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Forex pairs in this Article » EUR/USD, GBP/USD, USD/JPY
FXstreet.com (San Francisco) - The Greenback was the Monday's loser as market players digested better than expected China, Japan data as well as Syrian tensions relief as signs that everything is going to be alright. Commodities decline, stocks rose as the Dow jumped back above the 15,000 level and the Nasdaq closed near to 13-year highs.

The EUR/USD advanced for second day with the Euro reaching a daily high of 1.3280 against the US Dollar. Technically, FXstreet.com chief analyst Valeria Bednarik comments that "the pair has broke above the 38.2$ retracement of its July/August rally at 1.3185 and advanced firmly once above, with the daily chart showing now 20 SMA converging with the 23.6% retracement of the same rally around 1.3300 and immediate resistance level."

Against the Sterling, the USD performed its fifth negative day in the last six with the GBP/USD rallying above 1.5700, near to 6-month high. The cable closed at 1.5695. The USD/JPY traded sideways just below the 100.00 key level. As the Forecast Poll informed in its latest USD/JPY release, there is "a one way ticket" in the pair as "market players still await a final break above 100.00 followed by an extension of early year trend, although not it the short term."

The AUD/USD jumped to 0.9240, highest since July 29 and the USD/CAD declined t 1.0360, lowest since August 20.

Main headlines in the American session:

Russia playing the peacemaker in Syria

FX trading volumes rose 15% y/y in August – Thomson Reuters

Fed’s Williams to go into next week’s FOMC with an open mind on tapering

Is a peaceful solution no longer an option?

Wall Street rallies on China & Japan data
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