Saturday, August 17, 2013

FXstreet.com (San Francisco)

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. 

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