Morning Market Report: Currencies

By Ino.com

Currencies

The September Euro currency closed up 7 points at 1.1276 today. Prices closed nearer the session low after hitting a 6.5-month high early on today. The bulls have the overall near-term technical advantage. Prices are still in a two-month-old uptrend on the daily bar chart. However, prices have also been trading sideways and choppy for three weeks.

The September Japanese yen closed up 270 points at .91600 today. Prices closed near mid-range and hit a two-month high today. Bulls have the overall near-term technical advantage. Prices are in a five-week-old uptrend on the daily bar chart.

The September Swiss franc closed down 39 points at 1.0352 today. Prices closed nearer the session low today and scored a bearish “outside day” down on the daily bar chart. The Swissy bulls still have the overall near-term technical advantage.

The September Canadian dollar closed down 18 points at 7552 today. Prices closed nearer the session low and did hit a 3.5-month high early on today. Bulls have the overall near-term technical advantage.

The September British pound closed down 9 points at 1.2783 today. Prices closed nearer the session low. The bears have the slight overall near-term technical advantage.

The September U.S. dollar index closed down 0.047 at 96.655 today. Prices closed nearer the session high and hit a 6.5- month low today. The bears have the firm overall near-term technical advantage.

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