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Forex: USD/JPY keeps falling

FXstreet.com (Córdoba) ? The dollar weakened again to the Yen for second day in a row. USD/JPY is edge toward last week lows at 94.50. The pair has lost today so far 146 pips. Current price at 94.72 represents a fall of 1.30% from the opening price. Dollar started to fall during the Asian session and continued in the same way during the European and the American. The next support zone is located at 94.50 and below 94.00. Yen

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Canadian Dollar Loses Ground as Equities Fall

The Canadian dollar saw some brief strength overnight, but a drop in equity markets is dragging the loonie lower.Broader U.S. dollar weakness helped the Canadian dollar make modest gains overnight.USD/CAD then spiked lower in what currency strategists said was a relief rally following an in line U.S. nonfarm payrolls report. The cross hit a session low at 1.2766 CAD following the report. However, strategists are not expecting the relief rally to last. U.S. equity markets already are

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US MBA Mortgage Applications rise a 2% in the 1st of May week

FXstreet.com (Barcelona) For more information, read our latest forex news.

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Euro and Pound rise on better than expected ADP Employment report

FXstreet.com (Barcelona) ? ADP expects a private employment loss of about 491,000 in the U.S. April, a number somewhat lower than the 650,000 decline expected, which could point out to a slowdown on the unemployment growing pace we have been seen in the last months.EUR/USD has been favoured by the ADP report and the pair has jumped from levels around 1.3280 to a new intra-day high at 1.3360 right after ADP data was released.GBP/USD has jumped from levels right above

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Forex: USD/JPY keeps falling

FXstreet.com (Córdoba) ? The dollar weakened again to the Yen for second day in a row. USD/JPY is edge toward last week lows at 94.50. The pair has lost today so far 146 pips. Current price at 94.72 represents a fall of 1.30% from the opening price. Dollar started to fall during the Asian session and continued in the same way during the European and the American. The next support zone is located at 94.50 and below 94.00. Yen

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GBP/USD building long-term bottom

FXstreet.com (Jakarta) - The GBP/USD fell after the UK?s budget forecast the deepest contraction in modern times and deflation before a modest recovery in 2010. After breaking its downtrend, the GBP/USD is building a long-term bottom. Today the pair broke the 1.45 handle, currently testing the 1.44 support. If the support is broken, the pair will likely fall to the 1.42-area support. ?However, we believe it will trade in the 1.44-1.50 area,? said Hans Nilsson, analyst at CMS Forex.For more

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USD may resume trend in Asia

FXstreet.com (Buenos Aires) - Major currencies ended with no change Monday as holidays in U.K. and the U.S. set a very low trading volume. Some rise in risk aversion due to North Korea nuclear test, gave dollar some air after past week free fall. But was Japanese yen the most harmed by such spike, as the currency lost ground in early trading. However, dollar continues bearish across the board, and would take little to see greenback resume the downside trend.Dollar

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GBP/USD; Sterling breaks below 1.4585 support

Fxstreet.com (Jakarta) - GBPUSD breaks below 1.4585 support, suggesting that the uptrend from 1.3654 (Mar 11 low) has completed at 1.5066 level already. Further fall is still possible in a couple of days, and the next target would be at 1.4200-1.4250 zone. ?Initial resistance is at 1.4600 followed by 1.4675, as long as the pair stays below 1.4675 level, the short term downtrend from 1.5066 will continue,? said Franco Shao, an analyst at ForexCycle.com.For more information, read our latest

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Dollar fell across the board even against the Yen

FXstreet.com (Córdoba) ? In a day that financial markets respond with optimism to new economic data the dollar fell across the board. Not even against the yen the greenback could rise. Normally, in days like these when markets went up and riskier assets benefit the dollar used to fall against European currencies but gain to Japanese yen. Today that didn?t happen and dollar fell also against the yen. During the American Session USD/JPY broke support area at 99.30 and

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