Dollar gains seen following the FOMC on Wednesday, and through the overnight Asian session evaporated during London morning trade and through the N.Y. session on Thursday. The DXY stood at about 93.10 just ahead of the Fed, rallied to 93.58 in Asia, later bottoming at 93.06 in N.Y.. Mediocre U.S. data weighed some, as housing […]
The dollar has scraped out a two-day low at 92.82 in the narrow trade-weighted (DXY) index, with EUR-USD concurrently pegging a two-day high at 1.1862, gaining quite sharply from yesterday’s five-week low at 1.1737. A steadying in stock markets today has seen the dollar ebb back, after finding safe haven demand during the worst of […]
The dollar and more especially the yen lifted during the London morning session. EUR-USD dropped back to the lower 1.1800s after pegging a two-day high at 1.1862. Yesterday’s five-week low is at 1.1737. A combo of EUR-JPY selling and broader dollar buying facilitated the decline in EUR-USD, which came amid a backdrop of flagging global […]
The S&P 500 Index just printed back-to-back declines following a disappointing Fed meeting, but dip buyers defended a key technical level, helping stocks close notably off session lows and pressuri…
The Euro seems to have avoided a breakout lower against the US Dollar. This is as EUR/CHF faces converging trend lines. EUR/AUD may bounce, will EUR/CAD follow higher?
Looking ahead to next week there are some interesting charts to watch across different markets.
The Peso isn’t weakening here with stocks, perhaps that continues perhaps not; watch USD/MXN technical merits for cues versus correlations.
The Dollar is off more than 0.35% this week with the index paring nearly half of the monthly recovery. Here are the levels that matter on the DXY weekly technical chart.
Sterling remains trapped by overarching fundamentals drivers and both GBP/USD and EUR/GBP are going to have to wait until the Brexit dust settles.
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EVENING 5: Sapura Energy remains in the black Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1. Sapura Energy…
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