Buz Investors EURUSD Marginally Higher A very light economic calendar and some easing political concerns are resulting in a modest gain in EUR/USD in today’s trading. The pair is currently at 1.0619, up 0.10% over Friday’s close.

CURRENCY INVESTORS Euro Dollar Exchange Opens Lower Thursday July 20

Euro Dollar Exchange Rate – EUR/USD  | Data | Chart | Calendar

CURRENCY INVESTORS Euro Dollar Exchange Opens The EURUSD decreased 0.0005 or 0.04% to 1.1524 on Thursday July 20 from 1.1529 in the previous trading session. Historically, the Euro Dollar Exchange Rate – EUR/USD reached an all time high of 1.87 in July of 1973 and a record low of 0.70 in February of 1985. The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies.

A temporary top is in place at 1.1582 in EUR/USD. Intraday bias is turned neutral first for some consolidations. But overall, outlook will remain bullish as long as 1.1312 support holds. Above 1.1582 will target 1.1615 key resistance. Decisive break there will pave the way to 1.2 handle next.

In the bigger picture, the firm break of 1.1298 resistance further affirm medium term reversal. That is, an important bottom was formed at 1.0339 on bullish convergence condition in weekly MACD. Further rise would be seen to 55 month EMA (now at 1.1756). Sustained break there will pave the way to 38.2% retracement of 1.6039 (2008 high) to 1.0339 (2017 low) at 1.2516 next. This will now remain the favored case as long as 1.1118 support holds.



Euro Dollar Exchange Opens

Euro Dollar Exchange Rate – EUR/USD

The EURUSD spot exchange rate specifies how much one currency, the EUR, is currently worth in terms of the other, the USD. While the EURUSD spot exchange rate is quoted and exchanged in the same day, the EURUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides the latest reported value for – Euro Dollar Exchange Rate – EUR/USD – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Dollar Exchange Rate – EUR/USD – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.15 1.15 1.87 0.70 1957 – 2017 Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



USDCAD Trump Shock Pushes Canadian Dollar Down

CURRENCY INVESTORS Canadian Dollar Early Drop Thursday July 20

Canadian Dollar | Data | Chart | Calendar | Forecast | News

CURRENCY INVESTORS Canadian Dollar Early The USDCAD decreased 0.0026 or 0.20% to 1.2601 on Thursday July 20 from 1.2626 in the previous trading session. Historically, the Canadian Dollar reached an all time high of 1.61 in January of 2002 and a record low of 0.92 in November of 2007.

USD/CAD continues to lose downside momentum as seen in 4 hour MACD. But there is no sign of bottoming yet. Intraday bias stays on the downside. Current decline from 1.3793 should target a test on 1.2460 low next. Meanwhile, considering bullish convergence condition in 4 hour MACD, break of 1.2770 will indicate short term bottoming In such case, there will be lengthier consolidation before staging another decline.

In the bigger picture, price actions from 1.4689 medium term top are seen as a correction pattern. Fall from 1.3793 is seen as the third leg and should target 50% retracement of 0.9406 to 1.4869 at 1.2048. At this point, we’d look for strong support from there to contain downside and bring rebound. However, firm break there will target 100% projection of 1.4689 to 1.2460 from 1.3793 at 1.1564.



Canadian Dollar Early

Canadian Dollar

The USDCAD spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the CAD. While the USDCAD spot exchange rate is quoted and exchanged in the same day, the USDCAD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Canadian Dollar – actual values, historical data, forecast, chart, statistics, economic calendar and news. Canadian Dollar – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.26 1.26 1.61 0.92 1972 – 2017 Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)


AUDUSD flirting with 2-month lows

CURRENCY INVESTORS Australian Dollar rising Today Thursday July 20

Australian Dollar  | Data | Chart | Calendar | Forecast | News

CURRENCY INVESTORS Australian Dollar rising  The AUDUSD increased 0.0162 or 2.07% to 0.7960 on Wednesday July 19 from 0.7798 in the previous trading session. Historically, the Australian Dollar reached an all time high of 1.10 in July of 2011 and a record low of 0.48 in April of 2001.

AUD/USD remains on the upside for 61.8% projection of 0.6826 to 0.7833 from 0.7328 at 0.7950. Decisive break there will target 100% projection at 0.8335 next. On the downside, below 0.7838 minor support will turn intraday bias neutral and bring pull back. But downside should be contained by 0.7711 resistance turned support to bring rally resumption.

In the bigger picture, current development suggests that rebound from 0.6826 is developing into a medium term rise. There is no confirmation of trend reversal yet and we’ll continue to treat such rebound as a corrective pattern. But in any case, further rise is now expected to 55 month EMA (now at 0.8100) or even further to 38.2% retracement of 1.1079 to 0.6826 at 0.8451. Break of 0.7328 support is needed to confirm completion of the rebound. Otherwise, further rise is now expected.



Australian Dollar rising

Australian Dollar

The AUDUSD spot exchange rate specifies how much one currency, the AUD, is currently worth in terms of the other, the USD. While the AUDUSD spot exchange rate is quoted and exchanged in the same day, the AUDUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Australian Dollar – actual values, historical data, forecast, chart, statistics, economic calendar and news. Australian Dollar – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.79 1.10 0.48 1993 – 2017 Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



DOLLAR POSITIVE  The dollar traded higher against a basket of global currencies on Wednesday, buoyed by upbeat housing data indicating a turnaround in the sluggish pace of U.S. home building.

CURRENCY INVESTORS DOLLAR POSITIVE AMID STRONG HOUSING DATA

DOLLAR POSITIVE AMID STRONG HOUSING DATA

 DOLLAR POSITIVE  The dollar traded higher against a basket of global currencies on Wednesday, buoyed by upbeat housing data indicating a turnaround in the sluggish pace of U.S. home building.

CURRENCY INVESTORS DOLLAR POSITIVE  The dollar traded higher against a basket of global currencies on Wednesday, buoyed by upbeat housing data indicating a turnaround in the sluggish pace of U.S. home building.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose by 0.14% to 94.58.



DOLLAR POSITIVE

 

U.S. homebuilding in June topped analysts’ expectations, after declining for three straight months, as both single-family and multi-family construction increased, offsetting the recent raft of economic reports pointing to possible weakness in the economy.

Housing starts jumped 8.3 percent to a seasonally adjusted annual rate of 1.22 million units, the highest level since February, the Commerce Department said on Wednesday.

Economists had forecast activity rising to a rate of 5.8%.

The better-than-expected economic data helped the greenback recover recent losses against the euro.

EUR/USD fell 0.29% to $1.1521, as traders look ahead to the European Central Bank (ECB) meeting Thursday amid expectations that the central bank would avoid elaborating on its plans to taper its asset-purchase program.

Investors will also have to contend with an interest rate decision from the ECB, with the majority of analysts expecting an unchanged decision from the central bank.

USD/CAD traded at $1.2595, down 0.25%, as better-than-expected Canadian manufacturing data and a rise in oil prices underpinned a move higher in the oil-sensitive Canadian dollar.

Meanwhile, sterling remained range bound against the dollar, falling to $1.3034, down 0.06%, ahead of an update due Thursday on the progress of Brexit negotiations to determine terms of the UK’s exit from the European Union.

USD/JPY fell to Y111.70, down 0.4%, as traders awaited the Bank of Japan’s monetary policy statement later on Wednesday.

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)


Gold decreased 2.75 USD/t oz. or 0.22% to 1,257.94 on Thursday May 25 from 1,258.10 in the previous trading session. Historically,

GOLD FLAT AS DOLLAR MOVES OFF LOWS

GOLD FLAT AS DOLLAR MOVES OFF LOWS

Gold decreased 2.75 USD/t oz. or 0.22% to 1,257.94 on Thursday May 25 from 1,258.10 in the previous trading session. Historically,

COMMODITY INVESTORS  GOLD FLAT Gold prices remained roughly unchanged on Wednesday, as the dollar turned positive on the back of economic data that topped analysts’ expectations, reducing investor appetite in the metal.

Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by $0.88, or 0.01%, to $1,241.86 a troy ounce.



GOLD FLAT

 

Gold gave up some its recent gains after soaring as much as 2% in the previous session, as the dollar bounced off lows, following the release of better than expected housing data indicating a possible turnaround in U.S. homebuilding.

Housing starts jumped 8.3 percent to a seasonally adjusted annual rate of 1.22 million units, the highest level since February, the Commerce Department said on Wednesday.

Economists had forecast activity rising to a rate of 5.8%.

The better-than-expected data underpinned a move higher in the dollar, reducing investor appetite for the precious metal.

Dollar-denominated assets such as gold are sensitive to moves in the dollar – A dip in the dollar makes gold cheaper for holders of foreign currency and thus, increases demand.

An update on monetary policy from both the Bank of Japan and the European Central Bank (ECB) due Wednesday and Thursday, respectively, also weighed on upside momentum in gold prices, amid expectations that the ECB is moving closer towards tapering its ultra-accommodative monetary policy.

Analysts expect that dollar weakness will continue to be the main driver of gold prices, however, pointed to tighter monetary policy and low inflation as potential headwinds.

We anticipate moderately higher gold prices this year and in 2018 based mostly on USD weakness, but expect tighter monetary policies and low inflation globally to create headwinds to rallies, a stop-and-go path,” James Steel, Chief Precious Metals Analyst at HSBC said.

In other precious metals, silver futures rose 0.17% to $16.295 a troy ounce while platinum futures dropped by 0.65% to $924.25.

Copper traded at $2.710, down 0.75%, while natural gas, fell by 0.58% to $3.070.

 

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COMMODITIES: (CRUDE OIL) (SILVER) (GOLD)



USDCAD Trump Shock Pushes Canadian Dollar Down

CURRENCY INVESTORS Canadian Dollar Midday Drop on Wednesday July 19

Canadian Dollar | Data | Chart | Calendar | Forecast | News

CURRENCY INVESTORS Canadian Dollar Midday The USDCAD decreased 0.0101 or 0.79% to 1.2595 on Wednesday July 19 from 1.2695 in the previous trading session. Historically, the Canadian Dollar reached an all time high of 1.61 in January of 2002 and a record low of 0.92 in November of 2007.

The greenback only recovered to 1.2944 before dropping again, adding credence to our bearish view and we took the count that wave v as well as wave (C) ended at 1.3794 and impulsive wave (i ii, i ii) is now unfolding with minor wave iii still in progress, bearishness remains for this fall to extend weakness to 1.2550-60, then towards 1.2500-10, however, oversold condition should prevent sharp fall below 1.2440-50, risk from there is seen for a rebound later.

In view of this, would not chase this fall here and would be prudent to sell the pair again on recovery as 1.2760-70 should limit upside. Above 1.2800-10 would defer and risk a stronger rebound to 1.2850-60 but only break of latter level would signal a temporary low is formed instead, bring retracement of recent decline to 1.2900-10, then 1.2940-50, however, price should falter below 1.3000 and the greenback shall head south again from there.



Canadian Dollar Midday

Canadian Dollar

The USDCAD spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the CAD. While the USDCAD spot exchange rate is quoted and exchanged in the same day, the USDCAD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Canadian Dollar – actual values, historical data, forecast, chart, statistics, economic calendar and news. Canadian Dollar – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.26 1.26 1.61 0.92 1972 – 2017 Daily

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AUDUSD flirting with 2-month lows

CURRENCY INVESTORS Australian Dollar Midday Rise on Wednesday July 19

Australian Dollar  | Data | Chart | Calendar | Forecast | News

CURRENCY INVESTORS Australian Dollar Midday The AUDUSD increased 0.0146 or 1.87% to 0.7944 on Wednesday July 19 from 0.7798 in the previous trading session. Historically, the Australian Dollar reached an all time high of 1.10 in July of 2011 and a record low of 0.48 in April of 2001.

Although aussie retreated earlier this month to 0.7571, renewed buying interest emerged there and the pair has rallied since, signaling recent upmove has resumed and some sort of impulsive waves (1 2, (i)(ii), i ii)  is unfolding with minor wave iii is now in progress, hence further gain to 0.8000 would be seen, however, near term overbought condition should limit upside to 0.8040-50 and price should falter below 0.8100, risk from there is seen for a wave iv correction to take place later this month.

In view of this, would not chase this rise here and we are looking to buy aussie on subsequent pullback as 0.7840-50 should limit downside, bring another upmove later. Below support at 0.7786 would defer and suggest wave iii top is formed, bring correction in wave iv to 0.7750 but wave i top at 0.7712 should remain intact.

Australian Dollar Midday

Australian Dollar

The AUDUSD spot exchange rate specifies how much one currency, the AUD, is currently worth in terms of the other, the USD. While the AUDUSD spot exchange rate is quoted and exchanged in the same day, the AUDUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Australian Dollar – actual values, historical data, forecast, chart, statistics, economic calendar and news. Australian Dollar – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
0.79 0.79 1.10 0.48 1993 – 2017 Daily
Buz Investors EURUSD Marginally Higher A very light economic calendar and some easing political concerns are resulting in a modest gain in EUR/USD in today’s trading. The pair is currently at 1.0619, up 0.10% over Friday’s close.

CURRENCY INVESTORS Euro Dollar Exchange Midday push on Wednesday July 19

Euro Dollar Exchange Rate – EUR/USD  | Data | Chart | Calendar

CURRENCY INVESTORS Euro Dollar Exchange Midday The EURUSD increased 0.0036 or 0.31% to 1.1514 on Wednesday July 19 from 1.1478 in the previous trading session. Historically, the Euro Dollar Exchange Rate – EUR/USD reached an all time high of 1.87 in July of 1973 and a record low of 0.70 in February of 1985. The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies.

As the single currency has retreated after surging to 1.1583 yesterday, suggesting consolidation below this level would be seen and pullback to 1.1500-05 (38.2% Fibonacci retracement of 1.1370-1.1583) cannot be ruled out, however, reckon previous resistance at 1.1490 would contain downside and bring another upmove later, above said resistance at 1.1583 would extend recent upmove to 1.1600-10 and then 1.1630 but loss of upward momentum should prevent sharp move beyond 1.1650-60.

In view of this, we are looking to buy euro on further pullback as previous resistance at 1.1490 should turn into support and contain downside, bring another rise. Below 1.1475-76 (another previous resistance and 50% Fibonacci retracement of 1.1370-1.1583) would defer and signal top is formed, risk correction to 1.1450-55 (61.8% Fibonacci retracement) and then test of support at 1.1435 which is likely to hold from here.



Euro Dollar Exchange Midday

Euro Dollar Exchange Rate – EUR/USD

The EURUSD spot exchange rate specifies how much one currency, the EUR, is currently worth in terms of the other, the USD. While the EURUSD spot exchange rate is quoted and exchanged in the same day, the EURUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides the latest reported value for – Euro Dollar Exchange Rate – EUR/USD – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Dollar Exchange Rate – EUR/USD – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.15 1.15 1.87 0.70 1957 – 2017 Daily

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Buz Investors EURUSD Marginally Higher A very light economic calendar and some easing political concerns are resulting in a modest gain in EUR/USD in today’s trading. The pair is currently at 1.0619, up 0.10% over Friday’s close.

CURRENCY INVESTORS Euro Dollar Opened Higher on Wednesday July 19

Euro Dollar Exchange Rate | Data | Chart | Calendar

CURRENCY INVESTORS Euro Dollar Opened The EURUSD increased 0.0065 or 0.56% to 1.1543 on Wednesday July 19 from 1.1478 in the previous trading session. Historically, the Euro Dollar Exchange Rate – EUR/USD reached an all time high of 1.87 in July of 1973 and a record low of 0.70 in February of 1985. The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies.

EUR/USD’s rally resumed and surges to as high as 1.1537 so far. Intraday bias is back on the upside for 1.1615 key resistance next. Decisive break there will pave the way to 1.2 handle. On the downside, below 1.1434 minor support will turn bias neutral and bring retreat. But near term outlook will stay bullish as long as 1.1312 support holds.

In the bigger picture, the firm break of 1.1298 resistance further affirm medium term reversal. That is, an important bottom was formed at 1.0339 on bullish convergence condition in weekly MACD. Further rise would be seen to 55 month EMA (now at 1.1763). Sustained break there will pave the way to 38.2% retracement of 1.6039 (2008 high) to 1.0339 (2017 low) at 1.2516 next. This will now remain the favored case as long as 1.1118 support holds.



Euro Dollar Opened

Euro Dollar Exchange Rate – EUR/USD

The EURUSD spot exchange rate specifies how much one currency, the EUR, is currently worth in terms of the other, the USD. While the EURUSD spot exchange rate is quoted and exchanged in the same day, the EURUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides the latest reported value for – Euro Dollar Exchange Rate – EUR/USD – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Dollar Exchange Rate – EUR/USD – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.15 1.15 1.87 0.70 1957 – 2017 Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)