FXStreet (San Francisco) - The US Dollar remained to trade in positive tone again on Tuesday as risk aversion fueled the Greenback versus Sterling and the Yen.

The EUR/USD closed 0.23% negative on the day at 1.3410 after testing the 1.3400 area. Market will be focused on Wednesday as the economic calendar is busy with he ADP report, the GDP data and later on hte day the FOMC meeting and decision on monetary policy.

"As for the EUR/USD, market sentiment is still strongly bearish, with the hourly chart showing indicators turning flat in oversold levels, anticipating some consolidation rather than a reversal in the short term." comments Valeria Bednarik from FXStreet.

The GBP/USD resumed its downtrend after Monday's pause. The Cable fell to 1.6930 and now it is closing at 1.6945. The USD/JPY jumped above the 102.00 area and now it is closing at 102.10.

Main headlines in the American session

">May 2014 Case/Shiller home price index 9.3% vs 10.0% exp y/y

US: Consumer Confidence soars to 90.9 in July

US stocks close negative amid Ukraine fears

Related Articles
  1. Investing News

    China’s Forex Reserves Dropped Significantly

    China’s forex​ reserves dropped by a record $93.9 billion at the end of August to $3.56 trillion because the Central Bank has been selling dollars to provide a cushion to the falling yuan​
  2. Forex

    The Pros and Cons of a Fully Convertible Rupee

    Amid the rising economic power of India, the talks of making the Indian currency fully convertible are gaining momentum. We look at the pros and cons.
  3. Forex Fundamentals

    Chinese Yuan an Unlikely Reserve Currency

    As the world's second largest economy, China's challenge to America’s dominance includes a push to make the yuan (RMB), the world’s reserve currency. Whether it can do that now is unclear.
  4. Economics

    How Currency Enforcement Helped Sink The Trans-Pacific Partnership (TTP)

    One particular barrier to trade that has received much attention of late and caused delays in negotiations of the TPP is exchange-rate manipulation, by which a country artificially devalues its ...
  5. Forex

    Top U.S Forex News Sites

    Breaking news moves forex markets. Here are the top U.S. sites for tracking forex news.
  6. Investing

    Financial News Comparison: Bloomberg Vs. Reuters

    Access to financial information has grown with the expansion of digital news. Bloomberg and Thomson Reuters lead the pack, claiming a majority of the business information market.
  7. Economics

    Who Benefits From South Korea's Lowered Interest Rates?

    South Korea is the latest country to cut interest rates in an attempt to stimulate economic growth.
  8. Forex Education

    The Top Uses For P2P Currency Exchange

    Peer-to-peer (P2P) currency exchange networks offer a viable and cheaper alternative for buying and selling currencies.
  9. Forex

    Steps To Open An Offshore Forex Account

    Here is a simple breakdown of how to open an offshore forex account for US-based users, including legal requirements.
  10. Entrepreneurship

    Top Forex Trading Apps

    A brief overview of the top apps that help forex traders with on time information, charts and more.

You May Also Like

Trading Center