The Australian dollar found broad support vs. the majority of its major rivals at the beginning of the week, a reaction to local elections: a surprise win for the Liberal-National coalition.
21
May
2019
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19
May
2019
Monday 20th May: Weekly technical outlook and review.
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US dollar index picked up steam, this sent the EUR/USD to a session low of 1.1155 into the week’s close. With limited support/demand visible to the left of current price until reaching Quasimodo support at 1.1130
17
May
2019
Friday 17th May : Beijing’s hard talk pulls down Chinese markets.
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Asia ex China gained, while China dropped, with investor sentiment bolstered by the positive cues overnight from Wall Street for a third straight session as upbeat corporate earnings results and U.S. economic data helped offset worries about U.S.-China trade tensions.
16
May
2019
Thursday 16th May: Weak US retail sales spells trouble for greenback; seen languishing beneath dollar index resistance
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The US dollar, according to the US dollar index, largely disregarded the weaker-than-expected April retail sales report Wednesday, though eventually yielded to selling pressure on news US President Trump would delay tariffs on EU automobiles.
15
May
2019
Wednesday 15th May: Busy economic calendar ahead – remain vigilant and expect volatility.
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With Brexit talks between the Conservatives and Labour gridlocked, as well as easing concerns over US/China trade dispute and a mixed employment report out of the UK, the British pound remained on the defensive.