EURUSD

European Open Preview – Risk-on sentiment resumes as trade storm eases

Posted on December 3, 2018 at 9:37 am GMT

Stocks up, dollar down as trade fears ease French President Macron under political pressure but euro heads up Brexit risks loom in the background Oil surges as Russian President backs production cuts; Qatar to withdraw OPEC membership Stocks head higher on trade relief The US President, Donald Trump, and the Chinese leader, Xi Jinping had progressive trade talks during their dinner on the sidelines of the G20 summit on Saturday, with the world’s largest economies deciding to ceasefire the [..]

Week Ahead – Spotlight on US jobs report after ‘Powell Put’; RBA and BoC meet

Posted on November 30, 2018 at 1:56 pm GMT

The coming week will be significant both in terms of data releases as well as for central bank meetings. November nonfarm payrolls out of the US will likely be the most anticipated report but it’s going to be a big week for the Australian dollar too as Q3 GDP numbers are due along with an RBA meeting. The Bank of Canada will be the other central bank holding a scheduled meeting, though the Canadian dollar will probably be paying more [..]

European Open Preview – All eyes on the Trump-Xi meeting

Posted on November 30, 2018 at 8:41 am GMT

The Trump-Xi meeting is due tomorrow; whether a “ceasefire” is agreed may determine the near-term direction of the dollar and equities Market reaction to FOMC minutes was muted. Attention turns to a speech by NY Fed President Williams today at 1400 GMT Oil rebounds after posting fresh one-year lows, eyes next week’s OPEC meeting Trump and Xi to meet, outcome may shape risk appetite Movements in the FX market were largely subdued, with investors increasingly turning their attention to the [..]

European Open Preview – Powell sinks dollar, but mind the Fed minutes

Posted on November 29, 2018 at 8:38 am GMT

Dollar drops as Powell appears “dovish”. However, markets may have overreacted, hence today’s Fed minutes (1900 GMT) could be crucial Equities and commodity-linked currencies lifted by Powell’s remarks Pound capitalizes on dollar’s pullback and signs voters may support May’s deal Dollar drops as Powell appears “cautious”, but Fed minutes crucial Fed Chair Powell’s speech yesterday was widely perceived as dovish. The comment that grabbed most attention was that rates “remain just below the broad range of estimates that would be [..]

European Open Preview – Greenback eyes Fed Chair Powell’s speech

Posted on November 28, 2018 at 9:06 am GMT

Dollar flirts with 1½-year highs as Fed’s Clarida “sticks to script” on hikes; remarks by Fed Chair Powell today at 1700 GMT will be key Stocks briefly slip on rumors of car tariffs but recover on Kudlow’s optimism Pound remains under pressure as political uncertainty reigns Dollar firms after Clarida’s remarks, and amid whispers of car tariffs The greenback shined bright once again on Tuesday, with the dollar index soaring to come within breathing distance of its recent 1½-year highs. [..]

Eurozone flash CPI eyed as risks loom – Forex News Preview

Posted on November 28, 2018 at 9:04 am GMT

Besides the Italian budget story and Brexit, preliminary inflation readings out of the Eurozone are highly likely to spark volatility in the euro this week, affecting opinion about whether a rate hike by the European Central Bank is appropriate next year. The report is due on Friday at 1000 GMT, with investors estimating some weakness in the headline Consumer Price Index (CPI). On the other hand, the core measure is expected to gain momentum, though within a familiar field. [..]

European Open Preview – Dollar turns its sights to Fed speakers; pound tumbles

Posted on November 27, 2018 at 8:47 am GMT

Euro unable to sustain Italy-related gains, as ECB President Draghi struck a more cautious tone amid weakening data Dollar exploits euro’s softness, advancing nearly across the board; today all eyes will turn to a speech by Fed Vice Chair Clarida at 1330 GMT US stocks rebound, but “hawkish” Trump remarks on trade temper optimism Pound tumbles as markets digest Parliament will likely vote against Brexit deal Euro lifted by Italian optimism, but ECB drags it back down The common currency [..]

European Open Preview – Sterling unimpressed by EU’s Brexit deal approval

Posted on November 26, 2018 at 8:53 am GMT

Pound unimpressed by EU leaders approving Brexit deal, as UK Parliamentary endorsement still looks highly unlikely Euro drifts lower after soft PMIs heighten speculation for a cautious ECB; President Draghi’s remarks today will be watched closely Loonie unable to rally after decent data, as oil prices continue to plunge Dollar capitalizes on risk-off mood, looks to key Fed speakers for direction Pound little changed as EU leaders approve Brexit deal EU leaders approved the Brexit divorce deal over the weekend, [..]

Technical Analysis – EURUSD builds base below SMAs; bearish structure holds

Posted on November 26, 2018 at 7:17 am GMT

EURUSD had a deep fall on Friday and has been stuck below the 20-day simple moving average over the last couple of months. Looking at momentum indicators, the RSI is pointing slightly up below its neutral threshold of 50, while the MACD also remains innegative territory but is embraced by its red signal line. In the wake of more negative pressures, the market could meet support at the 17-month low of 1.1215, before the price heads sharply lower towards the 1.1115 mark, identified by [..]

Week Ahead – Brexit and G20 summits to take centre stage; Fed also under the limelight

Posted on November 23, 2018 at 1:51 pm GMT

European and world leaders’ summits preceding and concluding the upcoming week will be the most closely watched events as the market tone will be tied to how much progress is made with Brexit arrangements and in easing Sino-US trade tensions. The Federal Reserve will also be attracting plenty of attention as several policymakers, including Chairman Powell, are scheduled to speak. In terms of economic indicators, Australian quarterly business expenditure, Canadian Q3 GDP and US PCE inflation will be the highlights. [..]

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