usd rally to continue next week
USD/JPY falls below 94.80, fresh 7-week low
FXstreet.com (Córdoba) ? The Yen strengthen and is rising across the board. USD/JPY rally downside form 95.55 to the 7-weeks low at 94.70. The pair is testing that zone. Next support level is 94.15 (March 20 low). Current price is 94.79 which is 1.22% below opening price. Also against European currencies the Yen is gaining, recovering yesterday losses and heading toward the lows of the week.For more information, read our latest forex news.
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Sterling Falls as U.S. Equity Rally Fades
U.S. equities are having trouble holding gains and that uncertainty is helping drag sterling down against the U.S. dollar and euro.Tuesday's equity rally initially supported cable, but FX markets are unconvinced that the rally has any staying power. That uncertainty is continuing into Wednesday's trading session as GBP/USD moves closer to the lower end of its range.In overnight trading, cable hit a session high of 1.3839. However, those gains appear to be short-lived and the pair is
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Wall Street ends 6-week rally; Yen renews strength
FXstreet.com (Córdoba) ? The Dow Jones Industrial Average rose today 1.50% and ended above 8.000 but failed to continue the weekly rally ending a period of six straight weeks of rises. Related what happened in markets, currencies that used to gain strength during times of risk aversion had a comeback. The Japanese yen appreciated against USD, GBP and EUR; but lost to CHF. These movements show an increase in the price of those currencies associated with refuge positions. USD/JPY closes
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Canadian Dollar Continues to Jump Around With Equity Markets
A late afternoon rally in equities on Thursday helped the Canadian dollar remain within its current channel against the U.S. dollar. The USD/CAD continues to have trouble holding gains above 1.25.U.S. equities remain the main theme for risk aversion and are dominating currency markets. Strategists said they expect any rally in U.S. stocks to hurt the greenback, and for a sell-off to support it. According to strategists, the late afternoon rally on Thursday was a result of
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EUR/USD stays below 1.3500; USD/CHF above 1.1200
FXstreet.com (Córdoba) ? U.S. rally during the American session against Euro. EUR/USD fell from 1.3615 to 1.3460. So far today the pair is down 1.09%. The euro is ending a three-week rally, after being unable to break above 1.3750 (March highs). The dollars also strengthen against the Swiss Franc and the Cable. GBP/USD didn?t reach new lows showing a stronger Pound comparing to the rest of the European currencies. The pair was unable to fall below 1.5125 but is
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Gains in U.S. Dollar Cast Doubt on Equity Rally
A late-day rally in USD/CAD points to skepticism that Tuesday's equity rally will last.Positive sentiment in the early part of the trading session helped drag USD/CAD lower, but the U.S. dollar showed a strong rally after hitting session lows at 1.2726 CAD. The cross is now trading just below 1.29 CAD.Risk appetite sentiment rose in markets following some positive news in the U.S. banking sector. According to an article in the New York Times, Citigroup earned more
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Points techniques pour les principaux cross
EUR/USD : 1.3665 L'EUR/USD a continué son rally haussier hier, il croît de 170 pips passant d'une cotation de 1.3485 contre 1.3660 en fin de journée. Ce matin la parité reste stable, elle oscille dans un range resserré compris entre 1.3617 et 1.3680. A noter que le cross est au plus haut depuis début janvier. La tendance ascendante pourrait se confirmer aujourd'hui si les marchés boursiers s'orientent à la hausse. Ecart prévu* : 1,3605 - 1.3795 GBP/USD : 1.4530 Hier le câble a aussi continué sa progression et s'adjuge près
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Markets fell for the day and week; Yen biggest gainer
FXstreet.com (Córdoba) ? Wall Street fell Friday. Dow Jones Industrial Average lost 0.75% and Nasdaq 0.54%. The technological index also finished the week with losses ending a 9-week streak with positive results. The Yen was the biggest gainer for the week. On Friday the Asian currency was able to recover Thursday losses and go further against some pairs like the dollar. Greenback rally against Euro and Swiss Franc but was unable to maintain a slightly recovery to the Yen.
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Closing Market Recap: Huge Gains For Stocks But Dollar Suggests More Trouble
(CEP News) • S&P 500 Jumps 6.4% • Late-Day Gains in U.S. Dollar Cast Doubt on Equity Rally • Gold Falls to One-Month Low • Oil Turns Lower After Early Rally • Treasury Yields Higher by 8-12 Basis PointsStocks Jump Most in 2009 as Financials Rebound The U.S. financial sector led a mammoth stock market rally on Tuesday in the biggest one-day gain since November 2008. The Dow Jones industrial average closed up 379 points, or 5.8% to 6926, the S&P 500 closed up
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Dollar could lose momentum
!--TITOL: h1Dollar could lose momentumFITITOL--FXstreet.com (Buenos Aires) - The belief that the worst of global economic turndown is over is likely to continue this week, and dollar could weaken partially against major rivals, losing its safe haven condition. However, Euro won?t find an easy way up as reports last week showed huge contractions in economies throughout Europe and that should pin down any rallies in the single currency. Also, this week the U.K. will present their inflation numbers, and that
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