|Day's range||130.741 - 130.876|
|52-week range||130.7407 - 130.8759|
The Euro has continued to face headwinds versus the U.S Dollar short term. While range trading may prevail today, this will vanish as the U.S Fed’s monetary policy decision draws closer on Wednesday.
Investing.com - The euro was broadly lower on Wednesday as comments by senior European Central Bank officials tempered expectations for a speedy exit from its €2.55 trillion bond purchasing stimulus program.
Investing.com - The dollar edged lower against a currency basket on Friday after the latest U.S. employment report showed that while jobs growth recorded big gains wage growth remained sluggish, undermining the case for a faster pace of rate hikes this year.
Investing.com - The euro reversed gains on Thursday after European Central Bank President Mario Draghi downplayed a decision to drop a pledge to expand its quantitative easing program from its rate statement.
Investing.com - The euro rose across the board on Thursday after the European Central Bank dropped its pledge to expand its quantitative easing bond purchasing stimulus program, in a more hawkish rate statement than expected.
Investing.com - The euro was broadly lower on Monday after initial results from Sunday’s Italian elections indicated that there was no clear winner, while the dollar remained on the defensive amid fears over prospects for a trade war.
The Italian general election on Sunday 4th March will be another closely watched vote, with voters continuing to shift allegiances from the Establishment to the populist parties that have seen increased popularity in recent years.
Having breached 107.00 and the 106.70 support-marks, the USDJPY seems all set to test an upward slanting trend-line support on the weekly chart, which stays around 106.00 now; however, its further south-run can be restricting by a downward slanting TL support of 105.50, which if broken could enable Bears to demand 104.20 and the 102.80 numbers. Meanwhile, an upside break of 106.70 and the 107.00 could trigger the pair’s recovery in direction to 108.00, the 108.50 and then to the 108.80 resistances. Should prices manage to rise beyond 108.80, the 109.50 and the 110.20 may please the buyers. ...
Euro/Dollar’s short and long term indicators are mostly neutral, but the mid term shows mixed results. The close to 25% long interbank is bullish. The Cable has 6 neutrals in both the short and long terms.
Japanese Yen. First of all, yes, when the stocks slide, JPY gets stronger and we all know that indices just had a hell of a ride. It is slowly happening, which is definitely a positive sign for the Yen.