US Dollar Regains and Approaches 95

US Dollar

Tracked by the US Dollar Index (DXY), the greenback, stages a moderate comeback after bottoming out in multi-week lows near 94.60 at the end of the week. Following an initial drop to the 94.65/60 band, the index regains some composure and looks to return to the positive territory on Friday.

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US Dollar Regains and Approaches 95 via @marketinvestor

Euro Continues Same Range Bound Trading

euro

The Euro has pulled back just a bit during the course of the trading session on Wednesday but has turned around to recapture the 1.13 level. At this point in time, we are stuck in a range bound situation, and I think that is going to be where we find ourselves between now and the end of the year.

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Euro Continues Same Range Bound Trading via @marketinvestor

British Pound Tries To Rebound Against US Dollar

US Dollar

Pound is currently trying to settle back above 1.3200 while US dollar is gaining some ground against a broad basket of currencies. The U.S. Dollar Index is moving towards the resistance level at 96.50. In case the US Dollar Index manages to settle above this level, it will head towards the next resistance at 96.70 which will be bearish for pound.

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British Pound Tries To Rebound Against US Dollar via @marketinvestor

US Dollar Looks to Extend The Rebound Beyond 92

US Dollar

The greenback, in terms of the US Dollar Index, creeps higher and looks to put further distance from post-Payrolls lows in the sub-92.00 zone (Friday). The index (DXY) advances for the second session in a row albeit at a glacial pace ahead of the opening bell in Euroland.

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US Dollar Looks to Extend The Rebound Beyond 92 via @marketinvestor

GBP/USD Price Analysis: Powerful Resistance Near 1.3780

GBP/USD Price Analysis

GBP/USD Price Analysis: Pound is on a steady decline towards 1.3750, reversing Friday’s rally to weekly tops of 1.3781. The holiday-thinned market conditions combined with a tepid bounce in the US dollar is collaborating with the downside in the cable. Renewed concerns over the post-Brexit visa.

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GBP/USD Price Analysis: Powerful Resistance Near 1.3780 via @marketinvestor