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EUR/USD: dollar eases some

EURUSD chart

The EUR/USD posted a lower low for the week of 1.2546 on the release of a better than expected US GDP reading, up to 3.5% against the expected 3.0%. The movement however was short lived, as the pair bounced up to 1.2614 with the news, hovering around the 1.2600 with US opening.

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Current Trading Positions

USDJPY Order Entry SL TP
AceTrader LONG LMT @108.86 107.95 109.23
GBPUSD Order Entry SL TP
DeltaStock.com BUY MKT @1.5967 1.5917 1.6067
AUDUSD Order Entry SL TP
DayTradeIdeas.com SELL LMT @0.8930 0.8950 0.8860
NZDUSD Order Entry SL TP
JarrattDavis.com SELL LMT @0.7840 0.7880 0.7755
EURJPY Order Entry SL TP
ProAct Traders SHORT LMT @0.87 - 0.85

USD

Kenny Fisher

USD/JPY – Improving Dollar Hits 109

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Macroeconomics

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United States: That still isn't a proper recovery

The first estimate of Q3 GDP growth is higher than expected, because of a surprising strength in exports, very unlikely to last in such a deteriorated...

Investors need more clues: EUR/USD and GBP/USD not seen moving far away

Pair Average levels
1 Week 1 Month 1 Quarter
EURUSD 1.2613 1.2599 1.2531
GBPUSD 1.6069 1.6045 1.6062
USDJPY 107.73 108.04 109.64
USDCHF 0.9511 0.9597 0.9700
AUDUSD 0.8762 0.8685 0.8666
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.1227 1.1243 1.1302
NZDUSD 0.7806 0.7766 0.7722
GBPJPY 173.49 174.74 177.55
EURJPY 136.80 136.16 138.05
EURGBP 0.7870 0.7828 0.7729

EUR/USD uncertainty pointing out a neutral stance for next week: investors are probably waiting for the FED before choosing direction.

GBP/USD short term neutral: the pair gains adepts as time goes by, with stronger buying interest seen in term.

USD/JPY limited below 110.00 for next week: sentiment has turned strongly bullish with latest recovery, pointing up to 115.00 in a quarterly view.

AUD/USD still heavy, bears dominate: condemned to remain below 0.9000 for the upcoming months, and even closer to 0.8500.

EUR/JPY limited downside, limited gains: Not seen far from current levels, the EUR/JPY is seen confined to the 135.00/138.00 range.

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Most Traded Pairs Now


Pair Price Hour Day Week Month
EURUSD 1.2614 -0.06 -0.18 -0.25 -0.13
AUDUSD 0.8816 -0.03 0.30 0.63 0.79
GBPUSD 1.6014 -0.01 0.01 -0.09 -1.23
USDCAD 1.1195 0.07 0.09 -0.31 -0.03
USDJPY 108.97 0.01 0.16 0.64 -0.62