Here is the sentiment. The dollar remained relatively weak against the yen but rose against the euro after yesterday's US capital inflows report for June.
The headline data was positive for the dollar as it showed that foreign capital flows into the US reached 71.2 bln usd from 55.8 bln in May, beating predictions of a more modest rise to 65 bln usd and comfortably spanning the 58.8 bln usd trade gap during the same month.
This is from a Bloomberg source:
Meanwhile, my stop loss is set at 1.2300.
The headline data was positive for the dollar as it showed that foreign capital flows into the US reached 71.2 bln usd from 55.8 bln in May, beating predictions of a more modest rise to 65 bln usd and comfortably spanning the 58.8 bln usd trade gap during the same month.
This is from a Bloomberg source:
Gains in the dollar accelerated further today after it rose past $1.2335, a level where traders had pre-set orders to buy the U.S. currency. Traders sometimes place so-called stop loss orders to limit losses in case their bets go the wrong way.
Meanwhile, my stop loss is set at 1.2300.
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