|Day's range||0.991 - 1.001|
|52-week range||0.9189 - 1.0067|
Investing.com - The pound dropped below the $1.30 level on Thursday as a result of an unexpected drop in consumer spending in June, further slimming the chances of a Bank of England rate hike in August.
Investing.com – The dollar was unchanged against its rivals Wednesday as gains on the back of a slump in the pound were offset by soft U.S. economic data showing subdued housing market activity.
Investing.com – The dollar rose against its rivals Tuesday, as Federal Reserve Chairman Jay Powell gave lawmakers a positive assessment of the economy, and expects to continue raising interest rates gradually.
Should prices manage to defy the triangle pattern by conquering 1.1770 resistance, the 1.1835-40 horizontal-region may gain buyers’ attention. GBPUSD is another major which recently bounced off the support and is currently rising to confront near-term important resistance. Herein, the 1.3090-1.3100 is crucial support whereas two-month old descending trend-line at 1.3310 acts as resistance.
One of the most technical setups can be seen on the USDCHF, where Friday ended with a bearish shooting star pattern. The place, where this pattern is present is not random as it is a long-term horizontal resistance (orange). In the smaller time frames, that shooting star is additionally shaped like the head and shoulders formation, which strengtheners the sell signal.
Investing.com – The dollar was slightly lower against its rivals Monday, as in-line U.S. retail sales data, and slightly better than forecast regional manufacturing activity provided little impetus for upside in the greenback.
Investing.com – The dollar retreated from a two-week high against its rivals Friday, pressured by a rebound in the pound from an 11-day low.
Investing.com – The dollar was roughly flat against its rivals Thursday, as U.S. economic data showed the pace of consumer prices was subdued last month, but downside was limited by a slump in the yen amid easing trade-war concerns.
Investing.com – The dollar rose Wednesday as data showing U.S. wholesale prices increased at a faster pace than anticipated last month raised investor expectations for stronger inflation, increasing the prospect of further Fed rate hikes.
Investing.com – The dollar rose against its rivals Tuesday, supported by upbeat labor market data and a weaker yen, as easing trade-war fears continued to keep a lid on demand for safe-haven currencies.
Correction on the Gold was not the deepest on the record. Price managed to use the weekly hammer for an upswing but it was not spectacular. Yesterday’s candle is a shooting star and price came back below the 1260 USD/oz support and broke the lower line of the wedge. Those signs are bearish.
Investing.com – The dollar rebounded from session lows against its rivals Monday, supported by a sharp reversal in sterling after UK Foreign Secretary Boris Johnson resigned from government, raising the risk of a vote of no confidence in Prime Minister Theresa May's leadership.
Investing.com – The dollar slumped against its rivals Friday, on mixed U.S. economic data showing the economy created more jobs than expected but wage growth undershot estimates.
Investing.com – The U.S. dollar moved off its lows against its rivals but remained under pressure amid mixed U.S. economic data, and a stronger euro ahead of the release of the Federal Reserve's minutes.
Investing.com – The U.S. dollar fell against its rivals, pressured by a rise in the euro after German Chancellor Angela Merkel reached a compromise on immigration, averting a split of her fragile coalition government.
While receding political pressure at Germany helped the EURUSD witness its latest recovery, short-term symmetrical-triangle is likely to confine the pair’s immediate moves. As a result, the 1.1680 can become adjacent resistance for traders to watch, breaking which the 1.1725 may offer intermediate halt prior to fueling the quote towards two-month old descending TL, at 1.1775. In case if the pair continue rising after 1.1775, the 1.1825 and the 1.1850-55 horizontal-region could entertain the Bulls. On the contrary, the 1. ...
Investing.com – The U.S. dollar rose against its rivals buoyed by upbeat U.S. economic data pointing to underlying strength in the economy reaffirming investor expectations that the economy would be the least affected in a potential trade war with its trade partners.
Investing.com – The U.S. dollar was under pressure Friday amid a rampant euro as leaders of Europe reached an agreement on a migration deal, easing pressure on German Chancellor Angela Merkel.
Investing.com – The U.S. dollar's recent run higher against its rivals Thursday was held back by weaker U.S. economic data showing the economy expanded at a slower-than-expected rate in the first quarter of the year.
The Trump administration announced it would take a softer stance toward Chinese investment than previously reported. New orders for key U.S.-made capital goods and shipments unexpectedly fell in May, but data for the prior month was revised higher. The Commerce Department also reported that the goods trade deficit declined 3.7 percent to $64.8 billion in May as an increase in exports outpaced a rise in imports. The government department also said wholesale inventories increased 0.5 percent in May and stocks at retailers gained 0.4 percent.
Investing.com – The U.S. dollar rose sharply against its rivals Wednesday, as a rout of safe-haven currencies prompted traders to pile into the greenback after the White House softened its stance on restricting foreign investment.
Investing.com – The U.S. dollar rose against its rivals as tentative demand for risk sentiment returned, easing investor appetite for safe-haven currencies, despite heightened trade war fears and bearish U.S. economic data.
Should the pair drop beneath the 1.1640, the 1.1590 and the 1.1510-1.1500 are crucial levels for traders to watch as break of which can drag prices to 61.8% FE level of 1.1415. Given the pair’s ability to surpass the 1.1845 barrier, chances of its rally to 1.1910 & 1.1940 can’t be denied. In addition to the USDJPY’s inability to offer a daily closing below three-month old ascending trend-line, the 50-day SMA level also seems working as a strong support at present, which in-turn favors the pair’s U-turn in direction to the 109.85 and the 110.30 resistances.
Investing.com – The U.S. dollar was on the backfoot Monday, pressured by a rise in safe-haven currencies on fears an escalating trade war between the United States and its trading partners could dampened global growth.
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