EUR/USD: The euro yielded additional ground to its US peer Thursday, down 0.20% on the day and drafting its third consecutive daily loss. The dollar sustained its upward momentum, though stalled at fresh 2019 highs of 98.32 despite hotter-than-expected US durable goods orders. Quasimodo support at 1.1130 on the H4 timeframe nudged its way into … Continue reading Friday 26th April: Dollar trades at 2019 highs ahead of today’s GDP release.
EUR/USD: Starved of support, the single currency fell sharply vs. its US counterpart Wednesday, down 0.77% as of writing. Capital continued to bolster the US dollar, forcing the dollar index, or ‘DXY’, above weekly resistance at 97.72 to fresh 2019 highs of 98.19. The euro was also affected by the move in German bonds and … Continue reading Thursday 25th April: Dollar extends advance and refreshes 2019 yearly highs
Dear Trader, WARNING: Potentially hazardous market conditions – Japanese golden week Japan has an extended spring vacation, ‘Golden Week’, from 27th April to 6th May. This will be the longest market closure since the end of World War II, creating potentially hazardous market conditions due to the low liquidity expected across all markets during Asian hours. … Continue reading WARNING: Potentially hazardous market conditions – Japanese golden week
Capital flooded into US markets Tuesday as many traders returned from the long holiday weekend. The US dollar index, or ‘DXY’, refreshed 2019 highs at 97.78, though is likely to find fresh opposition nearby at 97.72, a long-standing weekly resistance.
The Australian dollar kicked off the week on a negative footing, down 0.20% against the US dollar. Despite Easter Monday’s thin conditions and an absence of tier 1 data, some analysts state the recent slide was the result of a waning US equity market.
