US dollar 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.

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.

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.

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.

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.

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…

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) - The Pound attempted to extend rally from 1.5120 low last week, and the... 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.

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;

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.

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.

FXstreet.com (Barcelona) - The Euro has caught up upside momentum on early European session to... For more information, read our latest forex news.

FXstreet.com (Barcelona) - The Pound is gathering momentum on early London session, with the... For more information, read our latest forex news.

On Wednesday Pound/Dollar continued with slight ascending, in line with the positive Interbank sentiment at around +13%. The Cable appreciated from 1.5567 to 1.5634 yesterday, closing the day at 1.5597. Today the pair is moving hesitantly for now. On the 1 hour chart the upward channel has resumed, while on the 3 hour chart the upward channel is intact. First resistance is yesterday's peak at 1.56…

A day of range trading was experienced on Wednesday as the markets tried to interpret rather disappointing data and news from the States. Core Durable Goods turned in a disappointing drop of minus -0.6% compared to the estimated gain of 0.6%. Also the Federal Reserve’s Beige Book report did not provide a glowing outlook on [...]

The JPY moved in a consolidated manner versus the USD on Wednesday. This as Asian bourses mirrored their counterparts and struggled following the lackluster data from the States. The AUD traded in range also yesterday and it did this as commodity prices continued to move in a consolidated manner. Gold finds itself around 1168.00 USD [...]

Although euro has risen above good resistance at 1.3047 due partly to cross-buying vs yen in Europe, suggesting recent upmove from 1.1876 has once again resumed and further headway to 1.3095 would be seen but near term oversold condition should cap price well below 1.3142.On the downside, only below...

Majors moved in tight ranges against the dollar with some upside bias during the Asian session, where the dollar index traded between the lowest of 81.96 and the highest of 82.14. The index now trades around 81.97. The US will release today the weekly jobless claims. Germany will release the unemplo...

FXstreet.com (Barcelona) - The Euro remains trading in range around 1.3000, at 2-months high, for... For more information, read our latest forex news.

USDCAD: There is always a period of hightened volatility when a pair trades through the moving averages as it typically triggers position realignments. When a pair remains within the major moving average’s range the volatility extends itself until the market dictates overall guiding sentiment. The CAD exemplifies this point to the tee. When trading inside of [...]

FXstreet.com (Barcelona) - The Euro stretched above 1.3000 on Thursday, rallying the UD Dollar to... For more information, read our latest forex news.

FXstreet.com (Barcelona) - Pound's rally from 1.5120 area last week extended yesterday to a fresh... For more information, read our latest forex news.

EUR/USD Buy at 1.2988 SL 1.2956 TP 1.3065 USD/JPY Sell at 87.30 87 87.62 TP 86.58 GBP/USD Buy at 1.5591 SL 1.5559 TP 1.5679 USD/CHF Sell at 1.0578 SL 1.0610 TP 1.0494

EURUSD: Trading strategy: small long at 1.3050 on hourly close above 1.3045, stop at 1.2980 (0.5% risk), 1st objective at 1.3100, 2nd objective at 1.3200

FXstreet.com (Barcelona) - The Dollar has given away most of the ground taken on Tuesday as the... For more information, read our latest forex news.

EUR/USD Buy @1.3035 SL1.2957 TP1.3085 Sell @1.2957 SL1.3035 TP1.2907

It appears that risk appetite has stalled on Wednesday, as the continuation of poor data on the US economy was confirmed again, this time by a lower reading on Core Durable Goods Orders. Furthermore, the Fed remained cautious and warned against fragile economic conditions, in its regional economic assessment; the Beige Book. Following a decline on Wall Street, Asian stocks also traded lower on Thu…

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USD/CHF closed higher due to short covering on Wednesday but remains below the 20-day moving average crossing. The mid-range close sets the stage for a steady opening on Thursday.

GBP/USD closed higher due to profit taking on Wednesday as it consolidates some of the rally off May's low. The low-range close sets the stage for a steady to lower opening on Thursday.

USD/JPY closed higher due to short covering on Wednesday. The low-range close sets the stage for a steady to lower opening on Thursday.