|Day's Range||110.42 - 110.631|
|52 Week Range||105.4310 - 114.5110|
The U.S. dollar rebounds from some modest losses in Tuesday trading, shaking off a weaker-than-anticipated consumer-confidence read.
The US dollar rallied during the trading session on Tuesday, using the ¥110 level as a launching base. This is a market that continues to see a lot of volatility, which makes a lot of sense considering that it is a risk sensitive market.
The British pound rallied a bit against the Japanese yen during the trading session on Tuesday, breaking the top of a major hammer that formed for the Monday session.
Based on Monday’s price action and the early action on Tuesday, it looks as if USD/JPY investors have absorbed the plunge in U.S. Treasury yields. It further indicates the next major move in the Forex pair will likely be determined by appetite for risk. Another steep sell-off is likely to pressure the Dollar/Yen and firmer equity prices will be supportive.
Investing.com - The British Pound was little changed on Tuesday in Asia after Parliament took control of the Brexit process from Prime Minister Theresa May.
Many currencies, including the majors, are retracing last week’s movements on Monday, leading to little action in the U.S. dollar and euro, as well as a rebound from losses in emerging markets.
The US dollar has gone back and forth during the trading session on Monday, testing the ¥110 level. This is an area that will of course attract a lot of attention due to the round figure and previous resistance.
The British pound initially dipped during the trading session on Monday but seems to have found support at the crucial 200 day EMA as buyers have come back into give us a lift.
Investing.com - The dollar traded lower against its rivals on Monday as U.S. government bond yields extended their rout from last week amid ongoing fears of slowing global growth.
The Euro fell hard during Friday’s session, breaking below the crucial 1.13 level after getting poor German economic numbers. The market is likely to keep volatile as fears of a global recession growing strong after US bond yield curve inverts for the first time since 2007. The 1.1250 level underneath should attract a lot of attention and if the pair breaks below the 1.12 level, then it would be extremely negative and will open the door towards 1.10 level. …Read MoreGBP/USD
All eyes are likely to be on the relationship between U.S. Government bond yields and Japanese Government bond yields. Last week, U.S. yields plunged, inverting the yield curve which stoked fears that an economic recession is on the horizon.
Investing.com - The U.S. dollar edged down on Monday in Asia after a closely-watched indicator for recession appeared on Friday.
Investing.com - This week investors will get to hear remarks from a number of Federal Reserve speakers as they continue to await developments in the U.S.-China trade talks and Brexit will also remain in the spotlight after EU leaders granted the U.K. a two week deadline extension.
Over the short-run, we could see a volatile two-sided response to the initial release of the report. After that it’s all up to the Democrats and whether they have enough evidence to impeach Trump or if they decide to put their efforts into beating him in the 2020 election.
The U.S. dollar climbs in Friday trading, as investors grapples with an inverted U.S. Treasury yield curve and another round of disappointing economic data in the eurozone region that put pressure on the euro.
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The US dollar trying to break back into the previous resistance barrier that starts at the ¥111.50 level, but we rolled over rather significantly to break towards the ¥110 level.
The British pound fell during the week against the Japanese yen, reaching down towards the ¥145 level. However, on shorter-term charts we are starting to see buyers step back in, as the British got a bit of a reprieve from the European Union in the form of an extension.
The US dollar broke down against the Japanese yen on Friday, slicing through the bottom of the hammer from the Thursday session in what is a negative sign. At this point, it’s very interesting a telling as to which just happen, but now we have a major level underneath to pay attention to.
The British pound fell initially during the trading session on Friday, reaching down below the ¥145 level. That being the case, we have found buyers in that area as the market has plenty of technical reasons to bounce.
Investing.com - The U.S dollar edged higher against its rivals Friday following a rebound in U.S. home sales, but gains were limited by a sharp rise in the yen as U.S. government bond yields slumped amid fears of slowing growth.
After the show of strength in the Wednesday’s session, the pair gave back the gains in Thursday’s session, breaking below the 1.14 level once again. The region above the 1.14 level has been extremely resistive for the pair and given the ECB’s softer stance on interest rate hike as well, the pair will continue to struggle and remain volatile. The 1.1350 level underneath is strong support and likely to attract value. …Read MoreGBP/USD