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[delijaworld]

Hi

U.S. Dollar Trading (USD) rallied across the board despite sentiment remaining negative on the US economy ahead of further data release. In US share markets the NASDAQ was up by 6.57 points (0.26%) whilst the Dow Jones continued to gain, rising by a further 15.61 points (0.12%). Crude Oil gained irrespective of a stronger USD, rising by US$0.32 a barrel to US$65.38. Looking ahead key inflationary data is set for release today with GDP. Economists are expectant of an expansion of 1.8% rise, which if released on consensus would constitute a fourth consecutive quarter of below-trend economic growth

[delijaworld]

Hi

<LI class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list .5in; mso-list: l0 level1 lfo1">U.S. Dollar Trading (USD) 03 May. rallied across the board yesterday as strong data in the shape of factory orders cast doubts as to how slow the US economy was growing. Previous day’s data strength in manufacturing ISM also supported the rally, as the result indicated activity had grown at its quickest pace in over a year. In US share markets the NASDAQ grew by 26.31 points (1.04%) whilst the Dow Jones also rose by 75.74 points (0.57%). Crude oil fell by US$0.72 a barrel to US$63.68. Looking ahead, Non-manufacturing ISM is made public on Thursday ahead of Fridays Job data. Economists are forecasting a figure of 53.0 slightly higher than the previous 52.4.

[delijaworld]

Hi

U.S. Dollar Trading (USD) gained across the board despite initially losing ground on the back of a weaker trade balance figure showing a further widening of the trade balance to – 63.89 bln (Prior: - 57. 89 revised higher). However the greenback did well to shrug of the data as earlier investors trimmed bearish bets on the on the greenback after key central bank meetings this week, pushing the USD to a 1 month high against the Euro. Aided by comments from U.S Treasury Secretary Paulson that a strong dollar was in the interest of the U.S, also helped the USD to rally gather momentum. In U.S. share markets, the NASDAQ fell by 42.6 points (-1.65%) whilst the Dow Jones also fell by 147.74 points (-1.10%). Crude oil rose by US$0.26 a barrel to US$61.81. Looking ahead the data continues to be released out of the U.S. with Core PPI for the month of April m/m with analyst’s expectant of a figure 0.2% up from the previous 0.0%. Furthermore, Retail Sales for the month of April will also be released Friday (Forecast: 0.4%; Prior: 0.4%)

[marketwavez]

Here is a visual of the

Us Dollar
"aka" Usd/Chf

-------------------------------------
Is there a Base in place ?

[delijaworld]

Hi

U.S. Dollar Trading (USD) eased against a basket of currencies to end the week on Friday as U.S. retail sales surprised coming in on the soft side. With market expectations that the figure would be a growth of 0.4%, the actual number was released unchanged at 0.0%, bolstering views that the economy was losing plenty of its momentum. Added to this was a benign Core PPI number which also came in below consensus at 0.0% (Forecast: 0.2%). Although the USD was subject to plenty of technical trading, the dollar did however receive some support (capping its losses) on the back of investor expectations that a rate cut by the Fed would not emanate in the near term. In U.S. share markets the NASDAQ rose by 28.48 points (+1.12%) whilst the Dow Jones also rebounded gaining by 111.19 points (+0.84%).

[delijaworld]

Hi
16 May-U.S. Dollar Trading(USD)was overall weaker in the overnight session as CPI failed to ignite US dollar buying. Headline CPI rose 0.4% compared to a consensus of 0.5% for the month of April. Core CPI came in as expected at 0.2% with the annual rate coming in softer at 2.3%. The Empire Survey came in line with expectations rising to 8.0 in May from 3.8 in April. TICS data came in at US$67.6 billion compared to a consensus of US$71 billion. In US share markets, the NASDAQ fell by 21 points whilst the Dow Jones Index climbed 37 points. Crude oil in response to continued instability in Nigeria rose by US71c to US$63.17 a barrel. Looking ahead, US housing starts will be a key focus for markets with estimates of 1.48mln compared to a previous result of 1.52mln. Industrial production is expected to post a 0.3% rise for the month of April compared to a -0.2% drop in March

[delijaworld]

Hi

21 May U.S. Dollar Trading (USD) was mixed on Friday as despite robust economic data released in the form of the Michigan Survey. A method of measuring consumer sentiment, markets were awaiting a figure of 86.5% (Prior: 87.1%), yet investors were surprised to see the figure released at 88.7% for the month of May. Nonetheless, markets chose to shrug of the boisterous data as investors continued to pair off recent dollar gains. In U.S. share markets, the NASDAQ rose by 19.07 points (+0.75%) whilst the Dow Jones also rose by a further 79.81 points (+0.59%). Crude oil eased ever so slightly by US$0.05 a barrel to US$64.81.

[delijaworld]

Hi
21 May-U.S. Dollar trading (USD) gained broadly against a basket of currencies as investors continued to square off short greenback bets, amid a growing view the Fed may not cut interest rates this year. In U.S. share markets the NASDAQ rose by 20.34 points (+0.79%) whilst the Dow Jones fell by 13.65 points (-0.10%) as investors looked to take profit late in the session. Crude oil increased by 2% on Monday as continued uncertainty arose from the world’s eighth largest exporter, Nigeria. Crude rose by US$1.33 a barrel to US$66.27. Looking ahead, the Richmond Fed index will be made public today with the previous figure at -11. With little major US economic data due this week, investors are looking ahead to a meeting between US Treasury Secretary Henry Paulson and China Vice-Premier Wu Yi on Tuesday and Wednesday where they are expected to discuss trade relations, including the value of the Yuan.

[delijaworld]

Hi
23 May -U.S. Dollar Trading (USD)- continued to rebound against a basket of currencies on Tuesday, rallying to a six-week high as traders continued to pare back expectations of a Fed interest rate cut this year. In data specific news the Richmond Fed index was released at -10 (Previous: -11). Investors focused on the first day of a two-day meeting between US Treasury Secretary Henry Paulson and China Vice-Premier Wu Yi in Washington. In early remarks, Paulson warned that Washington was growing increasingly impatient for Beijing to speed up policy changes that would help narrow the record US trade deficit. The US argues that an undervalued Yuan gives China an unfair trade advantage and is a key driver of the deficit. In U.S. share markets the NASDAQ rose by 9.23 points (+0.36%) whilst the Dow Jones fell by 2.93 (-0.02%). Crude oil fell by US$1.30 a barrel to US$64.97 as expectations that supplies would show an increase in tomorrow’s weekly inventories report. Looking ahead, Wednesday’s Mortgage Index and MBA purchase could give an early indication to tier one housing data out on Thursday.

[delijaworld]

28- May
U.S. Dollar Trading(USD) remained relatively unchanged against a basket of currencies despite Existing Home Sales disappointing on the back of positive New Home Sales seen the previous session. With markets expecting a figure of 6.14 mio for the month of April, the actual figure was released at 5.99 mio, yet its effect was limited due to an upward revision of the previous month to 6.15 mio. The USD initially lost ground against other majors before investors chose to square positions ahead of the long weekend. In US share markets the NASDAQ rebounded to gain by 19.27 points (+0.76%) whilst the Dow Jones also gained by 66.15 points (0.49%). Crude oil continued to rise over growing uncertainty in Nigeria and Iran. Oil rose by US$0.93 a barrel to US$65.11. Looking ahead, a slow beginning to the week is expected with U.S. markets closed for Memorial Day.

[delijaworld]

Hi
06 June-U.S. Dollar Trading(USD) continued to dip below key support levels as comments made by Federal Reserve Chairman Bernanke referred to the U.S. Housing Sector continuing to weigh heavy on the broader economy. In data releases, the non-manufacturing ISM supported the USD as the figure was released at its highest level since April 2006 at 59.7 (Forecast: 55.3) provided some support to the USD capping losses. In other news, US Treasury Secretary Paulson said that some agreements made in recent talks with China will help create the basis for moving towards a market-determined currency exchange rate, but stressed the effort was a long path of small steps. In U.S. share markets, the NASDAQ fell by -7 points (-0.26%), whilst the Dow Jones fell by -80 points (-0.59%). Crude oil fell by US$0.60 to US$65.61 a barrel

[delijaworld]

Hi
08 June-U.S Dollar Trading (USD)was mixed against all other majors before rebounding against the Euro on Thursday, as expectations for solid economic growth launched US government debt yields above 5%, providing a big potential draw for foreign investors. Further uncertainty in global stock (third consecutive session) caused investors to liquidate foreign equity holdings adding to USD strength. In U.S. share markets, the NASDAQ fell by 45.80 points (-1.77%) and the Dow Jones also fell by 198.94 points (-1.48%). Crude oil continued to rise amidst market volatility by US$0.72 to US$66.68 a barrel. Looking ahead key data is released out of the U.S. markets today in the form of Trade Balance with markets forecasting a figure of -63.50 bln for the month of April (Previous: -63.89 bln). With recent meetings between US and China centered on the Trade deficit, proves Friday’s data release will receive plenty of attention.

[fred333]

The dollar really is not doing much these days.

[sunabeach]

Oh, how a week changes things.

[pinalli]

GBP/USD price is trying to reach its target level at the median pitchfork line. It is above the MA lines, but they still point downwards, which can be the signal of a sideway move.
MACD is curling around 0 level, but for now is tending up a bit which can also be the signal of a correction.
If price goes up, its target level is the median pitchfork line at about 1.9836.
If price goes down, it may test the lower pitchfork line and if it breaks through it, it next target will be the support at 1.9712.
Resistance:
- 1.9822
- 1.9836
- 1.9914
Support:
- 1.9746
- 1.9712
- 1.9664


USD/JPY price is trading between the lower and median pitchfork line.
MACD is at 0 level, which is a pure signal of sideway move. MA lines are curling around each other giving us the correction signal.
If price goes up its target level is at the resistance 107.47 and the median pitchfork line at about 107.64
If price goes down and settles below the lower pitchfork line it may come to the support at 106.78 and then 106.67.
Resistance:
- 107.15
- 107.47
- 107.64
Support:
- 106.78
- 106.67
- 106.23

Get more dollar updates at http://www.finexo.com/