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Tuesday 12 January 2016

12/1/2016 Forex - Dollar slips lower against euro, yen|FOREX TRADING TIPS TODAY

he dollar moved lower against the euro and the safe haven yen on Tuesday, nearing four month lows against the Japanese currency as the ongoing collapse in oil prices and lingering fears over China hit risk sentiment.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.25% at 98.67.

USD/JPY hit lows of 117.22, not far from Monday’s more than four-month trough of 116.68 and was last at 117.49, down 0.24% for the day.
The low yielding euro rose 0.33% against the dollar to 1.0896.


BUY GBPINR ABOVE ABOVE 97.55 TGS 97.65-97.75-97.85 STOPLOSS 97.35 

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  2. European markets finished mixed as of their recent closing prices. The CAC 40 gained 0.22% while the FTSE 100 was higher by 0.11%.
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