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USD/JPY Hits Four and a Half Year Highs as Bern...
4:10pm today
THE TAKEAWAY: USD Federal Reserve Chairman Ben Bernanke testifies to congressional testimony rega... -
Euro Euphoria to Fizzle on ECB- EU Looks to Buy...
2:10pm today
Talking Points Euro: EU Pledges to Combat Unemployment, ECB to Remain Accommodative British P... -
GBP/USD Slumps Under $1.5100 as April Retail Sa...
10:20am today
THE TAKEAWAY: GBP Retail Sales ex Auto Fuel (APR) > -1.4% versus +0.1% expected, from -0.7% (revi... -
Yen Quiet as BOJ Keeps Policy Unchanged, BOE Mi...
8:05am today
The Yen yielded a mute response after the Bank of Japan kept monetary policy unchanged. Minutes f... -
Dollar Steady Through Fed Chatter, Bernanke and...
3:05am today
Dollar Steady Through Fed Chatter, Bernanke and FOMC Minutes Due Japanese Yen Rebound Stalls as...
EUR/USD soars towards 1.2330 Aug 16 at 14:36 GMT
ForexSpace.com (LONDON) – The euro has a head of steam following the release of U.S. data, including a weekly labour market report which came in softer than hoped.Initial jobless claims have risen to a seasonally adjusted 366K from 364K (revised) in the previous print.
The European single currency climbed from the comfort zone at 1.2270/80 to levels just shy of 1.2330, posting fresh session highs at the same time.
Other United States data to the downside has July Housing Starts coming in lower at 746K vs. 754K in June, while Building Permits jumped to 812K vs. 755K. New Construction of US houses fell to 746K in the same period, down from 754K. Consensus was calling 765K
In terms of euro/dollar action, at the time of writing, the 100-hour MA at 1.2308, and the underside of the broken trend line 1.2310, are both being tested. These are key levels for the bulls to push through.
Drew Hillier. Editor, ForexSpace.com
Article by: Drew Hillier
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Overview
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 USD/JPY
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102.9500 | 0.4100 | 0.40% |
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 EUR/USD
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1.2853 | -0.0052 | -0.41% |
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 GBP/USD
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1.5050 | -0.0101 | -0.67% |
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Gold (USD/oz)
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1,365.8000 | -10.1600 | -0.74% |
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Silver (USD/oz)
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22.2842 | -0.1451 | -0.65% |
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Majors
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USD/CHF
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0.9779 | 0.0076 | 0.78% |
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EUR/GBP
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0.8542 | 0.0024 | 0.28% |
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 AUD/USD
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0.9700 | -0.0105 | -1.07% |
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USD/CAD
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1.0369 | 0.0100 | 0.97% |
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EUR/CHF
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1.2570 | 0.0047 | 0.38% |
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Others
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 GBP/ZAR
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14.4159 | -0.0598 | -0.41% |
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 INR/USD
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0.0179 | -0.0002 | -0.86% |
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 TWD/USD
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0.0334 | -0.0002 | -0.45% |
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 NZD/USD
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0.8076 | -0.0095 | -1.16% |
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 HKD/USD
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0.1289 | 0.0001 | 0.04% |
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