Even though the NZD/USD tested the nearest resistance, the ultimate market reaction was to the downside.
Although the USD/CAD pair edged as low as 1.1950 yesterday, the monthly S3 was able to stop the US Dollar from closing lower.
Despite some serious volatility to the upside, the AUD/USD barely changed yesterday.
On Wednesday, the EUR/JPY currency pair surged for the seventh consecutive day.
Influenced by mild bearish impetus, created by 100-day SMA and upper Bollinger band, the yellow metal declined in price on Wednesday.
On Wednesday, the USD/JPY pair edged higher, despite bearish prospects and weak fundamental data.
The Sterling almost fell in line with expectations, as it appreciated against the US Dollar yesterday.
Despite registering a major growth on Wednesday and crossing the important area at 1.1050 (April high, January low, weekly R2), the future outlook for EUR/USD is currently mostly neutral.
«Сегодня ситуация на локальном валютном рынке сохранится высоковолатильной. Крупные участники рынка в ожидании решения Банка России предпочтут воздержаться от активных действий, что оставит рынок на откуп спекулянтам».- Промсвязьбанк (по материалам Reuters)ОбзорДоллар США вновь снизился по отношению к российской валюте в среду, тогда как негативный импульс во многом исходил из Северной Америки. Рост экономики США оказался намного ниже ожиданий в первом
On Tuesday, the New Zealand Dollar soared versus the US Dollar.
The USD/CAD currency pair behaved according to the forecast yesterday.
We underestimated the Aussie's strength, and thus the AUD/USD pair overperformed dramatically.
The Euro managed to overcome the monthly PP and edge even higher for the sixth day in a row yesterday.
Following a considerable gain on Monday, the yellow metal continued jumping significantly during the second trading session of this week as well.
US Dollar dropped down versus Japanese Yen on Tuesday.
On Tuesday, Cable managed to over-perform. GBP/USD breached strong resistance cluster around 1.53 and kept rising up to 1.5328.
Yesterday, the EUR/USD currency pair has eventually penetrated one of the most important short-term resistances, represented by 55-day SMA at 1.0926.
The Kiwi climbed as high as was foretold on Monday, with the weekly PP preventing further rally at 0.7626.
On Monday, the USD/CAD suffered significant losses.
The AUD/USD pair edged up yesterday, despite expectations.
The EUR/JPY cross behaved almost according to the forecast.
Waiting for the meeting on the Federal Reserve on Wednesday, Gold has declined noticeably in the beginning of this week.
On Monday, the USD/JPY pair surged according to expectations.
Yesterday, despite some troubling volatility to the downside, the GBP/USD pair still ended the trading session with a rally.