Session recap - USD ends the week as king pin

By FXstreet.com | July 25, 2014 AAA

FXStreet (Guatemala) - We had a quiet session without much in the way of stimuli besides the US durable goods number which came in better than expected. Instead, we can look at the week overall and the dollar has come out the king of this week amongst the G10’s with a higher yield despite the mount of miserable data over the past couple of days. We have in the main simply held onto the positive results from the unemployment claims that have fallen to their lowest levels in around eight years.

EUR/USD has been a non-event in the US session moving within a tight non-compelling range despite the lows of 1.3422 on the dismal French jobs numbers.

USD/JPY was yet again a slow burner and without events the pair remains in its daily range, with 102 handle proving out of sight on attempts that left it reaching only as high as 101.90.

GBP/USD was the least active and 1.7000 wasn’t to be at the end of this week. This leaves it in a bearish position.

Key events:

US durable goods better than expected

French jobless disappoint and rise to a record 3.4 million

comments powered by Disqus
Related Forex Analysis
  1. Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...
    Forex News

    Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...

  2. USD/JPY to Eye Fresh Highs on Less-Dovish FOMC, More BOJ Easing
    Forex News

    USD/JPY to Eye Fresh Highs on Less-Dovish FOMC, More BOJ Easing

  3. Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends
    Forex News

    Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends

  4. US Session recap: USD consolidation ahead of FOMC
    Forex News

    US Session recap: USD consolidation ahead of FOMC

  5. A market in a technical snap-shot - RBS
    Forex News

    A market in a technical snap-shot - RBS

Trading Center