News
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XE Market Analysis: Europe – Aug 12, 2020
The dollar is up for a fourth consecutive trading day, lifting narrow trade-weighted USD index to an eight-day high at 93.77. EUR-USD concurrently carved out a nine-day low at 1.1711, Cable a five-day low at 1.3017, and AUD-USD an eight-day nadir at 0.7110. The dynamic marks an extension in correction from the trend highs that […]
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XE Market Analysis: North America – Aug 12, 2020
The dollar ebbed back some after pegging fresh recovery highs against the euro and some other currencies. The narrow trade-weighted USD index fell back to levels around 93.50 after posting an eight-day high at 93.79. EUR-USD concurrently lifted back to the mid 1.1700s after carving out a nine-day low at 1.1711. USD-CAD dropped back to […]
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XE Market Analysis: Asia – Aug 12, 2020
The Dollar was marginally lower overall in N.Y. on Wednesday, resulting in a DXY bottom of 93.29 from opening highs of 93.64. The USD has been suffering since the start of July, as pandemic concerns cloud the growth outlook, as the Fed remains in uber-easing mode, and more recently, growing fears that congress will not […]
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S&P 500, Gold Price, AUD/USD Outlook Bearish on Positioning Signals
IG Client Sentiment is warning that the S&P 500, gold prices and AUD/USD could fall ahead as upside exposure accumulates. What are key technical levels to watch for next?
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USD/JPY Technical Analysis: Attempting to Buck the Downtrend
USD/JPY is working on breaking a downtrend line from June, could send it back to the 200-day soon.
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EUR/JPY Price Forecast: Euro May Reverse Lower Against Japanese Yen
Last week, EUR/JPY climbed to a multi-month high then declined after. Will the price correct its upward trend ?
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Nasdaq – ‘The’ Line-in-the-Sand to Watch; S&P 500, Dow Jones to Follow
The Nasdaq has a clean bullish structure to watch; stay within stay higher, fall outside and trouble could ensue for the whole market.
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FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since Jul 20, 2020 when FTSE 100 traded near 6,264.90.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.
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Canadian Dollar Outlook: USD/CAD Five Weeks Down, Five Month Low
Canadian Dollar rally is attempting a fifth week with USD/CAD eyeing key uptrend support at multi-month lows. These are the levels that matter on the technical charts.
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XE Market Analysis: Europe – Aug 11, 2020
The narrow trade-weighted USD index edged out a one-week high at 93.71, making this the third consecutive trading day a higher high has been seen. A softer tone in the euro has in part given buoyancy to the index while pushing EUR-USD to a one-week low, at 1.1723. EUR-JPY concurrently rose about 40 pips to […]
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XE Market Analysis: Asia – Aug 11, 2020
The Dollar was modestly higher in N.Y. trade on Tuesday, taking the DXY from opening lows of 93.18 to a high of 93.53. Warmer than expected July PPI provided support to the USD, as did the resultant rise in Treasury yields. EUR-USD eased from 1.1807 highs to a low of 1.1757, ass USD-JPY topped at […]
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Bitcoin Price May Extend Rally if US Dollar Selling Pressure Persists
The price of Bitcoin may continue to rise if selling pressure in the US Dollar continues to swell in an environment supportive of risk appetite.
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Bearish Signals on Copper Chart – HG Price Forecast
Last week, Copper tumbled to a multi-week low then closed in the red. Will bears take the lead or will bulls come back?