Thursday 9th January: Marked Improvement in Market Sentiment; Dollar Overpowers 97.00.
Europe’s single currency ceded further ground to the US dollar Wednesday, shedding 0.42% and clocking near-two-week lows a few points north of the 1.11 handle.
Wednesday 8th January: Risk Aversion Bolsters Safe-Haven Markets.
Despite Monday’s firm opening, The US dollar index’s recent advance, aided by an upbeat US Non-Manufacturing PMI reading, took a bite out of the British pound Tuesday, shedding more than 45 points, or 0.37%.
Tuesday 7th January: Dollar Lower Amidst Escalating US-Iran Tensions.
EUR/USD buyers entered an offensive phase Monday, adding 35 points, or 0.34%. The pair gathered traction on the back of upbeat Eurozone services PMIs and a better-than-anticipated Sentix index, released early London.
Tuesday 24th December: Technical Outlook and Review.
The Australian dollar outpaced its G10 rivals Monday, jostling for top spot having made a firm breach of the 0.69 handle. H4 price, however, is now seen testing tops around the 0.6938-0.6929 region, which could prove problematic for buyers as we head into the festive period.
Friday 20th December: Dollar Index Maintains Upside Presence Despite Capped by Weekly Trend Line Resistance.
Less-than-stellar US macroeconomic data kept the US dollar index in check Thursday, wrapping up the session unchanged. The Federal Reserve Bank of Philadelphia's monthly report revealed the diffusion index for current general activity fell 10 points this month to 0.3, its lowest reading in six months.
Thursday 19th December: Pound Sluggish Sub 1.31 Ahead of the BoE’s Monetary Policy Update.
The pound held onto the bulk of Tuesday’s downside yesterday, dipping below 1.31 before finding a base at around 1.3070. Limited reaction was observed in light of UK inflation metrics, in which headline CPI modestly topped forecasts ahead of the BoE’s monetary policy update today.
Wednesday 18th December: Dollar Index Continues Higher Following Daily ABCD Correction at 96.64.
Europe’s single currency concluded Tuesday mixed against the greenback, after failing to sustain gains north of November’s opening level at 1.1156. As evident from the H4 timeframe this morning, traders are left with a shooting star candlestick pattern , which could entice selling towards nearby trend line support, extended from the low 1.0981.
Tuesday 17th December: Pound Slumps Ahead of Employment Data.
Sterling’s post-UK election faded after a fleeting expedition north of 1.34 vs. the buck Monday. Weighed by disappointing preliminary PMIs for December, particularly in the manufacturing sector, and reports UK PM Boris Johnson plans law change to block a further Brexit delay
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