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Dukascopy Morning Forex Overview - Sept 15 09
Previous session overview The dollar edged higher against the yen in Asia Tuesday, as Japanese importers bought the U.S. unit for a regular settlement, but dealers said the greenback will likely resume its downward trend again soon. Remarks by Japan’s outgoing finance minister Kaoru Yosano on...
Dollar Gains on Unexpected Employment Data
EUR/USD declined today as the unexpected data on the May employment market situation surprised and confused the Forex traders. After growing during the early trading session, EUR/USD is now trading at its June’s low near 1.3965. Nonfarm payrolls decreased by 345k...
GBPUSD might be forming a cycle top at 1.4609
GBPUSD might be forming a cycle top at 1.4609 level on 4-hour chart and the fall from 1.4609 could possibly be resumption of downtrend from...
JPY buying into the fix
As I wrote earlier, normally one sees USD buying and JPY selling on the 10th of the month but today we are seeing the opposite with JPY buying pushing the USD/JPY to a session low at 97.17 and EUR/JPY to 136.70. Not much in the way of bids until 96.60 in USD/JPY I’m told, but it is doubtful...
USDCHF stays in a trading range between 1.0461 and 1.0624
USDCHF stays in a trading range between 1.0461 and 1.0624. Support is at 1.0461, as long as this level holds, another rise to re-test 1.0675...