FX Daily Outlook | 20-04-17
Posted on April 20, 2017 at 9:47 am GMT[..]
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Forex Market Review (European Session) – Dollar lacks momentum on falling yields, doubts over Trump
Posted on April 19, 2017 at 2:47 pm GMTBesides final Eurozone inflation data for the month of March and some data on US crude oil inventories, investors didn’t have much to digest in terms of economic data during today’s European session trading. Political developments were once again on the spotlight. The dollar index gained some ground today after three straight days of falls, but even at its highest it failed to break above the 100 level. The greenback lost part of its allure as the yields on US [..]
FX Daily Outlook | 19-04-17
Posted on April 19, 2017 at 8:07 am GMT[..]
Forex Market Review (Asian Session) – Sterling holds gains at six-month highs; aussie underperforms
Posted on April 19, 2017 at 7:39 am GMTSterling held on to gains made after surging to its highest level in more than six months on Tuesday in reaction to an announcement by UK Prime Minister Theresa May who surprised markets by calling a snap general election in June. Markets see a sure win for Theresa May and the Conservative party and expect that this would strengthen her position during the Brexit negotiations as well as stabilize domestic politics. The pound rallied to a high of $1.2904 by [..]
Technical Analysis – Gold bullish bias; price close to multi-month high recorded two days ago
Posted on April 19, 2017 at 7:02 am GMTGold has edged lower from the day’s open, falling to a point where it more or less offsets yesterday’s rise in price. The precious metal posted a more than five-month high two days ago (Monday). The alignment that has been in place since March 27 when the Tenkan-sen line (red) crossed above the Kijun-sen (blue) hints to a bullish short-term sentiment. Additionally, notice that the Tenkan-sen is positively sloped, perhaps indicating that there’s still momentum for upside movements in price. [..]
FX Daily Outlook | 18-04-17
Posted on April 18, 2017 at 9:00 am GMT[..]
Forex Market Review (Asian Session) – Dollar rebounds off five-month lows against yen; focus on US – Japan dialogue
Posted on April 18, 2017 at 7:40 am GMTThe US dollar rebounded on Tuesday, with the help of some comments from US Treasury Secretary Steven Mnuchin, which restored some demand for the greenback. US Treasury yields moved higher, which was supportive for the dollar and lifted it off five-month lows against the yen. The dollar index, which gauges the US currency against a basket of six major counterparts, was flat around 100.18. Mnuchin said that a strong US dollar would be positive over the long term, although he did [..]
Forex Market Review (European Session) – Dollar moderates Trump-driven losses after upbeat US jobless claims data
Posted on April 13, 2017 at 3:11 pm GMTThe dollar index against major currencies regained the key 100 level and the greenback’s losses against the yen that occurred after US President Donald Trump’s comments yesterday, have moderated. Late on Wednesday the President said the dollar is getting too strong and makes American goods more expensive overseas. Geopolitics was still also on the minds of investors today but their nervousness has somewhat abated. Some US data releases today briefly shifted investors’ focus away from concerns about North Korea, Syria, [..]
Forex Market Review (European Session) – Dollar moderates Trump-driven losses after upbeat US jobless claims data; gold hits new 5-week high
Posted on April 13, 2017 at 3:04 pm GMTThe dollar index against major currencies regained the key 100 level and the greenback’s losses against the yen that occurred after US President Donald Trump’s comments yesterday, have moderated. Late on Wednesday the President said the dollar is getting too strong and makes American goods more expensive overseas. Geopolitics was still also on the minds of investors today but their nervousness has somewhat abated. Some US data releases today briefly shifted investors’ focus away from concerns about North Korea, Syria, [..]
FX Daily Outlook | 13-04-17
Posted on April 13, 2017 at 8:14 am GMT[..]
