FX Daily Outlook | 27-03-17
Posted on March 27, 2017 at 8:14 am GMT[..]
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Asian Session – Dollar falls across the board, gold rallies after new US healthcare bill fails to pass
Posted on March 27, 2017 at 7:31 am GMTThe dollar fell across the board and gold rallied as risk aversion in the markets increased demand for safe haven assets after news that the US House of Representatives failed to pass legislation that would reform the American healthcare system. Repealing and replacing Obamacare was one of Trump’s major election campaign promises and his inability to pass the new healthcare bill is raising concern on whether his other more important plans on tax cuts and stimulus measures will get executed [..]
FX Daily Outlook | 24-03-17
Posted on March 24, 2017 at 10:11 am GMT[..]
Asian Session – Dollar edges up above 111 yen ahead of healthcare vote in US House
Posted on March 24, 2017 at 8:07 am GMTThe dollar was slightly higher in Friday’s Asian session, halting a nine-day slide against the yen, as US Treasury yields rose. Markets received some clarity on the US House of Representatives vote on the new healthcare bill that would repeal and replace Obamacare. The vote that was due on Thursday was postponed for Friday. Earlier in the week, the dollar came under pressure and US stock markets tumbled over concerns that President Trump won’t be able to get the bill [..]
European Session – Dollar drifts lower ahead of US healthcare vote but pound up on strong retail sales
Posted on March 23, 2017 at 3:40 pm GMTThere was no reprieve for the US dollar today as the greenback continued to face steep selling pressure on growing doubts about the Trump administration’s ability to push through key legislation in Congress ahead of today’s vote on repealing Obamacare. The dollar was once again testing 111 yen in European trading, while the pound had another strong session, reclaiming the 1.25 level against the dollar after stronger-than-expected UK retail sales data. The debate in the US House of Representatives on [..]
Technical Analysis – AUDUSD extends weekly losses; finds support at 50-DMA
Posted on March 23, 2017 at 12:13 pm GMTAUDUSD reversed sharply lower after hitting a 4-month high of 0.7749 on Monday. It has since fallen by around 1.5% but managed to stabilize after finding support at the 50-day moving average earlier today. RSI is neutral at 50 but a drop into bearish territory is possible given that it is sloping down. If the downtrend continues and the pair breaches the 50-day moving average at 0.7623, the near-term bias would turn bearish. This would clear the way towards the 200-day [..]
FX Daily Outlook | 22-03-17
Posted on March 22, 2017 at 9:38 am GMT[..]
Asian Session – Dollar slides as investors fear delay in Trump fiscal plans
Posted on March 22, 2017 at 8:39 am GMTRisk aversion in the markets led to safe haven demand, helping the yen strengthen and the dollar index fall below 100. Sterling was one of the best performing major currencies after UK inflation rose to the highest in over three years. The dollar fell to its lowest level since November 23 against the yen, reaching 111.25 in the Asian session. The dollar index, which gauges the greenback against a basket of six major currencies, slid to 99.72, trading below 100 for [..]
European Session – Pound surges to 3-week high after UK inflation breaks BoE’s 2% target; Euro tests $1.08
Posted on March 21, 2017 at 3:01 pm GMTThe British pound was the best performing major currency in Tuesday’s European session as it was lifted from stronger-than-expected inflation data out of the UK. The euro was another star performer as it benefited from positive developments in the French presidential campaign, while the US dollar continued to drift lower. Annual inflation in the UK jumped to 2.3% in February, beating estimates of a milder increase to 2.1% from January’s 1.8%. This takes the headline rate to the highest since [..]
European Session – Pound slips on announcement of date to trigger Article 50
Posted on March 20, 2017 at 3:58 pm GMTThe US dollar index made some recovery during the European session after dipping to a six-week low of 100.02 in the Asian session. The antipodeans outperformed the greenback while the loonie was weaker today due to lower oil prices in the wake of the Baker Hughes oil rig count. The pound fell sharply on news of the Article 50 trigger date. In a relatively quiet day in terms of economic data releases, the main news of the day was the [..]
