25 Apr 2014
Session Recap: Risk Marketsion; EUR/USD 'advances' for third day
FXStreet (San Francisco) - All about ranges... and risk aversion. Currency market continues performing in a slow motion amid Ukraine worries and investors awaiting for movements from central banks. Volume remains at multi-year lows.
"EUR/USD, USD/JPY and AUD/JPY all dropped sharply at mid-morning in the US," commented Jamie Coleman from FXBeat in a recent piece. "But just as suddenly as they dropped, they pulled out of their dives and resumed the extremely low-volatility trading pattern that has dominated the market in recent weeks."
March durable good orders posted stronger than expected numbers while the jobless claims showed not good numbers in the last week. Stocks closed positive with Apple rallying despite the fact that the company proved they don't have new products/ideas to develop/invest.
EUR/USD advanced for third day as the pair closed at at 1.3831, up 0.11% on the day, having posted a daily high at 1.3844 and low at 1.3791. The GBP/USD recovered half of yesterday's losses and it closed at 1.6800, up 0.12% on the day, daily high at 1.6808 and low at 1.6765.
The USD/JPY closed down for second day as the pair declined to test the 102.00 again. Pair finished the session at 102.33, down 0.19% on the day, having posted a daily high at 102.66 and low at 102.08.
Main headlines in the American session
US: Durable Good Orders (Mar) rose 2.6%
United States Kansas Fed manufacturing activity declined to 12 in April from previous 22
Gold bounces hard at 2.5-month low
Wall Street closes positive amid Apple results but Ukraine worries
"EUR/USD, USD/JPY and AUD/JPY all dropped sharply at mid-morning in the US," commented Jamie Coleman from FXBeat in a recent piece. "But just as suddenly as they dropped, they pulled out of their dives and resumed the extremely low-volatility trading pattern that has dominated the market in recent weeks."
March durable good orders posted stronger than expected numbers while the jobless claims showed not good numbers in the last week. Stocks closed positive with Apple rallying despite the fact that the company proved they don't have new products/ideas to develop/invest.
EUR/USD advanced for third day as the pair closed at at 1.3831, up 0.11% on the day, having posted a daily high at 1.3844 and low at 1.3791. The GBP/USD recovered half of yesterday's losses and it closed at 1.6800, up 0.12% on the day, daily high at 1.6808 and low at 1.6765.
The USD/JPY closed down for second day as the pair declined to test the 102.00 again. Pair finished the session at 102.33, down 0.19% on the day, having posted a daily high at 102.66 and low at 102.08.
Main headlines in the American session
US: Durable Good Orders (Mar) rose 2.6%
United States Kansas Fed manufacturing activity declined to 12 in April from previous 22
Gold bounces hard at 2.5-month low
Wall Street closes positive amid Apple results but Ukraine worries