|Day's Range||0.88 - 0.882|
|52 Week Range||0.8014 - 0.8910|
President Donald Trump asked then-acting Attorney General Matthew Whitaker whether the U.S. attorney for the Southern District of New York, Geoffrey Berman, could be put in charge of the investigation into Trump's role in silencing women with hush payments, the New York Times reported, citing "several American officials with direct knowledge of the call." Berman had recused himself from that investigation. The investigation has been led by Robert Khuzami. According to the report, Trump "soon soured" on Whitaker -- it said there's no evidence Whitaker took any steps to intervene -- and complained about Whitaker's inability to make the president's legal problems go away. The report more broadly discusses Trump's "two-year war" on the investigations encircling him.
The Euro initially pulled back a bit during the trading session on Tuesday but has continued to show support at this very crucial area. It looks as if we are going to continue the longer-term consolidation.
Investing.com – The U.S. dollar slipped against a basket of major currencies Tuesday, pressured by strength in the pound on strong labor market data and hopes for progress on upcoming Brexit talks.
The uncertainty bands around the dot plot deserve more attention, because they illustrate that interest rate policy is not preset and that the economy can evolve in unexpected ways, Cleveland Fed President Loretta Mester said Tuesday at a speech at the University of Delaware. She repeated the view that, at coming meetings, the Federal Open Market Committee will be finalizing plans for ending the balance-sheet runoff and completing balance-sheet normalization.
Based on the early price action, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the pivot at 1.1288.
Investing.com - The U.S. dollar dropped for a third-consecutive session on Tuesday, as further dovish comments from a Federal Reserve member put downward pressure on the greenback.
The pair is seeing range bound action in favor Euro owing to dollar’s weakness ahead of Sino-U.S. trade talks set to begin today.
Negative sentiment towards the global economic outlook weighed on the commodity currencies, with economic data and Brexit putting the Pound in Focus.
Investing.com -- The dollar was broadly flat against the euro and sterling in early trade in Europe Tuesday but rose against the yen after Bank of Japan Governor Haruhiko Kuroda said he was willing to take action to stop the currency rising too far.
According to the minutes, the Monetary Policy Board saw “significant uncertainties” on the economic outlook. It also said it saw scenarios where interest rates could eventually rise, or fall. Additionally, it said the probabilities around these scenarios were more evenly balanced than before.
The Euro rallied during the trading session on Monday after forming a massive hammer on Friday. At this point, it looks like we are ready to go higher but we have a minor hurdle to overcome in the short term.
The early price action shows support is the pivot at 1.1288. If this move creates enough upside momentum then look for buyers to make a run at 1.1342. Taking out this level will change the main trend to up.
The pair is getting hammered due to ECB’s dovish attitude and weak economic numbers from the European Union. The pair is likely to continue consolidating between the 1.12 and 1.15 level and will also remain volatile.
Risk appetite delivers early moves across the riskier asset classes. With a light economic calendar, vehicle sales out of China will be of interest.
Investing.com -- Foreign exchange markets got off to a slow start Monday, with trading set to remain subdued due to a sparse data calendar in Europe and public holidays in North America.
Judging from the way the dollar index is weighted, the best bet for another surge to the upside will be a weaker Euro, Japanese Yen and British Pound.
The ECB, the FED, and the RBA release meeting minutes in the week, as the markets look for any more signs of a possible recession. Trade talks also resume.
Investing.com - Despite a holiday-shortened week in the U.S. the economic calendar for this week is busy, with U.S.-China trade talks continuing in Washington and Federal Reserve minutes and U.S. economic reports on tap.
Trade talks delivered strong gains across the European and U.S equity markets last week. What’s on the horizon for the DAX and EUR?
The U.S. dollar loses its strength in late Friday trading amid President Donald Trump’s signing of a spending bill that will avoid a renewed partial government shutdown and his declaration of a national emergency on border security.
President Donald Trump has sent a letter to the House and Senate informing them that he has declared a national emergency. The declaration allows the secretary of defense to order units or reservists to active duty to support Department of Homeland Security activities at the southern border and to "engage in emergency construction as necessary to support the use of the Armed Forces and respond to the crisis at our southern border."
European stocks finish sharply higher Friday, helping the pan-European benchmark produce its best weekly gain since early November, as investors cheer signs of progress on a U.S.-China trade deal.