|Day's Range||112.98 - 113.269|
|52 Week Range||104.6670 - 114.5110|
Investing.com - The dollar rose against its rivals Tuesday, helped by a plunge in the pound to 21-month lows after UK Prime Minister Theresa May called off a vote on a Brexit deal expected Tuesday, raising further uncertainty about the country's exit from the European Union.
The US dollar initially dipped at the open on Monday, and a bit of a “risk off” move. However, as you can see on the daily chart we have turned around to form a very bullish candle.
The British pound initially tried to rally during the day on Monday, but then rolled over to show signs of exhaustion. As it breaks through the ¥142.50 level, it looks like we are ready to go much lower. Beyond that, there is also concern that the Brexit vote being pushed back in Parliament is a sign of the unlikelihood of a deal.
The turnaround in U.S. stock futures set in motion a number of events that helped drive the USD/JPY up from its lows, while putting it in a positon to turn higher for the session. Therefore, the stock market is likely to be the main influence on the Dollar/Yen on Monday.
Investing.com - The U.S. dollar was flat against a currency basket on Monday after drifting lower overnight amid worries about trade war tensions and the health of the global economy, while the pound was on the back foot ahead of this week’s Brexit vote.
Investing.com - The U.S. dollar, which is widely considered a safe-haven asset, fell on Monday in Asia even after tension with China escalated amid continuing concerns surrounding Chinese technology giant Huawei Technology.
The pair initially found resistance at the 1.14 level in the Friday’s session but after the weak US job numbers were posted later in that day, the pair started showing signs of strength and broke above the 1.14 level. By doing so, the market is now likely to reach towards the 1.15 level and move eventually higher. With the latest job figures, the Fed is likely to be more dovish which will support this pair going higher. …Read MoreGBP/USD
The pair is range bound ahead of tomorrow’s brexit vote as tension remains high amid broad based USD weakness.
The direction of the USD/JPY this week will likely be determined by the movement of Treasury yields and the stock market. These two factors will be influenced by a number of U.S. economic reports and U.S. China relations.
Investing.com - This week investors will look to data on consumer prices and retail sales for the latest update on the health of the U.S. economy.
According to the WSJ, members of the U.S. Federal Reserve are reportedly debating whether to signal a “wait-and-see” approach after a probable hike to the central bank’s benchmark rate at its December meeting.
The US dollar fell during the week, but then found a bit of support against the Japanese yen. We continue to see significant levels just below though, and I think that could be influential as to what happens over the next couple of weeks.
The British pound continues to struggle against the Japanese yen, as a bit of a “risk off” move. There are tensions between the United States and China involving trade, and it’s likely that the market will continue to be very difficult to handle.
The US dollar has gone back and forth during the Friday session after the jobs number, essentially going nowhere for the day. That’s not a huge surprise, typically these days tend to be very noisy, and settle nothing.
The British pound fell slightly against the Japanese yen during trading on Friday, as traders probably are covering risk going into the weekend. Keep in mind that this pair is highly sensitive to the trade relations between the United States and China, which currently look rocky at best.
Investing.com - The U.S. dollar was lower on Friday as the latest jobs report lowered the chances that the Federal Reserve will raise rates in 2019.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.08% to 96.68 as of 10:14 AM ET (15:14 GMT).Nonfarm payrolls rose by 155,000 in November, which was lower than expected but still consistent with a strengthening job market. The data puts less pressure on the Fed to raise rates. ...
The pair failed to rally higher during the Thursday’s session as the 1.1350 level is attracting a lot of attention and also providing support to the market. The market today will remain choppy because of the job figures ahead and if the numbers come out positive, then it could break the market lower towards the 1.13 level and much lower. …Read MoreGBP/USD
Investing.com - The U.S. dollar was flat on Friday in Asia following reports that the Federal Reserve is considering adopting a wait-and-see approach to rate hikes.
Investing.com - The U.S. dollar was lower on Thursday as the arrest of a Huawei executive spooked investors and disappointing jobs data dampened sentiment.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.46% to 96.56 as of 10:35 AM ET (15:35 GMT).Meng Wanzhou, the chief financial officer at the Chinese smartphone company Huawei was arrested in Canada on an an extradition request by the U.S, which had been investigating whether or not she violated sanctions against Iran. ...
The US dollar fell a bit during the day on Friday as we have more of a “risk off” attitude again after the arrest of a prominent Chinese businesswoman in Canada at the request of the Americans. This has people a bit nervous about the global markets in general, as it could heighten tensions between the Americans and the Chinese.
The British pound was volatile against the Japanese yen during the trading session on Thursday, as we continue to see a lot of noise around the world.
Investing.com - The safe haven yen was higher against the U.S. dollar on Thursday as the arrest of a leading Chinese executive in Canada threatened to escalate tensions between the U.S. and China, prompting investors to move out of riskier assets.
Another gap in the DAX, this time a bearish one. We start Thursday on the important mid-term horizontal support, which may help to lift the price higher. Why? Because that would be the gap closing movement and we all know that gaps love to be closed, especially on the DAX. The sentiment in the long-term remains negative but in the short-term, we can see this light in the tunnel.