Friday 8th November: Dollar index closes above 98.00 though faces weekly trend line resistance.
The European shared currency traded lower against the buck Thursday, erasing more than 0.15% and recording its fourth successive losing session. The dollar index firmed yesterday, breaching 98.00 to the upside as US Treasury yields rose sharply – 10-year note trades at 1.919% – amid positive US/China trade headlines that triggered safe-haven outflows.
Thursday 7th November: Havens gather momentum on news November’s phase one deal signing could be delayed to December.
Europe’s shared currency shifts into Thursday a shade lower against the buck, retreating from Wednesday’s high at 1.1092. Tier-1 macroeconomic data was limited Wednesday, though better-than-expected Eurozone services PMIs did provide fresh impetus.
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 […]
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.
Wednesday 30th October: Dollar index lower ahead of Fed meeting.
Key risk events today: German Prelim CPI m/m; US ADP Non-Farm […]
Tuesday 29th October: Safe-haven markets offered amid risk-on trade.
EUR/USD movement picked up a modest bid Monday amid risk-on trade, adding 20 points, or 0.19%. Overall, however, it was an otherwise quiet start to what indeed should be an eventful week ahead.
Thursday 19th March: Daily technical outlook and review.
EUR/USD: Weekly Timeframe: Following last week’s close below weekly demand at […]
Wednesday 18th March: European Open Briefing
Global Markets: Asian stock markets: Nikkei up 0.10 %, Shanghai Composite […]
