USD - A Week Packed With Economical Data Expected

During last week's session the Dollar managed to recover against most of the major currencies. The Dollar saw a 300 pips rise against the Euro, and the EUR/USD pair is trade near the 1.47 level. However, the Dollar continued to weaken against the Japanese yen.

The Dollar's recovery appears to be mainly psychologically. Last week did not provide sustain data showing that should have supported the Dollar. It seems to be that the fact that the EU...

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The pair is challenging its bullish channel lower boundry, the RSI is badly directed. Suggest short positions below 92.35 with targets at 91.8 and 91.55
The upside penetration of 92.35 will call for 92.6 and 92.9
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The pair is posting a rebound on its support but its extension should be limited by its new resistance (former channel lower boundry). Suggest short positions below 1.4975 with 1.485 and 1.48 as next targets. The upside penetration of 1.4975 will call for a rebound towards 1.5015 and 1.5065

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The dollar bounced up strongly from an overnight 14-month low against the euro Monday, as slipping US stocks and battered commodities sapped risk appetite across markets, lending support to thr safe-haven USD. The Euro surrendered the psychologocally importnat $1.50 level, sinking to its lowest level in a week against the dollar in afternoon New York trading. After commodities and higher-yielding currencies notched higher over the past week- many to 12 month records or better-the market was r...
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The dollar carved out moderate gains against the euro and hit one-month highs against the yen Friday, as global risk appetite shriveled in the face of weaker stock markets. News of a surprise contraction in UK economic groth also damaged sentiment by cutting into optimism about the global economic recovery prospects, resulting in a sharp selloff for the pound aand leaving it as the major underperformer on the day. Late Friday, the Euro was at $1.4998 from $1.5031 late Thursday, according to E...
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