Risk Appetite Rise Back Gradually

Daily Forex Fundamentals | Written by Crown Forex | Sep 18 08 15:05 GMT |

Majors continued to strengthen against the U.S. dollar as the joint effort by central banks to provide more money to financial markets helped restore some of the investors' confidence in the financial markets, yet as the U.S. stocks also rose the dollar started to erase some of its losses acquired early in the morning. The Euro was trading within a limited range in the morning to set a low of 1.4277 then rose to set a high of 1.4540 but couldn't stay above the 1.4450 levels to trade now at 1.4360s. The Pound is almost settled against the U.S. dollar as the pair is now trading around its opening levels early in the Asian session, recording for today a high of 1.8276 and a low of 1.8090 just above the support at 1.8080 which continues to support the upside wave. The U.S. dollar was able to gain back against the Japanese Yen after investors were somehow encouraged into buying higher yielding assets against the Yen, the pair recorded a high of 105.56 and a low of 104.12, and was bale to breach the 38.2% correctional level at 105.04 to the upside. Crown Forex disclaimer:The above may contain information for investors/traders and is not a recommendation to buy or sell currencies, gold, silver & energies, nor an offer to buy or sell currencies, gold, silver & energies. The information provided is obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. I am not liable for any losses or damages, monetary or otherwise that result. I recommend that anyone trading currencies, gold, silver & energies should do so with caution and consult with a broker before doing so. Prior performance may not be indicative of future performance. Currencies, gold, silver &energies presented should be considered speculative with a high degree of volatility and risk.