Lonny Strike / Blog
The euro fell to more than one-week lows against the dollar on Friday, one day after a robust U.S. employment report for June eased concerns over the outlook for the economic recovery. EUR/USD ended Friday’s session at 1.3594, down 0.35% for the week. The pair is likely to find support at 1...
The pound was close to its highest in almost six-years against the dollar on Friday, as expectations for a rate hike by the Bank of England this year continued to underpin demand for sterling. GBP/USD was at 1.7158 late Friday, after touching highs of 1.7178 earlier, the most since October 2008...
The Australian dollar ended the week at a more than two-week low against its U.S. counterpart on Friday, after a robust U.S. nonfarm payrolls report for June sparked speculation that the Federal Reserve could bring forward its timetable for raising interest rates. AUD/USD hit 0...
The New Zealand dollar ended Friday’s session close to a one-week low against its U.S. counterpart, as a better-than-expected U.S. nonfarm payrolls report for June bolstered the outlook for the wider economic recovery. NZD/USD hit 0...
USD/JPY Technical Strategy: Sidelines Preferred Doji suggested hesitation near key support Range between 101.20 and 102.77 remains in play USD/JPY’s long-held range between 101.20 and 102.77 remains intact following a push off support backed by a Doji formation...
The U.S. dollar moved higher against the Canadian dollar in holiday thinned trade on Friday, as markets in the U.S. remained closed for the Independence Day holiday. USD/CAD ended Friday’s session at 1.0651, pulling back from the six month lows of 1.0619 hit in the previous session...
The dollar rose to more than one-week highs against the Swiss franc on Friday a day after a robust U.S. nonfarm payrolls report for June sparked speculation that the Federal Reserve could bring forward its timetable for raising interest rates. USD/CHF was at 0.8945 late Friday, up from 0...
The USD/JPY retreated from last week’s high of 102.25, and is now testing some support factors just under 102. We have a rising trendline support from last week, and a broken trendline that served as resistance before. If the USD/JPY is to remain bullish, price should stay above the 101...
The dollar edged lower against the yen amid profit taking on Friday, but still ended the week higher as a better-than-expected U.S. nonfarm payrolls report for June bolstered the outlook for the wider economic recovery. USD/JPY was at 102.05 late Friday, off Thursday’s high of 102.25, but still 0...