Featured

USD/JPY Falls to Lowest Level This Year

Featured \ Hans Nilsson \ 7:29 PM EDT \ July 30th, 2010

The dollar was higher against the euro on Friday but lower versus other major currencies. US GDP rose at a 2.4% annualized pace in Q2 2010. While Q1 GDP was revised higher, estimates back to 2007 were revised lower. The S&P 500 increased 0.07 to 1,101.60. The euro fell from yesterday’s nearly 3-month high. Sterling traded at $1.5689 today, compared with $1.5612 yesterday.

Daily Video Recap: US GDP and a Preview of Next Week’s US Releases

Fundamental Updates \ Nick Nasad \ 4:34 PM EDT \ July 30th, 2010

In today’s video we dissect the 2nd quarter GDP results and what it means for the US recovery. The economy grew a smaller than expected 2.4% annualized rate. We also cover the important releases to look out for next week.

This week, The US dollar continued to loss ground to the euro, and pound, as well as to the JPY, which competes with the USD for risk-aversion-based flow. The commodity currencies such as AUD and CAD also gained on the greenback…

Technical Updates
fyang

The EUR/USD rallied further this week and is going to enter an upper zone of resistance. If the market continues further but can find a top in the zone that starts at 1.3120 to 1.3250, it can still..

Daily

In last Friday’s Weekly Technical Update, it was noted that the GBP/USD developed a positive reversal (when the RSI low is lower or equal, but the price low is higher). The swing projection to…

Weekly

This week, The US dollar continued to loss ground to the euro, and pound, as well as to the JPY, which competes with the USD for risk-aversion-based flow. The commodity currencies such as AUD and CAD also gained on the greenback…

Fundamental Updates

Daily Video Recap: US GDP and a Preview of Next Week’s US Releases

Fundamental Updates \ Nick Nasad \ 4:34 PM EDT \ July 30th, 2010
nnasad

In today’s video we dissect the 2nd quarter GDP results and what it means for the US recovery. The economy grew a smaller than expected 2.4% annualized rate. We also cover the important releases to look out for next week.

Commentaries

USD/JPY Falls to Lowest Level This Year

Featured \ Hans Nilsson \ 7:29 PM EDT \ July 30th, 2010
hnilsson

The dollar was higher against the euro on Friday but lower versus other major currencies. US GDP rose at a 2.4% annualized pace in Q2 2010. While Q1 GDP was revised higher, estimates back to 2007 were revised lower. The S&P 500 increased 0.07 to 1,101.60. The euro fell from yesterday’s nearly 3-month high. Sterling traded at $1.5689 today, compared with $1.5612 yesterday.

Next Live Events Starts in 1 day, 15 hours, 5 minutes
Live Events
nnasad

Preview: Next week’s calendar is a hodgepodge of data, but the main event–as it always is during the first week of the month–will be next Friday’s employment report. We will preview that and the other key releases including the ISM manufacturing and services managers purchasing indexes.

FXTimes News

FXTimes has been spun off into a separate entity and is now part of Market Access Media LLC. Fan Yang is now employed exclusively by Market Access Media and will retain the role of Chief Market Technician of FXTimes; He will continue to provide daily technical updates and educational webinar sessions. As before, FXTimes visitors…