17 Jul 2014
Session Recap: Add your war title here... USD rose on risk aversion
FXStreet (San Francisco) - So what? Another sad day in the world with many ground zeros around the planet... today Israel launched a massive ground operation and an invasion to Gaza while the Malaysia flight 17 seems to have been shot down.
Market's lecture was all about risk aversion on escalates fears. The USD traded higher as well as the gold amid its condition on safe havens. Well, the euro closed positive, but gains was just nominal. US stocks closed down.
"Risk aversion ramped up as the US session progressed with the downing of a civilian passenger jet in Ukraine raising fears that much harsher sanction are about to be unleashed on Russia," commented Jamie Coleman on the plane crash that happened one hour before midday in the United States.
It seems risk version will be the tone on Friday as Israel's invasion of Gaza will hurt maket sentiment. What else...
The EUR/USD trade sideways on Thursday as the pair posted 1-month lows at 1.3515 but it bounced again at this area. Coleman commented in an interview with Dale Pinkert that he sees a safe 1.3500 level amid sovereign interest.
The USD/JPY fell hard to close around 101.20, down -0.45% on the day, having posted a daily high at 101.71 and low at 101.19. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.
Main headlines in the American session
United States Initial Jobless Claims registered at 302K, below expectations (310K) in July 11
United States Housing Starts (MoM) registered at 0.893M, below expectations (1.018M) in June
United States Building Permits (MoM) registered at 0.963M, below expectations (1.04M) in June
July 2014 US Philly Fed survey 23.9 vs 16.0 exp
Reports the Malaysian aircraft was shot down by a missile
Wall Street closed down on political fears
Ukraine points to Russian involvement over Malaysian airline plane crash
Israel begins land invasion against Gaza
Market's lecture was all about risk aversion on escalates fears. The USD traded higher as well as the gold amid its condition on safe havens. Well, the euro closed positive, but gains was just nominal. US stocks closed down.
"Risk aversion ramped up as the US session progressed with the downing of a civilian passenger jet in Ukraine raising fears that much harsher sanction are about to be unleashed on Russia," commented Jamie Coleman on the plane crash that happened one hour before midday in the United States.
It seems risk version will be the tone on Friday as Israel's invasion of Gaza will hurt maket sentiment. What else...
The EUR/USD trade sideways on Thursday as the pair posted 1-month lows at 1.3515 but it bounced again at this area. Coleman commented in an interview with Dale Pinkert that he sees a safe 1.3500 level amid sovereign interest.
The USD/JPY fell hard to close around 101.20, down -0.45% on the day, having posted a daily high at 101.71 and low at 101.19. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.
Main headlines in the American session
United States Initial Jobless Claims registered at 302K, below expectations (310K) in July 11
United States Housing Starts (MoM) registered at 0.893M, below expectations (1.018M) in June
United States Building Permits (MoM) registered at 0.963M, below expectations (1.04M) in June
July 2014 US Philly Fed survey 23.9 vs 16.0 exp
Reports the Malaysian aircraft was shot down by a missile
Wall Street closed down on political fears
Ukraine points to Russian involvement over Malaysian airline plane crash
Israel begins land invasion against Gaza