The U.S. dollar dipped on Friday, the last trading day of the first quarter, while the Japanese yen and the euro bounced higher.
The ICE dollar index DXY -0.35% , which measures the greenback against a basket of six other currencies, traded at 78.842, down from 79.176 in late North American trading on Thursday.
“Month-end, quarter-end and Japanese fiscal year-end flows continue to dominate,
The euro rose toward a one-month high on prospects European finance ministers will agree to increase rescue funds at a two-day meeting starting today.
The 17-nation euro was poised for its biggest quarterly gain versus the yen in 11 years before data forecast to show German retail sales increased. The yen strengthened against most of its 16 major peers after data showed Japanese consumer price
It is frustrating to digest the same FX story day after day while other asset classes see movement. Of late, during North America, watching some of the price action is like watching paint dry. It seems that more chatter is putting further emphasis on month and quarter-end requirements and what we are supposed to expect. The meeting of both tend to muddy the FX market and destroy many traders play
US Dollar technical positioning continues to broadly favor gains while the S&P 500 continues to cautiously probe lower toward trend-defining support. S&P 500 – Prices continue to drift lower after putting in a bearish Harami candlestick pattern below the top of a Rising Wedge chart formation carved out since late November. Yesterday’s break of support at 1408.80, the 38.2% Fibonacci expansion lev
Forexsq.com - The euro was within 0.5 percent of a one-month high after a draft statement from European finance ministers showed governments are preparing to increase rescue funds when they meet tomorrow.
Europe’s common currency was poised for its first quarterly gain against the U.S. dollar since June before data forecast to show unemployment in Germany, the region’s biggest economy, remaine
Forexsq.com - The yen rose against all of its 16 major counterparts as Asian stocks extended a global slump in equities, boosting demand for haven assets.
Japan’s currency extended gains against the dollar amid speculation the country’s companies will repatriate overseas earnings before the end of the fiscal year on March 31. The yen also advanced after data showed Japanese retail sales rose m
Forexsq.com - The US Dollar is challenging the confines of the downward trajectory established from mid-March while the S&P 500 is inching lower toward key support. S&P 500 – Prices followed a bearish Harami candlestick pattern identified yesterday with a break of support at 1408.80, the 38.2% Fibonacci expansion level. Sellers now target support at the bottom of a Rising Wedge chart formation ca
forexsq.com - It's not over 'till it's over, as the saying goes. The present president of the European Central Bank (ECB) Mario Draghi argued that the worst of the Euro crisis is over. Apparently so confident does he feel that he could turn to other concerns, like the one traditionally engaging the ECB, inflation. Draghi argued: Should the inflation outlook deteriorate, we will immediately take p
The yen gained versus all of its major counterparts as investors flocked to refuge assets amid a decline in Asian equities.
The euro held near a one-month high against the dollar before a meeting this week where European finance ministers are expected to agree to bolster the region’s debt-crisis firewall. The greenback strengthened against the Australian and New Zealand dollars before a report
The dollar slipped against major rivals during Asian trading on Wednesday but gained ground on the yen, while the euro held steady ahead of a handful of economic releases due later in the day.
The ICE dollar index /quotes/zigman/1652083 DXY +0.12% , which measures the U.S. unit against a basket of major rivals, traded at 79.058, down from 79.087 in North American trade late Tuesday.
The dollar turned lower versus the euro Monday and trimmed a gain versus the Japanese yen after U.S. Federal Reserve Chairman Ben Bernanke warned that faster economic growth was needed to ensure further declines in unemployment.
The ICE dollar index DXY -0.30% , which tracks the greenback against a basket of six major currencies, traded at 79.126, down from 79.344 late Friday in North America
Trading in the direction of the trend is something that is constantly mentioned in trading…and for good reason. A trader should trade in the direction that the market is taking the pair, NOT in the direction that they think the pair should be going. When this practice is adopted, the trader will find themselves entering into higher probability trades and increasing their chances of having a winni
The euro weakened against the dollar and the yen, trimming two days of gains.
Europe’s shared currency depreciated 0.2 percent to $1.3332 at 8:18 a.m. London time, after gaining more than 1 percent in the past two days. It was 0.2 percent lower at 110.44 yen, after advancing more than 1.5 percent in the previous two days.
Forexsq.com - The euro rose for a second day against the yen on prospects Europe may agree to combine two rescue funds to halt the spread of its sovereign-debt crisis.
The 17-nation euro also gained before a report forecast to show German business confidence held at the highest since July. The greenback advanced against the yen before a U.S. report this week that may show orders for durable go
The dollar fell against the euro and some other major currencies during Japanese trading hours Friday, giving back some of the gains made the previous day despite a broad selloff in Asian equities.
The ICE dollar index DXY -0.45% , which measures the greenback’s performance against a basket of six major rival currencies, eased to 79.724 from 79.745 in North American trade Thursday.
