EURUSD

ECB: More upbeat, but June may be too early for QE commitment – Forex News Preview

Posted on June 13, 2018 at 1:06 pm GMT

When the European Central Bank (ECB) announces its rate decision on Thursday at 1145 GMT and President Draghi holds his press conference at 1230 GMT, policymakers will have a delicate job on their hands of signaling that the end of QE is drawing closer. Markets are speculating the Bank may announce a firm end-date to its asset purchases, implying that if officials choose to postpone that decision until July instead, then the euro could come under renewed selling interest on [..]

US Open Preview – Dollar hits fresh 3-week highs ahead of FOMC rate decision

Posted on June 13, 2018 at 11:51 am GMT

Here are the latest developments in global markets: FOREX: Sterling dipped towards a 1-week low of 1.3310 against the US dollar on Wednesday (-0.20%) after CPI figures out of the UK missed slightly expectations on a yearly basis, coming at 2.4% instead of 2.5% analysts forecasted. Dollar/yen reached a 3-week high of 110.71 (0.15%) before the two-day FOMC policy meeting concludes later today, which will give hints on how many more rate hikes are in the Fed’s radar. The dollar index, which measures the dollar’s [..]

European Open Preview – Dollar inches up ahead of Fed decision; UK CPI coming up

Posted on June 13, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is higher by a little more than 0.1% on Wednesday, ahead of the Fed policy decision at 1800 GMT, where the central bank is widely anticipated to raise interest rates. In the UK, sterling managed to rebound against the euro and the yen yesterday, following a vote in Parliament that was interpreted as making a “softer” Brexit more likely. STOCKS: US markets closed mixed on Wednesday, with the Nasdaq [..]

US Open Preview – Sterling heads up despite a miss in wage numbers; Brexit vote in Parliament eyed

Posted on June 12, 2018 at 11:51 am GMT

Here are the latest developments in global markets: FOREX: The greenback moved higher to a new three-week high of 110.49 versus the Japanese yen on Tuesday (+0.22%) after a successful meeting between the US President Donald Trump and the North Korean leader Kim Jong Un during the Asia session. They agreed to achieve a complete denuclearization of the Korean peninsula while Washington committed to provide security guarantees to North Korea but kept sanctions against its old enemy in place for now. Later in the day, [..]

European Open Preview – Risk appetite buoyed by geopolitics; UK jobs data due in the midst of Brexit developments

Posted on June 12, 2018 at 7:50 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is 0.2% higher on Tuesday, ahead of the release of the US inflation data for May and as the Fed kicks off its two-day policy gathering. Meanwhile, the yen is on the back foot as the encouraging outcome in the Donald Trump – Kim Jong-un meeting is supporting risk appetite and diverting flows out of haven assets. STOCKS: Wall Street indices closed higher on Monday, though the gains were [..]

US Open Preview – Dollar enjoys gains as attention shifts to geopolitics and monetary policy

Posted on June 11, 2018 at 11:59 am GMT

Here are the latest developments in global markets: FOREX: The US dollar managed to cross slightly above the 110.00 key level against the Japanese yen on Monday to reach an intraday high of 110.06 ahead of a historic summit between the US President and the North Korean leader on Tuesday and the conclusion of the two-day FOMC policy meeting on Wednesday. The US dollar index which measures the greenback’s performance against a basket of six major currencies moved slightly higher by 0.07% today. Euro/dollar edged [..]

European Open Preview – Yen retreats ahead of key events; UK manufacturing output coming up

Posted on June 11, 2018 at 7:50 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 lower on Monday, though by less than 0.2%. The euro is higher across the board, as some encouraging remarks from Italy’s new finance minister helped to calm markets. Meanwhile, the yen is on the back foot amid subsiding European political risks, and as investors position for the several events this week will bring. [..]

Technical Analysis – EURUSD on course for positive correction; looks to jump even higher

Posted on June 11, 2018 at 6:40 am GMT

EURUSD is in progress to create a bullish retracement following the pullback from the 10-month low of 1.1510 support level. The aggressive bearish movement, especially in the previous seven weekly sessions, has snapped during the past week, completing a bullish candle. Moreover, the momentum indicators in the near-term are supportive for the bullish correction. From the technical point of view, in the daily timeframe, the RSI indicator is sloping slightly to the upside near the threshold of 50, while the MACD [..]

Week Ahead – Policy shift looms as Fed and ECB meet; UK and US inflation also in focus

Posted on June 8, 2018 at 12:10 pm GMT

All eyes will be on the US Federal Reserve and the European Central Bank next week as the two central banks are expected to take further steps towards policy normalization. In contrast, the policy meeting by the Bank of Japan is anticipated to be a non-event. Economic data will also be making the headlines as inflation figures are released in the UK and the US, employment numbers are due in Australia and the UK, and retail sales data will be [..]

US Open Preview – Investors look for safe havens ahead of G7 summit

Posted on June 8, 2018 at 11:56 am GMT

Here are the latest developments in global markets: FOREX: Despite optimism that the ECB will end its QE program by the end of this year, the euro went downhill on Friday against its US counterpart as appetite for riskier assets eased on fears trade tensions could heighten if the US and its G6 partners fail to reach agreement on a joint statement at today’s meeting in Quebec, Canada. The pair also lost ground after German trade numbers indicated a narrower trade surplus in the biggest EU economy, with euro/dollar crawling down to 1.1748 (-0.41%) after [..]

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