Disappointing U.S. Data helps Yen in New York Trading
The U.S. Dollar slipped versus the Japanese Yen in early New York trading following the release of U.S economic data.
Archive for the 'ForexNews' Category
The EUR vs USD Disappoints
The EUR hovered directly under a key level vs the USD on Wednesday, affected by profit-taking after it hit an 11-week record, while the AUD decliens as inflation data pared the chances of an interest rate rise next week.
Will the AUD/JPY Turn here?
The commodity currencies and in particular the Australian and New Zealand Dollars, have been appreciating strongly for some time now.
EUR/USD, Technicals Can’t Help USD Again
The trend, refusing to bend, receives some support today. The EUR/USD, gets news to nudge it up further.
Improved Housing Data Helps Topple Euro from 11-week High
The common currency Euro slipped from an 11-week peak versus the U.S. Dollar after the release of stronger U.S. housing prices helped the U.S. currency recoup earlier losses.
European Banks Stress Tests Reveal No Shocks
The EUR hovered close to a two-month record vs the USD on Tuesday, retaining support after last week's European bank stress tests revealed no issues while demand for riskier assets weighed on the dollar increased significantly.
Short-term GBP-JPY Congestion
Last week the GBP-JPY experienced a steep run up. This pair advanced about 450 pips. In the relation to the latest volatility, it is not an insignificant move, especially during only two days.
EUR/USD, Uptrend Knows no End
Despite technical indicators having taken themselves to the top of the screen, the trend combined with a unfortunate forecast for the Dollar today, will help the EUR/USD to rise.
Skepticism Over the Credibility of the Euro Zone’s Bank Stress Tests
The EUR hit a seven-week record vs the JPY on Monday as an increase in shares prompted dealers to unwind long yen positions
EUR/USD- Trend will not Bend
A forecast favoring the Dollar seeks to bring the EUR/USD down. Today the trend will be unlikely to bend however, there is not enough powerful news releases to make that happen.