EURUSD

US Open Preview – Dollar inches lower; all eyes on US-Canada talks

Posted on August 28, 2018 at 11:46 am GMT

Here are the latest developments in global markets: FOREX: The dollar traded 0.16% lower against a basket of six major currencies on Tuesday, erasing the modest gains it posted earlier in the session and looking set to post the third day of declines in a row. The world’s reserve currency has been under pressure lately as trade tensions appear to have eased somewhat and investors unwound some of their safe-haven bets, with some less-than-hawkish remarks from Fed chief Powell also [..]

European Open Preview – US-Mexico trade deal fuels risk appetite; dollar extends retreat

Posted on August 28, 2018 at 7:40 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was up on Tuesday, albeit by less than 0.1%, attempting to recover some of the losses it recorded yesterday as investors scaled back safe-haven bets on the currency, following headlines of a US-Mexico trade agreement. The euro capitalized on the dollar’s softness, advancing across the board on Monday, and reaching a fresh one-year high against the battered British pound. Meanwhile, the loonie climbed somewhat on the optimistic NAFTA headlines, touching a [..]

US Open Preview – Dollar consolidates losses; NAFTA developments eyed

Posted on August 27, 2018 at 11:38 am GMT

Here are the latest developments in global markets: FOREX: The dollar’s index against a basket of currencies remained higher on the day, though only slightly so, consolidating for the most part last week’s notable declines which largely came on the back of Trump’s Fed-hiking criticism and Fed chief Powell’s perceived-dovish message at Jackson Hole on Friday. Dollar/yen was 0.1% lower, trading roughly 40 pips below Friday’s three-week high of 111.48. Euro/dollar was marginally down. The pair pared some of its [..]

European Open Preview – Dollar slips on Powell; NAFTA agreement coming up?

Posted on August 27, 2018 at 7:43 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is marginally higher on Monday (+0.06%), recovering some of the notable losses it posted on Friday following some relatively cautious remarks from Fed Chairman Powell that left the bulls disappointed. The euro capitalized on the dollar’s weakness and recovered across the board, while conversely, the yen retreated – weighed on by the boost in risk appetite that Powell fueled. Meanwhile, the British pound remained on the back foot, amid no signs of [..]

Technical Analysis – EURUSD extends recovery to 1-month highs; could maintain positive momentum in short-term

Posted on August 27, 2018 at 6:58 am GMT

EURUSD continues to recoup losses which drove the market to a 1-year low of 1.1300 on August 15, with a spirited recovery to an almost 1-month high of 1.1652 during Monday’s Asian session. For short-term trading, the RSI and the MACD indicate that positive momentum could hold as the former picks up speed above the 50 neutral mark and the latter distances itself above its red signal line. Moreover, the market created a bullish doji around 1.1300, justifying the recent positive reversal. However, the fast [..]

Week Ahead – US PCE inflation, Aussie capex and Canadian GDP to highlight another muted week

Posted on August 24, 2018 at 2:35 pm GMT

As summer draws to a close, it will be another lacklustre week for economic data in the coming seven days. The biggest weight will therefore fall on PCE inflation numbers out of the US, GDP figures from Canada and Australian quarterly capital expenditure data to keep the markets alive, barring of course any fresh developments on the trade front or in the Brexit negotiations. Other notable releases will include Eurozone flash inflation estimates, Chinese manufacturing PMIs and the second reading [..]

German Ifo business climate to edge up in August; may struggle to lift the euro – Forex News Preview

Posted on August 24, 2018 at 12:44 pm GMT

The Ifo business survey out of Germany will be making the headlines on Monday at 08:00 GMT as investors look still for evidence that growth in the Eurozone’s largest economy is picking up. While recent data suggest the deceleration in growth has bottomed out and economic activity may even be quickening somewhat, many analysts remain cautious about the outlook for Germany and the wider euro area, and this is reflected in euro/dollar, which recently hit a more than one-year trough [..]

US Open Preview – Dollar loses ground ahead of Powell’s Jackson Hole speech; oil rallies

Posted on August 24, 2018 at 12:32 pm GMT

Here are the latest developments in global markets: FOREX: Dollar/yen pulled back below a two-week high of 111.48 reached early today, falling to 111.30, near Thursday’s close price ahead of Powell’s Jackson Hole speech. The dollar index, which measures the dollar’s strength against six major currencies was also in a bearish move, printing losses towards 95.33 (-0.34%) as the euro and the pound strengthened. Euro/dollar stood higher at 1.1585 (+0.42%), helped by solid GDP growth data out of Germany, and pound/dollar [..]

European Open Preview – Dollar posts modest losses ahead of Powell speech; possibility of no-deal Brexit hurts pound

Posted on August 24, 2018 at 7:58 am GMT

Here are the latest developments in global markets: FOREX: The dollar was 0.2% down against six major currencies on Friday. Fed chief Powell’s speech at the Jackson Hole summit later today may act as the short-term driver determining positioning on the greenback. STOCKS: The Dow Jones, S&P 500 and Nasdaq Composite finished Thursday’s trading in the red, specifically losing 0.3%, 0.2% and 0.1% respectively. Trade angst could had contributed to the fall, though it could also be argued that there was no [..]

US Open Preview – Dollar broadly higher as Aussie remains under pressure; ECB minutes due

Posted on August 23, 2018 at 11:16 am GMT

Here are the latest developments in global markets: FOREX: The dollar’s index versus a basket of currencies continued to trade higher on Thursday and is looking set to put an end to the six-day streak of declines, its longest since February. The US currency is posting gains across the board, though excluding the Aussie, they’re not sizable in nature. Euro/dollar and pound/dollar are both lower by around 0.1%, with dollar/yen up by 0.2%, not far below the 111 handle. Flash [..]

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