Euro enjoys another positive session.

Euro/USD: After a short period of consolidation around the opening levels of 1.2945 the Euro moved impressively higher and as the 1.2960 level was breached the market accelerated to a peak around 1.3000 where gains were once more digested. The European session finally closed at 1.2982

GBP/USD: With early GBP weakness being cushioned by support in the 1.6002 area the bulls took encouragement and values improved to challenge the 1.6049 region ahead of better resistance being encountered. The European day finally closed at 1.6020

Euro/JPY: The Euro struggled higher today and with early buying being uncovered at 10615 valued moved steadily towards the 10682 region before resistance was encountered. Book squaring towards the close saw the market finish around the 10640 area

GBP/Euro: The GBP gave up some ground against the Euro today and from an opening around the 1.2370 area values slipped southwards for the balance of the morning to challenge the 1.2323 zone. A little short covering in the afternoon saw the market finally close around 1.2340.

Euro recoups lost ground late in session.

Euro/USD: The Euro lost ground against the USD for most of the day and from an opening around 1.2938 values slipped to post a low of 1.2880 about mid afternoon. However, renewed buying interest was then stimulated and through to the close the market bounced impressively to finish the session at 1.2927.

GBP/USD: A quite volatile session saw early GBP weakness initially cushioned around 1.5995 but subsequent bounces quickly attracted renewed selling at 1.6018 and values fell away once more. Lows for the day were established at 1.5962 from where short covering caused yet a further bounce and the European session finally closed at 1.5996.

Euro/JPY: The Euro opened in the 10630 area from where values worked steadily lower for most of the day to challenge support in the 10528 area. However, a combination of bargain hunting and short covering caused a sharp bounce with European session finally closing in the 10589 region.

GBP/Euro: The GBP and Euro were evenly matched today and the market tracked sideways between the confines of 1.2406 and 1.2371 throughout the session. Prices finally closed in and around the 1.2379 region.

Volatile session sees Euro finally close a little better.

Euro/USD: A rather volatile and nervous session saw early Euro weakness uncover good buying interest in and around the 1/2661 area. This triggered a sharp rebound which took values to high of 1.2729 in the space of an hour although these gains proved unsustainable and the market swiftly returned to the 1.2671 area. Short covering also meant this fall was short lived and the European session finally came to a close around 1.2717.

GBP/USD: A very similar trading pattern to that of the Euro saw early GBP weakness cushioned by support in the 1.5857 area from where values recovered impressively to test the 1.5916 zone ahead of renewed resistance being uncovered. Profit taking then forced prices back down but only as far as 1.5869 before the buyers returned and the market finished the session around 1.5883.

Euro/JPY: A volatile session saw the USD swing sharply in both directions. After opening at 10114 values slipped away during the morning to test support in the 1033 zone before fresh buying interest was stimulated and values recovered lost ground in a short space of time to test 10125. Once again this proved unsustainable and values headed back down towards 10062 before finally closing in the 10102 region.

GBP/Euro: A day of two halves saw the GBP rally in the morning from an opening of 1.2491 to make a peak of 1.2549 before the bears then took control and forced the market lower during the afternoon. Support at 1.2498 came under fresh examination prior to finally closing in and around the 1.2502.

The Euro continues the short term recovery cycle

Euro/USD: The Euro continued its short term recovery phase today and after opening in the 1.2922 area values pushed persistently higher throughout the European session. Little real resistance was encountered until the 1.3012 zone with prices finishing only marginally beneath here in the 1.2993 region.
GBP/USD: With early GBP weakness uncovering enthusiastic buyers in the 1.6082 area the trend for the balance of the day was firmly up. Resistance finally re-emerged towards the close at 1.6172 before finally settling in and around the 1.6157 region.
Euro/JPY: The Euro continued its recovery phase today and after opening in the 10140 area the market worked steadily higher throughout the balance of the European session. Peaks were established mid afternoon at 10215 with values finally closing at 10192.
GBP/Euro: The GBP remained under downward pressure today and while initial weakness uncovered a little support in the 1.2439 area immediate bounces were quickly contained by resistance waiting at 1.2466 from where the downward cycle resumed. Lows for the session were established around 1.2419 prior to finally closing the day around 1.2435.