FX Daily Outlook | 16-02-17
Posted on February 16, 2017 at 9:45 am GMT[..]
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European Session – Dollar extends gains on strong inflation and retail sales data
Posted on February 15, 2017 at 4:06 pm GMTToday was a busy day in terms of economic data with major releases from the US and UK grabbing investors’ attention for the most part. On top of that, Federal Reserve chair, Janet Yellen, continued with her second day of testifying before US Congress as scheduled. The annual US headline inflation reading came in at 2.5% for January, the fastest pace in five years. It was up from a previous 2.1% and beat forecasts for a 2.4% increase. Higher gasoline prices [..]
Technical Analysis – Gold short-term bullish, medium-term neutral
Posted on February 15, 2017 at 8:22 am GMTGold has been posting some losses is today’s trading so far after finishing the day higher the day before. The short-term outlook as given by the RSI and MACD indicators is bullish as RSI is currently in bullish territory at 58 and the MACD histogram is positive. Should the price head up, the February 8 more than three-month high of 1244.58 is likely to act as resistance to upside moves. A successful break above it would shift focus to the [..]
FX Daily Outlook | 10-02-17
Posted on February 10, 2017 at 9:42 am GMT[..]
Asian Session – Gold under pressure as dollar firms on Trump tax pledge; China trade surplus widens
Posted on February 10, 2017 at 8:20 am GMTThe strength of the dollar followed through from yesterday’s US session on President Donald Trump’s tax pledge. Meanwhile, upbeat trade data out of China showed signs of stability in the world’s second largest economy, helping lift risk appetite in today’s Asian markets. In January, the figures were strong on both exports and imports in China. Exports jumped 7.9 per cent year-on- year in dollar terms, beating forecasts, while imports rose by 16.7 percent, also beating estimates. The trade surplus widened [..]
European Session – Dollar surges above 113 yen on Trump tax comments
Posted on February 9, 2017 at 4:05 pm GMTThe yen fell back on Thursday as yesterday’s risk aversion ebbed slightly, although the recent uncertainty generated from Trump’s policies, the French elections and Brexit continued to weigh on market sentiment. The US dollar recovered from its earlier low of 111.70 yen to hit a European session high of 113.19 yen following the release of stronger-than-expected jobless claims out of the US and an announcement on taxes by the US President. Weekly jobless claims fell to a fresh 43-year low [..]
European Session – Euro and pound firmer as dollar slips back below 112 yen
Posted on February 8, 2017 at 4:08 pm GMTMarkets remained mired in risk-off mood in Wednesday’s European session as global uncertainty regarding Trump’s presidency, European elections, Brexit and the Greek debt crisis all weighed on risk sentiment. The US dollar found itself back below 112 yen as the Japanese currency benefited from safe-haven demand and the yields on US Treasury Notes fell. The greenback was struggling around 111.90 yen in late European session in the absence of any major data release out of the US today. The euro [..]
Technical Analysis – Gold near-term bullish, medium-term neutral
Posted on February 8, 2017 at 8:50 am GMTGold is experiencing some losses in today’s trading so far. It’s the second consecutive day of falls for the precious metal after yesterday’s slight decline in price. In yesterday’s intraday movement it also reached a near 3 month high of 12355.64. Delving into the Ichimoku analysis, a positive short-term signal was recorded in early January when the Tenkan-sen line (red) crossed above the Kijun-sen line (blue). The positive near-term sentiment is reinforced by the MACD, which is positive with the [..]
European Session – Euro under pressure on French election concerns; Dollar stays mixed after NFP
Posted on February 6, 2017 at 4:02 pm GMTThe euro came under pressure on Monday as French election jitters led to a sell-off in French government bonds while the dollar was struggling for direction following Friday’s non-farm payrolls report. Uncertainty about the French election unsettled investors in European trading today as pressure grew on France’s conservative presidential candidate, Francois Fillon, to quit the race. It follows allegations that his wife was paid by the state for work she never did and comes amid ongoing strong support for the [..]
FX Daily Outlook | 06-02-17
Posted on February 6, 2017 at 9:24 am GMT[..]
