|Day's Range||1.302 - 1.305|
|52 Week Range||1.2481 - 1.4377|
The dollar was steady and on track for its first weekly loss in a month in early trading in Europe Friday, although it had recovered most of the ground it lost Thursday in reaction to some weak numbers from the U.S. manufacturing sector.
Investing.com - The U.S. dollar edged up on Friday in Asia even after a set of weak U.S. data released overnight. The Aussie Dollar was little changed after sliding to a 10-day low yesterday.
The U.S. dollar climbs higher Thursday despite weaker-than-expected economic data, after the Federal Reserve’s January meeting minutes a day earlier failed to put another dovish damper on market sentiment.
The British pound rallied a bit during the trading session on Thursday again, as we continue to see a lot of strength in the cable pair. However, there does seem to be a bit of noise above that could cause a pullback.
Investing.com - The U.S. dollar traded near session highs Thursday, despite a slew of negative U.S. economic reports pointing to signs of slowing growth in the underlying economy.
London stock markets fell Thursday, as mining and energy names tugged on the broader FTSE 100. The FTSE 100 (UK:UKX) led the region’s top decliners, falling 0.7% to 7,180.85 after the index finished up 0.7% on Wednesday. “Optimism around the trade talks between the U.S. and China remains the main catalyst here, so we expect more [stock] gains in the short term,” said Konstantinos Anthis, head of research at ADSS.
Sterling’s price action has been erratic due to the growing sensitivity towards Brexit-related headlines and news flows. With investors clearly pessimistic over Theresa May’s trip to Brussels concluding on a positive note
The greenback recovered from its sudden fall after disappointing economic data on Thursday raised concerns about the strength of the U.S. economy and supported the Federal Reserve’s decision to hold rates steady for the foreseeable future. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell to 96.239 after the data before recovering to 96.391 as of 10:30 AM ET (15:30 GMT). New orders for durable goods, excluding volatile items, fell unexpectedly in December, while business activity in the mid-Atlantic region declined to its weakest level since May 2016, according to the Philadelphia Fed's monthly survey.
The pair is currently stationed around the 1.1350 level as there are a lot of developments around the market and is also looking for clarity on the future momentum. The weak momentum around the USD is likely to support the EURO to reach higher, and if it breaks above 1.15 level, it will be extremely bullish and will attract many buyers.
GBPUSD trades range bound near 1.3050 handle as traders await macro data updates for directional cues.
Economic indicators out of Japan this week have proven to be more of an economic alarm bell than an indicator. What’s next for the BoJ?
Economic data out of Japan spells more trouble, with a particularly busy economic calendar placing focus on the EUR and USD.
Investing.com -- The euro turned higher against the dollar in early trading in Europe Thursday, as purchasing manager indices from France and Germany signalled that the euro-zone economy may be bottoming out after its slowdown at the end of 2018.
Chances of a U.K. election this year are on the rise, according to betting markets, after three lawmakers quit British Prime Minister Theresa May’s Conservative Party due to disagreements over Brexit.
The U.S. dollar regains ground versus major rivals Wednesday, after the Federal Reserve’s January meeting minutes show that there was no consensus on how to proceed with regards to interest-rate policy.
The British pound pulled back during the trading session on Wednesday, as we got a bit of profit taking going into the session. At this point, we are starting to press some minor resistance but with the impulsive candle stick that we formed during the Tuesday session, we clearly have quite a bit of momentum for buyers.
London markets were up on Wednesday, after gains from the banking and mining sector helped to boost the FTSE 100
Investing.com - The greenback was flat on Wednesday, as investors waited for the Federal Reserve to release the minutes from its latest monetary meeting.
Brexit optimism keeps the pair range bound near previous session highs as investors await further headlines from Brussels and fed meeting minutes for directional cues.
The Euro initially pulled back during Tuesday’s session but received strong support around the 1.13 area, which helped to rally higher. The pair is likely to continue its long-term consolidation which now ranges between the 1.12 and 1.15 level. If the pair can clear above the 1.1350 level, then it will be a bit positive for the market and could reach another 100 pips higher. …Read MoreGBP/USD
Trade data out of Japan suggests more doom and gloom as trade negotiations. Brexit chatter and the FED minutes will be in focus through the day.
Investing.com -- The dollar was lower against the euro and the British pound in early trading in Europe Wednesday as a fall in U.S. Treasury yields reduced its attractiveness amid expectations of dovish news on interest rates from the Federal Reserve.