Thursday 20th February: Gold Tests Levels Not Seen Since 2013; Eyes Weekly Resistance at 1636.0.
EUR/USD continues to echo a bearish stance, capped at the underside of the 1.08 handle on the H4 timeframe. The US dollar index continued marching higher Wednesday, scoring highs at 99.71, levels not seen since May 2017.
Wednesday 19th February: Dollar Continues its Reign Ahead of FOMC.
Europe’s shared currency tumbled for a fifth successive session against the buck Tuesday, pulled lower on weak German ZEW Economic Sentiment for February and the Federal Reserve Bank of New York’s Empire State Manufacturing Index also rising sharply in February.
Tuesday 18th February: Sterling Toys With 1.30 Ahead of Labour Data.
After refreshing multi-year lows at 1.0827 Friday, EUR/USD struggled to find direction Monday as US banks closed in observance of Presidents' Day – confined within a tight range between 1.0851/1.0829.
Friday 14th February: Technical Outlook and Review.
EUR/USD held on to the bulk of its losses Thursday after breaching H4 support at 1.0857, consequently shaking hands with a 161.8% Fibonacci extension at 1.0838. Yesterday’s descent, aside from a brief pause on February 11th, registered its eighth successive decline.
Thursday 13th February: Technical Outlook and Review.
Key risk events: EU Economic Forecasts; US CPI m/m and Core […]
Tuesday 11th February: Technical Outlook and Review.
The euro fell victim to sustained USD strength Monday, with the US dollar index reaching highs of 98.88, poised to approach the 99.00 handle. The weekly timeframe has price action nearing support, shaped in the form of a 2016 yearly opening level at 1.0873.
Friday 7th February: Dollar Reigns Ahead of NFP.
Key risk events today: China Trade Balance; China USD-Denominated Trade Balance; […]
Thursday 6th February: Dollar Index Extends Gains and Eyes Daily Resistance at 98.45.
The US dollar index (DXY) continued to flex its financial muscle Wednesday, strengthened on the back of upbeat data across the board. According to Automatic Data Processing (ADP), private-sector employment increased by 291,000 from December to January, on a seasonally adjusted basis.
Wednesday 5th February: US Dollar Index Extends Gains North of 98.00.
The euro sustained a steady depreciation vs. the US dollar Tuesday, extending Monday’s slide from just south of the 1.11 handle on the H4 timeframe. The US dollar index, or DXY, firmed, albeit off its intraday highs of 98.01.
