|Day's Range||1.128 - 1.128|
|52 Week Range||1.1110 - 1.1815|
Investing.com - The U.S. dollar was flat on Friday as a slight uptick in core inflation failed to deter expectations that the Federal Reserve will cut rates at the end of July.
Investing.com -- The dollar was broadly weaker across the board early Friday in Europe, with commodity currencies making a comeback after two days of Congressional testimony from Federal Reserve Chairman Jerome Powell that made a bias to easing monetary policy crystal clear.
Investing.com - The U.S. dollar inched down on Thursday, extending losses made after comments from Federal Reserve Chairman Jerome Powell raised expectations that the central bank will cut rates at its next meeting.
Shares rose Thursday in Asia, tracking gains on Wall Street after Federal Reserve Chairman Jerome Powell suggested the U.S. central bank is ready to cut interest rates for the first time in a decade.
Investing.com -- The dollar was mostly lower in early trading in Europe Thursday, extending losses made on Wednesday after Federal Reserve Chairman Jerome Powell dropped his clearest hint yet that the central bank will cut interest rates at its next policy meeting at the end of the month.
Investing.com -- The dollar was higher against the British pound and emerging market currencies in early trading in Europe Wednesday, but range-bound against most of its peers as the market braced for Federal Reserve Chairman Jerome Powell’s two days of testimony before Congress.
Investing.com - The U.S. dollar rose towards a three-week high on Tuesday as hope dampened that the Federal Reserve will ease monetary policy aggressively, while worry over U.S.-China trade tensions hitting corporate profits contributed to an equity sell-off on Wall Street.
President Donald Trump wants a weaker dollar, but there are questions as to how he could devalue the nation's currency and whether or not the Fed would be willing to help out.
BoJ Governor mentioned that the Bank would make necessary adjustments in the monetary policy to attain its inflation target. After facing a severe pullback on July 5, the EUR/USD pair had appeared to cling near 1.1228 mark.
The Euro continues to chop back and forth during the trading session on Monday, as we continue to see a lot of volatility. Looking at this chart, there is a significant amount of support underneath, but also has been very negative.
Based on the early price action, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the downtrending Gann angle at 1.1233.
A sharp fall last week in EUR/USD has caused a lot of technical damage. The real questions, however, is if the exchange rate will continue the momentum.
Based on the early price action, the direction of the September U.S. Dollar Index on Monday is likely to be determined by trader reaction to the downtrending Gann angle at 96.830.
Equity-market benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all declined on Monday after relatively strong U.S. employment data reported Friday tempered hopes the Federal Reserve will cut interest rates later this month.
Investing.com -- The dollar was slightly lower in early morning trading in Europe, but holding on to most of the gains it posted after Friday’s stronger-than-expected U.S. employment report forced a rethink on the Federal Reserve’s future interest rate path.
Investing.com - The U.S. dollar slipped on Monday in Asia after jumping to a three-week high on a better-than-expected jobs report that dampened expectations the U.S. Federal Reserve will cut rates aggressively to combat a slowing economy.
It’s a busy week ahead on the economic calendar, but it all may come down to FED Chair Powell’s testimony and updates from trade talks…
Based on Friday’s price action, the direction of the EUR/USD on Monday is likely to be determined by trader reaction to the short-term Fibonacci level at 1.1224.
Positive news from the G20 Summit got the week off to a positive start, with a jump in nonfarm payrolls wrapping things up on Friday… There was plenty in between, however.
Judy Shelton, President Trump’s planned nominee to the Fed board, said a rate cut is needed because Europe is getting ready to devalue the euro.
Today, on an overall basis, the USD bulls appeared overtaking the USD bears, making the Greenback conquer new levels. During today’s session, the Loonie had lost some significant pips as Canadian June Net Employment figures missed estimates.
The Euro broke down significantly during the week, breaking below the bottom of the shooting star from the previous session. At this point, we are starting to test support again.
The Euro fell apart during the trading session on Friday as the jobs number in the United States came out stronger than anticipated. We have been drifting lower to begin with, so this was more or less of reason to continue to go to the downside.
Investing.com - The U.S. dollar jumped on Friday after the economy added more jobs than expected in June, dampening expectations that the Federal Reserve will cut rates aggressively to stave off a slowdown.