For the past five trading sessions, the GBP/USD currency pair has been trying to rebound upwards, but its gains have been capped at 1.2793 before settling around the 1.2760 level at the beginning of trading on Tuesday.
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The USD/MXN this morning is testing the key 19.00000 ratio.
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As of this writing the USD/ZAR exchange rate is near the 18.21500 ratio with healthy trading being demonstrated.
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It’s easy to see that the Australian equities market still has to deal with the idea of external factors.
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The first thing I see is that the 50-Day EMA has been a bit of a barrier that the market is struggling to get above.
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The US dollar rallied slightly during the early hours on Monday as it looks like we are trying to break above the 19 MXN level.
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I noticed that we continue to hang around the 84 Rupee level.
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In my daily analysis of the DAX, the first thing I bring to the forefront and your attention will be the fact that we are remaining somewhat sideways after an initial bump to break above the 200 day EMA.
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In my daily analysis of the Euro against the Swiss Franc, it's obvious that we have seen a lot of noisy behavior and upward pressure as we are trying to break above the 0.95 level.
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In my daily analysis of the British pound against the Canadian dollar, the first thing I see is that we have broken above the 50-day EMA.
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The US dollar has rallied quite nicely against the Swiss franc.
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In my daily analysis of the US dollar against the Canadian dollar, it's obvious that we have seen a certain amount of stability over the last couple of trading sessions and this makes a certain amount of sense considering we are hanging around the 50 day EMA.
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The Swiss franc has shown itself to be very noisy over the last couple of days against the Japanese yen and I find that very interesting considering that the market is likely to continue seeing a lot of noise.
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The GBP/USD exchange rate was in a tight range on Tuesday morning ahead of a series of important economic data from the UK and the US.
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The euro wavered against the US dollar as traders focused on the upcoming US and European economic numbers.
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