The dollar remains in a vulnerable spot once again, with USD/JPY eyeing a potential drop below 148.00 and inching back towards a retest of the October low at 147.27. Meanwhile, the antipodeans are off to a strong start this week with AUD/USD and NZD/USD both climbing above their respective 200-day moving averages in sealing a
There isn’t much on the data docket to kick things off in the new week in European trading later. The dollar is trading more mixed on the day, with USD/JPY having earlier touched a low of 148.90 before holding around 149.15 currently – still down 0.2%. But commodity currencies are marginally lower against the greenback,
The changes among major currencies are mostly relatively light so far on the day, outside of the antipodeans. EUR/USD is flattish around 1.0480 now and seen holding within a 34 pips range only today. There are large option expiries at 1.0495 that are in play to keep price action pinned just below 1.0500. Meanwhile, USD/JPY
It’s a light data agenda ahead to open the week in Europe: This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are GMT. The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to
Happy Monday. The Fed blackout went into effect on Saturday but we did hear from Nick Timiraos, who wrote what everyone already knows: That a pause is coming in Sept and that some officials see risks as balanced while others are still hawkish. I wouldn’t expect any of those opinions to shift today with a
Major currencies aren’t doing a whole lot though the dollar is mildly softer as we look towards European morning trade. The ranges are still relatively narrow, so let’s see if there will be any appetite to stretch them out later on. Stocks are at least enjoying a decent showing since Friday last week, with the
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not