Wednesday 6th November: Dollar circulates below 98.00; eyes weekly trend line resistance.
Key risk events today: Crude Oil Inventories. EUR/USD: In recent sessions, […]
Tuesday 5th November: Havens wane on positive trade-deal hopes.
Key risk events today: RBA Rate Statement and Cash Rate; UK […]
Monday 4th November: Weekly technical outlook and review.
The headline seasonally adjusted UK manufacturing purchasing managers’ index (PMI) rose to 49.6 in October, up for the second successive month but remaining below the neutral 50.0 mark separating expansion from contraction, according to Markit.
Friday 1st November: Dollar records successive losses ahead of US non-farm payrolls.
Europe’s common currency finished unmoved against the buck Thursday, unresponsive to European growth and unemployment indicators.
Thursday 31st October: Technical outlook and review.
The Federal Open Market Committee (FOMC) cut its benchmark funds rate by 25 basis points to a range of 1.5% to 1.75% on Wednesday, as expected, but specified the moves to ease policy could be approaching a pause.
Wednesday 30th October: Dollar index lower ahead of Fed meeting.
Key risk events today: German Prelim CPI m/m; US ADP Non-Farm […]
Monday 28th October: Weekly technical outlook and review.
Brexit-related fears along with a strengthening greenback further weighed on the British pound Friday, positioning the H4 candles a few points north of the 1.28 handle.
Friday 25th October: Dollar index testing weekly resistance at 97.72 – prepare for a possible pullback.
Friday 25th October: Dollar index testing weekly resistance at 97.72 – […]
Thursday 24th October: Technical outlook and review.
The British pound was left mostly unchanged against the buck Wednesday, with the GBP/USD currently trading a few points south of 1.29 as a lack of clarity and rising odds of a general election continues to haunt markets. Tuesday witnessed a 0.68% decline after MPs rejected UK PM’s Boris Johnson’s plan.
