|Day's Range||109.41 - 109.744|
|52 Week Range||104.6670 - 114.5110|
Investing.com - The U.S. dollar pushed higher against a basket of its rivals on Thursday but gains were held in check by concerns over global growth, the U.S. government shutdown and the ongoing U.S.-China trade war.
Employment numbers give the Aussie Dollar an early jump on the majors, with economic data and the ECB bringing the EUR into focus.
Investing.com - The Australian dollar fell against the U.S. dollar on Thursday in Asia after one of the Australian top 4 big national banks, the National Australia Bank (NAB), raised the home loan rates.
The U.S. dollar remained under pressure during Wednesday’s session, even as the appetite for risk that had defined morning trading across assets turned sour.
Kuroda suggested early during Wednesday trading that extraordinary liquidity measures will still need to be in place as there are massive rest of the global financial system. This has thrown a bit of a monkey wrench into the Japanese yen situation, and the ¥110 level should offer resistance.
The British pound broke out against the Japanese yen again, breaking the ¥143 level. It looks as if we are testing the 200 day EMA rather soon, so that of course will be an area that is important. Beyond that, the British pound has rallied significantly against most currencies as Labour looks set to agree to a delay of the Brexit.
Investing.com – The U.S. dollar was under pressure Wednesday against a basket of major currencies following a sharp rise in the pound on fading worries the U.K. will leave the European Union without a trade deal.
Following its gradual recoveries since week-start, the GBPUSD again confronts four-month old resistance-line, around 1.2980, which if broken on a daily closing basis can propel the pair towards another important resistance, namely the joint of 200-day SMA and downward slanting trend-line stretched since June 2018, around 1.3080-90. Given the pair manage to print a D1 close beyond 1.3090, also clears 1.3100 mark, it may aim for 1.3180 & 1.3260 numbers to north. If at all the pair again fails to surpass the trend-line barrier, the 1.2910, the 1.2820 and the 50-day SMA level of 1. ...
The Euro has stabilized just above the 1.1350 level and is testing a short uptrend line. If it manages to break above the 50 Day EMA, which is offering a stiff resistance, then it can reach much higher towards the 1.15 level. The 1.27 level underneath is a strong support point for the pair and is unlikely to be broken unless there is a drastic change in fundamentals.
With inflation stubbornly weak and issues developing with the slowing global economy, the Bank of Japan is widely expected to leave interest rates unchanged at this week’s meeting. After the release of the BOJ’s decisions, traders will go back to watching for any more clues regarding the slowing global economy. If the meeting between the U.S and China, scheduled for January 30-31, is officially canceled then this could trigger a flight to safety rally in the Japanese Yen.
With trade data out of Japan reflecting the slowdown in Asia, Capitol Hill, the Oval Office and Parliament will be in focus through the day.
The New Zealand Dollar is trading higher against the U.S. Dollar early Wednesday in reaction to data which showed that consumer inflation edged higher in the fourth quarter, dimming the possibility of an interest rate cut. The Dollar/Yen is recovering from yesterday’s weakness, primarily due to the slight recovery in U.S. equity markets. Short-covering ahead of the Bank of Japan’s interest rate decision is also taking place.
Investing.com - The U.S. dollar was holding steady against a basket of its rivals on Wednesday and the yen was broadly lower as risk sentiment improved, but concerns over slowing global growth and U.S.-China trade tensions looked likely to keep gains in riskier assets in check.
Investing.com - Gold prices were little changed on Wednesday in Asia despite an uptick in uncertainty surrounding the U.S.- China trade talks. Weak global economic data also remained in focus.
Investing.com - The Japanese yen traded lower on Wednesday in Asia as risk aversion eased, but disappointing Japanese trade figures underlined the need for continued support for the trade-dependent economy.
While the U.S. dollar remains muted and the haven Japanese yen gains on the back global growth and trade worries, the Brexit-ridden British pound climbs to lead currency gainers on Tuesday.
The US dollar pulled back against the Japanese yen during the trading session on Tuesday, as we had gotten a bit ahead of ourselves in this rally. We are seeing a lot of resistance right where you would expect to based upon the massive flash crash that happened.
The British pound pulled back initially against the Japanese yen but seems to be finding support during the day on Tuesday, as the 50 day EMA is in play. Beyond that, we have a significant amount of support underneath than the form of the ¥140 level.
Investing.com – The U.S dollar trickled lowered against its rivals Tuesday as data showed U.S. existing home sales in December fell to their lowest level in more three years.
The USD has been suffering since the beginning of the year and started recovering since January 10. At the same time, the Japanese yen couldn’t take revenge over the USD and couldn’t pull the pair significantly down. As a result, USD/JPY had been trading sideways and rose as soon as the USD recovered.
Ever since the EURUSD declined from 1.1570, it’s moves can be depicted by a short-term descending trend-line, which in-turn presently drags the quote towards 1.1325 support-line. Should prices refrain to respect the 1.1325 rest-point, the 1.1300 and the 1.1265-60 may lure the sellers ahead of pushing them to aim for recent low around 1.1215. If at all the pair manage to cross the 1.1370 TL barrier, the 1.1420 and the 1.1450 could entertain counter-trend traders prior to challenging them with 1.1490-1.1500 resistance-zone. Though, pair’s successful break of 1. ...
The Euro is continuing to lose momentum against the USD and in Monday’s session, it pulled back after rallying a bit to test the 1.1350 level underneath. There are several support points underneath and break below 1.13 level would invite more trouble. The market will continue to be difficult and until unless the pair breaks above the 1.15 level and the 200 Day EMA, it will continue to chop around. …Read MoreGBP/USD
Based on last week’s price action, we don’t expect much movement in the USD/JPY unless there is volatility in Treasury yields. This will occur if there are any fresh developments over U.S.-China trade relations. Appetite for risky assets will also have an influence on prices.
Investing.com - The dollar was trading near two-week highs against a basket of its rivals on Tuesday as concerns over the outlook for the global economy underpinned investor demand for safe haven assets.
Investing.com - The U.S. dollar steadied on Tuesday in Asia after the International Monetary Fund (IMF) cut its 2019 and 2020 global growth forecasts overnight.