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Dollar moves lower. New lows for the greenback vs. the EUR, GBP, CHF and CAD

Greenback makes a break lower The US dollar has moved lower and in the process has seen the greenback fall to new lows vs. the EUR, GBP, CHF and CAD.  The other major currencies are also seeing the dollar fall.  

Larry Kudlow on CNBC: Jobless claims a good sign

WH economic advisor Larry Kudlow on CNBC - things are trending in the right direction - different sectors are showing significant recoveries - relatively optimistic on the story

US stocks open mixed. NASDAQ up, S&P and Dow lower

NASDAQ higher by 0.25% The US stock market is open and the major indices are trading mixed. A snapshot of the major indices currently shows:

GBPUSD higher but stays in the range. What clues do you look for today?

There will be a break sometime The GBPUSD is higher on the day but is staying in the up and down range.  Looking at the hourly chart above, the pair last peeked on Tuesday near corrective highs from Friday's trade at 1.3131. That move took the price above a swing area in the 1.3104 to 1.3114 area (see red numbered circles

USDJPY has the 107.00 level to get through...

Yesterday's high becomes today's resistance The USDJPY has traded lower and back higher in an up and down session.     Looking at the 4 hour chart, the move to the downside did break below a cluster of support defined by the 200 hour moving average at 106.60, the 61.8% retracement at 106.638 and a swing area at 106.629 to 106.705.  The price

Audio recap: Dollar back under pressure

What's weighing on the dollar today Downbeat comments from a number of Fed officials and the impasse in the US government around additional stimulus, have been playing their part to weigh on the US Dollar on Thursday. Still risk correlated FX has been less inclined to be making any big moves, with these same stories somewhat offsetting the Dollar outflow.

US stocks set for unchanged open after big gains yesterday

Futures flat S&P 500 futures are flat heading into the open after a 47 point gain on Wednesday. Futures were modestly negative but recouped some losses after better-than-expected data.

USD/JPY has another look at 107.00

It stalled here yesterday Better initial jobless claims had little effect on the foreign exchange market but one spot to watch is in USD/JPY, which stalled out at 107.00 yesterday in a minor double top. It fell to 106.57 in Asia but has battled back to a high of 106.99.

EURUSD dips on jobless claims but bounces back higher

Bounces off intraday trend line The EURUSD has been ratcheting higher today. The pair bottomed in the early Asian session near the 100 hour MA and moved higher since then.  

US weekly initial jobless claims 963K vs 1100K expected

Claims fall below 1 million

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