Dollar Firm after Breaking Key Resistance Against Euro
Dollar stays firm in rather quiet pre-weekend trading today. EUR/USD’s break of 1.0926 support is a clear sign of greenback’s strength. Yet, we’d still prefer to seen more buying in other Dollar pairs to confirm. For the week, European majors...
EUR/USD Makes New 2019 Low But No Follow Through Selling Yet
Forex traders remain rather uncommitted today. Euro was weighed down by renewed weakness in German 10-year bund yield, which hit as low as 0.594. The common currency hit new 2019 low against Dollar but there is no follow through selling....
Dollar Buying Lost Momentum ahead of Key Resistance
The forex markets remain in rather indecisive mode for now. Dollar buying attempted to take off yesterday, but quickly lost momentum. The greenback pares back some of yesterday’s gains in Asian session. Similarly, there was no follow through selling in...
Dollar Rises on Trade Pessimism and Trump Impeachment
Markets are generally in risk averse mode today, partly due to receding US-China trade optimism after hardline comments from US President Donald Trump at UN yesterday. Also, US House Speaker decided to lunch a formal impeachment inquiry on Trump. Nevertheless,...
Sentiments Turned Sour after Trump’s Harsh Words on China
Sentiments turned sour again after US President Donald Trump’s harsh words on China at UN. But reactions in the forex markets are relatively muted. Dollar is the stronger one for now. New Zealand Dollar is supported after RBNZ stands pat...
Sterling Surges of UK Supreme Court Ruling, Aussie Lifted by RBA Lowe
Sterling rises broadly today as MPs are expected to back to work on blocking no-deal Brexit after Supreme Court ruling. Meanwhile, Australian Dollar is lifted by RBA Governor’s refrain from signaling an imminent rate cut next week. New Zealand Dollar...
US-China Trade Talks to Continue in Two Weeks, Euro Look into German Ifo
The forex markets are generally in tight range today. Risk sentiments improved slightly after US Treasury Secretary Steven Mnuchin indicated there would be a high-level trade talks with China in two weeks. New Zealand and Australian Dollars are trading mildly...
Euro Plummets as Poor PMIs Point to More ECB Stimulus
Euro is sold off broadly today after shocking poor Eurozone and German PMIs. As Markit put, that data could put pressure on ECB to add to its recent stimulus package. Sterling is somewhat dragged down by Euro and is following...
Risk Appetite Turns Softer But Aussie Supported by Services PMI
The forex markets are trading in rather tight range today. Risk appetite turn weaker on renewed worries over US-China trade negotiations. Asian stocks responded by opening lower. Yen could extend the rebound started on Friday if sentiments worsen ahead. But...
Yen Jumps as Trade Optimism Waned Suddenly after China Canceled Farm Trip
Yen and Swiss Franc ended as the strongest ones last week. They’re partly supported by lack of clear indication of imminent easing from respective central banks. There was additional buying on a pessimistic turn on US-China trade talks. Dollar ended...
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