|Day's Range||108.64 - 108.918|
|52 Week Range||104.6670 - 114.7250|
Investing.com - The dollar was holding steady near seven week highs against a basket of the other major currencies on Tuesday, boosted by rising Treasury yields.
U.S. dollar bulls feel vindicated by the recent jump in the greenback, but currency positioning data from last week, which showed growing bearish dollar bets, perhaps, raising concerns for some about the ...
Investing.com - The dollar continued to rally on Tuesday morning in Asia along with the higher yields on U.S. Treasuries that hit a four-year high, and the rally in the dollar weighed down the yen. Meanwhile, eyes were on the Aussie in the morning as Australia released some lacklustre CPI data.
Although the solid uptrend is guiding prices higher, buyers may take a breather as we approach Friday’s release of the U.S. GDP. Traders are looking for 2.0% growth. A higher than expected number will justify this week’s rise in U.S. interest rates. A lower than expected number should drive rates back down which should weaken the USD/JPY.
The US dollar has rallied significantly during the trading session on Monday, gapping at the open, and then exploded above the 108 handle. I believe that the market should continue to find buyers on short-term pullbacks now that we have broken above the important 108 level, and we will more than likely continue building the base that we have been fighting for.
The British pound initially pulled back during the trading session on Monday, testing the 151 handle. However, we found enough support to turn things around as we continue to find buyers on value, and it looks like we are trying to form some type of base.
It’s been risk on this morning, with the markets accepting rising Treasury yields, as economic data at the start of the week suggest that a soft patch in the 1st quarter may have come to an end.
Investing.com – The dollar rose to an eight-week high against a basket of currencies amid a slump in both the yen and Aussie dollar, while a rise in the 10-year U.S. treasury yield close an important 3% level also lifted sentiment.
The greenback rallied on Monday, notably against the yen, with a key dollar index ascending to a three-month high as a U.S. benchmark Treasury yield was on the cusp of breaking above a psychologically significant level at 3%. The ICE U.S. Dollar Index (IFUS:DX-Y.NYB), which gauges the buck against a basket of six currencies, climbed 0.7% to 90.927, trading around its highest level since mid-January and adding to its positive momentum from late last week. The WSJ U.S. Dollar Index (CALCULATED:BUXX), which measures the greenback against a wider basket of currencies, rose 0.7% to 84.97.
Investing.com - The dollar posted broad gains against a basket of the other major currencies on Monday, hitting seven week highs, boosted by rising U.S. bond yields.
Investing.com - The dollar extended early gains against a currency basket on Monday, rising to one-and-a-half month highs, driven up by a rise in U.S. bond yields, while mixed euro zone private sector survey data failed to support the euro.
The pair dropped significantly during the Friday’s session reaching down towards the 1.22 level as due to rising interest scenarios in the United States and lack of any clear pictures on rate hike by ECB after ending the QE. The market has now broken below 1.23 level, there will be some downward pressure with major support at 1.21 level. …Read MoreGBP/USD
Investing.com - The dollar was holding steady near two week highs against a currency basket on Monday supported by expectations for further interest rate hikes this year, while waning geopolitical risk dampened demand for the safe haven yen.
The GBP/JPY has been in a steady uptrend on H4 timeframe, and after touching 153.87 it started a retracement. Don’t be confused, as the pair is still in uptrend and we might see a rejection from POC if the price gets in the zone 149.60-85. However, pay attention to 151.50 too. If the pair makes a 4h close above 151.52 we should see a bounce towards 152.36. Above 152.36 there is a possibility of a cont-breakout pattern towards 153.75 retest. Only below W L4 – 148.97 the pair might start a downtrend.
Gold has come under pressure and speculators may be looking for lower values. However, U.S Crude Oil has seen consistent buying as the commodity tests new highs.
Investing.com – The dollar opened the week rising against other major currencies supported by the rise in U.S. Treasury yields last Friday. This week’s currency market is occupied by a slew of economic data, as investors will see inflation data from Australia, Japan and the U.S. to look for cues.
The direction of the Dollar/Yen this week is likely to continue to be influenced by rising U.S. Treasury yields and expectations of more rate increases from the U.S. Federal Reserve later in the year. Increased demand for higher risk assets should also help underpin the USD/JPY as well as the easing of tensions over geopolitical events.
Investing.com - Investors will be awaiting an update on the health of the U.S. and UK economies this week ahead of Friday’s data on first quarter growth. Monetary policy meetings in the euro zone and Japan will also be in focus.
Helping to boost yields was a comment from San Francisco Fed President John Williams who said last Tuesday that he expected U.S. inflation to rise to the U.S. central bank’s 2 percent goal this year and stay at or above that goal for “another couple of years.”
The US dollar initially pulled back against the Japanese yen during the week but found enough bullish pressure to reach towards the top of the shooting star from the previous week. This is a very bullish sign, and we have a clear breakout point to watch.
The British pound initially tried to rally against the Japanese yen during the week, but found the upward momentum lacking, thereby rolling over and reaching towards the 151 handle during the Friday session. However, we have several support levels underneath that should give buyers some hope.
The US dollar initially pulled back against the Japanese yen on Friday but found enough support near the 107.50 level to turn around and rally significantly. I think that the 108 level above is major, so paying attention to this market is crucial now.
The British pound fell during the Friday session, reaching down towards the 151 handle, which looks to be offering a bit of support. I think that the market is going to make a significant decision rather soon, and a couple of levels could be important places to watch.