Free Trial

The USD sits moderately weaker across the.....>

FOREX
FOREX: The USD sits moderately weaker across the board ahead of the NY
crossover. EURUSD traded back above broken trendline support-turned resistance
to $1.1344, before topping out ahead of the 61.8% fibo of $1.1393-1.1270. GBPUSD
firmed on the break of $1.2600 with gains extending to $1.2631. Near-term
resistance is seen at $1.2650/67 from the 76.4% retracement level of
$1.2687-1.2530 & Dec14 high. USDJPY eased to Y113.27 and can expect to find
support at Y113.02/98 (50-dma, 50% Y112.24-113.71), a break and close below
opens a run at the 100-dma at Y112.40. The DXY touched lows of 97.19, while gold
improved on the session to briefly trade above $1240. 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.