|Day's range||0.769 - 0.773|
|52-week range||0.7330 - 0.8136|
The U.S. dollar was lower against a basket of other currencies on Monday as news of progress on Brexit caused sterling to surge. “Decisive steps” have been made between the United Kingdom and the European Union on the agreements of the Brexit transition deal, officials said on Monday. The draft withdrawal bill was jointly published by the UK and EU and showed that complete agreement had been reached on Phase 1 points negotiated in December in regards to financial settlement and citizens’ rights.
Investing.com - The U.S. dollar held steady against other major currencies on Monday, as investors turned their attention to this week's Federal Reserve policy meeting.
There are no major reports today but traders should be on their toes for any news about possible tariffs against China, retaliation in response to President Trump’s recent tariffs on steel and aluminum and more shake-ups in the White House.
The pair broke down significantly during the Friday’s session reacting to the stronger than expected Industrial Production figures from US reported month over month. If the pair succeeds to break above the 107.50 level, then it will change the course of this market and will go towards the 110 level next.
Investing.com – The dollar dropped below the 90 mark as the Asia market opened on Monday morning. Boosted by risk aversion, the anti-risk Japanese yen performed the best last week and continued to remain strong as the Asia market opened on Monday.
The major market driving events this week will be the Federal Open Market Committee’s (FOMC) Economic Projections, FOMC Statement, Federal Funds Rate decision and FOMC Press Conference.
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 Australian dollar initially rallied during the week, but as you can see on the chart the 0.79 level has caused a bit too much in the way of resistance to continue going higher. In fact, we rolled over very significantly and went careening into the 0.7750 level below.
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 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 .7797, the direction of the AUD/USD the rest of the session is likely to be determined by trader reaction to the Fibonacci level at .7790.
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.
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.
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.
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 Australian dollar has broken out to the upside during trading on Wednesday, showing signs of strength yet again as we have clear the 0.79 level. However, as I record this video it looks as if we may have a pullback in the cards.
Investing.com - The U.S. dollar held onto modest gains against other major currencies on Wednesday, as investors eyed the release of fresh U.S. economic reports following Tuesday's tepid inflation data and concerns surrounding new U.S. political turmoil.
Successful break of short-term descending trend-line and an ascending trend-channel favors the AUDUSD’s further upside with 0.7900 being nearby resistance to counter prior to meeting the channel’s upper-line of 0.7930. In case if the pair disobeys channel formation by surpassing 0.7930, the 0.7985-90 horizontal-line seems crucial for buyers to watch, breaking which chances of the quote’s rally to 0.8045-50 can’t be denied. If the pair declines below 1.7595, the 1.7525 and the 1.7495, comprising 100-day SMA, are likely intermediate halts that it can avail prior to reigniting the importance of an upward slanting trend-line, at 1.7385 now.
The pair exploded higher during the Tuesday’s session reaching towards the $1.2380 level, ultimately which will send this market towards the 1.24 and 1.25 level eventually. On the weekly chart, the pair has formed a bullish pattern and should continue to move higher towards the 1.32 level in long-term. Short-term pullback offers good buying opportunity to this market and going forward, this market will continue to see a lot of noise and volatility. …Read MoreGBP/USD
The Australian dollar has been very noisy during trading on Tuesday, as we strive to break above the 0.79 level. We are seeing a little bit of a push back, but ultimately this pair does look rather healthy.
Investing.com - The U.S. dollar extended its losses on Tuesday, dampened by inflation data and political turmoil as Secretary of State Rex Tillerson was fired.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.29% to a session low of 89.63 by 12:15 PM ET (16:15 GMT).Inflation rose as expected on Tuesday, easing expectation of the Fed hiking up interest rates at a faster pace. The Labor Department said its consumer price index increased 0.2% last month. In the 12 months through February, the CPI rose 2.2%. ...