The US dollar has found itself to be testing the massive support at the 142 yen level, as it looks like we are trying to form a double bottom. Also, there’s a trendline there as well, so this all comes together for a major area of importance.
The Aussie dollar continues to see a lot of sideways action, as the market is trying to sort out whether or not the risk appetite is going to give the Aussie any directionality going forward as there are some many questions about the global economy, and more specifically, the Asian
Average earnings excluding bonuses slowed to 5.1% from 5.4% in the three months to July, Office for National Statistics data showed.
-- Most Asian currencies moved little on Tuesday, while the dollar crept higher in anticipation of key inflation data that is likely to factor into the outlook for U.S. interest rates.
The US dollar continues to see a lot of support near the 142 yen level and has bounced from there during the trading session on Monday. This is an area that also has a major trend line slicing through it, and therefore this is a market that is worth watching.
The Aussie dollar is likely to see a lot of noisy trading going forward, as the market will have to watch the overall global growth situation, and the economic issues coming out of Asia. Ultimately, as we are going to continue to see questions asked of these things, the Aussie
Political uncertainty, a challenging fiscal outlook, and the rising divergence in funding conditions between France and other core euro area sovereign borrowers underscore the importance of political stability.
The strength of the jobs market declined for a fourteenth consecutive month in August.
- The U.S. dollar steadied Friday, trading near a one-month high after stronger than U.S. jobless claims allayed fears of a looming recession in the world’s largest...
-- Most Asian currencies strengthened on Friday as positive economic readings from the U.S. and China helped soothe concerns over a recession, although improved risk...