local bonds and currencies today.
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Argentina and Peru: Latin America Bond and Currency Preview (Bloomberg)
(RTTNews) – Wednesday morning in Asia, the Australian dollar showed mixed trading against its major counterparts.
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Aussie Shows Mixed Trading Against Majors (INO News)
