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Forex: USD/JPY losts initial gains and falls to 94.75

FXstreet.com (Barcelona) - After trading in a small range between 95.00 and 95.20 during the late Asian and European session, the USD/JPY has been rejected by the 95.20 resistance in the early American session and it has fallen around 45 pips to find support at 94.75 (EMA55 level). Currently the pair is trading around 94.80, same today's opening price action.Valeria Bednarik, FXstreet.com collaborator, comments that USD/JPY is in consolidation mode: Pair regained the upside during Asian session, and continues consolidating

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Forex: AUD/USD: Aussie breaks above 0.7100; 0.7230 on sight

FXstreet.com (Barcelona) ? Australian Dollar bounced yesterday at 0.6990 low, to rally to levels past 0.7100 in Asian session and reaching on early European session, prices around 0.7150, 1.33% above its opening price.According to the E-Forex team, the Aussie is trading under buying pressure, with 0.7230 on sight: ?As the Aussie breached above .7100, next bullish objective is seen at .7230, such move being favored on a short-term basis. Above .7230, important resistance is formed by the recent top at

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Forex (foreign exchange) Currency trading

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Forex: AUD/USD rises 1.50% to reach 0.7770, fresh 7-month high

Fxstreet.com (Barcelona) - The Australian Dollar has taken this week vigorously against the Dollar and the AUD/USD has risen more than 300 pips in two days from 0.7450, yesterday's low in the early Asian session, to reach the 0.7770, fresh 7-month high ahead the American morning. Gold is pushing pressure to the Aussie as the XAU is trading around 923.00, after falling from 930.00 yesterday's session. Also, Glenn Stevens said that Global recovery will probably happen finish 2009. AUD/USD is

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Forex: USD/CHF falls 0.60% on the day, below 1.1500

FXstreet.com (Barcelona) - After trading in a small range between 1.1550 and 1.1580 along the Asian session, the USD/CHF has fallen around 110 pips from 1.1600, in the European session, to reach the 1.1482, fresh intra-week low. Currently the pair is trading around 1.1490/1.1500, a 0.60% daily decline from 1.1564 opening price.Valeria Bednarik, FXstreet.com collaborator, says: Breaking the range to the downside, indicators support further downside in the pair, under 1.1500 zone. Price is under 20 SMA that is quickly

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USD/JPY: Dollar dropped to 97.15 low pares previous gains

FXstreet.com (Barcelona) ? The Dollar has given away during Asian session, most of the ground taken after the release of the FOMC statement; from 97.98 high reached during YU.S. session, the Dollar has dropped during Asian session to 97.15 low, to trade around 97.40 at the time of writing.On a longer perspective, the Dollar continues trading upwards from 28 April low at 95.60. Resistance levels for the Dollar lie at 98.00 intra-day high, and above here, 98.15/20 and 98.45 (Apr

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Euro Moves Higher as ISM Surprises to the Upside

This afternoon the euro is trading just off session highs. Most strategists agree that it is only a matter of time before the currency starts to weaken again.Economist Steve Butler said he is expecting the U.S. dollar to continue to win out as more bad news comes from Europe. He added that the

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Forex: EUR/USD finds support at 1.3960 and rises close to 1.4000

Fxstreet.com (Barcelona) - EUR/USD has found support at 1.3960, intra-day low and it is rising around 30 pips in the last two hours to reach 1.3995 and test the 1.4000 field. currently the pair is trading around 1.3985/95, 0.10% below today's opening price.According to the Swiss e Trade Strategy Team, the USD weakest among majors, but upward correction time is calling: EUR/USD is Consolidating its higher levels, the pair is currently trading at 1.3970 in the early European hours. We

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Forex: USD/JPY jumps up to reach 94.75, intra-day high

FXstreet.com (Barcelona) - 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.Valeria Bednarik, FXstreet.com collaborator, comments: Pair seems to be forming

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Forex (foreign exchange) Currency trading

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