Euro keeps climbing against the Dollar. EUR/USD recently went above 1.4040 to test 1.4050. The pair continues its up trend. The par has risen 50 pips during the American Session. Current price at 1.4041 is 1% above today’s opening price. EUR/USD is gaining more than 4% during the week.
Against the Yen, the Euro is also stronger. EUR/JPY broke above 132.00 rising to 132.70 which is the highest of the week. So far today the par has risen 1.11% from opening price.
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Saturday, May 23, 2009
Forex: USD/JPY hits 94.90
The Dollar rose against the Yen in the final hours of the American session after rebounding at 94.30. USD/JPY broke above 94.70 to 94.92 (intra-day high). Greenback is recovering yesterday’s losses. Next resistance lies at 95.00 and 95.20. The pair is up 0.53% from the opening price.
The yen is weaker across the board. Against European currencies is losing for the day. GBP/JPY broke an important resistance and now is at 150.85 (one-month high). EUR/JPY is above 132.00 rising 1.27% since the begging of the day.
The yen is weaker across the board. Against European currencies is losing for the day. GBP/JPY broke an important resistance and now is at 150.85 (one-month high). EUR/JPY is above 132.00 rising 1.27% since the begging of the day.
Dollar ends week in the lowest level for 2009
Greenback finished the week in the lowest level for 2009 against European currencies. To CAD and AUD is the lowest since September. Today dollar also lost ground falling across the board to new multi-month lows. The dollar index reached the lowest level since December. Markets in the U.S. fell modestly today in a light session ahead of Memorial Day holiday, getting in the negative side in the final minutes of trades. Dow Jones finish down 0.18% and Nasdaq lost 0.19%. General Motors stocks collapsed 25% on fears that the car maker would enter soon in bankruptcy.
EUR/USD rose in the week 4% and ended above 1.4000 (highest since December). The pair has been rising after bottoming on Monday at 1.3425. Since then the pair has been moving in an up trend. Against the Pound, the Euro rose today but not enough to erase weekly losses.
GBP/USD is ending the week above 1.5900. With today increase of 0.33% from opening price, the Pound has completed five consecutive days of gains against the Dollar. During the American session the pair tested the 5-month high at 1.5940 reached during the European session but failed to break above.
USD/CHF has ended the week below 1.0800 for the first time since December. The pair also fell the five days of the week completing a rally of almost 400 pips. Today the pair has fallen 0.66% from opening price.
The Dollar could only make progress against the Yen rising modestly 0.49% but not enough to recover of weekly losses. This is the third consecutive week with negative results for the Dollar. Yen lost across the board during the week but in a smaller scale compared to the greenback.
EUR/USD rose in the week 4% and ended above 1.4000 (highest since December). The pair has been rising after bottoming on Monday at 1.3425. Since then the pair has been moving in an up trend. Against the Pound, the Euro rose today but not enough to erase weekly losses.
GBP/USD is ending the week above 1.5900. With today increase of 0.33% from opening price, the Pound has completed five consecutive days of gains against the Dollar. During the American session the pair tested the 5-month high at 1.5940 reached during the European session but failed to break above.
USD/CHF has ended the week below 1.0800 for the first time since December. The pair also fell the five days of the week completing a rally of almost 400 pips. Today the pair has fallen 0.66% from opening price.
The Dollar could only make progress against the Yen rising modestly 0.49% but not enough to recover of weekly losses. This is the third consecutive week with negative results for the Dollar. Yen lost across the board during the week but in a smaller scale compared to the greenback.
Forex: GBP/USD rises 5.0% so far this week, back above 1.5900
After reaching 6-month high at 1.5945 and rejecting to levels around 1.5850, Cable has risen to take place above 1.5900 again. The pair has risen around 75 pips from 1.5850 to 1.5925, Currently Cable is trading around 1.5915/25, 0.20% above today's opening price.
GBP/USD is trading its fifth consecutive positive day after trading in Monday low at 1.5115 to win 850 pips to reach fresh 6-month high at 1.5945. The current week the Sterling is gaining almost 5.0% against Greenback from 1.5170 Monday opening to the current 1.5910.
Uptrend in cable could be focusing in 1.60 zone: "Bullish momentum continues slowly addressing to the key 1.60 zone. Hourly indicators suggest more upside bias in the pair, while price remains well bid above 20 SMA. Expected acceleration above 1.5950. Support levels: 1.5890 1.5840 1. 5770. Resistance levels: 1.5950 1.6000 1.6030."
GBP/USD is trading its fifth consecutive positive day after trading in Monday low at 1.5115 to win 850 pips to reach fresh 6-month high at 1.5945. The current week the Sterling is gaining almost 5.0% against Greenback from 1.5170 Monday opening to the current 1.5910.
Uptrend in cable could be focusing in 1.60 zone: "Bullish momentum continues slowly addressing to the key 1.60 zone. Hourly indicators suggest more upside bias in the pair, while price remains well bid above 20 SMA. Expected acceleration above 1.5950. Support levels: 1.5890 1.5840 1. 5770. Resistance levels: 1.5950 1.6000 1.6030."
Forex: EUR's advance continues, 1.4040, fresh 4-month high against USD
The Euro's climb against the Greenback continues with slow but strong pace. After reaching 1.4030 previous high and falling to 1.3975 in the American session, EUR/USD has resume its up trend and the pair has risen 65 pips to reach a new 4-month high at 1.4040. At the moment, the pair is trading around 0.70% above today's openinig price.
The current week, Euro has won 4.0% against Dollar from 1.3480 Monday opening price to reach 1.4040, 4-month high.
Despite signs advancing a correction lower, the Euro bullish trend is strong enough: "Pair reached 1.4000 and at the time, rebound there yet bullish trend is strong enough for another peak higher. Current candle open under previous doji close, suggesting the beginning of a short downside correction as long as maximum remains unbroken, that could reach the 20 SMA that’s losing steam around 1.3935."
The current week, Euro has won 4.0% against Dollar from 1.3480 Monday opening price to reach 1.4040, 4-month high.
Despite signs advancing a correction lower, the Euro bullish trend is strong enough: "Pair reached 1.4000 and at the time, rebound there yet bullish trend is strong enough for another peak higher. Current candle open under previous doji close, suggesting the beginning of a short downside correction as long as maximum remains unbroken, that could reach the 20 SMA that’s losing steam around 1.3935."
Forex: EUR/USD tests today's high
After rejecting from 1.4030, fresh 4-month high, to fall to 1.3975, EUR/USD has begun to rise above the 1.4000 field and it is testing today's high. Currently the pair is trading around 1.4005/15 after reaching 1.4025.
The Euro has been rallying continuously for the whole week and from 1.3425 low on Monday EUR/USD has reached a 4 month high at 1.4030 ahead of Friday's U.S. session opening.
Affirms that, despite signs advancing a correction lower, the Euro bullish trend is strong enough: "Pair reached 1.4000 and at the time, rebound there yet bullish trend is strong enough for another peak higher. Current candle open under previous doji close, suggesting the beginning of a short downside correction as long as maximum remains unbroken, that could reach the 20 SMA that’s losing steam around 1.3935."
The Euro has been rallying continuously for the whole week and from 1.3425 low on Monday EUR/USD has reached a 4 month high at 1.4030 ahead of Friday's U.S. session opening.
Affirms that, despite signs advancing a correction lower, the Euro bullish trend is strong enough: "Pair reached 1.4000 and at the time, rebound there yet bullish trend is strong enough for another peak higher. Current candle open under previous doji close, suggesting the beginning of a short downside correction as long as maximum remains unbroken, that could reach the 20 SMA that’s losing steam around 1.3935."
Forex: USD/JPY jumps up to reach 94.75, intra-day high
USD/JPY has risen around 45 pips in the last hour from 94.20 to reach intra-day high at 94.75. After reaching 93.85, 2-month low, in the early Asian session and trading in a small range between 94.00/30 in the Asian and European session, the USD/JPY has jumped up in the early American session to reach today's high.
Currently the pair is trading around 94.60/70, 0.80% above today's opening price.
"Pair seems to be forming a floor in the hourly chart, consolidating between 93.85 and 94.30. Now attempting to break above 20 SMA at 94.15, pair needs to break range to confirm further bias. Hourly indicators suggest upside continuations as the pair seems to not have enough sellers at actual levels. Bigger time frames also suggest pair is exhausted to the downside, daily close could be key for the pair. Support levels: 93.83 93.48 93.10. Resistance levels: 94.30 94.60 95.10."
Currently the pair is trading around 94.60/70, 0.80% above today's opening price.
"Pair seems to be forming a floor in the hourly chart, consolidating between 93.85 and 94.30. Now attempting to break above 20 SMA at 94.15, pair needs to break range to confirm further bias. Hourly indicators suggest upside continuations as the pair seems to not have enough sellers at actual levels. Bigger time frames also suggest pair is exhausted to the downside, daily close could be key for the pair. Support levels: 93.83 93.48 93.10. Resistance levels: 94.30 94.60 95.10."
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