Looks like the ending diagonal is perhaps in the making as I suggested a few weeks back. It may be ending but somehow I think we’ll have a drumbeat of “dollar is doomed” stories for the next few weeks for the final waves.

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The Greenback rose across the board after the FED decision to leave rates unchanged. EUR/USD fell below the intra-day low at 1.3950 to 1.3910. Below there, the next support lies at 1.3880. GBP/USD fell below 1.6400 to 1.6385 (intra-day low). The pair was at 1.6470 before the FOMC release. USD/JPY rose, reaching a fresh intra-day high at 96.00. Read more…

If anyone knows what the hell is going on with the market since the Fed release (aside from South Carolina Governor Sanford being a big fan of the Buenos Aires Hustler Club), please advise.

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The Euro versus Dollar pair inclined sharply last Friday targeting 1.3585 where a breach of this level will open the way on the short term towards 1.3735. We expect the pair to touch this level today before correcting to the downside towards 1.3440 at the very most in an attempt…

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EURUSD Comment: Getting more interesting with a weekly close above 1.3600, above long term trendline resistance, and on of the highest closes this year. Similar formations in many other majors suggest generalised US dollar weakness takes hold this month – to the surprise of many who see this as ‘risk…

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(RTTNews) – The Swiss currency edged sharply higher against its major rivals on Friday morning in New York. The alpine unit advanced to near a 1-1/2 month high of 1.1184 against the US dollar, new multi-week high of 88.63 versus the Japanese yen and a 4-day high of 1.6894 versus the pound by 8:35 am ET. The franc also inched higher to 1.5097 against the euro by this time.

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Continued rallies in global risky asset classes left the Australian Dollar higher against the US and New Zealand Dollars to end the week’s trade. Overall momentum favors further Aussie Dollar appreciation, and we believe that a break of 0.7300 is likely.

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May 1 (Bloomberg) — The Swiss franc gained against the dollar as investors sought safety before the Federal Reserve releases the results of stress tests on the biggest U.S. banks.

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(RTTNews) – During New York morning trading on Friday, the US dollar climbed against the Mexican peso from a slight downtrend in previous session.

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May 1 (Bloomberg) — The Mexican peso was little changed against the dollar as a government estimate that the economy shrank 7 percent in the first quarter offset a $3 billion loan from the Inter-American Development Bank to combat the swine flu.

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(RTTNews) – The Indian rupee edged higher to 49.35 against the US dollar at 3:20 am ET Friday. This set the highest point for the rupee since April 16. If the Indian currency gains further, 49.30 is seen as the next target level. The dollar-rupee pair closed Thursday’s New York deals at 49.65.

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The Euro gained while the British Pound slipped lower against the US Dollar in overnight trading as the greenback tested the boundaries of its 9-month up trend while global equity markets hoped to break the downward trajectory that has characterized prices since October 2008.

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May 1 (Bloomberg) — The Mexican peso was little changed against the dollar as a government estimate that the economy shrank 7 percent in the first quarter offset a $3 billion loan from the Inter-American Development Bank to combat the swine flu.

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(RTTNews) – The Indian rupee soared to a 13-day high of 49.45 against the US dollar before leveling off in early trading on Thursday. This may be compared to yesterday’s close of 49.97. If the rupee ticks up further, resistance is seen at the 49.3 level.

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EURUSD – Euro Forecast Bullish Against US Dollar USDJPY – Japanese Yen Outlook Shifts on Major Price Moves GBPUSD – Forex Trading Systems Indecisive on British Pound USDCHF – Swiss Franc Expected to Rally Versus US Dollar USDCAD – Canadian Dollar Forecast Bullish Against US Dollar

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(RTTNews) – During early European deals on Thursday, the British pound climbed to new multi-day highs against the US dollar and the Japanese yen despite a report showed that House prices in UK declined in April after a surprise increase in March.

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MOSCOW, April 30 (Itar-Tass) – The US dollar mean weighted exchange rate against the Russian rouble in “tomorrow” deals plunged by 27.51 kopecks and stood at 32.9740 roubles per one U.S. dollar in Thursday’s unified trading session as of 11.30 Moscow time.

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(RTTNews) – The US dollar declined to a 2-day low of 13.5618 against the Mexican peso in New York morning trading on Wednesday.

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(RTTNews) – The Swiss franc extended its Asian session uptrend against the US dollar and the Japanese yen during early European deals on Wednesday. The franc thus climbed to a 2-day high against the dollar and a 5-day high versus the yen.

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(RTTNews) – The Chinese yuan showed strength against the US dollar during early deals on Wednesday. At 10:45 pm ET, the yuan reached a 2-day high of 6.8212 against the dollar. On the upside, 6.81 is seen as the next target level for the Chinese currency.

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