EURUSD

Technical Analysis – EURUSD reaches 13-month low after significant sell-off move

Posted on August 13, 2018 at 6:33 am GMT

Technical Analysis – EURUSD reaches 13-month low after significant sell-off move EURUSD sank to a fresh 13-month low of 1.1364 on Monday and opened the day with a gap down after the aggressive bearish session in the preceding week. The world’s most traded currency endorses the negative movement as it holds below the narrow range of 1.1530 – 1.1750 and the 50.0% Fibonacci retracement level of the upleg from 1.0340 to 1.2550, around 1.1440. In the daily timeframe, the technical structure [..]

Week Ahead – Pound looks to UK data to halt slide; US retail sales and Aussie jobs coming up too

Posted on August 10, 2018 at 12:51 pm GMT

Economic releases will heat up in the coming week with monthly data on inflation, employment and retail sales certain to keep some traders busy as many head off for their summer holidays. Central bank meetings will take a backseat, though the week will not be totally absent of policy announcements as the Norges Bank meets to decide on rates. Australian employment in focus for the aussie The Australian dollar hit its lowest since January 2017 of 0.7278 this past week, [..]

US Open Preview – Euro struggles at 1-year lows amid political noise; US CPI inflation next in focus

Posted on August 10, 2018 at 11:32 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index, which measures the dollar’s strength against a basket of six major currencies, headed higher by 0.55% on Friday, while dollar/yen fell by 0.08% below the 111.00 handle as demand for safe havens and upbeat Japanese flash Q2 GDP growth figures provided support to the yen. The euro dropped to the weakest level in a year, probably on the ECB’s concerns that the plunge in the Turkish lira could expose Eurozone [..]

European Open Preview – Dollar demand an unstoppable force; US inflation & UK GDP on the agenda

Posted on August 10, 2018 at 8:05 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is higher by 0.63% on Friday, extending the significant gains it posted in the previous session and touching a new 13-month high. The euro and the pound are the main underperformers, both posting fresh multi-month lows against the greenback. The yen, meanwhile, remains firm amid risk-off tones. In EM, dollar/lira briefly broke above the 6.000 handle, with the pair being up by nearly 7.0% earlier in the [..]

US Open Preview – Dollar holds moderate gains versus yen before Japan’s flash GDP growth release

Posted on August 9, 2018 at 11:37 am GMT

Here are the latest developments in global markets: FOREX: Sterling managed to rebound against the US dollar on Thursday, after it touched its lowest level in almost a year (+0.08%) on the back of growing worries of a no-deal Brexit, while euro/pound fell by 0.15%, dropping back below the 11-month high it posted earlier and the 0.90 handle. The rise in the pound occurred after a report stated that EU members are considering a Brexit deal that would allow the UK to remain in the single market for goods. [..]

European Open Preview – Kiwi plummets on dovish RBNZ; US PPI and US-Japan trade meeting on the horizon

Posted on August 9, 2018 at 7:35 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is marginally higher on Thursday, after posting some relatively small losses (-0.13%) in the previous session. Meanwhile, the kiwi collapsed overnight, falling by nearly 1.4% against the dollar, after the RBNZ pushed further back the anticipated timing of its first planned rate increase and reiterated that a rate cut remains on the table. The British pound struggled as well, touching fresh multi-month lows against its major peers as speculation [..]

US Open Preview – Sterling plunges amid worries of no Brexit deal; RBNZ rate announcement pending

Posted on August 8, 2018 at 12:01 pm GMT

Here are the latest developments in global markets: FOREX: The US dollar weakened by 0.27% versus the Japanese yen on Wednesday, with dollar/yen trading near 111.00, while the US dollar index, which gauges the greenback’s strength against a basket of six major currencies, held near its opening level. Euro/dollar returned to 1.1600 (+0.03%) after reaching an intraday high of 1.1628, while euro/yen dived by 0.38%. Moving to the UK, a no-deal Brexit scenario has been growing in investors’ minds, as less than eight months remain for the UK to leave the EU, and there are still [..]

European Open Preview – Euro advances as sterling & dollar retreat; RBNZ meeting eyed

Posted on August 8, 2018 at 7:44 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which measures the greenback’s performance against a basket of six major currencies – is down by 0.13% on Wednesday, extending the pullback that started in the previous session. The euro capitalized both on the dollar’s correction and on some weakness seen in sterling. Meanwhile, the loonie plunged even in the absence of any NAFTA news. STOCKS: US markets continued their upward march on Tuesday, with the lack of any significant [..]

US Open Preview – Pound, euro up as dollar reverses lower; BoJ summary of opinions in focus

Posted on August 7, 2018 at 11:58 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index, which gauges the greenback’s strength against a basket of six major currencies, eased by 0.26% today, after it came close to the more than 1-year high of 95.652 on Monday. Dollar/yen retreated as well by 0.20%, while euro/dollar picked up speed, trading near 1.1600 (+0.30%). Also, pound/dollar recovered some ground (+0.18%) after falling to an 11-month low overnight on worries about a no-deal UK exit from the European Union. A Bloomberg [..]

European Open Preview – British pound suffers “Brexit blues”

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

Here are the latest developments in global markets: FOREX: The US dollar index is lower by a little more than 0.10% on Tuesday, giving back some of the gains it posted yesterday. Meanwhile, the British pound retreated across the board on Monday, as speculation intensified that the UK could exit the EU without any deal. Elsewhere, the aussie ticked up after the RBA was perceived to be a little more optimistic, on the margin, upon completion of its policy meeting earlier today. STOCKS: US [..]

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