The US dollar fell against major currencies

gnutrade.satya · Sep 3, 2010

The US dollar fell against major currencies when positive data around the world soothed worries about the health of the global economy. The euro was seen gaining ground as European shares rose at their fastest pace after fears eased over a renewed global slowdown, another supportive factor for oil prices.
Brendan McGrath, manager of business solutions at Custom House, a Western Union company said: "What we've seen is a bit move away from the US dollar. Risk is back in favor a little bit today, mainly due to the good Australian and Chinese data."
Against the yen, the dollar rose 0.3 percent to 84.41 yen. The euro rose 0.9 percent to $1.2800.

4xpipcounter · Sep 6, 2010

All trends are never straight lines. They have to correct. The correction was predictable. The circled area shows an incomplete correction, as it only went sideways. Now, the correction has begun. Expect containment at 1.2963, possibly 1.3063, and then a resumption of the downtrend.
Also, cable is about to really make a strong move. GBP/USD is the one of the majors, right now that would make a nice long, which, suffice to say, a move against the USD.

gnutrade.satya said:
The US dollar fell against major currencies when positive data around the world soothed worries about the health of the global economy. The euro was seen gaining ground as European shares rose at their fastest pace after fears eased over a renewed global slowdown, another supportive factor for oil prices.
Brendan McGrath, manager of business solutions at Custom House, a Western Union company said: "What we've seen is a bit move away from the US dollar. Risk is back in favor a little bit today, mainly due to the good Australian and Chinese data."
Against the yen, the dollar rose 0.3 percent to 84.41 yen. The euro rose 0.9 percent to $1.2800.

The US dollar fell against major currencies

gnutrade.satya

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4xpipcounter

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