|Day's range||113.39 - 113.653|
|52-week range||104.6670 - 114.5110|
The U.S. dollar was higher on Friday, as investors turned their focus to the expected Federal Reserve rate increase next week, even as uncertainty over next year’s hikes kept gains in check. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.5% to 97.52 as of 5:20 AM ET (10:20 GMT). "There is a lot of disagreement in the markets over the Fed's rate hike course in 2019 with traders expecting anywhere between one to four rate hikes," said Michael McCarthy, chief markets strategist at CMC markets.
Some weak numbers out of China this morning weighed on the Aussie Dollar and Kiwi Dollar early, with a busy economic calendar putting focus on the EUR & USD
Investing.com - The U.S. dollar was higher on Thursday, as the number of people who filed for first-time unemployment benefits hit a two-and-a-half month low.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.19% to 97.20 as of 10:18 AM ET (15:18 GMT).The dollar was boosted after the U.S. Department of Labor said that the number of individuals applying for initial jobless benefits in the seven days ended Dec. 8 decreased by 27,000 to a seasonally adjusted 206,000. ...
The US dollar continues to grind a bit higher during the trading session on Thursday, as the Japanese yen continues to soften. However, we are in a very tight consolidation range overall, so I’m not looking for much out of this market between now and the end of the year.
The British pound has rallied a bit during the trading session on Thursday, but as you can see marked on the chart, I have a yellow circle suggesting where the sellers will probably come in and start jumping on this pair again.
Unless breaking the 1.2715-20 resistance-confluence, GBPUSD’s recent pullback can continue nurturing doubts about its strength to target the 1.2850 level. Given the pair’s ability to rise above 146.00, the 146.50, the 146.80 and the 147.30 can please the buyers.
Today, in the EU markets’ focus is the ECB meeting, which often causes strong volatility. Mario Draghi is expected to confirm that the Central Bank will finally stop buying assets by the end of this year.
Investing.com - The U.S. dollar was flat, while the British pound edges down on Thursday in Asia after U.K. Prime Minister Theresa May won a vote of confidence in her leadership of the Conservative Party.
Investing.com - The U.S. dollar was pushed back by a surge in the pound as traders bet UK Prime Minister Theresa May will survive a vote of no confidence.
Investing.com - The U.S. dollar was lower on Wednesday, as inflation data underlined expectations that the Federal Reserve will slow its pace of rate hikes in 2019.The Labor Department said its consumer price index was unchanged from a month earlier, slowing from the 0.3% increase seen in October. Analysts had forecast a 0.1% increase.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.3% to 97.09 as of 10:11 AM ET (15:11 GMT). ...
The US dollar tried to rally during the trading session on Wednesday but struggled to continue going higher as one would expect as we have seen resistance just above recently.
The British pound recovered a bit ahead of the confidence vote on Teresa May during the day on Wednesday, slamming into which should be resistance at the ¥143 level. Ultimately, this is a market that is in a downtrend, and I think at this point we are simply trying to cover shorts ahead of the vote.
Although USDJPY’s U-turn from 100-day SMA & support-line of short-term symmetrical triangle helped it cross 50-day SMA, the triangle-resistance, at 114.00, could challenge the pair’s strength. Given the buyers’ ability to surpass 114.00 barrier on a daily closing basis, the 114.55 and the 115.00 might entertain them before pleasing with 61.8% FE level of 115.30. On the contrary, 50-day SMA level of 113.00 and the 112.55 can offer immediate supports to the pair ahead of highlighting 112.35-30 support-confluence for one more time. If at all prices slid beneath 112. ...
Investing.com - The British pound edged up on Wednesday in Asia despite headlines that a no-confidence vote is to be called on U.K. Prime Minister Theresa May's leadership of the Conservative party.
Investing.com - The dollar rose against its rivals Tuesday on higher-than-expected U.S. wholesale inflation and a slump in the pound amid growing uncertainty over UK Prime Minster Theresa May's future.
Investing.com - The U.S. dollar inched higher on Tuesday, as a leading indicator of inflation rose, increasing pressure on the Federal Reserve to raise rates.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.13% to 97.31 as of 10:29 AM ET (15:29 GMT).The core producer price index increased more than expected in November. The Federal Reserve keeps its eye on this data because, when producers pay more for goods, they are more likely to pass price increases on to the consumer. ...
The US dollar initially fell during trading on Tuesday but has found buying pressure underneath in continuation of the bullish candle that had formed on Monday.
The British pound tried to turn around and rally during the trading session after a horrible session the previous day on Tuesday. The market has formed a very ugly looking candle stick, and it looks like we are going to continue to see major issues.
Investing.com - The U.S. dollar slid lower against a currency basket on Tuesday while the pound found some support after a steep selloff in the previous session in the wake of a shock decision by British Prime Minister Theresa May to delay a key vote on Brexit.
Investing.com - The U.S. dollar slipped on reports that Beijing and Washington are preparing their next stage of trade talks, while the pound remained near 20-month lows after British Prime Minister Theresa May called off Tuesday’s vote on her Brexit deal.
The Euro continues to witness a lot of selling pressure above the 1.14 level and on Monday’s session, it pulled back significantly after reaching the 1.1450 level above. The GBP has broken the major support level at 1.27 level in the yesterday’s session, reaching down towards the 1.25 level. The AUD hovered just above its important support level at 0.72 level in the yesterday’s session as a lot of headlines crossing the market suggesting US and China struggle on inking any trade pacts.
Investing.com - The dollar rose against its rivals Tuesday, helped by a plunge in the pound to 21-month lows after UK Prime Minister Theresa May called off a vote on a Brexit deal expected Tuesday, raising further uncertainty about the country's exit from the European Union.