|Day's Range||110.6 - 110.81|
|52 Week Range||104.6670 - 114.5110|
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-days low yesterday.
The US dollar went back and forth during the trading session on Thursday as we continue to hang about relatively important consolidation. There are several technical signals firing off in the same area, so this of course is going to continue to be very interesting to watch.
The British pound has gone back and forth during the trading session on Thursday against the Japanese yen as we are pressing major resistance. This is that much of a surprise, but we have recently kicked off a bullish flag, so there is still high potential for explosive moves to the upside.
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.
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. 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.
It’s hard to explain today’s weakness because the reports are bearish for Japan’s economy, which means the Bank of Japan is going to have to continue to be accommodative. This should be bullish for the USD/JPY. Furthermore, the Fed minutes were supportive for higher risk assets, which should’ve also made the Japanese Yen a less-desirable asset.
Economic data out of Japan spells more trouble, with a particularly busy economic calendar placing focus on the EUR and USD.
Investing.com - The Chinese yuan moved higher against the U.S. dollar on Thursday in Asia following reports that Washington and Beijing started to outline a trade deal to end a seven-month-long trade war.
The US dollar went back and forth during the trading session on Wednesday, as we continue to see a lot of indecision in this pair. We are at major technical levels, so this should not be a major surprise.
The British pound rallied a bit during the trading session on Wednesday, testing the ¥145 level. At this point, it looks as if the resistance may hold short term, but I do believe that eventually we could break out considering that we have a nice bullish flag that just kicked off.
Investing.com - The U.S. dollar pared some losses against a basket of major currencies Wednesday, even as the minutes from the Federal Reserve strengthened expectations the central bank will leave interest rates on hold this year.
Investing.com - The greenback was flat on Wednesday, as investors waited for the Federal Reserve to release the minutes from its latest monetary meeting.
Based on the dovish comments from Fed Chairman Jerome Powell and the other policymakers, traders have reason to believe that the Fed is going to pause raising interest rates, however, they are less certain about what the central bank is going to do with the $4 trillion of bonds left on its balance sheet.
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.
Based on the early price action, the direction of the USD/JPY on Wednesday is likely to be determined by trader reaction to 110.693.
Investing.com - The U.S. dollar was little changed on Wednesday in Asia as traders await the minutes from the January U.S. Federal Reserve meeting due later in the day.
The US dollar continues to go back and forth against the Japanese yen, as you can see based upon the daily chart. At this point, it’s likely that we will see a lot of confusion as we are at a major crossroads.
The British pound initially pulled back during trading on Tuesday, but then turned around to reach towards the top of recent consolidation again. By doing so, we continue to strengthen the case for an important technical pattern.
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.
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.
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.