Daily Outlook | 20-01-17
Posted on January 20, 2017 at 10:29 am GMT[..]
XM does not provide services to residents of the United States of America.
Technical Analysis – AUDUSD near-term uptrend set to continue
Posted on January 20, 2017 at 8:36 am GMTAUDUSD has been moving up since the beginning of the year with technical indicators currently projecting a continuation of the uptrend in the short-term. The RSI indicator is in bullish territory at 65, well above the 50 threshold that separates positive from negative near-term momentum. This view is reinforced by the stochastics as the %K line is at bullish levels as well (at 73), after recently coming off from overbought territory. The price at the time of writing is 0.7560, [..]
Asian session – Dollar backtracks slightly ahead of Trump inauguration; Chinese GDP in line
Posted on January 20, 2017 at 8:32 am GMTThe US dollar posted some modest losses during today’s Asian session, as a speech by Fed Chair Janet Yellen in Stanford sounded a little less hawkish than the one given the previous day in San Francisco. There was also uncertainty ahead of Donald Trump’s key inaugural address later in the day, where economic issues could be featured given Trump’s pre-election promises of more jobs and faster economic growth. Chair Yellen stressed the need for a gradual approach to higher interest [..]
Daily Outlook | 19-01-17
Posted on January 19, 2017 at 10:00 am GMT[..]
Asian session – Yen tumbles as dollar benefits from Yellen’s rate views
Posted on January 19, 2017 at 8:48 am GMTThe Japanese yen was the main loser of Thursday’s session as stability in global risk assets caused some profit-taking in the safe haven currency. Dollar / yen rallied especially strongly as Fed Chair Janet Yellen expressed views that were more in line with what the hawks in the Federal Reserve were saying recently. Specifically Yellen said that a delay in raising rates could have negative consequences for inflation and / or financial stability and that she saw a steady pace [..]
Week Ahead – China GDP, ECB meeting and May’s Brexit speech in focus
Posted on January 13, 2017 at 2:30 pm GMTThe coming week will be a busier one for financial markets as key data releases and central bank meetings get underway. GDP figures out of China and the European Central Bank’s policy meeting will be the highlights but the biggest headline grabber could be the much-awaited speech on Brexit by British Prime Minister, Theresa May. Also coming up next week is the World Economic Forum in Davos, Switzerland on January 17-20, though major central bank heads appear to be giving [..]
Daily Outlook | 13-01-17
Posted on January 13, 2017 at 10:19 am GMT[..]
Asian session – US dollar steadies ahead of retail sales
Posted on January 13, 2017 at 8:45 am GMTThe US dollar was trying to contain the damage from Trump’s press conference on Wednesday, as the dollar index came back by around 0.5% from the previous day’s low. There was little fresh news for the market to digest and it seemed movements were still related to Wednesday’s inconclusive Trump press conference. Euro / dollar dropped back to 1.0625, compared to the previous day’s high of 1.0684, while dollar / yen was nearly a yen higher than its previous day’s [..]
European Session – Dollar steadies around 114 yen; Euro hits one-month high on ECB QE split
Posted on January 12, 2017 at 4:08 pm GMTThe slide in the US dollar continued to lift other currencies to multi-week highs in today’s European session as investors shun the greenback after Donald Trump failed to offer any new insight on his policy direction. The dollar index fell to a one-month low of 100.72 as the greenback sank against most currencies. Against the yen, the dollar hit a one month low of 113.75 yen at the start of European trading before rebounding to around 114 yen in late [..]
Daily Outlook | 12-01-17
Posted on January 12, 2017 at 10:40 am GMT[..]
