Wednesday 1st May: Dollar trades on the back foot ahead of the highly-anticipated FOMC meeting.
A faster-than-anticipated pickup in the Eurozone economy during the first quarter, as well as a diminishing greenback, elevated the H4 candles beyond its 1.12 neighbourhood to a session high of 1.1229.
Tuesday 30th April: Slew of Eurozone data eyed in early Europe – remain vigilant.
The price of gold, in $ terms, kicked off the week on a negative tone, concluding the day down nearly 0.50%. Reclaiming a large portion of Friday’s gains, daily flow is seen eyeballing a retest of a support area coming in at 1272.5-1261.5.
Monday 29th April: Weekly technical outlook and review.
In recent sessions, the US dollar fell as the market shrugged off a GDP beat. Despite this, the currency managed to hold the majority of the week’s gains around the 98.00 handle (US dollar index).
Labour Day Schedule 2019
Dear Trader, Please find our updated Trading schedule for the Labour Day on […]
Friday 26th April: Dollar trades at 2019 highs ahead of today’s GDP release.
EUR/USD: The euro yielded additional ground to its US peer Thursday, […]
Thursday 25th April: Dollar extends advance and refreshes 2019 yearly highs
EUR/USD: Starved of support, the single currency fell sharply vs. its […]
WARNING: Potentially hazardous market conditions – Japanese golden week
Dear Trader, WARNING: Potentially hazardous market conditions – Japanese golden week […]
Wednesday 24th April: Dollar marks fresh 2019 high though may struggle to overthrow weekly resistance at 97.72.
Capital flooded into US markets Tuesday as many traders returned from the long holiday weekend. The US dollar index, or ‘DXY’, refreshed 2019 highs at 97.78, though is likely to find fresh opposition nearby at 97.72, a long-standing weekly resistance.
Tuesday 23rd April: FX markets look to shake off the long Easter weekend ahead of a thin macroeconomic calendar today.
The Australian dollar kicked off the week on a negative footing, down 0.20% against the US dollar. Despite Easter Monday’s thin conditions and an absence of tier 1 data, some analysts state the recent slide was the result of a waning US equity market.
