FX Daily Outlook | 21-06-17
Posted on June 21, 2017 at 8:05 am GMT[..]
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Forex Market Review (Asian Session) – Oil remains close to 7-month lows; dollar little changed
Posted on June 21, 2017 at 7:35 am GMTAs Asian markets are completing their trading day, the dollar index has eased from yesterday’s one-month high but is still close to that level. In the meantime, WTI and Brent crude didn’t manage to post a rebound after yesterday’s sizable losses. The dollar index, a broader gauge of the greenback’s strength, remains close but below yesterday’s one-month high of 97.87. The greenback was recently supported by key Fed officials communicating that rate normalization should remain on track. Dollar/yen didn’t manage [..]
FX Daily Outlook | 20-06-17
Posted on June 20, 2017 at 8:52 am GMT[..]
Forex Market Review (Asian Session) – Dollar firms on hawkish Fed speakers; sterling in focus ahead of speeches by BoE Governor and UK Chancellor
Posted on June 20, 2017 at 7:32 am GMTThe US dollar was firmer on the back of hawkish comments from Federal Reserve officials. Sterling held onto Monday’s losses as all eyes turn to the mansion House speeches later by Bank of England Governor Mark Carney’s speech and UK Chancellor Philip Hammond. The aussie rose despite mixed RBA minutes. The greenback rose to a 3-week high against the yen at 111.76 as higher US Treasury yields helped lift the US currency. Comments from New York Fed President William Dudley [..]
Forex News – Upbeat Australian job report boosts aussie dollar; unemployment rate at 4-year low
Posted on June 15, 2017 at 10:51 am GMTThe Australian economy added significantly more jobs in May than forecasters predicted, spurring hopes that labor market strength will start feeding into the overall economy. Specifically, the number of jobs added to the economy reached 42,000 in May, far outstripping expectations of 10,000. This is the third month in a row that the level of hiring surprises to the upside, confirming the formation of a positive trend for the Australian labor market and consequently the economy overall. Last month’s figure [..]
Forex Market Review (Asian Session) – Aussie gains on upbeat jobs report; kiwi drops after GDP; greenback steady post-Fed
Posted on June 15, 2017 at 7:39 am GMTThe US dollar mostly held onto gains made after the Federal Reserve was not as dovish as some had expected and the aussie was one of the best performing major currencies after strong jobs data. The kiwi slid after soft GDP data. The Fed announced on Wednesday it raised interest rates for the second time this year, taking the target range for the Fed funds rate to between 1.00-1.25%, as was widely expected. The US central bank cited continued US [..]
Technical Analysis – AUDUSD bullish bias; remains above 50- and 200-day moving averages
Posted on June 13, 2017 at 2:04 pm GMTAUDUSD has been consolidating in recent trading days after posting significant gains during the previous week. The short-term picture remains bullish with RSI above its 50 neutral-perceived level at 58 and the MACD histogram positive and above the red signal line. Bear in mind though that RSI is currently flat, perhaps hinting that the bullish sentiment has lost part of its steam. The 50% Fibonacci retracement level (March 21 – May 9 downleg) at 0.7538 could offer some intra-day resistance. [..]
FX Daily Outlook | 13-06-17
Posted on June 13, 2017 at 8:17 am GMT[..]
Forex Market Review (Asian Session) – Canadian dollar outperforms on rate hike probability; dollar steady ahead of Fed
Posted on June 13, 2017 at 7:39 am GMTThe Canadian dollar was one of the top performing major currencies after gaining on hawkish comments from a Bank of Canada official. The pound remained soft while the dollar index was little changed before Wednesday’s Federal Reserve policy decision. Bank of Canada Senior Deputy Governor Carolyn Wilkins’ comments yesterday raised the probability of a rate hike by year-end. Wilkins said the central bank would assess if it needs to keep interest rates at near-record lows as the Canadian economy grows. [..]
FX Daily Outlook | 12-06-17
Posted on June 12, 2017 at 9:24 am GMT[..]
