|Day's Range||109.84 - 110.218|
|52 Week Range||104.6670 - 114.7250|
Investing.com - The euro was steady on Friday, as the U.S. dollar fell amid trade war concerns.French and German business activity in June came in higher than expected, easing concerns of a slowdown in the eurozone.EUR/USD rose 0.57% to 1.1669 as of 5:18 AM ET (9:18 GMT) while the pound was higher, with GBP/USD rising 0.52% to 1.3308.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.42% to 94.14.Tensions between the U.S. ...
Investing.com- The dollar fell off a 11-month high in morning Asian trade on Friday, as analysts say the plunge of Philadelphia Federal Reserve’s manufacturing index prompted some traders to book profits on bullish dollar bets.
Safe-haven demand drove the Dollar/Yen lower on Thursday as investors reacted to a steep sell-off in U.S. equity markets and a drop in U.S. Treasury yields. On Friday, these two factors are likely to continue to drive the price action along with the outcome of the OPEC meeting in Vienna. The Dollar/Yen relationship has been volatile all week after President Trump requested the United States Trade Representative to identify $200 billion worth of Chinese goods late Monday, for additional tariffs at a rate of 10 percent.
The US dollar fell during the Thursday trading session against the Japanese yen, slicing down towards the ¥110 level again. As I record this, it looks like the market is trying to form a bit of a bounce, and the support certainly seems to be there. The ¥110 level continues to be an area of importance.
After the Bank of England statement during the day on Thursday, the British pound rallied rather significantly against the Japanese yen, reaching towards the ¥146 level. As the market has reacted so strongly, it does suggest that perhaps we are starting to firm up again, as the statement was a bit more hawkish than previously released statements.
Investing.com – The U.S. dollar gave up its early gains against its rivals following weaker Philadelphia Fed data and a rebound in sterling after the Bank of England's hawkish pivot.
Investing.com - The dollar eased after hitting the highest levels of the year on Thursday following the release of soft U.S. manufacturing data, while the pound was higher after the Bank of England laid the groundwork for an August rate hike.
Investing.com - The dollar rose to the highest levels of the year against a currency basket on Thursday, while the pound fell to seven month lows ahead of the conclusion of the Bank of England policy meeting later in the day.
Investing.com - The dollar rose to near eleven month highs against a currency basket on Thursday, supported by expectations for a faster pace of rate hikes this year, while the pound was at the lows of the year ahead of the Bank of England meeting later in the day.
The pair traded on a choppy note during the Wednesday’s session initially tried to move higher but pulled back. The market seems to be trying to form a base around the 1.1550 level using the strong support level at 1.15 level.
Investing.com- The dollar took some steps back towards normalcy during morning trade in Asia Thursday, recovering its poise from the risk-aversion caused by elevated trade tensions between the U.S. and China earlier this week.
The Dollar/Yen is trading higher early Thursday with strong buying driving the Forex pair through the highs from Wednesday and Tuesday. The upside momentum being generated by this move has put the market in a position to challenge a key technical area at 110.859 and the main top at 110.905. The price action is being driven by increased demand for higher risk assets and the shedding of the safe-haven Japanese Yen.
The world is in a very interesting place right now, through personal observation I have noted that it seems the Asians are much more concerned about the trade war situation than the Americans. This has led to a very interesting trade in the USD/JPY, as it seems the Asians are flooding to the Japanese yen, and the Americans will attempt to turn the trade back around.
The British pound has continued to consolidate against the Japanese yen during the trading session on Wednesday, as we hover around the ¥145 level. This is an area that obviously has a certain amount of psychological importance to it, as it is a large, round, whole number. Ultimately, I think that we are trying to calm down from trade war fears, and that could show up quite drastically in this pair.
The dollar saw muted action Wednesday, as major currency trading calmed somewhat, a day after fears of a trade war between China and the U.S. sparked fresh haven buying. The U.S. ICE Dollar Index (IFUS:DX-Y.NYB), which measures the greenback against a basket of six rivals, was little changed in negative territory at 95.095, after touching an 11-month peak on Tuesday, underlining a period of relative placidity after markets were thrown into a tizzy after the U.S. threatened to place tariffs on an additional $400 billion worth of Chinese imports and Beijing warned it would retaliate. A broader gauge of dollar strength, the WSJ Dollar Index (CALCULATED:BUXX), was 0.1% stronger at 88.31.
Investing.com – The U.S. dollar was roughly unchanged against its rivals Wednesday as softer U.S. economic data and a rebound in sterling kept a lid on upside momentum.
Investing.com - The pound was trading close to seven month lows on Wednesday as Prime Minister Theresa May’s government faced another crunch vote on Brexit.
With the 109.55-50 support-region activating USDJPY’s U-turn, the pair seems eager enough to confront the support-turned-resistance line of 110.35 for one more time. If comparative USD strength clears the 110.35 barrier, the 110.80-85 horizontal-region and the 111.40 resistances should be watched closely as break of which could open the door for the pair’s rally towards 111.80 and 61.8% FE level of 112.30. On the contrary, pair’s failure to surpass the 110.35 TL can portray Breakout-Pullback-Continuation (BPC) formation, which in-turn highlight the 109.80 and the 109. ...
Investing.com - The dollar edged higher against a currency basket on Wednesday in subdued trade amid a lull in an escalating trade dispute between the U.S. and China.
The threat of a trade conflict is expected to continue to be the theme of the day on Wednesday. Look for the USD/JPY to weaken if escalating tensions over a trade war trigger risk aversion and another steep break in global equity markets. A recovery in U.S. equity markets and a firming of U.S. Treasury yields could help boost the Dollar/Yen.
The US dollar has been very noisy against the Japanese yen during the trading session on Tuesday, as more tariffs have been applied by the Americans against the Chinese. It’s likely that the Chinese will respond, so this of course has the market and more of a “risk off” attitude.
The British pound fell significantly against the Japanese yen on Tuesday, as we have broken cleanly below the ¥145 level. That is a very negative turn of events, signifying that perhaps we are ready to go much lower. Ultimately, this will have been in reaction to the increased tariffs between the Chinese and the Americans.
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures closed lower on Tuesday as investors continued to express concerns over a possible increase in OPEC crude supply. Also pressuring prices were the escalating trade dispute between the United States and China.
Investing.com – The U.S. dollar rose to its highest level in nearly a year against its rivals, as U.S.-China trade-war concerns intensified after U.S. President Donald Trump threatened China with fresh tariffs.
Japan’s yen and the U.S. dollar strengthened against their major rivals on Tuesday, as the escalating trade conflict between the world’s two biggest economies sent investors scrambling for safer assets. Trade tensions between the U.S. and China were already heightened, when President Donald Trump threatened to slap new import levies on up to $400 billion of Chinese goods late Monday, on top of the $50 billion his administration has already detailed. China responded on Tuesday, saying Beijing will have no choice but to take comprehensive measures in response to the U.S.’s trade moves.