Throughout the day the yen rose against of its 16 major counterparts as concerns mounted up significantly that Europe's sovereign-debt crisis, which remains unsolved, threatens global economic growth, yet the Euro and the pound so far are gaining some momentum to watch the major pairs rise on the one-hour and four-hour scales on recent technical movements taking place within the currencies trading.
However on the daily scale The U.S. dollar is still on the lead amidst growing concerns about a global slowdown. The U.S. Dollar index, which tracks the performance of the U.S. dollar six of its most-traded peers, rose around 79.27 from today's opening level of 79.14, recording a high of 79.35 and a low of 78.95.
Gold spot prices dropped for the third straight day to trade around $1654.73 an ounce from the opening level of $1663.25.Oil futures for May delivery slumped amid speculation of lower demand to reach $102.90 a barrel after opening at $105.50.
And therefore the euro rose against the dollar and remains on climbing to the upside as a result of the current correctional movements sending in fact the EUR/USD pair to trade up around $1.3293 while recording the highest level of $1.3344 and lowest level of $1.3251, knowing that the pair may incline but slightly as mixed signs are seen throughout the four-hour and one-hour momentum indicators.The trading range for today is among key support at 1.3140 and key resistance at 1.3500.
As for the British Pound, it is inclining as well on these correctional movements driving the GBP/USD pair to trade around $1.5941 while recording the highest level of $1.5943 and lowest of $1.5858 and is most probably going to remain at consolidated levels as mixed signs; buying and selling, are also witnessed at several time scale within the stochastic oscialltor.The trading range for today is among key support at 1.5730 and key resistance at 1.6125.
Finally, the dollar rose and gained versus the Japanese Yen, after as the USD/JPY pair trades around ¥82.44 while recording the highest level of ¥82.86 and lowest levels of ¥81.89.The trading range for today is among key support at 81.50 and key resistance now at 84.15.