News
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XE Market Analysis: Europe – Aug 20, 2020
The dollar has retained demand in the wake of the FOMC minutes, the bottom line from which was that there is no immediate plan to take unconventional stimulus measures in monetary policy. The narrow trade-weighted USD index edged out a three-day peak at 93.09, extending the rebound that was sparked by the minutes and from […]
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XE Market Analysis: North America – Aug 20, 2020
The dollar has retained demand in the wake of the FOMC minutes, the bottom line from which was that there is no immediate plan to take unconventional stimulus measures in monetary policy. The narrow trade-weighted USD index rose to a six-day peak at 93.19, extending the rebound from the 27-month low that was pegged on […]
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XE Market Analysis: Asia – Aug 20, 2020
The Dollar came under broad pressure from mid-morning on Thursday, as if appeared the FOMC minutes driven boost has about run its course. In the scheme of things, even if the minutes were not as dovish as expected, the Fed continues to be in uber-easing mode, continuing to buy assets while virtually targeting the yield […]
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US Dollar Technical Forecast: USD/SGD, USD/PHP, USD/IDR, USD/MYR
The US Dollar could be readying to turn higher against the Singapore Dollar and Philippine Peso on bullish technical signals. Will USD/IDR and USD/MYR meet the same fate?
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USD/ZAR – USD May Be Setting the Table for Broader Rally vs Rand
USD/ZAR is generally holding up well given recent USD weakness in the DM space; short-term pattern could lead to breaking of important resistance.
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Gold Price Outlook: Recovery Stalls Below Record High- XAU/USD Levels
Gold prices are virtually unchanged for the week as the breakout contracts just below technical resistance. Here are the levels that matter on XAU/USD weekly chart.
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XE Market Analysis: Europe – Aug 19, 2020
The pound has printed a fresh trend high against the dollar, at 1.3268, which is the loftiest level since December. The catalyst was much warmer than anticipated UK July inflation data, with headline CPI rising to a rate of 1.0% y/y from 0.6% y/y and with core CPI spike to a rate of 1.8% y/y […]
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XE Market Analysis: North America – Aug 19, 2020
The dollar has managed to find a toehold against most currencies after printing fresh trend lows against many yesterday. The exceptions were the pound and the Canadian dollar, which both clocked new trend highs versus the greenback. The USD index (DXY) has been consolidating recent losses above Tuesday’s 17-month low at 92.13, with EUR-USD concurrently […]
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XE Market Analysis: Asia – Aug 19, 2020
The Dollar managed to stem the bleeding in N.Y. on Wednesday, and rallied modestly through the session. The DXY held above Tuesday’s 27-month low of 92.13, rallying from early lows of 92.24 to 92.75 highs. There was no data to drive markets. Wall Street was modestly higher, and Apple hit a milestone, becoming the first […]
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Dow Jones, S&P 500, NZD/USD Price Outlook Based on Retail Positioning
The Dow Jones Industrial Average may fall based on signals from IG Client Sentiment. Will the S&P 500 follow or set new highs? The growth-linked New Zealand Dollar could weaken ahead.
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EUR/GBP IG Client Sentiment: Our data shows traders are now net-long EUR/GBP for the first time since Jul 22, 2020 when EUR/GBP traded near 0.91.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.
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FTSE 100 Technical Outlook Remains Murky; Levels, Lines to Watch
The FTSE has been backing off the past few days from near resistance towards support, price action generally choppy but there are technical signposts to watch.
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Japanese Yen Technical Outlook: USD/JPY Slams into August Range Lows
A three-day rally in the Japanese Yen is vulnerable as USD/JPY tests key near-term support. Here are the levels that matter on the technical charts in the days ahead.
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