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USD/JPY: Dollar drops further; below 7-week low at 95.15

FXstreet.com (Barcelona) - The Dollar continues its decline from 99.60 high and the pair reaches levels below 95.00, fresh 7-week low, after hitting 94.80 low shortly after Euro Zone GDP and CPI data was released.The Dollar stands now at support level at 94.85, and in case of further dipping, next support levels could be located at 94.15 (Mar 20 low), and 93.55 (Mar 19 low).Below 95.00, Carol Harmer, technical analyst at Charmer Charts, forecasts further decline to 93.55: Buyers are

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Forex: USD/CHF: Dollar weakens further and tests 1.0895 level

FXstreet.com (Barcelona) - The Dollar continues depreciating against the Swiss Franc, decline from 1.1265 intra-week high ion May 18 has extended to test 1.0895 support level on Friday's European session.According to Rajoo C, technical analyst at Charmer Charts, the Dollar could dip further today: Hourly Trend is Sideways Down and Daily Trend is also Sideways Down, so expect the price to make lower lows but the downside may be limited. The patterns are suggesting a price projection of 10780 or

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Forex: USD/JPY: Dollar rises to 98.50 level

FXstreet.com (Barcelona) ? The Dollar continues climbing against the Yen and getting back losses of the last weeks; recovery reaches already 98.50 resistance level ; 50% Fibonacci retracement of April 6 to 28 decline.According to Greg Holden, Technical analyst at Forex Yard, the improvement of the global economic situation is weighing on the Yen: ?Thus the most safe-haven currency as of late plummeted as a result of both improvements in Japan and America's economy. The JPY also slid against the

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Sterling continues struggling

FXstreet.com (Buenos Aires) ? GBP/USD, not much change since last update, pair continues struggling with the ascendant trend line coming from 1.4702 low, yet finally open a candle under it, still a break due to lateralization in price action, no clear bearish signal so far.?However, trend is changing to the downside, as 20 SMA slope is down in the hourly,? said Valeria Bednarik, collaborator at FXstreet.com. Indicators are exhausted in the chart, so the downside will probably remain limited for

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Forex: GBP/USD: Pound continues weakening; down to 1.4515 intra-week low

FXstreet.com (Barcelona) ? The Pound continues losing ground against the Dollar and at early European session the Stterling is testing 1.4515 support level, Apr 27 low.In case of further decline, below 1.4515, next support level could lie at 1.4440 (Apr 23 low) and 1.4395 (Apr 22 low), below here, next support could be 1.4350. On the Upside, the Pound could find resistance at 1.4550, and above here, 1.4615/30, and 1.4650.According to Tim Salem, collaborator at FXstreet.com, the Pound will continue

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EUR/USD: Decline from 1.3385 hits intra-day low at 1.3190

FXstreet.com (Barcelona) ? The Euro has reversed widely previous gains and after having peaked at 1.3385, EUR/USD has suffered a downward correction that has driven the pair down to 1.3190 intra-day low on early U.S. session. At the moment the Euro trades around 1.3240.Valeria Bednarik, collaborator at FXstreet.com observes the Euro decline as a corrective move after two days of continuous climbing: ?Pair continues correcting after past two days upside run and braking under the 38.2% of the last up

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Forex: EUR/USD is back above 1.3200

FXstreet.com (Barcelona) - After falling around 195 pips and reverse its initial gains from 1.3385 to 1.3190, intra-day low, the EUR/USD has begun to rise and it has reached 1.3280 level. Currently the pair is trading around 1.3235/45 after falling 0.20% so far today from opening price action at 1.3267.According to Valeria Bednarik, FXstreet.com collaborator, EUR/USD continues correcting down: Pair continues correcting after past two days upside run and braking under the 38.2% of the last up leg and tending

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Canadian Dollar Continues to Slump on Swine Flu and U.S. Banking Concerns

The Canadian dollar is giving back most of its recent gains Tuesday morning as investors move into safe haven currencies such as the U.S. dollar and the Japanese yen. Concerns over the U.S. banking sector and the swine flu epidemic are adding to the negative sentiment.During the last five sessions, the Canadian dollar was one of the top performing currencies against the U.S. dollar, but circumstances changed Monday afternoon after investors reacted to concerns of a flu

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Forex: EUR's advance continues, 1.4040, fresh 4-month high against USD

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