Reply #134: Closing numbers, blather and analysis [View All]

[TrogL]

Current values

http://quotes.ino.com/exchanges/?r=CME_CD)

Market            Open   High    Low   Last  Change    Pct 
CD.Y$$ Cash     0.9983 0.9989 0.9955 0.9985 +0.0009 +0.09% 
CD.U08 Sep 2008 0.9979 0.9979 0.9945 0.9978 +0.0010 +0.10% 
CD.Z08 Dec 2008 0.9800 0.9800 0.9800 0.9972 +0.0011 +0.11% 
CD.H09 Mar 2009 0.9757 0.9757        0.9967 +0.0011 +0.11% 
CD.M09 Jun 2009 0.9880 0.9880 0.9880 0.9961 +0.0011 +0.11% 
CD.U09 Sep 2009 0.9865 0.9865 0.9865 0.9957 +0.0011 +0.11% 
CD.Z09 Dec 2009 0.9845 0.9845 0.9845 0.9953 +0.0011 +0.11%  

Blather - the easy-to-read guy's on tonight so I posted the whole thing

The September Euro currency closed down 58 points at 1.5765 today. Prices closed near the session low on profit-taking pressure. Euro bulls still have the solid near-term technical advantage.

The September Japanese yen closed steady at .9554 today. Prices closed near the session low after hitting a fresh six-week high early on today. The bulls have gained some upside near-term technical momentum, but need to show some follow-through strength very soon.

The September Swiss franc closed down 42 points at .9832 today. Prices closed nearer the session low. Bulls still have the slight near-term technical advantage.

The September Canadian dollar closed up 3 points at .9971 today. Prices closed near mid-range today. Bulls have the near-term technical advantage. Bulls' next upside price objective is producing a close above solid chart resistance at this week's high of 1.0018.

The September British pound closed down 32 points at 1.9894 today. Prices closed nearer the session low today on profit taking from recent gains. Bulls have the near-term technical advantage.

The September U.S. dollar index closed up 21 points at 72.34 today. Prices closed nearer the session high today on short covering in a bear market. Bears still have the overall near-term technical advantage.

Analysis

Well isn't THAT interesting - the loonie gained against pretty much everything. He's claiming the pound and Euro's fall on "profit taking" so we'll have to see what happens tomorrow. If what I've been reading about the European economic zone's economy vs. UK vs. Canada plays out, I predict some contrary movement, which I'm not sure would be good for the Canadian economy right now other than Canadian tourists' pocketbooks.