FX Daily Outlook | 07-04-17
Posted on April 7, 2017 at 8:26 am GMT[..]
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Forex Market Review (Asian Session) – Gold and yen jump on risk aversion after US missile strike on Syria; focus shifts to nonfarm payrolls
Posted on April 7, 2017 at 7:46 am GMTGold and the yen jumped during Asian trading on Friday, while stock markets fell on geopolitical risk, pushing investors out of risky assets and into safe havens. There were flows into US Treasuries as well. News of a US missile launch on an airbase in Syria rattled global markets, as it raised the risk of a confrontation with Russia and Iran. The knee-jerk reaction in the forex markets saw the dollar drop against the yen to its lowest level since [..]
Forex Market Review (European Session) – Euro hurt by Draghi; Trump-Xi meeting in focus
Posted on April 6, 2017 at 2:57 pm GMTThe main data point in today’s European session trading pertained to US weekly jobless claims. Those came in better than expected but failed to provide an additional boost to an otherwise stronger dollar on the day. Beyond economic releases, the Trump-Xi meeting looms ahead, while the euro was negatively affected by some dovish-perceived comments by the head of the European Central Bank. The dollar index, a broad gauge of dollar strength, edged higher today. If it closes in the green, [..]
Forex Market Review (European Session) – Dollar gains on robust ADP jobs; sterling lifted by services PMI
Posted on April 5, 2017 at 2:48 pm GMTSterling was one of the best performing major currencies after UK data surprised to the upside. The dollar jumped higher after ADP jobs beat expectations. After a relatively quiet start to the European session, the dollar moved out of its range and rallied strongly against the yen on the robust ADP data, to break above the key 111-yen level. The ADP employment report released today showed private payrolls in the US rose by 263,000 in March, which was far above the 187,000 [..]
FX Daily Outlook | 05-04-17
Posted on April 5, 2017 at 8:42 am GMT[..]
Forex Market Review (Asian Session) – Quiet session ahead of risk events; oil rises after fall in stockpiles
Posted on April 5, 2017 at 7:53 am GMTThere was limited price action today as investors remained sidelined ahead of big risk events coming up this week. Major currencies mostly traded in tight ranges during the Asian session, with risk-off sentiment keeping trading volumes low, while a lack of major economic releases kept the market focus on the meeting between US President Donald Trump and China’s President Xi Jinping that will last two days, starting on Thursday. This will be the two leaders’ first face-to-face meeting since Trump took [..]
FX Daily Outlook | 04-04-17
Posted on April 4, 2017 at 8:27 am GMT[..]
Forex Market Review (Asian Session) – Dollar broadly weaker as yen, gold rise on safe haven demand; aussie falls after RBA
Posted on April 4, 2017 at 7:38 am GMTThe Australian dollar fell after the Reserve Bank of Australia’s policy meeting. Safe haven assets such as the yen and gold were some of the best performers in a broadly risk averse environment in the markets today, as investors were being cautious ahead of major risk events later in the week. The RBA kept the cash rate unchanged at 1.50% after a policy meeting today, as was widely expected. The Bank’s statement raised concerns about the overheated domestic housing market [..]
Technical Analysis – Gold bullish on one-week high
Posted on April 4, 2017 at 7:24 am GMTGold continues climbing after closing higher the two previous days. Today’s rise has led the precious metal to record a one-week high. The RSI indicator is comfortably above the 50 neutral level at 63, while the stochastics add to the positive short-term signal as the %K line is in bullish territory and has crossed above the slow %D line. An immediate resistance area is likely to be formed by the current level of the 200-day moving average (MA) and the [..]
Forex Market Review (European Session) – Sterling falls on poorer than expected PMI data; dollar backtracks from earlier gains
Posted on April 3, 2017 at 3:03 pm GMTTraders were hit with manufacturing data out of the US, Eurozone and the UK during today’s European session. Eurozone unemployment and producer prices were among the day’s releases as well. The dollar index was flat in late European session trading after giving up on gains made earlier in the day. Dollar / yen was last slightly down for the day at around 111.10. The euro fell to a near three-week low of $1.0649 after mixed Eurozone data before recovering to [..]
