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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: 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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Yen Continues Falling as Nikkei Closes at Three Month High

The Japanese yen is weaker across the board as the Nikkei stock index hit a three-month high on Monday.The move comes as the Japanese Nikkei picked up another 1.24% on Monday, bringing the index to 8857.93 - its highest close since Jan. 8.On Monday, Japanese Finance Minister Kaoru Yosano said Prime Minister Taro Aso wants his new stimulus package to be in excess of 2% of GDP. He also said the package would be unveiled on April

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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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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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Low volume and range trading characterized Friday

FXstreet.com (Córdoba) ? The Dow Jones Industrial Average transit between gains and losses during the trading session and finally ended up 0.5%; for the week gained 1.7%. In Forex activity was characterized by low volume and range trading; with no mayor moves across the board. USD/JPY ended the American session lower but above 99.00. GBP/USD rose after starting at a session low at 1.4825. The pair moved in an up trend constantly but with quiet moves topping at 1.4920.

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