The U.S. currency on Tuesday developed its ascent against major world currencies



EUR/USD

Overview

The U.S. currency on Tuesday developed its ascent against major world currencies, while reaching new highs after the data, which increase the chances of rising interest rates, the fed in September. So, yesterday, we saw the decline of the European currency against the dollar by 46 points. The currency pair EUR/USD is heavily tested level 1.1132 on which is weekly S1, but failed to consolidate below this level. If the pair breaks this support, it will open to her the opportunity to focus on the monthly PP at 1.1107.

The mood of the traders

The share of long positions on the SWFX market increased and is currently equal to 41%.

USD/JPY

Overview

Tuesday tool surprised traders as its rapid growth, easily breaking the weekly R1 and almost to a weekly R2 at the level of 103.25. This growth was triggered by output from the Japanese side. According to them, household spending decreased by 0.5% per year, compared with a forecast of 0.9%. Moreover, the dollar was supported after positive report on consumer confidence in the United States. A break of weekly R1 or marker 102.5 symbolizes the upward trend and taking the level of 103. If the upward movement continues, the pair will come out of the downtrend channel.

The mood of the traders

The share of long positions on the SWFX market plummeted and currently amounts to 66%.




The U.S. currency on Tuesday developed its ascent against major world currencies 31.08.2016

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