7 Jul 2014
Session Recap: Weak USD; sad CAD
FXStreet (San Francisco) - The USD traded under pressure throughout the American session as the Greenback gave up almost all its post-NFP gains specially against the Japanese Yen.
The EUR/USD performed its first positive day after four negative session with the pair testing the 1.3575 but holding it. Finally the EUR/USD closed positive above 1.3600.
The GBP/USD trade lower on the day as the Cable retraced from 1.7170 but the movement was contained around 1.7100. Currently, GBP/USD is trading at 1.7129, down 0.17% on the day, having posted a daily high at 1.7169 and low at 1.7108.
The USD/JPY traded down for second day while the pair found some buying interest around 200-hour MA around 101.80. Currently, USD/JPY is trading at 101.86, down 0.22% on the day, having posted a daily high at 102.22 and low at 101.78.
USD/JPY spot is in oversold territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
The USD/CAD is testing the upside of the recent range as the CAD was hurt by the decline in Ivey PMI that left the index into contraction territory for second month in a row. Currently, USD/CAD is trading at 1.0675, up 0.21% on the day, having posted a daily high at 1.0685 and low at 1.0627.
USD/CAD spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
Main headlines in the American session
May Canadian building permits 13.8% vs 3.0% exp m/m
Canada: Ivey PMI contraction accelerates in June
US stocks start the week with losses; EUR/USD above 1.3600
The EUR/USD performed its first positive day after four negative session with the pair testing the 1.3575 but holding it. Finally the EUR/USD closed positive above 1.3600.
The GBP/USD trade lower on the day as the Cable retraced from 1.7170 but the movement was contained around 1.7100. Currently, GBP/USD is trading at 1.7129, down 0.17% on the day, having posted a daily high at 1.7169 and low at 1.7108.
The USD/JPY traded down for second day while the pair found some buying interest around 200-hour MA around 101.80. Currently, USD/JPY is trading at 101.86, down 0.22% on the day, having posted a daily high at 102.22 and low at 101.78.
USD/JPY spot is in oversold territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
The USD/CAD is testing the upside of the recent range as the CAD was hurt by the decline in Ivey PMI that left the index into contraction territory for second month in a row. Currently, USD/CAD is trading at 1.0675, up 0.21% on the day, having posted a daily high at 1.0685 and low at 1.0627.
USD/CAD spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
Main headlines in the American session
May Canadian building permits 13.8% vs 3.0% exp m/m
Canada: Ivey PMI contraction accelerates in June
US stocks start the week with losses; EUR/USD above 1.3600