5 Mar 2014
Session Recap: I came, I saw, I turned back; Pro USD session amid relief on Ukraine crisis fears
FXStreet (San Francisco) - The USD dollar pushed up hard earlier in the session as Ukraine crisis fears eased as Russia agreed to hold talks with Ukraine ministers and NATO officials on Wednesday.
The EUR/USD declined earlier in the session from 1.3780 to test the 1.3725, 200-hour MA where the pair rested the second par of the session. Now the EUR/USD is closing at 1.3740. "The hourly chart shows price capped below its 20 SMA with indicators around their midlines, as despite the choppy movements the pair remains trendless," Valeria Bednarik from FXStreet commented in a recent piece.
The GBP/USD declined from 1.6715 overnight to bounce slightly at 1.6650 before NYC break. Then the cable closed at 1.6665. The USD/JPY woke up on Tuesday as it recovered previous three day losses. The US Dollar jumped around 90 pips from 101.30 to recover the 102.00 area and to trade as high as 102.30, where it remains now.
Main headlines in the American session
US: ISM New York Index falls to 57 in February
Russian navy ships blocking channel between Russia and Crimea
Ukraine Crisis: Russia out of excuses, operating on falsehoods and intimidation
Russia test fires intercontinental ballistic missile
Russians notified US of missile test plans ahead of the Crimea crisis – US official
Wall Street rallies amid Ukraine fears ease; S&P closes at record high
The EUR/USD declined earlier in the session from 1.3780 to test the 1.3725, 200-hour MA where the pair rested the second par of the session. Now the EUR/USD is closing at 1.3740. "The hourly chart shows price capped below its 20 SMA with indicators around their midlines, as despite the choppy movements the pair remains trendless," Valeria Bednarik from FXStreet commented in a recent piece.
The GBP/USD declined from 1.6715 overnight to bounce slightly at 1.6650 before NYC break. Then the cable closed at 1.6665. The USD/JPY woke up on Tuesday as it recovered previous three day losses. The US Dollar jumped around 90 pips from 101.30 to recover the 102.00 area and to trade as high as 102.30, where it remains now.
Main headlines in the American session
US: ISM New York Index falls to 57 in February
Russian navy ships blocking channel between Russia and Crimea
Ukraine Crisis: Russia out of excuses, operating on falsehoods and intimidation
Russia test fires intercontinental ballistic missile
Russians notified US of missile test plans ahead of the Crimea crisis – US official
Wall Street rallies amid Ukraine fears ease; S&P closes at record high