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FXstreet.com (Barcelona) - This week's impulsive movements brought them pair more than 400 pips... For more information, read our latest forex news.

The US dollar softened against the euro and yen Thursday on concerns over the US economic outlook. Analysts are now saying that the US economy appears to be losing momentum, and this slow-down has been weighing on the American currency against its counterparts; especially the euro and British pound.

USD DROPS ACROSS THE BOARD on a combination of cautious remarks from Moodys about the US credit rating and persistent improvement in the Eurozone consumer sentiment. Although Asian equities finished around neutral territory, markets are decidedly USD-negative.

Most indicators are suggesting that risk appetite rose further this morning. European equities indices have performed well, EUR/USD is pushing higher as is AUD/USD and cable.

Germany’s unemployment rate fell to 7.6 percent for the month of July from 7.7 percent the previous month to mark the lowest since November 2008. At the same time, the number of people out of work tumbled 20K, following a revised 20K decline in June.

FXstreet.com (Barcelona) - US stock futures indexes look set to start the session more stimulated... For more information, read our latest forex news.

FXstreet.com (Barcelona) - Dollar rejection from 88.190 high on Wednesday extended lower during... For more information, read our latest forex news.

The dollar pared declines against the Japanese yen on Thursday in the aftermath of a government report showing new U.S. claims for unemployment benefits fell slightly more than expected last week.

The euro hit an 11-week high against a broadly weak dollar on Thursday as month-end demand for the single currency helped push it above a key barrier. The euro remained supported by firm euro zone data, with figures on Thursday showing euro zone economic sentiment jumping to a 28-month high, while German unemployment declined for the 13th consecutive month.

Up to 60,000 people working in the public sector in Scotland could lose their jobs, according to an independent review commissioned by ministers.

FXstreet.com (Barcelona) - The Industrial Product Price in Canada dropped unexpectedly by 0.9% in... For more information, read our latest forex news.

FXstreet.com (Barcelona) - The Euro has stretched higher against the Dollar on European session,... For more information, read our latest forex news.

FXstreet.com (Barcelona) - The Initial Jobless Claims released by the US Department of Labor... For more information, read our latest forex news.

On monthly basis, Canada\'s Industrial Product Prices for the month of June fell unexpectedly by 0.9% while analysts expected a rise of 0.5% continuing the prior rise of 0.3%.Also on monthly basis, Canada\'s Raw Materials Prices for the month of June deepened the prior fall only in slower pace where i...

For the week ending in July 24th initial jobless claims dropped to reach 457 thousand where it came better than the expected 460 thousand and better that the prior reading of 464 thousand.As for continuing claims it climbed to reach 4565 thousand where it came worse than the expected 4500 thousand a...

The Yen extended its strength through the Asian session this morning and was higher against most of the majors on a combination of weaker macroeconomic data and selloffs in the equity sector. Starting with the release of the durable goods orders (-1.0% act v 1.0% exp/-0.8% prev) and continuing through to the release of the Fed's beige book, it was all about weakening sentiment during last night's …

FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news.

FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news.

Markets are trading in a lethargic manner as participants continue to nervously take on risk-correlated trades. The move toward risk is logical because without the massive sovereign crisis fear hovering over the market like the Sword of Damocles, one needs to consider the fundamentals - particularly monetary policy, as the core driver. Overall, the rate at which central banks are mopping up excess…

FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news.

FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news.

The U.S. dollar index reached its lowest point in three months as differences in the pace of recovery between the U.S. and the Eurozone rise to the surface. The latest evidence shows growing confidence within the region. Meanwhile the anecdotal U.S. regional evidence from the Fed's 12 districts continued to prove that the domestic economy maintains a moderate pace of growth.

Buy @: 1.3044 TP Buy @: 1.3073 SL Buy @: 1.2994

Sell @: 1.5589 TP Sell @: 1.5546, 1.5537 SL Sell @: 1.5639

Latest trading recommendations. Free delayed updates: posted at 12.00 GMT, 08.00 EST) July 29th 2010

Dollar-Swiss has fallen in the European session today and is currently trading below 1.0450. We see 1.0450-00 to be a good Support region which may hold followed by some upmove in the coming sessions over today and tomorrow. Please note that 1.0447 is the suggested Max Low for the day.

Most indicators are suggesting that risk appetite rose further this morning. European equities indices have performed well, EUR/USD is pushing higher as is AUD/USD and cable. However, the trends exhibited by the JPY and gold have been less certain. US data is patchy at best and this will likely ensure that optimism is kept in check. The recent slow crawl upwards in EUR/JPY reflects improved risk a…

The Euro pared the decline from the previous day and rallied to a fresh monthly high of 1.3091 during the overnight trade, and the single-currency may continue to retrace the decline from earlier this year as the economic docket reinforced an improved outlook for the region.

The 16-nation currency strengthened against majors after economic confidence rose to the highest level in two years and German unemployment slid for the 13th month which added to signs of recovery in region, thereby supporting the single currency.Also, the better-than-estimated results by large Euro...

FXstreet.com (Barcelona) - US debt prices rose on Wednesday, favoured by disappointing data on US... For more information, read our latest forex news.

Gbp/usd - 1.5610.. New US claims for unemployment benefits fell slightly more than expected last week. Jobless claims dropped to 457k compared to estimate of a fall to 460k. Despite intra-day rise to 1.5663, cable has retreated to as low as 1.5600 b4 stabilising. Bids are seen at 1.5590/00 while on ...

FXstreet.com (Barcelona) - Dollar rejection from Yesterday's high at 88.10 has extended on European... For more information, read our latest forex news.

FXstreet.com (Barcelona) - Crude Oil for September delivery snapped back up above $77.00 / barrel... For more information, read our latest forex news.

Forexpros.com Daily Analysis - 29/07/2010

FXstreet.com (Barcelona) - The Pound attempted to extend rally from 1.5120 low last week, and the... For more information, read our latest forex news.

California governor Arnold Schwarzenegger declares a fiscal state of emergency, putting pressure on lawmakers to pass a budget.

Greek police fire tear gas to disperse hundreds of lorry drivers protesting in Athens against a government order to end their strike.

FXstreet.com (Barcelona) - The Swiss Franc advanced aggressively on Thursday, developing a... For more information, read our latest forex news.

GBP/USD Buy @ 1.5645 ( Stop/Limit/Market Order) Set Stop Loss @ -40pip Set Profit Target @ 50 pips

FXstreet.com (Barcelona) - Australian Dollar is going through a strong recovery on Thursday as the... For more information, read our latest forex news.

The Dollar was mixed against other major currencies after worse than expected U.S. data on durable goods orders came out at -0.6% vs. 0.6% forecast, leaving traders clueless as to market direction.

Dollar/Yen decreased on Wednesday, losing part of the gains from the previous day, in line with the negative Interbank sentiment at nearly -5%. The currency couple depreciated from 88.10 to 87.30 yesterday, closing the day at 87.47. Today the bears pulled further down to 87.03. On the 1 hour chart the new weak upward channel is still shaping, and on the 3 hour chart quotes are testing the upper li…

FXstreet.com (Barcelona) - US Dollar recovery from yesterday's low at 1.0300 was rejected at 1.0395... For more information, read our latest forex news.

The Canadian Dollar weakened against the Dollar after a drop in crude oil prices increased speculation demand will wane for currencies of nations that are dependent on commodities for growth.

FXstreet.com (Barcelona) - The Swiss Franc is on the rise for a second straight day on Thursday,... For more information, read our latest forex news.

The Yen strengthened versus the Dollar as orders for U.S. durable goods unexpectedly fell last month and the Federal Reserve said economic growth slowed in some areas.

Usd/jpy - 87.10... Advisor of PBOC Zhou Qiren said the yuan can rise or fall under managed float buy only in small steps. He added that the more flexible exhange rate regime will allow the PBOC to make more use of various monetary policy tools over the rest 2010. Dlr extends its intra-day fall to a...

FXstreet.com (Barcelona) - The Euro is showing strength on Thursday's European session, and the... For more information, read our latest forex news.

The Pound closed almost unchanged versus the Dollar after touching the highest rate in 5 months during the session due to bad economic data like the durable goods orders in US which fell more than expected.

The Euro traded on a narrow range versus the Dollar for the second consecutive day as traders continued to digest the recent stress tests results. The main resistance of the EUR/USD on the daily chart is 1.3050, if the pair trades above this level the momentum continue to be bullish, the main support on the daily chart is located at 1.2700.

The Dollar was mixed against other major currencies after worse than expected U.S. data on durable goods orders that came at -0.6% vs. 0.6% forecast, leaving traders clueless of the market direction.

The JPY strengthened against the U.S. Dollar yesterday as investors expressed their concerns about the U.S. economy by selling the U.S. Dollar and buying the Japanese Yen. The Yen traded higher against most of its major counterparts;

EUR's rally against its major counterparts stumbled yesterday as new economic data raised fears about the strength of global economic recovery, with the common currency ending lower against its major counterparts.

U.S. macro data came far less than expected. Investors responded by moving away from riskier assets back to buying the Yen and U.S. Dollar. The EUR/USD was slightly down after U.S Durable Goods was published, The USD/JPY traded lower, currently trading at $87.22 as investors feel safer holding the Yen over the USD.

European confidence report for the month of July showed upbeat results as economic confidence rallies to 101.3 from the revised 99.0 while the initial was 98.7 and median estimates were 99.1. Services confidence inched up to 6 compared with the prior 4 and estimates of 5. Industrial confidence incli...

Plenty of important macro data from the U.S. was published yesterday. Investors were disappointed by the figures and responded mainly by moving away from riskier assets.

After a dramatic start with the New Zealand interest rate decision, markets settled down with the yen making slight gains on the day. The RBNZ overnight call rate decision got things rolling today with an expected hike of 0.25% to put the rate at a healthy 3.00%, however, the statements that followed put the Kiwi dollar into a tailspin.

FXstreet.com (Barcelona) - EU economic confidence rose to 101.3 in July, compared to a previous... For more information, read our latest forex news.

FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news.

FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news.