|Day's range||105.78 - 106.014|
|52-week range||105.2630 - 114.7250|
Investing.com - The dollar ended the week slightly higher against a currency basket on Friday as upbeat U.S. data underlined the case for the Federal Reserve to raise interest rates at its upcoming meeting this week.
The Dollar/Yen was pressured last week by political uncertainty in U.S. President Donald Trump’s cabinet and renewed worries about trade wars.
The US dollar initially tried to rally against the Japanese yen during the week but found the 107.50 level to be resistive. We turned around from there, and then fell towards the uptrend line yet again. At this point, the uptrend line is holding, but there is a lot to pay attention to in this pair.
Investing.com - The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending March 13 on Friday.
Investing.com – The dollar rose against a basket of major currencies as traders cheered mostly positive economic data and easing political turmoil in Washington.
Investing.com - The U.S. dollar remained broadly lower against other major currencies on Friday, after the release of downbeat U.S. housing sector data and as U.S. political turmoil continued to weigh.
Investing.com - The U.S. dollar continued to fall against other major currencies on Friday, pulling further away from a one-week high as news of additional personnel changes at the White House sparked fresh concerns over U.S. political turmoil.
Investing.com - The U.S. dollar slipped lower against other major currencies on Friday, pulling away from a one-week high following news of potential personnel changes at the White House, sparking fresh concerns over U.S. political turmoil.
The pair drifted a little lower during the Thursday’s session reaching the 1.23 level which is a strong support level. If the pair breaks below further from here, then it will reach further lower towards the 100 level.
Based on the current price at 105.924 and the earlier price action, the direction of the USD/JPY the rest of the session is likely to be determined by trader reaction to the short-term Fibonacci level at 106.023.
Investing.com - The dollar slipped in Asia on Friday amid the latest round of staff cycling in U.S. president Trump's White House, after Trump sacked H.R. McMaster as his national security adviser on Thursday. The Japanese yen spiked against the dollar on rising risk aversion despite ongoing political scandal in Japan.
The US dollar has been noisy and choppy during Thursday, as the market has essentially gone nowhere. Stock markets look relatively flat as well, so it makes sense that this pair does very little. I think that the 105.50 level is the beginning of significant support, so a bounce wouldn’t be a huge surprise, and quite frankly I suspect that it’s going to happen.
Investing.com – The dollar rose against a basket of major currencies Thursday as investors mulled over upbeat labor market and mixed regional manufacturing data while easing global trade war fears lifted sentiment.
The dollar continued to climb on Thursday, after data showed that U.S. import prices rose more than forecast in February. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.35% at 90.06 by 12:52 PM ET (16:52 GMT). The dollar was bolstered after the Labor Department reported that import prices rose 0.4% last month, compared to forecasts for a more modest increase of 0.3%.
Investing.com - The dollar pushed higher against a currency basket on Thursday, boosted by data showing that U.S. import prices rose more than forecast in February, fueling expectations for a pickup in inflation this year.
Investing.com - The U.S. dollar held steady near recent lows against other major currencies on Thursday, as U.S. political turmoil and concerns over a potential global trade war continued to weigh.
With its another bounce towards the 1.3000–1.3010 horizontal-region, the USDCAD seem capable enough to surpass the same during this time and may even rise to 61.8% FE level of 1.3040. In case if the pair again fails to clear the 1.3010, the 1.2920 and an upward slanting trend-line, at 1.2865, can entertain counter-trend traders. Alike USDCAD, the EURCAD is also near to short-term important resistance-line, it’s a week-long descending TL figure of 1.6050 in this case, breaking which the pair can rally to the 1.6120 and then to the 61.8% FE level of 1.6215.
Investing.com - The dollar was pinned near one-week lows against a basket of the other major currencies on Thursday as concerns over trade protectionism and political turmoil in Washington continued to weigh.
Forex produces a rather choppy trading on Wednesday, but the U.S Dollar was fractionally stronger against the Euro and Pound. Gold produced a consolidated session yesterday.
The pair was bit choppy during the Wednesday’s session as the 1.24 level continues to be resistive. But in the longer term, the market is likely to rally higher once it breaks above its psychological level of 1.25 level and is also a structural standpoint. The market is very well supported at the 1.23 level and 1.21 level underneath on the short-term and because of that buyers will keep getting attracted towards this market. …Read MoreGBP/USD
Investing.com - The dollar remained soft against other currencies in Asia Thursday morning as an increasingly hawkish U.S. government intensified global trade tensions that are pushing investors to sell risky assets and lifting Japanese yen.
The US dollar fell initially against the Japanese yen during trading on Wednesday but continues to find resiliency near the 106.25 region. I think currently this pair will be a great barometer for risk appetite, as there are a lot of mixed signals right now.