|Day's Range||1.113 - 1.115|
|52 Week Range||1.1122 - 1.2149|
Investing.com -- The dollar was consolidating near its highs for 2019 in early trading on Friday, showing little sign of weakening after a week of data and central bank actions that have underlined the relative strength of the U.S. economy, at least for the present.
The collapse of the Swedish krona to its lowest level in more than a decade against the dollar on Thursday was fueled by what’s becoming a common theme in financial markets: a retreat by global central banks.
The U.S. dollar opened higher on Thursday, with a popular gauge of its strength rising to its highest level since May 2017.
The EUR/USD continued to stay intact near its lowest vicinity while the greenback stood at its mirrored position. The safe-haven pair fell flat on the face after BoJ monetary statements. The Pound pair slumped and soared back to the same opening position of the day.
The Euro initially tried to rally a bit during the trading session on Thursday but gave back the gains and then broke down even further. At this point, the Euro looks as if it is in real trouble.
Based on the early price action and the current price at 1.1148, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to 1.1152.
Investing.com – The dollar was flat against a basket of major currencies as mixed U.S. economic data weighed on sentiment ahead of crucial U.S. GDP data due Friday.
Mounting fiscal worries about Italy, Europe’s fourth-largest economy, could heap further pressure on the euro in the near term.
This week brought us crucial movements for the American Dollar. USD made new local highs/lows on many instruments with the Dollar Index and the EURUSD as the best examples.
The Euro pair got hammered a couple of times in the last few sessions. The bears may remain under control for quite some time. The Euro Bulls, however, await the US Q1’19 GDP scheduled to report on Friday.
The Bank of Japan downwardly revises growth and inflation forecasts. The focus will now shift to the ECB Economic Bulletin and corporate earnings.
Futures are pointing to another mixed start to the day for the majors. The DAX is in search of a 10th consecutive day in the green…
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 US Dollar Index touched the pinnacle near 97.85 levels on Euro plunge. EIA reported higher crude inventory data, dragging down the oil prices. The BoC decided to keep the interest rates unchanged. The Aussie pair stood on the back foot amid poor CPI figures.
The Euro continues to fall at the hands of the US dollar, reaching towards the lows again as I write the article. Overall, this is looking more and more like a market that could finally break down.
Investing.com - The U.S. dollar inched higher against a basket of major currencies Wednesday on a slump in the euro. But gains in the greenback were limited somewhat as the Canadian dollar moved off lows after the Bank of Canada governor left the door open to future rate hikes
Based on the early price action, the direction of the EUR/USD on Wednesday is likely to be determined by trader reaction to the downtrending Gann angle at 1.1198.
All the major 200-days SMA and 100-days SMA stood way above the EUR/USD, developing a bearish stance. Today is the deciding day for the EMU economy. Things had remained pretty pathetic for the euro pair in the last couple of sessions. The Greenback continues to hover in the 97.60/70 top levels.
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.