EURUSD Muted Ahead of US Durable Goods
After declining 0.4% across the previous week, EUR/USD is holding steady in early trade on Monday. Optimism over a US – China trade deal has had a limited effect on the currency pair which has barely moved at the start...
Gold Breaks Out
On Friday, we wrote on silver, highlighting the metal’s breakout above a key technical level. That made us wonder two things. First: Was silver about to embark on a major rally? Well, the grey metal has indeed extended its gains...
Trade Tailwinds, RRR Study, Dollar Depreciation, Oil’s Improving Demand Outlook, Gold’s Bright Outlook, Bitcoin Found Support
US stocks remain close to record highs as trade tensions abated further after China cut tariffs on an array of goods including frozen pork, pharmaceuticals, smart-phone parts, and consumer items starting on January 1st, another sign that the phase-one deal...
EUR/USD Outlook: Daily Cloud Top Contains for Now but Near-Term Outlook Remains Negative
The Euro is trading within narrow consolidation between daily cloud top (1.1074) and daily Kijun-sen (1.1090) on Monday, lacking signals in thinning pe-holiday market. Strong fall on Friday was contained by daily cloud top and nearby pivotal Fibo support at...
USD Significantly Strengthened
The major currency pair weakened pretty much at the end of last week. Early in the last full trading week of the year, EURUSD is trading at 1.1084. Several reports published by the USA last Friday provided great support to...
USDMXN Looks for a Rebound as Oversold Conditions Detected
USDMXN paused its 3-week old decline near the key 18.80 support area last week. Meanwhile the RSI has touched its 30 oversold mark and is now looking for a rebound, whilst the fast-Stochastics have already reversed after posting a bullish...
Quiet Start to Holiday-Shortened Trading Week
Notes/Observations China to adjust import tariffs for some products starting on Jan 1st 2020: To allow 859 items with preferential tariffs Japan Chief Cabinet Sec Suga: Has not eased export controls on South Korea; changes to controls are just procedural...
Euro Remains Unimpressed by Cyclical Tailwinds
Market movers today As the festive season approaches and Christmas calm settles in the markets, the data flow in Europe and the US will slow this week. In the UK, PM Boris Johnson continues to aim to get his Brexit...
Cross Check | AUD/JPY, GBP/CHF, EUR/CAD, EUR/NZD
AUD/JPY: A bullish channel has been developing on the weekly chart, since AUD/JPY failed to close the week below January’s flash-crash low in August. Moreover, a bullish outside week marks a swing low at 73.80 and prices are now consolidating...
Markets in Holiday Mood, USD/CAD to Decide Next Direction
Australian and New Zealand Dollar strengthen mildly in Asia today. But markets remain quiet overall, very much in holiday mood. Dollar and Canada are the weaker ones. US President Donald Trump’s tweet late Friday indicated that US-China trade deal is...
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