EURUSD

Week Ahead – RBA to mull dovish shift; resilient dollar eyes US jobs report

Posted on March 29, 2019 at 1:19 pm GMT

Bond markets will remain on edge in the coming week as the Reserve Bank of Australia could become the next central bank to switch to a dovish stance and possibly amplify the flight to safety, which has sent sovereign bond yields plummeting. Another catalyst for market volatility could come from the US jobs report, which has the capacity to either reverse or extend the rally in bond prices. There will be no shortage of US data with plenty of other [..]

European Open Preview – Pound plunges as May makes final push for her deal; dollar holds firm as trade talks eyed

Posted on March 29, 2019 at 9:25 am GMT

Sterling is in freefall again after Prime Minister May decides to put her deal to a third vote, but without the political deceleration on a future relationship Dollar holds near highs despite lower GDP revision as Treasury yields recover Stocks bounce back as bond rally eases and on optimism of US-China trade deal MPs to vote again on Withdrawal Agreement minus the political declaration British prime minister, Theresa May, made a last-ditch attempt to get her Brexit deal through Parliament. [..]

European Open Preview – Dollar firms as its peers struggle; pound slips as MPs fail to reach Brexit consensus

Posted on March 28, 2019 at 9:25 am GMT

US dollar continues to inch higher despite falling yields as more central banks join dovish bandwagon Pound comes under pressure after indicative votes produce no majority for any option and May’s offer to quit fails to win enough support for her deal Kiwi and aussie rebound from lows but euro extends declines Dollar defies lower US yields as other government bond yields fall more The US currency rose to fresh two-week highs on Thursday, with the dollar index approaching the [..]

European Open Preview – Dollar edges up as Treasury yields stabilize; Kiwi slumps as RBNZ hints at rate cut

Posted on March 27, 2019 at 9:17 am GMT

Dollar firmer despite weak US data as Treasury rally eases New Zealand dollar nosedives after RBNZ says rate cut more likely than a hike Pound choppy ahead of crucial indicative votes on Brexit in Parliament Steadier Treasury yields help dollar regain some footing The US dollar edged higher against a basket of currencies on Wednesday, extending Tuesday’s gains, as steadier Treasury yields alleviated the recent selling pressure, especially against the yen. The dollar index rose to a 2-week high of [..]

European Open Preview – Sterling steady as May loses control of Brexit process; dollar weighed by falling US yields

Posted on March 26, 2019 at 9:14 am GMT

Pound holds steady as British MPs prepare to vote on alternative Brexit plans Dollar struggles following yield curve inversion Equities breathe sigh of relief as US yields edge up Pound hovers around $1.32 as Brexit drama continues UK Prime Minister Theresa May suffered another humiliating defeat in Parliament on Monday after lawmakers voted in favour of holding a series of indicative votes to decide the next steps in the Brexit process, seizing power away from the government. While the vote [..]

Technical Analysis – EURUSD returns lower as it fails to surpass 40-SMA

Posted on March 26, 2019 at 7:37 am GMT

EURUSD remains under pressure and the risk is still to the downside as prices continue to drift lower from the 1.1450 high and the 23.6% Fibonacci retracement level of the downleg from 1.1815 to 1.1175, near 1.1325. Also, the price found strong obstacle around the 40-simple moving average (SMA) in the daily timeframe. The RSI is hovering just below 50 and the stochastic oscillator has reached oversold area, with the %K line set for a bullish cross with the %D line, a signal that a [..]

Week ahead – RBNZ meets, trade talks resume, and more Brexit in store

Posted on March 22, 2019 at 2:35 pm GMT

After a hectic week that saw the Fed officially abandon its rate-hike plans for this year and several developments in the Brexit saga, things could quiet down a little. The only major central bank to meet next week will be the Reserve Bank of New Zealand (RBNZ), while in the political arena, all eyes will remain on the UK as another Brexit vote could be held in Parliament. On the trade front, high-level talks will resume in Beijing. Brexit squarely [..]

European Open Preview – Dollar roars back; euro crumbles on soft PMIs

Posted on March 22, 2019 at 9:09 am GMT

Dollar recoups Fed losses as other currencies soften Stocks climb amid renewed trade optimism Pound trims losses as EU offers short extension Euro plunges after Germany’s manufacturing PMI signals more pain ahead Dollar roars back, recoups Fed losses The US dollar staged a remarkable comeback on Thursday, advancing against a basket of six major currencies to recoup all the losses it recorded following the Fed meeting, even without any positive US catalyst or news. What is particularly striking, is that [..]

Eurozone PMIs could dictate euro’s near-term path – Forex News Preview

Posted on March 21, 2019 at 2:16 pm GMT

The Eurozone will be on the receiving end of preliminary PMIs for March on Friday, at 09:00 GMT. Economic growth has slowed drastically lately, leading the ECB to redeploy its ‘shock and awe’ tactics, and push back the timing of its first planned rate increase. Against this backdrop, these data could prove crucial for the euro, as they will provide an early glimpse of how the bloc’s economy ended Q1. The euro area lost considerable momentum in recent quarters, with [..]

European Open Preview – Dollar reels as Fed abandons hikes; BoE decides

Posted on March 21, 2019 at 9:08 am GMT

Fed ‘dot plot’ shows no hikes in 2019, dollar crumbles Sterling dives as May requests short extension; BoE meeting and EU summit today SNB remains on hold, reiterates readiness to intervene in FX market Dollar plunges as Fed abandons rate hike plans – easing bets grow The Fed meeting wasn’t short of surprises. There was no change in policy, as expected, but the officials revised down their rate projections in the famous ‘dot plot’ quite significantly, to the point that [..]

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