GBPJPY: GBPJPY has halted its weakness to close higher on Thursday, leaving eyes on further upside. On the downside, support comes in at the 186.00 level where a violation will aim at the 185.00 level. A break below here will target the 184.00 level followed by the 183.00 level. Its daily RSI is bullish and … “GBPJPY Looks To Build On Its Recovery”
Month: August 2015
Japanese Yen Continues Move Down, Halts Drop vs. Dollar
The Japanese yen fell for the second trading session against the euro and the Great Britain pound today. The currency has also dropped for three days versus the US dollar but paused the decline at the start of the Friday’s session. One of the reasons for the yen’s drop is the fact that fears caused by China’s stock market collapse subsided, making traders less interested in safety of the Japanese currency. Another reason is the Friday’s economic data from … “Japanese Yen Continues Move Down, Halts Drop vs. Dollar”
Dollar Gains as Market Stabilizes, Data Supports
The US dollar gained on Thursday and retained its strength during the early hours of the Friday’s trading session. The currency rallied as markets stabilized after China’s scare. US economic data was also somewhat supportive for the greenback. The second estimate of US gross domestic product showed that the economy expanded by 3.7 percent in the second quarter of this year. The reading was above both the median analysts’ forecast and the first estimate, not to mention … “Dollar Gains as Market Stabilizes, Data Supports”
USD, EUR, JPY: Different Dynamics Emerge – ANZ
The US dollar is certainly back on track following the strong GDP numbers. Does this change the whole dynamic? This isn’t the only force: Here is their view, courtesy of eFXnews: “For the G3, we may start to see some different dynamics emerge. The driver of JPY strength is clear – risk appetite. But a key driver … “USD, EUR, JPY: Different Dynamics Emerge – ANZ”
EURUSD Weakens Further, Targets Key Support
EURUSD: EUR declined sharply on Wednesday and was seen weakening further during Thursday trading today. This development leaves the pair targeting its key support located at the 1.1128 level. Immediate support lies at the 1.1200 level where a violation will aim at the 1.1150 level. A break of here will aim at the 1.1100 level … “EURUSD Weakens Further, Targets Key Support”
Gains of Australian Dollar Limited
The Australian dollar rose today but gains were rather limited. The currency traded not far from the multi-year low it has touched earlier this week. The Aussie has touched the lowest level in six years versus its US peer on Monday when China scared investors away from riskier currencies. The Australian dollar advanced today, but the rally was quite anemic. Domestic economic data was … “Gains of Australian Dollar Limited”
Yen Drops as Market Sentiment Shows Signs of Improvement
The Japanese yen dropped today as the market sentiment improved. There was a couple of reasons for this, including the rally of stocks and speculations about the possible timing of an interest rate hike from the Federal Reserve. Global stock markets have crashed earlier this week following the collapse of Chinese shares, but today stocks climbed, including the Shanghai Stock Index that advanced more than 5 percent. Meanwhile, economists speculate that … “Yen Drops as Market Sentiment Shows Signs of Improvement”
AUDUSD: Broader Bias Remains Lower But With Caution.
AUDUSD: AUDUSD may be biased to the downside but faces a recovery threat while holding above the 0.7037 level. However, we should see a move higher if the mentioned support remains unbroken. On the downside, support resides at the 0.7050 level where a breach will aim at the 0.7000 level. Below that level will set … “AUDUSD: Broader Bias Remains Lower But With Caution.”
Canadian Dollar Struggles to Regain Some Lost Ground
Canadian dollar is heading a little higher today, struggling to regain some lost ground after hitting lows not seen since 2004. Loonie is a little higher today against most of its major counterparts, and hoping to eke out more gains. However, with global uncertainty weighing on high beta currencies, and with oil prices remaining low, there isn’t a lot of support for the Canadian dollar. Yesterday, for the first … “Canadian Dollar Struggles to Regain Some Lost Ground”
EUR/USD: Trading the US Preliminary GDP Aug 2015
US Preliminary GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity, so publication of Preliminary GDP could have a significant impact on the movement of EUR/USD. A reading which is better than the market forecast is bullish for the dollar. Here are all the … “EUR/USD: Trading the US Preliminary GDP Aug 2015”