FX Daily Outlook | 03-07-17
Posted on July 3, 2017 at 9:08 am GMT[..]
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Forex Market Review (Asian Session) – Dollar modestly up; euro falls below 1.14
Posted on July 3, 2017 at 7:49 am GMTToday’s Asian session saw the dollar broadly advancing relative to other majors, though its gains were limited in nature. China’s Caixin manufacturing PMI positively surprised, pushing the yuan higher, while a negative backdrop could potentially form for the yen after Prime Minister Shinzo Abe’s Liberal Democratic Party lost an election in Tokyo. As Asian traders were completing their day, the dollar index was up two-tenths of a percent at 95.79. The index, which gauges the greenback against a basket of [..]
Week Ahead – US and Canadian jobs data eyed amid rate hike talk; RBA and UK PMIs also in focus
Posted on June 30, 2017 at 10:38 am GMTEmployment reports out of the United States and Canada will be scrutinized as the Fed eyes a third rate hike and the Bank of Canada moves closer to a tightening cycle. Central bank meetings will include the Reserve Bank of Australia and the Riksbank, while PMI data out of the United Kingdom, the Eurozone, China, Canada, and the United States will also be watched. RBA set to maintain neutral stance The Reserve Bank of Australia is expected to hold rates [..]
FX Daily Outlook | 30-06-17
Posted on June 30, 2017 at 10:25 am GMT[..]
Forex Market Review (Asian Session) – Yen, kiwi up; euro volatile ahead of inflation, eyes key data releases
Posted on June 30, 2017 at 8:05 am GMTDuring today’s Asian trading session, news and data flow was mostly focused on Japan and China. The yen is up for the third consecutive day relative to the dollar. The euro, sterling and the aussie retraced some of the early gains against the dollar as the Asian session was closing. The upbeat in China’s manufacturing PMI pushed up the aussie against the dollar (as China and Australia are major trading partners) to reach an intra-day level of $0.7712, a more [..]
Technical Analysis – AUDUSD bullish bias; pair records one-week high
Posted on June 27, 2017 at 1:17 pm GMTAUDUSD has been edging higher over the last three days. In its up movement today, the pair managed to break above the 0.76 handle to reach 0.7624 at its highest, a one-week high. Technical indicators including the RSI and stochastics are projecting a bullish short-term picture for the pair. Specifically, the RSI is comfortably above its 50 neutral-perceived level at 61 and is currently trending upwards. As regards the stochastics, the %K line is in bullish territory while it has [..]
FX Daily Outlook | 27-06-17
Posted on June 27, 2017 at 8:49 am GMT[..]
Forex Market Review (Asian Session) – Central bank speeches in focus; euro eases on Draghi; dollar awaits Yellen; gold recovers
Posted on June 27, 2017 at 7:59 am GMTAs the Asian markets were closing for the day, major currencies were mostly range-bound in a relatively quiet session due to few data releases and ahead some of the key events scheduled for later in the day. European Central Bank President Mario Draghi will speak shortly at the ECB Forum on Central Banking in Portugal. Bank of England Governor Mark Carney is scheduled to speak following the release of the BoE’s Financial Stability Report, while Federal Reserve Chair Janet Yellen will be speaking [..]
FX Daily Outlook | 23-06-17
Posted on June 23, 2017 at 8:09 am GMT[..]
Forex Market Review (Asian Session) – Oil-linked currencies gain with the commodity’s rise; dollar retreats
Posted on June 23, 2017 at 7:44 am GMTAs the Asian trading session is coming to a close, the dollar is modestly down while commodity-linked currencies, such as the loonie, are gaining ground versus the greenback on the back of oil rising. The dollar index, a broader gauge of the US currency’s strength, was last down two-tenths of a percent on the day. Dollar/yen was slightly down at 111.25. If it closes the day lower, it would be the fourth consecutive day of declines for the pair. The [..]
