EURUSD

Will German fiscal stimulus be too little, too late? – Special Report

Posted on August 22, 2019 at 9:30 am GMT

The euro area is on the brink of yet another crisis, with Germany likely to enter a technical recession soon, as the export-heavy economy feels the burn of the US-China trade war and of Brexit worries. Although the ECB is preparing another dose of easing, monetary policy is already exhausted, and fiscal policy needs to step up. Sadly, any German stimulus is unlikely to be large and may take long to arrive, so any sustained rebound in the euro seems [..]

Daily Market Comment – Dollar up after Fed minutes highlight divisions; ECB minutes next

Posted on August 22, 2019 at 8:14 am GMT

US dollar edges up after FOMC minutes shows Fed is split over rate cuts Yuan slips to 11-year low as growth worries resurface ECB minutes and Eurozone PMIs next in focus; euro subdued Fed minutes cast doubt on aggressive easing The minutes of the Federal Reserve’s July policy meeting released yesterday have laid bare the extent of the divisions within the Federal Open Market Committee (FOMC) over the need for lower interest rates amid mixed signs about the health of [..]

EU flash PMI data among key releases for battered euro this week – Forex News Preview

Posted on August 21, 2019 at 11:29 am GMT

It might be another troublesome week for the euro as initial Eurozone PMI readings for the month of August could enhance the case for a heavier stimulus package by the European Central Bank. The reaction in the euro however will depend on the level of monetary easing investors have already priced in, with the Fed’s Jackson Hole and the G7 meetings affecting traders’ sentiment as well. On Thursday at 0730 GMT the IHS Markit survey is likely to report further [..]

Daily Market Comment – Major pairs steady as markets await Fed minutes and Powell

Posted on August 21, 2019 at 8:19 am GMT

Major pairs hold within recent trading ranges as markets seek direction from the Federal Reserve Trump steps up rhetoric against China, reminding investors that trade war is here to stay Euro unfazed by Italian political crisis, pound see-saws on Brexit backstop headlines Calm in currency markets ahead of key Fed events Major pairs were trading sideways on Wednesday as markets turned cautious ahead of the minutes of the Fed’s July meeting and the upcoming speech by Fed Chairman Jerome Powell [..]

Fed minutes & Jackson Hole may pull dollar in opposite directions – Forex News Preview

Posted on August 20, 2019 at 12:01 pm GMT

It will be a decisive week for the US dollar, with the minutes of the latest Fed meeting being released on Wednesday (18:00 GMT), before Fed chief Jay Powell delivers remarks at the Jackson Hole symposium on Friday (14:00 GMT). Since the minutes won’t reflect the latest escalation in trade, they could appear slightly hawkish relative to current market pricing, lifting the dollar. Any gains may remain short-lived though, if Powell opens the door for a prolonged easing cycle. Market [..]

Daily Market Comment – Stimulus hopes lift sentiment; dollar approaches 3-week highs

Posted on August 20, 2019 at 8:25 am GMT

Stocks extend gains as prospect of more stimulus overrides worries about fallout from trade war US dollar edges higher as Treasury yields recover; Fed minutes and Powell speech awaited Aussie firms on RBA minutes; euro struggles amid unease about Italy Global stimulus hopes continue to drive sentiment Growing signs that more governments and central banks around the worlds are taking measures to support their economies remained the main market driver on Tuesday. Most major indices in Asia closed around 1% [..]

Technical Analysis – EURUSD looks for a rebound but upside could be limited

Posted on August 19, 2019 at 9:50 am GMT

EURUSD surrendered most of its monthly gains and dropped below 1.1100 after finding a wall around the 50-day simple moving average (SMA) and the 1.1230-1.1250 area. Technically, the price could pause negative momentum in the very short-term as the Stochastics signal oversold conditions. The RSI seems to be easing downside movement as well, though as long as it holds under its 50 neutral-mark, any upside correction in the price is likely to appear insignificant. Note that the red Tenkan-sen reversed back south [..]

Daily Market Comment – Stocks up on China rate reform; dollar firms ahead of Jackson Hole

Posted on August 19, 2019 at 8:20 am GMT

Risk sentiment continues to improve on reports of China interest rate reforms and German fiscal stimulus Stocks have a positive start to week while safe-havens yen, Swiss franc and gold retreat Dollar holds firm as markets await policy cues from Powell at Jackson Hole symposium China reforms and German stimulus reports boost markets Markets opened in a positive mood on Monday, extending the rebound in risk appetite from late last week. Sentiment was boosted from developments over the weekend that [..]

Week Ahead – Fed minutes and Jackson Hole eyed for policy direction; ECB minutes and Eurozone PMIs also in focus

Posted on August 16, 2019 at 10:47 am GMT

The summer lull will continue into next week as economic releases will remain sparse. However, central bank minutes and the annual gathering of central bankers at the Jackson Hole Economic Symposium should generate plenty of headlines ahead of expected policy easings in September. Trade and geopolitical tensions will also come to the fore as world leaders attend a G7 summit in France. Aussie and kiwi to remain on the backfoot The Australian and New Zealand dollars have managed to steady [..]

Daily Market Comment – Markets steadier but recession fears persist; strong US data lifts dollar

Posted on August 16, 2019 at 8:19 am GMT

Stocks head higher as Trump trade comments and strong US retail sales calm markets But fears of a downturn persist as bond markets remain in dangerous territory Pound up on latest bid by UK opposition parties to thwart no-deal Brexit Stock market sell-off eases on positive headlines Stocks in Asia were mostly positive on Friday and European and US equity futures were also pointing to a firmer start following yesterday’s rebound in risk appetite. Sentiment was boosted from a surprise [..]

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