Currency Exchange Market

Hi Traders

I hope that you'll have a great trading day...

U.S. Dollar Trading (USD)- consolidated against other currencies today due to uncertainty ahead of Central Banks Rate decisions...
The greenback has been appreciating sharply against the EUR since the release of the surprisingly weak U.S NFP report last Friday. Many analysts are still at odds as to why the greenback appreciated last Friday since the weak NFP report should have added to the existing bearish dollar sentiment. Also there was more significant negative data for the greenback this week as the ISM Non-Manufacturing Index released on Tuesday at 41.9 which indicated a sharp contraction in every major component of the report from new orders, to employment and to business activity...
EUR/USD-The pair is trading in a range for the past three days showing after the previous sharp bearish correction and is now consolidating around 1.4620. The 4 hour chart is showing first buds of a bullish momentum whereas the daily chart is still bearish. Selling on high might be preferable today.
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