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17 Aug 2013
Session Recap: Quiet summer Friday in Forex, no matter what options say
FXstreet.com (San Francisco) - The Forex market was waiting for a big USD/JPY options expiration on Friday to see another round of some volatility in the table after the Thursday's wild day. But expiration arrived and nothing happened. The Greenback recovered some ground on the day.
The Euro performed its fifth negative day in row against the USD/EUR, however the damage wasn’t strong after the Thursday big jump. Now the EUR/USD is closing the week at 1.3350, its first negative week since Last of June. The EUR/USD remains in extending candle in the monthly chart.
The GBP/USD traded closed Friday in negative, however the movement was widely consolidative above 1.5600. The Cable performed its fifth positive week in the last six and it extended its recovery from the 1.4830 area touched in the first week of July.
The USD/JPY remained above 97.00 with the pair recovering some ground and closing at 97.55. The USD/CAD traded in the weekly range in between 1.0300 and 1.0355. The AUD/USD performed its eighth positive day in the last 10 sessions and closed shy of 0.9200.
The gold, on this way, extended is Thursday advance
US: Housing Starts rose to 896K in July
US: Non-farm Productivity rose 0.9% in Q2
US: Reuters/Michigan Consumer Sentiment Index slides to 80 in August
Options expiration was a bit of a dud
Keep an eye on bonds, rising yields boosting USD/JPY
CFTC Commitments of Traders: Dollar bulls losing faith
Wall Street closes its 3rd negative day and collapses in the week
The Euro performed its fifth negative day in row against the USD/EUR, however the damage wasn’t strong after the Thursday big jump. Now the EUR/USD is closing the week at 1.3350, its first negative week since Last of June. The EUR/USD remains in extending candle in the monthly chart.
The GBP/USD traded closed Friday in negative, however the movement was widely consolidative above 1.5600. The Cable performed its fifth positive week in the last six and it extended its recovery from the 1.4830 area touched in the first week of July.
The USD/JPY remained above 97.00 with the pair recovering some ground and closing at 97.55. The USD/CAD traded in the weekly range in between 1.0300 and 1.0355. The AUD/USD performed its eighth positive day in the last 10 sessions and closed shy of 0.9200.
The gold, on this way, extended is Thursday advance
US: Housing Starts rose to 896K in July
US: Non-farm Productivity rose 0.9% in Q2
US: Reuters/Michigan Consumer Sentiment Index slides to 80 in August
Options expiration was a bit of a dud
Keep an eye on bonds, rising yields boosting USD/JPY
CFTC Commitments of Traders: Dollar bulls losing faith
Wall Street closes its 3rd negative day and collapses in the week