|Day's Range||1.12 - 1.123|
|52 Week Range||1.1185 - 1.2236|
The greenback was holding steady near a 22-month high on Wednesday as strength against the euro was offset my minor gains against other trading partners.
The Dollar bulls will be looking for a first visit to 100 levels since 2017. While Trump may attempt to kill the rally, the stars are aligning…
The Kiwi Dollar and Aussie Dollar take another hit early. The Bank of Canada and corporate earnings could give the Greenback more upside on the day.
With some financial sector corporate earnings results out of Europe, another set of positive U.S earnings results may not be enough…
The U.S. dollar on Tuesday gains ground against most of its major trading partners, hitting an intraday 22-month high.
Along with the greenback upliftment, the primary rival (EUR/USD) which always benefits from a dollar plunge, dropped significantly. Crude WTI Futures traded at a new high near $66.60 per barrel elevating the commodity-linked CAD. USD/JPY lost 30 pips in a matter of a few minutes.
Who’s winning the U.S – China trade war? Is it really the U.S? How has the Pound and the UK economy performed and what about the Eurozone?
The Euro fell rather hard during the day on Tuesday as European traders came back to work. In fact, the Euro only budged slightly higher to kick off the day and then fell straight down towards which should be a relatively supportive area.
Investing.com - The dollar rose against a basket of major currencies Tuesday as new home sales surged to a 17-month high, suggesting resilience in the U.S. housing market after disappointing existing home sales numbers.
Based on the early price action, the direction of the EUR/USD is being controlled by two prices: a short-term 50% level at 1.1254 and an uptrending Gann angle at 1.1259.
Dollar Index is close to the upper limit of its 6-months trading range. GBPUSD remains trapped between MA200 and 1.30. Oil has jumped at the start of the week by 3%: WTI – $66, Brent – $73.70.
The pair is currently under pain of the earlier week released sparse economic indexes. In the last few sessions, the EUR/USD hardly moved amid Easter holidays. Tomorrow chances remain intact of action following specific German reports.
It’s a mixed start to the day for the majors. While the Pound managed to hold steady, things could change later today as MPs return from recess.
The Market remained silent in the middle of insufficient economic data on Easter Monday. The Cable was down, still sustained near 1.1300 levels. Oil price upsurged on the news suggesting Iranian sanction waiver rejection, making the loonie pair tumble further.
The Euro initially tried to fall at the very open on Monday but then turned around to show signs of strength again. We are at the bottom of a major consolidation area so it’s not a huge surprise to see that the Euro got a bit of life down here.
A popular measure of the strength of the U.S. dollar is inching toward its highest level in almost two years, having carved out gains in the past two months and on track to notch a third given current levels.
Based on the early trade, the direction of the EUR/USD on Monday is likely to be determined by trader reaction to the resistance cluster at 1.1254.
The Euro pair may find some upward space on the back of downbeat expected US data and crude upsurge. Investors look forward to April 23 as the UK parliament will reopen after the Easter Recess.
Investing.com - This week investors will be looking ahead to Friday’s data on U.S. first quarter growth, which is expected to show that the economy is stabilizing after a recent soft patch.
USD/JPY sustained near the 112 levels, staying apathetic over BoJ’s bond purchase cuts. The EUR/USD showed less reaction to the greenback weakness today. USD/RUB marks day’s high near 64.05 levels.
The Euro fell during the week, reaching down towards the 1.12 level yet again. Now having said that it’s likely that we have a big fight on our hands just below current trading.
The Euro bounced slightly during trading on Friday as low-volume would have made this an unreliable market. We are currently trading around a major support level though, so a bounce would have course made quite a bit of sense.