Euro
The euro moved marginally lower vis-a-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3925 level and was capped around the $1.4025 level. Liquidity was light ahead of the long Independence Day holiday weekend. The European Central Bank voted yesterday to keep monetary policy unchanged [full report]
Forex News and Events:
The dollar rose against major currencies yesterday after bleak U.S. jobs data renewed concerns about the economy and enhanced the greenback's safe-haven appeal. The Euro was down 1.1 percent at $1.4002, retreating from $1.4201 hit on Wednesday, its highest level since early June. Adding to pressure on [full report]
EUR/USD is trading very little changed from its US close. The move back into USDs that was prompted by the disappointing US payrolls data was extended into Asian hours initially. However, EUR buyers emerged below 1.3950 pushing the EUR moderately higher and back to the 1.4000 level. Final Eurozone June [full report]
USD/JPY 95.95 - 3 July
USD/JPY Open 95.95 High 96.87 Low 95.71 Close 95.92Dollar/Yen made a downward movement on Thursday. The currency couple made a peak at 96.87, than dropped to 95.76 bottom, closing the day at 95.92. On the 1 hour chart is seen that the currency couple moves around [full report]
boosting demand for the relative safety of the American currency
EUR/USD
USD/JPY
GBP/USD
USD/CHF
Resistance
1.42001.41551.4030
97.2097.0096.55
1.65451.65001.6430
1.10301.10201.0915
Support
1.39801.39301.3890
95.3594.9094.45
1.63251.62101.6185
1.07801.06901.0635
The greenback headed for a gain against the euro as rising unemployment in the U.S. and Europe added to speculation that the global recession will be longer than thought, boosting demand for the relative safety of the American currency. The British [full report]
EUR/USDUSD/JPYGBP/USDEUR/USDEUR/USD
July 3, 2009Current level-1.4010EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected [full report]
GBP/USD 1.6344 - 3 July
GBP/USD Open 1.6342 High 1.6500 Low 1.6327 Close 1.6392Pound/Dollar made a descending movement on Thursday. The Cable reached a bottom at 1.6327, and close the day at 1.6392. On the 1 hour chart is seen that after failing to hold above the key 1.6660 resistance, the [full report]
CHFThe pre-planned break-out variant for long positions has been implemented but with damage to achievement of anticipated targets. OsMA trend indicator having marked indefiniteness of bullish activity at break of key resistance range levels does not clarify the choice of planning priorities for today. Hence and considering chosen strategy case [full report]
- The US morning saw a limited range of price action due to the Independence Day holiday. The EUR/USD consolidated around the 1.4000 level. - The CHF did see a bit more action as the SNB reportedly 'check rates' to remind the market of its intent to maintain a soft [full report]
Previous session overview
The USD has a quiet overnight session and as could be expected volumes were exceptionally light. The markets are closed in the US today for the independence holiday and the only FX market active is the European market which will be closing shortly ending the week.
The U.S. Labor [full report]
Today trading is very thin due to lack of fundamentals from the U.S. due to the Independence Day holiday. Majors are now steady against the U.S. dollar that is at the same level of yesterday's closing, according to the dollar index which is now at 80.29. The impact of the [full report]
Trading conditions will be subdued on Friday with US markets closed for a holiday. There will be the risk of erratic trading, although the more likely outcome is that narrow ranges will prevail. Risk appetite is liable to be slightly weaker following the US payroll report and this could trigger [full report]
USD-CHF @ 1.0874/77...Ranged R: 1.0900 / 1.0988 / 1.1025S: 1.0848 / 1.0817-0800 / 1.0749Dollar-Swiss has once again risen towards 1.09 during the day and has come off a little since then. It is likely to continue trading in a range as during the US session, trading is likely to be [full report]
Euro-Zone PMI services suggest a stall in confidence complemented with its Retail Sales data worse than expected
*** ECONOMIC DATA *** - (SP) Spain May Industrial Output NSA Y/Y: -22.3 v -28.4% prior; WDA Y/Y: -20.5 v -16.4%e - (HU) Hungary April Final Trade Balance: ? v ?429.7M prior- (SP) [full report]
EUR/USD has formed at least few years high last year at 1.6038 (15.07.2008). The subsequent sell-off was very sharp but turned out to be corrective in nature - flat correction. Wave A of it finished at 1.2549 (4 December 2008) and the following movement is wave B. My wave count [full report]
Market Brief
NFP’s disappoint by showing a -467K decline in payrolls, 100K more than the consensus. This underlines the vast layoffs from the GM and Chrysler debacle and the continuing difficulty to revive the economy. The EURUSD dropped from it’s high 1.41’s as low as 1.3930 before rebounding. While the [full report]
Investors, across financial markets, shifted their attention toward the US dollar after the US non-farm payroll reading cleared that the pace of contraction eased slightly, which gave a boost that recession had bottomed out in the world’s leading economy, while further improvements will take place by the end of the [full report]
Previous
0.2%
Forecast
-0.1%
Definition
It measures the changes in sales in the retail sector within the Euro Zone, and is an important economic indicator as it illustrates the amount of domestic demand in the Union. Knowing that, the domestic demand is an important component of the GDP. Therefore, an increase in Retail Sales illustrates [full report]
Rupee : Staying below 48.00 Levels from last 2 sessions we think the rupee will correct till 48.20 (Resistance of broken trendline) level. A break of 48.20 on the upside, rupee will further depreciate till its first resistance 48.40 and secondly near 48.60. Short term Bearish.(USD/INR : 48.05)
Euro : Yesterday [full report]
Markets stabilize in today's Asian session with dollar and yen giving back some of yesterday's sharp gain. Asian stocks opened lower following yesterday's -223 pts fall in DOW but recover. While much volatility was seen during the week, no breakthrough is seen in the markets yet and major currencies are [full report]
Previous session overview
In the foreign exchanges, the weaker-than-expected payrolls data prompted a surge in risk aversion, with the U.S. dollar rising against the euro but falling against the Japanese yen. However, some of these moves have now been reversed in Asian and early European trading.
The dollar rose back slightly against [full report]
USD/JPY – 96.05
Most recent candlesticks pattern : Hammer
Trend : Turning up
Tenkan-Sen level : 96.29Kijun-Sen level : 96.07Ichimoku cloud top : 96.03Ichimoku cloud bottom : 95.68
New Strategy : Buy at 95.45, Target: 96.50, Stop: 94.95
The greenback did dropped below the Ichimoku cloud bottom as suggested yesterday on active cross-buying in [full report]
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