The sell off of the US dollar extends quite rapidly, and positive data for the US jobs market is just not enough to jolt the US dollar back up. EUR/USD is tackling high ground at nearly 1.2450, climbing around 200 pips from the recent 2 year lows. USD/JPY is under 118.50, around 300 pips from the highs seen not that long ago. The dollar is also weaker against other currencies, but these ones certainly stand out. More coming For EUR/USD, the high of 1.2450 represents the level seen after Draghi did not deliver immediate QE. Are we seeing a double top here? So far, it’s a lower high. Here is the EUR/USD chart: For USD/JPY, what comes up so quickly must come down so quickly as well. The rush above 120 was probably too quick, and then over-extended by the US Non-Farm Payrolls. The US surprised with a gain of 321K jobs and this sent the dollar screaming higher on Friday. We saw another small extension early on Monday, but it all turned downhill for the dollar since then: Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next AUD/USD: Trading the Australian jobs Dec 2014 Kenny Fisher 7 years The sell off of the US dollar extends quite rapidly, and positive data for the US jobs market is just not enough to jolt the US dollar back up. EUR/USD is tackling high ground at nearly 1.2450, climbing around 200 pips from the recent 2 year lows. USD/JPY is under 118.50, around 300 pips from the highs seen not that long ago. The dollar is also weaker against other currencies, but these ones certainly stand out. More coming For EUR/USD, the high of 1.2450 represents the level seen after Draghi did not deliver immediate QE. Are we seeing a double… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
