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Tag Archives: fx

EUR/USD higher on soft U.S. housing data

In trading on Friday, EUR/USD was up 0.32% at 1.3398, up from a session low of 1.3334 and off from a high of 1.3410. The pair was likely to find support at 1.3298, Thursday’s low, and resistance at 1.3452, Tuesday’s high. The Commerce Department reported earlier that new home sales in the U.S. dropped 13.4% ...

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Australian Dollar Higher After China Growth

Australia’s dollar strengthened after a report showed China’s economy grew 7.5 percent in the second quarter, matching economists’ estimates. The Australian currency dropped last week after Chinese Finance Minister Lou Jiwei said this year’s expected growth rate is 7 percent and China can reach that.

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EUR/USD Technical Analysis

Daily targets-signals Short Euro at 1.3089 stop loss at 1.3124 Long euro at 1.3036, stop loss at 1.3002

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USD/JPY

The dollar fell versus the Japanese yen and Asia stocks jumped. The dollar tumbled after the Bank of Japan lifted its assessment of the economy, but cut growth and inflation views. The dollar had already been pushed lower after Federal Reserve Chairman Ben Bernanke said the central bank won’t be ...

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China opens Aussie dollar direct trading

Australian dollar is the third currency to trade directly with the renminbi, the latest step in the internationalisation of China’s currency

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