| Euro Confirms Reversal vs US Dollar, Targets Above 1.32 (DailyFX) EUR/USD: Head and Shoulders Bottom Confirmed GBP/USD: Upswing Stalls at Channel Resistance USD/JPY: Rebound Begins From Channel Bottom USD/CAD: Sellers Return on Trend Line Re-Test AUD/USD: June Top in Sight on Bounce From Fib NZD/USD: Bulls Take Charge, Reclaim 0.70 Figure finance.yahoo.com |
Euro, British Pound Rally as Economic Developments Reinforce Improved Outlook For Future Growth (DailyFX) The Euro halted the two-day decline and rallied to a high of 1.2852 during the overnight trade as the economic docket reinforced an improved outlook for future growth, but the lack of momentum to make another run at the 100-Day SMA may keep the exchange rate within a narrow range going into the North American session as Fed Chairman Ben Bernanke is scheduled to testify in front of the House Financial Services Committee at 13:30 GMT. finance.yahoo.com |
Kiwi dollar finds support at US70c The New Zealand dollar is finding support at 70 US cents after US Federal Reserve chairman Ben Bernanke stoked investors' appetite for risk on Friday by saying he would stand by the US economy and print more money if need be.Five... nzherald.co.nz |
Dollar rises to session high versus yen [at Reuters] - The dollar extended gains versus the yen to hit a sesion high on Thursday though traders said there were no signs of yen-selling by Japanese authorities this morning. us.rd.yahoo.com |
Canadian Dollar Slips on Bank of Canada, Further Declines Likely Canadian Dollar Slips on Bank of Canada, Further Declines Likely Fundamental Forecast for Canadian Dollar: Bearish - Canadian Dollar declines on a dovish Bank of Canada announcement - Loonie could lose its high-yield appeal on BoC Hold The Canadian Dollar finished the week modestly higher against its downtrodden US namesake, but a late-week reversal warns that the Loonie may find it difficult to set fresh highs through upcoming trade. finance.yahoo.com |