Session recap: USD cedes in a quiet Monday

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (San Francisco) - Low motion in the currency market as investors are in summer mode with the world cup in scene. The USD declined on Monday against its major competitors with US publishing upbeat data.

The EUR/USD traded in a small 40 pips range in between 1.3575 and 1.3615 the whole day before closing the session 0.01% up at 1.3600. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.

The GBP/USD remained above the 1.700 as the pair tested this level and it closed 0.08% positive at 1.7025. Hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bullish.

USD/JPY lost ground but it was trading always around the 102.00 area. The pair closed at 101.95, down 0.12% on the day, having posted a daily high at 102.15 and low at 101.82.

Main headlines in the American session

May Chicago Fed national activity index +0.21 vs +0.20 exp

United States Markit Manufacturing PMI above expectations (56.5) in June: Actual (57.5)

US May existing home sales 4.89M vs 4.74M expected

Wall Street opens the week with mixed note

Related Forex Analysis
  1. USD to gain further support, ECB in focus - Commerzbank
    Forex News

    USD to gain further support, ECB in focus - Commerzbank

  2. EUR/USD downtrend set to continue in the coming weeks - UBS
    Forex News

    EUR/USD downtrend set to continue in the coming weeks - UBS

  3. EUR/USD refuses to stay below 1.2500
    Forex News

    EUR/USD refuses to stay below 1.2500

  4. GBP/USD bounces at 1.5940 and returns to 1.5990
    Forex News

    GBP/USD bounces at 1.5940 and returns to 1.5990

  5. BoJ QE increase and Fed QE end could impact USD/JPY - J.P. Morgan
    Forex News

    BoJ QE increase and Fed QE end could impact USD/JPY - J.P. Morgan

Trading Center