All Articles Tagged - GER30

US Open Preview – Pound gains on BoE rate hike comments

Posted on May 22, 2018 at 11:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar eased from the 5-month high of 111.39 against the Japanese yen (-0.10%) reached on Monday on the back of rising US Treasury yields and easing US-China trade tensions. The US dollar index was on the back foot as well, losing 0.34% after a touch at 94.05, the highest level marked since December. Pound/dollar rallied initially towards 1.3454 finding support from comments made by Bank of England policymaker Gertjan Vlieghe who [..]

US Open Preview – Euro falls down the stairs amid political risks

Posted on May 21, 2018 at 11:31 am GMT

Here are the latest developments in global markets: FOREX: The US dollar advanced considerably versus the Japanese yen on Monday (+0.46%) after the US Treasury Secretary Steven Mnuchin said on Sunday that the US trade war with China is “on hold”. Dollar/yen created a fresh 4-month high at 111.38, while the US dollar index added 0.31% to its performance, creating a 5-month high at 94.05. Pound/dollar plunged to a 5-month low of 1.3394 (-0.46%) ahead of key data this week which [..]

US Open Preview – Canadian inflation awaited; trade talks loom in background

Posted on May 18, 2018 at 11:08 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index edged higher on Friday (-0.05%), approaching once again the 5-month high of 93.63. The greenback remains one of the best-performing currencies this week, drawing support from the surge in 10-year US Treasury yields. Dollar/yen jumped to a new 4-month high near the 111.00 handle, adding 0.17% to its performance today. Euro/dollar inched down to 1.1777 (-0.11%) and approaches the 2018 low of 1.1762. The pair is set to post the fifth [..]

European Open Preview – Trade talks back in the limelight; Canadian inflation data ahead

Posted on May 18, 2018 at 8:03 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is lower today, but by less than 0.1%, giving back some of the gains it posted yesterday. The yen is on the back foot too, declining more than 0.2% against the euro and 0.05% versus the dollar, following disappointing inflation data out of Japan overnight. STOCKS: US markets closed in the red on Thursday, weighed on by some remarks from US President Trump that he doubts the [..]

Technical Analysis – Germany 30 index maintains bullish bias in near-term; broader trend is neutral

Posted on May 17, 2018 at 2:19 pm GMT

The Germany 30 index is looking set to record an eight straight week of gains, which have taken it above the 50-week SMA, following the rebound from the 11710 support. The sharp buying interest drove the price towards a new 15-month high of 13074.50, while the momentum indicators are supportive of the bullish picture. Looking at the daily timeframe, the RSI indicator holds above the 70 level and is sloping up; some caution may be warranted given that the indicator is in overbought territory. Moreover, the stochastic oscillator posted an [..]

US Open Preview – US Treasury yields lead dollar versus yen to 4-month highs

Posted on May 17, 2018 at 11:20 am GMT

Here are the latest developments in global markets: FOREX: The US dollar is set to extend its gains for the fourth day in a row against the Japanese yen (+0.25%). The pair posted a fresh 4-month high of 110.73 during the early European session as the long-term US Treasury yields continued to rally, touching 3.12%, the highest level reached since 2011. The US dollar index tried to create further gains, moving higher by 0.03%. Euro/dollar fell by 0.14% so far on the day and [..]

US Open Preview – Dollar index peaks at fresh 5-month highs on rising Treasury yields

Posted on May 16, 2018 at 11:30 am GMT

Here are the latest developments in global markets: FOREX: The US dollar pared some of Tuesday’s gains that were posted after a rally in US treasury yields; 10-year Treasury yields hit as high as 3.095, the highest since 2011. Dollar/yen retreated by 0.18% after it marked a new 3-month high of 110.44 on yesterday’s US session. The US dollar index was moving higher on Wednesday by 0.25%, peaking at a fresh five-month high of 93.45. Eurozone’s inflation rate remained unchanged at [..]

US Open Preview – Euro, pound turn lower as dollar enjoys gains; eyes on US retail sales

Posted on May 15, 2018 at 11:30 am GMT

Here are the latest developments in global markets: FOREX: Stronger US long-term Treasury yields continued to underpin the dollar during the early European afternoon, sending dollar/yen slightly above the 110 key-level before a slip to 109.90 (+0.23%). The US dollar index pulled back from an almost two-week peak of 92.80 touched on Monday but was set to complete a second green day in a row, last trading at 92.75 (+0.18%). The greenback will be looking for direction from US retail sales [..]

US Open Preview – Euro heads higher as political noise eases

Posted on May 14, 2018 at 11:31 am GMT

Here are the latest developments in global markets: FOREX: The euro headed for a third consecutive day of gains on Monday although the dollar posted some gains as well against the yen, with investors keeping a close eye on political developments in Italy, where a coalition government may be formed earlier than expected. Euro/dollar rose to to 1.1982 (+0.33%), while dollar/yen touched 109.57 (+0.16%). The US dollar index fell to 92.29 (-0.26%), set to complete a third red day in a row. Pound/dollar rose by 0.34% ahead of Tuesday’s employment figures out of the [..]

US Open Preview – Dollar ticks lower; Canadian jobs data in sight

Posted on May 11, 2018 at 11:02 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index edged lower on Friday (-0.17%), extending losses from Thursday on the back of disappointing US inflation data. Dollar/yen was down 0.09%, with little in the way of news or developments to guide price action. Euro/dollar inched up to 1.1943 (+0.24%), while pound/dollar touched 1.3570 (+0.39%), with the latter licking its wounds following a sharp decline on Thursday, after the Bank of England appeared cautious about near-term rate [..]

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