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

December 2, 2016
Equities headed broadly south in Asia overnight
Revealed a solid 53.2 November ISM reading and a 0.5% October construction spending rise that followed big upward Q3 revisions, both of which lifted prospects for GDP. We also saw a 17k Thanksgiving week spike in claims that reversed the remarkably tight 333k Veteran's Day figure...
December 2, 2016
Silver lining for precious metals?
I do apologise in advance for bombarding you with lots of commodity reports, but ahead of Friday’s NFP report, the FX markets tend to create lots of false moves, so it is difficult to make much of todays moves...
December 2, 2016
Payrolls Friday. USDJPY doji, third time's a charm
Its payrolls Friday and the markets are expecting to see a solid print for November following Wednesday's ADP payrolls increase. Yesterday, the ISM and Markit's manufacturing PMI showed a strong increase in the reading...

XM Rating
OANDA Rating
Tickmill Rating
FOREX.com Rating
 FXTM Rating
FIBO Group Rating

365BinaryOption Rating
Porter Finance Rating
Empire Option Rating
TopOption Rating
Beeoptions Rating
Banc De Binary Rating