Quantitative Index Futures Analytics

August 28, 2006

EURUSD update

Filed under: EURUSD — Quant Trader @ 10:07 am
Pair    High    Low      Last   Change Range  %Chg  Vty
EURUSD 12821   12792    12794     31     29    0.24  0.23
Market Commentary :
Since 0600 ET we have traded to a daily high of 12821 and has recently slipped below 12800. The absence of UK trading input today has been a definite factor and with no US data their is no reason for an  upside momentum to develop.
GER consumer confidence and fedspeak in the US as well as FOMC minutes later in the day should lead to more interesting market tomorrow. Remember too it is all a ramp up to the US NFP and employment report Friday am.

URUSD    Projected Support and Resistance  Levels
S1 12789   S2  12784   S3  12779   S4  12773
R1 12803   R2  12813   R3  12822   R4  12831
Prj Low        12739       Prj High    12843

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