The main theme has been dollar and yen firmness against most other currencies, amid a risk-off backdrop, though both currencies came off their highs. EUR-USD found its feet after posting a one-week low at 1.1685, settling back in the lower 1.1700s. There had bee a flurry of Euro selling a the European open, though the […]
OVERVIEW EUR-USD found its feet after posting a one-week low at 1.1685 USD/CAD hits 1.31, retreats to mid-1.30s amidst continuing NAFTA negotiations. HIGHLIGHT The EUR wavered between bearish and bullish today, following brisk sales of the Euro when the market opened. The FTSE is lagging, and the Eurozone ESI economic survey returns were below forecasts. […]
The Dollar index rose to a near two-week high in N.Y. trade on Thursday, aided by generally good incoming U.S. data, and spillover buying following the Fed’s rate hike on Wednesday. The DXY topped at 94.89, after opening near 94.45. EUR-USD fell to 1.1554 from opening highs of around 1.1720. USD-JPY printed 2018 high of […]
The Australian Dollar managed to recover some lost ground against its US counterpart but the dominant downtrend remains conspicuously intact.
The FTSE has continued to rally with momentum since bottoming earlier this month; it has resistance at hand, but a break above could put the index in open space for further gains.
US Dollar Bulls appear to be a needy bunch. Despite the most favorable fundamental backdrop via the Fed, the US Dollar continues to sell-off and now faces critical support.