Aug 26: USD under pressure

August 26, 2013

US dollar finds itself under pressure ahead of the durable goods orders data due today at 12:30 GMT (forecast: -3.0%; previous: +3.9%).

EUR/USD is quietly trading in the $1.3375/90 range as Friday’s growth attempt was capped by the $1.3400 mark. There are no releases scheduled in the euro zone for today, so watch the data in the US session. European officials keep giving contradictive comments: according to ECB’s Demetriades, a rate cut is ‘still in the cards’.

GBP/USD is consolidating in the $1.5560/85 range after the Friday’s volatile trade. British banks are closed for a holiday today. USD/JPY formed a spinning top at the resistance line on Friday and is trading in the 98.60 area after an initial testing of 98.80. In Japan Chief Cabinet Secretary Yoshihide Suga said today that Prime Minister Shinzo Abe will make a decision on whether to raise the country’s sales tax by early October. USD/CHF is consolidating around 0.9220 after sliding from 0.9250 on Friday.

AUD/USD keeps pushing at resistance in the $0.9040 area. NZD/USD rose by 30 pips above $0.7800. Aussie and kiwi went up as Chinese stocks gain momentum on soothing comments from the nation’s statistics service. USD/CAD spiked to hit a 1.5-month high at 1.0568 on Friday and declined to 1.0500 today.

Publication source
FBS information  FBS reviews

October 26, 2016
Revealed a larger than expected consumer confidence drop to 98.6
Asian stock markets are mostly down, with Japan a notable outperforming (closing up and indices holding on to modest gains as the Yen continued to decline against the Dollar...
October 26, 2016
AUD gains on better than expected CPI numbers
The Australian Bureau of Statistics released the consumer price index data for the third quarter. Official records showed that CPI advanced 1.3% on the year in the third quarter of 2016...
October 25, 2016
US flash Markit PMI jumped 1.7 points to 53.2 in October
Asian stock markets are mostly down, as the positive confidence indicators out of Europe and the U.S. yesterday were overshadowed by weak GDP numbers from South Korea, which weighed on most markets. Topix and Nikkei outperformed, with a weaker Yen underpinning exporters...

FBS Rating
Larson&Holz IT Ltd Rating
FIBO Group Rating
FXCM Rating
HotForex Rating
Orbex Rating

EZTrader Rating
Binary Brokerz Rating
Banc De Binary Rating
Grand Option Rating
IQ Option Rating
365BinaryOption Rating