Category: Featured

Key risk events today: RBA Assist Gov Bullock Speaks; OPEC Meetings; FOMC Member Williams Speaks; US CB Consumer Confidence; US Richmond Manufacturing Index; Fed Chair Powell Speaks. EUR/USD: The greenback began the week on soft footing, testing and marginally surpassing the 96.00 handle (dollar index). This elevated the euro to a fresh three-month high at … Continue reading Tuesday 25th June: Dollar continues edging lower on rate-cut expectation.

EUR/USD bulls went on the offensive last week, adding more than 160 points out of a long-standing demand area at 1.1119-1.1295.

Key risk events: French Flash Services PMI; French Flash Manufacturing PMI; German Flash Manufacturing PMI; German Flash Services PMI; EUR Flash Manufacturing PMI; EUR Flash Services PMI; US Flash Manufacturing PMI; FOMC Member Brainard Speaks; UK Public Sector Net Borrowing; MPC Member Tenreyro Speaks; Canadian Core Retail Sales m/m; Canadian Retail Sales m/m. EUR/USD: Firmly … Continue reading Friday 21st June: Increased demand for safe-haven assets as the dollar continues to grind south.

EUR/USD: The single currency rose higher against its US counterpart Wednesday in the aftermath of the FOMC. The central bank left rates unchanged between 2.25-2.50%, as expected, though tweaked the language in its statement to reflect a more dovish stance. Erasing Draghi-induced losses, the candles gravitated to a high of 1.1254. H4 price, after engulfing … Continue reading Thursday 20th June: Dollar index on defensive after Fed signals readiness to cut rates; trades sub 97.00.

EUR/USD: The euro witnessed a reasonably robust decline vs. its US counterpart Tuesday, following ECB’s President Draghi opening the door for further monetary stimulus, as well as the ZEW Indicator of economic sentiment for Germany decreasing sharply in June 2019 – stands at -21.1 points. For folks who read Tuesday’s technical report you may recall … Continue reading Wednesday 19th June: Dollar index trades at weekly resistance 97.72 ahead of today’s crucial FOMC meeting.