GBP USD Holds Steady

The Pound Dollar exchange rate is 0.364% lower with 1 GBP = 1.5053 USD at 1:15 PM in London. The GBP USD rate has turned around since the Election and hit the turbo button after the Emergency Budget. The 900-pip rise since mid-May has propelled the rising 21-day moving average up through the 50-day version. [...]

USD/JPY Rises to 88.60

The Dollar moved away from the lows of the day against the Yen and rose to 88.60, recovering from 88.26, fresh 7-week low. The Yen also moved away from the highs of the day against European currencies as the downside rally in Wall Street paused. Read more…

GBP/USD Classical 02.25 (Daily FX via Yahoo! Finance)

GBP/USD: The most recent bout of bearish consolidation has been broken, with Thursday’s declines below 1.5350 opening a fresh downside extension which now eyes critical psychological barriers by 1.5000.

The Daily Forecaster: USDJPY

The 88.76 target was met with 3 pips variance. The resistance at 89.50 is critical and while it holds there is probably a stronger risk that we’ll see 88.33 first. Watch for a bullish trade set up there as this should trigger a deeper pullback. Only an earlier break above… Read more….

Market Morning Briefing

The Yen appreciated while the Pound depreciated sharply against most major currencies yesterday. The Yen recorded a low of 88.80 against Dollar (USD-JPY) and 119.64 against Euro (EUR-JPY). Though it has depreciated slightly since then today morning because of month end demand from importers, the technicals suggests that the Yen… Read more….

AUD/USD Test .88 Amid Risk Aversion

Technically speaking, the Aussie has multiple uptrend lines serving as technical cushions along with intraday and 2/12 lows. Speaking of 2/12 lows, investors should eye our 3rd tier uptrend line since it runs through these levels. Hence, a failure of our 3rd tier uptrend line could yield a retest of… Read more….

EUR/USD capped by 1.3570 resistance area (The Forex Market)

FXstreet.com (Buenos Aires) – EUR/USD Current price: 1.3545. Strong came back from 1.3450 low, reached early in the American session, had left the pair in a probable double bottom clear on daily charts that will anyway need a break above the 1.3700 level, to be confirmed.

Sovereigns continue to support EUR/USD (The Forex Market)

There seem to be a lot of comments and opinions emanating from the EU on the Greek situation despite the 30-day cooling off period but the EUR/USD continues to hold up quite well.

RIP Market Volume, USD

Buyers don’t want to buy on valuations and true perceptions of economic reality, sellers have no reason to sell. In other news, the dollar just died. Read more….

All quiet on the western front…

Well, your favorite macro correspondent is back from his break. It’s going to take a few days to get back into the swing of things but I may not have that much time… Meanwhile, a quick look at USD should be a good complement to your morning coffee – the vol has been essentially sideways [...]

$USD/CAD Approaching Critical Lows (TradingMarkets.com via Yahoo! Finance)

The fact that the USD/CAD pair has only had 3 days above the 20EMA since the beginning of April further highlights the fact that it is approaching critical lows. Forex trader Chris Capre discusses the low risk buying opportunities for the forex pair.

GBP/USD Sell Recommendation Issued @1.5655 (Daily FX)

Gbp/Usd: With the daily RSI approaching the overbought 70 reading, we do not see gains extending much further and will be looking to establish a counter-trend short on any rallies back above the 200-Day SMA which currently comes in at 1.5555. The pair does have a tendency to overshoot its target and as such, selling [...]

Forex: EUR/USD tests 1.3700 level (The Forex Market)

FXstreet.com (Barcelona) – EUR/USD has risen further after the Portugal’s finance minister comments about Euro Zone is not concerned over a stronger Euro, and the pair has reached 1.3710, fresh 1-week high.

Forex: EUR/USD rises to reach 1.3545, fresh intra-day high (The Forex Market)

FXstreet.com (Barcelona) – Euro has broken the 1.3515 resistance level against the Dollar after several attempts in the European session and the EUR/USD has climbed up to reach 1.3545, fresh intra-day high. Currently the pair is trading around 1.3530/40, 0.30% above today’s opening price.

FX Thoughts for the Day

EURO, JAP YEN and EURO-YEN ————————— Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at http://www.kshitij.com/fxthoughts/fxthoughts.shtml#register Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below ————————————————————- USD-CHF @ 1.1209/12…Range: 1.1170-1.1360 ——————————— R: 1.1310 / 1.1360-62 / 1.1409-29 S: 1.1170 / 1.1133-30 / Read more….

Forex: EUR/USD is back to 1.3500 after reaching 1.3470 (The Forex Market)

Fxstreet.com (Barcelona) – After rejecting from 1.3515 (coming from its 90 pips increases in the European session) the EUR/USD has fallen below 1.3500 level and has reached 1.3470. Currently the pair has been rebounded up and it is trading to test the 1.3500 level again.

Forex: USD/CAD tests 1.1700 after reaching 1.1685, intra-day low (The Forex Market)

FXstreet.com (Barcelona) – After falling 130 pips from 1.1815, intra-day high, in the early Asian session to reach 1.1685, intra-day low in the European session, the USD/CAD has rebounded slightly to test the 1.1700 level.

Forex: GBP/USD: Sterling testing 1.5245 level (The Forex Market)

FXstreet.com (Barcelona) – The Pound has reached levels right above resistance at 1.5245 on its recovery from intra-day low at 1.5115. At the moment, GBP/USD trades at 1.5255; 0.52% above its daily opening level.

Forex: EUR/USD: Euro consolidating above 1.3425 (The Forex Market)

FXstreet.com (Barcelona) – EUR/USD decline from Friday’s high at 1.3650 has found a base on Asian session at 1.3425, the Euro is moving at the moment from the mentioned 1.3425 low to 1.3485.

Deep Thoughts From Bob Janjuah

pardon the horrendous spelling… but focus on the ideas. Bob is a smart man, even if he was a little overcaffeinated on this particular occasion. Bob’s World: Mini-May turn?05/13 10:59:08 Turning to mrkts, some moans 1st: A – UNEMPLOYMENT – the double digit peaks will happen late next yr. Unemployment is ugly & evil – [...]

Next Page »