Forex – Dollar Rides Slump in Sterling to 2-Month Highs
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Trade woes, growth concerns keep dollar near 2019 highs
Read More: Trade woes, growth concerns keep dollar near 2019 highs
USD/INR Technical Analysis: Bearish bias intact
The USD/INR pair managed to avoid a break below 71.00 for two straight days, but the probability of a deeper drop below that psychological level still remains high as the resistance at 71.29 (low of the Thursday's bearish marubozu candle) is intact. Daily chart The 5-day moving average (MA) has crossed the 10-day MA from […]
GBP/USD: Comments from BoE’s Carney awaited after the UK GDP’s miss
Pound trades around 1.2860 during early Tuesday. The pair dropped after fourth-quarter GDP missed estimates the previous day. BoE Governor Mark Carney’s speech and Brexit developments can provide fresh directives to traders. The GBP/USD pair trades little positive near 1.2860 while heading towards European session on Tuesday. The pair dropped yesterday after fourth-quarter 2018 GDP […]
USD Clears Resistance with DAX, Euro Stoxx 50 Unexpectedly Surging
European stocks unexpectedly rose as DAX, Euro Stoxx 50 rallied almost 1%. Asia stocks may trade mixed. US Dollar extends winning streak to best since 2016, key resistance cleared. Read More: USD Clears Resistance with DAX, Euro Stoxx 50 Unexpectedly Surging
EUR/USD in Focus as EU Finance Ministers Discuss Trade, Budget
The Euro may be looking out for key comments or policy developments from the Economic and Financial Affairs Council meeting between EU finance ministers. Read More: EUR/USD in Focus as EU Finance Ministers Discuss Trade, Budget
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Weekly Trade Levels for DXY, EUR/USD, USD/CAD, Gold, Crude Oil & More
Currency Strategist Michael Boutros highlights featured setups we’re tracking into the start of the week. Here are the updated targets & invalidation levels that matter on the technical charts. Twitter: @MBForex Free Forex Beginners Guide – https://www.dailyfx.com/free_guide-tg.html?ref-author=Boutros#forecastschoices=Forex_for_Beginners Foundations of Technical Analysis Series – https://www.dailyfx.com/forex/education/trading_tips/daily_trading_lesson/2017/10/20/Foundations-of-Technical-Analysis-Building-a-Trading-Strategy-MB.html?ref-author=Boutros -Subscribe to DailyFX: https://www.youtube.com/DailyFXNews?sub_confirmation=1-Visit DailyFX: https://www.dailyfx.com Welcome to DailyFX where subscribers […]
Forex – U.S. Dollar Surges as Trade Deal Hope
Read More: Forex – U.S. Dollar Surges as Trade Deal Hope
USD/JPY – Japanese yen slips as services report contracts
USD/JPY has started the trading week with considerable losses. In Monday’s North American session, the pair is trading at 110.42, up 0.60% on the day. On the release front, it’s quiet start to the week. Japanese Tertiary Industry Activity dropped 0.1%, its third decline in fourth months. On Tuesday, Japan releases Preliminary Machine Tool Orders and […]
USDJPY slows its rise a bit as stock rise slows as well.
S&P back near unchanged. Dow down The USDJPY rise has slowed a bit. Stocks are becoming more mixed with the S&P near unchanged, the Dow down marginally (-0.13%), but the Nasdaq still up marginally as well (+0.22%). Read More: USDJPY slows its rise a bit as stock rise slows as well.
GBP/USD slumps below 1.29 as DXY advances to fresh 2019 highs
GDP data from UK disappoint on Monday. US Dollar Index extends its rally into an eighth straight day. UK PM May's spokesman says meaningful vote won't take place this week. The GBP/USD pair came under heavy selling pressure during the European trading hours after the data from the UK, once again, highlighted the economic slowdown […]
Breaking: Euro falls to fresh 2019 low on risk appetite driven US Dollar strength
The Euro is trading down some 0.4% below 1.1275 falling to the lowest level in 2019 as the US Dollar is broadly higher on improved risk sentiment. The latest round of trade talks between China and the US began in Beijing with the optimistic headlines fueling the improved risk appetite, while US lawmakers are expected to avert another government shutdown. […]
China and the US on track for a deal
Adam Button from ForexLive talks about China, Brexit and the outlook for markets.LET’S CONNECT! Facebook ► http://facebook.com/forexlive Twitter ► https://twitter.com/ForexLive Forexlive Homepage ► http://www.forexlive.com/ Read More: China and the US on track for a deal
CAD Starts the Year Strong, What's Next (and gold)
Adam Button from ForexLive talks about the strength of the Canadian dollar to start the year and the risks for gold during lunar new year holidays.LET’S CONNECT! Facebook ► http://facebook.com/forexlive Twitter ► https://twitter.com/ForexLive Forexlive Homepage ► http://www.forexlive.com/ Read More: CAD Starts the Year Strong, What's Next (and gold)
USDCAD moves higher with lower oil
Crude is down about -2% now The price of crude oil is lower by close to -2.0% and that is helping to weaken the CAD. However, there is a little rebound as I type. The low reached $51.26. We currently trade at $51.89. Read More: USDCAD moves higher with lower oil
Oil Technical Analysis: WTI declinining to $52.00 a barrel on Monday
Oil daily chart Crude oil WTI is trading in a bear trend below its 200-day simple moving average. Oil 4-hour chart Crude oil is trading between the 100 and 200 SMA suggesting a sideways market in the medium-term. Oil 30-minute chart WTI is trading below the main SMAs suggesting bearish momentum in the short-term. On […]
All about trade, dollar and stocks continue move higher
USD – Dollar rally continues as optimism grows on trade front Shutdown- Likely to go down to the wire again Gold – Sinks on strong dollar and upbeat trade talks Oil – Supply worries are building, WTI $50 level at risk Apple – Huawei continues to take market share in China USD The dollar continues […]
Assessing the strength of the US dollar run
What’s driving the US dollar All of this dollar demand over the past several sessions and yet, at this stage, the picture hasn’t really changed. The euro is still trying to hold up above 1.1300, the Pound remains in a technical uptrend on the daily chart as per the Ichimoku cloud and USDJPY is still […]
Irelands Phillip Lane to become Eurozones next chief economist
To succeed Peter Praet Lane is the Governor of the Central Bank of Ireland (since November 2015). As such, he is a member of the Governing Council and General Council of the ECB. Source: Irelands Phillip Lane to become Eurozones next chief economist
Wall Street opens modestly higher amid US-China trade optimism
Major equity indexes in the U.S. started the day in the positive territory as the latest headlines surrounding the U.S. – China trade conflict boosted the risk-appetite. As of writing, the Dow Jones Industrial Average was up 0.2% on the day while the S&P 500 and the Nasdaq Composite were adding 0.25% and 0.3%, respectively. […]
EUR/USD tumbles to fresh 2019 lows near 1.1280
The pair drops further and prints 2019 lows. The greenback, instead, trades in yearly highs above 97.00. Hopes on US-China trade deal keep rising ahead of talks. EUR/USD keeps gaining downside momentum and is now clinching fresh 2019 lows in the boundaries of 1.1280, opening the door for further weakness to December lows at 1.1269. […]
USDJPY to Fresh 2019 Highs as EURUSD Tests Below 1.1300
US Dollar Bulls continue to push towards the 2019 high, and a slew of Fed speakers on the calendar can continue the USD volatility throughout this week. Source: USDJPY to Fresh 2019 Highs as EURUSD Tests Below 1.1300
UK Week Ahead: Negative Sterling Sentiment Brewing | Webinar
With a poor set of UK Q4 GDP prints already out, Sterling may need some support as UK inflation nears. -Subscribe to DailyFX: https://www.youtube.com/DailyFXNews?sub_confirmation=1-Visit DailyFX: https://www.dailyfx.com Welcome to DailyFX where subscribers get access to actionable and authoritative views on global financial markets. Why subscribe?-Cutting edge real-time insight on actionable market developments-Clearly explained videos to help […]
US Dollar Index moves to 2019 highs around 97.00
The index keeps the buying interest intact around 97.00. Yields of the US 10-year noted climb to highs above 2.66%. US-China trade talks set to resume in Beijing on Thursday/Friday. The greenback remains strong prior to the opening bell in Wall St. on Monday, with the US Dollar Index (DXY) navigating the top of the […]
USD/CHF extends daily rally toward 1.0050 on broad USD strength
US Dollar Index pushes higher to 97. US 10-year T-bond yield rises by more than 1% on Monday. Risk-on mood weighs on safe-havens. Following the flash spike in the early Asian session, the USD/CHF quickly reversed its gains, suggesting that the upsurge was most likely caused by a 'fat-finger'. With the greenback gaining traction on Monday, […]
NZD/USD Technical Analysis: Turns lower for the fourth straight session, bears eyeing a break below 100-DMA support
• The pair failed to capitalize on the early attempted bounce and has now drifted into the negative territory for the fourth consecutive session, back closer to 2-1/2 week lows set on Friday. • The pair's inability to sustain intraday move beyond 100-day EMA, coupled with the bearish tone for the sixth session […]
Most Asian currencies softer ahead of Sino-US trade talks
Investors stayed away from risk-sensitive assets and bet on safe-haven dollar Source: Most Asian currencies softer ahead of Sino-US trade talks
Rupee gains 13 paise to 71.18 vs USD on easing crude price
This is the fifth successive session of gain for the domestic currency, during which it has climbed 62 paise. Source: Rupee gains 13 paise to 71.18 vs USD on easing crude price
USD/JPY pops to the best levels of the year
USD/JPY up 67 pips to 110.38 It’s a great start to the week for the US dollar as gains accelerate across the board. USD/JPY hit some small stops as it broke above 110.16 and continued to 110.39. USD/JPY had struggled at those levels all last week but there is fresh optimism about a US-China trade […]