Day: February 13, 2019
DXY: What’s Next for the Dollar?
Despite the Federal Reserve dropping its hawkish bias, the US dollar has been quite resilient. The closely-watched Dollar Index rose for the eighth consecutive day until yesterday when it was hit by profit-taking, before rebounding again today. There are several reasons why the dollar has been pushing higher in recent times, but it remains to …
Gold Edges Higher Despite Stronger Risk Appetite
Gold has edged higher in the Wednesday session, continuing the trend seen on Tuesday. In North American trade, the spot price for one ounce of gold is $1313.54, up 0.20% on the day. In the U.S., CPI ticked up to 0.0%, shy of the estimate of 0.1%. Core CPI posted a gain of 0.2%, matching …
Pound Yawns as British CPI Slips Below 2.0%
GBP/USD is almost unchanged in the Wednesday session. In North American trade, the pair is trading at 1.2882, down 0.10% on the day. On the release front, inflation levels were soft on both sides of the pond. In the U.K., headline inflation dipped to 1.8%, shy of the estimate of 1.9%. In the U.S., CPI …
NZDJPY Jumps Higher But Capped By Upper Bollinger Band
NZDJPY is looking strongly bullish in the short term after surging above its daily moving averages (MA) on Wednesday. Prices hit a one-week high of 75.79 and the technical indicators are all pointing to further positive momentum in the near term. The stochastics are heading upwards, but the %K line has yet to cross above …
NZDJPY Jumps Higher But Capped By Upper Bollinger BandRead More
Apple and IBM CEOs join Trump’s advisory board to make sure AI doesn’t kill jobs
Two prominent tech leaders are joining President Donald Trump’s advisory board to direct the future of workforce policy, the U.S. Department of Commerce announced Wednesday. Apple CEO Tim Cook and IBM CEO Ginni Rometty are among the 25 members appointed to the American Workforce Policy Advisory Board, which will work “to develop and implement a …
Apple and IBM CEOs join Trump’s advisory board to make sure AI doesn’t kill jobsRead More
GBP/USD Outlook: Roller Coaster Action on High Volatility; Weak CPI Weighs; 100SMA Remains Key
Cable hit daily low at 1.2870 in early American session on Wednesday, on fresh weakness from daily high at 1.2958, hit after sizeable buy order was triggered minutes before noon fix. Sterling returned to bearish mode after UK inflation dropped below 2% and hit lowest level in two years (Jan CPI y/y 1.8% vs 1.9% …
GBPAUD Slide Stops Around 20-day SMA; Positive Risks Not Faded Yet
GBPAUD is recording the third day of losses after a failed attempt to break significantly above the 1.8340 resistance level last Friday. Chances for a short-term reversal are increasing as the price is dropping below the 20-day simple moving average (SMA), while the technical indicators have a steeper negative slope now. The RSI is heading …
GBPAUD Slide Stops Around 20-day SMA; Positive Risks Not Faded YetRead More
Top 5 Benefits of Using Entry Orders in Forex Trading
Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out the window. The forex market is open 24 hours a day, so this means no trader can …
Top 5 Benefits of Using Entry Orders in Forex TradingRead More
Dollar Trying to Rebound on CPI, Risk Appetite Continues
Strong risk appetite remains the main theme for today on trade optimism. Though, Dollar is trying to steal the show in early US session with stronger than expected inflation data. For now, Yen remains the weakest one for today. Euro follows as weighed down by poor industrial production data, then Swiss Franc. On the other …
Dollar Trying to Rebound on CPI, Risk Appetite ContinuesRead More
XAU/USD Is Supported By SMAs
During Tuesday’s trading session, the yellow metal was trading between the 200-hour and the 100-hour SMAs. During Wednesday’s morning hours, the 100-hour simple moving average supported the rate at the 1,310.50 mark. In regards to the near-term future, it is expected that the 55-hour and the 100-hour SMAs will push the rate to break the …
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