Tuesday 24th March: Technical Outlook and Review
Key risk events today: Eurozone, UK and US Manufacturing and Services […]
Friday 20th March: Dollar Continues Relentless March Higher
Europe’s shared currency extended losses for a third successive session Thursday. Erasing more than 200 points and registering 37-month lows at 1.0654, EUR/USD tunnelled through a number of key technical supports, including the 1.0777 level and the 1.07 handle.
Thursday 19th March: Dollar Remains Bid at Multi-Year Highs.
Key risk events today: RBA Gov Lowe Speaks; SNB Monetary Policy […]
Wednesday 18th March: Dollar Index Remains Enthusiastic Though Testing Resistance at 99.62
Key risk events today: Canada Inflation; US Building Permits. (Previous analysis […]
Tuesday 17th March: Technical Outlook and Review.
Technically, EUR/USD remains within an interesting consolidation between 1.1223 and 1.1045 on the H4 scale. The upper boundary contains January’s opening level at 1.1222, a 38.2% Fibonacci resistance at 1.1223 and the 1.12 handle.
Friday 13th March: Safe Havens Fail to Advance as Market Panic Continues
Europe’s single currency attempted a comeback against the buck off the 61.8% Fibonacci retracement ratio at 1.1053 on the H4 scale, a touch north of March’s opening level at 1.1045, after free falling from highs at 1.1333.
What Are Lots in the Forex Market?
Newer traders often enter trading with exaggerated dreams, void of accurate […]
Thursday 12th March: ECB Takes Centre Stage.
Europe’s shared currency coasted lower Wednesday, fading session peaks at 1.1366. As markets ready themselves for the European Central Bank, H4 price is seen languishing marginally south of 1.13, testing lows of 1.1257. US inflation data (CPI) announced modestly optimistic figures in February, though was largely ignored by market price.
Wednesday 11th March: Upbeat Market Sentiment Drives Dollar to Higher Ground
Sentiment somewhat steadied Tuesday, prompting a rebound in US Treasury yields and the US dollar index. The DXY reclaimed 96.00 to the upside and is poised to shake hands with 96.50.
